Economics | Comparative Economics & Economics of Transition
E698 | 1665 | Alexeev

E698 - Comparative Economics & Economics of Transition
	This course concentrates on transition from central planning
to a market-oriented system.  In order to study this transition,
however, it is necessary to understand the basics of the traditional
centrally planned system.  For this reason, and also because the
knowledge of the Soviet-type systems enhances our understanding of how
markets work, the first part of the course is devoted to the analysis
of the record and functioning of centrally planned economies.  We will
also address the difficulties with partial reforms of the traditional
system.  The second part of the course will deal with the two key
components of market-oriented reforms (price liberalization and
privatization) and examine the reform of government institutions and
difficulties with establishing a credible system of property rights.