Economics Engineering
-
DepartmentFaculty of Business Management
-
Program code6121JX051
-
Field of studySocial Sciences
-
QualificationBachelor of Social Sciences
-
Duration4
Advanced study group
Dual degree: Students in International Economic Relations can earn both a VILNIUS TECH Bachelor of Social Sciences degree and a Kyungpook National University (South Korea) Bachelor of Economics degree
Fun fact
Economics Engineering equips you with the tools to turn vision into measurable impact. Consider Apple the world’s largest company. While admired for its design and innovation, its global success also rests on applying principles of economic engineering: optimizing production, streamlining operations, and ensuring efficiency in worldwide delivery. This shows that economic engineering is not abstract theory—it is the invisible engine driving progress for the world’s most successful companies.
If you aspire to become a leader capable of uniting business, technology, and sustainability, Economics Engineering is your pathway to success.
Step into the future of smart decision-making.
About
Programme Objective
Economics Engineering is an interdisciplinary field that blends:
• Economic theory with real-world problem-solving
• Engineering methods for system efficiency
• Mathematical tools and programming to model and analyze complex processes
• Sustainability principles to create solutions that last.
This dynamic discipline demands continuous learning and a creative mindset. Its mission is to prepare future leaders who will rethink economics, design smarter systems, and shape a sustainable global economy.
Main Study Modules
• Sectoral Economics
• Creative Economy
• Sustainable Economy
• Programming and Data Analysis with Python
• Economic Analysis
• Economic Forecasting
• Network Economics
• Economic Behaviour
• Digital Economy
-
What will I be able to do?
• Interdisciplinary thinking – combining economics with technology and engineering to create innovative, sustainable solutions
• Analytical expertise – analyzing complex economic and business processes, identifying challenges, and proposing effective strategies
• Data-driven decision-making – applying mathematical and statistical tools to forecast market trends and inform business choices
• Systemic, critical thinking – performing in-depth analyses, applying modern theories, and designing economic systems. -
What are my career opportunities?
• Companies, international organizations, government agencies, or freelance consultancy
• Economic and strategic roles in regional development, business growth, environmental management, finance, healthcare
• Professional fields such as market analysis, data management, forecasting, asset management, procurement, and organizational planning.
Study subjects
1 Semester
-
FMSAB16105 9 credits
Linear Algebra and Mathematical Analysis
Module aim
The aim of this course is to provide a sufficient understanding of basic linear algebra concepts, functions, limits and derivative terms, the integral and features as well as develop skills to address various economic and other problems.
Module description
The aim of this course is to introduce principles of algebra and mathematical analysis. The first part of this course covers theory and applications of linearity, including matrices and determinants, linear equations and systems of linear equations, Economic system balance model (Leontjev model) for optimal planning and solving linear programming problems. The second part of this course covers the basic concepts of mathematical analysis: a functions and their properties, limits, continuity, a comprehensive view of the theory and techniques of differential and integral calculus including differentiation rules, methods and applications, techniques of integration, improper and multiple integrals and its practical applications also ordinary differential equations.
Students must attend at least 51% of the lectures, at least 100% of the exercises. -
VVEIB24101 6 credits
Principles of Economics
Module aim
To form the system of students’ knowledge of theoretical economic terms and economic principles and to develop the
practical skills of applying this knowledge.Module description
Course of Principles of Economics covers the the basic principles of economy and economic science, problems and
importance of economics are examined. The course deals with the main concepts of economy and economics, economic
problems, the significance of economy for society and the population, economic interactions and economic development
trends.
Students must attend at least 60 % of the time scheduled exercises. Mandatory minimum attendance of module lectures is 50%. -
FMISB16101 6 credits
Information Technologies
Module aim
To provide knowledge for students about the theoretical background of information technologies. To provide practice for modern office software and OS usage.
Module description
The module on a deeper examination of information technology. Course structure includes the following science topics:
Basic science concepts and definitions. Informatics structure. Information, data and knowledge. Information properties. Information Systems. Information systems characteristics. Types of information systems, structure and classification. Mathematical computer basics. Boolean algebra. Boolean functions. Logic Circuits. Logical operation of computer basics. Machine types and their characteristics. Classical computer architecture. Software. Operating systems, their purpose and structure. Operating systems. Networks. Data transmission technologies.
Students must attend at least 80% of the time scheduled laboratory work. Mandatory minimum attendance of module lectures – 50%. -
KIFSB17109 3 credits
Philosophy
Module aim
The course is intended to introduce students to the basic problems of philosophy and to provide with skills for critical thinking.
Module description
The course examines the origin of philosophy and the role of philosophy in the development of European cultural history. Course presents the topics of being, the nature of things and ideas, knowledge, the relationship between science and philosophy, the human place in cosmos, in a society and in the state. The main focus is placed upon antique philosophy and its subsequent interpretations.
Students must attend at least 60 percent of the seminars and at least half of the lectures at the scheduled times -
VVTVB26101 3 credits
Business of Technologies
Module aim
To enable students to understand how technologies shape business processes, models, and strategies by examining the impact of artificial intelligence, the Internet of Things, blockchain, and big data on innovation and competitiveness.
