History of the Ukrainian Economy from 1991 onwards

Description

Since the tragic dawn of February 24, 2022, the whole civilized world stands with Ukraine in remarkable support for freedom and democracy. In this course we will look at the economic history of Ukraine from 1991, trying to understand the economic foundations of incredible Ukrainian resilience. After completing this course, you will be familiar with key facts and data sources about Ukrainian economic history which will help you to better understand the news, current developments, and prospects of Ukraine after its victory.

Although the history of Ukraine as a state starts at least from the late 10th century, this course focuses on the modern period when Ukraine regained its independence back in 1991. These 30 years have not been easy for many citizens of Ukraine - collapse of the planned economy in the 1990s led to high inflation and unemployment which, in turn, provoked unprecedented levels of poverty. Things started to improve in the 2000s with a quick reduction in poverty rates and income growth which continued until 2014.

We will consider traditional metrics of development such as GDP per capita, poverty rates, income inequality, unemployment, and inflation as well as sources of economic growth in dashboards of indicators. We will compare Ukraine to neighboring Poland and also to the United States to better understand its relative performance. Finally, we will estimate the economic damage to Ukraine that was brought about by the unprovoked and brutal aggression.

The participants of the course will benefit from a unique perspective of the instructor who spent his entire professional career in Ukraine after receiving PhD in Economics in the USA in 2010.

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