Feb 26, 2024  
College Catalog 2011-2012 
College Catalog 2011-2012 [ARCHIVED CATALOG]

ECON 325 - China, Russia and Central Europe in Transition

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. Alternate years. Prerequisite(s):   and a 200-level ECON course from Group A electives; ECON 221  or ECON 225  are recommended (4 Credits)