subject

Coursera: The Global Financial Crisis

 with  Andrew Metrick and Timothy Geithner
Former U.S. Secretary of the Treasury Timothy F. Geithner and Professor Andrew Metrick survey the causes, events, policy responses, and aftermath of the recent global financial crisis.

Syllabus

Introduction to The Global Financial Crisis


The Common Causes of Financial Crises


Housing and Mortgages


Safe Assets and the Global Savings Glut


The Housing Crisis


Anxiety, Part I


Anxiety, Part II


Panic


Our Responses to the Crisis


Responding to Future Crises


Europe in the Global Financial Crisis


The Eurozone Crisis


Course Summary
Course Summary

11 Student
reviews
Cost Free Online Course (Audit)
Pace Upcoming
Subject Finance
Institution Yale University
Provider Coursera
Language English
Certificates Paid Certificate Available
Calendar 11 weeks long
Sign up for free? Learn how

Disclosure: To support our site, Class Central may be compensated by some course providers.

+ Add to My Courses
FAQ View All
What are MOOCs?
MOOCs stand for Massive Open Online Courses. These are free online courses from universities around the world (eg. Stanford Harvard MIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you.  They also have student discussion forums, homework/assignments, and online quizzes or exams.

11 reviews for Coursera's The Global Financial Crisis

Write a review
9 out of 9 people found the following review useful
2 years ago
Henrik Warne completed this course, spending 1 hours a week on it and found the course difficulty to be very easy.
I really liked this course. It is a detailed acount of how the global financial crisis came about, starting with the housing crisis (including sub-prime) and the global savings glut. It continues with how the anxiety started and spread through the global financial system, turning in to a full-blown panic. Next is the m Read More
I really liked this course. It is a detailed acount of how the global financial crisis came about, starting with the housing crisis (including sub-prime) and the global savings glut. It continues with how the anxiety started and spread through the global financial system, turning in to a full-blown panic. Next is the measures taken to combat the crisis, and the course ends with describing the double dip recession in the euro zone.

There are two presenters of the course, professor Andrew Metrick of Yale, and Timothy Geithner, Secretary of the Treasury during the crisis. Professor Metrick is an excellent presenter, one of the best I have listened to. He is animated and into the subject he talks about, and takes care to expalain all technical terms he uses.

Timothy Geithner talks about talks about the government response to the crisis, which is very interesting, since he was actually there when it happened. Unfortunately, his presentations aren't as good as professor Metrick's - he is more monotone, and uses some jargon without explaining the meaning (for example, what are swap lines?)

The most interesting parts of the course for me was the section on the cause of the housing crisis (was it moral hazard, government failure, or bubble thinking), and the explanation of the euro zone problems and comparison to the gold standard (as a single currency) in the 1930s.

I spent around one hour a week on the course. I listened to the lectures on my phone while commuting to and from work. After every 5 to 10 minute segment there was a quiz with two multiple choice questions to see if you understood the material. If you failed the quiz you could just re-take it until you passed. After each module (around 10 video lectures), there was a multiple choice quiz with 8 questions (mostly), and you had to get at least 6 right. But if you failed, you could re-take that too. The questions were at a good level, not too easy, but not too hard either. There were no other assignments, so it was a quick and easy course to take. I finished it in around half the alloted time, and only used my commute time to learn the material.

One problem with watching the videos on my phone was that the slides had blue background. When the text was white, it was OK to read, but sometimes the text was purple, and it was impossible to read it on the phone screen. There were also a lot of graphs and charts (very good), but some of them where also very hard to see on the phone screen. Professor Metrick usually talked us through everything in the diagrams anyway, so it was not a big problem there. Timothy Geithner commented less on them, so it was a little harder to follow in his parts. All videos were professionally produced by Yale University.

Overall, an easy and quick course with very interesting material. I learned a lot, and their conclusions felt well motivated, drawing on research reports, and presented in lots of graphs and diagrams. Time well spent for me!

Was this review helpful to you? YES | NO
6 out of 6 people found the following review useful
2 years ago
Ken Sellers completed this course, spending 1 hours a week on it and found the course difficulty to be very easy.
Henrik Warne's review is spot-on; I will not duplicate what he said. Just want to add that although Timothy Geithner is the headliner, he only made an appearance in 3 of 11 weeks. Andrew Metrick did all the heavy lifting, and he is both a good explainer of ideas and notably better than Geithner. In my opinion the co Read More
Henrik Warne's review is spot-on; I will not duplicate what he said. Just want to add that although Timothy Geithner is the headliner, he only made an appearance in 3 of 11 weeks. Andrew Metrick did all the heavy lifting, and he is both a good explainer of ideas and notably better than Geithner.

In my opinion the course could be improved with a head-on examination of critics' viewpoints regarding the crisis and the response to it. There should be an entire lecture, near the end of the course, where the critics' arguments are laid out one-by-one and rebutted (or perhaps agreed with). As-is, the class is primarily a financial-history class which mostly takes for granted that the response to each phase of the crisis was appropriate.

My goal in taking the class was simply to have a more educated opinion on what happened and why, and that goal was reached. I recommend taking this class.
Was this review helpful to you? YES | NO
4 months ago
Antoine Ciolkovitch completed this course, spending 2 hours a week on it and found the course difficulty to be very easy.
A clear synthesis of a complex world-wide crisis . Both lecturers gave me a detailled chronology of the several steps of the failures . The quizzes are very easy and only useful to motivate the learner . Highly recommended course by brilliant lecturers .
Was this review helpful to you? YES | NO
2 years ago
profile picture
Anonymous is taking this course right now.
Not just best online course I have taken but best course I have ever take. Professor Metrick is awesome. If you have an interest I the GFC take it. I can't recommend it highly enough.
Was this review helpful to you? YES | NO
0 out of 1 people found the following review useful
2 years ago
John Tieso completed this course.
Was this review helpful to you? YES | NO
a year ago
Stephane Mysona completed this course.
Was this review helpful to you? YES | NO
a year ago
Martin Dunn completed this course.
Was this review helpful to you? YES | NO
10 months ago
profile picture
Nokour Abakar completed this course.
Was this review helpful to you? YES | NO
a year ago
Stephane Mysona completed this course.
Was this review helpful to you? YES | NO
2 years ago
Mamadou Diop completed this course.
Was this review helpful to you? YES | NO
a year ago
profile picture
Marina Q. audited this course.
Was this review helpful to you? YES | NO

Class Central

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free