Economics

The goal of the program is to provide graduates with advanced knowledge and skills in the field of applied economics and business administration. The graduates of the program demonstrate a deep understanding of economic theory, business processes, entrepreneurship, and strategic resource management that gives a range of opportunities to pursue a career in the government sector, corporations, and research institutions. In the first and second semesters, students gain in-depth expertise in such areas as advanced macroeconomics and microeconomics, managerial economics, business statistics and analysis, international business, and resource management. In the third and fourth semesters, students choose eight modules, including five subjects related to the major field of study and three subjects focused on specific managerial and social skills. The freedom to choose elective subjects from the offered set allows students to shape their paths of professional development and get valuable experience beyond the scope of the major field of study. According to ECTS, the student receives credits after passing the particular components of the program covered by the curriculum.

Students gain in-depth expertise in such areas as economic policy, advanced macroeconomics, resource management, public finance, business law and taxation, and international business.

Students gain knowledge of new tendencies and innovative forms in economic activity, the application of modern technologies and expertise in business, as well as discover the potential of communication and cooperation in the process of creating innovations.

Students learn mathematical statistics, modeling, and forecasting techniques for research and data analysis. They use sophisticated statistical software to build analytical models and forecast behavior of business entities.

Students learn mathematical statistics, modeling, and forecasting techniques for research and data analysis. They use sophisticated statistical software to build analytical models and forecast behavior of business entities.

Students master their leadership potential by acquiring extensive knowledge of business ethics, organizational behavior, and human resource management.

The student is expected to fulfill the entrance requirements and submit necessary documents to be enrolled in the first year of studies.

1. Application form
2. Motivation letter
3. Copy passport/ID card
4. Bachelor’s diploma and grades transcript
5. English language certificate – in exceptional cases, language proficiency can be verified by an interview organized by the University.
6. In the case of non-EU nationals, the visa invitation will be issued after they are enrolled in the first year of studies and proceed with a payment for the first semester of studies.

The graduates of the program gain a unique combination of knowledge, professional and social skills, including:

• advanced knowledge of economic theory explaining complex processes occurring in economies and businesses,
• in-depth understanding of methods and instruments of economic modeling and data analysis for business decision-making and management of economic resources.
• a thorough understanding of the economic behavior of individuals, groups, and business entities on the local, regional and national levels of an organization,
• knowledge of business processes and principles of entrepreneurship,
• understanding of the forms of intellectual property law and its relationship to the national and international legal environment, and business ethics,
• skills in the application of acquired knowledge for the interpretation and solution of complex problems on different levels of business organization,
• skills of effective communication, cooperating and coworking as well as taking responsibility in the business decision-making process,
• skills in initiating social projects aiming to promote entrepreneurship and economic development,
• awareness of principles of business ethics, mission and tasks of the economist in a business environment,
• recognition of the importance of knowledge in professional life, the ability to analyze and search for external sources of knowledge.

The graduates can take various positions in government, non-government, and business sectors, research institutions, or start their businesses. Advanced knowledge of economics, business, and strategy makes the graduates capable of elaborating on sophisticated economic modeling and analysis, support the business decision-making process, and conduct high-quality academic research. Furthermore, extended managerial and social skills and language proficiency offer the graduates an opportunity to become team leaders and run independent business projects in the international environment. Besides, having gained a broad knowledge of scientific research methods, graduates can undertake post-graduate and doctoral studies.

As an option, during the second year, students can participate in international exchange or be enrolled in a master’s program at one of the foreign partner universities and obtain a second degree in the relevant field abroad.

The program requires preparing a thesis by the graduate under the supervision of an experienced academic researcher. In the thesis, the graduate is expected to focus on the application of acquired theoretical knowledge for the solution of practical issues related to the management of economic resources, decision-making, analysis, and business development, considering both the national and international context.