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Review of the record of economies of the former Soviet Bloc. Emphasis is on applied policy issues such as privati2ation, freeing prices, property rights, and macroeconomic stabilization. Usually offered every spring. Prerequisite: ECON-300 and ECON-301, or ECON-603. ECON-555 Economic Development of Latin America (3) Overview of post-World War n Latin American economic devel- opment; import-substituting industrialization, the growth of the urban informal sector, recurrent balance of payments and... fiscal crises, the debt crisis, stabilization and structural adjustment Eco- nomic analysis of principal policy issues: comparative advantage and structure of production, employment generation, foreign cap- ital inflow, privatization, public finance and regional fi'ee trade agreements. Usually offered every fall. Prerequisite: ECON-301 or ECON-603, or permission of department. ECON-571 Labor Economics: Theory (3) Contemporary the- ories of wages, employment, and prices; collective bargaining; the effect of collective bargaining on wages in the American econ- omy; theories and empirical studies of wage differentials.
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