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Lecture 8 - How a Long-Lived Institution Figures an Annual Budget. Yield

Lecture 8 - How a Long-Lived Institution Figures an Annual Budget. Yield

This video was recorded at YALE - ECON 251 - Financial Theory. In the 1990s, Yale discovered that it was faced with a deferred maintenance problem: the university hadn't properly planned for important renovations in many buildings. A large, one-time expenditure would be needed. How should Yale have covered these expenses? This lecture begins by applying the lessons learned so far to show why Yale's initial forecast budget cuts were overly...

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