PE 4600 - Depression Economics

Institution:

SUNY College at Old Westbury

Subject:

Politics

Description:

This course studies depression economics -- a recently revived branch of macroeconomics that seeks to understand the causes and policy remedies for large, contagious, global collapses in output and employment. We will analyze the causes and policy remedies for depressions by comparing and contrasting the Great Depression of the 1930s with the Great Recession of 2008. The advantage of the comparative approach is that it will enable us to isolate important common characteristics of these two depressions; the circumstances that made each of these crises unique; and it can provide important lessons for thinking about how to prevent future depressions. In particular, the course will focus on four interrelated aspects of these two large, contagious economic and financial crises: 1) The historical origins of each of these crises; 2) The particular developments responsible for the onset of each crisis and their subsequent spread; 3) The policies used to counter each crisis, provide releif, and to promote recovery; and 4) The reforms adopted and proposed to reduce the likelihood of a reoccurence. The course will conclude with an examination of the lessons learned concerning the causes and policies to treat and prevent depressions.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.oldwestbury.edu

Phone Number:

(516) 876-3000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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