About this course: 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.
Created by: Yale University
Taught by: Andrew Metrick, Michael H. Jordan Professor of Finance and Management
Yale School of Management
Taught by: Timothy Geithner, Lecturer in Management, Yale SOM, Former U.S. Secretary of the Treasury
Yale School of Management
| Commitment | 11 weeks of study, 4-6 hours/week |
| Language | English, Subtitles: Romanian |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
Introduction to The Global Financial Crisis
6 videos, 5 readings
- Video: Introduction to The Global Financial Crisis
- Lecture: Introduction to The Global Financial Crisis Slides
- Lecture: Suggested Readings
- Lecture: Pre-Course Survey
- Video: Lecture: What is a Financial Crisis?
- Video: Lecture: Why Study the Global Financial Crisis?
- Video: Lecture: Course Themes
- Video: Lecture: Course Organization
- Lecture: Before You Begin
- Video: Question and Answer
- Lecture: Recommended Additional Readings
The Common Causes of Financial Crises
5 videos, 2 readings, 5 practice quizzes
- Video: Lecture: Why Does This Matter?
- Quiz pour s'exercer: Module 2, Quiz 1
- Lecture: Why study the Global Financial Crisis? Slides
- Lecture: Suggested Readings
- Video: Lecture: What Causes Financial Crises? Part 1
- Quiz pour s'exercer: Module 2, Quiz 2
- Video: Lecture: What Causes Financial Crises? Part 2
- Quiz pour s'exercer: Module 2, Quiz 3
- Video: Lecture: Causes of the 2008-2009 Financial Crisis
- Quiz pour s'exercer: Module 2, Quiz 4
- Video: Lecture: What did We Miss and Why Did We Miss it?
- Quiz pour s'exercer: Module 2, Quiz 5
Graded: Module 2, Wrap Up
WEEK 2
Housing and Mortgages
9 videos, 2 readings, 7 practice quizzes
- Video: Introduction: Housing and Mortgages
- Lecture: Housing and Mortgages Slides
- Lecture: Suggested Readings
- Video: Lecture: Housing Bubbles and Financial Crises
- Quiz pour s'exercer: Module 3, Quiz 1
- Video: Lecture: Mortgages: Fixed and Adjustable
- Quiz pour s'exercer: Module 3, Quiz 2
- Video: Lecture: Prime Mortgages
- Quiz pour s'exercer: Module 3, Quiz 3
- Video: Lecture: Nonprime Mortgages
- Quiz pour s'exercer: Module 3, Quiz 4
- Video: Lecture: Why Subprime Mortgages?
- Quiz pour s'exercer: Module 3, Quiz 5
- Video: Lecture: Some Foreclosure Facts
- Quiz pour s'exercer: Module 3, Quiz 6
- Video: Lecture: Crisis Terminology
- Quiz pour s'exercer: Module 3, Quiz 7
- Video: Summary: Housing and Mortgages
Graded: Module 3, Wrap Up
WEEK 3
Safe Assets and the Global Savings Glut
12 videos, 2 readings, 10 practice quizzes
- Video: Introduction: Safe Assets and the Global Savings Glut
- Lecture: Safe Assets and the Global Savings Glut Slides
- Lecture: Suggested Readings
- Video: Lecture: Shadow Banking
- Quiz pour s'exercer: Module 4, Quiz 1
- Video: Lecture: Safe Assets
- Quiz pour s'exercer: Module 4, Quiz 2
- Video: Lecture: The Global Savings Glut Hypothesis
- Quiz pour s'exercer: Module 4, Quiz 3
- Video: Lecture: Global Savings Glut Data, Part I
- Quiz pour s'exercer: Module 4, Quiz 4
- Video: Lecture: Global Savings Glut Data, Part II
- Quiz pour s'exercer: Module 4, Quiz 5
