all: https://www.youtube.com/playlist?list=PL8FB14A2200B87185
Lec 01: Introduction and What this Course Will Do for You and Your Purposes
URL: https://www.youtube.com/watch?v=WQui_3Hpmmc&index=1&list=PL8FB14A2200B87185
Finance is about making purposes happen. It's fundamental to what we do and structure of our lives, cannot be avoided. It's about:
- technology for doing things,
- engineering with people
- getting capital or other resources in large scales, to build organizations to do things that happen in big scales,
- putting deals together and getting people incentivized do sth.,
Refs
Course
Eco.251: Financial Theory, by Prof. John Geanakkoplos
(more about math)
Book
Foundations of Financial Markets and Institutions, by Frank Fabozzi
Prerequisite
nothing but basics of economics
Purposes
build intuitions, know history
A question:
What if you have one thousand million dollars? (moral obligations, people like Carnegie)
Three people specially mentioned :
- David Swensen(eco 450)
- Maurice "Hank" Greenberg(founded AIG)
- Laura Cha
Contents
Lec 2: core concept of risk, financial crisis. concept of probability, concepts of independent risk, minimize risks through portfolio (actually not indpendent, so the crisis exists).
Lec 3: technology and invention in finance
Lec 4: portfolio diversification, how risks are spread, briefly about Captial Asset Pricing Model
Lec 5: insurance(don't have concepts until probability theory invented, about 1600s) (charity doesen't work on a big enough scale)
Lec 6: efficient markets
Lec 7: debt markets.(fundamental to the things we want to do in our lives)(e.g., borrow money to buy a house)
Lec 8: stock markets.(about motivation, to make some enterprises happen)
Lec 9: real estate
Lec 10: behavioral finance
Lec 11: behavioral finance
Lec 12: banking, multiple expansion of credit, the money multiplier, bank regulation,
Lec 13: forwards and future markets
Lec 14: options markets
Lec 15: monetary policy
Lec 16: investment banking(Dodd Frank?)
Lec 17: professional money managers
Lec 18: exchanges, brokers, dealers. clearinghouse
Lec 19: public and nonprofit finance
Lec 20: finding your purpose in finance(moral purpose)(a book called Richistan, by Robert Frank)