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Erasmus Undergraduate Program

Το Τμήμα συνεργάζεται με Πανεπιστήμια του Εξωτερικού στα πλαίσια του Προγράμματος Σωκράτης/Erasmus. Παρέχεται η δυνατότητα στους φοιτητές του Τμήματος να μετακινηθούν στα συνεργαζόμενα Πανεπιστήμια και να φοιτήσουν εκεί κανονικά για ένα εξάμηνο έχοντας συγχρόνως μια δυνατότητα αναγνώρισης των μαθημάτων εκείνων στα οποία θα εξετασθούν επιτυχώς.

Οι αιτήσεις για συμμετοχή των Φοιτητών υποβάλλονται κατά το τρέχον ακαδημαϊκό έτος για τη μετακίνησή τους μέσα στο επόμενο έτος.

Κατάσταση μαθημάτων ιδρυμάτων εξωτερικού που αναγνωρίζονται από το Τμήμα.

Ενημέρωση-Οδηγίες Φοιτητών Erasmus για το Ακαδημαϊκό Έτος 2013-14

Πίνακας Συνεργαζόμενων Πανεπιστημίων Εξωτερικού

Οι ενδιαφερόμενοι Φοιτητές μπορούν να πάρουν περισσότερες πληροφορίες στη διεύθυνση:  http://www.interel.uoa.gr/socrates-erasmus/index.html και από τους ακαδημαϊκούς υπεύθυνους του Τμήματος Α. Φραγκουδάκη και Ευγ. Μπουρνόβα στα γραφεία τους, οδός Σταδίου 5, 2ος όροφος, τηλ. 210 36.89.439 & 210 36.89.395.

Για τους αλλοδαπούς Φοιτητές Πανεπιστημίων Εξωτερικού που φοιτούν στο Τμήμα προσφέρονται ορισμένα μαθήματα στην Αγγλική και Γαλλική γλώσσα όπως και σε μικρές ομάδες συνεργασίας με τους διδάσκοντες (tutorial).

Τα μαθήματα στην Αγγλική και Γαλλική μπορούν να τα παρακολουθήσουν και φοιτητές του Τμήματος.

Erasmus Courses in English for Erasmus scholars and students Academic Year  2012-2013

 

1. Public Finance

1rst semester

Tutor:  Mr. Vasilis RAPANOS

vrapanos@econ.uoa.gr

Public Finance is the branch of economics that studies the role of the public sector in the economy. The aim of the course is to provide an understanding of the reasons for government intervention in the economy, the extent of that intervention, and the response of private agents to the government's actions. The course goes on to study the fundamental concepts of market failures and distributive justice, public goods, externalities, public choice, the role taxation, and in particular the concepts of tax incidence, excess burden of taxation , and equitable taxation.

The main text is: Public Finance, by Harvey S Rosen and Ted Gayer, McGraw-Hill, 8th ed., 2008.

Two good alternative textbooks are:

Public Finance and Public Policy, by Jonathan Gruber, Worth Publishers, 2005.

Economics of the Public Sector, by Joseph E. Stiglitz,  3rd edition, 2000, W.W.

Norton.

The only prerequisite for this course is a good knowledge of  Microeconomics, at the level of a textbook, like Varian, Nicholson, etc.

 

2.     Labor Economics

2nd semester
Tutor:  Mrs Evangelia Papapetrou
epapapet@econ.uoa.gr

 

This course applies economic theory to the operation of the labor market. Special reference is given to the theory of labor supply, theories of labor demand, labor market equilibrium and the theory of compensating differences, human capital and education problems, labor market discrimination, labor unions and labor mobility.

 

Required Textbook: George J. Borjas (2007), Labor Economics, 4th edition, McGraw-Hill International Editions (referred to as Borjas).

Grading: One comprehensive final exam.

Optional work: Short class presentation. Topics will be suggested.