- Video: Lecture: Safe Asset Supply
- Quiz pour s'exercer: Module 4, Quiz 6
- Video: Lecture: Manufacturing Safe Assets
- Quiz pour s'exercer: Module 4, Quiz 7
- Video: Lecture: Securitization: Overview
- Quiz pour s'exercer: Module 4, Quiz 8
- Video: Lecture: Securitization: Data, Part I
- Quiz pour s'exercer: Module 4, Quiz 9
- Video: Lecture: Securitization: Data, Part II
- Quiz pour s'exercer: Module 4, Quiz 10
- Video: Summary: Safe Assets and the Global Savings Glut
Graded: Module 4, Wrap Up
WEEK 4
The Housing Crisis
10 videos, 2 readings, 8 practice quizzes
- Video: Introduction: The Housing Crisis
- Lecture: The Housing Crisis Slides
- Lecture: Suggested Readings
- Video: Lecture: What Caused the Housing Crisis
- Quiz pour s'exercer: Module 5, Quiz 1
- Video: Lecture: 3 Hypotheses
- Quiz pour s'exercer: Module 5, Quiz 2
- Video: Lecture: Bad Behavior, Part I
- Quiz pour s'exercer: Module 5, Quiz 3
- Video: Lecture: Hypothesis 1: Bad Behavior, Part II
- Quiz pour s'exercer: Module 5, Quiz 4
- Video: Lecture: Bad Behavior, Part III
- Quiz pour s'exercer: Module 5, Quiz 5
- Video: Lecture: Government Failure, Part I
- Quiz pour s'exercer: Module 5, Quiz 6
- Video: Lecture: Hypothesis 2: Government Failure, Part II
- Quiz pour s'exercer: Module 5, Quiz 7
- Video: Lecture: Hypothesis 3: Bubble Thinking
- Quiz pour s'exercer: Module 5, Quiz 8
- Video: Summary: The Housing Crisis
Graded: Module 5, Wrap Up
WEEK 5
Anxiety, Part I
12 videos, 2 readings, 10 practice quizzes
- Video: Introduction: Anxiety, Part I
- Lecture: Anxiety, Part I Slides
- Lecture: Suggested Readings
- Video: Lecture: Some Notable Events in 2007
- Quiz pour s'exercer: Module 6, Quiz 1
- Video: Lecture: ABX
- Quiz pour s'exercer: Module 6, Quiz 2
- Video: Lecture: ABX Data
- Quiz pour s'exercer: Module 6, Quiz 3
- Video: Lecture: Anxiety Spreads to Interbank Markets
- Quiz pour s'exercer: Module 6, Quiz 4
- Video: Lecture: LIBOR-OIS
- Quiz pour s'exercer: Module 6, Quiz 5
- Video: Lecture: LIBOR-OIS Data
- Quiz pour s'exercer: Module 6, Quiz 6
- Video: Lecture: Asset-Backed Commercial Paper
- Quiz pour s'exercer: Module 6, Quiz 7
- Video: Lecture: ABCP Data
- Quiz pour s'exercer: Module 6, Quiz 8
- Video: Lecture: ABCP Runs, Part I
- Quiz pour s'exercer: Module 6, Quiz 9
- Video: Lecture: ABCP Runs, Part II
- Quiz pour s'exercer: Module 6, Quiz 10
- Video: Lecture: Module 6 Summary
Graded: Module 6, Wrap Up
WEEK 6
Anxiety, Part II
9 videos, 2 readings, 7 practice quizzes
- Video: Introduction: Anxiety, Part II
- Lecture: Anxiety, Part II Slides
- Lecture: Suggested Reading
- Video: Lecture: Northern Rock: Narrative
- Quiz pour s'exercer: Module 7, Quiz 1
- Video: Lecture: Northern Rock and the Global Financial Crisis
- Quiz pour s'exercer: Module 7, Quiz 2
- Video: Lecture: The "Monolines"
- Quiz pour s'exercer: Module 7, Quiz 3
- Video: Lecture: Auction Rate Securities
- Quiz pour s'exercer: Module 7, Quiz 4
- Video: Lecture: Bear Stearns, Part I
- Quiz pour s'exercer: Module 7, Quiz 5
- Video: Lecture: Bear Stearns, Part II
- Quiz pour s'exercer: Module 7, Quiz 6
- Video: Lecture: Bear Stearns, Part III
- Quiz pour s'exercer: Module 7, Quiz 7
