Erasmus+

The ERASMUS programme is a European student exchange programma esytablished in 1987 offering universoty students a possibility of studying or working abroad in another European country for a period of 6 months (for the undergraduate students). The name of the project refers to Dutch Renaissance humanist and theologian Desiderius Erasmus of Rotterdam. He studied at diverse European universities and described the education as a chance for modern people. The programme is open to 33 countries: Member States of the European Union, EU candidate countries and EFTA / EEA members. Each student receives a grant which covers partly the costs of the stay abroad. Students going on exchange under the ERASMUS programme do not pay any university fees in the hosting/partner university. One of the basic rights each exchange student has is the full recognition of courses passed successfully abroad by the home university. Before leaving the home university, the participating student signs the Learning Agreement - a document that describes the programme of studies followed in the host university. At the end of the stay the host university should prepare for the student a document called the Transcript of Records that confirms the completed studies' programme and the results. In addition, students can improve their language skills by participating in one of the Erasmus Intensive Language Courses offered at the host university.

For information how to apply, deadlines, scholarships, and informatin on universities where you can do your exchange, please contact the International Relations Office of you university. 

 

Erasmus Courses/Credits Offered by the Department of Economics

Ιncoming undergraduate Erasmus students at the Department of Economics of the University of Piraeus must choose courses from their department, which has signed the Erasmus agreement with the Department of Economics of the University of Piraeus, equivalent to 30 credits. If this is not the case, they must take at least 20 credits from the Department of Economics and the rest of the credits from other Departments of the School of Economics, Business and International Studies.

For further information, please, contact the International Relations Office of the University of Piraeus, Dr. Christina Kontogoulidou, office: 430, tel.: (+30) 210 4142170, fax: (+30) 210 4142347, e-mail .

Table below, presents the Erasmus courses offered to the incoming Erasmus students. 

Erasmus Courses

Title

 

Instructor

Course Description

Semester/ Credits/ Hours

INFORMATION SYSTEMS

    

A. Vozikis

Y. Pollalis

Education in information technology is critical for every business professional in every discipline. Today, information technology is used extensively in business to acquire, develop and communicate information, and, to assist managers with every decision they make. Regardless of a student's future occupation, they will need to understand the potential and limitation of information technology and be able to use it effectively in their work. This course will educate students in contemporary business information systems, modern computer tools, and what it means to act responsibly within current business environments. Students will study essential information systems, found in current and emerging business models. Discussion will focus on information technology, contemporary decision support tools, and standards of behavior required of personnel working with information and information technology. Students will learn about technology and its impact on the business through readings from books, and other published resources including podcasts, discussions, and independent exploration. Students will work in a team and individual environment to solve business problems using decision support systems with MS Excel.

1st sem.

5 ECTS

4h

MICROECONOMICS I

 

M. Psillaki

M. Raikou

Microeconomics I, compiles a bottom-up analysis, examines how individual economic entities (consumers, businesses) define collectively how to effectively use the resources of the economy that are in short supply. For this purpose, both graphical and mathematical analysis are used, which gives students the ability to cope with and solve various economic problems in the microcosm of the economy. Upon successful completion of the course, students will have the opportunity to know and apply microeconomic theory in making strategic decisions of economic interest.

3rd sem.

6 ECTS

4h

AGRICULTURAL ECONOMICS

 

K. Drivas

This lesson is a basic introductory lesson in Agricultural Economics. The subject matter of the course includes issues in consumer behavior, producer behavior, economics of technology progress, pricing, economics of government interventions, and analysis of labor and land as inputs to agricultural production. After successfully completing the course, the student will be able to understand the basic economic metrics and concepts of a farm and therefore be able to judge rationally the composition and intensity of the production process. S/he will also be able to analyze the mechanisms of price formation for agricultural products. Finally, through the teaching of key government intervention tools (eg subsidies, tariffs), s/he will be able to understand and analyze any legislation and, in particular, the institutional framework of the Common Agricultural Policy.

3rd sem.

