MSc Finance and Investment pre-arrival information

Welcome to the MSc Finance and Investment course.

We hope you are looking forward to starting your Masters degree at the University of Stirling Management School. We welcome you to our beautiful campus.

Welcome activities for students starting in October 2020
Column one lists the session, column two gives the date and time, column three lists the location
SessionDate and timeLocation

Stirling Management School welcome meeting

You are invited to attend the School-wide welcome meeting, where you will be introduced to the School's staff and one another. We look forward to seeing you all there.

Monday 12 October 2020, 10:00 To join this online session, please visit the Flying Start Leadership Programme Canvas page

Welcome to your course

Our Programme Director, David McMillan, will introduce you to your selected Course. During this session, as well as learning what your programme entails, you will also be given information about being a member of the Stirling Management School community and the Support Services available to you as a member of the University.

Monday 12th October 2020, between 12 noon and 1:30 pm

Online

Flying Start Leadership programme

Your Flying Start Leadership Programme will take place during the week commencing 12 October. Your individual schedule will be available to you shortly, but in the meantime, please visit the Flying Start Leadership Canvas page for more information and start interacting with your fellow classmates.

Week commencing 12 October 2020 Online

Got a question? 

If you have any questions about the course, please contact the Programme Administrator, Allison Butler, who will be happy to answer any questions or queries you may have.

MScFinance@stir.ac.uk

+44 (0) 1786 467455

Course director

Professor David McMillan

Reading list

Please do not purchase any books until your course starts, as the suggested readings may change.

Suggested Preliminary Reading – Autumn 2020

The End of Alchemy: Money, Banking and the Future of the Global Economy
Mervyn King
Little, Brown 2016

Mervyn King is the former Governor of the Bank of England and he explains the root causes of the 2008 financial crisis and how the financial system should be changed to avoid another crisis.

Keynes: The Return of the Master
Robert Skidelsky
Penguin, 2010

This book begins by detailing the recent financial crisis and a lack of regulation in financial markets, before calling into question the increasingly mainstream approach of mathematical modelling in macro-economics.  It highlights the importance of other disciplines such as political economy and history in decision making, before finally engaging in a discussion as to what direction capitalism should take in the future.

Animal Spirits:  How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
George A. Akerlof and Robert J. Shiller
Princeton University Press, 2010

From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" challenges the economic wisdom that got us into this recent financial crisis.

Between Debt and the Devil: Money, Credit, and Fixing Global Finance
Adair Turner
Princeton University Press, 2015

This book by the former head of the U.K. Financial Services Authority explains the role of private debt in the 2008 financial crisis and how public policy should manage credit creation.

Other People's Money: Masters of the Universe or Servants of the People?
John Kay
Profile Books Ltd, 2015

This Financial Times Book of the Year provides a critical analysis of the financial world that emerged from the 2008 financial crisis.

A Random Walk Down Wall Street (latest edition)
Burton K Malkiel
WW Norton & Co, 2012

An excellent introduction to theories of stock market behaviour:

A number of recent books on the financial crisis overlap with topics covered on the course

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.

Note: This book was made into a 2016 Oscar-winning film, which is now available on DVD and worth viewing http://www.thebigshortmovie.com/

Flash Boys: A Wall Street Revolt
Michael Lewis

  1. W. Norton & Company, 2014
  2. W. Norton & Company, 1989. Semi autobiographical book on the author’s experiences working for Solomon Brothers in the 1980s.

Note: This book explains how the unintended consequences of rules requiring brokers to seek best execution from competing exchanges led to the creation of the Investors Exchange, IEX.

Liar’s Poker: Rising through the Wreckage on Wall Street
Michael Lewis

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

Covers the genesis and dynamics of the financial crisis and critiques the strategies introduced to deal with it.

Books which may be helpful in providing additional reading on financial accounting and reporting, and as an introduction to the financial markets/investment:

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

The following three books are published by John Wiley in collaboration with the CFA Institute. They are available singly or as part of a specially discounted package at the University of Stirling book shop. Electronic versions are also available to registered students via the University Library Catalogue. The first of the three is valuable for both the Financial Reporting Module and the Financial Statement Analysis module and case study dissertations. The second is valuable for the Financial Statement Analysis and case study dissertations. The third is useful for the first semester Quantitative Methods in Finance module and for the dissertation.

International Financial Statement Analysis (3rd edition)
Robinson, Pirie and Broihahn
CFA Investment Series
John Wiley & Sons, 2015

Equity Asset Valuation (3rd edition)
Pinto, Henry, Robinson, and Stowe
CFA Institute Investment Series
John Wiley & Sons, 2015.

Quantitative Investment Analysis (3rd edition)
DeFusco, McLeavey, Pinto, Runkle and Anson
CFA Institute Investment Series
John Wiley & Sons, 2016

Module readling lists for Autumn Semester 2020

Readling lists for each module you choose can be on the Degree Programme Tables found on the portal. Log in to the portal and search for your modules to view the reading lists.