Module description
The Business of Technologies course examines technology’s impact on business innovation and competitiveness, covering AI, IoT, blockchain, and big data analysis. It explores startup conditions, evolving business models like subscription services and the platform economy, and sector-specific innovations in health and sustainability. Key topics include cybersecurity, AI applications, blockchain potential, and gamification in business. The course also highlights leading Lithuanian tech companies driving innovation.
Students must attend at least 60% of practical sessions and half of the theoretical lectures.
-
KIUSB17098 3 credits
Speciality English Language 1
Module aim
To help students acquire and develop linguistic and professional communicative skills as well as relevant knowledge so that the future specialists are able to use their acquired competences and analyse information, communicate in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at students of Business Management Faculty with a B1-B2 level of the English language knowledge and skills, and who seek to gain professional language skills to communicate more effectively in English in daily and in Professional situation on topics covered in the list. During the course, students develop the independent user’s (B) language skills: reception (listening and reading comprehension), production and interaction (speaking and writing), and mediation (translation). Students also master basic professional vocabulary, gain knowledge of the correct technical and scientific language usage, develop skills in analysing the speciality literature. Participation in at least 60% of the scheduled exercises is mandatory.
-
KIUSB17100 3 credits
Speciality French Language 1
Module aim
To develop students’ linguistic and professional communicative skills as well as providing relevant knowledge with a goal of preparing the specialists able to use their acquired competences and analyse information communicating in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at students of Business Management Faculty with a B1-B2 level of the French Language knowledge and skills, and who seek to gain professional language skills to communicate more effectively in French in daily and in Professional situation on topics covered in the list. During the course, students develop the independent user’s (B) language skills: reception (listening and reading comprehension), production and interaction (speaking and writing), and mediation (translation). Students also master basic professional vocabulary, gain knowledge of the correct technical and scientific language usage, develop skills in analysing the speciality literature.
-
KIUSB17099 3 credits
Speciallity German Language 1
Module aim
To help students acquire and develop linguistic and professional communicative skills as well as relevant knowledge so that the future specialists are able to use their acquired competences and analyse information, communicate in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at students of Business Management Faculty with a B1-B2 level of the German Language knowledge and skills, and who seek to gain professional language skills to communicate more effectively in German in daily and in Professional situation on topics covered in the list. During the course, students develop the independent user’s (B) language skills: reception (listening and reading comprehension), production and interaction (speaking and writing), and mediation (translation). Students also master basic professional vocabulary, gain knowledge of the correct technical and scientific language usage, develop skills in analysing the speciality literature.
2 Semester
-
FMSAB19206 9 credits
Probability Theory and Mathematical Statistics
Module aim
To provide students with an understanding of the probability theory, to develop their ability to solve problems of mathematical statistics and apply their knowledge for statistical data analysis.
Module description
The course is devoted to the basics of the probability theory and mathematical statistics. The definitions for random event and probability are formulated, their main properties are presented. Random variables and their properties are studied, acquaintance with some discrete and continuous random distributions is made further. The second part of the course consists of the main principles of mathematical statistics. Methods for population parameter estimation and statistical hypothesis testing are overviewed. Each topic is illustrated by applications and solutions of practical tasks. Computer software application in statistics is introduced for students.
Students must attend at least 51% of the lectures, at least 80% of the exercises and at least 80% of the laboratory work during the scheduled time. -
VVEIB17801 6 credits
Microeconomics
Module aim
Develop an economic way of thinking: the micro-economic laws and their perception of performance, the ability to analyze and assess the various economic entities operating conditions, mechanisms and influencing environment, to apply the acquired knowledge into practice.
Module description
Microeconomics course examines households, businesses, industries and other independent decision-making activities of economic entities in the various economic systems and market structures, resources and income distribution problems, i.e., allocations of scarce resources to meet the alternative, competing public and business needs.
Students must attend at least 60 % of the time scheduled exercises. Mandatory minimum attendance of module lectures is 50%. -
KILSB24201 3 credits
Academic Writing and Public Speaking
Module aim
To introduce students with the academic style features, terminology principles, the regularities of professional language and the principles of composing the scientific text.
Module description
The scientific style is examined, and its place in the system of functional styles is discussed. Differences between spoken and written language, public and private language are explored. Students learn to write individual parts of academic texts, understand the peculiarities of text composition, and discuss aspects of expressing academic works. Correct citation of texts from other authors is taught. The concept, requirements, structure of the term as the most important lexical unit of academic text are analyzed, and students are introduced to prestigious terminology resources. Types and structure of public speeches are discussed, and methods of establishing and strengthening communication with the audience are explored. Students learn to use appropriate verbal and nonverbal communication.
Students are required to participate in at least 60% of the scheduled practical sessions according to the timetable and at least half of the lectures at the scheduled times. -
VVFRB17201 3 credits
Essentials of Financial Decisions
Module aim
The aim of the course is to give students theoretical and practical knowledge about the essentials of financial decisions, to show their importance in daily life of each business, to give abilities to assess financial processes, to summarize results and to make economically based decisions in the spheres of saving, borrowing and investment.
