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LO-1
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Compare first-, second-, and third-generation financial crisis models in terms of their core mechanisms, assumptions, and policy implications. |
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LO-2
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Distinguish triggering shocks, pre-existing vulnerabilities, and financial amplification mechanisms, and analyse how private-sector financial stress is transmitted to the public-sector balance sheet. |
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LO-3
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Interpret external financing, banking-sector, public-debt, and sovereign-risk indicators using official reports and real-world macro-financial data, and conduct a basic crisis and early-warning assessment. |
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LO-4
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Evaluate the trade-offs among monetary policy, fiscal policy, financial-sector support, reserve use, and debt-management measures during crises, and formulate and defend an evidence-based policy recommendation. |