Comparative Socio-Economic Systems 2104-UPIR-D3CSES

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Class unit outline (subject to changes):

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

Term 2024Z:

BLOCK 0 - organizational activities
Credit requirements and organization of classes
Literature
Presentation of the class outline

Prerequisites (description)

The aim of this module is to make students familiar with theoretical and empirical aspects of state influence on economy and economic growth. The programme is designed to focus on both macro- and microeconomic mechanisms of state economic intervention and their effects. Moreover, the module looks at selected case studies of various economic systems.

Course coordinators

Karina Jędrzejowska

Type of course

obligatory courses

Mode

Classroom

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 test: 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:

MATERIALS FROM LECTURER'S PRESENTATIONS.

Term 2024Z:

MATERIALS FROM LECTURER'S PRESENTATIONS.

Notes

Term 2024Z:

Important information:
Articles and reports will be provided for each class on an ongoing basis; in addition, knowledge of the material from the presentation is mandatory for the final written test;
Classes are accompanied by materials posted on the kampus platform;
Classes in the form of introductory lectures in the classroom with the use of multimedia materials (presentations, video tutorials, quizzes).

Additional information

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

Description of 2104-UPIR-D3CSES in USOSweb