How to Create a Proper Macroeconomic Picture of the World
Boris Kuznetsov, Professor at the HSE Subdepartment of Economic Analysis of Organizations and Markets has recently returned from the US where he read a series of lectures on Russian economics to students at Stanford University. The HSE news portal asked him to talk about his impressions after the trip and about what prospects there are for working together in the future with our American colleagues.
— Who is your course intended for?
— It’s aimed mainly at third and fourth year economics undergraduates. This year there were more of them than in 2011, when I taught there the first time. But some international students taking their Master’s came to my lectures as well. I had 24 students taking my course this time.
— What do you think provokes an interest in your course among American students?
—This course is complex, it’s neither about macro- nor microeconomics. The idea was to show how different economic theories work and also how historical, geographical and other factors influence the economy by looking at individual countries. Besides, it was quite a substantial course, credits-wise (Stanford’s system is quite like the HSE’s in that respect). Quite a lot of students are seriously looking for career opportunities in large Russian companies like Rosneft and Gazprom. Competition is growing constantly and finding a good job is getting harder even for Stanford graduates.
—Which topics were your students most curious about?
— In contrast to the HSE, at Stanford there are more people with a humanitarian cast of mind and they are more concerned in how economics affects society and the connections between economics and politics… As in the past, students also wanted to compare the Russian economy with their own and with the other BRIC countries.
—Did you have to teach in a different way from what you are used to at the HSE?
— The general standard of education and the range of interests of the people who came to my course were more varied than I would find in a group of students at HSE so I had to adapt some of my material to make sure everyone could understand it. I told them from the start that I didn’t expect students to memorize facts and figures and I tried to use illustrative examples to draw their particular attention to tendencies and changes. I also tried to have discussions in a fun way, dividing the students into competing teams to get them more engaged.
— What do you think might be ways for the HSE and Stanford to work together in the future?
— Two years ago one of my American students came to the HSE on a internship and right now Stanford Professor Martin Carnoy is Academic Supervisor at the HSE International Laboratory for Educational Policy Research. But in general, cooperation between Stanford and the HSE hasn’t been formalized yet. I do think, however that if we set up an organised exchange programme then people from Stanford would definitely want to participate. For Stanford it would without doubt be very useful as they have a lot of courses oriented towards Asian countries but their students know next to nothing about Russia. Without that knowledge they cannot form a proper macroeconomic picture of the world in their minds.
Maria Glazyrina, second year law student, intern at the HSE News Portal
Temporary or informally employed people are less satisfied with their lives than those with a permanent job. The most apparent differences can be seen in countries with strict labour laws. Tatiana Karabchuk and Natalia Soboleva investigated the legislative impact on the social well-being of employed populations in European countries and Russia.
Economists and Researchers Gather at International Conference on Wealth and Income in Eastern Europe and CIS Countries
On September 17-18, HSE University hosted a special conference with the International Association for Research in Income and Wealth (IARIW) on the topic of Experiences and Challenges in Measuring Income and Wealth in Eastern Europe and CIS Countries. This was the first IARIW conference to be held in a CIS country. HSE News Service spoke with American economist Barbara Fraumeni about her work with economic accounting and human capital and her experience attending the conference in Moscow.
This year, a slowdown is expected in the Russian economy. According to some forecasts, the country will enter recession in 2021 or possibly even earlier. However, according to the HSE Centre for Business Tendencies Studies (CBTS), there are no noticeable signs of recession at the moment. This article looks at what keeps Russia's economy from picking up pace and why slowdowns are a possibility, according to the HSE CBTS.
It is believed that carbon dioxide emissions into the atmosphere are mainly regulated by ‘direct’ economic instruments - the carbon tax and the Emissions Trading System (ETS). However, a comparative analysis has shown that ‘indirect’ instruments, such as excise taxes on motor fuel and other energy taxes, did not yield any lesser impact than their ‘direct’ counterparts, and, over time, were even more effective.
On July 31, the II International Economics Olympiad (IEO) for high school students came to a close in Saint Petersburg. In the team competition, the Brazilian team won the gold medal, while teams from China won silver and bronze. One of Russian teams placed fifth.
On July 24, the second annual International Economics Olympiad (IEO) for high school students kicked off at HSE University in St. Petersburg. The competition is organized by HSE University with the support of Sberbank. Students from 24 countries will compete over the course of a week. The winners will be able to enroll in any HSE Economics programme in 2020 with a full tuition scholarship.
On July 24-July 31, the second annual International Economics Olympiad (IEO) for high school students will be held in St. Petersburg. The IEO is organized and hosted by HSE University with the support of Sberbank.
It is believed that carbon dioxide emissions into the atmosphere are mainly regulated by ‘direct’ economic instruments - the carbon tax and the Emissions Trading System (ETS). However, a comparative analysis has shown that ‘indirect’ instruments, such as excise taxes on motor fuel and other energy taxes, did not yield any lesser impact than their ‘direct’ counterparts, and, over time, were even more effective. This is the conclusion drawn by HSE researcher Ilya Stepanov in his article, ‘Taxes in the Energy Sector and Their Role in Reducing Greenhouse Gas Emissions’.
Experts from the HSE Centre for Business Tendency Studies (CBTS) analysed for the first time the growth of the manufacturing industry in CIS countries between 2004 and 2016. It was conducted within the framework of a regional project of the United Nations Industrial Development Organization (UNIDO) “Improvement of industrial statistics and development of indicators of industrial performance for policy-relevant analysis in CIS countries”.
Post-Soviet life and the economic ups and downs of recent years have changed the attitude of Russians towards saving. Now, it is not the less fortunate who save, but the more intelligent, according to Elena Berdysheva and Regina Romanova. Or, more to the point, it’s the more intelligent women: domestic finances are usually dealt with by females. At HSE’s recent XIX April International Academic Conference, researchers explained how Russians adjusted and optimized family budgets following the crisis of 2014-2017 and how this relates to gender issues.