ECON 331 G - Comparative Economic Systems

Minimum Credit(s) Awarded: 4
Maximum Credit(s) Awarded: 4

A seminar designed to study the response of different societies to the economic problem of production, distribution and consumption. The creation of market institutions as the most prevalent solution to the basic economic problem will be the major focus of the course. Alternative solutions to the basic economic problem will be analyzed with the special emphasis on traditional and command style solutions to the economic problem. Comparative institutional responses will be explored with special attention to Japan, China, India, Russia, Poland and Bangladesh. The difficulties associated with the transition from a traditional society to a market driven society and the equally perilous transition from a socialist economy to a market driven economy will be explored through case studies.