Course outline and reading list:

1.   Introduction Readings, Borjas, Chap. 1.

2. Labor Supply Readings, Borjas, Chap. 2, 3.

3.   Labor Demand Readings, Borjas, Chap. 4.

4.   Labor Market Equilibrium Readings, Borjas, Chap. 5.

5. Compensating Wage Differentials  Readings, Borjas, Chap. 6.

6. Human Capital  Readings, Borjas, Chap. 7.

7. Labor Market Discrimination Readings, Borjas, Chap. 10.

8. Labor Unions Readings, Borjas, Chap. 11.

9. Labor Mobility and Immigration  Readings, Borjas, Chap. 9.

 

Additional readings will be given in the course of the semester.

Other Texts for Reference:

(optional)

R.G. Ehrenberg and R.S. Smith, (2008), Modern Labor Economics: Theory and Public Policy, HarperCollins, N.York, 9th /e.

McConnell and Brue, (2005), Contemporary Labor Economics: Theory and Public Policy, McGraw-Hill ,7th /e.

 

3. International Economics, Theory and Policy

1rst semester

Tutor: Mrs. Nikolina Kosteletou

nkost@econ.uoa.gr

 

Syllabus

 

International Economics: what is it about?

(KO), chapter 1.

The Ricardian Theory of Comparative Advantage

(KO), chapter 3.

The Hecksher-Ohlin Theory of Comparative Advantage

(KO), chapter 4.

The Standard  Neoclassical Model and Growth

(KO) chapter 5.

International Trade and Policy Intervention: tariffs, quotas and export subsidies

(KO) chapters 8, 9.

The International Monetary System: Historical Background

(KO) chapter 18.

Optimum Currency Areas and the European Experience

(KO) chapter 20.

 

The textbook for this course is, International Economics: Theory and Policy, by Krugman and Obstfeld, 8th edition.

 

 

 

4.       European Economic History 20th Century

1rst semester.

Tutor: Mrs Eugenia Bournova

bournova@econ.uoa.gr

 

Course outline:

Europe’s laissez-faire system and its impact before World War I,

Decline of laissez-faire system and the rise of the regulated market system, war economy 1939-1945, European economic performance in 1950, economic dirigisme in authoritarian-fascist regimes, mixed economy and welfare state in an integrated post-World War II Western Europe.

Basic textbook: Ivan T. Berend, An economic history of twentieth-century Europe, Cambridge University Press, 2006.

 

 

5.  Managerial/ Business Economics:

1st semester

Tutors: Panayiotis Alexakis and Dimitris Kainourgios  dkenourg@econ.uoa.gr


Course Description:

Introduction to Managerial Economics (analysis of a firm, types
of firms, principal-agent problem, corporate governance, internal and
external environment, etc.), Business mathematics (time value of money,
discount interest rate, cash flows, etc.), Analysis of firms' costs,
Analysis of product demand (demand function, elasticities, market structure,
product diversification), Product pricing, Capital budgeting, Sources of  financing, Value of a firm, Corporate decisions under uncertainty and risk.

 

6.  Corporate Finance

2nd semester

Tutors: Panayiotis Alexakis and Dimitris Kainourgios  dkenourg@econ.uoa.gr

Course Description: Time value of money and stock/bond pricing (Present value,
Future value, Annuities), Capital budgeting (types of investments, Net
Present Value, Internal Rate of Return, etc.), Financial statements
analysis, Financial programming and control (Break even analysis, operating
and financial leverage, working capital, cash budget, trade credit, stocks,
optimal order point, cash flow cycle, short-term financing), Long-term
financing, Cost of Capital and Capital structure theories, Dividend policy,
Mergers and Acquisitions.

 

7. Introduction to Marketing

2nd semester

Tutor: Alexandra Fragoudaki

alexfrag@econ.uoa.gr

 

Course outline:

Basic Marketing Concepts. Marketing environment.  Marketing research. The Market / segmentation.  Consumer behaviour. The Marketing Mix: product and plc, distribution, promotion mix, pricing.

