Academic Catalog

IR534 POLITICAL ECONOMY OF INTERNATIONAL OIL

Course Code: 3140534
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: International Relations
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Prof.Dr. MELÝHA ALTUNIÞIK
Offered Semester: Spring Semesters.

Course Content

This seminar consist of two parts: The first part examines the regional and international aspects of oil, focusing on the primacy of oil in the Middle East, oil discovery and concessions, the emergence of OPEC and the structural changes in the oil market. The second part addresses the socioeconomic and political effects of oil on oil-exporting states and discusses the rentier state/rentier economy model, employing extensive case studies.