305 - Comparative Economic Systems
|TR 9:30 - 10:45 AM
Hours: TWR 2:00-2:45 PM
or email me
for an appointment
ECON 305 examines the major
economic systems of the world,
in both theory and practice. The approach will generally focus on
a general understanding of how economic systems work and how economic
interacts with government policy, history, and culture to explain
performance. Economies examined in some detail will include
advanced market capitalist countries (e.g., the U.S., Japan, France,
and Germany), the former socialist economies (e.g, the former Soviet
Poland, and China), and other East Asian economies (e.g., South Korea
North Korea). We will also consider Iran as an example of an
economy, and India as an example of an isolationist country that is now
beginning to join the global economy.
study in economics (ECON 102 and 103) is
required, but this course
will be less mathematical than other theory courses. It will, however,
require you to become familiar with available data on economic
performance. As a course which
spends substantial time focused on the diversity of economies, ECON 305
meets the diversity
of the University
. One expected component of the diversity
is a rigorous
If you want to know why it is important to learn the material in this
course, you might view this You-Tube video called, Americans
are not stupid
. I find it more painful than funny, and I hope
that it is not a statistically valid sample of my fellow Americans.
The first three books are available at
Shop in Joe Crowley Student Union (JCSU), which will also do
you. The fourth is online.
- Heilbroner, R.L., & W. Milberg
(2007), The Making of Economic Society,
12th edition (Prentice Hall, paperback). ISBM 0131704257.
Helpman, E. (2004), The Mystery
of Economic Growth. Belknap Press, paperback, required.
- Baumol, W.J., R.E.
Litan & C.J. Schramm (2009), Good Capitalism, Bad
Capitalism, and the
Economics of Growth and Prosperity. Yale University Press,
- Maddison, A. (2006), The
World Economy (OECD Development Centre Studies, PDF). Volume 1: A
Millennial Perspective. Volume 2: Historical Statistics. Available
for free online, and through the University
Core Objectives and Student Learning Outcomes:
As a course which spends substantial time
the diversity of economies, ECON 305 currently meets the diversity
of the University Core Curriculum. One component of the diversity
is a rigorous writing requirement. In the new Silver Core, this course
satisfy Core Objective 11 (Global
Contexts). This course
will also develop a discipline-specific competency in CO1 (Effective
Composition & Communication) and CO3 (Critical
Analysis & Use of
The Student Learning Outcomes are as follows:
- Students will demonstrate knowledge of the
economic concepts important to understanding how economies perform.
- Students will demonstrate knowledge of how
government policies can affect economic performance.
- Students will demonstrate an understanding of
major economic events in the major economies of the world, and how
those events and associated government policies in those countries
affected their economic performance.
- Students will demonstrate an ability to
collect, analyze and present data on economic performance in the
world’s major economies.
- Students will produce an original and
well-written research paper on a general topic assigned by the
This course requires a
of writing, and your
ability to express yourself clearly in writing will significantly
your grade.Grading will depend on:
- Three Exams
(two midterms and a final) -- each worth 20%. See the schedule
below for tentative dates for the midterms, and the final schedule is
set by the university.
Papers -- the first worth 10%, the second worth 20%.
- Daily In-Class
will be long, in-class, and closed-book. These usually include
essays, requiring both an ability to express yourself in writing
a good understanding of the lectures and the assigned readings, though
as my class grows ever larger I am experimenting with other
formats such as multiple-choice and true-false questions. You will find
the exams challenging. Papers
will be assigned at least two weeks in advance of their due dates,
are expected to be in formal APA academic style.
They will require additional research. Quick
are in-class assignments intended to help you reflect on
something you learned each day.
Some of my old exams will be made available on Webcampus for study
purposes. A few will have keys included, but others won't.
is the Difference
between A and C students?
