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Course Overview

The courses within the main track create a systematized vision of the past and current economic transformation with a focus on current strategy. The main goal of these courses is to allow the students to understand Russian Economy: how it is organized and how operates, how the state and private companies function, how economical and political sectors are correlated. The most pressing economic issues of Russian Economy will be analyzed. The track provides students with a comprehensive framework for understanding Russian business and with practical strategies for doing business more effectively with Russian counterparts. The course gives a better understanding of the challenges of doing business in Russia.

Within the framework of this track visits to companies with meetings with top managers are organized (Sberbank,  Finam Investment Company, GAZ group, E-Promo and others)

The Track includes Five Blocks (8-12 academic hours)

1. Strategy for Economic Growth in Russia

Monetary Policy

Irina Khvostova

Senior Lecturer at the Department of Financial Management


Course will provide general information about Central bank monetary policy strategy and commercial banking sphere in Russia. The course aims at discussing recent trends and changes in monetary and banking sphere. Special attention will be given to monetary policy objectives and instruments, we will consider steps of implementing inflation targeting in Russia. The course also aims to give students an overview of functioning of the commercial banking sector under liquidity crisis.

Fiscal Policy

Anna Novak

Senior Lecturer at the Department of Financial Management


We will speak about fiscal policy measures Russian Government is going to undertake to reach long-term economic growth. We will also discuss the Stabilisation Fund role in assuring economic stability. Changes in taxation policy will also be considered.

2. Financial Market Development

Vladimir Rossokhin

Associate Professor at the Department of Financial Management


The characteristics and the special features of the Russian financial market will be discussed in classes. Furthermore, instruments, the trade organizing and main market participants will be considered.  Special attention will be paid to the assessment and management of risks in the Russian context.  These include liquidity risk, credit and market risks.

3. Russian market transformation

Marketing Strategies of Russian Companies

Denis Fomenkov

Associate Professor, Faculty of Management / Department of Marketing

We will focus on the main characteristics of Russian market and its impact on consumer behavior. The course aim is to examine how Russian companies were affected by economic crisis, to discuss marketing strategies Russian companies use in order to perform in such turbulent conditions.

To examine how companies are affected by economic crises, to assess the effects of marketing strategies on company performance in such conditions, and to identify those that can help companies to maintain successful performance despite turbulence in the operational environment.

4. Russian Economy Correlation with Politics and Information

Russian Economy and Contemporary Political Conjuncture

Anton Varfolomeev

Associate Professor

Since Marx’ times politics is considered to be determined by economy. However, it occurs that political conjuncture shapes the latter on the contrary. The course is aimed at discussing how contemporary external and internal politics of Russia influences businesses and its co-operation with foreign partners.

5.  Russian Attitudes and Values

Nelli Boryshneva

Associate Professor Department of Applied Linguistics and Intercultural Communication


This course is focused on intercultural communication issues with a special stress on Russian attitudes and values. This course will help the students who intend to build a Russia connected carrier to establish successful relationships with Russian colleagues, clients and suppliers.