Division I

Political Economy

Political economy is being taught at the University of Athens since its very inception in 1837, the first chair in the independent states

of SE Europe, as part of the Law School curriculum

Famous economists like Soutsos, Andreades, Varvaresos, Angelopoulos, Zolotas and Pesmazoglou taught “political economy” or “public economics” at the

University of Athens and played an active role in public affairs

Kyriakos Varvaresos (1884–1957)

Xenophon

Zolotas (1904–2004)

Ioannis Soutsos (1804 - 1890)

Andreas M. Andreades (1876 - 1935)

Angelos Angelopoulos

(1904-1995)

Ioannis S. Pesmazoglou (1918 - 2003)

After the creation of the Department of Economics as part of the Law School there were four chairs in Political Economy covering a wide variety of subjects. After the 1982 Law on Tertiary Education has been passed the chairs were abolished and the Department was divided into three Divisions (τομείς) with the Division of Political Economy being primus inter pares (Division I). The Division provides the core curriculum in economic theory for the Department and has as its objective to teach students to see the world from the viewpoint of an economist and to provide them with the mental furniture necessary to excel in academia or business.

The term “Political Economy” still stands for historical reasons and even though it has acquired new connotations, the resilience of the term is not coincidental. The Division and the Department believe that although students should obtain a mastery of modern mainstream neoclassical theory, alternative theoretical avenues should also be explored and we insist that students view economics as a social science. Hence we start with two introductory courses, one in Economic Analysis and one on Political Economy, whereas later on students will have the chance, if they choose so, to study History of Economic Thought (four courses are offered from Division I only, whereas Division V offers a course on the Foundation of Social Sciences). Courses on Marxist Political Economy and (Post)-Keynesian Economics are also offered by the Division. In the doctoral programme HET is mandatory whereas Marxist Political Economy and Post-Keynesian Economics are elective.

The curriculum

• Mandatory courses • Basic Choice Courses • Subject Unit Courses • Free Electives

No Code Course Semester

1 PEC101 Introduction to Political Economy 1

2 ECO101 Introduction to Economic Analysis 1

3 PEC102 Political Economy of Employment and Money 2

4 ECO201 Microeconomic Analysis of Production and Consumption 3

5 ECO211 Introduction to Macroeconomic Analysis 3

6 ECO202 Microeconomic Analysis of Markets and Social Welfare 4

7 ECO212 Macroeconomic Theory 4

8 ECO301 Advanced Economic Analysis 5

Mandatory Courses offered by Division I

Note that 8 out of 20 courses are provided by Division I

No Code Course Semester

1 ECO311 Industrial Economics I 5

2 ECO312 Economics of the Environment 6

3 ECO314 Macroeconomics of Growth 6

4 PEC311 Political Economy of Globalization 6

5 PEC312 Political Economy of Social Policy 5

6 ECO313 History of Economic Thought 6

Basic Choice Courses offered by Division I

Not currently offered

Code Course Semester

UNIT: Economic Theory & History

ECO411 Advanced Macroeconomics 5

ECO412 Game Theory 5

PEC411 Marxist Political Economy I 5

UNIT: Development & Economic Policy

ECO422 Economic Policy 5

UNIT: Quantitative Methods & Informatics

ECO412 Game Theory 5

UNIT: Applied Economics

ECO451 Industrial Economics II 6

ECO452 Labour Economics 6

ECO454 Applied Monetary Economics 6

Subject Unit Courses offered by Division I

Not currently offered

No. Code Course Semester

1 ECO461 Monetary Policy 7

2 PEC461 Classical Texts in Political Economy 8

3 PEC462 Marxist Political Economy II 8

4 ECO463 History of Economic Thought in Modern Greece 8

5 ECO464 Institutional Economics 8

6 ECO465 Network Economics and Economics of Information 8

7 ECO466 Law and Economics 7

8 ECO467 Economics of Education 7

9 ECO468 Topics in the History of Economic Thought 8

10 ECO469 Post-Keynesian Economics 7

11 ECO470 Macroeconomic Accounting 8

Free Electives provided by Division I

Not currently offered

The Division also provides two separate courses in Political Economy for the Law School and the Department of Mathematics of the University of Athens and two Erasmus courses [Labour Economics and History of Economic Thought] in English.

