Indicative Reading List

Indicative Reading List for MASTERS students

(excluding MBA)

Please note: Recommended text books may change prior to the commencement of courses if, for example, a new edition is published. You are advised to be cautious in purchasing any textbooks prior to enrolment. Where there is more than one text and for Term-2 modules we would advise you to check with the lecturer at the start of teaching.

BEAM024 Advanced Financial Accounting(Term 1)–Prof Jo Horton

There is no one core module text but the following books are relevant to various sections of the module:

Beaver, W. (1998), Financial Reporting: an Accounting Revolution, 3rd edition, Prentice Hall

Bromwich, M. (1991), Financial Reporting, Information and Capital Markets, Pitman

Hopwood A and Miller P. (eds) 1994, Accounting as Social and Institutional Practice, Cambridge University Press

Parker, R., Harcourt, G. and Whittington G. (1986), Readings in the concept and measurement of income, Philip Allan

Belkaoui, A. (2004), Accounting Theory, 5th edition, Cengage Learning (formerlyThomson Learning)

Scott, W. (2006), Financial Accounting Theory, 4th edition, Prentice Hall

Watts, R. and Zimmerman, J. (1986), Positive Accounting Theory, New York: Prentice Hall

BEAM025 Advanced Management Accounting – Prof John Burns

To be confirmed

Core Text (used extensively):

Taha, H. A. (2007), Operations Research: An Introduction, 8th Ed., Pearson

Prentice Hall.

+ a selection of Journal Articles:

BEAM026 Corporate Governance and Reporting – ProfDavid Gwilliam

To be confirmed

A selection of book parts, including readings from:

Solomon, J and Solomon A (2004), Corporate Governance and Accountability, Wiley,

Bebchuk, L.A. and Fried, J. M. (2004), Pay without performance: The unfulfilled promise of executive compensation, Harvard University Press, Harvard

A selection of web-based materials, including:

The Revised Combined Code on Corporate Governance and other materials via

FTSE4GOOD materials at,

The International Corporate Governance Institute at

+ a selection of Journal Articles

BEAM031 Financial Instruments (Term 1) – Rajesh Tharyn

To be confirmed

Reilly, F.K., and K. C. Brown Investment Analysis and Portfolio Management, 9th edition, (Dryden, 2008)

Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., Addison Wesley

BEAM032 Investment Analysis 1 (Term 1) – Dr Christina Dargenidou

Required reading:

K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st edition), text only; Cengage Learning Business Press.

Supplementary reading:

Penman S.(2006): Financial Statement Analysis and Security Valuation, McGraw-Hill, 3rd edition.

Lundholm R. and R.Sloan, (2007): Equity Valuation and Analysis, McGraw-Hill Irwin, 2nd edition.

Robinson T., Van Greuning H., Henry E. and M.A. Broihahn (2008): International Financial Statement Analysis (CFA Institute Investment Series)" Wiley.

BEAM033 Banking & Financial Services –

To be confirmed

Core text:Mishkin, F. S., and Eakins, S. G. 2007, Financial Markets and Institutions. 8th Edition. Addison Wesley Longman.

Recommended texts:Howells, P., and Bain, K. 2005, The Economics of Money, Banking and Finance. 3rd Edition. Financial Times Prentice Hall.

Kohn, M. 2004, Financial Institutions and Markets. Second Edition. OxfordUniversity Press.

BEAM034 Corporate Finance – Claire Lavers

Required reading:Brigham, E. F. and Houston, J. F. 2009, Fundamentals of Financial Management, Concise 6e, South Western. Older editions of this book (either the Concise version or the standard version) can also be used.

Additional readingArnold, G. 2008. ‘Corporate Financial Management’. 4th ed. Financial Times/ Prentice Hall.

Benninga, S. 2008. ‘Financial Modeling’. 3rd ed., Cambridge

BEAM035 Derivatives Pricing – Dr Stanley Gyoshev

Required texts:Don M. Chance, Analysis of Derivatives for the CFA® Program, 2003

Frank J. Fabozzi, Fixed Income Analysis for the CFA® Program, 2007

Additional reading:Hull, J., 2000, Options, Futures and other derivatives, 3rd ed., Prentice Hall

Kolb, R. W., 2002, Futures, Options and Swaps, 3rd ed., Blackwell Business

Chance, D., 1997, Introduction to Derivatives, Thomson Learning

Wilmott, P., 2001, Paul Wilmott Introduces Quantitative Finance, 2nd edition, John Wiley

