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Economics
Author: Volkhart Vincentz
Tutor: Konstantin Kholodilin
Credits: 6
Main goals- To familiarize students with the basic concepts and terminology of economics by means of studying the specific economic problems encountered by transition economies during the last decade.
- To provide students with a working knowledge of macroeconomic policy making, the functioning of national and international institutions, and the basic controversies surrounding transition policy.
General topics
- Legacy of the planned economy: basic problems of information and coordination
- Stabilization of the economy: basics of stabilization, problems of the early 90s, economic crises
- International institutions and controversies about stabilization (IMF, World Bank, WTO)
- Structural reforms: building of national institutions, privatization, soft budget constraints and corporate governance, measuring structural reforms
- Growth and convergence: basic concepts of economic growth, results in Eastern Europe
- Integration into the world economy: comparative advantages, trade agreements, exchange rates and foreign trade, export-oriented growth
- Accession and Non-Accession to the EU: problems of the enlarged EU, new neighbors in the East (CIS)
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Videoclip Introduction of the Content of the Module
Impressions
(photo: EES Online)
