Courses

Principles of Economic Theory: Micro-Macro Economy

General

Course Contents

1. Analysis of key economic terms.
2. Analysis of supply and demand of goods.
3. Analysis of consumer and producer behaviour.
4. Analysis of the system of preferences, balance of the consumer.
5. Analysis of the effects of income change, prices on demand and types of elasticity.
4. Analysis of market forms and competition (Perfect and Non Competition) and market equilibrium short-term and long-term.
5. Analysis of the macroeconomic cycle and circuit of an economy.
6. Analysis of key macroeconomic variables.
7. Analysis of macroeconomic measures such as GDP, unemployment, inflation, government budget, public debt, deficits, etc.)
8. Analysis of complex aggregate demand and aggregate supply.
9. Balance product and national income analysis.
10. Function analysis of the multiplier as well as its impact on fiscal policy.
11. Presentation of the financial sphere of the economy and the balance of the money and securities market.
12. Analysis of general equilibrium and economic fluctuations.
13. Macroeconomic equilibrium analysis through growth theory.
14. Analysis from the beginning of factors that allow capital accumulation and how the economy is evolving in the long run.
15. Analysis of the definition of income and employment, the role of investment and the impact of international trade.

Educational Goals

Understanding basic knowledge and concepts of financial figures.
Understanding the behavior of microeconomics and macroeconomics.
Understanding how an economy works as a whole.
Understanding the interdependence of all economic units (consumers and businesses) and different forms of economic markets.
Understanding the role of institutions, such as the Financial system, international markets, Trade unions and the State machinery.
On the one hand we build the rest of the other courses of the study program, on the other hand we make them able to better understanding of economic developments, both domestically and internationally.

General Skills

Acquisition of the foundations of microeconomic and macroeconomic theory.
Acquisition of fluency in understanding the economic developments in our country.
Acquisition of comprehension of fiscal figures.
Acquisition of fluency in understanding international economic developments.
Recognition, Analysis, planning and implementation of applied financial statements.
Search, analysis and synthesis of data and information, using the necessary technologies.
Adaptation to new situations
Autonomous work.
Teamwork.

Teaching Methods

Lectures, Exercises, Online guidance, Projected Presentations, E-mail communication, Online Synchronous and Asynchronous Teaching Platform (moodle).

Students Evaluation

Assessment Language: English / Greek
– Ability to identify and describe operation / applications of economic forms of purchase and their functions.
– Ability to solve exercises
– Skills of small and macroeconomic economic analysis
– Skills of preparation and presentation

Recommended Bibliography

1. M. Moussa «Macroeconomics: Special Issues in Public Finance and Fiscal Law», published by Ziti & Co. OE Thessaloniki 1st ed./2006. Book Code in Eudoxus: 59380115
2. N. Varsakelis, « Microeconomic Theory, Applications & Exercises», published by Markou I.G. & Co., Thessaloniki 2012. Book Code in EYDOXO: 22816800.
3. Parkin Michael, Powell Melanie, Matthews Kent: “Principles of Economics” Edition: 1st ed.