Syllabus

Title
5823 Economic and Fiscal Policy: Privatisation of Firms and Banks and European Integration
Instructors
Dr. Evgeni Peev
Contact details
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/20/15 to 02/24/15
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Monday 03/09/15 11:00 AM - 01:00 PM TC.5.15
Monday 03/16/15 11:00 AM - 01:00 PM TC.5.15
Monday 03/23/15 11:00 AM - 01:00 PM TC.5.15
Monday 04/13/15 11:00 AM - 01:00 PM TC.5.15
Monday 04/20/15 11:00 AM - 01:00 PM TC.5.15
Monday 04/27/15 11:00 AM - 01:00 PM TC.5.15
Monday 05/04/15 11:00 AM - 01:00 PM TC.5.15
Monday 05/11/15 11:00 AM - 01:00 PM TC.5.15
Monday 05/18/15 11:00 AM - 01:00 PM TC.5.15
Monday 06/01/15 11:00 AM - 01:00 PM TC.5.15
Monday 06/08/15 11:00 AM - 01:00 PM TC.5.15
Monday 06/15/15 11:00 AM - 01:30 PM TC.5.15
Contents

The teaching module “Liberalization, Privatization and European Integration” is co-funded by the Erasmus+Programme of the European Union.The teaching module consists of two courses: (1) Liberalization of Markets and European Integration and (2) Privatization of Firms and Banks and European Integration. The participation in the first course is not a prerequisite for participation in the second course.

The course “Privatization of Firms and Banks and European Integration” focuses on privatization and European integration with a special emphasis on countries in Central and Eastern Europe (CEE). The introductory part of the course gives an overview over state-owned enterprises, financial sector and economic performance in CEE before 1990 to present background on transition. The basic part covers the transition to a market economy since 1990 focusing on: (i) determinants of privatization of non-financial firms and the role of the European transnational companies; (ii) corporate governance structures of privatized firms and their effects on economic performance (investment, profitability and the like); (iii) European banking groups-led privatization of banks in CEE; (iv) the new challenges of the global financial crisis on the role of big banking groups on economic performance in CEE.

Learning outcomes
The course enables students to understand: (1) the key economic problems of state-owned enterprises and financial sector in CEE before transition, (2) the policies for commercialization and privatization of state-owned firms, (3) the convergence (divergence) patterns of privatization in the New EU Member States, (4) the effects of ownership structures on performance, (5) the new challenges of the global financial crisis on the role of European banking groups on economic performance in CEE.
Teaching/learning method(s)
The course shall discuss variety of theories,empirical evidence and policy debates. It includes: (i) lectures and (ii) seminar presentations of papers by the students. The design of presentations (papers,schedule, form and the like) will be specified after the first course meeting.
Assessment

Test (60%), seminar presentation (25%), class participation (15%).

Readings
1 Author: Janos Kornai
Title: The Socialist System. The Political Economy of Communism

Publisher: Oxford University Press
Remarks: various chapters
Year: 1992
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
2 Author: William Megginson and Jeffry Netter
Title:

From State to Market: A Survey of Empirical Studies on Privatisation


Publisher: Journal of Economic literature, Vol. 39, No 2, June, pp. 321-389.
Year: 2001
Content relevant for class examination: Yes
Recommendation: Reference literature
Type: Journal
3 Author: Dennis C. Mueller
Title: The Corporation: Investment, Mergers, and Growth

Publisher: Routledge
Remarks: Chapters: 3-7
Year: 2003
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
4 Author: Klaus Gugler (ed.)
Title: Corporate Governance and Economic Performance

Publisher: Oxford University Press
Remarks: Chapter 2
Year: 2001
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
Availability of lecturer(s)
Other

Im Sommersemester 2015 gibt es für beide LVs („Wirtschafts- und Finanzpolitik“ und „Wirtschafts- und Finanzpolitik fürJurist/inn/en“) folgende Anmeldemodalitäten für die Planpunkte:

· PP 6052 "Wirtschafts- und Finanzpolitik" (BaWiSo(06) BaWiSo (11) BaWiSo (12))

· PP 6044 "Wirtschafts- und Finanzpolitik fürJurist/inn/en" (BaWiRe (12)):

Die zugehörigen Lehrveranstaltungen gehen mit jeweils 30Plätzen in die LPIS-Anmeldung.

Nach Anmeldeschluss werden die Plätze je Lehrveranstaltung auf 40 erhöht und die zusätzlichen Plätze an jene Studierende in den Wartelisten, die noch keinen Platz haben (d.h. Tauschansuchen werden hier nicht berücksichtigt), gereiht nach Studienfortschritt zugeteilt.

Unit details
Unit Date Contents
1 09.03.2015 State-Owned Enterprises and Financial Sector in the Socialist System
2 16.03.2015 Determinants of Privatization in Transition Countries 
3 23.03.2015 Privatization of Non-Financial Firms and the Role of the European Transnational Companies
4 13.04.2015 Corporate Governance
5 20.04.2015 Ownership and Performance
6 27.04.2015 Bank Privatization and the European Banking Groups
7 04.05.2015 Banks and Economic Performance: Challenges of the Global Financial Crisis
8 11.05.2015 Test
9 18.05.2015 Seminar presentations
10 01.06.2015 Seminar presentations
11 08.06.2015 Seminar presentations
12 15.06.2015 Seminar presentations
13
Last edited: 2015-07-15



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