This tour will familiarize students with current Russian business and finance practices and their development following the fall of the Soviet Union in 1991. We will study the privatization of Soviet assets from 1991- 1995, the collapse of the ruble and the economy in 1998, and the rise of Vladimir Putin in 2000 all of which heavily influence the way Russian business and finance are practiced today. This will be followed by visits to government ministries, investment banking, accounting and law firms, formerly state owned enterprises now in private hands and entrepreneurs trying to succeed in the new Russia. We will also take time to visit the sites that have made Moscow and St Petersburg famous including the Kremlin and Red Square in Moscow and the Hermitage Museum and the various palaces in and around St Petersburg.
All of this will take place from June 11 to July 7. We will fly to Russia on June 26.

Churchill once said that Russia “is a riddle wrapped in a mystery inside an enigma.” He was expressing a view that has been held by Westerners for centuries. Join us if you can. Perhaps you can begin to solve the mystery.

Summer Courses

ECON 594: Evaluation of current business practice and strategic opportunity in Russia

This course studies the evolution of the government business relationship after 1993 and the popular reaction to the capitalist experiment. The course attempts to address the following questions: Why did the experiment in capitalism evolve the way that it did? How did it result in the Russia that confronts the world today? How and why do its business practices differ from those of Western Europe and the US?

FINC 594: The development of Russian financial markets since 1991

This course focuses on the development of the financial markets of Russia after the privatization movement in early 1990s. We also analyze the forces that led to the government’s decision to devalue the ruble and default on its sovereign obligations in 1998. This will include a discussion of the 1998 financial crisis and the effect of the devaluation/default on the society at large. Finally, we discuss the evolution of capital markets in Russia.

Cost

$4,200 + tuition

Contact

Tom Kelley
Tel: 206-799-7329
Email: tjkelley@seattleu.edu

Bonnie Buchanan
Tel: 206-296-5977
Email: buchanab@seattleu.edu

AACSB Accredited | Albers is accredited by AACSB International - The Association to Advance Collegiate Schools of Business. As of April 2011, less than five percent of the world’s business schools and less than one third of U.S. business schools have achieved business accreditation from AACSB.

Seattle University Links

Albers School of
Business and Economics
901 12th Avenue
P.O. Box 222000
Seattle, WA 98122
(206) 296-5700
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