Seminar: A Postmortem of the Financial Crisis

Course content

For some the financial crisis beginning autumn 2007 remains a conundrum. In this seminar, we try to reach some clarification. Our analysis may include:

  • The macroeconomic policies leading up to 2007

  • The financial deregulation during 00s – did the financial sector become vulnerable?

  • The (South) European sovereign debt crisis; tensions in the EMU.

  • The financial meltdown

  • Rescuing the financial industry

  • Macroeconomic policies after 2007 – demand management and/ structural reforms?

  • Differences in recovery trajectories after the crisis. What is good for Germany may not be good for all?

  • Did standard textbook economic theory and policy prove to be inadequate?

  • How and why were macroeconomic forecasts leading up to the crisis so wrong?

  • The financial reregulation.

  • Other approaches are possible and welcome.



MSc programme in Economics

The seminar is primarily for students at the MSc of Economics

Learning outcome

Having completed the seminar you will  obtain an understanding of the worst economic crisis in over 80 years.

Planning/start-up meeting, research and writing process of the seminar paper, sessions with presentation of own paper and critical evaluation/feedback to another student´s paper, actively participating in discussions at class.

Before the session a "so-finalized-as-possible"-draft of the paper must be uploaded in Absalon. After the presentations, the student submit an edited version of the paper in the Digital Exam portal as the final exam paper. The aim is that students use the presentation sessions as an opportunity to receive and use the constructive feedback to improve the paper.

A possible starting point is papers from the IMF, the OECD, national central banks, the Fed, the ECB, Bank of England, Det Økonomiske Råd and also academic papers


• Planning meeting: September 6, 14-16
• Supervision: By appointment from end August 2017.
• Deadline commitmentpaper: In agreement with the lecturer and not later than 1st of October.
• Deadline of pre-paper uploadet to Absalon: November 8th
• Presentations/Workshops: Week 47.

7,5 ECTS
Type of assessment
Written examination
- a seminar paper in English that meets the formal requirements for written papers stated in the curriculum and at KUNet for seminars.
All aids allowed
Marking scale
7-point grading scale
Censorship form
External censorship
Criteria for exam assessment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course and the objectives stated in the Curriculum.

  • Category
  • Hours
  • Seminar
  • 20
  • Project work
  • 186
  • English
  • 206