Module Details

EC330-7-AU-CO: Economics Of Transition

Year: 2017/18
Department: Economics
Essex credit: 20
ECTS credit: 10
Available to Study Abroad / Exchange Students: No
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Supervisor: Mr Alastair McAuley
Teaching Staff: Mr Alastair McAuley
Contact details: For further information, send an email message to

Module is taught during the following terms
Autumn Spring Summer

Module Description

This course examines one of the greatest events in the late 20th century, that is, the economics of the collapse of socialist economies and their transition to market economies. In this course, we will address the following questions: what were the causes of the collapse of Centrally Planned Economies (CPEs)?; what are the economic problems which transitional economies have faced; what can be learned from the different policies followed and degrees of success achieved so far in Central and Eastern Europe and in East Asia on the one hand and by the other so-called BRICs on the other?

Students who successfully complete this course will have achieved an insight into basic features of CPEs and their shortcomings contributing to collapse. In addition, they will have gained empirical knowledge of the issues which transitional economies have encountered. This course is also expected to provide an understanding of how economic theories can be applied to analyse economic issues in transitional economies

Learning and Teaching Methods

One lecture and one class per week in one term


50 per cent Coursework Mark, 50 per cent Exam Mark


Term Paper maximum word limit

Exam Duration and Period

2:00 during Summer Examination period.

Other information

This variant is only available to postgraduate students taking this module as an outside option. Students must consult with the Department of Economics regarding the level of economics background required for this module.


  • Myant, M., and Drahokoupil, J., Transition Economies: political economy in Russia, Eastern Europe and Central Asia, Wiley, 2011.
  • Gros, D., and Steinherr, A., Economic Transition in Central and Eastern Europe: Planting the Seeds, Cambridge University Press, 2004.
  • Naughton, B., The Chinese Economy: transition and growth, MIT Press, 2007.
  • Panagariya, A., India, the Emerging Giant, Oxford University Press, 2008.
  • Baer, W., The Brazilian Economy: growth and development, (6th edition) Lynne Rienner Publishers, 2008.
  • Hare, P. and Turley, G., Handbook of the Economics and Political Economy of Transition, Routledge, 2013.

Further information