Global Banking Lesson 6 Introduction to the Financial Crisis
  
 
 
 
Global Banking Lesson 6 Introduction to the Financial Crisis

Overview

The main focus of this lesson is the Financial Crisis. Students will examine the political, economic, and cultural factors that contributed to the causes of and responses to the Financial Crisis. Finally, it will conclude with a role-play that allows students to understand the crises from multiple perspectives.

Relevant Module Objectives

1        Explain basic concepts of global banking and finance.

3    Compare and contrast the current issues in global banking and finance from different perspectives.

Procedure

Possible Classroom Activities

Resources

Background Readings for the Instructor

  • The Global Economic Crisis: Systemic Failures and Multilateral Remedies Report. (2009, March 19). UNCTAD Secretariat Task Force on Systemic Issues and Economic Cooperation. Retrieved from: http://www.unctad.org/Templates/webflyer.asp?docid=11205&intItemID=1528&lang=1
  • Wolf, Martin. (2009, February 12). Fixing Global Finance. YaleGlobal, Retrieved from: http://yaleglobal.yale.edu/multimedia_list/video. (34 min) [Martin Wolf, in an interview with Nayan Chanda, explains what caused the financial crises, outlines the steps for ending this destructive cycle, and offers suggestions on how to help ensure global financial stability in the future.]