Athens University of Economics and Business

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Athens University of Economics and Business
Οικονομικό Πανεπιστήμιο Αθηνών
Athens University of Economics and Business Logo.jpg
Emblem of the Athens University of Economics and Business
Former names
Ανωτάτη Σχολή Εμπορικών Σπουδών
ΑΣΟΕΕ/ASOEE (Ανωτάτη Σχολή Οικονομικών και Εμπορικών Επιστημών)
Type Public
Established 1920
Chancellor Emmanouil Giakoumakis
  • of Academic Affairs:

Emmanouil Giakoumakis

  • of Economic Affairs:
George Giaglis
Students 3,000 per year
Undergraduates 1,800 per year
Postgraduates 1,200 per year
Location Athens, Greece
Colours Dark red and white         

Athens University of Economics and Business (AUEB; Greek: Οικονομικό Πανεπιστήμιο Αθηνών, Oikonomiko Panepistimio Athinon, abbrev. ΟΠΑ, OPA) was founded in 1920 in Athens, Greece. Its buildings are housed on Patision Street.

Before 1989, the university was known in Greek as the Supreme School of Economics and Business (Ανωτάτη Σχολή Οικονομικών και Εμπορικών Επιστημών, Anotati Scholi Oikonomikon kai Emborikon Epistimon, abbrev. ΑΣΟΕΕ, ASOEE). Though the university of business's official name has changed, it is still known popularly in Greek by this former acronym.

AUEB is the one of the best universities for economics and business in Greece. It is the third oldest higher educational institute and the oldest in the fields of economics and business in Greece.


The main building of Athens University of Economics and Business.
Backview of the building.

The Athens University of Economics and Business (AUEB) was founded in 1920 under the name of Athens School of Commercial Studies. It was renamed in 1926 as the Athens School of Economics and Business, a name that was retained until 1989 when it assumed its present name, the Athens University of Economics and Business.

It is the third oldest university in Greece and the oldest in the fields of economics and business. Up to 1955 the school offered only one degree in the general area of economics and commerce. In 1955 it started two separate programs leading to two separate degrees: one in economics and the other in business administration. In 1984 the school was divided into three departments, namely the Department of Economics, the Department of Business Administration and the Department of Statistics and Informatics.

In 1989, the university expanded to six departments. From 1999 onwards, the university developed even further and nowadays it includes eight academic departments, offering eight undergraduate degrees, 28 master's degrees and an equivalent number of doctoral programs.

Academic departments[edit]

The Athens University of Economics and Business is composed of 8 academic Departments in the areas of Economics, International and European Economics, Business Administration, Marketing and Communication, Accounting and Finance, Management Science and Technology, Informatics, and Statistics.

Each Department is run by the Chairman of the Department, the Vice-Chairman, and the General Assembly of the Department. Each Department accepts students at the undergraduate level, after successfully passing the pan-Hellenic exams, and offers a 4-year undergraduate program of studies, leading a Degree (Ptychion). Each academic department also offers one or more graduate programs of studies, leading to a master's degree, as well as a Doctoral Program, leading to a PhD Degree.

Department Founded Department Web Site
Economics 1955
Business Administration 1955
Informatics 1984
International and European Economic Studies 1991
Marketing and Communication 1989
Statistics 1989
Accounting and Finance 1999
Management Science and Technology 1999

Academic evaluation[edit]

An external evaluation of all academic departments in Greek universities will be conducted by the Hellenic Quality Assurance and Accreditation Agency (HQAA) in the following years.[1]

  • Department of Economics (2013) [2]
  • Department of Accounting & Finance (2014) [3]
  • Department of Business Administration (2010) [4]
  • Department of Marketing & Communication (2010) [5]
  • Department of International & European Economic Studies (2012) [6]
  • Department of Informatics (2012) [7]
  • Department of Management Science and Technology (2013) [8]
  • Department of Statistics (2014) [9]


The academic staff of the university consists of resident faculty, adjunct faculty, and visiting faculty. In addition, teaching and research assistants, foreign language and athletics instructors, and teachers of cultural activities are members of the academic staff. Faculty members are assisted by teaching and research assistants.

