Financial Crises: A Critical Analysis

Subject FNCE90063 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: One 3-hour lecture per week.
Total Time Commitment:

Approximately 2.5 hours of personal study per hour of class time is require to achieve a satisfactory level of performance.


EITHER ECON90024 Financial Economics OR ECON90011 Financial Economics


ECON90033 Quantitative Analysis of Finance I and

ECON90034 Economics of Finance and FNCE90047 Financial Markets and Instruments and

FNCE90016 International Financial Management and

EITHER ACCT90002 Financial Statement Analysis OR ACCT90004 Accounting for Decision Making

Study Period Commencement:
Credit Points:
Not offered in 2016
Not offered in 2016
Semester 1, Semester 2
Semester 1, Semester 2
Semester 1, Semester 2
Semester 1, Semester 2
Semester 1, Semester 2
Summer Term, Semester 1, Semester 2
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support:


Dr Lyndon Moore



Subject Overview:

This course examines financial crises and panics throughout history and the lessons that policy makers and market participants should draw from past events. Crises studied may include the Dutch tulip bubble, the South Sea Bubble, the Crash of 1929, the Great Depression, Junk bonds, the Asian financial crises, LTCM, Enron, and the Global Financial Crisis. We will examine the causes, events, and consequences of these crises on the participants and the economy in general. A particular emphasis will be placed on the policy implications one can draw from these periods: what types of regulation work, and what does not work.

Learning Outcomes:

On successful completion of this subject students should be able to:

  • Explain the background to, progression of and resolution to selected financial crises;
  • Develop a sound knowledge of the major crises examined in the subject;
  • Explain how these crises affected the global economy and markets in the long- and short-run;
  • Critically analyse which policy measures helped to prevent future crises and which were ineffective.

  • One written assignment totalling 4000 words due mid-semester (40%)
  • 3 hour end of semester exam (60%)
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • Oral communication
  • Written communication
  • Problem solving
  • Critical thinking
  • Evaluation of data
  • Ability to draw conclusions from disparate empirical evidence

Related Course(s): Master of Finance
Related Majors/Minors/Specialisations: Master of Economics electives

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