L T P/S SW/F TOTAL

Course Title: Economic System & Society W CREDIT

Credit Units: 3 UNITS
Course Level: UG 3 - -
Course Code: ECON315

Course Objectives:This course will reflect the socio-economic change in Historical

perspective, capitalism as an economic system, structure of capitalism and
capitalism in global context.
Pre-requisites: Nil

Student Learning Outcomes:

 The student will be able to identify the different modes of production from
primitive society to socialist form of society structure.

 Clearly differentiate between changed productions relations from one mode

of production to another.

 Elaborate reasons for the dissolution of a society: see the shift from
feudalism toward capitalism

Course Contents/Syllabus:
Weightage (%)
Module I: OVERVIEW 30

Analyzing Socio-Economic Change in Historical Perspective

Different modes of production- Primitive society, Slavery,
feudalism, capitalism and feudalism.
Module II CAPITALISM AS AN ECONOMIC SYSTEM

Origins, nature and structure of capitalism 25

Accumulation and crisis
 Alternative perspectives on capitalism.
Module III: TRANSFORMATION OF SOCIAL
SYSTEM 25

The transition from feudalism to capitalism

Module IV CAPITALISM IN MORDEN 10

PRESPECTIVE
The evolving structure of capitalism: Monopoly capitalism
The modern corporation: divorce between ownership and
control The institutional diversity of capitalism
Alternative perspectives on the role of state.
Module V CAPITALISM IN GLOBAL CONTEXT 10

Capitalism in Global Context: Multinational corporations

and their impact on the developing economics
Imperialism.

Pedagogy for Course Delivery:

The class will be taught using theory and readings from eminent economists
like Marx, Hilton, Schumpeter, Baran and many more.In addition to the core
readings for this subject, the course instructor will spend considerable time
in trying to identify if these thoughts around the evolution of different modes
of production can be applied to the current economic order globally..
Assessment/ Examination Scheme:

Theory L/T (%) Lab/Practical/Studio (%) TOTAL

100 NA
100
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment End Term
Examination
Components
(Drop down)
Class Class Viva Attendance
 test 1 Test 2

Weightage
(%)
5% 15% 5% 5% 70%

Text &References:

Text:
1. J. Schumpeter (1942), Capitalism, Socialism and Democracy, George Allen
and Unwin (1976 edition).
2. T. Bottomore (1985), Theories of Modern Capitalism, Allen &Unwin.
Chapters on Weber & Schumpeter.

References:
1. D. Foley (1983), “Commodity”, in T. Bottomore et al(ed.), The Dictionary of
Marxist Thought., OUP, (Indian edition, Maya Blackwell, 2000)
2. R. Blackburn (ed.) (1972), Ideology in Social Science, Chapter 8, Fontana
3. Rodney Hilton(ed.) The Transition from Feudalism to Capitalism,
Introduction
4. P. Hirst and J. Zeitiln (1997), “Flexible Specialization: Theory and Evidence
in the Analysis of Industrial Change”, in R. Boyer et al (ed.), Contemporary
Capitalism, Cambridge University Press.