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Lessons of the Economic Crisis

A New Wharton Course Considers the ‘Causes, Consequences, and Policy Options’

A New Wharton Course Considers the ‘Causes, Consequences, and Policy Options’

When Lehman Brothers collapsed and a crisis in the credit markets ensued last fall, Management Professor Mauro Guillen saw a teaching opportunity and created a new course.

Guillen said his goals were "to educate our students about the crisis and to provide a public forum for discussion of what went wrong, how to fix it, and how to avoid similar problems in the future."

The dust hadn’t settled on Lehman’s bankruptcy papers before the course was formalized and added to the spring roster. Called "The Economic & Financial Crisis: Causes, Consequences, and Policy Options," the course meets weekly and features lectures from 13 Wharton professors and two Penn professors.

Watch video excerpts of the first seven course lectures:

Raffi Amit
Impact on the Private Equity
Industry

Howard Pack
Global Perspectives - Emerging
Markets

Olivia Mitchell
Impact on the Pension Industry

Jeremy Siegel
The Crisis and the Markets

John MacDuffie
Impact on the Global Automobile

Marshall Meyer
Global Perspectives - China

Stephen Hoch
Impact on the Retail Sector -
Tough Times Retailing

"This is an incredible time to be studying these markets and businesses," says Wharton undergraduate student Timothy Barnes, "and this class does a great job of not only addressing how some of the major institutions exposed themselves to the current crisis but also suggesting steps to be taken by the public and private sectors that could help mitigate the effects of current and possible future crises."

The course will be offered again in fall 2009. For details on the course, see the course syllabus.

Full-length versions of each lecture are available to Wharton faculty, students and staff via the School’s intranet, SPIKE.