Financial Markets (2011) with Robert Shiller 1. Introduction and What this Course Will Do for You and Your Purposes
1. Introduction and What this Course Will Do for You and Your Purposes Transcript and Lesson Notes
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
Quick Summary
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
Key Takeaways
- Review the core idea: 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
- Understand how Resource allocation fits into 1. Introduction and What this Course Will Do for You and Your Purposes.
- Understand how risk management fits into 1. Introduction and What this Course Will Do for You and Your Purposes.
- Understand how financial crisis fits into 1. Introduction and What this Course Will Do for You and Your Purposes.
- Understand how finance as engineering fits into 1. Introduction and What this Course Will Do for You and Your Purposes.
Key Concepts
Full Transcript
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 Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Lesson FAQs
What is 1. Introduction and What this Course Will Do for You and Your Purposes about?
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
What key concepts are covered in this lesson?
The lesson covers Resource allocation, risk management, financial crisis, finance as engineering, finance occupation.
What should I learn before 1. Introduction and What this Course Will Do for You and Your Purposes?
Review the previous lessons in Financial Markets (2011) with Robert Shiller, then use the transcript and key concepts on this page to fill any gaps.
How can I practice after this lesson?
Practice by applying the main concepts: Resource allocation, risk management, financial crisis, finance as engineering.
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Yes. The full transcript is visible on this page in indexable HTML sections.
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