OBJECTIVES

This course is designed to help students to understand present day main economic problems The main objective of most of this course is to give students a historical perspective about them. Causes and characteristics of economic growth, spatial and personal income disparities, the nature and causes of economic crisis and the building of a global economy are the main issues to be discussed throughout the course. SYLLABUS 1. Economic development in the long run Growth and development. Modern economic growth: characteristics and causes. The two waves of globalization. Income disparities. Economic growth and environment. 2. Institutional change. Institutional change and market economies. The evolution of enterprises and the managerial business system. The evolution of the labor market. Emergence and evolution of the modern financial system. The growth of public intervention