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Economics
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Summary of the Profile
General Description:
Objective(s) of a study programme:
To prepare highly qualified specialists in economics who are able to apply the latest knowledge of economics and research methodology in a systematic and independent manner, to evaluate the outcomes of economic policy critically at national and international levels, to model and forecast the impact of economic decision in interdisciplinary context and to conduct economic research grounded in scientific reasoning, following the requirements for sustainable development and ethics.
Learning outcomes:
Knowledge and Its Application:
A1 Knows, applies and evaluates the theories of economics and other social sciences in complex and uncertain circumstances by taking social and ethical responsibility in professional activities and their changes.
A2 Has economic knowledge based on fundamental and applied research and is able to simulate the original ideas in economic research.
A3 Is able to apply economic theories by critically evaluating the impact of macroeconomic policy and its instruments and solving the problems of multidisciplinary and/or business functional areas in the global or unknown environment.
A4 Have knowledge of recent economic models and interdisciplinary research methods, their possibilities and limitations induced by the changes in the environment
Research Skills:
B1 Ability to analyze and critically evaluate the economic ideas and proposals, formulate economic arguments and assumptions and apply economic models and theories in applied and interdisciplinary research
B2 Ability to gather, systemize and evaluate a wide range of sources of information, necessary to the research performance and alternative economic decision-making
B3 Ability to integrate knowledge of economics and to manage the complex macroeconomic situations and make decisions in the absence of detailed and defined information
B4 Ability to integrate economic knowledge and manage difficult economic situations innovately in the functional areas of business management and decision-making in the absence of detailed and defined information
B5 Ability to initiate, organize, self-made research and interpret the results of a multidisciplinary approach in the national and international perspective
Subject–Specific Skills:
C1 Ability to think strategically when making economic decisions under uncertainty, using innovations and in combining of a few disciplines knowledge in accordance with the principals of social responsibility
C2 Ability to assess the expectations and uncertainties in the planning of economic activities and interdisciplinary aspects of the functional areas of business management in global macro environment
C3 Ability to think creatively and systematically by assessing and developing new information, organizational-management measures for economic decisions and research
C4 Ability to apply classical and modern instruments of economic analysis, focused on data analytics methods and and evaluation of economics challenges in the international context
Social Skills:
D1 Ability to effectively, smoothly and powerfully communicate orally and in writing at least in one foreign language with economic experts and other stakeholders, to discuss relevant economic theory and practice problems, including the presentation of ideas, business reporting, consulting and expert evaluation
D2 Ability to work in interdisciplinary team, generate new ideas and absorb, select and implement ideas of other team members, in accordance with professional ethics and citizenship in both the national and international context
D3 Ability to independently organize the activities and preparation of projects, manage their implementation, assess the effectiveness of these activities
D4 Ability to analyze achievements in economics and participate in discussions about their influence on environment and sustainable development
Personal Skills:
E1 Ability to independently make decisions in complex and uncertain situations
E2 Ability to independently initiate, lead professional activity, choose the direction and continuity of self-developing
E3 Able to demonstrate a critical, systematic and strategic thinking skills in making innovative solutions on the basis of feasibility and effectiveness of decisions, perception of moral and social responsibility for the activities and its ethical implications
E4 Ability to critically evaluate and select the most appropriate use of national and international sources of information, to ensure the confidentiality of the information
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, etc. Student's individual work includes his/her time for studying of theoretical material, preparing for lectures, 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 120 credits, the main study modules of the program are following: Macroeconomic Policy, Economic Assessment of Innovations, The Transaction Economy, Macroeconomic Forecasting, Research Methodology, International Economics and Business, , Research Project, The Competitiveness of the EU Economy, Strategic Management Methodology, Multivariate Statistical Models and alternative blocks of electives. The program does not include practice.
Specialisations:
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Optional courses:
The opportunity to choose from the alternative blocks of study models in the study program.
Distinctive features of a study programme:
On completion of the study programme, students acquire the competences to analyse and model data, to evaluate macroeconomic policy in the national and global business environment, to manage international trade operations, to make financial and investment decisions in the global markets. These competences are necessary for modern highly-qualified specialist in economics. These professionals are having high demand in the consulting businesses, various sectors of industry, wholesale trade, logistics, banking sector.
Access to professional activity or further study:
Access to professional activity:
The graduates have a wide range of possibilities to pursue their career in business or public organisations in Lithuania and abroad, to continue their studies in doctoral programmes or to establish and manage their own businesses.
Access to further study:
The graduates may apply for doctoral studies.
