COURSE DESCRIPTION

ECONOMICS I
Th. Gamaletsos,E. Valma

Elasticities:
The price elasticity of demand. The income elasticity of demand. The cross – elasticity of demand. The supply elasticity.
Theory of Consumer Behaviour
The cardinal utility theory.
The indifference curves theory.
The revealed preference hypothesis.
Normal, inferior and Giffen goods.
Derivation of the demand curve.
Engel curves.
The substitution and income effect.
Theory of Production
The production function.
Productive curves.
Isoquants, Returns of scale, Product lines.
Elasticity of substitution.
Constrained output maximization.
Constrained cost minimization.
Profit maximization.
Homogeneous production function.
Euler’s theorem and distribution.
Cobb Douglas production function.
Theory of Costs
Short run costs.
Long run costs.
The analysis of economics of scale.

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MATHEMATICS
E. Foundas

Combinatorial Analysis, Vectoral Calculus, Sequences, Series, Analytical Geometry (line, curves on a plane), Planes, One – Variable Functions, Factorisation, Function Optimisation, Integrals (indefinite – definite – improper integrals), Two – Variable Functions, Function Optimisation, Differential Equations, Difference Equations.

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GENERAL ACCOUNTING
Ch. Naoum

Meaning and purposes of Accounting. Accounting of financial statements. Accounting entries. Balances. Fundamental accounting principles. Assessment of fixed assets, stock, bills receivable, securities and personnel expenses. Main categories of accounts. Accounting errors. Inventory. Adjusting entries. Results entries. Accounting systems.

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SHIP TECHNOLOGY I
E. Tzannatos

Classification of Vessels. Vessel terminology and nomenclature. Design of vessels: Criteria and Options. Vessel features: design, building and functional features. Vessel systems and equipment.

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ECONOMIC HISTORY OF INTERNATIONAL SHIPPING
A. Harlaftis

The purpose of this course, which is based on economic history theory and analysis, is to examine the evolution of the international mercantile marine within the context of the course of modern capitalism from the 16 th to the 20 th century. It includes not only what involves carriage by sea, i.e. merchant ships, cargoes, navigation, administration, ship ownership, crews, freight market, insurance and financing, but also the impact of sea trade on the land through a wider perspective.

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INTRODUCTION TO MARITIME ECONOMICS
G. Vlachos – A. Pardali – E. Valma
Course outline

The objective of Maritime Economics. The importance of sea transportations and international trade.
Cargo classification.
Discrimination of merchant fleet.
Basic Units of measurement.
Shipping companies and basic shipping Markets.
Tramp shipping and Liner shipping.
The kinds of chartering.
Ship registration parallel or dual registration.
Flag of convenience.
Registers of shipping.
The internalization in the maritime sector.

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ENGLISH I
F. Sivridou

Simple texts through which the students can achieve a familliarisation with reading, filling in and drawing up memos, timetables, catalogues, report cards, telexes, registers, application forms, loan/job applications, interviews, holiday advertisements. English grammar/syntax analysis includes the fundamental structures (sush as present, past and future tenses, hypothetical speech, indirect questions etc.). Introduction to the translation of simple sentences from Greek to English.

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