Further suggested reading for the Core technical (CT) subjects

The following lists of further reading are provided for each of the Core technical subjects.

The exams for each subject will be based on the relevant syllabus and core reading, and the ActEd course material will be the main source of tuition for students. However, if you want clarification on some points or want to read further then you may find it useful to consult the texts suggested to get a different viewpoint.

If you find other books which you find particularly helpful for your studies can you please pass details of them to Georgina Warren.

Reading for subject CT1 | CT2 | CT3 | CT4 | CT5 | CT6 | CT7 | CT8

 

Subject CT1 - Financial mathematics

Actuarial mathematics. Bowers, N. L.; Gerber, H. U.; Hickman, J. C. et al. 2nd ed. Society of Actuaries, 1997. 753 pages. ISBN: 978-0938959465 (Borrow from libraries)

An introduction to the mathematics of finance: a deterministic approach. S J Garrett. 2nd ed. Butterworth-Heinemann, 2013. ISBN 978-0080982403 (Buy from eShopBorrow from libraries]
[Earlier edition: An introduction to the mathematics of finance. McCutcheon, J. J.; Scott, W. F. Heinemann, 1986. 463 pages. ISBN: 978-0434912285 (Buy from eShop | Borrow from libraries)]

Life insurance mathematics
. Gerber, H. U. 3rd ed. Springer; Swiss Association of Actuaries, 1997. 217 pages. ISBN: 978-3540622420 (Borrow from libraries)

Mathematics of compound interest. Butcher, M. V.; Nesbitt, C. J. Ulrich's Books, 1971. 324 pages. ISBN: 978-0960300013 (Borrow from libraries)

Theory of financial decision making. Ingersoll, J. E. Rowman & Littlefield, 1987. 474 pages. ISBN: 978-0847673599 (Borrow from libraries)

The theory of interest. Kellison, S. G. 3rd ed. Irwin, 2008. 463 pages. ISBN: 978-0073382449 (Borrow from libraries)

 

Subject CT2 - Finance and financial reporting

Accounting and finance for non-specialists. Atrill, P.; McLaney, E. 7th ed. Prentice Hall, 2010. 576 pages. ISBN: 978-0273745964 (Borrow from libraries)

Fundamentals of financial management (concise edition). Brigham, E. F.; Houston, J. F. 7th ed. South-Western, 2011. xxiv, 644, 8 pages. ISBN: 978-0538481526 (Borrow from libraries)

How to understand the financial pages. Davidson, A. 2nd ed. Kogan Page, 2008. 369 pages. ISBN: 978-0749451448 (Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Interpreting company reports and accounts. Holmes, G.; Sugden, A.; Gee, P. 10th ed. 336 pages. FT Prentice Hall, 2008. ISBN: 978-0273711414 (Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Principles of corporate finance (Global edition). Brealey, R. A.; Myers, S. C.; Allen, F. 10th ed. 944 pages. McGraw-Hill, 2010. ISBN: 978-0071314176 (Borrow from libraries)
Principles of corporate finance (Global edition). Brealey, R. A.; Myers, S. C.; Allen, F. 11th ed. 967 pages. McGraw-Hill, 2014. ISBN: 978-0077151560 (Borrow from libraries)

 

Subject CT3 - Probability and mathematical statistics

John E. Freund's Mathematical statistics with applications. Miller, I.; Miller, M.; [Freund, J. E.] 8th ed. Prentice Hall International, 2013. xi, 529 pages. ISBN: 978-0321904409 (Buy from eShop | Borrow from libraries) [Earlier editions held: 7th ed., 2004; 6th ed., 1999]

Regression modelling with actuarial and financial implications. Frees, E.W. Cambridge University Press, 2010. 565 pages. ISBN: 978-0521760119 (Buy from eShop | Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Subject CT4 - Models

Analysing survival data from clinical trials and observational studies. Marubini, E.; Valsecchi, M. G. John Wiley, 2004. 424 pages. ISBN: 978-0470093412 (Borrow from libraries)

The analysis of mortality and other actuarial statistics. Benjamin, B.; Pollard, J. H. 3rd ed. Institute and Faculty of Actuaries, 1993. 519 pages. ISBN: 978-0901066268 (Borrow from libraries)

Basic stochastic processes: a course through exercises. Brzezniak, Z.; Zastawniak, T. Springer, 1998. 225 pages. ISBN: 978-3540761754 (Buy from eShop | Borrow from libraries)

