THE FINANCIAL MELTDOWN OF 2008 (SS 320)
This course is filled to capicity, please try enrolling again next quarter.
SS 320 THE FINANCIAL MELTDOWN OF 2008
The world is in the grip of the worst economic crisis since the Depression. In this class we will consider how such collapses happen from the viewpoints of the history of capitalism and current economic theory. By comparing the policies of the United States to those of other nations, we may gain insight into ways to avoid or mitigate such crises in the future.
How were the widespread use of mathematical models and automated trading in securities involved in the Crash of 2008? Did the markets fail because the mathematical models were flawed or because the ways they were employed was flawed? Some models were root causes and some were only proximate causes of the market failure.
In this class we will describe one of the most powerful classes of models used to evaluate and control financial risk, a model based on the work of a Nobel Prize winning economist, Myron Scholes.
Week One: A Bad System or Bad People?
Week Two: Avoiding Financial Meltdown?
Presenter: Dr. Hans C. Palmer (PhD, U.C. Berkeley), Emeritus Professor of Economics, Pomona College in Claremont. On the faculty for 46 years, he taught courses in economic theory, U.S. and European economic history, and economies transiting from socialism to a market system.
Developer: John Bush
Date and Time: Tuesdays, November 3 and 10
2 PM - 4 PM
Location: Woodbridge Village Center
FacilitatorS: Joan Fletcher 949-644-5698
jtfletcher@cox.net
Stephanie Davis 949-786-6536
sdavis388@yahoo.com
| When: | Nov 03, 09 to Nov 10, 09; 2 meetings |
| Where: | Woodbridge Village Center |
Schedule
| Date | Day | Start Time | End Time | Building |
|---|---|---|---|---|
| 11/3/2009 | Tuesday | 2:00PM | 4:00PM | Woodbridge Village Center |
| 11/10/2009 | Tuesday | 2:00PM | 4:00PM | Woodbridge Village Center |
