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2011

New Student Textbook Catalogue

Economics, Finance & Accounting

wiley.com/go/highereducation

Economics, Finance & Accounting Contents Accounting Principles of Accounting . . . . . . . . . . . . . . . . . . . . . . . . . 3 Financial Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Fraud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Managerial Accounting . . . . . . . . . . . . . . . . . . . . . . . . . 13 International Accounting . . . . . . . . . . . . . . . . . . . . . . . 17 Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . 18 Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Accounting Information Systems . . . . . . . . . . . . . . . . . 23

Finance Introduction to Finance . . . . . . . . . . . . . . . . . . . . . . . . . 25 Behavioural Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Financial Statement Analysis . . . . . . . . . . . . . . . . . . . . 27 Banking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Corporate Finance/Financial Management . . . . . . . . . . 29

Experience the difference! WileyPLUS combines the complete, dynamic online text with all of the teaching, testing and learning resources instructors and students need, in one easy-to-use system. WileyPLUS is available with many of Wiley’s market-leading text books denoted throughout this catalogue with the WileyPLUS symbol.

International Financial Management . . . . . . . . . . . . . . 32 Islamic Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

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Financial Markets & Investments . . . . . . . . . . . . . . . . . 36

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Quantitative Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

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All of the course resources in one place

Fixed Income Securities . . . . . . . . . . . . . . . . . . . . . . . . . 45

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Teaching resources to use in class

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Learning resources to fit every learning style

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Risk Management & Modelling . . . . . . . . . . . . . . . . . . . 46

Economics Introductory Economics . . . . . . . . . . . . . . . . . . . . . . . . 48 Macroeconomics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Microeconomics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Managerial Economics . . . . . . . . . . . . . . . . . . . . . . . . . 55 Financial Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Personnel Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . 57

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Economics of Strategy . . . . . . . . . . . . . . . . . . . . . . . . . 58 Industrial Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 International Economics . . . . . . . . . . . . . . . . . . . . . . . . 61 Environmental Economics . . . . . . . . . . . . . . . . . . . . . . . 63 Health Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Econometrics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 Maths/Quantitative Methods . . . . . . . . . . . . . . . . . . . . 74 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77

All prices correct at the time of going to press.

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PRINCIPLES OF ACCOUNTING

Accounting

Accounting

2nd Edition

Tools for Business Decision Making

MICHAEL JONES, University of Bristol, UK Accounting 2e provides a very accessible and easy-to-follow introduction to accounting. It is intended as a core textbook for students studying accounting for the first time: either those following an undergraduate degree in a business school, or non-business studies students studying an accounting course. This includes students on both accounting and non-accounting degrees and also MBA students. It provides a self-contained, introductory, one-year course covering the major aspects of accounting. Contents: Introduction to Accounting; Section A: Financial Accounting; The Techniques; The Accounting Background; Recording: Double Entry Bookkeeping; Main Financial Statements: The P&L Account; Main Financial Statements: The Balance Sheet; Preparing the Financial Statements; Partnerships and Limited Companies; Main Financial Statements: The Cash Flow Statement; Interpretation of Accounts; Section B: Financial Accounting: The Context; Regulatory and Conceptual Frameworks; Measurement Systems; The Annual Report; Creative Accounting; International Accounting; Section C: Management Accounting: Introduction to Management Accounting; Costing; Planning & Control: Budgeting; Planning & Control: Standard Costing; Short-Term Decision Making; Strategic Management Accounting; Long-Term Decision Making: Capital Investment Appraisal; The Management of Working Capital and Sources of Finance; Further Reading; Glossary of Key Accounting Terms; Appendix: Answers; Index.

4th Edition PAUL D. KIMMEL, University of Wisconsin, Milwaukee, JERRY WEYGANDT, University of Wisconsin, Madison and DONALD KIESO, Northern Illinois University Kimmel Accounting 4e, helps students hit the road with a practical set of tools, and the confidence they need to use those tools effectively with its conceptual, decision-making approach. The authors have taken a new “macro- to micro-” approach to the Principles course by starting with a discussion of real financial statements first, in order to establish how it communicates the financing, investing, and operating activities of a business to users of accounting information. They motivate and engage students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future career.

Accounting Principles 10th Edition JERRY J. WEYGANDT, University of Wisconsin, Madison, PAUL D. KIMMEL, University of Wisconsin, Milwaukee, and DONALD E. KIESO, Northern Illinois University Weygandt’s Accounting Principles introduces challenging accounting concepts with examples that are familiar to accountants. The new edition has been updated with the latest IFRS/IASB standards. Additional coverage is included on foreign currency translation and LCM. More discussions focus on risk management as a result of the financial crisis. The examples also emphasize current examples in order to help accountants make the connection to their everyday lives.

Resources: WileyPLUS – an online course management system including the full online text, Instructor’s Resources including additional Q&A’s and PowerPoint Slides, Students Resources including webbased Q&A’s and multiple choice quizzes.

Resources: WileyPLUS, Working Papers, Solutions Manual, Test Bank, Instructor’s Manual, PowerPoint Slides.

Contents: Accounting in Action; The Recording Process; Adjusting the Accounts; Completing the Accounting Cycle; Accounting for Merchandising Operations; Inventories; Accounting Information Systems; Fraud, Internal Control, and Cash; Accounting for Receivables; Plant Assets, Natural Resources, and Intangible Assets; Current Liabilities and Payroll Accounting; Accounting for Partnerships; Corporations: Organization and Capital Stock Transactions; Corporations: Dividends, Retained Earnings, and Income Reporting; Long-Term Liabilities; Investments; Statement of Cash Flows; Financial Statement Analysis; Managerial Accounting; Job Order Costing; Process Costing; Cost-Volume-Profit; Budgetary Planning; Budgetary Control and Responsibility Accounting; Standard Costs and Balanced Scorecard; Incremental Analysis and Capital Budgeting; Appendices: Specimen Financial Statements: PepsiCo, Inc; Specimen Financial Statements: The Coca-Cola Company, Inc; Present-Value Concepts; Using Financial Calculators; Standards of Ethical Conduct for Management Accountants.

9780470017791 • 714pp • 2006 • Pbk £38.99/€46.80

9780470534786 • 1360pp • Spring 2011 • Hbk £59.99/€72.00

9780470646465 • 1300pp • 2011 • Pbk £59.99/€72.00

Contents: Introduction to Financial Statements; A Further Look at Financial Statements; The Accounting Information System; Accrual Accounting Concepts; Merchandising Operations and the Multiple-Step Income Statement; Reporting and Analyzing Inventory; Internal Control and Cash; Reporting and Analyzing Receivables; Reporting and Analyzing Long-Lived Assets; Reporting and Analyzing Liabilities; Reporting and Analyzing Stockholders’ Equity; Statement of Cash Flows; Performance Measurement; Managerial Accounting; Job Order Costing; Process Costing; Activity-Based Costing; Cost-Volume-Profit; Variable Costing: A Decision-Making Perspective; Budgetary Planning; Budgetary Control and Responsibility Accounting; Standard Costs and Balanced Scorecard; Incremental Analysis and Capital Budgeting.

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PRINCIPLES OF ACCOUNTING

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Accounting Ethics 2nd Edition RONALD DUSKA, BRENDA DUSKA and JULIE RAGATZ This new edition of Accounting Ethics has been comprehensively updated to deal with the rapid changes in standards and regulations which have occurred within the accounting profession since 2002. The authors systematically explore the new range of ethical issues which have emerged in recent years, including the significant impact on approaches to ethical problems which resulted from the Sarbanes-Oxley Act, the financial crisis of 2008, and the move to replace GAAP with the International Financial Reporting Standards (IFRS). The book begins by investigating the nature and purpose of accounting and follows with a brief study of the nature and use of ethical principles in determining accountants’ responsibilities; it examines the ethical imperatives that bind professionals and the specific principles and rules that various accounting codes dictate. Next, the book explores the major types of practices in which accountants engage – auditing, managerial accounting, and tax accounting – and the responsibilities associated with those practices. The new topics are addressed in a section which highlights the debates over the use of fair-value accounting and principlesversus rules-based standards. • Offers a comprehensive overview of ethics in accounting, as well as an examination of and recommendations for solving some of the current crises in this field. • Investigates the nature and purpose of accounting.

International International GAAP® 2011 GAAP Ernst & Y Ernst Young oung o The latest most T he lat est and mo st comprehensive c omprehensive guidance guidanc e tto o IFRS 978-0-470-97606-7 ‡4000 pages 2 Volume Set ‡ January 2011 ‡£1 135 135

SPECIAL £60 SPECIAL STUDENT S TUDENT PRICE E AVAILABLE A VA V AILABLE AILABLE Ple ase contact contact us for for Please de tails at details

igaap@wiley igaap@wiley.com igaap@wile y.c com om m Also a Also available vail online To access a FREE DEMO of th fully searchable online edition and for further information please visit www.wileyigaap.com or email igaap@wiley.com

• Uses concrete examples and case studies, including current situations.

9781405196130 • 320pp • February 2011 Pbk • £19.99/€24.00

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• Examines the ethical responsibilities of individual accountants as well as accounting firms.

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FINANCIAL ACCOUNTING

Financial Reporting and Analysis JOHN DUNN, University of Strathclyde

A new student-oriented intermediate level textbook on the fundamentals and application of financial reporting regulations…

Breaking away from the tradition of dealing with the technicalities of the regulation of financial reporting in a relatively unchallenging and uncritical way, Financial Reporting and Analysis focuses on the reasoning behind the rules. Affording sufficient detail on the application of standards to enable the reader to appreciate the effects of the rules, the logic behind them is portrayed in terms of the reasoning and history behind their development, giving students a more informed insight.

Also Available:

• Explains the meaning behind the rules of financial reporting, as opposed to just the implementation of these rules. • International perspective in line with real business activities. • The combination of sufficient practical coverage with an approachable scholarly framework will appeal to both students and lecturers.

Financial Reporting and Corporate Governance, by Thomas Lee - 9780470026816 Accounting Ethics, 2nd Edition, by Ronald Duska 9781405196130

• Website containing solutions to questions in the text, as well as additional questions and solutions. Contents: Published Accounts; Overview of Regulation; Form and Context of an Annual Report; Academic Research and Reporting Regulation; The Conceptual Framework; Reporting Earnings and Earnings Quality; Reporting Tax, Accounting for Property, Plant and Equipment; Accounting for Intangibles; Accounting for Inventory; Accounting for Liabilities; Introduction to Consolidation; The Mechanics of Regulation; In Summary. Readership: Second year undergraduates on accounting degrees studying financial accounting and financial reporting. Supplements: A Lecturer Companion Website will be available containing PowerPoint Slides, additional questions and solutions to end of chapter questions.

9780470695036 448pp 2010 Pbk £34.99/€42.00

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FINANCIAL ACCOUNTING

Financial Accounting A Global Perspective ROD MONGER, American University in Dubai Financial Accounting: A Global Perspective has been written for students taking an introductory course in financial accounting and is one of the first texts to fully incorporate the International Financial Reporting Standards (IFRS), whilst acknowledging the plethora of other standards used worldwide today. Students will find this text offers a very clear pedagogical framework with sound learning outcomes. Each chapter is structured around a rich source of learning tools, including: • On Your Own – short practice questions at the start of each chapter. • Graphic illustrations – used wherever visual learning can help. • Application Exercises and Problems and Terminology Practice quizzes – at the end of each chapter. • Case Analyses – all chapters use case material to extend and enrich learning. Contents: The Financial Accounting Reporting System; Accounting Standards and Ethics; The Financial Statements; The Accounting Process; Accrual and Closing; Accounting Information Systems; NonFinancial Assets; Financial Assets and Liabilities; Equity; Equity Changes; Cash Flows; Comparability and Consistency; Assurance Systems. Resources: Instructor Manual, Sample Syllabi, Complete set of class templates including lecture notes, problems and solutions to work in class, Solutions to problem sets, Test Bank, Sample quizzes, exams and final exams, Additional test bank, Grading templates, PowerPoint slides, Worked examples with audio, Self Test Quizzes, Online Glossary, Weblinks, Example Annual Reports.

Applying International Financial Reporting Standards 2nd Edition KEITH ALFREDSON, Consultant, RUTH PICKER, Ernst & Young, JANICE LOFTUS, University of Sydney, KERRY CLARK, Ernst & Young, VICTORIA WISE, University of Tasmania and MATT DYKI, The University of Queensland Applying International Financial Reporting Standards 2nd edition has been thoroughly updated to reflect the varied and numerous changes with the International Financial Reporting Standards (IFRS). The expert knowledge and authoritative explanations of the author team has resulted in the textbook being extensively referenced by both professional and academics in countries that have either adopted, or intend to adopt international accounting standards. • Contains four NEW chapters – IFRS 6 Exploration for and Evaluation of Mineral Resources, IAS 18 Revenue, IAS 19 Employee benefits and IAS 41 Agriculture. • Updated to include changes to IFRS 3, IAS 1, IAS 14, IAS 27, IAS 39.

Resources: Solution Manual, PowerPoint with video and ‘layered’ information, and Testbank. 9780470819678 • 1300pp • 2009 • Pbk £39.99/€48.00

Financial Reporting under IFRS A Topic Based Approach for Students WOLFGANG DICK, ESSEC Business School, Paris, France and FRANCK MISSONIER-PIERA, EM Lyon Business School, Lyon, France Financial Reporting under IFRS is a practical text on financial accounting and reporting that offers a global perspective on IFRS. It presents the rationale and principles prescribed throughout the IAS/IFRS, including numerous examples from large international companies, and develops fundamental skills necessary to read and use the information contained in all financial statements. The first part of the book presents the structure of the balance sheet and income statement, their links, and the accounting mechanisms to prepare them. The second part analyzes how balance sheet items are identified evaluated, and then reported. The book concludes by examining the use of financial statements-the analysis of the firm’s performance and its risks. • Unique approach: takes a concise topicbased approach, giving precise and clear explanation of the principles of IFRS presented in as many different circumstances as possible. • International Examples: richly illustrated by cases and examples of reporting using IFRS from major global company accounts including AstraZeneca, BP, British Airways, Renault, Unilever and Vodafone. Contents: Financial Statements and Accounting Mechanisms; Income from Ordinary Activities; Current Assets; Nonfinancial Liabilities; Non-current Assets; Financing; Taxation; Group Accounts; Financial Analysis and Communication; The IASB and Development of the IFRS; Index. 9780470688311 • 360pp • 2010 • Pbk £39.99/€48.00

9780470518403 • 808pp • 2009 • Pbk £39.99/€48.00

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FINANCIAL ACCOUNTING

Intermediate Accounting

Intermediate Accounting

Financial Accounting

13th Edition

International Financial Reporting Standards Edition

Tools for Business Decision Making

DONALD E. KIESO, JERRY J. WEYGANDT and TERRY D. WARFIELD

6th Edition

DONALD E. KIESO, JERRY J. WEYGANDT and TERRY D. WARFIELD Through thirty years and twelve bestselling editions, the text has built a reputation for accuracy, comprehensiveness, and student success. The Thirteenth Edition maintains the qualities for which the text is globally recognized, and continues to be your students’ gateway to the profession! • NEW IFRS content: This new edition includes a Convergence Corner feature that teaches students how international financial reporting standards apply to each chapter topic. In addition, instructors and students will benefit from the new end-of-chapter content specifically related to IFRS. Contents: Financial Accounting and Accounting Standards; Conceptual Framework Underlying Financial Accounting; The Accounting Information System; Income Statement and Related Information; Balance Sheet and Statement of Cash Flows; Accounting and the Time Value of Money; Cash and Receivables; Valuation of Inventories: A Cost-Basis Approach Inventories: Additional Valuation Issues; Acquisition and Disposition of Property, Plant, and Equipment; Depreciation, Impairments, and Depletion; Intangible Assets; Current Liabilities and Contingencies; Long-Term Liabilities; Stockholders’ Equity; Dilutive Securities and Earnings Per Share; Investments; Revenue Recognition; Accounting for Income Taxes; Accounting for Pensions and Postretirement Benefits; Accounting for Leases; Accounting Changes and Error Analysis; Statement of Cash Flows; Full Disclosure in Financial Reporting. Supplements: Numerous ancilliaries are available to lecturers and students online. 9780470418918 • 1400pp • 2010 • Pbk £65.99/€79.20

Following the reputation for accuracy, comprehensiveness and currency, the authors have painstakingly created a book dedicated to assisting students learning intermediate accounting topics under the rules of IFRS. • New focus on international companies examples and currencies. • Authoritative literature references (IASB/IFRS) – considers the key authoritative literature under IFRS as students become more familiar with the original sources. • Marks & Spencer (GBR), Cadbury (GBR), and Nestlé (CHE) Annual Reports & Financial Reporting Problems offer students opportunities to apply their knowledge of accounting and IFRS to real-life international companies. Contents: Financial Accounting and Accounting Standards; Conceptual Framework for Financial Reporting; The Accounting Information System; Income Statement and Related Information; Statement of Financial Position and Statement of Cash Flows; Accounting and the Time Value of Money; Cash and Receivables; Valuation of Inventories: A Cost-Basis Approach; Inventories: Additional Valuation Issues; Acquisition and Disposition of Property, Plant, and Equipment; Depreciation, Impairments, and Depletion; Intangible Assets; Current Liabilities, Provisions, and Contingencies; Non-Current Liabilities. Supplements: Numerous ancilliaries are available to lecturers and students online. 9780470873991 • 1472pp • 2010 • Hbk 2 Volume Set • £65.99/€79.20 9780470616307 • 784pp • 2010 • Hbk Volume 1 • £40.99/€49.20 9780470616314 • 688pp • 2010 • Hbk Volume 2 • £40.99/€49.20

PAUL D. KIMMEL, University of Wisconsin, Milwaukee, JERRY J. WEYGANDT, University of Wisconsin, Madison and DONALD E. KIESO, Northern Illinois University Financial Accounting, 6th Edition provides students with an understanding of the fundamental concepts necessary to use accounting effectively today, as well as introducing them to IFRS and how they will use accounting in the future. Starting with a “macro” view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Contents: Introduction to Financial Statements; A Further Look at Financial Statements; The Accounting Information System; Accrual Accounting Concepts; Merchandising Operations and the Multiple-Step Income Statement; Reporting and Analyzing Inventory; Fraud, Internal Control and Cash; Reporting and Analyzing Receivables; Reporting and Analyzing Long-Lived Assets; Reporting and Analyzing Liabilities; Reporting and Analyzing Stockholders’ Equity; Statement of Cash Flows; Financial Analysis: The Big Picture; Appendices: Tootsie Roll; Hershey Foods; Zytar, Plc; Time Value of Money. Resources: Beacon Lumber Practice Set; Computerized Test Bank; Excel Working Papers; General Ledger Software CD; Instructor’s Manual; Online Continuing Cookie Chronicle; Online Excel Primer and Templates; Online Exercise Set B/Problem Set C; PowerPoint; Solutions Manual; Solutions Transparencies; Study Guide; Teaching Transparencies; Test Bank; WileyPLUS. 9780470646458 • 850pp • Spring 2011 • Pbk £56.99/€68.40

For general enquiries, please email: highereducation@wiley.com

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FINANCIAL ACCOUNTING

Advanced Accounting

Intermediate Accounting

4th Edition

Principles and Analysis

DEBRA C. JETER and PAUL K. CHANEY, both of Vanderbilt University

2nd Edition

Reflective of the current state of the international accounting landscape, this new edition discusses the upcoming globalization of accounting standards with frequent references to the FASB’s new Codification system and with a “compare and contrast” method for explaining the differences between U.S. GAAP and IFRS. Contents: Accounting For Mergers, Acquisitions, And Liquidations: Introduction to Business Combinations and the Conceptual Framework; Accounting for Business Combinations; Consolidated Financial Statements – Date of Acquisition; Consolidated Financial Statements after Acquisition; Allocation and Depreciation of Differences Between Implied and Book Values; Elimination of Unrealized Profit on Intercompany Sales of Inventory; Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment; Changes in Ownership Interest; Intercompany Bond Holdings and Miscellaneous Topics – Consolidated Financial Statements; Insolvency – Liquidation and Reorganization; Accounting In The International Marketplace: International Accounting and the Global Economy; Accounting for Foreign Currency Transactions and Hedging; Foreign Exchange Risk; Translation of Financial Statements of Foreign Affiliates; Reporting for Segments and for Interim Financial Periods; Partnership Accounting: Partnerships: Formation, Operation, and Ownership Changes; Fund And Nonprofit Accounting: Partnership Liquidation; Introduction to Fund Accounting; Introduction to Accounting for State and Local Governmental Units; Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, Hospitals and Other Health Care; Organizations. 9780470553084 • 800pp • 2010 • Pbk £49.99/€60.00

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TERRY WARFIELD and JERRY WEYGANDT, both of University of Wisconsin-Madison and DONALD KIESO, Northern Illinois University Now readers can get all the accuracy and authority of the best-selling intermediate accounting book in the new second edition of this brief, streamlined version! Intermediate Accounting presents a balanced discussion of concepts and applications, explaining the rationale behind business transactions before addressing the accounting and reporting for those activities. Readers will gain a solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more. Contents: Financial Accounting and Accounting Standards; Conceptual Framework Underlying Financial Accounting; The Accounting Information System; Balance Sheet; Income Statement; Statement of Cash Flows; Revenue Recognition; Cash and Receivables; Accounting for Inventories; Accounting for Property, Plant, and Equipment; Intangible Assets; Accounting for Liabilities; Stockholders’ Equity; Investments; Accounting for Income Taxes; Accounting for Compensation; Accounting for Leases; Other Reporting Issues. Resources: A number of ancillaries are available online. 9780471737933 • 1088pp • 2008 • Hbk Price on request

IFRS Primer International GAAP Basics IRENE M. WIECEK, University of Toronto and NICOLA M. YOUNG, Saint Mary’s University This book serves as a roadmap to provide guidance through the period of transition from GAAP to IFRS for both students and instructors. Contents: Introduction and IAS Framework; Presentation of Financial Statements: IAS 1; Statement of Cash Flows: IAS 7; Non-current Assets Held for Sale and Discontinued Operations: IFRS 5; Provisions, Contingent Liabilities and Contingent Assets: IAS 37; Revenue: IAS 18; Inventories: IAS 2; Construction Contracts: IAS 11; Agriculture: IAS 41; Property, Plant and Equipment: IAS 16; Investment Property: IAS 40; Exploration for and Evaluation of Mineral Resources: IFRS 6; Borrowing Costs: IAS 23; Accounting for Government Grants and Disclosure of Government Assistance: IAS 20; Intangible Assets: IAS 38; Impairment of Assets: IAS 36; Basic Financial Instruments: IAS 32, IAS 39, and IFRS 7; Financial Instruments – Recognition and Measurement: IAS 39; Financial Instruments – Presentation: IAS 32; Financial Instruments – Disclosure: IFRS 7; Accounting Policies, Changes in Accounting Estimates and Errors: IAS 8; Events After the Reporting Period: IAS 10; Income Taxes: IAS 12; Leases: IAS 17; Employee Benefits: IAS 19; Related Party Disclosures: IAS 24; Earnings per Share: IAS 33; Interim Financial Reporting: IAS 34; Share-based Payment: IFRS 2; Investments in Associates: IAS 28; Business Combinations: IFRS 3; Consolidated and Separate Financial Statements: IAS 27; Interests in Joint Ventures: IAS 31; Operating Segments: IFRS 8; The Effects of Changes in Foreign Exchange Rates: IAS 21; Specialized Industries and Hyperinflation: IFRS 4, IAS 26, IAS 29; First-time Adoption of International Financial Reporting Standards: IFRS 1. 9780470483176 • 384pp • 2009 • Pbk £29.99/€36.00

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FINANCIAL ACCOUNTING

an’t You Y ou o c can’t af ford tto o be afford out o e… off dat date…

Financial Accounting

Financial Accounting

MICHAEL JONES, University of Bristol, UK

IFRS Edition

Financial Accounting provides a very accessible and easy-to-follow introduction to the subject. It is intended as a core text for students studying financial accounting for the first time: either those following an undergraduate degree in a business school, or non-business studies students studying a financial accounting course. This includes students on both accounting and non-accounting degrees and also MBA students. Contents: Introduction to Accounting; The Accounting Background; Recording Double-Entry Bookkeeping; Main Financial Statements: The Profit and Loss Account (Income Statement); Main Financial Statements: The Balance Sheet; Preparing the Financial Statements; Partnerships and Limited Companies; Main Financial Statements: The Cash Flow Statement; Interpretation of Accounts; Regulatory and Conceptual Frameworks; Measurement System; The Annual Report; Creative Accounting; International Accounting; The Management of Working Capital and Sources of Finance. Resources: WileyPLUS – an online course management system including the full online text, Instructor’s Resources including additional Q&A’s and PowerPoint Slides. Students Resources including web-based Q&A’s and multiple choice quizzes. 9780470058985 • 500pp • 2006 • Pbk £35.99/€43.20

JERRY WEYGANDT, University of Wisconsin-Madison, PAUL KIMMEL, University of Wisconsin-Milwaukee and DONALD KIESO, Northern Illinois University For colleges and universities around the world, John Wiley & Sons is proud to announce Financial Accounting: IFRS Edition, by Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso, which incorporates International Financial Reporting Standards (IFRS) into the existing textbook framework. On almost every page, the book addresses every accounting topic from the perspective. Following the reputation for accuracy, comprehensiveness, and currency, the authors have painstakingly created a book dedicated to assisting students learning accounting topics under the rules of IFRS. Contents: Accounting in Action; The Recording Process; Adjusting the Accounts; Completing the Accounting Cycle; Accounting for Merchandising Operations; Inventories; Fraud, Internal Control, and Cash; Accounting for Receivables; Plant Assets, Natural Resources, and Intangible Assets 386; Liabilities; Corporations: Organizations, Share Transactions, Dividends, and Retained Earnings 494; Investments; Statement of Cash Flows; Financial Statement Analysis; APPENDICES: Specimen Financial Statements: Cadbury; Specimen Financial Statements: Nestlé; Time Value of Money; Payroll Accounting; Subsidiary Ledgers and Special Journals; Other Significant Liabilities.

