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current financial crisis

current financial crisis

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Published by mcecon2

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Published by: mcecon2 on Jan 05, 2009
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06/17/2009

 
Understanding The Economic Crisis
in Plain English
Bruce JudsonSenior Faculty Fellow,Yale School of ManagementAt Poughkeepsie Day School
Video version, audio version, and updates via e-mail available at:
1
Copyright 2008 Bruce Judson
December 9, 2008
 
Today’s Talk
Provide a foundation forunderstanding what is happening
 –
and assessing future events
A test of success: Understanding
how each day’s news stories fit into
our overall framework
Give you the tools to ask the rightquestions
December 9, 2008Copyright 2008 Bruce Judson 2
 
Today’s Approach
Discussion assumes no prior knowledge of economicsor finance
Many concepts are simplified
to meet timeconstraints
Only the U.S. is discussed
although this is a globalcrisis
Special emphasis on explaining jargon
 –
so you canmore easily follow future events in the newspaper
No moral judgments
 –
No blame
 –
Emphasis on describing what has happened, not
on saying this was “good” or “bad”
December 9, 2008Copyright 2008 Bruce Judson 3

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