Capitalism: Success, Crisis and Reform (PLSC 270)
Guest speaker Will Goetzmann, Director of the Yale International Center for Finance and professor at the Yale School of Management, provides a brief history of debt and financial crises. Professor Goetzmann begins with a discussion on debt slavery in the ancient world, and moves on to real estate financing in New York City. Professor Goetzmann also presents recent research by himself and others on the collapse of the real estate market. He explores the notion that the collapse of the mortgage market followed from the fallout of the larger financial crisis, rather than the other way around. Data on the real estate market is presented and discussed. Larger claims about responsibility of different players for the economic crisis are briefly assessed.
00:00 - Chapter 1. Financial History, with Will Goetzmann
24:20 - Chapter 2. Current Financial Crisis
26:56 - Chapter 3. Price Growth vs. Subprime Approvals
35:12 - Chapter 4. Estimating the Relationship between Past Growth and Future Growth in Mortgage Prices
40:27 - Chapter 5. 2006 Mortgage Regressions
45:44 - Chapter 6. Evidence for Three Demand Effects and Loan Level Likelihood of Approval
Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses
This course was recorded in Fall 2009.
Tagged under: Goetzmann,mortgage,crisis,bond,debt,collapse,skyscraper,endogeneity,market,finance
Clip makes it super easy to turn any public video into a formative assessment activity in your classroom.
Add multiple choice quizzes, questions and browse hundreds of approved, video lesson ideas for Clip
Make YouTube one of your teaching aids - Works perfectly with lesson micro-teaching plans
1. Students enter a simple code
2. You play the video
3. The students comment
4. You review and reflect
* Whiteboard required for teacher-paced activities
With four apps, each designed around existing classroom activities, Spiral gives you the power to do formative assessment with anything you teach.
Carry out a quickfire formative assessment to see what the whole class is thinking
Create interactive presentations to spark creativity in class
Student teams can create and share collaborative presentations from linked devices
Turn any public video into a live chat with questions and quizzes