Shakespeare's Merchant of Venice and Financial Theory - Present Value and Basic Financial Instruments

Explore Shakespeare's economic insights and their relevance to modern financial theory in this 1-hour 19-minute lecture from Yale University's Financial Theory course. Delve into the economic themes in "The Merchant of Venice," comparing Shakespeare's understanding of interest and collateral with later economic theories. Examine the concept of present value and its application to various financial instruments, including coupon bonds, annuities, perpetuities, and mortgages. Learn about the doubling rule and discover practical applications of these financial instruments in real-world scenarios.

- Chapter 1. Introduction
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- Chapter 2. Contracts in Merchant of Venice
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- Chapter 3. The Doubling Rule
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- Chapter 4. Coupon Bonds, Annuities, and Perpetuities
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- Chapter 5. Mortgage
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- Chapter 6. Applications of Financial Instruments
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