ECON 4411 - Comparative Economic Systems

Credits: 3

Examines the theory and practice of differing types of economic systems with a particular focus on the role of institutions and the conflicts between the mechanisms of command, market, and tradition as means of coordinating economic activity. Topics covered typically include arguments for and against capitalism and socialism, the history of socialism, transitional economies, the European Union and the welfare state, and the emerging economies of Asia.Prereq: ECON 2201 and 2202