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  • 1. EXCELLENCEIN ECONOMICSEDUCATIONAND RESEARCHIN RUSSIA
  • 2. TENURE-TRACK AND TENURED RESEARCH CENTERS FACULTY 30 3 STUDENTS 2012 ALUMNI 2012 188 1028 MAE MAE 118 103 BAE MiF 68 374 1131 MAE - Master of Arts in Economics MiF BAE - Bachelor of Arts in Economics MiF - Masters in FinanceRANKINGSSSRN (Social Science Research Network) NES is ranked the best economics institution NES’s think tank CEFIR (Centre for Economicranks NES among the top 100 economics in the former communist countries in the and Financial Research) is ranked a top 20departments in the world and the top research ranking by RePEc (Research Papers economic think tank in the world by RePEc.economics department outside the OECD. in Economics) and is in the top 150 best economics departments in the world. TOTAL NUMBER OF STUDENTS TOTAL NUMBER OF ALUMNI statistics 1
  • 3. 45Mission 613 1417 History GovernanceDear friends! TABLE OF CONTENTSThe New Economic School opened its doors for is first52 students just 20 years ago, in September 1992. Overthe last 20 years NES has grown into a mature universitywith more than 30 resident economics faculty hired inthe international academic market and 374 studentsenrolled in the masters’ and undergraduate programs. 1825 Education 2633 FacultyWe have more than a thousand alumni that have becomeleaders of their generation in the international academicprofession, government, international organizationand Russian and international business. Our executiveeducation program (run together with INSEAD busi- 3441 4245 46 51ness school) includes 554 participants. Today, NES is still Sergei Gurievgrowing and developing, as it has been during every yearof its twenty-year history. In 2012, we have recruited Rector of the Newfive more economics faculty, and the first undergradu- Economic Schoolate students completed their first year. I am confidentthat in twenty years another Rector will write about theiroutstanding achievements. Research Projects Alumni 5255 5659 Career development Fundraising and development 60 63 NES community
  • 4. 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 1 NES produces 2 NES brings back 3MISSIONacademic economists globally competitive foreign-trained Russianfor Russia economics research economists to work in Russia VALUES PROFESSIONALISM RESPONSIBILITY MUTUAL RESPECT INTEGRITYNES contributes to improving Russia’s public policy through both graduate training in economic policy and applied research at its Centerfor 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. Throughits outreach activities, NES also disseminates modern economics knowledge to other universities in Russia, the CIS, and other emerging markets.
  • 5. Arkady Sergei Maxim Dvorkovich Guriev Boycko George Victor Valery Soros Polterovich Makarov Vladimir Stanley Putin Zvi Gur Fischer Griliches OferH I S T O R Y 2012 Don Ilya Strebulaev Zarema Kasabieva Barack Obama Erik Konstantin Sonin Patinkin Berglof VladimirMikhail PreobrazhenskyDmitriev Peter Barry Aven Ickes Herman Gref
  • 6. NES Rector Valery Makarov opens the first In 1992, when Russia faced dramatic challenges of transition of Russian economists contributing to the dissemination of Advisory Board (IAB), which included leading economists from in 2002 there were 80 first-year MAE students, today there are Arts in Economics); 63 students were enrolled in the first year.1992 academic year. NES admits the first class to market economy, leading Russian and foreign economists the modern economics through teaching and research. Most the US, Europe and Israel, developed the School’s academic 108 people. In 2007 we launched the Masters in Finance Today NES has 374 students and 30 resident faculty. of 52 students. The Academic Council teamed up to create a graduate school of modern economics. of the alumni were expected to contribute to the development curriculum and business plan, and in 1992 the New Economic program, which enrolls 30-35 students annually. In 2011 we, The School has entered its third decade with confidence, is established. The International Advisory The graduates were to get their PhDs in the leading Western of the emerging Russian market economy through policy School (NES) opened its doors for the students. In 1992, 52 together with our long-term partner, Higher School of Economics, hopes, and new plans – by 2020 to bring the number of stu- Board led by Gur Ofer begins to operate universities and come back to Russia to teach new generations making and through working in the private sector. International students joined the Master of Arts in Economics (MAE) program, opened a new Undergraduate Program (HSE-NES Bachelor of dents to 1,000, to grow its core faculty to 55 professors, to further develop and raise quality of research and academic programs. American Friends of NES (AFNES) established in the US NES celebrates its 10th anniversary. Long-term student loan program with Russian Standard Bank launched. New NES mission and new The permanent faculty reaches 30. Sberbank 500 1996 2005 2002 2012 President Vladimir Putin congratulates the strategic plan approved program graduates its first class. The number of MiF 1994 The first 32 graduates School on the 10 years of success graduates reaches 100. leave NES. NES Alumni Association established 2000 2007 Soros Foundation Center for Economic 1997 2003 Master of Arts in Economics Masters in Finance (MiF) program launched. 33 MiF students enrolled. MiF Advisory Board founded. committed to provide and Financial Research NES Russian Advisory Board was transformed into the Board of Trustees of the NES Endowment long-term support (CEFIR) established (MAE) program’s entering class expands to more Foundation to NES than 80 students 1992 2012 NES governance structure NES Research Center The first NES graduates returned reshaped: Valery MAE program 1995 1999 established through to Russia after completing their PhDs Makarov elected as receives state accreditation. The 44th President of the The number of NES graduates reaches 1000. HSE-NES Bachelor of Arts a grant from Ford to teach and do research at NES President of NES. Sergei The first capital United States of America in Economics (BAE) program launched. 63 BAE students enrolled. New Strategic Foundation Guriev appointed the grant received Barack Obama delivers Plan approved. Jointly with INSEAD and Sberbank, NES launches a large scale second Rector of the 2006 2009 from McArthur the Commencement executive education program “Sberbank 500”. NES opens the Center for the New School. NES Board of Address at NES. Media and Society funded by the Open Society Institute and McArthur Foundation. 2011 Directors created to Foundation to 2004 start the School’s NES Alumni Relations NES launches the Center for Demographic Research funded by the Dynasty become the ultimate endowment Center established Foundation. The NES Writing and Communication Center established governance body. The The second cohort of 50 students NES Outreach Center opened with number of resident enrolled. Prominent economists support of Soros Foundation and faculty reaches 15 from the US, Europe and Israel come MacArthur Foundation. The new 2008 to teach courses at NES. Academician team – the core of the future Centre for 1998 1993 Victor Polterovich becomes the Economic and Financial Research (CEFIR) – The first 22 students graduate from MiF Chairman of the Academic Council comes to the Russian European Center for program. Career Development Center NES Alumni Fundraising Campaign beings. 2001 Economic Policy (RECEP) created NES recruits students in Novosibirsk NES and HSE create a joint undergraduate and Almaty. NES Russian Advisory Board program. NES Visiting Committee evaluates (RAB) created the quality of research and teaching 2010
  • 7. he became really interested and I introduced him to Gur. models), and «some kind of commercial activity, such 11 Since then Barry fell in love with NES. He plays a crucial role as consultancy for the government and private business.» history in school’s operations by resolving finance issues. By now CES (as the original document already called it) was to Barry has been with us for almost 20 years. There were more be a «private shareholding company» with diverse new people coming and the School was growing steadily stakeholders: CEMI; Moscow State University; Dialog, but surely. At first it was a tiny school, but now it has over a private investment group; an organization representing 1,000 alumni. Nowadays, the School is much larger and the Russian Government (!) that would «give the gradu- more recognizable worldwide. It is even more recognizable ate students an official status»; «a Western university […] outside of Russia than inside Russia. That’s why it is different from which CES can receive money and invite Western from other schools. professors»; and, finally, «individuals […] who make majorValery Makarov investments in CES.» As for the governance of CES, let us Erik Berglof Barry Ickes Sergei Guriev mention only that the entity was «to operate likeDirector of CEMI at the Russian Academy of Science, a nonprofit institution.» As we revisit several additional Chief Economist, EBRD, Coordinator of the NES Inter- Professor of the Pennsylvania State University, NES Rector, Tenured Professor, President of CEFIRPresident of NES, Member of the NES Board elements in this document, we can only be amazed that national Advisory Board, Member of the NES Board President and Treasurer of the American Friends of NES,of Directors much of what happened later, and what NES is at present, of Directors Member of the NES Board of Directors was already captured in the missive’s 400 words. NES is sometimes called «a miracle.» In fact, this is not one miracle, but the whole sequence of miracles, each of which I have been involved in NES for over a decade now. It is like really I was visiting the World Bank and I was would have been impossible without the previous one.When the transition to the market economy began, there And the reason I got involved was that it needed someone having lunch with Professor Gur Ofer and he was telling The first miracle took place at the beginning of the NESwas no classical economics education in Russia. At first we building a research environment in Moscow. I saw the value me about his plan to start the New Economic School with history, when the School managed to attract outstandingwere thinking of creating an econometrics school. that NES provided in terms of people, its young students Valery Makarov who was my frequent tennis partner. I said, visiting faculty including the world’s leading economists.Then I suddenly met my friend Gur Ofer, Professor of the with fantastic training and I wanted to get involved «Valery is my frequent tennis partner and that sounds The second miracle is the best student body in Russia.Hebrew University of Jerusalem. Gur immediately offered and bring that research environment to NES. I think that interesting.» Gur said, «Why don’t you come and teach», Third, these students were later admitted to the best PhDto build a school with all subjects, i.e. a classical school today NES is a fantastic experiment that has succeeded way and I said, «Yes, that would be pretty good.» And well, programs with full scholarship. The fourth miracle, whichof economics. It was a good start. Inviting visiting faculty beyond anyone’s expectation. It is the best environment 19 years later I am still here. It was probably because I Gur Ofer absolutely no one believed in the 1990s, is that thesewas the key. The first professors we invited were Amos outside Western Europe and the United States. And I think spoke too much at lunch and there was a need for micro people would return to Russia to do research and to teach.Witztum from the UK (microeconomics) and Don Patinkin that is why I want to stay involved, be part of it. So many people. So I taught, I think, for the first four years at the Professor of the Hebrew University of Jerusalem, And finally, the fifth miracle is that many of these professors(macroeconomics). Don was a world-wide known econo- Member of the NES International Advisory Board people today have been gratifying because you see that New Economic School every single student. And then staying in Russia manage to work at the forefront of worldmist. They were also excellent teachers, and students every year a new cohort of students is brought up with new gradually, as things developed, taught less and came just science. Each of these achievements was unlikely, and nowloved them. That’s how things started. It was not easy to skills and they are disseminating throughout Russian society, to see how things were going. In terms of the greatest day they look even more impressive as they all did takemake well-known researchers come to teach at the school. Even today, most acts of conception need two partners. through government, business and other universities and in NES history, well for me one great day was the day