WydrukSylabusa2

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WydrukSylabusa2
SUBJECT SYLLABUS
1.
Course title: Macroeconomic Environment of Business
2.
English title: Macroeconomic Environment of Business
3.
Name of the unit conducting the course: Faculty of Law, Administration and Economics
5.
Type of the course: Elective
6.
Programme: Economics – Master of Managerial Economics
7.
Level: Master Studies
8.
Acacemic Year: 2015/2016
9.
Semestr: I
10. Form of classes and classwork hours: 30 (30 - lecture )
11. Tutor: dr Sebastian Jakubowski
Preliminary requirements:
Basic Macroeconomics
12.
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
1.
Introduction
2.
Heritage of Central Planning
3.
Mechanisms and Forms of Economic Transformation - Shock Therapy vs. Gradual Reforms
4.
Privatization
5.
Evolution of Foreign Trade during Transformation
6.
Labor Market Policies during Transformation
7.
Introduction to Welfare Theory
8.
Social Reforms - Pension Reforms
9.
Pension Reforms and Development of Regional Financial Markets
10.
Fiscal Challenges of Transformation
11.
Monetary Policy and Inflation during Transformation
12.
Financial Crisis in the CEE
13.
Eurozone Crisis
14.
Migration Crisis
15.
Summary
15.
LITERATURE:
Basic Literature:
16.
1
Joost Platje, Institutional Change and Poland's Economic Performance since the 1970s, Wroclaw 2004
2
Ivan T. Berend, From the Soviet Bloc to the European Union, Cambridge 2009.
3
Błaszczyk B., R. Woodward, Privatization and Company Restructuring in Poland, CASE, Warsaw 1999.
4
Błaszczyk B., R. Woodward, Secondary Privatization: The Evolution of Ownership Structures of
Privatised Enterprises, CASE, Warsaw 2001
5
Bozyk P., Globalization and the Transformation of Foreign Economic Policy, Ashgate Publishing 2006.
6
Gros D., Steinherr A., Economic Transition in Central and Eastern Europe, Cambridge 2004
7
Buiter W., Taci A., Capital account liberalization and financial sector development in transition countries
8
Barr N., Reforming Pensions: Myths, Truths, and Policy Choices, IMF Working Papers, WP/00/139
9
Mihalyi P., De-integration and disintegration of health care in post - communist economies, Budapest
2005
Complementary Literature:
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%)
18.
Form
Average hour count
Classwork hours
30
Homework hours
80
Total
110
ECTS points
6

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