Wilmott, P., S. Howison and J. Dewynne, 1995, The Mathematics of Financial Derivatives: a Student Introduction, CambridgeUniversity Press

Clewlow, L. and C. Strickland, 1998, Implementing derivative models, John Wiley

Haug , Espen Gaarder, 2007, Derivatives: Models on Models, John Wiley & Sons

Taleb , Nassim Nicholas, 1997, Taleb on Risk: Dynamic Hedging, John Wiley & Sons

Taleb , Nassim Nicholas, 2001, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Penguin

Taleb , Nassim Nicholas, 2007, The Black Swan: The Impact of the Highly Improbable, John Wiley & Sons

Das, Satyajit, 2006, Traders, Guns and Money: Knowns and Unknowns in the Dazzling World of Derivatives, Financial Times/ Prentice Hall

Partnoy, Frank, 1998, FIASCO: Blood In the Water on Wall Street: Guns, Booze and Bloodlust - The Truth About High Finance, Profile Business

Osband, Kent, 2001, Iceberg Risk: An Adventure in Portfolio Theory: An Adventure in Portolio Theory, Texere Publishing,US

Lowenstein, Roger, 2002, When Genius Failed: The Rise and Fall of Long Term Capital Management, Fourth Estate

Bernstein, Peter L., 1998, Against the Gods: The Remarkable Story of Risk, John Wiley & Sons.

BEAM036 Domestic & International Portfolio Management – Dr Zhenxu Tong

To be confirmed

Required reading:Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., AIMR, Addison Wesley

Additional reading:Reilly, F.K., and K.C. Brown, 2006, Investment Analysis and Portfolio Management, 8th ed., Thomson South-Western

Hull, J.C., 2003, Options, Futures, and Other Derivatives, 5th ed., Prentice Hall

BEAM037 Investment Analysis Project – Jamie Stevenson

To be confirmed

K. Palepu, P. Healy, V. Bernard, 2003, Business Analysis and Valuation using Financial Statements, 3rd ed, Thomson South Western;

G.I. White, A.C. Sondhi and D. Fried, 2003, The Analysis and Use of Financial Statements, 3rd ed, Wiley;

M. Fridson and F. Alvarez, 2002, Financial Statement Analysis: A Practitioner’s Guide, 3rd ed, Wiley;

Simon Benninga, Financial Modeling, 2000, Second edition, MIT Press.

BEAM038 Investment Analysis 2 – Prof Alan Gregory

To be confirmed

Required reading:Alan Gregory, Strategic Valuation of Companies, 2nd Edition., Financial Times

K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st edition), text only; Cengage Learning Business Press.

Additional reading:T Copeland, T Koller, J Murrin, McKinsey & Co Inc, 2005, Valuation-Measuring and Managing Value of Companies, 4th ed., Wiley

John D. Stowe, Thomas R. Robinson, Jerald E. Pinto, Dennis W. McLeavey, Analysis of Equity Investments: Valuation (Hardcover), Aug 2002, AIMR

BEAM039 Principles of Finance – Dr Grzegorz Trojanowski

To be advised

BEAM042 International Financial Management – Dr Jane Shen

To be confirmed

Alan C. Shapiro, Multinational Financial Management, 8th ed. Wiley, 2006. OR

Jeff Madura, International Corporate Finance, 8th ed. Thomson, 2006

BEAM043 Portfolio Investment Game - Dr Grzegorz Trojanowski

To be advised

BEAM045 Accounting for International Managers (Term-1) – Dr Chen Lim

One of:

Gowthorpe, C. (2005), Business Accounting and Finance for Non-specialists, 2nd ed., Thomson Learning, London.

Jones, M. (2006), Accounting, 2nd ed., John Wiley & Sons Ltd, Chichester.

McLaney, E. and Atrill, P. (2005), Accounting: An Introduction, 3rd ed., Pearson Education Limited, Harlow.

Peter Atrill and Eddie McLaney (2010)Accounting and Finance for Non-Specialists, 6/E Pearson Education Limited, Harlow. (preferably with MyAccountingLab as a package)

BEAM046 Financial Modelling (Term 1) – Dr Jane Shen

To be confirmed

Simon Benninga, Financial Modeling (third edition), MIT Press, 2008

BEAM047 Fundamentals of Financial Management (Term-1) – Prof Richard Harris

Brigham, E., and J. Houston, 2010, Fundamentals of Financial Management (Custom Edition). South Western Cengage Learning. ISBN9781408039137.Please note that this book is only available in the University bookshop.

