Department of Economics & International Development, Unit Catalogue 2008/09 |
EC30026 Economics of transition |
| Credits: 6 |
| Level: Honours |
| Semester: 1 |
| Assessment: EX 100% |
| Requisites: |
| Before taking this unit you must take EC10006 and take EC10007 |
|
plus any two second year economics units.
Aims: The aim of this unit is to use economic analysis to understand the changes that are taking place in Central and Eastern Europe and the former Soviet Union (Commonwealth of Independent States), relating them to the creation of market economies.
Learning Outcomes: The student should be able to: * Critically evaluate the successes and failures of the process of transition. * Identify the key factors that are necessary to create an effective market system. * Interpret economic developments in transition economies, and assess the likelihood that they will lead to the goal of an advanced market economy. Content: Topics covered will include the planned economy and legacy of planning under communism; the speed and sequencing of adjustment to market economy; institutional change; privatisation; financial markets; the labour market; foreign trade; growth and inflation; public finance issues, and corruption. Key text: D. Gros and A Steinherr Economic Transition in Central and Eastern Europe (2004). |