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).

 

 

• Conceptual and regulatory framework of Financial Accounting.
• Preparation of financial statements
• Revenue recognition and measurement (revenues from: the sale of goods, rendering of services, interest, and dividends).
• Revenues from construction contracts.
• Accounting for non-current tangible and intangible assets: Initial recognition, depreciation, impairment, valuation after initial recognition.
• Accounting for inventories: Initial recognition, measurement, and valuation after initial recognition.
• Accounting for financial assets: Initial recognition, measurement, and valuation after initial recognition.
• Accounting for leases
• Accounting for receivables

 

 

 

The course introduces key concepts of business administration. It analyzes fundamental organizational characteristics as well as management functions. Part of the course is to present and critically assess management tools. 

 

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

 

 

 

The course is an introduction to the basic legal rules that govern businesses. It presents the various forms of companies, the basic concepts and provisions of competition law and of the conclusion of contracts and electronic contracts.

 

The course provides an in-depth analysis of the project management processes in line with national and international standards (ISO21502, PMBOK, ELOT1429). It includes details about the definition and phases of a project, as well as the skills of the project manager and the project team. Methods and tools are discussed for the main project management knowledge ares, namely, scope, time, cost, quality, resource, communication, risk and procurement management.

The main goal of the course is to get the students become familiar with the main project management methods and tools such as time management (Gantt, CPM, PERT), resource and cost management. Moreover, sophisticated techniques such as Earned Value Management for monitoring projects are also included.

Finally, the course helps the students distinguish projects, programs and portfolios as well as understand the purpose of differentiation.

 

The course provides an in-depth analysis of the project management processes in line with national and international standards (ISO21502, PMBOK, ELOT1429). It includes details about the definition and phases of a project, as well as the skills of the project manager and the project team. Methods and tools are discussed for the main project management knowledge ares, namely, scope, time, cost, quality, resource, communication, risk and procurement management.

The main goal of the course is to get the students become familiar with the main project management methods and tools such as time management (Gantt, CPM, PERT), resource and cost management. Moreover, sophisticated techniques such as Earned Value Management for monitoring projects are also included.

Finally, the course helps the students distinguish projects, programs and portfolios as well as understand the purpose of differentiation.

The objective of this course is to develop students’ capabilities to read, interpret and analyze financial statements. The primary focus is on business valuation  (equity valuation, lending and other investment decisions). Students learn how measurement and reporting rules determine and possibly restrain the information implied in accounting data and how reformulation and adjustments to the financial statements allow for better informed decisions. The primary course objectives are the following: 1. Develop a framework for analyzing a business that can be used as a basis for the preparation of a financial analyst report. 2. Calculate and interpret financial ratios (e.g. profitability, growth, leverage, and liquidity) that allow for across- and within- firm comparisons. 3. Prepare a cash flow statement  4. Develop an understanding on how the flexibility that companies have in applying existing accounting rules affect reported income and the book value of equity. 5. Examine and compare different models of  business valuation. 6. Develop an understanding on accounting for construction contracts and accounting for natural resources

 

 

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.  

 

The content of the module will cover the following subjects:

1. Introduction in the Operational Research

• Background Information & Historical Review for Operational Research
• Operational Research Definitions
• Operational Research Methodology
• Problems Classification in Operational Research

2. Operational Research Problem Formulation

• Problem Formulation Basic Principles in Operational Research
• Problem Formulation of Typical Operational Research Problem Categories

3. Linear Programming & Simplex Algorithm

• Graphical Solution of Problems With Two Variables
• Introduction in Linear Programming
• Standard Form for Linear Programming Problem
• Solving Max Linear Programming Problems Using the Simplex Algorithm

4. Linear Programming Problem Solution Using Optimization Software

• Solving Linear Programming Problems in MS Excel (Computer Lab)
• Introduction in Sensitivity Analysis

5. Dual Problem & Selected Linear Programming Problems

• Dual Problem Formulation – Economic Explanation of the Dual Problem
• Transportation Problem
• Assignment Problem
• Decomposition Problem
• Solving Operational Research Problems in MS Excel (Computer Lab)

6. Decision Analysis

• Introduction in Decision Analysis
• Criterion of Expected Monetary Value
• Decision Trees
• Solving Decision Analysis Problems (Decision Trees) With the Use of Software (Computer Lab)

7. Process Simulation

• Introduction in Process Simulation
• Demonstration of Process Simulation Software (Computer Lab)

 

 

Introduction, numerical data, scales of measurement, tables, graphs. Frequency distributions, central values, dispersion, skewness. Introduction to probabilities, probability distributions, sampling distributions, estimation. Test of hypotheses. Test of independence. Analysis of variance. Simple correlation and regression analysis. Multiple regression analysis. Time series analysis. Case studies.

 

 

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.

