Editorial Review:

Item Description:
Presents the sometimes challenging world of futures, options, and other derivatives in an accessible, cohesive, and intuitive manner. Includes insights into pricing models, a tiered approach to mathematics, and an applied emphasis.



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Accessories:

• Practice Problems and Solutions to accompany Derivatives Markets
• Solutions Manual for Even Numbered Problems for Derivatives Markets

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Rating: - * Better than John C. Hull ... Very easy to understand. IMO, it is the only book that is at par with, if not better than, John C. Hull's "Options, Futures And Other Derivatives." Strongly recommended for everyone with even an oblique interest in the study of derivatives. If Shreve and Karatzas is/are too dense, read this instead. With all due respect, this book should inspire the Broadies and Dermans of the world to write such textbooks themselves, and the Sundaresans and Glassermans of the world to (also) cater to less scholarly minds (such as the undersigned). -Kunal Kunde Rating: - * What a good one! ... I got this book few months back, though little pricy but someone recommended it. I found it to be a wonderful blend of the economics and mathematics of derivatives pricing. After reading the book, i was comfortable with : understanding of derivatives pricing models & derivatives markets I strongly recommend people giving their FRM, CFA and / or SOA certifications to get their hands on this book. You would like it. A good reference book. Only issue is it is little too heavy, hence you cannot lie down and read it for a long time ;-) Rating: - * Book is good; Price is not ... I was recommended this text book by the study material I was using to prepare the acturial exam FM. Then I came to check this book here and I found out that the price here is way too much higher. With this price, you can buy both the text book and its solution mannual in Actex Mad River with free UPS shipping. Hope this will help. Rating: - * advanced, comprehensive treatment ... As financial instruments become ever more complex, McDonald's book gives a systematic treatment of the most common forms of derivatives. Providing a unified etymology that can help you understand how they work. He groups options (puts and calls) with forward contracts like zero coupon bonds. Through numerous simple payoff graphs, as well as explanatory accompanying text, the ideas are easily grasped. The book starts with these ideas in its early chapters. Then it builds on them, to illustrate associated and often more elaborate constructs, as in insurance strategies for hedging. Nor is the discussion confined to minimising one's risk. There is an alternative method, of deliberately speculating on volatility, for example. The modelling of futures and options pricing is dealt with in detail. Including the seminal Black-Scholes formula and related analysis. The assumptions behind Black-Scholes are examined in detail, given the crucial influence of this on many types of pricing. The treatment gets rather advanced, invoking ideas like Monte Carlo simulations of stock prices. The text is well suited for a graduate program in finance. Rating: - * Very concise, focus on intuition ... As an MBA student at Kellogg School, I find this book is concise and easy to read. It also teaches me the intuition in derivatives and asset pricing. As it has both basic and advanced material, it can be used as a reference book as well.