Basic Textbook:

Marketing Management, P. Kotler, Prentice Hall

 

8. History of economic thought

2nd semester

Tutor: Nicholas J. Theocharakis ntheocar@econ.uoa.gr

 

The course is given for the graduate students in the second semester of the doctoral programme UADPhilEcon, but Erasmus students can attend it.

 

Course description: General Methodology in Economics, Ancient Greek (Aristotle, Xenophon) and Scholastic Economic Thought, Mercantilism, W. Petty, J. Locke, D. Hume, P. Boisguilbert, R. Cantillon, John Law, Physiocrats, Adam Smith, David Ricardo, T.R. Malthus, J.S. Mill, Karl Marx and Marxist economic thought, A.A. Cournot, H.H. Gossen, Marginalist revolution (C. Menger, W.S. Jevons, L. Walras), Neoclassical economics (V. Pareto, F.Y. Edgeworth, A. Marshall, J.B. Clark, I. Fisher), JM Keynes, JA Schumpeter, M. Kalecki, General Equilibrium [Vienna Kolloquium & Arrow-Debreu], P. Sraffa, Modern developments.

The language of the course is English and examined by written exam and an essay on any subject approved by the tutor that may be in Greek, English, French, Italian or German.

Textbooks [one of]

Roger E. Backhouse, The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century. Princeton, NJ: Princeton University Press, 2002.

E.K. Hunt, History of economic thought: a critical perspective, 2nd updated edition, Armonk, N.Y.: M.E. Sharpe, 2002.

Ingrid H. Rima, Development of Economic Analysis, 7th Edition, London: Routledge, 2008.

Alessandro Roncaglia, The Wealth of Ideas: a History of Economic Thought, Cambridge, Cambridge University Press, 2005 [Also in Italian La ricchezza delle idee. Storia del pensiero economico, Laterza]

Ernesto Screpanti and Stefano Zamagni, An outline of the history of economic thought, Oxford: Clarendon Press; 2nd edition, 2005. [Also in Italian Profilo di storia del pensiero economico, Carocci].

 

Also readings of seminal texts.

 

 

 

 

9. Accounting I

1rst and 2nd semester

(financial accounting and financial statement analysis, 8 hours per week)

Tutor: Mr. Nikos Eriotis neriot@econ.uoa.gr

Aims and Objectives

This course provides the undergraduate with the fundamentals of financial accounting. Identifies the concepts and the methods of recording the business’s transactions in the General Journal, posting them in the General Lender and prepare the Trial Balance, the Income Statement and the Balance sheet of the firm. Additionally this course focuses on financial statement analysis and refers to trend, horizontal, vertical and ratio analysis.

 

Course outline

The course is comprised of two sections:

 

First Section

Financial Accounting

  • Basics of accounting
  • Accounting cycle
  • Accounting equation
  • Accounting and business transactions
  • Accounting period
  • Accounting records
  • Common errors in accounting
  • Inventory taking and stock taking
  • Adjustment entries
  • Accounts, “T” accounts
  • Trial balance
  • Income statement
  • Balance sheet
  • Opening and closing the accounting records of the accounting period
  • Accounting systems
  • Financial statements

 

Second Section

Financial Statement Analysis

  • Introduction to financial statements
  • Tools and techniques of financial statement analysis
  • Ratio analysis
    • Liquidity ratios
    • Activity ratios
    • Profitability ratios
    • Financial structure and viability ratios
    • Investment ratios

 

A) Text books

D. Vasiliou & N. Eriotis, “Principles of Financial Accounting”, Rosili, 2010, in Greek.

D. Ginoglou, P. Tahinaki, General Accounting, Rosili, 2009, in Greek.

N. A. Niarchos, “Financial Statement Analysis”, Stamoulis, 2003, in Greek.

D. Gika, “Analysis & uses of the Financial Statements, Benos, 2006, in Greek.

 

B) Adjacent Bibliography

C. Warren, J. Reeve, “Financial Accounting for future Business Leaders”, 1st edition, Thomson – South Western, 2004

C. Warren, J. Reeve, Ph. Fess “Financial Accounting” 8st edition, Thomson – South Western, 2004.

J. Wild, K. Subramanyam, R. Halsey, “Financial Statement Analysis” 8st edition, McGraw Hill, 2004.

G. White, A. Sondhi, D. Fried, “ The Analysis and Use of Financial Statements, 3rd edition, Wiley 2003

 

