ECON 3462: Bubbles, Busts, and Bailouts: Market and Regulatory Failures in the Financial Crisis
Lecture - 4 credits
- Investigates economic and financial bubbles together with the busts and bailouts that usually follow.
- Analyzes how and why bubbles form in markets such as housing and stocks, emphasizing the financial crisis of 2007–2008 but covers others as well.
- Also examines the lasting effects on markets and the economy from the collapse of such bubbles and the need for bailouts and other policies that are often used.
- Applies a range of perspectives to identify the market failures and regulatory failures that can cause bubbles—failures of assumptions about information, about incentives, and about oversight.
- Includes perspectives from microeconomics, behavioral economics, finance, and public policy.
Investigates economic and financial bubbles together with the busts and bailouts that usually follow. Show more.