Once enrolled, MBA students must successfully complete a total of thirteen (13) courses, namely: a) eleven (11) core courses and b) two (2) elective courses.
The offered courses are:
1st Semester (Fall)
- International Trade
- International Finance
- D.S.S. : Decision Support Systems
- Data Analysis
2nd Semester (Spring)
- Decision Making: Quantitative Methods and Forecasting
- Multinational Corporations
- Managerial Accounting
- International Banking and Finance
2nd Semester: Electives
- International Trade Law
- The Economics of NGO's
- Risk Management
3rd Semester (Fall)
- Business Plan
- International Management and Strategy
- International Marketing
3rd Semester: Electives
- International Business Law
- E.U. Competition Law
- Game Theory
4th Semester (Spring)
- Master's Thesis
International Trade Theory
Studies the flows of goods and services across countries. It investigates the various forms of international transactions and the possible benefits that arise for the participating countries. The course deals with the key issues and analytical tools necessary for a proper understanding of the structure and function of the international economy,
The course studies the international financial transactions with special emphasis on the monetary and financial part of these transactions. During the course certain models are developed that describe and explain the functioning of the foreign exchange market, the currency risk, the nominal and real exchange rates, fixed exchange rates, the theory of the purchasing power parity, monetary policy, the balance of payments and the efficiency of international financial markets.
D.S.S.: Decision Support Systems
The course focuses on the major types of decision and information systems that are used in organizations and companies. It gives emphasis on certain types of systems, applications and modern IT technologies and trends. Finally, the course analyzes the links between managerial decision-making and Information Systems, and also the implementation of such systems in corporations.
There are two Schools of Thought in Statistical Analysis: the Anglo-Saxon one that attempts to find a model that best describes a particular DataSet and the European one that tries to identify and highlight the properties and possible relations withinthe DataSet using transformations and projections. The course follows the European approach and presents the analytical tools of the Correspondence Analysis and Automatic Classification. During the course, and in addition to the mathematical exposition, a specific statistical analysis software program is also presented and empirically employed. The goal of the course is twofold: first, to discover and thoroughly understand the techniques of data analysis and second, to be able to fluently use these techniques in applied analysis.
International Banking and Finance
The course starts by developing a solid background in the established principles of international banking and finance. Next, it focuses on the latest theoretical and empirical developments in international money and capital markets. In doing so, it analyzes both the traditional and the state-of-the-art financial instruments such as bonds, stocks, derivatives, etc. Additionally, the course studies theoretically and empirically the term and risk structure of interest rates, the valuation and pricing of stocks, bonds and derivatives along with other financial assets, the modern portfolio theory, the Capital Asset Pricing Model, the arbitrage pricing theory, etc.
The course focuses on risk management in organizations and businesses. Beyond the basic concepts and broad issues of risk management, special attention is devoted on strategies dealing with specific risk management cases. Moreover, the course examines specific case studies on risk and project management, and also the correlation of risks with crises. Finally, during the semester, students get the opportunity to familiarize themselves with certain types of issues in risk management and also on how to manage these issues with the use of appropriate software.
Decision Making: Quantitative Methods and Forecasting
This course focuses on the fundamental models that are used in decision-making, along with their capabilities and limitations. The course presents the basic methodological tools in managerial decision-making in production, marketing and sales, stocks, transportation, finance, human resources etc. The analysis presented in the course depends heavily on applications. Finally, the goal of the course is to provide the students with the necessary knowledge, tools and implementation techniques of modern Management Science in realistic business problems and challenges.
The course studies the operation of multinational corporations in the modern world economy. Initially, the course analyzes the characteristics of multinational companies and their interaction with the specific economic conditions of their host countries. Then the course focuses on key theoretical approaches that help understand significant managerial decisions such as location and the way these decisions are related to the companies' international strategy. Finally, the course examines the strategies multinational companies employ to penetrate emerging markets using up-to-date case studies.
International Business Law
The course focuses on the legal framework of certain aspects of EU's external trade both through the establishment of trade and economic agreements with third countries as well as through autonomous measures - "trade defense"- instruments adopted unilaterally by the E.U. within W.T.O.