Module description
The course of Essentials of Financial Decisions analyses modern theory of financial decisions, its applications in making various financial decisions in the spheres such as interests, equivalents of contracts, analysis of main financial means, effectiveness of investment projects.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVVKB17157 3 credits
Management
Module aim
To form systematic logical management perception by providing knowledge about management science and practical skills needed to organize the preparation of managerial decisions and their implementation.
Module description
During the management course the evolution of management theories is examined, key management functions – planning, organization, leadership, control – the essence and characteristics are disclosed, economic methods of management and their specifics of application, psychological management methods and their role, administrative management methods and their application specifics, management decision making. The importance of the external environment impact on the organization’s management is explained. The most important organizations of competitiveness factors are considered. This will allow to understand basic management principles to master the specifics of the business management, understand the need for systematic management methods. Students of the first and second courses of full-time bachelor studies must attend at least 60% of exercises and at least half of the theoretical lectures according to the timetable. Students of the third and fourth courses of full-time bachelor studies must attend at least 60% of the exercises according to the timetable.
-
KIKOB17207 3 credits
Sociology
Module aim
To introduce the knowledge about social reality, to help to understand a sociological view towards society, it’s structure and processes, which influence individual’s socialization, people inter- relations, social action and collaboration.
Module description
The course analyzes the subject of sociology, methods, laws’ structure, its categories and position among humanitarian disciplines. Special attention is paid to the development of a social process, its standards and emerging peculiarities. The course also presents relation between sociological theory and research.
-
VVTVB24202 3 credits
Business Ethics and Social Responsibility
Module aim
Reveal the importance of ethics in business and society, develop critical thinking, the ability to distinguish ethical problems in business and specific work situations, make ethical decisions, and get acquainted with the principles of corporate social responsibility.
Module description
During the course, the relationship between the interests of business ethics and social responsibility, the management principles of the code of business ethics, the basic concepts of social responsibility, and the analysis of the problems under consideration are examined. On the basis of classical texts, one gets acquainted with the philosophical origins, evolution, causes, and consequences of social responsibility in the national and global environment.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times.
-
KIUSB17146 3 credits
Speciality English Language 2
Module aim
To help students acquire and develop linguistic and professional communicative skills as well as relevant knowledge so that the future specialists are able to use their acquired competences and analyse information, communicate in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at the development of Business Management Faculty students’ C1 level of the English Language competences, for further development of skills gained in the course Speciality English Language 1 for communication in both daily and Professional situations. The course develops the independent user’s language skills, professional vocabulary, the correct technical and scientific language usage knowledge, abilities to analyse and summarize speciality literature, effective academic presentation skills.
-
KIUSB17148 3 credits
Speciality French Language 2
Module aim
To help students acquire and develop linguistic and professional communicative skills as well as relevant knowledge so that the future specialists are able to use their acquired competences and analyse information, communicate in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at the development of Business Management Faculty students’ C1 level of the French Language competences, for further development of skills gained in the course Speciality French Language 1 for communication in both daily and Professional situations. The course develops the independent user’s language skills, professional vocabulary, the correct technical and scientific language usage knowledge, abilities to analyse and summarize speciality literature, effective academic presentation skills.
-
KIUSB17147 3 credits
Speciality German Language 2
Module aim
To help students acquire and develop linguistic and professional communicative skills as well as relevant knowledge so that the future specialists are able to use their acquired competences and analyse information, communicate in spoken and written language in their everyday, academic and Professional situations.
Module description
The course is targeted at the development of Business Management Faculty students’ C1 level of the German Language competences, for further development of skills gained in the course Speciality German Language 1 for communication in both daily and Professional situations. The course develops the independent user’s language skills, professional vocabulary, the correct technical and scientific language usage knowledge, abilities to analyse and summarize speciality literature, effective academic presentation skills.
3 Semester
-
VVEIB24306 6 credits
Quantitative Research Methods
Module aim
The purpose is training the students to practice quantitative methods making decisions in economics.
Module description
Sources of statistical information; statistics organization and principles of operating; stages and methods of statistical research. Statistical analysis and evaluation of economic indicators: calculation of average, devotion from the average and etc. Identification and interpretation relationships between economic factors using correlation-regression analysis. Forecasting in enterprise: methods, accuracy and reliability. Practice of operation research models application in economics. Production with constrains resources. Linear programming models. Theory of duality, usage shadow prices fo sensibility analysis in production planning. Integer programming models, investment planning, planning of the production capability development, assignment problems. Multicriteria methods for alternatives evaluation.
Students must attend at least 60 % of the time scheduled exercises.
Mandatory minimum attendance of module lectures is 50%. -
VVEIB17186 6 credits
Macroeconomics
Module aim
To provide students with the basic knowledge in macroeconomics and teach to apply skills in the practice.
Module description
During the course of Macroeconomics the following issues are analysed: national product, its structure and volume; aggregated supply, aggregated demand and factors influencing them; recession, inflationary phase and business cycles; fiscal and monetary policy and tools and measures for their implementation; unemployment and inflation; economic growth, international trade and its policy.Students must attend at least 60 % of the time scheduled exercises.
