New
Economic
School
Moscow
2002
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NES is a graduate school of modern economics in Moscow, offering a twoyear study program and endowing a master degree. The curriculum follows
those in top Western schools with additional courses on the economic of
transition and the Russian economy.
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NES AT THE 10TH ANNIVERSARY STATION
n the fall of 1991, as the Soviet Union was about to disintegrate, a group of Russian and Western economists shared a
concern and a vision about the future of economics education in Russia. As Russia was aiming at the creation of a market economy there was an urgent task to replace the old Marxist paradigm by teaching and doing research in modern
economics. Such development could have happened only through a transfer of the available body of economic knowledge
from abroad.
Leading economists from all parts of the world, assisted by a small group of domestic scholars, were invited to offer a program of graduate studies in modern economic theory and methodology to a selection of talented students. The best and
most motivated among these students would pursue PhD studies at leading universities in the West, and upon their return
will train a new generation of Russian economists. Others, no less motivated students will join Russia's embryonic market
economy, by assisting the government to develop the institutional and
policy framework, and by assuming positions in the private sector.
A rapidly assembled International advisory board prepared an academic and a business plan; initial funding was secured through the
Soros Foundations, and thus the New Economic School was born.
Since then and ten years later more than 300 students of 9 classes graduated, and more than 100 visiting professors from abroad have joined
the Russian professors to provide a rich program of study in graduate
economics and to pursue joint research projects. Over this period, NES
graduates and others with Western Ph.D.s, as well as a number of
domestic professors, first joined NES and then gradually replaced visiting professors. All of them contributed to teaching, research and fostering an indigenous resident faculty at NES.
By its eleventh year, NES fulfilled a good part of its mission.
The school is recognized for its outstanding quality as a
resource center of teaching and research of modern economics in Russia, and as a main dual link and channel of academic communication between the new Russia and the global economics community. This is
being accomplished in three ways:
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First, In Russia and other countries of the Former Soviet Union, NES
reaches out, via its outreach center, to other institutions of higher education and individual economists, in a sustained effort to disseminate
teaching of economics to faculties of other universities, to help build a
true academic community of scholars in the Western tradition.
Second, NES reaches out to the real economy and its practitioners
through policy related research, training and executive education, and
by having placed nearly 200 graduates at positions of professional
economists in government, think-tanks, and the private sector, all contributing to the making of economic policy at high levels. These activities and the growing indigenous Russian faculty enhanced the impact
and visibility of NES on the Russian arena.
Third, NES provides a bridge to the global economic community,
through inviting visiting professors and scholars, conducting joint research projects, maintaining a rich
library and international resource bases, including an intensive internet network, participating in international conferences, and sending of a segment of each class (more than 120 so far) for Ph. D. (and post-Doc)
studies in Western Universities. Some of the early starters came back and hopefully many more will follow.
Others accepted prestigious
tenure track positions in
"We see a country transforming its system of higher education to
top universities and will
meet the demands of the modern world, with institutions like the
help to solidify the Western
new Law Factory at Novgorod University, and the New Economic
end of the link of NES and
School in Moscow."
Russia to the West. A channel is by definition a twoWilliam Jefferson Clinton, 42nd President of the United States of
way road, open for both
America, from remarks to the Russian Duma, June 5, 2000
retention and so-called
brain drain. The more
dynamic the transition and
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economic growth in Russia in general and the faster the real reform of its high education system in particular, the heavier will the traffic in Russia's direction be.
On the verge of a new decade NES stands tall in its achievements: the creation of an exemplary civic and
"open society" institution of higher education with a sustained, long term contribution to economics in
Russia. With more than 300 graduates and nearly 160 current students in two classes, and a 20 strong faculty, NES is looking for the
second decade with pride,
hopes, confidence, and
" It is such a pleasure to know that the new economic school is
more plans: to increasing
achieving its goals of preparing for Russia Specialists with
the student body to 200, to
higher economic training in accordance with international ecoestablish a Ph. D program,
nomic standards"
to expand research and
policy work, to solidify the
Alexei Kudrin, finance minister of Russia
financial base through creation of an endowment
and cost recovery, and to
strengthen its governance with a full fledged board of Russian-Western trustees. In ten years time NES hopes
to be in the community of modern economics faculties, in which NES graduates play a leading role, and be
a leader in modern economics teaching, research, and practicein a Russia that is fully transformed into a
mature democracy with a market economy.
