Department of Economics & International Development, Unit Catalogue 2008/09 |
EC50124 Transition economics |
| Credits: 6 |
| Level: Masters |
| Semester: 1 |
| Assessment: EX 100% |
| Requisites: |
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Aims: To create a deep understanding of the required economic changes to transform an administrative economy into market economy, by a study of some of the key changes.
Learning Outcomes: * To be able to critically appraise the theoretical models and empirical methods applied in Transition Economics; * To have sufficient skills to critically appraise policy instruments and recommendations; * To critically appraise several key areas of constraint to transition and development in low and middle income countries. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed) Ability to select, summarise and synthesis written information from multiple sources (T/F/A) Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A) Comprehensive and scholarly written communication (T/F/A) Concise and effective written communication (e.g. briefings / written exams) (T/F/A) Effective oral communication (e.g. lecture question and answer) (F) Ability to apply theory to policy areas (T/F/A). Content: Review the theory and practice of economic transition including the problems of reforming a planned economy, measuring transition privatisation and restructuring of firms; reforming state enterprises; legal issues; financial markets; virtual and hidden economies; the market for land; the labour market, and corruption. |