Course Information
FacultySocial and Economic Sciences
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorNikolaos Varsakelis
Course ID100001401

Programme of Study: UPS School of Economics (2013-today)

Registered students: 869
OrientationAttendance TypeSemesterYearECTS
KORMOSCompulsory Course116

Class Information
Academic Year2019 – 2020
Class PeriodWinter
Faculty Instructors
Weekly Hours4
Class ID
Course Type 2016-2020
  • Background
Course Type 2011-2015
General Foundation
Mode of Delivery
  • Face to face
Digital Course Content
Language of Instruction
  • Greek (Instruction, Examination)
Learning Outcomes
Students will understand the conusmer behaviour and the factors affecting this behaviour. Students will be able to apply policy measures that affect demand and consumer welfare Students will get the background to attent the more advanced courses of the curriculum Students will better understand the real life economic conditions
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Make decisions
  • Work autonomously
  • Work in teams
  • Work in an international context
  • Work in an interdisciplinary team
  • Generate new research ideas
  • Design and manage projects
Course Content (Syllabus)
1. Introduction: Economics, Economy, The economic problems, Scarcity and compertitive use of resources, Exchange, the role of markets and economic policy, The circular flow 2. The functioning of the market: Supply and demand, Market equilibrium, Comparative statics, The price and income effect 3. Consumer Theory- Theory of Choice, axiomatic approach, indifference curves,Utility function, Budget constraint Optimization under constraints - lagrange multiplier Demand curve Elasticities
Consumer theory, axioms, indifference curves, utility function, optimization
Educational Material Types
  • Notes
  • Slide presentations
  • Book
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
power point blackboard
Course Organization
Student Assessment
Mid term exam Final exam
Student Assessment methods
  • Written Exam with Multiple Choice Questions (Summative)
  • Written Exam with Short Answer Questions (Formative)
  • Written Exam with Extended Answer Questions (Formative)
  • Written Assignment (Summative)
Course Bibliography (Eudoxus)
• Νίκου Βαρσακέλη, Μικροοικονομική: Θεωρία, Εφαρμογές, Ασκήσεις. Εκδόσεις ΖΥΓΟΣ Θεσσαλονίκη 2012. • Hal Varian, Μικροοικονομική: Μια σύγχρονη προσέγγιση, Εκδόσεις Κριτική, Αθήνα 2006.
Additional bibliography for study
• Begg D., Dornbush R., Fisher S, “Εισαγωγή στην Οικονομική”, τόμος Α’ 7η έκδοση, Εκδόσεις Κριτική, Αθήνα, 2006 • Mankiw N. G., “Αρχές Οικονομικής”, Τόμος Α’, Εκδόσεις Τυπωθύτω-Δαρδανός, Αθήνα, 2001 • Πουρναράκης E., Χατζηκωνσταντίνου Γ., “Αρχές Οικονομικής”, Αθήνα, 2004 • Roger Arnold, Εισαγωγή στην οικονομική, 7η έκδοση, εκδόσεις Επίκεντρο, 2007 • Paul Krugman and Robin Wells, Μικροοικονομική, Εκδόσεις Επίκεντρο, Θεσσαλονίκη,2011. • L. Thurow, R. Heilbronner, Κατανοώντας την Μικροοικονομική, Εκδόσεις Παπαζήσης • P. Samuelson, Οικονομική, Εκδόσεις Παπαζήση • Πωλ Κρούγκμαν, Θεωρητικός από Σύμπτωση και άλλα αποσπάσματα από μια άχαρη επιστήμη. Εκδόσεις Καστανιώτη, 2005 Θέματα από τον ελληνικό και διεθνή ημερήσιο και περιοδικό οικονομικό τύπο.
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