Statistics II


  • GENERAL
SCHOOL Faculty of Social, Political and Economic Sciences
ACADEMIC UNIT Department of Economics
LEVEL OF STUDIES Undergraduate
COURSE CODE NK32 SEMESTER 3rd
COURSE TITLE Statistics II
INDEPENDENT TEACHING ACTIVITIES

 

WEEKLY TEACHING HOURS CREDITS
4 6
COURSE TYPE

general background,
special background, specialised general knowledge, skills development

Core
PREREQUISITE COURSES:

 

LANGUAGE OF INSTRUCTION and EXAMINATIONS: HELLENIC
IS THE COURSE OFFERED TO ERASMUS STUDENTS YES (ESSAY IN ENGLISH)
COURSE WEBSITE (URL) http://www.econ.duth.gr/undergraduate/lessons/c1.shtml

 

  • LEARNING OUTCOMES
Learning outcomes
 
The course’s objective is the learning and use of basic statistical inference tools.

 

Correlation of the course with the Department’s subject

The Department of Economics aims to study and promote economic science. It offers all those theoretical and quantitative tools that allow the understanding of the economic environment based on two axes: The first concerns the operation of the financial system and therefore monitors the development of economic theories and models. The second is the scientifically correct positions and proposals for achieving certain objectives regarding the equitable and efficient organization of the economic system. This is directly related to the knowledge of statistical inference methodologies, thus supporting inference about a population’s properties and presenting relevant data samples.

This course will develop students’ skills to solve problems, to use and process quantitative data and their analytical and inductive thinking ability.

General Competences
 

·         Search for, analysis and synthesis of data and information, with the use of the necessary technology

·         Adapting to new situations

·         Decision-making

·         Production of free, creative and inductive thinking

 

  • SYLLABUS
• Estimation
• Confidence Intervals
• Hypothesis Testing
• Simple Linear Regression
• Analysis of Variance
• Elements of nonparametric statistics
  • TEACHING and LEARNING METHODS – EVALUATION
DELIVERY Face-to-face lectures
USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY Utilization of eclass.duth.gr
TEACHING METHODS

 

Activity Semester workload
Lectures 52 hours
Study 98 hours
Course total 150 hours
STUDENT PERFORMANCE EVALUATION WRITTEN EXAMS AT THE END OF THE SEMESTER
  • ATTACHED BIBLIOGRAPHY
1.       Στατιστική για οικονομικά και διοίκηση επιχειρήσεων, G. Keller, 2010. ΕΚΔΟΣΕΙΣ ΕΠΙΚΕΝΤΡΟ Α.Ε.

2.       Στατιστική σκέψη στον κόσμο των επιχειρήσεων, A. Aczel, J. Sounderpandian, 2011. BROKEN HILL PUBLISHERS LTD.

3.       Στατιστικοί μέθοδοι Ανάλυσης για Επιχειρηματικές Αποφάσεις, I. Χαλικιάς, 2009. ROSILI ΕΜΠΟΡΙΚΗ – ΕΚΔΟΤΙΚΗ Μ.ΕΠΕ

4.    Στατιστική με εφαρμογές στα Οικονομικά, Ε. Τσιώνας, 2009. ΕΤΑΙΡΕΙΑ ΑΞΙΟΠΟΙΗΣΗΣ ΚΑΙ ΔΙΑΧΕΙΡΙΣΗΣ ΤΗΣ ΠΕΡΙΟΥΣΙΑΣ ΤΟΥ ΟΙΚΟΝΟΜΙΚΟΥ ΠΑΝΕΠΙΣΤΗΜΙΟΥ ΑΘΗΝΩΝ ΑΕ.

 

Management II


The sum of the teaching material can be found on the following page on E-class: https://eclass.duth.gr/courses/KOM06159/.

Course description

The course aims to give students a complete picture of the primary issues related to the successful articulation of systematic and innovative management actions within the various socio-economic organizations in the highly complex and uncertain environment of the current crisis and globalization’s restructuring.

It aims to develop their understanding of the issues related to the successful management of organizational change and adaptability and, consequently, their ability to take, implement, and control strategic, technological, and managerial decisions within the organizations that will be employed in the future.

Learning outcomes

This course’s attendance will give students the necessary abilities to:

  • Understand the dimension of innovation and change management mechanisms in different organizational and operational environments.
  • Perceive the decision-making processes with a combined perspective that composes the spheres of strategy, technology, and management of the various socio-economic organizations (Stra.Tech.Man approach).
  • Develop creative and critical thinking on the various questions raised by the ongoing process of socio-economic change.
  • Understand how innovation and intrapreneurship can be enhanced and aid development within a socio-economic organization.
  • Analyze the processes of different forms of organizational change thoroughly in today’s conditions of global crisis.