Introduction to actuarial modeling. Hickman, J. C. North American Actuarial Journal (1997) 1(3): 1-5. (North American Actuarial Journal now available to members via Athens portal - please contact the library service for details)

Mortality studies. Scott, W. F. Department of Mathematical Sciences, University of Aberdeen, 2000. 147 pages. (Buy from eShop | Borrow from libraries)

Probability and random processes. Grimmett, G.; Stirzaker, D. 3rd ed. Oxford University Press, 2001. 596 pages. ISBN: 978-0198572220 (Borrow from libraries)

The statistical analysis of failure time data. Kalbfleisch, J.D.; Prentice, R.L. 2nd ed. Wiley-Blackwell, 2002. xiii, 439 pages. ISBN 978-1420099607 (Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Stochastic processes: an introduction. Jones, P; Smith, P. Arnold, 2nd ed. Chapman & Hall, 2009. x, 221 pages. ISBN 978-1420099607 (Borrow from libraries)

Survival models and data analysis. Elandt-Johnson, R. C.; Johnson, N. L. John Wiley, 1999. 457 pages. ISBN: 978-0471349921 (Borrow from libraries)

 

Subject CT5 - Contingencies

Actuarial mathematics. Bowers, N. L.; Gerber, H. U.; Hickman, J. C. et al. 2nd ed. Society of Actuaries, 1997. 753 pages. ISBN: 978-0938959465 (Borrow from libraries)

Actuarial mathematics for life contingent risks. Dickson, D.C.M.; Hardy, M.R.; Waters, H.R. 2nd ed. Cambridge University Press, 2013. xi, 597 pages. ISBN: 978-1107044074  (Buy from eShop | Borrow from libraries) (eBook available via the Athens portal, contact the library service for details) [Earlier editions held: 1st ed., 2009]

Actuarial models for disability insurance. Haberman, S.; Pitacco, E. Chapman & Hall, 1999. 280 pages. ISBN: 978-0849303890 (Buy from eShop | Borrow from libraries)

The analysis of mortality and other actuarial statistics. Benjamin, B.; Pollard, J. H. 3rd ed. Institute and Faculty of Actuaries, 1993. 519 pages. ISBN: 978-0901066268 (Borrow from libraries)

Fundamentals of actuarial mathematics. Promislow, D. John Wiley, 2nd ed. John Wiley, 2011. 449 pages. ISBN 978-047684115 (Borrow from libraries)  [Earlier editions held: 1st ed., 2006] (eBook available via the Athens portal, contact the library service for details)

Life assurance mathematics. Scott, W. F. Heriot-Watt University, 1999. 343 pages. (Buy from eShop | Borrow from libraries)

Life contingencies. Neill, A. Heinemann, 1977. 452 pages. ISBN: 0434914401
(This book is no longer in print, but has been used as a textbook under earlier education strategies. You should find it relatively easy to borrow a copy from a colleague. Alternatively you can borrow it from the libraries.) (Borrow from libraries)

Life insurance mathematics. Gerber, H. U. 3rd ed. Springer; Swiss Association of Actuaries, 1997. 217 pages. ISBN: 978-3540622420 (Borrow from libraries)

Modern actuarial theory and practice. Booth, P. M.; Chadburn, R. G.; Haberman, S. et al. 2nd ed. Chapman & Hall, 2005. 799 pages. ISBN: 978-1584883685 (Buy from eShop | Borrow from libraries)

 

Subject CT6 - Statistical methods

An introduction to statistical modelling. Dobson, A. J. Chapman & Hall, 1983. 125 pages. ISBN: 978-0412248603 (Borrow from libraries)

Introductory statistics with applications in general insurance. Hossack, I. B.; Pollard, J. H.; Zehnwirth, B. 2nd ed. Cambridge University Press, 1999. 282 pages. ISBN: 978-0521655347 (Borrow from libraries)

Loss models: from data to decisions. Klugman, S. A.; Panjer, H. H.; Willmot, G. E. 4th. ed. John Wiley, 2012. xiv, 512 pages. ISBN: 978-1118215323 (Buy from eShop | Borrow from libraries) [Earlier editions held: 3rd ed., 2008; 2nd ed., 2004] (eBook available via the Athens portal, contact the library service for details)

Non-life actuarial models: theory, methods and evaluation. Tse, Y-K. Cambridge University Press, 2009. 524 pages. ISBN: 978-052764650 (Buy from eShop | Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Practical risk theory for actuaries. Daykin, C. D.; Pentikainen, T.; Pesonen, M. Chapman & Hall, 1994. 545 pages. ISBN: 978-0412428500 (Borrow from libraries)

