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Economics
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Summary of the Profile
General Description:
Objective(s) of a study programme:
To prepare competent economic specialists who are able to apply theoretical economic knowledge practically, to think analytically, creatively and critically, to evaluate situations, and to analyze the changing economic environment at the local and international levels, applying both traditional and innovative quantitative and qualitative methods of economic analysis.
Learning outcomes: Students will/will be able to:
1. Recognize economic theories and understand the basic principles of economics, changes in the economic system, and apply the acquired knowledge to the analysis and integration of phenomena related to professional activities into economic decisions. 2. Apply theories from finance, management, marketing, and other social sciences, as well as their knowledge of economics, to the interdisciplinary study of economic problems at the micro and macro levels. 3. Collect and analyze data, integrate them when solving practical economic problems at micro and macro levels, identify, explain and properly evaluate economic processes taking place in organizations, countries and the world, using quantitative and qualitative research methods. 4. Critically evaluate and interpret data, research, and information necessary to solve general and specific economic, business, and social problems at the business, organizational, national, and international levels, formulate conclusions, and make recommendations. 5. Properly perform professional activities, applying quantitative and qualitative research methods, prepare reports based on data and make recommendations for decisions at the level of organizations, economic activities, sectors, regions and the country. 6. Analyze economic situations and decisions in different markets, taking into account global processes and the macroeconomic environment. 7. Communicate and discuss current economic issues, convey information, and present economic assessments, ideas, and business and social problems individually and in groups to a variety of audiences, while adhering to professional ethics. 8. Make and take responsibility for decisions in a diverse environment, plan, adapt and improve learning and work skills, and evaluate the results of professional activities
Activities of teaching and learning:
Lectures, seminars, discussions, debates, individual and group research assignments, presentation of their results, independent written work
Methods of assessment of learning achievements:
Assessment of individual and group tasks and their presentation, assessment of problem analysis, assessment of case studies, colloquium, exam. The assessment principles comply with the VMU Study Regulations.
Framework:
Study subjects (modules), practical training:
Internship: 1. Economics Educational Practice (4 ECTS) 2. Economics Qualification Practice (11 ECTS) Subjects of the study field: 1. Microeconomics (6 ECTS) 2. Fundamentals of Finance (6 ECTS) 3. Macroeconomics (6 ECTS) 4. Principals of Programming for Economists (6 ECTS) 5. Microeconomics II (6 ECTS) 6. Financial Accounting and Reporting (6 ECTS) 7. Macroeconomics II (6 ECTS) 8. Applied Econometrics (6 ECTS) 9. Public Finance (4 ECTS) 10. Industrial Organization (4 ECTS) 11. Economic Forecasting (4 ECTS) 12. International Economics (4 ECTS) 13. Financial Calculation (6 ECTS) 14. Economics of Integration (6 ECTS) 15. Managerial Economics (6 ECTS) 16. Behavioral Economics (4 ECTS) 17. Labour Economics (6 ECTS) Research: 1. Economics Term Paper No. 1 (4 ECTS) 2. Economics Term Paper No. 2 (4 ECTS) 3. Bachelor Thesis in Economics (15 ECTS)
Specialisations
Business Economics Public Sector Economics Bioeconomics
Optional courses:
All subjects according to the relevant specialization: Subjects of the specialization "Business Economics": 1. Management Accounting (6 ECTS) 2. Strategic Management (6 ECTS) 3. Investment and Risk (6 ECTS) 4. Business Finance Management (6 ECTS) 5. Financial Modelling (6 ECTS) Subjects of the specialization "Public Sector Economics": 1. Demography (6 ECTS) 2. Strategic Management (6 ECTS) 3. Accounting in Public Sector (6 ECTS) 4. Introduction to Public Administration (6 ECTS) 5. Environmental Economics (6 ECTS) Subjects of the specialization "Bioeconomics": 1. Basics of Circular Economy (6 ECTS) 2. Strategic Management (6 ECTS) 3. Environmental Economics (3 ECTS) 4. Planning and Modelling of Bio-business (6 ECTS) 5. Bioeconomy Development (4 ECTS) 6. Environmental Engineering (5 ECTS)
Distinctive features of a study programme:
1. The program aims to prepare competent economic specialists who are able to think analytically, creatively and critically, and apply theoretical economic knowledge in practice. 2. The specializations offered in the program provide students with the opportunity to deepen their knowledge and skills in the chosen field.
Access to professional activity or further study:
Access to professional activity:
Upon completion of the Bachelor of Economics degree, a student will be able to work in governmental and non-governmental organizations and agencies, business enterprises, and banks.
Access to further study:
After graduation with a Bachelor's degree in Economics, students can continue their studies in Master's programs in International Economics, Finance, etc. at VMU and other universities in Lithuania and other countries.