The course focuses on the study of Organizational Behavior and Human Resource Management, emphasizing on how a more holistic-systemic approach could lead in more sustainable changes. More specifically, we focus on the following units:

- Human Resource Management: from practices to process

- The study of individual and group behavior in the workplace: a multi-level approach

-Work Motivation and communication: interrelating dynamics

-Leadership: from the heroic leader to collective leadership & collective intelligence

-Career management: from professional decision to balancing personal and professional life

-Employee education and development: towards a learning organization. 

 

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.

 

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.

 

The course ‘project logistics’ aims at providing basic skills and knowledge that are necessary for understanding the key functions of modern supply chains and the effective management of the logistical aspects in a project environment. It covers the following topics: 1. Key principles of supply chain design and management (concepts, definitions, key principles); 2. Planning and execution of project logistics (project planning and supply risk assessment, strategic decision making, sourcing management and inventory control, warehousing and material supply); 3. Technology and innovation in supply chain management in project environment (IoT applications, data analysis, traceability etc); 4. Sustainability in supply chains (sustainable supply chain management, green logistics, assessment and reduction of carbon footprint in supply chains, circular economy in project environment), case studies in project environment; 5. Best practices and specialized case studies (event logistics, construction logistics, humanitarian logistics etc.). Invited speakers

 

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.

 

 

The course, after an introduction in the definitions and basic principles of MIS (Management Information Systems), presents the core functionalities  and the implementation methodological steps of a typical ERP system, highlights the importance of business process modelling in the requirements engineering process and finally, outlines the characteristics of the e-business environment, the related business models as well as mechanisms and algorithms used in electronic service provision.

 

The following topics are covered:

Α. INVESTMENT DECISIONS

• Time value of money, Present values and Future values, Annuities, Examples and Applications.
• Investment evaluation criteria, the Net Present Value (NPV) criterion, the Internal Rate of Return (IRR) criterion, Comparison of criteria.
• Free cash flow calculation, Investment evaluation in the face of inflation, Example and Applications
• Risk measurement and the risk-return trade-off, Asset pricing models, Sensitivity AnalysisΒ.

1. FINANCING DECISIONS

• Financing methods (Issuing share and bonds, Bank Loans).
• Credit policy and its Cost, Factoring.
• Operating and Financing Risk, Break-even analysis, Leverage.

 

 

 

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.

 

 

• Introduction to e-Commerce and e-Business.
• Benefits and problems for e-business development.
• Current state of e-business development.
• Web design and evaluation.
• B2C and B2B e-business.
• CRM systems.
• Developing a Business Plan for e-business.
• Strategic Planning for e-business, models and frameworks.
• Internet technologies-Issues in e-service composition.
• Customization of services.
• Technology driven Entrepreneurship: recommender systems, text analysis, sentiment analysis, AI, social media.
• Business Process Modelling, Design and Performance Measurement.
• Discussion of case studies.

 

 

The aim of this course is to present to the students the operation of the modern global financial system as well as the issues that are related to the money and fixed income securities markets and the new financial and economic policies in international financial markets. In addition, we examine in detail the stock markets. The presentation of all issues is done with the combination of theory and applications in order for the students to gain a better understanding the complicated mechanisms of the money and bonds markets as well as the of the implementation of the monetary policy.

 

The course examines the role of businesses in shaping a sustainable and fairer society. It examines the fundamental characteristics of social impact initiatives and how they are managed to ensure sustainability and scalability. It analyzes the concepts of corporate social responsibility as well as the innovative practices that companies can adopt with the aim of expected social change. The course concludes with the presentation and critical evaluation of current issues of social responsibility and innovation. 

 

 

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. 

The course focuses on the application of Agile methodology in project management. Agile Project Management refers mainly to IT projects although, recently, efforts have been made to spread its application to other sectors. The course covers Agile methodologies, their basic principles, team and role management (e.g. Scrum Master, Product Owner, Team Member), how to plan (Backlogs etc.) and execute tasks (Sprints), priorities, delivery to the customer, communication (Stand Ups etc.) and collaboration between team members (Project Retrospectives).

 

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.

 

Operations Management is an introductory course on Production as a Business Operation. It’s subject can be defined as: the study, design, control of operation, and maintenance of systems consisting of people, materials, and equipment. The course seeks to show how Operations Management differs from one company to another depending on its production system. The course, apart from the basic principles of production such as Principles of Production Planning, MRP and assembly line balancing, is based on case studies that indicatively include:

Continuous Production System (Paper Manufacturing)

General Factory (Machine Shop)

Flow Production in Batches (Garment Industry)

Hybrid Production System (Brewery)

Machine paced assembly Line (Automotive)

Worker paced assembly Line (Restaurant)

Service Provided (Car Repair Shop)

Provision of consulting services (Business consulting company)

 

• Marketing concept and philosophy.
• Stages of strategic marketing planning process.
• Marketing plan design.
• Analysis of a company’s internal and external environment.
• Market research.
• Consumer behavior.
• Marketing objectives and strategy description.
• Segmentation, targeting, positioning.
• Product strategy.
• Pricing strategy.
• Distribution strategy.
• Communication strategy.
• Marketing in B2B markets.
• Services Marketing.

