Major economic systems of the world, in both theory and practice, with focus on understanding how economic systems work and how economic theory interacts with government policy, history, and culture to explain economic performance. Prerequisites: EC 011 and EC 012.
Dates: July 2 - August 10, 2018; Prereqs: EC 11 and EC 12
ECON 116 examines the major economic systems of the world, in both theory and practice. The approach will focus on encouraging a general understanding of how economic systems work and how economic theory interacts with government policy, history, and culture to explain economic performance. We will contrast a market-based, neoliberal model with that of state-directed capitalism. Each summer we explore a new set of countries, and for 2018 we consider United States, Russia, China, Sweden and Norway. With each country we focus on one key issue, such as oil policy and Russia, dynamics of Chinese-led growth of the Asian economies and corporate/state relations and inequality with the United States, and economic efficiency and equality in the Scandinavian model.
6 written assignments due at the end of each week
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|EC 011 OL2||Economics: Principles of Macroeconomics (online)||to||N/A||See Notes||3||60064|
|EC 120 OL1||Economics: Money and Banking (online)||to||N/A||See Notes||3||60030|
|EC 120 OL2||Economics: Money and Banking (online)||to||N/A||See Notes||3||60070|
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