Course # 42521 Day(s) M- W Time(s) 1:30 PM - 2:50 PM Term Spring 2018 Specialization Markets & Regulation Finance & Policy Syllabus Syllabus This course has an ambitious goal – to investigate both the tools of risk management at the firm level through hands-on training and practice, and the lessons of macroeconomic or systemic risk through examination of financial crises throughout history. These lessons are important – whether it is the South Sea Company crisis of 1700s or the mortgage debt crisis in the United States in the 2000s, financial crises have shaped our world. Understanding history is the first step towards intelligent policy. To examine the financial and economic history we will read some of the classic (and also some of the newer) texts in this area: A Monetary History of the United States, 1857-1960 by Milton Friedman & Anna Jacobson Schwartz Manias, Panics, and Crashes by Charles P. Kindleberger (for a history of financial panics) Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay (for a history of the 18th century South Sea Bubble in Britain and the Sword Blade Bank and Mississippi Company in France) This Time is Different – Eight Centuries of Financial Folly by Carmen Reinhart & Kenneth Rogoff (for why this time is not different – financial folly has a long history) Fragile by Design by Charles Calomiris & Stephen Haber (for a cogent and disciplined analysis of banking systems across time and across countries – US, Canada, UK, Mexico, and Brazil) Quarter Title Instructor Day(s) Time(s) Syllabus Spring 2024 History of Financial Crises Thomas Coleman Monday, Wednesday 1:30pm-2:50pm Syllabus Recent News More news Natasha Mathur, MSCAPP’19, on the Connection Between the Real World and Data Tue., June 25, 2024 Research Professor Robert Kaestner Assesses Effects of Increased Income on Infant Health Tue., June 18, 2024 Harris Voices: Miguel A. Blancarte, Jr., CLA'21, on Growth During Trying Times Mon., June 17, 2024 Upcoming Events More events UChicago Harris Coffee Chat in Seoul Sun., June 30, 2024 | 10:00 AM Offer Bakery Cafe 21 Hongik-ro 5-gil Mapo-gu Seoul 04039 South Korea Harris Campus Visit Wed., July 10, 2024 | 10:00 AM Keller Center 1307 E 60th St Chicago, IL 60637 United States Harris Evening Master's Program Information Session Wed., July 10, 2024 | 12:00 PM