On this page you will find useful information regarding the Degree in Economics. More information is available in the Undergraduate Prospectus. 

 
 Structure and Requirements

 

In order to graduate with a Degree in in Economics students must complete at least 240 ECTS. The Economics program is flexible and allows students to either pursue general studies in economics or to specialize by choosing either a major or another minor. Specifically, students have the following options:

  1. General Curriculum
  2. Specialization in Economic Theory and Econometrics (ETE)
  3. Specialization in International, European and Economic Studies (IEES)
  4. General Curriculum with a Minor in a different field

All options above result in a Degree in Economics.

The breakdown of credit units (ECTS) of the program for each specialization is shown in the table below:

 
General
Curriculum
Specialization
ETE
Specialization
IEES
General +
Minor
Compulsory Courses        
Economics Department 89 95 89 89
Other Departments 39 39 39 39
Restricted Elective Courses        
Economics Department 66 60 42 42
Economics or other Departments 24-26 24-26    
Other Departments     50 48-50
Unrestricted Electives 20-22 20-22 20 20-22
Total 240  240 240 240
Minimum ECTS from ECO 155 155 131 131

The first three semesters of study are common to all students. In the fourth semester two groups of microeconomic, macroeconomic and econometric courses are offered: ECO 261/262/263 for students who choose the ETE specialization and ECO 251/252/253 will for all other students. Students who choose the IEES or Minor will be able to start choosing electives in the fourth semester.

Requirements for each specialization are presented in detail below.

 

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  General Curriculum
 
To graduate in Economics students must complete at least 240* ECTS. In addition, the following requirements must be fulfilled:
  1. At least 155 ECTS must be in the Department of Economics (courses with code ECO) and concern compulsory ECO courses (89 ECTS) and restricted elective ECO courses (11 courses x 6 ECTS = 66 ECTS).
  1. At least 24 ECTS can be either from the Department of Economics or from the list of restricted elective courses from other departments
  1. At least 20 ECTS must be elective courses taken from at least three different faculties of the University. Students are entitled to attend Sport courses up to 6 ECTS.
  1. 24 ECTS must be come from courses MAS001, MAS061, CS003 and CS032, which students attend during the first year of studies.
  1. 15 ECTS must be from the English Language courses (LAN 100, LAN 101, LAN 209).

* The sum of the minimum ECTS of requirements 1-5 is 238 ECTS. Therefore, one more course would have to be taken from requirements 1-3 in order to complete at least 240 ECTS that are required for the degree.

Academic Program per Semester for the  General Curriculum
 
1st YEAR
1st Semester ECTS
ECO 111 Principles of Microeconomics      7
ΜΑS 001 Mathematics I  6
ΜΑS 061 Statistical Analysis 6
CS 003 Computer Science and Information Systems 6
LAN 100 General Advanced English 5
2nd Semester
ECO 121 Principles of Macroeconomics 7
ECO 112 Application of Quantitative Methods in Economics (MAS 061) 7
ECO 113 Mathematics for Economists I (MAS 001) 7
LAN 101 Academic English 5
CS 032 Introduction to Computer Science & Information Systems 6
2nd YEAR
3rd Semester
ECO 211 Microeconomic Theory (ECO 111) 7
ECO 221 Macroeconomic Theory (ECO 121) 7
ECO 222 Introduction to Econometrics (ECO 112) 7
ECO 223 Mathematics for Economists II (ECO 113) 7
4th Semester
ECO 251 Topics in Microeconomics (ECO 211) 7
ECO 252 Topics in Macroeconomics (ECO 221) 7
ECO 253 Econometric Methods (ECO 222) 7
LAN 209 Advance English for Global Communications 5
1 elective course 5
3rd YEAR
5th Semester
4 restricted elective courses (4 x 6 ECTS) 24
1 elective course 6
6th Semester
4 restricted elective courses (4 x 6 ECTS) 24
1 elective course 6
4th YEAR
7th Semester
ECO 397 Research Methods in Applied Economics I (ECO211, ECO212, ECO221) 6
4 restricted elective courses (4 x 6 ECTS) 24
8th semester
ECO 497 Research Methods in Applied Economics II (ECO497) 6
3 restricted elective courses (3 x 6 ECTS) 18
1 elective course 5
Note: Courses in brackets are prerequisites
 
 
 Specialization in Economic Theory and Econometrics (ETE)
 
