Undergraduate Programme

Regional Economics

Course goal

The basic aim of the course is the analysis and the comprehension of the way by which the economic regional system operates. Thus, the explanation of the reasons that shapes and maintains the regional inequalities and the unequal spatial distribution of the economic activities is rendered possible. The regional inequalities in Greece will be analyzed and the key indicators used to quantify the spatial disparities will be described. In this course, the basic concepts of Regional Science will be described, as well as the theoretical approaches concerning both in the reasons and the factors that cause the regional inequalities will be analyzed. Moreover, the economic policies, which can possible decrease the level of inequalities, are described analytically. Α report in regional economic issues becomes, as the diachronic change of product and the regional employment, the regional specialization, the trade, the national and regional multipliers and the differences in the productivity of regional economy. Moreover, the subjects that are related with the regional labor market, the interregional trade flows, the labor or capital “flows” between the regions, the distribution of the productive factors and the balance of payments are analyzed.

Course subject

• The concepts of space and development, The Regional Science, Definition of Region, Criteria of regional distinction, Differences between growth and development, The regional problem. • Analysis of key concepts of Regional Science, Elements of regional accounts, Regional Production functions, Regional productivity. • Quantitative Analysis of regional disparities and spatial relationships, Measurement of spatial concentrations and agglomerations, Indicators of spatial concentration,  the Lorenz curve, the Gini coefficient, Shift - Share Analysis, the Reilly Law of market areas, Spatial interaction models. • Regional disparities in Greece. • Theories of Regional Development, Theories in the period 1930-1960, Theories of 2nd Generation (1960-1984), The neo-Marxist theories, the recent theories (1984-onwards). • Multipliers and regional analysis • Interregional labor market and capital mobility, the demand curve and supply curve of labor, Regional labor markets, Analysis of interregional labor mobility, Analysis of interregional capital mobility.


The students are graded by two exams. One intermediate exam giving 30% of the final grade and final exams in the end of the semester fiving 70% of the final grade


  • Πολύζος Σ. (2011), Περιφερειακή Ανάπτυξη, Εκδόσεις ΚΡΙΤΙΚΗ, Αθήνα
  • Λαμπριανίδης Λ. (2001), Οικονομική Γεωγραφία, Αθήνα, Εκδόσεις Πατάκη
  • Armstrong H. & J. Taylor (2000), Regional Economics and Policy, Massachusetts: Blackwell