Course Information
SchoolMechanical Engineering
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorDimitrios Vlachos
Course ID20000327

Programme of Study: UPS of School of Mechanical Engineering

Registered students: 134
OrientationAttendance TypeSemesterYearECTS
EnergyElective Courses belonging to the other745
Design and StructuresElective Courses belonging to the other745
Industrial ManagementElective Course belonging to the selected specialization (Elective Specialization Course)745

Class Information
Academic Year2020 – 2021
Class PeriodWinter
Instructors from Other Categories
Weekly Hours4
Class ID
Course Type 2016-2020
  • Scientific Area
  • Skills Development
Course Type 2011-2015
Knowledge Deepening / Consolidation
Mode of Delivery
  • Face to face
Language of Instruction
  • Greek (Instruction, Examination)
Learning Outcomes
1.Understand the basic concepts of microeconomic theory 2.Recognize the importance of market forces (demand and supply), market balance and government interventions in market balance 3.Design short-term production cost curves 4.Distinguish the differences between the different forms of market structures (perfect competition, monopoly, monopolistic competition, oligopoly) 5.Understand the basic concepts and methods (SWOT, PEST-DG, KSF) required by a business plan 6.Develop a business plan
General Competences
  • Apply knowledge in practice
  • Adapt to new situations
  • Make decisions
  • Generate new research ideas
  • Advance free, creative and causative thinking
Course Content (Syllabus)
A) Basic concepts of microeconomic theory, definitions. Market forces: demand and supply. Market balance. Government interventions. Elasticity of demand. Productivity curve. Cost and production: short-run cost curves, production rules. Basic types of market structures: perfect competition, monopoly, monopolistic competition, oligopoly. Consumer behavior. B) Introduction: business plan concept, definitions, utility, advantages. Business plan structure. Internal - External business environment analysis (SWOT, PEST-DG). Competitor analysis (KSF method). Marketing planning. Business risk.
Μicroeconomic theory, Βusiness plan
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
Posting of announcements, notes and information regarding the course at eLearning (https://elearning.auth.gr/course/view.php?id=7415)
Course Organization
Reading Assigment933.1
Case based analysis361.2
Student Assessment
The final grade Β is a combination of the grades in the final written examination (T) and the midterm examination (Π) as follows: • If Τ < 4,5 then the final grade is Β = Τ. • In every other case the final grade is Β = (0,7)Τ + (0,3)Π.
Student Assessment methods
  • Written Exam with Multiple Choice Questions (Summative)
  • Written Exam with Short Answer Questions (Summative)
  • Written Exam with Extended Answer Questions (Summative)
  • Written Exam with Problem Solving (Summative)
Course Bibliography (Eudoxus)
1. Κέφης, Β., Παπαζαχαρίου, Π., 2013. Το επιχειρηματικό όραμα σε Business Plan, εκδόσεις Κριτική. 2. Mankiw, G., Taylor, M., 2016. Οικονομική - Μικροοικονομική, Επιστημονική Επιμέλεια: Αθανάσιος Μανιάτης, εκδόσεις Τζιόλα.
Additional bibliography for study
- Barrow, C., Brown, R., Clarke, L., 2006. The Successful Entrepreneur's Guidebook: Where you are Now, Where you Want to be and How to Get There, Kogan Page, 2nd edition, London and Philadelphia. - Davis, M., Aquilano, N., Chase, R., 2002. Fundamentals of Operations Management, McGraw-Hill. - International Federation of Accountants (IFAC), 2006. Business planning guide: practical applications for SMEs. - Katz, J., Green, R., 2007. Entrepreneurial Small Business, McGraw-Hill/Irwin. - Smith , R., Smith, J., 2004. Entrepreneurial finance, 2nd edition, Wiley.
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