Financial Markets Course with Yale Sage Robert Shiller

In March 2000, Yale econ­o­mist Robert Shiller pub­lished Irra­tional Exu­ber­ance, a book that warned that the long-run­ning bull mar­ket was a bub­ble. Weeks lat­er, the mar­ket cracked and Shiller was the new guru. Fast for­ward a few years, and Shiller released a sec­ond edi­tion of the same book, this time argu­ing that the hous­ing mar­ket was the lat­est and great­est bub­ble. We all know how that pre­dic­tion played out.

Unlike most of the finan­cial indus­try, Shiller isn’t locked into a peren­ni­al­ly bull­ish view, bent on pump­ing the mar­ket despite what the real num­bers sug­gest. And that should give stu­dents, whether young or old, some con­fi­dence in his free course sim­ply called “Finan­cial Mar­kets.” Avail­able on the web in mul­ti­ple for­mats (YouTube – iTunes Audio – iTunes Video — Yale Web Site), the 26 lec­ture-course cov­ers the inner-work­ings of finan­cial insti­tu­tions that ide­al­ly “sup­port peo­ple in their pro­duc­tive ven­tures” and help them man­age eco­nom­ic risks. You can start with Lec­ture 1 here. Above, we present his intro­duc­to­ry lec­ture on Stocks.

Final­ly (and sep­a­rate­ly) you can get Shiller’s thoughts on how to han­dle Amer­i­ca’s big debt mess here. It was record­ed in recent days.

Shiller’s course appears in the Eco­nom­ics sec­tion of our big col­lec­tion of Free Online Cours­es. 385 cours­es in total. Don’t miss them.

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Open Culture was founded by Dan Colman.