[
Wesleyan Home Page
] [
WesMaps Home Page
]
[
Course Search
] [
Course Search by CID
]
The transition of the formerly centrally planned and bureaucratically managed economies of the now defunct Soviet bloc to market economies based on private property and individual initiative is an event unparalled in history. The course begins with a characterization of the transition and an overview of progress to date in several countries. To analyze the macroeconomics of liberalization and stabilization, we study the Polish and Russian experiences. An essential cornerstone of the transition is a transfer of ownership from the state to private individuals. To analyze the microeconomic issue of enterprise privatization, we consider the experiences of the Czech Republic, Russia, Poland and Hungary. Finally, we examine the progress made in all four countries in financial sector development, including the privatization of state-owned banks, as the crucial ingredient to promoting long-term sustainable growth. Students are encouraged to investigate topics of special interest in a research exercise.
COURSE FORMAT: Lecture
Level: UGRD Credit: 1 Gen Ed Area Dept: SBS ECON Grading Mode: Student Option
Prerequisites: (ECON111 AND ECON112) OR ECON105
Last Updated on MAR-24-2000
Copyright Wesleyan University, Middletown, Connecticut, 06459