The Global Financial Crisis
School: Yale University
Registration Link: REGISTER HERE
Start Date: December 7, 2015 (11 Weeks Long)
Workload: 4-6 Hours Per Week
Grades: Not specified.
Instructors: Andrew Metrick and Timothy Geithner
Credentials: Metrick is a deputy dean and professor of finance and management at the Yale School of Management. His research focuses on financial stability, particularly the causes and effects of the 2008 financial meltdown. Holding a Ph.D. in Economics, Metrick spent 18 years teaching at the Wharton School of Business and another five years at the Harvard Business School, earning the highest teaching awards at each school. From 2009-2010, he also served as the chief economist for the Council of Economic Affairs.
Geithner served as the Secretary of Treasure from 2009-2013 during the height of the financial crisis. In this role, he helped allocate TARP bank bailout funds and developed strategies to soften the impact of toxic assets. During the crisis, he was President of the Federal Reserve Bank of New York. Geithner also held the position of Under Secretary of the Treasury for International Affairs during the second term of the Clinton administration. He is currently the President and Managing Director of Warburg Pincus.
Description: Remember the fall of 2008? As debt amassed and risk skyrocketed, the housing bubble finally burst, taking Bear Stearns and Lehman Brothers with it. As America reeled, the public was introduced to terms like “toxic assets” and “too big to fail.” But what were the causes of the global financial crisis? Why did so many people miss the signs? How did the crisis irrevocably change the markets? And could it all happen again? Those are the key questions answered in this course, featuring Tim Geithner – the man in the middle of the storm. During this course, students will be exposed to the key drivers to the crisis, along with examining just how interconnected the financial system is, the impact and limitations of government regulation and policy, and the lessons learned from debacle.
Review: “Overall, an easy and quick course with very interesting material. I learned a lot, and their conclusions felt well motivated, drawing on research reports, and presented in lots of graphs and diagrams. Time well spent for me!” For additional reviews, click here.