Course content: The course deals with the fundamental characteristics of contemporary economic systems, and compares the dominant forms of modern market based economic systems (the American capitalism, EU countries economic systems, East Asian economic systems). Further emphasis is given to the rise and fall of the socialist economic system, and its transformation and transition towards a market economic system. Having in mind the changes in the global economy in modern times, globalization and its influence upon the functioning and formation of the contemporary economic systems is given due attention. |