FRM® Part I PREPSMARTER

2018 Curriculum Changes

2017 2018
FINANCIAL MARKETS AND PRODUCTS
FMP-4: Introduction FMP-4: Introduction
John C. Hull, Options, Futures, and Other Derivatives, 9th John C. Hull, Options, Futures, and Other Derivatives,
Edition (New York: Pearson Prentice Hall, 2014). 10th Edition (New York, NY: Pearson, 2017).

FMP-5: Futures Markets and Central

FMP-5: Mechanics of Futures Markets
Counterparties
John C. Hull, Options, Futures, and Other Derivatives, 9th John C. Hull, Options, Futures, and Other Derivatives,
Edition (New York: Pearson Prentice Hall, 2014). 10th Edition (New York, NY: Pearson, 2017).

VALUATION AND RISK MODELS

VRM-4: Binomial Trees VRM-4: Binomial Trees
John C. Hull, Options, Futures, and Other Derivatives, 9th John C. Hull, Options, Futures, and Other Derivatives,
Edition (New York: Pearson, 2014). 10th Edition (New York, NY: Pearson, 2017).

VRM-7: Prices, Discount Factors, and Arbitrage
Bruce Tuckman, Fixed Income Securities, 3rd Edition
(Hoboken, NJ: John Wiley & Sons, 2011).
VRM-7: Prices, Discount Factors, and Arbitrage
Bruce Tuckman and Angel Serrat, Fixed Income
Securities: Tools for Today’s Markets, 3rd Edition
(Hoboken, NJ: John Wiley & Sons, 2011).

VRM-12: Aswath Damodaran, “Country Risk: VRM-12: Aswath Damodaran, “Country Risk:
Determinants, Measures and Implications - The 2015 Determinants, Measures and Implications - The
Edition” (July 2015). 2017 Edition” (July 19, 2017). (Pages 1-47 only).

New in 2018 Updated for 2018 Removed in 2018

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