Teaching

• Teaching is done with traditional methods [whiteboard and board markers] and increasingly through the use of PowerPoint presentations.

• The Division has an important presence in the Dept.’s e-class. • Video recording of courses for upload in the e-class will start next semester

at an experimental basis

Textbooks

Greek translations of modern international textbooks are used …

…Some of which are edited by faculty members…

…While others are written by faculty members themselves,…

…Occasionally significantly enlarged editions of books that have been a success in the international market.

Faculty

Emeriti & Retired

Name Rank Subject Status

Panagiotis Pavlopoulos Professor Political Economy Ret.

George Economou Professor Political Economy Emeritus

George Krimpas Professor Political Economy Emeritus

Nikos Petralias Professor Political Economy Emeritus

Petros Gemtos Professor Political Economy Emeritus

Alexandros Panethimitakis Professor Macroeconomics Emeritus

Vassilis Droukopoulos Professor Industrial Economics

Emeritus (pending)

Division of Political Economy

Emeriti & Retired

Panagiotis Pavlopoulos has been appointed to one of the four chairs in Political Economy during the military dictatorship. He holds a BA from AUEB and a PhD from Manchester U. He has taught economic theory (micro & macro) and economic policy. He had served as an Acting Director of the Centre of Planning & Economic Research (KEPE) and Director General of the Institute for Economic & Industrial Research (IOBE).

Παναγιώτης

Παυλόπουλος

Professor of Political Economy (ret.)

George Economou was Professor of Political Economy with a MA from Manchester U and a PhD from the U of Athens. He taught Macroeconomics and he was a member of the Monetary Council of the Bank of Greece and economic advisor to the Greek government and Greek politicians.

Γεώργιος

Οικονόμου

Professor of Political Economy (Emeritus)

Born Athens 1936, attended Peiramatikon and Athens College, Fulbright Scholar at the University of Texas, Research student and fellow at the London School of Economics, Lecturer at the University of Glasgow, Lecturer and Reader at Brunel University, London, [where he got his PhD] Professor of Political Economy at the University of Athens, Chair of the Department of Economics, Dean of the Faculty of Law, Economics and Politics, Vice-Rector [Planning and Finance], presently Lecturer, UADPhilEcon. Founder member of the Alexandros Papanastassiou Club before the junta, ditto of Democratic Defence during the junta and after. Lately Ambassador to the Organization of Economic Cooperation and Development and first Chairman of the Centre for Progressive Policy Research, a left-of-centre Think Tank.

Γεώργος Η.

Κριμπάς

Professor of Political Economy (Emeritus)

Νίκος

Πετραλιάς

Κοινωνική θεωρία και πολιτική ευθύνη:

Συντροφικό αντιχάρισμα στον Νίκο Πετραλιά,

2008

Nikos Petralias studied electrical engineering in Boston and earned a PhD in economics from the U of Heidelberg under Carl Christian von Weizsäcker. A former rector of Panteion University, he joined the Department as Professor of Political Economy and served as its Deputy Head. He was the President of the Nicos Poulantzas Institute and he is currently the President of the Sakis Karagiorgas Foundation. In 2008 his friends, colleagues and students published a Festschrift in his honour.

Professor of Political Economy (Emeritus)

Petros A. Gemtos was born in Larissa in 1939. He studied law, economics, sociology and philosophy at U of Athens and Tübingen from where he holds two doctoral degrees in Law and in Economics. He became Professor of Political Economy in the Dept . He was Rector of the University of Athens, at a time where all three candidacies came from the Dept. He became President of the Launching Body of the University of Thessaly, General Secretary of the Ministry of Education and a founding member and head of the Philosophy and History of Science Department at the University of Athens where he taught Philosophy and History of the Social Sciences as a Professor . He retired as Emeritus from the Philosophy and History of Science Department. He is the author of 13 books and 200 articles and chapters in edited volumes on Law, Economics, Philosophy and Methodology of the Social Sciences and the Theory of Institutions.

