University Homepage
DRPS Homepage
DRPS Search
DRPS Contact
DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economics of Transition (ECNM10036)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis 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.
Course description 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)
Pre-requisites Students MUST have passed: Economics 2 (ECNM08006)
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesVisiting 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? Yes
Course Delivery Information
Academic year 2017/18, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 18, Seminar/Tutorial Hours 4, Summative Assessment Hours 4, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Assessment (Further Info) Written Exam 90 %, Coursework 10 %, Practical Exam 0 %
Additional Information (Assessment) Teamwork presentation (10%)
Multiple choice examination (20%)
Degree Exam (2 hours) (70%)
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. 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.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. 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.
  5. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading List
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
Additional Information
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 organiserMr Donald George
Tel: (0131 6)50 3849
Course secretaryMrs Anna Domagala
Tel: (0131 6)51 5305
Help & Information
Search DPTs and Courses
Degree Programmes
Browse DPTs
Humanities and Social Science
Science and Engineering
Medicine and Veterinary Medicine
Other Information
Combined Course Timetable
Important Information