Why were aggregate swings in the economy and business cycles more pronounced (i.e. "boom and bust") in heavy industries in the nineteenth century? Discover the Austrian capital theory as Friedrich Hayek elaborated it through an...

A pension fund would like to loan money to a company, but the company's bond rating isn't high enough. Sal discusses the private entities that issue ratings and credit default swaps, illustrating nicely how a higher-rated company can...

A program created by Consumer Education and Training Services teaches students how to make sound financial decisions both as young adults and throughout their lives.

Short video [0:44] discussing the importance of having good credit, whether an individual who is buying an expensive item such as a car or a house, or a business wanting to borrow for investment or expansion.

Video of Sal on CNN on October 10th discussing the credit crisis and a potential solution to solving the crisis. [14:36]

A video lecture reviewing the underlying issues that caused the financial crisis and the Paulson bailout. Video also reviews of balance sheets. Also discussed is the difference between illiquidity and insolvency. [11:25]

An introduction to how credit default swaps work.

How credit default swaps can be used as hedges, insurance or side-bets. [4:31]

A video reviewing over the topic of credit score. [2:12]

A credit score is one of the most important numbers when it comes to financial decisions like buying a house and applying for credit cards. Find out what goes into making up your score. [6:57]

Explore how home equity loans work, and why someone might want one. [8:37]

Interest is effectively a rent on money. In this video, think about what an interest rate really is. [9:56]

A video [11:40] explaining the institutions involved in processing credit and how they relate to each other.

This video lesson from Khan Academy explains how bubbles destroy wealth. This resource from Khan Academy is designed for students who are taking a college-level economics course.