Undergraduate Course: Economics of Transition (ECNM10036)
|School||School of Economics
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 10 (Year 3 Undergraduate)
||Availability||Available to all students
|Summary||This course is concerned with the theoretical, empirical and institutional comparison of different economic systems and with the processes by which economic systems change over time. Particular emphasis will be placed on the economic transition of the former Soviet Union, Eastern Europe and China.
Topics include: economic planning; comparative economic performance; sectoral reallocation; price liberalisation; soft budget constraints; government failure; privatization; the political economy of transition; macroeconomic stabilization; foreign trade and investment.
The course is taught through a programme of lectures. Learning-by-doing, through groupwork and presentations is an important ingredient of the course.
Entry Requirements (not applicable to Visiting Students)
|| Students MUST have passed:
Economics 2 (ECNM08006)
||Other requirements|| None
Information for Visiting Students
|Pre-requisites||Visiting students should usually have an equivalent of at least 4 semester-long Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); and Probability and Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required.
|High Demand Course?
Course Delivery Information
|Academic year 2017/18, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 18,
Seminar/Tutorial Hours 4,
Summative Assessment Hours 4,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Teamwork presentation (10%)
Multiple choice examination (20%)
Degree Exam (2 hours) (70%)
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
On completion of this course, the student will be able to:
- A knowledge and understanding of key economic issues arising in the comparison of economic systems and the economics of transition, including principles, models and associated mathematical techniques, along with empirical evidence on and applications and policy implications of those models and a deeper understanding of recent research activity in some more specialised areas.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
|No single textbook covers the course but extensive use will be made of:|
Turley, G and P J Luke (2011), Transition Economics Two Decades On
Roland, G (2004), Transition and Economics: Politics, Markets and Firms
|Graduate Attributes and Skills
||See Learning Outcomes
|Additional Class Delivery Information
||Weekly 2 hour lectures, plus 4 x 1 hour tutorials to be arranged in addition.
|Course organiser||Mr Donald George
Tel: (0131 6)50 3849
|Course secretary||Mrs Anna Domagala
Tel: (0131 6)51 5305