Varieties of Capitalism

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Varieties of Capitalism

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    International Studies, International Trade, Public Policy Studies

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Varieties of Capitalism
    Bachelor in International Studies
    ECTS Credits: 6.0
    Semester: 2

    COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS

    BASIC AND GENERAL COMPETENCES
    BASIC COMPETENCES
    CB1 Be able to show that they possess and comprehend facts and contents in an area of study which, based on a previous general secondary school level, have been extended to those included in advanced textbooks and in some aspects proceed from the most advanced studies in this area.
    CB2 Be able to show that they have learned how to apply their knowledge professionally to their future jobs or tasks and that they possess the competences needed to develop and defend arguments and solve problems in that area of study.
    CB3 Be able to show that they are capable of collecting and interpreting the relevant data (normally within their area of study) needed for formulating judgments which require critical thought on social, scientific and ethical topics of relevance.
    CB4 Be able to show that they are able to transmit information, ideas, problems and solutions both to specialized and non-specialized publics.
    CB5 Be able to show that they have developed the learning skills required to perform further studies with a high degree of self-dependence.

    GENERAL COMPETENCES
    CG1 Understand social, political, legal and economic realities from a comparative perspective.
    CG3 Know quantitative and qualitative research techniques and possess the ability to choose which is most adequate to apply in the field of Social Sciences.
    CG4 Be able to manage information: identify, organize and analyze relevant information critically and systematically within the context of international relations.
    CG5 Be able to debate and formulate critical reasoning, using precise terminology and specialized resources, when analyzing international and global phenomena, employing both the concepts and knowledge from different disciplines as well as the methods of analysis, paradigms and concepts pertaining to the Social Sciences.
    CG6 Be able to apply scientific method to the economic, social and political questions of a global society; be able to formulate problems in this context, identify a possible explication or solution, and a method to contrast them by sensibly interpreting the data.

    OVERLAPPING COMPETENCES
    CT1 Acquire the capacity to communicate knowledge in oral and written form, both to specialized and to non-specialized publics.
    CT2 Acquire the capacity to establish good interpersonal communication and to work both in interdisciplinary and international teams.
    CT3 Acquire the capacity to organize and plan workloads, taking correct decisions based on the available information, collecting and interpreting relevant data in order to provide assessments in that area of study.
    CT4 Develop the motivation and capacity to perform independent continuous learning for life, with an endowment to adapt to change and new situations.

    SPECIFIC COMPETENCES
    CE8 Understand the structure of markets and the impact of public intervention on markets.
    CE9 Be familiar with and comprehend the relevance of technological change for economic and social development.
    CE10 Be able to discern the differentiating elements in international problems in accordance to the development stages of a country.
    CE13 Be familiar with the principles of cost-benefit analysis and its application to basic problems.

    LEARNING RESULTS
    · Knowledge of the essential characteristics of capitalism, their institutional variation, their historical development and their political and institutional role in contemporary States.
    · Applied knowledge to analyze the principal components of the capitalist system in the framework of globalization and the interaction (complementarity) between both: relations between labour markets, collective negotiation, technology innovation, human capital and productive skills, firms, unions, and Welfare state.

    DESCRIPTION OF CONTENTS: PROGRAMME

    Capitalism and globalization. Institutional and economic characteristics of capitalism. Capitalism in developed and developing countries. The Chinese path to capitalism. The capitalism of the former comunist countries. The concept of the varieties of capitalism. The elements which constitute the types of developed capitalism: labour markets, human capital, firm governance structure, force and size of unions, innovation regimes, the role of State. The key concept of complementarity in different characteristics which define the types of capitalism. Liberal capital markets and coordinated capitalist economies. Varieties of capitalism and the European Union.

    ASSESSMENT SYSTEM

    - 40% Continuous work (assingments, labs, practicals, etc.)
    - 60% End-of-term exam

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.