Information Package / Course Catalogue - Adnan Menderes University

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Financial Crisis Analysis

Course Code	: EFN578
Course Type	: Area Elective
Couse Group	: Second Cycle (Master's Degree)
Education Language	: Turkish
Work Placement	: N/A

Theory	: 3
Prt.	: 0
Credit	: 3
Lab	: 0
ECTS	: 5

Objectives of the Course

The aim of this course is to understand the main causes and consequences of financial crises; to place the crises experienced by the global economic system in a historical perspective.

Course Content

The Nature and Causes of Crises: External and Internal Causes, Real Crisis Theories and Technology Shocks, Monetary Crisis Theories: Austrian Economics and Central Bank Behavior, Internal Crisis Theories: Financial and Economic Instability and Keynesian Approaches, Financial Crises: First Generation Models and Weaknesses of Economic Foundations , Second and Third Generation Financial Crisis Models: Moral Danger and Non-Rational Behaviors, History of Financial Crises and 2008 Global Crisis

Name of Lecturer(s)

Assoc. Prof. Şahin BULUT

Learning Outcomes

1.	To analyze various types of crisis in the light of economic information.
2.	To understand and evaluate the causes and effects of financial crises.
3.	To analyze measures taken for financial crises and post-crisis policies
4.	To learn the role of institutions in forming stability policies
5.	To have a balanced and historical perspective on the functioning of the global economy

Recommended or Required Reading

1.	Dymski, G. A. (2006) Banking and Financial Crises,? in Arestis, P. and Sawyer, M. (eds.) A Handbook of Alternative Monetary Economics,
2.	Kaykusuz, M. İktisadi Kriz Teorileri, Ekin Basım Yayın, 2016

Weekly Detailed Course Contents

Week 1 - Theoretical

The Nature and Causes of Crises: A Brief Introduction

Week 2 - Theoretical

Crisis Theories: Internal and External Causes

Week 3 - Theoretical

Crisis Theories Emphasis on Real Factors: Introduction

Week 4 - Theoretical

Classical and Neoclassical Crisis Theories

Week 5 - Theoretical

Real Business Cycles Models

Week 6 - Theoretical

Crisis Theories Emphasis on Monetary Factors: Bullion Discussion and Speculation Trends

Week 7 - Theoretical

Monetary Crisis Theories: Austrian Economics and Hayek's Business Cycle Theories

Week 8 - Intermediate Exam

The Nature and Causes of Crises: A Brief Introduction

Week 9 - Theoretical

First Generation Financial Crisis Theories: Weakness of Economic Foundations

Week 10 - Theoretical

Second Generation Financial Crisis Theories: Multiple Balance Approach

Week 11 - Theoretical

The Role of Moral Hazard and Irrationality in Financial Crises

Week 12 - Theoretical

Keynesian and Post Keynesian Financial Crisis Theories: Minsky's Financial Instability Hypothesis

Week 13 - Theoretical

History of Financial Crises in the Global Economy

Week 14 - Theoretical

2008 Global Crisis and After

Week 15 - Theoretical

Student presentations on crises

Week 16 - Final Exam

Final Exam

Assessment Methods and Criteria

Type of Assessment	Count	Percent
Midterm Examination	1	%40
Final Examination	1	%60

Workload Calculation

Activities	Count	Preparation	Time	Total Work Load (hours)
Lecture - Theory	14	2	3	70
Individual Work	7	2	2	28
Midterm Examination	1	10	1	11
Final Examination	1	15	1	16
TOTAL WORKLOAD (hours)				125

Contribution of Learning Outcomes to Programme Outcomes

	PÇ-1	PÇ-2	PÇ-3	PÇ-4	PÇ-5	PÇ-6	PÇ-7	PÇ-8	PÇ-9
OÇ-1	4	3	4	3	3	4	3	5	4
OÇ-2	3	4	4	3	3	4	4	4	3
OÇ-3	4	4	4	3	3	4	4	3	4
OÇ-4	4	3	3	3	4	4	3	4	3
OÇ-5	4	3	3	4	3	4	4	5	4

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