The following lists of further reading are provided for each of the Core Technical subjects. The examination for each subject will be based on the relevant Syllabus and Core Reading. The ActEd Course material will be the main source of tuition for students. However, if students require clarification on certain points or would wish to read further then they may find it useful to consult the texts suggested, to obtain a different viewpoint. If students find other books which they find particularly helpful for their studies can they please pass details of them to Georgina Warren.

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: 0938959468

An introduction to the mathematics of finance. McCutcheon, J. J.; Scott, W. F. Heinemann, 1986. 463 pages. ISBN: 043491228X
Available from the Publications Unit.

Life insurance mathematics. Gerber, H. U. 3rd ed. Springer; Swiss Association of Actuaries, 1997. 217 pages. ISBN: 354062242X
Available from the Publications Unit.

Mathematics of compound interest. Butcher, M. V.; Nesbitt, C. J. Ulrich's Books, 1971. 324 pages. ISBN: 0960300015

Theory of financial decision making. Ingersoll, J. E. Rowman & Littlefield, 1987. 474 pages. ISBN: 0847673596 The theory of interest. Kellison, S. G. 2nd ed. Irwin, 1991. 446 pages. ISBN: 0256091501
Available from the Publications Unit.

Subject CT2: Finance and Financial Reporting

Financial statement analysis in Europe. Samuels, J. M.; Brayshaw, R. E.; Craner, J. M. Chapman & Hall, 1995. 454 pages. ISBN: 0412544504

Fundamentals of financial management. Brigham, E. F.; Houston, J. F. 9th ed. Harcourt Brace, 2000. 959 pages. ISBN: 0030314615

How to read the financial pages. Brett, M. 5th ed. Random House Business Books, 2003. 430 pages. ISBN: 0712662596

Interpreting company reports and accounts. Holmes, G.; Sugden, A.; Gee, P. 8th ed. Pearson Education, 2002. 298 pages. ISBN: 0273655922 Principles of corporate finance. Brealey, R. A.; Myers, S. C. 7th ed. McGraw-Hill, 2003. 1004 pages. ISBN: 0071151443

Subject CT3: Probability and Mathematical Statistics

John E. Freund's Mathematical statistics. Miller, I.; Miller, M.; [Freund, J. E.] 6th ed. Prentice Hall International, 1999. 624 pages. ISBN: 0139741550
Available from the Publications Unit.

Subject CT4: Models

Analysing survival data from clinical trials and observational studies. Marubini, E.; Valsecchi, M. G. John Wiley, 1995. 414 pages. ISBN: 0471939870

Basic stochastic processes. A course through exercises. Brzezniak, Z.; Zastawniak, T. Springer, 1998. 225 pages. ISBN: 3540761756
Available from the Publications Unit.

Fundamentals of actuarial mathematics. Promislow, D. Wiley, 2005. 392 pp. ISBN 9780470016893

Introduction to actuarial modeling. Hickman, J. C. North American Actuarial Journal (1997) 1(3): 1-5

Mortality studies. Scott, W. F. Department of Mathematical Sciences, University of Aberdeen, 2000. 147 pages.
Available from the Publications Unit.

Probability and random processes. Grimmett, G.; Stirzaker, D. 3rd ed. Oxford University Press, 2001. 596 pages. ISBN: 0198572220

Stochastic processes: an introduction. Jones, P; Smith, P. Arnold, 2001. 272 pp. ISBN 0340806540

Survival models and data analysis. Elandt-Johnson, R. C.; Johnson, N. L. John Wiley, 1999. 457 pages. ISBN: 0471349925
Available from the Publications Unit.

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: 0938959468

Actuarial models for disability insurance. Haberman, S.; Pitacco, E. Chapman & Hall, 1999. 280 pages. ISBN: 0849303893
Available from the Publications Unit.

The analysis of mortality and other actuarial statistics. Benjamin, B.; Pollard, J. H. 3rd ed. Institute and Faculty of Actuaries, 1993. 519 pages. ISBN: 0901066265
Available from the Publications Unit.

Life assurance mathematics. Scott, W. F. Heriot-Watt University, 1999. 343 pages.
Available from the Publications Unit.

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.)

Life insurance mathematics. Gerber, H. U. 3rd ed. Springer; Swiss Association of Actuaries, 1997. 217 pages. ISBN: 354062242X
Available from the Publications Unit.

Modern actuarial theory and practice. Booth, P. M.; Chadburn, R. G.; Cooper, D. R. et al. Chapman & Hall, 1999. 716 pages. ISBN: 0849303885
Available from the Publications Unit.

Subject CT6: Statistical Methods

An introduction to statistical modelling. Dobson, A. J. Chapman & Hall, 1983. 125 pages. ISBN: 0412248603

Introductory statistics with applications in general insurance. Hossack, I. B.; Pollard, J. H.; Zehnwirth, B. 2nd ed. Cambridge University Press, 1999. 282 pages. ISBN: 052165534X

Loss models: from data to decisions. Klugman, S. A.; Panjer, H. H.; Willmot, G. E. et al. John Wiley, 1998. 644 pages. ISBN: 0471238848
Available from the Publications Unit.

Practical risk theory for actuaries. Daykin, C. D.; Pentikainen, T.; Pesonen, M. Chapman & Hall, 1994. 545 pages. ISBN: 0412428504
Available from the Publications Unit.

Subject CT7: Economics

Economics. Begg, D. K. H.; Fischer, S.; Dornbusch, R. 8th ed. McGraw-Hill, 2005. ISBN: 0077107756

Economics. Lipsey, R. G.; Chrystal, K. A. 11th ed. Oxford University Press, 2007. ISBN: 9780199286416

Economics. Mankiw, N.G.; Taylor, M. P. Thomson, 2006. ISBN: 1844801330

Economics. Parkin, M.; Powell, M.; Matthews, K. 6th ed. Pearson Education, 2005. ISBN: 0321312643

Economics. Sloman, J. 6th ed. FT Prentice Hall, 2006. ISBN: 0273705121

Essentials of economics. Sloman, J. 4th ed. FT Prentice Hall, 2006. ISBN: 0273708813

Economics. Krugman, P.; Wells, R.; Graddy, K. European ed. Worth, 2007. ISBN 0716799561

Subject CT8: Financial Economics

Financial calculus. An introduction to derivative pricing. Baxter, M.; Rennie, A. CUP, 1996. 233 pages. ISBN: 0521552893
Available from the Publications Unit.

Financial economics: with applications to investments, insurance and pensions. Panjer, H. H. (ed) The Actuarial Foundation, 1998. 669 pages. ISBN: 0938959484

Interest rate models. An introduction. Cairns, Andrew J. G. Princeton University Press, 2004

Modern portfolio theory and investment analysis. Elton, E. J.; Gruber, M. J.; Brown, S. J. et al. 6th ed. John Wiley, 2003. 705 pages. ISBN: 0471238546

Options, futures and other derivatives. Hull, J. C. 5th ed. Prentice Hall, 2002. 744 pages. ISBN: 0130465925
Available from the Publications Unit.

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 Unit at Napier House. Books may be borrowed from the libraries, but there may be a long waiting list for the more popular items.