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Episodios
- T1 E1 - The Importance of Money31 de octubre de 202331 minWhat is money? Consider the fundamental nature of money as a social contract and a social institution that coordinates economic activity. Explore the connections between financial institutions and economic well-being, including the importance of "stable value money" to trade and the critical roles of healthy banks, efficient asset markets, and monetary policy.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E2 - Money as a Social Contract31 de octubre de 202330 minMoney developed as a medium of exchange to facilitate trade. Here, learn about five stages in the evolution of money. Beginning with barter, trace the rise of commodities as money, the invention of coins, paper money backed by precious metals, and finally our era's "fiat" money, which has value by agreement alone.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E3 - How Is Money Created?31 de octubre de 202330 minStudy the invention of paper money in the history of goldsmiths issuing paper receipts backed by gold deposits. Then trace the important history of the gold standard, upon which nations pegged the value of currencies, and the reasons the gold standard was abandoned in 1971.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E4 - Monetary History of the United States31 de octubre de 202328 minThe U.S. government's role in financial affairs has been historically controversial. Learn about the two failed attempts in early U.S. history to establish a central bank, followed by the system of "national" banks chartered in the 1860s. Follow key issues surrounding national currency and coinage, leading to the Federal Reserve Act of 1913.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E5 - Local Currencies and Nonstandard Banks31 de octubre de 202330 minFinance is not just the business of the wealthy. Here, study nontraditional models for solving economic problems, from examples of local currencies galvanizing local economies to "microfinance" arrangements such as Bangladesh's Grameen Bank, which create highly successful savings and loan programs for the poor.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E6 - How Inflation Erodes the Value of Money31 de octubre de 202330 minThis lecture investigates the factors governing inflation, beginning with an inflation history of the United States over the last century. Learn about the correlation between inflation and the consumer price index, and how inflation is triggered by excess money growth. Also, review inflation's detrimental effects and costs.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E7 - Hyperinflation Is the Repudiation of Money31 de octubre de 202329 minThe history of hyperinflation offers both a compelling story and a cautionary tale of inflation's damaging effects. Trace the root causes of extreme inflation in governments that finance deficits by printing new money. Then, study key cases of hyperinflation, its "vicious circle" quality, and the inevitable fiscal reform that ends it.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E8 - Saving - The Source of Funds for Investment31 de octubre de 202332 minExplore the meaning of "investment" in economics as increases to a nation's "capital stock" - the equipment, technology, and human resources used in the production process. Then see how investment is made possible by domestic saving and foreign borrowing, and how investment is critically related to economic growth.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E9 - The Real Rate of Interest31 de octubre de 202328 minUnderstanding how interest rates work sheds important light on our economy. Study the difference between the "nominal" or agreed-upon interest rate in a loan transaction and the "real" rate of interest. Learn how the "real" rate factors in the rate of inflation to determine the actual cost/benefit of borrowing and lending.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E10 - Financial Intermediaries31 de octubre de 202332 minFinancial intermediaries or "middlemen" play an important role in modern economies. Investigate how intermediaries such as commercial banks facilitate borrowing and lending, which provide valuable services to each party. Afterward, study the fundamental types of intermediary institutions, including savings banks, mutual funds, money market funds, and insurance companies.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E11 - Commercial Banks31 de octubre de 202330 minIn learning how commercial banks operate, examine the sources from which banks acquire their funds and how they use the funds they acquire, as well as how assets and liabilities function within banks. Finally, study three formal definitions of money, and how banks literally create money in the process of making loans.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E12 - Central Banks31 de octubre de 202329 minInvestigate the role and importance of central banks as they provide banking services to commercial banks, focusing on the U.S. Federal Reserve. See how central banks control an economy's interest rates and create money, and how their ability to increase or decrease the money supply makes them the world's most powerful financial institutions.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E13 - Present Value31 de octubre de 202330 minPresent value is an important formula for computing the current value of payments that will be received or made in the future. Learn how present value is used, in the examples of determining the current value of a savings bond and how much to save per year for future college tuition.