This course examines the theory that underpins understanding of economic growth and development of emerging economies in the global context. Focusing on China, India, Russia, the post-Soviet region, and other Southeast Asian emerging countries, we examine the causal factors, potential, and limit of current macroeconomic circumstances and project possible economic developments in light of these countries' opportunities. That is, booming markets as income levels rise, massive potential for their local consumer markets, abundant low-cost labor, richness in natural resources, and being at the forefront of international trade and business. Approaches to developing high tech innovation-based economies and boosting structural reforms and trade policy, and the strategies available to international firms for successful investment and business operation in these emerging market economies are analyzed. Students independently research, write, and present studies of the strategies of various emerging economies and the nature of the rapid economic transformations these countries are currently undergoing. (4 credits)
ECON S-10a, or the equivalent. Proof of English proficiency is required of students whose native language is not English.
ECON E-1317 Hybrid: The Economics of Emerging Markets—Asia and Eastern Europe (24054)
Spring term 2015
Bruno S. Sergi, PhD. Professor of International Economics, University of Messina and Associate, Davis Center for Russian and Eurasian Studies, Harvard University.
Class times: On campus Saturday, Jan. 31, 9 am-6 pm, and Sunday, February 1, 9 am-1 pm. Mondays via live web conference, 5:30-7:30 pm on Feb. 2, 9; March 2, 16, 30; April 13, 20, 27; May 4.
Course tuition: undergraduate credit $1,250, graduate credit $2,200
Limited enrollment.
Note: This course is taught in a hybrid model, with an intensive—and mandatory—two-day residency followed by live web conferences using Blackboard Collaborate. The course begins with the on-campus meeting, Saturday, Jan. 31, 9 am-6 pm; and Sunday, Feb. 1, 9 am-1 pm. The sessions conducted via live web conferences meet on Mondays, 5:30-7:30 pm, on Feb. 2, 9; March 2, 16, 30; April 13, 20, 27; and May 4. Tuition does not include hotel accommodations, transportation, or meals for the on-campus session Jan. 31-Feb. 1.