ATHENS UNIVERSITY OF ECONOMICS AND BUSINESS
SOCRATES/ERASMUS PROGRAMME
ACADEMIC YEAR 2002-2003
A.- COURSES OFFERED IN ENGLISH
I.- From the Department of Economics:
Autumn Semester ( from 01.10. 2002 till 14. 02.2003)
1.- Regional and Urban Economics , H. Louri
6 ECTS credits
Course Outline
Location models. Spatial distribution of activities. The spatial structure of the urban
economy. Regional specialization, trade and multiplier analysis.
Regional and interregional labour market analysis. Regional growth, factor allocation
and balance of payments. Urban and regional economic policy analysis.
The main textbook is P. McCann’s ‘Urban and regional economics’, OUP 2001.
Further readings from Armstrong, H. and Taylor, J., ‘The economics of regional policy’,
Edward Elgar 1999, O’Sullivan, A. ‘Urban economics’, Irwin 1996.
2.- Money and Capital Markets – K. Christopoulos
6 ECTS credits
Course Outline: Analysis of the nature and operations of modern money and capital markets. How the
markets work and what instruments are used. The foreign exchange and money markets, the bond markets,
the equity markets and the derivatives markets are covered.
Evaluation methods: Two assignments on topics given by the lecturer (30% of overall assessment) and
final written exam on the same date as the Greek students'exam (late January or early February,
according to the official exams time-table of the University) (70% of overall assessment). (N.B.: There are
NO special exam dates for Erasmus students!!!, No exceptions granted)
Bibliography:
Blake D.: Financial Market Analysis (Wiley, 2000)
Bodie-Kane-Marcus: Investments (Irwin, 1996)
Moses-Cheney: Investments (West Publishing Co., 1989)
Reilly-Brown: Investment Analysis and Portfolio Management (Dryden)
Fabozzi F.J.: Bond Markets, Analysis and Strategies (Prentice Hall)
Reuters: An Introduction to Foreign Exchange & Money Markets (The Reuters Financial Training
Series, 1999, Published by John Wiley & Sons).
Reuters: An Introduction to Equity Markets (The Reuters Financial Training Series, 1999, Published by
John Wiley & Sons).
Reuters: An Introduction to Derivatives (The Reuters Financial Training Series, 1999, Published by John
Wiley & Sons).
Reuters: An Introduction to Bond Markets (The Reuters Financial Training Series, 1999, Published by
John Wiley & Sons).
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Reuters: An Introduction to Technical Analysis (The Reuters Financial Training Series, 1999, Published
by John Wiley & Sons).
Kolb R.W.: Futures, Options and Swaps (Blackwell, 1999)
Course Outline & Bibliography
Lectures' Transparencies-1
Lectures' Transparencies-2
Transparencies - From Reilly's book
Assignment
3.- Political Science I (reading course) – G. Kaouras
6 ECTS credits
Course Outline
Theoretical principles of science in political theory: normative theories, empiric-analytical
theories, dialectic-critical theories.
Methodological research approaches:historic,institutional, behaviouristic, functional ,
comparative.
Basic concepts of political thgeory: state, power, political system, political culture, democracy,
conflict, elite.
Political ideas: liberalism, socialism, conservatism.
4.- Sociology I (reading course) – J. Kavounidis
6 ECTS credits
Course Content
This introductory course examines a wide range of themes, including theoretical
approaches to sociology, stratification and class structure, organizations, urbanism,
gender, family, ethnicity and race.
5.- Selected Topics in European and Greek Economic History, 17th-20th Centuries’
(reading course) - J. Minoglou
6 ECTS credits
(e-mail: iminoglou@aueb.gr ; office: Antoniadou building 4th floor)
The requirements for the course include the oral presentation of one article in the Tutorial; an
essay of 3 ,000 words and a final exam
CONTENTS
Introduction:
Part I:
Towards a theory of Economic History
The grand themes in the study of Economic History
Sources for the study of economic history.
Part II: European Economic History
Sources of economic growth in pre-industrial Europe; The first industrial revolutions;
Industrialization patterns of the latecomers; Entrepreneurship and industrialization.
Part III: Greek Economic History
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Economic legacy of Ottoman Rule; the Greek mercantile Diaspora;
Institutional blockages to economic development: Economic Policy;
Industrialization and de-industrialization; Entrepreneurship.
Spring Semester ( from 17. 02. 2003 till 30. 06. 2003)
1.- EU Institutions and Economic Policy – N. Baltas
6 ECTS credits
(to be confirmed)
Course outline
PART I
General Introduction: History of the European Integration-Objects-The Treaties-Institutions
PART II
A Review of the Theory of Economic Integration
The Single Market
PART III
Major EE Policies
3.1 Common Agricultural Policy
3.2 Regional Policy
3.3 Social Policy
3.4. Energy Policy
3.5 Transport Policy
3.6 Research and Technology Policy
3.7 Industrial Policy
3.8 Competition Policy
PART IV
Economic and Monetary Union
4.1 The Theory of Monetary Integration
4.2 The Moves of Monetary Integration in the EC
4.3 Institutions of the EMU
4.4 The EMU and Macroeconomic Policies in the EU
4.5 The Community Budget
PART V
EC External Trade Policies
5.1 Common Trade Policy
5.2 Development Policy
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2.- Applied Industrial Organisation – H. Louri
6 ECTS credits
Course Outline
What is IO. Firms and their boundaries. Games and strategy.Monopoly and regulation.
Perfect and almost perfect competition. Oligopoly competition. Collusion. Market
structure and market power.
Price discrimination. Vertical relations. Product differentiation and advertising. Entry
and exit. R&D. Networks and standards.
The main textbook is L. Cabral's 'An introduction to IO', MIT Press, 2000.
Further readings from M.Waterson's 'Regulation of the firm and natural monopoly',
Blackwell 1988, S. Martin's 'Industrial Economics: Economic analysis and public policy',
Prentice Hall 1994, D. Hay and D. Morris' 'Industrial economics and organization',
OUP 1991.
3.- Labour Economics – H. Chadjicharitou
6 ECTS credits
Course content
The role of the resource of labour in the productive procedure. The importance of Labour
Economics and its relation with the other social sciences. The economic and institutional
factors of the labour market. The analysis of labour market at local, regional, national,
European and international level. The main determinants of the size of the labour force
and its quality. The investment in human capital . Static and dynamic analysis of the
individual and total labour supply. The elasticity of labour supply. Labour force mobility
and efficiency. The short – run and long – run demand for labour under competitive or
non – competitive conditions in the product market. The elasticity of labour demand.
Wage determination and resource allocation under competitive or non- competitive
conditions. Labour unions and collective bargaining. The economic impact of unions.
The wage structure and labour market discrimination. Employment and unemployment: a
brief reference of what is happening in the European Union countries. Unemployment
data sources, its measurement and its comparability between the European Union
countries. How the various countries cofront the social problem of unemployment.
4.- Economic Geography – H. Karaveli
6 ECTS credits
Course outline
Modern vievs of economic geography: The place of economic geography in economic
science and ‘the new economic geography’. The theoretical background to economic
geography: Relations between geography, urban economics, economic development and
international trade. Economies of scale and agglomeration in contemporary world. The
development of cities and urban hierarchy. New economic geography models. Facets of
contemporary globalization and regional integration. Regional trading blocks in the
global economy. Theories and models of convergence and divergence. Economic
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integration and regional specialization. The economic geography of the European
Union: Growth poles and industrial clusters in Europe. Convergence or divergence
among European regions?
References
Baldwin, R., D. Cohen, A. Sapir and A. Venables (1999). Market Integration,
Regionalism and The Global Economy. Centre for Economic Policy Research.
Cambridge University Press.
Dicken, P. and P. Lloyd (1990). Location in Space: Theoretical Perspectives in Economic
Geography. Harper Collins Publishers.
Dunning, J. (1998). Globalization, Trade and Foreign Direct Investment. Elsevier.
Fujita, M., P. Krugman, and A. Venables (2000). The Spatial Economy: Cities, Regions
and International Trade. The MIT Press.
Junius, K. (1999). The Economic Geography of Production, Trade and Development.
Mohr Sieberg, Germany.
Krugman P. (1991a). Geography and Trade. Leuven University Press, Belgium.
Krugman P. (1991b). ‘Scale economies, product differentiation and the pattern of trade’.
The Journal of Political Economy, Vol. 99, No. 1, pp. 483-499.
Krugman P. (1995). ‘Growing World Trade: Causes and Consequences’. Brookings
Papers of Economic Activity, 1: pp.327-377.
Toner, P. (1999). Main Currents in Cumulative Causation: The Dynamics of Growth and
Development. MacMillan Press and St. Martin Press, London and New York.
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II.- From the Department of International and European Economic Studies:
Autumn Semester (from 01.10. 2002 till 14. 02.2003)
1.- International Economics – P. Hatzipanayotou
7 ECTS credits
COURSE DESCRIPTION
1. International Trade: Theory and Policy
Modern theoretical and analytical approach: to the theory of absolute and comparative advantage in international
trade; to the theory of trade induced income distribution (national and across-countries); to the relation between
national factor endowments and international trade; to the theory of international trade policy.
2. International Monetary relations: Theory and Policy
Modern theoretical and analytical approach of the developments in international monetary
relations, with an emphasis in: foreign exchange markets and the theory of the determination of the
exchange rate; crises in foreign exchange markets; efficacy of the international macroeconomic
policies and of the transformation of the international monetary system.
MAIN TEXT BOOK
Krugman, Paul & Maurice Obstfeld, International Economics: Theory & Policy
** Notes:
1. Copies of the text may be found in the Reserve Section of the University’s Library.
2. It is advisable that students enrolled in this course must have a good command of
Intermediate Macroeconomic and Microeconomic Theory.
COURSE OUTLINE
1. International Trade: Theory and Policy

Labor Productivity, Absolute-Comparative Advantage: Το Ricardian Model of
International Trade (ΚΟ: Chp. 2)

Factor Endowments and International Trade: The Heckscher-Ohlin-Samuelson Model of
International Trade (ΚΟ: Chp. 4, 5, 9)

Instruments of Economic Policy in International Trade (ΚΟ: Chp. 9)
2. International Monetary Relations: Theory and Policy


Foreign Exchange Markets, Money, Interest Rates and the Exchange Rates (ΚΟ: Chp 13,
14, 16)
Income, Prices and Macroeconomic Policies in an Open Economy (ΚΟ: Chp 15)
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
Coordination of Foreign Exchange Markets and the International Monetary System (ΚΟ:
Chp. 19, 20, 21).
COURSE AND GRADING PROCEDURES
There will be a weekly two (2)-hours lecture for the course. Course performance will be evaluated on the
basis of the following items:
1st Exam (Int’l Trade: Theory and Policy)
2nd Exam (Int’l Finance)
Term Paper
*
40%
40%
20%
*Topics and relevant instruction for the term paper will be given and discussed in due time.
2.- European Economy (reading course-seminars) – J. Loizides
7 ECTS credits
Course Content
1. WESTERN EUROPE IN THE 1970s
 Main economic characteristics of the decade.
 Growth and instability in the 1970s
 Energy and commodity problems
 Inflationary pressures
 How strong were real growth forces
 Macroeconomic management under stagflation
2. WESTERN EUROPE IN THE 1980s
 The search for stability
 General trends
 Impact of the second oil shock
 The long recovery
 Disinflation
 Consumer spending and saving
 Fixed investment
 International trade
 Budget deficits and policy formation
 The unemployment problem
 Structural rigidities, innovation and competitiveness
 Lasting stability?
3. WESTERN EUROPE IN THE 1990s
 The economic performance of the world economy and the European economies
 The European Monetary System.
 Factors behind the low performance of the European economies during the
recession period 1992-93.
 The economic consequences of the unification of Germany.
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 The economic and financial crisis in Southeast Asia and in other emerging market
economies.
 European Monetary Union. Opportunities and new challenges.
4. EASTERN EUROPE IN TRANSITION.
TEACHING METHOD & ASSESSMENT
This is a reading-seminar course. A week before an essay list is provided to the
students and chose the topic they are interested in. To promote co-operation students
are encourage to work together as a group of two-or-three individuals and prepare,
every week, an assignment on the above topics and according to the instructions and
readings supplied by the tutor. Next week students present their assignment in a class
of approximately 20 students, under my supervision. Students are evaluated
according to their oral and written presentation.
Bibliography
1. European Economy (various issues). European Commission.
2. The European Economy 1914-2000. Aldcroft Derek, Routledge 2001.
3. European Macroeconomics, Barro, R, and Grilli V. Macmillan 1994.
3. Articles and case studies.
3.- Multinational Enterprises – M. PAPANASTASSIOU
7 ECTS credits
e-mail: marinap@aueb.gr
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LECTURE TITLE
INTRODUCTION-TERMINOLOGY-MEANS OF INTERNATIONAL EXPANSION
ECONOMIC THEORIES OF FOREIGN DIRECT INVESTMENT- (FDI)
TRADE THEORY AND THE MULTINATIONAL (MNE) (Corden)
PRODUCT CYCLE (Vernon)- (Hirsch)
TRANSACTION COSTS (Coase)- Internalization-VERTICAL AND HORIZONTAL
INTEGRATION (Casson & Buckley)
IDNUSTRIAL ORGANIZATION- Hymer
ECLECTIC PARADIGM AND Development Path Theory (Dunning)
Managerial theories AND THE MNE
Managerial theories
Behavioral theories
Contemporary profit maximization theories
TECHNOLOGY AND MNES
SUBSIDIARIES AND LABS IN MNES
STRATEGY IN MNES
STRATEGY IN MNES
REVIEW
NEW TRADE THEORIES
NEW TRADE THEORIES
Kojima PAPER by
McDougall PAPER by
ΤΒΑ
Transfer pricing
ΤΒΑ
Empirical analysis of FDI
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Empirical analysis of FDI
Past papers
+Note: in case of alterations there will be prior information.
Reading list and material for the scheduled exam periods