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MASTER OF ARTS IN ECONOMICS
he program of study at NES is based on the first two-years of study in leading graduate (PhD) programs in Western universities, with
added courses on transition and the
Russian economy and on institutional economics and political economy. Teaching at
NES emphasizes intensive reading, mostly
Western texts and journals, and self-study by
means of weekly problem sets. The academic
year is divided into 5 modules each 8 weeks
long , the last week devoted to the final examinations. Most courses include 4 academic
hours a week of lectures plus a discussion section. Since most students do not have any
background in economics before coming to
NES, the program devotes the first two modules to preparatory courses at the intermediate undergraduate level.
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BILINGUAL INSTRUCTION
For obvious reasons, teaching at NES is done
both in English and Russian. English proficiency of the students is important since English is the working language of economics, including most of
the readings for courses and most journals. Hence, NES provides intensive training of English during the two
years of study. This has become even more important in recent years as instruction has been turning to be
mostly in Russian.
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Preparatory level Coursework (Year 1: 2 two-month modules with exams)
• Intermediate Micro
•Intermediate Macro
•Math for Economists, Probability and Statistics
Graduate level Coursework (Year 1: 3 two-months modules with exams)
•Advanced Micro
•Advanced Macro
•Econometrics
•Game theory
•The Russian Economy
All first year courses are obligatory and uniform for all students
Second year Coursework (5 two-months modules with exams)
Coursework during the second year is comparable to PhD level course offerings in Western universities. Students
take elective courses designed to give them a mastery of several core fields of modern economics and a wide range
of other elective courses.
Required course: History of Economic thought
Core fields include typically the following: (a number of courses in each field)
•Public Economics
•Growth and Development
•International Economics
•Industrial Organization
•Labor Economics
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Among the electives courses offered are
•Theory of economic reform
•Economics of Transition
•Open macroeconomic
•Banking
•Political Economy
•Contract theory
•Advance micro and macro
•Advanced courses in Econometrics
•Data analysis
•Financial Markets
•Investment theory
•Anti-trust and regulation
•Natural Resource and Environmental Economics
•Evolutionary Game Theory
•Health Economics
Special Fields
In the academic year 2002/3, on an experimental basis NES instituted, clusters
of “applied“ courses in a number of special fields, in order to improve the skills of graduates who seek careers in the private sector: Finance, Economic policy, Data analysis,
and Managerial Economics. The choice of such a specialization will be recognized in
the students’ diplomas. Special field courses are not easier courses; rather they are
focused on a specific area relevant to practicing economists. All students are invited
to take any of the “applied” courses as part of their electives.
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Among the special field courses offered or to be offered are
Finance:
Corporate finance
Cost benefit analysis
Investment theory
Russian financial System
Financial intermediates
Monetary theory
Data Analysis:
Applied Econometrics
Economic Statistics
Data Analysis
Pricing
Economic Policy:
Theory of economic reform
Economics of Transition
Law and economics
Regulation theory
Trade policy
Fiscal Policy and Fiscal Federalism
Managerial Economics:
Applied microeconomics
Managerial economics
Contract theory
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MASTER THESIS
All students are required to prepare a master thesis during the second year of studies. The thesis is a substantial paper incorporating (and sometimes developing) modern theory, applied in many cases, through
the use of appropriate models and/or data, to issues of economic transition and the Russian economy.
Theses are prepared in a framework of research projects including 4-6 students and lead by faculty members
and visiting scholars. The groups meet in a weekly workshop for discussion, guidance, supervision and presentations. The master theses are presented in a mid-year conference and the papers of the project leaders in
an annual conference in the fall. Work in progress and drafts are presented in yearlong ongoing research
workshops. Edited theses are published by NES and in journals.
FACULTY AND PUBLIC
SEMINARS
NES, in cooperation with CEFIR,
conducts a weekly department
seminar, in which research
papers by faculty, staff and visitors are presented, and a weekly
public seminar, opened to students, in which in addition to the
above, public officials and corporate executives discuss topics on
their activities.
