An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise.
Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the functioning of securities, insurance, and banking industries.
This Yale College course, taught on campus twice per week for 75 minutes, was recorded for Open Yale Courses in Spring 2011.
Lecture 1 – Introduction and What this Course Will Do for You and Your Purposes
Lecture 2 – Risk and Financial Crises
Lecture 3 – Technology and Invention in Finance
Lecture 4 – Portfolio Diversification and Supporting Financial Institutions
Lecture 5 – Insurance, the Archetypal Risk Management Institution: Its Opportunities and Vulnerabilities
Lecture 6 – Guest Speaker: David Swensen
Lecture 7 – Efficient Markets
Lecture 8 – Theory of Debt, Its Proper Role, Leverage Cycles
Lecture 9 – Corporate Stocks
Lecture 10 – Real Estate
Lecture 11 – Behavioral Finance and the Role of Psychology
Lecture 12 – Misbehavior, Crises, Regulation and Self Regulation
Lecture 13 – Banks
Lecture 14 – Guest Speaker Maurice “Hank” Greenberg
Lecture 15 – Forward and Futures Markets
Lecture 16 – Guest Speaker Laura Cha
Lecture 17 – Options Markets
Lecture 18 – Monetary Policy
Lecture 19 – Investment Banks
Lecture 20 – Professional Money Managers and Their Influence
Lecture 21 – Exchanges, Brokers, Dealers, Clearinghouses
Lecture 22 – Public and Non-Profit Finance
Lecture 23 – Finding Your Purpose in a World of Financial Capitalism
Instructor: Robert J. Shiller, Arthur M. Okun Professor of Economics
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