March 27, 2020
University of Helsinki organizes a MOOC (Massive Open Online Course) about economic crises and how to ease them. The lecturers of the course, including Vesa Vihriälä, Olli Rehn and Sixten Korkman, are economists that have knowledge of economic crises from various angles.
No one knows how long the coronavirus epidemic will last. It is societies’ first priority to put an end to the epidemic.
At the same time, it is clear that the shutdown of economic activity leads to a massive economic shock all over the world, inevitably also in Finland. In addition to a health crisis, an economic crisis is also ahead of us, although we don’t know yet it’s nature or magnitude.
This is not the first economic crisis that the world, or Finland, has faced. Carmen M. Reinhart and Kenneth S. Rogoff go through the economic crises of the last 800 years in their famous book This time is different. The message of the book is that crises recur and they have a lot in common, but there are always differences, as well.
Respectively, the purpose of this course is to give perspective for the incoming crisis by going through the economic crises of the past, with emphasis on the crises of the last few decades. By analyzing what common and unique features the crises had and the attempts to ease the crises and their effects, we might be able to understand the current situation better and perhaps also suggest policy measures that could mitigate the damage.
More information, including the course program and the lecturers, can be found in Finnish here: https://www.helsinki.fi/fi/uutiset/talous-yhteiskunta/avoin-verkkokurssi-talouskriiseista-nyt-on-toisin-mutta-miten
You can find the course page here: https://mooc.helsinki.fi/course/view.php?id=319
You can also watch the lectures at the Tiedekulma’s website: https://www.helsinki.fi/fi/tiedekulma/katso-ja-kuuntele