Finance, Financial Crises and Economic Development

2~4 short essays question
I’ll post a question at 3am (NY time, 7 hours later)
You have about 90 minutes to answer the questions.
No word limit, open book
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class about：
The global financial crisis (GFC) of 2007-2012 was not just an economic calamity, it also precipitated a crisis in economic and political ideas. The pre-crisis faith that free (and globalised) financial markets would produce efficient outcomes has been significantly eroded. More than a decade on, policymakers still struggle to engage with a more empirically groundedand less dogmatic brand of economics, and the differing policy prescriptions that it might suggest.
The global financial crisis and current ongoing pandemic are the defining economic crises of our times. Students of public policy must have a sound understanding of the causes and consequences of the financial crisis, the ideas in finance and economics that contributed to it, and how those ideas and their policy implications are debated. This is what the course aims to provide.
This module takes a practitioner-oriented perspective to the study of finance and economic development after the crisis and examines its policy implications. It examines the lasting effects of what Martin Wolf, chief economics commentator at the Financial Times, has called a series of crises that “destroyed confidence in the competence and probity of financial, economic and policymaking elites”, especially those in the advanced economies.