Agricultural
University of Athens
Department of Regional
& Economic Development

[6101] Principles of Economic Theory

Course Content

Definition of economics, the economic problem, demand and supply, elasticity, efficiency and fairness, government intervention in markets, production and costs, competitive markets, monopolies, real GDP, employment and inflation, money and banks.

Learning results

The learning outcomes of the course are:

Familiarity with the principles of microeconomic and macroeconomic theory at the introductory level.

Students should be able to understand and explain the basic principles of economic theory with simple diagrams.

Solve basic microeconomic and macroeconomic problems using diagrams.

Understand how the firm and the consumer operate within the economy and identify types and forms of behavior and markets.

Understand how an economy works, how output, inflation, unemployment and money in the economy are measured, and the role of government.

Bibliography

Begg, Vernasca, Fischer and Dornbusch: Introduction to Economics, 3rd Edition, Kritiki Publications, 2015

Educational Staff

Alexiou Spyros

2265072268
salexiou@aua.gr
Spyros Alexiou is a faculty member of the Agricultural University of Athens, […]

NEWSLETTER

Incorporated into the Agricultural University of Athens (AUA), Law 4589 - Government Gazette 13/A/29.01.2019. Originally it belonged to the School of Management and Economics of the former Technical University of Central Greece. 
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