Ranked #1
01 - Why Finance?
01 - Why Finance?
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separat... Read more
25 Mar 2011
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1hr 14mins
Ranked #2
19 - History of the Mortgage Market: A Personal Narrative
19 - History of the Mortgage Market: A Personal Narrative
I explain how, as a mathematical economist, I became interested in the practical world of mortgage securities, and how I... Read more
28 Mar 2011
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1hr 19mins
Ranked #3
18 - Modeling Mortgage Prepayments and Valuing Mortgages
18 - Modeling Mortgage Prepayments and Valuing Mortgages
A mortgage involves making a promise, backing it with collateral, and defining a way to dissolve the promise at prearran... Read more
28 Mar 2011
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1hr 12mins
Ranked #4
11 - Social Security
11 - Social Security
This lecture continues the analysis of Social Security started at the end of the last class. We describe the creation of... Read more
25 Mar 2011
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1hr 12mins
Ranked #5
02 - Utilities, Endowments, and Equilibrium
02 - Utilities, Endowments, and Equilibrium
This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradox... Read more
25 Mar 2011
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1hr 12mins
Ranked #6
08 - How a Long-Lived Institution Figures an Annual Budget. Yield
08 - How a Long-Lived Institution Figures an Annual Budget. Yield
In the 1990s, Yale discovered that it was faced with a deferred maintenance problem: the university hadn't properly plan... Read more
25 Mar 2011
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1hr 16mins
Ranked #7
07 - Shakespeare's Merchant of Venice, Collateral. Present Value and the Vocabulary of Finance
07 - Shakespeare's Merchant of Venice, Collateral. Present Value and the Vocabulary of Finance
While economists didn't have a good theory of interest until Irving Fisher came along, and didn't understand the role of... Read more
25 Mar 2011
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1hr 18mins
Ranked #8
05 - Present Value Prices and the Real Rate of Interest
05 - Present Value Prices and the Real Rate of Interest
Philosophers and theologians have railed against interest for thousands of years. But that is because they didn't unders... Read more
25 Mar 2011
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1hr 14mins
Ranked #9
04 - Efficiency, Assets, and Time
04 - Efficiency, Assets, and Time
Over time, economists' justifications for why free markets are a good thing have changed. In the first few classes, we s... Read more
25 Mar 2011
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1hr 11mins
Ranked #10
06 - Irving Fisher's Impatience Theory of Interest
06 - Irving Fisher's Impatience Theory of Interest
Building on the general equilibrium setup solved in the last week, this lecture looks in depth at the relationships betw... Read more
25 Mar 2011
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1hr 10mins