Regulations of studies


Piraeus University of Applied Sciences (T.E.I.) bears the responsibility for the establishment and organization of Postgraduate Studies Programs in Greece, and awards Postgraduate Diplomas of Specialization by virtue of Law 3685/2008.

The purpose of Postgraduate Studies Programs is to further promote scientific knowledge and arts. They aim at fostering the education of scientists able to contribute to the research, production, dissemination and application of specialized knowledge and skills, in specific fields of knowledge and information related to the Institution’s fields of study, thus contributing to the development of the country and corresponding to labor market needs.

The Department of Accounting and Finance organizes the Postgraduate Program “Public Economics and Policy” with the objective to promote up-to-date knowledge in the fields of public finance and economic policy, and enable participants to tackle the demands of today’s competitive labor market. The course aims to provide theoretical expertise to professionals and prepare them for a wide range of career opportunities in related fields.


Governing Bodies of the Postgraduate Studies Program

The decision-making bodies of the Postgraduate Program of the Department of Accounting and Finance of Piraeus University of Applied Sciences (T.E.I.) comprise:

  1. The Assembly of Special Composition (ASC)
  2. The Department’s General Assembly of Special Composition (GASC)
  3. The Coordinating Committee of the Program
  4. The Program Director


  1. The Assembly of Special Composition of the Institution consists of the academic staff constituting members of the Institution’s Assembly, as well as two postgraduate students’ representatives.
  2. The Department’s General Assembly of Special Composition consists of the Department’s President, the faculty members of the Department’s Assembly, and two postgraduate students’ representatives. The GASC makes proposals and recommendations concerning the Program, and is responsible for the formation of consulting, examination, candidate selection, and coordinating committees, as well as for certificate awards. Also, the GASC is responsible for issues as provided by the specific provisions.
  3. The Coordinating Committee of the Post-graduate Program consists of faculty members of the Department who have been designated by the GASC. Its main role is to coordinate and supervise the Program.
  4. The Program Director, at the rank of Professor or Associate Professor with specialty in a field relevant to the Program, presides over the Coordinating Committee and is appointed by the GASC for a two-year term of office, which can be renewed. Program Directors are entitled to be relieved from part of their teaching workload. It is also their duty to propose to the GASC all issues pertaining to the effective implementation of the Program.

Additionally, at institutional level, the Deputy President of Academic Affairs is responsible for monitoring and coordinating postgraduate studies.


Attendance of the Program can be either full-time or part-time. The full-time program consists of four (4) semesters, while the part-time program may extend from five (5) to eight (8) semesters. All students are required to submit their dissertation during the final semester of their studies.

During their studies, students may apply for a change of their status from full-time to part-time and vice versa. In both of the above cases, the change has to take place within fifteen days after the beginning of the semester. The change of status has to be approved by the GASC.

Number of Entrants and Admission Policies

Applications are submitted to the Secretariat of the Department which is responsible for the Program, following the public call for applications.

The selection of postgraduate students is strictly based on merit. The maximum number of students admitted to the Postgraduate Program is 60 per academic cycle. In addition, scholarship recipients are accepted to the Program, according to the provision of law 3685/2008 (A 148), article 4.

Students’ selection is based on criteria which are both qualitative and quantitative, taking into account not only the candidates’ academic qualifications but also their character and professionalism, as required for a graduate’s professional success.

In order to be admitted to the program, candidates must be graduates of a University or Technological Educational Institute (TEI) and hold a degree in Business Administration, Economics, Finance, or related fields. Graduates of foreign universities can also be admitted, provided their degrees were obtained from Institutions recognized by the State.

The selection of candidates is based on the following criteria:

  1. BA Degree (grade),
  2. The applicant’s previous academic performance in undergraduate courses whose subject matter is related to the Post-graduate Program,
  3. Grade of their dissertation (if it was a prerequisite during the undergraduate studies),
  4. Research activity,
  5. Professional experience in fields related to the Program,
  6. Evidence of written and oral competence in a foreign language (certified as specified by Law 3685/2008),
  7. References,
  8. Personal interview (by the Selection and Evaluation Committee).

