ECON 491 W: Policy Responses to Global Financial Crises.

The world economy in 2008-09 experienced its most severe recession since the Second World War. More recently, the corona virus and the ensuing need to respond to it have also severely disrupted the world economy. These events have presented the economics profession with a number of unprecedented challenges. This course will ask students to use their knowledge of macro and financial-market economics, as well as econometrics if desired/needed, to evaluate a number of facets of these developments, the various policy responses as well as the recommendations being made regarding both future prevention as well as the need to address underlying weaknesses in our economies.