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NES RESEARCH CENTER
ES is a research university, following the Western model. The combination of research and teaching
guarantees a constant renovation and updating of teaching materials at the frontiers of economics
and provides top level
training for the students in
Examples of Research Projects
research methods selection of
topics and creativity (see
'Master Theses' above). The
Wage Differentiation and Perceived Inequality.
NES Research Center opened
Electricity Restructuring and Regulatory Reform in
in 1995 and since then more
Russia
than 70 research projects were
Distributional Effects of Social Sector Reforms in
conducted involving some
Russia
250 students and dozens of
Trends in the Banking Sector in Russia and Bank
research directors and assisRatings
tants. Each project produces 3Industrial Policy and Growth in Transition
6 research reports and papers
Economies
some by students and some by
Wealth Inequality, Electoral Laws, and Political
the project heads. The research
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•
•
•
•
•
•
topics range over a wide spectrum of fields from economic
theory and econometrics to
numerous projects that follow
Structures
•The Effect of WTO Accession on Russia
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Sample of Students Theses
Kassian G. Mortality Crisis in Russia: Evidence from
International Panel Data
Mikusheva A. Information Aggregation and
Efficiency in Auctions
Ravichev A. Electoral cycles in Russian regions
Karev M. Towards the Dynamic model of Legal
Reform.
Vasnev A. A Nonparametric Method for Bootstrap
Resampling in Autoregressions
Rewenko S. Russian Federalism: Competitive or
Not?
Bobyshev A. Russian Banks: Typical Strategies and
Financial Intermediation
Goltsman M. Empirical Analysis of Managerial
Turnover in Russian Firms
Stepanov S. Privatization of Natural Monopolies
under Asymmetric Information
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the transition from a planned to a market
economy. They include research on economic theory, econometrics and data analysis,
macroeconomic stabilization, enterprise
restructuring, corporate governance, barter
and financial industrial groups, wage determination and unemployment, trade policy
and accession to the WTO, banking and
financial markets, institutions, rent seeking
and corruption, taxation and budgets, fiscal
federalism, income distribution and poverty,
pensions, health care, natural resources, the
environment and many others. Thus far more
than 50 Best Student Papers and more than
40 Working Papers have been published
through the Research Center, many of which
were presented in many international and
domestic conferences, and published in economic journals. Many of the papers prepared
at NES over the last few years were presented
and discussed in Policy oriented meetings in
the public and private sector. NES conducts
two research conferences annually, in April
and October.
NES OUTREACH CENTER
utreach activities began in 1998 through the conduct of dozens of intensive workshops for instructors from regional universities throughout the Russian Federation and in other CIS countries. Thus
far, more than 400 faculty members from more than 100 regional universities outside Moscow have
participated in one or more of some 35 weeklong workshops in microeconomics, macroeconomics, quantitative research methods, and econometrics. In this way knowledge of modern economics has spread to
many regions of Russia and the CIS, including St. Petersburg, Novosibirsk, Kislovodsk, Perm, Nizhny
Novgorod, Almati, Vilnus, and Kishinev. In addition to the workshops, NES also organized a number of
longer summer schools devoted to a range of topics in economics in Moscow and in Almaty.
In the frame of the OSI Megaproject "Development of Higher Education in Russia", NES has been serving as
a resource center for a number of provincial faculties of economics, in Ekaterinburg, Voronezh and
Vladivistok. Through a program of partnership, NES has been inviting regional faculty members and graduate students to attend courses at NES, discuss methodology, prepare course curricula and participate in
research projects. Special workshops have been organized in the regions and in Moscow. All of this enabled
the participating scholars, students and faculties to incorporate the acquired knowledge and upgrade their
teaching of economics. NES received very high evaluations for its participation in the Mega-project.
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EXECUTIVE EDUCATION
n AY 2001-2002, NES expanded its outreach efforts to the direction of
executive education program. NES won a tender to train 40 officials of
the Ministry of Economic Development and Trade in macroeconomic
forecasting. The course lasted 6 weeks (120 academic hours), and both
teaching and overhead costs were fully recovered. NES has also begun negotiations with a few of the largest Russian companies to deliver custom-tailored executive education courses in corporate finance and strategy.
