Course: Financial Markets (2008) with Robert Shiller Dnatube

share this page with the world.

WATCH LECTURE

Lec 1-Year 2008 Finance and Insurance as ...

Finance and Insurance as Powerful Forces in Our Financial Markets (ECON 252) Professor Shiller provides a description of the course, Financial Markets, including administrative details and the topics to be discussed in each lecture. He briefly discusses the importance of studying finance and each key topic. Lecture topics will include: behavioral finance, financial technology, financial...
WATCH LECTURE

Lec 2 -Year 2008 - The Universal Princip ...

The Universal Principle of Risk Management: Pooling and the Hedging of Risks -Year 2008 Financial Markets (ECON 252) Statistics and mathematics underlie the theories of finance. Probability Theory and various distribution types are important to understanding finance. Risk management, for instance, depends on tools such as variance, standard deviation, correlation, and regression analysis....
WATCH LECTURE

Lec 3 -Year 2008 - Technology and Invent ...

Technology and Invention in Finance Financial Markets (ECON 252) -Year 2008 Technology and innovation underlie finance. In order to manage risks successfully, particularly long-term, we must pool large amounts of risk among many, diverse people and overcome barriers such as moral hazard and erroneous framing. Inventions such as insurance contracts and social security, and information...
WATCH LECTURE

Lec 4 -Year 2008 - Portfolio Diversifica ...

Portfolio Diversification and Supporting Financial Institutions (CAPM Model) -Year 2008 Financial Markets (ECON 252) Portfolio diversification is the most fundamental concept of risk management. The allocation of financial resources in stocks, bonds, riskless, assets, oil and other assets determine the expected return and risk of a portfolio. Taking account of covariances and expected...
WATCH LECTURE

Lec 5 -Year 2008 - Insurance: The Archet ...

Insurance: The Archetypal Risk Management Financial Markets (ECON 252) -Year 2008 Insurance provides significant risk management to a broad public, and is an essential tool for promoting human welfare. By pooling large numbers of independent or low-correlated risks, insurance providers can minimize overall risk. The risk management is tailored to individual circumstances and reflects...
WATCH LECTURE

Lec 6 -Year 2008 - Efficient Markets vs. ...

Efficient Markets vs. Excess Volatility Financial Markets (ECON 252) -Year 2008 Several theories in finance relate to stock price analysis and prediction. The efficient markets hypothesis states that stock prices for publicly-traded companies reflect all available information. Prices adjust to new information instantaneously, so it is impossible to "beat the market." Furthermore, the random...
WATCH LECTURE

Lec 7 -Year 2008 - Behavioral Finance: T ...

Behavioral Finance: The Role of Psychology -Year 2008 Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations....
WATCH LECTURE

Lec 8 -Year 2008 - Human Foibles, Fraud ...

Human Foibles, Fraud, Manipulation, and Regulation -Year 2008 Financial Markets (ECON 252) Regulation of financial and securities markets is intended to protect investors while still enabling them to make personal investment decisions. Psychological phenomena, such as magical thinking, overconfidence, and representativeness heuristic can cause deviations from rational behavior and distort...
WATCH LECTURE

Lec 9 -Year 2008 - Guest Lecture by Dav ...

Guest Lecture by David Swensen Financial Markets (ECON 252) -Year 2008 David Swensen, Yale's Chief Investment Officer and manager of the University's endowment, discusses the tactics and tools that Yale and other endowments use to create long-term, positive investment returns. He emphasizes the importance of asset allocation and diversification and the limited effects of market timing and...
WATCH LECTURE

Lec 10 -Year 2008 - Debt Markets: Term S ...

Debt Markets: Term Structure Financial Markets (ECON 252) -Year 2008 The markets for debt, both public and private far exceed the entire stock market in value and importance. The U.S. Treasury issues debt of various maturities through auctions, which are open only to authorized buyers. Corporations issue debt with investment banks as intermediaries. The interest rates are not set by the...
WATCH LECTURE

Lec 11 -Year 2008- Stocks

Stocks Financial Markets (ECON 252) -Year 2008 The stock market is the information center for the corporate sector. It represents individuals' ownership in publicly-held corporations. Although corporations have a variety of stakeholders, the shareholders of a for-profit corporation are central since the company is ultimately responsible to them. Companies offer dividends, stock repurchases...
WATCH LECTURE

Lec 12 -Year 2008 - Real Estate Finance ...

Real Estate Finance and its Vulnerability to Crisis -Year 2008 Financial Markets (ECON 252) Real Estate is the biggest asset class and of great importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the public has changing ideas of real estate as a profitable investment. People's demand to buy...
WATCH LECTURE

Lec 13 -Year 2008 - Banking: Successes ...

Banking: Successes and Failures Financial Markets (ECON 252) -Year 2008 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...
WATCH LECTURE

Lec 14 -Year 2008 - Guest Lecture by And ...

Guest Lecture by Andrew Redleaf Financial Markets (ECON 252) -Year 2008 Andrew Redleaf, a Yale graduate and manager of Whitebox Advisors, a hedge fund, discusses his experience with financial markets. He addresses one of the fundamental questions in finance--whether or not markets are efficient--and concludes that although they don't seem to be efficient, beating the market is very...
WATCH LECTURE

Lec 15 -Year 2008 - Guest Lecture by Ca ...