when place - within only 20 years!In fact, Amos and Don were the starting point for NES. It so happened that at a dinner party in the home of Evsey that is going to change Russia in the long term. Sergei Guriev took over as rector of NES. I think I was onAfter that, we were able to invite other great visitors from Gurvich, an official at the Soviet Ministry of Finance, where the verge of heart attack and Sergei was a great leader.abroad. Among these people was Zvi Griliches who always I recounted my meeting with Soros, Mark Levine (then The last 20 years have been fantastic for the School as He reduced a lot of the work and made my life a whole lotloved Russia. He taught econometrics and some other an economist at the Moscow Institute of Steel and Alloys, it came out of nowhere, created something. Now the better. So for personal reasons that was a pretty good day.courses. The first cohort of NES graduates included people today a professor at the Higher School of Economics, HSE), future is of course to be even more successful, even more But for NES the greatest day was perhaps the day whenwho became very well known later, e.g. Arkady Dvorkov- mentioned that the Academician Valery Makarov, head of integrated into the Russian environment, but of course they installed the water cooler on the 17th floor. I was soich, Ksenia Yudaeva, and Maria Gorban. Smart students the acclaimed Central Economics and Mathematics Institute ultimately also being part of the global discussion where tired of drinking tchai (tea). Tchai, tchai, tchai – that is allwere a point of attraction for other students and faculty. (CEMI), a leading institute of the Academy of Sciences, was Russia needs to be part of, and the New Economic School we had for three or four years and then we actually hadIn its first years the school was mostly supported by enthu- thinking along similar lines. A meeting was arranged offers an environment that can produce ideas that Russia water. I think everything since then NES has been great andsiasm, which persists even today. The start was very good at CEMI and indeed, Makarov handed me a document can articulate in the global debate. continues to get better every year.due to the Western professors who were enthusiasts willing a page and a quarter long, dated September 19, 1991,to do something for Russia.Undoubtedly, Gur Ofer played titled, by sublime coincidence, «CEMI Econometric School.»a leading role in making the school a success. He used to The document, prepared by a group of leading economistsspend days and nights in Russia, despite his family and uni- at CEMI, envisioned a new program of graduate studiesversity duties. Then accidentally we found Barry Ickes. in three directions—«modern economic theory,»I used to play tennis with him. I met him somewhere «econometrics,» and «management»,—the establishmentin the Unites States. When I told him about the School, of a research center (working mostly on macroeconomic
  • 8. 13 historyVladimir Preobrazhensky Vladimir Putin Stanley Fischer Kirill Borusyak Alexey Govryakov Zdenek TurekMember of the NES Board of Directors President of Russia, in his greetings at the 10th Governor, Bank of Israel MAE Class 2012 MiF Class 2012 Citi Country Officer for Russia, Citi Division anniversary of NES, December 2002 Head for Central and Eastern EuropeThe way I came to NES is a fluke. I do not remember all the As is known to everyone associated with NES, the word When Russia is in discourse about everything - education, My decision to come to NES was not only to make a «prof-details, but, if I am not wrong, I was introduced to Sergei Your School has already built a reputation of a university «nes» means«miracle» in Hebrew. And that NES is. health, etc. – people say that here everything is not itable investment» in human capital, but also to leave the Citi and NES have achieved noteworthy results in theGuriev by Sergei Vorobiev from Ward Howell who served that provides modern and high quality economic education. NES is a success story, which the founders, among them made for people. And if anybody in conversation mentions «comfort zone». My investment paid back but resetting my development of financial planning habits and competentat the NES Board of Trustees at the time. After that Maxim NES degree is highly valued both in Russia and abroad. Professor Valery Makarov, the late Professor Zvi Griliches NES, it is, I think, a very rare case, when people don’t talk way of thinking paid back twice. At NES with each serving personal budget management among Russian youthBoycko and Sergei Guriev invited me to the Board of Direc- Hundreds of NES graduates working successfully in different of Harvard, and from Israel, Professor Gur Ofer can justly the same. I feel that this place is made by people and for of new knowledge the world became more and more in many regions of the country through the Financialtors and I happily agreed. I think that the School is amazing; private and public sector organizations brilliantly prove that. be proud of. In Israel we are proud also that the late people. diverse. Earlier I thought I’d be the happiest retiree, Literacy project. My colleagues and I place great value onit is like a new flower with its fresh sense of life. This is what Professor Don Patinkin, the founder of modern Israeli because I did not watch 80% of movies from IMBD top- NES’ efforts and expertise, as they have been crucial to theI feel. Three years later we came up with an idea to create economics, was one of the first teachers at NES. With 250. Now I think the movies will wait, because there success of our joint project, which addresses one of Citi’sa new program - Masters in Finance. We wanted to find a congratulations for what you have achieved in such a short is yet so much to read. main CSR objectives - improving public financial literacyformula that would allow people who reach a certain point time, and with best wishes for continuing success at such and promoting personal financial responsibility amongin life and face new challenges, to find a good platform and a high level in the future. youth throughout the world.tools to be successful. I think we kicked it off well. Certainly,it is too early to judge - the program is only five years old. As we celebrate Citi’s 200th anniversary, we also markOne will judge in ten years how good it is. The 20th an- another anniversary just like NES - 20 years of workingniversary of the School is a big celebration and a joyous year. in Russia, and it is particularly important for us to bring toIt is like the mid-life crisis is still far, but childhood is behind. life projects and initiatives aimed at improving theI would mention four most important things: first, after a wellbeing of Russian citizens and Russian society, wheredecade or so the size of BAE program reaching 500 students we live and work, taking into consideration the fact thatwould be really great. Second, the School needs closer ties our priorities coincide with those of the state.The resultswith the industry. The School has already set up good rela- achieved through our partnership programs with seventions with government agencies, large multinationals and universities and the 10,000 people who have completedregional governments, but I think industry relations should the educational course are proof to us that choosing NESbe strengthened. Third, it will enable the School through the Lyubov Farafonova as a partner was the right decision. I hope that ourindustrial dimension to reach its new unique balance Dmitry Arkhangelsky future cooperation will help further popularize this projectbetween the quality of academic research and its applica- Michael Kunzi throughout Russia and rapidly expand its audience.tion. Fourth, I certainly hope that doctoral level programs MAE Class 2012will become a reality here. In ten years, I think the School Executive Vice-President, Lombard Odierwill be ready to a doctoral level program. And this will be NES is an amazing place. Here students complain to thea cornerstone for becoming a real sustainable university. My son is three years old, and if he becomes good at rector for the fact that the exam was not difficult enoughSchool reproduction is a great thing. I wish the School every mathematics, finance and economics, I want him to study and ask to add a more challenging course on stochasticsuccess. It has goals ahead, the country is changing, and the at NES. I sincerely believe in the highest quality of this processes. Here everyone is willing to help his/her friendSchool will have to change as well. So we will have no time institution, its honesty and professionalism. with studies, but no one cheats at the exam.to get bored.
  • 9. GOVERNANCE
  • 10. Board of Directors International Advisory Board Board of Trustees 17 The Board of Directors, ultimate governing authority International Advisory Board (IAB) consists of the world In 2007, NES established its Endowment Foundation. NES’s of the School, meets quarterly to make strategic leading economists. IAB provides guidance on academic endowment is among the first in Russia and it serves as the governance and operational decisions. The Board approves the mission matters, makes all major academic decisions, and over- source of the long-term financial sustainability of the School. and strategic plan of the School, approves the budget, sees the academic activities at NES. It is also responsible, To effectively oversee the process of building the endow- evaluates the work of top management of the School, through an Academic Appointments Committee, for all ment, and in accordance with the Charter of the Endowment appoints and dismisses the Rector. faculty appointments and promotions. Foundation, the Russian Advisory Board of the New Eco- nomic School made a decision to transform itself into the NES Endowment Foundation Board. This Board makes decisions on the use of the endowment income, facilitates endowment fundraising and assists in creating new partnerships with the Maxim Boycko Russian private sector. Chairman of the Board of Directors, NES Director of CEMI at the Russian Academy of Science, President of NES, Member of the NES Board of Directors NES has a modern and effective governance structure. The main function of the Board of Directors is to help NES management and professors to implement the mission of the School. The Board is a group of people sharing the same ideas, understanding NES strategic goals and always ready to help. These are people with various experience and opportunities, which supplement each other. We feel our- selves responsible for the fulfillment of the School’s mission. Managing Director, Vice-Chairman of the Management Board, RENOVA GroupSergei Professor, Pennsylvania State University; President , American Friends of NES Director of CEMI at the Russian Academy of Science, President of NES Director of CEMI at the Russian Academy of Science, President of NES Member of the Strategic Committee, Board of Directors, RUSNANOGuriev Professor, University of Chicago, Booth School of Business Chairman of the Board of Directors, Alfa Banking Group Chairman of the Management Board, ОАО NOVATEK Deputy Chairman of the Executive Board, RUSNANO Senior Partner, Chairman of the Board, Ward Howell Deputy Prime Minister of the Russian Federation Deputy Prime Minister of the Russian Federation Academic Director, Institute for Financial Studies Chairman of the Board of Directors, MDM Bank Professor, University of California at BerkeleyRector President of the NES Alumni Association Professor, Pennsylvania State UniversityValery Chief Economist, EBRD; Coordinator Erik Berglof Professor, University of Minnesota President, Access Industries, Inc. Professor, University of Chicago Chief Economist, EBRD, Coordinator, Vladimir Preobrazhensky Professor,Princeton University Academician, CEMI and NES Center for Strategic Research Professor, Harvard University Professor, Hebrew University NES International Advisory Board Co-head of Sberbank CIB Professor, Yale University Professor, Yale University Professor, Yale UniversityMakarov Chief Economist, EBRD Arkady Dvorkovich Arkady Dvorkovich Victor Polterovich Leonid Mikhelson NES strives to maintain the highest quality of economics Ruben Vardanian Donald Andrews Mikhail Dmitriev Larry Samuelson Sergey Vorobiev Vladimir Kremer Philippe Aghion Valery Makarov Valery Makarov Valery Makarov Roger Myerson education in Russia and the International Advisory Board Maxim Boycko Maxim Boycko John Cochrane Maxim Gubiev Andrei Vavilov Yakov Urinson Gerard Roland Barry W. Ickes Barry W. Ickes Aleh Tsyvinski Len Blavatnik Avinash Dixit Sergei Guriev Oleg Vyugin plays an important role in it. The members of the Board Erik Berglof Erik Berglof Rector of NES Entrepreneur Peter Aven Beth Allen represent the cream of the cream in the world economics Gur Ofer profession and ensure that the NES academic programs are Chair Chair at the level of the best economics programs in the leadingPresident Western universities.
