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Магистратура 2019/2020

Экономика переходного периода и развивающихся рынков

Статус: Курс по выбору (Политика. Экономика. Философия)
Направление: 41.04.04. Политология
Когда читается: 1-й курс, 2 модуль
Формат изучения: MOOC
Прогр. обучения: Политика. Экономика. Философия
Язык: английский
Кредиты: 5

Course Syllabus

Abstract

The course analyzes challenges faced by transition and emerging-market economies, i.e., those middle- and low-income countries, which have conducted market-oriented economic reforms and become integrated into the global economy since 1990s. It starts from a brief history of communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its evolution and collapse at the end of 1980s/ early 1990s and subsequent transition to a market system in 1990s and 2000s. Then it analyzes experience of market reforms in China, India, other Asian countries, Middle East and North Africa, Sub-Saharan Africa and Latin America at the same period. Finally, it discusses the problems of contemporary global economy and global and regional economic governance with the special focus given to emerging-market economies and their role. By the end of the course students will be able to analyse emerging-market economies and economies in transition, taking into account their crucial characteristics and historical experience. Participation in the course does not require any preconditions, however, basic economic knowledge would be an advantage.
Learning Objectives

Learning Objectives

  • The purpose of this course is to offer Master students basic knowledge on economic problems and challenges faced by the group of transition and emerging-market economies.
Expected Learning Outcomes

Expected Learning Outcomes

  • Know the main trends in the development of the global economy, the rules that determine behavior of actors in transition and emerging-market economies
  • Be able to apply research methods to analyze key problems of economies in transition and emerging-market economies
  • Have the skills of statistical, analytical, scientific information analysis; of one's own judgments presentation and debate
Course Contents

Course Contents

  • Introduction
    This part of the course includes: (1) Course overview; (2) Evaluation system; (3) Suggested resources
  • Centrally planned economy: its origins, evolution and collapse
    In this module we will discuss the origins of a centrally planned economy, its major characteristics, evolution, attempts of its reform and history of its collapse, agenda of market transition in 1990s and its major components such as macroeconomic stabilization, domestic and external liberalization, and privatization.
  • Post-communist transition and its outcomes
    In this part we will discuss political economy of transition, controversies over a transition strategy, and first results of transition (at the end of 1990s), interrelations between market and democracy, and between economic and political transition, and the role of external actors in transition process.
  • The role of external actors in post-communist transition and economic reforms in Asia
    In this module we will discuss the role of external actors (IMF, World Bank, WTO, EU, etc.) in economic and political transition in Central and Eastern Europe and former Soviet Union, cumulative results of transition in early/mid 2010s, specifics of Chinese economic transition and its major stages, market reforms in other Asian countries (Vietnam, Laos, Cambodia, Myanmar, Mongolia, India).
  • Market reforms in the Arab world, Sub-Saharan Africa and Latin America
    In this module we will discuss market reforms in the Arab world (including the period of Arab Spring), Sub-Saharan Africa, Latin America, summary of emerging-market reforms since 1980s.
  • Emerging markets and their role in global economy
    In this module we will discuss causes and consequences of emerging market-crises in 1980s and 1990s, impact of the global financial crisis of 2008-2009 on emerging-market economies, the increasing role of emerging-market economies in the global economy.
  • EMEs, globalization and international trade
    In this module we will discuss consequences of globalization, changes in international financial institutions, emerging-market economies and global and regional trade systems.
Assessment Elements

Assessment Elements

  • non-blocking 6 tests
  • non-blocking Essay
  • non-blocking Academic supervisor control
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.42 * 6 tests + 0.28 * Academic supervisor control + 0.3 * Essay
Bibliography

Bibliography

Recommended Core Bibliography

  • Lakshmi Iyer. (2016). Institutions, Institutional Change and Economic Performance in Emerging Markets. World Scientific Publishing Co. Pte. Ltd. https://doi.org/10.1142/9777
  • Montiel, P. (2011). Macroeconomics in Emerging Markets (Vol. 2nd ed). Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=366269

Recommended Additional Bibliography

  • Payne, C., & Garcia, S. (2018). Emerging Markets : Recent Developments, Challenges and Future Prospects. New York: Nova Science Publishers, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1670038
  • Reynolds, J. V. (2010). Emerging Markets : Identification, New Developments and Investments. New York: Nova Science Publishers, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=340220