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 ManagementTaught 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
- Reading: Introduction to The Global Financial Crisis Slides
- Reading: Suggested Readings
- Reading: 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
- Reading: Before You Begin
- Video: Question and Answer
- Reading: Recommended Additional Readings
The Common Causes of Financial Crises
5 videos, 2 readings, 5 practice quizzes
- Practice Quiz: Module 2, Quiz 1
- Reading: Why study the Global Financial Crisis? Slides
- Reading: Suggested Readings
- Video: Lecture: What Causes Financial Crises? Part 1
- Practice Quiz: Module 2, Quiz 2
- Video: Lecture: What Causes Financial Crises? Part 2
- Practice Quiz: Module 2, Quiz 3
- Video: Lecture: Causes of the 2008-2009 Financial Crisis
- Practice Quiz: Module 2, Quiz 4
- Video: Lecture: What did We Miss and Why Did We Miss it?
- Practice Quiz: Module 2, Quiz 5
Graded: Module 2, Wrap Up
WEEK 2
Housing and Mortgages
9 videos, 2 readings, 7 practice quizzes
- Reading: Housing and Mortgages Slides
- Reading: Suggested Readings
- Video: Lecture: Housing Bubbles and Financial Crises
- Practice Quiz: Module 3, Quiz 1
- Video: Lecture: Mortgages: Fixed and Adjustable
- Practice Quiz: Module 3, Quiz 2
- Video: Lecture: Prime Mortgages
- Practice Quiz: Module 3, Quiz 3
- Video: Lecture: Nonprime Mortgages
- Practice Quiz: Module 3, Quiz 4
- Video: Lecture: Why Subprime Mortgages?
- Practice Quiz: Module 3, Quiz 5
- Video: Lecture: Some Foreclosure Facts
- Practice Quiz: Module 3, Quiz 6
- Video: Lecture: Crisis Terminology
- Practice Quiz: 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
- Reading: Safe Assets and the Global Savings Glut Slides
- Reading: Suggested Readings
- Video: Lecture: Shadow Banking
- Practice Quiz: Module 4, Quiz 1
- Video: Lecture: Safe Assets
- Practice Quiz: Module 4, Quiz 2
- Video: Lecture: The Global Savings Glut Hypothesis
- Practice Quiz: Module 4, Quiz 3
- Video: Lecture: Global Savings Glut Data, Part I
- Practice Quiz: Module 4, Quiz 4
- Video: Lecture: Global Savings Glut Data, Part II
- Practice Quiz: Module 4, Quiz 5
- Video: Lecture: Safe Asset Supply
- Practice Quiz: Module 4, Quiz 6
- Video: Lecture: Manufacturing Safe Assets
- Practice Quiz: Module 4, Quiz 7
- Video: Lecture: Securitization: Overview
- Practice Quiz: Module 4, Quiz 8
- Video: Lecture: Securitization: Data, Part I
- Practice Quiz: Module 4, Quiz 9
- Video: Lecture: Securitization: Data, Part II
- Practice Quiz: 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
- Reading: The Housing Crisis Slides
- Reading: Suggested Readings
- Video: Lecture: What Caused the Housing Crisis
- Practice Quiz: Module 5, Quiz 1
- Video: Lecture: 3 Hypotheses
- Practice Quiz: Module 5, Quiz 2
- Video: Lecture: Bad Behavior, Part I
- Practice Quiz: Module 5, Quiz 3
- Video: Lecture: Hypothesis 1: Bad Behavior, Part II
- Practice Quiz: Module 5, Quiz 4
- Video: Lecture: Bad Behavior, Part III
- Practice Quiz: Module 5, Quiz 5
- Video: Lecture: Government Failure, Part I
- Practice Quiz: Module 5, Quiz 6
- Video: Lecture: Hypothesis 2: Government Failure, Part II
- Practice Quiz: Module 5, Quiz 7
- Video: Lecture: Hypothesis 3: Bubble Thinking
- Practice Quiz: 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
- Reading: Anxiety, Part I Slides
- Reading: Suggested Readings
- Video: Lecture: Some Notable Events in 2007
- Practice Quiz: Module 6, Quiz 1
- Video: Lecture: ABX
- Practice Quiz: Module 6, Quiz 2
- Video: Lecture: ABX Data
- Practice Quiz: Module 6, Quiz 3
- Video: Lecture: Anxiety Spreads to Interbank Markets
- Practice Quiz: Module 6, Quiz 4
- Video: Lecture: LIBOR-OIS
- Practice Quiz: Module 6, Quiz 5
- Video: Lecture: LIBOR-OIS Data
- Practice Quiz: Module 6, Quiz 6
- Video: Lecture: Asset-Backed Commercial Paper
- Practice Quiz: Module 6, Quiz 7
- Video: Lecture: ABCP Data
- Practice Quiz: Module 6, Quiz 8
- Video: Lecture: ABCP Runs, Part I
- Practice Quiz: Module 6, Quiz 9
- Video: Lecture: ABCP Runs, Part II
- Practice Quiz: 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
- Reading: Anxiety, Part II Slides
- Reading: Suggested Reading
- Video: Lecture: Northern Rock: Narrative
- Practice Quiz: Module 7, Quiz 1
- Video: Lecture: Northern Rock and the Global Financial Crisis
- Practice Quiz: Module 7, Quiz 2
- Video: Lecture: The "Monolines"
- Practice Quiz: Module 7, Quiz 3
- Video: Lecture: Auction Rate Securities
- Practice Quiz: Module 7, Quiz 4
- Video: Lecture: Bear Stearns, Part I
- Practice Quiz: Module 7, Quiz 5
- Video: Lecture: Bear Stearns, Part II
- Practice Quiz: Module 7, Quiz 6
- Video: Lecture: Bear Stearns, Part III
- Practice Quiz: Module 7, Quiz 7
- Video: Summary: Anxiety, Part II
Graded: Module 7, Wrap Up
WEEK 7
Panic
