Posted on 2018-11-02, by everest555.
The Economics of Uncertainty - The Great Courses
.M4V| Duration : 12H 27 Min | Video: h264, 640x360 | Audio: AAC, 44 KHz, 2 ch | 11.1 GB
Genre: eLearning | Language: English + PDF Guide
Genre: eLearning Video / Economics, Finance, Lectures, Business
In one of the most dramatic displays of economic uncertainty in our times, a wave of toxic loans almost brought down the American financial system in 2008-2009, and with it jobs and savings. Few experts forecast this catastrophe, which stands as a lesson in the power of economic forces to defy our predictions. This event may have been exceptional, but every day we are all at the mercy of economic uncertainty in matters such as these:
Stock market: Although the stock market has a long-term upward trend, short-term volatility can wipe out a large fraction of an investor's wealth in a single day.
Careers: No job is safe from the constant assault of domestic competition, offshoring, innovation, downsizing, government regulation, and other factors.
Insurance: The types of insurance products have skyrocketed to the point that you could easily spend all of your earnings to cover possible disasters.
Retirement: Is your retirement secure if you live to be 100? What if you suffer a debilitating chronic disease? How will your nest egg fare if inflation soars?
Uncertainty also plagues us in smaller ways. For example, everyone is familiar with rising prices, but the Internet now makes it possible for online shoppers to be charged more based on their buying history, adding a new level of unpredictability to pricing. And anytime you hire someone for a service-from roofing to dentistry-you face the principal-agent problem, in which the person hired may take unethical advantage of your lack of expertise.
Indeed, these large and small risks are so pervasive that it is all too easy to conclude that nothing can be done. But economic uncertainty is like the weather: you can't stop storms from happening, but understanding how and why they happen allows you to be prepared. In the same way, economic uncertainty is beyond our control, but we're in a much better position to respond if we know what's happening and why.
In 24 practical and empowering half-hour lectures, The Economics of Uncertainty takes the mystery and dread out of uncertainty, giving you the tools to deal with risk in every phase of your life. Your guide is Professor Connel Fullenkamp, an acclaimed economist and award-winning teacher at Duke University, where he is Professor of the Practice and Director of Undergraduate Studies in Duke's nationally ranked Economics Department.
Deepen Your Knowledge of Economics
Gearing his presentation to novices as well as those with a background in micro- and macro-economics, Professor Fullenkamp shows that the study of uncertainty sheds light on a wide range of phenomena, including:
inflation and deflation
family financial planning
The course also introduces fundamental ideas in probability, statistics, and game theory that give deep insight into the world of risk and require only high-school level mathematics. In addition, the critical thinking skills you acquire in The Economics of Uncertainty have broad applications beyond economics. For example, the decision tree approach to problem solving, presented in Lecture 7, can come to the rescue whenever you need to find the optimum path to any goal, whether it is selecting your next vacation destination or choosing the best college options for your child.
Enjoy the Expertise of a Personal Advisor
Governments and large financial institutions rely on teams of experts to steer them through the perilous waters of uncertainty. In The Economics of Uncertainty, Professor Fullenkamp serves as your personal advisor, explaining in detail how uncertainty works and providing valuable tips such as these:
Think critically: Knowing the two types of probability-frequency-based and subjective-helps you judge the claims of people who appeal to probability to convince you to take a particular action.
Weigh risk vs. benefit: When you have to choose between risky alternatives, start from the least risky choice and decide how much extra risk you can tolerate for a given amount of increased benefit.
Mix it up: Since you can't negotiate prices when shopping online, be unpredictable. Don't always take the first price you're offered. Put some items in your shopping cart and then log off without buying them.
Cultivate your career: Companies thrive by having a comparative advantage over their competitors. Do the same in your job by identifying what you do better than most people. Then cultivate that strength.
Learn How to Survive and Thrive
The trick to surviving and thriving in an uncertain economy is to know the sources of risk and how much of a threat they pose. It also helps to have a guide as experienced, eloquent, and engaging as Professor Fullenkamp, who, in his consulting work, has designed and led training courses for bankers and government officials for the International Monetary Fund in Washington, D.C. With The Economics of Uncertainty, it is your turn to experience his fascinating seminars, covering topics such as these:
Black swans: Popularized by best-selling author and risk analyst Nassim Taleb, a black swan is a rare, baffling event with great impact. Professor Fullenkamp analyzes the 2008 financial crisis in light of this intriguing theory.
