The Eurozone Crisis

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Free Online Course: The Eurozone Crisis provided by MRUniversity is a comprehensive online course, which lasts for 1-2 hours worth of material. The course is taught in English and is free of charge. Upon completion of the course, you can receive an e-certificate from MRUniversity. The Eurozone Crisis is taught by Tyler Cowen and Alex Tabarrok.

Overview
  • What you will learn

    What's the future of the European Union and the Euro? The Eurozone Crisis is one of the most important issues in the world today. In this free three week mini-course, we cover both the institutions that make up the European Union and the underlying economics that are behind the crisis. We cover what is considered "consensus" knowledge by economists while also adding our own speculations in the mix.

    We will be updating this course as the situation changes in Europe. Click the "follow this course" button to stay up-to-date.

    This class does not require any particular knowledge of mathematics.

Syllabus
  • 1. Background

    The Three Sides of the Crisis

    The Case for Optimism

    The Case for Pessimism

    European Central Bank

    The Bailout funds

    Why are high bond yields a problem?

    Banking and fiscal union

    The Italian Crisis of 2013

    2. Further analysis of the problems

    The costs of leaving the Eurozone

    Remarks on individual countries

    Currency union collapse in history

    Indicators for Eurozone progress

    Life on the precipice

    Will austerity work?

    Effects on other multilateral agreements

    3. Underlying theory

    Optimum currency areas

    Optimum currency areas and the Euro

    Why is the euro so bland?

    Tyler Cowen lecture at the Bruno Leoni Institute (Optional)

    Understanding the Eurocrisis (Optional)

    4. Updates and extensions

    Iceland: Causes of the Crisis

    Iceland: Collapse

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