Irving Fisher's Impatience Theory of Interest - Financial Theory Lecture

Explore Irving Fisher's Impatience Theory of Interest in this 71-minute lecture from Yale University's Financial Theory course. Delve into the intricate relationships between productivity, patience, prices, allocations, and interest rates. Examine solutions to Fisher's famous examples, including the effects of changing patience levels, anticipated future windfalls, and wealth redistribution on interest rates. Learn about the transition from financial to general equilibrium, apply the principle of no arbitrage, and understand the Fundamental Theorem of Asset Pricing. Investigate the impacts of technology in Fisher's economic model and gain insights into the impatience theory of interest. Access complete course materials through the Open Yale Courses website for a comprehensive understanding of this financial theory topic.

- Chapter 1. From Financial to General Equilbrium
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- Chapter 2. Applying the Principle of No Arbitrage
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- Chapter 3. The Fundamental Theorem of Asset Pricing
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- Chapter 4. Effects of Technology in Fisher Economy
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- Chapter 5. The Impatience Theory of Interest
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- Chapter 6. Conclusion
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