This 4-minute video provides the understanding that a marginal tax rate does not apply to all of income. [Core Finance playlist: Lesson 180 of 184]
This 4-minute video lesson introduces the mechanics of the carry trade. [Core Finance playlist: Lesson 181 of 184]
This 4-minute video lesson provides a review of the difference uses of the words contango, backwardation, contango theory and theory of normal backwardation. [Core Finance playlist: Lesson 100 of 184]
This 3-minute video lesson looks at the difference between historical cost and fair value accounting. [Core Finance playlist: Lesson 119 of 184]
This 4-mintue video lesson look the lower bound on forward settlement price. [Core Finance playlist: Lesson 102 of 184]
This 3-minute video lesson looks at how an exchange can benefit from trading futures and how it can use margin to mitigate its risk. [Core Finance playlist: Lesson 90 of 184]
This 4-minute video lesson looks at the upper bound on forward settlement price. [Core Finance playlist: Lesson 101 of 184]
This course introduces the core theory of modern financial economics and financial management, with a focus on capital markets and investments. Topics include functions of capital markets and financial intermediaries, asset valuation, fixed-income securities, common stocks, capital budgeting, diversification and portfolio selection, equilibrium pricing of risky assets, the theory of efficient markets, and an introduction to derivatives and options.
This 12-minute video lesson looks at alternate bailout plans and considers their moral hazard. [Financial Bailout playlist: Lesson 10 of 15]
This 11-minute video lesson is the first in Kahn's Financial Bailout series. It provides a review of balance sheets and explains the difference between illiquidity and insolvency. [Financial Bailout playlist: Lesson 1 of 15]
This 11-minute video lesson looks at a hypothetical bank balance sheet and explains what book value means. [Financial Bailout playlist: Lesson 2 of 15]
This 11-minute video lesson explains what it means when the market value of a stock is different from its book value. [Financial Bailout playlist: Lesson 3 of 15]
This 11-minute video lesson explains the different ways of accounting for an asset. It considers the mark-to-model vs. mark-to-market. [Financial Bailout playlist: Lesson 4 of 15]
This 11-minute video lesson looks at how the bank can liquidate assets to pay off debt that comes due. [Financial Bailout playlist: Lesson 5 of 15]
This 12-minute video lesson looks at how the bank gets bailed out by an equity infusion from a sovereign wealth fund. [Financial Bailout playlist: Lesson 6 of 15]
This 10-mintue video lesson looks at what happens when there is no equity infusion and the bank goes in to bankruptcy. [Financial Bailout playlist: Lesson 7 of 15]
This 12-minute video lesson looks at how the banks are connected and what happens when one bank fails. [Financial Bailout playlist: Lesson 8 of 15]
In this 11-minute video lesson Kahn considers what Paulson wants to do and explains why he does not like it. [Financial Bailout playlist: Lesson 9 of 15]
In this assignment, students think about four events that would affect a country's exchange rate. Without actually drawing a supply and demand diagram, students say what direction, if at all, each curve would shift--and whether the currency would appreciate or depreciate as a result.
Urban governance comprises the various forces, institutions, and movements that guide economic and physical development, the distribution of resources, social interactions, and other aspects of daily life in urban areas. This course examines governance from legal, political, social, and economic perspectives. In addition, we will discuss how these structures constrain collective decision making about particular urban issues (immigration, educationŰ_). Assignments will be nightly readings and a short paper relating an urban issue to the frameworks outlined in the class.