Course datasheet
Comparative economics
Comparative economics
Course code: KOZNXV4OG04
Course name : Comparative economics
Course name (Hungarian): Comparative Economics
Number of hours per semester: 2 + 2
Credits: 6
Fall/Spring: In each Fall Semesters
Language: English
Prerequisites:
Course type: előadás + gyakorlat
Department: Összehasonlító és Intézményi Gazdaságtan Tanszék
Course leader: Dr. Hámori Balázs
Course description: Course goals: The aim of the course is to understand the logic and the
different forms of industrial and post industrial economies, generally speaking, the market
economies in a theoretical framework built on the conceptualization of the inter-relationship of
economic, social and (partly) political structures. The readings shed light on the thinking of the new
institutional economics and the historical and also the most recent forms of modern economies and
economic polices. The course helps to understand the peculiarities of different types of modern
economies, especially capitalism and state socialism and the reasons of collapsing the latter in
Central and Eastern Europe. In this respect, the course focuses on the analysis of the state socialist
economic model and its development over the past decades in order to provide a solid theoretical
basis for the comparative analysis of the social transition in Eastern Europe and China. The course
gives the opportunity for the students to discuss and to learn more about the issues, the findings,
and the instruments of the new institutional economics and social sciences.
Course requirements during the semester: It is important to attend class regularly as well as to
do the readings as attendance and participation is a significant part of your grade. Over the
Semester classroom participation is obligatory, furthermore in class presentations, individual and
team exercises, role-playing games, home assignments needed to be completed
Examination requirements: See it below
Assessment, grading: It is important to attend class regularly as well as to do the readings as
attendance and participation is a significant part of your grade. Over the Semester classroom
participation is obligatory, furthermore in class presentations, individual and team exercises,
role-playing games, home assignments needed to be completed; for a maximum of 50 points. During
the semester, students complete two quarterly written examinations for 25 points each, in all
together for 50 points.
The final grade is determined according to the followings:
0 – 59 points: unsatisfactory/failed
60 - 69 points: satisfactory/poor
70 – 79 points: average/fair
80 – 89 points: good/good
90 points and above: excellent/excellent
Aims, objectives and description of the course: Weekly syllabus:
Part I. – Institutions and their organization towards an economic system
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Course datasheet
Comparative economics
Week 1: Comparative economics and the institutions.
Week 2: The economic system.
Part II. – Modern market economic systems
Week
Week
Week
Week
Week
3:
4:
5:
6:
7:
The
The
The
The
The
versions of modern capitalism.
model of the market governed mixed economy. The case of the United States.
model of the state governed mixed economy.
neocorporative (negotiation-based) mixed economy. The Austrian case.
first quarterly written examination.
Part III. – The post-socialist systems and their antecedents
Week 8: The post-socialist system.
Week 9: The post-socialist transformation and the change of regimes. The Russian and the
Hungarian cases.
Week 10: The transformation of the socialist system in China.
Week 11: Japan and Brazil. Comparing Asian and Latin- American development tendencies
Part IV. – The latest developmental tendencies of the economic systems
Week
Week
Week
Week
12:
13:
14:
15:
The impacts of information technology on the transformation of the market economies.
Economic systems and globalization.
From the welfare-state to the opportunity creating state.
The second quarterly written examination.
Readings: Readings for each class session will be announced as the semester progresses.
Course schedule: Weekly lecture and seminar. Students make presentations on topics allotted in
advance.
On Tuesdays 15:30 – 18:50, “E” Building, Room No 334
Weekly syllabus:
Part I. – Institutions and their organization towards an economic system
Week 1: Comparative economics and the institutions.
Week 2: The economic system.
Part II. – Modern market economic systems
Week
Week
Week
Week
Week
3:
4:
5:
6:
7:
The
The
The
The
The
versions of modern capitalism.
model of the market governed mixed economy. The case of the United States.
model of the state governed mixed economy.
neocorporative (negotiation-based) mixed economy. The Austrian case.
first quarterly written examination.
Part III. – The post-socialist systems and their antecedents
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Course datasheet
Comparative economics
Week 8: The post-socialist system.
Week 9: The post-socialist transformation and the change of regimes. The Russian and the
Hungarian cases.
Week 10: The transformation of the socialist system in China.
Week 11: Japan and Brazil. Comparing Asian and Latin- American development tendencies
Part IV. – The latest developmental tendencies of the economic systems
Week
Week
Week
Week
12:
13:
14:
15:
The impacts of information technology on the transformation of the market economies.
Economic systems and globalization.
From the welfare-state to the opportunity creating state.
The second quarterly written examination.
Readings: Readings for each class session will be announced as the semester progresses.
Learning outcomes: Deeper and widened theretical knowledge, more applicable economic models,
better analytical and decision making capabiligties and skills
Course assessment during the semester: Midterm exam papers
Assignments: Presentations of given topics, individual and team exercises, midterm exam papers,
twice in a Semester
Program’s name: Erasmus Exchange Students, and International Economics and Business
Readings:
Compulsory readings:
Readings for each class session will be announced as the semester porgresses
Recommended readings:
Readings for each class session will be announced as the semester porgresses
Course professor(s)/lecturer(s): Dr. Hámori Balázs, Tóth László
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