SE-415 History of Financial Crises
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- John Arngrim Hunnes
- Lecture Semester:
- Autumn
- Teaching language:
- English
- Duration:
- 1 term
The course is connected to the following study programs
Teaching language
EnglishRecommended prerequisites
Completed economics and methodological courses in the bachelor program.
Course contents
The best way to understand financial crises is to study economic history. Only by looking at the past can we recognize patterns in financial crises, and these patterns can help us assess future economic problems and how to deal with them. In this course, we take a closer look at several of the major financial crises from 1637 (the Tulip mania) to the problems in the world economy in recent decades (the great recession of 2008 and the Covid-19 pandemic). Our primary approach is to study the crises narratively using a flexible theoretical framework. However, we will also use simple quantitative tools. Different schools of economic thought will also be addressed. Some ethical problems will be discussed, mainly when covering the financial crisis of 2007-08.
Learning outcomes
On successful completion of this course the students should
-
be familiar with major financial crises starting with the Tulip Mania in 1637
-
have extensive knowledge of the financial crises of 2007-08, including problems with the euro.
-
be aware of ethical issues related to financial crises
-
have extensive knowledge of relevant theories to apply when analyzing financial crises
-
be able to choose and apply relevant theories when analyzing financial crises
-
be familiar with the importance of understanding the institutional and historical context when addressing problems in the economy
-
strengthened their abilities to discuss and handle extensive material and present analyses in writing
Examination requirements
1.Proposal for a term paper on a chosen topic (preferably written in groups, but individual work will be permitted). More information will be given in Canvas at the start of the semester. Approved / not approved.
2.A two-page individual reflection note about the course. More information will be given in Canvas at the start of the semester. The student will not receive feedback on this requirement.
Teaching methods
Mainly lectures, but also group work and class discussions. The estimated workload is about 200 hours.
Evaluation
The person responsible for the course decides, in cooperation with student representative, the form of student evaluation and whether the course is to have a midway or end of course evaluation in accordance with the quality system for education, chapter 4.1.
Admission for external candidates
No
Assessment methods and criteria
Term paper on a chosen topic (preferably written in groups, but individual work will be permitted). More information will be given in Canvas at the start of the semester. Letter grades A-F.
Reduction of Credits
This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:
| Course | Reduction of Credits |
|---|---|
| SE-405 – History of Economic Crisis | 7.5 |