Course Information
FacultyEconomic and Political Sciences
Cycle / Level1st / Undergraduate
Teaching PeriodSpring
CoordinatorKonstantinos Papadopoulos
Course ID100001479

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

Registered students: 157
OrientationAttendance TypeSemesterYearECTS
OIKONOMIASCompulsory Course belonging to the selected specialization (Compulsory Specialization Course)636

Class Information
Academic Year2020 – 2021
Class PeriodSpring
Faculty Instructors
Weekly Hours4
Class ID
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Distance learning
Language of Instruction
  • Greek (Instruction, Examination)
General Prerequisites
A good knowledge of microeconomic theory.
Learning Outcomes
After the end of the semester, the student should clearly understand and be able to analyze using microeconomic models: • Price discrimation strategies (1st,2nd,3rd degree) and their applications • The competitive equilibrium in models with multiple goods, with uncertainty and insurance markets • The concepts of risk and insurance, pricing of insurance products • The concepts of moral hazard and adverse selection • Auction as an allocation mechanism, auction strategies Also the student will familiarize with using the computation software Mathematica/Maxima (syntax, solving optimization problems, solving systems of equations)
General Competences
  • Apply knowledge in practice
  • Adapt to new situations
  • Make decisions
  • Work in teams
  • Generate new research ideas
  • Be critical and self-critical
  • Advance free, creative and causative thinking
Course Content (Syllabus)
We will focus on price discrimination as a business tool to increase profits and the impact of discrimination on consumers and social well-being. We will present the theory of choice under uncertainty, maximization of expected utility, risk aversion, neutrality, and risk-loving. Application of this theory in tax evasion. Then we will deal with the economics of information, the value of information, basic concepts such as moral hazard and adverse selection in insurance markets, the principal - agent model. We will also deal with general equilibrium of perfect competition in order to demonstrate the interdependence of markets and the calculation of equilibrium. Finally we will deal with the theory of auctions.
general equilibrium, perfect competition, risk, uncertainty, asymmetric information, moral hazard, adverse selection, insurance markets, δημοπρασίες
Educational Material Types
  • Notes
  • Slide presentations
  • Video lectures
  • Multimedia
  • Book
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Laboratory Teaching
  • Use of ICT in Communication with Students
  • Use of ICT in Student Assessment
Educational material such as slides presented during the course, tests solutions, exercises, information will be posted exclusively to elearning platform https://elearning.auth.gr/course/view.php?id=6299. The student may download and print related files from any personal computer or from the library of the Department. The elearning website is updated on a weekly basis. All students that choose the course are automatically enrolled and van recieve all course announcements by email. For accessing the elearning platform you will need your academic email and password.
Course Organization
Interactive Teaching in Information Center170.6
Written assigments120.4
Student Assessment
Written exams at the end of the semester (60%) and optional group assignment (40%), or written exams only (100%)
Student Assessment methods
  • Written Exam with Extended Answer Questions (Summative)
  • Written Assignment (Summative)
  • Performance / Staging (Summative)
  • Written Exam with Problem Solving (Summative)
Course Bibliography (Eudoxus)
W.Nicholson, C.Snyder Μικροοικονομική Θεωρία: Βασικές Αρχές και Προεκτάσεις, 3η Έκδοση, Εκδόσεις Κριτική, 2018, ISBN 978-960-586-239-8, Κωδικός Εύδοξος 77109705 Varian Hal R., Μικροικονομική: Μια Σύγχρονη Προσέγγιση, Εκδόσεις Κριτική, 3η Έκδοση 2015, ISBN 9789602189368 Κωδικός Εύδοξος 50659301
Additional bibliography for study
Gravelle H. και Rees R., Μικροοικονομική , Ενιαίος τόμος, Εκδόσεις Γ. Δαρδανός - Κ. Δαρδανός , 2010, ISBN 978-960-01-1344-0  Μ. Χαχολιάδη, Μικροοικονομική Ι,Εκδόσεις Κριτική, Τόμοι Α και Β, Εκδόσεις Κριτική, 1990  Ε. Δρανδάκη, Ν. Μπαλτά ,Γ. Μπήτρου, Μικροοικονομική Θεωρία, Τόμοι Α και Β, Εκδόσεις Σταμούλη 1994 Jehle, G. A., Reny, P.J., Advanced microeconomic theory, Addison-Wesley, 2001  Fudenberg, Drew, Tirole, Jean, Game theory, MIT Press, 1991  Mas-Colell, A. Whinston, M. D., Green, J., Microeconomic theory, Oxford University Press, 1995  Tirole, Jean, The theory of industrial organization, MIT Press, 1988
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