Economic Theory IΙ


Undergraduate level | 2nd semester | Compulsory Unit | ΟΚ0101


Credit Units ECTS: 5 

Teaching Hours (Weekly): 3   

Course Type: General Knowledge

Prequisites: -- 

Teaching and Examination Language: Greek

For Erasmus students study course and exams are offered in English.

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Course Material

Introduction. Macroeconomic indexes. Principles of Macroeconomics. Consumption. Saving. Investments. Public sector, Income and Aggregate demand. Money supply and demand. Total output and demand. Inflation. Employment. Unemployment. Phillips Curve. Fiscal policy. Monetary policy. Introductions to IS-LM models.

Learning Outcomes

On the completion of the course post graduate students are expected:

  • gain overall knowledge for the analysis of key macroeconomic aggregates
  • to investigate the macroeconomic balance of the economy in accordance with the Keynsian and the Classical model.
  • examine the stabilizing role of the state in conjunction with the effects of fiscal and monetary policy on the economy.

General Skills

The course aims at developing the following skills :

  • Enhancement of professional skills related to the functioning of the macroeconomic system.
  • Search, analyze and synthesize data and information, using the necessary information for the development of economic theories.
  • Growth of students' research dynamics in macroeconomic policy.

Learning and Teaching Techniques - Evaluation 

Teaching Methods: Face to face

Use of ICT:Use of ICTs during teaching, use of asynchronous tele-education platform for distant education and communication with postgraduate students, contact through e-mail.

Course Organization:

ActivitySemester Work Load
Lectures 35
Study and Literature Review 50
Practical Issues 40
Total 125

 Assessment Methods:

Students’ assessment is based on:

  • Written examination, which provides students with the 60% of the final overall grade, takes place after the completion of the course period,
  • Writing of a scientific essay, based on a systematic and organized bibliographic review, whose score corresponds to 20% of the final total grade and
  • Exercise comprehension curricula that corresponds to 20% of the final total grade.

The abovementioned criteria are described to the students during the first teacher-student meeting, and are displayed in the e-class website throughout the semester.

Suggested literature

  • Introduction to Economics, Begg, D., Volume b΄, Kritiki Publications, Athens 2006 (in Greek).
  • Parkin, M. Powell, M. K. Matthews, Principles of Economics, Kritiki Publications, Athens 2013 (in Greek).
  • Palaiologos, G., Μ. Polemis, Microeconomic Theory: Markets structure and competition, Stamoulis Publications, 2016 (in Greek).
  • Κottis, A., G. Kottis, Modern Macroeconomics. Benos Publications, Athens 2000 (in Greek).
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