{"id":9657,"date":"2025-10-31T14:36:56","date_gmt":"2025-10-31T12:36:56","guid":{"rendered":"https:\/\/www.econ.uoa.gr\/?post_type=course&#038;p=9657"},"modified":"2026-04-17T14:31:33","modified_gmt":"2026-04-17T11:31:33","slug":"eco494-modern-greek-economy-semester","status":"publish","type":"course","link":"https:\/\/www.econ.uoa.gr\/en\/course\/eco494-modern-greek-economy-semester\/","title":{"rendered":"ECO494 - Modern Greek Economy (semester 8th)"},"content":{"rendered":"<p><b>\u039c\u03ac\u03b8\u03b7\u03bc\u03b1: \u03a3\u03cd\u03b3\u03c7\u03c1\u03bf\u03bd\u03b7 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ae \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1<\/b><\/p>\n<p><b>\u039a\u03c9\u03b4\u03b9\u03ba\u03cc\u03c2: ECO494<\/b><b>\u00a0<\/b><\/p>\n<p><b>\u0395\u03be\u03ac\u03bc\u03b7\u03bd\u03bf: 8<\/b><\/p>\n<p><b>\u0394\u03b9\u03b4\u03ac\u03c3\u03ba\u03c9\u03bd: \u0393. \u0391\u03c1\u03b3\u03b5\u03af\u03c4\u03b7\u03c2<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Course Objective<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The aim of the course &quot;Modern Greek Economy&quot; is to analyze the main characteristics and structural weaknesses of the Greek economy in recent decades, with emphasis on the correlation between the macroeconomic system, productive structure, financial system, labor market and social inequalities. The course aspires to provide a critical understanding of how the Greek development model was formed, what its weaknesses and challenges are, how it affects social relations and what are the conditions for its transformation into a sustainable development model.<\/span><\/p>\n<p><b>Specific\/Sub-Goals<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Students should understand the basic phases of Greek economic development (post-war development, post-revolution, EU\/EMU accession, 2009\u20132018 crisis, post-memorandum era).<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Recognize the relationships and dynamics between macroeconomic policy, the production system, the financial sector, the labor market and social cohesion.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">To link the evolution of the production system with industrial strategy (or lack thereof) and its impacts.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">To understand the functioning of the financial system (banking sector, private debt, lending) and its impact on macroeconomic choices and the exercise of economic policy.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">To explore the role of the labor market and its institutions (collective bargaining, minimum wage, flexibility) in shaping inequalities.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">To realize that economic policy is not neutral but produces social and economic power relations.<\/span><\/li>\n<\/ul>\n<p><b>Suggested Learning Outcomes<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Upon completion of the course, students will be able to:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">analyze the basic characteristics and prospects of the Greek economy<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">recognize the interconnection of macroeconomic policy, the production system, financial markets and the labor market.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">critically interpret institutional reports on the Greek economy with awareness of their assumptions and ideological bases.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">understand how social inequalities are shaped and reproduced through economic policy and the structure of the Greek economy.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">they compose arguments for alternative strategies for growth, employment and reducing inequalities.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">develop the ability to critically correlate empirical data (macroeconomic indicators, reports, statistics) with theoretical and political interpretations.<\/span><\/li>\n<\/ul>","protected":false},"parent":0,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":""},"course-type":[67,91,86],"semester":[85],"class_list":{"0":"post-9657","1":"course","2":"type-course","3":"status-publish","5":"course-type-eleftheris-epilogis","6":"course-type-91","7":"course-type-86","8":"semester-85"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course\/9657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course"}],"about":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/types\/course"}],"wp:attachment":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/media?parent=9657"}],"wp:term":[{"taxonomy":"course-type","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course-type?post=9657"},{"taxonomy":"semester","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/semester?post=9657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}