To graduate in Economics students must complete at least 240* ECTS. In addition, the following requirements must be fulfilled:
  1. At least 155 ECTS must be in the Department of Economics (courses with code ECO) and concern compulsory ECO courses (95 ECTS) and restricted elective ECO courses (10 courses X 6 ECTS= 60 ECTS).
  1. At least 12 ECTS must be from the list of Mathematics and Statistics Department courses or an ECO course with code 5XX (ECO501, ECO502, ECO503, ECO551, ECO 552, ECO553).
  1. At least 12 ECTS can be either from the Department of Economics or from the list of restricted elective courses from AFN/BPA/MAS departments
  1. At least 20 ECTS must be elective courses taken from at least three different faculties of the University. Students are entitled to attend Sport courses up to 6 ECTS.
  1. 24 ECTS must be come from courses MAS 001, MAS 061 and CS 003, CS032 which students attend during the first year of studies.
  1. 15 ECTS must be from the English Language courses (LAN 100, LAN 101, LAN 209).

* The sum of the minimum ECTS of requirements 1-6 is 238 ECTS. Therefore, one more course would have to be taken from requirements 1-4 in order to complete at least 240 ECTS that are required for the degree.

Academic Program per Semester for the ETE Specialization
 
1st YEAR
1st Semester ECTS
ECO 111 Principles of Microeconomics      7
ΜΑS 001 Mathematics I  6
ΜΑS 061 Statistical Analysis 6
CS 003 Computer Science and Information Systems 6
LAN 100 General Advanced English 5
2nd Semester
ECO 121 Principles of Macroeconomics 7
ECO 112 Application of Quantitative Methods in Economics (MAS 061) 7
ECO 113 Mathematics for Economists I (MAS 001) 7
LAN 101 Academic English 5
CS 032 Introduction to Computer Science & Information Systems 6
2nd YEAR
3rd Semester
ECO 211 Microeconomic Theory (ECO 111) 7
ECO 221 Macroeconomic Theory (ECO 121) 7
ECO 222 Introduction to Econometrics (ECO 112) 7
ECO 223 Mathematics for Economists II (ECO 113) 7
4th Semester
ECO 261 Advanced Microeconomics (ECO 211) 7
ECO 262 Advanced Macroeconomics (ECO 221) 7
ECO 263 Advanced Econometrics (ECO 222) 7
LAN 209 Advanced English for Global Communications 5
1 elective course 5
3rd YEAR
5th Semester
ECO 415 Game Theory (ECO251 or ECO261) 7
3 restricted elective courses (3 x 6 ECTS) 18
1 elective course 6
6th Semester
4 restricted elective courses (4 x 6 ECTS) 24
1 elective course 6
4th YEAR 
7th Semester 
ECO 397 Research Methods in Applied Economics I (ECO211, ECO212, ECO221) 6
4 restricted elective courses (4 x 6 ECTS) 24
8th Semester 
ECO 497 Research Methods in Applied Economics II (ECO397) 6
3 restricted elective courses (3 x 6 ECTS) 18
1 elective course 5
Note: Courses in brackets are prerequisites 
 

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 Specialization in International, European and Economic Studies (IEES)
 

To graduate with a degree in International, European and Economic Studies, students must complete at least 240* ECTS. In addition, the following requirements must be fulfilled:

  1. At least 131 ECTS must be from the Department of Economics (course codes ECO) from which 89 ECTS refer to compulsory courses and restricted elective ECO courses (7 courses X 6 ects = 42 ects). At least 4 courses of the 7 courses must be chosen from the below list.
  1. At least 20 ECTS as free electives. These courses have to be taken in at least three different Schools of the University. Students are entitled to attend Sport courses up to 6 ECTS.
  1. At least 6 ECTS must be from a list of specific courses from the Department of Social and Political Sciences (course codes SPS).
  1. At least 6 ECTS must be from a list of specific courses from the Department of Law (course codes LAW).
  1. At least 5 ECTS must be from a Student Affairs and Welfare Services
  1. At least 18 ECTS must be from the Departments AFN/BPA/HIS/LAW/SPS. From the Department of Accounting and Finance (course codes AFN) and from the Department of Business and Public Administration (course codes BPA), students can choose any courses. From the Departments HIS, LAW and SPS students can choose courses Student Affairs and Welfare Services
  1. At least 15 ECTS from English Language courses.
  1. At least 15 ECTS from courses of another foreign language (3 levels required).
  1. 24 ECTS must be come from courses MAS 001, MAS 061 and CS 003, CS032 which students attend during the first year of studies.
* If the sum of the minimum ECTS of the above requirements is less than 240 ECTS, one more course should be taken from requirements 1-6 in order to complete at least 240 ECTS that are required for the degree.
 
