The Global Financial Crisis

The Global Financial Crisis

Instructors: Andrew Metrick

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132,958 already enrolled

13 modules

Gain insight into a topic and learn the fundamentals.

2,333 reviews

6 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

97%

Most learners liked this course

13 modules

Gain insight into a topic and learn the fundamentals.

2,333 reviews

6 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

97%

Most learners liked this course

Skills you'll gain

Financial Regulation
Crisis Management
Mortgage Loans
Economics
International Finance
Risk Management Framework
Financial Market
Public Policies
Consumer Lending
Financial Systems
Credit Risk
Financial Policy
Financial Analysis
Banking
Skills section collapsed. Showing 10 of 14 skills.

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Assessments

97 assignments

Taught in English

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There are 13 modules in 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.

What's included

6 videos6 readings

6 videos Total 76 minutes

Introduction to The Global Financial Crisis 7 minutes
Lecture: What is a Financial Crisis? 4 minutes
Lecture: Why Study the Global Financial Crisis? 2 minutes
Lecture: Course Themes 7 minutes
Lecture: Course Organization 6 minutes
Question and Answer 51 minutes

6 readings Total 60 minutes

Introduction to The Global Financial Crisis Slides 10 minutes
Suggested Readings 10 minutes
Disclaimer 10 minutes
Silicon Valley Bank 10 minutes
Before You Begin 10 minutes
Recommended Additional Readings 10 minutes

What's included

5 videos2 readings6 assignments

5 videos Total 33 minutes

Lecture: Why Does This Matter? 9 minutes
Lecture: What Causes Financial Crises? Part 1 7 minutes
Lecture: What Causes Financial Crises? Part 2 7 minutes
Lecture: Causes of the 2008-2009 Financial Crisis 5 minutes
Lecture: What did We Miss and Why Did We Miss it? 6 minutes

2 readings Total 20 minutes

Why study the Global Financial Crisis? Slides 10 minutes
Suggested Readings 10 minutes

6 assignments Total 166 minutes

Module 2, Quiz 1 30 minutes
Module 2, Quiz 2 30 minutes
Module 2, Quiz 3 30 minutes
Module 2, Quiz 4 30 minutes
Module 2, Quiz 5 30 minutes
Module 2, Wrap Up 16 minutes

What's included

9 videos2 readings8 assignments

9 videos Total 40 minutes

Introduction: Housing and Mortgages 2 minutes
Lecture: Housing Bubbles and Financial Crises 3 minutes
Lecture: Mortgages: Fixed and Adjustable 7 minutes
Lecture: Prime Mortgages 4 minutes
Lecture: Nonprime Mortgages 5 minutes
Lecture: Why Subprime Mortgages? 8 minutes
Lecture: Some Foreclosure Facts 7 minutes
Lecture: Crisis Terminology 3 minutes
Summary: Housing and Mortgages 1 minute

2 readings Total 20 minutes

Housing and Mortgages Slides 10 minutes
Suggested Readings 10 minutes

8 assignments Total 240 minutes

Module 3, Quiz 1 30 minutes
Module 3, Quiz 2 30 minutes
Module 3, Quiz 3 30 minutes
Module 3, Quiz 4 30 minutes
Module 3, Quiz 5 30 minutes
Module 3, Quiz 6 30 minutes
Module 3, Quiz 7 30 minutes
Module 3, Wrap Up 30 minutes

What's included

12 videos2 readings11 assignments

12 videos Total 62 minutes

Introduction: Safe Assets and the Global Savings Glut 2 minutes
Lecture: Shadow Banking 9 minutes
Lecture: Safe Assets 6 minutes
Lecture: The Global Savings Glut Hypothesis 7 minutes
Lecture: Global Savings Glut Data, Part I 8 minutes
Lecture: Global Savings Glut Data, Part II 3 minutes
Lecture: Safe Asset Supply 4 minutes
Lecture: Manufacturing Safe Assets 5 minutes
Lecture: Securitization: Overview 6 minutes
Lecture: Securitization: Data, Part I 3 minutes
Lecture: Securitization: Data, Part II 4 minutes
Summary: Safe Assets and the Global Savings Glut 3 minutes

2 readings Total 20 minutes

Safe Assets and the Global Savings Glut Slides 10 minutes
Suggested Readings 10 minutes

11 assignments Total 330 minutes

Module 4, Quiz 1 30 minutes
Module 4, Quiz 2 30 minutes
Module 4, Quiz 3 30 minutes
Module 4, Quiz 4 30 minutes
Module 4, Quiz 5 30 minutes
Module 4, Quiz 6 30 minutes
Module 4, Quiz 7 30 minutes
Module 4, Quiz 8 30 minutes
Module 4, Quiz 9 30 minutes
Module 4, Quiz 10 30 minutes
Module 4, Wrap Up 30 minutes