BEEM100 Macroeconomics(Term-1) – Prof Quong Le Van

To be confirmed

The main text is Romer, D (2006) Advanced Macroeconomics, 3rd edition, McGraw-Hill.

Students will also find Press very useful the material in:

"Blanchard O. and Fischer S. (1989) Lectures on Macroeconomics, MIT press.

"Ljungqvist L. and Sargent T.J. (2000) Recursive Macrorconomic Theory, MIT press

However, neither text covers all topics, and students will be expected to read extensively from the reading list on particular topics.

BEEM101 Microeconomics(Term-1) –Professor Zvi Safra

To be confirmed

H. Gravelle and R. Rees (2004), Microeconomics, 3rd Edition, Prentice Hall. (Main text)

Supplementary reading:

Kreps, D (1990), A course in Microeconomic Theory, Harvester Wheatsheaf.
Dixit, A.(1975) Optimization in economic theory, Oxford University Press.

BEEM103 Optimisation Techniques for Economists (Term-1) – Prof Dieter Balkenborg

To be confirmed

A web-site with a complete script for the lecture, as well as exercises and test exams is provided. However, the following textbooks can support the learning.

Knut Sydsaeter and Peter J. Hammond, Essential Mathematics for Economic Analysis, 2nd edition, Prentice Hall, 2006. Recommended for students with A-level mathematics.

Teresa Bradley and Paul Patton, Essential Mathematics for Economics and Business, Wiley, 2002.

Geoff Renshaw, Maths for Economics, Oxford, 2005

Jacques Ian, Mathematics for Economics and Business, Addison-Wesley 2002Preferred by students without A level mathematics, but less comprehensive.

BEEM102 Quantitative and Research Techniques 1(Term-1) – Dr Andrea Halunga

To be confirmed

W.Greene, Econometric Analysis, Prentice Hall, 1999.
Johnston & DiNardo, Econometric Methods, McGraw-Hill, 1997.

BEEM104 Quantitative Methods for Finance (Term-1) - Prof James Davidson

To be confirmed

Gary Koop, The Analysis of Financial Data (Wiley 2005)
Robert S Pindyck and Daniel L. Rubenfeld, Econometric Models and Economic Forecasts (4th Edition) (Irwin McGraw-Hill Boston 1997)
G.S.Maddala Introduction to Econometrics (3rd Edition) (Macmillan New York 2001)

BEEM106 Growth and Development – Prof Quong Le Van

To be advised

BEEM107 Public Economics – Prof Gareth Myles

To be confirmed

G.D.Myles (1995) Public Economics, CambridgeUniversity Press
N. Hashimzade, J Hindriks and G.D.Myles (2006) Solutions manual for intermediate public economics MIT Press
J Laffont (1987) Fundamentals of Public Economics MIT Press

BEEM109 Experimental Economics and Finance – Prof Dieter Balkenborg

To be confirmed

D Begg, S. Fischer and R. Dormbusch: Economics, 8th Edition, McGraw Hill 2006;
T.C. Bergstrom and J.H.Miller: Experiments with Economic Principles, McGraw Hill 1997;
J.D, Hey, Experiments in Economics, Blackwell 1991;
J.H. Kagel and A.E. Roth, Handbook of Experimental Economics, PrincetonUniversity Press 1997;
C. Camerer: Behavioral Game Theory, Experiments in Strategic Interaction , University Press 2003
R.H. Thaler, Advances in Behavioral Finance, Russel Sage Foundation 1993;
R.M. Miller, Paving Wall Street, Wiley 2002.

BEEM110 Advanced Macroeconomics and Economic Modelling – Dr Tatiana Kirsanova

To be confirmed

C.Leith, S.Wren-Lewis, Interactions between monetary and fiscal policy rules, The Economic Journal, 2000, 110 (462): 93-108
T.Kirsanova, J.Stehn and D.Vines, The Interactions Between Fiscal Policy and Monetary Policy, Oxford Review of Economic Policy, 2005Â 21(4)
Clarida, Gali Gertler The Science of Monetary Policy. Journal of Economic Literature 1999

BEEM111 International Macroeconomics and Finance – Prof Quong Le Van

To be confirmed

Obstfeld, M. and K. Rogoff (1996) Foundations of International Macroeconomics, MIT Press
Eichengreen, B. (2003) Capital Flows and Crises, MIT Press

BEEM112 Quantitative and Research Techniques 2 – Dr Paulo Parente

To be confirmed

W.Greene, Econometric Analysis, Prentice Hall, 1999.
Johnston & DiNardo, Econometric Methods, McGraw-Hill, 1997.
W.Enders, Applied Econometric Time Series, Wiley, 1995.

