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Economics Engineering
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Summary of the Profile
General Description: Objective(s) of a study programme: Prepare a master of Economics who can adapt and use the latest knowledge of economic theories, economic process management and economics engineering science. To form, assess and independently make effective decisions in economic analysis based on systematic, critical and constructive thinking; to create and (or) adapt modern models of economic forecast and the methods of research in practice; to assess economic phenomena under the conditions of risk and uncertainty; invoking the novelties of science and technologies; and following the principles of sustainable development.
Learning outcomes: - The knowledge of social and applied sciences, which students can apply in the complex analysis and assessment of theoretical processes in economics engineering and professional activities under uncertainty, developing a basis for creating and (or) using original ideas in the context of scientific research in Economics. - The application knowledge of classical economics theories and models, engineering sciences, and inter-discipline research, which students can apply effectively in solving problems in national economic policy and other country's international operations, business management, and functional fields in a dynamic environment. - Knowledge of the latest economics models and interdisciplinary research methods, their possibilities and limitations. Activities of teaching and learning: Teaching and training (learning) forms such as problem teaching, problem-conversation/discussions considering the situation, case studies, problem-based tasks, interactive (computerized) tasks, critical thinking and discussions, presentations of the results of the carried out independent tasks, paper writing, course works / projects, complex projects development and evaluation, project development, individual and group (team) work, brainstorming, maps of ideas, concepts and knowledge, the expert method, etc. have been taking place. Methods of assessment of learning achievements: Oral testing methods (individual, frontal survey), testing methods in writing (questionnaire, tests, control works, computerized assessment tasks, etc.), practical testing methods (exams, reports, course works/projects, complex projects, etc.) are applied to check
whether students have achieved provided learning outcomes. For assessing abilities to problem-solve, various evaluation methods are employed and cover the observation of group and individual presentations, conversation, report analysis, testing with the help of asking open or semi-open questions, etc. Framework: Study subjects (modules), practical training: The second-cycle (Master's degree) study programme comprises three target parts: subjects of the field of study, the subjects set by the university (compulsory and optional subjects), and the final thesis. Compulsory subjects consist of the course units required for practical activity after graduation. Optional subjects are made of alternatives, providing a more profound knowledge of specific course units, which is helpful for professional activities. The topics of course units do not reiterate and are logically arranged. 6 credits are required for research activity practice, which is a complex part of the studying process provided in the specialization of the study program. Practice is performed in Lithuanian and foreign organizations. Specialisations: Global Economics Economic and Business Analytics Optional courses: Students who choose Economic and Business Analytics can delve into these subjects of study: Behavioural Economics, Applied Economics, Big Data Technologies, Operations Research, Contemporary Economies, and Engineering of Economic Solutions. Students who choose Global Economics can delve into these study subjects: Behavioural Economics, Global Economy, Social Economy, International Economics and
Geopolitics, Contemporary Economy, and Regional Comparative Economies. Distinctive features of a study programme: Lecturers from various countries are invited to convey the latest scientific and technological developments to the students. Study program Economics Engineering by its structure and content is unique and oriented to meet the requirements of modern business institution activities and development. The study program is meant to prepare specialists who can identify and analyse local and international business problems globally to make innovative and economically effective decisions by successfully applying information technology. Access to professional activity or further study: Access to professional activity: Graduates can work as specialists in economics in the international and national organizations. Graduates can conduct scientific and applied research independently, formulate solutions to problems, make valid economic decisions in risk, service, and global economics, and have access to postgraduate (doctoral) studies. Graduates can work in high-profile international and national companies, foreign capital companies, and foreign trade. (for example, Cognizant, Technopolis, Euromonitor International, Mars Lietuva; Bentley Systems; Adform, Thermo Fisher Scientific, Circle K Lietuva; LIDL Lietuva; Maxima LT; Rimi Lietuva; Rivona; service canters: Western Union Processing Lithuania; Danske Bank, NASDAQ, banks: Swedbank, SEB Bank, Luminor; State and public institutions: Agency for Science, Innovation and Technology, Innovation Agency Lithuania, Versli Lietuva; INVEGA; Ministry of the Economy and Innovation Ministry of Finance of the
Republic of Lithuania; embassies; European Union institutions and others). Access to further study: After completing their studies, graduates have the opportunity to do an internship in a chosen company in the European Union under the Erasmus+ program. Access to postgraduate (Doctoral) studies after finishing the Economics Engineering Master's programme.
