INTL 325 - China, Russia and Central Europe in Transition

Intermediate Courses This course surveys the theoretic and empirical literature on Soviet-style central planning and the transition to a market economy. The economic history of central planning is examined with emphasis on the experience of the Soviet Union and its variants in Eastern Europe and China. The tool of analysis is the branch of economics known as the economics of organization and information, which will be used to analyze the operation, strengths, and limitations of central planning. The legacy of central planning forms the backdrop for an examination of the transition to a market economy. Prerequisites: ECON 119 and one 200s level Economics course; ECON 221 or ECON 225 are recommended. Alternate years. Prerequisite(s): ECON 119 and one 200-level course (221 or 225 recommended). (4 Credits)