Mandatory minimum attendance of module lectures is 50%. -
VVEIB24733 6 credits
Sectoral Economy
Module aim
To understand sectoral changes in the economy, their essence, tools suitable for analyzing the problems of structural (sectoral) changes in the economy, the impact of new technologies on the results of companies and the development or contraction of sectors, benefits and created value; provide the ability to evaluate the processes of individual economic sectors, understand the principles of organization management, summarize the results and form decisions related to the specifics of the activities of companies in different sectors.
Module description
The topics include their inclusion in the economic activity sector and the main objects of analysis in the context of the economic structure of the European Union and international trends affecting the behavior of companies and industries. The subject provides students with applicable tools to examine competitiveness in a microeconomic sense and key regulatory policies affecting specific sectors. Finally, the course focuses on politics in the context of corporate competition and politics and regulation. Special attention is paid to how theoretical research tools are applied in practice to analyze real contemporary global problems. Theory is presented against empirical evidence and its impact on shaping public policy and business strategy. Students must attend at least 60% of the scheduled time. exercises.
-
VVTEB24304 6 credits
Business Law
Module aim
The aim of the course is to analyze and evaluate regulation of business relations.
Module description
Business Law is a branch of Civil Law which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity, reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition law and legal regulation of EU Company Law.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVFRB24301 3 credits
Accounting
Module aim
Prepare professionals who are able to integrate and apply complexly the knowledge of economical theories, management of economical processes and economical engineering, covering both the economy and other fields of social life, science and technology progress; characterized with bright inter-directional and inter- discipline competencies, which enable to use integrally advanced achievements of engineering sciences for the economical knowledge and solution of economical problems.
Module description
Accounting information in the system of management. Essence of accounting information. Users of accounting information.Conception of accounting. Accounting regulation and models. General principles of accounting. Essence of assets and liabilities in the accounting. Influence of transactions for fundamental accounting equation. Book-keeping accounts and double-entry. Accounting registry. Recognition of incomes and expenses. Accounting adjustments. Accounts closing. Profit (loss) distribution. Essence, types, basic lineaments and drafting principles of financial statements. The accounting of assets and short terms assets, of stock capital, wages and financial statements.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVEIB24305 3 credits
Course Project of Quantitive Research Methods
Module aim
The purpose is training the students to practice quantitative methods making decisions in economics and develop course
project preparation skills. and to write a scientific essay.
In the scientific essay student: 1) clearly defines the main parameters of the research (scientific problem, object of the
research, purpose and tasks, methods of their solution, the benefit of the results of the research); 2) substantiates the
formulated statements; 3) analyzes, compares, evaluates theories, methods.Module description
Subject includes choice and formulation of course project theme; identification of the object; research aim and tasks
formulation. Also integrated: scientific literature search, selection and analysis; statistical data collection and processing;
selection of the research methods. Subject includes the following quantitative decision methods applying in the course
project: correlation-regression analysis; forecasting methods; linear programming; transport tasks (optimization of routes);
multicriterial evaluation of the economic decision. Also carry out practical work: conclusions formulation and preparation
presentation of the research results.
Students must attend at least 60 % of the time scheduled exercises.
Mandatory minimum attendance of module lectures is 50%.
4 Semester
-
FMSAB19369 6 credits
Econometrics
Module aim
The aim of this course is to introduce the main econometrics models and to consider their application in practice.
Module description
The main conceptions in creating linear regression and time series statistical models are presented in this course. The questions of a model identification, fitting the models parameters, model diagnostic and forecasting are considered. Besides theoretical knowledge students have to solve tasks on the black board and using the special statistical program package for full statistical analysis.
Students must attend at least 51% of the lectures, at least 60% of the exercises. -
FMSAB16218 6 credits
Programming in Python
Module aim
Provide students with the knowledge and skills that can enable to understand the peculiarities of programming Python, to know the syntax of Python programming language, to be able to write your own programs. Provide an adequate understanding of the core Python libraries and their application possibilities, which should enable students to use them for their intended purpose.
Module description
The module explores Python programming peculiarities. Introduces Python programming language syntax, types of data structures. The module provides the basics of programming Python, an introduction to functional programming. The main Python libraries are provided, their application options are reviewed.
Students must attend at least 51% of the lectures and at least 80% of the laboratory work during the scheduled time. -
VVEIB24402 6 credits
Sustainable Economy
Module aim
Developing economic thinking with a sustainability dimension: understanding the laws of sustainable economics and how they work, the ability to analyse and evaluate the conditions for sustainable economic activity of different economic actors in terms of waste prevention, resource conservation and efficiency, the ability to assess environmental impacts and to apply the knowledge acquired in practice.
Module description
The Sustainable Economics course explores the interdisciplinary field of environmental economics, providing a comprehensive understanding of the economic dimensions of today’s sustainability challenges. In the age of globalization, it is crucial to understand the complex relationship between economic activity and environmental sustainability. The concept of a sustainable economy is linked to the Fourth Industrial Revolution, sustainable production and consumption while avoiding waste, and adaptation to changing climate conditions. By linking economic theories to real-world case studies, students will gain knowledge of the complexity of environmental decision-making and the interaction between sustainable economic and policy interventions. Students are required to take part in at least 60% of the exercises during the scheduled period of time.