The resident academic staff of the University is currently composed of 37% professors, 18% associate professors, 23% assistant professors, and 22% lecturers. Resident faculty has to have a doctorate in order to assume any level. A vast majority (76%) of the current faculty of AUEB have obtained their PhD degrees from the US or the UK, in universities such as Harvard, Columbia, Cambridge, Northwestern University, Pennsylvania, LSE, LBS, Warwick, Manchester, Strathclyde, Essex, Maryland, City, Bath, Reading, etc. An additional 9% of the resident faculty holds a doctorate from other European countries (Aix-en-Provence, Paris), and finally the remaining 15% holds a doctorate from a Greek university.

International recognition and rankings[edit]

The Aueb's celebration hall main entrance.

In a research carried out by Der Spiegel magazine among 500 European universities, AUEB ranked in 15th place. In the field of econometrics, AUEB comes internationally in 48th place according to the Journal of Econometric Theory. The economics department ranks in the 76th place worldwide.[10]

The European Documentation Center of the AUEB is the coordinator of all the European Documentation Centers of Greek universities.

The MBA International Program, has 9 specializations / majors and is offered in English. The Program is accredited by the Association of MBAs (AMBA), and ranked among the top 10 MBA prograin Europe and the top 30 in the world.[11]


The Athens University of Economics and Business is centrally located in downtown Athens. The main building of the university is located at 76, Patision Street Street in Athens, two blocks away from the Archaeological Museum. This site was where the first football ground of Panathinaikos Football Club existed from 1908 until 1922. The contemporary building was constructed in 1935 with money donated by the Greek-Russian benefactor Grigorios Maraslis. The rear of the building faces the Pedion Areos Park and the Panellinios Sports Club. Four more buildings in the area cover the university's needs in offices and teaching rooms. One of them is located at 12, Kodrigtonos Street and the other at 12, Derigny Street.

The Research Center is located a few blocks away, at 46, Kefallinias Street and the Graduate School building is located at Louzitania building at the corner of Evelpidon and Lefkados Street.


The AUEB library in the main building.

The AUEB library was founded in 1928 and in 1990 it experienced a massive modernization and IT automation, partly financed by the European Community. Today it covers all aspects of automation, including OPAC, SDI, acquisitions, bar-code-based lending, etc., and uses the integrated library automation system Equilibrium-Libreto. It is one of the largest libraries in Economics and Business Administration in the Balkans.

The library comprises more than 100,000 book titles, and more than 1,000 printed academic journal titles covering areas of Economics, International and European Economic Studies, Business Administration, Management Science and Marketing, Informatics, Statistics, Accounting and Finance, and Management and Technology.

The library also offers 150 CD-ROMs (the Official Journal of the EC in full text, bibliographical database of the Official Publications of the EU, statistical data on the imports and exports of the member-states of the EU etc.) Access to the above-mentioned CD-ROMs is available from all library departments via the CD-ROM network. Finally, the library offers daily business magazines and journals in the areas of economics and business.

In addition, the Library participates in a consortium for national and international inter-library loans. Thus, the library users have access to the libraries of the Centre of Planning and Economic Research, the Bank of Greece, the National Documentation Centre, as well as to several libraries in Europe. The library employs 14 people and is open, for all students, from 08:30 to 20:00 on working-days. There are also reading facilities which are available daily until 20:00.

Business databases and literature search facilities

The AUEB library subscribes over 1,000 electronic journals through all the major electronic search engines (EBSCO, Elsevier's Sciencedirect, Springer's Link, JSTOR, MCB, WilsonWeb, Blackwell publishing, Oxford University Press, Wiley InterScience, CambridgeJournalsOnline etc.). Electronic access to the subscribed journals can be performed from any computer connected to the University intranet or irrespective of location, through dial-up, which is available 24 hours a day 7 days a week. Also the library offers access to the OECD iLibrary (Organization for Economic Co-operation and Development) database including data, analyses and forecasts.

The library also encompasses the European Documentation Centre which was established by the European Commission in partnership with the University in June 1992 in order to support teaching and research on EU matters. It is part of the University's library and is open to all members of the University, to the wider academic community as well as to everyone interested in EU policies and affairs.

