Word: crisises
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Certain courses that were created before the crisis have taken on new meaning in the recession.
After spending 20 years as an executive at JP Morgan Chase, Rose saw the need to educate managers specifically in the field of finance. After the banking crisis began, Rose added cases on Citigroup and Lehman Brothers, whose collapse is widely viewed as a symbol of the current crisis.
“Creating the Modern Financial System,” a course taught by Professor David A. Moss, debuted in the Spring of 2008 just as the sub-prime mortgage crisis was evolving into a larger economic meltdown.
In the Spring of 2009, Moss added two case studies relating to the current crisis to the course, which he began formulating over four years ago. He will teach those cases again when the course is offered in the Spring of 2010.
Moss says financial history gives students a better perspective on how finance works in reality, in addition to explaining how various aspects of the current crisis came about.