Economic Concept (ECON 251)
This lecture offers a quick background of the young area of economic concept, which started in company colleges rather different from business economics, and of my expanding passion in the area and in Wall surface Road. A keystone of conventional economic concept is the effective markets theory, however that has actually been rejected by the economic dilemma of 2007-09. This lecture defines the type of concerns conventional economic concept however responds to well. It additionally presents the take advantage of cycle as a review of conventional economic concept and as a description of the dilemma. The lecture finishes with a course experiment showing a circumstance in which the effective markets theory functions remarkably well.
00:00 – Phase 1. Program Intro
10:16 – Phase 2. Security in the Requirement Concept
17:54 – Phase 3. Utilize in Real Estate Costs
33:47 – Phase 4. Instances of Money
46:13 – Phase 5. Why Research Money?
50:13 – Phase 6. Logistics
58:22 – Phase 7. A Experiment of the Financial Market
Full training course products are readily available at the Yale Online web site: online.yale.edu
This training course was tape-recorded in Autumn 2009.