The selection of candidates is made by a committee formed by decision of the General Assembly of Special Composition (GASC). The table of successful applicants is ratified by the GASC.

In addition to the number of the selected students, every Postgraduate Program accepts one (1) scholarship recipient from the State Scholarships Foundation (‘IKY’) who has succeeded in the examinations held in the subject matter related to the Postgraduate Program, and one (1) foreign student who has received scholarship from the Greek State. By decision of GASC, the number of scholarship recipients admitted to the Program can be increased.


Required Documents:

  1. An application form (see specimen),
  2. Curriculum Vitae (a sample is provided),
  3. A certified copy of your BA Degree/Diploma,
  4. Transcript of records (with two-decimal precision, issued by the Academic Secretariat of your University),
  5. Two references (instruction form is provided; the letters should be sealed and signed by the referee),
  6. Certificate(s) of competence (Level B2 or higher) in a foreign language (a photocopy),
  7. Two color pictures (ID size) with the candidate’s name and surname on the back side
  8. Proven knowledge of the Greek language. Foreign applicants should provide a Bachelor’s or Post-graduate Degree by a Greek Higher Education Institution or a graduation certificate from a Greek Senior High School (or equivalent), or a Greek language certificate by the Greek Language Centre,
  9. A certified copy of ‘DOATAP’ (the Hellenic National Academic Recognition and Information Center responsible for the recognition and validation of degrees obtained in foreign Institutions of Tertiary Education),
  10. Certificate(s) of work experience (if available),
  11. Research work, seminars, publications, distinctions (if available),
  12. Additional qualifications, scholarships, special seminars, courses attended at foreign Universities, studies, post-graduate degrees, further education diplomas, etc. (if available).


Language Certification

Evidence of competence in a foreign language is proven by presenting a language certification. Candidates who do not hold any certification are examined by an ad hoc committee, set up by the Director of the Program. Applicants whose native language is not Greek have to prove that they have a working knowledge of the Greek language. Language certification is specified by relevant provisions.


Time Limits to Degree  

Full-time students are expected to complete all degree requirements in no more than three (3) academic years. For part-time students, the maximum duration of studies is four (4) academic years.

Under compelling circumstances that render the attendance of the course or the preparation of the dissertation impossible, students may apply for a maximum of two- semester extension beyond the expected time to degree. Each extension must be approved by the General Assembly of Special Composition. An approved extension period is not counted as part of the time allowed for the completion of degree requirements, and thus it does not count toward the time limits. Petitions for time extensions must be justified by medical, military, and serious family or personal reasons.

 Minimum attendance per semester – Credit Units

Full-time attendance is defined as a minimum of thirty (30) hours per course per semester, quantitatively expressed in thirty (30) credit units (ECTS), which correspond to a total of 120 ECTS at the completion of the Program, for both full-time and part-time students. Part-time students have to register for no less than fifteen (15) credit units per semester.

Suspension of Studies – Interruption of Studies

Attendance is mandatory. However, in special cases (medical reasons, etc.) students may interrupt their studies or withdraw from studies temporarily for a specified period of time, after which they are expected to return to active status by re-enrolling. The student’s petition is examined by the Coordinating Committee and the Director of Studies.  In either case – suspension or interruption of studies – there is no provision for fee refund.

Postgraduate students may apply to the Secretariat of the Program for withdrawing from their studies for a maximum period of two consecutive semesters. A separation from the Program results in loss of active student status; therefore the student’s ID and library card will have to be returned to the Registrar. The period of suspended studies is not counted as part of the time allowed for completion of degree requirements, and thus does not count toward the time limits.

Students wishing to discontinue their studies, either temporarily or permanently, have to submit their applications to the Secretariat of the Program, so that they can be evaluated by the Director of the Coordinating Committee. Applications are submitted prior to the start of the subsequent semester or one month, at the latest, after the start of classes in case of serious reasons.