BEEM113 Advanced Econometrics – Prof James Davidson

To be confirmed

1. James Davidson, Econometric Theory, Blackwell Publishers 2000.

2. James Davidson, Stochastic Limit Theory, OUP 1994.

3. James Hamilton, Time Series Analysis. Princeton UP 1994

4. Russell Davidson and James MacKinnon,Econometric Theory and Methods. OUP 2002

BEEM114 Advanced Finance Theory – Prof Gareth Myles

To be confirmed

Kolb, R.W. (2003), Futures, Options and Swaps (Blackwell)
Duffie D (2001), Dynamic Asset Pricing Theory,3rd edition (Oxford: Princeton UP)
Danthine, J.-P. and Donaldson, J.B. (2002), Intermediate Financial Theory (Prentice Hall)

BEEM115 Research Design and Dissertation – Prof Todd Kaplan

Students will develop a bibliography/reference list relevant to their particular topic, under the guidance of their supervisor. The literature varies from topic to topic and will include textbooks and recent research articles.

BEEM116 Financial Econometrics – Dr Andrea Halunga

To be confirmed

1.Brooks, Chris (2008) Introductory Econometrics for Finance, Second edition, Cambridge University Press.

2.K. Cuthberston and D. Nitzsche (2004), Quantitative Financial Economics, 2nd edition, Wiley

3.J. Y. Campbell, A. W. Lo and A.C. MacKinlay (1996), The Econometrics of Financial Markets, PrincetonUniversity Press.

4.T. C. Mills (1999), The Econometric Modelling of Financial Time Series, 2nd edition, Cambridge

BEEM117 Economics of Corporate Finance – Dr Miguel Fonseca

To be confirmed

J. Tirole, The Theory of Corporate Finance, MIT Press, 2005.
G. M. Constantinides (Editor), et al. Handbook of the Economics of Finance, North Holland Amsterdam.

BEEM118 Research Design and Dissertation – Prof Todd Kaplan

BEEM119 Economics of Banking – Dr Surajeet Chakravarty

To be confirmed

Freixas, X. and Rochet, J. Microeconomics of Banking, MIT 1997. (E)
Greenbaum, Stuart I., and Anjan Thakor, Contemporary Financial Intermediation. Dryden Press (October 1994) (R)
Heffernan, Shelagh. Modern Banking, Wiley (2005). (R)

BEEM120 Macroeconomics of Money and Financial Markets (Term 1) – Prof Yiannis Vailakis

To be confirmed

The main text is Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, 8th Edition, Pearson Press

Students will also find very useful the material in:

"R. G. Hubbard, Money, The Financial System, and the Economy, 8th Edition, Pearson Press.

"O. Blanchard, Macroeconomics, 4th Edition, Pearson Press.

However, neither book covers all topics, and students will be expected to read extensively from the reading list on particular topics.

BEEM121 Game Theory and Economic Applications–Prof David Kelsey

To be confirmed

J Tirole, The Theory of Industrial Organisation, MIT Press 1988
J Eichberger, Game Theory for Economists, Academic Press 1993

BEFM010 Investment Research Methods 1 (Term 1) – Erina Konstantinidi

To be confirmed

Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle (AIMR, 2001) 2nd Edition

Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, and Russell S. Sobel (South Western 2003) 12th Edition

+ assigned papers and articles

BEFM011 Financial Statement Analysis (Term-1) – Dr Christina Dargenidou

Financial Statement Analysis, CFA PROGRAM CURRICULUM (2009)

Assigned articles and papers

BEFM013 Investment Instruments (Term-1) – Rajesh Tharyn

To be confirmed

CFA curriculum set plus:

Reilly, F.K., and K. C. Brown Investment Analysis and Portfolio Management, 9th edition, (Dryden, 2008)

+ selected articles and papers.