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FACULTY
uring the early years NES depended on
teaching by visiting professors from all over
the globe that taught the main economic
courses (see curriculum above). More than 100 professors visited NES in this way. In 1998 NES started to
hire tenure track professors and at its 10th anniversary NES' faculty consists of 8 tenure-track young
assistant professors, with Western Ph. Ds or equivalent, educated in the best economics departments or
equivalent, and 3 senior professors. In addition there
are three Western trained Ph. Ds, who work at CEFIR
and a group of dedicated domestic teachers. NES
graduates, currently pursuing their PhDs, are also
involved in teaching, research and outreach activities, serving as instructors, project leaders, teaching
and research assistants. NES continues to invite a limited number of visiting professors in order to sustain
the mission of NES as a bridge to the global community of economics and to work together with the
young faculty members. As the tenure track faculty
expands, the young faculty members take upon
themselves an increasing share of administrative and
managing duties and gain a louder voice in academic
deliberations and decision-making.
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Resident Faculty at NES
Tenured Professors:
Valery Makarov,
Victor Polterovich
Vladimir Popov
Tenure Track Assistant Professors:
Stanislav Anatolyev, Ph. D. University of Wisconsin at Madison
Alexei Deviatov, Ph. D. Pennsylvania State University
Alexei Goriaev, Ph. D. Tilburg University
Sergey Guriev, Postdoc, MIT
Konstantin Sonin, Postdoc, Harvard
Kiril Sosunov, Ph. D. Australian National U.
Grigory Kosenok, Ph. D. University of Wisconsin at Madison
Oleg Zamulin, Ph.D. University of Michigan
Instructors:
Pavel Katyshev
Anatoly Peresetski
Russian Visiting Professors:
Sergey Aivazian, CEMI
Oleg Eismont, RAS
Revold Entov, IMEMO
Mark Levine, HSE
Vladimir Danilov, CEMI
Ksenia Yudaeva, Ph. D. MIT
Ekaterina Zhuravskaya, Ph. D. Harvard
Irina Denisova, Ph. D. University of Manchester
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VISITING PROFESSORS
on Patinkin of the Hebrew University in Jerusalem, a renowned
economist, taught at NES during the first three years. By doing
so he recognized the importance of the mission of NES and set
an example for many others to follow. He was an exemplary teacher and
communicator and so also helped to establish at NES high standards of
teaching and of dedication to economic education. Don Patinkin passed
away in 1995 at the age of 73 shortly following his third teaching visit at
NES. After his death, his wife, Devora donated part of his personal library
to NES. The library at NES is called in his name.
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The following represents a partial list of well-known
professors of economics who have or taught at NES since
its inception:
Benjamin Bental, Haifa University
Daniel Berkowitz, University of Pittsburgh
William Branson, Princeton University
James Durbin, London School of Economics
Michael Ellman, University of Amsterdam
Richard Ericson, Columbia University
Zvi Eckstein, Tel Aviv University
Roger Gordon, University of Michigan
Simon Grant, Australian National University
Zvi Griliches, Harvard University
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Reuben Gronau, Hebrew University
Bronwyn Hall, Berkeley, University of California
Daniel Hamermesh, University of Texas, Austin
Arye Hillman, Bar-Ilan University
Barry W. Ickes, Pennsylvania State University
Michael Keane, University of Minnesota
Charles Kolstad, University of California, Santa Barbara
Ken Kuttner, Federal Reserve Bureau of Chicago
James Leitzel, University of Chicago
Nissan Liviatan, Hebrew University of Jerusalem
Jan Magnus, Tilburg University
Alastair McAuley, University of Essex
Gur Ofer, Hebrew University of Jerusalem
Ben Polack, Yale University
Don Patinkin, The Hebrew University
Leonid Polishchuk, University of Maryland at
College Park
Geert Ridder, The Free University of
Amsterdam
Suzanne Scotchmer, University of California,
Berkeley
Avner Shaked, University of Bonn
Judith Shapiro,
Tony Shorocks, WIDER, Helsinki
Moshe Syrquin, University of Miami
Giovanni Urga, City University Business School
Dudley Wallace, Duke University
Amos Witstum, Gildhall College, London
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STUDENTS
ES started with classes of about 50 students and 32 graduates and by 2001 it admitted the first class
of size 80 and had 52 graduates. NES aims to admit classes of 100 students. Admission is on a competitive basis of candidates with a minimum of four years university education in any discipline.