Ernst & Y Ernst Young oung o The latest most T he lat est and mo st comprehensive c omprehensive guidance guidanc e tto o IFRS 978-0-470-97606-7 ‡4000 pages 2 Volume Set ‡ January 2011 ‡£1 135 135

SPECIAL £60 SPECIAL STUDENT S TUDENT PRICE E AVAILABLE A VA V AILABLE AILABLE Please contact contact us for for Please details at details

igaap@wiley igaap@wiley.com igaap@wile y.c com om m Also Also a available vail online To access a FREE DEMO of th fully searchable online edition and for further information please visit www.wileyigaap.com or email igaap@wiley.com

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9780470552001 • 848pp • 2010 • Hbk £50.99/€61.20

International International GAAP® 2011 GAAP

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FINANCIAL ACCOUNTING

Financial Accounting A Focus on Fundamentals

Financial Accounting Theory and Analysis

Financial Accounting in an Economic Context

6th Edition

Text and Cases

8th Edition

JERRY WEYGANDT, University of Wisconsin-Madison, PAUL KIMMEL, University of Wisconsin-Milwaukee and DONALD KIESO, Northern Illinois University

10th Edition

JAMIE PRATT, Indiana University

RICHARD G. SCHROEDER, MYRTLE W. CLARK and JACK M. CATHEY

Fully updated and revised to include IFRS materials and problems, the eighth edition of Financial Accounting explores important accounting concepts from an economic perspective. By focusing on three elemental themes – economic factors, measurement issues, and decisionmaking perspective – Jamie Pratt’s text provides a clear understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event. This takes an integrative look at accounting and finance by considering the impact of economics, internal controls, international standard, ethics, decision-making, and earnings management. A complete financial picture can be drawn using the tools presented in this text.

Make the connection between accounting and business with this completely updated edition. In the new sixth edition, readers will be able to clearly see the relevance of accounting in their everyday lives. The authors introduce challenging accounting concepts with examples that are familiar to everyone, which helps build motivation to learn the material. The book continues its tradition of preparing readers by providing thorough and accurate coverage of the necessary accounting techniques and concepts. Accounting issues are also placed within the context of marketing, management, IT, and finance to illustrate the relevance of accounting in the business world. This edition includes an IFRS appendix. Contents: Accounting in Action; The Recording Process; Adjusting the Accounts; Completing the Accounting Cycle; Accounting for Merchandising Operations; Inventories; Accounting Principles; Internal Control and Cash; Accounting for Receivables; Plant Assets, Natural resources, and Intangible Assets; Liabilities; Corporations: Organizations, Stock Transactions, Dividends, and Retained Earnings; Investments; Statement of Cash Flows; Financial Statement Analysis; Appendices: Specimen Financial Statements: PepsiCo, Inc; Specimen Financial Statements: The Coca-Cola Company, Inc; Payroll Accounting; Subsidiary Ledgers and Special Journals; Other Significant Liabilities. 9780470623275 • 976pp • 2010 • Pbk £56.99/€68.40

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The authors have updated, refocused, and revised the 10th edition of Financial Accounting Theory and Analysis to provide students and professionals with the theoretical background they need to keep up with Convergence issues and succeed in today’s increasingly global economy. Edition after edition, they focus on showing readers how accounting standards directly affect daily decision making on the job and give them the tools they need to best utilise the power of the Internet in their profession. The unique “Solving the FARS Cases with the FASB Codification” supplement prepares users to succeed on the new CPA exam and beyond. Contents: The Development of Accounting Theory; The Pursuit of the Conceptual Framework; International Accounting; Research Methodology and Theories on the Uses of Accounting Information; Income Concepts; Financial Statements I: The Income Statement; Financial Statements II: The Balance Sheet and the Statement of Cash Flows; Working Capital; Long-Term Assets I: Property, Plant and Equipment; Long-Term Assets II: Investments and Intangibles; Long-Term Liabilities; Accounting for Income Taxes; Leases; Pensions and Other Post-Retirement Benefits Equity; Accounting for Multiple Entities; Financial Reporting Disclosure Requirements and Ethical Responsibilities. Resources: Solutions Manual, Test Bank, Web Cases. 9780470646281 • 610pp • 2010 • Hbk £48.99/€58.80

Contents: Part 1: An Overview of Financial Accounting: Financial Accounting and its Economic Context; The Financial Statements; Part 2: Measurement, Mechanics, and Use of Financial Statements: The Measurement Fundamentals of Financial Accounting; The Mechanics of Financial Accounting; Using Financial Statement Information; Part 3: Assets: A Closer Look: The Current Asset Classification, Cash, and Accounts Receivable; Merchandise Inventory; Investments in Equity Securities; LongLived Assets; Part 4: Liabilities and Stockholder’s Equity: A Closer Look; Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies; Long-Term Liabilities: Notes, Bonds, and Leases; Stockholders’ Equity; Part 5: Income and Flows: The Complete Income Statement; The Statement of Cash Flows. 9780470646366 • 850pp • 2011 • Pbk £59.99/€72.00

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FINANCIAL ACCOUNTING

Accounting & Auditing Research Tools and Strategies

Government and Not-for-Profit Accounting

7th Edition

Concepts and Practices

Core Concepts of Government and Not-for-Profit Accounting

THOMAS R. WEIRICH, Central Michigan University, THOMAS C. PEARSON, University of Hawaii at Manoa and NATALIE TATIANA CHURYK, Northern Illinois University

5th Edition

2nd Edition

MICHAEL GRANOF, University of Texas

MICHAEL GRANOF, University of Texas and PENELOPE S. WARDLAW

In response to the dramatic changes altering the current accounting and auditing landscape, understanding how to perform accounting, auditing, tax, and business research is becoming more important. Students and professional staff need practice to apply knowledge of research to problems in order to develop effective skills in research and analysis. Accounting & Auditing Research: Tools & Strategies, Seventh Edition has versatile usage in various areas of the accounting curriculum, including Intermediate Accounting, Government and Non-Profit Accounting, Tax, Advanced Accounting, and Accounting Theory. This text also provides the information, insights, and research opportunities for a separate accounting and auditing research course. • New chapters on international accounting, the financial accounting environment including the FASB Codification System, and various online databases. Contents: Introduction to Professional Research; Critical Thinking & Effective Writing Skills; The Environment of Accounting Research; Financial Accounting Research Tools; The Environment of International Research; Other Research Databases & Tools; Tax Research for Compliance & Tax Planning; Assurance Services & Auditing Research; Refining the Research Process; Fraud & Other Investigation Techniques. 9780470506974 • 222pp • 2009 • Pbk £50.50/€60.00

Granof’s Fifth Edition is revised and updated with a new expanded TOC and added emphasis on real world applications. The text contains the latest GASB pronouncements, aiming to make students aware of the dynamism of government and not-for-profit accounting and of the intellectual challenges that it presents. • New suppplements that include updated PowerPoints in multiple versions and improved and expanded test bank and online quizzes. • Numerous examples CAFR references. • New separate chapters on health care organizations and colleges and universities. • New examples throughout the text. Contents: The Government and Not-forProfit Environment; Fund Accounting; Issues of Budgeting and Control; Recognizing Revenues in Governmental Funds; Recognizing Expenditures in Governmental Funds; Accounting for Capital Projects and Debt Service; Capital Assets and Investments in Marketable Securities; Long-Term Obligations; Business-Type Activities; Fiduciary Funds and Permanent Funds; Issues of Reporting, Disclosure, and Financial Analysis; Not-forProfit Organizations; Colleges and Universities; Health Care Providers; Managing for Results; Auditing Governments and Not-for-Profit Organizations; Federal Government Accounting; Glossary; Value Tables; Index.

Building on the success of Government and Not-For-Profit Accounting, 2e, Michael Granof and Penelope Wardlow’s Core Concepts of Government and Not-ForProfit Accounting, 2nd Edition presents a concise, accessible, user-oriented look at the unique features of governmental and not-for-profit accounting. The text helps students understand the “why” of accounting requirements and how financial statements may be interpreted and used by a variety of interested parties, such as future managers, bond analysts, and members of legislatures and governing boards. Contents: The Government and Not-forProfit Environment; Fund Accounting; Government Financial Reporting; Governmental Activities – Revenues; Governmental Activities – Recognizing Expenditures and Expenses; Governmental Activities – Capital Projects and Debt Service; Government Activities – Capital Assets and Investments in Marketable Securities; Government Activities – Long Term Obligations; Business-Type Activities and Internal Services; Permanent Funds and Fiduciary Funds; Issues of Reporting and Disclosure; Not-For-Profit Organizations; Special Issues for Not-ForProfit Health Care Providers and Institutions of Higher Education; Auditing Governments and Not-For-Profit Organizations; Financial Analysis. 9780471737926 • 432pp • 2010 • Pbk Price on request

9780470390788 • 802pp • 2010 • Hbk Price on request

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FRAUD

Forensic Accounting and Fraud Examination

Principles of Fraud Examination

MARY-JO KRANACHER, York College, City University of New York, RICHARD RILEY, West Virginia University and JOSEPH T. WELLS, Association of Certified Fraud Examiners

JOSEPH WELLS, Association of Certified Fraud Examiners

Forensic Accounting and Fraud Examination provides comprehensive coverage of fraud detection and deterrence and includes the broader educational material of the forensic accounting field with all the necessary accompaniments. The text serves as a comprehensive and authoritative resource for teaching forensic accounting concepts and procedures that is also pedagogically ready for class room use. This easy to read, comprehensive textbook includes case study examples to clearly explain technical concepts and bring the material to life. Contents: Section I – Introduction to Fraud and Forensic Accounting; Core Foundation Related to Fraud and Forensic Accounting; Careers in Fraud and Forensic Accounting; Section II – Criminology, the Legal, Regulatory and Professional Environment and Ethics; Criminology; Effective interviewing and interrogation techniques; Legal, Regulatory and Professional Environment; Ethics; Section III – Fraud Schemes: Cash Asset Misappropriation; Inventory and Other Asset Misappropriation; Corruption; False Statements; Fraud and Forensic Accounting in a Digital Environment; Section IV – Forensic and Litigation Advisory Services: What are Forensic and Litigation Advisory Services?; Research and Analysis; Damages and Valuations; Appendices. Resources: PowerPoint Presentations, Instructor’s Manual, Test bank, Solutions Manual. 9780470437742 • 512pp • 2010 • Hbk Price on request

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3rd Edition

Accountants have historically had an important role in the detection and deterrence of fraud, however, as Joe Wells’ Principles of Fraud Examination 3e illustrates, fraud is much more than numbers. In short, books and records don’t commit fraud – people do. Fraud involves complex human behaviors such as greed and deception, factors that are difficult to identify and quantify. Widely embraced by fraud examination instructors across the country in its second edition, Principles of Fraud Examination 3e was written to provide a broad understanding of fraud – because understanding how fraud is committed is paramount to preventing and detecting it. The text begins by providing an understanding of fraud examination methodology, then presenting the schemes used by executives, managers and employees to commit fraud against their organisations. Contents: Introduction; Skimming; Cash Larceny; Billing Schemes; Check Tampering; Payroll Schemes; Expense Reimbursement Schemes; Register Disbursement Schemes; Noncash Assets; Corruption; Accounting Principles and Fraud; Fraudulent Financial Statement Schemes; Fraud Risk Assessment; Conducting Investigations and Writing Reports; Interviewing Witnesses; Occupational Fraud and Abuse: The Big Picture; Appendices: Commercial Online Services; Sample Code of Business Ethics and Conduct; Fraud Risk Assessment Tool. Resources: Solutions Manual, PowerPoint Presentation, Test Bank, Instructor’s Manual. 9780470646298 • 540pp • 2011 • Hbk Price on request

Creative Accounting, Fraud and International Accounting Scandals MICHAEL JONES, University of Bristol Business scandals are always with us from the South Sea Bubble to Enron and Parmalat. As accounting forms a central element of any business success or failure, the role of accounting is crucial in understanding business scandals. This book explores the role of accounting, particularly creative accounting and fraud, in business scandals. Contents: PART A: Introduction – Setting the Scene; The Creative Accounting and Fraud Environment; Motivations to Indulge in Creative Accounting and Fraud; Methods of Creative Accounting and Fraud; Evidence for Creative Accounting and Fraud; Impression Management; Taking the Long View: Accounting Scandals over Time; PART B: Accounting Scandals in Australia since the Late 1980s; Corporate Accounting Scandals in China; Accounting Scandals in Germany; Creative Accounting and Fraud in Greece; Corporate Creative Accounting in India: Extent and Consequences; Creative Accounting and Accounting Scandals in Italy; Creative Accounting and Accounting Scandals in Japan; Financial Accounting Scandals in the Netherlands; Creative Accounting and Financial Scandals in Spain; Accounting Scandals in Sweden – A Long Tradition; Creative Accounting – The UK Experience; Creative Accounting and Accounting Scandals in the USA; Bank Failures and Accounting During the Financial Crisis of 2008–2009; PART C: Identifying Some Themes; The Impact of Accounting Scandals and Creative Accounting; Conclusion – Looking Backwards and Forwards; Appendices; Index. 9780470057650 • 566pp • 2010 • Hbk Price on request

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MANAGERIAL ACCOUNTING

Management Accounting and Control Systems An Organizational and Sociological Approach 2nd Edition NORMAN B. MACINTOSH, Queen’s University and PAOLO QUATTRONE, IE Business School, Madrid

A new edition of a course-defining textbook with a new focus on sociological and organizational issues in management accounting and control systems.

Management Accounting and Control Systems, 2nd Edition covers conventional themes of accounting and contgrol but from a different perspetive, using insights from sociological theories to understand their nature, functioning as daily practice, and the effects they have on our work lives, organizations, economies and societies. The book offers a toolbox to equip readers with a different approach to view management accounting and control systems. Utilising various sociological theories such as from labour process approaches to structuration and actor-network theories, utilising works of authors such as Pierre Bourdieu, Bruno Latour and Michael Foucault, the book combines real life organizational examples with highly speculative sociological theories producing a mix which is accessible and manageable. • Includes a new chapter on MACS in networks and inter-organisational relationships. • Case studies have been adapted and a new case on the Jesuits has been added. • Adds new theoretical perspectives in order to make the text more in tune with current practices, teaching needs and academic developments. • Expansion of the perspectives from which MACS can be seen and developed. • New material is provided dealing with MACS role in relation to issues of governance and how recent scandals, such as Parmalat and Enron, can be seen as failures in terms of internal control. Contents: Part I An introduction to MACS: Issues, cases, and perspectives; Issues: Why management accounting and control systems? Cases: Building the empirical basis of the book; Perspectives: A toolbox to understand Management Accounting and Control Systems; Part II MACS: Nature, structures, and modes of control; MACS’ nature: information, power and control; MACS’ structures: market, hierarchies, and systemic controls; MACS’ structure and strategy; MACS modes of operation; Part III MACS in Action: Issues of change and information technology; MACS Change; MACS and information technology; Making sense of MACS practices; MACS, accountability, governance and ethical knowledge; References; Index. Readership: Advanced undergraduate and postgraduate courses in management accounting and control systems. Supplements: A Lecturer Companion Website will be available containing PowerPoint Slides and Case Teaching Notes.

9780470714478 378pp 2010 Pbk £34.99/€42.00

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MANAGERIAL ACCOUNTING

Accounting For Managers Interpreting Accounting Information for Decision-Making 3rd Edition DR. PAUL COLLIER, Monash University, Australia

A new edition of a successful textbook on how accounting information is used by non-financial managers.

This revised and updated third edition of Accounting for Managers builds on the success of the previous two editions in explaining how non-financial managers use accounting information. Accounting for Managers emphasises the interpretation rather than the construction of accounting information and encourages a critical, rather than unthinking acceptance of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations across a range of industries. • Revised and updated examples throughout the book. • Introduces three new chapters: Accounting for Inventory, Accounting Information Systems and Strategic Management Accounting. • Includes new sections on professional ethics, customer profitability analysis, CVP for multiple products and weighted contribution margin for breakeven analysis, accounting for waste, environmental accounting. • Expanded treatment of transfer pricing and budgeting sections. Contents: PART I Context of Accounting; Introduction to Accounting; Accounting and its Relationship to Shareholder Value and Corporate Governance; Recording Financial Transactions and the Principles of Accounting; Management Control, Management Accounting and its Rational-Economic Assumptions; Interpretive and Critical Perspectives on Accounting and Decision-Making; PART II The use of financial reports for decision-making: Constructing Financial Reports: IFRS and the Framework of Accounting; Interpreting Financial Reports and Alternative Perspectives; Accounting for Inventory; PART III Using Accounting Information for Decision-Making, Planning and Control; Accounting and Information Systems; Marketing Decisions; Operating Decisions; Human Resource Decisions; Accounting Decisions; Strategic Investment Decisions; Performance Evaluation of Business Units; Budgeting; Budgetary Control; Strategic Management Accounting; PART IV Supporting Information. Readership: Postgraduate and undergraduate students who are taking courses in accounting, as well as non-financial managers who need a better understanding of the role of accounting in their organisations. Supplements: A range of lecturer support materials will be available online. 9780470777640 552pp 2009 Pbk £35.99/€43.20

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MANAGERIAL ACCOUNTING

Managerial Accounting

Business Planning and Control

Managerial Accounting

4th Edition

Integrating Accounting, Strategy and People

RAM BALAKRISHNAN, KONDURU SIVARAMAKRISHNAN and GEOFF SPRINKLE

JERRY J. WEYGANDT, University of Wisconsin, Madison, DONALD E. KIESO, Northern Illinois University and PAUL D. KIMMEL, University of Wisconsin-Milwaukee With a framework in decision-making, Weygandt 4/e covers all the necessary techniques and concepts for a one semester, undergraduate managerial accounting course. Weygandt 4/e provides students with a pedagogy that helps them to build their decision-making skills and to understand how to use accounting information to make quality business decisions in whatever major or career they choose. Contents: Cost Concepts for Decision Makers; Basic Cost Concepts for Managers; Job Order Costing; Process Costing; Activity-Based Costing; DecisionMaking Concepts; Cost-Volume-Profit; Incremental Analysis; Variable Costing: A Decision-Making Perspective; Pricing; Planning and Control Concepts; Budgetary Planning; Budgetary Control and Responsibility Accounting; Standard Cost and Balanced Scorecard; Planning for Capital Investments; Performance Evaluation Concepts; The Statement of Cash Flows; Financial Statement Analysis: The Big Picture; Appendices. Resources: Online supplementary material is available to both the lecturer and student. 9780470234006 • 768pp • 2008 • Pbk £56.99/€68.40

BRUCE BOWHILL, Director of Postgraduate Accounting Programmes at Portsmouth Business School, UK Business Planning and Control: Integrating Accounting, Strategy and People starts with an introduction to core areas of management accounting and business planning. It then explores relationships between strategy, management accounting information, and the design of control systems, taking into account the needs of both people and organizations. Contents: Preface; Part 1: Information for Decision-Making and Financial Reporting Requirements: Cost Behaviour and Contribution; Pricing and Costing in a Competitive Environment; Further Decision-Making Problems; Capital Investment Decisions; Traditional Approaches to Full Costing; Activity-Based Costing; Part 2: Traditional Accounting Controls: Budgetary Control Systems; Preparing the Master Budget; Standard Costing and Manufacturing Methods; Control in Divisionalized Organizations; Control Using Accounting Ratios; Funding the Business; Part 3: Strategic Management: Objectives, Strategy and Influences; Strategic Analysis – The External Environment; Internal Appraisal of the Organization; Accounting and Strategic Analysis; Identifying Suitable Strategic Options; Evaluating Strategies and Writing the Business Plan; Part 4: Issues in Management Control: Budgetary Control, Performance Management and Alternative Approaches to Control; Strategy and Control System Design; Measuring Shareholder Value; Measuring and Improving Internal Business Processes; Complexity, Uncertainty and Control; Indicative Answers to Questions; Case Information; Appendix; Present Value Table; Glossary; References; Index.

Balakrishnan’s Managerial Accounting 1st edition presents accounting information in the context of business decision making. It combines the traditional topics of managerial accounting with a strategic framework that shows students how to construct decision models and measure information. By linking business decisions with accounting information students will be motivated to learn and make more informed decisions. Balakrishnan will appeal to courses where there is a true focus on decision making and accounting is placed within a business context. Contents: Accounting: Information For Decision Making; Identifying And Estimating Costs And Benefits; Cost Flows And Cost Terminology; Techniques For Estimating Fixed And Variable Costs; CostVolume-Profit Analysis; Decision Making In The Short Term; Operating Budgets: Bridging Planning And Control; Budgetary Control And Variance Analysis; Cost Allocations; Activity-Based Costing & Management; Capital Budgeting; Performance Evaluation In Decentralized Organizations; Strategic Planning And Control; Job-Costing Systems; ProcessCosting Systems; Refining Systems: Support Activity And Dual-Rate Allocations. Readership: Second year undergraduate courses in Managerial Accounting. Supplements: For Students: WileyPLUS, Online Study Guide. For Lecturers: WileyPLUS, PowerPoint Slides; Computerized Test Bank; Test Bank; Instructor’s Manual; Solutions Manual. 9780471467854 • 704pp • 2008 • Hbk £46.99/€56.40

9780470061770 • 634pp • 2008 • Pbk £34.99/€42.00

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MANAGERIAL ACCOUNTING

Managerial Accounting

Management Accounting

4th Edition

MICHAEL JONES, University of Bristol

JAMES JIAMBALVO, University of Washington

Management Accounting provides a very accessible and easy-to-follow introduction to the subject. It is intended as a core text for students studying management accounting for the first time: either those following an undergraduate degree in a business school, or non-business studies students studying a management accounting course. This includes students on both accounting and non-accounting degrees and also MBA students.

