About this Course

48,197 recent views

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.

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 25 hours to complete

Suggested: 11 weeks of study, 4-6 hours/week...

English

Subtitles: English, Romanian

Learners taking this Course are

Economists
Traders
Financial Advisors
Risk Managers
Financial Analysts

Skills you will gain

CrisisGlobal Financial CrisisFinancial MarketsFinancial Crisis

Learners taking this Course are

Economists
Traders
Financial Advisors
Risk Managers
Financial Analysts

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 25 hours to complete

Suggested: 11 weeks of study, 4-6 hours/week...

English

Subtitles: English, Romanian

Syllabus - What you will learn from this course

Week

1

2 hours to complete

Introduction to The Global Financial Crisis

6 videos (Total 76 min), 5 readings

6 videos

Introduction to The Global Financial Crisis7m

Lecture: What is a Financial Crisis?3m

Lecture: Why Study the Global Financial Crisis?2m

Lecture: Course Themes6m

Lecture: Course Organization5m

Question and Answer50m

5 readings

Introduction to The Global Financial Crisis Slides10m

Suggested Readings10m

Pre-Course Survey10m

Before You Begin10m

The Common Causes of Financial Crises

5 videos (Total 33 min), 2 readings, 6 quizzes

5 videos

Lecture: Why Does This Matter?8m

Lecture: What Causes Financial Crises? Part 16m

Lecture: What Causes Financial Crises? Part 26m

Lecture: Causes of the 2008-2009 Financial Crisis5m

Lecture: What did We Miss and Why Did We Miss it?6m

2 readings

Why study the Global Financial Crisis? Slides10m

Suggested Readings10m

6 practice exercises

Module 2, Quiz 14m

Module 2, Quiz 24m

Module 2, Quiz 34m

Module 2, Quiz 44m

Module 2, Quiz 54m

Module 2, Wrap Up16m

Week

2

2 hours to complete

Housing and Mortgages

9 videos (Total 40 min), 2 readings, 8 quizzes

9 videos

Introduction: Housing and Mortgages2m

Lecture: Housing Bubbles and Financial Crises3m

Lecture: Mortgages: Fixed and Adjustable6m

Lecture: Prime Mortgages3m

Lecture: Nonprime Mortgages4m

Lecture: Why Subprime Mortgages?8m

Lecture: Some Foreclosure Facts6m

Lecture: Crisis Terminology3m

Summary: Housing and Mortgages1m

2 readings

Housing and Mortgages Slides10m

Suggested Readings10m

8 practice exercises

Module 3, Quiz 14m

Module 3, Quiz 24m

Module 3, Quiz 34m

Module 3, Quiz 44m

Module 3, Quiz 54m

Module 3, Quiz 64m

Module 3, Quiz 72m

Module 3, Wrap Up16m

Week

3

2 hours to complete

Safe Assets and the Global Savings Glut

12 videos (Total 62 min), 2 readings, 11 quizzes

12 videos

Introduction: Safe Assets and the Global Savings Glut2m

Lecture: Shadow Banking9m

Lecture: Safe Assets6m

Lecture: The Global Savings Glut Hypothesis7m

Lecture: Global Savings Glut Data, Part I8m

Lecture: Global Savings Glut Data, Part II2m

Lecture: Safe Asset Supply4m

Lecture: Manufacturing Safe Assets4m

Lecture: Securitization: Overview6m

Lecture: Securitization: Data, Part I3m

Lecture: Securitization: Data, Part II4m

Summary: Safe Assets and the Global Savings Glut2m

2 readings

Safe Assets and the Global Savings Glut Slides10m

Suggested Readings10m

11 practice exercises

Module 4, Quiz 14m

Module 4, Quiz 24m

Module 4, Quiz 34m

Module 4, Quiz 44m

Module 4, Quiz 54m

Module 4, Quiz 64m

Module 4, Quiz 74m

Module 4, Quiz 84m

Module 4, Quiz 94m

Module 4, Quiz 104m

Module 4, Wrap Up20m

Week

