The Department


The Department of Economics and Regional Development was founded in 1989. It offers undergraduate, Masters, PhD and Post-Doctoral programs. It is one of a number of Economics Departments in Greece and its graduates are registered with the Greek Chamber of Commerce. The Department seeks to promote a broad and deep understanding of Economics and of Regional Science. The educational and theoretical philosophy of the Department is based on the view that an understanding of economics is complex and made up of: at a micro level – the consumer, the producer, the entrepreneur, and the state; and at a macro level, the open or closed economy, fiscal and monetary policy, international trade. The goals of the Department and the range of Courses offered are based upon two parallel and complementary subject areas: Economics; and Regional Science. The first academic field – Economics, provides students with an overall theoretical and applied knowledge in all the basic areas of Economics which are taught in economic departments: Microeconomic Theory; Macroeconomic Theory; Public Finance and Fiscal Policy; Economic Development and Growth; Monetary Theory and Policy; International Economics; Industrial Organization; Economic Policy; Labor Economics; and The History of Economic Analysis; etc. The field of Regional Science provides students with specialized knowledge in the field of Regional Science, in the broadest sense, with the basic subject areas of: Urban and Regional Economic Policy; Location Models of Productive Activities; Transportation Economics; Environmental Economics; Spatial Planning; City Planning; Cultural Development; Economic and Urban Geography; the Institutional Framework of Regional Development; Regional Government, etc. These two subject fields are reinforced by a third, which concentrates on theoretical and applied quantitative methods of economic analysis and quantitative tools and methods. More specifically, the basic subject areas are: Mathematics; Statistics; Econometrics; Quantitative Methods of Economic Analysis; and Computer Science, and on specialized quantitative methods of analysis which are applied to issues of economic and regional science. As the experience of our graduates has demonstrated, the material taught at the undergraduate level provides broad and well-grounded possibilities for our students either to work in the private sector to continue their studies.


For more than 20 years, the Department of Economics and Regional Development has offered a specialized Master’s Degree program which leads to a Master’s degree, or to the writing of a doctoral thesis. The program fully covers all the fields of regional development and applied economics and management. It includes a combination of theoretical and applied fields, chosen to respond, both to the research and academic interests of the candidates who wish to continue on to doctoral studies. Ninety (90) credits (ECTS) are required to complete the Master’s Program. It is an interdisciplinary program to which graduates of other Universities and the National Technical Universities of Greece and abroad are accepted following an evaluation procedure. The Master’s Program awards a specialized degree which is entitled “Applied Economic and Regional Development”
The program has two fields of specialization:
1.Applied Economics and Management
2.Urban & Regional Development, with two sub-fields:
a. Regional & Local Development
b. Real Estate


The Doctoral Program of the Department has a long and successful record. Upon completion of the program, the doctoral candidate receives a PhD degree.
The Masters’ Program and the PhD program provide graduate courses, seminars, lectures, as well as collaboration with other universities and research centers, in addition to research projects through which the candidates acquire knowledge and experience in the fields of: economic science, management, and regional science.
Post-Doctoral Program
The Department supports Post-Doctoral research on subjects related to the fields of the Department, under the direction of the teaching and research staff. It provides the facilities for research and collaboration. The progress of this research is monitored though the Post-Doctoral Program.


Graduates of the Department of Economic and Regional Development are able to work in both the private and the public sectors. They are entitled to membership in the Greek Chamber of Commerce, and they thereafter have all the professional rights of an economist. In addition, they are entitled to join the Association of Greek Regionalists, through which they acquire official recognition of the specialization of Regionalist. In the private sector, graduates of the department work in Greek and International Banks (JPMorgan, Morgan Stanley, Credit Suisse, etc.), in domestic and international consultant companies (KPMG, PwC, Delloite, etc.), as independent researchers, and as executives in firms which undertake regional development studies at the local, regional, and sectoral levels. In the public sector, graduates of the department are able to work as executives in the Central Administration (in Ministries) and in Public Corporations and Organizations as well as in Local Administration (Municipal and Regional) and in the Decentralized Regional Administration. Their work focuses on subjects related to the economy, loans, development, national and regional planning, the policies of the European Union, and so on. They are also qualified to teach political economy in secondary schools. Finally, the completion of undergraduate and graduate studies in the Department broadens our graduates’ horizons, as they are able to compete for positions in the European Union and in international organizations which are concerned with economic issues and with development on the international, national, regional, or sectoral level.


The Department of Economic and Regional Development:
– offers an innovative, and contemporary academic field that is unique in Greece
– embodies a contemporary, interdisciplinary understanding of economic and regional development
– provides a new dimension in its approach to Economic and Regional science and analysis
– has adopted a top down economic analysis (from a national or international analysis of the economy to domestic and regional analyses) as well as a bottom up approach (from regional , to domestic, to international analyses)
– has adopted an educational and theoretical ‘philosophy’ based on the idea that economic and regional science is a process of decision and choice making on the part of individuals, groups and the state who are well informed concerning: scarce resources; the geographical space; and the international economic environment. Thus they able to undertake the most effective possible management of those resources.
– offers a Program based upon two complementary academic fields – economic development and regional science – which provide a high value added to the students.
The first field provides students with an overall consolidation of all the basic subjects in Economics: Microeconomic Theory; Macroeconomic Theory; Public Finance and Fiscal Policy; Development Economics; Industrial Organization; Economic Policy; International Economics; Labor Economics; Monetary Theory and Policy; the History of Economic Analysis, and so on.
The second field provides students with specialized knowledge in the field of Regional Science, in the broad sense of the term, with the basic subject areas of: Location Models of Productive Activities; Transportation Economics and Policy; Environmental Economics; Spatial Economics; City Planning; Cultural Development; Urban and Economic Geography; The Institutional Framework of Regional Development; and so on.
These two fields are reinforced by a third which is dedicated to quantitative and related analyses of development issues, with the basic subject areas of: Mathematics; Statistics; Computer Science; Econometrics; and other quantitative methods of analysis which have particular applications in the analysis of issues of urban and regional development.
The knowledge provided in the undergraduate program provides our graduates with the necessary theoretical background and the technical skills that allow them to continue their studies at a graduate level in our Department or in any other department of economics in Greece or abroad.