Class-notes
Textbook: : « Hood, N. And Young, S. (1979) The economics of Multinational Enterprise, London:
Longman. pp. 1-24, 44-68, 87-113, 136-153, 176-177, 181-183, 284-290.
 Following list of papers:
1. Hirsch, S. (1976) «An international trade and investment theory of the firm», Oxford Economic Papers,
28, 258-270. $ (lecture, 4)
2. Kojima, K. (1973) « A macroeconomic approach to foreign direct investment», Hitotsubashi Journal of
Economics, 14, 1-21. * (lecture, 19)
3. Porter, M. (1986) « Competition in global industries: a conceptual framework» in M. Porter (ed.)
Competition in Global industries, Boston: Harvard Business School Press. * (lecture 14-15)
4. Corden, W. (1974) «The Multinational corporation and international trade theory» University of
Reading, Discussion Papers in International Investment and Business Studies, No. 10. * (lecture 3)
5. Bartlett, C. And Ghoshal, S. (1986) «Tap your subsidiaries for global reach», Harvard Business
Review, 64, 6, 89-94. $ (lecture 14-15)
6. Casson, M. (1987) «The economic theory of the multinational enterprise: its contribution to the theory
of the firm», 1-16. * (lecture 6)
7. Pearce, R. And Papanastassiou, M. (1996) The technological competitiveness of Japanese
multinationals. The European dimension, pp. 27-47. * (lecture 13)
8. Venables, A. (1999) Fragmentation and multinational production, European Economic Review, 43, 4-6,
pp.935-945. (lecture 18) $
9. Venables, A. (1998) The Assessment: trade and location, Oxford Review of Economic Policy, 14, 2, pp.
1-6. $ (lecture 17)
10. Culem, C. (1988) The locational determinants of direct investments among industrialised countries,
European Economic Review, 21, 885-904. $( lecture 25)
11. Billington, N. (1999) The location of foreign direct investment: an empirical analysis, Applied
economics, 31, pp. 65-76. $ (lecture 24)
* Theses papers can be found in a special box in the library- reading room
$ You can find these papers in the journal section of the library.
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Legal Aspects of European Integration – A. Pliakos
7 ECTS credits
Course content
The history of European Integration.The structure of the European Union.The Constitution of the
European Union. The Community legal order. The Institutions. Community Legislation and legal
istruments. Policy – making and administration. The application of EU law. The European
Judicial System. The objectives, the means and the principles of the EU. Fundamental rights. The
freedoms. The policy regulation mechanisms. Competition law. External relations.
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2.- The Economics of European Integration – Th. Georgakopoulos
7 ECTS credits
Course Outline
 Theory of customs unions and common markets.
 A short review of developments in the European Union.
 Fiscal harmonization and fiscal integration.
 Microeconomic policies( competition policy, industrial policy, agricultural policy,
social policy, regional policy and structural funds)
 Monetary integration and macroeconomic policies.
 External economic relations.
Bibliography
Th. Chytiris: The Economics of the Common Market, 4th Edition
L. Tsoukalis: The New European Economy, Oxford, OUP
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III.- From the Department of Business Administration
Autumn Semester (from 01.10. 2002 till 14. 02.2003)
1.- Advertising and Communication Management (reading course) – G. Panigirakis
6 ECTS credits
Course Content
The course is composed of the following lectures:
 Integrated Marketing Communication
The purpose of this introductory lecture is to examine the communication process by
introducing the student to the fundamentals of communication and examining
perspectives of how audients respond to advertising messages within the communication
process.
This Lecture introduces the concept of Integrated Communication and examines how the
various promotional elements must be coordinated in order to communicate effectively.
 Setting Communication Objectives
Advertising planning and Decision-making
Focuses on setting Advertising Objectives within the broader context of Integrated
Communication Objectives, and introduces concepts involved in advertising planning
and decision-making.
The role and purpose of the planning as well as the presentation of the steps required in
developing this plan are also covered.
 Sales Promotion, Direct Marketing and Personal Selling
This Lecture analyses Promotion as well as Direct marketing and Personal Selling as
being important elements of Communication (promotional) Mix.
Besides, during the lecture, Emphasis will be given on their relative importance for the
creation of an effective merchandising plan.
Particularly, the part regarding Sales promotion focuses on both consumer and tradeoriented promotions, supporting the view of their effective integration.
 Public relations, publicity and Corporate Advertising
Focuses on these particular elements and the related topics, by giving emphasis on their
Advantages and Disadvantages as well as on their increasing importance among
promotional mix elements.
 Creative Strategy
Within the frames of Advertising Management, this lecture discusses the concept of copy
platform, critical to the development of advertising campaigns.
In addition, examines the interrelated aspects of Message Strategy and discusses tactical
issues, those related to testing, producing, implementing and revaluating the actual copy.
 Media Strategy and tactics - Media planning
This lecture moves on, to media strategy (setting budgets) and media tactics (allocating
budgets). More specifically, introduces the concepts involved in media planning, as well
as the characteristics of the various media.
 Media Evaluation
Focuses on the importance of measuring the effectiveness of communication programs,
concluding with a discussion regarding the most important problems that are involved in
measuring the effectiveness of the plans.
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
The Field of Communication Management:
Describes the field of advertising, and the institutions through which advertising “flows”, positions
advertising within the organization as well as between the different organisations involved, i.e.
“Advertiser” (Client), “Advertising and / or PR Agency”, “Medium”) , including the topic of how clients
and agencies can work together more effectively.
This lecture focuses on the various tasks and responsibilities involved in advertising and promotion
management
 Regulation of Advertising and Promotion
Examines the regulatory environment in which Marketing Communication operates,
looking at the regulatory constraints and their social impact.
The lecture focuses on governmental as well as internal “regulations”, examining their
role as well as their limits.
 Advertising and Society
Global Marketing and Advertising
This last lecture focuses on the social as well as ethical aspects of communication and
particularly those of Advertising, giving emphasis on the various criticisms regarding the
social effects of Advertising.
Besides, returns the student to the broader environment, i.e. the global marketing context,
discussing the importance, for modern companies, to be able to compete and
communicate effectively within the frames of an international marketing plan.
So, this lecture emphasizes on the major factors influencing marketing and promotional
decisions in foreign markets.
2.- Corporate Finance (reading course) – P. Diamantis
6 ECTS credits
Course outline
The course
This module examines various items in the area of Corporate Finance. For that reason it
is divided into 2 major groups:
a) The first group includes the most important methods concerning Investment
Appraisal.
b) The second group is concerned with the way the Foreign Exchange Market and
Capital Markets operate, and the securities that are exchanged in these markets.
c) The third group examines topics such as the capital Structure and the Cost of Capital.
The references:
The required text for the course is:
Karathanasis, G., (1999): Basic Principles of Corporate Finance and Capital Markets,
4th Edition, Benos Publications
Some highly recommended texts are the following:
 Brealey, A., Mayers, C., (1997): Principles of Corporate Finance, Mc – Graw Hill,
New York.
 Lumby, S., (1996): Investment Appraisal and Financing Decisions, Chapman and
Hall.
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Components of the course
The major components of the course are the following:
 Introduction to Investment Appraisal
 Methods and Criteria of Investments Appraisal
 Net Cash Flows Analysis
 Investment Appraisal and Inflation – Risk
 Corporate Decisions
 Foreign Exchange Markets
 Bonds Valuation
 Asset Pricing Models
 Cost of Capital
3.- Business Strategy (reading course) - V. Papadakis
6 ECTS credits
Course Outline
The course deals with the fundamental problems facing every top manager:
1. How to analyze the external environment of the company: (Structural Analysis of
Industies, 5 Forces, PEST analysis, Strategic Groups, Trends, Scenario Planning etc)
2. How to exploit and build resources and capabilities needed to achieve, maintain and
improve the firms market positioning (strategy as the creation of dynamic
capabilities, resource based view of the firm, Porter’s value chain, organizational
structure)
3. How to direct the company into the future (mission/vision/strategic intent)
4. How to make a strategic choice, given a number of alternative strategic options
(corporate expansion strategies, retrenchment/turnaround strategies).
5. How to build and sustain competitive advantage (Porter’s competitive strategies,
value disciplines etc)
6. How to create a strategy responsive organization by tuning systems, structures and
people to strategy, and how to effectivelly manage the process of strategizing
(McKinsey’s 7S etc).
TEXTBOOK
The adopted textbook is the following:
Johnson G. and K. Scholes, “Exploring Corporate Strategy: Text and
Cases” Prentice Hall Europe, fifth edition, 1999. (ISBN: 0130807400)
Other recommended books:
Hitt, M.A. R.D. Ireland, and R.E. Hoskisson, Strategic Management: Competitiveness
and Globalization, West Publishing Company, 2001, fourth edition. It is probably one
of the best textbooks in the field.
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Hill C. & G. Jones, ''Strategic Management Theory: An integrated Approach'', Houghton
Mifflin, 1998, 4th edition.
Markides C., All the Right Moves, Boston, Harvard Business school Press, 1999.
Hamel G. Leading the Revolution, Harvard Businss School Press 2000.
Hamel G. and C.K. Prahalad, Competing for the Future, first edition, Harvard Business
School Press, 1994.
4.- Topics in Applied Microeconomics – K. Bourlakis
6 ECTS credits
Course Outline
Aim of the Course
The aim of this course is to provide a selective treatment to advanced Topics in Applied
Microeconomics, with concepts drawn from the theory of Managerial Economics, Industrial
Economics / Organization and Business Policy pertinent to the strategic management
decision. The course will provide the students with a sound theoretical and empirical
background in Topics in Applied Microeconomics, and will enable them to develop the
ability to analyze rigorously some of the more important problems that students could
encounter as managers / civil servants / entrepreneurs :
(a) In deciding which business policies managers should pursue under conditions of
uncertainty and interdependence in the market place.
(b) In alerting the management to changes in the external environment which impinge
directly on private and public companies.
Structure of the Course
The course consists of 20 Lectures. Topics included in the course are :
Is Monopoly Socially Undesirable ? ; Barriers to Entry, Oligopoly and Collusion ; Product
Pricing Practices ; Product Differentiation and Advertising ; Mergers, Takeovers and
Networks ; Bilateral Relationships : Vertical Integration and Vertical Restrictions ;
Diversification and Company Performance ; The Multinational Alternative ; Generic
Strategies, Strategic Groups and Mobility Barriers ; Strategy Implementation in Different
Industry Environments, Company Strategies in the 21st Century.
Assessment and Coursework
The course will be examined in a two-hour examination. Students may enhance their final