 

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.

 

The course aims to provide the core knowledge background, required at an executive level, for contemporary supply chain management and logistics. The current trends in the supply chain sector, the challenges of the future as well as its application in practice are examined. Specifically, it covers the following subjects:

1. Introduction to Supply Chain Management - Supply Chain Performance Management - Key Performance Indicators
2. Strategic Supply Chain Network Design
3. The importance of Demand & Inventory Management in modern Logistics – Basic Principles
4. Warehouse 4.0 – Distribution Cenetr processes - Material Handling (Intralogistics) - Warehouse Equipment & Automation - Material Handling Systems.
5. Technology and Sustainable Development - Introduction to Industrial Ecology - Basic Principles of Sustainable Development - Sustainability as a Factor of Competitiveness of the Modern Supply Chain - Closed Loop Supply Chains - Reverse logistics - Sustainable Logistics.
6. Industry 4.0 Technologies and Supply Chain Management - The importance of Data Analysis in Modern logistics (supply chain analytics).
7. Demand variability management – ​​The bullwhip effect.

 

In the presentations, selected qualitative and quantitative approaches are covered, while, at the same time, useful information is provided for specialized software that can support decision making. In particular, domains that are covered are:

1. Decision Making & Multicriteria Analysis

• Decision making basic notions
• Goal Programming
• Multicriteria Utility Theory – Linear Additive Model
• Analytical Hierarchy Process
• Electre Methods
• Promethee Method

2. Performance Management Systems

• Strategy and Performance Measurement
• Evaluation of Business Performance
• The Balanced Scorecard Method
• Multicriteria Problems Solving with the use of software

3. Individual Decision Making

• The Pyramid of Business Decisions
• Risk, Uncertainty and Decision Making
• Rational Decision Making
• Intuitive Decision Making
• Finite Rationalization

4. Group Decision Making

• Leadership and Decision Making
• Influence and Decision Making
• Quality of Business Decisions
• Failures and Traps in Business Decision Making
• Rule-based Decision Making
• Implementation & Risk Management

5. The Systems Approach in Decision Making

• Systems Engineering, Systems Thinking

6. Data Utilization in Decision Making

• Data Analysis
• Forecasting
• Business Intelligence Tools

 

The course aims to provide the core knowledge background, required at an executive level, for contemporary supply chain management and logistics. The current trends in the supply chain sector, the challenges of the future as well as its application in practice are examined. Specifically, it covers the following subjects:

1. Introduction to Supply Chain Management - Supply Chain Performance Management - Key Performance Indicators
2. Strategic Supply Chain Network Design
3. The importance of Demand & Inventory Management in modern Logistics – Basic Principles
4. Warehouse 4.0 – Distribution Cenetr processes - Material Handling (Intralogistics) - Warehouse Equipment & Automation - Material Handling Systems.
5. Technology and Sustainable Development - Introduction to Industrial Ecology - Basic Principles of Sustainable Development - Sustainability as a Factor of Competitiveness of the Modern Supply Chain - Closed Loop Supply Chains - Reverse logistics - Sustainable Logistics.
6. Industry 4.0 Technologies and Supply Chain Management - The importance of Data Analysis in Modern logistics (supply chain analytics).
7. Demand variability management – ​​The bullwhip effect.

 

In the presentations, selected qualitative and quantitative approaches are covered, while, at the same time, useful information is provided for specialized software that can support decision making. In particular, domains that are covered are:

1. Decision Making & Multicriteria Analysis

• Decision making basic notions
• Goal Programming
• Multicriteria Utility Theory – Linear Additive Model
• Analytical Hierarchy Process
• Electre Methods
• Promethee Method

2. Performance Management Systems

• Strategy and Performance Measurement
• Evaluation of Business Performance
• The Balanced Scorecard Method
• Multicriteria Problems Solving with the use of software

3. Individual Decision Making

• The Pyramid of Business Decisions
• Risk, Uncertainty and Decision Making
• Rational Decision Making
• Intuitive Decision Making
• Finite Rationalization

4. Group Decision Making

• Leadership and Decision Making
• Influence and Decision Making
• Quality of Business Decisions
• Failures and Traps in Business Decision Making
• Rule-based Decision Making
• Implementation & Risk Management

5. The Systems Approach in Decision Making

• Systems Engineering, Systems Thinking

6. Data Utilization in Decision Making

• Data Analysis
• Forecasting
• Business Intelligence Tools