• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Economics of Transition and Emerging Markets

2023/2024
Academic Year
ENG
Instruction in English
3
ECTS credits
Delivered at:
Department of Economic Theory and Econometrics (Faculty of Economics)
Course type:
Compulsory course
When:
4 year, 1 module

Instructor

Course Syllabus

Abstract

The course covers topics: Growth Theory and the Poverty Trap Pathology, Imperial History, Geopolitics and Long Run Development, Optimal and Endogenous Growth, Political Economy of Natural Resources, Economics of Conflict, Aid Effectiveness: Sceptics vs Believers, Trade Openness, Growth and Poverty, Debt and Development. The course is conducted with https://online.hse.ru/local/showcase/?cid=3485 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. The course discusses the use of machine learning methods for forecasting macroeconomic variables and economic growth parameters, which is achieved level DC 0.0.2.
Learning Objectives

Learning Objectives

  • The overall aim of this course is to equip students with the necessary knowledge, understanding and skills to work effectively as economists in economic policy related activities. Specifically, the aims of the course are, • to provide students with a basic knowledge of the key structural features of transitional and emerging market economies; • to enhance students’ understanding of the contribution which economic analysis can make in analysing key problems and policy issues faced by these economies; • to equip students with the analytical tools needed for this purpose.
Expected Learning Outcomes

Expected Learning Outcomes

  • Demonstrate knowledge of Mundell-Fleming model and associated concepts
  • Demonstrate knowledge of high inflation in transitional and emerging market economies
  • Demonstrate knowledge of Solow Growth Model
  • Demonstrate knowledge of long run growth theory
  • Demonstrate knowledge of Harris-Todaro model
  • Demonstrate knowledge of the resource curse literature
  • Demonstrate knowledge of the distributional consequences of trade in developing countries
  • Demonstrate knowledge of basic macroeconomic models of debt and growth
Course Contents

Course Contents

  • Fundamentals of International Macroeconomics
  • High Inflation
  • Growth Theory and the Poverty Trap Pathology
  • Imperial History, Geopolitics and Long Run Development
  • Revision Lecture
  • Urbanisation and the Informal Economy
  • Political Economy of Natural Resources
  • Trade Openness, Growth and Poverty
  • Debt and Development
Assessment Elements

Assessment Elements

  • non-blocking Домашнее задание: презентация
  • non-blocking Экзамен: Контрольная работа
Interim Assessment

Interim Assessment

  • 2023/2024 1st module
    0.4 * Домашнее задание: презентация + 0.6 * Экзамен: Контрольная работа
Bibliography

Bibliography

Recommended Core Bibliography

  • Blanchard, O., Amighini, A., & Giavazzi, F. (2013). Macroeconomics: A European Perspective (Vol. 2nd ed). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418008
  • Lectures on Macroeconomics, 650 p., Blanchard, O. J., Fischer, S., 2001
  • Todaro, M. P. . (DE-588)120058022, (DE-576)163325057. (2006). Economic development / Michael P. Todaro; Stephen C. Smith. Harlow: Pearson Educational, Addison Wesley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.120376784

Recommended Additional Bibliography

  • Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.5A71ECD9