MODULE 1– Economics and Development
The Module focuses on the economic development patterns of the Caspian states and unique challenges that their economies face. It offers a critical assessment of the impact of resource abundance on the economic growth patterns in the region and highlight alternative strategies in the development of regional non-oil economy. Participants will examine the transition economies of the regional countries in comparative perspective and evaluate the role of natural resources in the economies of the resource-rich states.
MODULE 2 – Foreign Policy, Geopolitics, and Security
The Module provides a comparative examination of topics related to foreign policy-making, geopolitics, and security issues in the Caspian region.  Participants study institutions and foreign policy-making process and factors influencing the foreign policy of individual Caspian states. The Module investigates interstate relations and regional security challenges, including ethnic and territorial conflicts.
MODULE 3 – Politics and Society
The Module covers issues associated with the political and societal transformation in the Caspian region since the collapse of the Soviet Union. It focuses on political developments in the regional states and challenges faced by the governments in the reform process. It examines concepts including, but not limited to, state formation, religion, and demographics as those apply to the Caspian basin region in general and Azerbaijan in particular. The Module includes presentations and discussions on transition and democracy as well as human rights and civil society.
MODULE 4 – Energy and Environment
The Module surveys the dynamics of Caspian energy production and export and developments in the recent energy politics. Participants learn about major oil and gas exploration projects in the region and look at different country strategies with respect to energy security. The Module also covers issues related to environment and ecosystem in the Caspian Sea. Participants have an opportunity to visit one of the energy sites in Baku as a part of this Module.