Guest Lecture by Carl Icahn -Year 2008 Financial Markets (ECON 252) Mr. Carl Icahn, a prominent activist investor in corporate America, talks about his career and how he became interested in finance and involved in shareholder activism. He discusses his thoughts about today's economy and American businesses and their inherent threats and opportunities. He believes that the biggest...
WATCH LECTURE

Lec 16 -Year 2008 - The Evolution and Pe ...

The Evolution and Perfection of Monetary Policy -Year 2008 Financial Markets (ECON 252) Central Banks, originally created as bankers' banks, implement monetary policy using their leverage over the supply of money and credit standards. Since the Bank of England was founded in 1694, through the gold standard which lasted until the 1930s, and into modern times, central banks have pursued...
WATCH LECTURE

Lec 17 -Year 2008 - Investment Banking a ...

Investment Banking and Secondary Markets -Year 2008 Financial Markets (ECON 252) First, Professor Shiller discusses today's changing financial system and recent market stabilization reform introduced by U.S. Treasury Secretary Henry Paulson. The financial system is inherently unstable and would benefit from more surveillance, particularly for consumer protection issues, given the recent...
WATCH LECTURE

Lec 18 -Year 2008 - Professional Money M ...

Professional Money Managers and Their Influence -Year 2008 Financial Markets (ECON 252) Most people are not very good at dealing in financial markets. Professional money managers, such as financial advisors and financial planners, assist individuals in matters of personal finance. FINRA and the SEC monitor the activities of these managers in order to protect individual investors. Mutual...
WATCH LECTURE

Lec 19 -Year 2008 - Brokerage, ECNs, etc.

Brokerage, ECNs, etc. -Year 2008 Financial Markets (ECON 252) The exchanges in which stocks and other securities are traded serve an important function in finance. They bring together people interested in buying and selling securities in order to create a universal price. Brokers and dealers are also an important part of the system, their methods and standards are ultimately behind the...
WATCH LECTURE

Lec 20 -Year 2008 - Guest Lecture by Ste ...

Guest Lecture by Stephen Schwarzman -Year 2008 Financial Markets (ECON 252) Stephen Schwarzman, Co-Founder of Blackstone Group, a private equity firm, speaks about his experience in the industry. He discusses his thoughts on global finance, particularly at such an interesting and challenging point in the history of financial institutions. Although the near future might be rough for the...
WATCH LECTURE

Lec 21 -Year 2008 - Forwards and Futures

Forwards and Futures -Year 2008 Financial Markets (ECON 252) Futures markets were started in Osaka, Japan in the 1600s to create an authoritative and meaningful market price for agricultural products, using standardized contracts. Since then, futures markets have been copied around the world to allow the hedging various future risks, financial and other. In the United States, the Chicago...
WATCH LECTURE

Lec 22 -Year 2008 - Stock Index, Oil and ...

Stock Index, Oil and Other Futures Markets -Year 2008 Financial Markets (ECON 252) Futures markets have expanded far beyond their initial application to farmer's planting and harvest cycles. These markets now allow investors and traders to set prices for a broad spectrum of assets and for a whole term structure stretching into the distant future. Some of these markets are often priced...
WATCH LECTURE

Lec 23 -Year 2008 - Options Markets

Options Markets -Year 2008 Financial Markets (ECON 252) Options introduce an essential nonlineary into portfolio management. They are contracts between buyers and writers, who agree on exercise prices and dates at which the buyer can buy or sell the underlying (such as a stock). Options are priced based on the price and volatility of the underlying asset as well as the duration of the...
WATCH LECTURE

Lec 24 -Year 2008 - Making It Work for R ...

Making It Work for Real People: The Democratization of Finance -Year 2008 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...
WATCH LECTURE

Lec 25 -Year 2008 - Learning from and Re ...

Learning from and Responding to Financial Crisis I (Lawrence Summers) -Year 2008 Financial Markets (ECON 252) Professor Summers, former U. S. Treasury Secretary and former President of Harvard University, in this the first of two lectures in honor of former Yale Professor and Council of Economic Advisors chairman Arthur Okun, offers thoughts on the role of monetary policy in economic...
WATCH LECTURE

Lec 26 -Year 2008 Learning from and Res ...

Learning from and Responding to Financial Crisis II (Lawrence Summers) -Year 2008 Financial Markets (ECON 252) In the second of his two lectures in honor of Arthur Okun, Professor Summers points out that real interest rates have been very low in the current subprime crisis. This indicates that the shock to the economy was more a financial breakdown shock than a disinflation shock. But...

Financial Markets (2008) with Robert Shiller


Source of these courses is Yale 
Financial institutions are a pillar of civilized society, supporting people in their productive ventures and managing the economic risks they take on. The workings of these institutions are important to comprehend if we are to predict their actions today and their evolution in the coming information age. The course strives to offer understanding of the theory of finance and its relation to the history, strengths and imperfections of such institutions as banking, insurance, securities, futures, and other derivatives markets, and the future of these institutions over the next century.
Yale  Website: http://www.dnatube.com/school/yale

SEE UNIVERSITY PANEL

Yale 

Videos are obtained from Yale 
COURSE NAME: Financial Markets (2008) with Robert Shiller

51207 LECTURE VIEWS

1615 COURSE VIEWS