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14.454 is an introduction to current macroeconomic concerns with particular emphasis on medium-run economic fluctuations, economic crises, and the role of asset markets.
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English [CC]
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Description
Topics include the explanation of high chronic unemployment in some nations, the source of modern liquidity crises, the origin and end of speculative bubbles, and the factors that lead to substantial periods of economic stagnation.
Course content
- Introduction Unlimited
- Collateral and amplification Unlimited
- The credit crunch Unlimited
- Runs, panics, and contagion Unlimited
- Bubbles Unlimited
- Capital flows and sudden stops Unlimited
- Appreciations and overvaluations Unlimited
- The liquidity trap Unlimited
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Instructor
Massachusetts Institute of Technology
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