About this Course
The purpose of the course is to bring the basic knowledge on the specific aspects of Russian economy that had significant impact on the latest development trends in Russia. This course will provide you with knowledge on: 1) the basics of economy; 2) understanding the role of market reforms in developing the key features of modern Russian economy; 3) understanding specific aspects of Russian economy; 4) cause-effect relationship of the most significant trends in Russia’s economic development; 5) instruments for analysis of Russian economy; 6) business climate in Russia and skills required for doing business in Russia. Currently, different aspects of economy have some influence on us and our behavior - e.g. currency exchange rates, inflation and other things define the way in which we distribute our income between savings and investments. In order to understand these principles it is required to have the basic knowledge on economics. So it is not only a lecture on Russian economy. Another main objective of the course is to develop knowledge on the basics of economy as such. So the course will disclose universal patterns by analyzing trends in Russian economy. FAQ: Q: What is targeted audience for this course? What are the course prerequisites? A: The course is mainly developed for students pursuing their master’s degree in the field of international economy and for those who have professional interest in Russian economy. It requires basic knowledge of economic terms. Q: What are the minimum requirements to pass the course? A: In order to pass the course and receive a Course Certificate you will need to have at least 80% of correct answers in each quiz. Welcome to the course “Understanding Russian Economy. Problems of Transition”!
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100% online course

Start instantly and learn at your own schedule.
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Approx. 10 hours to complete

Suggested: 8 weeks of study, 1-3 hours/week
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English

Subtitles: English
Globe

100% online course

Start instantly and learn at your own schedule.
Clock

Approx. 10 hours to complete

Suggested: 8 weeks of study, 1-3 hours/week
Comment Dots

English

Subtitles: English

Syllabus - What you will learn from this course

1

Section
Clock
2 hours to complete

Introduction to ‘a transition in Russia’ course

Welcome to the Week 1! This module will introduce you to the basics of the given course and to the general issues of transition in Russia. You will learn about economic features of Russia. Our video-lectures will answer the following question: how the transition was at all possible in Russia. Finally, the end of the module is accompanied with a test. Test questions are based on the information from the lectures, but for some of them you will have to find the right answer using different statistical and informational sources....
Reading
6 videos (Total 42 min), 5 readings, 1 quiz
Video6 videos
Economic importance of Russia. Size matters6m
Territory as an economic asset6m
Territory full with resources5m
How to make use in full of all the treasures available?4m
How the transition was at all possible?9m
Reading5 readings
Assessment10m
Course Staff10m
Course Plan10m
Basic Readings10m
Pre-course survey10m
Quiz1 practice exercises
Territory full with resources30m

2

Section
Clock
2 hours to complete

Brief Russian economic history

Welcome to the Week 2! On this week you’ll learn how the transition was set up and organized. In this module we begin the analysis of the Russian economic policy. Understanding the specifics of transition process is crucial for understanding the roots and reasons of modern domestic issues of Russian Federation. That’s why we will make a thorough analysis of it....
Reading
5 videos (Total 90 min), 1 reading, 1 quiz
Video5 videos
Pillars of market reforms15m
State assets privatization. Vouchers19m
Another side of privatization.Buy-outs 118m
Another side of privatization.Buy-outs 223m
Reading1 readings
Readings for Week 210m
Quiz1 practice exercises
Brief Russian economic history30m

3

Section
Clock
2 hours to complete

Pillars of market reforms

Welcome to the Week 3! Today we continue to analyze initial measures within market reforms in Russia. The module will cover several topics like price liberalization including radical reform widely known as ‘’shock therapy’’ and real estate privatization. Then we will proceed to major controversies and paradoxes of transition. This module provides discussion on the ‘’New Russians’’....
Reading
6 videos (Total 78 min), 1 reading, 1 quiz
Video6 videos
Real estate privatization9m
Outcomes9m
Paradoxes16m
Basics and conclusions. Reform Goals for Russia22m
Other aspects of reforms2m
Reading1 readings
Readings for Week 310m
Quiz1 practice exercises
Pillars of market reforms30m