Mandatory minimum attendace of module lectures is 50%. -
FMSAB19370 3 credits
Econometrics (course work)
Module aim
The aim of this course is to introduce the main econometrics models and to consider their application in practice.
Module description
The main conceptions in creating linear regression and time series statistical models are presented in this course. The questions of a model identification, fitting the models parameters, model diagnostic and forecasting are considered. Besides theoretical knowledge students have to solve tasks on the black board and using the special statistical program package for full statistical analysis.
Students must attend at least 60 % of the time scheduled laboratory work. -
VVFRB24403 3 credits
Corporate Financial Management
Module aim
To provide knowledge to students with key issues in enterprise finance related to the company’s finance management objectives and condition assessment principles, credit and equity securities value, return and risk evaluation principles. Also, students will know more about investment, financing, profit-sharing and other principles of financial decisions adopted in companies and their impact on the company’s value.
Module description
Enterprise financial management course developed with the knowledge and skills required for the financial management problems specify. Learns to perform a systematic analysis of their existing knowledge of financial management in an effective corporate strategy and tactical action plans, identifying financial risks in managing cash flow and increasing the value of the company. Learn to model and predict the long-term and short-term asset management situations, funding policies and the development of financial business solutions to companies located in different stages of development and operating in different size markets.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVEIB24307 3 credits
Creative Economy
Module aim
To familiarize with the object of the creative economy, the reasons for the origin of the process, its influence in today’s local, national and in global environments. Learn to distinguish between cultural and creative economy, evaluate according to systematic methodologies. Get general assign competences and describe the activities of the creative economy, make them meaningful in a real environment; analyze state documents, scientific literature, statistical data.
Module description
The creative economy integrates not only into the traditional creative and cultural industry, but also into the culture, knowledge and sustainable economy in a broad sense, i.e. i.e. creates, operates and expands a vast field of supporting industries. Forming the basis of the creative economy creative and cultural industries cover a broad sphere in which various sub-categories and sub-sectors interact, ranging from creative ideas are transformed to technological industrial solutions and constantly to economic development. The Creative Economy module covers theories, practical and creative management activities, the purpose of which is to provide versatile knowledge and form a modern approach to the creative economy as a phenomenon based more on ideas than physical capital. Only those students who have paid all interim payments and have followed their studies can participate in the final settlement.
subject (module) determines the minimum attendance requirements.
Students must attend at least 60% of the scheduled time. exercises.
Mandatory minimum attendace of module lectures is 50%.
Free choice
5 Semester
-
VVEIB17093 6 credits
Economic Analysis
Module aim
To develop the ability to perform the analysis of the activities of various economic sectors and entities with the help of economic science knowledge, to summarize and interpret the results of the performed analysis.
Module description
To form a complex of theoretical knowledge and practical skills that will be helpful to perform economic analysis of various economic sectors and entities and to make correct summarize and comments on the results of the analysis performed; to assess the potential for value creation of the planned activities and to forecast economic state changes of the analyzed objects while implementing management decisions in the conditions of the changing environment.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB18412 6 credits
Economic Forecasting (with a Course Work)
Module aim
-to present for students the basics of economic forecasting;
-To provide students with the necessary skills to predict economic indicators;
-To provide students with the necessary skills to develop new forecasting strategies.Module description
Here are analyzed country’s macroeconomic forecasting techniques, specially emphasis on mathematical projections methods. This course examines the time series models, behavior prediction methods, expert assessment methods and their application in the macro and micro level. Here are analyzed the budget execution and analysis methods for the preparation or estimates principles. Here are consulted on complex composite economic forecasting methods.
Students must attend at least of 50% lectures and 60 % exercises of the time scheduled. -
VVEIB24501 6 credits
Network Economy
Module aim
To develop students’ theoretical and practical knowledge of network economics, its essence, tools, benefits and value
creation; to provide abilities to evaluate the processes of network economics, to understand the principles of management of
network organizations, to summarize the results and to form decisions related to the activities of network organizations.Module description
The knowledge acquired in the study of the subject will allow to understand the essence of network economics, to evaluate
and distinguish forms of business cooperation and economic activity from a systematic point of view, to describe the
characteristics of mergers, business diversification and concentration. Assessment of business clustering and transaction
cost analysis allows to develop the ability to make network-based economic decisions.
Students must attend at least 60 % of the time scheduled exercises. -
FMSAB18518 3 credits
Data Analysis with Python
Module aim
Provide students with the knowledge and skills to work with the Python program, which can be applied for self-analysis of data.
Module description
The module is designed to take programming Python into a comprehensive analysis of data. The course focuses on programming Python, various Python libraries and tools, elements such as data entry, selection, transformation and management; application of various data analysis methods, graphical representation of data, which can be used for a wide range of data analysis.
Students must attend at least 80 % of the time scheduled practical lectures. -
VVEIB24503 3 credits
Behavioural Economics
Module aim
To provide knowledge of classical (traditional) and behavioral economics, allowing to understand and analyze the decisions of economic entities, to promote critical thinking and the application of behavioral economics insights in one’s own activities.
