ECO 145 - Comparative Economic Systems

Semester Hours: 3

Periodically
Theory and history of markets and alternatives to markets as allocators of resources. Successes and failures of centralized economic planning (U.S.S.R., Maoist China, Cuba), reform of centrally planned economies (Russia, post-Maoist China, Eastern Europe), determination of the appropriate mix of regulation and marketization (U.S.A., Western Europe, Japan). Techniques of planning.