Pick one of the essay questions included.
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IP2039EssayQuestions.docxIP2039 Essay Questions
1. What are the problems with the conventional view of banks as intermediaries between savers and borrowers? Discuss focusing on a country of your choice.
1. Focusing on a single country case study, analyse who really creates ‘money’ in the economy.
1. Can tools of finance price uncertainty? Answer focusing on either:
a) the behaviour of the financial markets post-Brexit vote;
b) the reaction of the financial markets to the election of Donald Trump.
1. Are bubbles always driven by irrationality? Answer with reference to one of the following:
1. What are the endogenous developments in the financial system that have led to the 2007-09 financial crisis?
1. What are the limitations of Post-Keynesian analyses of the nature of the 2007-09 crisis?
1. What are the limitations of behavioural economic analyses of the 2007-09 crisis?
1. What does Minsky’s notion of Ponzi finance suggest about the sources of financial fragility today? Answer focusing on one of the following: a) the collapse of Parmalat in 2003; b) the collapse of Enron in 2001; c) the Russian default of 1998.
1. Critically analyse Chandler’s theory of the M-Corporation with regard to a transnational corporation of your choice. Is the theory relevant today?
1. How relevant is the theory of transaction cost economics today? Answer with regard to a case study of a firm of your choice.
1. Identifying an area of activity or a sector that can be understood as a club good, critically discuss the relevance of club good theory.
1. Identifying a relevant resource, critically analyse the relevance of the CPR theory.
1. In what sense can we think of the firm as a political actor? Discuss focusing on a bank or a corporation of your choice.
