Jul 15, 2024  
2019-2020 Undergraduate Catalog, Volume 78 
    
2019-2020 Undergraduate Catalog, Volume 78 [ARCHIVED CATALOG]

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ECON - 310. Financial Crises


3 credit(s)
The course examines the underlying causes for the origins and propagation of the Great Recession of 2007. Though the primary trigger for the recession was the subprime mortgage crisis, but its origin can be traced to lax monetary policies, the “saving glut”, deregulation, securitization, the widespread use of derivatives, and income and wealth polarization. In response to the crisis, various monetary and fiscal policy steps have been taken. The purpose of this course is to develop analytical tools to understand the crises and policies henceforth from mainstream and heterodox perspective. In the process we will focus on understanding how money, the banking system, and the financial markets interact and affect the economy. We will also look at past financial crises in the United States and elsewhere in the world to compare and contrast the Great Recession of 2007.

Prerequisite(s): ECON 202  or ECON 210 .
Attribute: (ATTR: ARTS, BUS).



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