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Department of Economics, Unit Catalogue 2011/12


ES30043: Economics of transition

Click here for further information Credits: 6
Click here for further information Level: Honours (FHEQ level 6)
Click here for further information Period: Semester 1
Click here for further information Assessment: EX 100%
Click here for further information Supplementary Assessment: Reassessment not allowed
Click here for further information Requisites: Before taking this unit you must take ES10001 and take ES10002 plus any two second year economics units.
Click here for further information Description: 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).
Click here for further informationProgramme availability:

ES30043 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 3
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 3
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 3
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 4
School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 3
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 4
  • UMMN-ANB01 : BSc (hons) Business Administration (Full-time with Thin Sandwich Placements) - Year 4
Department of Politics, Languages and International Studies
  • UHPL-AAB10 : BSc (hons) Politics with Economics (Full-time with Study Year Abroad) - Year 4
  • UHPL-AFB10 : BSc (hons) Politics with Economics (Full-time) - Year 3
  • UHPL-AKB10 : BSc (hons) Politics with Economics (Full-time with Thick Sandwich Placement) - Year 4

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.