5 ECTS

4h

MACROECONOMICS I 

 

C. Economidou

The course is an intermediate course, which covers the theory of modern macroeconomics in detail. The course first introduces key macroeconomic concepts such as aggregate demand and supply, nominal and real GDP, inflation, economic growth, unemployment, monetary policy and exchange rates. Then we proceed with the analysis of the key markets distinguished in the economy. The working of the goods market, the financial market and the labor market will be analyzed and a model that combines the interaction of all three markets will be developed. In building the model for these markets the basic graphical and analytical tools that every macroeconomist must master will be introduced. Then we turn to the practical implications and limitations of our analysis. What is the role of governments in a market economy? Does the public sector improve or impede economic development? How do collective actors like unions and business associations affect the economic process? Step by step the course develops the more sophisticated tools used in modern macroeconomic theories, introducing expectations and the open economy extension, which can then be applied in macroeconomic policy analysis.

3rd sem.

6 ECTS

4h

ECONOMICS OF SOCIAL PROTECTION

 

M. Chletsos

The purpose of the course is to analyze and understand the concept of social protection and its consequences on the economy. The course will explain the necessity of a system of social protection, how this system works and which the goals of this system are. We are learning the different forms of the welfare state among the European countries. We show all different methods of financing social protection and we analyze its impacts on employment and on economic growth. We also analyze the causes of the crisis of the system of social protection and we discuss the trends of the social protection system. We will focus on the different subsystem of social protection and more specifically on pension system, on welfare system, on unemployment and on health system.

4th  sem. 

5 ECTS

4h

PUBLIC ECONOMICS I

 

K. Eleftheriou

S. Hadjidema

The main objective of this course is to examine the role of government in the economy. Upon successful completion of this course, students should be able to know and analyze the mechanism for determining the effective provision of public goods, understand the concept of externalities and analyze the public and private responses to them, understand and analyze the mechanism of aggregation of individual preferences into collective (social) decisions, use cost-benefit analysis to evaluate public spending programs, and understand the functioning of the various social security systems.

5th sem.

6 ECTS

4h

REGIONAL ECONOMICS

 

S. Karkalakos

This course is a solid class in Regional Economics. The subject matter of the course includes issues in consumer behavior, producer behavior, spatial analysis, spatial pricing, and analysis of labor and land as inputs in a spatial model. After successfully completing the course, the student will be able to understand the fundamental regional economic concepts. She/he will also be able to analyze the mechanisms of regional price formation for products or services. Finally, students master spatial econometric techniques

5th sem.

6 ECTS

4h

ECONOMETRICS I

 

C. Agiakloglou

The current course provides a thorough presentation of the basic quantitative technique used in Economics to empirically identify the behavior of many phenomena.  The course discusses the concept of a random variable, presents the distributions of continues random variables and reviews the basic statistical analysis of one variable.  Next, it covers the correlation analysis, properties of the correlation coefficient and hypothesis testing.  The simple regression model with all its characteristics, i.e., estimation, goodness of fit, distributions and properties of the estimators, Gauss-Markov theorem, hypothesis testing and forecasting is presented afterwards.  The course presents next the multiple regression model with all its characteristics, i.e., estimation, coefficients of determination and adjusted coefficient of determination, properties of estimators and distribution, all the tests, ANOVA analysis and forecasting.  The tools students will learn in this course will allow them to analyze real data and derive policy conclusions for Economics and Business issues.

5th sem.

6 ECTS

4h

MARKETING

 

Y. Pollalis

Whether we want it or not, we live in a society of organizations.  We are born in organizations, we are educated in organizations and we study about them so that we can later work in them and consume their products & services.  This MKT course provides students with solid experience in creating market-driven and market-driving strategies for the future success of a business. A focus is on discovering and developing a set of unique competencies for a firm that, through strategic differentiation, leads to sustainable competitive advantage in the marketplace. Students are provided ample opportunity to develop and practice creative problem-solving and decision-making skills to simulate the requirements of today’s complex market environment. Marketing-based analyses will also be discussed that include the following: internal/external analysis, customer analysis, competitor analysis, market/submarket analysis, and comparative strategy assessment. In addition, with the rapid shift of advertising money away from traditional media to online platforms, it is becoming increasingly important for marketing graduates to be well-versed in digital marketing fundamentals. This course will provide a good foundation in the key concepts around this constantly changing field, along with issues dealing with the Internet of Things (IoT) and Marketing Data Analytics.