What's included

10 videos2 readings9 assignments

10 videos Total 52 minutes

Introduction: The Housing Crisis 2 minutes
Lecture: What Caused the Housing Crisis 2 minutes
Lecture: 3 Hypotheses 9 minutes
Lecture: Bad Behavior, Part I 7 minutes
Lecture: Hypothesis 1: Bad Behavior, Part II 6 minutes
Lecture: Bad Behavior, Part III 5 minutes
Lecture: Government Failure, Part I 3 minutes
Lecture: Hypothesis 2: Government Failure, Part II 6 minutes
Lecture: Hypothesis 3: Bubble Thinking 10 minutes
Summary: The Housing Crisis 2 minutes

2 readings Total 20 minutes

The Housing Crisis Slides 10 minutes
Suggested Readings 10 minutes

9 assignments Total 270 minutes

Module 5, Quiz 1 30 minutes
Module 5, Quiz 2 30 minutes
Module 5, Quiz 3 30 minutes
Module 5, Quiz 4 30 minutes
Module 5, Quiz 5 30 minutes
Module 5, Quiz 6 30 minutes
Module 5, Quiz 7 30 minutes
Module 5, Quiz 8 30 minutes
Module 5, Wrap Up 30 minutes

What's included

12 videos2 readings11 assignments

12 videos Total 61 minutes

Introduction: Anxiety, Part I 3 minutes
Lecture: Some Notable Events in 2007 5 minutes
Lecture: ABX 4 minutes
Lecture: ABX Data 7 minutes
Lecture: Anxiety Spreads to Interbank Markets 7 minutes
Lecture: LIBOR-OIS 5 minutes
Lecture: LIBOR-OIS Data 5 minutes
Lecture: Asset-Backed Commercial Paper 8 minutes
Lecture: ABCP Data 5 minutes
Lecture: ABCP Runs, Part I 7 minutes
Lecture: ABCP Runs, Part II 4 minutes
Lecture: Module 6 Summary 2 minutes

2 readings Total 20 minutes

Anxiety, Part I Slides 10 minutes
Suggested Readings 10 minutes

11 assignments Total 304 minutes

Module 6, Quiz 1 30 minutes
Module 6, Quiz 2 30 minutes
Module 6, Quiz 3 30 minutes
Module 6, Quiz 4 30 minutes
Module 6, Quiz 5 30 minutes
Module 6, Quiz 6 30 minutes
Module 6, Quiz 7 4 minutes
Module 6, Quiz 8 30 minutes
Module 6, Quiz 9 30 minutes
Module 6, Quiz 10 30 minutes
Module 6, Wrap Up 30 minutes

What's included

9 videos2 readings8 assignments

9 videos Total 48 minutes

Introduction: Anxiety, Part II 3 minutes
Lecture: Northern Rock: Narrative 5 minutes
Lecture: Northern Rock and the Global Financial Crisis 9 minutes
Lecture: The "Monolines" 5 minutes
Lecture: Auction Rate Securities 8 minutes
Lecture: Bear Stearns, Part I 5 minutes
Lecture: Bear Stearns, Part II 8 minutes
Lecture: Bear Stearns, Part III 2 minutes
Summary: Anxiety, Part II 2 minutes

2 readings Total 20 minutes

Anxiety, Part II Slides 10 minutes
Suggested Reading 10 minutes

8 assignments Total 240 minutes

Module 7, Quiz 1 30 minutes
Module 7, Quiz 2 30 minutes
Module 7, Quiz 3 30 minutes
Module 7, Quiz 4 30 minutes
Module 7, Quiz 5 30 minutes
Module 7, Quiz 6 30 minutes
Module 7, Quiz 7 30 minutes
Module 7, Wrap Up 30 minutes

What's included

9 videos2 readings9 assignments

9 videos Total 63 minutes

Introduction: Panic 2 minutes
Lecture: Shadow Banking 8 minutes
Lecture: Repo 10 minutes
Lecture: The GSEs 5 minutes
Lecture: Lehman Brothers 9 minutes
Lecture: MMMFs 10 minutes
Lecture: AIG 5 minutes
Lecture: The Run on Repo 9 minutes
Lecture: Module 8 Summary 6 minutes

2 readings Total 20 minutes

Panic Slides 10 minutes
Suggested Readings 10 minutes

9 assignments Total 244 minutes

Module 8, Quiz 1 30 minutes
Module 8, Quiz 2 30 minutes
Module 8, Quiz 3 30 minutes
Module 8, Quiz 4 30 minutes
Module 8, Quiz 5 4 minutes
Module 8, Quiz 6 30 minutes
Module 8, Quiz 7 30 minutes
Module 8, Quiz 8 30 minutes
Module 8, Wrap Up 30 minutes

What's included

10 videos2 readings11 assignments

10 videos Total 57 minutes

Lecture: United States Financial Capacity 6 minutes
Lecture: Phase 1: Letting It Burn 5 minutes
Lecture: Phase 1: Letting it Burn - Framework for Crisis Resolution 6 minutes
Lecture: Phase 2: Early Escalation - The Policy Response 3 minutes
Lecture: Phase 3: Breaking the Panic - Market Developments 4 minutes
Lecture: Triage in a Panic 7 minutes
Lecture: Phase 4: Resolution - Market Developments 4 minutes
Lecture: Phase 4: Resolution: What We Did 2 minutes
Lecture: The Stress Test 7 minutes
Lecture: Housing Response 12 minutes

