Paper- Subprime Crisis
Administrative
•Document type: Microsoft Word or pdf
•Paper length: No longer than 6-pages double spaced
•Font: 12 Times New Roman
•Cover page: Include a title and your name (does not count towards your page count)
•Citations: All non-original thoughts should be cited using APA standards
•Header/Footer: Header (top left) on each page with your full name and a footer (bottom right) page numbers
•Other: One class session prior to the due date for the first essay, students will be asked to bring a ~200-word abstract of their essays to class for a short, in-class writing workshop.
Paper Details
Overview: The "subprime crises" was one of the most significant financial events since the Great Depression. Eight years later the question still remains, could the subprime crisis have been averted? Your paper should explore and analyze the ethical responsibility of one of the stakeholders involved in the subprime crisis (i.e., homebuyers, real estate brokers, local banks, investment banks, investors, rating agencies, Federal Reserve, etc.). The paper should frame, discuss, and analyze the stakeholder's ethical values, the specific market imperfection that led to the ethical dilemma, the ethical responsibility of the stakeholder to his/her constituents as well as to the greater society, and the stakeholder's (un)ethical decisions. As we have seen from our class discussions, ethical dilemmas can be difficult to navigate. The paper should not be a simple critique of the stakeholder's decisions, but instead an insightful analysis of the context surrounding the stakeholder's ethical decision(s). The purpose of the paper is not to blame any individual stakeholder, but instead to deeply analyze the ethical dilemmas that individual stakeholders encountered.
Whatever topic the papers address, their contents should show evidence of practical reasoning that integrates three distinct, though interrelated forms of thought (adapted from Rethinking Undergraduate Business Education: Liberal Learning for the Profession, Anne Colby, Thomas Ehrlich, William M. Sullivan & Jonathan Dolle (2011):
•Analytic, i.e., making sense of particular phenomena in terms of general concepts, abstract rules or principles;
•Multiple framing, i.e., critically synthesizing distinct models or systems by calling into question basic assumptions and creating alternative ways to frame issues; and
•Reflective exploration of meaning, i.e., imagining alternative versions of ‘the good life', and exploring their meaning in reference to personal identity, including ethical values, cultural heritage and historical contexts.
Writing coaches will read and evaluate paper drafts in terms of the following criteria:
•Structure: Introduction engages the audience; body logically and concisely advances the argument; closing ties together and synthesizes main point. In general, ideas are easy to distinguish and follow.
•Coherence: Paper addresses different ideas in distinct paragraphs with meaningful transitions; within each paragraph, ideas are underscored with supporting details.
•Style: The writer establishes a clear, consistent and recognizable voice; prose is concise, avoiding jargon or overblown wording.
•Syntax and Grammar: Sentences are grammatically complete and without error. Pronouns, subjects, verbs, tenses, and singulars/plurals all agree. All words are spelled properly.