Understanding the credit crunch

The Credit Crunch and Monetary Policy tutorial once again proved a popular event. The recession appears to have turned a corner, and many forecasters expect us to hit consistent positive growth toward the start of 2010. This is certainly a turn around from media hype that predicted the credit crunch would be a modern day Great Depression. As monetary authorities get back to grips with the traditional tool of monetary policy (interest rates), it will become the job of government to find ways to tackle a state that is plagued by public debt and rising unemployment.

Students enjoyed tackling these complicated issues, and came away with a sense of the size of the job that the next government will face. Equally, students came away with a strong understanding of key economic models used at undergraduate level to explain central bank behaviour, the bond market and quantitive easing.

Find out more about our Economics Tutorials here.

Corey Dixon, Economics Tutor