Master
2021/2022
Economics of Transition and Emerging Markets
Type:
Compulsory course (Politics. Economics. Philosophy)
Area of studies:
Political Science
Delivered by:
School of Politics and Governance
Where:
Faculty of Social Sciences
When:
1 year, 2 module
Mode of studies:
distance learning
Online hours:
18
Open to:
students of one campus
Instructors:
Mikhail Mironyuk
Master’s programme:
Политика. Экономика. Философия
Language:
English
ECTS credits:
4
Contact hours:
2
Course Syllabus
Abstract
The course analyzes challenges faced by transition and emerging-market economies, i.e., those middle- and low-income countries, which have conducted market-oriented economic reforms and become integrated into the global economy since 1990s. It starts from a brief history of communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its evolution and collapse at the end of 1980s/ early 1990s and subsequent transition to a market system in 1990s and 2000s. Then it analyzes experience of market reforms in China, India, other Asian countries, Middle East and North Africa, Sub-Saharan Africa and Latin America at the same period. Finally, it discusses the problems of contemporary global economy and global and regional economic governance with the special focus given to emerging-market economies and their role. By the end of the course students will be able to analyse emerging-market economies and economies in transition, taking into account their crucial characteristics and historical experience. Participation in the course does not require any preconditions, however, basic economic knowledge would be an advantage.
Learning Objectives
- The purpose of this course is to offer Master students basic knowledge on economic problems and challenges faced by the group of transition and emerging-market economies.
Expected Learning Outcomes
- Be able to apply research methods to analyze key problems of economies in transition and emerging-market economies
- Have the skills of statistical, analytical, scientific information analysis; of one's own judgments presentation and debate
- Know the main trends in the development of the global economy, the rules that determine behavior of actors in transition and emerging-market economies
Course Contents
- Introduction
- Centrally planned economy: its origins, evolution and collapse
- Post-communist transition and its outcomes
- The role of external actors in post-communist transition and economic reforms in Asia
- Market reforms in the Arab world, Sub-Saharan Africa and Latin America
- Emerging markets and their role in global economy
- EMEs, globalization and international trade
Interim Assessment
- 2021/2022 2nd moduleThe assessment is based on the received grades for the online course. Score (10-point scale) Criterion 10 98 - 100 % 9 95 - 97 % 8 92-94% 7 87-91% 6 82-86% 5 76-81% 4 61-75% 3 51-60% 2 41-50% 1 0-40%
Bibliography
Recommended Core Bibliography
- Lakshmi Iyer. (2016). Institutions, Institutional Change and Economic Performance in Emerging Markets. World Scientific Publishing Co. Pte. Ltd. https://doi.org/10.1142/9777
- Montiel, P. (2011). Macroeconomics in Emerging Markets (Vol. 2nd ed). Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=366269
Recommended Additional Bibliography
- Payne, C., & Garcia, S. (2018). Emerging Markets : Recent Developments, Challenges and Future Prospects. New York: Nova Science Publishers, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1670038
- Reynolds, J. V. (2010). Emerging Markets : Identification, New Developments and Investments. New York: Nova Science Publishers, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=340220