Yale - L15. Forward and Futures Markets
To begin the lecture, Professor Shiller elaborates on the difference between forwards and futures and on the role of futures markets to infer future prices for the underlying comm…
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Lessons
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Yale - L16. Guest Speaker Laura Cha
This is a guest lecture by Laura Cha, former vice chair of the China Securities Regulatory Commission and a member of the Executive Council of Hong Kong. In her introductory remar…
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Yale - L17. Options Markets
After introducing the core terms and main ideas of options in the beginning of the lecture, Professor Shiller emphasizes two purposes of options, a theoretical and a behavioral pu…
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Yale - L18. Monetary Policy
To begin the lecture, Professor Shiller explores the origins of central banking, from the goldsmith bankers in the United Kingdom to the founding of the Bank of England in 1694, w…
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Yale - L19. Investment Banks
Professor Shiller characterizes investment banking by contrasting it to consulting, commercial banking, and securities trading. Then, in order to see the essence of investment ban…
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Yale - L2. Risk and Financial Crises
Professor Shiller introduces basic concepts from probability theory and embeds these concepts into the concrete context of financial crises, with examples from the financial crisi…
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Yale - L20. Professional Money Managers and their Influence
Professor Shiller argues that institutional investors are fundamentally important to our economy and our society. Following his thoughts about societal changes in a modern and cap…
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Yale - L21. Exchanges, Brokers, Dealers, Clearinghouses
As the starting point for this lecture, Professor Shiller contrasts the view of economics as the theory of the allocation of scarce resources with the view of economics as the stu…
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Yale - L22. Public and Non-Profit Finance
As an introduction to public and nonprofit finance, Professor Shiller reflects on the remarkable financial structures that we have in support of public causes, making possible the…
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Yale - L23. Finding your Purpose in a World of Financial Capitalism
After reviewing the main themes of this course, Professor Shiller shares his views about finance from a broader perspective. His first topic, the morality of finance, centers on P…
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Yale - L3. Technology and Invention in Finance
In the beginning of the lecture, Professor Shiller reviews the probability theory concepts from the last class and extends these concepts by the central limit theorem. Afterwards,…
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Yale - L4. Portfolio Diversification and Supporting Financial Institutions
In this lecture, Professor Shiller introduces mean-variance portfolio analysis, as originally outlined by Harry Markowitz, and the capital asset pricing model (CAPM) that has been…
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