Bachelor
2021/2022
Russian Economy
Type:
Elective course (World Economy)
Area of studies:
Economics
Delivered by:
School of World Economy
When:
4 year, 1, 2 module
Mode of studies:
offline
Open to:
everyone
Language:
English
ECTS credits:
4
Contact hours:
44
Course 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
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