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Behavioural Finance 2010

• Lec­ture 01: Eco­nom­ic Behav­iour
  • Pow­er­point
  • MP3
• Lec­ture 02: Mar­ket Behav­iour
  • Part 1 Demand: Pow­er­point
  • Part 1 Demand: MP3
  • Part 2 Sup­ply: Pow­er­point
  • Part 2 Sup­ply: MP3
• Lec­ture 03: The­o­ret­i­cal Finan­cial Mar­kets Behav­iour
  • Part 1: Pow­er­point
  • Part 1: MP3
  • Part 2: Pow­er­point
  • Part 2: MP3
  • Part 3: MP3
• Lec­ture 04: Actu­al Finan­cial Mar­kets Behav­iour
  • Part 1: Pow­er­point
  • Part 1: MP3
  • Part 2: Pow­er­point
  • Part 2: MP3
• Lec­ture 05: Frac­tal Mar­kets Hypoth­e­sis
  • Part 1: Pow­er­point
  • Part 1: MP3
  • Part 2: MP3
• Lec­ture 06: Inef­fi­cient Mar­kets Hypoth­e­sis
  • Pow­er­point
• Lec­ture 07: Sta­tis­tics on mon­ey
  • Part 1: Pow­er­point
  • Part 2: Pow­er­point
• Lec­ture 08: Endoge­nous mon­ey
  • Part 1: Pow­er­point
  • Part 2: Pow­er­point
• Lec­ture 09: Mod­el­ling endoge­nous mon­ey
  • Part 1: Pow­er­point
  • Part 2: Pow­er­point
• Lec­ture 10: Extend­ing endoge­nous mon­ey
  • Part 1: Pow­er­point
  • Part 2: Pow­er­point
• Lec­ture 11: The Finan­cial Insta­bil­i­ty Hypoth­e­sis
  • Part 1: Pow­er­point
  • Part 1: Flash Video
  • Part 2: Pow­er­point
  • Part 2: Flash Video
• Lec­ture 12: The “Glob­al Finan­cial Cri­sis”
  • Part 1: Pow­er­point
  • Part 2: Pow­er­point
  • Part 2: Flash Video

Behav­iour­al Finance 2009

1. Recon­sid­er­ing Con­sumer Behav­iour (PDF)
2. Recon­sid­er­ing Pro­duc­er Behav­iour (PDF)
3. Recon­sid­er­ing Behav­iour in Finance (PDF)
4. How the Data Killed CAPM (PDF)
5. The Frac­tal Mar­kets Hypoth­e­sis (PDF)
6. The Inef­fi­cient Mar­kets Hypoth­e­sis (PDF)
7. Exper­i­ments in Eco­nom­ic & Finan­cial Behav­iour (to be post­ed lat­er)
8. The sta­tis­tics on mon­ey and impli­ca­tions for finance and eco­nom­ics (PDF)
9. The endoge­nous mon­ey per­spec­tive (PDF)
10. Mod­el­ling Endoge­nous Mon­ey I (PDF)
11. Mod­el­ling Endoge­nous Mon­ey II (PDF)

History of Economic Thought

• Introduction/Antiquity (Very large file [9MB] because of large images!)
• Antiq­ui­ty to Physiocrats/Smith
• Clas­si­cal to Marx
• Marx to Rob­bins
• Rob­bins to Keynes
• Keynes to Mon­e­tarism
• Mon­e­tarism to the Cam­bridge Con­tro­ver­sies
• More on Marx
• More on Keynes
• Finance
• Method­ol­o­gy
• Debates: Nature of mon­ey and cap­i­tal
• Debates: Eco­nom­ic Dynam­ics

Political Economy: Critiques 

• Demand
• Sup­ply
• Gen­er­al Equi­lib­ri­um

Political Economy: Evolutionary Economics

• Evo­lu­tion­ary the­o­ry in gen­er­al (Large file [3MB] because of large images!)
• Ear­ly evo­lu­tion­ary econ­o­mists (Veblen & Schum­peter)
• Com­plex­i­ty and Self-organ­i­sa­tion
• Pow­er laws and evo­lu­tion­ary mod­el­ling

Financial Economics

• Sta­tis­tics on endoge­nous mon­ey
• Debates in endoge­nous mon­ey: Basil Moore & Sheila Dow
• The cir­cuitist school
• Dynam­ic mod­el of the Mon­e­tary Cir­cuit
• Fish­er and Debt Defla­tion
• Min­sky: Mod­el­ling Debt Defla­tion
• Mod­el­ling Debt Defla­tion