9 videos, 2 readings, 8 practice quizzes
- Reading: Panic Slides
- Reading: Suggested Readings
- Video: Lecture: Shadow Banking
- Practice Quiz: Module 8, Quiz 1
- Video: Lecture: Repo
- Practice Quiz: Module 8, Quiz 2
- Video: Lecture: The GSEs
- Practice Quiz: Module 8, Quiz 3
- Video: Lecture: Lehman Brothers
- Practice Quiz: Module 8, Quiz 4
- Video: Lecture: MMMFs
- Practice Quiz: Module 8, Quiz 5
- Video: Lecture: AIG
- Practice Quiz: Module 8, Quiz 6
- Video: Lecture: The Run on Repo
- Practice Quiz: Module 8, Quiz 7
- Video: Lecture: Module 8 Summary
- Practice Quiz: Module 8, Quiz 8
Graded: Module 8, Wrap Up
WEEK 8
Our Responses to the Crisis
10 videos, 2 readings, 10 practice quizzes
- Practice Quiz: Module 9, Quiz 1
- Reading: Our Responses to the Crisis Slides
- Reading: Suggested Readings
- Video: Lecture: Phase 1: Letting It Burn
- Practice Quiz: Module 9, Quiz 2
- Video: Lecture: Phase 1: Letting it Burn - Framework for Crisis Resolution
- Practice Quiz: Module 9, Quiz 3
- Video: Lecture: Phase 2: Early Escalation - The Policy Response
- Practice Quiz: Module 9, Quiz 4
- Video: Lecture: Phase 3: Breaking the Panic - Market Developments
- Practice Quiz: Module 9, Quiz 5
- Video: Lecture: Triage in a Panic
- Practice Quiz: Module 9, Quiz 6
- Video: Lecture: Phase 4: Resolution - Market Developments
- Practice Quiz: Module 9, Quiz 7
- Video: Lecture: Phase 4: Resolution: What We Did
- Practice Quiz: Module 9, Quiz 8
- Video: Lecture: The Stress Test
- Practice Quiz: Module 9, Quiz 9
- Video: Lecture: Housing Response
- Practice Quiz: Module 9, Quiz 10
Graded: Module 9, Wrap Up
WEEK 9
Responding to Future Crises
6 videos, 1 reading, 5 practice quizzes
- Practice Quiz: Module 10, Quiz 1
- Reading: Responding to Future Crises Slides
- Video: Lecture: What Have We Learned? Outcomes: Prisms 6-10
- Practice Quiz: Module 10, Quiz 2
- Video: Lecture: Unfinished Business
- Practice Quiz: Module 10, Quiz 3
- Video: Lecture: Playbook: Rule 1-5
- Practice Quiz: Module 10, Quiz 4
- Video: Lecture: Playbook: Rule 6-10
- Practice Quiz: 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
- Reading: Europe in the Global Financial Crisis Slides
- Reading: Suggested Readings
- Video: Lecture: The Euro: Background
- Practice Quiz: Module 11, Quiz 1
- Video: Lecture: European Growth and Unemployment
- Practice Quiz: Module 11, Quiz 2
- Video: Lecture: Three Connected Crises
- Practice Quiz: Module 11, Quiz 3
- Video: Lecture: Timeline
- Practice Quiz: Module 11, Quiz 4
- Video: Lecture: Ireland
- Practice Quiz: Module 11, Quiz 5
- Video: Lecture: Iceland
- Practice Quiz: 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
- Reading: The Eurozone Crisis Slides
- Reading: Suggested Readings
- Video: Lecture: Eurozone Crisis: Overview
- Practice Quiz: Module 12, Quiz 1
- Video: Lecture: Eurozone Crisis: Timeline, Part I
- Practice Quiz: Module 12, Quiz 2
- Video: Lecture: Eurozone Crisis: Timeline, Part II
- Practice Quiz: Module 12, Quiz 3
- Video: Lecture: Eurozone Crisis: Timeline, Part III
- Practice Quiz: Module 12, Quiz 4
- Video: The Economics of the Euro
- Practice Quiz: Module 12, Quiz 5
- Video: Lecture: Ireland and Iceland Revisited, Part I
- Practice Quiz: Module 12, Quiz 6
- Video: Lecture: Ireland and Iceland Revisited, Part II
- Practice Quiz: Module 12, Quiz 7
- Video: Lecture: Ireland and Iceland Revisited, Aftermath
- Practice Quiz: Module 12, Quiz 8
- Video: Lecture: Internal Devaluations
- Practice Quiz: Module 12, Quiz 9
- Video: The Euro and the Gold Standard: Lessons from the Great Depression
- Practice Quiz: Module 12, Quiz 10
- Video: Summary: The Eurozone Crisis
Graded: Module 12, Wrap Up
Course Summary
Course Summary
1 video, 2 readings
- Reading: Summary Slides
- Reading: Post-Course Survey
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Ratings and Reviews
I thoroughly enjoyed being part of this course. The information and insights provided through this course into the Global Financial Crisis, has been invaluable.
Admire
This course covers in depth topics regarding The Global Financial Crisis of 2008-2009. The collapse of the global financial system led to a severe downtown of global economies. This course helps to understand the several key reasons as to what caused the crisis. From over-leverage in the investment banks to currency devaluation within the Euro, this course has an excellent presentation in covering these events.
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Professors are great speakers, well informed on the subject matter. The videos are broken into smaller chunks and the slides align well, which makes it easier to complete the exams. Overall, very pleased and learned quite a bit. The multiple choice questions seem to be the most difficult, as you really need to hunt for the answers within the video content.