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1st Year

1st Semester

1st period (all compulsory)

Economics for Business Administration

COMPULSORY COURSE

YEAR OF STUDIES: 1st

SEMESTER: 1st

 

Name of lecturer

Prodromos Vlamis                                                        

 

Anticipated Educational Results

Upon completion of the course, postgraduate students will:

1) Understand the nature of the major areas of interest within the field of basic microeconomics and the workings of economic systems 

2) Recognize the principal issues of elementary theory of demand and supply and the role of government in making economic policy

3) Understand the theoretical underpinnings and the principal applied features of firm’s production decision as well as the constraints (cost structure) and choices that influence decision making at a firm level

4) Identify and analyse the different cases of market structure 

 

Prerequisites                        

None. The course is designed to be non-technical and is intended to impart knowledge and learning skills which are both subject-specific and generic. No prior knowledge of economics is required.

 

Course content

This course looks at the nature, method and scope of Economics and aims to provide students with an understanding of the basic economic principles by combining Microeconomic Theory –deal with individual decisions in the economy- and applications to contemporary issues.

 

In particular, it deals with the three fundamental economic questions and explores how these questions can be answered within the different economic systems (free market, command and mixed economies).

 

It also examines the laws of demand and supply as well as the price elasticities of demand (own price elasticity, cross price elasticity and income elasticity), their determinants and their significance for firms and the government.

 

 There is also an account of how firms decide how much to produce (production theory), something that is directly related to the theory of cost. It is asked what companies need to do in order to maximize their profits or minimize their losses.

 

The rest of the course tries to account for the different cases of market structure; perfect competition (the properties of competitive equilibrium), monopoly (barriers to entry and price discrimination), monopolistic competition (short and long-run equilibrium of the firm) and oligopoly (operation of cartels).

 

 

Recommended reading

  1. Begg, D and D. Ward (2004), Economics for Business, McGraw-Hill (latest edition).

ISBN: 0077104293

  1. Colander, D (2005), Classic Readings in Economics, McGraw-Hill International Book Company, (latest edition), ISBN: 0072418370
  2. DOYLE EL. (2005), The Economic System, Wiley, (latest edition), ISBN: 0-470-85001-9
  3. Griffiths, A. and S. Wall (1997), Applied Economics, (latest edition), Longman.
  4. KRUGMAN P. AND R. WELLS (2004), Microeconomics, Palgrave Macmillan, (latest edition) ISBN: 0716762773
  5. KRUGMAN P. AND R. WELLS (2006), Economics, (latest edition) Palgrave Macmillan
  6. Lipsey, R.G. and K. Chrystal (2004), Economics (latest edition), Oxford University Press
  7. MCCONNELL (2005), Economics, (latest edition), McGraw-Hill, ISBN: 0071249141
  8. SAMUELSON (2004), Economics, (latest edition), McGraw-Hill,ISBN: 0071239324
  9. Παντελίδης Π. Εισαγωγή στη Μικροοικονομική Ανάλυση, Έκδοση: 1η/2003,ISBN: 960-92406-0-7

 

Teaching methods

Theoretical (Lectures) and practical part (exercises, case studies, etc.).

 

Assessment methods

Written unseen final exam.

 

Language

Greek

2nd period (choose two courses)

2nd period (choose two courses)

Financial Statement Analysis

ELECTIVES

YEAR OF STUDIES: 1st

SEMESTER: 1st

 

Name of lecturer

Leonidas Doukakis                                                       

 

Anticipated Educational Results

Upon completion of the course, postgraduate students will be able to:

 

  1. Develop a framework for analyzing a business that can be used as a basis for preparing a financial analyst report.
  2. Calculate and interpret financial ratios (e.g. profitability, solvency and liquidity) that allow comparisons between and within companies with the ultimate goal of predicting the future performance of a company.
  3. Prepare and analyze the Cash Flow Statement.
  4. Understand how accounting errors (either intentional manipulation by the management or unintentional errors) and the flexibility afforded by accounting rules affect financial statements and, consequently, financial decisions.
  5. Value companies using different valuation models such as Discounted Cash Flows and Earnings-Based models.

