An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the functioning of securities, insurance, and banking industries.
Introduction and What this Course Will Do for You and Your Purposes
Risk and Financial Crises
Technology and Invention in Finance
Portfolio Diversification and Supporting Financial Institutions
Insurance, the Archetypal Risk Management Institution: Its Opportunities and Vulnerabilities
Guest Speaker: David Swensen
Efficient Markets
Theory of Debt, Its Proper Role, Leverage Cycles
Corporate Stocks
Real Estate
Behavioral Finance and the Role of Psychology
Misbehavior, Crises, Regulation and Self Regulation
Banks
Guest Speaker Maurice "Hank" Greenberg
Forward and Futures Markets
Guest Speaker Laura Cha
Options Markets
Monetary Policy
Investment Banks
Professional Money Managers and Their Influence
Exchanges, Brokers, Dealers, Clearinghouses
Public and Non-Profit Finance
Finding Your Purpose in a World of Financial Capitalism