Financial Markets (Yale ECON 252, 2011, Robert Shiller)

This is a course about how the financial system works, not how to beat it. Robert Shiller's 2011 Yale lectures treat finance as a set of institutions for sharing risk, then test them against what went wrong: there are lectures on financial crises, leverage cycles, banks, monetary policy, and misbehavior and regulation. Recorded a few years after the 2008 crash, it is the clearest route here into the debates over bank rules and bailouts that return with every market scare. A lecture on efficient markets sits beside one on behavioral finance, so you hear both sides of a live argument inside the field. Some algebra and calculus are expected, and a few lectures on stocks and options can be skimmed.