32701

WiSe 20/21: Booms, Busts, and Business Cycles: Economic Growth and Financial Development in Canada, Mexico, and the United States

Daniel Dieckelmann

Kommentar

This undergraduate course is about long-term economic growth, financial development, business cycles, and economic recessions and crises. It combines intermediate economic theory with a historical perspective, and compares the development of the North American countries of Canada, Mexico, and the United States over the past 150 years beginning in 1870. The goal of this seminar is to understand the determinants of prosperity, explain why economies grow, learn why economic growth fluctuates, and determine what it is that causes recessions and banking crises. We will also address the question of why Canada and the United States are nowadays considered developed countries whereas Mexico is described as an emerging economy. Where lie the institutional roots for this development? Further, we will look into the role of the countries' different financial systems and assess how they played a role in enabling economic growth and the accumulation of productive capital, but also understand how they created severe disruptions in the form of banking crises. We will learn how Canada's financial system became one of the most stable in the world, while the U.S. and Mexico repeatedly experienced financial turmoil and subsequent economic disaster. Schließen

15 Termine

Regelmäßige Termine der Lehrveranstaltung

Di, 16:00 - 18:00 15 Termine

Di, 03.11.2020 16:00 - 18:00

Dozenten:
Daniel Dieckelmann