5th sem. 

5 ECTS 

4h

ECONOMICS OF EDUCATION 

 

M. Chletsos

The purpose of the course is to explain the structure and functioning of the educational services market. Education economics analyzes questions about people's decisions to invest in education, determinants that determine and influence the demand and supply of educational services, ways of funding educational services, state interventions in the market for educational services, the design of educational services and the effective allocation of educational resources, the long-term impact of education on poverty, inequalities, unemployment and economic growth.

5th sem.

5 ECTS

4h

LABOUR ECONOMICS

 

K. Eleftheriou

Labour force, employment, unemployment in relation to economic process and inflation. Labour market and occupational projections and prospects. Influence of the new technology upon the labour market, the industrial relations system and productivity. Terms and conditions of work. Τhe determination of salaries and of wages. The system of industrial relations and relations between employees, employers and the state. Collective bargaining, collective agreements and collective disputes. Purpose, role, function and organizational structure of trade unions.

6th semester/ 5 ECTS / 4h

ECONOMETRICS II

 

C. Agiakloglou

The current course provides a thorough presentation of the econometric analysis used in Economics to empirically identify the behavior of many phenomena.  The course reviews topics in linear algebra used for the presentation, estimation, testing and forecasting of a multiple regression model.  Next, it examines all the problems that appear in regression analysis such as multicollinearity, heteroscedasticity, autocorrelation, non-normality and biased estimates.  After that, it presents several special topics in regression analysis such as, dummy variables, trend and distributed lag models. expectations, non-linear models and logit and probit models.  Smoothing techniques and time series decomposition are also covered.  The tools students will learn in this course will allow them to analyze real data and derive policy conclusions for Economics and Business issues.

6th sem. 

6 ECTS

4h

ENTREPRENEURSHIP

 

I. Fafaliou

The course introduces students to the basic theoretical framework for the creation and development of entrepreneurship. The concepts of startups, as well as small and medium-sized enterprises (SMEs), and the practical applications of entrepreneurship at all stages of the business life cycle are examined. Particular emphasis is placed on issues such as: understanding the nature and role of SMEs and entrepreneurship, creating start-ups, entrepreneurship of aspiring entrepreneurs, the role of social networks and the finances of start-ups and SMEs. It also investigates the stages of development of start-ups and analyzes their possible downtime. Finally, it discusses the financial tools used to set up and develop businesses / organizations, public policies to encourage and stimulate entrepreneurship, and implement these policies in practice. Each module is supported by case studies from the Greek and international context.

6th sem. 

5 ECTS

4h

BANKING ECONOMICS

 

M. Psillaki

The aim of this course is to show the importance, the functioning and the structure of the banking system. In this course the notions of banking operations, banks’ risks, methods to manage risks as liquidity and interest rate risk, bank lending, alternative sources of lending, the notion and functions of the Central Bank and the European Bank will be analyzed. There are no exams. Students must write a short dissertation in a special topic and must present it in class.

6th sem.

5 ECTS

4h

MANAGEMENT AND EVALUATION OF HEALTH SERVICES 

 

M. Raikou

The course aims to analyze the organizational structure of the Greek NHS and other health providers-stakeholders and to present the basic concepts of management in general and of healthcare services in particular. At the same time, discusses the most current methods of economic evaluation in health care, so as to provide the most effective and efficient care. Finally, the course is supported by case studies.

6th sem. 

5 ECTS

4h

MATHEMATICAL ECONOMICS

 

N. Michelakakis

Linear Algebra, Convex Sets, Concave and Quasi-Concave Functions, Non-Linear Programming-Kuhn-Tucker Conditions, Consumer Theory and Duality, Producer Theory, Profit Function, Cost Function, General Equilibrium, The two Theorems of Welfare Economics.

