Lecture Details :
Financial Markets (ECON 252)
Professor Shiller, in his final lecture, reviews some of the most important tools for individual risk management. Significant inequality in domestic and international communities has created a need for social insurance programs, such as those created in Germany in the late 1800s. The tax system, bankruptcy laws, and government insurance programs are used to manage risk of personal wealth. However, each of these inventions must take account of psychological factors, such as moral hazard, in order to be effective without eliminating incentives to participate in the workforce, or other negative side effects. With regard to careers, including those in finance, young people should frame decisions with morality and purpose in mind, and with a broad perspective of both.
Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses
This course was recorded in Spring 2008.
Course Description :
Finance and Insurance, Technology and Invention, Portfolio Diversification, Efficient Markets vs. Excess Volatility, Human Foibles, Fraud, Manipulation and Regulation, Stocks, Real Estate Finance, Stock Index, Oil and Other Futures Markets.
Other Resources :
Other Economics Courses
- ECON 113 - Mathematical Economics by UC San Diego
- Monetary Theory and Policy by University of Oregon
- Financial Theory by Yale
- Introduction to Econometrics by University of Oregon
- Econ Dept Seminars by University of Canterbury
- Introduction to Environmental Economics and Policy,Fall 2011 by UC Berkeley
- Introductory Game Theory by University of Canterbury
- Psychology and Economics,Fall 2011 by UC Berkeley
- Finance by Khan Academy
- Intermediate Macroeconomic Theory by UC Berkeley
» check out the complete list of Economics lectures