This course evaluates the workings of different economic systems. Selected basic theoretical and conceptual issues comparison criteria, basic economic institution, centralization versus decentralization, and ideologies are examined. The basic economic models, capitalist market versus non-capitalist market, planned versus command economics are treated in-depth to embody the institutional arrangements in the contrast of the USA, UK, Japan, Netherlands, Indian and Nigeria. Finally, the economies of Russia, China, Yugoslavia, Hungary and Cuba are treated  following a brief discussion of Marxian economics such that doctrinal issues in the development of the discipline particularly methodologies are treated in the context the contemporary economics systems and Nigeria.

 


Level of Study: 400 Level