4

Section
Clock
2 hours to complete

Lost opportunities of transition

Welcome to the Week 4! Now we are coming to the next period of the Russian economic transition, namely the period since 1993. As usual you will get useful knowledge through video-lectures. However don’t forget to look at the list of recommended literature in case you want to learn more about the topic of this week. Also you will have to pass a short quiz in order to be assessed as a result of the Week 4....
Reading
5 videos (Total 56 min), 1 reading, 1 quiz
Video5 videos
1998 crisis11m
Understanding the crisis roots 120m
Understanding the crisis roots 24m
Outcomes of transition. Paradoxes9m
Reading1 readings
Reading for Week 410m
Quiz1 practice exercises
Lost opportunities of transition30m

5

Section
Clock
2 hours to complete

Understanding the golden decade and the subsequent crisis

Welcome to the Week 5! We continue to analyze Russian economy in transition. This week we pass on to an extremely interesting period of Russian economic history. We will look at the decade of steady growth, which can be called the golden decade for Russian economy. Economic crisis in 2008 in Russia will be the second important point of this week....
Reading
4 videos (Total 61 min), 1 reading, 1 quiz
Video4 videos
Understanding the golden decade21m
2008 economic crisis9m
Evolution of perception of transition. Paradoxes16m
Reading1 readings
Reading for Week 510m
Quiz1 practice exercises
Understanding the golden decade and the subsequent crisis30m

6

Section
Clock
2 hours to complete

Lessons of transition. Searching for solutions

Welcome to the Week 6! Now we will focus on some lessons of transition. To be more precise you will learn what role Stabilization Fund plays in Russian economy. ‘’To save or to borrow’’ dilemma and its solution in Russia will be discussed in this module as well. Then we are going to look at the impact of 2008 financial crisis on Russian economy....
Reading
4 videos (Total 62 min), 1 reading, 1 quiz
Video4 videos
Stab Fund’s role to assure economic stability19m
‘To save or to borrow’ dilemma23m
Lessons from Stabilization Fund8m
Reading1 readings
Reedings for Week 610m
Quiz1 practice exercises
Lessons of transition. Searching for solutions30m

7

Section
Clock
2 hours to complete

Fundamental challenges to the Russian economy

Welcome to the Week 7! Special focus will be on difficulties which Russia has faced as a result of the transition. There is rather long list of current challenges to Russian economic development. These problems have different roots, which we will consider. Please finish with the weekly quiz, which will help you to refresh your knowledge and help us to assess them....
Reading
5 videos (Total 80 min), 1 reading, 1 quiz
Video5 videos
Challenge of mineral resources’ abundance. Paradox25m
Will the muted virus of the Dutch decease infect Russian economy forever? How to catch up with a technological gap?16m
International division of labor. A new thinking on self reliance14m
Business narrow escape challenge11m
Reading1 readings
Readings for Week 710m
Quiz1 practice exercises
Fundamental challenges to the Russian economy30m

8

Section
Clock
1 hour to complete

Fundamental challenges to the Russian economy (follow up)

Welcome to the Week 8! We continue to speak on major challenges of Russian economy. It is our final lecture on the domestic issues of Russian economy. So you will get some general conclusions over economic transition in Russia. We offer you to pass a test that differs a bit from the previous ones - it includes a few questions from the previous topics. Good luck with your further studies!...
Reading
4 videos (Total 42 min), 1 quiz
Video4 videos
Infrastructure for an economic development10m
Corruption as a systemic challenge?9m
Corruption origins. Way out16m
Quiz1 practice exercises
Fundamental challenges to the Russian economy (follow up)28m
4.7

Top Reviews

By JKMar 26th 2017

This is one of the best courses which you can approach to understanding Russian economics, particularly its contemporary challenges and also a bridge to know the transition era!

By JFAug 30th 2017

Very detailed and clearly explained and presented course that gives better understanding of the current economic situation in Russia.

Instructor

Avatar

Vladimir Zuev

Professor

About National Research University Higher School of Economics

National Research University - Higher School of Economics (HSE) is one of the top research universities in Russia. Established in 1992 to promote new research and teaching in economics and related disciplines, it now offers programs at all levels of university education across an extraordinary range of fields of study including business, sociology, cultural studies, philosophy, political science, international relations, law, Asian studies, media and communications, IT, mathematics, engineering, and more. Learn more on www.hse.ru...

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