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Understanding Russian Economy. Problems of Transition

Approx. 16 hours to complete

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Course Summary

This course covers the economic transition of Russia from a centrally planned economy to a market-oriented one. It provides an overview of the challenges and opportunities faced by Russia during this transition.

Key Learning Points

Understand the economic transition of Russia from communism to capitalism
Learn about the challenges and opportunities faced by Russia during this transition
Explore the impact of the transition on various sectors of the Russian economy

Job Positions & Salaries of people who have taken this course might have

Economic Analyst
- USA: $64,000
- India: ₹6,00,000
- Spain: €31,000
International Trade Specialist
- USA: $71,000
- India: ₹12,00,000
- Spain: €35,000
Market Research Analyst
- USA: $63,000
- India: ₹4,00,000
- Spain: €27,000

Learning Outcomes

Understand the economic transition of Russia
Analyze the challenges and opportunities faced by Russia during the transition
Evaluate the impact of the transition on various sectors of the Russian economy

Prerequisites or good to have knowledge before taking this course

Basic understanding of economics
Interest in Russian economy and history

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

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Economic Growth and Distributive Justice Part I -The Role of the State
International and Cross-Cultural Negotiation

Related Education Paths

Notable People in This Field

Economist
Economist

Related Books

Description

The purpose of the course is to bring the basic knowledge on the specific aspects of Russian economy that had significant impact on the latest development trends in Russia.

This course will provide you with knowledge on: 1) the basics of economy; 2) understanding the role of market reforms in developing the key features of modern Russian economy; 3) understanding specific aspects of Russian economy; 4) cause-effect relationship of the most significant trends in Russia’s economic development; 5) instruments for analysis of Russian economy; 6) business climate in Russia and skills required for doing business in Russia. Currently, different aspects of economy have some influence on us and our behavior - e.g. currency exchange rates, inflation and other things define the way in which we distribute our income between savings and investments. In order to understand these principles it is required to have the basic knowledge on economics. So it is not only a lecture on Russian economy. Another main objective of the course is to develop knowledge on the basics of economy as such. So the course will disclose universal patterns by analyzing trends in Russian economy. FAQ: Q: What is targeted audience for this course? What are the course prerequisites? A: The course is mainly developed for students pursuing their master’s degree in the field of international economy and for those who have a professional interest in Russian economy. It requires basic knowledge of economic terms. Q: What are the minimum requirements to pass the course? A: In order to pass the course and receive a Course Certificate you will need to have at least 80% of correct answers in each quiz. Welcome to the course “Understanding Russian Economy. Problems of Transition”! Do you have technical problems? Write to us: coursera@hse.ru

Outline

Introduction to ‘a transition in Russia’ course
About the University
Introduction
Economic importance of Russia. Size matters
Territory as an economic asset
Territory full with resources
How to make use in full of all the treasures available?
How the transition was at all possible?
About University
Rules on the academic integrity in the course
Assessment
Course Staff
Course Plan
Basic Readings
Territory full with resources

Brief Russian economic history
Transition set up. Starting point
Pillars of market reforms
State assets privatization. Vouchers
Another side of privatization.Buy-outs 1
Another side of privatization.Buy-outs 2
Readings for Week 2
Brief Russian economic history

Pillars of market reforms
Price liberalization. Shock therapy
Real estate privatization
Outcomes
Paradoxes
Basics and conclusions. Reform Goals for Russia
Other aspects of reforms
Readings for Week 3
Pillars of market reforms

Lost opportunities of transition
Economic transition under the Presidential authority and the new PM since 1993
1998 crisis
Understanding the crisis roots 1
Understanding the crisis roots 2
Outcomes of transition. Paradoxes
Reading for Week 4
Lost opportunities of transition

Understanding the golden decade and the subsequent crisis
The golden decade 1999-2008
Understanding the golden decade
2008 economic crisis
Evolution of perception of transition. Paradoxes
Reading for Week 5
Understanding the golden decade and the subsequent crisis

Lessons of transition. Searching for solutions
Two crises lessons
Stab Fund’s role to assure economic stability
‘To save or to borrow’ dilemma
Lessons from Stabilization Fund
Reedings for Week 6
Lessons of transition. Searching for solutions

Fundamental challenges to the Russian economy
Political challenges to transition
Challenge of mineral resources’ abundance. Paradox
Will the muted virus of the Dutch decease infect Russian economy forever? How to catch up with a technological gap?
International division of labor. A new thinking on self reliance
Business narrow escape challenge
Readings for Week 7
Fundamental challenges to the Russian economy

Fundamental challenges to the Russian economy (follow up)
Poor infrastructure challenge
Infrastructure for an economic development
Corruption as a systemic challenge?
Corruption origins. Way out
Fundamental challenges to the Russian economy (follow up)

Summary of User Reviews

Read reviews of the Economy of Russia in Transition course on Coursera. Learners praise the course for its comprehensive coverage of the topic.

Pros from User Reviews

Thorough coverage of the topic
Engaging lectures and interactive quizzes
Great supplemental materials
Useful for learners of all levels

Cons from User Reviews

Some learners found the content too basic
Lack of interaction with other learners
Limited feedback from instructors
Not updated frequently enough

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Understanding Russian Economy. Problems of Transition

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