  • 11. USE passing score for BAE program (2012) 377 out of 400 GRE Subject Test in Mathematics average score for MAE program (2012) 690 out of 990 IELTS (Academic) average score for MAE program (2012) 7,0 out of 9,0 TOEFLibt average score for MAE program (2012) 94,2 out of 120E D U C AT I O N 90 2 4 12 Number of master-classes, guest lectures and public Duration of studies at master Duration of studies at the Number years years seminars in 2011-2012 programs - 5 modules a year, undergraduate program - of traditional academic year 8 weeks each 2 semesters a year, 16 weeks each students parties
  • 12. UNDERGRADUATE MASTERS MASTER OF ARTS DEGREE OF MAE STUDENTS IN FINANCE IN ECONOMICS ACCEPTED IN 2012 PROGRAM PROGRAM The Masters in Finance (MiF) Program is a 2 year part- For a long time NES has been offering one academic time program launched in 2007 and is designed for early- program – Master of Arts in Economics. This two-year full- and mid-career finance professionals. The program focuses time program gives fundamental knowledge in econom-MSUMoscow State University 42% on modern theory and practice of investments and corporate financial policy. The core financial curriculum ics. The mandatory curriculum includes microeconomics, macroeconomics, econometrics, and English. ElectivesHSE (asset pricing, derivatives, corporate finance, M&A, risk cover industrial organization, international trade, finance, Galina Hale (Borisova) Nissan Liviatan 14% management, etc.) are supplemented with courses on economics of public sector, labor economics and other keyNational Research University Higher School of Economics NES’96 Professor, Hebrew University corporate management, macroeconomics, fields of modern economics. The program is designed forMIPTMoscow Institute of Physics and Technology 12% Senior Economist, Federal Reserve Bank of San Francisco and econometrics. the students willing to excel in academia, financial sector, consulting, think tanks and government.NSUNovosibirsk State University 5,5% I think the greatest impression is the atmosphere at the School, the students and the staff. Of course the level of On my long teaching experience at the Hebrew University and at top American universities I cannot recall enjoying The MiF Advisory Board helps to improve the program quality and establish closer connections with the businessSPSU teaching more than at NES. The students usually have community. Currently, the MiF Advisory Board includes 2,8% economics taught was great – I didn’t have to study much a degree in mathematics or in other field of the science, the following members:Saint Petersburg State University in my first year at PhD because I already knew it all! It is which facilitates teaching the advanced courses. TheMEPhIMoscow Engineering Physics Institute 2,8% 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. teaching assistants are on high level, which you usually do not encounter in other universities. Sergei Bazoev, Partner, Ernst & Young Russia. The kind of support that NES students have for their studies Joseph Bakaleinik, Advisor for Chairman of the Governing Board, Renova Management AG.MSTUBauman Moscow State Technical University 2,8% and research (financial, computers, library, placement) I think is unmatched even when compared to the US Elena Ivashentseva, Senior Partner, CFA, BVCP . Anton Karamzin, Deputy Chairman of the Board, Sberbank. schools (given what I have seen).…the respect that all the Michael Kunzi, Vice-President, Lombard Odier. students enjoy regardless of their grades. Respect by peers, Alexander Pertsovsky, ex-CEO of Renaissance Group and Renaissance Capital in Russia. Anna Popova, Deputy Chairman of Russian Government.economics 39% faculty and staff. This is incredibly important. I felt very Vladimir Preobrazhensky, Member of the Strategic Committee, Board of Directors, RUSNANO. welcomed to the school every day.mathematics 37% Ivan Rozinsky, Senior Vice President, JSC VTB Bank. Katya Rudelson, Partner, Egon Zehnder International.physics 17% Alexei Savatyugin, Deputy Minister, Finance Ministry of the Russian Federation. Sergey Sementsov, Head of Strategic Planning Department, BashNeft.engineering and technical 3,7% Elena Titova, President and Chairman of the Executive Board, Morgan Stanley.other 2,8%humanities 0,9% education 21
  • 13. HSE-NES BACHELOR EXECUTIVEOF ARTS EDUCATIONIN ECONOMICS Executive education is one of the new fields of NESPROGRAM development. In 2011 NES, jointly with the INSEAD School of Business, created a unique product for the Igor Kouzin Rair Simonyan Serguei Netessine Herman Gref Russian market – a one-year Russian-language Chairman of MDM Bank, Visiting Professor, NES Ex-Chairman of the Board of Directors, Morgan Stanley Professor, INSEAD President and Chairman, Sberbank of RussiaThe HSE-NES Bachelor of Arts in Economics program executive education program Sberbank-500. Bankis a 4 year undergraduate program launched on September 1, This program was developed for top managers It was with great pleasure that I accepted an offer to teach at Morgan Stanley has been supporting the Masters I am proud that my country has been able to While working on our joint program «Sberbank-500.2011. Our goal is to make this program the best of Sberbank and includes face-to-face sessions, the Masters in Finance Program at the New Economic School. in Finance Program at NES since its establishment. produce and sustain such a strong academic Program for Leaders» NES showed professionalism,in Russia. It already outperforms other economics programs distance learning, and independent study. I believe this is one of the most advanced programs in Russia. We believe that our cooperation with NES is a good institution as the New Economic School. NES competence in solving the tasks and high levelin terms of quality of the students. The program admits 60 I have been teaching at MiF for already 5 years mainly example of how international financial institutions stands out as the only academic organization of skills and knowledge. Sberbank of Russia because of the students – excited, eager for self-develop- can contribute to the development in Russia of those in Russia which successfully reversed the appreciates the responsibility, competencestudents per year. The minimum Unified State Examination ment, fascinating people with rich professional and life disciplines that actually didn’t exist in our country, «brain-drain» and was able to recruit outstanding and high-quality in fulfillment of the tasks setscore of the students is 379 out of 400, and 40 out of 55 experience. I recommend this program as one of the best to the formation of the necessary research and academic Western-educated faculty members. I do hope in front of NES. Sberbank of Russia recommendswinners of the all-Russia School Olympiad in Economics chose both in Russia and abroad. potential, and in the end, - training the human capital that our successful collaboration on delivering NES as a professional, efficient and reliable partner.the HSE-NES BAE Program. that is extremely in demand both in Russia and abroad. Executive Education Programs to Sberbank will continue and expand to other companies in future.The academic program consists of core (required) coursesin Economics, Mathematics and English, a set of specializedelectives in Economics and a wide variety of general electivesin social sciences, humanities and science. Half of the courseload is Economics and Mathematics, and the other half islanguage, humanities and general elective courses. education 23
  • 14. ACADEMICENVIRONMENTNES offers a unique environment of partnership between NES regularly organizes lectures and seminars by the lead- NES provides an opportunity to study and excelstudents, faculty, and administrative staff. The faculty ing scholars and businesspeople. In the recent years, NES for each student despite his or her financial abilities. Barack Obamaregard the students as colleagues. The administration takes hosted talks by Stanley Fischer, Governor of the Bank of NES offers a flexible financial support system forevery effort to make the students’ experience at NES both Israel and ex- First Deputy Managing Director of the Inter- the best students and students with financial President of the United States of America, national Monetary Fund (IMF); John H. Cochrane, Profes- difficulties. Majority of students receives partial in his address at the Kremlin, Moscow, July 7, 2009interesting and enjoyable. sor of Finance at the University of Chicago Booth School or full tuition waivers. Russian Standard Bank offersThe students at NES are our colleagues. Close communica- of Business, and author of the bestselling Asset Pricing special student loans for NES students. The 12-year I was greatly impressed by the studentstion with the faculty (including joint work in a research textbook; Robert F. Engle, 2003 Nobel Prize Winner loan covers the tuition and includes a 2 year of the New Economic School, who are eagerproject in the second year), as well as an opportunity to in Economic Sciences, professor at New York University, grace period. to take advantage of the opportunitiesattend talks by prominent foreign and Russian economists Stern School of Business; Robert J. Shiller, Professor of of the 21st Century.and policymakers, is a very important part of the student Economics at Yale University, the author of Irrationallife at NES. Exuberance and New Financial Order; Eric Maskin, 2007 Nobel Prize Winner in Economic Sciences, Professor at Harvard University; Roger Myerson, 2007 Nobel Prize Winner in Economic Sciences, Professor of Economics at the University of Chicago; Andrei Shleifer, Professor at Harvard University and the most cited economist in the world; Ana- toly Chubais, Chairman of the Executive Board, RUSNANO; Artem Volynets, CEO of EN+ Group; Lloyd Blankfein, CEO and Chairman of Goldman Sachs, Federico Ghizzoni, CEO of Unicredit, and many others. On July 7, 2009, Honorable Barack H. Obama, the 44th President of the United States of America, delivered the Commencement Address at the 16th NES Commencement Ceremony; it was the main public event of his official visit to Russia. education 25
  • 15. VISITING 74FA C U LT Y FACULTY AND LECTURERS 30 TENURED AND TENURE-TRACK FACULTY The core of NES is its resident faculty of 30 young economists with PhDs in economics and finance from the world leading universities, including Harvard, MIT, Columbia, NYU, LBS, Wisconsin-Madison.
