Courses

Brigding Courses:

Macroeconomic Theory | Microeconomic Theory | Econometric: Basic concepts and tools necessary for economic analysis are briefly introduced. The emphasis is on understanding and analysing current economic issues.
The behaviour of consumers, producers and firms, models of price determination and the determination of key variables in the economy (consumption, investment, wages, employment, inflation, international trade, exchange rates) are developed.

Compulsory Courses

Direction A: International Business Economics

International Business Economics: The main objective of the Course is to introduce and familiarize students with the global economic environment pertinent to International Business Economics.
Equip with a basic understanding of this specific subject matter, and to comprehend the major issues involved therein.
International Trade and Multinational Enterprises: The main objective of the course is to introduce and familiarize students with the basic concepts and analytics of the intricate interrelationship between the operations of MNEs and International Trade. To equip them with a basic understanding regarding this specific subject matter, and to comprehend the major issues involved therein. The course covers theoretical aspects of the global economy as well as practical implications related to the international business practices of the MNEs.
International Financial Markets: The course begins with an introduction to government bond valuation.
Next, it provides the single measures of risk and return for a single asset and then complicates the discussion by moving to risk and return for a portfolio of many assets. Alternative risk measures and models are provided, and the Capital Asset Pricing Model (CAPM) as well as the Arbitrage Pricing Model (APT) are analyzed. In the last part, it moves to the pricing of European-style contingent claims in a single-period model. The Black-Scholes model is derived assuming a lognormal distribution for the asset. Then, it analyzes the pricing of forwards and future contracts on assets and derivatives, and the pricing and use of swaps. Finally, describes the hedging techniques of portfolios using derivatives.
Applied Econometrics: The main theme of the course is multiple regression and its adaptation to different data structures and issues arising in the analysis of observational non-experimental data. The emphasis is on applications of econometrics. Topics covered are: modeling, OLS estimation, testing. Empirical applications using STATA are shown in lab.
International and European Macroeconomics: The main objective of the Course is to introduce and familiarize students with issues related to macroeconomic policy in an international economic environment. By the end of the course, students will be able to understand and discuss the basic relationships in international and European macroeconomics using simple theoretical models and to analyse economic data and empirical papers/ reports on issues related to international macroeconomic policy.

Compulsory Courses

Direction B: European Law & Economics

European Union Law

The aim of the course is to look into the study of the structure, the institutions and the policies of the European Union, to analyze the relationship of the EU legal order with those of the Member States, to study the basic EU principles and to explain their importance and their practical operation. Particular emphasis is given to the Economic Law of the European Union and the developments taking place in this particular area.

Institutions and Negotiations in the European Union

Understanding the real world of negotiations in the framework of the institutions and governance of the European Union, inside the EU and in the global context. Understanding of how policies are shaped, and how negotiations are implemented within the EU (among member-states and between EU institutions) as well as in the context of EU foreign policy and external relations, including international negotiations.

Regulation Policies of the EU

Objective of the course is:

- Understanding of the goals and economic rationale of a number of economic policies of the EU
- Understanding of the function of particular market and of the role of competition in the market
- Analysis and use of a number of microeconomic tools
- Understanding of the impact of number of common business practices such as mergers a& acquisitions and cartels, on welfare as well as the intervention of EU in the markets in which these practices take place.
- Understanding of the goals and the methods of market liberalization that EU applies.

International Financial Markets

Θεματικές Ενότητες: Οι Διεθνείς Χρηματοοικονομικές αγορές, Αγορές Ομολόγων, Ευαισθησία ομολόγων σε αλλαγές επιτοκίων, Διαχείριση χαρτοφυλακίου ομολόγων, Αγορές μετοχών, Επιλογή Χαρτοφυλακίου και Αποστροφή στον Κίνδυνο, Επένδυση σε περιουσιακά στοιχεία με κίνδυνο, Επιλογή Χαρτοφυλακίου: Θεωρία κατά Markowitz. Η έννοια της διαφοροποίησης, Μέτρα κινδύνου, Υπόδειγμα Αποτίμησης Περιουσιακών Στοιχείων (Capital Asset Pricing Model). Arbitrage Pricing Theory, Διεθνές Υπόδειγμα Αποτίμησης περιουσιακών στοιχείων (International Asset pricing), Διεθνείς επενδύσεις. Διεθνής διαφοροποίηση, Η αγορά παραγώγων. Αντιστάθμιση κινδύνων με τη χρήση παραγώγων, Η διεθνής Χρηματοοικονομική κρίση. Ο ρόλος των χρηματοοικονομικών ιδρυμάτων.