Recognizing that most students will pursue careers as managers not accountants, Managerial Accounting omits topics of less importance and concentrates on the key accounting concepts that managers need to understand in order to make successful, informed decisions. • The text focuses on two key ideas of managerial accounting: 1) decision making relies on incremental analysis and (2) You Get What You Measure! These two key ideas are emphasized in each chapter. • Links to Practice boxes and cases in each chapter provide opportunities for students to focus on decision making with real-world applications that make managerial accounting come alive. • Coverage of cutting-edge topics including the balanced scorecard, economic value added (EVA), activitybased costing, activity-based management, activity-based pricing, and the theory of constraints. • Each chapter of Managerial Accounting includes one or more cases. These cases promote critical thinking and decisionmaking skills, provide an opportunity for group work and/or written communication. • Each chapter has three short exercises that focus on small group discussion, writing, or Web research. 9780470505953 • 624pp • 2009 • Pbk £48.99/€58.80

Features: • ‘Real Life Nuggets’ and other material from the business press is revised and updated. • Self-contained introduction for a one semester course. • Covers major topics such as costing, short and long-term decision making, and planning control and performance. • A large number of end of chapter questions of escalating difficulty, together with the accompanying answers, enables the reader to develop their understanding of the key concepts discussed in the text. Contents: Introduction to Accounting; Introduction to Management Accounting; Costing; Planning, Control and Performance: Budgeting; Planning, Control and Performance: Standard Costing; ShortTerm Decision Making; Strategic Management Accounting; Long Term Decision Making: Capital Investment Appraisal; The Management of Working Capital and Sources of Finance. Resources: WileyPLUS – an online course management system including the full online text. Instructor’s Resources including Solutions, Extra Question Material and PowerPoint Slides. Students Resources including Multiple Choice Quizzes and a Glossary. 9780470057704 • 298pp • 2006 • Pbk £32.99/€39.60

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INTERNATIONAL ACCOUNTING

International Accounting and Multinational Enterprises

Applying International Financial Reporting Standards

6th Edition

2nd Edition

LEE H. RADEBAUGH, Brigham Young University and SIDNEY J. GRAY, University of Glasgow

KEITH ALFREDSON, Consultant, RUTH PICKER, Ernst & Young, JANICE LOFTUS, University of Sydney, KERRY CLARK, Ernst & Young, VICTORIA WISE, University of Tasmania and MATT DYKI, The University of Queensland

The sixth edition of this best-selling text follows changes in the field as it presents international accounting within the context of managing multinational enterprises. While examining the efforts of the IASB to establish a uniform set of accounting standards worldwide and its interface with different national standard setters, the author focuses on international business strategies and how accounting applies to these strategies. Contents: International Accounting and International Business; Classification of Accounting Systems and the Role of Culture; Comparative International Financial Accounting; International Financial Statement Analysis; International Transparency and Disclosure; International Accounting Standards and Global Convergence; International Business Combinations, Goodwill and Intangibles; International Segment Reporting Foreign Currency Transactions and Translation; International Accounting for Price Changes; Corporate Governance and Control of Global Operations; Foreign Exchange Risk Management; International Budgeting and Performance Evaluation; International Auditing Issues; Taxation and Transfer Pricing. Resources: Instructor’s Resources including an Instructor’s Manual, PowerPoint Slides, Sample Chapters and the International Accounting Practice Problem. Student Resources including Sample Chapters and the International Accounting Practice Problem. 9780471652694 • 528pp • 2006 • Hbk Price on request

Applying International Financial Reporting Standards 2nd edition has been thoroughly updated to reflect the changes with the IFRS. The continuing focus is on interpreting, analysing, and illustrating the financial reporting requirements under IFRS. Contents: Part 1 FRAMEWORK: The IASB And Its Conceptual Framework; Part 2 ELEMENTS: Shareholders’ Equity: Share Capital And Reserves; Revenue; Provisions, Contingent Liabilities And Contingent Assets; Financial Instruments; Share-Based Payment; Income Taxes; Inventories; Property, Plant And Equipment; Intangible Assets; Business Combinations; Impairment Of Assets; Leases; Accounting For Mineral Resources; Employee Benefits; Agriculture; Part 3 DISCLOSURE: Principles Of Disclosure – IAS 1, IAS 8 And IAS 10; Presentation Of Financial Statements; Statement Of Cash Flows; Operating Segments; Part 4 ECONOMIC ENTITIES: Controlled Entities: The Consolidation Method; Consolidation: Wholly Owned Subsidiaries; Consolidation: Intragroup Transactions; Consolidation: NonControlling Interest; Consolidation: Indirect Ownership Interests; Consolidation: Foreign Subsidiaries; Accounting For Investments In Associates; Interests In Joint Ventures; Appendix FACT SHEETS; Useful Terms; Index. Resources: Many ancillaries can be found online. 9780470819678 • 1300pp • 2009 • Pbk £39.95/€48.00

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CORPORATE GOVERNANCE

Corporate Governance 4th Edition ROBERT MONKS (Lens Inc) and NELL MINOW (Lens Inc)

“The new edition of Monks and Minow is even more comprehensive and thoughtprovoking than before. It is essential reading for corporate governance scholars and practitioners alike.” Dr. Simon Deakin, Judge Institute, Cambridge University, UK

Monks and Minnow have offered an indispensable guide to the key concepts of Corporate Governance every student and business professional should know through three editions of their market-leading text. Now in its fourth edition, the book includes more exercises and student questions, penetrating analysis of the latest examples of corporate failure and controversy, and the lively ‘cases in point’ which have characterised the previous editions. Contents: Introduction. 1. What is a Corporation? 2. Shareholders: Ownership. 3. Directors: Monitoring. 4. Management: Performance. 5. International Corporate Governance. 6. Case Studies: Corporations in Crisis. General Motors. General Motors and Pierre de Pont. General Motors: What Went Wrong? General Motors and Ross Perot. General Motors after Perot: Smith and Stempel. General Motors: A Postscript. American Express. Time Warner. Sears, Roebuck & Co. Diversification Strategy: The Fate of Retail. Sears: A Postscript. Armand Hammer and Occidental Petroleum. Polaroid. Polaroid’s ESOP: Delaware Sits in Judgment. Carter Hawley Hale. Hostile Takeover. After the Restructuring. Eastman Kodak. Waste Management Corp. Gold into Garbage. Lens and Soros. The Soros Effect. Restructuring. What Went Wrong? Waste Management: A Postscript. Stone & Webster. Stone & Webster: The Company that Built America. Postscript. Mirror Group/Trinity Mirror. January 1999. July 1999. September 2000. June 2001. February 2002. September 2002. Adelphia. What happened? Arthur Andersen. Andersen Consulting. A Conformist Culture. Who Watches the Watchers? Corporate Governance. Hubris. Tyco (by Robert A.G. Monks. WorldCom (by Beth Young). Growth by Acquisition WorldCom’s Board of Directors. WorldCom’s Auditor. Gerstner’s Pay Package at IBM. The Anatomy of a Contract. Premier Oil – Shareholder Value, Governance and Social Issues. Index.

“in addition to being an authoritative text on the basic principles of corporate governance, this book is packed with brilliant case studies that describe the biggest corporate meltdowns and implosions of the past decade and beyond.” Marc Gunther, Fortune Magazine

Resources: PowerPoint Slides and Instructor’s Manual.

9781405171069 464pp 2007 Pbk £34.95/€42.00

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CORPORATE GOVERNANCE

Corporate Governance and Accountability 3rd Edition JILL SOLOMON, King’s College London

Corporate Governance and Accountability, Third Edition will provide readers with an up-to-date summary of the most recent developments in corporate governance. The aim of the book is to provide a full discussion of corporate governance issues and it adopts a holistic approach to corporate governance. It provides a full discussion of corporate governance issues, taking the broadest view of the corporate governance agenda, including both theory and practice. The new edition is comprehensively updated and incorporates new codes of practice, policy documents and academic research. • New section on not-for-profit sector governance (Charity, public and voluntary sectors). • Updated content on European corporate governance.

Also Available:

Accounting Ethics, 2nd Edition, by Ronald Duska 9781405196130

• Includes a broad range of new literature in the mainstream area of corporate governance. i.e. board performance and directors and investment institutions. • New case material including international examples. • Updated material in the ‘Reference Dictionary chapter’. The new codes of practice and policy documents that have emerged around the world recently will be incorporated. • Recent research in the history of social and environmental reporting and sustainability assurance of social and environmental reports and the role of pension fund trustees in social environmental issues (i.e. climate change). Contents: Introduction; Part I Corporate Governance: Frameworks And Mechanisms; Defining Corporate Governance; Corporate Governance Failure; Corporate Governance Reform In The UK; The Role Of Boards In Corporate Governance; The Role Of Institutional Investors In Corporate Governance; The Role Of Transparency In Corporate Governance; Part II Global Corporate Governance; An Introduction To Corporate Governance Systems Worldwide; A Reference Dictionary Of Corporate Governance Systems; Part III Broadening The Corporate Governance Agenda; Discharging A Broader Corporate Accountability; Environmental, Social And Governance Considerations In Institutional Investment; Future Directions For Corporate Governance And Accountability; Appendix A The Combined Code On Corporate Governance (July 2003); Appendix B The OECD Principles Of Corporate Governance; References; Index. Readership: Advanced undergraduate, MBA and postgraduate students of finance and accounting taking courses in corporate governance or corporate social accountability.

9780470695098 432pp 2010 Pbk £34.99/€42.00

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CORPORATE GOVERNANCE Mainstreaming Corporate Responsibility CRAIG SMITH, Insead and GILBERT LENSSEN, EABIS As managers find that they must grapple with increasingly complex social and environmental problems as an integral part of business strategy and operations, they require different knowledge, skills and competencies than in the past. Mainstreaming Corporate Responsibility pioneers a way for business schools to equip future business leaders and managers to meet these challenges. Based upon a curriculum development project run by the INSEAD Social Innovation Centre, London Business School and EABIS, this book is a collection of texts and cases for use in courses across the business disciplines as well as courses on Corporate Responsibility.

9780470753941 • 600pp • 2009 Pbk • £37.99/€45.60

Contents: Introduction; Mainstreaming Corporate Responsibility; Business as Usual is Not the Answer to Society’s Problems; Strategy: Corporate Responsibility in Strategy; Microsoft: Bringing Technology to the Aging Population; IBM in China: Responding to a Government’s Social Initiatives; Iberdrola: A Utility’s Approach to Sustainability and Stakeholder Management; Accounting: Corporate Responsibility in Accounting; ENEL: CSR and Performance Measurement; Novo Nordisk A/S – Integrating Sustainability into Business Practice; From Grace to Disgrace: The Rise and Fall of Arthur Andersen; Finance: Corporate Responsibility in Finance; Maximizing Shareholder Value: An Ethical Responsibility?; Veridian: Putting a Value on Values; Economics: Corporate Responsibility in Economics; Unilever and Oxfam: Understanding the Impacts of Business on Poverty (A); Revenue Flow and Human Rights: A Paradox for Shell Nigeria; Entrepreneurship: Corporate Responsibility in Entrepreneurship; Innocent: Values and Value; Waste Concern: Turning a Problem into a Resource; Marketing: Corporate Responsibility in Marketing; Bounded Goodness: Marketing Implications of Drucker on Corporate Responsibility; Norsk Hydro ASA: Sustainable PVC at Hydro Polymers?; GlaxoSmithKline: Developing Country Access to Essential Medicines; Organisational Behaviour and Human Resource Management: Corporate Responsibility in Organisational Behaviour; Betapharm: Be Different or Die; The TPG-WFP Partnership: Looking for a Partner; Operations Management: Corporate Responsibility in Operations Management; illycaffè: Value Creation through Responsible Supplier Relationships; The Co-Operative Group: Fair-Trade Chocolate; The Wal-Mart Supply Chain Controversy; Index.

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AUDITING

Modern Auditing 3rd Edition GRAHAM COSSERAT, Retired, (formerly Nottingham Trent University) and NEIL RODDA, Manchester Metropolitan University

Third edition of a successful auditing textbook reflecting changes in international auditing standards.

Modern Auditing offers the reader a thorough coverage of the practice of auditing in context of auditing theory and concepts, and the professional responsibilities of the independent auditor. The structure of the book develops the auditing process in a logical and sequential manner, enabling students to progressively consolidate their understanding of the concepts and processes without excessive detail or repetition.

Also Available:

Thorough update, including: • Coverage of key new standards produced by the IAASB. • Discussion of increasing importance of role of IFAC. • Update on companies legislation and regulation.

Accounting Ethics, 2nd Edition, by Ronald Duska 9781405196130

• Review of developments in ethical codes. • A Strong pedagogical framework that includes chapter overviews, learning objectives, case studies, review questions and professional application questions. • Comprehensive and integrated coverage of the latest developments in the environment and methodology of auditing. • A chapter on e-commerce and its implication for control and audit. • Wholly compliant with international accounting and auditing standards. Contents: Auditing And The Public Accounting Profession; Financial Statement Audits; Professional Ethics; Auditors’ Legal Liability; Audit Risk And Audit Evidence; Accepting The Engagement And Planning The Audit; Internal Control And Control Risk Assessment; Audit Sampling; Designing Substantive Procedures; Auditing Sales And Trade Receivables (Debtors); Auditing Purchases, Trade Payables (Creditors) And Payroll; Auditing Inventory (Stocks) And Tangible NonCurrent Assets (Fixed Assets); Auditing Cash And Investments; Completing The Audit; Reporting On Audited Financial Statements; E-Commerce And Auditing; Contemporary Issues In Auditing; Answers To Multiple-Choice Questions; Suggested Answers To Professional Application Questions; Glossary; Index. Readership: 2nd/3rd year undergraduate course in Auditing, Principles of Auditing, or Introduction to Auditing. Supplements: A Lecturer Companion Website will be available containing an Instructor’s Manual containing further questions and answers, and PowerPoint Slides.

9780470319734 744pp 2008 Pbk £38.99/€46.80

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AUDITING

Principles of External Auditing

The Essential Guide to Internal Auditing

3rd Edition BRENDA PORTER, Victoria University of Wellington, JON SIMON, University of Hull and DAVID HATHERLY, University of Edinburgh Principles of External Auditing has become established as one of the leading textbooks for students studying auditing. Striking a careful balance between theory and practice, the book describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process. Contents: Preface; What Is Auditing? The Development Of Auditing And Audit Objectives; A Framework Of Auditing Concepts; Threats To, And Preservation Of, Auditors’ Independence; Legal And Professional Duties Of Auditors; Auditors’ Duties with Respect to Fraud and Noncompliance with Laws and Regulations; Overview Of The Audit Process, Audit Evidence: Staffing And Documenting An Audit; Commencing An Audit: Engagement Procedures, Understanding The Client and Identifying Risks; Planning The Audit And Assessing Audit Risk; Internal Controls And The Auditor; Testing The Financial Statement Assertions: Substantive Testing; Audit Sampling And Computer Assisted Auditing Techniques (Caats); Completion And Review; Auditors’ Reports To Users Of Financial Statements And To Management; Legal Liability Of Auditors; Avoiding And Limiting Auditors’ Liability; Environmental Management Suystems and Audits; Corporate Responsibility Assurance Engagements; Appendix: Summary Of Steps In A Statutory Financial Statement Audit; Index. Readership: Undergraduate and postgraduate accountancy students, as well as professional accountancy trainees taking courses in auditing. Supplements: PowerPoint Slides.

2nd Edition SPENCER PICKETT, Civil Service College The 2nd edition of The Essential Guide to Internal Auditing is a condensed version of the highly successful “Internal Auditing Handbook”. It shows the reader how to understand the audit context and how this context fits into the wider corporate agenda. The new context is set firmly within the corporate governance, risk management and internal control arena. This new edition includes expanded coverage on risk management, and updated throughout to reflect the new IIA standards and current practice advisories. In addition to the author’s own views of the auditor’s role, the reader is provided with a range of professional standards and guidance that provides a valuable source of various key issues and developments. The book includes many helpful models, multiple-choice questions, and checklists that provide a short cut to understanding the work and coverage of internal auditing. Contents: List of Abbreviations; Introduction; Corporate Governance Perspectives; Managing Risk; Internal Controls; The Internal Audit Role; Professionalism; The Audit Approach; Setting an Audit Strategy; Audit Field Work; Meeting the Challenge; Appendices. 9780470746936 • 288pp • 2011 • Pbk £34.99/€42.00

Auditing and Assurance Services Understanding the Integrated Audit KAREN L. HOOKS Auditing and Assurance Services presents auditing from the perspective of an integrated audit complying with requirements of the Sarbanes Oxley Act (SOX), under the standards of the Public Companies Accounting Oversight Board. Contents: INTRODUCTION: An Introduction to Auditing; Overview of an Integrated Audit; THE AUDIT ENVIRONMENT: The Auditor’s Role in Society; Legal Environment Affecting Audits; EXECUTING AN INTEGRATED AUDIT: Client Acceptance and Continuance and Preliminary Engagement Procedures; Audit Planning and Risk Assessment; Internal Control, Understanding the Client’s Internal Control Over Financial Reporting and Auditing Design Effectiveness; Planning and Testing Operating Effectiveness of Internal Control over Financial Reporting; Substantive Procedures and the Financial Statement Audit; The Revenue Cycle Process and Related Accounts: Sales, Billing and Collection in the Health Care Provider and Retailing Industries; Completing the Integrated Audit and Reporting; ADDITIONAL TRANSACTION CYCLES AND OTHER TOPICS: The Acquisition and Payments Cycle and Related Accounts: Purchases, Cash Disbursements and Other Related Activities in the Automotive Industry; The Human Resources Cycle Process and Related Accounts: Personnel and Payroll in Service Industries; The Inventory Cycle and Related Accounts: Tracking; and Costing Products in the Land Development and Home Building Industry; Assets, Liabilities and Equity Related to the Financing Cycle; Topics Beyond the Integrated Audit. 9780471726340 • 926pp • 2010 • Hbk £56.99/€68.40

9780470018255 • 816pp • 2008 • Pbk £38.99/€46.80

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ACCOUNTING INFORMATION SYSTEMS

Accounting Information Systems and Internal Control 2nd Edition EDDY VAASSEN, ROGER MEUWISSEN and CAREN SCHELLEMAN, all of Maastricht University, The Netherlands

Accounting Information Systems and Internal Control covers traditional internal control systems and discusses these in conjunction with contemporary management control systems. There is less of a focus of technology and more on organizational issues, which contributes to the book’s managerial approach. • Each chapter contains references to small and mid-sized organizations to highlight differences between the control systems in each of these. • Has a new structure that provides an in-depth coverage of internal control together with a discussion of IT within a managerial perspective. • Includes an extensive discussion of internal controls that are applicable in various types of organization, including trade, production, service, financial industry and governmental institutions. • Discussion of Sarbanes Oxley and ethics is integrated throughout the text. Contents: Part 1: Information and Control: Organizations and their Systems; Foundations of Internal Control; Processes in the Value Cycle; Control Systems Communications; Bridging the Gap Between Internal Control and Management Control; The Dynamics of Control and IT; Part 2: Internal Control in Various Types of Organization: Typology of Organizations; Trade Organizations; Production Organizations; Service Organizations with a Limited Flow of Goods; Organizations that put Space and Electronic Capacity at their Customers’ Disposal; Organizations that put Knowledge and Skills at their Customers’ Disposal. Readership: For students taking AIS courses at advanced undergraduate and postgraduate levels. Supplements: A Lecturer Companion Website will be available hosting additional case studies, PowerPoint Slides, and an Instructor’s Manual together with questions and answers.

9780470753958 396pp 2009 Pbk £36.99/€44.40

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ACCOUNTING INFORMATION SYSTEMS

Accounting Information Systems

Accounting Information Systems

Controls and Processes

Essential Concepts and Applications

LESLIE TURNER and ANDREA WEICKGENANNT

4th Edition

Technology plays a critical role in accounting and it is imperative that anyone in the field fully understands all of the capabilities of information systems. This new book focuses on the technology that is utilized by accountants and is written in a style that makes these technical concepts easy to understand. Throughout the pages, the authors focus on four themes; simplicity and understandability of the writing, business processes, accounting and IT controls, and ethics as it relates to accounting systems. Features: • Uses very simple process maps, document flowcharts, and data flow diagrams where needed. • Includes screen captures of Microsoft Dynamics GP to illustrate concepts or ideas. • Explains transaction processing and reengineering in terms of business processes. • Incorporates the COSO framework along with discussions of risks and controls in all process chapters. • Establishes a foundation of ethics and then examines key ethics concerns. 9780471479512 • 672pp • 2008 • Hbk £46.99/€56.40

JOSEPH W. WILKINSON, Arizona State University (Emeritus), MICHAEL J. CERULLO, Southwest Missouri State University, VASANT RAVAL, Creighton University and BERNARD WONG-ON-WING, Washington State University The latest edition of Wilkinson’s book shows a significant reduction in its size. This has been achieved by providing a CD-ROM with every copy to give added coverage making it flexible enough to suit a variety of different approaches to the course. Contents: Overview of Systems; Computer Systems Functions; Control Concepts and Procedures; Transaction Cycles; Development of Information Systems; Index. CD-ROM Contents: Decision Making, Information Needs, and Introduction to Information Processing; Support Systems; Decision Support and Expert Systems; the Conversion Cycle; the Human Resource Management Cycle; Computer Hardware; Computer Software; Data Communications; Microcomputer Systems; References; Appendix; Problems/Cases. Resources: Instructor’s Resources including Solutions Manual, Instructor’s Resource Guide, Computerized Testbank and PowerPoint Slides. Student Resources including cases, author contact details and a software library. 9780471253525 • 608pp • 1999 • Hbk Price on request

Core Concepts of Accounting Information Systems 11th Edition NANCY BAGRANOFF, Old Dominion University, MARK G. SIMKIN, University of Nevada and CAROLYN STRAND NORMAN, Virginia Commonwealth University Bagranoff, Simkin, and Strand’s essential text gives you the flexibility to create your own course, while still covering the basic concepts of AIS. Given the variety of objectives for an AIS course this text covers only the core concepts of AIS. Contents: Part One An Introduction To Accounting Information Systems; Accounting Information Systems And The Accountant; Information Technology And Aiss; Documenting Accounting Information Systems; Part Two Using Accounting Information: Business Processes I; Business Processes II; Accounting And Enterprise Software; Part Three Controls, Security, Privacy, And Ethics For Accounting Information Systems; Computer Crime, Ethics, And Privacy; Introduction To Internal Control Systems; Computer Controls For Organizations And Accounting Information Systems; Part Four Special Topics In Accounting Information Systems: Developing And Implementing Effective Accounting Information Systems; Information Technology Auditing; Accounting On The Internet; Part Five Databases: Data Modeling; Organizing And Manipulating The Data In Databases; Creating Database Forms And Reports; Glossary; Index. 9780470507025 • 544pp • 2009 • Pbk Price on request

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INTRODUCTION TO FINANCE

Personal Finance GEORGE CALLAGHAN, IAIN FRIBBANCE and MARTIN HIGGINSON, all of The Open University

Introduction to Finance Markets, Investments and Financial Management 14th Edition RONALD MELICHER, University of Colorado at Boulder and EDGAR A. NORTON, Illinois State University Introduction to Finance continues to offer a balanced, survey approach to the principles of finance. Distinguished authors Melicher and Norton cover the three major financial areas: institutions and markets, investments, and financial management. Their effective structure equips instructors with maximum flexibility for how the course is taught, and students with an integrated perspective of the different foundations of finance. This survey of the basic knowledge, concepts, and terms of the discipline is appropriate for all students. For those who do not plan to take additional courses in finance, it provides a valuable overview. For those who want to take additional coursework in finance, it provides a solid foundation for their future studies and careers. Contents: The Financial Environment; Money and the Monetary System; Banks and Other Financial Institutions; Federal Reserve System; Policy Makers and the Money Supply; International Trade and Finance; Savings and Investment Process; Structure of Interest Rates; Time Value of Money; Bond and Stocks: Characteristics and Valuations; Securities Markets; Financial Return and Risk Concepts; Business Organization and Financial Data; Financial Analysis and Long-term Financial Planning; Managing Working Capital; Short-term Business Financing; Capital Budgeting Analysis; Capital Structure and Cost of Capital. Resources: Instructor’s Resource Guide, Test Bank, Student Practice Quizzes, PowerPoint Lecture Slides, Financial Analysis Tools Worksheet, Business Extra Select. 9780470561072 • 624pp • 2010 • Hbk Price on request

High levels of unsecured debt, diminishing pensions, and rising student fees are just some of the mounting financial challenges we face today – are we equipped to cope? Personal Finance is an innovative new book that helps build competence and confidence in making financial decisions. It distils important but complex concepts into useable form and relates them to actual experience. Coverage includes: Income, expenditure, and budgeting; Borrowing and debt; Savings and investments; Housing; Financial Balance Sheets; Pensions and retirement planning; Caring and sharing; Insurance. “There is no question that what distinguishes this book from competing texts is the use of the socio-economic context and broader setting which I have not seen in any competing text book. It will make the text more useful for an academic course and certainly makes for interesting reading.” JANE KING, Oxford Brookes University

“Overall providing a good balance of specific material and wider economic political and social context. I would certainly recommend it for our first year undergraduate generalist module ‘Introduction to Finance’.” BOB CURRY, University of Central England

“I am enthusiastic about the book. It does address a particular gap, and the overview is impressive.” STEVE McKAY, Bristol University (Personal Finance Research Centre)

Features: • The first major personal finance textbook to combine practical financial planning skills with an analysis of the wider economic and social picture, situating students’ understanding of financial matters in a relevant, holistic context. • Places significant emphasis on the relationship between individuals and their households, and wider family networks, recognising that personal financial decision making is not an isolated activity. • Develops a four-step practical financial planning model to help students navigate complex financial arguments and address difficult financial questions. Contents: Introduction; Personal finance: setting the context; Income; Expenditure and budgeting; Debt; Savings and investments; Housing and the financial balance sheet; Pensions; Sharing and caring; Insurance and life events; Personal finance: the changing context; References; Glossary of Key Terms; Index. Resources: Instructor’s Resources including PowerPoint Slides and a Learning Pack containing some financial calculators. Student Resources including a Learning Pack containing some financial calculators. 9780470028551 • 472pp • 2006 • Pbk • £29.99/€36.00

For general enquiries, please email: highereducation@wiley.com

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BEHAVIOURAL FINANCE

Behavioural Finance WILLIAM FORBES, Loughborough University Business School

Provides a very accessible introduction to the rapidly developing subject of behavioural finance.

Behavioural Finance builds on the knowledge and skills that students have already gained on an introductory finance or corporate finance course. The primary focus of the book is on how behavioural approaches extend what students already know. At each stage the theory is developed by application to the FTSE 100 companies and their valuation and strategy. This approach helps the reader understand how behavioural models can be applied to everyday problems faced by practitioners at both a market and individual company level. The book develops simple formal expositions of existing attempts to model the impact of behavioural bias on investor/managers’ decisions. Where possible this is done grounding the discussion in practical, numerical, examples from the financial press and business life. • Explains how individuals’ attitudes and behavior affect their financial decisions and financial markets eg the Dotcom bubble. • Uses psychological evidence to model investor behavior in order to get better understanding of financial markets. • Provides a range of UK and European examples. • Integrates a series of key papers into a coherent theoretical framework capable of application to a wide range of problems in finance. Contents: Preface; Part 1: Introduction: Expected Utility – Financial Decision Making In Traditional Finance; Are Investors Irrational Or Just Learning; Are Discount Rates Constant Or Declining?; A Brief History Of Bubbles Old And New; Noisy Financial Markets; Optimism In Financial Markets; Prospect Theory And Asset Pricing; Overreaction, Under Reaction And Noise Trading; Momentum, Prospect Theory And Revisions In Investor Reference Points; Herding; Insider Trading Earnings Selection And Market Manipulation; The Equity Premium Puzzle; Incorporation: Legal Fictions And Business Realities; The Market For Information, Noise And Deception; Dividends As Prospects And As A Means Of Self-Control; Self Knowledge And Entrepreneurship; Regulating Conflicts In Investment Advice; Accounting Information And Fundamental Values Behavioural Bias And Its Implication For Accounting Reform; Conclusion. Readership: Final year undergraduate and postgraduate courses in behavioural finance. Supplements: A Lecturer Companion Website will be available containing PowerPoint Slides, spreadsheets, a document containing web links and references.

