• Studies in Economic & Business Strategy
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Courses of the third term are divided in compulsory and elective. Besides the compulsory courses students are asked to make a choice of two elective courses.


Economic Strategies and Competition Policy (C)   D. Yannelis
Business Strategy & Policy: Theory & Applications (C)   Y. Pollalis
Research Methods in Economics (Ε)   C. Economidou
International Finance: Theory and Practice (Ε)   K.Eleftheriou - C.Kottaridi
Banking and FinTech (Ε)   Μ. Psillaki
Entrepreneurship and Innovation Management (Ε)   Ir. Fafaliou
Corporate Resource Planning And Logistics (Ε)   S.Karkalakos
Transport and Maritime Economics (E)   E. Sambracos
Health economics, health care evaluation and policy (E)   M.Raikou
Strategy in the Network Economy (E)    


Third Term Course Description


Economic Strategies and Competition Policy
D. Yannelis

It is well known that maximization of welfare is attained when markets behave competitively. However, in practice these markets are almost non-existent and behave in a monopolistic or oligopolistic manner. Therefore, firms tend to apply strategies and commercial policies that harm competition and the competitive process. Regulation, either in ex ante or ex post form (known as competition policy) is therefore, necessary so as allocative and productive efficiency are achieved. Even when markets are deregulated or liberalized as in telecommunications, energy, transport, gas, water supply and other industries, regulation is still necessary for the smooth transition to market liberalization. Furthermore, competition policy must protect competition and consumers by implementing the rules of competition law when firms exercise anticompetitive behavior such as cartel formation or abuse of dominant position. The course deals with the anticompetitive strategies that apply in all sectors of the economy and the protection of competition and the application of antitrust rules. The economic and legal framework will be examined and case studies will be analyzed that deal with the abuse of dominant market power, collusion and concerted practices, mergers and acquisitions and any anticompetitive behavior that violates competition law. Examples will be drawn from the Greek, European and the international markets.

Course Syllabus  


Business Strategy & Policy: Theory & Applications
Y. Pollalis

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 reasonsit’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.

Course Syllabus  


Research Methods in Economics
C. Economidou

This module presents a broader view, dealing with issues pertinent to all research in economics. The course includes a discussion of: literature reviews and data sources; the status and growth of economic knowledge; the ethics of economic research; and the overall design of a research project – aims, philosophy and methods, evaluating existing research, and writing up and disseminating findings. Along with the module, advanced econometric software will be presented.

Course Syllabus  


International Finance: Theory and Practice
K.Eleftheriou - C.Kottaridi

This course intends to familiarize graduate students with the theory of international finance and its applications to current policy issues. In this course, we will initially address the basic tools to understand what determines the flow of savings and investments across countries, e.g. inter-temporal trade and the current account, money and the balance of payments, the foreign exchange market and currency speculation – spot markets and forward contracts, arbitrage and international parity conditions, the purchasing power parity and the real exchange rate.  We will then cover applications to a number of topics of current interest and their effects on international business strategy. These include the role of Central Banks in complicated financial environments with emphasis on response actions of the FED and ECB, current challenges that relate to bubbles, zero interest rates and the evolvement of the global financial system, while particular emphasis will be placed on financial crisis historically discussing the involvement of the IMF as well as the recent financial crisis of 2007-2009 discussing the financial architecture in the years before and the road ahead. 

Course Syllabus  


Banking and FinTech
Μ. Psillaki

This course will examine the role banks play in the global financial system. We will look carefully at how banking has evolved, what the key risks and opportunities, what some of the challenges have been during the recent financial crisis and take a look at what is facing the banking industry over the next few years. The class will feature case studies and Instructor-led discussions as the key teaching tools. Each class period will be devoted to a different topical issue.

The overall objective of this course is to analyze the role of banks in the financial system, in order to be able to understand the challenging issues and opportunities confronting bankers now and in the future. You will also gain industry and technical finance knowledge, as well as fine-tune your research, speaking, presentation and group collaboration skill sets. When you complete the course you will be able to understand: (i) how government policy impacts the behavior of banking firms; (ii) how bank performance can be measured; (iii) how banking firms make money and how this has been changing over time; and (iv) how the key risks of managing assets and liabilities are both quantitatively and qualitatively addressed. The course applies both traditional finance and strategic management concepts to the effective management of banks. The emphasis will be on developing a toolkit to identify and solve problems facing not only banks, but also other financial services firms.

