Great courses

36 lectures of 30 min. each

"Business & economics ; subtopic: business"--Container

Unabridged

Michael K. Salemi, professor, University of North Carolina at Chapel Hill

Compact discs

Importance of money -- Money as a social contract -- How is money created? -- Monetary history of the United States -- Local currencies and nonstandard banks -- How inflation erodes the value of money -- Hyperinflation is the repudiation of money -- Saving-the source of funds -- Real rate of interest -- Financial intermediaries -- Commercial banks -- Central banks -- Present value -- Probability, expected value, and uncertainty -- Risk and risk aversion -- An introduction to bond markets -- Bond prices and yields -- How economic forces affect interest rates -- Why interest rates move together -- Term structure of interest rates -- Introduction to the stock market -- Stock price fundamentals -- Stock market bubbles and irrational exuberance -- Derivative securities -- Asymmetric information -- Regulation of financial firms -- Subprime mortgage crissi and reregulation -- Interest rate policy at the Fed and ECB -- Objectives of monetary policy -- Should Central Banks follow a policy rule? -- Extraordinary tools for extraordinary times -- Central bank independence -- Foreign exchange value of the dollar -- Exchange rates and international banking -- Monetary policy coordination -- Challenges for the future