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9780470028049 464pp 2009 Pbk £34.99/€42.00

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FINANCIAL STATEMENT ANALYSIS

Financial Information Analysis

The Analysis and Use of Financial Statements

2nd Edition

3rd Edition

PHILIP O’REGAN, University of Limerick

GERALD I. WHITE, Grace & White, Inc, ASHWIN PAUL C. SONDHI, A.C. Sondhi Associates and HAIM D. FRIED, New York University

Philip O’Regan addresses the nature and role of accounting information in modern society and, in particular, focuses on the company annual report. He places the discussion and analysis of the information contained in the annual report in as broad a context as possible. Contents: Introduction; Section 1 – Basic Elements; Basic Elements of Bookkeeping; Preparation of Final Accounts; Section 2 – Contexts: Regulatory and Legislative Contexts; Conceptual Context; Theoretical Context; Governance Context; Section 3 – Content: Narrative Reports; Financial Statements; Section 4 – Analysis: Fundamental Analysis; Activity & Liquidity; Financing; Profitability & Return on Investment; Section 5 – Issues: Business Combinations; Taxation, Pensions, Leases & Foreign Currency; Creative Accounting; Corporate Social Responsibility (CSR); International Accounting & Harmonisation; Section 6 – Company Analysis; Section 7 – Challenges & Opportunities: Alternative Approaches; Technology & Future Reports; Bibliography; Appendix; Index. Resources: Instructor’s Resources including PowerPoint Slides, Testbank Questions, Testbank Solutions, Solutions to End of Chapter Questions, Computational Questions, Computational Answers, Tesco Update 2006. Student Resources including a Glossary.

Co-written by academics and practitioners, this text teaches students to first understand how financial statements are generated. Principles of analysis are then illustrated through the extensive use of actual corporate financial statements. The book integrates accounting, economic theory, and empirical research to provide a framework for financial statement analysis in a user-oriented context. Contents: Framework for Financial Statement Analysis; Analysis of Balance Sheet and Income Statement; Cash Flow Analysis; Foundations of Ratio and Financial Analysis; Empirical Research: Implications forFinancial Statement Analysis; Analysis of Inventories; Capitalization of Long-lived Assets; Depreciation and Impairment of Longlived Assets; Analysis of Income Taxes; Financing Liabilities; Off Balance Sheet Liabilities; Pensions and Postemployment Benefits; Analysis of Intercorporate Investments; Business Combinations; Analysis of Multinational Operations; Hedging and Risk Analysis; Equity Analysis; Fixed Income Analysis; Valuation and Forecasting. Supplements: Solutions Manual. 9780471375944 • 784pp • 2003 • Hbk £49.99/€60.00

9780470865729 • 640pp • 2006 • Pbk £38.99/€46.80

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BANKING

Modern Banking SHELAGH HEFFERNAN, CASS Business School, London Modern Banking focuses on the theory and practice of banking, and its prospects in the new millennium.

The Economics of Banking

Risk Management in Banking

2nd Edition

3rd Edition

KENT MATTHEWS, Cardiff Business School and JOHN THOMPSON, Liverpool Business School

JOËL BESSIS, Groupe HEC, Paris

Features: • Includes examples of real-life situations (the Barings collapse). • Modern Banking concludes with a set of case studies that give practical insight into the key issues covered in the book: - The core banking functions. - Different types of banks and diversification of bank activities. - Risk management: issues and techniques. - Global regulation: Basel 1 and Basel 2. - Bank regulation in the UK, US, EU, and Japan. - Banking in emerging markets. - Bank failure and financial crises. - Competitive issues, from cost efficiency to mergers and acquisitions. • Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank, Sumitomo Mitsui, Bancomer. Contents: What are Banks and What do They Do?; Diversification of Banking Activities; Management of Financial Risks; Global Regulation of Banks; Bank Structure and Regulation: UK, US, Japan and the EU; Banking in Emerging Markets; Bank Failures; Financial Crisis; Competitive Issues in Banking; Case Studies; Index. Readership: Primarily courses on Financial Markets and Institutions, but also used on modules on Corporate Finance and Investments courses at Undergraduate, MBA and Masters levels.

The Economics of Banking describes and explains trends and operations in banking within an accessible microeconomic framework. It incorporates theory with the practical aspects of banking so as to set banking within the economics paradigm. A primary section on trends within banking leads on to chapters on the microeconomics of banking, market structure and regulation. The overall objective is to provide a mathematically accessible microeconomic context that will help students understand and analyze trends and operations in banking. Features: • More material on risk management, with 2 chapters instead of 1: a chapter on trading risk and a chapter on bank book risk.

Never before has risk management been so important. Now in its third edition, this seminal work by Joël Bessis has been comprehensively revised and updated to take in to account the changing face of risk management. Fully restructured, featuring new material and discussions on new financial products, derivatives, Basel II, credit models based on time intensity models, usage of copulas, implementing risk systems and intensity models of default, it also includes a section on Subprime. Risk Management in Banking Third Edition considers all aspects of risk management emphasizing the need to understand conceptual and implementation issues of risk management and examining the latest techniques and practical issues, including: • Asset-Liability Management.

• New chapter on assessing bank performance.

• Risk regulations and accounting standards.

• Update banking and financial regulation material.

• Market risk models.

• More material on Basel 2 and operational risk.

• Dependencies modeling.

• Improve material on stochastic cost frontiers. Contents: Trends in Banking; Financial Intermediation; Financial Intermediary; Banking Typology; The Banking Firm; The Economics of Asset and Liability Management; The Lending Decision; Bank Efficiency; Bank Restructuring; Bank Regulation; Securitization; Risk Management; Macroeconomics of Banking; The Basics of Central Banking.

• Credit risk models.

• Credit portfolio models. • Capital Allocation. • Risk-adjusted performance. • Credit portfolio management. Readership: Banking; Bank Management, Risk Management and Financial Services courses at postgraduate and MBA levels. 9780470019139 • 840pp • 2009 • Pbk £36.99/€44.40

9780470519646 • 306pp • 2008 • Pbk £34.99/€42.00

9780470095003 • 736pp • 2004 • Pbk £38.99/€46.80

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CORPORATE FINANCE/FINANCIAL MANAGEMENT

Fundamentals of Corporate Finance European Edition PETER MOLES, The University of Edinburgh, ROBERT PARRINO, University of Texas, Austin and DAVID S. KIDWELL, University of Minnesota

Also includes free access to the Wiley Finance Weekly Updates blog, available at: www.wileyfinanceupdates.com This essential resource features video clips on topical issues from the world of international finance, as well as questions for classroom discussion.

Corporate Finance is an up-to-date comprehensive text which balances formal theory with intuition and has a strong focus on how knowledge and understanding of the topic leads to better decision making (or, alternatively, better decision makers). The book is aimed at the relative newcomer to finance in that it does not make many assumptions about prior knowledge of the subject. The book develops the theory at the level needed to provide the reader with the ability to apply the concepts in practice.

Adapted from the US bestseller by Parrino/Kidwell

Features include: • A comprehensive, introductory level accessible to students new to finance, as well as those with a basic knowledge progressing at the intermediate level. • A modular format that matches the way corporate finance is taught whilst allowing versatility for different course structures. • Computational concepts which are easily accessible by students with a lower mathematical knowledge. • Integrated European mini case studies illustrating the learning objectives effectively and the continued use of the pizza restaurant throughout is key to engaging students. • Examples drawn from both European countries as well as those outside of Europe, eg Brazil, Russia, India and China, are current and include reference to the financial crisis and its consequences. • Takes into account the way firms undertake certain activities within the European ‘institutional’ environment, eg the discussion of rights issues. • A notable element on business formation, development and growth which makes it well suited to telling the ‘finance’ side of new business development. • A writing style that is accessible, ensuring areas of potential difficulty are explained in detail – aiding student comprehension. Contents: The Role of the Financial Manager; The Financial Environment and the Level of Interest Rates; Financial Statements, Cash Flows, and Taxes; Analyzing Financial Statements; The Time Value of Money; Discounted Cash Flows and Valuation; Risk and Return; Bond Valuation and the Structure of Interest Rates; Share Valuation; The Fundamentals of Capital Budgeting; Cash Flows and Capital Budgeting; Evaluating Project Economics and Capital Rationing; The Cost of Capital; Working Capital Management; How Firms Raise Capital; Capital Structure Policy; Dividends and Dividend Policy; Business Formation, Growth, and Valuation; Financial Planning and Forecasting; Corporate Risk Management; International Financial Management.

Resources: Accompanying Website, PowerPoint slides for each chapter, Excel exercises with solutions, Test bank of questions based on the text by chapter, Self-test quizzes, Instructor’s manual, WileyPLUS.

9780470683705 • 912pp February 2011 Pbk • £49.99/€60.00

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CORPORATE FINANCE/FINANCIAL MANAGEMENT

Corporate Finance Theory and Practice 2nd Edition PIERRE VERNIMMEN, PASCAL QUIRY, YANN LE FUR, HEC, France, MAURIZIO DALLOCCHIO and ANTONIO SALVI, both of Bocconi University, Italy The book, the website www.vernimmen.com and the Vernimmen.com newsletter are all written and created by an author team who are both investment bankers/corporate financiers and academics. It covers the theory and practice of Corporate Finance from a truly European perspective. It shows how to use financial theory to solve practical problems and is written for students of corporate finance and financial analysis and practising corporate financiers. Corporate Finance is split into four sections and covers the basics of financial analysis; the basic theoretical knowledge that you will need to value a firm; the major types of financial securities: equity, debt & options and finally financial management which shows you how to organise a company’s equity capital, buying and selling companies, M&A, bankruptcy and cash flow management. • New coverage on shareholder value. • Expanded coverage of Leveraged Buyouts. • Expanded discussion of management of risk. • New chapter on corporate governance. • All graphs and examples will be updated with latest figures. • Countries to be covered by statistics and examples: China, Japan, India, USA, France, Germany, Italy, Spain, United Kingdom, Brazil, Russia. • Update formatting of tables /graphs /figures. Readership: Core courses in Corporate Finance taken by MBA, Masters in Finance and final year undergrads. 9780470721926 • 1120pp • 2009 • Pbk £48.99/€58.80

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Fundamentals of Corporate Finance

Applied Corporate Finance

ROBERT PARRINO, University of Texas, Austin and DAVID S. KIDWELL, University of Minnesota

A User’s Manual

Parrino/Kidwell, Fundamentals of Corporate Finance offers an innovative integration of conceptual understanding and problem-solving… of intuition and decision-making… of the authors’ industry and classroom/research experience… with current real-world examples and online practice.

ASWATH DAMODARAN, New York University

Contents: The Financial Manager and the Firm; The Financial Environment and the Level of Interest Rates; Financial Statements, Cash Flows, and Taxes; Analyzing Financial Statements; The Time Value of Money; Discounted Cash Flows and Valuation; Risk and Return; Bond Valuation and the Structure of Interest Rates; Stock Valuation; The Fundamentals of Capital Budgeting; Cash Flows and Capital Budgeting; Evaluating Project Economics and Capital Rationing; The Cost of Capital; Working Capital Management; How Firms Raise Capital; Capital Structure Policy; Dividends and Dividend Policy; Business Formation, Growth, and Valuation; Financial Planning and Forecasting; Options and Corporate Finance; International Financial Management. Readership: Suitable for a 3rd year undergraduate/MBA/MSc course in Corporate Finance, Financial Management or Managerial or Business Finance. Supplements: For Students: Student Web Quizzes, WileyPLUS, Study Guide, Student Companion Website, WebCT and Angel. For Lecturers: WileyPLUS, Aplia, Instructor’s Companion Website including Test Bank, Computerized Test Bank, Instructor’s Manual, PowerPoint Slides, Business Extra Select, WebCT and Angel. 9780471270560 • 568pp • 2008 • Hbk £48.99/€58.80

3rd Edition

Aswath Damodaran has delivered the newest edition of Applied Corporate Finance: A User’s Manual. Readable and usable in style and valuable in approach, this text provides the practical and succinct advice that students and practitioners need, rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, the author applies corporate finance to real companies. The new 3rd Edition has four real-world core companies to study and follow. Perfected suited for MBA programs’ corporate finance and equity valuation courses, all business decisions are classified into three groups: the investment, financing, and dividend decisions. • New examination of the banking crisis and how it will alter the way banks operate in the future. • Updated discussions of risk-free rates and risk premiums to reflect the crisis of 2008 and what we have learned from that crisis. • Case studies at the end of each chapter to reinforce the framework for applying the book’s theories to a real company. Contents: The Foundations; The Objective in Decision Making; The Basics of Risk; Risk Measurement and Hurdle Rates; Measuring Return on Investment; Project Interactions, Side Costs and Side Benefits; Capital Structure: Overview of the Financing Decision; Capital Structure: The Optimal Financing Mix; Capital Structure: The Financing Details; Dividend Policy; Analyzing Cash Returned to Stockholders; Valuation. 9780470384640 • 752pp • 2010 • Pbk £41.99/€50.40

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CORPORATE FINANCE/FINANCIAL MANAGEMENT

Financial Strategy

Corporate Finance

2nd Edition

Theory and Practice

Edited by JANETTE RUTTERFORD, The Open University Business School, MARTIN UPTON and DEVENDRA KODWANI

2nd Edition

Significantly revised and updated, this second edition of Financial Strategy is vital reading for MBA and advanced undergraduate students of Financial Strategy and Financial Management. The majority of articles and case studies in this edition are new and reflect recent developments in financial strategy, which have added value to organisations and improved their performance.

Intended for the Corporate Finance course at the MBA level, Aswath Damodaran treats corporate finance as a living discipline by making it much more applied than others.

Key themes addressed are: • Trends in finance theory. • Adding value through investment, financing and risk management. • Measuring performance. • Corporate governance. Contents: Introduction; Trends In Finance; Adding Value Through Investment; Adding Value Through Financing; Adding Value Through Risk Management; Measuring Performance; Governance And Ethics. 9780470016565 • 492pp • 2006 • Pbk £39.99/€48.00

ASWATH DAMODARAN, New York University

Contents: Introduction to Corporate Finance; The Objective in Corporate Finance; The Time Value of Money; Understanding Financial Statements; Value and Price: An Introduction; The Basics of Risk; Estimating Hurdle Rates for Firms; Estimating Hurdle Rates for Projects; Estimating Earnings and Cash Flows on Projects; Investment Decision Rules; Investment Analysis with Inflation and Exchange Rate Risk; Project Interactions, Side Benefits and Side Costs; Investments in Non-Cash working Capital; Investments in Cash and Marketable Securities; Investment Returns and Corporate Strategy; An Overview of Financing Choices; The Financing Process. The Financing Mix; The Optimal Financing Mix; Financing Mix and Choices; Dividend Policy; Analyzing Cash Returned to Stockholders; Beyond Cash Dividends: Buybacks, Spin Offs and Divestitures; Valuation: Principles and Practice; Value Enhancement: Tools and Techniques; Acquisitions and Takeovers; Option Applications in Corporate Finance. Readership: Students studying Corporate Finance at advanced undergraduate and MBA levels. Resources: Instructor’s Resources including Lecture Outlines with PowerPoints, Computerised Testbank and Solutions Manual. Student Resources including a Study Guide, Data Sets and Student Exercises. 9780471283324 • 1008pp • 2003 • Hbk Price on request

Venture Capital and the Finance of Innovation 2nd Edition ANDREW METRICK, Yale University and AYAKO YASUDA, University of California, Davis In Venture Capital and the Finance of Innovation, future and current venture capitalists will find a useful guide to the principles of finance and the financial models that underlie venture capital decisions. Assuming no knowledge beyond concepts covered in first-year MBA course, the text serves as an innovative model for the valuation of start ups, and will familiarise you with the relationship between risk and return in venture capital, historical statistics on the performance of venture capital investments, total and partial valuation – and more. • New unified treatment of investment decision making combining total valuation and partial valuation analysis. • New web-based model (VCVtools.com) allowing easy visualisation and valuations of multiple term sheets in a start-up. Contents: The VC Industry; VC Players; VC Returns; The Cost of Capital for VC; The Best VCs; VC Around the World; The Analysis of VC Investments; Term Sheets; Preferred Stock; The VC Method; DCF Analysis of Growth Companies; Comparables Analysis; Option Pricing; The Valuation of Preferred Stock; Later-Round Investments; Participating Convertible Preferred Stock; Implied Valuation; Complex Structures; R&D Finance; Monte Carlo Simulation; Real Options; Binomial Trees; Game Theory; R&D Valuation; Appendices: Sample Term Sheet; The VCFI Spreadsheets; Guide to Crystal Ball. Resources: Excel Templates, PowerPoint Lecturer Slides, Instructor’s Manual, Business Extra Select. 9780470454701 • 550pp • 2010 • Hbk £47.99/€57.60

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INTERNATIONAL FINANCIAL MANAGEMENT

Multinational Financial Management 9th Edition ALAN C. SHAPIRO, University of Southern California

As more businesses in today’s economy are moving towards a global reach, it is essential for finance students to understand how the fundamentals of corporate finance relate to multinational firms. Shapiro’s Multinational Financial Management 9th Edition provides that conceptual framework within which key financial decisions of a multinational firm can be analyzed. The author’s comprehensive approach is to treat international financial management as a natural extension of the principles learned in the first course in financial management. The book builds its coverage of international finance on the framework of valuation established by domestic corporate finance.

Also Available:

• New updates throughout, including new illustrations, questions, and problems.

Foundations of Multinational Financial Management, 6th Edition, by Alan Shapiro - 9780470128954

• Enhanced discussion of current topics, such as: the nature and benefits of globalization and Euro currency and Eurobond markets. • New Mini-cases added throughout the chapters that feature a short case with a series of questions for students to answer. • New discussion of the debate over outsourcing, the deindustrialization of America, and the political economy of trade policy. Contents: Introduction: Multinational Enterprise And Multinational Financial Management; The Determination Of Exchange Rates; The International Monetary System; Parity Conditions In International Finance And Currency Forecasting; The Balance Of Payments And International Economic Linkages; Country Risk Analysis; The Foreign Exchange Market; Currency Futures And Options Markets; Swaps And Interest Rate Derivatives; Measuring And Managing Translation And Transaction Exposure; Measuring And Managing Economic Exposure; International Financing And National Capital Markets; The Euromarkets; The Cost Of Capital For Foreign Investments; International Portfolio Investment; Corporate Strategy And Foreign Direct Investment; Capital Budgeting For The Multinational Corporation; Financing Foreign Trade; Current Asset Management And Short Term Financing; Managing The Multinational Financial System. Supplements: Test Bank, Instructor’s Manual with Solutions, PowerPoint Slides, Excel Files, Answers to End-Of-Chapter Questions, Additional Questions, Problems and cases online for students. Readership: It can be used in courses in International Financial Management and International Finance at the upper-level undergraduate or MBA level.

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9780470450352 770pp 2009 Pbk £48.99/€58.80

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INTERNATIONAL FINANCIAL MANAGEMENT

Multinational Finance 4th Edition KIRT BUTLER, Michigan State University, USA

Multinational Finance assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country. The text provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the algebra and terminology to the general principles of multinational financial management. Multinational Finance includes coverage of traditional topics such as foreign exchange and Eurocurrency markets, multinational treasury management, management of currency risk exposures (transaction, operating, and translation), country risk, multinational capital structure and cost of capital, taxation of foreign source income, and international portfolio diversification. Also included are distinctive chapters on the economic rationale for hedging currency risks, derivatives markets (with separate chapters on currency futures, options, and swaps), real options in international markets, international corporate governance, and international asset pricing. Contents: PART ONE: The International Financial Environment; An Introduction to Multinational Finance; World Trade and the international Monetary System; Foreign Exchange and Eurocurrency Markets; The International Parity Conditions; PART TWO: Derivative Securities for Financial Risk Management; Currency Futures and Futures Markets; Currency Options and Options Markets; Currency Swaps and Swaps Markets; PART THREE: Managing the Risks of Multinational Operations; The Rationale for Hedging Currency Risk; Treasury Management of international Transactions; Managing Transaction Exposure to Currency Risk; Managing Operating Exposure to Currency Risk; Managing Translation Exposure and Accounting for Financial Transactions; PART FOUR: Valuation and the Structure of Multinational Operations; Foreign Market Entry and Country Risk Management; Cross-Border Capital Budgeting; Multinational Capital Structure and Cost of Capital; Taxes and Multinational Corporate Strategy; Real Options and CrossBorder Investment Strategy; Corporate Governance and the International Market for Corporate Control; PART FIVE: International Portfolio Investment and Asset Pricing; International Capital Markets; International Portfolio Diversification; International Asset Pricing. Supplements: Instructor resources include PowerPoint Slides, Handouts, Solutions Manual, and Testbank.

9781405181181 696pp 2008 Hbk ÂŁ29.95/â‚Ź36.00

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INTERNATIONAL FINANCIAL MANAGEMENT Foundations of Multinational Financial Management 6th Edition ALAN SHAPIRO, University of Southern California and ATULYA SARIN, Santa Clara University, USA Now updated and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 6/e emphasizes broad concepts and practices, and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.

9780470128954 • 576pp • 2008 Hbk • £46.99/€56.40

Contents: Part I: Environment of International Financial Management. Introduction: Multinational Enterprise and Multinational Financial Management; The Determination of Exchange Rates; The International Monetary System; Parity Conditions in International Finance and Currency Forecasting; The Balance of Payments and International Economic Linkages. Part II: Foreign Exchange and Derivatives Markets; The Foreign Exchange Market; Currency Futures and Options Markets; Swaps and Interest Rate Derivatives. Part III: Foreign Exchange and Risk Management; Measuring and Managing Translation and Transaction Exposure; Measuring and Managing Economic Exposure. Part IV: Foreign Markets and Investments; Country Analysis; International Financing and National Capital Markets; International Portfolio Investment; Capital Budgeting for the Multinational Corporation. Part V: Financing and Controlling Multinational Operations; Foreign Trade and Short-term Financing; Managing the Multinational Financial System. Supplements: Sample Chapters, PowerPoint Pesentations, Author PowerPoints, Test Bank, Instructor’s Manual, Additional Case Studies, Case Notes for Additional Case Studies.

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ISLAMIC FINANCE Islamic Finance in a Nutshell A Guide for Non-Specialists BRIAN KETTELL Islamic Finance in a Nutshell is a quick and easy guide to understanding the fundamentals of Islamic finance and how the Islamic financial markets work. Designed as a quick read for practitioners needing to pick up the basics of the industry, it will enable readers to understand the differences between Islamic and Western finance. Starting with the rise of Islamic finance, the book highlights the key areas which practitioners need to grasp to understand the marketplace including financial statement analysis, Sharia’s law, making money in the absence of interest and regulation. The book also provides readers with a basic guide to Arab terminology and a guide to the top financial institutions within the Islamic markets. 9780470748619 • 192pp • 2010 Pbk • £16.99/€20.40

This is an ideal guide for anyone with an interest in how these financial markets work, but who do not want to be bogged down in complex and unnecessary terminology. Contents: Introduction; What is Islamic Banking?; If Islamic Banks Cannot Charge Interest; How Do They Make Money?; Sharia’a Law; It is Not Only Lawyers Who Need to Know About It; Sharia’a Boards; Roles, Responsibility and Membership; Financial Statement Analysis for Islamic Banks; The Islamic Banking Infrastructure; Appendix 1: How Much Arabic do You Need to Know to Work in the Islamic Banking Industry?; Appendix 2: The Top 500 Islamic Financial Institutions; Crossword; Index.

Frequently Asked Questions in Islamic Finance BRIAN KETTELL Frequently Asked Questions in Islamic Finance is a one of a kind guide to the key elements and principles of Islamic Finance. Written by industry expert Brian Kettell, it answers some of the most frequently asked questions he has encountered from his many years of experience working and teaching in Islamic finance and banking. From knowledge of the Qur’an and Sharia’a law, to new and old Islamic financial concepts, Islamic terms and financial instruments and services, this book covers all the key areas that practitioners need to know in order to understand Islamic Finance. The book also features overviews of the products and services, illustrative examples of how these work in practice, and a question and answer service for readers seeking to test and build their knowledge of the area.

9780470748602 • 192pp • 2010 Pbk • £19.99/€24.00

Contents: Preface; Introduction; The Islamic Banking Timeline (1890-2010); Frequently Asked Questions; Why is Interest (Riba) Forbidden to Muslims?; Derivatives and Islamic Finance; How do you Establish an Islamic Bank?; Islamic Banking and Finance Qualifications; How Much Arabic do you Need to Know to Work in the Industry?; Test Your Knowledge; Further Reading; Crossword; Appendix Answers to Chapter 8; Test Your Knowledge; Index.

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FINANCIAL MARKETS & INVESTMENTS

Investments 2nd Edition KEITH CUTHBERTSON and DIRK NITZSCHE, both of CASS Business School

An excellent introduction to global financial markets.

Based on class-tested material, the authors link theory and real world issues in their coverage of equity, bond and FX strategies including methods such as chartism, neural networks and chaos theory. Raising funds in the money markets and via equity and debt securities, as well as dividend and merger policy provide further practical illustrations of theoretical ideas. Futures, options and swaps and their use in speculation, hedging and arbitrage are also examined. The authors include a vast array of pedagogy, including chapter objectives summaries; end of chapter exercises; numerous real-world examples and case vignettes; Excel spreadsheets providing simulations for the reader; a glossary of terms; clear, simple and consistent mathematical notation. • The mathematical level of the text is lowered in order to make the text more accessible to a wider audience. • New material has been added on behavioural finance, mutual hedge funds, private equity, weather and energy derivatives and their risk management. • Material on Corporate Finance has been removed. • A real-world flavour throughout. • Concludes with a basic introduction to derivatives and risk management. Contents: PART 1: FINANCIAL MARKETS: Markets and Players; Raising Finance; Financial Instruments; Trading Securities; Investment Companies; PART 2: VALUATION: Valuation Techniques; Cost of Capital; Valuing Firms; PART 3: ASSET RETURNS AND PORTFOLIO THEORY: Measuring Asset Returns; Portfolio Theory; International Portfolio Diversification; Single-Index Model; CAPM and APT 265; PART 4: EQUITY MARKETS: Stock Valuation and the EMH; Behavioural Finance and Anomalies; Predicting Stock Returns; Technical Trading Rules; PART 5: FOREIGN EXCHANGE MARKET: Spot and Forward Markets; PART 6: FIXED-INCOME MARKETS: Money Markets; Bond Markets; Term Structure of Interest Rates; Bond Market Strategies; PART 7: DERIVATIVES: Derivative Securities; Futures Markets; Options Markets; Options Pricing; Energy and Weather Derivatives; PART 8: PORTFOLIO MANAGEMENT: Private Equity; Performance of Mutual Funds; Hedge Funds; Market Risk and Value at Risk. Readership: MBA and advanced undergraduate students of business and related degrees taking a course in investments. Supplements: A Lecturer Companion Website will be available hosting questions and answers, excel data sets, an image archive containing tables from the book and PowerPoint slides.