There are entrance exams in English, Mathematics and Economics, for which NES provides preparatory
courses to potential applicants in Moscow and in a number of regional cities.
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Tuition, Students Loans and Cost Recovery
raduate schools in economics depend financially on grants and endowment funds and cover only a small
share of their budgets through tuition and other cost recovery activities. In recognition of the need to
recover part of its costs NES recently instituted tuition fees increasing gradually up to $4000 a year in
2003/4 that is applied to up to 70 percent of the students. About one third of the students will continue to enjoy a
full fellowship, based on merit. In order to ease the tuition burden for students, NES pioneered a Student Loan
Scheme available to all, repayable over a ten-year period, in small monthly installments and subsidized interest rate,
during the period of employment. At the steady state the fund will disperse about half a million dollars a year and
will eventually provide about one third of NES' financial needs.
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Professors evaluate the students
On my long teaching experience at the Hebrew University and at top
American Universities I cannot recall enjoying teaching more than at
NES. The students usually have a degree in mathematics or in other field
of the science, which facilitates teaching the advanced courses. The
teaching assistants are on a high level, which you usually do not
encounter in other universities.
Professor Nissan Liviatan, Hebrew University
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Applicants and students of NES
1992—2002
Former student write about NES
"I think the greatest impression is the atmosphere at the school, the students
and the staff. Of course the level of economics taught was great - I didn't
have to study much in my first year PhD because I already knew it all"
"It is Hard to describe but to me NES was a place I wanted to go to in the
morning and didn't want to leave in the evening."
"The kind of support that NES students have for their studies and research
(financial, computer, library, placement) I think is unmatched even when
compared to the US schools (given what I have seen)".
" ...the respect that all the students enjoy regardless of their grades. Respect
by peers, faculty and staff. This is incredibly important. I felt very welcomed
to the school every day."
Galina Hale (Borisova), class of 1996.
"I did not know at that time what modern Economics is about, although
have heard that the quality of education is very good. But, the main reason
I have applied to NES, is that, as I was told, NES has a unique, unbelievably
good atmosphere, where students, faculty, and staff communicate with
pleasure"
"The atmosphere exceeded my expectations. The whole environment at NES
is much more open and friendly"
Sergey Izmalkov, class of 1997.
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class of 1994
class of 2002
GRADUATES
ost of NES' top students not going for Ph. D. studies abroad were recruited for job positions in
Russia during their second year of studies at NES and before graduation. Recruiters from public
organizations and private companies are coming to NES to offer jobs and to interview candidates.
Nearly 200 graduates have entered the work force and are already contributing to the Russian economic
reforms. They work as teachers in universities, and as economists and analysts in the public and private sectors in Russia (see a selected list of employers below). Including among them are about 45 graduates who
came back from periods of study abroad, special courses, master degrees and PhD programs.
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NES is proud with the appointment of Arkady Dvorkovich, a graduate of the first class of NES to the position of Deputy Minister of Economics and Trade and a leading participant in the process of reform and
transition in Russia.
