The prompt
The term "moral hazard" has been in the news over the past few years. For example, the conflict of interest discussed in Chapter 1 is one type of moral hazard.
What does "moral hazard" mean?
Why is it a concern to many financial market observers?
What role if any did moral hazard play in the financial crisis of the last decade?
What, if anything, do you think should be done about it?
The details
Your essay should be 3 pages (approximately 750 words).
It will graded for the responsiveness and accuracy of your content. 1 will basically look for the following:
1) Argument
2) Organization/flow of essay
3) Logic
4) Supporting evidence
5) Creativity of presentation Note: Focus on the four questions in -The prompt". Do not miss any of them.)