"Lec 1 - Introduction and What this Course Will Do for You and Your Purposes" Financial Markets (2011) (ECON 252) Professor Shiller provides a description of the course, including its general theme, the relevant textbooks, as well as the interplay of his course with Professor Geanakoplos's course "Economics 251--Financial Theory." Finance, in his view, is a pillar of civilized society, dealing with the allocation of resources through space and time in order to manage big and important risks. After talking about finance as an occupation, he emphasizes the moral imperative to use wealth for the purposes of philanthropy, in the spirit of Andrew Carnegie, but also of Bill Gates and Warren Buffett. Subsequently, he introduces the guest speakers David Swensen, Yale University's chief investment officer, Maurice "Hank" Greenberg, former Chief Executive Officer (CEO) at American International Group (AIG) and current CEO of C.V. Starr & Co. and of Starr International, and Laura Cha, former vice chair of the China Securities Regulatory Commission, member of the Executive Council of Hong Kong and of the government of the People's Republic of China, and director of the Hong Kong Shanghai Banking Corporation (HSBC). Finally, he concludes with a description of the topics to be discussed in each lecture. 00:00 - Chapter 1. Introduction to the Course 06:12 - Chapter 2. Broader Context of the Course 22:41 - Chapter 3. Finance as an Occupation 30:40 - Chapter 4. Using Wealth for a Purpose 40:30 - Chapter 5. Outside Speakers and Teaching Assistants 50:26 - Chapter 6. Outline of the Lectures Complete course materials are available at the Open Yale Courses website: http://oyc.yale.edu This course was recorded in Spring 2011.
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Lec 2 - Risk and Financial Crises
Lec 3 - Technology and Invention in Finance
Lec 4 - Portfolio Diversification and Supporting Financial Institutions
Lec 5 - Insurance, the Archetypal Risk Management Institution, its Opportunities and Vulnerabilities
Lec 6 - Guest Speaker David Swensen
Lec 8 - Theory of Debt, Its Proper Role, Leverage Cycles
Lec 11 - Behavioral Finance and the Role of Psychology
Lec 12 - Misbehavior, Crises, Regulation and Self Regulation
Lec 14 - Guest Speaker Maurice
Lec 15 - Forward and Futures Markets
Lec 16 - Guest Speaker Laura Cha
Lec 20 - Professional Money Managers and their Influence
Lec 21 - Exchanges, Brokers, Dealers, Clearinghouses
Lec 22 - Public and Non-Profit Finance
Lec Last - Finding your Purpose in a World of Financial Capitalism