The most recent economic crisis began in part with the housing bubble bursting, resulting in thousands of home foreclosures and sales across America. (Image by coffeego on Flickr.)
Instructor(s)
Prof. Ricardo Caballero
MIT Course Number
14.454
As Taught In
Spring 2011
Level
Graduate
Course Description
Course Features
Course Description
14.454 is an introduction to current macroeconomic concerns with particular emphasis on medium-run economic fluctuations, economic crises, and the role of asset markets. Topics include the explanation of high chronic unemployment in some nations, the source of modern liquidity crises, the origin and end of speculative bubbles, and the factors that lead to substantial periods of economic stagnation.
