Tomorrow, Tuesday December 2, at 4:30pm (please note special start time for this week), we will webcast our next MIT class on the global crisis. The session will run until 7pm, as usual, with a break around 5:30pm.
This is the last class on the crisis that we will broadcast & record, at least for now. (There will also be a class on Tuesday, December 9, which will review the crisis to date; I’ll post summary materials but that session will not be recorded.)
On December 2nd, I plan for us to cover the following topics:
- The Citigroup Bailout, including whether this is or is not good value for the taxpayer (search this website for Citigroup to see readings). Robert Rubin’s interview with the Wall Street Journal on Saturday is also essential reading (the WSJ article requires a subscription; the blog naked capitalism provides a free summary and some reactions worth discussing.
- The situation in Europe, which continues to worsen. We’ll review the latest developments in the real economy and indications of various kinds of pressures (think: Italy, but the UK, Spain and other countries may well come up).
- Prospects for global financial system reform. We can see fairly clearly the strategy of President-Elect Obama’s team with regard to fiscal policy, and we can infer some implications for monetary policy. But what is their likely global strategy, with or without the IMF? How does this fit with what the rest of the G7 or emerging markets or any other influential players want? Can we see a full overhaul of the global system coming soon? If not, why not? (Search for Global Reform on this website for readings.)
Feel free to post questions here or email to us, through this website. We’ll cover as many as possible in the classroom discussion.
Details on the webcast and some potentially useful background follow:
The RealMedia stream for Tuesday afternoon will be:
RealPlayer version 8 provides all required functionality for viewing this webcast. Here’s a link that provides some verification resources for viewers of RealMedia content: http://web.mit.edu/smcs/help/realhelp.htm
A recording will be available to download later in the week, probably on Thursday.
And, in case it is helpful, here is a summary of our MIT Global Crisis class materials on the web so far:
#1, October 29: The slides I used are available on the web. This session was not recorded.
#2, November 4: Video available, with summary of discussion:
#3, November 18: Class outline is in the first link; video is in the second link
#4, December 2: see materials above and postings to follow
Note: original course plan was posted at the end of October, but more than a few things changed in the world since then:
If you read this far, hopefully you know that the readings for the class are the postings on this website in general: http://BaselineScenario.com. Structuring and opening up a MIT course in this way is an experiment. Based on your feedback (e.g., posted here or emailed to us or otherwise sent to MIT Sloan), we’ll either do something like this again or not.