An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Emphasis on financially-savvy leadership skills. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The ultimate goal of this course is using such industries effectively and towards a better society.
Welcome to the course! In this opening module, you will learn the basics of financial markets, insurance, and CAPM (Capital Asset Pricing Model). This module serves as the foundation of this course.
What's included
23 videos1 reading5 assignments
Show info about module content
23 videos•Total 184 minutes
Welcome video•2 minutes
Financial Markets Introduction•9 minutes
Your Teaching Assistant, Arun!•1 minute
Good and Evil•4 minutes
VaR and Stress Tests•9 minutes
S&P 500•13 minutes
Joe McNay Story•2 minutes
Distribution and Outliers•10 minutes
Chalk Talk - Covariance•11 minutes
Insurance Fundamentals•11 minutes
Insurance Milestones•7 minutes
Insurance is a Local Phenomenon•6 minutes
Health Insurance•6 minutes
Disasters•9 minutes
Eggs in One Basket•7 minutes
Salon - Risk•13 minutes
CAPM•11 minutes
Chalk Talk: Beta•8 minutes
Chalk Talk: CAPM and Diversification•8 minutes
Short Sales•7 minutes
Calculating the Optimal Portfolio•10 minutes
Efficient Portfolio Frontier•11 minutes
Chalk Talk - Gordon Growth Model•10 minutes
1 reading•Total 10 minutes
Disclaimer regarding Discussion Boards•10 minutes
5 assignments•Total 150 minutes
Lesson #1 Quiz•30 minutes
Lesson #2 Quiz•30 minutes
Lession #3 Quiz•30 minutes
Lesson #4 Quiz•30 minutes
Module 1 Honors Quiz•30 minutes
Module 2
Module 2•4 hours to complete
Module details
In this next module, dive into some details of behavioral finance, forecasting, pricing, debt, and inflation.
What's included
17 videos4 assignments
Show info about module content
17 videos•Total 139 minutes
Invention Takes Time•7 minutes
Salon - Innovation•5 minutes
Limited Liability•7 minutes
Inflation Indexed Debt•5 minutes
Unidad de Fomento•5 minutes
Real Estate: Risk Management Devices•5 minutes
Forecasting•15 minutes
Intuition of Efficiency•13 minutes
Price as PDV•5 minutes
Doubting Efficiency•6 minutes
Introduction to Behavioral Finance•6 minutes
Prospect Theory•18 minutes
Chalk Talk - More on Prospect Theory•6 minutes
Logical Fallacies•9 minutes
The Brain•12 minutes
Magical Thinking•9 minutes
Personality Disorders•5 minutes
4 assignments•Total 120 minutes
Lesson #5 Quiz•30 minutes
Lesson #6 Quiz•30 minutes
Lesson #7 Quiz•30 minutes
Module 2 Honors Quiz•30 minutes
Module 3
Module 3•4 hours to complete
Module details
Stocks, bonds, dividends, shares, market caps; what are these? Who needs them? Why? Module 3 explores these concepts, along with corporation basics and some basic financial markets history.
What's included
18 videos3 assignments
Show info about module content
18 videos•Total 137 minutes
1982 Savings Account•4 minutes
Federal Funds and Interest Rates•11 minutes
Compound Interest•3 minutes
Discount Bonds•11 minutes
Consol and Annuity•9 minutes
Forward Rates and Expectation Theory•5 minutes
Inflation•4 minutes
Leverage•11 minutes
Market Capitalization by Country•7 minutes
The Corporation•8 minutes
Shares and Dividends•12 minutes
Common vs. Preferred•3 minutes
Corporate Charter•9 minutes
Corporations Raise Money•9 minutes
Dilution•6 minutes
Share Repurchase•7 minutes
PDV of Expected Dividends•11 minutes
Why do firms pay dividends?•8 minutes
3 assignments•Total 90 minutes
Lesson #8 Quiz•30 minutes
Lesson #9 Quiz•30 minutes
Module 3 Honors Quiz•30 minutes
Module 4
Module 4•7 hours to complete
Module details
Take a look into the recent past, exploring recessions, bubbles, the mortgage crisis, and regulation.
What's included
22 videos4 assignments
Show info about module content
22 videos•Total 189 minutes
Salon - Recessions•8 minutes
History of Mortgage Lending•4 minutes
Commercial Real Estate Vehicles•12 minutes
Mortgages, part 1•9 minutes
Mortgages, part 2•10 minutes
PMI, CMOs, CDOs•6 minutes
Post Crisis Regulation•8 minutes
Chalk Talks - Excess Reserves•10 minutes
The Bubble, part 1•7 minutes
The Bubble, part 2•6 minutes
The Bubble, part 3•11 minutes
Salon - Bubbles•14 minutes
Regulation Overview•7 minutes
Salon - Regulation and housing•11 minutes
Within Firm Regulation, part 1•5 minutes
Within Firm Regulation, part 2•8 minutes
Trade Groups•4 minutes
Local Regulation•4 minutes
National Regulation, part 1•13 minutes
National Regulation, part 2•15 minutes
National Regulation, part 3•12 minutes
International Regulation•7 minutes
4 assignments•Total 210 minutes
Lesson #10 Quiz•30 minutes
Lesson #11 Quiz•30 minutes
Financialization of Housing•120 minutes
Module 4 Honors Quiz•30 minutes
Module 5
Module 5•4 hours to complete
Module details
Options and bond markets are explored in module 5, important components of financial markets.
