Economic Analysis and Planning – (MBA)

OBJECTIVE AND TASKS OF THE PROGRAMME

The objective and tasks of the Programme derive from the global tendencies and needs of sustainable socio-economic development, i.e. from the ever-increasing necessity of comprehensive assessment and modelling of the complex issues of development, forecasting of development trends and potential impacts, providing analytical background for the policy and managerial decisions.

The overall objective of the Programme is to train highly qualified and holistic-thinking economists able to apply and develop mathematical models and methods for the analysis, forecasting, planning and management of economic processes on both micro- and macro levels. However, the aims of the Programme are not limited to the professional training: another important objective is to nurture would-be society leaders - self-dependent, creative and enterprising persons, capable of innovative ideas and of leading teams.

This objective is pursued by performing the following tasks:

o Provide thorough knowledge about the global and regional development tendencies required for cognition and analysis socio-economic processes.

o Inculcate holistic viewpoint towards the interface of social, economic and environmental issues of development.

o Acquaint students with the latest trends in economic science and up-to-date instruments of analysis and modelling.

o Ensure mastering of qualitative and quantitative economy modelling techniques, train students to employ it for empirical analysis of various social and economic processes, as well as forecasting, planning and policy decision making.

o Nurture research skills and teamwork abilities.

The distinctive feature of competencies rendered by the Programme can be summarized in two words: thoroughness and comprehensiveness. This is visibly reflected in the framework of the Programme as all subjects could be classified to one of the two main blocks of competence development.

The first block heavily relies upon application of mathematical methods and models for economic analysis, forecasting and planning. It includes obligatory "in-depth" advanced courses of microeconomic and macroeconomics analysis, mathematical methods of economics analysis, applied econometrics and econometric analysis, as well as electives on economic forecasting and risk management.

The second, "in width", block is intended for introduction to the holistic and interdisciplinary approach towards socio-economic development and for acquaintance with the various sectors of economy where learned methods of analysis and planning can be successfully applied. This block includes courses on economic development, economics of EU integration and EU economic law, financial markets and derivatives, as well as a number of elective courses on such issues as comparative economics, economic globalization, cross-cultural management, environmental economics.

Graduates of the Programme are expected to acquire relevant knowledge, cognitive, practical and transferable skills. In particular, they should be able:

o To use contemporary economic paradigms and high level competence in both micro- and macroeconomics for the identification and interpretation of social and economic processes;

o To build models of socio-economic processes, analyze their behaviour and draw conclusions;

o To apply mathematical modelling and quantitative techniques for the analysis of economic sectors and subjects, forecasting, planning and management of their development trends.

o To perform empirical research of economic problems on various levels -international, national, regional, municipal and firm- and to formulate recommendations for their solution.

o To summarise and communicate their findings in coherent way.