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Regular version of the site

Understanding Russian Economy. Problems of Transition

2020/2021
Academic Year
ENG
Instruction in English
3
ECTS credits
Course type:
Elective course
When:
2 year, 2 module

Instructor

Course Syllabus

Abstract

The purpose of the course is to bring the basic knowledge on the specific aspects of Russian economy that had significant impact on the latest development trends in Russia. This course will provide you with knowledge on: the basics of economy; understanding the role of market reforms in developing the key features of modern Russian economy; understanding specific aspects of Russian economy; cause-effect relationship of the most significant trends in Russia’s economic development; instruments for analysis of Russian economy; business climate in Russia and skills required for doing business in
Learning Objectives

Learning Objectives

  • To understand the principles of currency exchange rates, inflation and other things define the way in which we distribute our income between savings and investments.
  • To develop knowledge on the basics of economy as such. The course will disclose universal patterns by analyzing trends in Russian economy.
Expected Learning Outcomes

Expected Learning Outcomes

  • Seizes the basics of economy; on the causal relationship of the most significant trends in the economic development of Russia
  • Formulates, states and reasonably defends their own vision of the economic problems under consideration and ways to solve them
  • Analyses the business climate in Russia and the skills necessary for doing business in Russia
  • Uses tools for analysing the Russian economy
Course Contents

Course Contents

  • Introduction to the course
    Understanding the economic features of Russia
  • Brief History of Russian Economics
    Understanding the specifics of the transition process is crucial for understanding the roots and causes of modern internal problems of the Russian Federation
  • The basics of market reforms
    Formation of an understanding of the analysis of initial measures in the framework of market reforms in Russia
  • Lost Transition Opportunities
    Understanding the roots of the crisis. Economic transition under the presidency and the new prime minister since 1993 Crisis 1998
  • Understanding the golden decade and the ensuing crisis
    Describing a decade of sustainable growth, which can be called a golden decade for the Russian economy. 2008 economic crisis
  • Transition lessons. Looking for solutions
    Following the Stabilization Fund in the Test after the Russian economy. The “Save or Borrow” dilemma and its solution in Russia
Assessment Elements

Assessment Elements

  • non-blocking Test after the 1st week (10 minutes)
  • non-blocking Test after the 2nd week (10 minutes)
  • non-blocking Test after the 3rd week (10 minutes)
  • non-blocking Test after the 5th week (10 minutes)
  • non-blocking Test after the 6th week (10 minutes)
  • non-blocking Debates
  • non-blocking Test after the 4th week (10 minutes)
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.1 * Debates + 0.15 * Test after the 1st week (10 minutes) + 0.15 * Test after the 2nd week (10 minutes) + 0.15 * Test after the 3rd week (10 minutes) + 0.15 * Test after the 4th week (10 minutes) + 0.15 * Test after the 5th week (10 minutes) + 0.15 * Test after the 6th week (10 minutes)
Bibliography

Bibliography

Recommended Core Bibliography

  • Connolly, R. V. (DE-588)1139175637, (DE-576)187690448, aut. (2018). Stagnation and change in the Russian economy / Richard Connolly, University of Birmingham and Chatham House. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.500384940
  • 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
  • Kudrin, A. L. (2015). A new growth model for the Russian economy [Elektronische Ressource] / Alexey Kudrin and Evsey Gurvich. Helsinki: Bank of Finland, Institute for Economies in Transition. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.444956530
  • Экономика России в мировом контексте, Кудров В. М., 2007

Recommended Additional Bibliography

  • Khmeleva, G. A., & Bulavko, O. A. (2016). From the 2008 to the 2014 Crisis: Response of the Labor Market of Russia’s Largest Cities. International Journal of Environmental and Science Education, 11(10), 3791–3806. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=EJ1114686
  • Osipian, A. L. . V. aut. (2019). Political and Economic Transition in Russia : Predatory Raiding, Privatization Reforms, and Property Rights / by Ararat L. Osipian. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.516263560