  • 16. TENUREDFACULTY Sergei Guriev Ekaterina Zhuravskaya Konstantin Sonin Shlomo Weber Professor of Economics and Rector, New Economic Professor of Economics, NES and Paris School Professor of Economics and Vice-Rector, PINE Foundation Visiting Professor of Economics, NES, School of Economics, PhD, Harvard University New Economic School Professor, Southern Methodist University, Dallas NES’98 PhD Hebrew University of Jerusalem Sergei Guriev graduated with summa cum laude from Ekaterina studied in the Moscow State University the Moscow Institute of Physics and Technology in 1993. and at the New Economic School, she received her Konstantin Sonin received a PhD in Mathematics In 1997–98, he visited the Department of Economics master’s degree from the London School of Economics from the Moscow State University, was a Postdoctoral at MIT; in 2003–04, taught at Princeton University. in 1998 and PhD in Economics from Harvard University Fellow at Harvard in 2000–01, a Visiting MemberStanislav Anatolyev Dr. Guriev has published in the leading international in 1999. She was the sole winner of the Young Economists at the Institute for Advanced Study in Princeton journals, incl. American Economic Review, American Competition of the fifth Nobel Symposium in Econom- in 2004-05, and a Visiting Professor of ManagerialAccess Industries Professor of Economics Economics and Decision Sciences at the Kellogg School Political Science Review, Journal of European Economic ics “The Economics of Transition” in 1999. She was alsoMaster of Arts in Economics Program Director Association, and Journal of Economic Perspectives. selected as a Global Leader for Tomorrow of the World of Management, Northwestern University in 2009-10.at the New Economic SchoolPhD, University of Wisconsin-Madison In 2006, Dr. Guriev was selected a Young Global Leader Economic Forum in Davos in 2001. She received the Best His research interests include political economics, transition by the World Economic Forum (Davos), in 2011, he joined Economist prize by the President of the Russian Academy Grigory Kosenok and development, economic institutions, and economicsNES’95 the WEF’s Global Agenda Council on Europe, in 2012 he of Science in 2002 and 2003 and a Diploma of the Russia’s of media. In 2004, professor Sonin received the Gold Medal RENOVA Foundation Professor of Economics of the Global Development Network. His academic papersStanislav Anatolyev graduated from the Moscow chaired the WEF’s Global Agenda Council on the New National Award for Work in Applied Economics in 2010, PhD, University of Wisconsin-Madison Economic Thinking. In 2009 and 2010, he was included as well as the International Leontief Medal “For Contribu- appeared in leading international journals in economicsInstitute of Physics and Technology (MIPT) NES’95 in the top 100 of the President of Russia’s Cadre Reserve. tion to Economic Reforms” in 2010. She published such as Quarterly Journal of Economics, Review of Eco-in 1992 and from NES in 1995. In 2000 he received Valery Makarov He is a board member of Sberbank, Russia Venture Com- n the American Economic Review, Quarterly Journal nomics Studies, and American Economic Review; politicalhis PhD degree in economics from the University pany, Alfa Strakhovanie, Russian Home Mortgage Lending of Economics, Journal of European Economic Association, Grigory Kosenok graduated from the Moscow Institute science such as American Political Science Review andof Wisconsin-Madison. In 2008 Stanislav was appointed Director of CEMI at the Russian Academy of Science, Agency, and the Dynasty Foundation. He is a member American Economic Journal: Economic Policy, Journal of Physics and Technology in 1992, in 1995 he graduated American Journal of Political Science; and general scientifictenured professor at NES, and became MAE director President of NES, Member of the NES Board of the President of Russia’s Council on Science, of Public Economics, Journal of Economic Perspectives, from NES with MA in Economics. In 1995-1996 Grigory journal such as Proceedings of the National Academy of of Directors in 2010. Professor Anatolyev’s research and teaching Technology and Education, of the Advisory Council American Political Science Review, American Journal worked at the Economic Expert Group at the Ministry Science (PNAS).interests include many topics in econometrics, in particular of the Peterson Institute for International Economics of Political Science, Journal of Law, Economics and Organi- of Finance of the Russian Federation. In 2005 Professor Konstantin’s column on economics and politics appearsnon-standard asymptotic methods and time series model- (Washington, DC) and of the Scientific Council of zation, Journal of Business, American Law and Economics Kosenok received a PhD in economics from the University weekly in Vedomosti, the leading Russian business daily,ing. Stanislav’s works are published in a number BRUEGEL, a Brussels-based economic policy think tank. Review, Economics of Transition, Journal of Economic of Wisconsin-Madison, and in 2010 he was appointed published jointly by WSJ and FT, and fortnightly inof leading economics journals such as Econometrica, He is also a Research Fellow at CEPR (London) Literature, and Journal of Comparative Economics. a tenured professor at NES. Grigory Kosenok has pub- The Moscow Times, the main Russia’s English-languageJournal of Econometrics, Journal of Business & Economic and a Co-Editor of the Economics of Transition (London). Ekaterina is an Associate Editor of the Journal of Public lished in the leading peer-reviewed international journals, newspaper. He is a member of editorial boards of JournalStatistics, Econometric Theory and others. He also Since 2003, he has been running a bi-weekly column Economics and the Journal of Comparative Economics. She including American Economic Review, Journal of Economic of the European Economic Association, Journal of Com-co-authored a book on advanced econometrics. in the leading Russian business daily Vedomosti, since 2006 received the Excellence in Refereeing Award of the Ameri- Theory and Econometric Theory. Professor Kosenok’s parative Economics, and European Journal of PoliticalProfessor Anatolyev has numerous distinctions – a monthly column in Forbes Russia. can Economic Review in 2011. research interests include theoretical and empirical Economy, and advisory boards of BOFIT and Kiev Schoolin teaching: several MAE graduating classes have industrial organization. of Economics. given him the title of the Best Professor for a numberof years, while the NES Alumni Association hasawarded him the “Professor of the Year” award twice. faculty 29
  • 17. TENURE-TRACKFACULTY Andrey Donets President of Global Packaging, Alcoa RussiaEfthymios Athanasiou Sergei Izmalkov Andrei Markevich Oleg Shibanov Starting from 2008 the New Economic School has beenAssistant Professor of Economics BP Associate Professor of Economics Assistant Professor of Economics Assistant Professor of Finance a partner of Alcoa Russia and Alcoa Foundation. We havePhD, Center for Operations Research and Econometrics PhD, Pennsylvania State University PhD, Russian Academy of Science PhD, London Business School decided to finance the Alcoa Foundation Professorship NES’97 Post-doc in Economics, University of Warwick at NES because of the high level of the School and itsEstelle Dauchy Sergey Stepanov place in the Russian economics education…HavingAssistant Professor of Economics Patrick Kelly Tatiana Mikhailova Human Capital Foundation Assistant Professor of become partners with NES we realized that intellectualPhD, University of Michigan Edward Eisler Assistant Professor of Finance Assistant Professor of Economics Corporate Finance and administrative level of the School will provide the PhD, W.P Carey School of Business at Arizona . PhD, Pennsylvania State University PhD, ECARES, Universite Libre de Bruxelles best use of the Alcoa Foundation funds to benefit RussianIrina Denisova State University NES’97 NES’00 education.Assistant Professor of EconomicsPhD, University of Manchester Igor Kheifets Luke Miner Konstantin Styrin Assistant Professor of Economics Assistant Professor of Economics Renaissance Capital Assistant Professor PhD, University Carlos III of Madrid PhD, London School of Economics of MacroeconomicsPaul Dower NES’04 PhD, Harvard UniversityKinross Assistant Professor Maria Petrova NES’01of Development Economics Stanislav Khrapov UBS Assistant Professor of EconomicsPhD, New York University Assistant Professor of Finance PhD, Harvard University Natalia Volchkova PhD, UNC at Chapel Hill NES’04 ExxonMobil Assistant Professor of Energy EconomicsRuben Enikolopov PhD, CEMI, post-doc, MITNordea Assistant Professor Olga Kuzmina Alexei Savvateev NES’98of Finance Promsvyazbank Assistant Professor of Finance ALCOA Foundation Assistant Professor of EconomicsPhD, Harvard University, PhD, Columbia University, Graduate School of Business PhD, CEMI, post doc, CORE, Catholic University of Louvain Evgeny YakovlevNES’02 NES’97 Assistant Professor of Economics Dmitry Makarov PhD, University of California, BerkeleyOzgur Evren Christopher Barter Assistant Professor of FinanceAssistant Professor of Economics PhD, LBSPhD, New York University NES’00 faculty 31
  • 18. NES REGULARLY HOSTS RESEARCH SEMINARS HELD BY OUTSTANDING ECONOMISTS. AMONG THE PRESENTERS IN THE ACADEMIC YEAR 2011 – 2012 WERE: Gerard Roland Professor of Economics at the University of California, Berkeley, California, Co-director of the Transitional Economies Program of the Economic Policy Research Center (London, Great Britain) and William Davidson Institute Visiting Chair at the University of Michigan Busi- Andrei Shleifer ness School (Ann Arbor, Michigan). He is one of the leading scientists Famous American economist of Russian origin. in the economics of transition. He taught in Princeton, the University of Chicago,Ehud Kalai and Harvard (since 1991). In 1999 he was awarded the John Bates Clark Medal by the American EconomicProfessor at the Kellogg School of Manage-ment, Northwestern University, USA Association. The medal is awarded once in 2 years to the American economists under forty who are adjudged to have made a significant contributionOne of the leading scientists in game theory to economic thought and knowledge. He is oneand mathematical economics, Kalai was a Co-founder of the most cited economists in the world.and the President of the Kellogg Center of Game Theoryand Economic Behavior. Kalai is the Founder and the Nobuhiro Kiyotaki Aleh TsyvinskiEditor-in-Chief of Games and Economic Behavior,the top journal in game theory today. Professor of Economics at Yale University, Professor at Princeton University Co-Director, Macroeconomics Program, Cowles Foundation. One of the most prominent economists, especially known for his works in finance and macroeconomics. He is the He graduated from Belarus State Economic University, author of such basic macroeconomics models as Kiyotaki- got his PhD in Economics from the University Blanchard, Kiyotaki-Bernanke, and Kiyotaki-Moore’s of Minnesota. Before Yale he worked at Harvard models. He is listed as one of the favorites for the Nobel and the University of California, Los Angeles. Prize by Thomson Reuters. Aleh is one of the most prominent researchers in the field of public economy. The World Economic Forum in Davos included him into the list of the Young Global Leaders. faculty 33
  • 19. ZVI GRILICHES MEMORIAL LECTURES since 2001 11ARTICLESIN PEER-REVIEWED MORGANINTERNATIONAL STANLEYJOURNALS LECTURES2011-2012 since 2007 33 7R E S E A R C H RESEARCH SEMINARS 2011-2012 NES RESEARCH CONFERENCES since 1996 31 68
