Courses

    Compulsory Courses:

    ECONOMIC ANALYSIS FOR BYSINESS DECISIONS

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

    ENERGY LAW

    The aim of the course is to look into the study of the basic principles which guide the establishment of the internal market of energy, the role of the Member States as regards the protection of the general economic interest, the place of the consumers in the market, the institutions controlling the market and the judicial protection of the parties involved in the market.

    ENERGY ECONOMICS

    This course applies fundamental economic concepts on energy issues using practical tools from theory and empirical analysis. The following concepts will be covered: energy supply/demand, energy economic modelling using MS Excel, energy markets (fossil fuels, electricity and renewable energy sources), market failures and environmental challenges, technical progress and sustainable development, market-based and non-market-based energy policy instruments, and regulation of energy industries.

    LEGAL ASPECTS OF COMPETITION AND MARKET 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.

    REGULATORY COMPLIANCE

    Companies in the energy sector can be subject to uncertainties, which may stem from exogenous factors or from internal actions. Often, uncertainty is synonymous with the definition of risk. By systematically monitoring uncertainty, it is possible to adopt appropriate organizational and technical measures in a timely manner to reduce risks and exploit opportunities. For this reason, the implementation of an effective compliance system is a key component of the management of a value-based company, as it supports its sustainable development.

    Elective Courses:  

    INTERNATIONAL LAW

    The aim of the course is to look into the study of the sources and the rules of International Law, to demonstrate the specificities of this area of law and its hierarchical relationship with the national legal orders and national law, to explain the meaning and the operation of the International Organizations by studying the most important of them, to explain the functioning and the importance of the international judicial bodies. Particular emphasis is given to the International Law of the Sea and to the International Energy Law.

    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.

    ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS

    Objective of the course is the understanding of:
    (a) the economic causes of environmental degradation relating to market imperfections like externalities, public goods, institutional weaknesses
    (b) benefit cost analysis and valuation techniques that are used to better determine the efficient management of environmental and natural resources
    (c) the alternative policies needed to improve the management and protection of the environment and its natural resources.

    SUSTAINABLE DEVELOPMENT AND LIMITED CARBON ECONOMIES

    The course aims to understand and use methods for decision making and implementation in the field of sustainable (green and blue) technological and social solutions, as well as investments, which can be used to transition to a sustainable economy and society.
    More specifically: (1) in the application of the criteria of the "EU Taxonomy for Sustainable Investments (2019)" for the selection and financing of sustainable investments, (2) in the assessment of the value of natural resources and their ecosystem services, (3) in the integration this value in Cost-Benefit Analysis, (4) in creating financial instruments to finance sustainable investments, (5) in the transition from innovation to entrepreneurship, (6) in the “Systems Innovation Approach” methodology for co-shaping sustainable solutions / investment with all stakeholders involved.

    STRUCTURE AND FUCTIONING OF THE EUROPEAN ADN GLOBAL ECONOMY

    Objective of the course is the:

    • 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.

    THE LEGAL ASPECTS OF THE ENERGY UNION AND CLIMATE ACTION

    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.

    INTERNATIONAL INVESTMENT AND TRADE DISPUTES SETTLEMENT

    The aim of the course is to provide specialized training on the status of investment protection and the process of resolving relevant disputes. The students of the program become familiar with the study and analysis of specific cases and comprehend the way and the procedural framework for their solution. The knowledge they acquire is useful both for understanding the reconciliation and consultation processes and for the judicial mechanisms and enforcement measures of the relevant decisions.

    SPECIAL TOPICS ON ENERGY POLICY

    Objective of the course is:

    • to understand the need for energy policy at national, European and global level and link changes to economic growth.
    • to describe the concept and content of sustainable development as outlined in the Sustainable Development Goals.
    • to describe the key points of the European Green Deal and its importance for achieving the objective of carbon neutrality.
    • to perform a basic efficiency analysis and comprehend how it is linked to policy-making.
    • to understand the development of Corporate Social Responsibility practices in light of Sustainable Development for business and society.

    MODELING ENERGY, ENVIRONMENT AND ECONOMY

    The aim of the course is the diagnosis of physiology of environmental problems. Understanding of appropriate energy policy for solving modern environmental problems. Adopt appropriate environmental policies and tools with awareness of both the dimensions of environmental problems and the necessary energy policy. Upon successful completion of the course, students are expected to have a proven knowledge and understanding of issues related to the economic operation of natural resources, the impact of economic activity on environmental resources, modeling the relationship between environment, economy and energy.

    DESIGN AND REGULATION OF ENERGY MARKETS

    Students become familiar with the economic characteristics of the Energy Sector and they will study its economic foundations. They will be able to raise the common problems in the regulation and market design of energy, and recognize the problems of enterprises decisions within the sector.

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

    • Period A: OCTOBER - DECEMBER 
    • Period B: JANUARY - MARCH 
    • Period C: APRII - JUNE