Module Identifier EC35510  
Academic Year 2000/2001  
Co-ordinator Professor Andrew Henley  
Semester Semester 2  
Other staff Mr Nicholas Perdikis, Dr Bruce Morley  
Pre-Requisite EC10510 or EC10120  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   4 Hours  
Assessment Exam   1.5 Hours   80%  
  Course work   1200 word essay   20%  

The module aims to introduce students to the economic issues and debates surrounding the process of economic transition in Russia and Eastern Europe. From its inception in 1917 until its demise in 1991 the former Soviet Union, and its Warsaw Pact satellite states after the post-WW2 Yalta settlement, were managed economically as centrally planned, "command" economies. Transition to a market-based system with private rather than state ownership of business organisations has presented a range of problems of economic policy and a large literature in economics has arisen dealing with these. the study of economic transition is wider applicability since it focuses on the relative advantages and disadvantages of market-based versus organisation incentive systems. To greater or lesser extent all economic and business activity must address the question of the scope and limitations of markets.

Learning outcomes
Through lecture presentation, seminar discussion, private study and directed reading students should achieve the following learning outcomes:

Module outline
The current year's module outline can be found via The School's website

Reading Lists
Daniel Gros and Alfred Steinherr. (1995) Winds of Change: Economic Transition in Central and Eastern Europe. Longman
Marie Lavigne. (1995) The Economics of Transition. Macmillan