International and European Macroeconomics

The main objective of the Course is to introduce and familiarize students with issues related to macroeconomic policy in an international economic environment. By the end of the course, students will be able to understand and discuss the basic relationships in international and European macroeconomics using simple theoretical models and to analyse economic data and empirical papers/ reports on issues related to international macroeconomic policy.

Elective Courses:

Structure and Functioning of the European and Global Economy

Objective of the course is:

• Knowledge of the main trends regarding the evolution of the global economy and understanding of the factors affecting the changing structure of economic power across nations.

• Understanding of the effects of international factor movements (capital and labour) and of regional economic integration.

• Understanding of the factors contributing to global economic imbalances (surpluses/deficits in the current account balances), and of the policies needed to correct them.

• Understanding of the reasons behind the rise in the importance of Global Value Chains, and of their role in increasing economic interdependence.

Environmental and Natural Resource Economics

This course provides a general introduction to the economics and management of natural resources and the environment. The emphasis is on the underlying theory and methodology with references to current challenges like climate change and the global fisheries crisis. The course provides an introduction to the principles of environmental and natural resource economics including cost benefit analysis. The course introduces the theory of renewable and depletable resources and looks into the principles of designing environmental policy with specific reference to atmospheric pollution, water pollution and climate change.

Games, Strategies and Negotiations

This is an introductory course to game theory. Although the course is methodological in nature, there will be an attempt to avoid a rigorous presentation of the material. Emphasis will be given to economic applications like oligopoly competition and entry, bargaining and auctions.

Export Activity of Greek Firms and Innovation

Objective of the course is:

• Understanding the theorical and empirical framework for the analysis of firm level exporting and innovation.
• Understanding issues of recent literature on exports and innovation
• Get familiarized with the determinants of firm level export performance
• Get familiarized with issues on the competitiveness, exports, and innovation of Greek firms.
• Get familiarized with firm level data analysis and empirical research.

Topics in Finance

The goal is for the student to absorb concepts, empirical evidence and information regarding market characteristics that are essential to understand financial investments and investment management according to contemporary best practices.
Consequently, at the end of the course, the student will be able to understand and evaluate publications regarding the behavior of markets in national and international financial news outlets.

Environmental Law

The aim of the course is to look into the study of the EU and Hellenic Environmental Law, especially as regards the fundamental principles of environmental protection, the judicial protection, the role of the Aarhus Treaty and the constitutional nature of the environmental protection.

Topics in Economic Policy at the EU

The main objective of the course is to introduce and familiarize students with issues related to economic policy in the EU. By the end of the course, students will be able to understand and discuss issues related to the single market, monetary policy within the economic environment of the Eurozone, the potential limitations on fiscal policy by the participation of a country in the EU. The analysis is based on theoretical models as well as on economic data and stylized facts.

Legal Aspects of Competition and Markets Regulation

The aim of the course is to provide basic knowledge on the operation of the internal market and competition. It further seeks to understand the operation of regulated markets where competition and regulation complement each other to achieve the best outcome for the consumer. Topics such as SGI, access to networks, independent regulators are the subject of the course. The course aims to provide the appropriate tools for comprehending the operation of the regulated markets and is a necessary step for further specific interdisciplinary analysis of the energy markets.

Project Appraisal in Infrastructure and Energy and Risk Management

The course presents the methods of investment evaluation at the level of firm and national economy, as well as the ways of their application. After completing of the course students will be able to conduct financial, economic and social evaluation and as well risk analysis of investment programs in the real economy.

The EU in International Negotiations

The course is structured along three thematic axes. The first one focuses on the institutional and political framework of foreign policy making at the EU level. The second one examines the negotiating features of the EU linked with its institutional and political structure. Finally, the third looks at case-studies of EU participation in international negotiations in various field (trade, security, etc). The third axis is based on the assignments and presentations of students, under the direction and mentoring of the instructor. The synthesis of the theoretical and empirical insights leads to the overall assessment of the EU as an international actor.

Economic Analysis for Business Decisions

The aim of the course is for students to understand how the microeconomic and macroeconomic environment affects business decisions.

Lessons are distributed within three didactic periods of the academic year:

Period A: October- December
Period Β: January- March
Period Γ: April- June