The world has faced a great economic recession in 2008, which effected most of the countries in the world, the financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. The student is required to: 1- Write an introduction on 2008 financial crises and derivatives (200 words) 2- Critically discuss the effects of financial crises 2008 (400 words) 3- Critically identify the types of derivatives (400 words) 4- Critically discuss the advantages and disadvantages of derivatives (400 words) 5- Critically analyse the role of derivatives in crises 2008 (400 words) 6- Proper conclusion giving summary and your opinion (200 words) Write minimum 10 references as per Harvard referencing style