Budapest, Hungary

Comparative Economic Development

when 11 July 2022 - 15 July 2022
language English
duration 1 week
credits 3 EC
fee EUR 350

This course offers to students a comprehensive overview of the new and vibrant field of comparative economic development that has emerged from transition economics, economics of central planning and political economics. Before the economics of transition, comparative economics was devoted mostly to the comparison of capitalism and socialism, and in practice mostly to the study of socialist economic systems (central planning, Yugoslav self-management, market socialism). The transition experience and the economics of transition have shown the importance of the institutions underlying the capitalist system. Comparative economics is now turning to the comparative analysis of institutions of existing capitalist systems and to the historical evolution of those institutions.

Course leader

Theocharis N. Grigoriadis is associate professor at the Freie Universität Berlin. He has a PhD both in world economy and political economy. His publications focus on political economy, economic development, and international economics.

Target group

BA and MA students, recent graduates

Course aim

• understand the role and impact of institutions on economic outcomes
• analyze the institutional differences of Chinese and Russian economies compared to OECD economies
• delineate the relationship between democracy, capitalism and development
• explain the impact of culture and religion on economic growth
• provide linkages between financial development and historical institutions

Fee info

EUR 350: Fee includes: participation in one course , evening talk, certificate of participation, transcriptfor ECTS transfer (if requested, Wifi on campus , welcome reception.
Fee does not include: accommodation, travel to Budapest, local transportation, health insurance.
The course fee does not include accommodation, transportation or health insurance.
EUR 280: Early bird fee until 30 April.


No scholarship is available.