Moses - Financial Crises and Coordination

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Module / Version:
#70136 / #6

Validity:
Seit WS 2019/20

Default display language:
English

Module title:
Financial Crises and Coordination

Credits:
6

Responsible person:
Heinemann, Frank

Grading:
benotet

Type of exam:
Portfolioprüfung

Zugehörigkeit

Faculty:
Fakultät VII

Institute:
Institut für Volkswirtschaftslehre und Wirtschaftsrecht

Area of expertise:
37311400 FG Volkswirtschaftlehre, insbesondere Makroökonomie

Prüfungsausschuss:
Volkswirtschaftslehre

Kontakt

Office:
H 52

Contact person:
Marcath, Ronja Maria

E-mail address:
r.marcath@tu-berlin.de

Website:

http://www.macroeconomics.tu-berlin.de

Learning Outcomes

Students will learn why financial crises occur, how they evolve, and by which means they can be prevented or, as the case may be, resolved. They should become familiar with modern methods of solving coordination games and learn to apply these methods to financial market issues.

Content

This advanced-level course introduces the economic theory of financial crises. The theory is discussed against the backdrop of recent financial crises and the history of the international financial system. Many crises can be viewed as coordination games where markets suddenly swing from a socially efficient equilibrium to a socially inefficient equilibrium. An emphasis on the analysis of coordination will overarch this course and lead us to the current frontier of the research on financial crises. Topics treated: Causes and evolution of currency and banking crises, the mechanics of financial instruments and speculation, relation between financial crises and monetary and fiscal policy, agency problems and market failure, regulation of financial markets, international financial architecture. Special emphasis on theories of coordination and their application to the analysis of financial crises.

Module Components

Pflichtgruppe:

All Courses are mandatory.

Course Name	Type	Number	Cycle	Language	SWS	VZ
Financial Crises and Coordination	VL	71 140 L 1555	SoSe	English	2
Financial Crises and Coordination	UE	71 140 L 1554	SoSe	English	2

Workload and Credit Points

Financial Crises and Coordination (VL):

Workload description	Multiplier	Hours	Total
Class attendance	15.0	2.0h	30.0h
Class preparation and follow-up	15.0	2.0h	30.0h
			60.0h(~2 LP)

Financial Crises and Coordination (UE):

Workload description	Multiplier	Hours	Total
Class attendance	15.0	2.0h	30.0h
Class preparation and follow-up	15.0	2.0h	30.0h
			60.0h(~2 LP)

Course-independent workload:

Workload description	Multiplier	Hours	Total
Exam preparation	1.0	48.0h	48.0h
Preparation of homework	1.0	12.0h	12.0h
			60.0h(~2 LP)

The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

Lecture, Exercise Session, Homework, Exam

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Knowledge from following courses: Macroeconomics (AVWL II), Microeconomics (AVWL I), Economic policy (AVWL III), Game theory, Monetary economics or similar courses at other universities.

Mandatory requirements for the module test application:

This module has no requirements.

Module completion

Grading

graded

Type of exam

Portfolio examination

Type of portfolio examination

100 Punkte insgesamt

Language

English

Test elements

Name	Points	Categorie	Duration/Extent
Exam	80	written	75 min.
Homework	20	written	2x

Grading scale

Notenschlüssel »Notenschlüssel 4: Fak I, Fak VII«

Gesamtpunktzahl	1.0	1.3	1.7	2.0	2.3	2.7	3.0	3.3	3.7	4.0
100.0pt	90.0pt	85.0pt	80.0pt	76.0pt	72.0pt	67.0pt	63.0pt	59.0pt	54.0pt	50.0pt

Test description (Module completion)

The portfolio examination consists of the following elements, adding up to a maximum of 100 credits. The grading follows the joint conversion key of the School of Economics and Management (decision of the school's council dated May 28, 2014 - FKR VII-4/8-28.05.2014).

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:
Sommersemester.

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

Participation in this module requires no registration.

Recommended literature
Allen, Franklin, and Douglas Gale (2009): Understanding Financial Crises, Oxford Univ. Press.
Aschinger, Gerhard (2001): Währungs- und Finanzkrisen, Vahlen, München.
Kindleberger, Charles P., and Robert Z. Aliber (2005): Manias, Panics, and Crashes: A History of Financial Crises, 5th edition, Palgrave Macmillan.
Reinhart, Carmen, and Kenneth Rogoff (2009): This Time is Different, Princeton Univ. Press.
Weitere Literaturhinweise werden auf der Internetseite angegeben

Assigned Degree Programs

Semester:

Zeige auch ausgelaufene Studiengänge und StuPOs

This module is used in the following Degree Programs (new System):

Studiengang / StuPO	StuPOs	Verwendungen	Erste Verwendung	Letzte Verwendung
Industrial Economics (M. Sc.)	1	10	WS 2019/20	SoSe 2024
Wirtschaftsingenieurwesen (M. Sc.)	1	11	WS 2019/20	SoSe 2024
Wirtschaftsmathematik (M. Sc.)	1	10	WS 2019/20	SoSe 2024

Students of other degrees can participate in this module without capacity testing.

Miscellaneous

No information

Financial Crises and Coordination