Course topics:

• New political economy and development economics
• Globalization and the catching-up of the emerging markets
• Economic transition in Central and Eastern Europe, and its interpretation in development economics
• Varieties of capitalism in Central and Eastern Europe
• Double challenges of globalization and Europe
• The role of European integration, the conditions of long run stability
• Interpretation of the Russian transformation in the new political economy
• Interpretation of the Chinese transformation in the new political economy
• Private property, regulation, and regulated markets
• Institutions and economic development

Aims:

Students will be able:

• to understand the economic transition in the post-socialist countries
• to learn and to apply institutional approach in economic analysis
• to understand economic trends in the European Union

Essential reading:

László Csaba (2007): The New Political Economy of Emerging Europe. Akadémai Kiadó, Budapest, ISBN: 978 963 05 8459 3

Recommended readings:

Bohle, D. - Greskovits, B. (2012): Capitalist Diversity on Europe’s Periphery. Cornell University Press, Ithaca and London, ISBN-10 0-8014-5110-8

Beáta Farkas (2011): The Central and Eastern European model of capitalism. Post-Communist Economies 23: (1) 15-34