BSc in Economics
Program Overview
The Bachelor of Science (BSc) in Economics prepares students for employment in a variety of business or government positions, and for continued study in graduate schools in economics, business, and other fields. This program focuses on analyzing the allocation of scarce resources, highlighting the importance of making choices between competing alternatives. It equips students with the tools to make informed decisions in areas such as consumer and firm behavior, employment, price stability, trade, international finance, economic growth, public finance, and public policy.
Students will gain a solid foundation in economics, enabling them to pursue advanced studies in economics or specialize in fields such as accounting, finance, banking, marketing, risk management, and more. With this knowledge, economics graduates can pursue careers in civil service, banking, business, education, or research, and compete for attractive jobs worldwide.
Additionally, this program offers students a selection of specialized electives that can be combined into thematic areas (concentrations). These concentrations equip students with the skills and knowledge necessary to access a broader range of job opportunities. The thematic areas offered by the program are:
A Thematic area: International Economics
B Thematic area: Digital Economics & AI
C Thematic Area: Green Economics & Sustainability
 BSc in Economics Program includes:
Click here ↗to learn more.
Note: The chosen thematic area is recorded on the Transcript of Credits and the Diploma Supplement, but not on the Degree itself. All students receive the same degree (ενιαίο πτυχίο) regardless of the thematic area they have chosen.
The program is nationally accredited by CYQAA and recognized by KYSATS.
Admissions Requirements
- High school leaving certificate with a minimum grade of 15/20 (for public schools) or 80 (for private schools) or three GCE A Level exams with grades ABB or International baccalaureate with a minimum of 32 points.
- Native speaker of English or graduate of a high school or university where the language of instruction is English, or IELTS with a score of at least 5.0, or TOEFL with a score of at least 250 (computerized) or 550 (conventional), or Password-plus 5.5. UoL offers a specialized English Foundation course, onsite or online, for international students from non-EU countries. Click here to learn more.
- Satisfactory personal statement on application.
- Knowledge of English language. Click here to learn more.
Program Learning Outcomes
With the completion of the Bachelor of Science in Economics, students are expected to be able to:
- Demonstrate an understanding of microeconomic and macroeconomic terminology, concepts, and theories.
- Use analytical and quantitative skills to carry out independent research.
- Estimate economic models using data, test hypotheses, forecast, and interpret results of empirical economics analyses.
- Use critical thinking to analyze economic problems and discuss alternative views in economic policy debates.
- Integrate theory and practical application to find solutions to real-world economic problems.
Program Requirements
The European Credit Transfer and Accumulation System (ECTS in short) is a tool of the European Higher Education Area for making studies and courses more transparent. It helps students to move between countries and to have their academic qualifications and study periods abroad recognized. The credits below are based on the ECTS.
To graduate, students are required to earn 240 credits as follows:
97.5 ECTS from 13 Economics core courses (EC code)
37.5 ECTS from 5 Business Administration core courses (BA code)
30 ECTSÂ from 4 Computing and Business Technologies (CS code)
45 ECTS from 6 elective courses
30 ECTS from a Thesis
Core Courses
1. BA101 – Personal & Professional Development
Contact Hours: 36 Â Â Credits: 7.5
2. EC101 – Microeconomics I
Contact Hours: 36 Â Â Credits: 7.5
3. EC111 – Mathematics I
Contact Hours: 36 Â Â Credits: 7.5
4. CS101 – Foundations of Information Technology
Contact Hours: 36 Â Â Credits: 7.5
1. BA111 – Communication Skills
Contact Hours: 36 Â Â Credits: 7.5
2. EC121 – Macroeconomics I
Contact Hours: 36 Â Â Credits: 7.5
3. EC131 – Statistics I
Contact Hours: 36 Â Â Credits: 7.5
4. CS141 – Programming I
Contact Hours: 36 Â Â Credits: 7.5
1. BA201 – Ethics & Social Responsibility
Contact Hours: 36 Â Â Credits: 7.5
2. BA211 – Financial Accounting I
Contact Hours: 36 Â Â Credits: 7.5
3. EC201 – Econometrics I
Contact Hours: 36 Â Â Credits: 7.5
4. CS211 – Mathematics II
Contact Hours: 36 Â Â Credits: 7.5
1. BA221 – Innovation & Entrepreneurship
Contact Hours: 36 Â Â Credits: 7.5
2. EC211 – Microeconomics II
Contact Hours: 36 Â Â Credits: 7.5
3. EC221 – Econometrics II
Contact Hours: 36 Â Â Credits: 7.5
4. EC311 – Game Theory
Contact Hours: 36 Â Â Credits: 7.5
1. EC301 – Macroeconomics II
Contact Hours: 36 Â Â Credits: 7.5
2. CS321- Machine Learning, Data Mining & Business Analytics
Contact Hours: 36 Â Â Credits: 7.5
3. Elective
Contact Hours: 36 Â Â Credits: 7.5
4. Elective
Contact Hours: 36 Â Â Credits: 7.5
1. EC361 – Social Welfare Economics & Cost-Benefit Analysis
Contact Hours: 36 Credits: 7.5
2. EC362 – Money and Banking
Contact Hours: 36 Credits: 7.5
3. Elective
Contact Hours: 36 Credits: 7.5
4. Elective
Contact Hours: 36 Credits: 7.5
1. EC401 – Research Methods
Contact Hours: 36 Â Â Credits: 7.5
2. EC490 – Behavioral Economics
Contact Hours: 36 Â Â Credits: 7.5
3. Elective
Contact Hours: 36 Â Â Credits: 7.5
4. Elective
Contact Hours: 36 Â Â Credits: 7.5
EC600 – Mandatory Thesis
Credits: 30
Elective Courses
Students may concentrate in a Thematic Area and take all its 6 specialized elective courses (45 ECTS) or choose any mix of 6 elective courses (45 ECTS) from different thematic areas and/or from other Bachelor programs. Particularly, students may choose one of the following options:
1. Choose one of the following three thematic areas (concentrations), each consisting of six (6) specified elective courses (45 ECTS). All six courses within the chosen thematic area must be completed by the student to acquire the concentration.
