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Rated 2 out of 5 by robo0530 from Too old to be relavent It is now 2023 and makes references to financial markets in 2011. I quit watching after 1 1/2 lectures. Things like finances do change a lot in 12 years. However the instructor was good. This course should either be updated and made current or pulled from the catalog.

Date published: 2023-03-16

Rated 5 out of 5 by Gwick from Excellent & Needed After two of Prof. Fullenkamp’s courses I write to recommend them to anyone not fully familiar with the financial world. Probably not for professionals, but for the rest, it takes a potentially dry subject and makes it interesting, even fun and I’ve found it immediately useful. It is set at least a decade ago, so the one suggestion I have is to try and do an update course from the Professor (I see he is still at Duke). Well done.

Date published: 2023-01-27

Rated 5 out of 5 by Bruzzi from Financial Literacy I bought this course some time back, it has helped me immensely, I ordered and sent courses to both of my grandsons and granddaughter. I think that should be considered an endorsement.

Date published: 2023-01-03

Rated 5 out of 5 by Taly from Perfect for Beginners I love this course! It is so easy to follow, the language is simple and straight forward, and each lesson builds off the previous. As a 24 year old who has never taken out a loan, financed a car, or invested financially, this was the perfect course to have a basic understanding of the financial market without all the bells and whistles. You don't need any previous knowledge in order to understand this course, and that's exactly what I was looking for. I am excited to finish this course and continue learning about the financial markets and economy in more depth now!

Date published: 2021-10-25

Rated 5 out of 5 by Flying Fish from Lots of good information in this course. Wonderful introductory course to financial literacy and factors and events that move the financial markets. Lectures are well delivered and informative. Well done, Professor Fullenkamp !

Date published: 2021-09-07

Rated 5 out of 5 by mouseyo22 from For Newbie in the Financial World! This is a course for those who don't know all the functions of money, what a bond or stock or mutual fund is. It's great for a newbie like me and gently expands my knowledge without overloading the course with crazy details. This course is like reading the summaries of every chapter in an Econ 100 class and it'll create a general outline to what you should explore next. The professor has a clear voice, doesn't go on tangents, explains everything well and states his background/biases early in the course. Overall, a great course and a great professor!

Date published: 2021-04-19

Rated 5 out of 5 by Gentle Reader from Good basic background This is a very good background course. This is my second course from this professor and and the 3rd investing geared course I've completed. All were very good. There were a few negative reviews so let me clarify what this course is not: -> This course does not teach complex methods of valuation, advanced option strategies, currency arbitrage etc.<- I've not found a great courses series with that as a topic. All the courses are along the lines of: Here is how the system works. This is what the fancy lingo means and why. And, if you want to participate successfully, ignore all the hype and next big things and follow some simple rules. Someone looking for glitz and glamor will not appreciate this or the other finance courses. Unfortunately, those participants are probably not receptive to the advice: " 'ware the bubble". This is a good course to watch one episode at a time after work over a cup of tea.

Date published: 2021-03-06

Rated 3 out of 5 by yugijedi from Wrong information Lecture 2, 00:27 I'm only at the beginning of the 2nd lecture, so I cannot rate the whole course and I give 3 stars. But why does the professor say that the "total debt outstanding in the US" was about 50 trillion in 2011? The FRED itself reports only about 15 trillion, which makes much more sense.

Date published: 2020-12-28

Overview

With record-breaking highs one minute and economy-rocking lows the next-not to mention arcane rules and ambiguous terminology-it can seem as if there's no way to feel truly comfortable in the financial markets. But there is, and it's more accessible than you might think. Financial Literacy: Finding Your Way in the Financial Markets is an essential primer on this domain, from its functions, strengths, and possibilities to its weaknesses and vulnerabilities. In 24 eye-opening lectures, award-winning Professor Connel Fullenkamp of Duke University reveals the interconnected workings of the financial markets and how society's financial strength-and your own-depend on money continuing to move through these channels. You'll come to understand just how interdependent the world's markets have become; feel newly at ease in the realm of stocks, bonds, derivatives, and credit; and be better able to make informed decisions for your financial future.

About

Connel Fullenkamp

I love that the The Great Courses gives me a chance I wouldn't otherwise have to teach people who love to learn. I really enjoy the challenge of putting together courses that are engaging and useful!