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9780470519561 770pp 2008 Pbk £39.99/€46.00

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FINANCIAL MARKETS & INVESTMENTS

Modern Portfolio Theory and Investment Analysis 8th Edition EDWIN J. ELTON, MARTIN J. GRUBE and STEPHEN BROWN, all of New York University, and WILLIAM GOETZMANN, Yale University

An update of a definitive investment text, Modern Portfolio Theory is a comprehensive guide to asset allocation, portfolio optimization, asset pricing models, and securities analysis, with an emphasis on practical, empirical methodology and technique. The 8th edition of Modern Portfolio Theory has been updated with new developments in behavioral finance and choice theory, recent results in asset pricing models, new research on hedge funds and mutual funds, and novel approaches to optimization, including the liability framework and simulation methods for investment decision making and risk analysis. • The eighth edition also discusses financial instruments and strategies in the context of the current financial crisis. • Offers more problems so that readers can test their knowledge. • Provides additional charts and graphs to help simplify equations. Contents: Part 1 INTRODUCTION: Introduction; Financial Securities; Financial Markets; Part 2 PORTFOLIO ANALYSIS: MEAN VARIANCE PORTFOLIO THEORY; The Characteristics of the Opportunity Set Under Risk; Delineating Efficient Portfolios; Techniques for Calculating the Efficient Frontier; SIMPLIFYING THE PORTFOLIO SELECTION PROCESS: The Correlation Structure of Security Returns: The SingleIndex Model; The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques; Simple Techniques for Determining The Efficient Frontier; SELECTING THE OPTIMUM PORTFOLIO: Estimating Expected Returns; How to Select Among the Portfolios in the Opportunity Set; Section 4 WIDENING THE SELECTION UNIVERSE: International Diversification; Part 3 MODELS OF EQUILIBRIUM IN THE CAPITALMARKETS: The Standard Capital Asset Pricing Model; Nonstandard Forms of Capital Asset Pricing Models; Empirical Tests of Equilibrium Models; The Arbitrage Pricing Model Apt – A Multi-Factor Approach To Explaining Asset Prices; Part 4 SECURITY ANALYSIS AND PORTFOLIO THEORY: Efficient Markets; The Valuation Process; Earnings Estimation; Behavioral Finance, Investor Decision Making, and Asset Pricing; Interest Rate Theory and the Pricing of Bonds; The Management of Bond Portfolios; Option Pricing Theory; The Valuation and Uses of Financial Futures; Part 5 EVALUATING THE INVESTMENT PROCESS: Evaluation of Portfolio Performance; Evaluation of Security Analysis; Portfolio Management Revisited. Supplements: Instructor’s Manual with tests, Answers, Test Questions, PowerPoint Presenations, Investment Portfolio Software, Business Extra Select.

9780470505847 750pp 2010 Pbk £47.99/€57.60

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FINANCIAL MARKETS & INVESTMENTS

Valuation Measuring and Managing the Value of Companies University Edition, 5th Edition McKINSEY & COMPANY INC, TIM KOLLER, MARC GOEDHART and DAVID WESSELS

Designed for classroom use, Valuation, University Edition, 5E is filled with expert guidance that students have come to trust. It contains a solid framework for valuation: analyzing historical performance, including reorganizing a company’s financial statements to reflect economic rather than accounting performance; forecasting performance, with emphasis on not just the mechanics of forecasting but also how to think about a company’s future economics; estimating the cost of capital with practical tips that aren’t found in textbooks; interpreting the results of a valuation in light of a company’s competitive situation; and linking a company’s valuation multiples to the core drivers of its performance. For Professionals & Students: • Updated to reflect recent events, including the credit crisis and global economic recession, and puts into context their effects on company performance and the stock market. • New case examples that illustrate application of techniques to real-world situations. • Additional new material on linkage between strategy and value creation. • New chapters on advanced valuation topics. Contents: Part One Foundations of Value; Why Value Value? Fundamental Principles of Value Creation; Expectations Treadmill; Return on Invested Capital; Growth; Part Two Core Valuation Techniques; Frameworks for Valuation; Reorganizing the Financial Statements; Analyzing Performance and Competitive Position; Forecasting Performance; Estimating Continuing Value; Estimating the Cost of Capital; Moving from Enterprise Value to Value per Share; Evaluating and interpreting the Results; Using Multiples; Part Three Intrinsic Value and the Stock Market; Market Values Track ROIC and Growth; Markets Value Substance, Not Form; Emotions and Mispricing in the Market; Investors and Managers in Efficient Markets; Part Four Managing for Value; Corporate Portfolio Strategy; Performance Management; Mergers and Acquisitions; Divestitures; Capital Structure; Investor Communications; Part Five Advanced Valuation Issues; Taxes; Nonoperating Expenses, One-time Charges, Reserves and Provisions; Leases, Pensions and Other Obligations; Capitalized Expenses; Inflation; Foreign Currency; Case Study: Heineken; Part Six Special Situations; Flexibility; Companies in Emerging Markets; High-Growth Companies; Cyclical Companies; Banks; Appendices; Index. Resources: PowerPoints, Case Exercises and Solutions, Test Bank, Complete Course Syllabus linked to book chapters.

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9780470424704 838pp 2010 Pbk £57.50/€68.00

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FINANCIAL MARKETS & INVESTMENTS

Investments

Investment Ethics

Principles and Concepts

SARAH PECK, Marquette University

11th Edition

The need for ethical education is as long standing as the history of scandals that plague the financial industry. Understanding the cause and effect of economic crises and scandals from an ethical perspective ensures the long run health of our financial markets. Sarah W. Peck’s Investment Ethics is an applied and uniquely focused textbook that provides students with the tools, examples, and exercises they need to understand ethical concepts and consequences in the practice of finance; especially regarding investments. This text serves not only as a key tool in the classroom, but also a longstanding guide for examining the ethical practices of companies and organizations.

CHARLES JONES, North Carolina State University Throughout changing investment opportunities, problems, and controversies, Charles P. Jones’s Investments: Principles and Concepts remains one of the most readable and comprehensive investments texts today. Students and professors can count on the new 11th Edition for clarity, currency, and balance. In its effective organizational structure and essentials approach, important analytical methods and data and new and foundational finance concepts are all presented at a level that individuals of all investments backgrounds appreciate. Contents: Investing is an Important Activity Worldwide; Investment Alternatives: Generic Principles All Investors Must Know; Indirect Investing: A Global Activity; Securities Markets Matter to All Investors; All Financial Markets Have Regulations and Trading Practices; Return and Risk: The Foundation of Investing Worldwide; Portfolio Theory is Universal; Portfolio Selection for All Investors; Asset Pricing Principles; Common Stock Valuation: Lessons for All Investors; Managing a Stock Portfolio: A Worldwide Issue; What Happens If Markets Are Efficient – Or Not?; Economy/Market Analysis Must Be Considered By All Investors; Sector/Industry Analysis; Company Analysis; Technical Analysis; Fixed Income Securities Are Available Worldwide; Managing Bond Portfolios: Some Issues Affect All Investors; Understanding Derivative Securities: Options; Understanding Derivative Securities: Futures; All Investors Must Consider Portfolio Management; Evaluation of Investment Performance: A Global Concept; Glossary; Index; Interest Tables. 9780470553077 • 672pp • 2010 • Pbk £47.99/€57.60

• Balanced, focused treatment of the contemporary topic of investment ethics. • 30 Cases with Critical Thinking Questions to engage students. • Applied Student Projects to apply investment theory and analysis and help students prepare for the ethical dilemmas they will face in the workforce. • Integrated Appendices review basic material in investments and accounting. • Extended Coverage to compliment professional codes of ethics and help prepare for CFA and CFP exams. Contents: Part I: Ethical Behavior; Introduction: The Case for Investment Ethics; Fiduciary Duty of Investment Professionals- The Ethical Treatment of the Client; Ethical Reporting of Investment Performance; Ethical Use of Information; Analyst Integrity; Part II: Ethical Security Analysis; Investing in Companies with Ethical Accounting Practices; Investing in Companies with Good Corporate Governance Practices; Socially Responsible Investing; Cases.

Entrepreneurial Finance 2nd Edition RICHARD L. SMITH, Claremont Graduate University and JANET A. KIHOLM SMITH, Claremont McKenna College Smith and Smith apply current thinking in the areas of valuation, real options, and the economics of contracts to new venture decision making. Readers learn to think of new ventures as portfolios of real options, value financial claims of the entrepreneur and venture capital investors, and structure financial contracts in light of new venture information problems. They also learn to use simulation and scenario analysis to evaluate the implications of uncertainty and financial decisions. Contents: Part I: Getting Started; Introduction; An Overview of New Venture Financing; Part II: Financial Aspects of Strategic and Business Planning; The Business Plan; New Venture Strategy; Developing Business Strategy: Using Simulations; Part III: Financial Forecasting; Methods of Financial Forecasting; Assessing Financial Needs; Part IV: Valuation; The Framework of New Venture Valuation; Valuation in Practice – The Outside Investor’s Perspective; Valuation – The Entrepreneur’s Perspective; Part V: Organizational Design & Financial Contracting; Financial Contracting with Symmetric Information; Dealing with Information and Incentive Problems; Financial Contracting; Part VI: Financing Sources and Harvesting; Venture Capital; Choice of Financing; Harvesting; Part VII: Conclusion; The Future of Entrepreneurial Finance: A Global Perspective. Resources: Instructor’s Resources and Student Resources can be found online. 9780471230724 • 640pp • 2004 • Hbk Price on request

Resources: Instructor’s Manual, Business Extra Select. 9780470434536 • 304pp • 2010 • Pbk £29.99/€36.00

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FINANCIAL MARKETS & INVESTMENTS

Venture Capital and Private Equity A Casebook 4th Edition JOSH LERNER et al, Harvard Business School, USA The cases and notes in this updated edition are designed to provide readers with a better understanding of the history of the private equity industry's development and the workings of the industry today. Divided into four modules, the first examines how private equity funds are raised and structured; the second considers the interactions between private equity investors and the entrepreneurs that they finance; the third discusses the process through which private equity investors exit their investments; and the last considers the future of the private equity industry. Features: • A collection of real world cases that explore the exciting and dynamic world of venture capital and buyout funds. • Uncovers both the short-run and long-run effects for private equity investments.

Valuation for Mergers, Buyouts and Restructuring

10th Edition

ENRIQUE ARZAC

DAVID KIDWELL, University of Minnesota, DAVID W. BLACKWELL, Texas A&M University, DAVID WHIDBEE, Washington State University and RICHARD PETERSON, Texas Tech University

In this up-to-date synthesis of current valuation theory and practice, Enrique Arzac applies the latest academic thinking to mergers, buyouts, and restructuring, and blends it with his own practical approach to valuation developed over years of consulting. Throughout, he provides illustrative examples as well as answers to many of the valuation problems commonly encountered in professional practice. The result is a valuable toolkit of valuation procedures and analysis methods.

Reflecting today’s global marketplace, this book presents a balanced overview of the U.S. financial system coupled with an introduction to international markets. The new edition includes more real-world examples, more personal finance examples, and additional “In Practice” boxes that describe current trends and issues in business. Special attention is given to the Federal Reserve System and its conduct of monetary policy. The authors also stress the risks that the financial institutions face (ie interest rate risk, credit risk, liquidity risk, foreign exchange risk) and how they can manage those risks in financial markets. Features:

• Describes the emerging efforts to translate the private equity model into other settings, such as corporate venturing programs. Contents: Fundraising; Investing; Exiting; New Frontiers Organization, Strategy and Scaling. 9780470224625 • 608pp • 2008 • Hbk £44.99/€54.00

Financial Institutions, Markets, and Money

• Provides comprehensive coverage of financial institutions and markets. • Includes discussions of the latest topics and trends in the industry, including electronic banking, electronic trading, and global market interactions. • Details how interest rates are determined. • Explores financial markets, commercial banking, and financial institutions. Contents: The Financial System; How Interest Rates are Determined; Financial Markets; Commercial Banking; Financial Institutions. 9780470171615 • 704pp • 2008 • Hbk Price on request

2nd Edition

Contents: Part I. The Tools of Valuation; A User’s Guide; Forecasting and Valuation of Free Cash Flows; The Equity Premium and the Cost of Capital; Metrics and Multiples; Economic Value Added; Valuation with Changing Capital Structure; Debt Capacity for Acquisition Financing; Valuing Entry and Exit Options; Part II: Mergers, Acquisitions and Buyouts: Merger and Acquisitions; Deal making with Differences of Opinion; Special Offer Structures: Price Guarantees and Collars; Valving Emerging Market Companies; Leveraged Buyouts; Part III: Recapitalizations and Restructuring: Recapitalization of Troubled Companies; Asset Restructuring; Appendices; References. Resources: Instructor’s Resources including an Instructor’s Manual. Student Resources including Valuation Aids CD-Rom (professional-level software for estimating the equity premium and valuing financial and real options), DealModeler Deal Modeling and Valuation Excel workbook (this program is an integrated financial model for preparing pro-forma financial statements and performing valuation of mergers, acquisitions, and leverage buyouts in practical work). 9780470128893 • 480pp • 2007 • Hbk Price on request

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FINANCIAL MARKETS & INVESTMENTS Investment Valuation Tools and Techniques for Determining the Value of Any Asset 2nd Edition ASWATH DAMODARAN, New York University Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more. Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses. New to This Edition: 9780471414902 • 1008pp • 2002 Pbk • £55.00/€64.00

• All examples have been updated, and 10 new chapters have been added. In total, over 200 new pages make it much more comprehensive. • More interactive use of online databases, spreadsheets and other supporting tools, allowing the book to have a close link with real-time valuation exercises. Contents: Introduction To Valuation; Approaches To Valuation; Understanding Financial Systems; The Basics Of Risks; Option Pricing Theories And Models; Market Efficiency; Riskless Rates And Risk Premiums; Estimating Risk Parameters And Costs Of Financing; Measuring Earnings; From Earnings To Cash Flows; Estimating Growth; Stable Growth And Firm Value; Dividend Discount Models; Free Cash Flow To Equity Discount Models; Valuing A Firm – The Free Cash Flow To Firm Approach.

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41

QUANTITATIVE FINANCE

Quantitative Financial Economics Stocks, Bonds and Foreign Exchange 2nd Edition KEITH CUTHBERTSON and DIRK NITZSCHE, both of Imperial College, London

Revised and updated to reflect new developments in the field, the book provides an introduction to models of economic behaviour in financial markets, focusing on discrete time series analysis. Emphasis is placed on theory, testing and explaining ‘real-world’ issues. • Covers the most recent theoretical and econometric/empirical advances in the financial markets field. • Empirical results illustrate technical theories. • Lucid and accessible – the reader progresses from simple to more complex models. • Skillfully blends theory and practice. • Contains chapters on Monte Carlo simulation, bootstrapping and market microstructure. Contents: Basic Concepts in Finance; Basic Statistics in Finance; Efficient Markets Hypothesis; Are Stock Returns Predictable?; Mean-Variance Portfolio Theory and the CAPM; International Portfolio Diversification; Performance Measures, CAPM and APT; Empirical Evidence: CAPM And APT; Applications of Linear Factor Models; Valuation Models and Asset Returns; Stock Price Volatility; Stock Prices: The VAR Approach; SDF Model and the C-CAPM; C-CAPM: Evidence and Extensions; Intertemporal Asset Allocation: Theory; Intertemporal Asset Allocation: Empirics; Rational Bubbles and Learning; Behavioural Finance and Anomalies; Behavioural Models; Theories of the Term Structure; The EH – From Theory to Testing; Empirical Evidence on the Term Structure; SDF and Affine Term Structure Models; The Foreign Exchange Market; Testing CIP, UIP and FRU; Modelling the FX Risk Premium; The Exchange Rate and Fundamentals; Market Risk: Value At Risk; Volatility and Market Microstucture; References; Index. Readership: Undergraduates studying Financial Markets, Postgraduates studying the behaviour of financial markets. Resources: Instructor Resources including PowerPoint Slides and Lecture Slides.

9780470091715 736pp 2004 Pbk £38.99/€46.80

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QUANTITATIVE FINANCE

Empirical Finance for Finance and Banking ROBERT SOLLIS, Newcastle University Business School The theme of this book is how empirical analysis can be used in Finance to test financial theory, model policy implications, and to forecast for investment purposes, rather than focusing in detail on the statistical and mathematical theory behind the models used. Empirical examples will be used throughout as pedagogical devices. The theory covered is at a level suited to specialist MSc students, many of which embark on MSc Finance courses with a limited knowledge of econometrics. The most technically challenging theoretical material will be placed in separate boxes in each chapter, so that it can be easily omitted for lower level courses. • One of the few comprehensive books on the market that tackles the topic of Empirical Finance. • Self-contained chapters that can be used individually. • Covers topics in both traditional – and less-traditional finance topics which makes it ideal for MSc specialist Finance courses. • Deals with topics not covered in Financial Econometrics texts. Contents: Introduction; Market Efficiency; Technical Analysis; Asset Pricing Models; Volatility; Behavioural Finance; Interest Rates; Credit Risk; Exchange Rates. 9780470512890 • 352pp • 2011 • Pbk £36.99/€44.40

Paul Wilmott Introduces Quantitative Finance

Frequently Asked Questions in Quantitative Finance

2nd Edition

2nd Edition

PAUL WILMOTT, Oxford University and Imperial College

PAUL WILMOTT, Oxford University and Imperial College

This new edition of Paul Wilmott Introduces Quantitative Finance includes an update of all chapters in line with the updates in the new Paul Wilmott on Quantitative Finance Second Edition, along with a new CD-Rom. It provides a comprehensive introduction to both traditional and new derivatives and financial engineering techniques and is suitable for students and those who are new to the area. It is a highly accessible introduction to both the classical and less traditional quantitative models and methods that underlie the modern-day world of derivative contract valuation and risk management.

In this second edition of Frequently Asked Questions in Quantitative Finance, Paul Wilmott continues his mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the supersophisticated stratosphere. Quant finance should inhabit the middle ground, the mathematics sweet spot, where the models are robust and understandable, and easy to mend.

Contents: Products and Markets: Equities, Commodities, Exchange Rates, Forwards and Futures; Derivatives; The Binomial Model; The Random Behavior of Assets; Elementary Stochastic Calculus; The BlackScholes Model; Partial Differential Equations; The Black-Scholes Formulæ and the ‘Greeks’; Overview of Volatility Modeling; How to Delta Hedge; An Introduction to Exotic and Path-dependent Options; Classification tables; Multi-asset Options; Barrier Options; Fixed-income Products and Analysis: Yield, Duration and Convexity; Swaps; One-factor Interest Rate Modeling; Yield Curve Fitting; Interest Rate Derivatives; The Heath, Jarrow & Morton and Brace, Gatarek & Musiela Models; Investment Lessons from Blackjack and Gambling; Portfolio Management; Value at Risk; Credit Risk; RiskMetrics and CreditMetrics; CrashMetrics; Derivatives **** Ups; Overview of Numerical Methods; Finite-difference Methods for One-factor Models; Monte Carlo Simulation; Numerical Integration; Appendices; Index.

This book contains important FAQs and answers that cover both theory and practice. There are sections on how to derive Black-Scholes (a dozen different ways!), the popular models, equations, formulae and probability distributions, critical essays, brainteasers, and the commonest quant mistakes. The quant mistakes section alone is worth trillions of dollars! Contents: Quantitative Finance Timeline; FAQ’s; Financial Modelers Manifesto; Essays; Where Quants Go Wrong; The Most Popular Probability Distributions And Their Uses In Finance; Twelve Ways To Derive Black-Scholes; Models And Equations; Black-Scholes And Greeks; Common Contracts; Popular Quant Books; Popular Word Search; Name And Shame; Brainteasers; Paul And Dominic’s Guide To Getting A Quant Job; CQF. 9780470748756 • 624pp • 2009 • Pbk £29.99/€36.00

9780470319581 • 722pp • 2007 • Pbk £39.99/€48.00

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QUANTITATIVE FINANCE

Market Risk Analysis Volume I: Quantitative Methods in Finance CAROL ALEXANDER, ISMA University of Reading Written by leading market risk academic, Professor Carol Alexander, Quantitative Methods in Finance forms part one of the Market Risk Analysis four volume set. Starting from the basics, this book helps readers to take the first step towards becoming a properly qualified financial risk manager and asset manager, roles that are currently in huge demand. Instead the emphasis is on understanding ideas rather than on mathematical rigour, meaning that this book offers a fast-track introduction to financial analysis for readers with some quantitative background, highlighting those areas of mathematics that are particularly relevant to solving problems in financial risk management and asset management. Contents: Basic Calculus for Finance; Essential Linear Algebra for Finance; Probability and Statistics; Introduction to Linear Regression; Numerical Methods in Finance; Introduction to Portfolio Theory. Details of other volumes in this set and further information on this book can be found online. 9780470998007 • 318pp • 2008 • Hbk £40.00/€48.00

Fundamentals of Actuarial Mathematics

Analysis of Financial Data

2nd Edition

Analysis of Financial Data teaches basic methods and techniques of data analysis to finance students. It covers many of the major tools used by the financial economist i.e. regression and time series methods including discussion of nonstationary models, multivariate concepts such as cointegration and models of conditional volatility. It shows students how to apply such techniques in the context of real-world empirical problems. It adopts a largely nonmathematical approach relying on verbal and graphical intuition and contains extensive use of real data examples and involves readers in hands-on computer work.

S. DAVID PROMISLOW, York University, Toronto This book provides a comprehensive introduction to actuarial mathematics, covering both deterministic and stochastic models of life contingencies, as well as more advanced topics such as risk theory, credibility theory and multi-state models. This new edition includes additional material on credibility theory, continuous timemulti-state models, more complex types of contingent insurances, exible contracts such as universal life, the risk measures VaR and TVaR. Key Features: • Covers much of the syllabus material on the modeling examinations of the Society of Actuaries, Canadian Institute of Actuaries and the Casualty Actuarial Society. (SOA-CIA exams MLC and C, CSA exams 3L and 4.) • Contains a variety of exercises, both computational and theoretical, together with answers, enabling use for self-study. An ideal text for students planning for a professional career as actuaries, providing a solid preparation for the modeling examinations of the major North American actuarial associations. Furthermore, this book is highly suitable reference for those wanting a sound introduction to the subject, and for those working in insurance, annuities and pensions.

GARY KOOP, University of Strathclyde

Contents: Introduction; Basic Data Handling; Correlation; An Introduction to Simple Regression; Statistical Aspects of Regression; Multiple Regression; Regression with Dummy Variables; Regression with Lagged Explanatory Variables; Univariate Time Series Analysis; Regression with Time Series Variables; Regression with Time Series Variables with Several Equations; Financial Volatility. Resources: Students Resources including Datasets and Overhead Transparencies. 9780470013212 • 250pp • 2005 • Pbk £30.99/€37.20

9780470684115 • 480pp • 2010 • Hbk £50.00/€60.00

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FIXED INCOME SECURITIES

Fixed Income Securities Valuation, Risk, and Risk Management

Fixed-Income Securities Valuation, Risk Management and Portfolio Strategies LIONEL MARTELLINI, PHILIPPE PRIAULET and STEPHANE PRIAULET This is the first comprehensive textbook for students studying fixed-income securities, and is ideally suited to MBA, MSc and final year undergraduate students in Finance and related topics. The text offers an accessible and detailed account of interest rates and risk management in bond markets. It also provides extensive coverage on all sectors of the bond market, and the techniques for valuing bonds. In addition, explanation is given of state-of-the-art techniques for bond portfolio management. Contents: Part I. Investment Environment; Bonds and Money-Market Instruments; Bond Prices and Yields; Part II. Term Structure of Interest Rates; Empirical Properties and Classical Theories of the Term Structure; Deriving the Zero-Coupon Yield Curve; Part III. Hedging Interest Rate Risk; Hedging Interest-Rate Risk with Duration; Beyond Duration; Part IV. Investment Strategies; Passive Fixed-Income Portfolio Management; Active Fixed-Income Portfolio Management; Performance Measurement on Fixed-Income Portfolios; Part V. Swaps and Futures; Swaps; Forwards and Futures; Part VI. Modeling the Term Structure of Interest Rates and Credit Spreads; Modeling the Yield Curve Dynamics; Modeling the Credit Spreads Dynamics; Part VII. Plain Vanilla Options and More Exotic Derivatives; Bonds with Embedded Options and Options on Bonds; Options on Futures, Caps, Floors and Swaptions; Exotic Options and Credit Derivatives; Part VIII. Securitization; Mortgage-Backed Securities; Asset-Backed Securities; Subject Index; Author Index.