pass examination mark by writing one piece of coursework (assignment), which will be
marked and returned with comments. The coursework (assignment) topic will relate to
material discussed in lectures.
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Reading
There are numerous excellent texts on Applied Microeconomic Theory, Managerial
Economics and Industrial Economics / Organization that can be used alongside the
following recommended texts.
Salvatore, D., (1997), Microeconomics : Theory and Applications, 3rd Edition, Addison –
Wesley, New York.
Pindyck, R. S. and Rubinfeld, D. L., (1998), Microeconomics, 4th Edition, Prentice Hall,
New Jersey.
Mansfield, E., (1996), Managerial Economics : Theory, Applications and Cases, 3rd Edition,
W.W. Norton and Company, New York.
Reekie, W. D. and Crook, J. N., (1995), Managerial Economics, A European Text, 4th
Edition, Prentice Hall, New York.
Salvatore, D., (1993), Managerial Economics in A Global Economy, 2nd Edition, McGraw Hill International Editions, New Jersey.
Ferguson, P. R. and Ferguson, G. J., (1994), Industrial Economics : Issues and
Perspectives, 2nd Edition, Macmillan, London.
Craig, J. C. and Grant, R. M., (1993), Strategic Management, Kogan Page, London.
Grant, R. M., (1998), Contemporary Strategy Analysis, 3rd Edition, Blackwell, Oxford.
Johnson, G. and Scholes, K., (1993), Exploring Corporate Strategy, Text and Cases, 3rd
Edition, Prentice Hall, New York
5.- Macroeconomics (reading course) – G. Vamvoukas
6 ECTS credits
Course Outline
The purpose of this reading material is to provide a recent and understandable analytical outline in
Macroeconomics. Students who have had a course in Principles in Economics will be more accessible with
the reading material. This reading course aims at covering the most important recent developments in
Macroeconomic theory and policy. Combining theory and empirical applications helps students learn how
to think like an economist. The coverage of the reading material includes the following:
- The subject matter of macroeconomics
- The measurement of the main macroeconomic indicators
- The national income accounts
- Determinants of output and employment in Classical Macroeconomics
- The quantity theory of money
- The Cambridge view to the quantity theory
- Friedman’s quantity theory
- Baumol’s inventory approach to transactions demand
- Tobin’s theory of the determination of the optimum portofolio
- The Keynesian model of closed economy
- The Keynesian model of open economy
- Wage determination and real-wage rigidity
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- Saving, consumption, capital and investment
- The Solow model of growth dynamics
- Rational expectations and the permanent income hypothesis
- Money demand and money supply in the Keynesian system
- Interest rates and Inflation
- The IS-LM framework
- The AD-AS curve model
- Factors affecting the IS and LM schedules
- Shifts in the AD and AS curves
- The effectiveness of monetary and fiscal policy in the Keynesian system
- The Phillips curve and the natural rate of unemployment
- Short-run and long-run Phillips curve
- Exchange rates and the purchasing power parity
- New Classical Economics
- Real business cycle models
- Endogenous growth models
- The Keynesian view of debt and deficit
- The Ricardian equivalence theory
Recommended Books-References
1) Abel A.B. and Bernanke B.S., Macroeconomics, Addison-Wesley, 4th
Edition, 2001.
2) Baily M.N. and Friedman P., Macroeconomics, Financial Markets, and
the International Sector, IRWIN, 3rd Edition, 2000.
3) Barro R.J., Macroeconomics, The MIT Press, 6 th Edition, 2001.
4) Blanchard O., Macroeconomics, Prentice-Hall International, 2nd Edition,
2000.
5) Dornbusch R. and Fisher S. and Startz R., Macroeconomics, MaGraw-Hill, 8th Edition,
2001.
6) Froyen R.T., Macroeconomics: Theory and Policy, Prentice-Hall
International 6th Edition, 2000.
7) Hall R.E. and Taylor J.B., Macroeconomics, Norton & Company, 7 th
Edition, 2001.
8) Mankiw N.G., Macroeconomics, Worth Publishers, 2 nd Edition, 2000.
9) Mishkin F.S., The Economics of Money, Banking, Financial Markets,
Addison-Wesley, 6th Edition, 2001.
10) Parkin M., Macroeconomics, Addison-Wesley, 4th Edition, 2001.
16
11) Vamvoukas G.A., The Twin Deficits Phenomenon, Applied Economics,
September 1999.
12) Vamvoukas G.A., A Note on Budget Deficits and Interest Rates,
Southern Economic Journal, January 1997.
Students who have to present essays, case studies, applications and assignments can find useful
information in several international journals, such as Applied Economics, Atlantic Economic Journal,
Economic Inquiry, Economic Journal, International Economic Journal, International Economic Review,
Journal of Developing Economics, Southern Economic Journal and Review of International Economics.
Useful sources of current and historical statistics are a number of web sites, such as
http//europa.eu.int/eurostat.html, http://www.wto.org,
http://www.worldbank.org, etc. Important data
sources are the Main Economic Indicators (OECD), International Financial Statistics (IMF), World
Economic Outlook (IMF), Economic Outlook (OECD) and European Economy (Eurostat).
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- International Marketing Management – G. Panigirakis
6 ECTS credits
(to be announced)
2.- Capital and Money Markets Analysis – J. Tzoannos
6 ECTS credits
Course Outline
1. – Financial Assets and Markets: Types of Securities and Markets.
2. – National and International Money Markets.
3. – The Foreign Exchange Markets. Hedging of Risks.
4. – Exchange Rate and Interest Rate Determination Theories.
5. – Stock Exchanges
6. – Market Efficiency
7. – Market Regulation: National and E.U. Regulations.
8. – Portfolio Analysis
9. – Capital Asset Pricing Model.
10. – The Creation of a Single European Capital Market. Stock Exchange Mergers.
BIBLIOGRAPHY
1. – Fabozz F. J. and F. Modigliani: Capital Markets: Institutions and Investments,
Prentice-Hall.
2. – Haugen R. A. "Modern Investment Theory " Prentice-Hall
3. – Shapiro A.C. "Foundations of Multinational Financial Management" Allyn and
Bacon
4. – Sharpe W. , G. Alexander and J. Bailey "Investments" Prentice – Hall.
5. – Articles in Periodicals
6. – E. U. Publications
17
3.- International Economics (reading course) – G. Vamvoukas
6 ECTS credits
COURSE OUTLINE AND READING MATERIAL
This reading material is a one no more than a basic introductory course -term overview of
International Economics. The students may have had in Economic Principles. The primary
purpose of this reading material is to present a clear and straightforward account of the current
topics in international economic theory and policy. The reading course covers the following
standard topics in International Economics:
-
Content, Scope and Importance of International Economics
-
The Law of Absolute Advantage
-
The Law of Comparative Advantage
-
The Gains from International Trade with Constant Costs
-
The Gains from International Trade with Increasing Costs
-
The Heckscher-Ohlin Model
-
The Factor-Price Equalization Theorem
-
International Movements of Labor and Capital
-
The Effects of a Tariff
-
Protectionism and Barriers to Trade
-
Import-Substituting Industrialization and the Export-led Growth Hypothesis
-
Commercial Policy and Multilateral Trade Negotiations
-
Economic Integration, Trade Creation and Trade Diversion
-
The Balance of Payments
-
The Foreign Exchange Market and Exchange Rate Systems
-
The Exchange Rate and the Purchasing Power Parity
-
The International Monetary System: Past, Present, Future
-
Developing Country Debt Crisis
-
The Multinational Firms
-
Transition Problems in Russia and Central Europe
-
International Trade, Competitiveness and Globalization
-
Open-Economy Macroeconomics: Mundell-Fleming Model
-
The United States, and the Monetary and Economic Union
18
Recommended Books-References
1) Appleyard D.R. and Field A.J., International Economics, Irwin McGraw-Hill, 4th Edition,
2001.
2) Dunn R.M.,Jr. and Mutti J.H., International Economics, Routledge, 5th Edition, 2000.
3) Gerber J., International Economics, Addison-Wesley, 1999.
4) Hallwood C.P. and MacDonald R., International Money and Finance, 4th Edition, 2001.
5) Krugman P.R. and Obstfeld M., International Economics: Theory and Policy, 5th Edition,
2001.
6) Salvatore D., International Economics, Prentice Hall International, 7th Edition, 2001.
7) Sodersten B. and Reed G., International Economics, McMillan, 3rd Edition, 1994.
8) Vamvoukas G.A., Further Evidence on the Export-led Growth Hypothesis, Applied
Economics Letters, April 2002 (co-authored by E. Panas).
9) Vamvoukas G.A., The Twin Deficit Phenomenon, Applied Economics, September 1999.
10) Vamvoukas G.A., Budget Deficits and Interest Rates: Evidence from a Small Open
Economy, Southern Economic Journal, January 1997.
11) Vamvoukas G.A., Budget Expenditures and Revenues: An Application of ErrorCorrection Modelling, Public Finance, January 1997.
Students who have to present assignments or essays and investigate international economic
problems will find useful to consult: a) specialized journals such as The International
Economic Review, The Journal of International Economics, Review of International
Economics, International Economic Journal, The World Economy, and The Journal of
International Money and Finance; b) sources of international data (IMF, OECD, World
Bank, e.t.c.); and c) internet sources ( www.imf.org, www.worldbank.org, www.wto.org).
Recommended Essays
1) Analyze the external debt problem of the developing countries.
2) Describe the main characteristics of the international monetary system.
3) Using actual data, discuss the twin deficit theory.
4) Explain why a devaluation of the domestic currency has an expansionary effect on
aggregate economic activity.
5) Why has Japan been facing a serious recession in the last five years?
6) Discuss the Swan diagram.
7) Discuss the factors which contributed to the expansion of the U.S. economy between 1991
and 2001.
19
8) Using data from various countries, discuss the concept of the real exchange rate.
9) Discuss the export-led growth hypothesis. Is the hypothesis valid?
10) Employing real data, discuss the balance of payments of a country.
11) Explain the difference between the purchasing power parity and the nominal exchange
rate.
20
IV.- From the Department of Management Science and Marketing:
Autumn semester (from 01.10. 2002 till 14. 02.2003)
1.- Public Relations (reading course) – Ι. Nikandrou
6 ECTS credits
Course Outline
1. PLANNING & MANAGEMENT:
 The Function of Public Relations
 In-house departments & PR consultancies
 Writing reports and proposals
 Managing planned PR programmes
 Determining objectives
 Defining publics
 Selecting PR media
 Budgeting
 Assessing results
2. MEDIA RELATIONS:
 Role of the press officer
 Writing news releases & feature articles
 Presentation of press material
 Organising PR functions & events
3. THE MEDIA OF COMMUNICATION:
 The press
 Broadcasting
 Overseas media
 Films, video, audio & visual aids
 Seminars, meetings & conferences
 Exhibitions
 PR literature
 Special PR media & techniques
4. SPECIAL AREAS OF PR:
 Marketing & PR
 Corporate image & identity
 Financial PR
 Internal PR
 Crisis management
 Sponsorship
 Corporate & issue advertising
 Political & parliamentary PR
 Pre-selling through market education
 TEACHING METHOD & ASSESSMENT
21
The course is taught for 4 hours per week for 12 weeks. Approximately 25 students are
attending the class and the marks range from 0 to 10. 5 is the passing grade.
The course material is based on the textbook, extra reading and articles supplied by the
Professor. The assessment is based on a formal 2-hour written exam plus a written
project of 15 pages. Students will prepare this project on a personal or group basis and
will make an oral presentation of 30 minutes in class.
 DURATION AND COURSE CREDITS
One four-hour lecture per week, October to January
6 ECTS credits
 READING MATERIAL
Textbook: Jefkins Frank, Public Relations Techniques, Heinemann Professional
Publishing, 1988.
Other books: Seitel Fraser, The Practice of Public Relations, Prentice Hall, 1995.
White & Mazur, Strategic Communications Management, Addison-Wesley, 1994.
Journals:
Public Relations Quarterly.
Public Relations Review
2.-Marketing of Financial Services – P. Papastathopoulou
6 ECTS credits

