DESCRIPTION, PURPOSE, AND METHODOLOGY OF THE COURSE:
A comparative study of the economic goals, theories of economic organization, institutions and development processes in individual nations, regional blocks and the reorganized multinational economic entities.
The purpose of the course is a critical review of the economic systems with reference to the economic institutions of contemporary economies and selected examples of centrally planned socialist economic systems like China and Cuba with capitalist systems like the European Union, U.S and Japan and economies in transition like Russia and the new members of the EU.
GRADING SYSTEM:
Class participation 10%
Midterm exam 20%
Final Exam 50%
Oral presentations 20%
OUTLINE OF THE COURSE
Part I: Basic Issues
1. Economic growth and human development.
2/3. Classification of countries.
4. Comparative Economic Systems.
5/6. Current international economic trends.
Part II: Great Powers and developing countries:
7/8. European Union economy and politics.
9. Enlargement of the European Union.
10/11. The USA and Japan.
12. Developing countries: Subsaharan Africa.
13. Developing countries II: Latin America.
14. Economies in transition: China and Russia.
15. Comparative Potential and global performance.
Part III: International Institutions
16/18. Regional trading blocs.
19. The United Nations System.
20. Global and regional financial institutions.
21. International Trade institutions.
22. Oral presentations.
23. Oral presentations.
26. Review for Final Exam.
27. Final Exam.
28. Extraordinary exam.
BIBLIOGRAPHY
MORRIS BORNSTEIN, Comparative Economic Systems: Models and Cases, 5th ed. (R.D. Irwin, 1985).
KENEN, P.B. y BERGSTEN, C.F. (2001). Managing the World Economy: Fifty Years After Bretton Woods. Institute for International Economics.
LETTERMAN, G, (2002). Basics of Multilateral Institutions and Multinational Organizations: Economics and Commerce. Transnational Publishers.
GERBER, J. (2002). International Economics. Addison Wesley. Boston.
STIGLITZ, J. (2002). Globalization and Its Discontents: W.W. Norton & Company.
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