- Video: Summary: Anxiety, Part II
Graded: Module 7, Wrap Up
WEEK 7
Panic
9 videos, 2 readings, 8 practice quizzes
- Video: Introduction: Panic
- Lecture: Panic Slides
- Lecture: Suggested Readings
- Video: Lecture: Shadow Banking
- Quiz pour s'exercer: Module 8, Quiz 1
- Video: Lecture: Repo
- Quiz pour s'exercer: Module 8, Quiz 2
- Video: Lecture: The GSEs
- Quiz pour s'exercer: Module 8, Quiz 3
- Video: Lecture: Lehman Brothers
- Quiz pour s'exercer: Module 8, Quiz 4
- Video: Lecture: MMMFs
- Quiz pour s'exercer: Module 8, Quiz 5
- Video: Lecture: AIG
- Quiz pour s'exercer: Module 8, Quiz 6
- Video: Lecture: The Run on Repo
- Quiz pour s'exercer: Module 8, Quiz 7
- Video: Lecture: Module 8 Summary
- Quiz pour s'exercer: Module 8, Quiz 8
Graded: Module 8, Wrap Up
WEEK 8
Our Responses to the Crisis
10 videos, 2 readings, 10 practice quizzes
- Video: Lecture: United States Financial Capacity
- Quiz pour s'exercer: Module 9, Quiz 1
- Lecture: Our Responses to the Crisis Slides
- Lecture: Suggested Readings
- Video: Lecture: Phase 1: Letting It Burn
- Quiz pour s'exercer: Module 9, Quiz 2
- Video: Lecture: Phase 1: Letting it Burn - Framework for Crisis Resolution
- Quiz pour s'exercer: Module 9, Quiz 3
- Video: Lecture: Phase 2: Early Escalation - The Policy Response
- Quiz pour s'exercer: Module 9, Quiz 4
- Video: Lecture: Phase 3: Breaking the Panic - Market Developments
- Quiz pour s'exercer: Module 9, Quiz 5
- Video: Lecture: Triage in a Panic
- Quiz pour s'exercer: Module 9, Quiz 6
- Video: Lecture: Phase 4: Resolution - Market Developments
- Quiz pour s'exercer: Module 9, Quiz 7
- Video: Lecture: Phase 4: Resolution: What We Did
- Quiz pour s'exercer: Module 9, Quiz 8
- Video: Lecture: The Stress Test
- Quiz pour s'exercer: Module 9, Quiz 9
- Video: Lecture: Housing Response
- Quiz pour s'exercer: Module 9, Quiz 10
Graded: Module 9, Wrap Up
WEEK 9
Responding to Future Crises
6 videos, 1 reading, 5 practice quizzes
- Video: Lecture: What Have We Learned? Outcomes: Prisms 1-5
- Quiz pour s'exercer: Module 10, Quiz 1
- Lecture: Responding to Future Crises Slides
- Video: Lecture: What Have We Learned? Outcomes: Prisms 6-10
- Quiz pour s'exercer: Module 10, Quiz 2
- Video: Lecture: Unfinished Business
- Quiz pour s'exercer: Module 10, Quiz 3
- Video: Lecture: Playbook: Rule 1-5
- Quiz pour s'exercer: Module 10, Quiz 4
- Video: Lecture: Playbook: Rule 6-10
- Quiz pour s'exercer: Module 10, Quiz 5
- Video: Lecture: Responding to Future Crises Conclusion
Graded: Module 10, Wrap Up
WEEK 10
Europe in the Global Financial Crisis
8 videos, 2 readings, 6 practice quizzes
- Video: Introduction: Europe in the Global Financial Crisis
- Lecture: Europe in the Global Financial Crisis Slides
- Lecture: Suggested Readings
- Video: Lecture: The Euro: Background
- Quiz pour s'exercer: Module 11, Quiz 1
- Video: Lecture: European Growth and Unemployment
- Quiz pour s'exercer: Module 11, Quiz 2
- Video: Lecture: Three Connected Crises
- Quiz pour s'exercer: Module 11, Quiz 3
- Video: Lecture: Timeline
- Quiz pour s'exercer: Module 11, Quiz 4
- Video: Lecture: Ireland
- Quiz pour s'exercer: Module 11, Quiz 5
- Video: Lecture: Iceland