What's included
16 videos3 assignments
Show info about module content
16 videos•Total 125 minutes
Salon - Student Loans•4 minutes
Forwards and Futures Introduction•8 minutes
Forward Contracts•8 minutes
Futures Contracts•4 minutes
Rice Futures•14 minutes
Wheat Futures•8 minutes
Buying, Selling, and Settlement•10 minutes
Fair Value in Futures Contracts•4 minutes
Oil Futures•15 minutes
SPI & FFR Futures•5 minutes
Options Overview•5 minutes
Reading Options Pricing•7 minutes
Why Options exist•9 minutes
Ubiquity of Options•6 minutes
Put / Call parity•9 minutes
Using Options to Hedge•8 minutes
3 assignments•Total 90 minutes
Lesson #12 Quiz•30 minutes
Lesson #13 Quiz•30 minutes
Module 5 Honors Quiz•30 minutes
Module 6
Module 6•4 hours to complete
Module details
In module 6, Professor Shiller introduces investment banking, underwriting processes, brokers, dealers, exchanges, and new innovations in financial markets.
What's included
19 videos4 assignments
Show info about module content
19 videos•Total 141 minutes
Investment Banks Introduction•6 minutes
The Underwriting Process•11 minutes
IPOs•7 minutes
Goldman Sachs and John Whitehead•5 minutes
Ratings Agencies•5 minutes
Glass Steagall•5 minutes
Net Worth of the US•8 minutes
The Prudent Person•5 minutes
Salon - Advisors•10 minutes
Mutual Funds and ETFs•10 minutes
Brokers and Dealers•8 minutes
Exchanges•6 minutes
Limit Order Book•4 minutes
High Frequency Trading•6 minutes
Payment for Order Flow•7 minutes
Government Debt•12 minutes
Government involvement in Corporations•6 minutes
Municipal Finance•9 minutes
Government Social Insurance•11 minutes
4 assignments•Total 120 minutes
Lesson #14 Quiz•30 minutes
Lesson #15 Quiz•30 minutes
Lesson #16 Quiz•30 minutes
Module 6 Honors Quiz•30 minutes
MODULE 7
Module 7•5 hours to complete
Module details
Professor Shiller's final module includes lectures about nonprofits and corporations, and your career in finance.
What's included
15 videos3 assignments
Show info about module content
15 videos•Total 194 minutes
Nonprofits•11 minutes
Cooperatives•8 minutes
Alternative Forms•6 minutes
Salon - Public vs. Private•5 minutes
Critics of Modern Finance•6 minutes
Democratization of Finance•9 minutes
Salon - Democratization of Finance•8 minutes
Finance and War•8 minutes
Finance and Population Growth•2 minutes
The Importance of Financial Theory•4 minutes
Wealth and Poverty•7 minutes
Your Career and Finance•9 minutes
Interview with Roger Ferguson•26 minutes
Interview with Lei Zhang•17 minutes
Guest Georgia Keohane•66 minutes
3 assignments•Total 90 minutes
Lesson #17 Quiz•30 minutes
Lesson #18 Quiz•30 minutes
Final Exam•30 minutes
Instructor
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Learner reviews
4.8
32,179 reviews
5 stars
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4 stars
11.70%
3 stars
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B
BK
5·
Reviewed on Oct 25, 2021
This course is so useful to know about finance in depth it gives more examples about the finance . It help to make more decision in finance market. It also motivate students to attract towards finance
N
NK
5·
Reviewed on Apr 22, 2020
Great course for people to understand the nature of the financial market and how understanding the concepts will benefit yourselves to understand how finance play a big role in every aspect of life.
C
CP
4·
Reviewed on Jul 15, 2020
Almost a perfect course, with a lot of amazing information. The only bad thing is the class materials are to static and fuelled with info but it will completely change what you know about finantials.
Why should I take this course again? I already took Financial Markets from Professor Shiller before!
Professor Shiller has made some pretty amazing updates to his course; not only do you see updated lectures from 2016-2017, he also has additional videos which include student salons, chalk talks, interviews, and TA timeouts. Join us in the course, watch the introductory module, and learn more about these great additions to increase your knowledge of financial markets!
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.