BEFM014 Investment Research Methods 2 – Jamie Stevenson

CFA Curriculum set plus:

Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle (AIMR, 2001)

The Analysis and Use of Financial Statements, 2nd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried (Wiley, 1998)

+ selected articles and papers

BEFM015 Portfolio Management & Asset Allocation – Dr Zhenxu Tong

CFA Curriculum set plus:

Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., AIMR, Addison Wesley

Additional reading:

Reilly, F.K., and K.C. Brown, 2006, Investment Analysis and Portfolio Management, 8th ed., Thomson South-Western

Hull, J.C., 2003, Options, Futures, and Other Derivatives, 5th ed., Prentice Hall

Fixed Income Analysis for the Chartered Financial Analyst Program, Frank J. Fabozzi (Frank J. Fabozzi Associates, 2000)

Standards of Practice Handbook, 8th edition (AIMR, 1999), Standards of Practice Casebook (AIMR, 1996)

BEFM016 Equity Valuation Models & Issues – Prof Alan Gregory

CFA curriculum set plus:

Required reading:Alan Gregory, Strategic Valuation of Companies, 2nd Edition., Financial Times

K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st edition), text only; Cengage Learning Business Press.

Additional reading:T Copeland, T Koller, J Murrin, McKinsey & Co Inc, 2005, Valuation-Measuring and Managing Value of Companies, 4th ed., Wiley

John D. Stowe, Thomas R. Robinson, Jerald E. Pinto, Dennis W. McLeavey, Analysis of Equity Investments: Valuation (Hardcover), Aug 2002, AIMR

BEFM017 Credit Instruments & Derivatives – Dr Stanley Gyoshev

CFA Curriculum set plus:

Required texts:Don M. Chance, Analysis of Derivatives for the CFA® Program, 2003

Frank J. Fabozzi, Fixed Income Analysis for the CFA® Program, 2007

Additional reading:Hull, J., 2000, Options, Futures and other derivatives, 3rd ed., Prentice Hall

Kolb, R. W., 2002, Futures, Options and Swaps, 3rd ed., Blackwell Business

Chance, D., 1997, Introduction to Derivatives, Thomson Learning

Wilmott, P., 2001, Paul Wilmott Introduces Quantitative Finance, 2nd edition, John Wiley

Wilmott, P., S. Howison and J. Dewynne, 1995, The Mathematics of Financial Derivatives: a Student Introduction, CambridgeUniversity Press

Clewlow, L. and C. Strickland, 1998, Implementing derivative models, John Wiley

Haug , Espen Gaarder, 2007, Derivatives: Models on Models, John Wiley & Sons

Taleb , Nassim Nicholas, 1997, Taleb on Risk: Dynamic Hedging, John Wiley & Sons

Taleb , Nassim Nicholas, 2001, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Penguin

Taleb , Nassim Nicholas, 2007, The Black Swan: The Impact of the Highly Improbable, John Wiley & Sons

Das, Satyajit, 2006, Traders, Guns and Money: Knowns and Unknowns in the Dazzling World of Derivatives, Financial Times/ Prentice Hall

Partnoy, Frank, 1998, FIASCO: Blood In the Water on Wall Street: Guns, Booze and Bloodlust - The Truth About High Finance, Profile Business

Osband, Kent, 2001, Iceberg Risk: An Adventure in Portfolio Theory: An Adventure in Portolio Theory, Texere Publishing,US

Lowenstein, Roger, 2002, When Genius Failed: The Rise and Fall of Long Term Capital Management, Fourth Estate

Bernstein, Peter L., 1998, Against the Gods: The Remarkable Story of Risk, John Wiley & Sons

BEMM102 International Business (Term-1) – Julie Whittaker

Hill, Charles W. L. (2009), Global Business Today 6th ed. Boston, Mass.: Irwin/McGraw-Hill.

BEMM103 Advanced Marketing Seminars (Terms 1&2) – Lindsay Stringfellow

Research papers provided by speakers

BEMM107 Crisis, Change and Creativity in Organisations – Majella O’Leary

A full reading pack is supplied to students for this module.

BEMM108 Entrepreneurship: New Venture Development –Prof Marc Cowlin and Dr Alan Benson

To be confirmed

There is no set book for the NVD module nor is their any specific pre-reading required before the course. However, students are strongly encouraged to look at one or more of the following comprehensive texts at some stage as a backup source of reference during the course:

Paul Burns 2007. Entrepreneurship and Small Business 2nd ed. Palgrave.
Timmons and Stephen Spinelli 2007 New Venture Creation: Entrepreneurship in the 21st Century
David Stokes and Nicholas Wilson 2006. Small Business Management & Entrepreneurship 5th ed. Thomson

Also students are strongly advised to read both The Economist and the business sections of a quality broadsheet newspaper regularly to keep abreast of contemporary business activity. During the course, extensive materials will be put on the WebCT at Exeter. Professor Murray will also use and cite several academic papers from journals including Small Business Economics, Journal of Business Venturing, Entrepreneurship Theory and Practice, Strategic Entrepreneurship Journal.