Risk modelling in general insurance: from principles to practice. Gray, R.J.; Pitts, S.M. Cambridge University Press, 2012. xiv, 393 pages. ISBN: 978-0521863940 (Buy from eShop | Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)

Subject CT7 - Business economics

Business economics. Perman, R.; Scouller, J. Oxford University Press, 1999. 336 pages. ISBN: 978-0198775249 (Borrow from libraries)

Economics. Begg, D. K. H.; Fischer, S.; Dornbusch, R. 9th ed. McGraw-Hill, 2008. ISBN: 978-0077117870 (Borrow from libraries)

Economics. Lipsey, R. G.; Chrystal, K. A. 12th ed. Oxford University Press, 2011. xix, 677 pages. ISBN: 978-0199563388 (Borrow from libraries) [Earlier editions held: 11th ed. 2007; 10th ed., 2004]

Economics: international edition. Krugman, P.; Wells, R. 3rd ed. Worth; Macmillan, 2013. xliii, 1014, 19, 42, 15, 16 pages. ISBN: 978-1464128738 (Borrow from libraries)

Economics: special edition with global economic watch. Mankiw, N. G.; Taylor, M. P. Cengage Learning EMEA, 2010. xxiv, 916 pages. ISBN: 978-1408021286 (Borrow from libraries) [Earlier edition held: 2006]

Economics. Sloman, J. 8th ed. FT Prentice Hall, 2012. xxxxiv, 835, 18, 3, 21, 23 pages. ISBN: 978-0273763123 (Borrow from libraries) [Earlier edition held: 6th ed., 2006] (eBook available via the Athens portal, contact the library service for details)

Economics for business. Begg, D. K. H.; Ward, D. 3rd ed. McGraw-Hill, 2009. 560 pages. ISBN: 978-0077124731 (Borrow from libraries)

Economics for business. Sloman, J.; Hinde, K; Garratt, D.. 6th. Pearson, 2013. xxvii, 557, 4, 3, 14, 16 pages. ISBN: 978-0273792468 (Borrow from libraries) (This forms core reading for CT7 exam 2014)
[Earlier edition: Economics for business. Sloman, J.; Hinde, K; Garratt, D.. 5th ed. FT Prentice Hall, 2010. xxxiii, 742 pages. ISBN: 978-0273722335 (Borrow from libraries) (eBook available via the Athens portal, contact the library service for details)]

Essentials of economics. Sloman, J.; Garratt, D. 5th ed. FT Prentice Hall, 2010. 502 pages. ISBN: 978-0273722519 (Borrow from libraries)

Foundations of economics. Bade, R.; Parkin, M. 6th ed. Pearson Education, 2012. xxxxviii, 898, 15, 22, 2 pages. ISBN: 978-0132984874 (Borrow from libraries)

 

Subject CT8 - Financial economics

Financial calculus. An introduction to derivative pricing. Baxter, M.; Rennie, A. CUP, 1996. 233 pages. ISBN: 978-0521552899 (Buy from eShop | Borrow from libraries)

Financial economics: with applications to investments, insurance and pensions. Panjer, H. H. (ed) The Actuarial Foundation, 2001. 669 pages. ISBN: 978-0938959489 (Borrow from libraries)

Interest rate models. An introduction. Cairns, Andrew J. G. Princeton University Press, 2004. ISBN: 0691118949 (Borrow from libraries)

Introduction to mathematical portfolio theory. Joshi, Mark S.; Paterson, Jane M. Cambridge University Press, 2013. xii, 213 pages. ISBN 978-1107042315. (Borrow from libraries)

Modern portfolio theory and investment analysis. Elton, E. J.; Gruber, M. J.; Brown, S. J. et al. 8th ed. John Wiley, 2010. 727 pages. ISBN: 978-0470505847 (Borrow from libraries)

Options, futures and other derivatives. Hull, J. C. 8th ed. Prentice Hall, 2011. xi, 847 pages. ISBN: 978-0136015864 (Buy from eShop | Borrow from libraries) [Earlier editions held: 7th ed., 2008; 6th ed., 2006] 

Unless indicated as out of print, all books are available for ordering from bookshops with the details given. Where indicated, they can be bought from the Publications Shop or borrowed from the libraries.  eBooks are delivered through the MyiLibrary service, you will need an Athens portal log in and password which is available from the library service.