Week

Dates

Topic

Reading

1

Sept 14

Overview

How the Economists Got It Wrong, By James Galbraith, The American Prospect, November 30, 2002

How Did Economists Get It So Wrong?  By Paul Krugman, The New York Times Magazine, September 2, 2009

Video: Bill Moyers interview with James Galbraith, October 24, 2008

Video: Principles of Economics, Translated, by Yoram Bauman

2

Sept 21

Business cycles

Cycles, Trends and Financial Crisis: Understanding the Impacts of Monetary Policies

3

Sept 28

Discount rates

The Nature of Discounting

4

Oct 5

Monetary policies

 

5

Oct 19

Financial crisis

 

6

 Oct 26

 

 

7

Nov 2

Regulations

Regulations in Organisms and Organizations

8

Nov 9

 

 

9

Nov 16

Asset and liability management

 Fundamental Indexation, by Robert D. Arnott, Jason Hsu, and Philip Moore, Financial Analysts Journal, Volume 61 Number 2, 2005

10

Nov 23

 

 Demographics and Capital Market Returns, Arnott, R. and Casscells, A.  Financial Analysts Journal, 59, Issue 2, p. 20-29. 2003

11

Nov 30

Review

 

 

TBA

Final Exam

 

 

General Reading:

 

  1. Fischer Black and the Revolutionary Idea of Finance by Perry Mehrling, 2005
  2. Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse by Thomas E. Woods Jr., 2009
  3. The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too by James Galbraith, 2009
  4. The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb,  2007
  5. The Physical Foundation of Economics: An Analytical Thermodynamic Theory by Jing Chen, 2005. Some reviews of my works can be found here.