ALMA MATER

Harvard University

INSTITUTION

Duke University

Professor Connel Fullenkamp is Professor of the Practice and Director of Undergraduate Studies in the Department of Economics at Duke University. He teaches financial economics courses, such as corporate finance, as well as core courses, such as economic principles. In addition to teaching, he serves as a consultant for the Duke Center for International Development. Prior to joining the Duke faculty in 1999, Professor Fullenkamp was a faculty member in the Department of Finance within the Mendoza College of Business at the University of Notre Dame. Originally from Sioux Falls, South Dakota, Professor Fullenkamp earned his undergraduate degree in Economics from Michigan State University. In addition to receiving the Harry S. Truman Scholarship, he was named one of the university's Alumni Distinguished Scholars. He earned his master's and doctorate degrees in Economics from Harvard University, where he was also awarded a National Science Foundation Graduate Research Fellowship. Professor Fullenkamp's areas of interest include financial market development and regulation, economic policy, and immigrant remittances. His work has appeared in a number of prestigious academic journals, including the Review of Economic Dynamics, The Cato Journal, and the Journal of Banking and Finance. He also does consulting work for the IMF Institute at the International Monetary Fund, training government officials around the world. He is a member of the IMF Institute's finance team, whose purpose is to train central bankers and other officials in financial market regulation, focusing on derivatives and other new financial instruments. In recognition of his teaching excellence, Professor Fullenkamp has received Duke University's Alumni Distinguished Undergraduate Teaching Award as well as the University of Notre Dame's Mendoza College of Business Outstanding Teacher Award. Along with Sunil Sharma, Professor Fullenkamp won the third annual ICFR-Financial Times Research Prize for their paper on international financial regulation.

By This Professor

Financial Literacy: Finding Your Way in the Financial Markets

Crashes and Crises: Lessons from a History of Financial Disasters

Trailer

01: Feeling at Home in the Financial Markets

Sometimes it's hard to see how the financial markets are connected to the "real" economy. What do financial markets actually do for us? Start to get a handle on how the financial markets operate through an exploration of the societal functions that financial assets perform and the way they're linked to real assets through contracts.

30 min

02: Where the Money Goes

How much are the financial markets worth? Where does the money come from and where does it go? Learn how the stock market's value compares with other measures of the economy like America's national debt and GDP. Next, follow how money flows through the market to understand how trillions of dollars of assets are distributed between businesses, governments, and households.

29 min

03: Financial Markets Run on Information

There's one resource in the financial markets that's even scarcer than money or time: information. Discover the worst problems of asymmetric information and the way lenders build remedies to mitigate risk into the process of writing and trading financial contracts. Also, see how this information gap can work to your advantage.

30 min

04: Giving Credit Where Credit Is Due

How can a credit card company preapprove you? How is your credit score calculated? Why do you have to endure a long and drawn-out process to apply for a mortgage? Get answers to these and other questions by taking a close look at the inner workings of credit analysis.

29 min

05: The Fine Print

Take some of the fear out of loan contracts by delving into the basic structure of car loans and credit card statements and learning how lenders calculate your monthly charge. Spend time looking at each part of the promissory note, from covenants to enforcement clauses to the security agreement.

29 min

06: What Is Special about Banks?

Why does your bank offer free checking? How do banks make money? Discover the advantages banks have in lending to understand why they play such a dominant role in the markets. Learn how banks evolved from goldsmiths' vaults, how our payment system operates on a clearing house model, and more.

28 min

07: Billion-Dollar IOUs-Using Bonds to Borrow

When companies need to borrow enormous sums of money over long periods, they can't turn to banks, so they issue bonds. Learn what's involved in issuing these IOUs, the limitations of credit rating agencies that rate bonds, and why the bond market is an increasingly important part of financial markets around the world.

30 min

08: The Double Identity of Stocks

Paying dividends isn't required for stocks. So how do companies issuing stocks repay lenders? And how can stockholders, who pool their resources to share ownership, hold companies to their promise to increase the value of shares? Examine the structure of corporations that issue stock and the potential benefits, rights, and drawbacks inherent with investing in these instruments.

29 min

09: The Sell Job

Before companies can get their stocks into the market in an initial public offering, they must register their securities with the Securities and Exchange Commission, which conducts a stringent review. Learn about this process and the system that the financial markets use to sell public and privately held stocks, bonds, and other securities.

