Financial economics, also known as finance, is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing, commonly known as "Investments", and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.It thus provides the theoretical underpinning for much of finance. The subject is concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory. Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. (Wikipedia).
2. Utilities, Endowments, and Equilibrium
Financial Theory (ECON 251) This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradoxical conclusions. Typically, equilibrium is defined as the solution to a system of simultaneous equations. The most important economic mode
From playlist Financial Theory with John Geanakoplos
What is economics? Yes, of course it has to do with money. But beyond the concepts that we might immediately think of, like taxes, gross domestic product, and the stock market, which belong to macroeconomics, we must also understand microeconomics. Deconstructing the personal decisions we
From playlist Economics
Financial Theory (ECON 251) Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and all
From playlist Financial Theory with John Geanakoplos
16. The Evolution and Perfection of Monetary Policy
Financial Markets (ECON 252) Central Banks, originally created as bankers' banks, implement monetary policy using their leverage over the supply of money and credit standards. Since the Bank of England was founded in 1694, through the gold standard which lasted until the 1930s, and into
From playlist Financial Markets (2008) with Robert Shiller
7. Behavioral Finance: The Role of Psychology
Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phen
From playlist Financial Markets (2008) with Robert Shiller
Financial Markets (ECON 252) The stock market is the information center for the corporate sector. It represents individuals' ownership in publicly-held corporations. Although corporations have a variety of stakeholders, the shareholders of a for-profit corporation are central since the
From playlist Financial Markets (2008) with Robert Shiller
12. Real Estate Finance and its Vulnerability to Crisis
Financial Markets (ECON 252) Real Estate is the biggest asset class and of great importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the public has changing ideas of real estate as a prof
From playlist Financial Markets (2008) with Robert Shiller
13. Banking: Successes and Failures
Financial Markets (ECON 252) Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient i
From playlist Financial Markets (2008) with Robert Shiller
In this video I answer a question I received from a viewer. They want to know about mathematics for quantitative finance. They are specifically concerned with math for real analysis and probability. Do you have any advice or opinions? If so, please leave a comment. Quantative Finance Bo
From playlist Inspiration and Advice
Basak Kus: Financialization, Credit, and Income Inequality
Basak Kus is an Assistant Professor of Sociology at Wesleyan University. She is here at Yale as a Visiting Faculty Fellow in the Council on Middle East Studies at the MacMillan Center. Her research areas of interest include inequality, finance and society, regulatory politics, and economic
From playlist The MacMillan Report
25. Learning from and Responding to Financial Crisis I (Lawrence Summers)
Financial Markets (ECON 252) Professor Summers, former U. S. Treasury Secretary and former President of Harvard University, in this the first of two lectures in honor of former Yale Professor and Council of Economic Advisors chairman Arthur Okun, offers thoughts on the role of monetary
From playlist Financial Markets (2008) with Robert Shiller
NLP in Finance: Realities, Challenges, and Possibilities
Presented by: Oana Frunza – VP of AI research, Machine Learning Research Department at Morgan Stanley In this talk I will go over a selection of high-level financial applications where NLP solutions facilitate increased efficiencies and generate competitive advantages. Then, I will go int
From playlist NLP Summit 2021
How financial literacy impacts youth prostitution, AIDS, and women’s survival | Big Think
How financial literacy impacts youth prostitution, AIDS, and women’s survival New videos DAILY: https://bigth.ink Join Big Think Edge for exclusive video lessons from top thinkers and doers: https://bigth.ink/Edge ----------------------------------------------------------------------------
From playlist Best Videos | Big Think
Robert Shiller: Fixing the U.S. Financial System
Professor Shiller has written numerous articles and books about financial markets, behavioral economics, macroeconomics, real estate, statistical methods, and public attitudes, opinions and moral judgments regarding markets. He is the former vice president of the American Economic Associat
From playlist The MacMillan Report
Modern finance and Macroeconomics: connecting various threads by Srinivas Raghavendra
Modern Finance and Macroeconomics: A Multidisciplinary Approach URL: http://www.icts.res.in/program/memf2015 DESCRIPTION: The financial meltdown of 2008 in the US stock markets and the subsequent protracted recession in the Western economies have accentuated the need to understand the dy
From playlist Modern Finance and Macroeconomics: A Multidisciplinary Approach
Public lecture 1 - Jean-Philippe Bouchaud “Crises économiques et financières : un point de vue...
Public lecture 1 - Jean-Philippe Bouchaud “Crises économiques et financières : un point de vue de physicien” « The Economic Crisis is a Crisis for Economic Theory » a récemment écrit Alan Kirman. La théorie en question affirme que les agents sont rationnels et les marchés sont « efficien
From playlist T1-2015 : Disordered systems, random spatial processes and some applications
How Governments Can Support Economic Growth
Now that we have discussed several types of economies that vary in the degree of government involvement, it's time to get a closer look at a government's role in economic growth. It is possible for governments to both promote and hinder economic growth, so let's start by looking at six way
From playlist Economics
Rakesh Mohan is one of India's senior-most economic policymakers and an expert on central banking, monetary policy, infrastructure and urban affairs. He is a former Deputy Governor of the Reserve Bank of India. As Deputy Governor he was in charge of monetary policy, financial markets, econ
From playlist The MacMillan Report
Discussion - Abrupt transitions and systemic risk by Amit Bhaduri and Srinivas Raghavendra
Modern Finance and Macroeconomics: A Multidisciplinary Approach URL: http://www.icts.res.in/program/memf2015 DESCRIPTION: The financial meltdown of 2008 in the US stock markets and the subsequent protracted recession in the Western economies have accentuated the need to understand the dy
From playlist Modern Finance and Macroeconomics: A Multidisciplinary Approach