耶鲁大学金融市场课件Lecture_1_-_Finance_and_Insurance_as_Powerful_Forces_in_Our_Economy_and_So..docx

Financial Markets: Lecture 1 TranscriptJanuary 14, 2008?- d/ B??l/ V, R6 @# p9 @% d+ r; G??|; aProfessor Robert Shiller: This is Economics 252, Financial Markets, and Im Bob Shiller. Let me begin by introducing the teaching fellows for this course; and so I have them up here. We have five teaching fellows at this time and theyre from all over. I like to put their pictures up so youll know who they are. The teaching fellows are very international and that reflects my intention to make this a course that is also very international because finance is something about the whole world today, not just the United States. So we cover the world very well with our T.A.s.?Usman Ali is from Pakistan, Lahore, and he graduated from the LUMS, Lahore University of Management Sciences. Hes a PhD candidate now in Economics and hes doing his doctoral dissertation on stock analysts recommendations and the relation to returns in the stock market. Hes also interested in behavioral finance, which is the application of psychology to finance. The second teaching assistant--I see him right there, if you could raise your hand--Santosh Anagol, who is a representative of the United States, although he seems to have connections to India as well. He actually has a publication already in the American Economic Review on the Return to Capital with Ghana. He did this jointly with the Chairman of the Economics Department here, Chris Udry and he has spent time in India looking at the village economies. You were going to be giving away cows, did you do that?Student: No, Im still working on cows but were not giving them away. A3 ~: M% I8 CProfessor Robert Shiller: Okay, thats the last time youll hear about cows in this course. The idea was to give cows away to village farmers and to observe the outcome. Its a big change in some of these very poor villages to get a cow.?4 V3 h3 }. a9 u8 V L5 c% l$ H0 l! O4 ~+ T) NChristian Awuku-Budu is from Ghana, Accra, but he, again, went to college in the United States