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COURSE MATERIALS for "Comparative economic systems" and "Economics of transition" (compiled with assistance of Tatyana Kuzmenko) /
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MAPS - countries in transition - Eastern Europe - CIS - East Asia

1. SHOCK THERAPY VERSUS GRADUALISM. TRANSFORMATIONAL RECESSION AND RECOVERY. POLITICAL ECONOMY OF TRANSITION.
2. Transition economies in the framework of comparative economic systems. Market socialism. Types of planning (directive vs. indicative), SOFE. 3. Review of Soviet economic history – War Communism, NEP, Command economy, Industrialization Debate. Soviet economic statistics. Was the transition to the command economy inevitable? 4. CPE: industrial organisation and structural inefficiencies. Technical progress.  5. Prices, labor market, finance, credit, external economic relations in CPE. Was Soviet-type economy a planned one? 6. Gorbachev reforms (1985-91). Monetary overhang. 7. MACROECONOMIC POLICY IN TRANSITION (1992-2007). CURRENCY CRISES.  8.  industrial structure and industrial policies. TRADE, FOREIGN INVESTMENT, BALANCE OF PAYMENTS. 9. Privatization and financial system.