Course Outline
An introduction to services: Special characteristics of services-Implications to marketing

Types of financial services

Market Segmentation, Market Targeting and Positioning of financial services

Marketing research in financial services markets

Framing the financial service experience: The SERVUCTION Model

The development of new financial services: NSD process, Key Success Factors

Elimination strategies of financial services

Service quality in the financial services market

Marketing Planning
PEDAGOGICAL APPROACH
The learning process of the course is built upon both an active interaction between the tutor and
the participants, as well as the personal work of the participants. Sessions will be based on
presentations, discussions, and examples.
Participants are expected to participate actively and prepare class presentations. Participants will
be given notes, which will be the main reading material of the course.
EVALUATION
The evaluation of participants will be based on:
22
(i) an exam that will be taken around the 15th of January, 2002 [40%]
(ii) an assignment [30%]
(iii) a case study [30%]
The assignment and the case study will be prepared in teams and presented in the classroom.
SELECTED BIBLIOGRAPHY
Arthur Meidan, Marketing Financial Services, MacMillan Business, London, 1996.
Tina Harrison, Financial Services Marketing, Prentice Hall, 2000.
3.- Organizational Behaviour - M. Vakola
6 ECTS credits
Course Content
Rationale
There are traditional societies in which organisation in the modern sense do not exist. In
the modern world, however, organisations are a universal way of achieving goals within
societies. All of us find ourselves part of organisations or are affected by organisations.
For example, schools, hospitals and government departments are all organisations. For
students of information technology and business, the most relevant types of organisation
to understand are industrial and commercial organisations, which are distinctive in some
ways, but also share many features with organisations in general. A grasp of social
structure and process within organisations is essential in
order to achieve any task within them.
Aims
To help students achieve a systematic understanding of the main aspects of the behaviour
of organisations and of behaviour within organisations.
Objectives
On successfully completing the module, the student will be able to do the following:
 Locate current thinking about behaviour of organisations (sometimes called
`organisational theory') and behaviour in organisations (sometimes called
`organisational behaviour') in the historical context of management theories.
 Explain the issues involved in understanding organisational structure, process
and change, in terms of open social systems located in a complex. chaotic
sociotechnical environment.
 Identify and analyse small social groups within organisations, including
the
aspects of communication, co-operation and conflict.
 Apply knowledge of the dynamics of small groups in understanding the successful
building and management of high performance teams.
 Account for the main features of human behaviour in organisations, drawing on
current approaches in social and interpersonal psychology.
 Demonstrate a grasp of the issues involved in making decisions within the context
of what is known about the behaviour of organisations and behaviour in
organisations.
23
Teaching method
The delivery of this module will involve formal presentations and classroom discussions
in conjunction with case studies, videos and individual and group exercises.
Assessment
The assessment for this course will comprise:
Examination
50%
Group Assignment
30 %
Oral presentation
20%
Examination
The examination is designed to test that students understand the issues covered during
the course lectures. The exam paper includes questions which require short answers and
covers the whole range of taught units.
Assignment
The coursework of this module is a group report of (2.000-2.500 words) based on
scientific papers taken from national or international journals. You can form your own
group. Each group must have five members. Please note that there is no peer assessment.
Each group has to conduct a basic literature review of a topic of your choice (the list of
suggested topics can be found in the following section) using the journals catalogue of
the library, cd-roms, interlibrary loans etc. The papers must be very recent (1990 and
onwards).
It is highly recommended to follow the following structure
1) Introduction
2) Aims and Objectives
3) Why (your chosen subject) is important for an organisation?
4) What is the current thinking in (your chosen subject)?
5) How does this thinking affect modern organisations?
6)Conclusions
Report
2000-2500
The format and the content of the report are to be explained further in the first lecture.
Suggested topics
1. Motivation in organisations
2. Learning in organisations
3. Personality and Psychometric Testing in organisations
4. Groups in Organisations
5. Technology in Organisation
6. Leadership in organisations
7. Organisational Culture
8. Organisational change/Management of Change
9. Communication in organisations
10. Other (if you would like to conduct research in other topic that is not included in this
list you are allowed to do it only after discussing it with the lecturers)
24
Course Outline
Please note that there may be changes in the order of the following units
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 8
Week 9
Week 10
Introduction to the course
Introduction to the organisations
Motivation in Organisation
Motivation in organisations (2)
Communications in organisations
Learning in organisations
Groups in organisations
Organisational change/culture
Organisational change/culture (2)
Technology in organisation
Recommended:
Huczynski A & Bycmanan D Organisational Behaviour Prentice Hall,1994
Scott. Organizations: Rational, Natural and Open Systems. 3rd edition. Prentice-Hall
International, 1992.
.Luthans. Organizational Behaviour. 6th Edition. McGraw-Hill, 1992.
Mullins. Management and Organisational Behaviour: an Introductory Text. 2nd
Edition, Pitman, 1992.
Morgan. Images of Organization. Sage Publications, 1986.
Robbins. Organization Theory: Structure, Design and Applications. 3rd edition.
Prentice Hall International, 1990.
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Human Resource Management – N. Papalexandris, L. Panayiotopoulou
6 ECTS credits
Course Content
PART 1 – THE NATURE OF PERSONNEL MANAGEMENT
1. A PHILOSOPHY OF PERSONNEL MANAGEMENT
I. Historical Development
II. The Deviant or Conformist Innovator
III. The Personnel Function of Management
IV. A Philosophy of Personnel Management
2. THE PERSONNEL ROLE IN THE ORGANIZATION
I. Personnel or Human Resources Management?
II. Professionalism
III. The Relationship of Personnel to Other Management Functions
IV. Staffing and Organization of Personnel Function
V. Evaluation and Future of Personnel Function
3. PERSONNEL POLICY AND STRATEGY
I. The nature of Policy and its Value
II. Personnel Policy and Strategy
III. A Framework for Management Action
IV. The Reason of Having Policies
V. The Nature of Personnel Policy
VI. Devising Policies
25
VII. Implementing Policies
VIII. Policy, Formality and Change
4. HUMAN RESOURCE PLANNING
I. The Nature of Policy and its Value
II. Terminology
III. Human resources planning: Purpose and Context
IV. The Nature of Human Resource
V. Feasibility and Importance of Human Resource Planning
VI. Organizational and Human Resources Planning and the
Role of Personnel
VII. Human Resources Planning Activities
PART 2 – PERSONNEL MANAGEMENT AND ORGANIZATION
5. HUMAN RESOURCE PLANNING IN PRACTICE
I. Soft Human Resource Planning Methods
II. Hard Human Resource Planning Methods
III. Methods for Changing Employee Utilization
IV. Analysis of current employee supply
V. Reconciliation, decisions and plans
6. ORGANIZATION STRUCTURE
I. The Fundamentals of the Organizing Process
II. Alternative Forms of Organization Structure
7. ORGANIZATION AND CULTURE
I. Corporate Culture
II. Culture in National Context
III. Culture in International Context
IV. Developing Organizational Culture
8. AUTHORITY, LEADERSHIP AND MANAGEMENT
I. Power and authority in the organization
II. The Miligram experiments with obedience
III. Legitimizing authority
9. ORGANIZATIONAL COMMUNICATION
10. I. Communicating in organization
11. II. The process of communicating: the telecommunications analogy
III. Barriers to communication
IV. Ways of communicating in organization
10. INTERPERSONAL COMMUNICATION
I. The elements of performance
II. Interactive incidents and communication ploys
III. Interpersonal communication and the personnel manager
PART 3 – EMPLOYEE RESOURCING
11. JOB ANALYSIS
I. The nature of job analysis, its objectives and uses
II. The information to be collected
III. The role of personnel management
IV. Sources of information
V. Methods of collecting and analyzing the information
VI. Collecting job-related information and writing a job description
12. RECRUITMENT STRATEGY AND EMPLOYMENT
DOCUMENTATION
I. Determining the vacancy
II. Methods of recruitment
III. Recruitment advertising
IV. Employment documentation
V. Shortlisting
13. SELECTION METHODS
I. The role of personnel management in selection
26
II. Selection as a two-way process
III. Choosing selection methods
IV. Selecting methods
V. Group selection methods and assessment centers
VI. Using consultants
VII. Validation of selection procedures
PART 4 – TRAINING AND DEVELOPMENT
14. THE TRAINING FRAMEWORK
I. The training function
II. Why training suffers
III. The vigorous minority
IV. Identification of training needs
V. Evaluation of training
VI. Training for different groups of employees
VII. Induction
15. MANAGEMENT DEVELOPMENT
I. The growth of management development
II. The identity of management development
III. What do managers do?
IV. The goals of management development
V. The elements of management development
16. PERFORMANCE ASSESSMENT AND THE APPRAISAL
INTERVIEW
I. Who is appraised and who appraises?
II. What is appraised?
III. The appraisal interview
IV. Making appraisal work
V. The contingency approach to appraisal
17. PAYMENT ADMINISTRATION
I. The contingency approach to appraisal
II. Job evaluation
III. Pension and sick pay
IV. Incentives, performance pay and fringe benefits
2.- European Economic Policies and Greece – A. Skouras
6 ECTS credits
Historical origins and development of the EU ( treaties of Maastricht, Amsterdam and
Nice). Institutions of the EU. The Budget. The Common Agricultural and Fisheries
Policy. Regional Policy. Social Policy. Competition and Industrial Policies. Research
and Technological Development Policy. Transport, Energy and Telecommunications
Policies. Environmental Policy. The Single European Market. Economic and Monetary
Union. Trade and Commercial Policy. Development Policy. The Enlargement of the EU.
Main texts: R. JONES: The Politics and Economics of the European Union - Edward
Elgar 2nd ed., 2001- OECD Economic Survey of Greece, 2001
27
3.- Electronic Commerce (reading course) – S. Dimitriadis
6 ECTS credits
Course Outline
Course presentation and objectives
Internet and electronic commerce (EC) are emerging as major trends in all types of
markets. Although the extend of their impact is still uncertain and difficult to foresee,
several examples show that EC is transforming current market models by changing the
competition rules, offering new opportunities to expand firm’s markets, reducing
transactions costs, increasing marketing efficiency.
In this context all current or future managers should be able to analyse EC benefits /
risks for their business in order to implement an e-marketing strategy.
Thus the course aims to develop participants’ skills in:
 assessing and anticipating the transformation that EC may bring to a market,
 identifying opportunities that EC offers for marketing strategies
 building an effective EC marketing plan.
Bibliography
Books:
Strauss J., Frost D. R., 1999, Marketing on the Internet: Principles of On-Line
Marketing, Prentice Hall.
Westland C., Clark T., 1999, Global Electronic Commerce: Theory and Cases, MIT
Press.
Hanson W., 1999, Principles of Internet Marketing, South Western Pub.
Articles
Academic revues
1/ Peppers D., Rogers M., Dorf B., 1999, Is Your Company Ready for One-to-One
Marketing?, Harvard Business Review, January-February.
2/ Benjamin R., Wigand R., 1995, Electronic Markets and Virtual Value Chains on the
Information Superhighway, Sloan Management Review, Winter.
3/ Evans P.B., Wurster T.S., 1997, Strategy and the New Economics of Information,
Harvard Business Review, September-October.
4/ Dussart C., 2000, Internet: The One-Plus-Eight ‘Revolutions’, European Management
Journal, vol.18, No 4, August.
5/ Sinha I., 2000, Cost Transparency: The Net’s Real Threat to Prices and Brands,
Harvard Business Review, March-April.
6/ Evans J., King V., 1999, Business-to-Business Marketing and the WWW: Planning,
Managing and Assessing Web Sites, Industrial Marketing Management, vol.28.
7/ Reichheld F., Schefter P., 2000, E-Loyalty: Your Secret Weapon on the Web, Harvard
Business Review, July-August.
Business Press
Business Week, e.biz Reports
Conectis Magazine (Financial Times).
28
V.- From the Department of Informatics:
Autumn semester (from 01.10. 2002 till 14. 02.2003)
1.- Introduction to Computer Science (reading course) – J. Milis
6 ECTS credits
Course Outline
Algorithms, programs and programming languanges. Design of algorithms, sequence, selection
and iteration.
Recursion. Data structures. Complexity and Computabilibity.Computer organization. Memory,
CPU, registers, data path, command execution. Machine languange. Input and output units.
Computer networks, data transmition, protocols.Translators (interpretersand compilers),
operating systems, file systems and data bases.
2.- Data base Management Systems – N. Roussopoulos
6 ECTS credits
Course Outline
The course syllabus includes lectures about the Relational Model (structure of relational
Databases, relational algebra, tuple relational calculus, domain relational calculus, extended
relational-algebra-operations, modification of the Database, Views), SQL language (basic
structure, set operations, aggregate functions, null values, nested subqueries, derived relations,
views, modification of the Database, joined relations, Data Definition Language, embedded
SQL), storage and file structure (overview of physical storage media, magnetic disks, RAID,
tertiary storage, storage access, file organization, organization of records in files, datadictionary storage, storage structures for Object-Oriented Databases), indexing and hashing
(basic concepts, ordered indices, B+-Tree index files, B-Tree index files, static hashing, dynamic
hashing, comparison of ordered indexing and hashing, index definition in SQL, multiple-key
access), integrity constraints (domain constraints, referential integrity, assertions, triggers,
functional dependencies) and Object-Relational Databases (nested relations, complex types and
Object Orientation, querying with complex types, creation of complex values and objects,
comparison of Object-Oriented and Object-Relational Databases). The course also includes a
series of tutorials about Database creation using SQL, Heapsort algorithm, B-Trees and hashing
algorithms.
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- DESIGN AND MANAGEMENT OF DATABASES SYSTEMS , E. J. Yannakoudakis
The architecture of database systems. Conceptual, logical and physical database design. High
level software. The three architectural software levels: schema, subschema, internal schema.
Logical and physical independence. System software, SQL and host languages. Planning, design
and maintenance of database systems. Schemata, tables and views. Repeating groups. The theory
and practice of normalisation (1NF, 2NF, 3NF, 4NF, 5NF, DKNF). Design of relations from
functional dependencies. The universal relation and decomposition theory. Entropy and
redundancy of relational schemata. Databases and multilingual thesauri.
29










