& Regional Development

Department of Economic

Undergraduate Studies

The Department is one of a number of economics departments in Greece and its graduates are registered in the Greek Chamber of Commerce. The main goal of the Department is the acquisition of a broad and deep knowledge of economics and regional science. The subjects of study and research in the Department cover important historical and contemporary issues in economics such as: the theory of the consumer, the producer and the state; economic development; international economic crises and how to deal with them; the role of the state; international trade; international organizations and financial organizations; the organization of private and public institutions; the strengthening of entrepreneurship; the utilization of technology and innovation; the support of dynamic sectors; the activation of social capital; the analysis of social inequality; investigation of the role of urban centers, metropolises, and balanced regional development; familiarization with and use of mathematics, statistics and econometric methods and techniques.

The academics field of the Department are:

Economic Science: 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 Thought; etc.
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; Cultural Policy; Natural Planning; and Regional Policy of the EU.
Quantitative Analysis: the basic subject areas are: Mathematics; Descriptive and Inductive Statistics; Econometrics; Quantitative Methods of Economic Analysis; Methods of Regional Analysis, Cartography; Geographical Information Systems and the software of Statistical and Econometric applications.

Graduates of the Department of Economic and Regional Development have all the qualifications and skills which allow them to work in both the private and the public sectors. They are members of the Greek Chamber of Commerce and thereafter have all the professional rights of an economist, which entitle our graduates to compete for advertised regional economist positions in the Local Administration of the Public Service as well as in the broader public service within this field as members of working groups or undertaking research. In addition, they are entitled to join the Association of Greek Regionalists which is in the process of officially recognizing 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 work as executives in the Central Administration (in Ministries) and in Public Corporations and Organizations, Their work focuses on subjects related to development, national and regional planning, policies of the European Union; Local Administration (Municipal and Regional), and the Decentralized Regional Administration. Some of them pursue careers in Universities and research centers in Greece or abroad. 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.

Once an individual registers in a Greek university, he/she acquires official student status which comes to an end when he/she receives his/her degree. A student can defer his/her studies by making an application to the Department. This deferral must then be endorsed by a General Meeting of the Department. During the course of this deferment, the individual is no longer considered a student and all his/her rights and privileges as a student are rescinded. Student status can be re-acquired with another application to the Department by the interested party. Students have the right to use all the facilities and means with which the university is equipped in order to complete their education, in accordance with the regulations of the University and the Department, as well as the decisions of the appropriate body responsible. Given the conditions detailed below, students are entitled to:

1. Free textbooks and/or other teaching aids
2. Facilitation of their transportation (student tickets).
3. Full medical, pharmaceutical and hospital coverage
4. Free board
5. Housing
6. National Scholarships
7. Loans
8. Computer Laboratories

The above are also provided to students who transfer from universities abroad and within Greece, as well as to students who have graduated from universities abroad and are allowed to enter the program and begin in a specified term in accordance with a decision of the National Centre for Accreditation.
For the graduates of Universities, Technical Education Institutes and so on who register following placement exams and for top students from the Technical Educational Institutes who register without taking exams, there is no provision for transportation, national scholarships, or loans..

Student Services are provided for eight terms from the time of a student’s initial registration at the university. This is the period of compulsory attendance. The period over which students receive services can be increased by four terms (half of the compulsory attendance period), provided that the student does not receive his/her degree before this total period has expired. If student status is rescinded, it is not counted as part of this period. Some of the student service provisions still hold during military service (health coverage, board) and/or a serious illness (board).

Graduates of the Department of Economic and Regional Development have the possibility of employment in both the private and the public spheres. They are registered in the Greek Chamber of Commerce and have all the professional rights of an economist, as well as the right to participate in competitions for positions in the Public Sector in Economic and Administrative Services, as well as in Regional and Local Administration. Furthermore, they have the right of membership in the Association of Greek Regionalists, which is pursuing the recognition of Regionalist as a professional specialization.

The Internship Program of the Department is designed to help students acquire work experience in Greece. The interns are able combine theoretical knowledge from their studies with the practical application of that knowledge in work environments in related fields. The students have the opportunity to become familiar with work environments including: Greek enterprises; financial institutions; accounting offices; research centers; local government; Regional Planning agencies; and so on. In this way, closer and more permanent ties are created between the Department and the potential work places of our graduates. Internships last for three months. In the course of each academic year, two internship periods are available, one during the winter term and one during the spring term. Any student who has completed his/her second year of studies is eligible to take part in the Internship Program. However, students may participate only once during the course of their undergraduate studies. Participation is not compulsory, nor is it connected with the writing of a bachelor’s thesis. It is recognized as work experience and appears on the student’s transcript but is not calculated as part of the final average mark.

