Credits: 6

Schedule: 28.10.2019 - 11.12.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Svetlana Ledyaeva

Teaching Period (valid 01.08.2018-31.07.2020): 

II Autumn (2018-2019), Otaniemi campus

II Autumn (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

Students will augment their understanding and knowledge of the Russian economy. The focus of the course is on general structure of the Russian economy, main principles of its functioning and its place and role in the world economy.

Content (valid 01.08.2018-31.07.2020): 

The course provides an introduction to the Russian economy. We will begin with the insight into economic history of Russia from Tsar Period (starting from Peter the Great) and proceed to the years of transition from Soviet to market economy. We then progress to the discussion of current issues of the economic development of Russia. These issues include economic geography of Russia, Russian financial system, sectorial analysis of the Russian economy, international economic relations of Russia with the rest of the World and some others. Special attention will be given to the current situation in Russia, i.e. Russian economy under sanctions. This will include such issues as the economic and political causes of Russia-Ukraine crisis, Western sanctions on Russia and countersanctions of Russia, the consequences of sanctions for Russia, its main partners and global economy in general.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

•    One individual home assignment, 15 % of the grading
•    One group homework, 10% of the grading
•    Presentation on the group homework and discussion, 5 % of the grading
•    Term paper, 30 % of the grading
•    Final exam, 40 % of the grading



Workload (valid 01.08.2018-31.07.2020): 

•    Lectures 22h
•    Home assignments 20h
•    Term paper 50h
•    Class presentation and discussion of group homework  10h
•    Preparing for lectures 20h
•    Revision/self study  20h
•    Preparation for exam 15h
•    Exam 3h
•    Total: 160

Study Material (valid 01.08.2018-31.07.2020): 

Oxford Handbook of the Russian Economy, Edited by Michael Alexeev and Shlomo Weber, 2013.


Articles, book chapters, etc. as specified by the instructor.

Book chapters of the course book will be uploaded on the course web page.

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Principles of Economics (31A00110 or 31A00210) course or equivalent studies.

Grading Scale (valid 01.08.2018-31.07.2020): 

0 -5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and exam via WebOodi


Registration and further information