Indicative Bibliography
Batini C., Ceri S., Navathe S. B., Conceptual database design,
Benjamin/Cummings, 1992.
Date C. J., An introduction to database systems, Addison- Wesley, 2000.
Α. Silberschatz, H. F. Korth, S. Sudarshan, Database System Concepts, McGrawHill series in Computer Science, March 1998, McGraw Hill College Div.
Hawryszkiewycz I. T., Database analysis and design, Macmillan, 1997.
Yannakoudakis E. J., The architectural logic of database systems, Springer-Verlag,
1988.
Yannakoudakis E. J. & Cheng C. P., Standard relational and network database
languages, Springer-Verlag, 1989.
Zdonik S. & Maier D. (ed.), Readings in object-oriented database systems,
Morgan-Kaufmann, 1995.
Γιαννακουδάκης Ε. Ι., RDBMS INFORMIX και προγραμματισμός σε γλώσσα 4ης
γενιάς, 1997.
Γιαννακουδάκης Ε. Ι., Συστήματα βάσεων δεδομένων SQL, 1999.
Γιαννακουδάκης Ε. Ι., Σχεδιασμός και διαχείριση βάσεων δεδομένων, 1999.
2.- Data mining, - M. Vazirgiannis
6 ECTS credits
Overview
This course covers on-going trends in database Dat, focusing on
techniques that have recently been transferred or will
soon be transferred from research to wide-spread commercial
implementation. The course is to examine architecture, and system
performance requirements.
Topics
Any Selection of the following areas can be studied depending on the
students interests.
Topics to be covered
· Data Warehousing and Multidimensional organization of data , OLAPMOLAP vs ROLAP, how to harness the abundance of inexpensive hardware
resources to make better use of the data kept by large organizations,
and how to do distributed cooperative OLAP from dispersed data sources
including data collected by sensor networks.
· Scallable Database Systems - Systems that harness possibly large
numbers of processors and/or disks to provide, scalable architectures,
cluster computing, caching, query execution strategies, and
inter-database operation.
Readings
Readings consist primarily of research papers and surveys, as no
textbooks discuss the entire range of topics at the proper level of
detail.
30
VI.- From the Department of Statistics
Autumn semester (from 01.10. 2002 till 14. 02.2003)
1.- Introduction to Probability, reading course, 8 ECTS credits
Responsible person: To be announced
Random experiments, sample space, elementary events, events, definitions and interpretation of
probability, probability measure, axioms of probability theory, probability properties,
independence of events, Bayes theorem, random variable, probability function, probability
distribution, moments, percentage points, discrete and continuous distributions: Poisson,
binomial, geometric, negative binomial, normal, uniform, exponential distributions.
Approximations of distributions, joint distribution, independence of random variables, conditional
distributions, Poisson process, Law of Large Numbers and its relation to the definition of
probability as the limit of relative frequency, Central limit theorem.
Recommended Reading:
 Xekalaki, E. & Panaretos, J. (1993): Probability with Elements of Stochastic Processes,
Athens, (In Greek).
 Feller, W. (1971). “An Introduction to Probability Theory and its Applications” Vol. I, 4rth
Ed., Wiley New York.
 Galambos, J. (1984). “Introduction Probability Theory”. Marcel Dekker, New York.
 Mendenhall, W., Beavec R.J. & Beaver, B.M. (1999): Introduction to Probability &
Statistics (10th edition), Duxbury Press.
 Ross, S. (1976). “A First Course in Probability”. Collier, Macmillan, New York.
 Ross, S. (1983). “Introduction to Probability Models”. 2nd Ed. Academic Press, New
York.
 Snell, J.L. (1988). “Introduction to Probability”. Random House, New York.
 Surbrahmaniam, K. (1990). “A Primer in Probability”, (2nd Ed.), Marcel Dekker, New
York.
2.- Descriptive Statistics, reading course, 8 ECTS credits
Responsible person: To be announced
Introduction to the basic problems of Statistics, kinds of data, basic ideas of Statistics, the role of
statisticians in drawing statistical conclusions, ways of data collection, statistical way of thinking
and decision making processes, run charts, introduction to the design and analysis of
experiments, the use of computers in statistical analysis, statistical software programs (MINITAB
and SAS).
Graphical methods of data presentation (dot diagrams, stem and leaf plots, frequency
distributions and histograms, frequency polygons, pie charts, bar charts, line charts, distortions by
graphical methods).
Numerical presentation of data, measures of location or central tendency, comparison of mean
properties, median properties and mode properties, measures of variation, calculation of sample
variation and deviation, degrees of freedom, interpretation and use of standard deviation,
Chebyshev’s theorem, percentiles, standardized values, coefficient of co-variation, measures of
asymmetry and kyrtosis, standardized coefficient of skewness, coefficient of Kyrtosis.
Times series definitions, primary and derived time series, time series examples, time series
components, statistical definition of trend and seasonal component (Introduction).
Recommended Reading:
 Panaretos, J. & Xekalaki, E. (1997): Introduction to Statistical Thinking (Descriptive
Statistics), Athens, (In Greek).
 Tzortzopoulos, P. (1991): “Time Series”, Athens, (In Greek).
31
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Andrew Siegel (1996): Practical Business Statistics, 3/e, IRWIN.
Berry D.A. (1995): Basic Statistics: A Bayesian Perspective, CA: Wadsworth.
Cryer J. & Cobb G. (1997): An Electronic Companion to Business Statistics, Oxford
University Press.
Johnson R.A. (1997): Business Statistics: Decision Making with Data, Wiley.
Mendenhall, W., Beavec R.J. & Beaver, B.M. (1999): Introduction to Probability &
Statistics (10th edition), Duxbury Press.
Sincich T. (1996): Business Statistics by Examples (5th ed.), Prentice-Hall.
3.- Introduction to Linear Regression, reading course, 8 ECTS credits
Responsible person: To be announced
Linear models and linear regression (estimation, testing of hypothesis, confidence intervals and
prediction intervals), dummy variables, correlation coefficient, coefficient of determination, the use
of statistical packages in linear regression (MINITAB, SAS), serial correlation coefficient, the
Durbin-Watson test, monotone regression, the general linear model, statistical inference in linear
regression, the bivariate normal distribution, analysis of variance (one way and two way analysis
of variance), multiple regression, model selection (forward procedure, backward elimination
procedure, stepwise regression, the Mallows Cp criterion), the use of matrices in regression,
multicolinearity problem.
Textbook:
 Panaretos, J. (1994). Linear Models with Applications, Athens, (In Greek).
Recommended Reading:
 Cohen, J. and Cohen, P. (1975). Applied Multiple Regression/ Correlation Analysis for
the Behavioral Sciences. Halsted, New York.
 Draper, N.R. and Smith, H. (1998). Applied Regression Analysis (3rd ed.), Wiley, New
York.
 Hocking R.R. (1996). The Analysis of Linear Models, Wiley.
 John Neter Michael Kutner Christ. Nach. William Wass. (1996). Applied Linear Statistical
Models, 4/e, IRIWIN.
 Mosteller, F. and Tukey, J.W. (1977). Data Analysis and Regression. Addison - Wesley,
Reading, MA.
 Netter, J. and Wasserman, W. (1974). Applied Linear Statistical Models. Irwin,
Homewood, I11.
 Weisberg, S. (1985). Handbook for Linear Regression. (2nd ed.) Wiley, New York.
4.- Estimation and Hypothesis Testing, reading course, 8 ECTS credits
Responsible person: To be announced
The problem of estimation, point estimation, properties of point estimators (consistency,
unbiasedness, efficiency, sufficiency), methods of point estimation (method of moments, leastsquare method, maximum likelihood method), likelihood based on frequency tables, maximum
likelihood estimation based on numerical methods, use of independent likelihood, relative
likelihood, likelihood of two parameters, general remarks on point estimators.
Confidence intervals for means of normal population, non-normal populations, tests of normality,
confidence interval for the difference of two population means, confidence intervals for
proportions, confidence intervals for variances.
Testing of hypothesis, statistical hypothesis, tests of hypothesis of population parameters,
hypothesis testing for means of normal populations, determination of critical point, choice of
hypothesis and level of significance, observed level of significance, hypothesis testing for means,
proportions, difference of means of populations, comparison of proportions and variances of two
normal populations, power of a test, power and level of significance, power and sample size,
meta-analysis, use of power testing in meta-analysis.
32
Textbooks:
 Panaretos, J. & Xekalaki, E. (2000). “Introduction to Statistical Thinking II”, Athens, (In
Greek).
 Panaretos, J. (1997). Estimation - Hypothesis Testing. Athens, (In Greek).
Recommended Reading:
 Beaumont G.P. & Knowles J.D. (1996). Statistical Tests: An introduction with MINITAB
Commentary, Prentice Hall International.
 Berger J.O. and Wolpert R.L. (1984). The Likelihood Principle, Hayward, CA: Institute of
Mathematical Statistic.
 Edwards A.W.F. (1992). Likelihood, Johns Hopkins.
 Hedges L.V. & Olkin, I. (1985). Statistical Methods for Meta-Analysis, Academic Press.
 Lindsay J.K. (1995). Introductory Statistics: A Μodelling Approach, Oxford University
Press.
5.- Principles of Mathematical Analysis, reading course, 8 ECTS credits
Responsible person: To be announced
Metric function, Metric space topology, Points of accumulation, Closed subsets, Bounded
subsets, Compact subsets, Topology of Euclidean metric spaces Rn, Compact subsets of
Euclidean metric spaces Rn, Borel subsets, Convergence of a sequence of elements of a metric
space, Cauchy criterion and complete metric spaces, Limit of a function from one metric space to
another, Continuous functions, Homeomorphisms and isometries between metric spaces,
Continuity of functions defined on compact subsets and uniform continuity, Contraction functions
and fixed-point theorem, Uniform convergence of a sequence of functions, Vector spaces with
inner product (“Euclidean” vector spaces), Subspaces and bases, Completeness and Hilbert
spaces, Orthogonal subspaces and their direct sum, Orthogonal projection theorem,
Characterization of the “Euclidean” vector spaces, Complex “Euclidean” vector spaces, Examples
of “Euclidean” vector spaces, Definitions of measurable space, set-function of (positive) measure,
and measure space, External measure and Lebesgue measurability versus Borel measurability,
Construction of a general measure via the Caratheodory extension theorem, Examples of
classical Lebesgue measures (length, area, volume) and of Lebesgue-Stieltjes measures,
Measurable functions, Almost everywhere convergence and convergence in measure, Integration
of measurable functions with respect to a general (positive) measure, Chebychev’s inequality,
Fatou’s lemma, Monotone convergence theorem, Bounded convergence theorem, Lp-spaces and
Minkowski’s and Holder’s inequalities, Lp-convergence, Comparison between Lebesgue and
Riemann integrals over closed and bounded intervals of R (or over compact subsets of the
Euclidean metric spaces R2 and R3).
Textbook:
 Artemiadis, Ν. (1982). Functions of Real Variances, (2nd ed.), AthanasopoulosPapadamis-Zacharopoulos. (In Greek).
Recommended Reading:
 Kariofillis, Ch. & Konstantilaki-Savvopoulou Ch. (1985). Location, vol. 1, Ziti Publications,
Thessaloniki, (In Greek).
 Kariofillis, Ch. (1995). Elements of Functional Analysis, Ziti Publications, Thessaloniki, (In
Greek).
 Koumoullis, G. & Negrepontis, S. (1991). Theory of Measurement, Simetria Publications,
Athens, (In Greek).
 Apostol Τ. Μ. (1974). Mathematical Analysis, 2nd edition, Addison-Wesley Publishing
Company, Inc., Reading Massachusetts.
 Kolmogorov A. N. and Fomin S. V. (1975). Introductory Real Analysis, Dover
Publications, Inc. (ISBN: 0-486-61226-0).
 Royden H. L. (1968). Real Analysis, 2nd Edition, MacMillan Publishing Co., Inc., New
York (ISBN: 0-02-404150-5).
33
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Rudin W. (1964). Principles of Mathematical Analysis, 2nd Edition, McGraw-Hill, Inc.,
New York.
Rudin W. (1974). Real and Complex Analysis, 2nd Edition, McGraw-Hill, Inc., New York
(ISBN: 0-07-054233-3).
6.- Statistical Decision Theory, reading course, 6 ECTS credits
Responsible person: To be announced
Game theory and decision making, decision function, risk function, utility, subjective probability,
admissibility, completeness, the minimax theorem, the complete class theorem, invariant decision
rules, admissible and minimax multiple decision problems.
Textbook:
 Chalikias, I. (1996), Methods of Decision Making. (In Greek).
Recommended Reading:
 Chernoff, Herman, Moses Lincoln. Elementary Decision Theroy.
 De Groot (1970). Optimal Statistical Decisions.
 Hadley George. Introduction to Probability & Statistical Decision Theory.
 Jones J. Morgan (1977). Introduction to Decision Theory.
 Nickerson & Nickerson (1978). Statistical Analysis for Decision Making.
7.- Statistical Quality Control, reading course, 6 ECTS credits
Responsible person: To be announced
The meaning of quality and quality improvement. Methods and philosophy of Statistical Process
Control. Cause and effect charts. Pareto charts. Operating characteristic curves. Average Run
Length (ARL). Control charts for variables (R,s) with and without subgrouping. Control charts for
attributes (p, np, c, u). Cumulative Sum (CUSUM) and Exponentially Weighted Moving Average
(EWMA) control charts. Basic Capability Indices . Acceptance Sampling, simple and double
acceptance sampling, Average Outgoing Quality (AOQ), Average Outgoing Quality Level
(AOQL).
Textbook:
 Tzortzopoulos, P., (1991). Statistical Quality Control. (In Greek).
 Psarakis, S., (1999). Statistical Quality Control. (In Greek).
Recommended Reading:
 Derman Cyrus & Sheldon M. Ross (1996). Statistical Aspects of Quality Control,
Academic Press Book.
 Ishikawa K. (1990). Introduction to Quality Control, 3A Corporation.
8.- Applied Linear Models, reading course, 8 ECTS credits
Responsible person: To be announced
Ordinary least squares assuming constant variance, testing linear hypotheses about model
parameters, ANOVA and goodness of fit, selection of variables. Multicollinearity, residual
analysis, sensitivity analysis, diagnostic plots, influence statistics, outliers, transformations, BoxCox transformations. Correlated observations, generalized linear regression, Aitken estimator,
misspecification of the covariance matrix, heteroscedasticity and autoregression, other
covariance structures, random coefficients models, ML and REML estimators. Missing data,
nonparametric regression, kernel regression, spline regression.
Recommended Reading:
 Atkinson, A.C (1985). Plots, Transformation and Regression, Oxford University Press,
Oxford.
34
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Cook, R.D. and Weisberg, S. (1982). Residuals and Influence in Regression, Chapman
and Hall, New York.
Draper, N. and Smith, H. (1998). Applied Regression Analysis, (3rd ed.) Wiley, New York.
Healy, M.J.R. (1986). Matrices for Statistics, Oxford University Press, Oxford.
Hocking, R. R. (1996). Methods and Applications of Linear Models, Wiley.
Longford, N.T. (1993). Random Coefficient Models, Oxford University Press, Oxford.
Rao, C.R. & Toutenburg, H. (1999). Linear Models, Least Squares and Alternatives,
Springer-Verlag, New York.
Rao, C.R. (1973). Linear Statistical Inference and Its Applications. Wiley, New York.
Ryan, T. P. (1997). Modern Regression Methods, Wiley.
Wetherill, G.B. (1981). Intermediate Statistical Methods, Chapman and Hall, London.
9.- Time Series Analysis, reading course, 8 ECTS credits
Responsible person: To be announced
Introduction to the theory of time series, smoothing of exponential time series models,
components of time series, ARIMA and ARMAX models, state space (Kalman), sequential and
non-sequential techniques of specialization and estimation of time series (Box and Jenkins,
Akaike, filtering, etc.), forecasting estimation techniques, multivariate time series models and
predictions, combination and evaluation of predictions, applications.
Textbook:
 J. Jarrett. Μethods of Forecasting. (In Greek).
Recommended Reading:
 Tzortzopoulos, P. (1995): Time Series Analysis, Athens, (In Greek).
 Tzortzopoulos, P. & Leivada, Α.. Μethods of Forecasting. (In Greek).
 Brockwell, P.J. and R.A. Davis (1998). Introduction to Time Series and Forecasting,
Springer Verlag.
 Chatfield (1996). The Analysis of time series, 5thedition, Chapman-Hall.
 Chatfield, C. (1989). The Analysis of Time Series: An Introduction, 4th Edition, ChapmanHall.
 Cromwell, J.B., Labys, W.C. & Terraza, M. (1994). Univariate tests for time series
models, Sage.
 Pole A.-West M.-Harrison J. (1994). Applied Bayesian Forecasting and Time Series
Analysis, Chapman and Hall.
10.- Non-Parametric Statistics, reading course, 8 ECTS credits
Responsible person: To be announced
Tests based on binomial distribution: binomial test for proportions, binomial test for percentage
points, tolerance limits, sign tests, variations of sign test (Mc Nemar test, Cox and Stuart test,
correlation test), Wilcoxon test (one and two sample case) contingency tables, median test,
measures of dependence, test for correlation, X2 goodness of fit test, rank tests, variance test,
non-parametric regression, non-parametric monotone regression, statistical functions of
Kolmogorov and Smirnov type Lilliefors test (normality and exponentiality).
Textbook:
 Panaretos, J. & Xekalaki, E. (1994). Introduction to Statistical Thinking, (Supplement).
Athens, (In Greek).
 Xekalaki, E. (1996). Special Topics on Non Parametric Statistics, Athens, (In Greek).
Recommended Reading:
 Daniel, W. W. (1990). Applied nonparametric statistics, PWS-Kent.
 Lehmann, E.L. (1975). Non Parametric Statistical Methods Based on Ranks, Holden Day.
