2023/2024

Economics of Transition and Emerging Markets

Type: Mago-Lego

Delivered by: Master's Programmes Curriculum Support

When: 3 module

Online hours: 20

Open to: students of one campus

Language: English

ECTS credits: 3

Contact hours: 6

Course 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

• Тесты на платформе
• Итоговый тест

Interim Assessment

• 2023/2024 3rd module
  0.2 * Итоговый тест + 0.8 * Тесты на платформе

Bibliography

Recommended Core Bibliography

• Васильев, Л. С.  История Востока в 2 т. Т. 1 в 2 кн. Книга 2 : учебник для бакалавриата и магистратуры / Л. С. Васильев. — 7-е изд. — Москва : Издательство Юрайт, 2019. — 369 с. — (Бакалавр и магистр. Академический курс). — ISBN 978-5-534-00071-9. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/438133 (дата обращения: 28.08.2023).
• 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 : учебник для среднего профессионального образования / В. В. Кириллов. — 8-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2019. — 257 с. — (Профессиональное образование). — ISBN 978-5-534-08561-7. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/437474 (дата обращения: 28.08.2023).
• Конотопов, М.В.. Экономическая история мира. В шести томах. Том IV : Научно-популярное издание / М.В. Конотопов — Москва : КноРус, 2015. — 384 с. — ISBN 978-5-406-04068-3. — URL: https://book.ru/book/916614 (дата обращения: 25.08.2023). — Текст : электронный.
• 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
• Экономическая история мира. В шести томах. Том I : Научно-популярное издание / под ред. М.В. Конотопов — Москва : КноРус, 2015. — 492 с. — ISBN 978-5-406-04065-2. — URL: https://book.ru/book/916580 (дата обращения: 25.08.2023). — Текст : электронный.
• Экономическая история мира. В шести томах. Том III : Научно-популярное издание / под ред. М.В. Конотопов — Москва : КноРус, 2015. — 510 с. — ISBN 978-5-406-04067-6. — URL: https://book.ru/book/916700 (дата обращения: 25.08.2023). — Текст : электронный.
• Экономическая история мира. В шести томах. Том V : Научно-популярное издание / под ред. М.В. Конотопов — Москва : КноРус, 2015. — 341 с. — ISBN 978-5-406-04071-3. — URL: https://book.ru/book/916509 (дата обращения: 25.08.2023). — Текст : электронный.

Recommended Additional Bibliography

• Экономическая история мира. В шести томах. Том II : Научно-популярное издание / под ред. М.В. Конотопов — Москва : КноРус, 2015. — 525 с. — ISBN 978-5-406-04066-9. — URL: https://book.ru/book/916561 (дата обращения: 25.08.2023). — Текст : электронный.