Comparative Economic Institutions and Economic Policy

Global economic competition is driven by differences in national economic institutions, regulatory regimes and economic policies. The course aims at exploring the theoretical foundations for understanding these complex phenomena and at applying these insights on the analysis and assessment of institutional alternatives. Analytical tools of institutional economics are combined with cross-disciplinary perspectives of political science, sociology and anthropology. Based on an exemplary comparison between the ‘Socialist Market Economy’ of China and the ‘Social Market Economy’ of Germany, students prepare country case studies in teams that are presented at a concluding workshop.