4

2 hours to complete

The Housing Crisis

10 videos (Total 52 min), 2 readings, 9 quizzes

10 videos

Introduction: The Housing Crisis1m

Lecture: What Caused the Housing Crisis2m

Lecture: 3 Hypotheses8m

Lecture: Bad Behavior, Part I6m

Lecture: Hypothesis 1: Bad Behavior, Part II5m

Lecture: Bad Behavior, Part III5m

Lecture: Government Failure, Part I3m

Lecture: Hypothesis 2: Government Failure, Part II6m

Lecture: Hypothesis 3: Bubble Thinking9m

Summary: The Housing Crisis1m

2 readings

The Housing Crisis Slides10m

Suggested Readings10m

9 practice exercises

Module 5, Quiz 14m

Module 5, Quiz 24m

Module 5, Quiz 34m

Module 5, Quiz 44m

Module 5, Quiz 54m

Module 5, Quiz 64m

Module 5, Quiz 74m

Module 5, Quiz 84m

Module 5, Wrap Up16m

Week

5

2 hours to complete

Anxiety, Part I

12 videos (Total 61 min), 2 readings, 11 quizzes

12 videos

Introduction: Anxiety, Part I3m

Lecture: Some Notable Events in 20075m

Lecture: ABX4m

Lecture: ABX Data7m

Lecture: Anxiety Spreads to Interbank Markets6m

Lecture: LIBOR-OIS4m

Lecture: LIBOR-OIS Data4m

Lecture: Asset-Backed Commercial Paper7m

Lecture: ABCP Data4m

Lecture: ABCP Runs, Part I6m

Lecture: ABCP Runs, Part II4m

Lecture: Module 6 Summary2m

2 readings

Anxiety, Part I Slides10m

Suggested Readings10m

11 practice exercises

Module 6, Quiz 14m

Module 6, Quiz 24m

Module 6, Quiz 34m

Module 6, Quiz 44m

Module 6, Quiz 54m

Module 6, Quiz 64m

Module 6, Quiz 74m

Module 6, Quiz 84m

Module 6, Quiz 94m

Module 6, Quiz 104m

Module 6, Wrap Up16m

Week

6

2 hours to complete

Anxiety, Part II

9 videos (Total 48 min), 2 readings, 8 quizzes

9 videos

Introduction: Anxiety, Part II3m

Lecture: Northern Rock: Narrative5m

Lecture: Northern Rock and the Global Financial Crisis8m

Lecture: The "Monolines"5m

Lecture: Auction Rate Securities8m

Lecture: Bear Stearns, Part I4m

Lecture: Bear Stearns, Part II8m

Lecture: Bear Stearns, Part III2m

Summary: Anxiety, Part II2m

2 readings

Anxiety, Part II Slides10m

Panic

9 videos (Total 63 min), 2 readings, 9 quizzes

9 videos

Introduction: Panic1m

Lecture: Shadow Banking7m

Lecture: Repo9m

Lecture: The GSEs5m

Lecture: Lehman Brothers8m

Lecture: MMMFs9m

Lecture: AIG4m

Lecture: The Run on Repo8m

Lecture: Module 8 Summary5m

2 readings

Panic Slides10m

Suggested Readings10m

9 practice exercises

Module 8, Quiz 14m

Module 8, Quiz 24m

Module 8, Quiz 34m

Module 8, Quiz 44m

Module 8, Quiz 54m

Module 8, Quiz 64m

Module 8, Quiz 74m

Module 8, Quiz 84m

Module 8, Wrap Up16m

Week

8

2 hours to complete

Our Responses to the Crisis

10 videos (Total 57 min), 2 readings, 11 quizzes

10 videos

Lecture: United States Financial Capacity6m

Lecture: Phase 1: Letting It Burn5m

Lecture: Phase 1: Letting it Burn - Framework for Crisis Resolution6m

Lecture: Phase 2: Early Escalation - The Policy Response2m

Lecture: Phase 3: Breaking the Panic - Market Developments4m

Lecture: Triage in a Panic6m

Lecture: Phase 4: Resolution - Market Developments3m

Lecture: Phase 4: Resolution: What We Did2m

Lecture: The Stress Test7m

Lecture: Housing Response11m

2 readings

Our Responses to the Crisis Slides10m

Suggested Readings10m

11 practice exercises

Module 9, Quiz 14m

Module 9, Quiz 24m

Module 9, Quiz 34m

Module 9, Quiz 44m

Module 9, Quiz 54m

Module 9, Quiz 64m

Module 9, Quiz 74m

Module 9, Quiz 84m

Module 9, Quiz 94m

Module 9, Quiz 104m

Module 9, Wrap Up18m

Week

9

