This document provides an overview of the course "Financial Markets Economics 252" taught by Robert Shiller. The course seeks to understand the role of risk management in the economy and society. It covers major topics like insurance, securities, banks, social insurance, and how financial innovations have helped manage increasingly complex risks over time. The course materials include textbooks on foundations of financial markets, stocks for the long run, and trends in the new financial order, as well as lecture topics on efficient markets, behavioral finance, debt/equity markets, banking, derivatives, and stock market booms and crashes.
Plot shows US government debt yields against time to maturity. November 2000 was just before the market got an inkling that the Fed would cut rates, as they did in January 2001, so the term structure was exceptionally inverted
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