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Financial Markets

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Financial Markets

Instructor: Robert Shiller

2,393,298 already enrolled

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7 modules

Gain insight into a topic and learn the fundamentals.

32,179 reviews

Beginner level

No prior experience required

Flexible schedule

3 weeks at 10 hours a week

Learn at your own pace

97%

Most learners liked this course

7 modules

Gain insight into a topic and learn the fundamentals.

32,179 reviews

Beginner level

No prior experience required

Flexible schedule

3 weeks at 10 hours a week

Learn at your own pace

97%

Most learners liked this course

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

26 assignments¹

AI Graded see disclaimer

Taught in English

91%

of learners achieved a positive career outcome

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There are 7 modules in this course

An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Emphasis on financially-savvy leadership skills. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The ultimate goal of this course is using such industries effectively and towards a better society.

Welcome to the course! In this opening module, you will learn the basics of financial markets, insurance, and CAPM (Capital Asset Pricing Model). This module serves as the foundation of this course.

What's included

23 videos1 reading5 assignments

23 videosTotal 184 minutes

Welcome video2 minutes
Financial Markets Introduction9 minutes
Your Teaching Assistant, Arun!1 minute
Good and Evil4 minutes
VaR and Stress Tests9 minutes
S&P 50013 minutes
Joe McNay Story2 minutes
Distribution and Outliers10 minutes
Chalk Talk - Covariance11 minutes
Insurance Fundamentals11 minutes
Insurance Milestones7 minutes
Insurance is a Local Phenomenon6 minutes
Health Insurance6 minutes
Disasters9 minutes
Eggs in One Basket7 minutes
Salon - Risk13 minutes
CAPM11 minutes
Chalk Talk: Beta8 minutes
Chalk Talk: CAPM and Diversification8 minutes
Short Sales7 minutes
Calculating the Optimal Portfolio10 minutes
Efficient Portfolio Frontier11 minutes
Chalk Talk - Gordon Growth Model10 minutes

1 readingTotal 10 minutes

Disclaimer regarding Discussion Boards10 minutes

5 assignmentsTotal 150 minutes

Lesson #1 Quiz30 minutes
Lesson #2 Quiz30 minutes
Lession #3 Quiz30 minutes
Lesson #4 Quiz30 minutes
Module 1 Honors Quiz30 minutes

In this next module, dive into some details of behavioral finance, forecasting, pricing, debt, and inflation.

What's included

17 videos4 assignments

17 videosTotal 139 minutes

Invention Takes Time7 minutes
Salon - Innovation5 minutes
Limited Liability7 minutes
Inflation Indexed Debt5 minutes
Unidad de Fomento5 minutes
Real Estate: Risk Management Devices5 minutes
Forecasting15 minutes
Intuition of Efficiency13 minutes
Price as PDV5 minutes
Doubting Efficiency6 minutes
Introduction to Behavioral Finance6 minutes
Prospect Theory18 minutes
Chalk Talk - More on Prospect Theory6 minutes
Logical Fallacies9 minutes
The Brain12 minutes
Magical Thinking9 minutes
Personality Disorders5 minutes

4 assignmentsTotal 120 minutes

Lesson #5 Quiz30 minutes
Lesson #6 Quiz30 minutes
Lesson #7 Quiz30 minutes
Module 2 Honors Quiz30 minutes

Stocks, bonds, dividends, shares, market caps; what are these? Who needs them? Why? Module 3 explores these concepts, along with corporation basics and some basic financial markets history.

What's included

18 videos3 assignments

18 videosTotal 137 minutes

1982 Savings Account4 minutes
Federal Funds and Interest Rates11 minutes
Compound Interest3 minutes
Discount Bonds11 minutes
Consol and Annuity9 minutes
Forward Rates and Expectation Theory5 minutes
Inflation4 minutes
Leverage11 minutes
Market Capitalization by Country7 minutes
The Corporation8 minutes
Shares and Dividends12 minutes
Common vs. Preferred3 minutes
Corporate Charter9 minutes
Corporations Raise Money9 minutes
Dilution6 minutes
Share Repurchase7 minutes
PDV of Expected Dividends11 minutes
Why do firms pay dividends?8 minutes

3 assignmentsTotal 90 minutes

Lesson #8 Quiz30 minutes
Lesson #9 Quiz30 minutes
Module 3 Honors Quiz30 minutes

Take a look into the recent past, exploring recessions, bubbles, the mortgage crisis, and regulation.

