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The Global Financial Crisis

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Course Summary

Learn about the causes, effects and aftermath of the global financial crisis that occurred in 2008.

Key Learning Points

Understand the global financial system and its vulnerabilities
Explore the factors that led to the crisis
Examine the impact on the global economy and financial markets

Learning Outcomes

Understand the root causes of the global financial crisis
Analyze the impact of the crisis on the global economy and financial markets
Develop strategies to prevent future financial crises

Prerequisites or good to have knowledge before taking this course

Basic knowledge of finance and economics
Interest in global financial issues

Course Difficulty Level

Intermediate

Course Format

Online, self-paced
Video lectures
Interactive quizzes

Similar Courses

Financial Markets
Behavioral Finance

Related Education Paths

Notable People in This Field

Professor of Economics, NYU Stern School of Business
Professor of Economics, Graduate Center, CUNY

Related Books

Description

Former U.S. Secretary of the Treasury Timothy F. Geithner and Professor Andrew Metrick survey the causes, events, policy responses, and aftermath of the recent global financial crisis.

Outline

Introduction to The Global Financial Crisis
Introduction to The Global Financial Crisis
Lecture: What is a Financial Crisis?
Lecture: Why Study the Global Financial Crisis?
Lecture: Course Themes
Lecture: Course Organization
Question and Answer
Introduction to The Global Financial Crisis Slides
Suggested Readings
Pre-Course Survey
Before You Begin
Recommended Additional Readings

The Common Causes of Financial Crises
Lecture: Why Does This Matter?
Lecture: What Causes Financial Crises? Part 1
Lecture: What Causes Financial Crises? Part 2
Lecture: Causes of the 2008-2009 Financial Crisis
Lecture: What did We Miss and Why Did We Miss it?
Why study the Global Financial Crisis? Slides
Suggested Readings
Module 2, Quiz 1
Module 2, Quiz 2
Module 2, Quiz 3
Module 2, Quiz 4
Module 2, Quiz 5
Module 2, Wrap Up

Housing and Mortgages
Introduction: Housing and Mortgages
Lecture: Housing Bubbles and Financial Crises
Lecture: Mortgages: Fixed and Adjustable
Lecture: Prime Mortgages
Lecture: Nonprime Mortgages
Lecture: Why Subprime Mortgages?
Lecture: Some Foreclosure Facts
Lecture: Crisis Terminology
Summary: Housing and Mortgages
Housing and Mortgages Slides
Suggested Readings
Module 3, Quiz 1
Module 3, Quiz 2
Module 3, Quiz 3
Module 3, Quiz 4
Module 3, Quiz 5
Module 3, Quiz 6
Module 3, Quiz 7
Module 3, Wrap Up

Safe Assets and the Global Savings Glut
Introduction: Safe Assets and the Global Savings Glut
Lecture: Shadow Banking
Lecture: Safe Assets
Lecture: The Global Savings Glut Hypothesis
Lecture: Global Savings Glut Data, Part I
Lecture: Global Savings Glut Data, Part II
Lecture: Safe Asset Supply
Lecture: Manufacturing Safe Assets
Lecture: Securitization: Overview
Lecture: Securitization: Data, Part I
Lecture: Securitization: Data, Part II
Summary: Safe Assets and the Global Savings Glut
Safe Assets and the Global Savings Glut Slides
Suggested Readings
Module 4, Quiz 1
Module 4, Quiz 2
Module 4, Quiz 3
Module 4, Quiz 4
Module 4, Quiz 5
Module 4, Quiz 6
Module 4, Quiz 7
Module 4, Quiz 8
Module 4, Quiz 9
Module 4, Quiz 10
Module 4, Wrap Up

The Housing Crisis
Introduction: The Housing Crisis
Lecture: What Caused the Housing Crisis
Lecture: 3 Hypotheses
Lecture: Bad Behavior, Part I
Lecture: Hypothesis 1: Bad Behavior, Part II
Lecture: Bad Behavior, Part III
Lecture: Government Failure, Part I
Lecture: Hypothesis 2: Government Failure, Part II
Lecture: Hypothesis 3: Bubble Thinking
Summary: The Housing Crisis
The Housing Crisis Slides
Suggested Readings
Module 5, Quiz 1
Module 5, Quiz 2
Module 5, Quiz 3
Module 5, Quiz 4
Module 5, Quiz 5
Module 5, Quiz 6
Module 5, Quiz 7
Module 5, Quiz 8
Module 5, Wrap Up

Anxiety, Part I
Introduction: Anxiety, Part I
Lecture: Some Notable Events in 2007
Lecture: ABX
Lecture: ABX Data
Lecture: Anxiety Spreads to Interbank Markets
Lecture: LIBOR-OIS
Lecture: LIBOR-OIS Data
Lecture: Asset-Backed Commercial Paper
Lecture: ABCP Data
Lecture: ABCP Runs, Part I
Lecture: ABCP Runs, Part II
Lecture: Module 6 Summary
Anxiety, Part I Slides
Suggested Readings
Module 6, Quiz 1
Module 6, Quiz 2
Module 6, Quiz 3
Module 6, Quiz 4
Module 6, Quiz 5
Module 6, Quiz 6
Module 6, Quiz 7
Module 6, Quiz 8
Module 6, Quiz 9
Module 6, Quiz 10
Module 6, Wrap Up

