Delivered at:: Department of Economic Theory and Econometrics (Faculty of Economics)

Course type:: Compulsory course

When:: 4 year, 1 module

Instructor

Гусева Мария Евгеньевна

Full 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=3485The 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. It starts from a brief history of communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its evolution and collapse at the end of 1980s/ early 1990s and subsequent transition to a market system in 1990s and 2000s. Then it analyzes experience of market reforms in China, India, other Asian countries, Middle East and North Africa, Sub-Saharan Africa and Latin America at the same period. Finally, it discusses the problems of contemporary global economy and global and regional economic governance with the special focus given to emerging-market economies and their role. By the end of the course you will be able to analyse emerging-market economies and economies in transition, taking into account their crucial characteristics and historical experience. Participation in the course does not require any preconditions, however, basic economic knowledge would be an advantage.

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

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

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

Домашнее задание: презентация
Экзамен: Контрольная работа

Interim Assessment

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

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

Bachelor’s Programme 'Economics'

Economics of Transition and Emerging Markets