ECONOMICS FOR REAL PEOPLE: The Epitome of the Financial Collapse

Here’s the note about tomorrow night’s session hosted by our friends at the Auckland Uni Economics Group:

The most spectacular collapse of the 2008 financial crisis was Iceland’s financial system. It was wiped out, and it nearly wiped out the country.
    How could such a developed and sophisticated economy collapse so spectacularly? And what has happened since?
  Turns out this is one of the most important questions that can be asked about the ongoing world economic malaise,  because the Icelandic experience mirrors the experience of many other developed countries, but in microcosm – making it very easy to understand.
    In other words, understand why the Icelandic economy experienced a boom and then a spectacular bust and you will understand causes and consequences of the continuing economic crisis.
    And note: the real reasons for the collapse of Iceland‘s economy will probably come as much of a surprise to you as it did to them.
    Come along and learn more!
        Date: Thursday, 31 July
       Time: 6pm - 7pm
        Location: Case Room Two, Level Zero, University of Auckland Business School, Grafton Rd
                              (plenty of parking in the basement, entrance off Grafton Rd)
All welcome!
We look forward to seeing you there.
Auckland University Economics Group