Economics of Transition and Emerging Markets

Bachelor 2021/2022

Type: Elective course (Asian and African Studies)

Area of studies: Asian and African Studies

Delivered by: School of Asian Studies

Where: Faculty of World Economy and International Affairs

When: 5 year, 1 module

Mode of studies: distance learning

Open to: everyone

Instructors: Inga Ivanova

Language: English

ECTS credits: 4

Contact hours: 4

Full Syllabus

Abstract

The purpose of the course “Economics of Transition and Emerging Markets” is to familiarize students with an analysis of the problems faced by countries with economies in transition and countries with emerging markets, namely, those middle and low income countries that have implemented market economic reforms and become integrated into the world economy since the 1990s .The objectives of the course are to understand the role of a brief history of the communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its development and collapse in the late 1980s / early 1990s and the subsequent transition to a market system in the 1990s and 2000s; form the basic understanding of the business climate in Russia and the skills necessary for doing business in Russia.The course is taught at the 3 rd year in the 1 st module. The learning format includes the online-course at the base of Coursera platform (URL: https://www.coursera.org/learn/economics-transition-emerging-markets ).

Learning Objectives

To know basic concepts of the foundations of the economy
To know problems of the modern global economy and global and regional economic governance with a special emphasis on emerging market economies and their role
Be able to logically formulate, state and reasonably defend their own vision of the economic problems under consideration and ways to solve them
To be able to independently analyze the experience of market reforms in China, India, other countries of Asia, the Middle East and North Africa, sub-Saharan Africa and Latin America for the same period
To use skills of setting goals and effective means of achieving them on the basis of analysis

Expected Learning Outcomes

Considers disputes about the transition strategy and the first results of the transition (in the late 1990s), the relationship between market and democracy, and between the economic and political transition and the role of external actors in the transition process
Knows the origin of the centrally planned economy, its main characteristics, evolution, attempts to reform it and the history of its collapse, the market transformation program in the 1990s and its main components, such as macroeconomic stabilization, internal and external liberalization and privatization
Understands and uses market reforms in the Arab world (including the period of the Arab spring), in sub- Saharan Africa, in Latin America, a brief overview of reforms in emerging markets since 1980.
Understands cumulative results of the transition period at the beginning / middle of the period. 2010s, features of the Chinese economic transition and its main stages, market reforms in other Asian countries (Vietnam, Laos, Cambodia, Myanmar, Mongolia, India)
Understands of market reforms in the Arab world (including the period of the Arab spring), in sub-Saharan Africa, in Latin America, a brief overview of reforms in emerging markets since 1980
Understands the causes and consequences of crises in emerging markets in the 1980s and 1990s
Understands the impact of the global financial crisis of 2008-2009 on emerging markets, the growing role of emerging markets in the global economy
Understands the role of external actors (IMF, World Bank, WTO, EU, etc.) in the economic and political transition period in Central and Eastern Europe and the former Soviet Union
Understands the specifics of the political economy of the transition period

Course Contents

Introduction
Module 1. Centrally-planned economy: its origins, evolution and collapse
Module 2. Post-communist transition and its results
Module 3. Role of external actors in the post-communist transition and economic reforms in Asia
Module 4. Market reforms in the Arab world, sub-Saharan Africa and Latin America
Module 5. Emerging markets and their role in the global economy
Module 6. Market Reforms in the Arab World, Sub-Saharan Africa and Latin America
final lesson

Assessment Elements

Module 1 Quiz (20 min)
Module 2 Quiz (20 min)
Module 3 Quiz (20 min)
Module 4 Quiz (20 min)
Module 5 Quiz (20 min)
Module 6 Quiz (20 min)

Interim Assessment

2021/2022 1st module
0.165 * Module 5 Quiz (20 min) + 0.165 * Module 3 Quiz (20 min) + 0.17 * Module 1 Quiz (20 min) + 0.17 * Module 2 Quiz (20 min) + 0.165 * Module 4 Quiz (20 min) + 0.165 * Module 6 Quiz (20 min)

Bibliography

Recommended Core Bibliography

Васильев Л. С. - ИСТОРИЯ ВОСТОКА В 2 Т. Т. 1 В 2 КН. КНИГА 2 7-е изд. Учебник для бакалавриата и магистратуры - М.:Издательство Юрайт - 2019 - 369с. - ISBN: 978-5-534-00071-9 - Текст электронный // ЭБС ЮРАЙТ - URL: https://urait.ru/book/istoriya-vostoka-v-2-t-t-1-v-2-kn-kniga-2-438133
Война и общество. Факторный анализ исторического процесса. История Востока: Монография / Нефедов П.В. - М.:ИД Тер. будущего, 2008. - 752 с.: 70x100 1/16. - (Университетская библиотека Александра Погорельского) ISBN 5-91129-026-X - Режим доступа: http://znanium.com/catalog/product/179348
Кириллов В. В. - ИСТОРИЯ РОССИИ В 2 Ч. ЧАСТЬ 2. ХХ ВЕК — НАЧАЛО ХХI ВЕКА 8-е изд., пер. и доп. Учебник для СПО - М.:Издательство Юрайт - 2019 - 257с. - ISBN: 978-5-534-08561-7 - Текст электронный // ЭБС ЮРАЙТ - URL: https://urait.ru/book/istoriya-rossii-v-2-ch-chast-2-hh-vek-nachalo-hhi-veka-437474
Конотопов М.В. - Экономическая история мира. В шести томах. Том IV - КноРус - 2015 - ISBN: 978-5-406-04068-3 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/916614
Конотопов М.В. под ред. - Экономическая история мира. В шести томах. Том I - КноРус - 2015 - ISBN: 978-5-406-04065-2 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/916580
Конотопов М.В. под ред. - Экономическая история мира. В шести томах. Том III - КноРус - 2015 - ISBN: 978-5-406-04067-6 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/916700
Конотопов М.В. под ред. - Экономическая история мира. В шести томах. Том V - КноРус - 2015 - ISBN: 978-5-406-04071-3 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/916509
Политические системы современных государств: Энциклопедический справочник : энциклопедия : в 4 томах. — Москва : Аспект Пресс, [б. г.]. — Том 4 : Африка — 2014. — 560 с. — ISBN 978-5-7567-0733-5. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/68716 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.
Принципы микроэкономики, Мэнкью, Н. Г., 2003

Recommended Additional Bibliography

Конотопов М.В. под ред. - Экономическая история мира. В шести томах. Том II - КноРус - 2015 - ISBN: 978-5-406-04066-9 - Текст электронный // ЭБС BOOKRU - URL: https://book.ru/book/916561

Course Syllabus