January 29, 2009
Mortgages
Posted by bparke at 10:32 PM | Comments (0)
January 27, 2009
Bonds
We reviewed the table on page 2 as a way to introduce duration. The calculus on page 2 supplied a formal derivation. The handout was the bond table that used to appear in the Wall Street Journal. We studied the various columns, concluding with a spirited discussion of the relative merits of the 4.000 and 11.250 securities that mature in Februray 2015. Graphing the yield curve using numbers from the handout concluded the chalkboard presentation. The online portion featured bond yields from the WSJ supplemented with graphs and numbers for the money supply, the Fed funds rate, and excess reserves from FRED and the Fed. (Somebody forgot his camera.)
Posted by bparke at 02:43 PM | Comments (0)
January 22, 2009
Arbitrage Pricing and Asset Values
Arbitrage Pricing
Posted by bparke at 09:43 PM | Comments (0)
January 20, 2009
Inauguration Day
Posted by bparke at 09:58 PM | Comments (0)
January 15, 2009
Theory of the Consumer / Theory of the Firm
Posted by bparke at 09:38 PM | Comments (0)
January 11, 2009
Welcome
Posted by bparke at 11:19 PM | Comments (0)