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Business Economics
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Summary of the Profile
General Description:
Objective(s) of a study programme:
Prepare highly qualified specialists in business economics who have the newest knowledge and practical skills in business economics, that are necessary to solve complex and analytical problems of business organizations, and can apply the economic knowledge and competencies to create the business insights and manage their consequences in the national and global environment.
Learning outcomes:
Knowledge and Its Application:
A1 Has economic knowledge that makes foundation and provides possibility to create originally and/or apply original ideas in the field of scientific economic research
A2 Knows, how to asses economic ideas, evaluate analytical methods critically
A3 Has knowledge that enables to assess critically government's policy and processes of country's, other countries' and global economy
A4 Demonstrates knowledge enabling to assess business resources, their management and make decisions
A5 Knows how to evaluate human resources and organizational management and make decisions
A6 Knows how to assess customers' expectations and means to meet them and make decisions
Research Skills:
B1 Can initiate and be able to control one's and others creation process, raise ideas, assumptions, assess statements, find logical and causal mistakes, determine definitions
B2 Is able to solve atypical complex economic problems in new and unknown business evironment
B3 Can integrate knowledge and solve economicproblems, formulate economic arguments having scarce information and assuming social and ethical responsibility
B4 Is able to systemise and evaluate information got from various informational sources
B5 Can integrate acquired knowledge when seeking to manage complicated atypical economic situations without exhaustive and determined information
Subject–Specific Skills:
C1 Is able to apply interdisciplinary research methods
C2 Can evaluate possibilities and outcomes of economic decisions to business thinking strategically
C3 Is able deeply understand and apply creatively the main economic theories to solve problems in functional areas of business management , strategical management, competitiveness analysis and forecasting, evaluation of development and innovations, value based management, and international business.
C4 Can apply systemic and dynamic attitude towards business transformations when making economic decisions
Social Skills:
D1 Can conduct scientific research individually and in groups, assess group work effectiveness, analyse group formation, delegation and management principles
D2 Is able to assess human expectations and economic contingencies when planning business actions
D3 Is able to convey one's economic knowledge, logics and conclusions clearly and ambitiously to both specialists and non-specialists
Personal Skills:
E1 Is able to comunicate effectively in written and verbal form including ideas presentations and preparation of business reports
E2 Can select perfection direction and develop further by oneself
E3 Is able to think critically and creatively
Activities of teaching and learning:
The material of study modules is presented during auditorium and individual work of the student.Auditorium work includes lectures, exercises, laboratory work, etc. Student's individual work includes his/her time for studying of theoretical material, preparing for lectures, laboratory works, exercises, doing homework and projects, preparing for midterm tests and exams during the semester. The study program ends with a Master thesis. The main teaching methods are following: lectures, workshops, discussions, case studies, group work, reflection activities, visits to companies, problem solving sessions, work with simulation models, etc.
Methods of assessment of learning achievements:
Student's knowledge, abilities and skills acquired by the module are evaluated and recorded in the databases twice during the semester: evaluation of individual works (positive or negative evaluation) and evaluation during the exam in time of session (10-point scale). The main methods of assessment of learning achievements are following: exam, test, essay, colleaques‘ evaluation, report, individual / group work, task of problem solutions, blog, etc.
Framework:
Study subjects (modules), practical training:
Programme workload is 90 credits, the main study modules of the program are following: Forecasting of Business Environment in Global Economy, Development Economics, Sustainable Development Economics, Strategic Management Methodology, Economic Valuation of Innovations, International Economics and Business, Value Based Management and three alternative blocks of electives. The program does not include practice.
Specialisations:
-
Optional courses:
The opportunity to choose from the alternative blocks of study models in the study program.
Distinctive features of a study programme:
A graduate possesses comprehensive knowledge of the latest business economics and business practice, necessary for the formation of the competence adequate to a new situation, ability of comprehensive and analytical problem–solving in business organizations, ability to apply strategic thinking to see business opportunities and implications of national and global environment, to solve a variety of current and strategic business organization problems. The graduate is able to research, organize and manage complex business processes, to assess a number of interacting and changing factors that affect operational effectiveness of the operational performance standards, to adopt innovative solutions based on industry analysis and the research results, evaluating alternative solutions and options for its social and ethical performance consequences.
Access to professional activity or further study:
Access to professional activity:
The graduate can do an analytical, consultative economic job in national and international organizations and are able to create and develop private business.
Access to further study:
The graduates may apply for doctoral studies.
