- Author:
- Charlotte Lee
- Subject:
- Political Science
- Material Type:
- Activity/Lab, Lesson Plan, Reading, Teaching/Learning Strategy
- Level:
- Community College / Lower Division
- Tags:
- License:
- Creative Commons Attribution Non-Commercial Share Alike
- Language:
- English
- Media Formats:
- Downloadable docs, Video
Handout: Reflection on the 2008 Global Financial Crisis
Lecture - International Finance
Lesson Plan_ International Finance
Reading #1a: Greenlaw & Shapiro (2018), "Money and Banking"
Reading #1b: Greenlaw & Shapiro (2018), "International Trade and Capital"
Reading #1c: Greenlaw & Shapiro (2018), "Exchange Rates"
Reading #2: Hennessey et al. (2011), "Causes of the Financial and Economic Crisis"
International Finance
Overview
Module on international finance. Intended for community college students and aligned with the requirements for POLS 140: Introduction to International Relations within the California Community College system. Includes readings, lesson plan, and ancillary materials (lecture slides and handout).
Lesson Plan: International Finance
Lesson Plan: International Finance
Topic: International Finance | |
Week #: 7 | Estimated Time: 150-180 minutes |
Assigned Readings and Materials:
Total page count: 42 Online documentary: 1 hour
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Learning Objectives: By the end of this lesson plan, students will be able to:
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Misconceptions of Topic:
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Lesson Component | Ancillary(ies) |
Lecture: Review learning objectives | Lecture slides |
Lecture and discussion: How does international finance affect me? How do I affect international finance?
| Reading 1 Lecture slides
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Lecture and discussion: Key concepts in international finance
| Reading 1 Lecture slides |
Think Pair Share: What were the causes of the 2008 Global Financial Crisis? What might be some ways to prevent future crises? | Reading 2; documentary resource 3 Lecture slides
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Application: Debt crisis in Greece
| Instructor resource: Nelson, Rebecca M. et al. 2017. “The Greek Debt Crisis: Overview and Implications for the United States.” Congressional Research Service. Available online at https://fas.org/sgp/crs/row/R44155.pdf
Online resource: Frontline. 2012. “Money, Power & Wall Street, Part 4” https://www.pbs.org/wgbh/frontline/film/money-power-wall-street/#video-4 View 28:30-44:00 |
Application: Mexico’s 1982 foreign debt crisis | Two background readings (optional to assign to students):
Glasberg, Davita Silfen. 1989. “Chapter Six— Mexico's Foreign Debt Crisis: Bank Hegemony, Crisis, and the State” in The Power of Collective Purse Strings: The Effect of Bank Hegemony on Corporations and the State. Berkeley: University of California Press. Available free online at http://ark.cdlib.org/ark:/13030/ft4x0nb2jj/
Alternative URL for Glasberg 1989:
Sims, Jocelyn and Jessie Romero. 2013. “Latin American Debt Crisis of the 1980s” Federal Reserve History. Available online at https://www.federalreservehistory.org/essays/latin_american_debt_crisis
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Conclude and wrap-up | Lecture slides |
Required Readings and Documentary: International Finance
Contents:
- Reading #1a: Greenlaw and Shapiro 2018, “Money and Banking”
- Reading #1b: Greenlaw and Shapiro 2018, “International Trade and Capital Flows”
- Reading #1c: Greenlaw and Shapiro 2018, “Exchange Rates and International Capital Flows”
- Reading #2: Hennessey et al. 2011
- Documentary: Frontline 2012
Introducing the readings:
This unit’s readings and online documentary provide an introduction to international finance. To define and connect key concepts, Greenlaw and Shapiro (2018) describe 1a) money and banking, 1b) the link between international capital flows and international trade, and 1c) the link between international capital flows and exchange rates. All of these are excerpts from Greenlaw and Shapiro’s OER textbook on macroeconomics.
Hennessey et al. (2011) offer an application of these concepts to dissecting the causes of the 2008 Global Financial Crisis. To understand the ways in which international finance affects personal, community, national, and global outcomes, this statement to the US Financial Crisis Inquiry Commission notes several interrelated causes of the 2008 crisis. Part One of Frontline’s 2012 documentary, “Money, Power, and Wall Street,” offers a powerful illustration of these forces at work.
Ancillary Materials: International Finance
Attached are CC-licensed lecture slides and a handout to accompany the lesson plan for realism and liberalism.