Πέτρος Γέμτος

Professor of Political Economy (Emeritus)

Αλέξανδρος

Πανεθυμιτάκης

Born in 1942 Alexandros Panethimitakis holds a BA from the U of Piraeus and a PhD from Brunel. He had published five books and monographs on Industrial Policy, Import Substitution and Economic Development.

Professor of Macroeconomics (Emeritus)

Born in 1946 Vassilis Droucopoulos was Professor of Industrial Economics. He holds a BA from the Athens School of Economics and Business, an MA from the State University of New York and a PhD from the University of Edinburgh. He was successively Lecturer at Laurentian University, Ontario, Canada, at the University of Edinburgh and Professor at the Technical University of Crete. He was from 1998 a member of the Monetary Policy Council of the Bank of Greece after having served as Director General of the Centre of Planning and Economic Research (1994-1997). He has taught post- and undergraduate courses in Industrial Economics, Macroeconomics, International Business, Mathematics and Statistics and Political Economy, and supervised several Ph.D. dissertations and post-graduate theses. His research interests include areas of Industrial Economics and Political Economy on which he has published in English and Greek.

Βασίλης

Δρουκόπουλος

Professor of Industrial Economics (Retired soon to become Emeritus)

Name Rank Subject Status

Chortareas, Giorgos Professor Macroeconomic Theory and Policy on leave

Stournaras, Yannis Professor Economic Theory on leave

Varoufakis, Yanis Professor Economic Theory on leave

Argitis, Giorgos

Associate Professor

Macroeconomic Theory and Policy

Maniatis, Thanassis

Associate Professor Marxist Political Economy

Papandreou, Andreas

Associate Professor Economics of the Environment

Papapetrou, Evangelia

Associate Professor Labour Economics

Theocarakis, Nicholas

Associate Professor

Political Economy with special reference to the History of Economic Thought Director

Athanassiou, Emmanuel

Assistant Professor

Economic Theory with special reference to Microeconomic Theory on leave

Haritakis, Nikolaos

Assistant Professor Political Economy

Kaplanoglou, Georgia

Assistant Professor

Economic Theory with special reference to Social Policy

Kountouris, Manos Lecturer

Political Economy with special reference to the History of Economic Thought

Ioakimidi, Marilou ED Economics of Education

Magoula, Hara ED Teaching of Economics

Thanopoulos, Thanos ED Microeconomics, Game Theory

Division of Political Economy The staff

Professors

George Chortareas teaches Introduction to Macroeconomics, Macroeconomic Theory, Applied Monetary Economics, Advanced Topics in Economics [UG] and Advanced Macroeconomics and Monetary Theory and Policy {UAD]. He has served as a Reader in International Finance at the U of Essex Business School and a Research Economist of the International Economic Analysis Division of the Bank of England. He was a Post-Doctoral Fellow at Harvard U and a visiting scholar at Columbia U, FRB of New York, ECB, etc. He is the author/co-author of 53 articles that have appeared in Economic Journal, Manchester School, Economic Letters, Economic Record, Journal of Banking and Finance, Metroeconomica, Review of International Economics, Journal of Post Keynesian Economics, and Cambridge Journal of Economics among others. He is a referee for 40 journals incl. AER and EJ and Guest Editor for two Journals. He is a member of the Money Macro Finance Research Group Committee, an Executive Board member of the European Public Choice Society, President of the European Economics and Finance Society, a Research Associate of the Centre for Economics and Public Policy, U of Cambridge and a Fellow of the Euro Area Business Cycle Network.

