Fundamentals of Futures and Options Markets and Derivagem Package (6th Edition) (Hardcover)

by John C. Hull (Author)

Editorial Reviews

Product Description

Updated and revised to reflect the most current information, this introduction to futures and options markets is ideal for those with a limited background in mathematics. Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street, this book presents an accessible overview of the topic without the use of calculus. Packed with numerical samples and accounts of real-life situations, the Fifth Edition effectively guides readers through the material while providing them with a host of tangible examples. For professionals with a career in futures and options markets, financial engineering and/or risk management.

From the Back Cover

Thoroughly revised and updated, the Fourth Edition includes:

• Three new chapters:
• Exotic Options and Other Non-Standard Products
• Credit, Weather, Energy, and Insurance Derivatives
• Derivative Mishaps and What We Can Learn from Them
• Important new material on interest rate markets, volatility smiles, and value at risk.
• Many new problems reinforcing key concepts.
• A Solutions Manual containing worked-out answers for end-of-chapter questions and problems can now be purchased (ISBN 0-13-060603-0).
• New Excel-based software, DerivaGem, has been carefully designed to complement the material in the text.
  --This text refers to an out of print or unavailable edition of this title.
  
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Product Details

• Hardcover: 561 pages
• Publisher: Prentice Hall; 6 edition (June 30, 2007)
• Language: English
• ISBN-10: 0136012337
• ISBN-13: 978-0136012337
• Product Dimensions: 10.1 x 8.3 x 1.1 inches
• Shipping Weight: 2.8 pounds (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars See all reviews (9 customer reviews)
• Amazon.com Sales Rank: #51,271 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

2.0 out of 5 stars Not worth the Time and the Money, May 1, 2005

By	P.C. "Popcorn" (Taiwan) - See all my reviews

This review is from: Fundamentals of Futures and Options Markets (5th Edition) (Prentice Hall Finance) (Hardcover)

I am a student who happens to have read both John Hull's 'Options, Futures and Other Derivatives' and his 'Fundamentals'. To say that 'Options, Futures and Other Derivatives' is a good book is a great understatement, and can even be considered an insult. Yet, this book, which is targeted at readers who are not as acquainted with derivatives fails to impress. Through out the book you can feel how John Hull struggles to explain things in a simple manner. Sadly, his efforts have failed, and this is most evident when my fellow classmates had a hard time understanding the materials starting from Swaps. When we reached the section on options pricing, the book lacks the rigorous math that is needed for students to fully appreciate the beauty of deriving things like Black-Scholes. Overall, if you are a beginner, go straight to 'Options, Futures, and Derivatives'. This book is not worth wasting time over.

11 of 12 people found the following review helpful:

3.0 out of 5 stars why are we still playing these games in 2007?, November 7, 2007

By	A. Johnson (Chicago, IL) - See all my reviews (REAL NAME)

By games I mean the fact that the answers to about a third of the questions are found in a solutions manual that, last time I looked (in early Sept '07), was unavailable for purchase. The answers to another third of the questions are not to be found anywhere. The answers to the last third of the questions are in the book--but these questions are not very interesting or challenging. Why must we play this game? Why not just put all the answers in the back of the book? (I know, I know: it's all about the money, etc. But still . . .)

As for the content of the book, I'm told that this isn't Hull's authoritative book (that would be 'Options, Futures, and Other Derivatives'). I feel like a sucker for having bought it. Is it good to make your customer's feel like suckers, Mr. Hull?

8 of 9 people found the following review helpful:

5.0 out of 5 stars Great Book!, June 10, 2002

By	Juan Carlos Serino (Austin, Texas United States) - See all my reviews

This review is from: Fundamentals of Futures and Options Markets (4th Edition) (Hardcover)

I needed to understand everything I could about Futures and Options in a short time and this book was perfect for that purpose. The introduction about futures and options is great and the content in general is very easy to understand and follow. I really liked the examples and the way the author explained each topic. However, I have to confess that maybe my engineering background helped me to understand the math behind, but I believe that even if you don't have much mathematical knowledge you can follow the book.

A big plus of this book is that it contains a chapter about Value at Risk and one focused more on more recent types of derivatives contracts (e.g., energy, weather, etc.).

In general, I think that with this book you could cover more ground more quickly than with other books.