The Economics of Information Technology

Interesting course from MIT OCW ;The Economics of Information: Strategy, Structure and Pricing;
Shapiro, Carl, and Hal Varian. Information Rules: A Strategic to the Network Economy. Cambridge, MA: Harvard Business School Press, 1998. ISBN: 9780875848631.

Brynjolfsson, Erik, and Adam Saunders. Wired for Innovation: How Information Technology is Reshaping the Economy. Cambridge, MA: MIT Press, 2009. ISBN: 9780262013666.

Saloner, Garth, and A. Michael Spence. Creating and Capturing Value: Perspectives and Cases on Electronic Commerce. New York, NY: John Wiley & Sons, 2001. ISBN: 9780471410157.

Brynjolfsson, Erik, and Brian Kahin, eds. Understanding the Digital Economy. Cambridge, MA: MIT Press, 2000. ISBN: 9780262523301.

Liebowitz, Stan. Re-Thinking the Network Economy: The True Forces that Drive the Digital Marketplace. New York, NY: American Management Association, 2002. ISBN: 9780814406496.

Varian, Hal, Joe Farrell, and Carl Shapiro. The Economics of Information Technology: An Introduction. Cambridge, UK: Cambridge University Press, 2005. ISBN: 9780521605212.

Torrenting Textbooks

Is this legal?

Torrent my Textbooks

Free, yes, Free Text Books

Flat World Knowledge;

Money and Banking

Risk Management for Corporations and Individuals

and more

A new company called Flat World Knowledge, based in Nyack, N.Y., plans to offer online textbooks free and hopes to make its profit by selling supplemental materials like study guides and hard copies printed on demand.

Free read chapters- Banking and Finance

Money, Banking, and Financial Markets

Sample Chapter 3, Asset Prices and Interest Rates (uncorrected page proof) from Ball’s Money, Banking, and Financial Markets

Sample Chapter 18, Financial Crises (uncorrected page proof) from Balls Money, Banking, and Financial Markets

See also Online Case Studies

A free read on FDI

Foreign Direct Investment: Analysis of Aggregate Flows

the data are here

Random Econometrics course pages

From Gary Koop;

Introductory Econometrics

A Non-technical Introduction to Regression

Analysis of Financial Data

Instructions for Empirical project
Sample Exam

Analysis of Financial Data (textbook)

A Course in Bayesian Econometrics


See more reviews of Economics books here.

Can we anticipate future correlations?

Anticipating Correlations: A New Paradigm for Risk Management
Robert Engle

TABLE OF CONTENTS:

Introduction vii

Chapter 1: Correlation Economics 1
1.1 Introduction 1
1.2 How Big Are Correlations? 3
1.3 The Economics of Correlations 6
1.4 An Economic Model of Correlations 9
1.5 Additional Influences on Correlations 13

Chapter 2: Correlations in Theory 15
2.1 Conditional Correlations 15
2.2 Copulas 17
2.3 Dependence Measures 21
2.4 On the Value of Accurate Correlations 25

Chapter 3: Models for Correlation 29
3.1 The Moving Average and the Exponential Smoother 30
3.2 Vector GARCH 32
3.3 Matrix Formulations and Results for Vector GARCH 33
3.4 Constant Conditional Correlation 37
3.5 Orthogonal GARCH 37
3.6 Dynamic Conditional Correlation 39
3.7 Alternative Approaches and Expanded Data Sets 41

Chapter 4: Dynamic Conditional Correlation 43
4.1 DE-GARCHING 43
4.2 Estimating the Quasi-Correlations 45
4.3 Rescaling in DCC 48
4.4 Estimation of the DCC Model 55

Chapter 5: DCC Performance 59
5.1 Monte Carlo Performance of DCC 59
5.2 Empirical Performance 61
Chapter 6: The MacGyver Method 74
Chapter 7: Generalized DCC Models 80
7.1 Theoretical Specification 80
7.2 Estimating Correlations for Global Stock and Bond Returns 83

Chapter 8: FACTOR DCC 88
8.1 Formulation of Factor Versions of DCC 88
8.2 Estimation of Factor Models 93

Chapter 9: Anticipating Correlations 103
9.1 Forecasting 103
9.2 Long-Run Forecasting 108
9.3 Hedging Performance In-Sample 111
9.4 Out-of-Sample Hedging 112
9.5 Forecasting Risk in the Summer of 2007 117

Chapter 10: Credit Risk and Correlations 122
Chapter 11: Econometric Analysis of the DCC Model 130
11.1 Variance Targeting 130
11.2 Correlation Targeting 131
11.3 Asymptotic Distribution of DCC 134
Chapter 12: Conclusions 137

Related;
FT Business School: Global Financial Volatility

Why are current risk measures so low, when we think there are serious financial risks? Nobel prize-winning economist Robert Engle, professor of finance and director of the Centre for Financial Econometrics at NYU’s Stern School of Business, presents how volatility can be used to assess risk. He explains how ARCH and GARCH can measure time-varying volatility.

Dept of Chicago MBA

Random courses from Professor Christian Broda;

International Financial Policy (MBA course)

Krugman and Obstfeld, International Economics: Theory and Policy

This is a course on the economics of exchange rates, their impact on financial variables and their macroeconomic determinants. The course will cover the theory and practice of exchange rate determination, as well as extensions and applications that will enable students to operate effectively in the global marketplace. We will cover the main theories of exchange rate determination and how well they match the data; the role of the exchange rate in the macroeconomy and implications for businesses; the choice of exchange rate regimes, the European Monetary Union, and dollarization; issues related to capital flows and international financial crises such as in Argentina and other developing countries; policy issues facing China and other emerging economies and their implications to the US.

Macroeconomics (MBA course)

Text: Abel and Bernanke, Macroeconomics, Addison Wesley, . (Optional)

COURSE NOTES on Fiscal Policy
COURSE NOTES on Money
COURSE NOTES on the Fed
COURSE NOTES on Real vs Nominal Variables
Introduction to Macro Data

Latin America and the Global Economy (Executive MBA)

The lecture will start with an overview of Latin America’s recent economic performance relative to other regions of the world. (see BIS chapter III). The last few years have been characterized by strong growth around the world, and for the first time in several decades, growth has been stronger in developing countries than in developed countries.

The global imbalances in external payments among the world’s economies have provoked concern in international policy circles and anxiety in capital markets (see The Economist’s survey article below “The great thrift shift” for a background on this issue). We will assesses the implications of such risks for developing countries (also refer to the article “America’s External Balance”).

Over the past 20 years, the Chinese economy has undergone profound changes and China’s role in the global economy has increased sharply. How does China’s growth experience so far compare with previous historical episodes of rapid integration? How has China’s integration affected the rest of the world?

Overall Rating of Course Materials; Good
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Related;
Free Currency Trading