Postgraduate studies

The Department of Economics offers an MSc in Economic Analysis and Policy as well as a PhD in Economics.

MSc in Economic Analysis and Policy

The main goal of the MSc is to provide training and specialization in contemporary economic issues. Students develop critical thinking and analytical skills.

The MSc program started in 2004, and since then approximately 250 students have graduated and are currently employed in large enterprises or organizations, or continued their studies at the doctoral level.

PhD in Economics

The main goal of the doctoral program is to promote economic science through high quality scientific research. Graduates of the doctoral program are expected to pursue academic or research career or to become senior executives in industry.


MSc in Economic Analysis and Policy


Admission process

Candidates wishing to join the MSc program are required to submit the following documents:

  1. Application
  2. Transcript report.
  3. Certificate of English language (B2 level).
  4. Certificate of Greek language (for foreign students).
  5. Two letters of recommendation.


Applications are assessed in two rounds:

March-April (first round).

September (second round).


The selection process is as follows:

Applicants with sufficient knowledge of microeconomics/macroeconomics and quantitative methods are classified based on the following criteria:

  1. Degree grade (minimum 6/10): Weight – 25%.
  2. Average grade in macroeconomics (at least two modules): Weight – 15%.
  3. Average grade in microeconomics (at least two modules): Weight – 15%.
  4. Average grade in quantitative modules (at least one module in mathematics, statistics and econometrics, or at least one module in mathematics and two modules in statistics or one module in mathematics and two modules in econometrics): Weight – 15%.
  5. Interview (out of 10): Weight – 30%.


Applicants with insufficient knowledge in microeconomics/macroeconomics and quantitative methods are required to sit for exams.

Applicants scoring below 7/10 may be required to sit for exams in one or more of the aforementioned modules (microeconomics, macroeconomics or quantitative methods).


1st Semester

The modules of the first semester are compulsory. Each module lasts 6 weeks (4 hours/week).

  • Macroeconomics I
  • Macroeconomics ΙΙ
  • Microeconomics I
  • Microeconomics II
  • Econometrics I
  • Econometrics II
  • Applied Mathematics


2nd Semester (choice of 6 courses from the following)

The second semester modules are elective. Each student has to choose a total of 6 modules from a total of at least 10 elective modules. Each module lasts 6 weeks (4 hours/week). Elective courses are determined each academic year by the General Assembly of the Department. The list below shows all possible elective courses offered.

  • International trade
  • Labour economics
  • Financial econometrics
  • Public economics
  • Economic growth
  • History of economic theories
  • Economic policy
  • Game theory
  • Computational methods in dynamic economics
  • Intelligent methods of quantitative analysis
  • Economic development
  • International monetary relations
  • Operational research and decision-making
  • Mathematics of financial markets
  • Applied Microeconomics
  • Economics of human resources
  • Special topics in econometrics
  • Environmental economics
  • Industrial organization
  • Health economics
  • Experimental economics
  • Political Economy
  • Computational economics
  • Applied econometrics
  • Applied economics
  • Financial accounting
  • Consumer theory
  • Stochastic simulation
  • Financial investments


3rd Semester

During the 3rd semester, students prepare and write their Master’s dissertation.