We live in a rapidly changing, complex world. The word
"recession" was not part of the public conversation in 2007.
Late that year the DJIA crested 14,000 and most people had never
heard of sub-prime mortgages. It was still assumed that a home
purchase was a good investment; only the most careful observers
noted that the housing boom was already past its peak. In
retrospect, we now realize that the economy had already slipped
into what was to become one of the most serious downturns in our
country's history, that is only now beginning to show signs of
abating. The notion toward the end of the 1990s that the economy
had entered into a new permanent era of sustainable economic
growth was significantly challenged by the tumultuous sub-prime
mortgage and credit crises of 2008-09. What did we learn from
this episode? That is a lot of news and information to digest.
Nevertheless, a course of study in economics and business can
help you to understand such phenomena. Students are exposed to
quantitative and theoretic