 

10. Accounting II

2nd semester (Advanced financial accounting, 8 hours per week)

Tutor: Mr. Nikos Eriotis neriot@econ.uoa.gr

Aims and Objectives

This course provides the necessary advanced accounting applied methods. In the first section we focus on the theoretical framework of financial accounting and the analysis of Assets, Liabilities and Shareholders’ equity. All the previous topics are delivered in accordance with the Greek General Accountancy Plan and the International Accounting Standards. In the last section, section two, we analyze the breakeven point, the working capital, the cash flow statements and present some case studies.

 

Course outline

The course is comprised by two sections:

 

First section

The theoretical framework of financial accounting

  • Analysis of accounting principles
  • Inventory
    • Types of inventory
    • Analysis of inventories, record and post inventory
    • Last-In-Last-Out and First-In-First-Out
    • Calculate the Gross Profit of the accounting period using cost of goods sold
  • Fixed assets
    • Types of fixed assets
    • Analysis, record and post fixed assets
    • Depreciation – Methods of depreciation
    • Fixed assets’ valuation
  • Securities
    • Types of securities
    • Analysis, record and post securities
    • Securities’ valuation
  • Current assets
    • Current assets’ accounts
    • Analysis, record and post current assets
  • Shareholders’ Equity
    • Accounts of shareholders’ equity
    • Analysis, record and post shareholders’ equity accounts
  • Liabilities
    • Long and short run liabilities
    • Analysis, record and post liabilities on local and foreign currency
  • Temporary and Memo accounts
  • Foreign Currency

 

Second section

Financial Statements Analysis: Special issues

  • Break even point analysis
  • Working capital
  • Cash flow statement
  • Comparative analysis of financial statements
  • Case studies

 

A) Text books

1)   D. Gika, “Financial Accounting”, Benos, 2008, in Greek.

2)   D. Heva, A. Balla “Financial Accounting”, Benos, 2008, in Greek.

3)   Ch. Vlahos, “International Accounting Standars”, volume A’ & B, Papazisis, 2009, in Greek.

4)   N. Eriotis, “Notes for the Greek General Accounting Plan”, lecture notes, 2008, in Greek.

5)   N. Niarchos, “Fianancial Statement Analysis”, Stamoulis, 2003, in Greek.

6)   D. Gika, “Analysis & uses of the Financial Statements, Benos, 2006, in Greek.

 

B) Adjacent Bibliography

T. Warfield, J. Weygandt, D. Kieso, “Intermediate Accounting, Principles and Analysis”, 2nd edition, Wiley 2007.

 

 

11. Accounting III

1rst semester

(Cost accounting & Corporate accounting, 8 hours per week)

Tutor: Mr. Nikos Eriotis neriot@econ.uoa.gr

 

Aims and Objectives

This course provides the undergraduate with the necessary applied corporate and cost accounting methods. Additionally the course introduces and analyzes the managerial and cost accounting principles, applications and budgeting.

The course is separated in two sections, where managerial and cost accounting (e.g. the relationship between managerial and cost accounting, cost accounting techniques, etc.) and corporate accounting, where various types of firms, are analyzed, accordingly.

 

Course outline

The course is comprised of two sections:

 

First Section

Managerial and Cost Accounting

  • The relationship between managerial and cost accounting
  • Basics of cost accounting (cost accounting users, the concept of cost accounting and its diversification from Outcome and Expenditure
  • Manufacturing Overhead
  • Cost accounting techniques (marginal cost ect.)
  • Cost accounting methods (byproduct, by production line and activity based costing)
  • Defective and waste products
  • Co-produced products ect.
  • Cost accounting and the Class 9 of the General Hellenic Chart of Accounts
  • Budgeting

 

Second Section

Corporate Accounting

Formation, Management, Taxation, Shareholders’ Equity, Changes in Shareholder’s Equity and Liquidation of all the types firms,

e.g.