2 readings Total 20 minutes

Our Responses to the Crisis Slides 10 minutes
Suggested Readings 10 minutes

11 assignments Total 330 minutes

Module 9, Quiz 1 30 minutes
Module 9, Quiz 2 30 minutes
Module 9, Quiz 3 30 minutes
Module 9, Quiz 4 30 minutes
Module 9, Quiz 5 30 minutes
Module 9, Quiz 6 30 minutes
Module 9, Quiz 7 30 minutes
Module 9, Quiz 8 30 minutes
Module 9, Quiz 9 30 minutes
Module 9, Quiz 10 30 minutes
Module 9, Wrap Up 30 minutes

What's included

7 videos1 reading6 assignments

7 videos Total 128 minutes

Lecture: What Have We Learned? Outcomes: Prisms 1-5 8 minutes
Lecture: What Have We Learned? Outcomes: Prisms 6-10 10 minutes
Lecture: Unfinished Business 3 minutes
Lecture: Playbook: Rule 1-5 9 minutes
Lecture: Playbook: Rule 6-10 8 minutes
The Failure of Silicon Valley Bank: Everything You Need to Know about Banking and Bailouts 85 minutes
Lecture: Responding to Future Crises Conclusion 4 minutes

1 reading Total 10 minutes

Responding to Future Crises Slides 10 minutes

6 assignments Total 180 minutes

Module 10, Quiz 1 30 minutes
Module 10, Quiz 2 30 minutes
Module 10, Quiz 3 30 minutes
Module 10, Quiz 4 30 minutes
Module 10, Quiz 5 30 minutes
Module 10, Wrap Up 30 minutes

What's included

8 videos2 readings7 assignments

8 videos Total 37 minutes

Introduction: Europe in the Global Financial Crisis 2 minutes
Lecture: The Euro: Background 3 minutes
Lecture: European Growth and Unemployment 6 minutes
Lecture: Three Connected Crises 5 minutes
Lecture: Timeline 5 minutes
Lecture: Ireland 7 minutes
Lecture: Iceland 8 minutes
Summary: Europe in the Global Financial Crisis 1 minute

2 readings Total 20 minutes

Europe in the Global Financial Crisis Slides 10 minutes
Suggested Readings 10 minutes

7 assignments Total 210 minutes

Module 11, Quiz 1 30 minutes
Module 11, Quiz 2 30 minutes
Module 11, Quiz 3 30 minutes
Module 11, Quiz 4 30 minutes
Module 11, Quiz 5 30 minutes
Module 11, Quiz 6 30 minutes
Module 11, Wrap Up 30 minutes

What's included

12 videos2 readings11 assignments

12 videos Total 53 minutes

Introduction: The Eurozone Crisis 2 minutes
Lecture: Eurozone Crisis: Overview 2 minutes
Lecture: Eurozone Crisis: Timeline, Part I 7 minutes
Lecture: Eurozone Crisis: Timeline, Part II 4 minutes
Lecture: Eurozone Crisis: Timeline, Part III 1 minute
The Economics of the Euro 8 minutes
Lecture: Ireland and Iceland Revisited, Part I 4 minutes
Lecture: Ireland and Iceland Revisited, Part II 7 minutes
Lecture: Ireland and Iceland Revisited, Aftermath 2 minutes
Lecture: Internal Devaluations 5 minutes
The Euro and the Gold Standard: Lessons from the Great Depression 8 minutes
Summary: The Eurozone Crisis 1 minute

2 readings Total 20 minutes

The Eurozone Crisis Slides 10 minutes
Suggested Readings 10 minutes

11 assignments Total 330 minutes

Module 12, Quiz 1 30 minutes
Module 12, Quiz 2 30 minutes
Module 12, Quiz 3 30 minutes
Module 12, Quiz 4 30 minutes
Module 12, Quiz 5 30 minutes
Module 12, Quiz 6 30 minutes
Module 12, Quiz 7 30 minutes
Module 12, Quiz 8 30 minutes
Module 12, Quiz 9 30 minutes
Module 12, Quiz 10 30 minutes
Module 12, Wrap Up 30 minutes

Course Summary

What's included

1 video1 reading

Instructors

Instructor ratings

(269 ratings)

Andrew Metrick

Yale University

1 Course 132,958 learners

Timothy Geithner

Yale University

1 Course 132,958 learners

Offered by

Yale University

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Reviewed on Jan 10, 2017

Excellent course. A real privilege to have this kind of instructors. Exceptional opportunity to receive information directly from one of the main protagonists of the event.

Reviewed on Aug 31, 2018

This is a very interesting course with a very informative professor and instructor. I just received “The Stress Test” in the mail, but have not started reading it.

Reviewed on Jul 22, 2017

The method of instruction and excellent communication of the instructors allowed for me to understand and retain more about this very complex topic than I had imagined I would.

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