Module description
During the economic behavior course, by studying the main theories of economic behavior, the features of rational and irrational decision-making, behavioral effects and biases, the abilities to analyze and evaluate economic behavior, to explain and model the decisions of business entities and individuals are formed.
-
VVFRB24504 3 credits
Financial Markets and Institutions
Module aim
To provide with theoretical and practical knowledge about the structure of financial institutions, peculiarities of money and capital markets, basic types of securities, their characteristics and ratios, the role of financial institutions in the economy. To endow ability to assess processes in financial markets, summarise results and to make economically reasonable investment decisions.
Module description
The course Financial Markets and Institutions deals with the structure of contemporary financial institutions, their peculiarities, role in the economy, process of financial intermediation, basic instruments of money and capital markets, the theory of interest rate.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB17161 3 credits
Economics of Human Resources
Module aim
To prepare bachelors of economics who are able to know the processes of human resource economics from a systemic and dynamic point of view, to evaluate them and to anticipate the consequences of these phenomena at the organizational, economic sector, national and international level; to apply the knowledge and skills of human resource economics, applying them to the solution of socio-economic problems in practice, continuing studies and research in economics and related fields and multidisciplinary fields, creating favorable conditions for business creation and development, thus contributing to social, economic and technological development.
Module description
The subject of human resource economics presents the system of human resource economics and reveals the significance of human resources in the economy.
Students must attend at least 60 % of the time scheduled exercises.
6 Semester
-
VVEIB18408 6 credits
Complex Project of Economic Engineering
Module aim
To apply the theoretical and practical knowledge of study methods in solving economic problems, taking into account changes in the environment and the principle of efficiency, as well as gaining the ability to use mathematical modeling, cost, capital and profitability management, as well as other methods.
Module description
The complex project combines the theoretical knowledge acquired during the studies of the subjects of economic engineering programs (public sector, international and digital economy and pricing), solving problems related to economic processes.
The preparation of the complex work consists of searching, analysis and systematization of scientific literature, collection and processing of statistical data, selection and application of appropriate research methods, formulation of conclusions and recommendations.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB18402 6 credits
Digital Economy
Module aim
Acquaint with objective of digital economy, origins of the process, influence on local, national and global business environment. Develop skills to identify digital economy. Acquire general competences to identify and define digital economy models, give a sense in realistic environment; analyse legal and political documents and scientific literature as well as model related Project ideas.
Module description
Digital economy module covers theoretical, practical, managerial activities which refer to holistic approach and form contemporary understanding of digital and smart economy.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB24602 6 credits
International Economics
Module aim
To provide knowledge about the international economics, its evolution and changes and to develop the ability to understand international trade theories and instruments of policy, to analyze the international factor movements of production, their links with international business development, to discuss and make decisions using theoretical knowledge and economic challenges.
Module description
During the course of International Economics the following scientific areas are explored: concept development of modern international economics; variety of international economics theories and their application; main sectors of international economics and their peculiarities; specific phenomenon of international economics; international business; conception of international business; international trade; international finance; direct foreign investment; international economic cooperation; countries and international organizations role in regulating the international economics, markets, competition, national economics; challenges of international economics development; global economics, its challenges and priorities for development.
Students must attend at least 60 % of the time scheduled practical lectures. -
VVEIB24601 6 credits
Public Sector Economy
Module aim
To provide basic knowledge about the principles of public sector economy and the practical problems of it’s functioning and
to train facilities and to assess the key issues of public sector economy.Module description
The Economics of Public Sector familiarizes with the public sector role in the economy, public sector structure and key
levers of economic management – fiscal and social policy, issue of State’s finance, State’s revenue and expenditure policy,
unemployment, employment, labour market policy, social exclusion, social security and health security, the financing of
education, job, it’s remuneration and efficiency, analysis of socio-economic processes efficiency.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB24501 3 credits
Pricing
Module aim
To provide theoretical and practical knowledge about modern pricing methods, pricing strategies, and pricing factors’ evaluation methods in pursuance of price determination that would allow the company to achieve its objectives. To provide the ability to make economically based strategic and tactical pricing decisions.
Module description
Pricing discipline deals with important instruments (e.g., pricing strategies and methods, data collection, quantitative and qualitative data processing methods, computer technology for addressing pricing issues) and pricing factors (e.g., customers, competitors, the organization’s scope and cost, ethics, and laws) which are used in the decision-making process for economically efficient pricing. It focuses on their evaluation particularities, which, by constantly changing but specific market conditions, would enable to maximize the organization’s value by focusing on sustainable development. Students must attend at least 60 % of the time scheduled exercises.
Free choice
7 Semester
obligatory
-
VVFRB24603 6 credits
Behavioral Finance
Module aim
To provide students with knowledge about the development of behavioral finance theories, to teach them to identify the models of individual people behavior and to take rational financial decisions.
