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Division I Political Economy Ioannis Soutsos Andreas M Division I Political Economy Ioannis Soutsos Andreas M. Andreades Kyriakos Angelos Xenophon Ioannis S. Pesmazoglou (1804 - 1890) (1876 - 1935) Varvaresos Angelopoulos Zolotas (1918 - 2003) (1884–1957) (1904-1995) (1904–2004) 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 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 Mandatory Courses offered by Division I No Code Course Semester 1 PEC101 Introduction to Political Economy 1 2 ECO101 Introduction to Economic Analysis 1 Political Economy 3 PEC102 of Employment and Money 2 Microeconomic Analysis 4 ECO201 of Production and Consumption 3 5 ECO211 Introduction to Macroeconomic Analysis 3 Microeconomic Analysis 6 ECO202 of Markets and Social Welfare 4 7 ECO212 Macroeconomic Theory 4 8 ECO301 Advanced Economic Analysis 5 Note that 8 out of 20 courses are provided by Division I Basic Choice Courses offered 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 Not currently offered Subject Unit Courses offered by Division I 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 Not currently offered Free Electives provided by Division I No. Code Course Semester 1 ECO461 Monetary Policy 7 2 PEC461 Classical Texts in Political Economy 8 3 PEC462 Marxist Political Economy II 8 History of Economic Thought 4 ECO463 in Modern Greece 8 5 ECO464 Institutional Economics 8 Network Economics and 6 ECO465 Economics of Information 8 7 ECO466 Law and Economics 7 8 ECO467 Economics of Education 7 Topics in the 9 ECO468 History of Economic Thought 8 10 ECO469 Post-Keynesian Economics 7 11 ECO470 Macroeconomic Accounting 8 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 Division of Political Economy 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 Emeritus Vassilis Droukopoulos Professor Industrial Economics (pending) Παναγιώτης Panagiotis Pavlopoulos has been appointed to one Παυλόπουλος of the four chairs in Political Economy during the military dictatorship. He holds a BA from AUEB Professor of and a PhD from Manchester U. He has taught Political economic theory (micro & macro) and economic Economy policy. He had served as an Acting Director of the (ret.) Centre of Planning & Economic Research (KEPE) and Director General of the Institute for Economic & Industrial Research (IOBE). Γεώργιος Οικονόμου George Economou was Professor of Political Economy with a MA from Manchester U and a Professor of PhD from the U of Athens. He taught Political Macroeconomics and he was a member of the Economy Monetary Council of the Bank of Greece and (Emeritus) economic advisor to the Greek government and Greek politicians. 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 Γεώργος Η. at the University of Athens, Chair of the Department of Economics, Dean of the Faculty of Law, Economics and Κριμπάς Politics, Vice-Rector [Planning and Finance], presently Lecturer, UADPhilEcon. Founder member of the Professor Alexandros Papanastassiou Club before the junta, ditto of of Political Democratic Defence during the junta and after. Lately Economy Ambassador to the Organization of Economic Cooperation (Emeritus) and Development and first Chairman of the Centre for Progressive Policy Research, a left-of-centre Think Tank. 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 Νίκος Economy and served as its Deputy Head. Πετραλιάς He was the President of the Nicos Poulantzas Institute and he is currently the President of Professor the Sakis Karagiorgas Foundation. In 2008 his of Political friends, colleagues and students published a Economy Festschrift in his honour. (Emeritus) Κοινωνική θεωρία και πολιτική ευθύνη: Συντροφικό αντιχάρισμα στον Νίκο Πετραλιά, 2008 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 Πέτρος Γέμτος University of Thessaly, General Secretary of the Ministry of Education and a founding member and Professor head of the Philosophy and History of Science of Political Department at the University of Athens where he Economy taught Philosophy and History of the Social Sciences as a Professor . He retired as Emeritus from the (Emeritus) 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. 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. Αλέξανδρος Πανεθυμιτάκης 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 Βασίλης at Laurentian University, Ontario, Canada, at the Δρουκόπουλος University of Edinburgh and Professor at the Technical University of Crete. He was from 1998 a member of the Professor of Monetary Policy Council of the Bank of Greece after Industrial having served as Director General of the Centre of
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