Macroeconomic Policy in Transition and Emerging Economies

2020/2021

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Департамент прикладной экономики

Статус:

Курс по выбору

Когда читается:

1-й курс, 3 модуль

Преподаватель

Домбровски Марэк Павел

Course Syllabus

Abstract

The course for Master students of Applied Economics and World Economics addressing key economic and political challenges related to transition from the centrally planned economy to market system, history of market reforms in Central and Eastern Europe, former Soviet Union, Asia, Middle East, Africa and Latin America, the contemporary role of emerging-market economies in the global economy.

Learning Objectives

• To offer Master students basic knowledge on economic problems and challenges faced by the group of transition and emerging-market economies.

Expected Learning Outcomes

• Participation in lectures and seminars, active participation in discussion, reading recommended literature

Course Contents

• History of centrally planned economies, their evolution, reform attempts and demise
• Agenda of transition, macroeconomic stabilization and privatization
• Political economy and strategy of transition, interrelation between economic and political reforms
• The role of external actors in transition process, results of transition
• Economic reforms in China, India and other Asian countries
• Economic reforms in Middle East and Africa
• Economic reforms in Latin America, summary of emerging market reforms, emerging-market crises
• Global financial crisis of 2007-2009 and its spillover to emerging-market economies
• Changes in the global economic geography and governance, consequences of financial globalization, the role of IMF and World Bank
• The role of emerging-market economies in global trade, the role of WTO and regional trade agreements

Assessment Elements

• class attendance
  20%
• final written exam

Interim Assessment

• Interim assessment (3 module)
  0.3 * class attendance + 0.7 * final written exam

Bibliography

Recommended Core Bibliography

• Macroeconomics, Blanchard, O., 2017
• Macroeconomics, Dornbusch, R., 2011

Recommended Additional Bibliography

• Macroeconomics, Blanchard, O., 2003
• Macroeconomics, Blanchard, O., 2006
• Macroeconomics, Dornbusch, R., 2004
• Macroeconomics, Dornbusch, R., 2014