Designated teaching materials:
1 General Theory of Financial Markets and Institutions (difficult, long)
2 Long-term stock investment (more popular)
3 Irrational Exuberance (Schiller's own book)
key words: behavioral economics, subprime mortgage crisis, technology
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Development economics is the study of how the economies of developing countries can get better
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Opening story in living high and letting die:
A $3 donation to UNICEF can save a child's life, so why don't you just leave your books and get a $100 donation now.
You didn't do that and you are responsible for the deaths of these 33 children.
The rich class of society is not responsible to the poor class and has no debt.
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The annual rate of return for the management of the Yale Foundation is 16.7%. In 2006, the foundation had 22 billion US dollars, and each student had an average of 2 million US dollars.
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Financial theory and financial tools are also constantly improving.
The development of computers has enabled the realization of difficult financial theories and tools.
Financial innovation has also begun to have patent protection.
Insurance emerged shortly after the birth of probability theory in the 16th century.
The real interest rate on deposits is in fact sometimes negative.
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Because of human nature, regulators are needed, and it is these regulators that ensure the stable operation of finance
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This class has talked about the course content of this semester for a long time, and it is just an introduction.
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