SELECTED EMPLOYERS OF NES GRADUATES IN RUSSIA
Government and public sector
Russian Ministry of Economics and Trade
Economic Expert Group, Russian Ministry of
Finance
Central Bank of Russia
Center for Economic and Financial Research
(CEFiR)
Russian-European Center For Economic Policy
(RECEP), Moscow
Center for Fiscal Policy
Independent Institute for Social Policy
Urban Institute
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CEMI, Russian Academy of Sciences
Russian Academy of Sciences
Barrents Group
International Monetary Fund, Moscow
World Bank, Moscow
Eurasia Foundation, Moscow
NES
Moscow State University
Higher School of Economics
Moscow Institute for Physics and Technology
Kirov University
class of 1995
class of 1996
Private sector
class of 1997
Accenture (formerly Anderson Consulting)
ACNielsen
Boston Consulting Group
Deutsche Equity Derivatives
Ernst & Young
European Mergers & Acquisitions
Jones Lang LaSalle
KMPG
NIKOIL Investment Banking Group
ORION Capital Advisers
PAC Consulting
Pioneer Investment
PriceWaterhouseCoopers
RosBusiness Consulting
Troika Dialog
YUKOS
ALFA Bank
Credit Suisse First Boston
GazPromBank
ING Barrings Multiple National Investment Bank
Kuznetsky Most
MetalInvestBank
Raiffeisen Bank
European Mergers & Acquisitions
class of 1998
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he quality of education of NES is also evident in the success of its graduates, about 140 among them
obtaining admission and full fellowships for doctorate training in more than 50 top economics
departments in the United States, Europe, and Australia, such as MIT, Harvard, Chicago, Berkeley, LSE
and many others (See Table below). So far more than 30 graduates obtained doctoral degrees in the West and
at present nearly 100 graduates are pursuing Ph.D. studies abroad. The high level of the graduates also
became evident when some of them were offered tenure track positions in leading schools in the West, such
as MIT (both economics and Sloan), Columbia, Yale, Indiana, Emory, and LSE, and job offers from the World
Bank and the IMF, as well as from the private sector. NES is hoping that when more opportunities for university positions and other high-level jobs are offered in Russia, more graduates will come back. Those who will
stay will continue to support NES and will strengthen the link between the Russian and global community.
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UNIVERSITIES WHERE NES GRADUATES ARE PURSUING THEIR PHDS
USA
EUROPE
Boston University
University of North Carolina
Chapel Hill
Cambridge University, UK
Carnegie Mellon University
Northwestern University
De Montford University, UK
University of Chicago
Pennsylvania State University University of Geneva, Switzerland
Chicago Graduate School
of Business
University of Rochester
FAME (Financial Asset Management
Engineering), Switzerland
Columbia Business School
Rutgers University
Universite Libre de Bruxelles, Belgium
Cornell University
Stanford Business School
London Business School, UK
Duke University
University of Maryland
Midi Pyrenees School of Economics
(MPSE), France
Harvard University
University of Michigan,
Ann Arbor
IESE Business School, Spain
Indiana University,
Bloomington
University of Southern
California
Stockholm School of Economics,
Sweden
Johns Hopkins University
University of Virginia
Tilburg University, Netherlands
Kellog Business School,
Northwestern University
University of Washington
(St Louis)
AUSTRALIA
Massachussets Institute
of Technology
Wharton Business School,
University of Pennsylvania
Australian National University
University of Minnesota
University of WisconsinMadison
CANADA
Yale University
University of British Columbia
University of Toronto
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class of 2001
ALUMNI
ES is young and so are also its alumni, more than 300 of them.
Immediately when the first graduates emerged with diplomas
the alumni association was formed. Many of NES' alumni are
dedicated to assisting NES, in a variety of ways: they offer courses at
NES, participate in research and in its outreach activities, they provide
special training for students and help in placing them for Ph. D. studies abroad and in promising jobs in Russia, and in public relations.
They actively participate in the life and social activities at NES and
thereby also derive from NES a strong feeling of belonging and solidarity, of a second home. In preparations for the 10th anniversary of
NES the alumni association, both in Russia and abroad initiated the
first fundraising drive for an endowment fund for NES.
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To learn more about the New
Economic School one has only to
look at the placement of its graduates in Ph.D. programs.
Stanley Fisher, former First Deputy
Managing Director, IMF
class of 2002
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LIBRARY
he NES Library houses the largest collection of modern economics literature in Russia. It includes a wide selection of some
50 leading international economics journals, the world's most
current economics texts, about 7000 volumes, course textbooks and
up-to-date electronic research databases and a computer-equipped
reading room. The library at
NES is a valuable resource
for economics researchers,
faculty, graduate students,
alumni of NES, for economists from other Russian
educational and research
institutes,
professional
economists in the public
and private sectors, and visiting scholars from abroad.
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"NES now has the best modern economics library in
the Russian Federation, and it is open to the public.
The NES data center is one of the best in Russia".
