Comparative Economic Systems

The comparative study of economic systems focuses on the comparative study of the formation and evolution of individual economies and the societies that surround them, creating the global system from antiquity to the present day. It points out that the social context, the cultural background, the technological dynamics and the policy of governments in all countries around the world, as well as individual economic events affect the effectiveness of any socio-economic system. The course aims to give students the opportunity to understand the performance of socio-economic systems around the globe, as well as the causes of individual local, national and even global crises.

Through the attendance and study of the course, students will be able to:

• To know the basic economic, political and social concepts required to understand the structure and dynamics of the modern global socio-economic system.
• Understand the functions and comparative efficiency of individual socio-economic systems.
• Understand how government policies can affect economic performance in different countries as well as how the most important economic events shape the historical development in the different economies of the world but also in the global system as a whole.
• Collect, analyze, compare and present data on the economic performance of the world’s largest and smallest economies.
• Understand and interpret the causes of major events, including financial crises.
• Ability to understand the basic economic concepts of perception of economic systems worldwide.
• Ability to understand the events and policies that influence the economies and societies of individual countries.
• Ability to draw conclusions about the performance of individual economies in the context of the modern international economy.
• Ability to understand the reasons that lead to socio-economic crises.
• Ability to have a global understanding of the socio-economic system.
• Ability to develop critical thinking about financial issues.