Financial Markets (Yale): Week 1

first week's lectures:
http://academicearth.org/lectures/finance-and-insurance
http://academicearth.org/lectures/risk-management

will try to locate the reading material within the week. unlike the history class this class involves some math and problem sets. I think it would be fun to try and attempt to do them as a group when the time comes?

http://oyc.yale.edu/economics/financial-markets/content/syllabus

try to watch lecture 1 on or before monday
lecture 2 on or before weds

that's gonna be the basic schedule

don't let words like 'calculus' or 'problem sets' intimidate you. even if some stuff is over your head, most of the lecture material won't be. (dunno about the textbook, haven't seen it yet.)

http://www.salient-news.com/wp-content/uploads/2011/08/stock-market-down.jpg

thread concept after mention of problem sets

http://i53.tinypic.com/2nvzg52.gif

Financial Markers: I miss you (Yale/Youtube)

is the sister course on 'financial theory' available online too?

yes it is
http://oyc.yale.edu/economics/financial-theory/

Phew, at least Shiller thinks his course is interesting, that's a good start :-)

Financial Markers: I miss you (Yale/Youtube)

― StanM

lol

This course is based on the 3rd edition of the Fabozzi book, but the 4th edition came out in 2009, a year after the course was filmed. Look for a second hand copy, I guess?

"Regressian" OMG!

Guys, don't tell me I'm the only one watching these lectures - ???

I haven't started yet

Lecture 2 is a bit more technical than expected (just a list of probability and other formulas, in short) but he apologizes in advance.

haha I haven't even started yet but I planned to tonight. that's 3.

OK I'm gonna try to do this, but I'm hoping someone can score the text and post it somewhere.

The complete transcripts (and the midterms, and the final exam plus answers) are in the downloadable zip file, but the books aren't, of course.

alright done w/ the first class

I majored in econ + took a very similar class in 2008 (tho it was in a foreign language...) so a lot of this is refresher but I still think I'll be learning stuff along the way, esp if I actually read the textbook

lol @ all the talk about yale finance students

I went to the wall street protest w/ a yale grad tonight, incidentally

starting lecture 1 now

dang first 45 mins are

administrative

lol @ all the talk about yale finance students

one of the kind of weirdly alientating aspects of the harvard intro to comp sci is the frequent references to the fact that ~this is harvard~ and ~you will all be important people~ because ~this is harvard~

no one really pays attention to those parts, except of course for the kids who go on to be insanely successful

weirdly alientating aspects

obviously i did not go to harvard

thread concept after mention of problem sets

I will not be doing any problem sets.

Didn't know this would start over the weekend, will bring ipod tomorrow and grab the lecture at work!

one good thing about watching these is that you realize that ivy league college courses are pretty much exactly the same as city college courses

except for the first class where they do the "look to your neighbor, look to your other neighbor - one of you will be president" thing

2nd lecture time

2nd lecture is better than 1st

this is gonna scare off a lot of people, isn't it?

he misspelled 'regression'

I wouldn't let the math scare anyone off, and if you're not a math person I would skip much of the 2nd part of this lecture, maybe? though I think there are some concepts that are important. I imagine a lot of the math for this is done in detail w/ a TA.

I've gotta catch up.

i decided to take intro to compsci instead :D

i got through the first yesterday and maybe 10 mins of the second. hopefully can wrap up this weekend. i like him, he's a pretty good lecturer.

it's mathy but it's not as complicated as it seems - he tosses up a bunch of Greek letters and assumes you know what they mean, but if you actually look into their definition, it's (usually) simple. if anyone wants to go over it we can.

gah I need to catch up on this

are you really willing to lower your standards for a 2nd tier university course?

ha

i decided to take intro to compsci instead :D

― Ravaging Rick Rude (a hoy hoy), Thursday, October 6, 2011 9:42 AM (4 hours ago) Bookmark

wooo

who is teaching intro to compsci?

I want to take compact but 3 of these at once seems unrealistic. I have free time but not thattt much free time.

one good thing about watching these is that you realize that ivy league college courses are pretty much exactly the same as city college courses

― iatee

at the end of the day, how good can sitting and listening to someone talk about finance for an hour be, no matter how good their credentials?

err 'compsci' rip Steve Jobs your ghost will live forever in our ilx typos

compsci is being taught by Malan... I don't think I know him

man has that class changed since I took it (it was all Pascal, for one thing!)

/one good thing about watching these is that you realize that ivy league college courses are pretty much exactly the same as city college courses

― iatee/

at the end of the day, how good can sitting and listening to someone talk about finance for an hour be, no matter how good their credentials?
--funk master friendly (moonship journey to baja)

i dunno i like econ so 'pretty good'?

(it was all Pascal, for one thing!)