General skills

  • Adaptability to new situations.
  • Understand how to conceive, achieve, and implement business innovation.
  • Ability to synthesize the dimensions of strategy, technology, and management (Stra.Tech.Man approach)
  • Comprehensively understand organizational challenges, opportunities, and threats.
  • Implement and audit administrative actions during the change management process.

Course contents

  1. The globalization
  2. Understanding today’s global crisis
  3. The path to “new globalization”
  4. Change, crisis, and new global capitalism
  5. Towards an evolutionary understanding of the gradually emerging global environment
  6. Adaptability, creativity, and innovation
  7. The many faces of innovation
  8. Innovation as an exercise of organizational survival
  9. Innovation in Stra.Tech.Man terms and the physiological mutation of firms
  10. Basic dimensions and central theoretical approaches to change management
  11. The Stra.Tech.Man approach to change management
  12. The innovative Stra.Tech.Man synthesis and change management: Assimilation of change and constant transformation
  13. Revisiting the course’s content and recapitulation

Bibliography

Required textbooks (In Greek)

  • Παγκόσμια κρίση, καινοτομία και διαχείριση αλλαγής
    Κωδικός Βιβλίου στον Εύδοξο: 68379911
    Έκδοση: 1η έκδ./2017
    Συγγραφείς: Βλάδος Χάρης
    ISBN: 978-960-218-883-5
    Τύπος: Σύγγραμμα
    Διαθέτης (Εκδότης): ΕΚΔΟΣΕΙΣ ΚΡΙΤΙΚΗ ΑΕ
  • Η επιχείρηση στη νέα εποχή
    Κωδικός Βιβλίου στον Εύδοξο: 11573
    Έκδοση: 1η έκδ./2005
    Συγγραφείς: Crainer Stuart, Dearlove Des
    ISBN: 978-960-218-424-0
    Τύπος: Σύγγραμμα
    Διαθέτης (Εκδότης): ΕΚΔΟΣΕΙΣ ΚΡΙΤΙΚΗ ΑΕ

Recommended textbooks

Macroeconomics II


  • GENERAL
SCHOOL POLITICAL, SOCIAL AND ECONOMIC SCIENCES
ACADEMIC UNIT DEPARTMENT OF ECONOMICS
LEVEL OF STUDIES UNDERGRADUATE
COURSE CODE ΝΚ31 SEMESTER 2
COURSE TITLE MACROECONOMICS II
INDEPENDENT TEACHING ACTIVITIES
if credits are awarded for separate components of the course, e.g. lectures, laboratory exercises, etc. If the credits are awarded for the whole of the course, give the weekly teaching hours and the total credits
WEEKLY TEACHING HOURS CREDITS
LECTURES 4 6
Add rows if necessary. The organisation of teaching and the teaching methods used are described in detail at (d).
COURSE TYPE

general background,
special background, specialised general knowledge, skills development

SPECIALIZATION
PREREQUISITE COURSES:

 

LANGUAGE OF INSTRUCTION and EXAMINATIONS: GREEK
IS THE COURSE OFFERED TO ERASMUS STUDENTS YES
COURSE WEBSITE (URL) http://www.econ.duth.gr/undergraduate/lessons/c5.shtml

 

 

  • LEARNING OUTCOMES
Learning outcomes
The course learning outcomes, specific knowledge, skills and competences of an appropriate level, which the students will acquire with the successful completion of the course are described.

Consult Appendix A

·     Description of the level of learning outcomes for each qualifications cycle, according to the Qualifications Framework of the European Higher Education Area

·     Descriptors for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Appendix B

·     Guidelines for writing Learning Outcomes

 

The aim of this course is to deepen the existing basic knowledge of the students on the main issues of modern macroeconomic theory and to extend this knowledge to a level where they can analyze critical issues of modern fiscal and monetary policy in an open economy. To achieve this, both the lectures and all other activities planned for the course will aim at the development of the analytical and theoretical skills of the students and their application to current issues with familiar examples from economics and financial news. The learning process is interactive and therefore the participation of the students is considered necessary and critical.

 

 

 

 

 

 

General Competences
Taking into consideration the general competences that the degree-holder must acquire (as these appear in the Diploma Supplement and appear below), at which of the following does the course aim?
Search for, analysis and synthesis of data and information, with the use of the necessary technology

Adapting to new situations

Decision-making

Working independently

Team work

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

Project planning and management

Respect for difference and multiculturalism

Respect for the natural environment

Showing social, professional and ethical responsibility and sensitivity to gender issues

Criticism and self-criticism

Production of free, creative and inductive thinking

……

Others…

…….

