1.        Be aware of the categories of the science of Economics and to understand the meaning of the term "mathematical modelling", the importance of economic models and the interactions of the various parts of the economy.
2.        Be aware of the concepts of rational choices, narrowness, opportunity cost, efficiency and marginal analysis in economics.
3.        Be able to determine the supply and demand curves of business products in competitive markets.
4.        Be able to understand and interpret price elasticity of demand, cross elasticity, income elasticity and price elasticity of supply and the relationship between taxes and elasticity.
5.        Be able to understand consumer choice and how utility maximization is determined. To understand the concept of indifference curves.
6.        Understand the alternative approach to economics: "Behavioral Economics”.
7.        Understand marginal physical product, marginal product and marginal cost, the relationship between Marginal Physical Product and marginal cost, the concepts of total, average and marginal cost, the determination of average marginal cost and marginal cost curves and the connection of production at cost
8.        Be able to distinguish the characteristics of perfect competition, monopoly, monopolistic competition, oligopoly and cartel.
9.        Be aware of the effects of state intervention by enforcing antitrust legislation in order to promote competition.
10.    Understand income inequality using the Lorenz Curve.
11.    Realize the importance and contribution of international trade to the prosperity of a country.
12.    Know the theory and practice of the Social and Solidarity Economy.

Search, analysis and synthesis of data and information, using the necessary technologies

Adaptation to new situations, Decision making

Autonomous work, Teamwork

 The graduate will also have the ability to generate new research ideas.

Moreover, the course aims to develop the following general skills: - Critical ability and self-criticism - Ability to cooperate - Interpersonal skills - Search data using the necessary technologies

1^ο 1st Lecture: The Definition of economic, Microeconomic objectives, the maximization of efficiency, economic categories. The meaning of the term "mathematical modelling", the importance of economic models and the interactions of the various parts of the economy.

2^ο 2nd Lecture: Economic activities. The Production Possibilities Curve and Trade.

3^ο 3rd Lecture: Demand and supply. Exercises.

4^ο 4th Lecture: The market: supply and demand.

5^ο 5th Lecture: Elasticities of demand, supply, cross and income elasticity. Exercises.

6^ο 6th Lecture: Consumer choice and utility maximization. Regional Finance. Indifference curves.

7th Lecture: Marginal cost, production and cost in the long run. Marginal physical product and marginal cost.

8^ο 8th Lecture: Quantitative exercises on the theory of the 7th Lecture.^ου μαθήματος.

9th Lecture: Quantitative exercises on the theory of the 7th Lecture.

10^ο 10th Lecture: Perfect competition in the short and long run.

11^ο 11th Lecture: Monopoly, price policy and production level decisions.

12^ο 12th Lecture: Monopolistic competition and oligopoly. The Cartel Theory. The state and the product market. Measuring income inequality.

Το κράτος και η αγορά προϊόντων. Μέτρηση της εισοδηματικής ανισότητας.

13^ο 13th Lecture: The markets of productive factors with an emphasis on the labor market. Interest, annuity, profit. Social and solidarity economy.

Language of Evaluation, Greek

The evaluation of the students is done with

Multiple Choice Test or Written Exam or Oral Exam 90%

-Essay Development 10% 10%

(1)     Μικροοικονομική, Arnold R. Εκδ. Broken Hill

(2)     Εισαγωγή στην Οικονομική: Μικροοικονομική, Sloman John, Wride Alison, Garratt Dean. Εκδ. Broken Hill
(3)     Μικροοικονομική. Daniel Rubinfield, Robert Pindyck. Εκδ. ΠΡΟΠΟΜΠΟΣ