7th sem.

5 ECTS

4h

INDUSTRIAL ECONOMICS

 

I. Fafaliou

M. Polemis

The purpose of this module is to identify the main structural features of industries, markets and firms. This module emphasizes on the sector and market structure analysis as well as on the firms’ strategic behaviour exploration. The primary task of this module is to investigate the strategic corporate practices among the industry competitors and how these practices influence the rivalry. Specifically, this module deals with the basic methodological framework of industrial organization analysis (Structure- Conduct - Performance), current firms objectives, market concentration, entry and exit barriers, economies of scales, firms strategies based on game theory, firms collusion, pricing policies, vertical and horizontal integration, diversification, product/service differentiation, the technological change as well as the R&D of new product and services. Each section includes theory presentation and a relative to the theory case study analysis (Greek or International reality).

7th sem.

6 ECTS

4h

INTERNATIONAL TRADE

 

P. Pantelidis

I. Kokores

International trade theories, comparative advantage, Heckscher-Ohlin-Samuelson model, product cycle model, scale economies, imperfect competition, and international trade, strategic trade, tariffs , commercial policy,  economic integration, international trade and development, foreign direct investment.

7th sem. 

6 ECTS 

4h

INTERNATIONAL BUSINESS ACTIVITY

 

I. Fafaliou

The purpose of the course is to introduce students to the basic concepts and practices of International Business Activities and provide them with the necessary knowledge in the field. Following the completion of the course, students will be able to analyze and comprehend the recent developments in global markets and new business matters. Some of the underlying topics elaborated are the models of international business activities (import / export, foreign investment, licensing, franchising, etc.), international markets and international business centers, and the role and impact on the internationalization of business. The course also explores the role of national culture and corporate social responsibility in international business. Particular emphasis is given to the management of international business, the internationalization strategies of multinationals and the role of the subsidiaries and human resources.

7th sem. 

5 ECTS

4h

THE ECONOMICS OF HEALTH AND INSURANCE

 

A. Vozikis

The first part of this course demonstrates how basic micro and macro-economic concepts, principles, and theories can be used to think about and illuminate various health care issues. Rather than focus on a few current health care problems, attention is directed toward any array of health related topics. Students are provided with a set of economic tools to evaluate a theoretical or empirical argument relating to health or medical care. This part of the course culminates with an in-depth analysis of the structure, conduct, and performance of the Health Care System in Greece for physician, hospital, pharmaceutical, and long-term care services. The second part of this course aims to provide students with basic knowledge in general, life, health, and pension insurance both in commercial and social aspects. Topics include: market analysis of the Private Insurance sector in Greece, Greek social security system characteristics and problems, economics of life and health insurance, nature of life, health and pension insurance, types of life insurance policies, life and health insurance contract analysis, organization of commercial and social insurance framework, laws and regulations of life, health and pension insurance,  etc.

7th sem. 

5 ECTS

4h

ECONOMICS OF INNOVATION

 

K. Drivas

This course will introduce students to the role of innovation in the economy. In addition, through the use of mathematical models and diagrams, students will be taught the main models in the scientific field of economics and management of innovation. A further purpose of this part of the course is to prepare students for postgraduate studies so as to gain knowledge how economic problems are modelled via mathematical tools. Students will also learn how firms and organizations acquire and manage intellectual property rights both in Greece and globally. Finally, students will be taught how empirically they can quantify relationships and interpret economic phenomena in the area of ​​innovation and technology.

7th sem.

5 ECTS

4h

MONETARY THEORY

 

C. Kottaridi

Money plays a crucial role in modern economies. Monetary Theory aims at studying the fundamentals of money as well as the effects of monetary institutions and policies on important economic variables within the theories of demand and supply of money. The course discusses recent developments in monetary theory (neoclassical synthesis, monetarists, neo-Keynesian theory).  The following list includes some of the major topics covered:

Monetary policy and financial institutions

Money demand

Money supply and the role of the banking sector

Monetary transmission mechanisms

Bank runs

Phillips curve

8th sem.