PIETRO VERONESI, University of Chicago

Providing the tools to understand the complexities of fixed income modern markets! As the world of fixed income securities becomes more complex, anyone who studies fixed income securities must be exposed more directly to this complexity. Wiley is proud to present a brand new text, Fixed Income Securities, to provide a thorough discussion of these complex securities, the forces affecting their prices, their risks, and of the appropriate risk management practices. This text is unique in that it provides a methodology – not a shopping list. Author Pietro Veronesi has a deep understanding of the forces that affect the valuation, risk and return of fixed income securities and their derivatives has never been so important. Throughout the text, he provides clear examples and methodologies that can be applied quite universally, once the basic concepts have been understood. Contents: PART I: BASICS: An Introduction to Fixed Income Markets; Basics of Fixed Income Securities; Basics of Interest Rate Risk Management; Basic Refinements in Interest Rate Risk Management; Interest Rate Derivatives: Forwards and Swaps; Interest Rate Derivatives: Futures and Options; Inflation, Monetary Policy, and the Federal Funds Rate; Basics of Residential Mortgage Backed Securities; PART II: TERM STRUCTURE MODELS: TREES: One-Step Binomial Trees; Multi-Step Binomial Trees; Risk Neutral Trees and Derivative Pricing; American Options; Monte Carlo Simulations on Trees; PART III: TERM STRUCTURE MODELS: CONTINUOUS TIME: Interest Rate Models in Continuous Time; No Arbitrage and the Pricing of Interest Rate Securities; Dynamic Hedging and Relative Value Trades; Risk Neutral Pricing and Monte Carlo Simulations; The Risk and Return of Interest Rate Securities; No Arbitrage Models and Standard Derivatives; The Market Model and Options’ Volatility Dynamics; Forward Risk-Neutral Pricing and the LIBOR Market Model; Multifactor Models. Resources: Solutions Manual, Test Bank, PowerPoint Slides, Data Sets and Spreadsheets, Teaching Notes. 9780470109106 • 832pp • 2010 • Hbk • £43.99/€52.80

Resources: Instructor Resources and Student Resources can be found online. 9780470852774 • 662pp • 2003 • Pbk £39.99/€48.00

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RISK MANAGEMENT & MODELLING Financial Engineering Derivatives and Risk Management KEITH CUTHBERTSON and DIRK NITZSCHE, both of Imperial College, London Intended as a stand-alone or as a follow-on to Investments: Spot and Derivative Markets by the same authors, this text provides thorough treatment of futures, ‘plain vanilla’ options, swaps and the use of exotic, interest rate options in speculation and hedging. Pricing of options using numerical methods such as lattices (BOPM), Monte Carlo simulation and finite difference methods as well as solutions via continuous time stochastic processes are also covered. Real options theory and its use in investment appraisal and in valuing internet and biotechnology stocks provide cutting edge practical applications.

9780471495840 • 798pp • 2001 Pbk • £46.99/€56.40

Contents: Preface; DERIVATIVES: AN OVERVIEW; Derivatives: An Overview; FORWARDS AND FUTURES; Futures Markets; Stock Index Futures; Currency Forwards and Futures; Short-Term Interest Rate Futures; T-Bond Futures; OPTIONS AND SWAPS; Options Markets; Options Pricing; Hedging and Volatility; Option Spreads and Stock Options; Foreign Currency Options; Futures Options; Portfolio Insurance; Swaps; ADVANCED DERIVATIVES AND STOCHASTIC PROCESSES: Interest Rate Derivatives; Complex Derivatives; Asset Price Dynamics; Pricing Interest Rate Derivatives; Real Options (Alexander Workman, Co-Author); RISK AND REGULATION; Regulation of Financial Institutions; Regulatory Framework in the UK and US; Market Risk; VaR: Mapping Cash Flows; VaR: Statistical Issues; Credit Risk; Glossary; Index. Resources: Instructor Resources including Questions and Answers.

Risk Management in Banking 3rd Edition JOËL BESSIS, Groupe HEC, Paris Never before has risk management been so important. Now in its third edition, this seminal work by Joël Bessis has been comprehensively revised and updated to take in to account the changing face of risk management. Fully restructured, featuring new material and discussions on new financial products, derivatives, Basel II, credit models based on time intensity models, usage of copulas, implementing risk systems and intensity models of default, includes a section on Subprime. Risk Management in Banking Third Edition considers all aspects of risk management emphasizing the need to understand conceptual and implementation issues of risk management and examining the latest techniques and practical issues, including: • Asset-Liability Management. 9780470019139 • 812pp • 2009 Pbk • £36.99/€44.40

• Risk regulations and accounting standards. • Market risk models. • Credit risk models. • Dependencies modeling. • Credit portfolio models. • Capital Allocation. • Risk-adjusted performance. • Credit portfolio management. Contents: The Financial Crisis; Business Lines, Risks, and Risk Management; Financial Products; Valuation; Risk Modeling; Regulations; Asset Liability Management (ALM); Funds Transfer Pricing Systems; Dependencies and Portfolio Risk; Market Risk; Credit Risk: Standalone; Credit Portfolio Risk; Capital Allocation; Risk-adjusted Performance; Credit Portfolio Management; Conclusion and Financial Reforms; Index.

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RISK MANAGEMENT & MODELLING Corporate Risk Management 2nd Edition TONY MERNA, Alliance and Leicester and FAISAL F. AL-THANI Corporate Risk Management 2nd edition deals with risk and uncertainty and their sources; the evolution of risk management and its processes, risk management tools and techniques (for identification and analyses); corporate and project finance; risks affecting corporate and project finance; risk modeling; portfolio risk management and cash flow analysis; and the application and sequencing of risk management at corporate, strategic business and project levels in an organization.

9780470518335 • 416pp • 2008 Hbk • £45.00/€54.00

Contents: Introduction; The Concept of Risk and Uncertainty and the Sources and Types of Risk; The Evolution of Risk Management and the Risk Management Process; Risk Management Tools and Techniques; Financing Projects, their Risks and Risk Modelling; Portfolio Analysis and Cash Flows; Risk Management at Corporate Level; Risk Management at Strategic Business Level; Risk Management at Project Level; Risk Management at Corporate, Strategic Business and Project Levels; Risk Management and Corporate Governance; Risk Management and Basel II; Quality Related Risks; CASE STUDY 1: Risks in Projects in the Pharmaceutical Industry; CASE STUDY 2: Risk Modelling of Supply and Off-take Contracts in a Petroleum Refinery Procured through Project Finance; CASE STUDY 3: Development of Risk Registers at Corporate, Strategic Business Unit and Project levels and a Risk Statement; CASE STUDY 4: Development of a Typical Risk Statement to Shareholders; References; Index.

Market Risk Analysis Volume IV: Value at Risk Models CAROL ALEXANDER, ISMA University of Reading The fourth volume in the Market Risk Analysis set, Market Risk Analysis: Value-at-Models Models, Volume IV builds on the information in the three previous volumes, which introduced readers to basic knowledge of financial mathematics and statistics particular to value-at-risk (VaR) models. Empirical examples and case studies specific to this volume include: • Parametric linear value at risk (VaR)models: normal, Student t and normal mixture and their expected tail loss (ETL); • New formulae for VaR based on autocorrelated returns; • Historical simulation VaR models: how to scale historical VaR and volatility adjusted historical VaR; 9780470997888 • 492pp • 2009 Hbk • Price on request

• Monte Carlo simulation VaR models based on multivariate normal and Student t distributions, and based on copulas; • Examples and case studies of numerous applications to interest rate sensitive, equity, commodity and international portfolios; • Decomposition of systematic VaR of large portfolios into standard alone and marginal VaR components; • Backtesting and the assessment of risk model risk; • Hypothetical factor push and historical stress tests, and stress testing based on VaR and ETL. Contents: Value at Risk and Other Risk Metrics; Parametric Linear VaR Models; Historical Simulation; Monte Carlo VaR; Value at Risk for Option Portfolios; Risk Model Risk; Scenario Analysis and Stress Testing; Capital Allocation.

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INTRODUCTORY ECONOMICS

The Economic System

Economics

ELEANOR DOYLE, University College Cork, Ireland

PATRICK WELCH, St Louis University and GERRY WELCH, St Louis Community College

Theory and Practice, 9th Edition

Blending traditional methods of economic analysis with an innovative approach that integrates micro and macro elements across nine broad topic areas, Eleanor Doyle considers outcomes of the economic system as a whole, alongside the process of how economies and markets undergo change. The Economic System provides a toolbox for analysing, understanding and addressing the economic issues that we all face. “Students are likely to gain not only an insight into the complexity of an economic system, but also an appreciation of economic theory and its relevance for an understanding of a wide range of current issues.” NAT LEVY, Middlesex University Business School

Contents: Introduction to the Economic System; The Market Mechanism: Demand and Supply; Beyond Demand: Consumers in the Economic System; Beyond Supply: Firms in the Economic System; Explaining Aggregate Economic Activity; The Role of Money and Money Markets in the Economic System; Challenges in the Economic System: Inflation and Unemployment; Role of Competition in the Economic System; Developing the Economic System: Productivity, Growth and Income Distribution. Resources: Instructor Resources including End-of-Chapter Review Questions, Additional Short Web Questions and PowerPoint Slides. Student Resources including End-of-Chapter Review Questions, Case Study Exercises, Real World Examples, Web Links, Further Reading and Multiple-Choice Questions. 9780470850015 • 418pp • 2005 • Pbk £29.99/€36.00

Designed for the Survey of Economics course, Economics: Theory and Practice introduces students to basic economic concepts, institutions, relationships, and terminology. This text prepares students to use economic thinking in their classes, careers, and everyday lives. Flexible in approach, instructor-friendly in structure, and student-friendly in language, the new 9th Edition contains an essential coverage of both microeconomics and macroeconomics, in any sequence. Whether addressing topics such as the effects of inflation on interest rates or an economy’s response to a price increase in consumer goods, no survey of economics course is complete without Patrick and Gerry Welch’s classic text. Contents: Part 1: Introduction To Economics: Introduction To Economics; Economic Decision Making And Economic Systems; Demand, Supply, And Price Determination; Part 2: The Macroeconomy: Goals And Problems Of The Macroeconomy: Employment, Prices, And Production; Foundations Of The Macroeconomy; The Role Of Government In The Macroeconomy; Money, Financial Institutions, And The Federal Reserve; Money Creation, Monetary Theory, And Monetary Policy; Macroeconomic Viewpoints And Models; Part 3: The Microeconomy: Households And Businesses: An Overview; Benefits, Costs, And Maximization; Production And The Costs Of Production; Competition And Market Structures; Government And The Markets; Labor Markets, Unions, And The Distribution Of Income; Part 4: The International Economy: International Trade; International Finance.

Economics as a Second Language MARTHA L. OLNEY, UC Berkeley Business professionals must know economic concepts, but they need a resource that cuts to the chase. Olney does just that by presenting the key concepts, assumptions, and models they’ll apply in the field. This book offers both computational and conceptual analysis of the topics. Each chapter begins with a list of the terms and concepts, graphs and equations being covered. Also included are TIP notes that highlight tricks for remembering or common errors to avoid, and TRY questions that reinforce the information that was discussed. Business professionals will be able to use this book as a quick reference to the most critical concepts. • Presents the key concepts, assumptions, and models. • Offers both computational and conceptual analysis of the topics. • Provides a list of the terms and concepts, graphs and equations being covered in each chapter. • Highlights tricks for remembering or common errors to avoid in TIP notes. • Reinforces the information that was discussed using TRY questions. 9780470067819 • 336pp • 2010 • Pbk £20.95/€24.80

Resources: Instructor’s Manual; PowerPoint Presentations; Test Bank; Computerized Test Bank; Study Guide. 9780470450093 • 560pp • 2009 • Pbk Price on request

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MACROECONOMICS

Macroeconomics Understanding the Wealth of Nations 2nd Edition DAVID MILES, Bank of England and ANDREW SCOTT, London Business School

Written with a strong business focus, Miles and Scott’s Macroeconomics, Second Edition examines fascinating, real-world economic issues, shows why these issues matter, and uses them as an entry point into advanced economic theory. Throughout, the authors present technical material clearly and accessibly, allowing students to develop a solid understanding of the global economy and how economists think about it. Features: • Offers a unique blend of international perspective, technical detail, and real-world examples. • Presents a wide range of topics using extensive current and historical data. • Focuses on the international economy with an extensive analysis of exchange rates and global capital markets. • This text is particularly suited to MBA students, business majors, and more generally to those who want to understand macroeconomics, but are not aiming to become specialists. Contents: Introduction; What is Macroeconomics?; The Language of Macro – The National Income Accounts; Economic Growth & The Supply Side; The Wealth of Nations – The Supply Side; Capital Accumulation and Economic Growth; Total Factor Productivity, Human Capital and Technology; Endogenous Growth and Convergence; Unemployment and the Labor Market; International Trade; Globalization; Money and Taxes; Fiscal Policy and the Role of Government; Money and Prices; Business Cycles and Economic Policy; Consumption; Investment; Business Cycles; Monetary Policy; Stabilization Policy; Asset Markets and Financial Sector; Equity Markets; Bond Market; Exchange Rates and Global Capital Markets; Exchange Rate Determination I – Real Exchange Rate; Exchange Rate Determination II – Nominal Exchange Rates and Asset Markets; Currency Crises, Exchange Rate Systems. Resources: Instructor’s Resources including Testbank, Instructor’s Manual and Web Quizzes.

9780470868928 632pp 2004 Pbk £40.99/€49.20

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MACROECONOMICS

Transition Economies Political Economy in Russia, Eastern Europe, and Central Asia MARTIN MYANT, University of the West of Scotland and JAN DRAHOKOUPIL, Central European University, Budapest

“The authors have managed to include the entire, very diverse region of Eastern Europe and the CIS in their analysis. They have done it by using pre-defined categories, but also coming up with their own way of classifying and ranking these countries… The timeliness of their analysis, attempting to classify the transition economies also in terms of how they are coping with the [2008-09 financial] crisis, gives the book extra value.” Carolyn Ann Kadas, University of Bologna Transition Economies provides students with an up-to-date and highly comprehensive analysis of the economic transformation in former communist countries of Eastern and Central Europe and countries of the former Soviet Union. With coverage extending from the end of central planning to the capitalist varieties of the present, this text provides a comparative analysis of economic transformation and political-economic diversity that has emerged as a direct result. It covers differences between countries in terms of economic performance and integration into the world economy. Transition Economies explains and deepens understanding of these differences, chart the emerging forms of capitalism there, and provide country responses to the world financial crisis of 2008-2009.

“The text… combines theory-led reasoning with empirical data in an excellent way. The authors highlight the limits of the Varieties of Capitalism approach in explaining the development trajectories in Eastern Europe and the CIS countries and provide convincing alternative explanations. Their critique of the Washington Consensus policies is well argued and supported by empirical data.” Joachim Becker, University of Vienna

Contents: The System Of State Socialism; The Successes And Failures Of Central Planning; From Reform To Breakdown; The Courses Of Transition; A Strategy For Transition; Alternatives And Adaptations; State Capacity And The Rule Of Law; State Consolidation: Russia In A Comparative Perspective; Limits To An Active State; Welfare States And Regimes; Enterprises: Shock And Survival; The Growth Of New Business; Privatization; A New Banking System; Enterprises In The Period Of Economic Recovery; Conclusion: Emerging Capitalisms And Economic Crisis.

9780470596197 416pp 2010 Hbk £37.99/€45.60

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MACROECONOMICS

International Macroeconomics PETER J. MONTIEL, Williams College, USA

Macroeconomics as a Second Language MARTHA L. OLNEY, UC Berkeley

International Macroeconomics provides students with an analytically rigorous introduction to exchange rates and their impact in macroeconomics. • Presents a uniquely unified, single model approach to macroeconomics. • Guides the reader through a broad range of policy issues, historic cases, institutions, and specific countries. • Offers an extensive overview of macroeconomics within an international context. • Provides a strong policy orientation by an author who worked for many years at the IMF. • Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and updated key data. Contents: Overview of the Book; OpenEconomy Macroeconomic Accounting; Macroeconomic Influences on the Foreign Exchange Market; The Macroeconomic Framework; The Classical Gold Standard; Gold Standard Macroeconomics; The Bretton Woods System; Macroeconomics under Soft Pegs and Imperfect Capital Mobility; Fixed Exchange Rates in a Financially Integrated World; Floating Exchange Rates I: Transitory Shocks; Floating Exchange Rates II: Intermediate and Permanent Shocks; Floating Exchange Rates III: Exchange Rate Dynamics; LongRun Equilibrium under Floating Exchange Rates; Floating Exchange Rates with ShortRun Price Flexibility; Choosing an Exchange Rate Regime; The International Financial Architecture; G-8 Policy Coordination; Monetary Unification; Intertemporal Issues in International Macroeconomics.

Macroeconomics As a Second Language, a brand new volume in Wiley’s bestselling As a Second Language series, is a study and review guide for undergraduate students taking courses in principles of macroeconomics or for any student who needs a review of fundamental concepts. As a professor of the Principles of Economics course at Berkeley for more than ten years, Martha L. Olney incorporates her insights and experience in the classroom into this concise text. Economics courses challenge students with difficult concepts and rigorous problems. Macroeconomics readers are presented with the “language” of economics in an easily accessible approach. It is the ideal supplement to any traditional textbook as well as an innovative study guide for students who need a problem-solving approach. Contents: Economics Tools – Math and Graphing; Production Possibilities Frontier, Economic Growth, and Gains from Trade; Demand and Supply; Measuring the Macroeconomy; Long-Run Economic Growth; Keynesian Cross; Aggregate Demand and Its Determinants; Spending Multiplier; Fiscal and Monetary Policy; Money Creation; Federal Reserve Policy; Inflation and Output: AS/AD Approach; Inflation and Output: Monetary Policy & Phillips Curve Approach; Open Economy Macro; Answers to all “TRY” Questions; Index. 9780470505380 • 200pp • 2010 • Pbk £24.95/€29.60

9781405183864 • 480pp • 2009 • Hbk £34.99/€42.00

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MICROECONOMICS

Microeconomics 4th Edition DAVID BESANKO and RONALD R. BRAEUTIGAM, both of Northwestern University

The solution is in the problems!

Besanko and Braeutigam’s Microeconomics gives students the most effective solution for learning microeconomic concepts and tools. This proven text provides an accessible, integrated structure of numerous practice problems, exercises, and engaging applications. Worked-out Learning-by-Doing problems, mathematical and graphical data, and verbal explanations will enable business and economics majors to recognize patterns, trends, and significant data. Build your students’ knowledge and confidence with Besanko and Braeutigam to prepare them for the requirements they will follow and the discoveries they will make in coming years. • Contains edited chapter opening prologues for international focus. • New/edited internationally-focused application cases for selected chapters, and problem set changes. • Our online course management system including the full online text – WileyPLUS – will be available. Contents: Part 1: Introduction To Microeconomics; Analyzing Economic Problems; Demand and Supply Analysis; Part 2: Consumer Theory; Consumer Preferences and the Concept of Utility; Consumer Choice; The Theory of Demand; Part 3: Production and Cost Theory; Inputs and Production Functions; Costs and Cost Minimization; Cost Curves; Part 4: Perfect Competition: Perfectly Competitive Markets; Competitive Markets: Applications; Part 5: Market Power: Monopoly and Monopsony; Capturing Surplus; Part 6: Imperfect Competition and Strategic Behavior; Market Structure and Competition; Game Theory and Strategic Behavior; Part 7: Special Topics: Risk and Information; General Equilibrium; Externalities and Public Goods. Resources: WileyPLUS – an online course management system including the full online text.

9780470646069 768pp January 2011 Pbk £47.99/€57.60

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MICROECONOMICS Economics of Farm Management in a Global Setting KENT OLSON, University of Minnesota Agricultural economics students require the right blend of tools and knowledge to become future farm managers. Olson’s Economics of Farm Management in a Global Setting focuses on running a farm as a business. This text prepares students in strategic and operational business planning while covering all essential topics from long-term financing to biofuels. In today’s world where successful farms are subject to ever changing urban, rural, labor, demographics, and technological factors, Olson’s text provides a clear focus and methodology for undergraduate Farm Management students.

9780470592434 • 580pp • 2010 Hbk • £39.99/€48.00

Contents: Managing the Farm in an Integrated World Economy; Management; Business Plans; Lessons from Microeconomics; Lessons from Macroeconomics; Government Policies Affecting Farming around the World; Strategic Management: Planning; Strategic Management: External and internal Analysis; Crafting Strategy; Strategy Execution and Control; Marketing Basics; Financial Statements: Balance Sheet, Income Statement, Statement of Owner’s Equity, and Statement of Cash Flows; Financial Analysis; Financial Management; Enterprise Budgets: Uses and Development; Partial Budgets; Whole-Farm Planning; Operations Management for the Farm; Quality Management and Control; Investment Analysis; Land Ownership and Use; Risk Management; Production Contract Evaluation; Human Resource Management; Business Organization; Farm Transfer and Succession Planning; Farming in the Future. Resources: Solutions Manual, PowerPoint Presentation, Excel Worksheets.

Poverty and Income Distribution 2nd Edition EDWARD N. WOLFF, New York University, USA “The quality of this text is outstanding, both as a textbook and as a reference for professional economists.” KEITH BENDER, University of Wisconsin-Milwaukee

Written by a leading scholar in the field, this updated edition provides a thorough introduction to the topic of income distribution and poverty, with additional emphasis on the issues of inequality and discrimination.

9781405176606 • 672pp • 2009 Hbk • £34.99/€42.00

Brief Contents: Preface; Introduction: Issues and Scope; Part I. Inequality, Poverty, and Mobility: Measurement an Trends; Income, Earnings, and the Standard of Living; Income Inequality: Its Measurement, Historical Trends, and International Comparisons; Poverty: Definitions and Historical Trends; Household Wealth; Economic Mobility; Part II. Explanations of Inequality and Poverty; The Labor Force, Employment, and Unemployment; The Role of Education and Skills; Unions, Dual Labor Markets and Structural Models of Earnings; The Role of Savings and Intergenerational Transfers in Explaining Wealth Inequality; Sources of Rising Earnings Inequality; Part III. Discrimination; Discrimination: Meaning, Measurement, and Theory; Racial Discrimination: Progress and Reversal for African-Americans; The Gender Wage Gap and Occupational Segregation; Part IV. The Role of Public Policy on Poverty and Inequality; 15. Public Policy and Poverty Alleviation; The Redistributional Effects of Public Policy; Index.

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MICROECONOMICS Microeconomics for Public Managers BARRY P. KEATING, University of Notre Dame, USA and MARYANN O. KEATING, Indiana University, USA Designed for students, this unique text presents a rigorous introduction to the study of microeconomics for managers of not-for-profit enterprises and public institutions. • Provides an introduction to the economist’s toolkit for students destined for philanthropic organizations, universities, various levels of government, and other non-profit entities. • Topics are selected for their relevance to the non-profit sector, enabling key issues to be covered in greater depth than standard microeconomic textbooks. • Utilizes pertinent case studies and cost-benefit analysis throughout. • Features end-of chapter problem sets and study questions. 9781405125444 • 440pp • 2008 Pbk • £24.99/€30.00

• Describes economic decision-making applicable to non-profit managers. Contents: List of Figures; List of Tables; Preface; Acknowledgments; Organizational Alternatives; Part I: Institutional Setting; Managerial Economics in Public and Nonprofit Administration: An Overview; Characteristics of the Government and Private Nonprofit Sectors; Part II: Consumer Theory and Public Goods; Demand and Supply; Estimating Client Choice; Market Failure and Public Choice; Part III: Production Theory and Public Administration; Production and Costs; Market Structure in Government and Nonprofit Industries; Selecting the Right Niche and Setting Client Fees; Strategic Goals: If Not Profit, What?; Part IV: Input Markets and Cost – Benefit Analysis; Employing Labor and Capital; Cost-Benefit Analysis; Index.

Microeconomics Theory & Applications 10th Edition EDGAR K. BROWNING, Texas A & M University and MARK A. ZUPAN, University of Arizona The 10th edition of Browning and Zupan’s Microeconomics: Theory and Applications continues to motivate students and introduce them to current thinking in the field. This book appeals to students and instructors alike because of its accessibility, large number of applications, and the clear step-by-step manner in which graphs are introduced. The authors have included more applications and mathematical material to reinforce students’ understanding of basic microeconomic principles.

9780470414392 • 640pp • 2008 Pbk • £48.99/€58.80

Contents: An Introduction to Microeconomics; Supply and Demand; The Theory of Consumer Choice; Individual and Market Demand; Using Consumer Choice Theory; Exchange, Efficiency, and Prices; Production; The Cost of Production; Profit Maximization in Perfectly Competitive Markets; Using the Competitive Model; Monopoly; Product Pricing with Monopoly Power; Monopolistic Competition and Oligopoly; Game Theory and the Economics of Information; Using Noncompetitive Market Models; Employment and Pricing of Inputs; Wages, Rent, Interest, and Profit; Using Input Market Analysis; General Equilibrium Analysis and Economic Efficiency; Public Goods and Externalities. Readership: Students taking an intermediate microeconomics course. Supplements: WileyPLUS, Business Extra Select, Solutions Manual, Business Simulations, Business Simulations Instructor’s Manual, PowerPoint Slides, BlackBoard, Angel, WebCT, Study Guide.

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MANAGERIAL ECONOMICS

Managerial Economics 3rd Edition

Managerial Economics

IVAN PNG, National University of Singapore and DALE LEHMAN, Alaska Pacific University, USA

6th Edition WILLIAM F. SAMUELSON and STEPHEN G. MARKS, both of Boston University Known for its consistent emphasis on decision-making, Samuelson & Mark’s 6th edition provides a detailed introduction of managerial economics for undergraduates, MBAs, and executives, alike. Each chapter opens with a description of a managerial problem that challenges the reader and concludes by revisiting and analyzing the decision.

