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First Term Course Description


Managerial Economics
P. Pantelidis

Managerial Economics applies economic theory and methods to business and administrative decision making. Because it uses the tools and techniques of economic analysis to solve managerial problems, managerial economics links traditional economics with the decision sciences to develop vital tools for managerial decision making. The value of managerial economics can be appreciated by examining its prescriptive and descriptive components. Managerial economics prescribes rules for improving managerial decisions. It tells managers how things should be done to achieve organizational objectives efficiently. Managerial economics also helps managers to recognize how economic forces affect organizations and describes the economic consequences of managerial behavior. Managerial economics is different from microeconomics. Whereas microeconomics is largely descriptive (that is, it attempts to describe how the economy works without indicating how it should operate), managerial economics is largely prescriptive (that is, it attempts to establish rules and techniques to fulfill specific goals). For example, microeconomics is concerned with the way in which computer manufacturing like IBM price their products, while managerial economics is concerned with how they should price their products.

Course Syllabus  


Business Statistics
Ch. Agiakloglou - S. Karkalakos

The current course will provide a thorough presentation of quantitative methods used in Economics/Finance to empirically identify the behavior of many economic/financial issues. Indeed, every economic/financial issue consists of two major parts: a) the theoretical and b) the empirical part. The theoretical part describes how the phenomenon is expected to behave, whereas the empirical part tries to verify its behavior in practice using real data. Clearly, every part has its role and its contribution in Economics/Finance, but without quantitative analysis it is impossible to verify the validity of economic/financial theories. Thus, this course is very important because it will help students to understand how quantitative analysis works in Economics/Finance in terms of analyzing data and estimating linear relationships between several variables. The tools students will learn in this course will allow them to analyze financial data and derive policy conclusions.

Course Syllabus  


Macroeconomic Environment and the Firm
D. Yannelis - C. Economidou

Macroeconomics is the study of the economy as a whole. It examines how basic aggregate magnitudes, such as total production, employment, consumption and investment are determined in an economy, which is affected by economic and political decisions in the rest of the world. It examines the problems of inflation and unemployment trying to provide answers. Furthermore, it studies the factors and the paths that lead to economic growth and prosperity.

Course Syllabus  


 Managment of Financial Resources

The course aims at providing a sound understanding and appreciation of the principles of corporate finance. The course describes both the theory and practice of financial decision making by corporations, and shows how financial theory can be used to address practical problems and illuminate institutional aspects of the financial world. The course will emphasize the valuation of financial assets in a risk-return framework, and will help you understand how capital markets operate. Specific topics to be covered include the concept of the time value of money, net present value (NPV) and its application to capital budgeting investments, portfolio theory and the CAPM, market efficiency, derivatives and applications, and financial policy. Certain topics will also be covered through EXCEL spreadsheet applications.

Course Syllabus  


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