Click here to see the Study Guide 2020-2021

Courses Offered


8001 - Introduction to Regional Science

8003 - Introduction to Political Economy I

8006 - Introduction to Information Systems


8011 - Business Economics and Accounting

80109 - Mathematics ΙΙ

80110 - Economic and Urban Geography

80111 - Introduction to Political Economy ΙΙ


8008 - The Institutional Framework of Regional Development

8013 - Location Analysis


8021 - Public Finance: The Economic Functions of the State

8032 - Quantitative Methods of Economic Analysis

80112 - Macroeconomic Theory and Policy ΙΙ


8017 - Economic Development

8029 - Methods of Regional Analysis


8031 - Public Finance Theory and Policy Ι

ELECTIVE COURSES (EL) One (1) course to be chosen - TEACHING UNITS (HOURS): 4

8036 - Economic Law

This class will not be taught this year 2021-22

8062 - Cohesion Policy of the EU

8079 - General Accounting

80101 - Geographical Information Systems and Regional Analysis

80115 - Local Development: Theory and Policy

80142 - Maritime Spatial Planning

8024 - The Economic History of Urban and Rural Areas

This class will not be taught this year 2021-22

8083 - Introduction to Environmental Science


This class will not be taught this year 2020-21


8034 - Lecturer Labor Economics and Manpower Policy

Teaching Assignment from the NSRF (National Stategic Reference Framework)

8040 - Regional Economic Analysis

Teaching Assignment from the NSRF (National Stategic Reference Framework)

8041 - Environmental Economics and Policy

Teaching Assignment from the NSRF (National Stategic Reference Framework)

ELECTIVE COURSES (EL) One (1) course to be chosen - TEACHING UNITS (HOURS): 4

8038 - Location Models of Productive Activities

80100 - Spatial Planning and Sustainable Development: Policies, Methodologies and Tools

80107 - Economic Theory and Gender: Women, Economic Theory and Policies

80116 - Microeconomic Analysis

This class will not be taught this year 2021-22

80129 - Bank Financing

This class will not be taught this year 2021-22

80136 Erasmus+ Contemporary issues in local and region development

80141 - Public Accounting


Teaching Assignment from the NSRF (National Stategic Reference Framework)


8030 - Economic Analysis and Transportation Policy

ELECTIVE COURSES (EL) Two (2) courses to be chosen - TEACHING UNITS (HOURS): 4

8042 - Public Finance: Theory and Policy ΙΙ

8051 - Urban and Residential Development and Policies

8052 - Cultural Policies for Development

8060 - Capital and Money Markets

8076 - Schools of Economic Thought Ι

8082 - Economics of the Environment, Natural Resources, and Sustainable Developmen

8084 - Regional Development and Infrastructure

8096 - Managerial and Business Accounting


Teaching Assignment from the NSRF (National Stategic Reference Framework)

80106 - Policies of Employment and Methods of Evaluation

Teaching Assignment from the NSRF (National Stategic Reference Framework)

80117 - Greek and European Regional Identity

80118 - Real Estate Economics

80119 - Spatial and Applied Econometrics

80137 Erasmus+ Topics in econometrics

Teaching Assignment from the NSRF (National Stategic Reference Framework)


8043 - International Economics

8069 - Economic Institutions and Policies of the EU

ELECTIVE COURSES (EL) Two (2) courses to be chosen - TEACHING UNITS (HOURS): 4

8065 - Economic and Social Policy

8071 - Tourism Development

Teaching Assignment from the NSRF (National Stategic Reference Framework)

8074 - Information Technology and the Economy

8081 - Environmental History and Policy

Teaching Assignment from the NSRF (National Stategic Reference Framework)

8098 - Project Planning and Administration

80122 - Evaluation of Private and Public Investments

80123 - Econometrics ΙΙ

80124 - Globalization

80128 - The Economics of Local Administration

Teaching Assignment from the NSRF (National Stategic Reference Framework)

80143 - Bachelor’s Thesis

The preparation of a bachelor’s thesis is an opportunity for an undergraduate student to deepen his/her the understanding of a specific subject. In order to begin a bachelor’s thesis, written permission from a member of the teaching and research staff, who will supervise, grade and determine the subject of the thesis, is necessary. The thesis may be research based, bibliographical or theoretical. The thesis is optional. It is to be completed within one term (three months) and is equivalent to two elective courses in the 8th term. The bachelor’s thesis may be done in the 8th term of studies when the student has already successfully completed all the courses required up to and including the 7th term with an average of at least 7. The thesis is submitted either in the June examination period or in the September examination period. It cannot be submitted in the next academic year. The length of the thesis is set from 10,000 to 12,000 words.

Evaluation/Grading Methods

The final grade is determined by the thesis supervisor when the thesis is completed


800130 - Economic Terminology in English I (Intermediate)

800131 - Economic Terminology in English II (Advanced)

800132 - How to Write Academic Papers and Summaries in English

800133 - Presentation Techniques for Economics and the Social Sciences in English

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