Economics of Transition: Eastern Europe

4 credits · Undergraduate

Economic behavior under socialism; socialism vs. capitalism. Transition challenges. Stylized facts of transition. Political economy of reform strategies. Liberalization and the macroeconomic environment. Privatization policies and enterprise restructuring. Legal reform, institutional change, and variation in economic performance across countries. Foreign trade and enlargement of the European Union to transition countries. The Washington consensus, transition, and the institutions of capitalism.