Seminar in Economic Crises

Catalog description

During 2008 and 2009 the world economy, grappling with the subprime mortgage problem, faced its deepest economic downturn since the 1930's. As a result of this crisis, how the macro economy works and the future shape of capitalism is in heated debate among economists. This course will analyze what is now called "The Great Recession," looking at its possible causes and long-term consequences. A number of alternative views are discussed based on ideas and theories developed by economists going back to the Classic School in the 19th century to the more current view of Keynesian and monetarist economists. A comparison between the current crisis and the Great Depression and other cyclical downtowns is made. Prerequisite Course(s): Prerequisite: Take one course in each group: Group 1 (FCWR 101 or FCWR 111 or WRIT 101 or WRIT 111) and Group 2 (FCWR 151 or FCWR 161 or WRIT 151 or WRIT 161) Classroom Hours - Laboratory and/or Studio Hours – Course Credits: 3-0-3