Course Syllabus  


Entrepreneurship and Innovation Management
Ir. Fafaliou

This course introduces the students to the systematic processes of the innovation management, new venture creation, and entrepreneurship. It focuses on the challenging and important issues of the entrepreneurial life cycle associated with recognizing, launching, growing and valuing new business ventures. The Entrepreneurship and Innovation Management course is designed for the study of all aspects of starting and running a new venture and for this reason it applies to all organizational forms such as established large companies, small and medium sized enterprises, and startup firms. Entrepreneurship and Innovation Management describes the framework conditions for entrepreneurship and analyzes the core factors required for successful innovative entrepreneurship. The course explores the analytical techniques needed to recognize emerging business opportunities, understand the various financing choices, apply valuation methodologies, screening a business idea, develop a marketable business plan, manage growth in a rapidly evolving environment, and successfully capitalize the value of a business. Students also identify their potential for creating a business or marketable product/ idea.
Using tools and techniques of business models and business plans, Entrepreneurship and Innovation Management module makes students capable to assess firms’ present and future performance. Further, this module seeks to trigger students’ entrepreneurial spirit and develop their innovative skills for enhancing their entrepreneurial activity in the global economy.

Course Syllabus  


Corporate Resource Planning And Logistics

The creation of customer value is a key issue of competitive advantage. At the firm level, the design of the value chain is closely linked with the management of a supply chain. An effective supply chain must be configured to deliver customer value while also maintaining crucial cost advantages. To minimize system-wide costs, firms increasingly rely on new tools for modeling the full supply chain to integrate the firm’s logistics and operations. This course introduces students to the concept of value-driven supply chains and its integration with manufacturing and process operations.

Course Syllabus  


Transport and Maritime Economics
E. Sambracos

In this course, the methodology and the practice of the Maritime and Transport sector are analyzed. The main topics of this course are the following: Demand and Supply in maritime and transport services, Long and Short Shipping Cycles, Elasticities in Transport Market, Cost in transport and maritime services, Pricing in transport market. Internalisation of external cost, Chartering and Shipping Finance, Investment Evaluation. Methodology of Transport Appraisal. Cost Benefit Analysis, Multicriteria Analysis, Case studies.

Course Syllabus  



Health economics, health care evaluation and policy

The general aim of this course is to introduce the students to the tools of economics as applied to the health care sector as an aid to decision making and resource allocation within the health care sector. The course covers the principles of risk and insurance, explores specific issues within a range of health care systems and discusses challenges to health care reform. The course intends to explore these economic issues of health policy at an advanced intermediate level. All concepts will be introduced and explored in lectures and classes and no previous knowledge except some “introductory” level knowledege in microeconomics is required.

This course is an introduction to health economics and policy. The course draws simultaneously on economic questions regarding insurance and information, competition and choice, and equity and efficiency in the delivery of health care. Analysis of health system organisation as it impacts on these issues will also be addressed. A mixture of theory and applications will be pursued. The fundamental course objective is to provide an introductory understanding of the issues that arise in reforming and financing health care and in organising health care markets.

Course Syllabus


Strategy in the Network Economy
M. Tselekounis

This course initially introduces students to the basic principles of network economics. Its ultimate goal is to provide a sound understanding of the strategic decisions made by firms that adopt the platform business model and create online networks.

The significance of network economics for shaping business strategy is justified by noting that 9 out of 10 most valuable companies in the world operate in network industries. In addition, the top five most valuable firms are all tech giants (Apple, Google-Alphabet, Microsoft, Amazon and Facebook) which adopt the platform business model and its digital strategies in order to remain competitive. Other up-and-coming companies, such as Airbnb and Uber, serve as platforms creating online networks that facilitate digital interactions between people.

The success of these firms is mainly attributed to the managerial decisions made from a network point of view. The building block of such decisions is the strategic analysis of the characteristics that make network goods differ from the conventional ones, namely: (i) network externalities; (ii) complementarity, compatibility and standards; (iii) switching cost and lock-in effects; and (iv) significant economies of scale in production.

Course Syllabus


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