AUEB Publishing The institute has recently developed a publishing activity. Seventeen academic books have already been published and others will follow. One of the future plans of the company is to set up an academic bookshop with special prices for the students. In the meantime, books are sold from the Company's offices.[12]

Undergraduate studies[edit]

Each department of the Athens University of Economics and Business awards an undergraduate degree (Ptychion) equivalent to a four-year B.A. or B.Sc. in their respective fields. Students are accepted after a successful nationwide entrance examination.[13]

To be able to graduate and get his/her degree, a student has to attend and successfully complete 8 semesters of study (four years), corresponding to a total of approximately 240 ECTS credit hours. These hours correspond to core as well as to elective courses. Students in one department are allowed to take courses offered by other departments. Foreign language courses in English, French or German are offered in all semesters and count towards degree requirements. Depending on their choice of electives, students acquire a major concentration on particular subjects. According to the University's grading system the grades range from zero (0) to ten (10) with the passing grades being five (5) and above.

Undergraduate courses in English[edit]

In addition to the above, there are many courses offered in English, mainly (but not only) for international students who come to AUEB under the Erasmus program.[14] A total of approximately 60 courses are offered in English, each one counting towards 6 ECTS credits.

Postgraduate studies[edit]

Masters programmes[edit]

There are 28 different Masters Programmes that are currently offered at AUEB. They include full-time programmes, part-time programmes, and joint programmes (with other Universities).[15]

The duration of graduate studies at the Master's level is between 15–27 months. Students are admitted to these programs after satisfying certain admission criteria such as results at the GMAT or GRE tests, proficiency of English (and maybe another language), academic performance at the undergraduate level, work experience (mainly for the MBA as well as the part-time programs), etc. Mastery of English is a prerequisite as courses include extensive seminars and lectures in English. Graduate students may receive scholarships or assistantships. All programs offer different specializations, allowing students to put together a customized program that fulfills their professional objectives and interests.

English-Speaking programmes[edit]

The postgraduate building of the Economical University of Athens, Evelpidon street.
  • M.B.A International [16]
  • MSc in Marketing & Communication, Specialization in International Marketing [17]
  • MSc in Accounting and Finance [18]
Programmes in collaboration with other universities[edit]

Doctoral Programmes[edit]

Doctorates are awarded by each Department upon the completion of courses, a successful qualifying exam, a dissertation and its successful defence in public. Holding a master's degree is a necessary requirement in order to be accepted to the Ph.D. program.[23]

Non-degree programs[edit]

The University offers additional training to the students of the University, as well as executive training programs.

A number of non-degree courses are offered to the students who are interested to expand their knowledge and skills. These include foreign language courses and courses on computer skills.[24] In addition, a large number of executive seminars are offered, either in-house to companies, or open.[25]

Research laboratories[edit]

The activities undertaken by the faculty [26] are twofold:

  • Basic theoretical research, which aims at the production and advancement of scientific and technological knowledge. This type of research is published in international scientific journals, proceedings of scientific congresses etc.
  • Applied research and consulting, which aims at the resolution of major problems of the economy and society, and of the firms.

The laboratories mission is:

  • To conduct forefront research in all aspects of scientific knowledge studied within the University,
  • To develop educational, research-based and other similar activities in accordance with the general principles and Research Code of the University,
  • To cooperate with other Research Centres and Academic Institutions in Greece or abroad, yet within a frame of solidarity and mutual trust, provided that similar or complementary scientific objectives are being sought,

The research laboratories currently operating at AUEB are the following:[27]

Department of Accounting and Finance[edit]

  • Accounting Laboratory [28]
  • Laboratory for Applied Finance

Department of Business Administration[edit]

  • Business Informatics Laboratory
  • Industrial Relations and Negotiations Laboratory [29]
  • Business Strategy Laboratory
  • Analysis of Markets and Consumer Behaviour Laboratory
  • Development and Promotion of Financial Products and Services Laboratory

Department of Economics[edit]

  • Econometrics Laboratory
  • Athens Laboratory of Economic Policy Studies – IMOP [30]

Department of Informatics[edit]

  • Network Economics and Services Laboratory [31]
  • Wireless Networks and Multimedia Telecommunications Laboratory – MmLab [32]
  • Artificial Intelligence and Decision Support Systems Laboratory [33]
  • Information Processing Laboratory [34]
  • Algorithms for the Internet and the Web Research Group [35]

Department of International & European Economic Studies[edit]

  • Laboratory for the Documentation and Analysis of European and International Economic/Financial/Econometric Issues (EUROLAB)

Department of Management Science & Technology[edit]

  • Electronic Commerce and e-Business Laboratory – ELTRUN [36]
  • Management Science Laboratory – MSL [37]
  • Transportation Systems and Supply Chain Management Laboratory – TRANSLOG [38]
  • Information Systems Technology Laboratory – ISTLab [39]
  • Strategy and Entrepreneurship Laboratory – ESTE [40]

