The Degree in Economics is a standard economics program, similar to those offered by many international universities. It provides a solid background in economics that prepares students who wish either to continue their studies in economics or to specialize in disciplines such as accounting, finance, administration, etc.

Purpose and objectives of the programme
  1. To prepare students for the needs of the labour market by providing a solid background in economic theory and econometric analysis, specialized knowledge in various fileds of economics, and practical skills in research and analysis.
  2. To give students the ability to pursue postgraduate studies in leading US and European graduate universities, either in professional or in research programs.
Key Learning Outcomes
    The program's graduates will.
  1. Have a solid background in economic theory.
  2. Comprehend the main issues tackled by contemporary economics.
  3. Be able to reason with economic arguments about topics of an economic nature or issues of more general interest.
  4. Acquire skills in collecting, managing and analyzing data and conducting sound economic research.


To graduate with a Bachelor Degree in Economics – Direction: International and European Economic Studies, students must complete at least 240* ECTS. In addition, the following requirements must be fulfilled:

  1. At least 131 ECTS must be from the Department of Economics (course codes ECO) from which 89 ECTS refer to compulsory courses (ECO111, ECO112, ECO113, ECO121, ECO211, ECO221, ECO222, ECO223, ECO251, ECO252, ECO253, ECO397, ECO497) and restricted elective ECO courses (7 courses X 6 ECTS = 42 ECTS). At least 4 courses of the 7 courses must be chosen from the below list.
  1. 2. At least 20 ECTS must be unrestricted elective courses. These courses have to be taken from at least three different Schools of the University. Students are entitled to attend Sport courses up to 6 ECTS. Regarding foreign language courses, only one first-level foreign language course can be counted as an unrestricted elective course, unless the student has also succeeded in the second level, in which case both levels will be counted as unrestricted elective courses.
  1. At least 6 ECTS must be from a list of specific courses from the Department of Social and Political Sciences (SPS).
  1. At least 6 ECTS must be from a list of specific courses from the Department of Law (LAW).
  1. At least 5 ECTS must be from a list of specific courses from the Department of History and Archaeology (HIS).
  1. At least 18 ECTS must be from the Departments AFN/BPA/HIS/LAW/SPS. From the Department of Accounting and Finance (AFN) and from the Department of Business and Public Administration (BPA), students can choose any courses. From the Departments HIS, LAW and SPS students can choose courses from the lists below.
  1. At least 15 ECTS from English Language courses (LAN 100, LAN 101, LAN 209).
  1. At least 15 ECTS from courses of another foreign language (3 levels required, spread over 3 semesters).
  1. 24 ECTS must be come from courses MAS 001, MAS 061 and CS 003, CS032 which students attend during the first year of studies.

* If the sum of the minimum ECTS of the above requirements is less than 240 ECTS, one more course should be taken from requirements 1-6 in order to complete at least 240 ECTS that are required for the degree.

Indicative academic program per semester

Semester 1 ECTS
ECO 111 Principles of Microeconomics 7
MAS 001 Mathematics I 6
MAS 061 Statistical Analysis 6
CS 003 Computer Science and Information Systems 6
LAN 100 General Advanced English 5
Semester 2
ECO 121 Principles of Macroeconomics 7
ECO 112 Application of Quantitative Methods in Economics (MAS 061) 7
ECO 113 Mathematics for Economists I (MAS 001) 7
CS  032 Introduction to Computer Science & Information Systems 6
LAN 101 Academic English 5
Semester 3
ECO 211 Microeconomic Theory (ECO 111) 7
ECO 221 Macroeconomic Theory (ECO 121) 7
ECO 222 Introduction to Econometrics (ECO 112) 7
ECO 223 Mathematics for Economists II (ECO 113) 7
Semester 4
ECO 251 Topics in Microeconomics (ECO 211) 7
ECO 252 Topics in Macroeconomics (ECO 221) 7
ECO 253 Econometric Methods (ECO 222) 7
LAN 209 Advanced English for Global Communications 5
  1 Elective Course* 5-6
Semester 5
  4 Restricted Elective Courses ECO (4X6 ects) 24
  1 Restricted Elective Course HIS 5
Semester 6
  3 Restricted Elective Courses ECO (3X6 ects) 18
  1 Restricted Elective Course LAW/SPS 6
LAN Language – Level 1 5
Semester 7
ECO 397 Research Methods in Applied Economics I (ECO 112, ECO 211, ECO 221) 6
  2 Restricted Elective Courses AFN/BPA/HIS/LAW/SPS (2X6 ects) 12
  1 Restricted Elective Course LAW/SPS 6
LAN Language – Level 2 5
Semester 8
ECO 497 Research Methods in Applied Economics II (ECO 397) 6
  1 Restricted Elective Course AFN/BPA/HIS/LAW/SPS 6
  3 Elective Courses (3X5 ects) 15-18
LAN Language – Level 3 5
Note: Courses in brackets are prerequisites

*Unrestricted elective courses can be any course offered by any other department of the University but must come from three different faculties.