Great course indeed. I was following the materials and videos of the crisis for a long time and this course perfectly summarized everthing back by data analysis. Highly recommended to all enthusiasts.
Excellent course on the GFC, I would highly recommend this to anyone wanting to learn more about the crisis. The instructors were very good and took a complex subject and made it very understandable.
By Fred V•
This course tells a lot about the future historiography of the 2007 crisis. However, there is a lot about factual details, but a deafening silence about the shortcomings of the US and international financial systems. Notably about consumer protection in the US, and lack thereof. Also notably about the shortcomings of the Basel II Accord.
As for the discussion forum: it is mentored and moderated in the 'Agitprop' style (Agitprop: Ministry of Agitation and Propaganda, 'communication' organ of the North Korea State). It is not geared as a complement of the lectures or a discussion forum, but as a way to push people into thinking whatever, in a directive, patronising and childish way.
By Tom B•
Some good information but very much a political course, not much of an economics course. Stating, as if it is a given, late in the course, that there are times when it is okay to introduce a moral hazard. Erroneously defining fiat money early in the course. Stating, again as if it were a given, that deficit spending is naturally the right answer to a crisis. When politicians and their pawns develop a course should we be surprised that the answer is always more government intervention? Oh, if only we had more tools to stop this, never realizing their role in creating the crisis.
By Jonathan G•
interesting course. However it dosen't take 11 modules to explain it. This was BORING AS HELL! here is how you solve the financial crisis: First, only buy what you need. Second make your own jobs if you cannot find one. Find a skill you are good at and make that your job. Third, paper money is going to be worthless soon anyway so either use bartering or some other form of currency. This will probably happen pretty soon. If one currency collapses another form of currency takes its place.
By Kaiquan M•
There was no engagement between the course instructors and students at all. It felt like students were running the whole show and discussion forums.