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E14 - Probability, Expected Value, and Uncertainty31 de octubre de 202329 minThis lecture explores how financial decisions are made in the face of future uncertainty. Using the examples of both a dice game and a real-world business strategy, study the statistical tool of "expected value" as a method of predicting possible outcomes. See how the probability of expected profits influences business decisions.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E15 - Risk and Risk Aversion31 de octubre de 202329 minEconomists have developed ways of assessing people's willingness to take on risk in financial decision making. With reference to the "St. Petersburg Paradox," a classic problem relating to odds in gambling, observe how individuals tend to value the dollars they might lose more highly than the dollars they might win.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E16 - An Introduction to Bond Markets31 de octubre de 202331 minBond markets play a key economic role by channeling funds from savers to government and private entities that need funding beyond their current revenues. In this lecture, study the various types of bond instruments, including Treasury bills, notes, and bonds. Learn also about important factors underlying the federal deficit and the national debt.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E17 - Bond Prices and Yields31 de octubre de 202330 minIn a deeper look at bonds, investigate how secondary markets for bonds operate and what they offer investors. Study fundamental concepts including the "yield to maturity" of bonds and the "holding period yield" in understanding the link between bond prices and interest rates and how economic events change them.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E18 - How Economic Forces Affect Interest Rates31 de octubre de 202328 minChanges in interest rates have widespread economic effects. Consider interest rates as market prices, set by the current market for credit. Then see how interest rates are determined in the long run by patterns of saving and investment, and in the short run by factors such as government deficits and recessions.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E19 - Why Interest Rates Move Together31 de octubre de 202333 minThe many interest rates in different areas of the economy tend to change together over time. Here, learn about the key factors that govern this, beginning with the ways that interest rates adjust to expected changes in inflation. Observe also how risk in borrowing and lending affects the rate of interest.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E20 - The Term Structure of Interest Rates31 de octubre de 202332 minThe formula known as the "Expectations Hypothesis" allows analysts to forecast future interest rates and conditions in the credit market. Understand the intuition behind the hypothesis, study the formula itself as it tracks yields on Treasury securities, and see how it benefits borrowers considering mortgages and loans.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E21 - Introduction to the Stock Market31 de octubre de 202330 minStock markets provide individuals the chance to share in the ownership and profits of corporations. Investigate the history of stock markets, their basic functions on behalf of investors, and how trades are made. Finally, learn about the various stock indexes that track the markets, and how mutual funds operate.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E22 - Stock Price Fundamentals31 de octubre de 202332 minWhat determines prices in the stock market? Approach this question first through the "market fundamentals" model of stock prices, a formula linking a firm's capital, profits, and dividends to its share price. Contrast this with the "capital asset pricing model," which evaluates the rate of return an investor requires.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E23 - Stock Market Bubbles and Irrational Exuberance31 de octubre de 202328 minThis lecture introduces the fascinating group psychology of stock investing. Study the phenomenon of stock market "bubbles," in which prices are driven up without reference to profitability data. Then, grasp the "bubble" mind-set, which triggers speculative buying and selling based only on what others are paying.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E24 - Derivative Securities31 de octubre de 202332 minDerivative securities play an important role in finance by allowing business decision makers and private investors to lower risk. See how derivative securities are created using underlying products, and study the major types of derivatives and how they function, including stock options, commodities futures, mutual funds, and "collateralized" debt obligations.Periodo de prueba gratis de The Great Courses Living o compra
- T1 E25 - Asymmetric Information31 de octubre de 202329 minAsymmetric information occurs when one party in a financial transaction has more relevant information than another. Learn how this affects financial markets; in particular, the challenges it presents for borrowers and lenders. Also, discover why so few firms issue stocks and bonds, and why banks are so restrictive in regard to loan practices.Periodo de prueba gratis de The Great Courses Living o compra
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- Idiomas de audio
- English
- Subtítulos
- English [CC]
- Productores
- The Great Courses
- Reparto
- Michael K. Salemi
- Estudio
- The Great Courses
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