Financial and Economic Crises of the 21st Century

ECON 1746 Subject & Catalog Number

Description

This course examines major financial and economic developments that have challenged the U.S. economy over the past two decades. We begin with the 2007–2009 global financial crisis, studying the role of the mortgage boom and bust, the mechanisms through which problems spread to the broader financial system, and why the crisis proved so devastating for the economy. We will discuss the policies implemented to stabilize the financial system and the subsequent financial reforms. The course then turns to more recent financial and economic disruptions, including those associated with the onset of the COVID-19 recession, the post-pandemic surge in inflation, mounting federal debt, and other emerging threats to financial and economic stability. We will evaluate the policy responses to these developments and consider their implications for the future.

Required Preparation: Ec1010b, Econ 1011b, or permission of the instructor

Recommended Prep

Ec1010b, Econ 1011b, or permission of the instructor