Comparative Socio-Economic Systems 2104-UPIR-D3CSES
Class unit outline:
BLOCK 0 - organizational activities
Credit requirements and organization of classes
Literature
Presentation of the class contents
BLOCK 1 - socio-economic systems: an introduction
Socio-economic systems: definitions, functions, classifications, structure
State intervention in the economy - between liberalism and interventionism
Functions of the state in the economy - what the state does in the economy and why
Market efficiency and market failure
Public goods (including global public goods)
Economic systems and globalization processes
Growth factors and business cycles
BLOCK 2 - selected socio-economic systems and mechanisms of transformation
Mechanisms of systemic transformation - shock therapy, gradualism, the role of structural adjustment and the Washington Consensus
Systemic transformation in Poland - background, Balcerowicz plan, effects
Liberalization of the economic system in selected developing countries - Brazil, India, South Africa
Social market economy (ordoliberalism) and welfare state - fundamentals, history, examples, evolution, modern interpretations in highly developed and developing countries
Market socialism - evolution of China's economic system
Market capitalism (developmental capitalism) and the "developmental" state (developmental state) - Japan and East Asian economies (South Korea), contemporary interpretations in Africa (Botswana) and Asia (India)
Capitalism - types, "glories and shadows", the future of capitalism, discussion: capitalism 3.0 and 4.0
BLOCK 3 - selected mechanisms of state economic policy in different systems
State budget - history, revenues, expenditures, functions, medium-term expenditure planning, case study: Union budget of India
Tax system - functions, types and classification of taxes, indirect and direct taxes, case study: history and evolution of value-added tax (VAT), Tobin tax and world tax proposals
Central bank and monetary policy - functions and independence of the central bank, strategies and tools of monetary policy, case studies: Federal Reserve System, European System of Central Banks, National Bank of Poland, Reserve Bank of India
Labour market regulation
Social security systems
Sustainable development policy
Prerequisites (description)
Course coordinators
Type of course
Mode
Learning outcomes
KNOWLEDGE: On completion of the unit students should be familiar with:
✓ current policy debates in contemporary macroeconomics
✓ basics of monetary policy, and its implications for the macroeconomics
✓ role of governments in economic systems
✓ theoretical and practical aspects of economic intervention
✓ various classifications of economic systems and their examples
SKILLS: On completion of the unit students should be able to:
✓ look for data on economic intervention with regards to selected countries
✓ differentiate and classify economic systems of individual states
COMPETENCES: On completion of the unit students should possess ability to:
✓ critically assess outcomes of government intervention
✓ assess the contemporary developments in major economies
K_W01; K_W03; K_W05; K_U01; K_U02; K_U04; K_K03
Assessment criteria
Completion of tasks on the kampus platform: 50% (50 points) of the final grade (5 x 10 points);
Passing the final written examination: 50% (50 points) of the final grade;
In order to complete the module students need to obtain a passing grade (more than 55% of the points) from all components of the assessment.
Practical placement
Non-applicable.
Bibliography
Acocella, N., Jones, B., Economic Policy in the Age of Globalisation, Cambridge Univeristy Press;
Mishkin, F.S., The Economics of Money, Banking and Financial Markets, Pearson;
Quere, A.B., Coeure, B., Jacquet, P., Pisani-Ferry, J., Economic Policy: Theory and Practice, Oxford University Press;
Schneider, G., The Evolution of Economic Ideas and Systems: A Pluralist Introduction (Routledge Pluralist Introductions to Economics), Routledge;
Tanzi, V., Government versus Markets: The Changing Economic Role of the State, Cambridge University Press;
Stiglitz, J.E., Economics of the Public Sector, W.W. Norton & Co.
Term 2023Z:
Acocella, N., Jones, B., Economic Policy in the Age of Globalisation, Cambridge Univeristy Press; MATERIALS FROM LECTURER'S PRESENTATIONS. |
Term 2024Z:
Acocella, N., Jones, B., Economic Policy in the Age of Globalisation, Cambridge Univeristy Press; MATERIALS FROM LECTURER'S PRESENTATIONS. |
Additional information
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