Γιώργος

Χορταρέας

Professor of Macroeconomic Theory and Policy

BA Aristotle U of Thessaloniki MPhil U of Glasgow MA & PhD U of Connecticut

53 articles 12 Bk ch 1130 citations

Γιάννης

Στουρνάρας

Professor of Economic Theory (On leave)

BA, Econ. U of Athens MPhil & DPhil Econ. Oxford U

Currently on leave from the Department serving as Minister of Finance of Greece since 2012, Yannis Stournaras has taught Macro-economics and Economic Policy [UG and UAD]. He held numerous scholarships during his studies. A former Research Fellow and Lecturer in Energy Economics at Oxford U, he became a special advisor to the Ministry of Finance and the Bank of Greece. He became Head of the CEA of the Ministry of Finance, a member of the Monetary Committee of the EC, Chairman and CEO of the Emporiki Bank and Director General of the IOBE [Institute for Economic & Industrial Research]. He served as a trustee of the Gennadius Library. He has published numerous articles in refereed journals incl. Oxford Economic Papers, Journal of Banking and Finance, Economic Letters and Greek Economic Review. He had published many contributions in edited volumes and he had penned many economic memoranda in his official capacity. His research interests include the theory of economic policy, public economics, the dynamics of public debt, the economics of banks, energy economics and the economics of EMU.

3 books 21 articles 14 bk ch 68 citations

Γιάνης

Βαρουφάκης

Professor of Economic Theory [On leave]

BA(Hon) Math. Econ. U of Essex MSc Math. Stat. U of Birmingham PhD Econ. U of Essex

15 books 39 articles 19 Bk ch 1100 citations

Yanis Varoufakis is currently Visiting Professor at Lyndon B. Johnson Graduate School of Public Affairs, University of Texas, Austin. He is a Hoover Fellow in Economic and Social Ethics, Université Catholique de Louvain, Belgium. He taught at the U of E. Anglia, U of Cambridge and U of Sydney before coming to the Dept. He was the founding director of the UADPhilEcon programme, a former director of the Division of Political Economy and a director of the Poverty Monitoring Research Unit. He has published 10 books in English (two as editor) and 5 books in Greek. Some of his books have been translated into German, Spanish, Italian, Japanese, Czech and Mandarin Chinese. He has published 19 chapters in books and 39 articles in scientific journals incl. Economic Journal, Économie Appliquée, Erkenntniss, Science & Society, RISEC, Monthly Review and Journal of Economic Methodology. In our Dept. he taught Political Economy, Microeconomics, Game Theory and Economics as a Social Science [UG & UAD]. He has produced with Stuart Holland [and later with James Galbraith] “A Modest Proposal for Overcoming the Euro Crisis”. He is an avid blogger and a frequent commentator on economic affairs. His research areas include political economy, game theory and its links with economic and political philosophy, experimental social sciences, industrial relations and models of wage inflation in Britain and Australia, statistical theory and method, commodity prices and economic education

http://yanisvaroufakis.eu/

Associate Professors

Giorgos Argitis is Associate Professor of Macroeconomics. He teaches Macroeconomics, Post-Keynesian Economics, and International Political Economy [UG & UAD]. His research interests include Post Keynesian – Minskyan macroeconomic/monetary theory and policy, and old-institutionalist/evolutionary theory. He has published four books about the Greek economy and is the author/co-author of academic papers that have appeared in the Journal of Post Keynesian Economics, Cambridge Journal of Economics, Review of Political Economy, Contributions to Political Economy, and European Journal of Economics and Economic Policies, among others. He is Research Associate at the Levy Economics Institute of Bard College and the INE-GSEE

Γιώργος

Αργείτης

Associate Professor of Macroeconomic Theory and Policy

BA, Econ. U of Athens MSc , Econ. Birkbeck U of London PhD, Econ. U of Cambridge

4 books 21 articles 10 Bk ch 94 citations

Thanassis Maniatis teaches Introduction to Economic Analysis and Marxist Political Economy [UG] and Marxist Political Economy [UADPhilEcon]. He has served as a Adjunct Assistant Professor at Long Island University and at the New School. He has worked as a Researcher at the Centre of Planning and Economic Research. He is the author / co-author of articles in the Cambridge Journal of Economics, Review of Radical Political Economics, Capital & Class, Review of Political Economy and International Review of Applied Economics among others. He is a member of the Union of Radical Political Economy. His research interests include Marxist Political Economy, History of Economic Thought, Macroeconomic Theory, Public Finance, Income Distribution and Social Policy. He has been awarded the Adolf Lowe Dissertation Fellowship for outstanding performance at the Department of Economics, Graduate Faculty, New School for Social Research and the Edith Henry Johnson Memorial Award for the best doctoral dissertation in Economics, Civic Affairs and Education, New School for Social Research.