What's included

22 videos4 assignments

22 videosTotal 189 minutes

Salon - Recessions8 minutes
History of Mortgage Lending4 minutes
Commercial Real Estate Vehicles12 minutes
Mortgages, part 19 minutes
Mortgages, part 210 minutes
PMI, CMOs, CDOs6 minutes
Post Crisis Regulation8 minutes
Chalk Talks - Excess Reserves10 minutes
The Bubble, part 17 minutes
The Bubble, part 26 minutes
The Bubble, part 311 minutes
Salon - Bubbles14 minutes
Regulation Overview7 minutes
Salon - Regulation and housing11 minutes
Within Firm Regulation, part 15 minutes
Within Firm Regulation, part 28 minutes
Trade Groups4 minutes
Local Regulation4 minutes
National Regulation, part 113 minutes
National Regulation, part 215 minutes
National Regulation, part 312 minutes
International Regulation7 minutes

4 assignmentsTotal 210 minutes

Lesson #10 Quiz30 minutes
Lesson #11 Quiz30 minutes
Financialization of Housing120 minutes
Module 4 Honors Quiz30 minutes

Options and bond markets are explored in module 5, important components of financial markets.

What's included

16 videos3 assignments

16 videosTotal 125 minutes

Salon - Student Loans4 minutes
Forwards and Futures Introduction8 minutes
Forward Contracts8 minutes
Futures Contracts4 minutes
Rice Futures14 minutes
Wheat Futures8 minutes
Buying, Selling, and Settlement10 minutes
Fair Value in Futures Contracts4 minutes
Oil Futures15 minutes
SPI & FFR Futures5 minutes
Options Overview5 minutes
Reading Options Pricing7 minutes
Why Options exist9 minutes
Ubiquity of Options6 minutes
Put / Call parity9 minutes
Using Options to Hedge8 minutes

3 assignmentsTotal 90 minutes

Lesson #12 Quiz30 minutes
Lesson #13 Quiz30 minutes
Module 5 Honors Quiz30 minutes

In module 6, Professor Shiller introduces investment banking, underwriting processes, brokers, dealers, exchanges, and new innovations in financial markets.

What's included

19 videos4 assignments

19 videosTotal 141 minutes

Investment Banks Introduction6 minutes
The Underwriting Process11 minutes
IPOs7 minutes
Goldman Sachs and John Whitehead5 minutes
Ratings Agencies5 minutes
Glass Steagall5 minutes
Net Worth of the US8 minutes
The Prudent Person5 minutes
Salon - Advisors10 minutes
Mutual Funds and ETFs10 minutes
Brokers and Dealers8 minutes
Exchanges6 minutes
Limit Order Book4 minutes
High Frequency Trading6 minutes
Payment for Order Flow7 minutes
Government Debt12 minutes
Government involvement in Corporations6 minutes
Municipal Finance9 minutes
Government Social Insurance11 minutes

4 assignmentsTotal 120 minutes

Lesson #14 Quiz30 minutes
Lesson #15 Quiz30 minutes
Lesson #16 Quiz30 minutes
Module 6 Honors Quiz30 minutes

Professor Shiller's final module includes lectures about nonprofits and corporations, and your career in finance.

What's included

15 videos3 assignments

15 videosTotal 194 minutes

Nonprofits11 minutes
Cooperatives8 minutes
Alternative Forms6 minutes
Salon - Public vs. Private5 minutes
Critics of Modern Finance6 minutes
Democratization of Finance9 minutes
Salon - Democratization of Finance8 minutes
Finance and War8 minutes
Finance and Population Growth2 minutes
The Importance of Financial Theory4 minutes
Wealth and Poverty7 minutes
Your Career and Finance9 minutes
Interview with Roger Ferguson26 minutes
Interview with Lei Zhang17 minutes
Guest Georgia Keohane66 minutes

3 assignmentsTotal 90 minutes

Lesson #17 Quiz30 minutes
Lesson #18 Quiz30 minutes
Final Exam30 minutes

Instructor

Instructor ratings

(11,102 ratings)

Robert Shiller

Yale University

9 Courses2,649,604 learners

Offered by

Yale University

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4 stars
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Showing 3 of 32179

Reviewed on Mar 9, 2021

This course is easy to follow and interesting. Professor Shiller is very motivating. It not teaching about finance but more importantly how finance can build a better life for all. Really recommended.

Reviewed on Jun 2, 2020

Through this course, I have learned not only technical financial terms but much deeper meaning of the financial markets which I always wanted to understand. I feel very lucky that I took this course.

Reviewed on Aug 21, 2024

This course is so useful to know about finance in depth it gives more examples about the finance . It help to make more decision in finance market. It also motivate students to attract towards finance

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Frequently asked questions

Professor Shiller has made some pretty amazing updates to his course; not only do you see updated lectures from 2016-2017, he also has additional videos which include student salons, chalk talks, interviews, and TA timeouts. Join us in the course, watch the introductory module, and learn more about these great additions to increase your knowledge of financial markets!

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.