1. Stanford Minimalist Economics

Author: [America] Timothy Taylor

Timothy Taylor is the most popular professor of economics at Stanford University, the editor-in-chief of Economic Outlook, the authoritative publication of American Economic Association, the winner of Outstanding Teaching Award at Stanford University, and the author of Principles of Economics, an American general textbook.

This book starts with 36 key economic terms, each of which is about 3000 words. It introduces concepts and principles with examples of life. The concept is clear, and it can be easily understood without economic foundation, which helps us to understand the complex economic operation, make rational decisions, work smarter, and improve efficiency and quality of life. It is also the most popular introductory course in economics at Stanford University. Students who are about to enter the university can have a look and have a general understanding of the economy.

2. Principles of economics

Author: [America] N Gregory Man Kun

Although I have been recommended many times, I still want to say that Man Kun's economic principles are really worth seeing!

Many people really understand western economics, starting with Man Kun's Principles of Economics, because it is very interesting and easy to understand, and the "Ten Principles of Economics" is impressive. When I study Samuelson's economics, I feel that economics is like a rigorous old pedant, but when I read Man Kun, it is different, like a friend who can tell stories. I believe you will like her even if you don't work in finance. This is definitely an affordable pillow book.

3. Thinking mode of economics (12 version)

Author: (America) Paul Hein/Peter Botek/David Presecco

This book is not only suitable for teaching economics, but also suitable for everyday students to think with economic thinking.

Different from mainstream economics textbooks, this book avoids complex formulas, functions and operations, combines complex and seemingly unrelated social phenomena in daily life with a consistent thinking framework, and shows an "economic imagination" through simple and interesting pictures. Like Douglas? North believes that the advantage of economics is that it is a way of thinking, and the purpose of this book is to guide readers to learn the way of economic reasoning so that they can think like economists.

4. Strategic thinking

Author: Avinash K. Dixit/Barry J Nierboff

When we study economics, we will definitely encounter game theory. Game theory is usually associated with mathematics. Mathematics may be a difficult problem for students who are new to finance, but this book analyzes the practical application of game theory through detailed cases. This book, co-authored by Neil Boff, a professor at Yale University, and dixit, a professor at Princeton University, shows readers who have no economic foundation the truth of strategic thinking in game theory with many living examples.

Progressive class

I believe that after you know something about economy and finance, you may want to learn something deeper. Here are some financial textbooks that I think are worth reading:

1. Monetary finance

Author: Frederick mishkin

Anyone engaged in the financial industry will not be unfamiliar with this book, which is the first professional basic course textbook for financial professionals. In the past, the course of China University was called "Money Banking". Later, with the development of the financial industry, money gradually became a part of financial products, but not all. Banks are also a branch of financial institutions, so they are changed to Finance or Monetary Finance, which are in line with international standards, but they are actually the same kind of books. Frederick S. mishkin is the absolute authority in this field. There are still discrepancies between the English version and the Chinese version that Gordon Financial read directly from Bian Xiao. It is recommended that students who are capable and ready to take the FRM/CFA exam also read the English version directly.

2. Option futures and other derivatives

Author: [Canada] John C. Hull

……FRM research partners, this is probably a perpetual pain in their hearts .................................................................................................................................................................. The system of options, futures and other derivatives expounds the basic theories of options and futures in the financial derivatives market and provides a large number of industry examples. It mainly describes the operation mechanism of futures market, hedging strategy of futures, determination of forward and futures prices, operation process of options market, operation process of options market, nature of stock options, options trading strategy and credit derivatives, Black-Scholes model, Greek value and its application, climate, energy and insurance derivatives, etc. By the way, you can also read another book by the author, Risk Management and Financial Institutions, which can help you understand the content of the exam.

3. Financial modeling

Authors: Beninga, Simon,

How can finance enter an investment bank without excel? This book teaches you all kinds of financial models, from CAPM and corporate finance to portfolio model and VaR. You will get a much clearer idea when you get this book. In a word, this book covers almost all the fields of introduction to finance, and gives practical models and data analysis. Especially for students who want to study metrology or become analysts, this book is definitely worth reading. However, the disadvantage is that there is no Chinese version at present, so it is difficult to read.

It's okay. Look at that.

Reading textbooks is still boring. Here are some light reading materials:

1. Restore the real Fed

Author: Wang Jian

If you have seen Song Hongbing's conspiracy theory drama Currency War, if you haven't seen it but are curious about the Federal Reserve, this is a good book. Very clear, organized and well-founded. Style is like a handout without technical details, knowledge points popularized by the Federal Reserve, and financial common sense. At the end of each chapter, there is a summary of knowledge points. The author is a senior economist and policy adviser of the Federal Reserve Bank of Dallas, and has obtained a doctorate in economics from the University of Wisconsin, so it is inevitable that he is somewhat biased, but he is closer to the real financial world than science fiction.

2. "big bear"

Author: michael lewis

This book has been adapted into a film. You can watch a movie first, and the acceptance may be higher. This book interviewed fund managers and traders who shorted real estate during the subprime mortgage crisis, and wrote how they smelled the crisis, bet on the subprime mortgage market, bought a lot of credit default swaps, and finally earned a lot of wealth.