Θανάσης

Μανιάτης

Associate Professor of Marxist Political Economy

BA AEUB PhD New School for Social Research, New York

1 book 11 articles 13 Bk ch 115 citations

Ανδρέας Α.

Παπανδρέου Associate Professor of Environmental Economics

B.Sc. Econ.

Queen Mary, U of London M.Sc. Econ., LSE Fellow, Harvard U D.Phil., Oxford U

Andreas A. Papandreou teaches Microeconomics, Advanced Economic Theory, Environmental and Natural Resource Economics [UG & UAD]. His PhD under A.K. Sen in Oxford which led to the book Externality and Institutions (1994) had 5 reviews and more than 150 citations. He has taught at UCL, F&M College, and at the University of Macedonia. He was recently visiting researcher at UCL and Harvard. He has published articles in international journals incl. Economics and Philosophy and International Environmental Agreements. His research interests include Environmental and Natural Resource Economics, Climate Economics, Microeconomics, Welfare Economics, Law and Economics, Institutional Economics, International Political Economy, Economics and Ethics

2 books 6 articles 10 bk ch 8 wp 165 citations

Evangelia Papapetrou teaches Labour Economics, Macroeconomic Theory and Advanced Economic Analysis {UG] and Labour Economics and Macroeconomic Theory at the Dept.’s MSc and UADPhilEcon. She is a research associate at the Bank of Greece. She has been the author / co-author of many articles in international journals including Economics, Bulletin, Public Choice, Journal of Population Economics, RISEC (International Review of Economics), and Journal of Economic Studies among others. She has published in edited volumes, authored many working papers and contributes to the Bulletin of the Bank of Greece. She is a referee in 17 journals including the Journal of Macro-economics and The Manchester School. Her research interests include the labour market, male-female wage differentials, and the economic analysis of the Greek and international economy.

Ευαγγελία

Παπαπέτρου

Associate Professor of Labour Economics

BA Econ. U of Athens MA & PhD Clark University, Massachusetts

39 articles 9 Bk ch 1270 citations

Nicholas J. Theocarakis teaches Introduction to Economic Analysis [UG], History of Economic Thought [UG & UAD], Economic Growth [UG & UAD] and Classical Texts in Political Economy [UG]. He has published four books (two with Yanis Varoufakis and one edited volume) and a monograph for IOBE and he is the author/co-author of academic papers that have appeared in the Adam Smith Review, History of Economic Ideas, International Review of Economics and the Economic and Labour Relations Review and in edited volumes. He is Director of the Division of Political Economy, a member of the UADPhilEcon Committee, a Faculty Rep at the Committee of Research Programmes of the UoA and President of the Scientific Society of Political Economy [ΕΕΠΟ]. He is at the advisory/editorial board of 4 scientific journals incl the History of Political Economy [HOPE], The European Journal of the History of Economic Thought and referee in 7 journals in HET and political economy. He had participated in and organized many conferences mostly in HET. He is a trustee of the Gennadius Library. His research interests include political economy, history of economic thought, especially ancient and modern Greek economic thought, and labour economics. He held the 1st honorary IKY scholarship during his 4 years of study at the Dept.

Νίκος

Θεοχαράκης

Associate Professor of Political Economy and History of Economic Thought

BA, Econ. U of Athens MPhil & PhD Econ. U of Cambridge

4 books 9 articles 7 Bk ch 33 citations

Assistant Professors

Μανόλης

Αθανασίου Assistant Professor of Microeconomics

License es Sciences Économiques U de Genève

MA Econ. Indiana U

PhD Econ. U of Athens

Emmanuel Athanassiou teaches Microeconomics [UG, MSc & UAD] and Economics of Networks and Information [UG]. His research focuses mainly on defence economics and he has published in international journals incl. Defence and Peace Economics and Journal of Inter-national Financial Markets, Institutions and Money.

