Economic Crises

3 Credits · Level: Graduate, Undergraduate

The subject of this course is economic crises--- their causes, consequences, and prevention. In the fall of 2010, the emphasis is on the global financial crisis that began in 2007. Alternative theories are presented including some drawn from behavioral economics. Considerable attention is paid to the institutional framework . The crises studied are of several kinds, including bank runs, speculative attacks on currencies, and sudden stops in emerging markets. Analytical techniques include formal models and event studies. Access to the “Solver” utility in Excel is required.