This course attempts to explain the role and the importance of the financial system in the global economy. Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium. The course also gives a picture of the kind of thinking and analysis done by hedge funds.
32 hours of lecture videos
- Bodie, Zvi, and Robert C. Merton. Finance, Upper Saddle River, New Jersey: Prentice Hall, 2000.
- Chance, Don M. An Introduction to Derivatives, 3rd edition, Fort Worth, Texas: The Dryden Press, Harcourt Brace College Publishers, 1995.
- DeGroot, Morris H. Probability and Statistics, Reading, Massachusetts: Addison-Wesley Publishing Co., 1975.
- Elton, Edwin J. and Martin J. Gruber. Modern Portfolio Theory and Investment Analysis, 5th edition, New York: John Wiley & Sons, Inc., 1995.
- Fabozzi, Frank. Handbook of Mortgage Backed Securities, 6th edition, New York: McGraw-Hill, 2001.
- Fabozzi, Frank J. Handbook of Fixed Income Securities, 6th edition, New York: McGraw-Hill, 2000.
- Hull, John C. Options, Futures, and Other Derivatives, 5th edition, Upper Saddle River, New Jersey: Prentice Hall, 2002.
- Jarrow, Robert and Stuart Turnbull. Derivative Securities, 2nd edition, Cincinatti, Ohio: South-Western College Publishing, 2000.
- Luenberger, David G. Investment Science, New York: Oxford University Press, 1998.
- Malkiel, Burton. A Random Walk Down Wall Street, New York: W.W. Norton, 1999.
- Pliska, Stanley R. Introduction to Mathematical Finance. Discrete Time Models, Malden, Massachusetts: Blackwell Publishers, 1997.
- Ross, Stephen, Randolph Westerfield, and Jeffrey Jaffe. Corporate Finance, New York: Irwin, McGraw Hill, 1999.
- Sharpe, William F., Gordon J. Alexander, and Jeffery V. Bailey. Investments, 6th edition, Upper Saddle River, NJ: Prentice Hall, 1999.
- Swensen, David F. Pioneering Portfolio Management. An Unconventional Approach to Institutional Investment, New York: The Free Press, 2000.
- Taggart, Jr, Robert A. Quantitative Analysis for Investment Management, Upper Saddle River, New Jersey: Prentice Hall, 1996.
- Tobin, James with Stephen Golub. Money, Credit, and Capital, Boston: Irwin-McGraw Hill, 1998.
John Geanakoplos is James Tobin Professor of Economics at Yale University. He received his Ph.D. in Economics from Harvard University in 1980. He has been Director of the Cowles Foundation for Research in Economics, co-Director of Hellenic Studies Program at Yale, chairman of the science steering committee at the Santa Fe Institute and Managing Director of Fixed Income Research at Kidder, Peabody & Co. Prizes he received include the Samuelson Prize (1999), and the Bodossaki Prize in economics (1994). He is a member of the American Academy of Arts and Sciences (since 1999) and was visiting professor at MSRI in the UC Berkeley, Churchill College, Cambridge, the University of Pennsylvania, Harvard, Stanford, and MIT. He was one of the founding partners of Ellington Capital Management, where he remains a partner. One of his current research topics is the leverage cycle.
ECON 25: Financial Theory by Professor John Geanakoplos is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Based on a work at Open Yale Courses.