 

Prerequisites                        

Financial Accounting

 

Course content

The main goal of this course is to develop participants' skills to read, interpret and analyze financial statements effectively. This is a course of fundamental analysis with practical emphasis based on a series of exercises and case studies of listed companies. Although it focuses mainly on business valuation, loan and other investment decisions are also discussed. Participants learn how measurement and reporting rules define and possibly limit the information provided in the financial statements but also how restatements and adjustments to published financial statements lead to better financial decisions. Indicative list of topics discussed:

  1. Profitability Analysis
  2. Liquidity Analysis
  3. Solvency Analysis
  4. Preparation and analysis of the Cash Flow Statement
  5. Earnings Management and Earnings Quality
  6. Forecasting future Financial Statements
  7. Business Valuation
  8. Decision Making

 

 

Recommended reading

  1. Ανάλυση και Αποτίμηση Επιχειρήσεων, Γκίκας Δ., Παπαδάκη Α., Σιουγλέ Γ, Εκδόσεις Μπένου (2010)
  1. Penman, Stephen. Financial Statement Analysis and Security Valuation, 5th Edition, McGraw-Hill Higher Education, 2012. ISBN : 978-0078025310
  2. Slides and Case Studies
  3. Financial statements of listed companies

 

Teaching methods

Theoretical and practical part (exercises, case studies, etc.). Students are given the opportunity to submit an assignment prepared by a group of two members.

 

 

Assessment methods

Written exams and optional team-based assignment

 

Language

Greek

2nd period (choose two courses)

Contract and Procurement Management for Projects

2nd Semester

3rd period (all compulsory)

Management Accounting

COMPULSORY COURSE

YEAR OF STUDIES: 1st

SEMESTER: 2nd 

 

Name of lecturer

George Venieris, Sotiris Karatzimas                                          

 

Anticipated Educational Results

Upon completion of the course, postgraduate students will be able to:

  • understand basic concepts regarding cost and costing
  • take managerial decisions based on cost data
  • compose and analyze operational budgets

 

Prerequisites                        

Basic knowledge of financial statements

 

Course content

The scope of the course is to analytically examine the use of accounting information and accounting data in managerial and business decisions. Costing methods and technics are used towards the rational management of the operating cost of industrial, mainly, companies.  

 

Recommended reading

  • an extended list of references is provided

 

Teaching methods

Lectures with theoretical, analytical and applied content as well as problems for training the students

 

Assessment methods

Written exams and team-based assignment

 

Language

Greek

4th period (choose two courses)

SPECIALIZATION MANAGEMENT

Business Games

ELECTIVES

YEAR OF STUDIES: 1st

SEMESTER: 2nd 

 

Name of lecturer

Stefanos Protosyngelos                                                 

 

Anticipated Educational Results

Upon completion of the course, postgraduate students will:

  • have apply their knowledge of business administration,
  • acquire skills and competencies to manage effectively and efficiently,
  • be able to use management models, techniques and tools in practice.

 

Prerequisites                        

None

 

Course content

The course consists of a gaming simulation of the business environment that aims at helping the participants to acquire an experience of managing a firm by taking a series of decisions under conditions of uncertainty, competition, and time pressure. Learning is empirical and participatory, while parallel presentations of various related topics are made. Two games are used. In the first, ENSIM, students manage all functions of a company, being free to use their judgement and to apply whatever management skills they may have acquired. They work in groups, each of which takes decisions concerning specific functions of business (operations, marketing, sales, promotion, finance, human resources, environmental regulations, etc.). In the second, Logtime, the objective is the better understanding of the dynamics of Production —e.g. Materials Flow, Job Sequencing, and Quality— and how, by applying Continuous Improvement (Kaizen), Just-in-Time Production and Lean Management can have better achievements. It may be a simulation, but the insights a participant gains are very real.

 

Recommended reading

  • Two issues with notes are distributed, one for each Game, containing the rules of the Games as well as other relevant information.
  • A list of additional references is also provided.

 

Teaching methods

The course is "laboratory" and strongly applied. Lectures are given with the rules of the Games and then it follows the practical part of the simulation working in teams.

 

Assessment methods

Team-based assignments, a written exam (quiz) and an individual assignment.

