Syllabus

Title
5591 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
02/10/16 to 02/24/16
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Monday 03/07/16 11:00 AM - 01:00 PM D5.1.001
Monday 04/04/16 11:00 AM - 01:00 PM D5.1.001
Monday 04/18/16 11:00 AM - 01:00 PM D5.1.001
Monday 04/25/16 11:00 AM - 01:00 PM D5.1.001
Monday 05/02/16 11:00 AM - 01:00 PM D5.1.001
Monday 05/09/16 11:00 AM - 01:00 PM D5.1.001
Monday 05/23/16 11:00 AM - 01:00 PM D5.1.001
Monday 05/30/16 11:00 AM - 01:00 PM D5.1.001
Monday 06/06/16 11:00 AM - 01:00 PM D5.1.001
Monday 06/13/16 11:00 AM - 01:00 PM D5.1.001
Monday 06/20/16 11:00 AM - 01:30 PM D5.1.001
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%).

Prerequisites for participation and waiting lists

If you have a valid registration to the lecture, but will notparticipate, please unregister during the registration period of LPIS. Yourplace will be available for other students.
During the registration period free positions are filled according to the"first-come, first-served“ principle.
After the end of the registration period students on the waiting list will beregistered to the lecture based on their progress in their studies. Noregistration to the lecture can be guaranteed. Any vacant seats in the classeswill only be allocated through the waiting list - neither via email nor byphone nor in the 1st course session.

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

Unit details
Unit Date Contents
1 07.03.2016 State-Owned Enterprises and Financial Sector in the Socialist System
2 04.04.2016 Determinants of Privatization in Transition Countries 
3 18.04.2016 Privatization of Non-Financial Firms and the Role of the European Transnational Companies
4 25.04.2016 Corporate Governance
5 02.05.2016 Ownership and Performance
6 09.05.2016 Bank Privatization and the European Banking Groups
7 23.05.2016 Banks and Economic Performance: Challenges of the Global Financial Crisis
8 30.05.2016 Test
9 06.06.2016 Seminar presentations
10 13.06.2016 Seminar presentations
11 20.06.2016 Seminar presentations
Last edited: 2016-02-09



Back