1. Introduction and What this Course Will Do for You and Your Purposes
Financial Markets (2011) (ECON 252)Professor Shiller provides a description of the course, including its general theme, the relevant textbooks, as well as th...
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…
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