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and this was the background to the course
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so that you're all familiar.
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Those of you who haven't taken freshman economics or
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intermediate economics, what's the background that's required for the course?
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And the fact that general equilibrium is a part of finance
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is, as I say, a bit of an innovation
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because most finance courses are taught entirely
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independently of economic theory.
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But the two greatest Yale economists
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and two greatest Yale financial economists
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had finance and economics integrated,
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and I believe that's the only right way of looking at the problem.