Student Expulsion

Students can be expelled from the Program if they:

  1. Fail in courses that correspond to 15 credit units. The total of 15 credits can derive either from failure in two different courses or repetitive failure in the same course. (Each course is quantitatively expressed in 7.5 credit units).
  2. Exceed the limit of absences, justified or not, which is set at 1/5 of the total number of hours taught per course per semester. A student exceeding the above-mentioned limit is denied the right to be examined in the relevant course(s) during the given exam period. Students are offered the opportunity to repeat the course, once only, in the relevant subsequent period, paying the corresponding amount of fees. Failure to meet the attendance requirements for a second time is a reason for expulsion from the Program. In exceptional or special cases, e.g. for health reasons, exceeding the absenteeism limit by no more than 50% of the total teaching hours of the course is examined by the Teachers Group or GASC upon recommendation of the Director.
  3. Display conduct that is inconsistent with the status of graduate student of Piraeus UAS (TEI).

The final decision regarding expulsion from the Program is taken by the Coordinating Committee, after the Program Director’s proposal.

Exam Retake Policy

Under compelling circumstances, students may fail to sit for exams in the designated examination period. In such cases, they can take the exams in the following examination period without being rejected. The same arrangements apply in the case that students obtain a failing grade between 3 and 4.9 on the marking scale. Re-examination arrangements are at the discretion of the Coordinating Committee and offer students the opportunity to improve their performance. However, students receiving failing grades ranging between 0 and 2.99 are required to repeat the course, paying the respective fees.


Program of Studies

According to the provisions of the Laws 3374/2005 and 3685/2008, and the provisions of  the Ministerial Decree F5/89656/B3 referring to the system of accumulation and transfer of ECTS points, which cannot be less than 120 in total, the General Assembly of Special Composition of the Department of Accounting and Finance, after the Program Director’s proposal, is responsible for determining the following issues: the number of minimum class hours per semester, the  necessary number of ECTS points, the  modes of recovery, the  schedule and duration of examination periods, the detailed timetable, and the academic calendar that includes: the semester start and end dates, the start date of each course and respective exams, as well as the deadlines for fee settlement.


Requirements for the Award of the Postgraduate Diploma of Specialization

The award of the diploma requires that students satisfy the defined standards and conditions. These include:

  1. The students’ active participation in lectures, seminars, laboratory applications, research or other educational activities within the framework of their studies, as defined in the Program.
  2. A pass grade in the exams of the courses required (or successful completion of all written assignments/projects if they are a prerequisite for the successful completion of a course).
  3. Submission and defence of a dissertation or of a research project, or successful examination in the 4 specialization courses that substitute the Research Seminar and Dissertation.

After their successful examination in ten (10) of the twelve (12) courses, students are required to submit a postgraduate dissertation topic. Following their successful examination in all courses and the postgraduate dissertation seminar or a research program, they are required to complete/present a post-graduate dissertation or an equivalent research project during the fourth semester of studies (for full-time students), or during the fifth or subsequent semester (in the case of part-time students). The presentation of the dissertation cannot take place later than one year from the date of approval of the topic by the GASC. Each postgraduate student is assigned a supervisor by the Program Director. Supervisors monitor the process, assesses the work, and report on the dissertation to the Coordinating Committee. The maximum number of dissertations that supervisors can supervise is determined after the Program Director’s proposal.

The research seminar and dissertation can be substituted by the successful attendance of four (4) specialization courses, as specified in the Program of Studies of the Postgraduate Program, provided the student has attained a grade of six (6) or higher in each of the courses. In that case, whether they are full-time or part-time, students are required to attend the specific specialization courses during the same semester.

The Postgraduate Dissertation is submitted in four (4) copies and in electronic form to the Secretariat of the Program. An application for dissertation defence is also submitted to the Secretariat, co-signed by the supervisor. One copy is received by each member of the examination committee and one copy remains at the Secretariat of the Program. The Postgraduate Dissertation has also to be submitted in electronic form to the Library of Piraeus UAS (TEI).

