Financial Markets (2011)
- Free
- No certificate
Financial Markets is the Spring 2011 recording of Robert Shiller's undergraduate course ECON 252, published on Open Yale Courses as 23 lectures of about 75 minutes each. It begins with what finance is for and how societies manage risk, then takes the main institutions in turn: insurance and portfolio diversification, efficient markets, debt and leverage, corporate stocks, real estate, behavioral finance, banks, forward and futures markets, options, monetary policy, investment banks, professional money managers, exchanges and clearinghouses, and public and non-profit finance. Three guest lectures from practitioners sit inside the sequence.
Every session is offered as streaming video, downloadable video or audio, and a searchable transcript, with the syllabus, reading list, problem sets and exams posted alongside. Open Yale Courses is free and needs no registration, but nothing is graded and no certificate or credit is available. Yale also runs a Coursera edition of Financial Markets in which the whole course is free to take and a certificate can be bought separately.
What you’ll learn
- Explain how insurance, diversification and financial institutions are used to manage risk
- Describe how stocks, bonds, real estate, forwards, futures and options are priced and traded
- Contrast the efficient-markets view with behavioral finance and the psychology of investors
- Trace how banks, investment banks, exchanges, brokers and clearinghouses fit together
- Follow the debate over crises, regulation and self-regulation after 2008
- Relate monetary policy and public finance to the wider financial system
Who it’s for
Anyone who wants a complete semester on how securities, insurance and banking institutions work, delivered as recorded lectures rather than assessed exercises.
Source: Yale Online (opens in a new tab) · Verified · Report a change
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