Understanding the Economic Crisis


Summer 2014 quarter (Session I)

Taught by

political economy, foreign policy, philosophy
No one reading this has not experienced or witnessed the painful effects of the combined financial crisis and long recession. These are turning points in American society and world history. Two of the nation’s most prominent economists have recently warned that Americans must now accommodate themselves to a permanent period of “secular stagnation.” By this they mean chronic slow growth, low wages, high unemployment and persistent economic insecurity. Are they right? A great deal hangs in the balance.
Understanding the origins and future of the present crisis can help in making sense of the world and planning for the future. This class helps students understand where the crisis came from, why it has the features it has, and where it is likely to lead. Clear explanations will be offered for terms like financial bubble, securitization, derivatives, credit default swaps and financial economy vs. real economy. Implications for income and job growth will also be studied. No prior background in economics is required. Required readings have been selected for clarity and general accessibility

Program Details

Fields of Study

Location and Schedule

Campus location



Offered during: Evening

Advertised schedule: First Summer Session, Monday and Wednesday evenings, from 6:00 to 10:00 p.m.


Buy books for this program through Greener Bookstore.

Online Learning

No Required Online Learning: No access to web tools required. Any web tools provided are optional for students.

Schedule Details

Monday and Wednesday evenings, 6:00 - 10:00

Registration Information

Credits: 4 (Summer)

Class standing: Freshmen–Senior

Maximum enrollment: 25


Course Reference Number not yet available.

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