Bubbles, Panics & Crashes: A Long Period Assessment of the Causes & Consequences of Financial Crises - ECO00018H
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: H
- Academic year of delivery: 2022-23
Related modules
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
To introduce students to the:
- Recurrent nature of financial crises
- Nature and causes of speculative booms
- Importance of the role of the lender of last resort
- Role played by regulation, liquidity and credit constraints
- Extent to which monetary expansion underpins such crises
To enable students to:
- Evaluate the economic cost of such crises
- Appreciate how, in given time periods, policy responses may or may not have been appropriate
Module learning outcomes
On completing the module, students will have a clearer understanding of the:
- Recurrent nature of financial crises
- Nature and causes of speculative booms
- Importance of the role of the lender of last resort
- Role played by regulation, liquidity and credit constraints
- Extent to which monetary expansion underpins such crises
- Economic cost of such crises, and
- How, in given time periods, policy responses may or may not have been appropriate
Indicative assessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Module feedback
Feedback will be given in line with University guidelines
Indicative reading
Carmen M. Reinhart & Kenneth S. Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press, 2009.
Charles P. Kindleberger and Robert Z. Aliber. 2011. Manias, panics and crashes : a history of financial crises. 6th Edition. Basingstoke, Hampshire: Palgrave Macmillan, 2011.