  • 20. RESEARCH CENTER CENTER FOR DEMOGRAPHIC CENTER FOR THE STUDY Advisory Board ACADEMIC 37 FOR ECONOMIC RESEARCH OF NEW MEDIA & SOCIETY PUBLICATIONS researchNES has become a bridge between Russian and global Dr. Ronaldo Lemoseconomic community – inviting foreign professors and re- AND FINANCIAL RESEARCH CEFIR On September 1, 2011, thanks to the generous support The Center for the Study of New Media & Society was Director, FGV Center for Technology NES faculty members represent Russian academicsearchers, carrying out joint research projects, participating and Society (Rio de Janeiro, Brazil) economics profession in the global economic community. of Dmitry Zimin’s Dynasty Foundation NES established founded in the summer of 2011, bringing togetherin international conferences, and sending NES graduates to The Center for Economic and Financial Research (CEFIR) Dr. Sunil Abraham They participate in the key international research confer- a Center for Demographic Research. The main goal economists, political scientists, sociologists and mediathe leading PhD programs abroad. In 2012, 58 NES alumni at NES is an independent economic policy think tank estab- Director, Centre for Internet ences and publish articles in the best international economic of the project is to bring international experience to Russian professionals to pursue an active research agendacontinue their PhD studies abroad. In total, 175 NES alumni lished in Russia in 2000. In order to strengthen institutional and Society (Bangalore, India) journals, including: demographic research. The Center brings together demog- along four core avenues: information reception and civichave got their PhDs; some of them have returned to Russia capacity, better utilize available resources, and enhance Dr. Patrick Meier American Economic Review raphers with a wealth of international research experience behavior, new media sociology and the interaction betweenand most of them work at NES and HSE. Thirty Russian the quality of economics education and policy research Director of Crisis Mapping & Partnerships, Econometrica who regularly publish the research results in international online and offline spheres, new media economics,economists who have got their PhDs from the world lead- in Russia, in 2005 CEFIR and NES formed a strategic alliance. Ushahidi (Nairobi, Kenya); Quarterly Journal of Economics epidemiological and demographical journals. Main focus and e-government and Internet governance.ing universities teach and conduct their research at NES, Thus, remaining legally and formally an independent orga- Dr. Ellen Mickiewicz Review of Economic Studies of the Center is currently on the research of mortality and Projects currently underway include a study of interactionwhile 10 years ago there were only 8 of them, and 20 years nization, CEFIR has functionally become a part of NES. Professor, Sanford School Journal of Finance health in Russia. The Center’s immediate agenda includes between television and Internet newsmedia, the use ofago there were none. The growing number of economists of Public Policy, Duke University Journal of Business research of components and determinants of high mortality online social media in civic mobilization, the influencecoming back to Russia every year helps creating a critical CEFIR’s mission is to improve Russia’s economic and social (Durham, NC, USA) Journal of Financial Economics among working-age population, condition and dynamics of ‘bots’ on the informational space, approachesmass and improving the situation in Russian economics policies by producing cutting-edge academic research Dr. Hu Yong Review of Financial Studies of physical and mental health in middle-aged and older to protecting children online, and others. The Center alsoprofession. NES alumni who continue their academic ca- and policy analysis and by helping policymakers and the Associate Professor, School American Journal of Political Science population groups. Also in 2012 the Center delivered runs an active educational and public discussion program,reers in the best universities abroad help NES and Russia to public to make informed choices. CEFIR researchers use of Journalism and Communication, American Political Science Review a short course on public health for 20 faculty and postgrad- organizing lectures and seminars with leading Russianestablish relations with international academic community. advanced methods of economic analysis and contribute Peking University (Beijing, China) American Economic Journal: Microeconomics uate students from Russia and CIS countries. and international specialists on new media research and to the formulation of Russia’s economic and social policy Mr. Ethan Zuckerman American Economic Journal: Economic Policy methods. The Center’s electronic publications have already by informing policymakers and the public about the costs Director, Civic Media Lab, Journal of European Economic Association reached more than 4,000 readers. and benefits of specific policy actions. Since it was estab- Massachusetts Institute Econometric Theory lished CEFIR has accomplished more than 90 research of Technology (Cambridge, MA, USA) Games and Economic Behavior projects in such areas as: Ms. Esther Dyson Journal of Business and Economic Statistics - Administrative Reform Projects and research CEO, EDVenture (New York, USA) Journal of Comparative Economics - Industrial Organization and Competition Policy Mr. Leonid Boguslavsky Journal of Econometrics - Corporate Governance and Financial Markets - Twitter and the Russian Street: Memes, CEO, ru-Net Ltd (Moscow, Russia) Journal of Economic Growth - Macroeconomic Policy Networks and Mobilization Journal of Economic History - Political Economics and Federalism - Protecting Children Online: International Journal of Economic Perspectives - International Trade and Foreign Investments Experience and Challenges for Russia Journal of Economic Theory - Social Policy and Labor Market - Activists and Hacktivists: Mapping and Understanding Journal of Law, Economics, and Organization - Migration Policy the Evolving Relationship between the ICT Journal of Public Economics - Regional Economics. and NGO Communities in Russia RAND Journal of Economics - Screen vs Screen: Interacton and Contagion between Annales d’Economie et de Statistiques the Internet and Television in Russian Agenda Setting Economic Inquiry - The Navalny Effect: The Impact of the Blogosphere Economics and Politics on the Behavior of Economic Actors in Russia Economics Letters - All About the Bot: Studying the Role of ‘Bots’ Economics of Transition in Runet and Elaborating Methods for Limiting Finance Research Letters their Influence Frontiers in Finance and Economics Journal of Banking and Finance Journal of Economics and Management Strategy Journal of Mathematical Economics Journal of Network Economics The B.E. Journal of Theoretical Economics
  • 21. ZVI GRILICHES MEMORIAL LECTURES 39 researchZvi Griliches 2001 Series of lectures Understanding Movements in Unemployment Olivier Blanchard 2002 Series of lectures Recent Developments in Applied Industrial Organization Ariel Pakes 2003 Series of lectures Justice, Institutions, and Multiple Equilibria. Leadership, Trust, and Constitutions. Bipolar Multicandidate Elections 2005 Lectures The Size of Countries: Economic Integration and Political Disintegration. The Choice of Electoral Rules. 2006 Lectures Oil and the Global Economy. Exchange Rate and Commodity Price Vola- tility and Productivity Growth: The Role of with Corruption. Preferences for Redistribution: Financial Development.Professor, Harvard Universtiy (1969-1999) Class of 1941 Professor of Economics, Mas- Professor of Economics, Harvard University. US versus Europe. sachusetts Institute of Technology; Economic Professor Pakes is a member of the American Counsellor and the Director of Research, Inter- Academy of Sciences, Econometric Society,Zvi Griliches was one of the founders of the New national Monetary Fund, member of the NES and member of the AEA CommitteeEconomic School in Moscow and one of its main International Advisory Board (2001- 2007). on Government Statistics. Roger Myerson Alberto Alesina Kenneth Rogoffacademic architects. Dr. Griliches served as a memberof the International Advisory Board of NES from its incep- is the Glen A. Lloyd Distinguished Service Nathaniel Ropes Professor of Political Econom- Thomas D. Cabot Professor of Public Policytion until his death. During this period, Zvi has often visited Professor Blanchard – Fellow and past Council member He received the Frisch Medal of the Econometric Society Professor of Economics at the University of ics, Harvard University. Professor Alesina and Professor of Economics, Harvard University.NES. He taught econometrics at NES and helped to shape of the Econometric Society, a past Vice President in 1986. Ariel Pakes is known for his research in the field Chicago; member of the NES International is a member of the National Bureau of Economic Professor Rogoff is also on the Economic Advisorythe program in econometrics. Dr. Griliches helped enlist of the American Economic Association (1995-1996), of industrial organization, the economics of technological Advisory Board since 2010. Professor Myerson Research and the Center for Economic Policy Panel of the Federal Reserve Bank of New York; and a member of the American Academy of Sciences. change and in econometric theory. is a member of the American Academy of Arts Research. He is a member of the Econometric he was Chief Economist of the Internationalthe first cohort of visiting professors to NES, he opened and Sciences and of the National Academy Society and of the American Academy of Arts Monetary Fund in 2001-2003. He is a Fellowthe door for the first graduates of NES to the best US He is a macroeconomist, who has worked on a wide of Sciences. and Sciences. of the American Academy of Arts and Sciences,universities for PhD studies. He was NES’s Godfather. set of issues, from the role of monetary policy, Bernard Harms Prize Winner (2008).Since the establishment of these lectures eleven prominent to the nature of speculative bubbles, to the natureacademics, the best experts in their fields visited the New of the labor market and the determinants of unemploy- In 2007, he was awarded the Nobel Memorial Prize ment, to transition in former communist countries, He is one of the leaders in the field of politicalEconomic School. in Economic Sciences (together with Eric Maskin and Leonid to macroeconomic slumps, and to external imbalances. economics. He has contributed greatly to such fields Professor Rogoff is a famous chess player in the USA Hurwicz) in recognition of his contributions to mechanism In the process, he has worked with numerous countries as political business cycles, the political economy, and was awarded the title of FIDE Master in 1978, design theory. Professor Myerson has made seminal con- and international organizations. fiscal policy and budget deficits, the process of European he was a participant of the World Championship tributions to such fields as game theory, mechanism design integration, stabilization policies in high inflation countries, Interzonals in 1976. Professor Rogoff is known for theory, political science. the determination of the size of countries, currency unions. his research in the field of international finance, he has contributed greatly to such fields as political economics and macroeconomics.
