2023-2024 University Catalog 
    
    Apr 14, 2024  
2023-2024 University Catalog
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EC308 - Transition to a Market Economy


An examination of problems of transitioning from a centrally directed, statist economic system to a system in which the market establishes what and how much the economy produces and consumes. The role of the price system and the function of profit in a market economy are discussed. Formal and informal institutional barriers to the transition will be evaluated.
Lecture Hours: 3 Lab Hours: 0 Credits: 3



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