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The Global Financial Crisis and its Lessons for Theory and Practice

Summer School of Business, Economics and Management, 5 ECTS
Economics, commerce, management and accounting

Institution Aarhus University (AU)
Campus Aarhus
Duration 2 weeks
Tuition per term (Non-EU/EAA/CH) 852 EUR
Tuition per term (EU/EAA/CH) 340 EUR


This course aims to give the student an overview of financial crises over the centuries, background and origin of the crises and recessions which seem to be a perennial feature of free market capitalism. The course will explore why mainstream economic theory has become inadequate as a framework for understanding the financial aspects of contemporary capitalism and the student will get to know the background and origin of the 2008 Crisis, the greatest economic crisis since the Great Depression of 1929.

The relevance of the ideas of Keynes and Minsky, the lessons of the crisis and policy reform including monetary policy, financial regulation, macroprudential policy, fiscal policy and exchange rate and capital account management will be discussed in detail. Further, the course will cover experiences of policy reforms in the USA, the UK, EU, China and India.

Upon completion of the course students will be able to understand the factors that contributed to the Crisis and also its implications for the design of economic policy, short term and long term, in all its multifarious aspects. 

About the Degree

This is a summer course that counts 5 or 10 ECTS. 


  • You must be enrolled in a university programme at the time of the AU Summer University
  • If you are applying for admission to AU Summer University courses at the Master level, you must hold a relevant Bachelor's degree (or as a minimum 180 ECTS in your study programme
  • The application deadline is March 15th


The tuition fee varies from course to course. Find the price on the individual course page. Find more information here

For Further Information

You can find more information on the programme here
If you have any questions regarding the programme please write


Application date
Mar 15
Start date
Jul 25


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