Department of Marketing & Communication[edit]

  • Multimedia Laboratory for Communication and Marketing
  • Marketing Laboratory – ALARM [41]
  • Human Resource Management Laboratory [42]
  • Sectoral Research and Studies Laboratory
  • Business Applications and Evaluation Laboratory
  • Digital Business and Strategy Laboratory

Department of Statistics[edit]

  • Laboratory of Probability and Statistics Applications in Complex Economy, Insurance and Technology Systems
  • Statistical Methodology and Data Analysis Laboratory

AUEB Students' Clubs and Societies[edit]

There are several academic[43] (FOSS Community[44]), political, cultural [45] (Film Club[46]) and athletic groups active, as well as numerous alumni associations.[47]

Students' Association "Sotiris Petroulas"[edit]

Demonstration of the students' association "Sotiris Petroulas" in the center of Athens.

"Sotiris Petroulas" Students' Association is managed by 11 members elected during the students' elections each spring. The Association has played a key role in the solution of problems of student life and contributes to the enhancement of the quality of studies at the University.

See also[edit]


  1. ^ Hellenic Quality Assurance and Accreditation Agency
  2. ^ HQAA Final Report - Department of Economics, AUEB, 2013
  3. ^ HQAA Final Report - Department of Accounting & Finance, AUEB, 2014
  4. ^ HQAA Final Report - Department of Business Administration, AUEB, 2010
  5. ^ HQAA Final Report - Department of Marketing & Communication, AUEB, 2010
  6. ^ HQAA Final Report - Department of International & European Economic Studies, AUEB, 2012
  7. ^ HQAA Final Report - Department of Informatics, AUEB, 2012
  8. ^ HQAA Final Report - Department of Management Science and Technology, AUEB, 2013
  9. ^ HQAA Final Report - Department of Statistics, AUEB, 2014
  10. ^ "EconWiki Rankings". 
  11. ^ "Master - International Management". 
  12. ^ AUEB Publishing, retrieved 2014
  13. ^ AUEB Undergraduate Studies, retrieved 2014
  14. ^ AUEB Undergraduate Courses in English, retrieved 2014 Archived February 2, 2014, at the Wayback Machine.
  15. ^ AUEB Masters Programmes, list of Greek / English Speaking Masters, retrieved 2014
  16. ^ IMBA official website
  17. ^ PRIMA official website
  18. ^ ACCFIN official website
  19. ^ M.A in Heritage Management official website
  20. ^ Athens M.B.A. official website Archived November 8, 2013, at the Wayback Machine.
  21. ^ M.Sc. in Business Mathematics official website
  22. ^ Cognitive Science postgrad programme official website
  23. ^ AUEB Doctoral Programmes info, retrieved 2014
  24. ^ AUEB Non-degree programmes info, retrieved 2014
  25. ^ AUEB executive training programmes info, retrieved 2014
  26. ^ AUEB Research info, retrieved 2014
  27. ^ AUEB Research Labs info, retrieved 2014
  28. ^ Accounting Laboratory lab website Archived March 31, 2008, at the Wayback Machine.
  29. ^ Industrial Relations and Negotiations Laboratory lab website
  30. ^ IMOP lab website
  31. ^ Network Economics and Services lab website
  32. ^ Mobile Multimedia lab website
  33. ^ Natural Language Processing research group website, retrieved 2014
  34. ^ Information Processing Laboratory lab website
  35. ^ Algorithms for the Internet and the Web research group website
  36. ^ ELTRUN lab website
  37. ^ Management Science lab website
  38. ^ TRANSLOG lab website Archived October 6, 2009, at the Wayback Machine.
  39. ^ IST lab website
  40. ^ ESTE lab website
  41. ^ ALARM lab website Archived February 2, 2014, at the Wayback Machine.
  42. ^ Human Resource Management lab website Archived February 2, 2014, at the Wayback Machine.
  43. ^ AUEB Clubs and Communities info, in greek
  44. ^ AUEB Free and Open Source Community
  45. ^ AUEB Cultural Clubs general info
  46. ^ AUEB Film Club blog
  47. ^ AUEB Student life info page

External links[edit]

Coordinates: 37°59′38″N 23°43′56″E / 37.99389°N 23.73222°E / 37.99389; 23.73222