Eric Berglof, Stockholm Institute of Transition
Economics, Stockholm School of Economics, Reversing
the Brain Drain in Transition Economies, in "TRANSITION", May-June-July 2000
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COMPUTER TECHNOLOGIES
omputer facilities at NES include Windows 2000 and
Unix servers, 2 PC labs containing state-of-the-art computers and additional PCs throughout the building linked
through a powerful local network. NES supports most major
programming languages and the statistical software required for
modern economics research.
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GOVERNANCE
ormally, NES is an independent Russian high educational non-government institution. In essence it is a
joint Russian-Western partnership directed and managed by its faculty and staff together with the
members of the International Advisory Board (IAB) made of leading professors of economics from a
number of Western countries and Russia (See list of members below). The IAB makes all major academic
decisions and overseers the academic activities at NES. It is also responsible, through an academic appointment committee (AAC) for all academic appointments and promotions. As the resident faculty expands in
number and grows in seniority it will assume an expanding role in both academic and management matters,
taking over from the founding fathers in both Russia and the IAB
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The International Advisory Board
Beth Allen, University of Minnesota
Erik Berglof, SITE, Stockholm School of Economics
Olivier Blanchard, Massachusetts Institute of Technology
Saul Estrin, London Business School
Bronwyn Hall, Berkeley, University of California
Barry W. Ickes, Pennsylvania State University
Jan Magnus, Tilburg University
Valery Makarov, CEMI and NES
Gur Ofer, Hebrew University of Jerusalem, coordinator
Victor Polterovich, CEMI and NES
Gerard Roland, Berkeley, University of California
Former members
Anthony Atkinson, Oxford University
Michael Bruno, The Hebrew University of Jerusalem
Roman Frydman, New York University and the Central European University
Zvi Griliches, Harvard University
Sergiu Hart, The Hebrew University of Jerusalem
Andreu Mas-Colell, University Pompeu Fabra, Barcelona
Zvi Griliches of Harvard University was a member of the IAB of NES even before it was formally established,
its most dedicated member until his death at the age of 68 in 1999. His enthusiasm, vision, leadership, power
of persuasion and creativity matched only his readiness to devote unlimited time to matters of NES in
Moscow and abroad. He helped to enlist the first groups of visiting professors to NES and to admit graduates
of NES to Harvard and other universities. He served as a visiting professor and spent a full module at NES. NES
established in his name an annual series of "Zvi Griliches distinguished lectures". The first two laureates of
the series were Olivier Blanchard (2001) and Ariel Pakes (2002).
Michael Bruno of the Hebrew University in Jerusalem and a former vice president and chief economist of
the World Bank was a member of the IAB of NES from the start and one of the founding fathers of NES.
Michael Bruno passed away in 1996 at the age of 64. Michael Bruno contributed much to the creation of the
initial curriculum and to the formation of the regulatory framework and mode of operation of NES. Michael
Bruno served as a one- man visiting committee to NES during his visits and long discussion with students,
and helped to improve its operation and teaching process.
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The Russian Advisory Board
Recently NES added to its governance structure a Russian Advisory Board (RAB) made of members of what
may be called the Russian transition leadership. Chaired by Maxim Boycko, the RAB discusses all NES matters
but concentrates especially on the strengthening the links between NES and the Russian economic and
political establishments and society and on the increase of NES' involvement in the Russian economy its
public relations and visibility. It helps NES to raise funds in Russia.
Peter Aven, President, AlfaBank
Sergei Aleksashenko, Deputy Director, InterRoss Holding Company
Maxim Boycko, Director, Video International Group
Mikhail Dmitriev, First Deputy Minister, Ministry of Economic Development and Trade of the
Russian Federation
Arkady Dvorkovich, Deputy Minister, Ministry of Economic Development and Trade of the Russian
Federation
Yegor Gaidar, Director, Institute for the Economy in Transition
Andrei Illarionov, Economic adviser to the President of Russia
Murad Sargsyan, Director, Restoration-Construction Building Concern "LUSINE"
Yakov Urinson, Deputy Chief Executive Officer, Russian Joint Stock Company "Unified Energy
System of Russia" (RAO UES)
Ruben Vardanyan, President, Troika Dialog and Rosgosstrakh
Sergei Vasiliev, Member of the Council of Federation of the Russia
Andrei Vavilov, Director, Institute for Financial Analysis
Sergei Vorobiev, Managing Partner, Ward Howell International
Oleg Vyugin, Deputy governor, The Central Bank of Russia
Aleksandre Zakharov, Director, Moscow Interbank Stock Exchange (MICEX)
28
AMERICAN FRIENDS OF NES
merican Friends of NES is a tax-exempt, non-profit, American corporation [501(c)(3)]. AFNES was founded in
1996 in order to operate as a fund-raising and a supportive public relation organization of NES, the springboard
of NES' efforts to raise funds in the West. Through AFNES, efforts are currently being made to gain financial support from public and private foundations and wealthy individuals in the West in order to develop an endowment fund
for NES.
