Economic Courses

Finances, Banking and Insurance

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.

Tourism Management

Bachelor of Science in Tourism Management is a four-year college course recommended for people who wants to have a career in the field of Tourism and Event Management. This course leads to expertise in management of tour-operating agencies, as well as other jobs in the tourism and hospitality sector.

Innovation Management

Innovation management is the process of capturing and managing organizational innovation.

Innovation management describes the decisions, activities, and practices that move an idea to realization for the purpose of generating business value. It is managing the investment in creating new opportunities for generating customer value that are needed to sustain and grow the business or company.

Generally, innovation investment focuses on the development of new products, services, or technologies. However, the types of innovation that can enhance business results go well beyond these, including changes to a company's business model. Identifying and making these investments successfully and repeatedly constitutes the key objective of innovation management.

Today many companies have organization-wide innovation management programmes. This is due to increased recognition that innovation is essential for driving business growth and maintaining competitive advantage. Successful programmes capture the creativity of employees at every level of the organization so ideas for new products, business models or process improvements, can be quickly discovered and implemented for maximum value.

Effective innovation management requires three things: a defined process model, a focus on innovation, and the right tools to manage it. It’s important however, to make sure that you’re optimizing the process, not controlling it. A strict, hierarchical chain of command can stifle innovation. Instead, employees need to feel individually empowered to drive change and recognized for their innovation.

Management of Business Administration

The main target of master's program is to teach students in area of business management and to provide practical skills in organizational management, analysis, consulting, design and research activities.

The main purpose of such specialist – to make planning, guiding and coordinating of the various activities in the field of management, analysis, modeling and optimization of business processes and the structure of enterprise in general.

The master's program "Management of Organization" provides the competency, which enable, graduates to evaluate the current market situation and develop the strategy of firms behavior.

The training is focused on management of business processes at the enterprise and on the strategy development projects.

International Economics

Economics is a social science that studies the behavior of social systems – such as markets, corporations, unions, international institutions, legislatures, and even families – through the lens of a unified analytical framework. The focus is on the way individuals make decisions and how those decisions add up, and interact with one another, to produce the social systems we observe. Ultimately, economics offers insights into the study and design of policies to improve the performance of the system.


4-year Bachelor of Science in Marketing program can help students develop an understanding of how businesses develop relationships with their customers and how their customers' needs can be met.

Marketing topics can include identification of customer needs, product definition and development, product pricing and decision-making as it's related to how a given product will be sold and delivered to the customer. Other areas of focus can include advertising, sales strategy and customer support considerations. Programs also might emphasize developing effective business communications techniques, management skills and the use of information systems.

These courses generally educate students on the principles of advertising, promotions and consumer spending habits. Students commonly learn to organize and plan effective advertising campaigns after determining the public demand for services and products.

Economic Cybernetics

Economic Cybernetics is a field of study concerned with the application of modern mathematical methods to analysis of economic systems. A specialist in Economic Cybernetics is an economist and analyst highly qualified in the field of the analysis and the management of various sectors of the economy, such as: production, finance, banking, public governance, etc. He is conversant with modern information acquisition, database development, economic situation analysis and forecasting techniques using modern mathematical models and novel information technologies, and is able to manage economic objects in conditions of the uncertainty.