Yale,, Spring 2008 , Prof. Robert Shiller
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Updated On 02 Feb, 19
Finance and Insurance as Powerful Forces in Our Economy and Society - The Universal Principle of Risk Management: Pooling and the Hedging of Risks - Technology and Invention in Finance - Portfolio Diversification and Supporting Financial Institutions (CAPM Model) - Insurance: The Archetypal Risk Management Institution - Efficient Markets vs. Excess Volatility - Behavioral Finance: The Role of Psychology - Human Foibles, Fraud, Manipulation, and Regulation - Guest Lecture by David Swensen - Debt Markets: Term Structure - Stocks - Real Estate Finance and its Vulnerability to Crisis - Banking: Successes and Failures - Guest Lecture by Andrew Redleaf - Guest Lecture by Carl Icahn - The Evolution and Perfection of Monetary Policy - Investment Banking and Secondary Markets - Professional Money Managers and Their Influence - Brokerage, ECNs,Guest Lecture by Stephen Schwarzman - Forwards and Futures - Stock Index, Oil and Other Futures Markets - Options Markets - Making It Work for Real People: The Democratization of Finance - Learning from and Responding to Financial Crisis I (Lawrence Summers)
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Financial Markets (ECON 252)
Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient investment vehicles. Although there are several types of banking institutions, including credit unions and Saving and Loan Associations, commercial banks are the largest and most important in the banking system. Banks are designed to address three significant problems in capital markets adverse selection, moral hazard, and liquidity. Banks make money by borrowing long and lending short and use fractional reserves to lend more funds than are deposited. History has seen numerous problems in banks, including bank runs and insolvency. Government support and regulation, such as those implemented via the Basel Accord, as well as rating agencies help to ensure that investors trust the banks with which they have relations.
Complete course materials are available at the Open Yale Courses website httpopen.yale.educourses
This course was recorded in Spring 2008.
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.