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The Global Financial Crisis

Yale University

About this Course

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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.

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Approx. 63 hours to complete

English

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Skills you will gain

Crisis
Global Financial Crisis
Financial Markets
Financial Crisis

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 63 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructors

Instructor rating

4.83/5 (232 Ratings)

Andrew Metrick

Michael H. Jordan Professor of Finance and Management

Yale School of Management

118,948 Learners

1 Course

Timothy Geithner

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

Yale School of Management

118,948 Learners

1 Course

Offered by

Yale University

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Syllabus - What you will learn from this course

Content Rating97%(17,670 ratings)

Week1

Week 1

2 hours to complete

Introduction to The Global Financial Crisis

2 hours to complete

6 videos (Total 76 min), 5 readings

4 hours to complete

The Common Causes of Financial Crises

4 hours to complete

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

5 videos

Lecture: Why Does This Matter?8mLecture: What Causes Financial Crises? Part 16mLecture: What Causes Financial Crises? Part 26mLecture: Causes of the 2008-2009 Financial Crisis5mLecture: What did We Miss and Why Did We Miss it?6m

2 readings

Why study the Global Financial Crisis? Slides10mSuggested Readings10m

6 practice exercises

Module 2, Quiz 130mModule 2, Quiz 230mModule 2, Quiz 330mModule 2, Quiz 430mModule 2, Quiz 530mModule 2, Wrap Up30m

Week2

Week 2

5 hours to complete

Housing and Mortgages

5 hours to complete

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

9 videos

Introduction: Housing and Mortgages2mLecture: Housing Bubbles and Financial Crises3mLecture: Mortgages: Fixed and Adjustable6mLecture: Prime Mortgages3mLecture: Nonprime Mortgages4mLecture: Why Subprime Mortgages?8mLecture: Some Foreclosure Facts6mLecture: Crisis Terminology3mSummary: Housing and Mortgages1m

2 readings

Housing and Mortgages Slides10mSuggested Readings10m

8 practice exercises

Module 3, Quiz 130mModule 3, Quiz 230mModule 3, Quiz 330mModule 3, Quiz 430mModule 3, Quiz 530mModule 3, Quiz 630mModule 3, Quiz 730mModule 3, Wrap Up30m

Week3

Week 3

7 hours to complete

Safe Assets and the Global Savings Glut

7 hours to complete

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

12 videos

Introduction: Safe Assets and the Global Savings Glut2mLecture: Shadow Banking9mLecture: Safe Assets6mLecture: The Global Savings Glut Hypothesis7mLecture: Global Savings Glut Data, Part I8mLecture: Global Savings Glut Data, Part II2mLecture: Safe Asset Supply4mLecture: Manufacturing Safe Assets4mLecture: Securitization: Overview6mLecture: Securitization: Data, Part I3mLecture: Securitization: Data, Part II4mSummary: Safe Assets and the Global Savings Glut2m

2 readings

Safe Assets and the Global Savings Glut Slides10mSuggested Readings10m

11 practice exercises

Module 4, Quiz 130mModule 4, Quiz 230mModule 4, Quiz 330mModule 4, Quiz 430mModule 4, Quiz 530mModule 4, Quiz 630mModule 4, Quiz 730mModule 4, Quiz 830mModule 4, Quiz 930mModule 4, Quiz 1030mModule 4, Wrap Up30m

Week4

Week 4

6 hours to complete

The Housing Crisis

6 hours to complete

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

10 videos

Introduction: The Housing Crisis1mLecture: What Caused the Housing Crisis2mLecture: 3 Hypotheses8mLecture: Bad Behavior, Part I6mLecture: Hypothesis 1: Bad Behavior, Part II5mLecture: Bad Behavior, Part III5mLecture: Government Failure, Part I3mLecture: Hypothesis 2: Government Failure, Part II6mLecture: Hypothesis 3: Bubble Thinking9mSummary: The Housing Crisis1m

2 readings

The Housing Crisis Slides10mSuggested Readings10m

9 practice exercises

Module 5, Quiz 130mModule 5, Quiz 230mModule 5, Quiz 330mModule 5, Quiz 430mModule 5, Quiz 530mModule 5, Quiz 630mModule 5, Quiz 730mModule 5, Quiz 830mModule 5, Wrap Up30m

Week5

Week 5

7 hours to complete

Anxiety, Part I

7 hours to complete

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

12 videos

Introduction: Anxiety, Part I3mLecture: Some Notable Events in 20075mLecture: ABX4mLecture: ABX Data7mLecture: Anxiety Spreads to Interbank Markets6mLecture: LIBOR-OIS4mLecture: LIBOR-OIS Data4mLecture: Asset-Backed Commercial Paper7mLecture: ABCP Data4mLecture: ABCP Runs, Part I6mLecture: ABCP Runs, Part II4mLecture: Module 6 Summary2m

2 readings

Anxiety, Part I Slides10mSuggested Readings10m

11 practice exercises

Module 6, Quiz 130mModule 6, Quiz 230mModule 6, Quiz 330mModule 6, Quiz 430mModule 6, Quiz 530mModule 6, Quiz 630mModule 6, Quiz 730mModule 6, Quiz 830mModule 6, Quiz 930mModule 6, Quiz 1030mModule 6, Wrap Up30m

Week6

Week 6

5 hours to complete

Anxiety, Part II

5 hours to complete

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

9 videos

Introduction: Anxiety, Part II3mLecture: Northern Rock: Narrative5mLecture: Northern Rock and the Global Financial Crisis8mLecture: The "Monolines"5mLecture: Auction Rate Securities8mLecture: Bear Stearns, Part I4mLecture: Bear Stearns, Part II8mLecture: Bear Stearns, Part III2mSummary: Anxiety, Part II2m

