Financial Development and Crises
This course introduces the most important financial institutions, and their productive role is discussed theoretically and empirically. The course is part of the Master’s programme in Economics.
The financial sector plays a central role in a modern economy by mobilising savings and distributing capital. At the same time, the financial sector appears to be fundamentally unstable, and the economic history is full of financial crises.
This course introduces the most important financial institutions, and their productive role is discussed theoretically and empirically. The weaknesses of the financial system are then discussed theoretically and empirically on the basis of historical examples of financial crises.
The questions we ask are why these crises occur, what their repercussions are and what can be done about them. Finally, time will be dedicated to discussing the credit crisis of 2007-2009 and the euro crisis of 2010-2012.
This is a 7.5 credit course.
Course material will be available on the learning platform Athena.
Teaching Format
Instruction is given in the form of lectures which also include student presentations. The language of instruction is English.
Assessment
The course is examined on the basis of a written examination as well as group presentations.
Examiner
The main literature will consist of articles and an updated list will be made available in time for the start of the course. As a reference text, the following textbook will be used:
Frederic Mishkin ”The Economics of Money, Banking and Financial Markets, Global Edition”, 12th edition. (It is also possible to use Frederic Mishkin and Stanley Eakins ”Financial Markets and Institutions, Global Edition”, latest edition.)
Study advisor master’s level
Visiting addressSödra huset A, room A614