 

Language

Greek

SPECIALIZATION MANAGEMENT

Sustainability, Health and Safet

ELECTIVES

YEAR OF STUDIES: 1st

SEMESTER: 2nd 

 

Names of lecturers

Prof. Konstantionos Aravossis, Assist. Prof. Dimitris Nathanael                                                    

 

Anticipated Educational Results

  1. Environmental Management

To promote the significance of the environmental aspects of corporate sustainability, in the perspective of Sustainable Development

To develop the principles, the targets of application stages of Environmental Management Systems

To inform students about the application and evaluation methods of CSR projects, as well as about the framework and the procedure of environmental impact studies 

  1. Occupational Health and Safety Management

To help students acquire the introductory knowledge, necessary for the effective management of the Occupational Health and Safety issues

To highlight the role of Occupational Health and Safety management inside the wider performance and sustainability issues

Getting the first insight into the relevant techniques

 

Prerequisites                        

None

 

Course content

  1. Environmental management. Introduction to circular economy and to the central enivirnmental policies of the ministry of the Environment.
  2. Occupational Health & Safety (OHS) Management: Introduction, the importance of OHS in company policy.. The two sides of OHS, the human and the technological, theoretical concepts for the etiology of occupational accidents, technological, social and systemic approaches, Human reliability / human errors, cognitive precursors of errors, error types, error causes, cognitive biases. Quantitative techniques of human reliability assessment. Accident analysis techniques (Fault and event trees, systemic analyses) – Case studies. Types of hazards in the workplace (physical, chemical biological etc.). Occupational Risk assessments techniques (qualitative and quantitative approaches). OHS management, organizational models, roles, procedures, Statistical analyses of OHS data (accidents, illnesses, near-misses), OHS management systems certification, OHS legal framework.

 

Recommended reading

Environmental Management

  • Class notes, presentation slides of Prof Aravossis

Books available at the Athens-MBA library

  • «Environmental Management and Business Strategy», Welford – Gouldson, 1993
  • «Environmental Management Systems and Cleaner Production», Hillary Ruth, 1997
  • «14001 and Beyond, Sheldon Christopher», 1997
  • «ISO 14001 Implementation Manual», Woodside - Aurrichio – Yturri, 1998

 

Occupational Health and Safety Management

  • Class notes, presentation slides of Ass. Prof Nathanael

Books available at the Athens-MBA library

  • Μαρμαράς, Ν. (2003). Ασφάλεια και Υγιεινή της Εργασίας. Αθήνα: ΕΜΠ
  • Reason, J. (1997). Managing the Risks of Organizational Accidents: Ashgate Publishing Limited
  • Stranks J. (2016). Health and Safety at Work: An Essential Guide for Managers,10th edition., Kogan Page

 

Teaching methods

Theoretical and practical part (exercises, case studies, etc.). Students make presentations of contemporary management issues.

 

Assessment methods

Course grading is based on written exams of both units of the course

 

Language

Greek

2nd Year

3rd Semester

5th period (all compulsory)

Business Strategy

Course Title:  Business Strategy

Name of lecturer

Giorgos Papagiannakis

 

Anticipated Educational Results

The course will provide insights to effectively manage the process of strategizing. Upon completion of the course, students will be able to:

  • analyze the external environment of a given organization to identify opportunities and threats.
  • analyze the internal environment of a given organization to trace strengths and weaknesses.
  • set long-term goals based on the SWOT analysis.
  • identify and assess potential strategic choices.
  • implement the most appropriate strategy.
  • getting familiar with strategic management tools.

 

Prerequisites                        

Management knowledge and skills

 

Course content

This course introduces key concepts, models, tools and techniques of strategic management. Strategic management involves how to direct a given organization into the future. The course seeks to understand what managers must do to think strategically.

 

Recommended reading

Together with a list of recommended references, the following book is compulsory:

  • Whittington R, Regner P, Angwin D, Johnson G, Scholes K (2023) Corporate Strategy, ed. Kritiki.

 

Teaching methods

The course is implemented through lectures of theory and practice (i.e., case studies). In addition, students are asked to present case assignments based on teamwork.

 

Assessment methods

  • Written exams (60% of the final grade).
  • Group assignment (40% of the final grade).

The group assignment deliverable will be in the form of text and presentation. Written exams will be open book.

