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Economics of Transition and Emerging Markets

Approx. 15 hours to complete

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Course Summary

Learn about the economic transition of emerging markets and the challenges and opportunities they face in this course. Gain insights into the unique economic and political landscapes of emerging markets and explore strategies for successful market entry and growth.

Key Learning Points

Understand the economic and political factors that influence emerging markets
Explore market entry strategies and growth opportunities in emerging markets
Learn from case studies of successful and unsuccessful market entry in emerging markets

Learning Outcomes

Develop a deep understanding of the unique economic and political landscapes of emerging markets
Gain insights into successful market entry strategies and growth opportunities in emerging markets
Learn from case studies of both successful and unsuccessful market entry in emerging markets

Prerequisites or good to have knowledge before taking this course

Basic understanding of micro and macroeconomics
Interest in international business and emerging markets

Course Difficulty Level

Intermediate

Course Format

Online self-paced course
Video lectures
Case studies

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Description

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.

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. In order to pass successfully this course you must score not less than 80% for each of six after module quizzes and complete the peer-assessed essay at the end of the course. Do you have technical problems? Write to us: coursera@hse.ru

Outline

Introduction
About University
Introduction
About University
Rules on the academic integrity in the course
Course overview
Evaluation system
Suggested resources

Centrally planned economy: its origins, evolution and collapse
Origins of a centrally planned economy and its major characteristics
Attempts to reform CPE
Collapse of the CPE
Transition agenda
Challenges of stabilization and disinflation
Privatization
Quiz 1

Post-communist transition and its outcomes
Political economy of transition and controversies over transition strategy
Results of transition (the first decade)
Market and democracy
Interrelations between economic and political transition
The role of external actors in shaping the transition process
Quiz 2

The role of external actors in post-communist transition and economic reforms in Asia
Transition countries and the EU
Transition countries in early 2010s
Specifics of Chinese transition
Main stages of Chinese transition
Economic transition in other Asian countries
Quiz 3

Market reforms in the Arab world, Sub-Saharan Africa and Latin America
Background of Arab transition
Challenges of the Arab Spring
African legasy of colonialism
Latin American economic populism
Agenda and results of EME reforms (summary)
Quiz 4

Emerging markets and their role in global economy
Emerging market crisis
Impact of global financial crisis on EMEs
Impact of global financial crisis on EMEs
Imact of global financial crisis on CEE/CIS
Rebalancing global economy
Quiz 5

EMEs, globalization and international trade
EMEs and unrestricted capital movement
EMEs and international financial institutions
EMEs and global trade
Global and regional trade systems
Trade cooperation between advanced economies and EMEs
Quiz 6

Summary of User Reviews

Read reviews for the Economics of Transition and Emerging Markets course on Coursera. Users highly recommend this course for its comprehensive coverage of emerging market economies. However, some users found the course to be challenging and time-consuming.

Key Aspect Users Liked About This Course

Comprehensive coverage of emerging market economies

Pros from User Reviews

In-depth and informative lectures
Great resources, including readings and case studies
Engaging and interactive assignments

Cons from User Reviews

Difficult and time-consuming assignments
Some technical glitches in the platform
Limited interaction with the instructor

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