Financial Crises (P)
PREREQUISITES: (ECON-UA 1 OR ECON-UA 9001 OR ECON-UB 11 OR ECI-UF 1001 OR AP MACROECONOMICS WITH SCORE OF 4 OR 5) AND ECON-UA 2 OR ECON-UA 9002 OR ECON-UB 1 OR ECI-UF 1002 OR AP.
This course will allow students to understand the origin and evolution of financial crises. Various policy options that may prevent and mitigate financial crises and the restructuring of the global financial architecture to prevent or limit future crises will be examined. Although the course will focus mostly on the US and on the most recent financial crisis, it will also examine earlier financial crises in the US (such as the Great Depression) and past financial bubbles such as the 17th century Dutch Tulip mania and the 1997 Asian crisis.