 

Language

Greek

 

6th period (choose two courses)

6th period (choose two courses)

Total Quality Management

ELECTIVES

YEAR OF STUDIES: 2nd

SEMESTER: 3rd 

 

Name of lecturer

Konstantinos Kirytopoulos, George Chatzistelios                                                    

 

Anticipated Educational Results

Upon completion of the course, postgraduate students will be able to:

  • Understand the main principles and terminology of Quality Management, the requirements of Quality Management Systems and the Quality Control methods and techniques.
  • Understand the main principles and terminology of Risk Management, in line with international standards.
  • Understand and apply the processes for the development, implementation, review and certification of quality management systems in line with ELOT ΕΝ ISO 9001 and risk management, in line with ELOT ISO 31000.
  • Use methods for risk identification, analysis, mitigation and follow up.
  • Apply methods and tools for quality and risk management.
  • Analyse problems relevant to quality management and quality control.
  • Utilise software for the quality control techniques.

 

Prerequisites                        

None

 

Course content

The course introduces the students to a customer-centric business environment where total quality and continuous improvement of processes and products are prerequisites of a company’s success and competitiveness improvement. The relevant systems are maintained so that companies may prove their ability to provide, on a continuous basis, products and processes that satisfy customers’ requirements as well as legislative requirements. The course discusses the main principles as well as the development and control of quality systems and analyses in depth the requirements of ELOT EN ISO 9001.

In parallel, the course focuses on risk management (including Business Continuity Management) and presents the relevant processes in line with the ISO31000:2018 standard as well as other international standards (including those referring to project risk management). Specific risk management processes and tools are discussed, for the areas of risk identification, analysis, evaluation, mitigation and follow up.

The students see how they can develop and maintain quality and risk management systems in public organisations and private companies across Industries.

Special emphasis is given to the issues of certification as this is the official way for an organisation to prove the use of a quality and risk management system and it constitutes an important competitive advantage.

 

Recommended reading

  • ΕΛΟΤ 2015, ΕΛΟΤ ΕΝ ISO 9000:2015 Συστήματα διαχείρισης της ποιότητας - Θεμελιώδεις αρχές και λεξιλόγιο, Ελληνικός Οργανισμός Τυποποίησης (ΕΛΟΤ), Αθήνα.
  • ΕΛΟΤ 2015,ΕΛΟΤ ΕΝ ISO 9001:2015 Συστήματα διαχείρισης της ποιότητας Απαιτήσεις, Ελληνικός Οργανισμός Τυποποίησης (ΕΛΟΤ), Αθήνα.
  • ISO 2018, ISO 31000: Risk management - Guidelines, International Organisation for Standardisation (ISO), Geneva, Switzerland.
  • Κηρυττόπουλος, Κ. 2006,Εγχειρίδιο Διαχείρισης Κινδύνων Έργων, Εκδόσεις Κλειδάριθμος, Αθήνα.
  • Λεώπουλος, Β. 2018,Συστήματα Διαχείρισης Ποιότητας, Σημειώσεις μαθήματος Διοίκησης Ποιότητας ΕΜΠ, Αθήνα.

 

Teaching methods

Lectures and tutorials (exercises, case studies, etc.) in blended form. Invited lectures from Quality and Risk Management practitioners. The course also encompasses the blended learning approach through MS TEAMS and relevant material.

 

Assessment methods

Written exams

 

Language

Greek

6th period (choose two courses)

Βusiness Analysis

COURSE OUTLINE

COURSE CODE :

bm24222p

 

SEMESTER:

2nd

COURSE TITLE:

 

Business Analysis

 

 

LEARNING OUTCOMES : The Business Analysis course will equip participants with the necessary knowledge of methods and techniques that can be used to understand the structure, policies and operations of an organization, incorporating the perspectives of different stakeholders, in order to be in a position to propose solutions to the organization that allow them to achieve their goals. By completing the course, students will be able to perform analyses that will allow them to understand the current state of an organization, which can serve as a basis for the subsequent identification of business needs that will lead to the design of an improved business system in order to fulfil the existing strategic objectives.

 

SYLLABUS :   The course presents the subject of business analysis and how it can be applied to private and public organizations using specific methods and tools. The modules to be covered are briefly as follows: 1. Definitions of business analysis, key concepts, identification of related knowledge areas, 2. Understanding different dimensions of a business/organization, 3. Identification of business needs, 4. Identification of candidate improvement projects, their scope and scope , 5. Identification and analysis of requirements, 6. Modeling/design of processes, 7. Control of compatibility of proposed solution and identified requirements, 8. Evaluation of results. During the course, methods and practical tools throughout the life cycle of business analysis will be presented.

