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Economics: Comparative Economic Systems

EC 116 OL1 (CRN: 61369)

3 Credit Hours

About EC 116 OL1

Major economic systems of the world, in both theory and practice, with focus on understanding how economic systems work and how economic theory interacts with government policy, history, and culture to explain economic performance. Prerequisites: EC 011 and EC 012.


Dates: July 1 - August 9, 2019; Prereqs: EC 11 and EC 12

Section Description

Study of theory and practice of various forms of 21st century capitalism, with focus on comparing market-based capitalism as practiced in the United States with forms of state capitalism and welfare capitalism. Attention to role of socially-owned natural oil and gas industries, sovereign wealth funds, and foreign investment strategies. Case studies include: US, Russia, China, Saudi Arabia, Sweden.

Section Expectation

10-12 hours per week to read assigned articles and listen to online video lectures. 6-8 hours to prepare weekly essays. This is a writing intensive course.


Grades are based on 6 writing assignments assigned at the end of each week of the course. Each assignment will be approximately 1500-2500 words.




Online Course (View Campus Map)