Principles of Economics for Engineers and Scientists

Εισαγωγή στην Οικονομική Επιστήμη για Μηχανικούς και Επιστήμονες

Course ID:

ECO_000

Semester:

1st

Year of Study:

1st Year

Category:

Offered to other depts

For Erasmus Students:

No

eclass URL

Learning Outcomes

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

Understand key economic notions
Describe basic microeconomic behavior of consumers and firms
Identify and describe fundamental macroeconomic measures
Recognize the influence of basic macroeconomic developments of business aspects
Understand the role and the process of technological innovation
Grasp and define entrepreneurship types
Understand and use basic tools of investment projects evaluation

Course Contents

The course is a general introduction in micro and macroeconomics. In addition, some basic elements of the economics of innovation and investments analysis are included. The following sections compose the body of the course:

The fundamental economic problem
Consumer’s Behavior
Firms’ production and costs
Demand and Supply
Elasticities, endogenous and exogenous shocks
Competition and Business Strategies
Key Macroeconomic measures
The role of state intervention and the open economies
Aspects of innovation and entrepreneurship
Basic elements of investment projects evaluation

Teaching Activities

Lectures (3 hours/week)

Teaching Organization

*Activity*	*Semester workload*
Lectures	13X3 =39 hours
Work at home	111 hours
Total number of hours for the Course (25 hours of work-load per ECTS credit)	150 hours (total student work-load)