 

ATTACHED BIBLIOGRAPHY

- Suggested bibliography:

Cadle J., Paul D. & Turner P. (2014), Business Analysis Techniques: 99 Essential Tools for success, 2nd ed., BCS.

IIBA (2015), A Guide to the Business Analysis Body of Knowledge (BABOK Guide), International Institute of Business Analysis; 3rd ed.

Podeswa H. (2009), The Business Analyst’s Handbook, Course Technology PTR: Cengage Learning

PMI (2017), The PMI Guide to Business Analysis, Project Management Institute,

 

- Related academic journals:

Business Process Management Journal - Emerald

Journal of Business Analytics - Taylor & Francis.

Journal of Business Research – Science Direct

 

4th Semester

7th semester (all compulsory)

Industrial Policy & International Competitiveness

COMPULSORY COURSE

YEAR OF STUDIES: 2nd

SEMESTER: 4th 

 

Name of lecturer

Aggelos Tsakanikas                                                      

 

Anticipated Educational Results

The aim of this course is to make students familiar with the developments in the evolving new international division of labor as well as the subsequent effects on economic, technological, and business activity, with an emphasis on Greece. Furthermore, we assess of the basic parameters of an industrial policy, as well as the methodological and conceptual framework related to the concept of international competitiveness of a country, an industry, an organisation.

 

Prerequisites                        

None

 

Course content

During the course postgraduate students will be able to understand basic concepts and also:

  • Undertake a systematic overview, analysis, and understanding of the forces and major trends that are shaping the new international environment and how they affect the economic and business activity.
  • Highlight the macroeconomic effects and the microeconomic elements behind these changes.
  • Explore the big picture, but also those specific aspects and impacts that may explain the main trends
  • Map the great transformations and identify specific (smaller) changes.
  • Analyse, in particular, the impact on employment, economic activity, environment, countries, and societies.

These developments and trends are analysed with a reference to the technological changes, the productive restructuring, and institutional changes. Special emphasis is placed on public policies pursued at national, European, and global levels while analysing also the business strategies and reactions to these changes.

 

Recommended reading

  • Strategic Interventions for the Development of Industry: Impact and Policy Analysis, November 2019, IOBE Study on Greek Production
  • “Challenges and prospects of the manufacturing sector in Greece: Strategic interventions for development”, IOBE Study on Greek Production, December 2018
  • Acemoglu, D. and Robinson, J. (2012) Why Nations Fail
  • Caloghirou, Y., Tsakanikas A., "The competitiveness deficit of the Greek economy: thoughts for action" in "From Crisis to Development: in search of new development models for Greece and the European south", edited by S. Valyraki , S. Babanasi, A. Mouriki, N. Maravegia, Papazisis Publications, 2014
  • “Towards a new development model: selected sectors and institutional interventions for the period 2014-2020”, IOBE Study for the Ministry of Finance, December 2013
  • Global Competitiveness Report, WEF, (World Economic Forum)
  • IMD Global Competitiveness Reports
  • European Innovation Scoreboards
  • https://www.europarl.europa.eu/RegData/etudes/BRIE/2018/630309/EPRS_BRI(2018)630309_EN.pdf
  • A New Industrial Strategy for Europe,

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52020DC0102&from=EN

  • Annual and periodic reports from various international and national agencies such as, Bank of Greece, IOBE, KEPE, INE-GSEE, Banks. Etc
  • Various other sources renewed on an annual basis

 

 

Teaching methods

Lectures with theoretical and practical part (exercises, case studies, etc.). In addition, current issues are presented by selected speakers related to the field of Industry.

 

Assessment methods

Written exams

 

Language

Greek

8th period (choose two courses)

8th period (choose two courses)

Entrepreneurship

ELECTIVES

YEAR OF STUDIES: 2nd

SEMESTER: 4th 

 

Name of lecturer

Konstantinos Aravossis, Aggelos Tsakanikas

 

Anticipated Educational Results

 

The aim of the course is to familiarize students with the concept of entrepreneurship, the concept of business planning, as it emerges in public and private sector organisations. Furthermpore, stident focus on the theoretical and practical analysis of all the characteristics of a business plan as a business development tool. In addition, cases studies cases of business planning by organizations in Greece and abroad are presented whereas invited speakers and successful entrepreneurs present of their experiences and have an interactive course with students. Students thus become familiar with the development of a concrete business plan.

