Blog
Superb presentation on the credit crunch
13th February 2009
Here is a superb presentation on the economics of the credit crunch given by Nick Fawcett, Fellow of Lady Margaret Hall. There are some perceptive comments on the role that monetary and fiscal policy can play in stabilising output together with the constraints facing policy-makers. And there a fascinating section on the economics of asymmetric information (a topic in AS micro) and the problems in unfreezing the supply of credit given the amount of stinky debt in the banking system. Many of the supporting charts could be used profitably with an able set of students.
The presentation is available to download from Nick’s website.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.