The transition from state ownership and central planning to mixed ownership structure with resource allocation by market mechanisms. “Classical socialism” is criticized and the processes of transition in countries of Central and Eastern Europe, the former Soviet Union, and Asia are compared. Prerequisite(s): ECON 1001 or FYSM 1003. Lectures three hours a week. [0.5 credits]
The transition from state ownership and central planning to mixed ownership structure with resource allocation by market mechanisms. “Classical socialism” is criticized and the processes of transition in countries of Central and Eastern Europe, the former Soviet Union, and Asia are compared. Prerequisite(s): ECON 1001 or FYSM 1003. Lectures three hours a week. [0.5 credits]
