Course title: Macroeconomic Environment of Business
English title: Macroeconomic Environment of Business
Name of the unit conducting the course: Faculty of Law, Administration and Economics
Type of the course: Elective
Programme: Economics – Master of Managerial Economics
Level: Master Studies
Acacemic Year: 2015/2016
10. Form of classes and classwork hours: 30 (30 - lecture )
11. Tutor: dr Sebastian Jakubowski
ASSUMPTIONS AND AIMS OF THE COURSE
The lecture touches upon a wide spectrum of decisions of post-communist governments taken in the last two
decades, which have transformed Central European Economies into emerging markets.
Special attention will be paid to the problems of social reforms applied in Central and Eastern Europe.
13. In the second part of the 90's Poland, the Czech Republic and Hungary became a classical "emerging markets"
challenged by currency crisis, resources access, migrations, trade competition etc. Therefore, the most
important points of the lecture will be: economic transformation, labour market policies, pension and health
care reforms, than opening the domestic market for foreign trade and financial investments. The last part of the
lecture concentrates on benefits and threats of the European integration for Central European Societies.
CONTENTS OF THE COURSE
Heritage of Central Planning
Mechanisms and Forms of Economic Transformation - Shock Therapy vs. Gradual Reforms
Evolution of Foreign Trade during Transformation
Labor Market Policies during Transformation
Introduction to Welfare Theory
Social Reforms - Pension Reforms
Pension Reforms and Development of Regional Financial Markets
Fiscal Challenges of Transformation
Monetary Policy and Inflation during Transformation
Financial Crisis in the CEE
Joost Platje, Institutional Change and Poland's Economic Performance since the 1970s, Wroclaw 2004
Ivan T. Berend, From the Soviet Bloc to the European Union, Cambridge 2009.
Błaszczyk B., R. Woodward, Privatization and Company Restructuring in Poland, CASE, Warsaw 1999.
Błaszczyk B., R. Woodward, Secondary Privatization: The Evolution of Ownership Structures of
Privatised Enterprises, CASE, Warsaw 2001
Bozyk P., Globalization and the Transformation of Foreign Economic Policy, Ashgate Publishing 2006.
Gros D., Steinherr A., Economic Transition in Central and Eastern Europe, Cambridge 2004
Buiter W., Taci A., Capital account liberalization and financial sector development in transition countries
Barr N., Reforming Pensions: Myths, Truths, and Policy Choices, IMF Working Papers, WP/00/139
Mihalyi P., De-integration and disintegration of health care in post - communist economies, Budapest
Additional reading assignments are provided within the course.
17. Language of tuition: English
Form and requirements of completion
1. Final paper of about 3,500 words due on January 4th.
2. Active class participation.
3. Term paper (70%), class attendance (30%)
Average hour count