Finance for Social Theorists

Semester and Year	FA 2012
Course Number	IDSEM-UG1527
Section	001
Instructor	Peter Rajsingh
Days	Mon
Time	7:45 PM - 10:15 PM
Units	4.0
Level	U
Foundation Requirement	SOC

Description

Why are some private, profit-making institutions “too big to fail,” what are the main contours of the Global Financial Crisis (GFC), where do you find the Shadow Banking System? The objective of this course is to provide students with conceptual, interpretive and analytical tools for understanding contemporary themes in finance. The approach will be interdisciplinary and interpretive, drawing upon political theory, economics, psychology, basic statistics and accounting. For example, we will use the GFC to explore core concepts associated with credit, banking, business ethics, fiscal and monetary policy and macro economics. We will reference key ideas from familiar texts and also take up contemporary debates in finance. The aim is to help students become more literate and numerate as economic and social agents. Readings include Adam Smith, Wealth of Nations (excerpts); John Stuart Mill, Principles of Political Economy (excerpts); Peter Bernstein, Against the Gods: The Remarkable Story of Risk ; Mohammed El-Erian, When Markets Collide ; and Nassim Taleb, Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life .

Course Type

Interdisciplinary Seminars (IDSEM-UG)