Module Identifier EC35510  
Academic Year 2001/2002  
Co-ordinator Mr Bruce Morley  
Semester Semester 2  
Other staff Professor Andrew Henley, Dr Jihe Song  
Pre-Requisite EC10510 or EC10120  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   4 Hours  
Assessment Course work   1200 word essay   20%  
  Exam   1.5 Hours   80%  


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.

Brief description

This module presents an account of the change from a centrally planned economy to a market economy in the former Soviet Union.


Learning outcomes

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

Transferable skills

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