ECN480.7 Agricultural Policy and Rural Development

Common Agricultural Policy is the most integrated of all EU policies. This course will begin with analyzing the historical background of CAP from 1960 onwards and touch upon the reform process after 1990. EU decision- making institutions involved in shaping the CAP will be scrutinized. The course will examine the two pillars of CAP: Single Payment Scheme known as Pillar I and Rural Development Regulation and evaluate CAP benefits and costs for member states. As CAP takes a large share of the EU budget, it is important to investigate the financial aspects of the CAP. Moreover, regarding the international trade, interaction of the WTO and CAP reform and the impacts of the CAP on the trade with developing countries will be analyzed. This course will also elaborate the integration of environmental objectives and measures into the CAP and new reforms in relation to climate change mitigation and adaptation. An emphasis will be put on EU enlargement and its implications for agricultural policy and rural development and Turkey?s position vis-a-vis the accession negotiations. Finally, challenges in the future of agricultural policy and rural development will be discussed. (EUR 4415)

EU competition policy is one of the most important Community policies not only because it has an enormous proportion of cases before the Court of Justice, but also because it involves economic, financial and intellectual interests. Topics examined: perfect competition and workable competition; the regulation of competition; distributorship, licensing and franchising agreements; the different types of Block Exemptions; the concept of dominance in the market. (EUR 4351)

The course aims to give students an intermediate level treatment of game theory to solve basic game theoretical problems. Includes discussion on static and dynamic games, oligopoly, entry deterrence, environmental agreements, and experimental economics. Prereq: introductory economics course. (ECO 4211)

The aim of the course is to discuss the methodology and philosophy underlying the Neo-Classical Paradigm. A special emphasis on Austrian School is warranted. Also the criticism of Neo-Classical Paradigm and alternative viewpoints will be discussed. A special emphasis will be given to the discussion of Keynes and his criticism of Neo-Classical position. (ECO 4191)

This course is designed to provide you with the theoretical tools and practical experience necessary to do applied econometric research. You will be actively involved with computer exercises in this course using the Eviews econometrics program. Throughout the course you will use Eviews to implement a series of econometrics exercises designed to provide experience with various tests and estimation procedures. Pre-req: Knowledge about statistics, probability and calculus. (ECO 3061)

This course examines the economic rationale for trade among nations and its consequences for the people of the nations involved as well as its relation with the macroeconomic fundamentals and macroeconomic perspectives of an open economy. Topics to be considered include comparative advantage, gains from trade, traditional and recent arguments for protection, determination of exchange rates, monetary policy in an open economy and international capital markets. In addition, the course considers the effects of trade and other policies on economic growth and development. Emphasis is given to the principle analytical concepts and results relevant to the special problems of developing nations. Pre-Req: ECN 301 or equivalent intermediate microeconomics course. (ECO 3401)

The course will review main topics and theories concerning growth and development. Both mainstream and heterodox ideas will be discussed. The relation between institutions, growth and development will receive particular attention. (ECO 4553)

This course examines the economic rationale for economic integration among nations or regions and its relation with the macroeconomic fundamentals and macroeconomic perspectives of an open economy. The class starts with a discussion of what economic integration means and the principles of foreign trade. Next we focus on extent of economic integration such as free trade zones, regional trade agreements, the monetary integration and fiscal integration of different regions (nations). Different cases of economic integration will be discussed further into the semester such as the NAFTA, LAFTA and the European Union. Pre-req: ECN 302 or equivalent intermediate macroeconomics course. (ECO 3402)

This course aims at providing an introduction to the basis of international trade in order to provide students with a theoretical understanding of trade relations among the countries. The course is devoted to the examination of various theoretical approaches (i.e. Ricardian, Heckscher-Ohlin models, new trade theories) that help to explain several questions such as ‘what explains the patterns of trade?, why do nations trade?, What is the basis for trade?, What are the welfare implications of trade liberalization?, Who gains from trade?’. (IB 3413)