 

• Individual work

• Ability to analyze complex ideas

• Resolve complex issues through scientific debate

• Understand the operation of the economy as a complex system

 

 

 

 

 

 

 

 

 

 

  • SYLLABUS
• Introduction to Macroeconomics

• R.E. Lucas: The theory of rational expectations

o Adaptive Expectations

o The Lucas Critique

o Implications for Policy

o Neoclassical Macroeconomic Model

o Neo-Keynesian Macroeconomic Model

• Banks and Financial Institutions

o Function and Importance of Banks

o Asymmetric Information: Adverse Selection and Moral Hazard

o Supervision of the Banking System

o Banking Crises

o Financial Crises

• The Central Bank

o European Central Bank

o Bank of Greece

o The Federal Reserve System and the Bank of Japan

o Monetary Policy of the ECB and the FED

• Monetary Policy and the Central Bank

o The money supply

o Currency control

o Credibility and central banks

o Rules or discretion in monetary policy

• Demand and Money Supply

o Classic: Quantitative Theory

o Keynes: Liquidity Theory

o neo-Keynesian: Baumol-Tobin

o Friedman: Modern Theory of Money

o Empirical Testing

• Monetary and Fiscal Policy in the IS-LM

o Factors that move the IS

o Factors that move the LM

o Effectiveness of Monetary and Fiscal Policy

o Uncertainty in the IS / LM and objectives of Monetary Policy

o The IS-LM in the long run

• Aggregate Demand AD – Aggergate Supply AS – 10, 11, 13

• Money and Inflation – 7

o Monetarist Approach

o Fiscal Policy, Global Supply and Inflation

o The determinant of inflation

o Cost, Demand, Deficits

o Intervention or Neutrality

• Dilemma: Interventionist – Non Interventionist Policy

o Deflationary policy

o Neoclassical model

o Neo-Keynesian model

o Model Comparison

• Open Economy

o Exchange rates

o The theory of Purchasing Power Parity(PPP)

o Macro policy with fixed rates

o Macro policy with flexible rates

• Economic cycles and macroeconomic policy in an open economy

 

 

 

 

  • TEACHING and LEARNING METHODS – EVALUATION
DELIVERY
Face-to-face, Distance learning, etc.
  • Lectures

 

USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
Use of ICT in teaching, laboratory education, communication with students
•                     Eclass

 

TEACHING METHODS

The manner and methods of teaching are described in detail.

Lectures, seminars, laboratory practice, fieldwork, study and analysis of bibliography, tutorials, placements, clinical practice, art workshop, interactive teaching, educational visits, project, essay writing, artistic creativity, etc.

 

The student’s study hours for each learning activity are given as well as the hours of non-directed study according to the principles of the ECTS

Activity Semester workload
Lectures 50
Study 70
Assignments 30
 
 
 
Course total 150
STUDENT PERFORMANCE EVALUATION

Description of the evaluation procedure

 

Language of evaluation, methods of evaluation, summative or conclusive, multiple choice questionnaires, short-answer questions, open-ended questions, problem solving, written work, essay/report, oral examination, public presentation, laboratory work, clinical examination of patient, art interpretation, other

 

Specifically-defined evaluation criteria are given, and if and where they are accessible to students.

 

• Mid-term exams

• Exercises

• Quizzes

• Exams

 

 

 

 

 

 

 

 

 

 

 

  • ATTACHED BIBLIOGRAPHY
·         Gregory Mankiew, Macroeconomic Theory, Gutenberg Publishing.

 

 

Financial Analysis


  • GENERAL
SCHOOL Faculty of Social, Political and Economic Sciences
ACADEMIC UNIT Department of Economics
LEVEL OF STUDIES Undergraduate
COURSE CODE NK35 SEMESTER 3rd
COURSE TITLE Financial Analysis
INDEPENDENT TEACHING ACTIVITIES
if credits are awarded for separate components of the course, e.g. lectures, laboratory exercises, etc. If the credits are awarded for the whole of the course, give the weekly teaching hours and the total credits
WEEKLY TEACHING HOURS CREDITS
Lectures 4 6
 
 
Add rows if necessary. The organisation of teaching and the teaching methods used are described in detail at (d).
COURSE TYPE

general background,
special background, specialised general knowledge, skills development

Core (General Background)
PREREQUISITE COURSES:

 

LANGUAGE OF INSTRUCTION and EXAMINATIONS: Greek
IS THE COURSE OFFERED TO ERASMUS STUDENTS Yes
COURSE WEBSITE (URL) Course description available at e-class https://eclass.duth.gr/courses/KOM06185/

 

 

  • LEARNING OUTCOMES
Learning outcomes
The course learning outcomes, specific knowledge, skills and competences of an appropriate level, which the students will acquire with the successful completion of the course are described.