  • 22. ZVI GRILICHES MEMORIAL LECTURES 41 research2006 2008Series of lecturesThe Demand and Supply of Liquidity.Bengt Holmstrom Series of lectures On the Design and Reform of Institutions of Economic Governance. Avinash Dixit 2009 Series of lectures New Developments in International Trade Theory. Elhanan Helpman 2010 Lectures How Should We Elect Presidents? How Accountable Should Public Officials Be? How Does Political Pandering Affect Deficits? 2011 Series of lectures Pillars of Prosperity: The Political Economics of Development Clusters. Torsten Persson 2012 Series of lectures Models of Bounded Rationality: Theoretical and Experimental Perspectives. Ariel RubinsteinPaul A. Samuelson Professor of Economics and Chairman, John J. F. Sherrerd ‘52 University Professor of Economics, Galen L. Stone Professor of International Trade and Director The Torsten and Ragnar Söderberg Chair Professor of Economics, Tel-Aviv University and New YorkDepartment of Economics, Massachusetts Institute of Technology; Princeton University; member of the NES International of Graduate Studies, Department of Economics, Harvard in Economic Sciences, Stockholm University. University. Professor Rubinstein is a Foreign Honorarymember of the NES International Advisory Board (2006-2009). Advisory Board. He is also a Distinguished Adjunct Professor University and a Fellow of the Canadian Institute for Advanced Professor Persson is a member of the Royal Member of the American Academy of Arts and Sciences,Professor Holmstrom is a Fellow of the American Academy of Economics at Lingnan University in Hong Kong Eric Maskin Research. Dr. Helpman was a member of the International Swedish Academy of Sciences, and a Foreign the American Economic Association, and the Britishof Arts and Sciences, the Econometric Society and an elected and a Senior Research Fellow at Nuffield College, Oxford. dvisory Board and the Academic Committee of the New Economic Honorary Member of the American Academy Academy, and was the President of the Econometricforeign member of the Royal Swedish Academy of Sciences Professor Dixit was President of the Econometric Society (2001) School (1992-1994). He was President of the Israeli Economic Albert O. Hirschman Professor, School of Social of Arts and Sciences. Society (2004).and the Finnish Academy of Sciences and Letters. He is a research and of the American Economic Association (2008). Professor Association (1989-1991) and President of the Econometric Science, Institute for Advanced Study, Princetonassociate of the National Bureau of Economic Research, a member Dixit is a Fellow of the American Academy of Arts and Sciences, Society (2000). He is a Fellow of the Econometric Society, University. Professor Maskin was Presidentof the executive committee for the Center of Economic Policy the National Academy of Sciences, and the American Philosophi- member of the Israeli Academy of Sciences and Humanities, of Econometric Society (2003). For 10 years he has served on the Prize Committee He was also awarded the Nemmers Prize in 2004.Research and second Vice President of the Econometric Society. cal Society, and a Corresponding Fellow of the British Academy. a Foreign Honorary Member of the American Academy of Arts for the Alfred Nobel Memorial Prize in Economic Sciences. Professor Rubinstein contributed greatly and Sciences, a member of the European Academy of Sciences In 2007, he was awarded the Nobel Memorial Prize Professor Persson was President of the European Economic to the development of neuroeconomics, decision and Arts and a Distinguished Fellow of the American EconomicBengt Holmstrom has made a significant contribution Avinash Dixit is famous for his research in the fields Association. in Economic Sciences (together with Roger Myerson Association in 2008. He is one of the founders of the mod- theory and game theory.to the development of the theory of contracts of microeconomic theory, growth and development and Leonid Hurwicz) in recognition of his contributions ern political economics and co-author of the fundamentaland incentives, the theory of the firm, corporate theories, public economics, political economics, to mechanism design theory. He has made contributions textbook in this field. Torsten Persson is also known for hisgovernance, and the most recently to the understanding and the new institutional economics. Professor Helpman is one of the founders of the modern to many other areas of economics as well, including research in the fields of development economics, macro-of liquidity problems and financial crises. theory of international trade; he is also well known for his game theory, the study of intellectual property rights, economics, international economics, public economics. seminal contributions to the theory of economic growth and political economics. and of the political economics. He was awarded Honorary Doctorate by the Catholic University of Louvain, received the Mahalanobis Memorial Medal, the Bernhard Harms Prize, the Rothschild Prize, the EMET Prize, the Nemmers Prize, the Onassis Prize and the Israel Prize (1991).
  • 23. APPLIEDRESEARCH AND 2011-2012OUTREACH CEFIR APPLIED PROJECTS 19 PUBLIC LECTURES57 OPEN SEMINARS 19
  • 24. APPLIED NES PUBLIC LECTURES YEGOR GAIDARPROJECTS AT THE POLYTECHNIC MEMORIAL LECTURES MUSEUM IN ECONOMIC POLICYCEFIR’s project portfolio includes research donefor Russia’s Central Bank, Ministry of Finance, The lectures in the legendary Grand Hall In 2009 to commemorate the contributionMinistry of Health, Ministry of Industry and Trade, of the Polytechnic Museum have become of Yegor Gaidar to the development of the RussianMinistry of Economic Development, Ministry of Labour a substantial part of NES outreach activities. Willem H. Buiter economics and economic policy, the New Economic Maksim Medvedkovand Social Development, Ministry of Education Four lecture series have been organized for School launched Yegor Gaidar Memorial lecturesand Science, President of Russia Executive Office, the last two years: Economics Made Simple; Chief Economist at Citigroup Director of the Department of Trade in Economic Policy. The Lectures are deliveredthe World Bank, the European Bank for Reconstruction Finance Made Simple; Questions to Economists, by leading economic policymakers from Russia NES GUESTS Negotiations at the Russian Ministry of Economicand Development, Swedish International Development and Economic Policy. Also NES holds regular Development and Trade.Agency, USAID, International Finance Corporation, guest lectures by prominent scholars He is the author of a range of research works on different and around the world. The lectures are supported IN 2011-2012 economic and financial issues. He has held academic by the Human Capital Foundation and Yegor Gaidarand United Nations Development Program. CEFIR’s key and businessmen. All videos are available on NES’s appointments at Princeton, University of Bristol, Foundation. In 2010-12, the Gaidar Lectures were given Prior to the appointment as the Director of the Departmentcompetitive advantage is the international quality YouTube channel, presentations are available London School of Economics and Political Science, Yale, by Anatoly Chubais, CEO of RUSNANO; Stanley Fischer, of Trade Negotiations at the Russian Ministry of Economicof the policy research. CEFIR is integrated into the global at our channel at SlideShare. and Cambridge. Willem has served as an advisor for IMF, Governor of the Bank of Israel and the former First Deputy Development and Trade he held different positions at theeconomic community and has established partnerships with World Bank, EBRD, and other institutions, national Managing Director of the International Monetary Fund; Ministry of Foreign Trade of the Russian Federation.leading international economic research centers and insti- governments, and central banks. Until recently Leszek Balcerowicz, Professor of Economics at the Warsawtutes. The Center strives to bring the latest achievements he has maintained his personal economic blog Maverecon School of Economics; Deputy Prime Minister of Polandof economic science to applied research in Russia. In 2009 on request from Financial Times. and Minister of Finance (1989-1991; 1997-2000),CEFIR was the first non-EC country research center to win Governor of the National Bank of Poland (2001-2007).European Commission project under the FP7 program.The project allowed CEFIR to create, together withthe colleagues from Belgium, Germany, and Russia,the first spatial general equilibrium model of Russia. PUBLIC SEMINARS NES/CEFIR This series is designed for the NES students and faculty, CEFIR researchers, academic economists from other academic institutions and are open Leonid Kazinets Esther Dyson to general public. The invited speakers include William L. Megginson business leaders, politicians and policymakers, The founder and the Chairman of the Board Chairman of the Board of Directors distinguished scholars and public figures. Usually of Directors; Barkli Corporation. at EDventure Holdings Professor at the University of Oklahoma these seminars take place once or twice a month at the NES premises. In 1993 he founded Barkli Corporation, an investment She is an active investor in a variety of start-ups. Her recent Member of editorial board of four journals, and author and construction company, which is now one field of interest includes healthcare and space travel. Dyson and co-author of nine textbooks on corporate finance of the leading market players in the area of construction spent 6 months (from October 2008 to March 2009) as a and privatization. He is one of the leading scholars and development. double for one of the space travel participants at Zvyozdny of privatization of state-owned enterprises. gorodok in Russia. She is a member of the International Advisory Board of the Center for the Study of New Media and Society at NES. outreach 45
  • 25. Our alumni work in the following countries The NES Alumni and Friends Association has more than 1131 Alumni Russia USA United Kingdom 884 168 68 Canada 1300 18 Australia 15 Kazakhstan 9 members. Switzerland 8 Germany 6A L U M N I Ukraine 6 Spain 6 Netherlands 6 France18 5 Sweden 4 Alumni reunions held Hungary 2 this year in 7 cities Italy 2 around the world. China 2 Mexico 1 Israel 1 Cambodia 1 Mongolia 1 Indonesia 1 Austria 1 Uzbekistan 1 Azerbaijan 1 Finland 18% of alumni contributed 1 Singapore 1 to the School within the Alumni Fundraising Campaign. Qatar 1 13 Belgium 1 South Korea 1 One third of NES graduates Turkmenistan 1 continued their education Turkey 1 at the best universities and business schools of the world.