Now in its third edition, this highly readable, non-technical introduction to the essential microeconomic principles needed by business managers retains its global focus and economic rigor, and has been extensively updated and rewritten to include new and recent cases and examples from a multitude of countries and economic systems, applied to managerial situations. • Written for managers rather than economists. • New coverage of oligopoly, time value of money, behavioral economics, experience curve, R&D strategy, and more. • Uses mathematics only where necessary.

In addition to its inclusion of real-world applications and problems, the 6th Edition has been revised to incorporate up-to-date coverage of international topics and e-commerce. This new edition offers the framework and economics tools necessary to prepare students for better decisionmaking in a future managerial role.

• Each chapter begins with a real-world mini-case. Chapters are reinforced with progress checks, review questions, and discussion questions.

Contents: Introduction to Economic Decision Making; Optimal Decisions Using Marginal Analysis; Demand Analysis and Optimal Pricing; Estimating and Forecasting Demand; Production; Cost Analysis; Perfect Competition; Monopoly; Oligopoly; Game Theory and Competitive Strategy; Regulation, Public Goods, and Benefit-Cost Analysis; Decision Making under Uncertainty; The Value of Information; Asymmetric Information and Organizational Design; Bargaining and Negotiation; Auctions and Competitive Bidding; Linear Programming.

• A wiki site at http://manecon.pbwiki.com/ provides additional examples as well as contributions from readers and instructors.

Readership: Students taking a course in Managerial Economics. Supplements: Lecturer Supplements: WebCT/BlackBoard/Angel, Business Extra Select, Instructor’s Companion Website, Instructor’s Manual with Tests, Test Bank, Computerized Test Bank, PowerPoint Slides. Student Supplements: Study Guide, WebCT/BlackBoard/Angel, Business Extra Select.

• Extensive online resources are available at http://www.comp.nus.edu.sg/~ipng/mecon.htm including updates to the book, PowerPoint slides, an Instructor’s Manual, and answers to discussion questions.

“The level is exactly right for my MBA and P-MBA students. I think it is very important, at the MBA level, to have context-specific questions and Png and Lehman have met this test. The case studies are an extremely valuable component of the book.” BRIAN KENCH, John H. Sykes College of Business, University of Tampa

“We recommend this text because it provides high-quality exposition of complex topics using numerous relevant and informative case examples. It continues to be well organized and excellently explained.” EDWARD JONES, Management School and Economics, University of Edinburgh

Contents: Preface; 1. Introduction to Managerial Economics; Part I: Competitive Markets: 2. Demand; 3. Elasticity; 4. Supply; 5. Competitive Markets; 6. Economic Efficiency; Part II: Market Power: 7. Costs; 8. Monopoly; 9. Pricing; 10. Strategic Thinking; 11. Oligopoly; Part III: Imperfect Markets: 12. Externalities; 13. Asymmetric Information; 14. Incentives and Organization; 15. Regulation; Answers to Progress Checks and Selected Review Questions; Index of Companies and Organizations; Subject Index. 9781405160476 • 496pp • 2007 • Pbk • £34.99/€42.00

9780470414378 • 800pp • 2009 • Pbk £47.99/€57.60

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FINANCIAL ECONOMICS

Modern Financial Macroeconomics

Quantitative Financial Economics Stocks, Bonds and Foreign Exchange

Panics, Crashes and Crises

2nd Edition

TODD A. KNOOP, Cornell College

KEITH CUTHBERTSON and DIRK NITZSCHE, both of Imperial College, London

This timely text examines the role that financial markets and institutions play in modern macroeconomics.

Revised and updated to reflect new developments in the field, the book provides an introduction to models of economic behaviour in financial markets, focusing on discrete time series analysis. Emphasis is placed on theory, testing and explaining ‘real-world’ issues. Contents: Basic Concepts in Finance; Basic Statistics in Finance; Efficient Markets Hypothesis; Are Stock Returns Predictable?; Mean-Variance Portfolio Theory and the CAPM; International Portfolio Diversification; Performance Measures, CAPM and APT; Empirical Evidence: CAPM And APT; Applications of Linear Factor Models; Valuation Models and Asset Returns; Stock Price Volatility; Stock Prices: The VAR Approach; SDF Model and the C-CAPM; C-CAPM: Evidence and Extensions; Intertemporal Asset Allocation: Theory; Intertemporal Ass et Allocation: Empirics; Rational Bubbles and Learning; Behavioural Finance and Anomalies; Behavioural Models; Theories of the Term Structure; The EH – From Theory to Testing; Empirical Evidence on the Term Structure; SDF and Affine Term Structure Models; The Foreign Exchange Market; Testing CIP, UIP and FRU; Modelling the FX Risk Premium; The Exchange Rate and Fundamentals; Market Risk: Value At Risk; Volatility and Market Microstucture; References; Index. Readership: Undergraduates studying Financial Markets, Postgraduates studying the behaviour of financial markets.

Over the last couple of decades there has been a fair amount of research on microeconomic models of market failure and the impact of such failures on business cycles and other macroeconomic phenomena. Recessions and depressions are examined afresh in detail. Financial panics and meltdowns like the currency crashes of the 1990s are examined for macroeconomic impact and recoveries. Last but not least, the Bush Crash of 07-08 is discussed as it has unfolded, including the bank run and demise of the Northern Rock bank in the UK. • Reviews historical and contemporary macroeconomic theory. • Examines governmental influence on moderating (or exacerbating) economic fluctuations. • Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes. Contents: Part I: An Introduction to Finance and Macroeconomics: The Basics of Financial Markets and Financial Institutions; A Brief History of Financial Development; Macroeconomic Theory and the Role of Finance: Business Cycles and Early Macroeconomic Theories of Finance; Keynesian, Monetarist, and Neoclassical Theories; New Institutional Theories of Finance: Models of Risk and the Costs of Credit Intermediation; New Institutional Theories of Finance: Models of Credit Rationing; Financial Volatility and Economic [In]Stability: The Role of Financial Systems in Monetary and Stabilization Policy; Banking Crises and Asset Bubbles; International Finance and Financial Crises: Capital Flight and the Causes of International Financial Crises; International Financial Crises: Policies and Prevention; Conclusions: What We have Learned, What We Still Need to Learn about Financial Macroeconomics. 9781405161817 • 288pp • 2008 • Pbk • £26.99/€32.40

Resources: Instructor Resources including PowerPoint Slides and Lecture Slides. 9780470091715 • 736pp • 2004 • Pbk £38.99/€46.80

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PERSONNEL ECONOMICS Personnel Economics in Practice 2nd Edition EDWARD P. LAZEAR, Stanford University and MICHAEL GIBBS, University of Chicago Economics is a methodology that has been applied to many areas of human behavior, and has had enormous influence on the study of organizations and human resources. Developed by much of the founding research from Edward Lazear, this economic approach in these areas adds rigor, structure, and clarifies many important issues. The goal of this text is to give the reader a rigorous framework for understanding organizational design and the management of employees. Not only will students learn and apply ideas from microeconomics, but they will also learn principles that will be valuable in their future careers. • Presents the most rigorous analyses of traditional general management questions available, yet with emphasis on practical application of the ideas. 9780471675921 • 454pp • 2008 Hbk • £47.99/€57.60

• Uses many real-world and up-to-date examples, including some data from the authors’ research. • Written at a level that is appropriate for MBA students, undergraduate economics, or human resource students. Many chapters have appendices with advanced analyses. Contents: Introduction; Setting Hiring Standards; Recruitment; Investment in Skills; Managing Turnover; Decision Making; Organizational Structure; Job Design; Advanced Job Design; Performance Evaluation; Rewarding Performance; Career-Based Incentives; Employee Stock Options & Executive Pay; Benefits; Entrepreneurship & Intrapreneurship; The Employment Relationship; Glossary. Resources: PowerPoint Slides; Sample Exercises; Business Extra Select.

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ECONOMICS OF STRATEGY

Economics of Strategy 5th Edition DAVID BESANKO, DAVID DRANOVE and SCOTT SCHAEFER all of Northwestern University and MARK SHANLEY, Purdue University

In today’s global recession, strong management of firms and organizations are of the utmost importance. Best-selling Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Bringing economic theory and strategic analysis to life in an engaging and uniquely modern way, Besanko et al. have collaborated for over 15 years to build an introductory business course that combines basic concepts from economic theory of the firm and industrial organization with ideas from modern strategy literature. The newly revised 5th edition offers more real-world applications to make materials studied in undergraduate Managerial Economics, Business Strategy, and Industrial Organization courses relevant. Armed with general principles, today’s students – tomorrow’s future managers – will be prepared to adjust their firms’ business strategies to the demands of the ever-changing environment. • Enhanced discussions of current topics such as industry dynamics, competitive strategy, industrial organization, the theory of the firm, economics of regulation, strategic positioning, personnel economics, and much more. • New and updated figures, tables, Example boxes, Chapter Summaries, Questions, and Endnotes added to each chapter. Contents: Introduction. Strategy and Economics; Part One. Economic Foundations of Strategy: Basic Microeconomic Principles; Economies of Scale and Scope; Agency and Coordination; The Power of Principles – An Historical Perspective; Part Two. Firm Boundaries: The Vertical Boundaries of the Firm; Organizing Vertical Boundaries: Vertical Integration and Its Alternatives; Diversification; Part Three. Market and Competitive Analysis: Competitors and Competition; Strategic Commitment; The Dynamics of Pricing Rivalry; Entry and Exit; Industry Analysis; Part Four. Strategic Position and Dynamics: Strategic Positioning for Competitive Advantage; Sustaining Competitive Advantage; The Origins of Competitive Advantage: Innovation, Evolution, and Environment; Part Five. Internal Organization: Performance Measurement and Incentives in Firms; Strategy and Structure; Environment, Power, and Culture. Resources: Instructor’s Manual, Test Bank, PowerPoint Slides, Image Gallery. 9780470484838 630pp 2009 Pbk £42.99/€51.60

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INDUSTRIAL ECONOMICS

Industrial Organization Contemporary Theory and Empirical Applications 4th Edition LYNNE PEPALL, DAN RICHARDS, and GEORGE NORMAN, all of Tufts University, USA

The bestselling textbook, Industrial Organization, now in its fourth edition, uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine all facets of industrial organization to enhance students’ understanding of real world market events. This new edition includes current research on real business behavior and public policy. A new series of appendices that comprehensively explore relevant econometric issues provide a more challenging and relevant option for instructors and students. Features: • Provides a comprehensive guide to industrial organization in the imperfect market conditions of the real world. • Includes coverage of the latest cutting edge research and public policy developments. • Features stronger coverage of information economics, contracting issues and game theory than other textbooks. Contents: Part I: Foundations: 1. Industrial Organization: What, How, and Why? 2. Basic Microeconomics 3. Market Structure and Market Power 4. Technology and Cost. Part II: Monopoly Power in Theory and Practice: 5. Price Discrimination and Monopoly: Linear Pricing 6. Price Discrimination and Monopoly: Non-linear Pricing 7. Product Variety and Quality Under Monopoly 8. Commodity Bundling and Tie-in Sales Part III: Oligopoly and Strategic Interaction: 9. Static Games and Cournot Competition. 10. Price Competition 11. Dynamic Games and First and Second Movers Part IV: Anticompetitive Strategies: 12. Limit Pricing and Entry Deterrence 13. Predatory Conduct: More Recent Developments 14. Price Fixing and Repeated Games 15. Collusion: Detection and Public Policy Part V: Contractual Relations between Firms: 16. Horizontal Mergers 17. Vertical and Conglomerate Mergers 18. Vertical Price Restraints 19. Nonprice Vertical Restraints Part VI: Nonprice Competition: 20. Advertising, Market Power, and Information 21. Advertising, Competition, and Brand Names 22. Research and Development 23. Patents and Patent Policy. Part VII: Network and Auctions: 24. Network Issues 25. Auctions and Auction Markets. Resources: PowerPoint Slides and Instructor’s Manual are available online. 9781405176323 720pp 2008 Hbk £36.99/€44.40

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INDUSTRIAL ECONOMICS

Contemporary Industrial Organization A Quantitative Approach LYNNE PEPALL, DAN RICHARDS, and GEORGE NORMAN, All of Tufts University, USA

Maintaining the unique features of the fourth edition of Industrial Organization, this rewrite is terser (and 100 pages shorter) in writing style, more rigorous, and most importantly, calculus based. Contemporary Industrial Organization uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine multiple facets of industrial organization. Also included are 14 optional econometric studies that provide an applied, more challenging option for instructors and students. Additional features convey the vitality and relevance of industrial organization – both in theory and practice. • Provides a comprehensive guide to industrial organization in the imperfect market conditions of the real world. • Includes the most current research on real business behavior and public policy. • Features stronger coverage of information economics, contracting issues, and game theory than any other IO textbook. Contents: Part I: Foundations: Industrial Organization: What, How, and Why?; Basic Microeconomics; Market Structure and Market Power; Technology and Cost; Part II: Monopoly Power in Theory and Practice: Price Discrimination and Monopoly: Linear Pricing; Price Discrimination and Monopoly: Non-linear Pricing; Product Variety and Quality Under Monopoly; Commodity Bundling and Tie-in Sales; Part III: Oligopoly and Strategic Interaction: Static Games and Cournot Competition; Price Competition; Dynamic Games and First and Second Movers; Part IV: Anticompetitive Strategies: Limit Pricing and Entry Deterrence; Predatory Conduct: More Recent Developments; Price Fixing and Repeated Games; Collusion: Detection and Public Policy; Part V: Contractual Relations between Firms: Horizontal Mergers; Vertical and Conglomerate Mergers; Vertical Price Restraints; Nonprice Vertical Restraints; Part VI: Nonprice Competition: Advertising, Market Power, and Information; Advertising, Competition, and Brand Names; Research and Development; Patents and Patent Policy; Part VII: Networks and Auctions: Network Issues; Auctions and Auction Markets. Resources: Instructor material and PowerPoint Slides.

9780470591802 608pp 2010 Hbk £44.99/€54.00

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INTERNATIONAL ECONOMICS

International Economics Trade and Finance 10th Edition DOMINICK SALVATORE, Fordham University

The tenth edition of International Economics: Trade and Finance, continues to present a comprehensive, up-to-date, and clear exposition of the theory and principles of international economics that are essential for understanding, evaluating, and suggesting solutions to important international economic problems and issues facing the world today. The text presents all of the principles and theories essential for a thorough understanding, on a intuitive level in the text itself and more rigorously in the appendices, thereby allowing flexibility in the level of analysis. Contents: Introduction; PART ONE: INTERNATIONAL TRADE THEORY: The Law of Comparative Advantage; The Standard Theory of International Trade; Demand and Supply, Offer Curves, and the Terms of Trade; Factor Endowments and the Heckscher-Ohlin Theory; Economies of Scale, Imperfect Competition, and International Trade; Economic Growth and International Trade; PART TWO: INTERNATIONAL TRADE POLICY: Trade Restrictions: Tariffs; Nontariff Trade Barriers and the New Protectionis; Economic Integration: Customs Unions and Free Trade Areas; International Trade and Economic Development; International Resource Movements and Multinational Corporations; PART THREE: THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES: Balance of Payments; Foreign Exchange Markets and Exchange Rates; Exchange Rate Determination; PART FOUR: OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM: The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates; The Income Adjustment Mechanism and Synthesis of Automatic Adjustments; Open-Economy Macroeconomics: Adjustment Policies; Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply; Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination; The International Monetary System: Past, Present, and Future; Glossary; Index. Resources: Instructor’s Resource Manual, PowerPoint Slides, Internet Exercises, Solutions to Selected Problems, Test Bank.

9780470505823 860pp 2010 Pbk £49.99/€60.00

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INTERNATIONAL ECONOMICS Introduction to International Economics 2nd Edition DOMINICK SALVATORE, Fordham University Introduction to International Economics, 2nd edition has been revised and updated to deliver the most current information on today’s global economy for a one-semester course. Provides several case studies per chapter to make difficult economic principles easy to understand, in a real-world context. • Five NEW sections have been added to reflect the further globalization of the world economy. These are: We live in a Global Economy, the Globalization Challenge, The International Flow of Labor and Capital, International Organizations and the World Economy, and Outsourcing, Off shoring, and Fear of Globalization. • In-depth analysis of the most serious economic problems facing the world today and an evaluation of the policy options available to deal with them. 9780470405543 • 528pp • 2009 Hbk • £46.99/€56.40

• NEW content on the benefits and challenges of the rapid globalization of the world economy, competition from emerging markets, dollar-euro exchange rates, and the increased interdependence of world financial markets, is now included in several trade and finance sections and case studies. • Now over 80 real-world case studies have been added or significantly revised, from economics and business. Contents: Introduction; Comparative Advantage; The Standard Trade Model; The Hecksher-Ohlin and Other Trade Theories; Trade Restrictions: Tariffs; Nontariff Trade Barriers and the Political Economy of Protectionism; Economic Integration; Growth and Development with International Trade; International Resource Movements and Multinational Corporations; The Balance of Payments; The Foreign Exchange Market and Exchange Rates; Exchange Rate Determination; Automatic Adjustments with Flexible and Fixed Exchange Rates; Adjustment Policies; Flexible versus Fixed Exchange Rates, European Monetary System, and Macroeconomic Policy Coordination; The International Monetary System: Past, Present, and Future. Supplements: For Students: Study Guide, WebCT/BlackBoard/Angel. For Lecturers: Test Bank; WebCT/ BlackBoard/Angel, Business Extra Select, Instructor’s Companion Website containing an Instructor’s Manual with Tests and PowerPoint Presentations. Readership: 3rd year undergraduate International Economics course.

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ENVIRONMENTAL ECONOMICS Economics and the Environment 6th Edition EBAN GOODSTEIN, Bard Center for Environmental Policy; The National Teach-In Climate change and environmental policy are rapidly changing the world’s economic progress and outlook. Economics and the Environment provides students with a clear, concise, and comprehensive presentation of the standard analysis to environmental and resource economics. The text is also a compelling look at broader topics including the government’s role in environmental policy and more advanced theories. With a unique framework and compelling narrative style, Goodstein supplies timely discussions on the various approaches, schools, and research that are crucial for today’s students to consider for tomorrow’s world.

9780470561096 • 514pp • 2010 Pbk • £47.99/€57.60

Contents: Four Economic Questions about Global Warming; Ethics and Economics; Pollution and Resource Degradation as Externalities; The Efficiency Standard; The Safety Standard; Sustainability: A Neoclassical View; Sustainability: An Ecological View; Measuring the Benefits of Environmental Protection; Measuring the Costs of Environmental Protection; Benefit–Cost in Practice: Implementing the Efficiency Standard; Is More Really Better? Consumption and Welfare; The Political Economy of Environmental Regulation; An Overview of Environmental Legislation; The Regulatory Record: Achievements and Obstacles; Monitoring and Enforcement; Incentive-Based Regulation: Theory; Incentive-Based Regulation: Practice; Promoting Clean Technology: Theory; Energy Policy and the Environment; Poverty, Population, and the Environment; Environmental Policy in Poor Countries; The Economics of Global Agreements. Resources: Instructor’s Manual, Test Bank, PowerPoint Lecture Slides, Business Extra Select.

The World Food Economy 2nd Edition DOUGLAS D. SOUTHGATE JR, DOUGLAS H. GRAHAM and LUTHER G. TWEETEN, all of Ohio State University Population growth and food supply have long been of central concern to economists. The World Food Economy examines the lessons of the past while assessing 21st century and future challenges, including food shortages, global hunger, and economic inequality. With the demand for food and the population growing at an unprecedented rate, this text provides students with a timely, relevant, and unique overview of the world of agricultural production. New coverage in the Second Edition explains how productivity has risen around the globe throughout the last century through technological advances and how consumers and producers in every part of the world – rich and poor alike – feel the effects of expanded global commodity trade, food aid, and national legislation in response to globalisation. 9780470593622 • 448pp • 2010 Pbk • £46.95/€56.00

Contents: Introduction; The Demand Side: How Population Growth and Higher Incomes Affect Food Consumption; The Supply Side: Agricultural Production and Its Determinants; Aligning the Consumption and Production of Food over Time; Agriculture and the Environment; Globalization and Agriculture; Agriculture and Economic Development; Striving for Food Security; Inter-Regional Differences and Similarities; Affluent Nations; Asia; Latin America and the Caribbean; The Middle East and North Africa; Eastern Europe and the Former Soviet Union; Sub-Saharan Africa; The Global Food Economy in the Twenty-First Century. Resources: Solutions to Study Questions.

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HEALTH ECONOMICS Economic Analysis in Health Care STEPHEN MORRIS, NANCY DEVLIN and DAVID PARKIN, all of University College London Economic Analysis in Health Care provides a comprehensive coverage of the field of economic analysis in health and health care. It has been written as a core textbook for advanced undergraduate and postgraduate students with knowledge of economic analysis and will appeal to an international audience. Features: • Provides a comprehensive coverage of the field of economic analysis in health and health care. • Adopts an international perspective, using examples and case studies from the UK, the rest of Europe, and other countries. • Contains detailed exposition of the economic theory alongside relevant examples and applications.

9780470016855 • 416pp • 2007 Pbk • £33.99/€40.80

• Focuses on both market-related and economic evaluation aspects of health economics (some books focus purely on market-related aspects). • Strong author team with very broad experience of writing and teaching health economics. Contents: Introduction To Health Economics; Part 1. Health Care Markets: Demand For Health Care; Supply Of Health Care; Markets And Market Failure In Health Care; Health Insurance And Health Care Financing; Equity In Health Care; Part 2. Economic Evaluation In Health Care; Welfarist And Non-Welfarist Foundations Of Economic Evaluation; Principles Of Economic Evaluation; Measuring And Valuing Benefits; Economic Evaluation Methods; The Use Of Economic Evaluation Decision-Making. Resources: Instructor’s Resources including an Instructor’s Manual.

Health Economics and Financing 4th Edition THOMAS E. GETZEN, Temple University Health Economics and Financing is a primer for the economic analysis of medical markets. Its intended audiences are students of medicine, public health, policy and administration who wish to engage the central economic issues of their field without prolonged preparatory work – beginning students in economics who wish to study an applied area in detail without recourse to extensive mathematical manipulation; and more advanced students in economics who may be familiar with analytical techniques, but lack knowledge of the many institutional features which make the study of health and health care so unique and rewarding. The New 4th Edition draws upon the work of many scholars, but in keeping with its design as a primer for introducing students to the principles and concepts of health economics rather than its literature and research methods, the use of attribution, footnotes and references is purposely limited. 9780470469019 • 512pp • 2010 Hbk • Price on request

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Contents: Choices: Money, Medicine And Health; Demand And Supply; Cost-Benefit And Cost-Effectiveness Analysis; Health Insurance: Financing Medical Care; Insurance Contracts And Managed Care; Physicians; Medical Education, Organization, And Business Practices; Hospitals; Management And Regulation Of Hospital Costs; Long-Term Care; Pharmaceuticals; Capital Financing And Ownership Of Health Care Providers; Macroeconomics Of Medical Care; The Role Of Government; Public Goods And Public Health; History, Demography And The Growth Of Modern Medicine; International Comparisons Of Health And Health Expenditures; Value For Money In The Future Of Health Care; Glossary; Index.

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ECONOMETRICS

A Guide to Modern Econometrics 3rd Edition MARNO VERBEEK, Erasmus University Rotterdam

A Guide to Modern Econometrics has become established as a successful textbook in a crowded and competitive market. With its focus on exploring alternative techniques, combined with a practical emphasis, many readers have appreciated it. It serves as a guide to alternative techniques with the emphasis on the intuition behind the approaches and their practical relevance. In this new edition, Marno Verbeek builds on the strengths of the second edition and brings the text completely up-to-date. Features: • Up-to-date references on line with current literature on the subjects. • New material in panel data. • Extended discussion of GARCH models. • New empirical illustrations including panel data, discrete choice models and the linear model with heteroskadisticity. • New supplementary material including PowerPoint Slides for lecturers, data sets and solutions to selected exercises in each chapter. Contents: Preface; Introduction; An Introduction to Linear Regression; Interpreting and Comparing Regression Models; Heteroskedasticity and Autocorrelation; Endogeneity, Instrumental Variables and GMM; Maximum Likelihood Estimation and Specification Tests; Models with Limited Dependent Variables; Univariate Time Series Models; Multivariate Time Series Models; Models based on Panel Data; Vectors and Matrices; Statistical and Distribution Theory. Resources: Instructor’s Resources including Powerpoint Presentations for each chapter, Data Sets of almost all empirical illustrations, Additional Data Sets for empirical exercises and solutions to selected exercises for each chapter.