Note: The chosen thematic area is recorded on the Transcript of Credits and the Diploma Supplement, but not on the Degree itself. All students receive the same degree (ενιαίο πτυχίο) regardless of the thematic area they have chosen.
A. Thematic area: International Economics
6 specified elective courses 45 ECTS
B. Thematic area: Digital Economics & AI
6 specified elective courses 45 ECTS
C. Thematic Area: Green Economics & Sustainability
6 specified elective courses 45 ECTS
2. Any mix of six (6) elective courses from the above thematic areas and/or from other accredited Bachelor programs (45 ECTS), except Project-type courses.
Important notes:
- Elective courses can be taken from the 1st semester of the 3rd year through the 1st semester of the 4th year.
- Only one of the two listed postgraduate courses(marked by 3 stars) can be taken, and only during the 4th year.
Elective Courses
1. EC331 – International Trade
Contact Hours: 36 Credits: 7.5
2. EC341 – International Finance
Contact Hours: 36 Credits: 7.5
3. EC411 – Economic Growth and Development
Contact Hours: 36 Credits: 7.5
4. EC431 – EU Institutions, Economics & Policies
Contact Hours: 36 Credits: 7.5
5. EC481- Economic History
Contact Hours: 36 Credits: 7.5
6. EC471 – The Cypriot Economy
Contact Hours: 36 Credits: 7.5
1. CS251 – Digital Transformation
Contact Hours: 36 Credits: 7.5
2. CS201 – Programming II
Contact Hours: 36 Credits: 7.5
3. CS221 – Management Information Systems
Contact Hours: 36 Credits: 7.5
4. CS351- Artificial Intelligence & Deep Learning
Contact Hours: 36 Credits: 7.5
5. BI510 ** – Applied Data Analytics, Visualization& Forecasting
Contact Hours: 36 Credits: 7.5
6. EC491- Digital Economics & AI Applications
Contact Hours: 36 Credits: 7.5
1. EC321 – Industrial Organization
Contact Hours: 36 Credits: 7.5
2. EC421 – Public Finance & Public Policy
Contact Hours: 36 Credits: 7.5
3. EC411 – Economic Growth and Development
Contact Hours: 36 Credits: 7.5
4. EC471 – The Cypriot Economy
Contact Hours: 36 Credits: 7.5
5. GD660 ** – The Circular Economy & Sustainable Development
Contact Hours: 36 Credits: 7.5
6. EC441 – Environmental Economics
Contact Hours: 36 Credits: 7.5
EC351 – Labor Economics & Industrial Relations Â
Contact Hours: 36 Credits: 7.5
Instructors
Program Director
Dr. Snezana Eminidou
PhD Economics, Master in Economic Analysis, BA in International and European Economic Studies
1. Dr. Markella Grigoriou |Â Lecturer
PhD Psychology, MA Philosophy of Mind BA Philosophy
2. Dr. Efthymios Lykopoulos |Lecturer
PhD Economics, Master Monetary and Financial Economics, Bachelor International, European and Economic Studies
3. Dr. Andreas Artemiou | Professor
PhD Statistics MSc Statistics, BSc Mathematics and Statistics Minor Computer Science
4. Dr. Ioannis Filippopoulos | Assistant Professor
PhD Computer and Network Engineering MBA, MSc Information Technologies BSc Military Training
5. Dr. Kyriaki Mikellidou | Assistant Professor
PhD Psychology, MSc Cognitive Neuroscience BSc Psychology
6. Dr. Christodoulos Efstathiades | Assistant Professor
PhD Computer Science, MSc Networked Computer Systems, BSc Computer Science
7. Dr. Afxentis Afxentiou | Lecturer
PhD Politics and Ethics, MA Global Politics and Law BA History and Politics
8. Dr. Antonis Violaris | Associate Professor
PhD Finance and Economics MSc Business Finance, BSc Finance
9. Dr. Vasilis Polimenis | Professor
PhD Finance MA Finance, MSc Computer Science, BSc Computer Engineering
10. Dr. Olga Kandinskaia | Associate Professor
PhD Economics MA Economics, BA Economics
11. Dr. Doron Sonsino | Professor
PhD Business Economics, MSc Operations Research, BA Accounting and Economics
12. Dr. Theodore Panayotou | Rector of the UoL | Professor
PhD Economics MA Economics, BA Economics
13. Dr. Panagiotis Kouvaros |Assistant Professor
PhD Formal Methods in AI MSc Advanced Computing Dip Eng. Computer Engineering and Informatics
14. Dr. Luca Ferrarini | Assistant Professor
PhD Computer Science, MSc Computer Engineering
15. Dr. Stathis Hadjidemetriou | Associate Professor
16. PhD Computer Science, MSc Electrical Engineering, BSc Electrical Engineering
17. Dr. Paris Cleanthous | Associate Professor
PhD Economics, MPhil Economics, MA Economics, BS Economics and Mathematics
18. Dr. Theodoros Zachariades |
PhD Mechanical Engineering Diploma in Mechanical Engineering
19. Dr. Marios Clerides |
PhD Economics, MSc Economics, BSc Economics
20. Mr. Panayiotis Jacovides |
MSc International Management, BSc Economics and Law
English (UK) 
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