Economics and Business Management

The study programme is designed in a multidimensional and modular way, progressing from general to specific knowledge in: economic analysis and policy; economic theory, economic policy and development, fiscal economics, monetary economics, international economics; entrepreneurship, marketing, management, trade, accounting, auditing, business finance, actuarial science, operations research, statistics, informatics, econometrics and quantitative finance.

The objectives of the programme are to prepare future graduate economists to be able to:

• independently or as part of a team, successfully perform tasks in economics - particularly in finance, banking, insurance, accounting and auditing, international economics, management, entrepreneurship and quantitative economics;
• analyse the effects of endogenous and exogenous factors affecting business and other complex organisational systems, and make decisions using economic theory and scientific decision-making methods;
• continue their studies at the second cycle (master's) level.

Structure of the Study Programme

The first-cycle programme in Economics and Business Management lasts four academic years and carries 240 ECTS points. It is a unique, comprehensive programme, designed in line with the latest developments in economic science, the practices of leading faculties in Europe and worldwide, and the needs of our economy and society.

The programme is structured to be complete, comprehensive and aligned with the Faculty's other programmes (first, second and third cycle) according to the 4 + 1 + 3 model.

The first three years are common to all students and provide foundational knowledge, skills and competencies for graduate economists. The fourth year is specialised, dedicated to particular professional disciplines in business economics and management, providing narrower expertise aligned to the chosen track.

Academic Title

Upon completion of the first cycle, the student is awarded the academic title of Bachelor of Science in Economics - 240 ECTS, with an indication of the department/track.

Students will acquire qualifications demonstrating foundational and specific knowledge of economics, applicable to solving problems of business decision-making and managing organisational systems. They will successfully apply micro- and macroeconomic analysis tools, be able to start their own business independently or as a team, and build motivation for continued study at the second cycle.

Year 1

Semester 1

• Principles of Economics
• Business Economics
• Business Informatics
• Mathematics for Economists

Semester 2

• Business Law
• Statistics
• Financial Accounting
• Management

Year 2

Semester 3

• Microeconomics
• Monetary and Public Finance
• Management Accounting
• Elective 1*

Semester 4

• Macroeconomics
• International Economic Relations
• Financial Management
• Financial Mathematics

* Elective 1 - choose one of: Organisation, Sociology for Economists, Economic Doctrines, Business Culture and Ethics.

Year 3

Semester 5

• Marketing
• Auditing
• Entrepreneurial Economics
• Elective 2 (foreign language)**
• Professional Internship

Semester 6

• Theory and Policy of Economic Development
• Economic-Mathematical Models and Methods
• Human Resource Management
• Elective 3 (foreign language)***
• Professional Internship

** Choose one of: English, German or Russian. *** Choose one of: English, German or Russian.

Year 4 (Semesters 7-8)

In the fourth year, students choose one of the offered departments and, where available, one of its tracks.

Department: Finance, Banking and Insurance

• Track: Accounting and Auditing
• Track: Financial Management, Banking and Insurance

Department: International Economics

Department: Business Economics

• Track: Management and Entrepreneurship

Department: Quantitative Analysis

The study programme opens a wide range of career opportunities - from accounting and finance, through banking and insurance, to marketing and management. Below are some of the jobs you will be qualified for after graduation.

Accounting, Auditing and Financial Management

• Accountant - responsible for keeping accounting records, preparing financial statements and analysing costs. Ensures accurate and timely recording of all business transactions and compliance with legal regulations.
• Auditor - examines financial statements and business processes, ensuring compliance with laws and standards. Identifies irregularities and provides recommendations for improving internal controls.
• Financial Analyst - analyses financial data to support investment and business decisions. Prepares reports and recommendations for management.
• Tax Advisor - helps companies and individuals plan tax obligations and optimise their tax burden.
• Forensic Accountant - investigates potential financial fraud and abuse, analysing transactions to uncover irregularities and provide evidence for legal proceedings.

Finance, Banking and Insurance

• Bank Officer - works on lending, payment operations and investments, advises clients on banking products.
• Investment Advisor - provides financial advice on investing and capital management, analyses market trends.
• Risk Manager - analyses financial risks in banks and insurance companies and proposes mitigation measures.
• Insurance Agent - sells insurance and advises clients on choosing the right policy.
• Financial Manager - manages a company's finances, including budgeting and liquidity planning.

International Economics and Foreign Trade

• Associate for Multilateral Trade Relations - prepares materials for negotiating and concluding trade agreements, protocols and cooperation memoranda; monitors and analyses their implementation.
• Associate for Customs Policy - monitors laws and regulations on customs policy, participates in harmonising regulations with EU standards.

Marketing

• Marketing Manager - runs marketing campaigns, analyses the market and develops brand strategies.
• Market Analyst - researches customers, competitors and trends to better position products.
• Brand Manager - develops and oversees the brand's image and recognition across all marketing channels.
• Sales Manager - leads the sales team, sets sales strategies and monitors performance.

Management and Organisation

• Business Consultant - helps companies improve their operations by analysing existing processes and providing recommendations.
• HR Manager - manages recruitment, training and employee development; develops strategies for motivation and talent retention.
• Project Manager - plans, organises and oversees project delivery within deadlines and budget.
• Operations Manager - oversees and optimises day-to-day operations to ensure efficiency and achieve strategic goals.