Go to Course: https://www.coursera.org/learn/global-financial-crisis
### Course Review: The Global Financial Crisis on Coursera #### Overview In the wake of one of the most significant economic downturns in modern history, understanding the global financial crisis that shook the world is crucial not only for financial professionals but for anyone interested in the dynamics of economic policy and market behavior. Coursera's course titled **The Global Financial Crisis** offers an in-depth examination of the causes, events, policy responses, and aftereffects of this monumental crisis. Led by former U.S. Secretary of the Treasury Timothy F. Geithner and Professor Andrew Metrick from Yale University, this course promises a remarkable blend of practical insights and academic rigor. #### Course Structure The course is structured into a series of thought-provoking modules, each designed to build upon the last. Here’s a brief overview of the syllabus: - **Introduction to The Global Financial Crisis**: This module sets the stage for the course, discussing the importance of understanding financial crises in the context of economic history. - **The Common Causes of Financial Crises**: Here, students will explore the fundamental factors that contribute to financial crises, including market dynamics, regulatory failures, and behavioral economics. - **Housing and Mortgages**: This section delves into why the housing market was a pivotal element of the financial crisis, covering the intricate relationship between mortgages, home values, and the financial system. - **Safe Assets and the Global Savings Glut**: This module discusses how the global demand for safe assets contributed to economic vulnerabilities. - **The Housing Crisis**: An in-depth analysis of the housing crisis itself, detailing how systemic risks emerged and escalated. - **Anxiety, Part I & II**: A focus on the psychological components of financial markets, illustrating the emotions influencing investor behavior during times of distress. - **Panic**: This critical module addresses the immediate reactions of markets and individuals in response to the unfolding crisis. - **Our Responses to the Crisis**: A review of the policy interventions employed by governments and institutions aimed at stabilizing the economy. - **Responding to Future Crises**: Students will learn lessons from the past and consider strategies to mitigate future financial upheaval. - **Europe in the Global Financial Crisis**: This module examines how the crisis extended beyond the U.S., focusing on Europe's challenges. - **The Eurozone Crisis**: A detailed look at the specific issues faced by the Eurozone, including sovereign debt crises and banking failures. - **Course Summary**: A reflection on the course content with key takeaways. #### Review The course stands out due to its accessibility and the immense credibility of its instructors. Timothy Geithner, having been at the forefront of economic policy during the crisis, along with Professor Metrick's academic expertise, provides students with unique insights drawn from both practical experience and theoretical knowledge. Participants have lauded the course for its engaging content and comprehensive approach. The use of real-life examples and case studies helps illustrate complex economic concepts, making them more relatable and easier to understand. Moreover, the pacing of the course allows students to absorb material thoroughly without feeling rushed. #### Recommendation I highly recommend **The Global Financial Crisis** course on Coursera to anyone looking to deepen their understanding of financial systems, economic policy, or the events that led to the crisis. Whether you're a student, a professional in finance, or just someone with a keen interest in understanding global economics, this course offers valuable insights. Furthermore, the skills and knowledge gained from this course are not only applicable to understanding past events but are also essential for navigating current and future economic landscapes. With practical lessons on financial crises and a look towards future responses, this course is a must-take for anyone interested in economic stability and risk management. Don’t miss out on this opportunity to learn from some of the leading voices in finance today. Enroll now and gain an informed perspective on the complexities of the global financial landscape!
Introduction to The Global Financial Crisis
The Common Causes of Financial CrisesHousing and MortgagesSafe Assets and the Global Savings GlutThe Housing CrisisAnxiety, Part IAnxiety, Part IIPanicOur Responses to the Crisis Responding to Future CrisesEurope in the Global Financial CrisisThe Eurozone CrisisCourse SummaryCourse Summary
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.
We are really very fortunate to have the courses like this. A lot of thanks with a request that please continue to bring these very high quality courses in future also.
Excellent course, probably the best narrative that exists. Hopefully a sequel on 2016 won't be required. But if it does let's hope it's from the same team.\n\nThank you.
this cause has corrected some misconceptions that i had during my work as a bank examiner.. it will assist me in my current role as a risk manager of a significant important financial institution
Excellent course.\n\nA real privilege to have this kind of instructors. Exceptional opportunity to receive information directly from one of the main protagonists of the event.
The course gives us a comprehensive perspective on what happened during the GFC 2008-2009 both in the US and the Eurozone, the lessons learned will be very fundamental for Central Bankers like me.