Module description
The course of behavioral finance examines the peculiarities of financial and investment decision-making taking into account human psychology and emotional factors. The connection of psychology and finance, the impact of investors’ psychology on the processes in financial markets is analysed Students are introduced to the main financial motivations of individuals: having cash, protection, accumulation of money and wealth management. Theories explaining the financial behavior of individuals are analyzed: John M. Keynes’ absolute income hypothesis, Franco Modigliani and Richard Brumberg’s life cycle hypothesis, Milton Friedman’s permanent income hypothesis. Students learn to detect and assess cognitive biases. Using the knowledge and skills provided, students learn to make rational financial and investment decisions at different stages of the life cycle and to justify their choices.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB24704 6 credits
Financial Risk Management
Module aim
To provide students with theoretical and practical knowledge about financial risks and risk management, including integrated knowledge about risk assessment tools, methods and models, and teach students how to apply them in practice.
Module description
The Financial Risk Management course examines financial risks and risk management in financial institutions and other businesses and organizations.
It focuses on individual risks such as market, liquidity, credit and operational risks. Risk sources, management options and process are being analyzed. Students are introduced to risk assessment models and thought how to apply them while assessing the risk in a bank or other financial institution.
Interaction between the strategy of the financial institution and the risk management processes examined. The course also covers the analysis of financial risks faced by non-financial organizations’ and how those risks are managed.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB24707 6 credits
Investment Economics (with coursework)
Module aim
To provide knowledge for students about the basics of investment economics; also provide the necessary knowledge on the economic essence of investment, types of investments, factors and prices, the capital investment decision making process, investment projects effectiveness evaluation, risk assessment and long-term investment sources of financing.
Module description
In the studies of investment economics subject the economic essence of investment is analysed, capital investment and project risk is analysed and assessed, the price of sources of investment financing is determined. The particular problems of investment projects’ effectiveness valuation are solved using present and future value methods, also average annual value, discounted payback period, net present value and other methods; the problems of investment projects risk assessment are solved using probabilistic uncertainty and risk evaluation methods such as sensitivity analysis, scenario analysis, break-even point analysis, decision trees. Students must attend at least 60 % of the time scheduled exercises.
-
VVFRB24702 6 credits
Taxation System
Module aim
To provide the basic knowledge of the auditing and taxation theories, and to form abilities of the students to implement this knowledge when they meet any issues in auditing or taxation activities.
Module description
Moreover, the course deals with kinds of auditing, with society demand for auditing, and the history of the auditing. The stochastic nature of the audit is revealed, the audit risks and planning of the audit, and, finally, the outcome of the audit – auditor’s opinion and report are being examined.
The course analyses the concept of taxes, the principles of taxation, the classification and the essentials of taxes, taxing revenue, the regulation of taxes. Direct and indirect taxes and the tax burden of EU members’ states are examined. Moreover, the taxation of consumption, capital and labour, and the evaluation of a taxes system are analysed.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB24706 3 credits
Personal Finance
Module aim
To introduce the students the importance of individuals’/families’ finance management.
To give the necessary knowledge about personal finance management principles and methods, saving, investment, borrowing possibilities and instruments.Module description
The course analysis theory of personal finance, investments and its implementation for individual (family) for decision making in such areas as consumption, saving and borrowing, investments, pension planning, insurance services, purchasing of estate and tax planning.
Explanation of family budgeting, balance sheet and cash flow accounts’ arrangement and estimation, applying of these statements for motivation of financial decisions, assessment of personal financial status, individuals’/families’ financial ratios, possible financial instruments for implementation of long and short term goals, consumption, saving, investment and borrowing decisions are analysed, investment strategy, creation and effective establishment of investment portfolio are studied, insurance services, importance of individuals’ risk insurance are discussed, real estate planning and important tax problems for households are studied. Students must attend at least 60 % of the time scheduled exercises. -
VVFRB24703 3 credits
Bachelor Graduation Thesis 1
Module aim
To bring up abilities to analyse and solve topical economic problems in the high level scientific way.
Carry out individual scientific research work (Bachelor Theses), bringing together all the knowledge, skills and abilities acquired through the time of studies.
To provide knowledge on the specificity of the research work, its relationship with other activities, as well as the current scientific paradigms and trends.Module description
Bachelor’s thesis deals with graduates selected scientific problem and its practical application characteristics. Basic requirements: hot topic, significant problem being solved, summary of scientific literature and research on the subject, formulation and design of research methodology, analysis of good practices, proper interpretation of social, political and economic contexts, usage of social research methods and technologies, empirical research quality, economic justification and cost-effectiveness evaluation of the solutions offered.
The aims for the first part of bachelor’s thesis: the bachelor theme should be selected accordingly specialization of study programme; the next assignments are following: to characterise the main research subject; to define the criteria and parameters of research work, to actualise the chosen theme, to prepare detailed plan of work. Students must attend at least 60 % of the time scheduled exercises.
obligatory
-
VVEIB24739 6 credits
EU Economic Policy (with Course Work)
Module aim
To provide knowledge about the principles of the formation of the EU economic policy and the possibilities of its implementation, to develop the ability to systematically examine the EU documents and databases and to make proper use of the opportunities created in the EU single market.
