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)