 Maritz (1995). Distribution-Free Statistical Methods, 2th Edition, Chapman-Hall.
 Noether, G.E. (1976). Elements of Non-Parametric Statistics, Wiley.
35
11.- Actuarial Statistics – Risk Theory, reading course, 6 ECTS credits
Responsible person: To be announced
Mortality measures (indices and coefficients), specific mortality, comparisons of mortality,
stabilization, survival matrices: nature and utility of matrices, construction of survival matrices,
intensity of mortality, mortality functions, approximations of mortality intensity, approximate
relations between specific mortality coefficient and death probabilities, construction of survival
matrices from empirical elements of a population, methods of constructing survival matrices,
estimation of the population exposed to a risk on the basis of insurance data, methods of
computing the size of the “at risk” populations: method of census, direct method of differences,
characteristics of mortality proportions, methods of computing ExC and Ex, principles of
smoothing empirical data, statistical test X2, restriction of X2, test of absolute and cumulative
deviations, Steven’s test, binomial test of sign change, graphical method of smoothing empirical
data of mortality, actuarial cumulative methods of smoothing empirical data, smoothing averages
of parametric models, methods for estimating their parameters, method of smoothing by
reference to a standard survival matrix, smoothing with the use of splines, general and specific
according to age coefficients of malady, standard matrices of malady.
Textbook:
 Kostaki, Α. Lecture Notes in Actuarial Statistics and Risk Theory. (In Greek).
Recommended Reading:
 Beard, Pentikainen T. Beard. Risk Theory. ASIN: 041225980X.
 Curtis Miller Elliott. Fundamentals of risk and insurance. ASIN: 0471903507.
 Daykin, T. Pentikainen, M. Pesonen Hardcover (1994). Practical Risk Theory for
Actuaries (Monographs on Statistics and Applied Probability, Vol 53), Chapman & Hall;
ISBN: 0412428504.
 Emmett J. Vaughan, Therese M. Vaughan (1996) Fundamentals of Risk and Insurance,
John Wiley & Sons; ISBN: 0471055964.
 Hilary L. Seal. Survival Probabilities, the Goal of Risk Theory. ASIN: 0471996831.
 James L. Athearn. Risk and insurance. ASIN: 0390039101.
 Mark S. Dorfman. Introduction to Risk Management and Insurance.
 Wolf-Rudiger Heilmann. Fundamentals of risk theory. ASIN: 388487151X.
12.- Introduction to Bootstrap Methods in Statistics, reading course, 6 ECTS credits
Responsible person: To be announced
An introduction to re-sampling methods and the bootstrap, types of problems which can be solved
using these methods. The plug-in principle. Estimates of standard error. Parametric and bootstrap
estimation, examples, an example of bootstrap failure, implementation of technique in FORTRAN.
Complex data structures and solution, first assignment on point estimation of mean and of
standard errors. Non-i.i.d. data: regression, heteroscedasticity, and dependent data. The residual
bootstrap, the wild bootstrap, the local bootstrap, and the block bootstrap. Subsampling and
bootstrap with smaller resample size. Bias and mean square error estimation, bootstrap, jacknife
and cross validation. Confidence intervals, bootstrap-t C.I., percentile C.I., hypothesis testing
using bootstrap, application of bootstrap in nonparametric curve.
Recommended Reading:
 Davison, A. C. and Hinkley, D. V. (1997). Boostrap Methods and their Applications,
Cambridge University Press.
 Efron, B., Tibshirani, R.J. (1993). An Introduction to the Bootstrap, Chapman and Hall.
 Hall, P. (1992). The Bootstrap and Edgeworth Expansion, Springer - Verlag, New York.
 Noreen, E.W. (1989). Computer Intensive Methods for Testing Hypotheses: An
Introduction, John Wiley, New York.
 Politis, D.N., Romano, J.P., & Wolf, M. (1999). Subsampling, Springer, New York.
 Shao, J. and Tu, D. (1995). The Jackknife and the Bootstrap, Springer, New York.
36
13.- Mathematics of General Insurance, reading course, 6 ECTS credits
Responsible person: To be announced
Rate Making (Exposure, Claim, Frequency, Losses and loss Adjustment Expenses, Severity,
Pure premium, Loss Ratio).
Credibility Theory (Review of Bayesian Estimation, Limited Flunctuation Credibility, Least Square
Credibility, Estimation of Credibility Parameters)
Loss Reserving (Accounting Concepts, Actuarial Model of Loss Development, Loss Reserving
Definitions, Exploratory Data Analysis, Loss Reserve Estimation Methodologies)
Recommended Reading:
 Bowers, N. L., Gerber, H. U., Hickman, J. C., Jones, D. A., and Nesbitt, C. J., Actuarial
Mathematics, Society of Actuaries, P.O. Box 95668, Chicago, IL 60694.
 Brown, Robert L., Introduction to Rate-making and Loss Reserving for Property and
Casualty Insurance, Actex Publications, P.O. Box 974, Winsted, CT 06098, telephone:
(203)379-5470.
 Casualty Actuarial Society, 1100 N. Glebe Rd, Suite 600, Arlington, VA 22201,
telephone: (202)659-6000.
 Cummins, J. D., and Harrigton, S. E., Fair Rate of Returning Property Liability Insurance,
(Huebner International series on risk insurance and economic security), 1987, Kluwer
Academic Publishers, P.O. Box 358, Accord Station, Hingham, MA 02018-0358,
telephone: (617) 871-6600.
 Goovaerts. M.J. F.de Vylder. Insurance Premiums
 Hossak I.B. Introductory Statistics with Applications in General Insurance
 Lemaire Jean. Automobile Insurance
 Taylor G. Claims Reserving in Non-Life Insurance
 Herzog T. Introduction to Credibility Theory
14.- Stochastic Models and Simulation, reading course, 4 ECTS credits
Responsible person: To be announced
Introduction, applications of simulation, recursive generators of (pseudo) random numbers,
generator element selection models, mathematical properties of generators, theorems of finding
complete period generators, testing of random numbers, the x2 - test, the frequency test, the void
test, the serial test, the Poker test, the ordering test, the inversion method, the Box-Muller
method, the Polar-Marsaglia method, the inversion method for discrete distributions, the
composition method for discrete distributions, the examples of algorithm “Alias”, Monte-Carlo
integration, the “f-f” method, the “Hit and Miss” method, importance sampling, opposite random
variables, control random variables, modes of generating ordered samples, the sequence
method, exponential intervals, multivariate normal distribution, the Poisson process, Markov
chains, Chapman-Kolmogorov equations, stationary distributions, generation of Markov chains
with given stationary distribution, Metropolis algorithm, application to the problem of the traveling
salesperson, the Gibbs sampling algorithm, Markov random fields, convergence of Gibbs
sampling.
Textbook:
 Sfakianakis, M. & Dellaportas, P. Stochastic Models and Simulation. (In Greek).
15.- Theory of Interest Rates, reading course, 4 ECTS credits
Responsible person: To be announced
Course Content: To be announced
37
16.- Non-Linear Models, reading course, 8 ECTS credits
Responsible person: To be announced
Introduction to nonlinear models. Linear models and linearised models. Non-linear models. Nonlinear Regression. Assumptions, Estimation and Inference. Distributional issues. Functional
forms. Logistic, Gamma-loglinear models. Other functions. Unknown link functions. Likelihood
methods. Semiparametric methods. Bayesian approach. Non-parametric Regression.
Computational issues. Multivariate Nonlinear models. Non-linear exponential families.
Applications. Measurement error in nonlinear models
Recommended Reading:
 Carlin, B. P. and Louis, T. A. (1996). Bayes and Εmpirical Bayes Methods for Data
Analysis, New York: Chapman and Hall.
 Diggle, P. J., Liang, K. and Zeger, S. L. (1994). The Analysis of Longitudinal Data, Oxford
University Press.
 Gelman A., Carlin S. B., Stern H.S. and Rubin D.B. (1995). Bayesian Data Analysis,
Chapman and Hall, London.
 Lauritzen, S. L. (1996). Graphical models, Oxford University Press.
 Lee, E. T. (1992). Statistical Methods for Survival Data Analysis, USA: John Wiley and
Sons.
 Whittaker, J. (1990). Graphical models in applied multivariate statistics, John Wiley and
Sons
17.- Applications of Stochastic Processes in Finance, reading course, 8 ECTS credits
Responsible person: To be announced
Introduction to stochastic processes, with emphasis to queuing theory, risk theory
Stochastic Processes: Poisson process, renewal process. Convolutions and the Laplace
transformation. Markov Chains.
Markovian Theory of Queues: M/M/s, M/G/1 and G/M/1 systems. Queues loading, formulas of
Pollaczeck-Khinchine and Takacs. Simulation and approximation. Reversibility of Markov Chains.
Applications of Jackson and Gordon-Newell networks.
Risk Theory: Ruin probability under classical approach. Numerical methods, statistical estimation
and inference. Generalizations. Non-homogeneous and doubly stochastic Poisson processes.
Claim size and risk variation. Pareto, lognormal and Weibull models.
Stochastic Point Processes. Stationary point processes, Palm's probability, stochastic cycles,
stochastic intensity. Campbell's theorem, and Little's law. PASTA property. Applications to
inventory production systems.
Recommended Reading:
 Asmussen, (1987). Applied Probability and Queues, John Wiley.
 Grandell, (1991). Aspects of Risk Theory, Springer.
 Kelly, (1983). Reversibility and Stochastic Networks, John Wiley.
 Kleinrock, (1975). Queueing Systems Vol. 1, John Wiley.
 Prabhu, (1980). Stochastic Storage Processes: Queues, Insurance Risk and Dams,
Springer.
 Ross, S. (1997). An Introduction to Probability Models, 6th Edition, Academic Press.
 Ross, S. (1996). Stochastic Process, 2nd Edition, John Wiley.
 Wolff, (1989). Stochastic Models and the Theory of Queues, Prentice Hall.
38
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Distribution Theory, reading course, 8 ECTS credits
Responsible person: To be announced
Functions of random variables, monotone transformations, joint distributions of more than one
variable, probability generating functions, moment generating functions, characteristic functions,
bivariate normal distribution, (co)variance, homoskedasticity, distributions of statistics from a
normal population: independence of sample mean and sample variance, distributions: X2, t, F,
beta, gamma and their interrelationships, order statistics, joint distribution of order statistics,
median, range, extreme order statistics, the exponential family of distributions.
Textbook:
 Xekalaki, E. & Panaretos, J. (1994). Probability and Elements of Stochastic Processes,
Athens, (In Greek).
 Xekalaki, E. & Panaretos, J. (1999). Distribution Theory (Transformation of Variables).
Athens, (In Greek)
Recommended Reading:
 Johnson N., Kotz S., Balakrishnan N. (1994). Continuous Univariate Distributions, vol. 1
and 2, Wiley, N.York.
 Johnson N., Kotz S., Balakrishnan N. (1997). Discrete Multivariate Distributions, Wiley,
N.York.
 Johnson N., Kotz S., Kemp W. (1993). Univariate Discrete Distributions, Wiley, N. York.
 Ord, K. (1972). Families of Frequency Distributions, Grinffin’s Statistical Monographs.
2.- Estimation and Hypothesis Testing, reading course, 8 ECTS credits
Responsible person: To be announced
The problem of estimation, point estimation, properties of point estimators (consistency,
unbiasedness, efficiency, sufficiency), methods of point estimation (method of moments, leastsquare method, maximum likelihood method), likelihood based on frequency tables, maximum
likelihood estimation based on numerical methods, use of independent likelihood, relative
likelihood, likelihood of two parameters, general remarks on point estimators.
Confidence intervals for means of normal population, non-normal populations, tests of normality,
confidence interval for the difference of two population means, confidence intervals for
proportions, confidence intervals for variances.
Testing of hypothesis, statistical hypothesis, tests of hypothesis of population parameters,
hypothesis testing for means of normal populations, determination of critical point, choice of
hypothesis and level of significance, observed level of significance, hypothesis testing for means,
proportions, difference of means of populations, comparison of proportions and variances of two
normal populations, power of a test, power and level of significance, power and sample size,
meta-analysis, use of power testing in meta-analysis.
Textbooks:
 Panaretos, J. & Xekalaki, E. (2000). “Introduction to Statistical Thinking II”, Athens, (In
Greek).
 Panaretos, J. (1997). Estimation - Hypothesis Testing. Athens, (In Greek).
Recommended Reading:
 Beaumont G.P. & Knowles J.D. (1996). Statistical Tests: An introduction with MINITAB
Commentary, Prentice Hall International.
 Berger J.O. and Wolpert R.L. (1984). The Likelihood Principle, Hayward, CA: Institute of
Mathematical Statistic.
 Edwards A.W.F. (1992). Likelihood, Johns Hopkins.
 Hedges L.V. & Olkin, I. (1985). Statistical Methods for Meta-Analysis, Academic Press.
39
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Lindsay J.K. (1995). Introductory Statistics: A Μodelling Approach, Oxford University
Press.
3.- Sampling Techniques and Sample Surveys, reading course, 8 ECTS credits
Responsible person: To be announced
1. Introduction: Aims of the sampling survey theory, criteria of selecting the best sampling design
and precise estimation, fundamentals of selecting samples, bias, systematic errors and their
influence.
Sampling Designs: Simple random Sampling, Stratified Random Sampling, Cluster Sampling,
Systematic Sampling, Proportional Sampling
Error Sources in Sampling Surveys: Types of errors and their influences, mathematical models
and their impact in the influence of various errors.
2. Statistical Data collection methods (personal interview, observation, postal method, telephone
interview, data drawing from files), questionnaire design, pre-coded and open questions, initial
data elaboration, sampling frames, elaboration of statistical material, result analysis and
presentation, sources of variation and errors, pre-sampling and pilot surveys, sampling survey
conduction.
Textbook:
 Xekalaki, E. (1994). Sample Surveys. (In Greek).
 Tzortzopoulos, P. (1995): Sampling Surveys: Organization and Conduct, Athens, (In
Greek).
Recommended Reading:
 Biemer, P., Groves R., Lyberg L., Massey J., Nicholls W. (1988). Telephone Survey
Methodology, Wiley.
 Biemer, P., Groves R., Lyberg L., Mathiowetz N., Sudman S. (1991). Measurement
Errors in Surveys, Wiley.
 Cochran, W.G. (1977). Sampling Techniques (3rd ed.), Wiley, New York.
 Erdos, P.L., Professional Mail Surveys. McGraw-Hill, New York.
 Fowler, J. Floyd (1988). Survey Research Methods, Sage Publications.
 Hansen, M.H. Hurvitz, W.N. and Madow, W.Q. (1953). Sample Survey Methods and
Theory, Vol. 1 - Methods and Applications, Vol. 2 - Theory. Wiley, New York.
 Jessen, R.J. (1978). Statistical Survey Techniques, Wiley.
 Kish, L. (1965). Survey Sampling. Wiley, New York.
 Lehenert Wendy (1978). The Process of Question Answering, LEA.
 Levy, S. Paul (1991). Sampling of Populations Methods and Applications, Wiley.
 Moser, C.A, Kalton, G. (1973). Survey Methods in Social Investigations, Heinemann
4.- Introduction to Linear Regression, reading course, 8 ECTS credits
Responsible person: To be announced
Linear models and linear regression (estimation, testing of hypothesis, confidence intervals and
prediction intervals), dummy variables, correlation coefficient, coefficient of determination, the use
of statistical packages in linear regression (MINITAB, SAS), serial correlation coefficient, the
Durbin-Watson test, monotone regression, the general linear model, statistical inference in linear
regression, the bivariate normal distribution, analysis of variance (one way and two way analysis
of variance), multiple regression, model selection (forward procedure, backward elimination
procedure, stepwise regression, the Mallows Cp criterion), the use of matrices in regression,
multicolinearity problem.
Textbook:
 Panaretos, J. (1994). Linear Models with Applications, Athens, (In Greek).
Recommended Reading:
40
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Cohen, J. and Cohen, P. (1975). Applied Multiple Regression/ Correlation Analysis for
the Behavioral Sciences. Halsted, New York.
Draper, N.R. and Smith, H. (1998). Applied Regression Analysis (3rd ed.), Wiley, New
York.
Hocking R.R. (1996). The Analysis of Linear Models, Wiley.
John Neter Michael Kutner Christ. Nach. William Wass. (1996). Applied Linear Statistical
Models, 4/e, IRIWIN.
Mosteller, F. and Tukey, J.W. (1977). Data Analysis and Regression. Addison - Wesley,
Reading, MA.
Netter, J. and Wasserman, W. (1974). Applied Linear Statistical Models. Irwin,
Homewood, I11.
Weisberg, S. (1985). Handbook for Linear Regression. (2nd ed.) Wiley, New York.
5.- Theoretical Statistics, reading course, 8 ECTS credits
Responsible person: To be announced
Statistical models, sufficiency, consistency, efficiency, unbiasedness. Methods of estimation: the
method of moments, the method of maximum likelihood, the method of least squares, the
Cramer-Rao bound, optimality theory, large sample theory, properties of the maximum likelihood
estimators, Fisher information, asymptotic efficiency, confidence intervals, hypothesis testing,
critical region, significance level, critical level of a test, power of a test, Neyman-Pearson theory,
likelihood ratio tests, relation between confidence intervals and hypothesis testing.
Textbook:
 Xekalaki, E. (1993). Theoretical Statistics. (In Greek).
Recommended Reading:
 Cox D.R. and Hinkley (1974). Theoretical Statistics, CRC Pr.
 Haberman S. J. (1996). Advanced Statistics, Vol. 1, Springer-Verlag.
 Hogg, B. and Craig (1995). Introduction to Mathematical Statistics, Prentice Hall College.
 Roussas G. George (1997). A Course in Mathematical Statistics, Academic Press Book.
6.- Measure Theory and Probabilities, reading course, 8 ECTS credits
Responsible person: To be announced




