In recent years economists have been re-examining their understanding of macroeconomics in the light of the global financial crisis that began in 2007–08. Did they really understand the problem of asset bubbles? Were they blind to the issues arising from financial innovation? Five years after the 2008 bankruptcy of Lehman Brothers, The Economist published a series of briefs on the financial crisis andits aftermath, which were later published as a book under the title Debts, Deficits and Dilemmas.
This free companion workbook, which is aimed at both economics students and their teachers, includes questions and exercises that students can work through – either on their own or through classroom debate – to help them gain a good understanding of the financial crisis and what has followed it.