1 hour to complete

Responding to Future Crises

6 videos (Total 42 min), 1 reading, 6 quizzes

6 videos

Lecture: What Have We Learned? Outcomes: Prisms 1-58m

Lecture: What Have We Learned? Outcomes: Prisms 6-1010m

Lecture: Unfinished Business3m

Lecture: Playbook: Rule 1-58m

Lecture: Playbook: Rule 6-107m

Lecture: Responding to Future Crises Conclusion3m

1 reading

Responding to Future Crises Slides10m

6 practice exercises

Module 10, Quiz 14m

Module 10, Quiz 24m

Module 10, Quiz 34m

Module 10, Quiz 44m

Module 10, Quiz 54m

Module 10, Wrap Up16m

Week

10

2 hours to complete

Europe in the Global Financial Crisis

8 videos (Total 37 min), 2 readings, 7 quizzes

8 videos

Introduction: Europe in the Global Financial Crisis2m

Lecture: The Euro: Background2m

Lecture: European Growth and Unemployment5m

Lecture: Three Connected Crises5m

Lecture: Timeline4m

Lecture: Ireland7m

Lecture: Iceland7m

Summary: Europe in the Global Financial Crisis1m

2 readings

Europe in the Global Financial Crisis Slides10m

Suggested Readings10m

7 practice exercises

Module 11, Quiz 14m

Module 11, Quiz 22m

Module 11, Quiz 34m

Module 11, Quiz 44m

Module 11, Quiz 54m

Module 11, Quiz 64m

Module 11, Wrap Up16m

Week

11

2 hours to complete

The Eurozone Crisis

12 videos (Total 53 min), 2 readings, 11 quizzes

12 videos

Introduction: The Eurozone Crisis1m

Lecture: Eurozone Crisis: Overview2m

Lecture: Eurozone Crisis: Timeline, Part I7m

Lecture: Eurozone Crisis: Timeline, Part II4m

Lecture: Eurozone Crisis: Timeline, Part III1m

The Economics of the Euro8m

Lecture: Ireland and Iceland Revisited, Part I4m

Lecture: Ireland and Iceland Revisited, Part II6m

Lecture: Ireland and Iceland Revisited, Aftermath1m

Lecture: Internal Devaluations4m

The Euro and the Gold Standard: Lessons from the Great Depression8m

Summary: The Eurozone Crisis1m

2 readings

The Eurozone Crisis Slides10m

Suggested Readings10m

11 practice exercises

Module 12, Quiz 14m

Module 12, Quiz 24m

Module 12, Quiz 34m

Module 12, Quiz 44m

Module 12, Quiz 54m

Module 12, Quiz 64m

Module 12, Quiz 74m

Module 12, Quiz 84m

Module 12, Quiz 94m

Module 12, Quiz 104m

Module 12, Wrap Up16m

1 hour to complete

Course Summary

1 video (Total 13 min), 2 readings

1 video

Course Summary12m

2 readings

Summary Slides10m

Post-Course Survey10m

Instructors

Andrew Metrick

Michael H. Jordan Professor of Finance and Management

Yale School of Management

Timothy Geithner

Lecturer in Management, Yale SOM, Former U.S. Secretary of the Treasury

Yale School of Management

Frequently Asked Questions

When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?

More questions? Visit the Learner Help Center.

The Global Financial Crisis

100% online

Flexible deadlines

Approx. 25 hours to complete

English

Skills you will gain

100% online

Flexible deadlines

Approx. 25 hours to complete

English

Syllabus - What you will learn from this course

Introduction to The Global Financial Crisis

The Common Causes of Financial Crises

Housing and Mortgages

Safe Assets and the Global Savings Glut

The Housing Crisis

Anxiety, Part I

Anxiety, Part II

Panic

Our Responses to the Crisis

Responding to Future Crises

Europe in the Global Financial Crisis

The Eurozone Crisis

Course Summary

33%

20%

Top reviews from The Global Financial Crisis

Instructors

Andrew Metrick

Timothy Geithner

About Yale University

Frequently Asked Questions