31 min

10: The Mysterious Money Market

The money market is virtually invisible to most people, yet it forms the financial lifeblood of governments, large banks, and corporations. Differentiate between the money market and the capital market, learn why so many lenders exist, and look closely at three of the most important money market instruments-Treasury bills, commercial paper, and repurchase agreements.

30 min

11: Think Globally, Lend ... Globally

How do U.S. dollars leave the country? How can companies borrow internationally without having to leave their home country? As you investigate the Eurodollar market and why companies, governments, and individuals choose to borrow and lend globally, see how foreign currencies and exchange rates complicate the process of international investing.

30 min

12: Trading Securities

Does the thought of stock trading conjure images of a crowded exchange floor with people yelling "buy!" "sell!" and gesturing wildly? See how technology has changed most securities exchanges around the world (and this popular image) as you learn about the basics of securities trading and how it provides liquidity to the secondary market.

30 min

13: Returns and Prices in the Secondary Market

What does it mean when the news reports that the Dow was back above 13,000 or that the 10-year Treasury bond price closed at 92½? Now that you understand how financial instruments are used and the basics of the secondary market, learn how prices are quoted and returns are calculated.

30 min

14: The Truth about Pricing

Investors and traders have opinions about what is the right price for the asset they're trading. But how do they arrive at their values? Compare theories, practical methods, and models that guide market players when pricing assets, including the fundamentals-based approach, the economics-based theory, and the method of comparables, where "like" prices "like."

29 min

15: A Tale of Two Funds

Examine differences between two of the most important types of money management companies or "designated traders"-mutual funds and hedge funds-and contrast the trading strategies they pursue. Learn why index funds are a good investment option, and about the trading technique called a "short sale." Then consider whether hedge funds have the power to trigger a financial crisis.

28 min

16: The Market for Corporate Control

Move on to a market where entire companies are bought and sold, fortunes are made and lost, and yet-frequently-no money changes hands. As you delve into what economists call the market for corporate control, learn what it means to buy and sell corporate control and how mergers, acquisitions, hostile takeovers, and stock swaps operate.

30 min

17: What Companies Tell the Markets

From "material information" to CEO compensation packages, which details are publicly held companies required to disclose? Break down what information can be found in the annual and current reports companies file with the SEC, paying particular attention to the importance of the numbers provided on financial balance sheets and income statements.

29 min

18: What Moves the Markets

People who can predict market shifts by paying attention to economic indicators have the potential to earn huge profits by buying or selling before everyone else does. But which indicators and price statistics are the most important to follow if you want to understand what's happening in the financial markets?

29 min

19: When Central Banks Talk, Markets Listen

Since the 1950s, central banks such as the U.S. Federal Reserve have become one of the most powerful forces in the financial markets and the global economy. Why are central banks so powerful-and so secretive? How and why do they affect market interest rates so much? Peer inside central banks to find out.

30 min

20: Interest Rates as Indicators

Move on to a deeper discussion of how interest rates are connected to each other with a look at benchmark rates such as government bond rates and the controversial LIBOR. Learn how these rates reveal information about the state of the economy, then focus on one of the most important but least understood diagrams in all of finance-the yield curve.

29 min

21: Risk Management and Insurance

Even with all the financial tools at our disposal, we can't completely protect ourselves from risk. Learn about the different types of risks that investors and companies encounter on a daily basis, and the main ways that individuals and companies manage those risks-including the use of financial products such as insurance.

28 min

22: Mortgages and Securitization

What happens to your mortgage after you buy a home? Solve this mystery as you investigate the mortgage market and why the securitization process-in the housing market and elsewhere-is attractive for both borrowers and lenders. Learn why mortgage-backed securities exist and how Fannie Mae and Freddie Mac operate.

31 min

23: The Whys and Hows of Financial Regulation

Who is in charge of monitoring the financial markets? How are the rules of the "game" enforced? Consider the fundamental reasons that financial institutions require regulation, and learn some of the conflicts that arise between entities charged with this task. Then, see how a cycle of regulation and deregulation began in the 1930s and continued through the financial crisis of 2008 and beyond.

31 min

24: The Future of Finance

Big trends are changing the way that financial systems function. Learn what they are, and the opportunities they offer, like peer-to-peer lending. And see why, thanks to these trends, each of us needs to take on much more responsibility for our financial well-being than previous generations did.

32 min