Academic Program per Semester for the IEES Specialization
 
1st YEAR
1st Semester ECTS
ECO 111 Principles of Microeconomics      7
ΜΑS 001 Mathematics I  6
ΜΑS 061 Statistical Analysis 6
CS 003 Computer Science and Information Systems 6
LAN 100 General Advanced English 5
2nd Semester
ECO 121 Principles of Macroeconomics 7
ECO 112 Application of Quantitative Methods in Economics (MAS 061) 7
ECO 113 Mathematics for Economists I (MAS 001) 7
LAN 101 Academic English 5
CS 032 Introduction to Computer Science & Information Systems 6
2nd YEAR
3rd Semester
ECO 211 Microeconomic Theory (ECO 111) 7
ECO 221 Macroeconomic Theory (ECO 121) 7
ECO 222 Introduction to Econometrics (ECO 112) 7
ECO 223 Mathematics for Economists II (ECO 113) 7
4th Semester
ECO 251 Topics in Microeconomics (ECO 211) 7
ECO 252 Topics in Macroeconomics (ECO 221) 7
ECO 253 Econometric Methods (ECO 222) 7
LAN 209 Advance English for Global Communications 5
1 elective course 5
3rd YEAR
5th Semester
4 restricted elective courses (4 x 6 ECTS) 24
1 elective course 6
6th Semester
2 restricted elective courses (2 x 6 ECTS) 12
1 restricted elective course 7
1 elective course 6
LAN Language - 1st level 5
4th YEAR 
7th Semester 
ECO 397 Research Methods in Applied Economics I (ECO211, ECO212, ECO221) 6
2 restricted elective courses (2 x 6 ECTS) 12
1 restricted elective course 7
LAN Language - 2nd level 5
8th Semester 
ECO 497 Research Methods in Applied Economics II (ECO397) 6
2 restricted elective courses (2 x 6 ECTS) 12
1 elective course 5
LAN Language - 3rd level 5
Note: Courses in brackets are prerequisites 
 

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 General Curriculum with a Minor Degree from a different department
 

The department of Economics allows its students to acquire a Minor Degree in a different field of studies. The choice is up tho the student. Students that take this path are required to complete  a total of 90 ECTS in restricted elective courses as follows:

In order to complete the 60 ECTS required for a Minor degree, students should take 12 ECTS from their free electives in courses for the Minor.

The structure and requirements for a Minor degree are determined by the respective Department offering the degree, which is also responsible for admitting a student in to said programme. Available positions for each academic year are published by the Student Affairs and Welfare Services during Spring semester of the preceding year. 

Indicatively, some of the Minor degree programmes offered in the past have been in the following fields: English Studies, French Studies, Mathematics, Computer Science, Physics, Chemistry, Sociology, Political Science, Psychology, Management, Accounting, Electrical Engineering, Computer Engineering, Biomedical Engineering, Byzantine and Contemprary Greek Philology, Archaeology, History, Classical Philology and Philosophy. 

More information on available programmes can be found on the website of the relevant Department.

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 Lists of restricted elective courses
 
Lists of restricted elective courses of the Department of Economics
CODE Course Name ECTS
ECO 305 International Trade (ECO 211) 6
ECO 306 International Finance (ECO 221) 6
ECO 308 Economic Development (ECO 221) 6
ECO 309 Economic Growth (ECO 221) 6
ECO 310 Money, Banking and Financial Markets (ECO 221) 6
ECO 311 Labour Economics (ECO 211) 6
ECO 312 Industrial Organisation (ECO 211) 6
ECO 313 Public Economics (ECO 211) 6
ECO 315 International Taxation and National Tax Policy (ECO 211) 6
ECO 316 Economics of the European Union (ECO 111) 6
ECO 317 Topics in European Economics Integration (ECO 221) 6
ECO 320 History of Economic Thought 6
ECO 324 Introduction to Political Economy and Public Policy (ECO 211) 6
ECO 327 Environmental Economics (ECO 211) 6
ECO 331 Productivity and Technology (ECO 211) 6
ECO 355 Topics in International Economics (ECO 211) 6
ECO 362 Structure and Strategy of Firms (ECO 312) 6
ECO 363 Regulation Theory and Policy (ECO 211) 6
ECO 370 Topics in Financial and Monetary Economics (ECO 111, ECO 221) 6
ECO 391 Placement in Organizations I   6
ECO 392 Placement in Organizations II 6
ECO 398 Topics on the Cyprus Economy (ECO 211, ECO 221) 6
ECO 473 Applied Econometrics (ECO253 or ECO263) 6
Note: The courses in brackets are prerequisites
 