A
NES gratefully acknowledges financial support from the following sources
(received as of 2002)
In the West
HESP, The Soros Foundations
The Eurasia Foundation
The Ford Foundation
John D. and Catherine T. MacArthur Foundation
The World Bank
USIA
Open Society Institute, Moscow
Open Society Institute, Hungary
Citibank/Citicorp, N.A.
And In Russia
National Training Foundation
Institute of Financial Studies
Rao UES
Construction Concern Lusine
Troika Dialog
Mr. Petr Aven of Alfa Bank
NES also recovers part of its costs through the newly instituted tuition and student loan fund (see above) and
through fees charged for preparatory courses, outreach workshops and executive education activities, and research
contracts.
29
HOUSE OF ECONOMICS
T
he Center for economic and financial research (CEFIR) is the largest employer of NES graduates in
Moscow, including a number of returning Ph. Ds. It is, a think-tank working mostly on policy related
research on issues of transition and the Russian economy. NES and CEFIR have a number of joint appointments, members of CEFIR teach and supervise students’ research at NES, they cooperate in a number of joint
research projects, and run together a weekly faculty research seminar and a weekly “Public seminar”.
The Moscow arm of the Economic Education and Research Consortium (EERC) initiates research on the
economics of transition and Russia by domestic scholars (across the CIS) and provides them with high-level
supervision, training and resources. NES students, graduates and faculty won a number of research grants from
EERC, but as NES faculty developed, more and more among its members, as well as NES graduates working
abroad, were invited by EERC to provide evaluation of research proposals, training and supervision. NES and EERC
also join forces in the organization of training workshops and outreach activities.
CEFIR, EERC and NES are now located in the same building and share a number of board members, logistical services and academic resources. Joining together in a formal “House of Economics” is a straightforward conclusion.
Such a “House” will be able to steam-line and economize on governance, fundraising, management and administration, on the provision of logistic and academic services (library, databases, information networks, seminars and
conferences, exchanges) and to rationalize the division of labor among the main activities, teaching, research,
policy work and consulting, and outreach. The three institutions share a joint vision of bringing modern economics to Russia through a Russian-Western partnership. Joining forces will agglomerate and enhance the impact and
the visibility of the unified institution and its mission.
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Table of Contents
NES AT ITS 10TH ANNIVERSARY STATION
3
MASTER OF ARTS IN ECONOMICS
6
RESEARCH CENTRER
11
OUTREACH CENTER
13
EXECUTIVE EDUCATION
13
FACULTY
14
VISITING PROFESSORS
16
STUDENTS
18
GRADUATES
20
ALUMNI
23
LIBRARY
24
COMPUTER TECHNOLOGIES
26
GOVERNANCE
27
AMERICAN FRIENDS OF NES
29
HOUSE OF ECONOMICS
30
31
CONTACT DETAILS
Postal Address:
The New Economic School
Nakhimovsky Prospect 47
Suite 1721
Moscow 117418, Russia
Telephone: (+7-095) 129-3722
(+7-095) 129-3911
Fax:
(+7-095) 129-3911
(+7-095) 129-3722
E-mail: [email protected]
Web site: http://www.nes.ru
Rector Valery Makarov
[email protected]
Admission enquiries:
Zarema Kassabieva, Dean of Students
[email protected]
Evgenia Nikolaeva, Academic Administrator
[email protected]
Funding and sponsorship inquiries:
Professor Sergey Guriev, vice rector for strategic development
[email protected]
Professor Gur Ofer, Coordinator of the International Advisory Board
[email protected]
Professor Barry Ickes, President and Treasurer, American Friends of NES
[email protected]
32