CONTENTS CONTENTS NES Mission.................................................................................................................................3 Rector’s Message.......................................................................................................................4 Events...........................................................................................................................................6 Main Events of the Year.............................................................................................6 Conferences.................................................................................................................10 Public Seminars.........................................................................................................13 Education...................................................................................................................................14 NES Commencement Ceremony............................................................................14 Master of Arts in Economics...................................................................................15 Masters in Finance.................................................................................................................................16 Undergraduate Program..........................................................................................17 Students’ Life..............................................................................................................18 Career Development Center...................................................................................20 NES Alumni..................................................................................................................22 Research.....................................................................................................................................24 NES Faculty.................................................................................................................24 Selected Academic Publications...........................................................................25 Projects......................................................................................................................................27 Applied Research and Outreach............................................................................27 About the School.....................................................................................................................30 Governance..................................................................................................................30 Sources of Funding....................................................................................................31 NES: Facts & Figures................................................................................................33 2 NES MISSION NES MISSION The mission of the New Economic School is to benefit Russia’s private and public sectors through excellence in economics education and research. NES is committed to building a sustainable economics community that should prominently represent Russia in the global economics profession: - NES trains new academic economists for Russia; - NES produces globally competitive economics research; - NES brings back foreign-trained Russian economists to work in Russia. NES contributes to improving Russia’s public policy through both graduate training in economic policy and applied research at its Center for Economic and Financial Research. NES trains economics and finance professionals for Russia’s private sector. NES also provides Russian and international businesses with research, executive education, and consulting. NES aims to become a model for other institutions of developing and transition countries in building centers of excellence in economics. Through its outreach activities, NES also disseminates modern economics knowledge to other universities in Russia, the CIS, and other emerging markets. 3 RECTOR’S MESSAGE RECTOR’S MESSAGE Dear friends, The New Economic School is special, not only because we have something new every year, but also because we do our best to fulfill our plans. Without a good strategy and without its execution, any mission will remain just a dream. This year, it is time to look back at what we have achieved in the last five years and compare the results with the NES Strategic Plan 2005-2010. Reviewing the plan adopted by the Board of Directors five years ago, we can only be proud to confirm that most objectives – however very ambitious – have been achieved. We Sergei Guriev, Rector, Professor of Economics have delivered on our most challenging targets, set five years ago, including faculty hiring, promoting undergraduate program in social sciences in terms NES in the international academic profession (and of quality of teachers, level of students, degree of in the international research rankings), increasing internationalization, in terms of development of the impact of NES on the Russian policy debate critical thinking and communication skills - and all and on policymaking, and in fundraising. We have other skills that modern professionals should be doubled the size of tenured and tenure-track faculty, equipped with. As in other NES programs, we will expanded the admission to the Master of Arts in keep the quality standards high from the very start, Economics Program and launched the Masters in which means that the first intakes for this program Finance Program (while about a half of Russian will be small. MBA programs have closed down due to the crisis). Our presence in the Russian mass media has been Launching new programs does not mean doubling every year over the past five years. In the reducing our commitment to the plans for improving first ranking of economics departments published our existing programs. In September 2010, the fifth in 2010 by the SSRN (Social Science Research class started their studies at the Masters in Finance Network), NES was rated as one of the top 100 Program. This year we have decided to shift the economics departments in the world – and a top beginning of the MiF academic year from January to three department outside OECD. September, concurrent with the MAE Program. This is an indicator of the Program’s maturity. Masters in Unfortunately, we have failed to deliver on one Finance is no longer a separate project, but an equal very important strategic priority – to acquire our part of the School’s life. own building. Every year getting a new home for NES seemed within reach. Not longer than a year In 2010, we have also had major changes in ago I was confident that we would hold the 2010 the leadership of the School. One of the NES Commencement Ceremony in our new building. It founders, the first Vice-Rector and the Chairman of didn’t happen. But our failures are also important the Academic Council, Victor Polterovich, decided and useful as inputs for the new five-year strategic to retire. He will remain at NES as a professor plan that is being developed now. emeritus. To mark his contribution to the creation and development of NES, the School will host an In the coming five years, NES will face new international conference in his honor in Spring 2011. challenges. We have decided to launch the Undergraduate Program in September 2011. The A new generation of professors is coming to program is a joint project with our long-term replace the founders of NES – including their own partner – the Higher School of Economics – as a students. The best proof of the NES maturity is part of creating the National Research University the fact that its graduates have begun to take key Higher School of Economics. We will do our positions in the School. Sergei Izmalkov (NES’97) best for this Program to become the leading was elected the Chairman of the Academic Council 4 RECTOR’S MESSAGE while Konstantin Sonin (NES’98) was appointed Andrei Markevich is not the only NES professor Acting Vice-Rector. Upon graduation from NES, conducting interdisciplinary research. Last year, NES Sergei Izmalkov received his PhD at Pennsylvania professors published several articles in political State University and taught at MIT. Konstantin Sonin science journals such as American Political Science was a Postdoctoral Fellow at Harvard, a member Review and American Journal of Political Science. at the Institute for Advanced Studies in Princeton The NES faculty also pursues other interdisciplinary and a visiting professor at the Kellogg School of studies – in the fields of demography and health, Management. Last year, the NES International environmental protection and energy efficiency, Advisory Board unanimously voted to promote education policy and innovation in Russian Grigory Kosenok to the position of tenured professor companies. at NES. Grigory graduated from NES, worked in the Economic Expert Group at the Ministry of Finance, This Annual Report will take you through received his PhD at the University of Wisconsin- these and many other exciting events and Madison and came back to work at NES as a accomplishments at NES. professor. He has published a number of papers on industrial organization and econometrics in the Thank you for your interest in the life of the New leading international journals, including American Economic School! Economic Review. The other addition to the faculty is Shlomo Weber (Southern Methodist University) Sergei Guriev who has agreed to become a PINE Foundation Visiting Professor