  • Society Anonyme S.A. (corporation)
  • Limited Liability Corporation
  • Limited Partnership Company
  • General Partnership Company

 

Consolidation (Principles and methods of consolidation, operations of consolidation, the elements of consolidated financial statement, the equity method).

 

A) Text books

G. Venieris, S. Coen, M. Koletsi “Cost Accounting, Principles & Applications”, P.I. Publishing, 2003, in Greek.

D. Hevas, “Advanced Financial Accounting”, Benos, 2010, in Greek.

G. Venieris, S. Coen “Managerial Accounting”, P.I. Publishing, 2007, in Greek.

D. Ginoglou, “Corporate Accounting”, Rosili, 2006, in Greek.

 

B) Adjacent Bibliography

1) J. Weygandt, P. Kimmel, E. Kieso, “Managerial Accounting”, 4th edition Wiley 2008.

2) P. Kimmel, J. Weygandt, E. Kieso, “Financial Accounting, Tools for Business Decision Making”, 4th edition Wiley 2007.

 

13. Services marketing

2nd semester

Tutor: Mrs Alexandra Frangoudaki

alexfrag[at]econ.uoa[dot]gr

 

 

12. “Special issues in banking theory”

2nd semester Tutor: Apostolos Christopoulos, axristop@econ.uoa.gr

The scope of this course is to study the banking industry, which is undergoing a fast diversification in a deregulating environment of financial markets. The pros and cons of universal vs separated to commercial and investment banking are also discussed. Students will understand how the banking sector has been developed from a strictly regulated public sector till the early 1990s to the present status of a fully liberalized industry, competitive not only on a national basis but globally. Specific issues will cover the regulation of the banking system, emphasizing on Basel I and II and the current advancements due to the financial crisis of 2008. Other issues deal with the asset management of a banking institution based on the duration gap according to the predictions on interest rates. Students will understand how a dealer takes long and short positions on securities and how he/she valuates bonds and stocks. Malkiel’s theorems on bonds constitute an important part of the course in order to be able to explain how the characteristics of bonds are important for the impact of the dealers’ actions. Students will also learn how to use derivatives for hedging, especially futures and options. On the latter it is also shown how to hedge with specific strategies like bull, bear and butterfly.

 

Recommended books:

  • Shelagh Heffernan, (2005), Modern Banking, John Wiley & Sons, Ltd.
  • Frederic S. Mishkin, (2007), The Economics of Money, Banking, and Financial Markets, Pearson, Addison Wesley.
  • John Hull, (2008), Options, Futures and Other Derivatives, Pearson and Prentice Hall.

 

13. “The Political Economy of the EU’’

2nd semester Tutor: Tsakalotos E, tsakalot@econ.uoa.gr

The course develops some themes concerning European integration. In particular, we examine whether the form integration took can explain the crisis of 2008, and the difficulty that the EU has had in responding to that crisis. Below you can see some of the main themes to be covered.

 

  • Positive and Negative Integration
  • From the ERM to Monetary Union
  • The Growth and Stability Pact
  • European Financial Liberalization
  • The Lisbon Agenda and the Deregulation of Labour Markets
  • The Crisis of 2008 and beyond: macroeconomic imbalances, regional divergence and the sovereign debt crisis

 

Indicative reading list

 

De Grauwe Paul, The Economics of Monetary Union, Oxford University Press

Krugman, P (1993) ‘Six sceptical propositions about EMU’, Greek Economic Review, vol.15, no.1, pp.93-104

Eichengreen, B, Rose, A K and Wyplosz, C (1995) ‘Exchange Market Mayhem: The Antecedents and Aftermath of Speculative Attacks’, Economic Policy, no. 21, pp. 249-312.

Tsakalotos E (2001) ‘European Employment Policies: a new social democratic model for Europe?’ in Arestis P and Sawyer M (eds) The Economics of the Third Way, Edward Elgar.