Consult Appendix A

·     Description of the level of learning outcomes for each qualifications cycle, according to the Qualifications Framework of the European Higher Education Area

·     Descriptors for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Appendix B

·     Guidelines for writing Learning Outcomes

 

After the end of the course students should be able to understand and calculate the present value and future value of a series of payments and make evaluation of investments. They should familiarize themselves with the concepts of capitalization (simple and complex) and be able to find the value (using the previous concepts) of bonds and shares. Also, understand the properties and the types of financial derivatives such as Forward Contracts, Futures Contracts, Swaps and Options as well as the positions an investor can have on them. Moreover, how they are used to achieve hedging, speculation and arbitrage. Finally, they should know the financial indicators and how they can be used to value a company.

 

General Competences
Taking into consideration the general competences that the degree-holder must acquire (as these appear in the Diploma Supplement and appear below), at which of the following does the course aim?
Search for, analysis and synthesis of data and information, with the use of the necessary technology

Adapting to new situations

Decision-making

Working independently

Team work

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

Project planning and management

Respect for difference and multiculturalism

Respect for the natural environment

Showing social, professional and ethical responsibility and sensitivity to gender issues

Criticism and self-criticism

Production of free, creative and inductive thinking

……

Others…

…….

 

·         Search for, analysis and synthesis of data and information, with the use of the necessary technology

·         Working independently

·         Production of free, creative and inductive thinking

 

  • SYLLABUS
 

The valuation of investments, the valuation of bonds, equity and derivatives as well as cash flows and financial indicators are the cornerstones of Financial Analysis. These items are encountered in the daily investment activity and thus provide the basis for understanding the financial environment. In this course the aforementioned notions are analyzed with emphasis on financial assets, which are simultaneously investment options for an investor but also financing means for an enterprise. As the valuation of financial assets is based on the concept of present value, the concepts of capitalization and annuities are reminded.

  • TEACHING and LEARNING METHODS – EVALUATION
DELIVERY
Face-to-face, Distance learning, etc.
·         Class lectures

·         Notes, slides, etc posted on e-class

USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
Use of ICT in teaching, laboratory education, communication with students
·         Support of the learning process via e-class

·         Use of internet

TEACHING METHODS

The manner and methods of teaching are described in detail.

Lectures, seminars, laboratory practice, fieldwork, study and analysis of bibliography, tutorials, placements, clinical practice, art workshop, interactive teaching, educational visits, project, essay writing, artistic creativity, etc.

 

The student’s study hours for each learning activity are given as well as the hours of non-directed study according to the principles of the ECTS

Activity Semester workload
Lectures 52
Study 104
Course total 156 (26 hours per Credit Unit)
STUDENT PERFORMANCE EVALUATION

Description of the evaluation procedure

 

Language of evaluation, methods of evaluation, summative or conclusive, multiple choice questionnaires, short-answer questions, open-ended questions, problem solving, written work, essay/report, oral examination, public presentation, laboratory work, clinical examination of patient, art interpretation, other

 

Specifically-defined evaluation criteria are given, and if and where they are accessible to students.

 

In class exam

·         Solution of exercises relevant to the quantitative part of the topics covered

·         Comparative assessment of the theoretical topics

 

 

 

 

 

 

 

 

 

 

 

 

  • ATTACHED BIBLIOGRAPHY
 

·         Διαχείριση χαρτοφυλακίου, Παπαδάμου Στέφανος Θ.

·         Χρηματοοικονομική ανάλυση επιχειρήσεων, Ξανθάκης Μανώλης, Αλεξάκης Χρήστος

·         Χρηματοοικονομικά Παράγωγα, Πουφινάς Θωμάς – Φλώρος Χρήστος

 

 

Cost Accounting


Outline of the course

1. Conceptual framework of managerial accounting and cost accounting

2. Sharing Expense Sheet

3. Categorization of the Cost (criteria)

4. Inventories evaluation

5. product cost, period cost, Cost of goods sold

6.Variable costing, absorption costing

7. Standard costing and deviations

8. Budgeting

9. Cost accounting (entries in the journal – Combination of the two categories accounts)

10. Cost Systems according to the characteristics of the production