Entry requirements

General entry requirements

Learning outcomes

On completion of the course, the student is expected to be able to:

• define financial and economical crisis,
• understand economic crises in a historical perspective,
• analyse and discuss how institutional changes, risks and different types of crises influence one another,
• analyse the relationship between political action, economic theory and economic fluctuations,
• compare and analyse the causes, progress and consequences of different crises and distinguish common trends on the economic and political level.

Content

The occurrence of financial crises and business cycles often follow each other. Earlier crises have developed in different ways depending on expectations, economic conditions and institutional solutions. Often, an economic crisis can involve difficult consequences for individuals, while for the economy as a whole it leads to necessary restructuring and changes in the rules of the game. During the course, today's financial and economic crisis is seen in a long-term perspective - can we learn from history?

Economic fluctuations are also closely connected to political changes. This implies among other things that political actions in the economic sphere can influence the occurrence of fluctuations in the economy. But since politics and the economy interact the opposite can occur as well - that is, fluctuations in the economy can govern politics. How these relationships have changed in Sweden and on an international level, as well as how different economic theories have been used in formulating economic policy in crisis situations are discussed during the course.

Instruction

The course is given as full-time studies. Instruction consists of lectures and seminars.

Assessment

The course is examined by active participation in seminars, written examination and writing short papers.