  • 26. of the world.number of NES graduates CONTINUED NES ALUMNI a total contribution of 367 000 USD. AND FRIENDS UNIVERSITIES ASSOCIATION by the very first graduating class in 1994. The Association’s President is Arkady Dvorkovich, THEIR EDUCATION and friends from 30 countries. The Association holds The NES Alumni and Friends Association was created In 2010, the School launched the Alumni Fundraising 18% of the alumni have already donated to NES with The Association includes more than 1,300 NES alumni annual Alumni Reunions in Moscow and different cities alumnus of Class 1994, Deputy Prime Minister of Russia. Campaign to raise funding for the NES Endowment Fund. WHERE NES GRADUATES AND BUSINESS SCHOOLS makers, prominent academic and professional economists. Over the past 20 years, more than one thousand students have graduated from NES with masters degrees in economics or in finance. NES is truly proud of its alumni: successful business leaders and policy- Stanford University Pennsylvania State University 18-23 Harvard University London Business School Duke University Massachusetts Institute of Technology University of Chicago 11-15 Northwestern University London School of Economics Tilburg University University of California Yale University New York University University of Tolouse 6-8 Columbia University Boston University University of Wisconsin University of Pennsylvania Australian National University University of Rochester Stockholm School of Economics Cornell University INSEAD University of North Carolina at Chapel Hill University of Michigan University of Cambridge Katholieke Universiteit Leuven 3-5 Toulouse School of Economics University of Toronto Swiss Finance Institute University of Maryland Carlos III University of Madrid University of Oxford Boston College Princeton University Brown University Johns Hopkins University University of Navarra De Montfort University University of Southern California Association of Chartered Certified Accountants number of NES alumni University of Minnesota Georgia Institute of Technology Indiana University University libre de Bruxelles Chartered Institute of Management Accountants University of British Columbia University of Virginia Graduate Institute of International and Development Studies University of Illinois at Urbana-Champaign Washington University in St. Louis European University Keio University University of Saskatchewan University of Alberta University of Western Ontario Ohio University European University Institute New York School of Interior Design University of Texas at Austin 1-2 Center for Monetary and Financial Studies Universitat Pompeu Fabra Hebrew University Stanley Fischer in PhD programs. Universite Paris 1 Pantheon-Sorbonne 1131 Vanderbilt University Governor, Bank of Israel Central European University Maastricht University Georgetown University University of Georgia Michigan State University Emory University University of Toledo Heriot-Watt University City University London IMD business school To learn more about the New Economic School University of Warwick Rutgers University Carnegie Mellon University one has only to look at the placement of its graduates ESADE Ramon Llull University University of New South Wales University of Delaware Brandeis University University of Geneve alumni 49
  • 27. Arkady DvorkovichNES’94.Arkady was awarded the NES AlumniAssociation Award for the Contributionto the Development of NES (2007).Arkady Dvorkovich is a Deputy Prime Minister of Russia,member of the NES Board of Directors and NES Endowment Oleg ItskhokiFoundation Board of Trustees, President of the NES AlumniAssociation, Young Global Leader (the World Economic NES’04. Oleg was awarded the NES Alumni AssociationForum, Davos). “Breakthrough of the Year” Award (2009) for his outstanding achievements supporting the high reputa-Mr. Dvorkovich graduated from the Economics Department tion of NES and serving an example for other alumni.of the Moscow State University with a degree in Economic Ksenia YudaevaCybernetics in 1994 and from the NewEconomic School the same year. Mr. Dvorkovich continued Oleg Itskhoki is an Assistant Professor of Economics NES’94. Aleksey Zabotkinhis education at Duke University in North Carolina where at Princeton University. He received his PhD degre Ksenia Yudaeva is the Head of the Econom-he received his Masters in Economics degree. in Economics from Harvard University. In 2009 ics Expert Department, G20 Sherpa, Office NES’05. of the President of the Russian Federation. Aleksey was awarded the NES Alumni Associa- Review of Economic Studies named Itskhoki oneFor several years Arkady Dvorkovich served as a consultant, tion “Sponsor of the Year” Award (2011). of the seven most promising PhD graduatessenior expert, chief executive and academic director in economics and finance. Oleg Itskhoki Ksenia Yudaeva received her PhD degree fromof the Economic Expert Group of the Russian Ministry is on the top-100 list of the leading Young the Massachusetts Institute of Technology (MIT). Aleksey Zabotkin, Deputy Head of the Analytical Ksenia Yudaeva has worked in several think tanks:of Finance and in 2000 he became an Adviser to the Minis- Economists according to RePEc. Department, Head of the Investment Strategy she was the Academic Director of the Centerter for Economic Development and Trade. From 2001 Department, VTB Capital, has been one of the leadingto 2004 he was a Deputy Minister for Economic Develop- for Strategic Research, Chairman of the Post-Soviet investment strategists in the Russian investment banking Economies in Transition Program at the Carnegiement and Trade, from 2004 to 2008 — the Head of the community. In 2011 and 2012 the VTB Research TeamPresidential Experts’ Directorate, and from 2008 Moscow Center, and Director for Applied Research was recognized the best in the area of investment of CEFIR. In 2009-2012 Ksenia Yudaeva wasto 2012 – the Aide to the President strategy in Russia in stocks and fixed income instrumentsof the Russian Federation. the Director of the Center for Macroeconomic according to the polls by the Institutional Investor Research at Sberbank and Chief Economist of Sberbank. All-Russia Research Team and Thomson Extel All-Europe Research Team. Starting from February 2009 Ksenia Yudaeva is listed in the top-100 list of the President of Russia’s reserve cadre. In April 2012 Ksenia Yudaeva was awarded the Order of Honor of Russian Federation. She is one of the Young Global Leaders (World Economic Forum, Davos). alumni 51
  • 28. S15000 more than per month I would like to highlight the impeccable academic reputa- 15% of 1994-2011 tion of NES and the highest level of training professionals for the leading Russian and international government NES alumni earn *Alexander Pertsovsky and private organizations. Today NES is one of the leading S7000 sources of human capital. The NES faculty’s researchMember of the Masters in Finance in finance is highly valued by the economics and finance more than per monthProgram Advisory Board community. 44% of 1994-2011 NES alumni earn * 70 Career and business more than experts speaking at lectures, per year workshops, and trainings for the students.CAREER 13 Сooperation agreements with employers.DEVELOPMENT 150 more than Сompanies participating in internship programs. * 40% of the alumni participated in the survey
  • 29. THE KEY EMPLOYMENT OF «MASTER 55 EMPLOYERS OF ARTS IN ECONOMICS» career development OF NES GRADUATES ALUMNI ARE (1992-2012) Sberbank of Russia17-26 53 Gaidar Institute finance 38% THE MISSION 6-7 for Economic Policy education and Rair Simonyan Vitaly Klintsov OF THE CAREER VTB Capital American Appraisal TNK-BP research 16% Former Chairman of the Board of Directors, Yermolai Solzhenitsyn Avetik Chalabyan DEVELOPMENT CENTER Morgan Stanley 13% NES consulting Morgan Stanley Bank Da Vinci Capital Management «McKinsey&Company» To motivate students and graduates to plan their Self-employment, freelance real sector 13% career and self-development, to assist in adjusting One of the main factors slowing down the development Deutsche Bank AG Alfa Group LUKOIL continued 12% of many sectors in Russian economy and Russian financial sector is an extreme dearth of highly qualified personnel, NES graduates proved to be highly qualified experts who possess all necessary theoretical and practical skills. to the modern job market and to contribute to their professional growth. education McKinsey RUSNANO experts whose skills and knowledge would allow them The knowledge they get at NES let them successfully pass 4-5 Accenture University of Sydney other 5% be successful at international level. the selection procedure. McKinsey management is grateful to the faculty and staff of the New Economic School SUPPORT FOR STUDENTS HSE Branan 2% 11-15 PwC government Recently, it was impossible to get the necessary skills for training highly qualified experts in economics. - companies’ presentations, business games and business CEFIR MTS Raiffeisen Bank international 1% in Russia, there was a massive outflow of talented young people in 1990s-2000s abroad. NES is one of the first case studies organizations JPMorgan Chase & Co. KPMG International Fannie Mae educational institutions in our country which not just tried - candidate portfolio and career development seminars and trainings to become similar to western schools, but managed to grow Troika Dialog Nomos Bank Merrill Lynch In addition to strong academic education, NES students into one of the world leaders in economics and business - lectures and master classes by employers education. - meetings with business leaders and academics Barclays Capital ING EBRD also get a unique knowledge about Russian and foreign labor markets, both academic and professional. - company visits - meetings with alumni, round tables and sessions at NES Renaissance Capital Bank of Moscow Wermuth Asset Management NES alumni community helps the students to understand Professionals Club the difference between Harvard and Stanford, between Government of the RF Deloitte Procter & Gamble commercial and investment banks, between strategic - mailing lists: vacancies, internships, job market news - CV Books of students and graduates and financial consulting – as well as the requirements UniCredit University of California and careers in each company. - polls and surveys of students and graduates - individual career advice Credit Suisse - professional trainings, seminars, and courses 8-9 Most employers highly appreciate professional skills Oliver Wyman of NES alumni. A modern NES graduate is a highly - “Innovative Entrepreneurship” course - “Business Communication Psychology” course URALSIB qualified professional with solid practical and theoretical Boston Consulting Group background and creative and unconventional thinking. NES degree helps to secure an interview to any company. Ernst & Young The Career Development Center provides the students Citigroup with information and consulting support on the issues Evraz Group of employment and internships. Gazprombank UBS Goldman Sachs International Monetary Fund number of NES alumni
