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Economics
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Summary of the Profile
General Description:
Objective(s) of a study programme:
To educate high qualification systematically thinking specialists of economics who, applying wide scope recent knowledge on economics science as well as interdisciplinary research methods and modelling techniques, are able to analyse and creatively solve atypical economic problems under conditions of uncertainty at the enterprise, national and international levels.
Learning outcomes:
Generic competencies developed:
Communication skills. Ability to carry out scientific research individually and in team, to apply principles of team-building and management. Ability to independently take decisions in complex and undefined situations. Ability to adapt to continuously changing situations. Skills of analytic, systemic, critical and creative thinking. Ability to solve problems and work in group, to independently plan one’s learning process, to choose the development direction and continue one‘s education independently. Ability to critically assess and professionally select the most suitable national and international information sources thus ensuring reliability and confidentiality of information.
Subject specific competencies developed:
A deep understanding of the theories of economics, financial analysis and related interdisciplinary theories necessary for applied research and will be able to apply them creatively. Ability to apply contemporary research methods and modelling techniques when critically assessing and forecasting various tendencies of economic development, ability to prepare and deliver reports on research. Ability to generate and verify scientific hypotheses, to conduct integrated research and critical evaluation of economic-social environment, enterprise activity, the processes of innovations, and various markets using contemporary information technologies. Ability to model and economically reason the alternatives of solutions for activity improvement. Ability to plan and evaluate effectively the provision of resources and possibilities of their usage on the level of enterprise as well as on regional, national and international levels. Ability to make economically reasoned decisions creatively in constantly changing global environment.
Learning outcomes:
Applying the latest theories of Economics, Financial Analysis and the related interdisciplinary theories as well as using modern information technologies, graduates will be able to independently conduct applied research, prepare and submit research reports, design cost-based alternatives for the performance improvement, to comprehensively analyse and critically assess the economic-social environment and the performance of the enterprise, the innovation processes, various markets. They will be able to efficiently plan and assess the resources as well as the possibilities of their use at the local, regional, national and international level. They will be able to manage their own and others’ work processes, to creatively take economically feasible decisions in changing global environment.
Activities of teaching and learning:
To develop subject-specific skills, methods of economic and econometric analysis are applied; they enable deepening of the abilities to systematise and interpret data of economic information. Active methods are used: case analysis, interactive simulation business models, project method, group work, inquiry-based learning, etc. To develop social and personal abilities, the following methods are applied: panel or group discussion, mind mapping, team and individual work, business simulations, expertise, opposition methods etc. Application of different teaching methods expands students’ abilities to communicate with businessmen, economists and representatives of other professions in generating ideas, identifying problems or making decisions.
Methods of assessment of learning achievements:
The main methods of learning outcomes assessment: group or individual homework, presentation of the results of a situation or case analysis, exam, written work, individual presentation / defense of a research report, colloquium, problem-solving tasks, preparation of a scientific article.
Study subjects (modules), practical training:
The program consists of subject two groups:
• Compulsory subjects of the study field (75 credits) include disciplines that deepen and expand the knowledge and skills necessary for a highly qualified economic analyst: Microeconomic Analysis, Business Finance Analysis and Modeling, Macroeconomic Analysis, Global Economics: Theories and their Application, Econometric Analysis, Methodology of economic research, Econometric models of time series. The master thesis project and the Master's thesis deepen scientific / expert / analytical competence, form the ability to research, analyze, evaluate economic problems and argue their solutions.
• Elective subjects of the study field (15 credits) are intended to supplement and deepen the knowledge and skills of the chosen field of study, which strengthen economic research (Cost-benefit analysis, Assessment of modern economic crises, Regional development economic assessment), Financial management (Investor behavior, Financial markets analysis, Analysis of International Finance) and economic evaluation of companies' activities (Corporate Social Responsibility, Business Process Assessment and Management Systems, Innovation Economics).
Specialisations:
Optional courses:
Elective subjects of the study field (15 credits) are intended to supplement and deepen the knowledge and skills of the chosen field of study, which strengthen economic research (Cost-benefit analysis, Assessment of modern economic crises, Regional development economic assessment), Financial management (Investor behavior, Financial markets analysis, Analysis of International Finance) and economic evaluation of companies' activities (Corporate Social Responsibility, Business Process Assessment and Management Systems, Innovation Economics).
Distinctive features of a study programme:
The program is distinguished by the fact that the aim and anticipated learning outcomes are oriented towards education of a broad profile expert of Economics. The content of the Programme is oriented towards modelling of practical skills, evaluation of economic effects of various business solutions enabling to increase the competitive advantages of country and enterprises. Students can choose a distance learning form. Students can choose a study program in Lithuanian or English.
Access to professional activity or further study:
Access to professional activity:
Graduates can work as the head specialist of economics, analyst or occupy executive's position in industry, trade, transport, communications, banking and finance sectors, in marketing, business administration areas, as well as in state or international institutions, other institutions. Economists can advise politicians, pursue a career in politics or public administration, work as teachers in higher education, and continue doctoral studies.
Access to further study:
Can apply for admission to third-cycle degree programmes.
