Socio-economic transitions

Pre-requisites: Completed masters studies or an MS (masters of science)

Course objectives: The objective of this course is for students to be introduced to contemporary inclinations of socio-economic change in post-socialist and modern capitalist countries.

Course description: The first part of this course is comprised of examining basic mechanisms of the market of goods and services, the labor market and financial sector in ex-socialist countries and consequently,reasons why the move to a market economy was inevitable. The second part of the course deals with themes on the role and structure of modern financial markets, which, presently, are quintessential mechanisms of movement in distribution of capital with international proportions. Finally, we will conduct comparative analysis of socialist and neo-liberal doctrine and contemporary economic ideas about the relation of society & the public sector-market.

Learning Outcomes: Students will possess knowledge of mechanisms of the functioning market economy in post-socialist societies after the socialist transformation – market commodities and services, financial market and the labor market.

Literature/Reading:

• Zec, M i B. Živković (1997), “Tranzicija realnog i finansijskog sektora” Institut ekonomskih nauka, Beograd.
• Friedman, M. i R. Friedman (1996), “Sloboda izbora: lični stav.” Global Book, Novi Sad.
• Bernstein, P.L. (1998b), “Stock Market Risk in a Post Keynesian World.” Journal of Post Keynesian Economics, Vol. 21, No. 1.
• Davidson, P. (2002), “Financial Markets, Money and the Real World.“ Edward Elgar Publishing Limited.
• Crotty, J. (1990), “Owner-Manager Conflict and Financial Theories of Investment Instability: A Critical Assesment of Keynes, Tobin and Minsky“ Journal of Post Keynesian Economics, Vol. 12, No. 4.
• Crotty, J. (1990), “Keynes on Stages of Development of the Capitalist Economy: The Institutionalist Foundation of Keynes Methodology“ Journal of Economic Issues, Vol. 24, No. 3.
• Whalen, C.J. (1997), “Money-Manager Capitalism and the End of Shared Prosperity.“ Journal of Economic Issues, Vol. 31.
• Chancellor, E. (2000), “Devil Take the Hindmost: A History of Financial Speculation.” A Plume Book, New York.
• Bortolotti, B., M. Fantini and D. Siniscalco (2001), “Privatisation: Politics, Institutions and Financial Markets” Emerging Market Review.
• Chris Tilly and Charles Tilly (1994) „Capitalist Work and Labor Markets“, in Smelser, N. And Swedberg, R. (eds.) The Handbook of Economic Sociology, Russel Sage Foundation, New York: 283-312.
• O’Reilly, J., Fagan, C. (eds.) (1998) Part-Time Prospects: an International Comparison of Part-Time Work in Europe, North America and the Pacific RIM, London: Routledge International Labour Organizat
• Janice Bell (2000) Unemployment in Transition: Restructuring and Labour Markets in Central Europe (Economics in Transition to the Market), Routledge, London.
• Mihail Arandarenko (ur.) (2006) Mapiranje tržišta rada Srbije: ocena regionalnih rizika i potencijala, CEVES, Beograd.
• Grupa 484 (2007) Položaj izbeglica na tržištu rada i njihovo uključivanje u aktivne mere zapošljavanja, Beograd.
• Galbraith, J.K (2001), “Dobro društvo – humani redosled.” Grmeč, Beograd.
• Whalen, C.J. (1999), “Hyman Minsky’s Theory of Capitalist Development.“ Jerome Levy Economics Institute, Working Paper No. 277.
• Stiglitz , J. (2002), ”Protivrečnosti globalizacije.” SBM-x, Beograd.
• La Porta, R., F.L. de Silanes, A. Shleifer, R.W. Vishny (1996), "Law and Finance." NBER Working Paper, July 1996.
• Galbraith,J.K. (1997), ”Novac – odakle je došao, gde je otišao.” Grmeč, Beograd.
• Mishkin, S.F. (2002), "The Economics of Money, Banking and Financial Markets." Addison-Wesley Longman Inc, United States.
• Fabozzi, J.F., F. Modigliani, F.J. Jones and M.G. Ferri (2002), “Foundations of Financial Markets and Institutions.” Prentice–Hall International Inc.
• Castels, M. (2000) Uspon umreženog društva, Golden marketing, Zagreb.
• Vlada Republike Srbije (2005), Nacionalna strategija zapošljavanja Republike Srbije.
• Romski informativni centar (2007) Položaj Roma na tržištu rada u šumadijskom regionu, Kragujevac.
• Savet za ravnopravnost polova Republike Srbije, UNDP Srbije, Položaj žena na tržištu rada u Srbiji.
• TRANSITION REPORT, European Bank for Reconstruction and Development, 1995-2007.
• WORLD DEVELOPMENT REPORT, World Bank, Washington D.C., 1996-2007.