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Economics
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Summary of the Profile
Objective(s) of a study programme:
To provide economic knowledge and practical skills necessary for the analysis and evaluation of economic processes, with an emphasis on the ability to apply economic knowledge in a complex manner, conduct empirically grounded research, and make data-driven decisions in both national and international contexts.
Description of the study programme: https://admissions.ktu.edu/programme/b-economics/
Learning outcomes:
Knowledge and its application:
Able to describe the classical and modern theories of economics and other sciences, analytical methods, possibilities of their application when evaluating economic problems from the interdisciplinary perspective.
Able to apply mathematical, economic statistics and econometric methods and information technologies when collecting qualitative and quantitative data, processing and presenting the interpretation of economic problems and their reasons.
Defines and describes the principles of economic theories while analysing and evaluating economic processes from the perspective of integrated professional activity.
Research skills:
Able to make research applying the methods of economic analysis, systemic approach and constructive attitude.
Able to gather and process qualitative and quantitative data, using techniques to manage, explain and interpret the collected data.
Able to interpret the research results by modelling solutions of economic problems and providing a reasoned insights in the changing environment.
Special abilities:
Able to analyse and evaluate the performance and decision-making of economic entities in the national and international context by integrating fundamental economic concepts and multidisciplinary approach.
Able to evaluate and forecast the economic changes at the organization's, national and international levels using qualitative and quantitative analysis and methods.
Able to argue the possibilities and limitations of applying the theories and models of economics to solve multidisciplinary problems.
Social skills:
Able to communicate and co-operate with specialists and society; orally and in writing present coherent and comprehensive economic knowledge, results of research in the professional and multidisciplinary environment.
Able to work in traditional/virtual groups and interdisciplinary team following professional ethics and principals of social responsibility; able to communicate at least in one foreign language.
Personal abilities:
Able to determine learning needs and study autonomously in order to improve professional qualification in the context of lifelong learning.
Able to demonstrate professional and ethical behavior, creativeness and innovative attitudes when proposing solutions to economic problems, by understanding their ethic and social consequences in the context of sustainable development.
Activities of teaching and learning:
The studies include classroom work (lectures, practical work, laboratory work, seminars, outgoing visits to enterprises, etc.) and individual work for mastering theoretical material, preparation for classroom work, intermediate and final assessments and performing other activities. The studies of each study module are completed by the assessment of the student’s knowledge and skills – an examination or another final assessment; the study programme is completed by the final degree project and its defence.
Methods of assessment of learning achievements:
The applied cumulative assessment system of the learning outcomes ensures constant and involving work of students during the entire semester of studies; the final evaluation of the study module consists of the sum of the grades of intermediate assessments and the final assessment multiplied by the weighting coefficients (percentages of components).
Study subjects (modules):
Informatics 1, Introduction to Economics, Mathematics 1, Microeconomics 1, Economic Statistics, Management, Mathematics 2, Microeconomics 2, Basics of Accounting, Econometrics, Fundamentals of Marketing, History of Economic Thought, Macroeconomics 1, Business Intelligence and Data Mining, Business Law, Fundamentals of Finance, Macroeconomics 2, Public Economics, Data
Analytics, International Economics, International Financial Settlements, International Logistics, Regional Economics, Basics of Investment, Social Responsibility of Enterprise, Tax Systems, Applied Financial Analysis, Business Ethics, Economic Simulation, Economics of International Integration, International Trade Operations, Bachelor’s Degree Final Project, Professional Internship.
Electives of Philosophy and Sustainable Development: Media Philosophy, Sustainable Development;
Electives: Product Development Project, Semester Project;
Foreign Language Electives (Level C1): Academic and Technical Communication in English (Level C1), Academic and Technical Communication in German (Level C1), Academic and Technical Communication in French (Level C1).
Study programme abstract:
A graduate has the latest knowledge of economy, is able to apply the economic models and analytical methods at the global, regional and national levels, determine the market/industrial indicators, collect and organise qualitative and quantitative data required for companies and countries to solve economic problems and forecast changes. The graduate is able to constructively discuss and responsibly work in traditional and virtual working groups, and communicate with professionals and society.
Access to professional activity:
The graduate can work at the national and regional economic organisations, public sector institutions (tax authorities, municipalities, ministries and embassies), banks, financial, industrial, service and trade enterprises or establish and develop a private business.
Access to further study:
S/he has access to the second cycle studies.
