LSO560 - The Global Financial Crisis

Outline information
Semester
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Last revision date Jun 3, 2019 12:06:43 AM
Last review date Aug 2, 2019 12:15:05 AM

Subject Title
The Global Financial Crisis

Subject Description
This subject investigates the circumstances, financial and economic of the global economic crisis. We will be investigating the events, causes, effects and remedies of the crisis and ensuing recession.
 
Could the Global Financial Crisis of the late 2000s have been prevented? How effective are the policies and regulations for overcoming the Great Recession associated with this crisis? We will scrutinize the events of this crisis and recession, and investigate its causes, effects and remedies. The analysis will be anchored in an understanding of the fundamental elements of the financial system, monetary and fiscal policies, and international trade.

LSO560 is a hybrid course. One period will be on-line, and two periods will be in-class. The out-of-class assignments and readings require the use of your independent learning and time-management skills.

Credit Status
One upper level Liberal Studies elective credit in a Degree Program.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Identify the nature and causes of financial crises.
  2. Detail the events of the Global Financial Crisis and the Great Recession.
  3. Analytically appraise relevant Microeconomic and Macroeconomic concepts, theories and models for understanding asset bubbles and financial crises.
  4. Analyze the causes of the Global Financial Crisis.
  5. Understand the operation and interaction of domestic and global financial markets and the amplification of crises.
  6. Evaluate, in the context of macroeconomic models, the appropriateness of conventional monetary measures for alleviating financial crises and economic recessions.
  7. Appraise the creation and use of unconventional monetary policies for remedying financial crises and economic recessions.
  8. Evaluate, in the context of macroeconomic models, the appropriateness of conventional fiscal policies for generating post-crisis economic expansion.
  9. Question the creation and use of unconventional fiscal policies for remedying financial crises and economic recessions.
  10. Analyze global responses to financial crises and economic recessions.
  11. Evaluate the proposals for globally coordinated stimulus policies and regulations.
  12. Demonstrate ability to think critically, and summarize and discuss, orally and in writing, informed views about global financial crises and their resolution.
  13. Simulate the research process by reviewing current literature on the global financial crisis, identifying a specific area for research, proposing a definite question that requires an answer, setting out how you would proceed, realistically, by generating an hypothesis that relates to the question, and discussing expected findings.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.