Managerial Economics

• Con­ven­tion­al the­o­ry of the firm & a taste of real­i­ty
• Lec­ture 02: Blind­er’s empir­i­cal research into the actu­al behav­ior of firms
• Sup­ple­ment to Lec­ture 02: An expla­na­tion of my research on why the neo­clas­si­cal the­o­ry of the firm is illog­i­cal
• Lec­ture 03: Alter­na­tive the­o­ries of price includ­ing Gal­braith, Post Key­ne­sians, Sraf­fi­ans & Schum­peter
• Lec­ture 04: Schum­peter’s mod­el of entre­pre­neur­ial prof­its
• Lec­ture 05: Game theory–warts and all
• Lec­ture 06: Ormerod’s Schum­peter­ian mod­el of com­pe­ti­tion
  • Ormerod’s paper
• Lec­ture 07: Stan­dard Macro­eco­nom­ics
• Lec­ture 08: Data on US busi­ness cycle & Schum­peter’s the­o­ry of cycles
• Lec­ture 09: Min­sky’s the­o­ry of finan­cial cycles
  • Vis­sim view­er pro­gram for run­ning mod­els (install to run mod­els below)
    • Basic Good­win mod­el (no finance)
    • Finance mod­el (sta­ble ini­tial con­di­tions)
    • Finance mod­el (unsta­ble ini­tial con­di­tions)
    • Mixed Econ­o­my mod­el
• Lec­ture 10: The Cap­i­tal Assets Pric­ing Mod­el: The­o­ret­i­cal and Empir­i­cal Fail­ure
• Lec­ture 11: New Approach­es to Finance: Behav­iour­al Finance, Econo­physics and oth­ers
• Lec­ture 12: Stan­dard Trade The­o­ry, Warts and All…
• Lec­ture 13: Porter’s Com­pet­i­tive Advan­tage + Sub­ject Wrap-up

Honours Lectures

Political Economy

• Demand
• Sup­ply
• Equi­lib­ri­um
• Evo­lu­tion
• Ear­ly Evo­lu­tion­ary Econ­o­mists (Veblen & Schum­peter)
• Evo­lu­tion­ary mod­el­ling, dynam­ics & sta­t­ics
• Pow­er laws and econo­physics

More Political Economy

• The neces­si­ty of non­lin­ear­i­ty
• How to be non­lin­ear
• Econo­physics
• Cri­tique of the­o­ry of the firm

Advanced Finance

• Phi­los­o­phy of non­lin­ear finance: Marx, Keynes, Fish­er, Schum­peter & Min­sky
• The fun­da­men­tals of dynam­ics: dif­fer­en­tial equa­tions
• High­er order lin­ear and first order non­lin­ear ODEs
• Sys­tems of ODEs and intro­duc­ton to chaos/complexity
• Mod­el­ling the Finan­cial Insta­bil­i­ty Hypoth­e­sis (part 1)
• Mod­el­ling the Finan­cial Insta­bil­i­ty Hypoth­e­sis (part 2)
• An intro­duc­tion to Econo­physics

Advanced Macro

• Lec­ture 1: The sor­ry his­to­ry of macro­eco­nom­ics: from Say to Phillips via Keynes and Marx
• Lec­ture 2: Sor­ry his­to­ry con­tin­ued: from Mon­e­tarism to Ratio­nal Expec­ta­tions via mur­der­ing Phillips

Models

• Link to Vis­sim ver­sion 3.0 (I use Vis­sim for my dynam­ic sim­u­la­tions in teach­ing, and Math­cad for my math­e­mat­i­cal mod­el­ling). Vis­sim 3.0 is an ear­li­er ver­sion of the cur­rent release, pro­vid­ed to uni­ver­si­ty lec­tur­ers who use Vis­sim in their teach­ing and freely dis­trib­utable to stu­dents. Those inter­est­ed in com­mer­cial use of the cur­rent ver­sion (4.5 as of 2004) should go to the Vis­sim home page. You can also down­load a free view­er to check out files that use fea­tures in the new­er ver­sion.
  • Lorenz vis­sim mod­el (the clas­sic “but­ter­fly of chaos”)
  • Good­win vis­sim mod­el
  • Min­sky pri­vate sec­tor mod­el (sta­ble ini­tial con­di­tions)
  • Min­sky pri­vate sec­tor mod­el (unsta­ble ini­tial con­di­tions)
  • Min­sky mixed econ­o­my mod­el (sta­ble regard­less of ini­tial con­di­tions)
  • Min­sky mixed econ­o­my mod­el (with com­pound blocks)
  • Gen­er­alised expo­nen­tial func­tion