Anxiety, Part II
Introduction: Anxiety, Part II
Lecture: Northern Rock: Narrative
Lecture: Northern Rock and the Global Financial Crisis
Lecture: The "Monolines"
Lecture: Auction Rate Securities
Lecture: Bear Stearns, Part I
Lecture: Bear Stearns, Part II
Lecture: Bear Stearns, Part III
Summary: Anxiety, Part II
Anxiety, Part II Slides
Suggested Reading
Module 7, Quiz 1
Module 7, Quiz 2
Module 7, Quiz 3
Module 7, Quiz 4
Module 7, Quiz 5
Module 7, Quiz 6
Module 7, Quiz 7
Module 7, Wrap Up

Panic
Introduction: Panic
Lecture: Shadow Banking
Lecture: Repo
Lecture: The GSEs
Lecture: Lehman Brothers
Lecture: MMMFs
Lecture: AIG
Lecture: The Run on Repo
Lecture: Module 8 Summary
Panic Slides
Suggested Readings
Module 8, Quiz 1
Module 8, Quiz 2
Module 8, Quiz 3
Module 8, Quiz 4
Module 8, Quiz 5
Module 8, Quiz 6
Module 8, Quiz 7
Module 8, Quiz 8
Module 8, Wrap Up

Our Responses to the Crisis
Lecture: United States Financial Capacity
Lecture: Phase 1: Letting It Burn
Lecture: Phase 1: Letting it Burn - Framework for Crisis Resolution
Lecture: Phase 2: Early Escalation - The Policy Response
Lecture: Phase 3: Breaking the Panic - Market Developments
Lecture: Triage in a Panic
Lecture: Phase 4: Resolution - Market Developments
Lecture: Phase 4: Resolution: What We Did
Lecture: The Stress Test
Lecture: Housing Response
Our Responses to the Crisis Slides
Suggested Readings
Module 9, Quiz 1
Module 9, Quiz 2
Module 9, Quiz 3
Module 9, Quiz 4
Module 9, Quiz 5
Module 9, Quiz 6
Module 9, Quiz 7
Module 9, Quiz 8
Module 9, Quiz 9
Module 9, Quiz 10
Module 9, Wrap Up

Responding to Future Crises
Lecture: What Have We Learned? Outcomes: Prisms 1-5
Lecture: What Have We Learned? Outcomes: Prisms 6-10
Lecture: Unfinished Business
Lecture: Playbook: Rule 1-5
Lecture: Playbook: Rule 6-10
Lecture: Responding to Future Crises Conclusion
Responding to Future Crises Slides
Module 10, Quiz 1
Module 10, Quiz 2
Module 10, Quiz 3
Module 10, Quiz 4
Module 10, Quiz 5
Module 10, Wrap Up

Europe in the Global Financial Crisis
Introduction: Europe in the Global Financial Crisis
Lecture: The Euro: Background
Lecture: European Growth and Unemployment
Lecture: Three Connected Crises
Lecture: Timeline
Lecture: Ireland
Lecture: Iceland
Summary: Europe in the Global Financial Crisis
Europe in the Global Financial Crisis Slides
Suggested Readings
Module 11, Quiz 1
Module 11, Quiz 2
Module 11, Quiz 3
Module 11, Quiz 4
Module 11, Quiz 5
Module 11, Quiz 6
Module 11, Wrap Up

The Eurozone Crisis
Introduction: The Eurozone Crisis
Lecture: Eurozone Crisis: Overview
Lecture: Eurozone Crisis: Timeline, Part I
Lecture: Eurozone Crisis: Timeline, Part II
Lecture: Eurozone Crisis: Timeline, Part III
The Economics of the Euro
Lecture: Ireland and Iceland Revisited, Part I
Lecture: Ireland and Iceland Revisited, Part II
Lecture: Ireland and Iceland Revisited, Aftermath
Lecture: Internal Devaluations
The Euro and the Gold Standard: Lessons from the Great Depression
Summary: The Eurozone Crisis
The Eurozone Crisis Slides
Suggested Readings
Module 12, Quiz 1
Module 12, Quiz 2
Module 12, Quiz 3
Module 12, Quiz 4
Module 12, Quiz 5
Module 12, Quiz 6
Module 12, Quiz 7
Module 12, Quiz 8
Module 12, Quiz 9
Module 12, Quiz 10
Module 12, Wrap Up

Course Summary
Course Summary
Summary Slides
Post-Course Survey

Summary of User Reviews

The Global Financial Crisis course on Coursera has received positive reviews from users. Many users praise the course's comprehensive coverage of the topic and the expertise of the instructor. Overall, users found the course informative and engaging.

Key Aspect Users Liked About This Course

Comprehensive coverage of the topic

Pros from User Reviews

Expert instructor
Informative content
Engaging course material
Flexibility in course schedule
Access to additional resources

Cons from User Reviews

Lack of interaction with instructor and other students
Some users found the course material too basic
Course structure could be more organized
Length of the course may be too long for some users
No certificate of completion for audit option

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