 
 
Lists of restricted elective courses offered by other departments
- Students can select any elective courses offered from Accounting and Finance Department (AFN) and Business and Public Administration Department (BPA). Certain courses have prerequisites.
- The following courses from the Department of Mathematics and Statistics:
CODE Course Name ECTS
MAS 007 History of Mathematics 5
MAS 101 Calculus I 8
MAS 102 Calculus II 8
MAS 121 Linear Algebra I 8
MAS 131 Basic Mathematics 7
MAS 261 Probability I (MAS 101, MAS 102) 7
MAS 262 Statistics I 7
MAS 271 Numerical Analysis I 7
Note:    Courses in brackets are prerequisites

Also note the following:

  1. Elective courses in the Economics Department may not be offered when there is not sufficient demand or the required teaching staff.

  2. Restricted elective courses include all courses offered by the Department and selected courses from other departments of the University.
    Unrestricted elective courses can be any course offered by any other department of the University but must come from three different faculties.
    Students can choose their restricted or unrestricted electives in any semester based on their schedule
    Courses can take more ECTS than listed in the examples above provided the total credit load does not exceed the permitted limits per semester.

  3. Fourth year students can take up to two of the six postgraduate courses listed below, given that their grade point average is at least 7.5.
    • ECO 501 Microeconomic Analysis Ι (7,5 ECTS)
    • ECO 502 Macroeconomic Analysis Ι (7,5 ECTS)
    • ECO 503 Statistics and Econometrics Ι (7,5 ECTS)
    • ECO 551 Microeconomic Analysis ΙΙ (7,5 ECTS)
    • ECO 552 Macroeconomic Analysis ΙΙ (7,5 ECTS)
    • ECO 553 Statistics and Econometrics ΙΙ (7,5 ECTS)
 
Lists of restricted elective courses for IEES Specialization
At least 16 restricted electives (92 ECTS) are required
 - 7 courses (42 ECTS) must be ECO restricted electives. At least 4 of them must be chosen from the following list:
 Department of Economics
CODE Course Name ECTS
ECO 305 International Trade (ECO 211) 6
ECO 306 International Finance (ECO 221) 6
ECO 315 International Taxation and National Tax Policy (ECO 211) 6
ECO 316 Economics of the European Union (ECO 111) 6
ECO 317 Topics in European Economics Integration (ECO 221) 6
ECO 320 History of Economic Thought 6
 Note:    Courses in brackets are prerequisites
 - One course (5 ECTS) from HIS Department from the list below:
 Department of History and Archaeology (HIS):
CODE Course Name ECTS
HIS 181 Introduction to European History (1789-1918) 5
HIS 281 European Diplomatic History, 20th century 5
HIS 283 European History 1945-1989 (HIS 181) 5
HIS 285 Europe 1918-1945 (HIS 181) 5
HIS 290 Institutions of Medieval Europe 5
Note:    Courses in brackets are prerequisites
 - One course (6 ECTS) from SPS Department from the list below:
 Department of Social and Political Sciences (SPS):
CODE Course Name ECTS
SPS 152 Comparative Politics 6
SPS 153 International Relations 6
SPS 156 European Integration 6
SPS 266 Political System of the European Union 6
SPS 361 Cyprus and the European Union 6
SPS 362 Politics of the European Union 6
Note:    Courses in brackets are prerequisites
 - One course (6 ECTS) from LAW Department from the list below.
 Department of LAW (LAW):
CODE Course Name ECTS
LAW 201 European Union Law I* 6
LAW 202 European Union Law II* 6
LAW 205 Public International Law I 6
LAW 206 Public International Law II 6
* Students who wish to pursue the course combination LAW 201 and LAW 202 are encouraged to take the introductory course LAW 101 Introduction to legal Method and the Study of Law (6 ECTS) as an elective course.
 - Three courses (15 ECTS) in one language other than English.
 - Three courses (18 ECTS) from AFN/BPA/HIS/LAW/SPS departments. Any course from AFN and BPA can be chosen. HIS, LAW and SPS courses can only be chosen from the lists above.

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