You must write a short focused essay on one of the topics below. (1,500 words maximum
Essay topics:
1.Critically assess the extent to which market failure and behavioural bias theory can explain financial crises in
general, referring to evidence from one recent financial crisis.
2.Critically assess the extent to which market failure and behavioural bias theory can explain bank failures
during the 2008 financial crisis, referring to evidence from one bank failure during the 2008 financial crisis

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