 

Prerequisites                        

None

 

Course content

During the course postgraduate students will be able to understand basic concepts and also:

  • Introduction to the concept of entrepreneurship
  • Entrepreneurship (International practices and statistics). Definition of business planning, utility, requirements, applications, particularities in Greece
  • Business planning as an element of the strategy of organizations and the case of GROUP IKEA (furniture). The individual elements of business planning in the public and private sector (similarities - differences). Presentation of entrepreneur experience (A)
  • Analysis of external environment. Presentation of entrepreneur experience (B)
  • Internal environment analysis. Presentation of entrepreneur experience (C)
  • Advantages and weaknesses analysis (Swot Analysis) / Organization development strategies. Presentation of entrepreneur experience (D)
  • Presentation of business plans through 2234/94 and 1892. Presentation of Case Studies by foreign companies.

 

Recommended reading

  1. STUTELY R. "THE IDEAL BUSINESS PLAN", COPYRIGHT FOR THE GREEK LANGUAGE: PAPASOTIRIOU & CO OE, ATHENS 2003
  2. ATHANASOPOULOS P., ATHANASOULIS CH. "BUSINESS POLICY AND STRATEGIC ADMINISTRATION", STAMOULIS PUBLICATIONS, PIRAEUS 1990.
  3. ARAVOSIS K., "COMPILATION & EVALUATION OF INVESTMENT PLANS & PROGRAMS - From Theory to Practice", LEGAL LIBRARY, ATHENS 2007.
  4. GEORGANTA Z., "ENTREPRENEURSHIP & INNOVATIONS" ANIKOULA, 2003.
  5. ETVA SA: "INVESTMENT PROJECT EVALUATION MANUAL", THEOFANIDIS STAVROS, PAPAZISIS PUBLICATIONS, 1985
  6. IOANNIDIS S. "ENTREPRENEURSHIP & ENTREPRENEURSHIP", PAPAZISIS 2000.
  7. KARVOUNIS S, "ECONOMIC AND STUDIES", STAMOULIS PUBLICATIONS, ATHENS 2000
  8. KOKKORIS "THE BUSINESS PLAN", Published by: THEODOROS KOKKORIS, Athens 1995
  9. LAMPROPOULOS UNIV. "ENTREPRENEURSHIP MANUAL", PROPOMPOS 2002.
  10. MOURDOUKOUTAS P. "ENTREPRENEURSHIP IN THE NEW ECONOMY, SIDERIS 2001.
  11. MOURDOUKOUTAS P., PAPADIMITRIOU S., IOANNIDIS A., "ENTREPRENEURSHIP: INSTITUTIONS & POLICIES", LOCATION
  12. PAPADAKIS V. "BUSINESS STRATEGY: Greek & International Experience", EVG PUBLICATIONS. BENOU, 1999
  13. N. SARSENTIS "BUSINESS STRATEGY and POLICY", Evg. Benou, Athens 1996
  14. MINISTRY OF NATIONAL ECONOMY, Department of Business Planning DEKO: "STRATEGIC & BUSINESS PLANNING OF PUBLIC COMPANIES & ORGANIZATION
  15. Global Entrepreneurship Monitor reports

 

Teaching methods

Lectures with theoretical and practical part (exercises, case studies, etc.). In addition, current issues are presented by selected speakers related to the field of Industry.

 

Assessment methods

Written exams

 

Language

Greek

 

Course grade

The grade results mainly from the exercise that concerns the preparation by the students (in groups) of a complete business plan, where they will practice in the application of the concepts of the course. The final configuration of the grade takes into account the following:

  1. the quality of the presentation
  2. the quality of the business plan and
  3. participating in class discussions

 

8th period (choose two courses)

Certification in Project Management

CONTACT US

Athens University of Economics and Business
Secretariat: Marianthi Psilou
47A Evelpidon str., 113 62, Athens, Greece

  • +30 210 820 3690
  • +30 210 820 3634
  • athensmba@aueb.gr

 

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