  • 30. F U N D R A I S I N G NES ENDOWMENT FOUNDATION SUPPORTING THE SCHOOLA N D The establishment of the NES Endowment Foundation has become the sign of confidence of Russian and international business community to the New Economic School. Endowment is a necessary condition for the existence of any research university, the major guarantee 1 2 3 4 5 6 of its independence and commitment to its mission. No university can allow itself to pursue higher goals without long-term funding sources. On the other hand, an endowment can be only established if the public trusts the university and is assured that it will always be committed to its mission.The NES Endowment Foundation was created for several Endowment Professorships Scholarships Development Development Development purposes: campus, long-term funding of faculty positions, financial Foundation of research of academic of extracurricularD E V E LO P M E N T sustainability, and long-term independence of the School. and academic infrastructure activities for programs and resources students and alumni community
  • 31. NES IS GRATEFUL TO COMPANIES, Dmitry Zimin’s Dynasty Foundation ENDOWMENT SCHOLARSHIPS RESEARCH CENTERS 59 Human Capital FoundationFOUNDATIONS AND INDIVIDUALS FOUNDATION AND ACADEMIC PROGRAMS fundraising and development John D. and Catherine T. MacArthur Foundation More than a half of NES students receive merit-based andWHO HAVE CONTRIBUTED TO ITS Open Society Institute need-based full or partial tuition waivers and dormitory NES Endowment Foundation, founded in 2007, - Center for Demographic ResearchENDOWMENT Oxford Russia Fund support: 100 out of 195 students of the Master of Arts in - Center for the Study of New Media and Society PINE Foundation is one of the first endowments in Russia. The Foundation is Economics Program, 14 out of 81 students of the Masters to provide long-term financial sustainability for the School. - NES Outreach CenterPeter Aven RENOVA Foundation in Finance Program, and all 63 students of the HSE-NES NES Endowment Foundation has attracted more than 450 - Applied research projects at CEFIRBank of Moscow Yegor Gaidar Foundation Bachelor of Arts in Economics Program (as of 2011). mln RUR in cash and another 150 mln RUR in pledges - Research conferences, public seminars,Barkli Corporation The Warburg Pincus Foundation and commitments. public lecturesMaxim Boycko Peter Aven The students who do not receive any scholarships in theirArkady Dvorkovich Christopher Barter first year can apply for scholarships at the second year sub- John SlocumJonas af Jochnick Alexander Dolgin ject to high academic performance. Scholarships providedAlexander Lebedev Edward Eisler Director, Migration Program Area and Chair, Rus- by alumni and other donors give the most talented andMacArthur Foundation Peter Necarsulmer sia Working Group International Programs, The hard-working students a chance to study at NES with fullAndrei Melnichenko Jean Raby John D. and Catherine T. MacArthur Foundation tuition waiver and a stipend.Metalloinvest Charles Ryan ACADEMIC Kurt Schmid The MacArthur Foundation has been a financial support-Novatek INFRASTRUCTURE AND RESOURCES Joseph Schull er of the New Economic School for the past fifteen years.Open Society Institute Susan Thurman This period has seen the School grow tremendouslyRenova Foundation - Library as a center of advanced training and research. NES hasSberbank of Russia - Writing and Communications Center been at the center of the creation of a modern economicsTransneft - IT profession in Russia, and I am extremely proudURALSIB of the MacArthur’s longstanding partnership with theRAO “UES of Russia” School. Over the years, MacArthur has provided support PROFESSORSHIPS of professorships, research, outreach at NES – and most recently, support of the School’s Center for the Study Hiring faculty at the international job market is one EXTRACURRICULARNES IS GRATEFUL TO COMPANIES, of New Media and Society. The New Economic School of the strategic priorities for the School. We are proudFOUNDATIONS AND INDIVIDUALS has played and will continue to play an essential role ACTIVITIES FOR STUDENTS of that the business community is increasingly supportive VISA PLATINUM NES CARDWHO PROVIDED FINANCIAL SUPPORT in Russia’s ongoing modernization. through establishing named professorship positions. AND ALUMNI COMMUNITY According to the strategic plan, we will keep adding 4 newTO THE SCHOOL IN 2011-2012 economics and finance professors every year. By 2015 the NES and our long-term partners Russian Standard Bank - NES Paper – students’ newspaper Vladimir Drebentsov and VISA Inc. launched a joint project – Visa Platinum NES - NES Alumni Magazine – quarterly alumni magazine faculty will consist of 40 professors.Access Industries, Inc. premium credit card. The Visa Platinum NES cards are de- - CV BookBank of America Merrill Lynch Vice-President for External Communications, BP Russia signed for NES alumni, partners and friends, and provide an - Annual sports events for the students and alumniBP opportunity to support the School. Russian Standard Bank - Alumni ReunionsDeutsche Bank and Visa donate their commission (1% of all purchases on Long-term cooperation with NES is an honor for BP .Ernst & Young the card) as well as 50% of the annual service fee to NES. We are happy to support various activities at NES byExxonMobil Russia Inc. There is no fee for the first year of use . supporting annually BP scholarships for NES students,ING named professorship and a Russian-Chinese-IndianJ.P Morgan . You can get the Visa Platinum NES card by: conference. Upon that we don’t feel ourselves donors, butKinross Gold - contacting NES Alumni Center at +7(495) 956-95-08, partners getting the effective output from this cooperation.Morgan Stanley ext. 244 or nesalumni@nes.ru Particularly, our experience of joint research aimedNordea - calling Russian Standard Bank at +7(495) 287-78-48 at studying the current tendencies of the Eurasian gasPromsvyazbank market proves that NES is justly considered to be onePwC of the best research universities not only in Russia but inRaiffeisenbank the world.Renaissance CapitalSUEKAlcoa FoundationCitigroup Foundation
  • 32. NES COMMUNITYHSE-NES Masters EDUCATION PROGRAMS Master Executive Center for Economic Center Center RESEARCH CENTERS Maxim Boycko Chairman of the NESJoint Bachelor in Finance of Arts Education and for the Study for Demographic Board of Directorsof Arts mif@nes.ru in Economics Financial Research of New Media and Society Researchin Economics Program abitur@nes.ru www.cefir.ru www.newmediacenter.ru www.nes.ru/ru/science/cdrba@nes.ru ValeryDirector Director Director Director General Director Director DirectorKonstantin Soninksonin@nes.ru Alexey Goriaev agoriaev@nes.ru Stanislav Anatolyev sanatoly@nes.ru Vyacheslav Gorovoy vgorovoy@nes.ru Oleg Adamovsky oadamovsky@ cefir.ru Samuel Greene sgreene@nes.ru Vladimir Shkolnikov vshkolnikov@nes.ru Makarov Program Manager Executive Director Program Coordinator Policy Director Deputy Director Deputy Director NES PresidentExecutive Director Irina Filippova Galina Benevolenskaya Irina Inozemtseva Natalia Volchkova for Data Dmitri ZhdanovEkaterina Maksimova ifilippova@nes.ru gbenevolenskaya@nes.ru iinozemtseva@nes.ru nvolchkova@cefir.ru Sergei Chernov djdanov@nes.ruekmaksimova@nes.ru schernov@nes.ru Program ManagerProgram Coordinator Yulia Kalinchenko ykalinchenko@nes.ru Program Coordinator Kristina Kuralenya Office-manager Liliya Gubaydullina Coordinator Ekaterina Trushina Leading Researcher Eugeny Andreev SergeiDaria Vertkina kkuralenya@nes.ru lgubaydullina@cefir.ru etrushina@nes.ru eandreev@nes.rudvertkina@nes.ru Guriev Research Coordinator Elena Churilova Rector echurilova@nes.ru sguriev@nes.ru
  • 33. NES COMMUNITY 63 NES community MAE MiF BAE Total ADMINISTRATION Program launched in 1992 2007 2011 Students Number of students 188 68 118 374 (100%) Enrollment, 2012 109 34 58 201 (54%) Non-moscovites 140 47 56 243 (65%) Average age 23 28 18 Women 54 18 42 114 (31%) Career Development Center External Relations Department Annual tuition fee $9 750 $15 500 0 Coordinator Room and board, per annum $2 500 Not provided Provided by HSE Director Svetlana Volkova Anastasia MikhalitsynaVice-Rector First degrees svolkova@nes.ru communications@nes.ruKonstantin Sonin Mathematics, natural, sciences, engineering, IT 112 34 146ksonin@nes.ru Finance, accounting, economics 62 17 79 Alumni Relations Center Library Other 14 15 29Vice-Rector for Academic, nesalumni@nes.ru Head Librarian Student loan program 12 years with a 2 year grace periodStudents and Alumni Affairs CoordinatorZarema Kasabieva Svetlana Nabieva Larisa Kryuchkova Actually used loans 44 22 0 66 (18%)zkasa@nes.ru snabieva@nes.ru lkruchko@nes.ru Financial SupportChief Operating Officer Full or partial tuition waivers 100 21 63 184 (49%) Outreach Center Center for Policy StudiesGulnara Okhramenkogokhramenko@nes.ru Deputy Director Director Seseg Vanchikova GraduatesChief Financial Officer Alexei Savvateev svanchikova@nes.ru Number of classes 19 5 0 1131Oxana Budjko savvateev@nes.ru Number of graduates 1028 103 0obudjko@nes.ru Deputy Director Writing and Communication Center Annual budget, 2011-2012 $9,18 million Dmitry Krutikov Costs per student, per annum $24,545 dkrutikov@nes.ru Director Olga Aksakalova NES TODAY Faculty oaksakalova@nes.ru Development Office Total 72 development@nes.ru Tenured and tenure-track 55 Director for Development Part-time faculty 17 Julia Selyukova Governance jselyukova@nes.ru Board of Directors 8 Endowment Foundation Board of Trustees 13 International Advisory Board 14
  • 34. twitter.com/NES1992NES slideshare.net/NewEconomicSchool youtube.com/user/NewEconomicSchoolIN SOCIAL vk.com/neweconomicschool www.odnoklassniki.ru/nes facebook.com/NewEconomicSchoolMEDIAwww.nes.ru117418, Moscow,Russia Suite 1721,Nakhimovskii Prospekt 47Tel: +7 (495) 956 95 08Fax: +7 (499) 129 37 22