Students must answer BOTH questions:
a) The financial crisis of 2007-2010; should accounts of its causes focus on the world of finance alone? (50 marks).
b) Drawing on your answer to part A, explain how and why Lehman Brothers’ collapsed in October 2008. (50 marks)
NB: Students are encouraged to make use of a range of sources, including lectures, recommended reading, the Lehman Bros. case pack, company accounts, analyst reports, official reports, and self-selected material from reliable and reputable sources.
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