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Economics
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Summary of the Profile
General Description:
Objective(s) of a study program:
The main goal of the economic studies program is to prepare skilled economists for the companies, able to analyze, evaluate and predict the company’s activity, to develop its strategy and carry out the control of company's activity.
Learning outcomes:
1. Knows the social, humanitarian and other scientific principles and understands the peculiarities of their application in the analysis of an entity issues and decision-making.
2. Has the latest knowledge of economic theory and analysis methods and is able to apply them in practice of the economist and applied researches.
3. Able to using primary and secondary data sources to collect, analyze and interpret economic data, applying modern information technologies and their capabilities.
4. Able to select and apply effective methods of research during the analysis of economic phenomena and solving specific economic problems, and to perform the practice-oriented research.
5. Able to plan and organize the entity's economic, financial and investment activities, guided by the entity in regulating standards and acts, manage the economic information, self-organizing information for collecting primary and secondary data and applying the modern economic information processing methods, techniques and tools.
6. Able to prepare performance management (internal) and statistical reports, taking into account the specificity of consumers of economic information.
7. Able to analyze and evaluate the economic entities acting the national and international markets, economic, financial and investment performance indicators and submit proposals to the economic entity's performance improvement.
8. Able to predict the entity's economic, financial and investment activities to control entity action plans and the availability of material, labor and financial resources efficiency.
9. Able to smoothly and suggestively express themselves orally and in writing, to communicate effectively and tolerant in the professional environment in Lithuanian and foreign language.
10. Able to work in a team, solving professional tasks, efficiently and effectively communicate and collaborate.
11. Able to solve independently and reasonably the problems in practice, applying analytical and logical skills, be creative, entrepreneurial and proactive.
12. Able to organize own work and self-improvement of qualifications, think logical and critical, to be responsible and develop a professional attitude to business.
Activities of teaching and learning:
It is used both traditional and innovative teaching and learning methods: lectures, seminars, discussions, individual and group tasks, the presentation of results, case analysis, design and other works.
Methods of assessment of learning achievements:
Evaluation of study and practice results of the course is performed during whole semester and during exam session by using the accumulative assessment and individual cumulative index.
Framework:
Study subjects (modules), practical training:
Study area extent of subjects - 140 credits.
Theory of economics, Micro-macroeconomics analysis, international economics, economic statistics, basics of research works, technologies of informatics, fundamentals of management, business economics, economy of investments, financial basics, marketing basics, law, business economics course paper, logistics, regional economics, banking, personnel health and safety, accounting, planning of enterprise activity, pricing, taxation, auditing. Students selecting the specialization of economic analysis are studying economic analysis, economic evaluation of the business, econometrics, public regulation of economics. And those selecting the specialization of finance are studying corporate financial management, financial analysis, public finance, financial markets and institutions.
There are three stages of practice: cognitive practice, professional practice, the final professional practice.
Specializations:
1. Finance
2. Economics analysis
Optional courses:
There is possibility to choose one of two specializations.
Optional subjects: psychology, human resources management, production management, organizational behaviour, total quality management, advertising basics, documentation of activities and so on.
Distinctive features of the study program:
This program stands out in such specificity that it forms broad range specialists - economists, who are focused on the broader activity of market entities.
The College established SIMULITH centre gives the opportunity for students to practice in a professional business training firm Biurometa. During the training in this firm students work in different company’s departments (finance - accounting, purchasing, sales - marketing, and personnel) and simulate the actual business - financial performance of the enterprise. Students have access to actual documents, implement their own ideas and plans, and get to experience the real company business practices, collaborate with other Lithuanian and foreign practical training companies.
During the studies students learn about the modelling of economic processes ECOSYS. These simulation activities are aimed to make students aware of inter-working principles among the government, businesses, households and media; and to learn to make short-term and long-term strategic decisions that affect the sustainable development of the state; also give understanding and knowledge of the calculation and assessment of key economic indicators; develop students' abilities to work in a team, discuss and present ideas convincingly.
Studies in the college help to strengthen personal qualities necessary for successful work of the economist: logical-analytical thinking, responsibility, creativity, entrepreneurship and other characteristics.
Access to professional activity or further study:
Access to professional activity:
Acquiring the qualification of economist, the person can work as economist, financier, analysts, bankers and accountant in private or public enterprises and their divisions, self-governed economic and financial institutions, investment management companies.
Access to further study:
Graduates can pursue the inclusion of studies results when applying to the university undergraduate programs, or after additional training have the possibility to obtain Master's degree.
