This time it’s Sterling Professor of Economics, Robert Shiller for his work on the role of the irrationality in creating market bubbles. Sharing the prize with Eugene Fama, and Lars Peter Hansen from the University of Chicago, Shiller, who has long been rumored to be a top candidate to take home this prize, will receive a cool $1.23 million.

In the past, Shiller has taught popular undergraduate courses such as his famed Financial Markets (ECON 252), located here on Open Yale Courses. This spring, non-econ majors will be able to indulge in his wisdom, as this newly-crowned Nobel Prize winner will teach the popular Introductory Macro Economics (116) lecture.