Principles of Economics for Engineers and Scientists

Εισαγωγή στην Οικονομική Επιστήμη για Μηχανικούς και Επιστήμονες

Course ID: 
Year of Study: 
For Erasmus Students: 

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


Semester workload


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)


Written examination based which includes:

  • Questions of multiple choice type
  • Questions of short answer type

Use of ICT

ICT in teaching and communication with students (e-class) 

Course Info

Current Tutors


Raftopoulou Athina

Teaching Fellow
Athina Raftopoulou
Field of Expertise: 
Microeconomics, Health Economics, Applied Econometrics
Office Hours: 
Tuesday 11.00-13.00
Wednesday 11.00-12.00
(also upon request)

Reading List

Reading Recommendations: 
Αρχές οικονομικής, Parkin Michael, Powell Melanie, Matthews Kent
Οικονομική-Μικροοικονομική και Μακροοικονομική, Krugman Paul, Wells Robin