Applied Economics

Applied economics program is designed for students who wish to apply the theory and techniques of economics to the analysis of practical problems in a variety of fields. The program is for those who are interested in understanding how economic analysis can resolve issues encountered within the business environment. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research and develop problem solving skills needed for business. Aside from incorporating mathematical and logical rigor, the curriculum encompasses important fields like corporate planning, financial economics, international trade and finance and money and banking.

The degree provides students with a strong core of knowledge in economic theory. Students will learn to apply economic theory in the analysis of a wide-array of problems and real life situations. They will develop a deeper understanding of the workings of the economy. Students will understand how different economic agents (such as consumers and producers) interact in the market and how government intervention affects their behavior. Students will develop the skills to identify economic problems and apply critical thinking to find and evaluate solutions.

The program provides advanced fundamental, humanitarian, socio-economic, pedagogical, theoretical and practical training. The program includes:

  • Balancing courses – Mathematics and basics of Modelling; Economics; Russian/Ukrainian language; History and Culture of Ukraine, etc.
  • Humanitarian cycle - Methodology of scientific research, Actual problems of philosophy, Professional foreign language, Higher education and Bologna process, etc.;
  • Cycle of fundamental modules - Economic dynamics, Economic modelling, Applied econometrics, Input-output balance models, etc.;
  • Cycle of applied modules - Industrial Economics, Labour markets, World economy and globalization, Project management, E-commerce, Actuarial calculations, etc.


If you would like to graduate and step directly into the role of a professional economist, this is the degree to choose. This is also the best option for students planning to undertake postgraduate studies in Economics. Recent graduates of Applied Economics have found employment with several government ministries, including The Ministry of Foreign Affairs; with major corporations and with a variety of other firms.

Economists are highly sought after by the private and public sector, big and small firms, large international agencies, schools and universities, economic policy makers, and social organisations. With a Bachelor of Applied Economics, you can join the world of business in one of the careers below.

  • Business Analyst
  • Economic Consultant
  • Energy Research Officer
  • Environmental Economist
  • Financial Policy Advisor
  • Graduate Economist
  • Health Economist
  • International Economist
  • Institution Development Coordinator
  • Lecturer in Economics
  • Microeconomic Analyst
  • Policy Analyst
  • Trainee Dealer