Ι. Courses

The courses in the Ph.D. program are taught during two academic years (four semesters). Students may enrol either in the first or second year, depending on their academic background, as assessed by the Graduate Studies Committee.

The courses during the first year (first two semesters) consist of Microeconomics, Macroeconomics, Econometrics and Mathematics as taught in their respective semesters of the MSc Program in Economic Theory.

In the third semester PhD students are required to attend and be examined on three compulsory courses, which are “Advanced Topics in Microeconomics”, “Advanced Topics in Macroeconomics” and “Advanced Topics in Econometrics”.

During the 4th semester of the PhD Program students must choose one elective course of the MSc in Economic Theory, which they have not attended in the past, with added requirements like tests/homeworks/paper according to the tutor’s instructions. At the same time, they have to attend research seminars organized by the department. Finally they need to submit a research paper supervised by a faculty member on a subject of their choice until 30 June.

1st YEAR
1st Semester 2nd Semester
(MSc in Economic Theory, Fall Semester) (MSc in Economic Theory, Spring Semester)
1. Microeconomics I 1. Microeconomics II
2. Microeconomics I 2. Microeconomics II
3. Econometrics Ι 3. Econometrics ΙI
4. Mathematics Ι 4. Mathematics ΙI
2nd YEAR
3rd Semester  4th Semester
1. Advanced Topics in Microeconomics 1. One elective course
2. Advanced Topics in Macroeconomics 2. Research seminars
3. Advanced Topics in Econometrics 3. Research Paper submission on subject of their choice


IΙ. Exams

PhD students who successfully pass all their first year courses with an average equal to or greater than seven (7) automatically enrol in the second year. All other cases are examined on an individual basis by the Graduate Studies Committee of the Department.

To successfully complete the second year  a PhD student will have to achieve in each course a grade equal to or greater than five (5) and obtain an average equal to or greater than six and a half (6,5). Each PhD student is entitled to retake the exams of one course. The research paper submitted by the students in the fourth semester is evaluated on pass/fail basis.

IΙΙ. PhD Thesis

After successful completion of the course and research paper requirements, PhD students must submit their “PhD Thesis Proposal” to the General Assembly of Special Composition of the Department. After the “Proposal” is approved by the General Assembly of Special Composition and a supervisor and a three-member advisory committee (that includes the supervisor) is designated for each student, PhD students, now called PhD Candidates, start preparing their PhD Thesis for a period up to six (6) years. When the three-member committee considers that the Thesis has been completed, it gives its approval for the submission and final assessment to a seven-member examining committee. The Thesis is assessed as “adequate” or “poor.”

IV. PhD Diploma Award

After evaluation of the Thesis as “adequate”, the PhD candidate is awarded a “Ph.D. in Economics” degree and is proclaimed as Doctor of the Economics Department of the Athens University of Economics and Business.