In the Postgraduate Dissertation:
1. Both the purpose and the objects of study are stated and organized.
2. The major research hypotheses of the study are put forward.
3. The theoretical approach to the topic of the study is briefly outlined.
4. The theoretical background of the topic is developed through a critical approach.
5. The Dissertation Literature that has been used by the student, directly or indirectly, using the Harvard University system, is indicated.
6. The major methodological propositions are formulated and documented, concerning the analysis attempted by the student or the working hypotheses created.

The dissertation has to involve research activity and its main body should be at least 25.000 words. In order to ensure originality, postgraduate dissertations and all written assignments, whether completed on a weekly basis or at the end of semester, are subject to inspection to detect plagiarism.

The dissertation defence lasts for one class hour and is conducted publicly. It is assessed by a Three-member Examination Committee, whose members are designated by the Coordinating Committee of Postgraduate Studies for each student, upon recommendation of the Program Director. Examination committee members can be academic staff from Greek or foreign Higher Education Institutions (HEIs), or researchers integrated into accredited Research Centers and Institutes in Greece or abroad, as provided by the respective Law governing Three-member Advisory Committees of Doctoral theses. Postgraduate students’ dissertations may be published in peer-reviewed journals, in accordance with the journal’s publishing rules.

Collective Educational Procedure

In order to facilitate inter-disciplinary policies, avoid overlap in course content, and ensure a high-quality curriculum framework, an assembly has been formed, whose members belong to the teaching staff of the Postgraduate Program. In the case that the Assembly is not able to convene, the Coordinating Committee is responsible for approving by majority:

  • objectives, outlines, and syllabi of the courses
  • students’ objections concerning the exam procedure
  • finalization of examination results


Modification Procedures

By virtue of article 6, par.3 of the Law 3685/2008 and after a proposal by the Department’s General Assembly of Special Composition and approval by the Assembly of Special Composition, the Program of Study can be amended and semester courses can be modified.


Maximum Number of Courses

The maximum number of semester courses that students can attend must not exceed the number of courses offered in the semester they are registered for. This regulation does not apply to students who repeat a course because of failure in the exams.


Credit Transfer

Students are entitled to transfer credit for courses taken at an accredited Postgraduate Program. The number of total credits transferred should not exceed 25% of the number of courses required for the Post-graduate Diploma award. The credit transfer, after the student has submitted an application, requires approval by the Coordinating Committee, upon recommendation of the Professor or the Program Director.


Regulations governing Examinations – Duration of Exam periods

A written exam is held for each course at the end of the semester unless specified otherwise by the course instructor, after the prior consent of the Coordinating Committee. The exam papers are assessed by the course instructor, while some papers may be examined separately if the course was taught by more than one instructor. Students are notified about the examination period and schedule at the commencement of semester.

The exam period lasts for up to two (2) weeks and the exact timetable is issued by the Director of the post-graduate program.


Quality Assessment – Evaluation Criteria

Every Postgraduate Program and its teaching staff are evaluated, according to Law 3374/2005 and the procedures specified by the Hellenic Quality Assurance Agency for Higher Education (‘ADIP’).


Grading System – Graduation

Assessment follows the following grading scale: “Good: 5.00-6.99”, “Very good: 7.00-8.49”, “Excellent: 8.50-10.00”, “Failure: 0-4.99”.

In case of compulsory projects, their presentation must take place before the exam period, so that the grades can be submitted to the Secretariat of the Postgraduate Program before the beginning of the written exams.

Grades should be submitted by the instructors to the Program Secretariat within five (5) days after the completion of the examination period, and they are approved by decision of the teaching staff assembly or the Coordinating Committee. Ten (10) days after the end of the exam period, tests are submitted and kept at the Secretariat.


Graduation Ceremony

Graduates are awarded the Postgraduate Diploma after the swearing-in ceremony, which takes place during the same or subsequent semester, following their final examination results. The date of the ceremony is determined after consultation of the Program Director with the Institution’s Administration.

