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
To gain a comprehensive understanding of financial crises, it’s crucial to delve into economic history. This exploration allows us to identify possible recurring patterns in financial upheavals, which in turn equips us to better anticipate and manage future economic challenges. This course offers an in-depth examination of several major financial crises, ranging from the 1637 Tulip Mania to more recent global economic disturbances, including the 2008 Great Recession and the Covid-19 pandemic. We'll primarily explore these crises through narrative analyses within a versatile theoretical framework, complemented by straightforward quantitative tools. Additionally, we'll consider various economic theories. Ethical considerations, particularly in relation to the 2007-08 financial crisis, will also be a key part of our discussions.
Learning outcomes
Upon 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
-
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
-
be aware of ethical issues related to financial crises
Examination requirements
-
Term paper proposal: Students must collaborate in groups (two to three students per group; individual submission is not permitted) for their term paper on a chosen topic. Proposals must be presented in person during class. Approved/not approved.
-
Peer feedback participation: Students must provide constructive feedback on their peers’ term papers. Approved/not approved.
-
Individual reflection note: Each student must write a two-page personal reflection on the course experience. The student will not receive feedback on this requirement.
Comprehensive information and guidelines for these components will be available on Canvas at the commencement of the course.
Teaching methods
Lectures, student presentations, 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
Group term paper (60%) and 3-hour written individual exam at school (40%).
Assessment expression: letter grade, A-F. More information in Canvas.
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 |