Academic Catalog 2023–2024

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ECO333 Comparative Economic Systems

[3–0, 3 cr.]

This course will examine the basic principles and institutions of past and contemporary economies, with a special emphasis on capitalist, socialist and mixed economic systems. The course provides information on the methodology to be employed in making economic and social comparisons across countries and regions, by exploring differences in institutions, policy and performance. In addition to comparing capitalist and socialist systems, the course will study the contemporary experience of transition from one economic system to another. The course will also devote attention to the growing interest in the comparative analysis of institutions in capitalist societies, and to the historical evolution of these institutions. The course introduces students to recent comparative research on globalization and varieties of capitalism.


Prerequisites: ECO201 Microeconomics and ECO202 Macroeconomics