Agricultural and rural economics, Economics

Course date

14 July - 25 July, 2003
Application deadline:
15 February, 2003
Course Director(s): 

Dimitar Terziev

New Bulgarian University, Business, Sofia, Bulgaria

Hrabrin Bachev

University of National and World Economics, Agricultural Economics, Sofia, Bulgaria
Course Faculty: 

Konrad Hagedorn

Humboldt University Berlin, Chair of Resource Economics, Berlin, Germany

Michael Sykuta

University of Missouri-Columbia, Agribusiness Research Institute, Columbia, United States of America

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 the traditional theories and approaches are not enough for explaining the real problems and for building productive practical alternatives. We need a new theoretical foundation and new policy.

The multidisciplinary approach of New Institutional and Transaction Cost Economics gives us an opportunity to enrich the analysis of the agrarian and rural sector. Its concept will be applied in: 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 better understanding of the pace, driving factors, and prospects of agrarian transformation. It is expected that they are familiar with mainstream economics, theory of organizations and traditional concepts for agrarian and rural development.