Economy

Find a link that describes a “Credit Default Swap” and briefly summarize your understanding of it.  Here are a few links that I found helpful:

http://www.businessweek.com/articles/2014-01-30/credit-default-swap-market-shrinks-by-half

http://content.time.com/time/business/article/0,8599,1723152,00.html

http://www.youtube.com/watch?v=jHVnEBw93EA

Find a link that describes a “Collateral Debt Obligation” and briefly summarize your understanding of it.  Here are a few links that I found helpful:

http://useconomy.about.com/od/glossary/g/CDOs.htm

http://lexicon.ft.com/Term?term=Collateralised-debt-obligation-CD

http://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/CDO-tutorial/v/collateralized-debt-obligation--cdo

Find a link that describes the results of the Great Recession and briefly summarize your understanding of it.  Here are a few links that I found helpful:

http://education-portal.com/academy/lesson/what-was-the-great-recession-timeline-facts-causes-effects.html#lesson

https://webspace.princeton.edu/users/pkrugman/gr0203.pdf

http://www.csmonitor.com/Business/2013/0908/Timeline-on-the-Great-Recession

Develop a summary paragraph which includes credit default swaps, collateralized debt obligations, and consequences of the Great Recession.  Include some policy tools that were used to try and deal with these circumstances.