UNIVERSITY OF STIRLING
STIRLING MANAGEMENT SCHOOL
ACCOUNTING & FINANCE DIVISION
MSc in Investment Analysis
Suggested Preliminary Reading – Autumn 2012
If you have no prior acquaintance with the finance/investment area you may find the
following useful as an introduction. Written by a professional investor, it provides an
excellent overview of practical investment from a UK perspective and also demonstrates
how practice links with academic work:
Investment Management (2nd edition)
Stephen Lofthouse
John Wiley & Sons, 2001
Another excellent introduction, but from a US perspective:
A Random Walk Down Wall Street (latest edition)
Burton K Malkiel
WW Norton & Co, 2007
An entertaining book chronicling the history of the development of the leading finance
theories and the people behind their development:
Capital Ideas: The Improbable Origins of Modern Wall Street
Peter L. Bernstein
The Free Press, 1993
A number of recent books on the financial crisis overlap with topics covered on the
programme:
The Big Short: Inside the Doomsday Machine
Michael Lewis
WW Norton & Co, 2010
Addresses mainly the events that occurred before, and those who predicted, the
2008-9 financial crisis.
Infectious Greed: How Deceit and Risk Corrupted the Financial Markets
Frank Portnoy,
Profile Books, 2010
ISBN: 9781846682933
First published in 2003, with a new introduction about the 2008-9 financial crisis.
Freefall: America, Free Markets, and the Sinking of the World Economy
Joseph E. Stiglitz
Penguin/Allen Lane, 2010
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Covers the genesis and dynamics of the financial crisis and critiques the strategies
introduced to deal with it.
There are also a number of books which may be helpful in providing additional reading
on financial accounting and reporting, and as an introduction to the financial
markets/investment, illustrations of which include:
Reading and Understanding the Financial Times (2nd edition)
Kevin Boakes
Prentice Hall Financial Times, 2010
ISBN: 9780273731818
The "Financial Times" Guide to Using the Financial Pages (5th edition)
Romesh Vaitilingam
FT Prentice-Hall, 2006
ISBN: 978-0-273-70503-1
Investors Chronicle Beginners’ Guide to Investment (3rd edition)
Bernard Gray
Random House, 2002
Global Financial Accounting and Reporting: Principles and Analysis
Peter Walton and Walter Aerts
Thomson, 2009
International Financial Statement Analysis
Robinson, van Greuning, Henry and Broihahn
CFA Investment Series
John Wiley & Sons, 2009
Module Texts
Unless a final decision is pending, the following are ‘essential purchases’ for the Autumn
semester modules and will be available for purchase from the university bookshop (John
Smith & Sons) on campus at the start of semester.
INVP01
Corporate Finance
Corporate Finance (1st European Edition)
David Hillier, Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
Jordan
McGraw-Hill International Edition, 2010
ISBN: 9780077121150
Note: an adaptation of the Corporate Finance text by Ross, Westerfield,
Jaffe and Jordan aimed specifically at courses outside the United States.
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INVP02
Financial Reporting
Financial Accounting and Reporting
Herve Stolowy and Michel J. Lebas
Cengage Learning EMEA, 2010 (or any recent edition of this textbook)
BFIP13
Quantitative Methods in Finance
Introductory Econometrics (University of Stirling Edition)
Jeffrey Wooldridge
BFIP25
Economics for Business and Finance
Economics for Business
David Begg and Damian Ward
McGraw-Hill, 3rd Edition
The Macro Economy Today
Schiller, Bradley; Hill, Cynthia; Wall, Sherri
McGraw-Hill, 13th Edition, 2013
Note: An e-book with selected chapters will be made available for
purchase to students who do not wish to purchase the two separate
books.
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