Read the university
policy on academic integrity. Misconduct incorporates both
and plagiarism, and this includes both copying someone else's
work as well as letting your work be copied, bringing in notes, text
messaging or taking pictures of the exam, using other
people's words or ideas and passing them off as your own, et
cetera. One common example is a student who copies whole sentences
even paragraphs from an internet source, perhaps changing a few words
there to pretend it is "different" somehow. Even if you then cite the
source, it is still
plagiarism if you do not put quote marks around the words you borrowed.
will be severely punished,
ranging from failing
the exam or assignment at a minimum to failing the course and even
the university, in egregious cases or in cases where there is evidence
of any prior offenses. Students who are caught cheating also
their chance at college scholarships.
I am serious
as a heart
attack about this. Every semester I catch somebody doing this who
then claims ignorance of what is and isn't cheating, and I am tired of
Academic Success Services:
fees cover usage of
(784-6801), and University Writing Center
centers support your classroom learning; it is your responsibility to
take advantage of their services. Keep in mind that seeking help
outside of class is the sign of a responsible and successful student.
Audio and Video Recording:
or covert video-taping of class or unauthorized audio
recording of class is prohibited by law and by Board of Regents
class may be videotaped or audio recorded only with the written
the instructor. In order to accommodate students with
some students may be given permission to record class lectures and
discussions. Therefore, students should understand that their comments
during class may be recorded.
School and Work:
is essentially about making decisions when resources are scarce, and
time is often our most scarce resource. Many of you work, but
too much while going to school makes it hard to focus on your studies
and succeed in school. The College of Business Administration
recommends the following maximum relationship between work and
Hours Per Week
Taken per Semester
recommendations work both ways. For example, a student
hours per week should not take more than 15 credits and conversely, a
student who is taking 15 credits should not work more than 10 hours per
week. Of course, many of you will choose to exceed these
you should know that unless you have superpowers or take extremely easy
courses, you are setting yourself up for lower grades, inadequate
sleep, or other trouble. If you do not have scholarships or
means of support, then you might consider taking fewer credits per
semester and an extra year or two to graduate.
Students with Disabilities:
Any student who qualifies with a
disability is to provide his or her instructor with a letter from the
Disability Resource Center stating the appropriate accommodations for
this course. If you have a documented disability and wish to discuss
how these academic accommodations will be implemented for this course,
please contact the instructor during the first two weeks of class.
(Lecture Notes will be made available afterwards on Webcampus)
Economic Growth and
Read Heilbroner & Milberg,
ch. 1; Helpman, ch. 1-3; Maddison, ch. 1.
1.1 Measuring Economic Growth and
1.2 Markets and Government
1.3 What Makes Economies Grow?
Midterm Exam is tentatively scheduled for Thursday Sep. 25.
Capitalism and its
Read Heilbroner & Milberg,
ch. 2-10; Helpman, ch. 4-7; Maddison, ch. 2-3; and CIA country studies
2.1 The Developing World Economy
2.2 Economic Development and Policy
Western Europe: the United Kingdom, France, Germany, Ireland and Sweden
2.3 The United States and Western
2.4 East Asian Capitalism: Japan,
South Korea and Taiwan
Second Midterm Exam is tentatively scheduled for Thursday, Oct. 30.
The Socialist Experiment
Read Heilbroner & Milberg,
ch. 11-12; and CIA country studies for each economy studied.
3.1 The Soviet Union and Eastern
3.2 Reform and Transition After the
3.3 China’s Development
Performance in the Rest of the World
Read Heilbroner & Milberg,
ch. 13-15; and CIA country studies for each economy studied.
Exam is scheduled for Tuesday, Dec. 16, from 12:30-2:30 PM
Listserver / Newsgroup
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of conducting group discussions via email. If you find that you are not
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to everybody who has subscribed, including me. Try to keep
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and do not carry on private, irrelevant conversations on the
If you wish to make a reply to an individual, be careful not to send a
copy to the list. Also, do not flame!
Give other students
the respect you would demand of them; do not insult them explicitly or
implicitly, and do not say anything vulgar or improper.
that I will read your messages, and even if you send something to an
it is easy for him or her to forward it on to me.
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