6 ECTS

4h

BUSINESS STRATEGY

 

Y. Pollalis

Unlike other business courses that concentrate narrowly on a particular function or piece of the business—accounting, finance, marketing, production, human resources, or information systems, strategic management is a big picture course. It cuts across the whole spectrum of business and management. The center of attention is the total enterprise–-the industry and competitive environment in which it operates, its long-term direction and strategy, its resources and competitive capabilities, and its prospects for success. One thing you may be asking yourself is “Why is this stuff important to organizations and, even more directly, why is it important to me?” One of the most significant reasons it’s important to understand strategic management is that whether an organization’s employees manage strategically does appear to make a difference in how well the organization performs. The most fundamental questions in strategy are why firms succeed or fail and why firms have varying levels of performance.  Another reason for studying strategic management is that organizations of all types and sizes continually face changing situations/environments which make it a real challenge to cope with uncertainty. Thus, the strategic management & planning process “forces” organizational employees to examine all the important aspects of a situation and determine the most appropriate strategic decisions and actions. Finally, strategic management is important because an organization is composed of diverse divisions, functions, and work activities that need to be coordinated, aligned and focused on achieving the organization’s goals.  In simple words, strategy identifies the overall direction of an organization. 

8th sem.

6 ECTS 

4h

INTERNATIONAL FIRMS AND INVESTMENTS

 

S. Karkalakos

P. Pantelidis

Capital flows and competitiveness are interrelated through the financial markets and economic regulations. The main purpose of this course is to study the financial interactions of corporations and governments given the economic constraints and regulations. Moreover, the distribution of financial activities affects investment analysis and decisions. Finally, Foreign Directed Investments are examined at both local and aggregate level.

8th sem

5 ECTS

4h

HISTORY OF ECONOMIC THEORIES

 

K. Drivas

The course teaches students basic concepts of the History of Economic Thought. The main purpose of this course is to acquaint students with the evolutionary course of economic analysis in order to understand how new modern theories have been designed. Students will also have a critical view of how future theories and findings are related to existing theories and how much they support or disagree with them. After successfully completing the course, students are expected to be able to understand the evolutionary course of the development of economic thought. They will also gain an overview of the contribution of the great economists of the past in building modern economic analysis. Finally, they will be able to analyze any modern economic problems from the perspective of various schools of economic thought and whether these arguments can be applied to the problems under consideration.

8th sem. 

5 ECTS

4h

SPECIAL TOPICS IN MACROECONOMICS

 

C. Economidou

The course Special Topics on Macroeconomics is a specialized course, which develops advanced aspects of the ‘Macroeconomics’ track. Sound knowledge of Macroeconomics, Mathematics, Econometrics, and Principles of Growth is assumed. The aims of this course are to: (i) familiarize students with the basic analytical frameworks used in modern (dynamic) macroeconomics; (ii) provide students a solid foundation in postgraduate studies in macroeconomics. Topics which are covered are expectations, open economy topics and macroeconomic pathologies. There are no exams. Instead, studies must write a term paper which consists of data selection, model estimation (with Stata) and 20 minutes presentations of their econometric analysis in class.

8th sem.

5 ECTS

4h

ECONOMICS OF INEQUALITY AND POVERTY

 

M. Chletsos

Economic and social inequalities are a key issue in both economic and political science. In recent years, we saw the widening of both economic inequalities and poverty and the emergence of new inequalities, particularly social inequalities. The way in which the state affects economic inequalities and poverty differs not only between developing and developed countries, but also between developed countries. The purpose of this course is to highlight new economic and social inequalities and poverty, to explore the factors that affect these inequalities and poverty, to analyze the relationship between economic growth and inequality and poverty and to interpret how the state intervenes and reduces economic and social inequalities and poverty.

8th sem.

5 ECTS

4h

 Note: Erasmus students are highly advised to consult, in advance, the instructor of the course(s) they aim to follow. Courses of level "I" and "II" are "principles" and "intermediate" level courses, respectively. For any further clarification, please, contact the Erasmus coordinator, Ass. Prof. Kyriakos Drivas (