International Management and Strategy
The course deals with the international aspects of management and strategy of a multinational company and provides managers with the necessary framework and tools to develop successful strategies in penetrating an increasingly complex world market. The first part of the course presents the basic methodological tools and the key components that compose the competitive international business environment at the sectoral, geographic, and product or service level. Thus, business opportunities are classified accordingly within a dynamic world economy, the pursuing of which poses significant managerial and administrative challenges. The second part of the course analyzes managerial tactics in various business situations by using case studies from multinational corporations. The goal of this course is to provide students with the analytical tools and empirical framework necessary for a successful international strategy planning within a multinational company.
This course presents and analyzes the processes and methods necessary for an effective strategic planning in implementing a new business idea, or in designing a new business direction for the company. It also focuses on the process that leads in developing a business idea, presents the methodologies for sustainability analysis, a framework to evaluate the future prospects of success in the market and finally a tool for planning and implementation of strategy and policies. Particular emphasis is also paid to business consolidation plans, diversification and internationalization. Finally, the course discusses a comprehensive framework to foster entrepreneurship and leads to the development of a comprehensive business plan.
International Trade Law
The course studies the content and dynamics of trade associations at a regional level and also at the level of bilateral economic relations. It covers topics such as the intertemporal developments in the terms of trade, issues on trade creation and trade diversion due to non-tariff barriers, and the role of regional and international financial institutions in the establishment of competitive trade advantages. The course also studies issues such as the change in the volume of trade due to a monetary union and the effects of the external trade policy. Finally, economic models that demonstrate how central banks affect the expectations of the public and, international trade are presented.
The Economics of NGOs The role of NGOs (Non-Governmental Organizations) is dramatically increased in international cooperation. Large amounts of private donations are funneled through NGOs. International organizations such as the UN and the EU promote the establishment of NGOs and very frequently receive consultation from NGOs. Moreover, NGOs can often identify better the need for help at a local level and can provide aid without the mediation of, often, inefficient government policies since they have lower operating costs and make a more efficient use of resources. E.U. Competition Law
The legal framework that regulates the operation of market competition, at both national and community level constitutes the hard core of business law and is an important factor that shapes the market economy. The course examines various actual cases of interference with market competition through the rich and long-standing practices of antitrust institutions. Since the Greek competition law is based on the EU competition law, a comparison among the two is presented in the course.
Game theory studies strategic decisions in a competitive environment. The course equips students with knowledge and analytical tools in order to build, study and solve games that are relevant to economics and business. The course is organized around the following modules: Classical optimization theory, characteristics and classification of various games, an analysis of a game, analytical solutions for games in strategic form (resolution by the criterion of sovereignty, Nash equilibrium in pure and mixed strategies, etc.), games with long-form solutions, repeated games, games with full and incomplete information.
Marketing is the business function that deals with fulfilling customers' needs and desires. The role of Marketing is to identify and measure these needs, identify a target market, and help managers in deciding the proper placement of products and services in this market, the optimal product and price, and finally the promotion and distribution of goods and services. Successful marketing strategies synchronize better than competitors the company's goals and resources with market opportunities, and succeed in creating and appropriating greater consumer value than their competitors. The aim of this course is to develop skills for successful marketing decisions, as well as a deep understanding of specific marketing methods such as market segmentation, product positioning, customer satisfaction, etc.
In a competitive and rapidly changing economic environment, one of the major sources of success is the quality and effectiveness of business administration. Successful company management requires correct and timely business decisions that enhance the value of the company. For such decisions, managers use information derived from Managerial Accounting. The objective of the course is to demonstrate the types of the necessary information, the sources of such information and its effective use. Specifically, this course aims in developing the necessary methodological tools for the better understanding, interpretation and critical analysis of the provided information that facilitates the successful management of the company. Finally, the course analyzes modern management systems such as Activity Based Cost Management (ABCM), Balanced Scorecard and Capital Budgeting.
By the end of the 3rd semester, the Program faculty suggests possible topics for the students' Master's Thesis. Moreover, based on the students' particular interests, a specific alternative topic can be decided in cooperation with a faculty member. Their Thesis is carried out during the 4thsemester of the Program. By April 20th, all Program participants should submit to the Department's Registrar Office a preliminary outline of their Master's Thesis that includes the Thesis topic, the company or the organization the Thesis will be focusing on, the research methodology and finally the relevant literature to be used. All Master's Theses are evaluated by the Program Academic Committee no later than the September of the second year.