9780470517697 488pp 2008 Pbk £36.99/€44.40

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ECONOMETRICS

Principles of Econometrics 4th Edition R. CARTER HILL, Louisiana State University, WILLIAM GRIFFITHS and GUAY LIM, both of University of Melbourne, Australia

Principles of Econometrics is an introductory book for undergraduate students in economics and finance, and can be used for MBA and first-year graduate students in many fields. The 4th Edition provides students with an understanding of why econometrics is necessary and a working knowledge of basic econometric tools. This text emphasizes motivation, understanding and implementation by introducing very simple economic models and asking economic questions that students can answer. • Thoroughly updated to reflect current state of economic and financial markets. • Comprehensive revision of Chapter 9: Regression with Time Series Data: Stationary Variables. • New content on Kernel Density Fitting and Analysis of Treatment Effects. • New end-of-chapter questions and problems in each chapter. • New Primer of Probably and Statistics. Contents: An Introduction to Econometrics; A Probability Primer; The Simple Linear Regression Model; Interval Estimation and Hypothesis Testing; Prediction, Goodness-of-Fit and Modeling Issues; The Multiple Regression Model; Further Inference in the Multiple Regression Model; Using Indicator Variables; Heteroskedasticity; Regression with Time Series Data: Stationary Variables; Random Regressors and Moment Based Estimation; Simultaneous Equations Models; Regression with Time Series Data: Nonstationary Variables; Vector Error Correction and Vector Autoregressive Models; Time-Varying Volatility and ARCH Models; Panel Data Models; Qualitative and Limited Dependent Variable Models; Appendices: Review of Math Essentials; Review of Probability Concepts; Review of Statistical Inference.

9780470873724 608pp May 2011 Pbk £47.99/€57.60

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ECONOMETRICS

Analysis of Economic Data 3rd Edition GARY KOOP, University of Strathclyde

A new edition of a successful textbook on the analysis of economic data.

Analysis of Economic Data teaches methods of data analysis to students whose primary interest is not in econometrics, statistics or mathematics. It shows students how to apply econometric techniques in the context of real-world empirical problems. It adopts a largely non-mathematical approach relying on verbal and graphical intuition and covers most of the tools used in modern econometrics research e.g. correlation, regression and extensions for time-series methods. It contains extensive use of real data examples and involves readers in hands-on computer work. • The text has been revised to include more examples throughout. • Chapter 2 has been expanded to include instruction on how to set up graphs and tables, as well as more material on descriptive statistics and related topics such as index numbers. • More material on financial volatility has been provided in Chapter 11. • Additional empirical project topics and data sets are provided in Appendix A. • A clear departure from traditional econometric textbooks, relying less on mathematics and more on verbal intuition and graphical methods for understanding. • Covers most of the tools and models used in modern econometrics research e.g. correlation, regression and extensions for time-series methods. • Contains extensive use of real data examples and involves readers in hands-on computer work. Contents: Introduction; Basic Data Handling; Correlation; An Introduction to Simple Regression; Statistical Aspects of Regression; Multiple Regression; Regression with Dummy Variables; Regression with Time Lags: Distributed Lag Models; Univariate Time Series Analysis; Regression with Time Series Variables; Applications of Time Series Methods in Macroeconomics and Finance; Limitations and Extensions; Appendices; Index. Readership: Analysis of Economic Data is written primarily for undergraduate students taking introductory courses in the analysis of economic data. These courses can appear at different stages of the undergraduate curriculum i.e. first, second or third year. It is also highly relevant for students taking this course at MBA level. Supplements: A Lecturer Companion Website will be available containing datasets, PowerPoint Slides, sample exam questions, and answer sheets for problems.

9780470713891 264pp 2009 Pbk £30.99/€37.20

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67

ECONOMETRICS

Introduction to Econometrics GARY KOOP, University of Strathclyde

Introduction to Econometrics has been written as a core textbook for a first course in econometrics taken by undergraduate or graduate students. It is intended for students taking a single course in econometrics with a view towards doing practical data work. It will also be highly useful for students interested in understanding the basics of econometric theory with a view towards future study of advanced econometrics. To achieve this end, it has a practical emphasis, showing how a wide variety of models can be used with the types of data sets commonly used by economists. However, it also has enough discussion of the underlying econometric theory to give the student a knowledge of the statistical tools used in advanced econometrics courses. Features: • A non-technical summary of the basic tools of econometrics is given in chapters 1 and 2, which allows the reader to quickly start empirical work. • The foundation offered in the first two chapters makes the theoretical econometric material, which begins in chapter 3, more accessible. • Provides a good balance between econometric theory and empirical applications. • Discusses a wide range of models used by applied economists including many variants of the regression model (with extensions for panel data), time series models (including a discussion of unit roots and cointegration) and qualitative choice models (probit and logit). Contents: An Overview of Econometrics; A Non-Technical Introduction to Regression; The Econometrics of the Simple Regression Model; Bayesian Analysis of the Simple Regression Model; The Econometrics of the Multiple Regression Model; The Multiple Regression Model: Freeing up the Classical Assumptions; Univariate Time Series Analysis; Regression with Time Series Variables; Models for Panel Data; Qualitative Choice Models; Limited Dependent Variable Models; Other Topics; Appendices. Resources: Instructor’s Resources including Data Sets, Problem Sheets with worked through answers, Empirical Projects, Sample Exercises with Answers, and Slides. Students Resources including Data Sets, Problem Sheets with worked through answers, Empirical Projects, Sample Exercises with Answers.

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9780470032701 376pp 2007 Pbk £36.99/€44.40

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ECONOMETRICS

Introduction to Econometrics 4th Edition G.S. MADDALA, Formerly of Ohio State University and KAJAL LAHIRI, State University of New York

Maintaining G.S. Maddala’s brilliant expository style of cutting through the technical superstructure to reveal only essential details, while retaining the nerve centre of the subject matter, Professor Kajal Lahiri has brought forward this new edition of one of the most important textbooks in its field. • The new edition continues to provide a large number of worked examples, and some shorter data sets. • A fresh, accessible and well-written introduction to econometrics. • A pedagogical framework, which sets it apart from its competitors. Contents: Part I: Introduction and the Linear Regression Model: What is Econometrics?; Statistical Background and Matrix Algebra; Simple Regression; Multiple Regression; Part II: Violation of the Assumptions of the Basic Model: Heteroskedasticity; Autocorrelation; Multicollinearity; Dummy Variables and Truncated Variables; Simultaneous Equations Models; Diagnostic Checking, Model Selection, and Specification Testing; Errors in Variables; Part III: Special Topics: Introduction to Time-Series Analysis; Models of Expectations and Distributed Lags; Vector Autoregressions, Unit Roots, and Cointegration; Panel Data Analysis; SmallSample Inference: Resampling Methods; References; Index. Resources: Online supplementary material will be available for lecturers.

9780470015124 656pp 2009 Pbk £40.99/€49.20

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69

ECONOMETRICS

Applied Econometric Time Series 3rd Edition WALTER ENDERS, Alabama State University

Learn to master time-series analysis efficiently and effectively with Applied Econometric Time Series! Authored by Dr. Walter Enders, Professor and Lee Bidgood Chair of Economics and Finance, this bestselling, classic text demonstrates modern techniques for developing models capable of forecasting, interpreting, and testing hypotheses concerning economic data. • NEW discussion of parameter instability and structural breaks including tests for endogenous breaks. • NEW coverage developments in cointegration tests including the errorcorrection and ADL tests. • Coverage on new developments in unit root tests including the LM tests and the DF-GLS tests. • Expanded coverage of multivariate GARCH models to include VECH, BEK and DCC specifications. Contents: Difference Equations; Stationary Time-Series Models; Modeling Volatility; Testing for Trends and Unit Roots; Multiequation Time-Series Models; Cointegration and Error-Correction Models; Nonlinear time-series models; Statistical Tables; References; Indexes. Resources: Instructor’s Manual, PowerPoint Presentations, Instructor’s Companion Website, Data Sets and Problems, Author Site Link, Business Extra Select.

9780470505397 544pp 2009 Hbk £43.99/€52.80

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ECONOMETRICS

A Guide to Econometrics 6th Edition PETER KENNEDY, Simon Fraser University

This is the perfect (and essential) supplement for all econometrics classes – from a rigorous first undergraduate course, to a first master’s, to a PhD course. It explains what is going on in textbooks full of proofs and formulas. Kennedy’s A Guide to Econometrics offers intuition, skepticism, insights, humor, and practical advice (dos and don’ts). The sixth edition contains new chapters on instrumental variables and on computation considerations, more information on GMM and nonparametrics, and an introduction to wavelets. • Perfect (and essential) supplement for all econometrics classes. • Designed for use in a range of courses, from undergraduate to graduate and PhD level. • Explains what is going on in textbooks full of proofs and formulas. • Offers intuition, skepticism, insights, humor, and practical advice (dos and don’ts). • Contains new chapters that cover instrumental variables and computational. • Includes additional information on GMM, nonparametrics, and an introduction to wavelets. Contents: Introduction; Criteria for Estimators; The Classical Linear Regression Model; Interval Estimation and Hypothesis Testing; Specification; Violating Assumption One: Wrong Regressors, Nonlinearities, and Parameter Inconstancy; Violating Assumption Two: Nonzero Expected Disturbance; Violating Assumption Three: Nonspherical Disturbances; Violating Assumption Four: Instrumental Variable Estimation; Violating Assumption Four: Measurement Errors and Autoregression; Violating Assumption Four: Simultaneous Equations; Violating Assumption Five: Multicollinearity; Incorporating Extraneous Information; The Bayesian Approach; Dummy Variables; Qualitative Dependent Variables; Limited Dependent Variables; Panel Data; Time Series Econometrics; Forecasting; Robust Estimation; Applied Econometrics; Computational Considerations.

9781405182577 600pp 2008 Pbk £21.99/€26.40

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71

ECONOMETRICS

Econometric Analysis of Panel Data 4th Edition BADI H. BALTAGI, Syracuse University, USA

Games and Information An Introduction to Game Theory

Written by one of the world’s leading researchers and writers in the field, Econometric Analysis of Panel Data has become established as the leading textbook for postgraduate courses in panel data. This new edition reflects the rapid developments in the field covering the vast research that has been conducted on panel data since its initial publication. The text has been fully updated with new material on dynamic panel data models and recent results on non-linear panel models and in particular work on limited dependent variables panel data models. Brief Contents: Introduction, The One-Way Error Component Regression Model, The Two-Way Error Component Regression Model, Test of Hypotheses with Panel Data, Heteroskadasticity and Serial Correlation in the Error Competent Model, Seemingly Unrelated Regressions with Error Components, Simultaneous Equations with Error Components, Dynamics Panel Data Models, Unbalanced Panel Data Models, Special Topics, Limited Dependent Variables and Panel Data, Nonstationary Panels. 9780470518861 • 352pp • 2008 • Pbk • £36.99/€44.40

Also Available:

A Companion Guide to Econometric Analysis of Panel Data BADI H. BALTAGI, Syracuse University, USA • Can be used alongside Econometric Analysis of Panel Data 4e or as a stand-alone book. • Builds up confidence in working out difficult excercises and applying panel data methods. 9780470744031 • 312pp • 2009 • Pbk • £29.99/€36.00

Can be purchased together for a discounted price of £55.00/€66.00

4th Edition ERIC RASMUSEN, Indiana University, USA What may be the most successful introductory game theory textbook ever written is now available in its fourth edition. Since it first published in 1989, successive editions have made its presentation ever more elegant, with incisive problem sets and applications. Written in a crisp and approachable style, Games and Information, 4e uses simple modelling techniques and straightforward explanations to provide students with an understanding of game theory and information economics. The fourth edition brings this material completely up-to-date, adds new end-of-chapter problems and classroom games, and is accompanied by a comprehensive website, featuring problem solutions and teaching notes. Brief Contents: Introduction; History; Game Theory’s Method; Exemplifying Theory; This Book’s Style; Notes; Part I: Game Theory: The Rules of the Game; Information; Mixed and Continuous Strategies; Mixed Strategies: The Welfare Game; Dynamic Games with Symmetric Information; Reputation and Repeated Games with Symmetric Information; Dynamic Games with Incomplete Information; PART II: ASYMMETRIC INFORMATION: Moral Hazard: Hidden Actions; Further Topics in Moral Hazard; Adverse Selection; Mechanism Design and Postcontractual Hidden Knowledge; Signalling; Part III: Applications: Bargaining; Auctions; Pricing; Mathematical Appendix; References and Name Index; Subject Index. 9781405136662 • 560pp • 2006 • Hbk £32.99/€39.60

9780470747872

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ECONOMETRICS

Bayesian Econometrics

Market Risk Analysis

GARY KOOP, University of Strathclyde

Volume II: Practical Financial Econometrics

Bayesian Econometrics introduces the reader to the use of Bayesian methods in the field of econometrics at the advanced undergraduate or graduate level. The book is self-contained and does not require that readers have previous training in econometrics. The focus is on models used by applied economists and the computational techniques necessary to implement Bayesian methods when doing empirical work. The book includes numerous empirical examples and the website associated with it contains data sets and computer programs to help the student develop the computational skills of modern Bayesian econometrics. Contents: Introduction to Bayesian Econometrics; The Normal Linear Regression Model with Natural Conjugate Prior and a Single Explanatory Variable; The Normal Linear Regression Model with Natural Conjugate Prior Many Explanatory Variables; The Normal Linear Regression Model with Other Priors; Nonlinear Regressions Models; The Normal Linear Model with Non-Constant Error Covariance Matrix; Panel Data and Hierarchical Models; Multivariate Regression Models; Simultaneous Equations Models; Time Series Models: Regression with Lagged Variables; Advanced Time Series Models; State Space Models; Discrete Choice Models; Limited Dependent Variable Models; Duration Models; Models for Count and Ordered Data; Flexible Econometric Methods. Resources: Instructor’s Resources including Data Sets, Main Programs and Scripts. Students Resources including Data Sets, Main Programs and Scripts. 9780470845677 • 374pp • 2003 • Pbk £37.99/€45.60

CAROL ALEXANDER, ISMA University of Reading Written by leading market risk academic, Professor Carol Alexander, Practical Financial Econometrics forms part two of the Market Risk Analysis four volume set. Empirical examples and case studies specific to this volume include: • Factor analysis with orthogonal regressions and using principal component factors; • Estimation of symmetric and asymmetric, normal and Student t GARCH and E-GARCH parameters; • Normal, Student t, Gumbel, Clayton, normal mixture copula densities, and simulations from these copulas with application to VaR and portfolio optimization; • Principal component analysis of yield curves with applications to portfolio immunization and asset/liability management; • Simulation of normal mixture and Markov switching GARCH returns; • Cointegration based index tracking and pairs trading, with error correction and impulse response modelling; • Markov switching regression models (Eviews code); • GARCH term structure forecasting with volatility targeting; • Non-linear quantile regressions with applications to hedging. Contents: Factor Models; Principal Component Analysis; Classical Models of Volatility and Correlation; Introduction to GARCH Models; Time Series Models and Cointegration; Advanced Econometric Models; Forecasting and Model Evaluation. 9780470998014 • 426pp • 2008 • Hbk £50.00/€60.00

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73

MATHS/QUANTITATIVE METHODS

Essential Mathematics for Economics and Business 3rd Edition TERESA BRADLEY, Limerick Institute of Technology, Ireland

Essential Mathematics for Economics and Business has become established as one of the leading introductory textbooks on mathematics for students of these subjects. It combines a non-rigorous approach to mathematics with applications in economics and business. The fundamental mathematical concepts are explained as simply and briefly as possible, using a wide selection of worked examples, graphs and real-world applications. Features: • Assumes little in the way of prerequisites but also provides a sound preparation for more advanced work. • Building up gently from a low level, the author provides a clear, systematic coverage of the key mathematical subjects required by those studying Economic or Business. • All methods are illustrated by well-chosen examples and exercises. • The book’s careful arrangement enables it to be used in a variety of course formats – for students with and without prior knowledge of the subject – as well as for reference and self-study. • Clear Indications of which sections are “essential” and which are “further studies/applications”. New to this Edition: • An introduction to the use of financial tables. • A new section on manipulating equations and formulae. • Now in 2-colour with improved page design. • Improved and updated online supplementary material for both students and lecturers. Brief Table of Contents: Introduction 1. Mathematical preliminaries 2. The straight line and applications 3. Simultaneous equations 4. Non-linear functions and applications 5. Financial Mathematics 6. Introduction to differentiation and applications 7. Functions of several variables 8. Integration and applications 9. Linear algebra and applications 10. Difference equations; Solutions to progress exercises; Bibliography; List of Worked Examples; Index.

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9780470018569 656pp 2008 Pbk £36.99/€44.40

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MATHS/QUANTITATIVE METHODS

Essential Statistics for Economics, Business and Management

Introductory Statistics for Business and Economics

TERESA BRADLEY, Limerick Institute of Technology, Ireland

4th Edition

Essential Statistics for Economics, Business and Management is aimed at introductory undergraduate courses and assumes no prior knowledge of statistics. It is also highly relevant for the statistics component of courses in quantitative methods. The style of the text is similar to that of the highly successful Essential Mathematics for Economics and Business by Teresa Bradley and Paul Patton, with many worked examples integrated throughout. Contents: Introduction: Data Collection And Its Graphical Presentation; Descriptive Statistics; Regression And Correlation Introduction; Probability; Introduction Probability Distributions; Sampling Distributions For Means And Proportions; Confidence Intervals For Means And Proportions; Tests Of Hypothesis For Means And Proportions; Inference From Small Samples; Confidence Intervals And Tests Of Hypothesis; Analysis Of Variance; Chi-Squared Tests; Regression Analysis; Appendices; Chapter Solutions; Tables; Glossary; Index. 9780470850794 • 674pp • 2007 • Pbk £35.99/€43.20

R.J. WONNACOTT and T.H. WONNACOTT, both of University of Western Ontario, Canada This classic text teaches via good organization, clarity of presentation and strong problems. The integrative presentation of topics encourages an intuitive understanding of each statistical technique and analytical objective. Contents: BASIC PROBABILITY AND STATISTICS; The Nature of Statistics; Descriptive Statistics; Probability; Probability Distributions; Two Random Variables; INFERENCE FOR MEANS AND PROPORTIONS: Sampling; Point Estimation; Confidence Intervals; Hypothesis Testing; Analysis of Variance; REGRESSION: RELATING TWO OR MORE VARIABLES: Fitting a Line; Simple Regression; Multiple Regression; Regression Extensions; Correlation; TOPICS IN CLASSICAL AND BAYESIAN INFERENCE: Nonparametric and Robust Statistics; Chi Square Tests; Maximum Likelihood Estimation; Bayesian Inference; Bayesian Decision Theory; SPECIAL TOPICS FOR BUSINESS AND ECONOMICS: Decision Trees; Index Numbers; Sampling Designs; Time Series; Simultaneous Equations; Appendices; Tables; References; Answers to Odd-Numbered Problems; Glossary of Common Symbols; Index. Supplements: Teacher’s Manual. 9780471615170 • 832pp • 1990 • Hbk £47.99/€57.60

Mathematical Programming for Agricultural, Environmental, and Resource Economics HARRY KAISER, Cornell University and KENT MESSER, University of Delaware Mathematical Programming for Agricultural, Environmental, and Resource Economics educates students on the techniques of mathematical programming and their application to agricultural, resource, and environmental economics problems. This text artfully combines an introductory text in math programming, algebraic and geometric concepts while also presenting differential calculus designed for upper-level undergraduates and graduate students. This text is designed specifically to help students develop the quantitative skills necessary for cutting edge research and techniques. • FREE Risk Solver for Education software accompanies the text! Contents: Introductory Concepts and the Graphical Approach to Linear Programming; The Simplex Method to Solving Linear Programming Problems; Sensitivity Analysis using the Simplex Method and Duality; Farm-Level Linear Programming Models; Transportation and Assignment Models for Food and Agricultural Markets; Resource and Environmental Economics Applications of Linear Programming; Integer and Binary Programming; Optimization of Nonlinear Functions; Global Approaches to Nonlinear Optimization; Risk Programming Models; Price Endogenous Mathematical Programming Models; Goal Programming; Dynamic Programming. Resources: Risk Solver Software, Excel Data Sheets, Programming Tips, and Solutions Manual. 9780470599365 • 512pp • Spring 2011 • Hbk £39.99/€48.00

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INDEX AUTHOR ALEXANDER ALEXANDER ALEXANDER ALFREDSON ARZAC BAGRANOFF BALAKRISHNAN BALTAGI BALTAGI BESANKO BESANKO BESSIS BOWHILL BRADLEY BRADLEY BROWNING BUTLER CALLAGHAN COLLIER COSSERAT CUTHBERTSON CUTHBERTSON CUTHBERTSON DAMODARAN DAMODARAN DAMODARAN DICK DOYLE DUNN DUSKA ELTON ENDERS FORBES GETZEN GOODSTEIN GRANOF GRANOF HEFFERNAN HILL HOOKS JETER JIAMBALVO JONES JONES JONES JONES JONES KAISER KEATING KENNEDY KETTELL KETTELL KIDWELL KIESO KIESO KIESO KIESO KIMMEL KIMMEL KNOOP KOOP KOOP KOOP KOOP KRANACHER

SHORT TITLE Market Risk Analysis, Vol. 1 Market Risk Analysis, Vol. 2 Market Risk Analysis, Vol. 4 Applying Int. Financial Reporting Stands., 2e Valuation for Mergers., 2e Core Concepts of Accounting Info. Systems, 11e Managerial Accounting A Companion Guide to Econometric Analysis. Econometric Analysis of Panel Data, 4e Economics of Strategy, 5e Microeconomics, 4e Risk Management in Banking, 3e Business Planning and Control Essential Maths. Economics and Business, 3e Essential Stats. Economics, Bus. & Management Microeconomics, 10e Multinational Finance, 4e Personal Finance Accounting For Managers, 3e Modern Auditing, 3e Financial Engineering Investments, 2e Quantitative Financial Economics, 2e Applied Corporate Finance, 3e Corporate Finance, 2e Investment Valuation, 2e Financial Reporting under IFRS The Economic System Financial Reporting & Analysis Accounting Ethics, 2e Modern Portfolio Theory & Invest. Analysis, 8e Applied Econometric Time Series, 3e Behavioural Finance Health Economics and Financing, 4e Economics and the Environment, 6e Core Concepts of Government., 2e Government and Not-for-Profit Accounting, 5e Modern Banking Principles of Econometrics, 4e Auditing and Assurance Services Advanced Accounting, 4e Managerial Accounting, 4e Accounting, 2e Creative Account. Fraud & Int. Account Financial Accounting Investments, 11e Management Accounting Mathematical Programming, Agri. Environ. Microeconomics for Public Managers A Guide to Econometrics, 6e Frequently Asked Questions in Islamic Finance Islamic Finance in a Nutshell Financial Institutions, Markets, & Money, 10e Intermediate Accounting, Vol. 1 Intermediate Accounting, Vol. 2 Intermediate Accounting, IFRSe Intermediate Accounting, 13e Accounting, 4e Financial Accounting, 6e Modern Financial Macroeconomics Analysis of Economic Data, 3e Analysis of Financial Data Bayesian Econometrics Introduction to Econometrics Forensic Accounting & Fraud Examination

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AUTHOR LAZEAR LEE LERNER MACINTOSH MADDALA MARTELLINI MATTHEWS McKINSEY & CO. MELICHER MERNA METRICK MILES MOLES MONGER MONKS MONTIEL MORRIS MYANT OLNEY OLNEY OLSON O’REGAN PARRINO PECK PEPALL PEPALL PICKETT PNG PORTER PRATT PROMISLOW RADEBAUGH RASMUSEN RUTTERFORD SALVATORE SALVATORE SAMUELSON SCHROEDER SHAPIRO SHAPIRO SMITH SMITH SOLLIS SOLOMON SOUTHGATE TURNER VAASSEN VERBEEK VERNIMMEN VERONESI WARFIELD WEIRICH WELCH WELLS WEYGANDT WEYGANDT WEYGANDT WEYGANDT WHITE WIECEK WILKINSON WILMOTT WILMOTT WOLFF WONNACOTT

SHORT TITLE Personnel Economics in Practice, 2e Financial Report. & Corporate Gov. Venture Capital and Private Equity, 4e Management Accounting & Control Systems, 2e Introduction to Econometrics, 4e Fixed-Income Securities The Economics of Banking, 2e Valuation, 5e Introduction to Finance, 14e Corporate Risk Management, 2e Venture Capital & the Finance of Innovation, 2e Macroeconomics, 2e Fundamentals of Corporate Finance Financial Accounting Corporate Governance, 4e International Macroeconomics Economic Analysis in Health Care Transition Economies Economics as a Second Language Macroeconomics as a Second Language Economics of Farm Management. Financial Information Analysis, 2e Fundamentals of Corporate Finance Investment Ethics Contemporary Industrial Organization Industrial Organization, 4e The Essential Guide to Internal Auditing, 2e Managerial Economics, 3e Principles of External Auditing, 3e Financial Account. in an Economic Context, 8e Fundamentals of Actuarial Maths., 2e Int. Accounting & Multinational Enterprises, 6e Games and Information, 4e Financial Strategy, 2e International Economics, 10e Introduction to International Economics, 2e Managerial Economics, 6e Financial Accounting Theory and Analysis, 10e Foundations Multinational Finan. Manage., 6e Multinational Financial Management, 9e Entrepreneurial Finance, 2e Mainstreaming Corporate Responsibility Empirical Finance for Finance and Banking Corporate Governance and Accountability, 3e The World Food Economy, 2e Accounting Information Systems Accounting Info. Sys. & Internal Control, 2e A Guide to Modern Econometrics, 3e Corporate Finance, 2e Fixed Income Securities Intermediate Accounting, 2e Accounting & Auditing Research, 7e Economics, 9e Principles of Fraud Examination, 3e Accounting Principles, 10e Financial Accounting, 6e Financial Accounting, IFRSe Managerial Accounting, 4e The Analysis & Use of Financial Statements, 3e IFRS Primer International GAAP Basics Accounting Information Systems, 4e Frequent. Asked Questions Quantitative Fin., 2e Paul Wilmott Intro. Quantitative Finance, 2e Poverty and Income Distribution, 2e Introductory Stats. Bus. & Economics, 4e

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Economics Text Catalogue 2011