2 readings

Anxiety, Part II Slides10mSuggested Reading10m

8 practice exercises

Module 7, Quiz 130mModule 7, Quiz 230mModule 7, Quiz 330mModule 7, Quiz 430mModule 7, Quiz 530mModule 7, Quiz 630mModule 7, Quiz 730mModule 7, Wrap Up30m

Week7

Week 7

6 hours to complete

Panic

6 hours to complete

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

9 videos

Introduction: Panic1mLecture: Shadow Banking7mLecture: Repo9mLecture: The GSEs5mLecture: Lehman Brothers8mLecture: MMMFs9mLecture: AIG4mLecture: The Run on Repo8mLecture: Module 8 Summary5m

2 readings

Panic Slides10mSuggested Readings10m

9 practice exercises

Module 8, Quiz 130mModule 8, Quiz 230mModule 8, Quiz 330mModule 8, Quiz 430mModule 8, Quiz 530mModule 8, Quiz 630mModule 8, Quiz 730mModule 8, Quiz 830mModule 8, Wrap Up30m

Week8

Week 8

7 hours to complete

Our Responses to the Crisis

7 hours to complete

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

10 videos

Lecture: United States Financial Capacity6mLecture: Phase 1: Letting It Burn5mLecture: Phase 1: Letting it Burn - Framework for Crisis Resolution6mLecture: Phase 2: Early Escalation - The Policy Response2mLecture: Phase 3: Breaking the Panic - Market Developments4mLecture: Triage in a Panic6mLecture: Phase 4: Resolution - Market Developments3mLecture: Phase 4: Resolution: What We Did2mLecture: The Stress Test7mLecture: Housing Response11m

2 readings

Our Responses to the Crisis Slides10mSuggested Readings10m

11 practice exercises

Module 9, Quiz 130mModule 9, Quiz 230mModule 9, Quiz 330mModule 9, Quiz 430mModule 9, Quiz 530mModule 9, Quiz 630mModule 9, Quiz 730mModule 9, Quiz 830mModule 9, Quiz 930mModule 9, Quiz 1030mModule 9, Wrap Up30m

Week9

Week 9

4 hours to complete

Responding to Future Crises

4 hours to complete

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

6 videos

Lecture: What Have We Learned? Outcomes: Prisms 1-58mLecture: What Have We Learned? Outcomes: Prisms 6-1010mLecture: Unfinished Business3mLecture: Playbook: Rule 1-58mLecture: Playbook: Rule 6-107mLecture: Responding to Future Crises Conclusion3m

1 reading

Responding to Future Crises Slides10m

6 practice exercises

Module 10, Quiz 130mModule 10, Quiz 230mModule 10, Quiz 330mModule 10, Quiz 430mModule 10, Quiz 530mModule 10, Wrap Up30m

Week10

Week 10

4 hours to complete

Europe in the Global Financial Crisis

4 hours to complete

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

8 videos

Introduction: Europe in the Global Financial Crisis2mLecture: The Euro: Background2mLecture: European Growth and Unemployment5mLecture: Three Connected Crises5mLecture: Timeline4mLecture: Ireland7mLecture: Iceland7mSummary: Europe in the Global Financial Crisis1m

2 readings

Europe in the Global Financial Crisis Slides10mSuggested Readings10m

7 practice exercises

Module 11, Quiz 130mModule 11, Quiz 230mModule 11, Quiz 330mModule 11, Quiz 430mModule 11, Quiz 530mModule 11, Quiz 630mModule 11, Wrap Up30m

Week11

Week 11

7 hours to complete

The Eurozone Crisis

7 hours to complete

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

12 videos

Introduction: The Eurozone Crisis1mLecture: Eurozone Crisis: Overview2mLecture: Eurozone Crisis: Timeline, Part I7mLecture: Eurozone Crisis: Timeline, Part II4mLecture: Eurozone Crisis: Timeline, Part III1mThe Economics of the Euro8mLecture: Ireland and Iceland Revisited, Part I4mLecture: Ireland and Iceland Revisited, Part II6mLecture: Ireland and Iceland Revisited, Aftermath1mLecture: Internal Devaluations4mThe Euro and the Gold Standard: Lessons from the Great Depression8mSummary: The Eurozone Crisis1m

2 readings

The Eurozone Crisis Slides10mSuggested Readings10m

11 practice exercises

Module 12, Quiz 130mModule 12, Quiz 230mModule 12, Quiz 330mModule 12, Quiz 430mModule 12, Quiz 530mModule 12, Quiz 630mModule 12, Quiz 730mModule 12, Quiz 830mModule 12, Quiz 930mModule 12, Quiz 1030mModule 12, Wrap Up30m

1 hour to complete

Course Summary

1 hour to complete

1 video (Total 13 min), 2 readings

Reviews

4.8

460 reviews

5 stars
84.72%
4 stars
12.93%
3 stars
1.66%
2 stars
0.40%
1 star
0.27%

TOP REVIEWS FROM THE GLOBAL FINANCIAL CRISIS

by SDFeb 20, 2016

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.

Thank you.

by KKJul 17, 2017

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

by CKFeb 6, 2019

The course gives you the clear picture of what had happened during Financial Crisis and the best part is what should have/ what action need to be taken for future crisis.

by JTJan 20, 2016

An excellent overview of the crisis from the perspective of those who working the issues at the highest level. Both instructors are going to keep you interested throughout the sessions.

View all reviews

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
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.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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The Global Financial Crisis

The Global Financial Crisis

About this Course

Skills you will gain