Stock Index, Oil and Other Futures Markets - Lecture 22

Explore the evolution and complexities of futures markets in this comprehensive lecture from Yale University's Financial Markets course. Delve into how futures markets have expanded beyond agricultural applications to encompass a wide range of assets and term structures. Examine concepts such as fair-value formulae, backwardation, and contango in futures pricing. Investigate the volatility of oil futures markets and discuss factors influencing high oil prices, including international development, nationalization, and global politics. Learn about the innovative S&P/Case-Shiller Home Price Index and its application to creating a national market for residential real estate. Gain insights into the extinction of ticker tapes, the inclusion of financial securities in futures markets, and the development of home price futures markets over the course of this 71-minute lecture.

- Chapter 1. Introduction: On the Extinction of Ticker Tapes
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- Chapter 2. How Futures Markets Included Financial Securities
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- Chapter 3. Fair Value and the Influences of Contango and Backwardation
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- Chapter 4. Volatility in the Oil Futures Market
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- Chapter 5. Why Is the Price of Oil so High? On International Development, Nationalization, and World Politics
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- Chapter 6. The Development of a Home Price Futures Market
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- Chapter 7. The S&P Case-Shiller Home Price Index and Conclusion
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