Level of study Third/Final year
Credit value 20
Semester 1 and 2
Pre-requisite modules Where students take this course as a 10 credit unit they will be expected to undertake self directed study of the material not covered from the readin
The institutions of the Soviet planned economy are reviewed, together with the systems of economic planning and the non-market allocation of resources. The behavioural characteristics of the system are explored and its economic performance analysed. Particular sectors: agriculture, industry, science and technology, and defence are examined. Attempts to reform the system, including the Gorbachev perestroika are investigated and the reasons for the economy’s decline and ultimate collapse explored. This understanding of the planned economy provides the basis for a detailed examination of post-communist economic transformation in Russia and other successor states of the USSR with some comparisons, when appropriate, with other economies in transition. Issues of macroeconomic stabilisation, domestic and external liberalisation, privatisation and regional transformation are analysed. The role of Western assistance and investment is investigated. In conclusion, prospects for the creation of a viable market economy are explored: what kind of capitalism will evolve in Russia?
Teaching and learning methods
These courses are taught by a combination of lectures, classes and directed reading.
This module is available as:
Autumn term only 10 credit unit – 3,000 word assessed essay
Spring term only 10 credit unit – 3,000 word assessed essay
Whole Year 20 credit unit – 2 x 3,000 word summative essays (25%) each, plus 3 hour examination (50%)