Essay. Minimum length 850 words (you may write more than this if you wish).ESSAY QUESTIONIn After the Music Stopped, Blinder describes seven “Villains”, each of which contributed to causing the financial crisis of 2008.1) Describe and explain two of causes of the financial crisis. (Each one of these causes is complex in its own right, and in a short essay it is difficult or impossible to adequately describe all the relevant factors in detail. Try to give general descriptions and explanations that clarify key practices, events, institutions, decisions and/or policies and how the causes worked.) Your explanations should demonstrate sound, basic knowledge of key concepts studied in the course and descriptions of events, decisions, institutions and practices should be accurate.Your explanations should identify and describe key institutions, decisions, events, and provide some account of “what-caused-what”. For example, if you choose to write about rating agencies, you should address questions like these: What were these agencies? What did they do? How did their policies, decisions and actions (or lack thereof) help cause the crisis? Or, if you select the housing bubble, you should address questions like these: What happened during the housing bubble? How did the practices (and again be selective in describing which practices were most essential to causing the crisis) help cause the crisis? What were some of the key cause-effect relationships connecting these practices during the housing bubble to the meltdown of the financial system as a whole?2) In your opinion, which of these two causes contributed the most to causing the crisis. Explain why you hold this opinion citing a few facts.

PSY4540 Introduction to Professional Counseling SU01Students are assessed throughout a graduate program in professional counseling. Therefore, students must demonstrate competency in the following three areas: academic, professional, and clinical.Academic refers to the student's ability to achieve a 3.0 grade point average, and their ability to pass major examinations such as the Comprehensive Examination and the National Counselor Examination (NCE).Professional refers to the student's ability to understand and apply the ACA code of ethics, to understand and welcome diversity, to work as a team member, be part of a collaborative learning community, and be able to demonstrate constructive peer feedback.Clinical refers to the student's interpersonal competence to integrate counseling techniques and approaches, and the student's motivation to engage in reflective practice for enhancing self and other awareness.For this assignment, answer the following questions:(a) How can you prepare yourself for graduate study in each of these competency areas?(b) What information do you need to prepare yourself? Where can you find this information?(c) What do you think your role will be in helping your fellow students gain competency in these areas?(d) What do you think should happen if a student cannot demonstrate these competencies?