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Program Type: 
Thesis
Non Thesis
Course Code: 
FE 533
P: 
3
Lab: 
0
Credits: 
3
ECTS: 
10
Course Language: 
English
Course Objectives: 

This course is designed to serve as a comprehensive course for researchers, policy makers, other practitioners, and undergraduate and graduate students interested in transition economies. Textbooks on this subject mainly aim to describe the socioeconomic conditions and problems in the former socialist countries and China. On the other hand, the main aim of this course is to understand academic research activities in transition economies research and their results in the last three decades.

Course Content: 

The course content is week by week: Introduction, Transition Economies: Purpose, Methodology and Structure, Transition Strategy Discussion: Radicalism vs. Progressiveism, Transitional Recession and Recovery: Determinants of the J-Curve of Growth, Economic Transition and Poverty: Changes in the Determinants of Poverty, Social Complexity and Corruption: Examining the Causes and Consequences of an Ethics Break, Privatization, Business Ownership and Enterprise Restructuring, Human Resources Management in Transition, COMECON System and Trade Collapse in Transition, Foreign Direct Investment in Transition Economies; Regime Change and Environmental Reforms; Disruptions in Financial Markets of Developing Countries; Financial Market Efficiency, Prospects and Dynamics.

Teaching Methods: 
1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study
Assessment Methods: 
A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes Programme Learning Outcomes Teaching Methods Assessment Methods
Understanding the structure of transition economies, transition strategies, J-Curve 1,2,3,5 1,2,3 A, C
Obtaining up-to-date information on trade, human resources and reforms in the transition period 1,2,3,5 1,2,3 A, C
Understanding the functioning of financial markets in developing countries 1, 5 1,2,3 A, C

Course Flow

COURSE CONTENT
Week Topics Study Materials
1 Introduction Chapter 1
2 Economies of Transition: Purpose, Methodology and Structure Chapter 2
3 Transition Strategy Debate: Radicalism vs. Progressiveism Chapter 3
4 Transitional Recession and Recovery: Determinants of the J-Curve of Growth Chapter 4
5 Economic Transition and Poverty: Changes in Determinants of Poverty Chapter 5
6 Social Confusion and Corruption: Examining the Causes and Consequences of an Ethical Break Chapter 6
7 Midterm Exam  
8 Privatization, Business Ownership and Restructuring of Ventures Chapter 7
9 Human Resource Management in Transition Chapter 8
10 The COMECON System in Transition and the Collapse of Trade Chapter 9
11 Foreign Direct Investment in Transition Economies Chapter 10
12 Regime Change and Environmental Reforms Chapter 11
13 Disruptions in Financial Markets of Developing Countries Chapter 12
14 Financial Market Efficiency, Prospects and Dynamics  
15 Final  
16 Final All Content

Recommended Sources

RECOMMENDED SOURCES
Textbook The Economics of Transition Developing and Reforming Emerging Economies, Edited by Ichiro Iwasaki, 2020, Routledge
The Economics of Financial Reform in Developing Countries, Wilbert 0. Bascom, 1994, PALGRAVE THE MACMILLAN PRESS LTD
Additional Resources Course Notes Course website, lecture notes, financial markets laboratory, financial calculator, online resources, excel type software.

Material Sharing

MATERIAL SHARING
Documents Guidelines and additional examples for Lecture Topics and Homework Assignments
Assignments Homework assignments
 
Exams Midterm Exam and Final Exam

Assessment

ASSESSMENT
IN-TERM STUDIES NUMBER PERCENTAGE
Mid-Term 1 20
Class Performance 1 20
Final Exam 1 60
  Total 100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL
GRADE
  60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL
GRADE
  40
  Total 100
 
COURSE CATEGORY Expertise/Field Courses

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAMME
No Program Learning Outcomes Contribution
1 2 3 4 5
1 To comprehend the basic principles of finance and to be able to apply these principles in national and international areas.          X
2 To use modern information technologies and current financial tools effectively.        X  
3 To comprehend the ethical rules and social responsibility understanding accepted by financial professional organizations and to apply them in the decisions to be taken.    X      
4 To have the infrastructure that will enable them to do business in multicultural, multilingual and interdisciplinary environments.      X    
5 To have information about the markets and the functioning of the markets and to analyze the developments in these markets.     X X  
6 To recognize the management tools and models specific to multinational companies and to be able to apply them where necessary.          
7  To understand the structure of the global economic system and to analyze how new developments will affect this structure.   X      
8 To be able to use the ability of critical thinking in the decision making process.    X      
9 To transfer the acquired leadership, teamwork and communication skills to the lifelong learning process.           
10 To be able to manage the process with analytical and creative approaches by anticipating the opportunities and problems that dynamic working conditions may create.           

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Including the exam week: 15x Total
course hours/week)
16 3 48
Hours for off-the-classroom study (Pre-study, practice,
review/week)
16 4 96
Homework 5+1(Proje) 60 60
Mid-term  1 10 20
Final 1 15 30
Total Work Load     254
Total Work Load / 25 (h)     10.16
ECTS Credit of the Course     10