- Quiz pour s'exercer: Module 11, Quiz 6
- Video: Summary: Europe in the Global Financial Crisis
Graded: Module 11, Wrap Up
WEEK 11
The Eurozone Crisis
12 videos, 2 readings, 10 practice quizzes
- Video: Introduction: The Eurozone Crisis
- Lecture: The Eurozone Crisis Slides
- Lecture: Suggested Readings
- Video: Lecture: Eurozone Crisis: Overview
- Quiz pour s'exercer: Module 12, Quiz 1
- Video: Lecture: Eurozone Crisis: Timeline, Part I
- Quiz pour s'exercer: Module 12, Quiz 2
- Video: Lecture: Eurozone Crisis: Timeline, Part II
- Quiz pour s'exercer: Module 12, Quiz 3
- Video: Lecture: Eurozone Crisis: Timeline, Part III
- Quiz pour s'exercer: Module 12, Quiz 4
- Video: The Economics of the Euro
- Quiz pour s'exercer: Module 12, Quiz 5
- Video: Lecture: Ireland and Iceland Revisited, Part I
- Quiz pour s'exercer: Module 12, Quiz 6
- Video: Lecture: Ireland and Iceland Revisited, Part II
- Quiz pour s'exercer: Module 12, Quiz 7
- Video: Lecture: Ireland and Iceland Revisited, Aftermath
- Quiz pour s'exercer: Module 12, Quiz 8
- Video: Lecture: Internal Devaluations
- Quiz pour s'exercer: Module 12, Quiz 9
- Video: The Euro and the Gold Standard: Lessons from the Great Depression
- Quiz pour s'exercer: Module 12, Quiz 10
- Video: Summary: The Eurozone Crisis
Graded: Module 12, Wrap Up
Course Summary
Course Summary
1 video, 2 readings
- Video: Course Summary
- Lecture: Summary Slides
- Lecture: Post-Course Survey
FAQs
How It Works
Travail en cours
Chaque cours fonctionne comme un manuel interactif en proposant des vidéos préenregistrées, des quiz et des projets.
Aide de la part de vos pairs
Connectez-vous à des milliers d'autres étudiants et débattez sur des idées, discutez le contenu du cours et obtenez de l'aide pour en maîtriser les concepts.
Certificats
Obtenez une reconnaissance officielle pour votre travail et partagez votre réussite avec vos amis, vos collègues et vos employeurs.
Creators
Yale University
For more than 300 years, Yale University has inspired the minds that inspire the world. Based in New Haven, Connecticut, Yale brings people and ideas together for positive impact around the globe. A research university that focuses on students and encourages learning as an essential way of life, Yale is a place for connection, creativity, and innovation among cultures and across disciplines.
Ratings and Reviews
Great lecture by great teachers!
A course given by those involved in such critical conditions was fascinating and extremely helpful.
This course is a must for every finance student to understand the dynamics of the crisis. It would help you to understand the various indicators better and that how various events would affect you personally. It breaks down the complex and some what messy financial crisis into small link able events which enhances your understanding dramatically. The faculty is engaging and the insights from Timothy Geithner are valuable and first hand.
Coursera provides universal access to the world’s best education,
partnering with top universities and organizations to offer courses online.
© 2018 Coursera Inc. All rights reserved.
R
Excellent course, good professors