Module of TEI

Name of module

European Union and Economic Cooperation on regional Level – The case of Greek/Turkish Economic Relations

Target group(s)

Students of Economics, Social Sciences, Business Administration and Accounting

Level (Bachelor, Master)


Years of study


Required knowledge

Micro- and Macroeconomics, International Economic Relations

Number of hours (total, % of face-to-face)

120 (50%)

Credits granted


Learning objective(s)

  • Understand the importance of the cooperation between countries that are located in the periphery of Europe.
  • Define the benefits of the cooperation for the European Union as a whole and for the countries that are located in the periphery of Europe.
  • Comprehend the framework of the policies and tools that can be used for the improvement of the economic relations.
  • Enrich the students’ analytical capabilities by the use of case studies.
  • Develop the feeling of economic cooperation and good neighbour ship between Greece and Turkey.


1. From the European Economic Community to the European Union

    1.1 Historical background of the route of the E.U

    1.2 Basic factors of the transition of the E.U

    1.3. The enlargement of the E.U: problems and perspectives

2. E.U and the countries of the periphery of the E.U

    2.1 Trade relations

    2.2 The role of investments in the periphery of the E.U

    2.3 The transformation of resources from the centre to the periphery of the E.U

    2.4 Migration flows

3. The regional policy of the E.U

3.1 Historical background

    3.2 Goals of the regional policy of the E.U

    3.3 Tools for the implementation of the regional policy of the E.U

    3.4. Financing the regional policy of the E.U

    3.5. The role of the “Commission of Regions”

4. The economic relations of Greece and Turkey

    4.1. The past and the present of the economic relations

    4.2. Factors that influence the structure and the volume of the economic relations

      4.2.1. The role of politics as a negative factor: 1970 - 1980 -1990

      4.2.2. The role of politics as a positive factor: the last decade

    4.3. Strong and weak points of the economic relations

    4.4. The cooperation possibilities

      4.4.1. Sectors of economic cooperation4.4.1.1. Intrastate trade Tourism Energy Common intrastate issues in the environment and the management of natural resources Culture Services

      4.4.2. Preconditions of cooperation

      4.4.3. Benefits for the countries

    4.5. Cases of effective and non-effective cooperation between the 2 countries

    4.6. Suggestion of policies for the improvement of the economic relations

5. Conclusions

Teaching methods

  • Lecturing: the lectures will cover the theoretical background of the subject, providing information about regional cooperation as well as relevant empirical evidence.
  • Presentation by the students: students will be asked to contribute their ideas in the field of potential cooperation between Greece and Turkey. Their ideas will be discussed by the other students and amendments will be proposed.
  • Case studies: certain cases will be presented and the comments of the students will contribute to the building of a discussion.

Material, sources, literature

  • Dragona Thalia and Faruk Birtek: Greece and Turkey – Citizen and Nation/State, published by Alexandreia, Athens 2006 (in Greek).
  • Christos Kollias: Greece – Turkey: defence, economy and national strategy, published by Patakis, Athens 2001 (in Greek).
  • Paul Krugman and Maurice Obstfeld: International Economics: theory and policy, volume 1 and 2, published by Kritiki, Athens 2003 (in Greek).
  • Eleni Andrikopoulou and Grigoris Kafkalas: The new European area, published by Themelio, Athens 2000 (in Greek).
  • Commercial and Industrial Chamber of Athens: The economic cooperation in the Black Sea Area, Athens 2003 (in Greek).
  • Panos Kazakos and Panagiotis Liargovas: Reformation and economic cooperation in the South-eastern Europe, published by Ioniki and Laiki Trapeza, Athens 1996 (in Greek).
  • Theofanis Malkidis: Economy and society in the Black Sea Area, published by Gordios, Athens 2002 (in Greek).
  • Sotiris Valnten: Balkan cooperation and European integration, Greek centre of European Studies, published by Papazisis, Athens 1994 (in Greek).
  • Peter Fischer and Thomas Straubhaar: Ökonomische integration und migration in einem Gemeinsamen Markt, Verlag Paul Haupt Bern / Stuttgart / Wien, 1994 (in German).
  • Ulrich Hiemenz et al.: Regional Integration in Europe and ist effects on developing countries, Kieler Studien 260, J.C.B. Hohr Tuebingen, 1994 (in English).

Main author of the module

Dr. Anastasios Karasavvoglou, Faculty of Accounting, School of Business and Economics, Technological Educational Institute (TEI) of Kavala, Greece

Co-operating authors

Dr. Chaidi Dritsaki

Status of work (a) First draft b) Work in progress c) tested and finalised d) published)


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