
Bachelor
120 ects
Greek
Internationally Recognised
Online application submission
The mission of the new undergraduate programme in Business Economics is to provide solid understanding of the central theories and analytical tools of the field of economics and apply these to businesses and the business environment.
The programme introduces students to macro- and microeconomic theory and business management, teaches them to think and write clearly about economic problems and policy issues and enables them to develop an in-depth understanding of the economic factors that influence business success and decision-making.
First three years’ modules/courses provide a solid background in economics and management, while the final year is more flexible, allowing students to tailor their degree according to their interests.
European Credit Units - ECTS: 240
Teaching Language: Greek
Level of Studies: Undergraduate
Title to be Awarded: BACHELOR OF SCIENCE (BSc) “Business Economics”
To address the demands of today’s labor market, as well as the diverse academic and professional aspirations of its graduates, the Undergraduate Programme in Business Economics provides students with a broad foundation of knowledge and a deep understanding of core theories and analytical tools in the field of economics.
A degree in Business Economics offers significant value, as few academic programs open such a wide range of career opportunities. Our graduates are thoroughly prepared to enter the job market successfully and to pursue advancement across multiple sectors in both the public and private spheres.
The programme is evaluated and accredited by:
The Open University of Cyprus (OUC), through its participation in the European project "Liaison Offices with the Labour Market", offers to students of all its programmes of study, the optional and free of charge Thematic Unit (i.e. Module) entitled "Industry Placement". This module provides students opportunities for a placement to gain professional experience in their particular field of study, and the hosting institution can be any public or private organisation operating in the Republic of Cyprus.
Each student has the right to participate in this offering once or twice during his / her studies, provided that s/he meets the required conditions.
Request more information by contacting the OUC Liaison Office here.
Applicants must have:
- Upper Secondary School Leaving Certificate (Apolyterion or equivalent)
Additional conditions for attending the Programme offered online:
- Adequate knowledge of computer use, so that students can meet the educational requirements of the Programme (Word, PowerPoint, Excel), and the online meetings.
- Computer with internet connection, headphones and microphone, as students will actively participate in teleconferences / online lectures and / or online evaluations and tutorials.
The total administrative cost of the Programme is €9600. The cost of each Module is €400. Administrative costs are charged per Module. Students benefit from a 10% discount per module during the first three years of the programme. So, the cost of each module will be €360 for this period.
The total administrative cost for non E.U. citizens is €11520 and the cost of each Module is €480. 10% discount for the first 3 (three) years. So, the cost of each module will be €432 for this period.
To obtain the Bachelor’s Degree in Business Economics, students are required to attend and successfully complete twenty-four (24) Modules, of which eighteen (18) are compulsory and six (6) are elective.
The structure of the Programme is presented in the following table:
| Programme of Study Layout | ||||||
| Modules | Semester | Required / Elective | Pre-requisite Modules | Workload | ||
| Hours | ECTS | |||||
| ΟΙΕ111 | Principles of Economic Analysis I | 1 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ112 | Quantitative Methods in Economics I | 1 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ113 | Introduction to Business Administration | 1 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ121 | Principles of Economic Analysis II | 2 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ122 | Quantitative Methods in Economics II | 2 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ123 | Human Resource Management | 2 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ211 | Microeconomics | 3 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ212 | Statistical Analysis of Economic Data I | 3 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ213 | Introduction to Accounting | 3 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ221 | Macroeconomics | 4 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ222 | Statistical Analysis of Economic Data II | 4 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ223 | Corporate Finance | 4 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ311 | Econometrics | 5 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ312 | Marketing | 5 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ313 | Managerial Accounting | 5 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ321 | Strategic management | 6 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ322 | Financial Accounting | 6 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ323 | Financial Theory | 6 | Υποχρεωτική | 250 - 300 | 10 | |
| ΟΙΕ411 | Taxation and Public Finance | 7 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ412 | Advanced Financial Acounting and Reporting | 7 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ413 | Business Economics | 7 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ414 | Entrepreneurship, Theory and Practice | 7 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ415 | Operational Performance and Control | 7 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ421 | Audit and Assurance | 8 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ422 | Money and Banking | 8 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ423 | E-Business | 8 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ424 | Managerial and Business Law | 8 | Επιλογής | |||
| ΟΙΕ425 | Taxation | 8 | Επιλογής | 250 - 300 | 10 | |
| ΟΙΕ495* | Industry Placement | 8 | Επιλογής | OIE111, OIE112, OIE113, OIE121, OIE122, OIE123 | 125 - 150 | 5 |
| ΟΙΕ496* | Industry Placement | 8 | Επιλογής | OIE495 | 125 - 150 | 5 |
| Σύνολο | 6000-7200 | |||||
| *The modules are elective and are over and above the ECTS of the programme. | ||||||
Academic Personnel
Christina Christou, Associate Professor, Programme Director,
For additional information, please contact Ms. Pitsillou Maria (
































