Full course description
Note about payment: Payment for this course is via the UCL Online Shop (link below). However if you have a promotional code please use the "Enroll now" button at the top.
About this course:
In this course you will look more closely at the Great Recession which followed from the Great Financial Crisis (GFC) of the 2008-09 and the lessons we can learn about stabilisation policy from the experience of the last decade or so. These experiences continue to inform policy, including helping countries recover from the lasting effects of Covid-19 and subsequent shocks resulting in the cost of living crisis. You will then explore the instruments of monetary policy that the central bank of a country can use to boost economic activity as well the limitations it has in both developed and developing countries, where the latter has major structural differences in the banking systems compared to the former.
Topics Covered
- What is a recession and why do they occur?
- How does the response to the Great Recession compare to previous episodes?
- How have macro institutions changes since the Great Depression?
- Macro institutions in developing countries and resource-rich economies?
- How do commercial banks and the central bank in an economy influence form and consumer behaviour?
- How can the central bank stabilise an economy?
- What are the limitations of monetary policy?
- What historical lessons can we learn about best practice in monetary policy in developing countries?
Commitment: This course is suitable if you have completed “Understanding the Economy: Introductory Level” or have equivalent knowledge. Each course comprises 2 units divided into 4 sections, making up 7-8 hours of learning. The course ends with a light-touch assessment of the learning for you to measure your learning.
Recommend completion time: 4 weeks
Format: Online
Fee: £144 (including VAT)
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