Delivered at:: School of World Economy

Course type:: Elective course

When:: 4 year, 1, 2 module

Instructors

Grigoryev, Leonid M.

Mezhidova, Dzhanneta

Serova, Daria

Full Syllabus

Abstract

Russian economy has been developing under idiosyncratic factors, but no comprehensive overview had been taught so far. The historic, demographic and political context is important just as patterns of consumption or energy balance. The purpose of this discipline is to analyze Russia’s economic development, its transformation process and the role in the global economy. This course is aimed to deepen the students’ knowledge about the Russian economy. Topics and discussions cover the two important features: i) the place Russia possesses (and possessed) in the world, ii) various social and economic issues studied by Russian and foreign economists. In addition to advanced studies of Russian economy, the discipline encourages students to master their communication skills, analytical capabilities and academic writing.

Learning Objectives

To analyze Russia’s economic development, its transformation process and the role in the global economy.
To deepen the students’ knowledge about the Russian economy.

Expected Learning Outcomes

Articulates key factors and stages of growth, the problems of fixed capital accumulation, interest rates and inflation, analyzes state policy in the field of economy, business cycles.
Articulates standardization and adaptation problems of industrial sector of Russia
Describes current role of the state in the economy
Describes economic and political situation in Russian Empire in the end of XIX – beginning of XX centuries
Describes main issues of entrepreneurship in Post-Soviet and modern Russia
Describes privatization processes and their results in the ownership structure in Russia and the role of public policy in the field of private property institutions and their legitimacy; corporate control and behavior of firms.
Describes Russian integration after the collapse of the USSR and current regional specifics and regional problems
Describes Russian transformation processes from the XX century and up to the present time
Describes the changes in energy consumption and production in Russia
Describes the processes of liberalization of the movement of goods, capital and labor; information revolution and the spread of innovation in Russia
Desribes inequality within Russia based on the 7level structure
Formulates Russia's place in the global finance system. and can describe the key macroeconomic indicators of Russia
Names facts/events of Russian history in the VIII-XIX centuries

Course Contents

History of Russia from Stepy, Vikings and Bizantium: geography, area, borders and neighbors, wars and losses, VIII-XIX centuries.
Comparative economic and social development, internal and external circumstances in Russia by 1913.
Socio-economic development of Russia in the XX-XXI centuries: transformation and changes.
Ownership transformation; institutes of property (privatization) and corporate control
Demographic situation. Social transformation of society (7 level structure), social inequality, poverty, middle class, elites
Regional integration in the Post-Soviet Space.
Macroeconomics and Growth: inflation, growth rates, interest rates, policy, ruble exchange rate.
Russia and the world economy: macroeconomic differences.
Globalization and Russia: foreign trade, migration, investment, information and innovation
Energy: world dynamics, technology and environment, interfuel competition and energy transition
Industry in the 21st century: structural shifts and adaptation problems
Enterprise problems and behavior: Sources of investments and Innovations
Public sector: the budget and interest rates, environment and urbanization, human capital and defense. Strategic planning – existing programs

Assessment Elements

Test 1
Class attendance
Test 2

Interim Assessment

2021/2022 2nd module
0.5 * Class attendance + 0.25 * Test 2 + 0.25 * Test 1

Bibliography

Recommended Core Bibliography

Ekaterina V. Slesarenko. (2019). Structural modernization as the basis of progressive and safe social-economic development of the Russian economy. Aktualʹnye Problemy Èkonomiki i Prava, (1), 993. https://doi.org/10.21202/1993-047X.13.2019.1.993-1006
Leonid Markovich Grigoryev, Pavlyushina Victoria Alexandrovna, Vlada Vladimirovna Brilliantova, & Nesipli Mavlit-Alievna Kulaeva. (2019). Models of Russian Economic Growth: Personal Consumption Trends. Prostranstvennaâ Èkonomika, (2), 150. https://doi.org/10.14530/se.2019.2.150-168

Recommended Additional Bibliography

Экарева И.Л. - The History of Russia in the World Context - Русайнс - 2016 - ISBN: 978-5-4365-1195-5 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/921486

Bachelor’s Programme 'World Economy'

Russian Economy