The course can be divided into four main parts: a) an overview of financial crises from the Tulip Crisis in 1637 to the banking and real estate crisis of 2008 in the US b) a behavioral economics view on financial crises – herd behavior, panic, greed etc. c) examples of crises within infrastructure, building & real estate, banking and securities d) a discussion on: "Is it possible to forecast a crisis?" The anatomy of a crisis. Lessons from history.
FAI3309 Financial Crises - with a special focus on the Built Environment 7.5 credits
Information per course offering
Course offerings are missing for current or upcoming semesters.
Course syllabus as PDF
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Course syllabus FAI3309 (Spring 2019–)Content and learning outcomes
Course contents
Intended learning outcomes
After the course, the participant should be able to: a) define a financial crisis and its progress. b)be aware of signs –”bells and whistles”– that precede a crisis c)know what happens during a crisis and how crises are usually managed d) be aware of what happens after a crisis, e.g. increased regulation.
Crises with a connection to the building, real estate or infrastructure industries will be analyzed.
Literature and preparations
Specific prerequisites
Recommended prerequisites
Equipment
Literature
Sundry articles and books covering the above subjects. Preliminary list available on request. Final list will be distributed closer to the course start depending on the then current economic climate and updated relevant literature.
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
Examination
- SEM1 - Seminars, 2.5 credits, grading scale: P, F
- TEN1 - Written Exam, 5.0 credits, grading scale: A, B, C, D, E, FX, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Opportunity to complete the requirements via supplementary examination
Opportunity to raise an approved grade via renewed examination
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.