Agricultural and rural development is a real challenge for most of the countries in Central and Eastern Europe during their pre-accession to EU stages. The main lesson from the last decade is that traditional theories and approaches are not enough to explain the real problems and to build productive practical alternatives. We need a new theoretical foundation and new policy.
The multidisciplinary approach of New Institutional and Transaction Cost Economics allows us to enrich the analysis of the agrarian and rural sectors. Its concept will be applied in: the assessment of the role of specific formal and informal institutions (property rights, legislation, trust, informal rules); analysis of comparative efficiency of market, private, hybrid, etc. modes of governance (contracts, organizations, collective actions, illegal forms); efficiency analysis of various forms of Government, international, etc., intervention (assistance, regulation, support, in-house organization, institutional modernization, globalization).
The course participants will receive knowledge and skills for a better understanding of the pace, driving factors, and prospects of agrarian transformation. It is expected that they are familiar with mainstream economics, the theory of organizations, and traditional concepts for agrarian and rural development.
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