Asymmetric information: Often one party in a transaction has a monopoly on information-for example, in a used car sale. Discover how this problem affects every sector of the economy through adverse selection and moral hazard.
Compensation: Getting a job done well is often a matter of how the payment is made and what performance incentives are offered. Evaluate the risks and rewards of several approaches to compensation contracts.
Gambling: Even if you've never bought a lottery ticket or set foot in a casino, you gamble every day. Learn how to address economic decisions with a seasoned gambler's knack for separating good bets from bad.
One of the most important lessons about uncertainty is that it's built into the world. At times, the economy may seem like it's careening out of control, but we are simply living through the fluctuating uncertainties that have always been with us. There's no reason to despair, since uncertainty is a phenomenon that can be understood and managed. "Knowledge is power," says an old proverb. After taking this invaluable course, you'll have the essential background to manage your economic life toward a more secure future.
01. Man, Nature, and Economic Uncertainty
02. Turning Uncertainty into Risk
03. Five Ways to Face the Unknown
04. Probability: Frequency or Belief?
05. How We Misjudge Likelihood and Risk
06. The Reward in Risk
07. Decision Science Tools
08. Gambling Economics
09. Game Theory: Reveal or Conceal?
10. Adverse Selection: Hiding in Plain Sight
11. Moral Hazard: Whom Do You Trust?
12. The Principal-Agent Problem: When Mice Play
13. Compensation Traps
14. Caring, Sharing, and Risk Bearing
15. Mayhem! Insurance Protection
16. Uncertainty in the Numbers
17. The Business Cycle's Wheel of Fortune
18. The Danger of Inflation
19. Extreme Markets
20. Regulation, Innovation, Excess
21. Global Trade in Employment
22. No Limits to Growth
23. Hedging Business and Personal Risks
24. Stress Testing Your Finances
BuY Premium Account From My Link and Download With Full speed
- Ebooks list page : 37605
- 2011-11-04The Skeptic s Guide to the Great Books [The Great Courses]
- 2011-10-03China, India, and the United States: The Future of Economic Supremacy" [The Great Courses]
- 2011-09-28The Myths of Nutrition and Fitness [The Great Courses]
- 2011-12-30Great Figures of the Old Testament : Parts 1 & 2, Includes 12 Audio CD's and 2 Course Guidebooks (The Great Courses : Religion) - Removed
- 2012-05-17Afghanistan: A Military History From Alexander The Great To The Fall Of The Taliban
- 2012-03-12David Darom - The Great Collections: Modern Custom Knives
- 2012-01-13Psychology of Human Behavior (Part 1, 2, 3) (THE GREAT COURSES, SOCIAL SCIENCES)(Audiobooks) - NORTH CAROLINA STATE UNIVERSITY PROFESSOR DAVID W. MARTIN - Removed
- 2011-12-30Great Ancient Civilizations of Asia Minor (The Great Courses) - Removed
- 2011-12-02Elements of Jazz: From Cakewalks to Fusion (The Great Courses, Fine Arts & Music) - Removed
- 2011-12-02Famous Greeks CD - The Teaching Company (The Great Courses) - Removed
- 2011-12-02The Age of Henry VIII (The Great Courses) - Removed
- 2011-12-02Francis of Assisi CD Lecture - The Teaching Company (The Great Courses) - Removed
- 2011-12-02Augustine: Philosopher and Saint (The Great Courses) - Removed
- 2011-12-02The Teaching Company: Ancient Near Eastern Mythology 12 Audio Cds with Course Outline Booklet (The Great Courses) - Removed
- 2011-12-02Alexander the Great and the Hellenistic Age (The Great Courses) - Removed
- 2011-12-02Americas in the Revolutionary Era (The Great Courses) - Removed
- 2011-12-01Business Law-Negligence and Torts (Great Courses)
- 2011-11-17Herodotus: The Father of History (The Great Courses) - Removed
- 2011-08-31Psychology of Human Behavior (Part 1, 2, 3) (THE GREAT COURSES, SOCIAL SCIENCES)(Audiobooks) - Removed
- Download links and password may be in the description section, read description carefully!
- Do a search to find mirrors if no download links or dead links.