How to get away with a crisis?

These teaching packs are designed for 90-minute (online or offline) sessions that can be added to existing courses. They help students become familiar with an important topic that is often neglected. At some universities lectures and sessions are typically longer than 90 minutes and at others shorter. Feel free to adjust the material to make it with your context and purpose.

Crises are a key part of the history of the global economy. The impact of a crisis on the broader economy depends in large part on the policy taken by governments to respond to the crisis. This lesson introduces students to the crisis management theories of John Maynard Keyens by presenting them in the historical context of the Great Depression, the Post-War increase in the state in managing the economy, and the Energy Crisis of the 1970s. It then encourages students to think critically about the responses to contemporary crises. Your role as a teacher is to help them identify which parts of Keynes’s theory could be relevant to interpret the response to crises.