Subscribe to feed
Lights off 
SEE: Guide to Download Yale Video Lecture
Lecture Details :
Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well.
Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses
This course was recorded in Fall 2009.
Course Description :
This course attempts to explain the role and the importance of the financial system in the global economy. Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium. The course also gives a picture of the kind of thinking and analysis done by hedge funds.
Other Resources :
These Free Lectures are licensed under a Creative Commons License by Yale University
Other Economics Courses
- Erskine Seminars in Economics by University of Canterbury
- Introduction to Environmental Economics and Policy,Fall 2011 by UC Berkeley
- ECON 100C - Microeconomics C (B00) by UC San Diego
- ECON 113 - Mathematical Economics by UC San Diego
- Introductory Game Theory 2007 by University of Canterbury
- Game Theory by Yale
- Finance by Khan Academy
- Introduction to Econometrics by University of Oregon
- Introduction to Economics,Fall 2011 by UC Berkeley
- Monetary Theory and Policy by University of Oregon
» check out the complete list of Economics lectures
Economics Lecture Notes
- Econometrics 2002 by University of St. Galen
- Economics 200C: Games and Information by University of California
- Graduate Econometrics I by University of Wisconsin
- Economics 113: American Economic History by UC Berkeley
- Economics 14: Intro to Economics II by Pennsylvania State University
- Economics 2 by Pennsylvania State University
- Subcategories of Economics by United Kingdom University
- Economics 230B: Theory of Public Goods and Externalities by UCSB
- Game Theory and Business Strategy by Vanderbilt University
- ECN 1015 Business in a Market Economy by Other