7 articles 3 bk ch 39 citations

Νίκος Χαριτάκης

Assistant Professor of Political Economy

BA Econ. U of Athens MA & PhD Econ. Clark University

Nikolaos Haritakis teaches Microeconomics and Industrial Economics [UG]. He was until recently CEO and VC of the New Enterprises Development Fund (TANEO). A former member of the Hellenic Competition Commission, he has served as the Secretary General on Privatization of the Ministry of Industry Energy and Technology, as the CEO of the Greek Tourism Development S.A. and as an advisor to many private companies. He has written on privatization and the Greek economy. His research interests include Contract Theory and Law & Economics.

Georgia Kaplanoglou teaches Public Finance, Microeconomics and Social Policy [UG] and Advanced Microeconomics and Topics in Economic Inequality [PG]. She is the author/co-author of academic papers that have appeared in Fiscal Studies, International Tax and Public Finance, Review of Political Economy, and Public Finance Review among others. She has adapted with V. Rapanos for the Greek economy H. Rosen & T. Gayer’s book Public economy. She has published a monograph for KEPE with D.M. Newbury. She has worked in the Economic Research Department in the Bank of Greece (Head of European Union Public Finance Section and Deputy Head of Public Budget Section, Public Finance Division). She has received numerous scholarships incl. a Marie Curie fellowship and an IKY scholarship.

Γεωργία

Καπλάνογλου

Assistant Professor of Economic Theory and Social Policy

BA AUEB MPhil and PhD U of Cambridge

1 book 8 articles 5 Bk ch 98 citations

Lecturers

Manos Kountouris teaches Political Economy, History of Modern Greek Economic Thought and Classical Texts in Political Economy. His doctoral dissertation The evolution of economic thought in Greece 1837-1942 is to appear in book form in 2015. His research areas include the History of Economic Thought in Modern Greece and Political Economy. He has participated in the Conferences of the Greek Historians of Economic Thought.

Μάνος

Κουντούρης

Lecturer of Political Economy and History of Economic Thought

BA and PhD, Econ. U of Athens

Adjunct Lecturers

An Assistant Professor at the U of Peloponnese Marylou Ioakimidis teaches Economics of Education. She holds a BA and a PhD in Economics from the University of Piraeus and a MA in Industrial Relations and Organizational Behavior from the U of Warwick Business School. She has published extensively in peer reviewed journals where she serves as a referee.

Thanos Thanopoulos holds a BA from our Dept, 2 DEAs from Toulouse and a PhD from Pittsburgh U. He has published in journals such as the Journal of Public Economics, European Economy and the Journal of Economic Dynamics and Control. He has served as a referee for the American Economic Review, Journal of Economic Dynamics and Control, International Tax and Public Finance, Journal of Public Economic Theory, and the Journal of Mathematical Economics. He currently works in the CEA of the Ministry of Finance.

Theocharoula Magoula works as an Advisor A in the Ministry of Education. She holds a BA from the U of Piraeus and a MSc and a PhD from AUEB. She has written three textbooks on economic theory and several textbooks on the teaching of economics and she has supervised many high school textbooks for OEDB. She has published a paper with G. Psacharopoulos in Applied Economics and many papers in conference proceedings and refereed Greek scientific journals.

Θάνος Θανόπουλος Microeconomics [UG & MSc] Game Theory [UG]

Μαριλού

Ιωακειμίδου

Economics of Education [UG]

Θεοχαρούλα

Μαγουλά

Teaching of Economics [UG] Macroeconomics [UG]

The Division has produced in total 30 books 214 scientific articles in peer reviewed journals 104 chapters in edited volumes and it has 4000+ citations [according to Google Scholar]

Six out of twelve members of the Division have a first degree from the Dept. Their PhDs have as follows 3 from Cambridge 2 from Oxford 2 from Clark 2 from the Dept. 1 from Essex 1 from New School 1 from Connecticut