Definitions of measurable space, set-function of (positive) measure, and measure space.
External measure and Lebesgue measurability versus Borel measurability.
Construction of a general measure via the Caratheodory extension theorem.
Examples of classical Lebesgue measures (length, area, volume) and of Lebesgue-Stieltjes
measures (probability distributions).
 Definition of measurable functions.
 Almost everywhere convergence and convergence in measure for sequences of measurable
functions.
 Integration of measurable functions with respect to a general (positive) measure.
 Chebychev’s inequality, Fatou’s lemma, Monotone convergence theorem, Bounded convergence
theorem.
 Lp-spaces, Minkowski’s and Hοlder’s inequalities, and Lp-convergence.
 Comparison between Lebesgue and Riemann integrals.
 Real functions of bounded variation and absolutely continuous functions.
 Absolute continuity of measures and the Radon-Nikodym theorem.
The purpose of this course is to introduce the students to the basic concepts of the mathematical theory of
measure and integration, and at the same time to underline links of these concepts with their counterparts
in probability theory and consequences holding there. This very goal is clearly reflected upon the title of
the course. In this manner, familiar probabilistic concepts are further clarified by virtue of mathematical
rigor, while one is given the opportunity to survey the sets of intersection and of symmetric difference
between Measure Theory and Probability Theory.
41
Prerequisites: Mathematical Analysis
Textbook:
 W. Rudin (2000, Translation in Greek): PRINCIPLES OF MATHEMATICAL ANALYSIS, Leader
Books, Athens.
Suggested Complementary Bibliography (In Greek)
 G. Koumoullis and S. Negrepontis (1991): THEORY OF MEASURE, Symmetria Publications,
Athens.
 P. Xenikakis (1999): REAL ANALYSIS, 2nd Edition, Ziti Publications, Thessaloniki.
Suggested Complementary Bibliography (In English)
 Τ. Μ. Αpostol (1974): MATHEMATICAL ANALYSIS, 2nd Edition, Addison-Wesley Publishing
Company, Inc., Reading Massachusetts.
 P. Billingsley (198?): PROBABILITY AND MEASURE, 2nd Edition, John Wiley & Sons, Inc.,
New York.
 A. N. Kolmogorov and S. V. Fomin (1975): INTRODUCTORY REAL ANALYSIS, Dover
Publications, Inc.
 H. L. Royden (1968): REAL ANALYSIS, 2nd Edition, MacMillan Publishing Co., Inc., New York.
 W. Rudin (1974): REAL AND COMPLEX ANALYSIS, 2nd Edition, McGraw-Hill, Inc., New York.
7.- Index Numbers - Theory of Measurement, reading course, 6 ECTS credits
Responsible person: To be announced
Introduction, Indices, Index Numbers, Simple and Complex Indicators, Base Period, Base
change, Index link, Simple Indices, Relative Indices, Applied Indices in Greece, Measurement
Theory, The Consumer Price Index, Share Price Index, Deflation, The Index Numbers as
Random Variables.
Textbook:
 Tzortzopoulos, P. (1991): Index Numbers, Athens, (In Greek).
 Tzortzopoulos, P. Exercises of Index Numbers.
Recommended Reading:
 Xekalaki, E. & Panaretos, J. (1995): Introduction to Statistical Thinking Index Numbers,
Athens, (In Greek).
 Allen R.G.D., (1975). Index Number in Theory and Practice, MacMillan Press Ltd.
 Banerjee K.S. (1975). Cost of Living Index Numbers, Practice, Precision and Theory,
Marcel Dekker Inc., N. York.
 Fisher Irving (1967, 1928). The Making of Index Numbers. A Study of their Varieties,
Tests and Reliability, Reprints of Economic Classics, N. York.
 Mudgett B.D. (1951). Index Numbers, N. York.
8.- Econometrics, reading course, 6 ECTS credits
Responsible person: To be announced
General linear model, infinite distributed lags, causality tests, econometric methods (production
function, cost function, investment function, conjunction function, range econometric models).
Textbook:
 Kintis, Α. (1995). Econometrics vol. A. (In Greek).
 Panas, Ε. Lectures Notes (Introduction to Applied Econometrics. (In Greek).
Recommended Reading:
 Qin Duo (1997). The Formation of Econometrics: A Historical Perspective, Oxford
University Press.
 Zaman A. (1996). Statistical Foundation for Econometric Techniques, Academic Press.
9.- Statistical Demography, reading course, 6 ECTS credits
Responsible person: To be announced
42
Introduction (Objectives of demography, relations with other sciences, meaning of demographic
factor), Collection and Statistical Elaboration of Demographic Data (Census, Statistics of
Populations, Physical Motion Statistics of Migratory Motion, Population Archives). Assessment of
Accuracy of Demographic Elements and Error Correction, Smoothing Methods, Population’s
Geographic Distribution, “defacto” - and “de jure”- population, Measurement of population’s
concentration, Population’s composition, Birth rates and Fertility Matrices, Death Rates and
Survival Matrices, Reproduction, steady and stationary population, stages of demographic
transition, maritality, internal and external migration, labor force and length of economically active
life, demographic projections, utility of demographic projections in social and economic
programming, deterministic factors and social and economic impact of demographic variability,
demographic policy.
Textbook:
 Kostaki, Α. (1999). Demometry, Athens (In Greek).
Recommended Reading:
 Colin Newell, (1990). Methods and Models in Demography Guilford Pr, ISBN:
0898624517.
 Helen Ginn Daugherty, Helen Ginn Daughtery, Kenneth C. W. Kammeyer, (1995). An
Introduction to Population, Guilford Pr; ISBN: 0898626161.
 Kpedekpo, G. M. K. (1982). Essentials of Demographic Analysis, Heinemann, ISBN:
0435973908.
 Krishnan Namboodiri, (1990). Demographic Analysis: A Stochastic Approach, Academic
Pr, ISBN: 012513830X.
 Shiva S. Halli, K. Vaninadha Rao (1992). Advanced Techniques of Population Analysis,
Plenum Pub Corp, ISBN: 0306439972.
 Shrinivasan, Κ. (1998). Basic Demographic Techniques and Applications, Sage Pubns,
ISBN: 076199209X.
 Thomas Lynn, Smith, (1976). Demography: Principles and Methods, Alfred Pub Co,
ISBN: 0882840339.
10.- Mathematics of Life Insurance, reading course, 6 ECTS credits
Responsible person: To be announced
The course covers, survival distribution and life tables, Life Insurance, Life Annuities, Benefit
Premiums, Benefit Reserves, Multiple Decrement Functions. Applications of Multiple Decrement
Theory, Insurance Models Including Expenses, Business and regulatory considerations.
Textbook:
 Blesios, N. Mathematics of Life Insurance. (In Greek).
Recommended Reading:
 CAS. Foundations of Casualty Actuarial Science
 Brown, R. L. Introduction to Ratemaking and Reserving.
 Taylor, G. C. Claims Reserving in Non-Life Insurance.
 Eehen, Greub, Nijssen. Rate Making
 N&N de Wit. Loss Reserving Methods.
11.- Stochastic Processes, reading course, 8 ECTS credits
Responsible person: To be announced
Markov Chains: definition, transition probabilities, the classification of states, limiting properties,
stationarity, irreducible chains, transition probabilities of higher order, renewal processes, renewal
processes in discrete time, renewal probability, classification of events, random walks, delayed
processes, renewal processes in continuous time, renewal distribution in the interval (0,t),
density, population growth models: Poisson process, birth process, death process: extinction
43
probability, diffusion processes, the gambler’s ruin problem, Kolmogorov differential equations,
finite Markov chains.
Textbook:
 Zazanis, Μ. Elements of Stochastic Processes. (In Greek).
Recommended Reading:
 Bartholomew, D.J. (1973). Stochastic Models for Social Process, 2nd Ed. Wiley, London.
 Chiang, C.L. (1980). An Introduction to Stochastic Process and Its Applications, Krieger
Publishing Company, New York.
 Cox, D.R. and Miller, H.D. (1965). Theory of Stochastic Process, Methuem, London.
 Ross S. (1970). Applied Probability Models with Optimization Applications, Holden Day,
San Fransisco.
 Ross S. (1996). Stochastic Process, (2nd ed.) Wiley, New York.
12.- Multivariate Statistical Analysis, reading course, 8 ECTS credits
Responsible person: To be announced
Multivariate data, measures of location and dispersion in multivariate analysis, quadratic forms
and distance, random vectors and random matrices, linear transformations of random vectors,
geometric interpretation in random sampling, random sample in multivariate analysis, generalized
variance, geometric interpretation of total sample variance, the multivariate normal distribution
(definition and properties), the Wishart distribution, statistical inference with the use of the
multivariate normal distribution, principle component analysis, principal component analysis in
linear regression, factor analysis, orthogonal factor model, estimation methods in factor analysis
(principle components method, maximum likelihood method), discriminant analysis, cluster
analysis. Applications using SPSS and Statgraphics.
Textbook:
 Panaretos, J. & Xekalaki, E. (1995): Introduction to Multivariate Statistical Analysis,
Athens, (In Greek).
 Panaretos, J. & Xekalaki, E. (1994): Linear Algebra for Statistical Applications, Athens,
(In Greek).
Recommended Reading:
 Afifi, A.A. and Clark, V.A. (1990). Computer-Aided Multivariate Analysis, New York: Van
Nostrand Reinhold.
 Anderberg, M.R. (1973). Cluster Analysis for Applications, Academic Press, London.
 Dillon W.R. and Goldstein M. (1984). Multivariate Analysis: Methods and Applications,
Wiley, London.
 Everitt B.S. (1974). Cluster Analysis, Heirermann, London.
 Everitt B.S. (1978). Graphical Techniques in Multivariate Analysis, Heirermann
Educational Books, London.
 Harman (1976). Modern Factor Analysis, Chicago University of Chicago Press, Chicago.
 Jackson (1991). A User’s Guide to Principal Components, Wiley, London.
 Lawley, D.N. and Maxwell A.E. (1971). Factor Analysis as a Statistical Method,
Butterworth, London.
 Morrison E.F. (1997). Multivariate Statistical Methods, McGraw-Hill, London
13.- Bayesian Statistics, reading course, 8 ECTS credits
Responsible person: To be announced
Objective and subjective probability, interpretation of the Bayes rule, inference based on the
Bayesian rule, conjugate priors and non informative distributions, point estimation and confidence
intervals, predictions, tests on simple and multiple hypotheses, Lindley's paradox, linear
regression, model selection, sequential hypothesis testing, Wald's identity (equation), expected
value of random sample size.
44
Textbook:
 Dellaportas, P. (1997). Bayesian Inference. (In Greek).
Recommended Reading:
 Magdalinos, Μ. (1994). Introduction to Bayesian Statistics. (In Greek).
 Antleman G. (1996). Elementary Bayesian Statistics, Cheltenhan: Edward Elgar.
 Bernardo J. M. & Smith A. F. M., (1994). Bayesian Theory, Wiley, London.
 Box, G.E.P. & Tao G.C. (1973). Bayesian Inference in Statistical Analysis, Addison
Wesley.
 Gamerman D. (1997). Markov Chain Monte Carlo: Stochastic simulation for Bayesian
inference, Chapman & Hall.
 Gelman A., Carlin S. B., Stern H. S. and Rubin D. B. (1995). Bayesian Data Analysis,
Chapman and Hall, London
 O’Hagan A. (1994). Kendall’s advanced Theory of Statistics, Volume 2b: Bayesian
Inference, Edward Arnold, London.
14.- Generalized Linear Models, reading course, 8 ECTS credits
Responsible person: To be announced
Motivation, Revision of inference, Likelihood Ratio test, maximum likelihood estimation, Revision
of Linear Models, Introduction to Generalized Linear Models. Exponential family, linear predictor,
link function, Inference for Generalized Linear Models. Maximum likelihood estimation via Fisher
scoring, Likelihood ratio test, Deviance, Models for binary data. Logistic Regression, Probit and
Complementary log-log link functions, Poisson data and Contingency tables. Log-linear models,
Current research in Generalized Linear Models. Research topics. The Bayesian approach.
Note: The statistical package GLIM will be used throughout the course.
Recommended Reading:
 Aitkin, M., Anderson, D., Francis, B., & Hinde, J. (1989). Statistical Modelling in GLIM.
Oxford University Press, Great Britain (ISBN 0 19 852203 7).
 Dobson, A.J. (1983). An introduction to Statistical Modelling, Chapman and Hall, Great
Britain (ISBN 0 412 24860 3).
 McGullagh, P. & Nelder, J.A. (1989). Generalized Linear Models, Chapman and Hall,
Great Britain (ISBN 0 412 31760 5).
15.- Biostatistics and Epidemiology, reading course, 6 ECTS credits
Tutors: Ε. Xekalaki, V. Vasdekis
Tuesday 11:00-13:00 and Thursday 11:00-12:00
Aim of the Course:
The aim of the course is to introduce students to the statistical methods and techniques that are
most commonly employed in the analysis of problems in the area of Biomedicine and
Epidemiology.
Syllabus
Introduction: what are Biostatistics and Epidemiology, why Biostatistics?
Statistical design of biomedical and epidemiological studies: problems to be investigated, different
types of studies (prospective studies, re-prospective studies, cross-sectional studies, longitudinal
studies), comparison of the various types of studies, definitions of basic concepts (illness, control
group, placebo, e.t.c.), steps necessary to perform a study, ethics, what data to be collected.
Selected statistical problems in biomedical and epidemiological research: comparing two
proportions, the r c contingency table, the 2 2 contingency table - interesting special cases
(Fisher’s exact test, Mc Nemar’s test), relative risk and odds ratio, screening and diagnosis –
Bayes’s theorem (sensitivity, specificity), Gart’s test, the measurement of agreement, loglinear
models, logistic regression, probit regression, repeated measures, analysis of variance, crossover designs, analysis of the time to an event: survival analysis, clinical trials.
45
Textbook:
 Lecture Notes: Biostatistics and Epidemiology (In Greek)
Recommended Reading:
 Daniel, Wayne, W. (1998). Biostatistics, Wiley.
 Selvin, Steve (1995). Practical Biostatistical Methods, Duxbury Press.
 Zar, Jerrold H. (1996). Biostatistical Analysis, Prentice-Hall.
 Armitage, P., Berry, G. (1987). Statistical Methods in Medical Research. Blackwell’s.
46
VII.- From the Department of Accounting and Finance:
Autumn semester (from 01.10. 2002 till 07. 02.2003)
To be announced
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.Derivative Instruments and Markets, Spyros I. Spyrou
6 ECTS credits
Delivery method:
Main Textbook:
2 hours per week lecture & 1 hour per week seminar
Options, Futures & Other Derivatives by John C. Hull, Prentice
Hall International, Inc.
Aims and Objectives
The main aim of this module is to introduce the student to the complex world of derivative
contracts, instruments, and markets. More specifically, the module will cover all the
important features of the most popular instruments (forwards, futures, swaps, and
options) and will discuss issues on pricing, trading strategies, and use of these contracts
for hedging and speculation. Special emphasis will be given to practical examples and
exercises. It is advisable that students who select this module are familiar with (at least)
basic quantitative techniques.
Course outline:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Introduction to derivative contracts
Forward & Futures contracts
Forward & Futures Prices
Interest Rates & Duration
Swaps
Options Markets
Option Prices
Trading strategies Involving options
Value at Risk
47
VIII.- From the Department of Management Science and Technology:
Autumn semester (from 01.10. 2002 till 07. 02.2003)
1.- Decision Making – G. Prastacos
6 ECTS credits
Course Content:
Decision-Making is one of the most important functions of Management. Today’s business
environment is characterized by high competition, constant changes, extensive globalization,
large availability of data and information, and the huge penetration of information and
telecommunications technology. In this environment, decision-making is increasingly based on
the use and analysis of data, through the development of “models”, and the use of user-friendly,
PC-based computer packages.
This is what this course is all about. The emphasis of the course will be on understanding and
formulating complex problems, as they appear in today’s business environment, developing the
appropriate decision models, and using them for effective decision-making. The four major
categories of models are covered: Linear and Integer Programming, Network Problems,
Decision Analysis, and Simulation. In each unit, the student is exposed to a number of
applications, and has the opportunity to apply his/her knowledge to a number of problems and
case studies. In addition, the student learns to use a number of computer packages including
Solver, Precision Tree, and @Risk, in order to solve the problems.
2.- Electronic Commerce – G. Doukidis, N. Pouloudi
6 ECTS credits
Course Content
This course provides an understanding of the foundations of Electronic Commerce focusing on
business and applications issues. It examines electronic markets, electronic hierarchies, interorganisational information systems, information intermediaries and brokers. Emphasis is given
to issues relating to new organisational forms, virtual organisations and collaborative work
groups associated with the Internet and company-wide Intranets. Finally, the course deals with
business-to-business and business-to-consumer applications on a sectorial basis (i. e. retailing,
banking, publishing etc).
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Production and Operations Management – G. Ioannou
6 ECTS credits
Course Content
The goal of the course is to introduce the student to the design, analysis, reengineering,
optimisation and functional control of Manufacturing-Industrial and Service companies, and to
highlight the intense need for effective management of the constrained resources of their
constituent systems. Through the course, the student will understand the organizational structure
and the various components, sub-systems and functions of a Production or Service Provisioning
System, and will gain significant knowledge on the problems arising during their design and
operation, as well as on the problem-solving methods through analytical and computational
techniques. The topics of the course cover all complex and interrelated business processes
inherent in the systems operation, e.g., product and process design, forecasting, planning and
scheduling, facility location and layout, and quality control. Finally, the course provides: a) a
48
classification of the vertical markets with their individual characteristics, b) a definition of the
practical and theoretical problems encountered in each of them, and c) an analysis of the modern
strategic and tactical approaches for effective management.
2.- Supply Chain Management – K. Zografos
6 ECTS credits
Course Content
The courses addresses issues related to the basic and supplementary functions of logistics and
supply chain management, the product characteristics and their impact on the organization and
planning of supply chain. Special emphasis is placed on the order processing system and
customer service aspects, the physical distribution and transportation of goods, and the inventory
control and warehouse management functions. Topics related to Supply Chain Management in
the new economy environment, Logistics Management Information Systems, and advanced
telematics applications / technologies in the field of transportation and physical distribution of
goods are also covered.
49
B.- COURSES OFFERED IN FRENCH
From the Department of Economics:
Autumn semester (from 01.10. 2002 till 14. 02.2003)
1.- Theorie Monetaire (reading course) – G. Sapountzoglou
6 ECTS credits
Course Outline
 La Theorie de la Monnaie.
 Le systeme monetaire et bancaire.
 Credit et Banques.
 Le role de l’Interet.
 La Demande de la Monnaie.
 L’Offre de la Monnaie.
 Le Marche Monetaire et le Marche des Capitaux.
 Le fonctionnement de la Banque.
 La Politique Monetaire et la Politique de Credit.
 Relations Monetaires Internationales.
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Theorie et Pratique de l’Integration Economique (reading course)
- G. Sapountzoglou
6 ECTS credits
Course Outline
 La Theorie de l’Union Douaniere :