Academic Staff

Courses and laboratory sessions (where applicable) of the Post-graduate Program, are assigned to tutors who are:

  • Members of teaching staff of the Department of Accounting and Finance, or of other departments of Piraeus University of Applied Sciences (T.E.I.) or other HEIs of the country. Also, retired professors, Emeritus professors, visiting professors, special scientists, and instructors holding a PhD whose subject matter is related to the Program.
  • Researchers from accredited Research Institutes of the country or abroad who have a PhD, as well as considerable scientific or research activity.
  • Distinguished scientists and professionals, who are invited to offer specialized knowledge and expertise in fields related to the Program.
  • Appointed according to the Presidential Decree 407/1980, or lecturers of TEI and ‘ASPETE’ (School of Pedagogical and Technological Education) who possess the qualifications required.


Evaluation of Academic Performance

By virtue of Law 3374/2005 and following the procedures defined by the Hellenic Quality Assurance Agency for Higher Education (‘ADIP’), the Postgraduate Programs of Studies and their Academic staff are subject to evaluation. To this end, members of an Internal Evaluation Committee are appointed to attend to the quality assurance procedures.

The process involves the completion of special questionnaires by students, who keep their anonymity for unbiased results. Before the end of the semester, prior to the exams, all courses and respective tutors are evaluated.  The completed questionnaires are submitted in a special envelope to the Program Director, upon whose recommendation, based on the statistical data collected, the GASC proceeds as provisioned.

Furthermore, the student’s assignments and the dissertation must have an extensive summary/abstract, written in both Greek and English.


Academic Calendar             

The total number of courses (core and elective) that each postgraduate student has to attend is set at twelve (12); they are delivered in four (4) semesters for full-time students.

A Semester  Fall          October -January      4 courses

B Semester  Spring       March -June            4 courses

C Semester  Fall           October – January    4 courses

D  Semester  Spring       March – June          Seminar & Dissertation

or 4 specialization courses

Part-time students are required to attend 2 or 3 courses per semester. The total number of courses they have to attend is twelve (12) and their duration of studies varies from five (5) to eight (8) semesters.

Technological infrastructure

In addition to the overall infrastructure of the Department of Accounting and Finance of Piraeus University of Applied Sciences (T.E.I.), the Program provides also special equipment, as required.

Resources of the Program – Financial Administration

In order to cover operational expenses, postgraduate students pay tuition fees for the duration of their compulsory studies. The amount for each year is set by the Institution’s Council following a proposal by the General Assembly of Special Composition of the Department of Accounting and Finance.

Tuition fees, application fees and grants are the primary sources of revenues. Proceeds from the utilization of educational material prepared or research programs undertaken in the Postgraduate Studies framework, donations, and legacies from public or private entities may constitute an additional type of funding.

Tuition fees are payable in equal installments at the beginning of each semester upon registration. Failure to meet financial obligations may result in the student’s interruption of studies. The decision, based on the Program’s regulations of studies is taken by the Scientific Committee.

The Program Director presents the GASC with the budget and the financial report at the beginning and the end of each academic year, according to the provisions of Law 3685, article 8, par. 3/ Government Gazette 148, issue A/16.7.2008.

Financial management and accounting control of the post-graduate program is conducted by the Special Account of Funds and Research (‘ELKE’) of Piraeus University of Applied Sciences (T.E.I.).

The Secretariat

Secretarial and administrative support to the Program and the bodies operating in its framework may be provided by the Secretariat of the Department of Accounting and Finance or by temporary staff employed on contract.

The Secretariat operates in a computerized environment and its main responsibilities, as provided by the Administrative Services Organization, comprise the following:

  1. Procedures related to the Call for Applications for the Postgraduate Program
  2. Collection of the candidates’ application forms and documents.
  3. Postgraduate student enrollment (after their selection) and registration at the beginning of each semester.
  4. Compiling lists of the Program’s registered students per course.
  5. Keeping students’ academic records and updating them throughout their studies.
  6. Issuing students’ transcripts of records.
  7. Preparation of teaching and exam schedules /timetables
  8. Issuing certificates of all kinds, after the submission of applications. Certificates are signed by the Program Director and stamped by the Registrar.

At the commencement of semester the Secretariat of the Program provides each member of the teaching staff with a list of the students registered for the respective courses.