, ▁educational ▁activities ▁are ▁carried ▁out ▁through ▁the ▁new ▁structure ▁of ▁study ▁programs ▁and ▁modules ▁organized ▁on ▁three ▁cycle ▁degree ▁studies : ▁ ▁First ▁cycle ▁studies ▁▁ ▁under grad uate ▁academic ▁studies ▁ ▁under grad uate ▁professional ▁studies . ▁ ▁Second ▁cycle ▁studies ▁▁ ▁Gr adu ate ▁academic ▁studies ▁– ▁Master ▁ ▁Special ist ▁academic ▁studies ▁ ▁Special ist ▁professional ▁studies ▁ ▁International ▁Master ▁Studies ▁– ▁Master ▁of ▁Business ▁Administration ▁– ▁M BA ▁studies ▁ ▁Third ▁cycle ▁studies ▁▁ ▁Doctor al ▁academic ▁studies . ▁Academ ic ▁studies ▁are : ▁ ▁Under grad uate ▁academic ▁studies ▁( First ▁cycle ▁studies ) ▁– ▁last ▁for ▁four ▁years ▁( worth ▁at ▁least ▁ 2 4 0 ▁E CT S ) ▁and ▁after ▁gradu ation ▁a ▁candidate ▁is ▁awarded ▁a ▁Bach elor ▁with ▁Hon ors ▁degree ▁in ▁engineering ▁in ▁a ▁particular ▁field ▁of ▁studies . ▁ ▁Gr adu ate ▁Academ ic ▁Master ▁studies ▁( Second ▁cycle ▁studies ) ▁depending ▁on ▁the ▁completed ▁under grad uate ▁study ▁program , ▁last ▁for ▁one ▁year ▁( worth ▁at ▁least ▁ 6 0 ▁E CT S ), ▁or ▁ 2 ▁years ▁( worth ▁ 1 2 0 ▁E CT S ). ▁A ▁candidate ▁is ▁awarded ▁a ▁master ' s ▁degree ▁in ▁engineering ▁or ▁master ' s ▁degree ▁in ▁Arts ▁in ▁particular ▁field ▁of ▁studies . ▁ ▁Gr adu ate ▁Academ ic ▁Special ist ▁studies ▁( Second ▁cycle ▁studies ) ▁depending ▁on ▁the ▁completed ▁under grad uate ▁study ▁program , ▁last ▁for ▁one ▁year ▁( worth ▁at ▁least ▁ 6 0 ▁E