POL 2103 Lecture Notes - Mark Salter, Credit Default Swap
Document Summary
Teacher commented, global warming doesn"t exist : final exam: 5 definitions (2 pts each, what it means, why it"s significant) Questions sent out on the april 8th, should receive by 9 pm. > teacher will not answer questions after the 8th. No referencing to readings required for any answers. Pol 1102 g - politics & globalization - mark salter - 01 jan. 06. They allocate resources efficiently: government policy is to blame, market actors adjust their behaviours based on new info coming in, no such thing as a bubble b/c prices are always correct. Look up short-selling (something like borrowing an expensive stock, wait for its value to drop, then sell it back at its new value) Endogenous explanations: financial crises always being with finance, internal laws of motion of capitalism, equilibrium is rare, if it exists at all, capitalism produces change & upheaval.