― the tax avocado (DJP), Thursday, October 6, 2011 2:17 PM (4 minutes ago) Bookmark

ha!

somewhere in my dad's photo albums is a picture of me at age 8 on a old ass Texas Instruments computer in my grandpa's basement with a pascal book and a BASIC book

ok good, sure, but how about "educational"?

i have a feeling that the learning in classes like this happens in the problem sets.

right i mean

are people not doing those?

i'm doing them

nah IMO the problem sets are just testing your applied math skills, don't (always) need the math to understand 'the big picture', tho you do need to be able to follow a graph

hoos can you link them? I couldnt even find em last night.

i don't think my math skills are strong enough to do them :(

5. Suppose that as a Yale graduate you can expect to earn $150,000 per year on average from your job after taxes starting next year, and extending until you retire in 50 years.

srs

I should bring this p-set to occupy wall street

hahaha

i see that problem #3 is 10th grade level

i see that problem #3 is 10th grade level

posting to ilx, otoh

so is #4

if you know zero factorial is equal to 1 , so are #1 and #2

hope you have a scientific calculator handy

get ready to PLUG and CHUG

he is a little too impressed w/ himself

I'm getting more 'aloof'

I'm 3/4 way through the first lecture.

How far back am I?

not far, lecture 3 is for next Monday

Okay I loaded up the ipod with first 4 in case I forget again next week! Will have a very educational weekend.

each one (so far) is better than the last. i found the first one a big chore.

will we really need one thread per week? or is it better to keep it all in one.

#1 was pretty familiar stuff to me. I did Econ O-level back in 1977, on the face of it not much is different, just the way it's done is 'nothing like it now'...

So, shall indeed continue.

anyone watch lecture 3 yet? "why do people hate finance workers? idgi" seems sorta quaint in 2011. also in 2008 tho.

that bit in the first lecture where he talks about the questionable morality of being a financial markets profiteer was interesting in how ambivalent he was--"you'll have to sort of...decide for yourself."

I mean, realistically, like 75% of the the people in that classs want to go into finance

so I mean maybe OWS signs woulda been kinda dickish

but the extent that he defends the financial industry in lecture 3 is kinda amazing, curious how he's giving this lecture today, ya know?

nah def

OKAY have ipod, have headphones, am listening to lect 1 and will catch up.

lecture 2 will be kinda confusing w/o the chalkboard

but it will be kinda confusing w/ the chalkboard, I'd just zone out for those parts unless you want to go over the math

Oh I have video too, just not much going on r now.

Done lecture 2.

Onto three?

Okay I'm on the last leg of Lesson 3 and...I don't like this class. It's boring and SLOW and then when it's not SLOW, it's about MATH. Fucking A, this guy is the WORST speaker, I put the lecture on headphones for my entire commute and I feel like I only learned...2 or 3 things?? Over AN HOUR. We could have done moral hazard and risk management in 12 minutes.

I don't begrudge the time, exactly, but I am very very bored.

I dunno, if this is as complex as it gets, I'm so getting a degree at some point.

ilx downtime ruined the schedule of these things. what are people on? I'm on week 4. for both classes.

I just finished finance lecture 3 and started 4 and then turned it off. I know we were supposed to discuss things and have questions but by the time I get home at night and to a computer, the lecture was 10 hours ago.

Well, I got to the end of 3 lectures and own 2 books, dammit.

"The real financial technology that works to eliminate risk is that which works to spread them out, to pool them & share them among many different people. The ideal that theory suggests--the perfect financial system--would have all of our risks pooled completely. Nobody suffers alone. If anything happens to me and my livelihood, it's spread out over the whole world."

huh.

That's the theory.

The audio is so damn low, I've got everything turned up all the way and I have a hard time hearing.

lol I still haven't started in on this yet

it's likely going to have to wait until I am done with immediate gigs, so like 2 weeks

catching up can be done pretty quickly

laurel, lecture 4 is another one that would be nonsense without the visuals

I would ignore the early math and just try to understand the graph used in the lecture

"The real financial technology that works to eliminate risk is that which works to spread them out, to pool them & share them among many different people. The ideal that theory suggests--the perfect financial system--would have all of our risks pooled completely. Nobody suffers alone. If anything happens to me and my livelihood, it's spread out over the whole world."

huh.

― BIG HOOS aka the steendriver, Monday, October 24, 2011 10:54 AM Bookmark

Yeah, I remember this line was real mind lightning for me

howzit?

lol I never started this

I'm willing to keep it up if there is interest

I mostly got sidetracked from going to OWS every night

so anyone else want to keep this one up?

I'm on week 5

after j17 i might be back in

I'm on week 5 now!

OK, slow. But I got a new phone with better sound and screen.

I highly recommend listening to the one with guest-lecturer Carl Icahn just so you can hear him talking about how the execs of most companies are idiot frat boys who didn't rock the boat.

Think that's 7. Soon come.

i'm doing the yale one now.

standford also doing something similar this semester http://venturelab.stanford.edu/finance. sounds like fewer lectures but more substantial problems.

I worked through loads of these, but managed to lose most of the lectures I downloaded.