Influences Statiques et Dynamiques de l’Union Douaniere.

Objectifs et Opportunites de l’Union Douaniere.
 Les Formes de l’Unification Economique.

Le Marche Commun.

L’Union Fiscale.

L’Union Monetaire.

L’Unification Economique dans la pratique.
50
C.- COURSES OFFERED IN GERMAN
From the Department of Business Administration:
Autumn semester (from 01.10. 2002 till 07. 02.2003)
1.- Einfuhrung in die VWL - P. Paschos
6 ECTS credits
1. FORSCHUNGSOBJEKT DER VWL
1.1. WIRTSCHAFTSSUBJEKTE (U. H.)
1.2. HAUPTFRAGEN DER VWL
1.3. VWL - BWL
1.4. VWL : ( THEORIE – POLITIK - WISSENSCHAFT)
2.
GRUNDPROBLEME DES WIRTSCHAFTENS
2.1.
2.2.
2.3.
ALLOKATION (WAS SOLL)
EFFIZIENZ (WIE SOLL)
VERTEILUNG (FÜR WEN SOLL)
3. TATBESTÄNDE DES WIRTSCHAFTENS
3.1. BEDÜRFNISSE
3.2.GÜTER (GÜTERKNAPPHEIT)
3.3.PRODUCTION UND GÜTERKNAPPHEIT
( PRODUKTIONSFAKTOREN)
3.4.VERTEILUNGSPROBLEME
4. DAS WAHLPROBLEM IN DER WIRTSCHAFT
A.
B.
C.
TRANSFORMATIONSKURVE
OPPORTUNITÄTSKOSTEN
ÖKONOMISCHES PRINZIP
5. DIE ORGANISATION DER ÖKONOMIE
A.
B.
C.
D.
ARBEITSTEILUNG
( Merkmale, Strukturwirkungen, Nachteile)
TAUSCH UND MÄRKTE
DER PREISMECHANISMUS (A. N.)
NATUR UND GELDWIRTSCHAFT
6. DAS VOLKSWIRTSCHAFTLICHE RECHNUNGSWESEN
6.1.
AUFGABEN DES VWR
6.2.
DIE KRITERIEN DES VWR
51
7.
7.1.
ANALYSE DER DREI GEBIETE DES VWR
DIE KREISLAUFDARSTELLUNG
7.1.1.
DER BEGRIFF KREISLAUF
7.1.2.
EINFACHES, MARKTWIRTSCHAFTLICHES, GESCHLOSSENES KREISLAUFMODEL
7.1.3.
ERWEITERUNG DES KREISLAUFES
7.1.3.1.
7.1.3.2.
7.2.
DIE SEKTOREN: STAAT, BANKEN UND AUSLAND IM KREISLAUF
ENTWICKUNG DER EINKOMMENSGLEICHUNGEN
AUS DEM KREISLAUF
DIE SOZIALPRODUKTANALYSE
7.2.1.
BEGRIFFSINHALTE
7.2.2.
BERECHNUNGSMETHODEN DES SOZIALPRODUKTES
7.2.2.1.
DIE REALE METHODE: ENTSTEHUNGSRECHNUNG
7.2.2.2.
DIE PERSONELE METHODE: VERTEILUNGSRECHNUNG
7.2.2.3.
DIE INDIREKTE METHODE: VERWENDUNGSRECHNUNG
7.2.3.
7.3.
DIE KONTENMÄSSIGE DARSTELLUNG
DIE INPUT-OUTPUT- MATRIXDARSTELLUNG
8.
STÖRUNGEN IM WIRTSCHAFTSKREISLAUF
8.1.
KURZFRISTIGE STÖRUNGEN
8.2.
LANGFRISTIGE STÖRUNGEN
9.
WIRTSCHAFTS-ORDNUNG UND -SYSTEME
9.1.
ZENTRALVERWALTUNGSWIRTSCHAFT
9.2.
MARKTWIRTSCHAFT
9.3.
SOZIALE MARKTWIRTSCHAFT
2.- Mikrookonomische Theorie - P. Paschos
6 ECTS credits
1.
GRUNDLAGEN
DER MIKROÖKONOMISCHEN THEORIE
1.1.
Ziel der Mikrotheorie
52
2.
1.2.
Ceteris - paribus – Klausel (Partialanalysen)
1.3.
Betrachtungsarten- Statik- Dynamik- Komparative statik
HAUSHALTSTHEORIE
2.1.
DIE WIRTSCHAFTSPLÄNE EINES H.
A. Beschafung von Eikommen
B. Verwendung von Einkommen
(Diagramm)
2.2.
ABNEHMENDER GRENZNUTZEN
(Das Sättigungsgesetz –Gossensche G.)
(Diagramm)
2.3.
INDIFFERENZKURVEN UND GÜTERARTEN
- Homogene Güter
- Komplementäre Güter
2.4.
GRENZRATE DER SUBSTITUTION
2.5.
NUTZEN- (HAUSHALTS)OPTIMUM
2.6.
KONSUM BEI EINKOMMENSÄNDERUNGEN
- Sätigungsgüter
- Nicht Sätigungsgüter
- Inferiöre Güter
2.7.
WIRKUNGEN DER PREISÄNDERUNGEN
- Einkommenseffekt
- Substitutionseffekt
- Gesamteffekt
- Ausnahme Fälle: Giffen Güter
- Herstellung der Nachfragefunktion
-
2.8
Mitläufereffekt
Prestigeeffekt
Verlauf der Nachfragekurve
(normal, atypisch, starre Nachfrage)
Güterverhältniss zu einander
(komplementäre unverbundene,
inferiore Güter)
- Einzelne- und Gesamtnachfrage
ELASTIZITÄTEN
A. Def. Der Elastizität
B.
C.
D.
E.
Nachfrageelastizität
Isoelastische Nachfragekurve
Direkte Preiselastizität
Kreuzpreiselastizität (bei homogenen,substituten unverbundenen und
komplementeren Gütern)
2.9. ARBEITSANGEBOT DER HAUSHALTE
3.UNTERNEHMENTHEORIE
3.1.
DIE ZIELSETZUNG DER U.
3.2.
DIE PRODUKTIONSFUNKTION
A. Isoquanten
B. Klassische Produktionsfunktion
(Gesamt und Durchschnittsertrag)
53
C.
D.
E.
F.
G.
Lineare Produktionsfunktion
Neoklasische Produktionsfuntion
Konstande, abnehmende, zunehmende Ertragszuwaechse (Issoquanten)
Produktionsfunktion und technischer Fortschritt
Die Kostenfunktion (Kostenveläufe)
- zunehmende
- abnehmende
- variable
- fixe
- durchschnittliche
- langfristige
4. THEORIE DER PREISBILDUNG
A.Marktformen
B.Marktpreibildung
- Nachfrageänderung
- Angebotsänderung
- Die Rolle der Zeit (Spinnwebtheorem)
- Preisbildung beim Monopol
- Konsumentenrente
- Produzentenrente
3.- Internationale Wirtschaftsbeziehungen und Europaische Union, - P. Paschos
6 ECTS credits
1.
Reale- und monetäre Aussenwirtschaftstheorie
1.1.
Einführung
1.2.
Geschichtliche Entwicklung des Aussenhandels
1.3.
Reale Aussenwirtschaftstheorie
1.3.1.
Theorie der komperativen Kosten
1.3.2.
Das Prinzip der internationalen Arbeitsteilung
2.
2.1.
2.2.
2.2.1.
2.2.2.
2.2.3.
3.
4.
4.1.
4.2.
4.2.1.
4.2.2.
5.
5.1.
5.2.
Monetäre Aussenwirtschaftstheori
Einführung
Zahlungsbilanz
Leistungsbilanz
Kapitalbilanz
Devisenbilanz
Aussenwirtschaftspolitik (AWP)
Die Grundlagen der realen Aussenwirtschaftspolitik
Die Entwicklung
Die World Trade Organisation (WTO)
Die Organisation der WTO
Das Abkommen
Regionale Ontegration
Die Freihandelszonen
Dir Zollunion
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5.3.
5.4.
5.5.
5.6.
5.7.
5.8.
5.9.
5.10.
5.11.
5.12.
Gemeinsamer Markt (GM)
Wirtschafts- und Währungsunion
Politische Union
Die Europäische Union (EU)
EWR (EFTA)
CEFTA
NAFTA
MERCOSUR
ASEAN
APEC
6.
6.1.
Die monetäre Aussenwirtschaftstheorie und –politik
Der Wechselkurs als WiPo-Instrument
7.
DIE EUROPÄISCHE UNION
TEIL A: GRUNDFUNTERMENTE DER EU
1. EG – VERTRÄGE
2. DIE MIETGLIEDSSTAATEN
3. ORGANE DER EU
3.1.DER MINISTERRAT (M.R.)
3.2.
DIE EUROPÄISCHE KOMISSION
3.3.
DER AUSSCHUSS DER STÄNDIGEN VETRETER
3.4.
DIE WIRTSCHAFTLICHE UND SOZIALE VERTRETUNG
3.5.
DAS EUROPÄISCHE PARLAMENT
3.6.
DIE LÄNDER-GEMEINDE-VERTRETUNG
3.7.
DER EUROPÄISCHE GERICHTSHOF
3.8.
DER EUROPÄISCHE PRÜFUNGSHOFF
4.
DAS ENTSCHEIDUNGSSYSTEM DER E.U.
5.
EUROPÄISCHES RECHT
6.
EINNAHMEN UND AUSGABEN DER EU
TEIL B: SCHRITTE WIRTSCHAFTLICHER ENTWICKLUNG IN DER EU
1.
DIE ZOLLUNION
2.
GEMEINSAMER MARKT
2.1
BESEIDIGUNG DER TECHNISCHEN
HINDERNISSEN
2.2. FÖRDERUNG DES INNEREUROPÄISCHEN
WETTBEWERBS IM ÖFFENTLICHEN DIENST
2.3. ARBEITSMOBILITÄT
2.4. FREIHEIT IM BERUFSAUSÜBUNG
2.5. FREIHEIT IM DIENSTLEISTUNGSSEKTOR
2.6. FREIHEIT IN DER KAPITALBEWEGUNG
55
3.
WIRTSCHAFTS – UND WÄHRUNGSUNION
3.1. DAS EUROPÄISCHE WÄHRUNGSSYSTEM
3.2. DIE VERSCHIEDENEN STADIEN
TEIL C: EUROPÄISCHE AGRARPOLITIK
1. GEMEINSAME AGRARPOLITIK (GAP)
1.1.
FINANZIERUNGSART DER GAP
1.2.
ORGANIZATION DES AGRARMARKETS
1.3.
MASSNAHMEN EINER STRUKTURPOLITIK
TEIL D: INTERNATIONALE WIRTSCHAFTSPOLITIK DER EU
Spring Semester (from 17. 02. 2003 till 30. 06. 2003)
1.- Einfuhrung in die VWL - P. Paschos
(as above)
2.- Mikrookonomische Theorie - P. Paschos
(as above)
3.- Internationale Wirtschaftsbeziehungen und Europaische Union (as above)
P. Paschos
From the International Relations Office
Athens, July 22, 2002
56