Word: crisises
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Classes at the Business School are predominantly taught by examining case studies. And according to HBS Dean Jay O. Light, a number of classes have added new cases to their curricula in response to the financial crisis.
The required first-year course “Business, Government, and the International Economy,” plans to add cases on the sudden demise of the Icelandic banking system and on the effect of this recent economic crisis in the developing world, according to course head Rawi E. Abdelal...
But several professors are making more significant changes of their own accord. Though the school’s administration had no direct role in the formation of these courses, several new second-year elective classes focusing on various aspects of the financial crisis have been introduced since 2008.
Clayton S. Rose, a senior lecturer at the Business School, had been contemplating a course on the management of financial institutions long before the crisis. But the recession proved to be the impetus he needed to turn his thoughts into reality.
“The real work began when it became clear that things were fundamentally changing,” Rose says. “The course was shaped very fundamentally by the financial crisis.”