abandoned houses during great recession

Understanding the Great Recession

This course explores the causes of the Great Recession, the recession's impact on local policy discussions, and how planners should think about economic impacts when thinking about long-term plans.

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Course Info

  • Duration 5 video lessons (74 Mins)
  • Published Published
    2017
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Browse Course Chapters

  • 1. Introduction (1 min)
  • 2. Economic Thinking (8 mins)
  • 3. What We Know About the Great Recession (29 mins)
  • 4. Federal Housing Policy and Mortgage Markets (15 mins)
  • 5. Monetary Policy, Local Policies, and the Future (20 mins)

Course Description

The Recession of 2007-08 (also called the Recession of the late 2000s or the Great Recession) was a major worldwide economic downturn that began in 2007 and continued into 2010 and beyond. 

Following a housing boom, mortgage defaults in the United States spiked in 2007. A financial crisis was in full swing in 2008, followed by the worst recession since the Great Depression of the 1930s. 

This course explores the causes of the Great Recession, the recssion's impact on local policy discussions, and how planners should think about economic impacts when thinking about long-term plans.

Learn these skills

  • Economics
  • History
  • Housing

Meet Your Instructor

Peter Gordon

Peter Gordon

Peter Gordon is Professor Emeritus at the University of Southern California Price School of Public Policy. His research interests are in applied urban economics.

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