Module description
The subject of EU economic policy is designed to examine the EU’s economic priorities, policy development and implementation practices. While studying the subject students analyze the experience and achievements of the EU common economic space, examine the economic goals of policies pursued in various fields (business, environment, energy, education and research, transport, taxation, social and health affairs, agriculture);as well as the tendencies and directions of the formation of the EU regional policy, the EU budget and monetary policy and the EU structural funds are studied. Students must attend at least 60 % of the time scheduled exercises.
-
VVEIB24741 6 credits
East Asian Economies
Module aim
To prepare specialists, which are able in complexity to understand and analyse economic development trends and perspectives in various world regions, specifically in East Asian countries.
Module description
The course on East Asian Economics provides a detailed introduction to the contemporary economic and political situation, as well as the culture and history of East Asian countries (China, Japan and South Korea). This is a significant region of the world, which is important for the development of international economic relations and cooperation in the fields of culture and studies.
Students must attend at least 60% of the exercises in the scheduled schedule. The minimum attendance of the module lectures is 50%. -
VVEIB24740 6 credits
North American Economies
Module aim
The aim of this course is to provide students with a comprehensive understanding of the economic structures, policies, and dynamics of North America. It seeks to develop students’ ability to critically analyse the region’s economic development, key industries, trade relationships, and policy frameworks while addressing contemporary challenges such as inequality, environmental sustainability, and technological innovation.
Module description
This course provides an in-depth analysis of the economic systems, structures, and dynamics of North America, focusing on the United States, Canada, and Mexico. It explores the historical development of their economies, key sectors and industries, and the role of regional integration through agreements like NAFTA and USMCA.
Students will examine how geography, resources, and policy decisions have shaped economic power and competitiveness in North America. Topics include trade, labour markets, fiscal and monetary policies, and the challenges of inequality and technological innovation.
The course combines theoretical frameworks with practical applications through case studies, data analysis, and interactive discussions, preparing students to understand the complexities of North America’s role in the global economy and to analyse contemporary economic issues critically.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB24738 6 credits
Northern European Economies
Module aim
To acquire and systemize knowledge about the Northern European economic development and the unique Scandinavian model as well as apply and interpret the acquired knowledge to the specific situation of the Nordic countries.
Module description
The course of Northern European Economics provides a detailed introduction to the modern economic, as well as political situation, as well as the culture and history typical of Northern European countries. Northern European countries are a significant region of the world, the development of international economic relations and cooperation in the fields of culture, science and studies is extremely important. Priority attention is paid to the economic potential, the economic situation and the perspective of economic development, as well as the studies of the current affairs of history, culture and political development.
-
VVEIB24736 3 credits
Bachelor Thesis 1
Module aim
To choose bachelor thesis topic, identify research priorities, choose and justify theoretical and empirical research methodology, to collect initial information, needed for bachelor thesis.
Module description
In bachelor thesis students are solving chosen scientific- practical problem, which represents international economical relations specialisation. Students in bachelor thesis should connect and demonstrate economics engineering course and international economical relations specialisation knowledge, e.g. formulate and solve the problem, to show its international-economical aspect.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB24734 3 credits
International Economic Organizations and their Policies
Module aim
To provide complex knowledge about international economic organizations and their policies and the ability to use this
knowledge in economic work.Module description
The International Economic Organizations and Their Politics course examines contemporary international economic organizations, their the concept of activities, as well as the impact of these activities on the internationalization of the economy; the most important international economic organizations, their political priorities; International economic organizations belonging to the United Nations system and their politics; the World Trade Organization, its policies; International Monetary Fund and its policies; the World Bank and its policies; EU economic policy; regional and specialized international economic organizations and their policies.
Students must attend at least 60% of the time scheduled. exercises.
obligatory
-
VVEIB24701 6 credits
Multicriteria Research Methods (with coursework)
Module aim
To provide capabilities for constructing integrated measures that are able to properly describe effectiveness of economic systems.
Module description
The course focuses on the multi-criteria and multivariate methods that allow one to analyse economic phenomena. Students will be acquainted with optimization and simulation methods that can be applied in multi-criteria and multivariate analysis. The course will discuss multi-criteria analysis methods of different types viz., value function, reference point, and outranking approaches. The course will discuss the problematique related to the assessment of uncertainty in multi-criteria analysis. The mathematical programming problems related to the construction of composite indicators will be covered. The course will also discuss multivariate techniques (principal components analysis, cluster analysis) for economic analysis.
Students must attend at least 60% of the scheduled time of practices hours. -
VVEIB24703 6 credits
Mining and Vizualization of Economic Data
Module aim
The aim of the “Mining and Visualization of Economic Data” course is to provide students with the necessary knowledge and skills for processing and presenting economic data effectively. This includes visualizing information of interest, such as business data and economic data, using appropriate techniques and tools.
Secondly, it aims to provide students with both theoretical knowledge and practical skills related to modern information visualization methods. Students learn how to apply these methods to analyze economic processes and make informed business decisions. By the end of the course, students are expected to be proficient in visualizing various types of data, including business and economic data, using advanced visualization techniques to enhance understanding and facilitate decision-making processes.Module description
The “Mining and Visualization of Economic Data” course covers an important role of data visualization in modern business, particularly in the context of big data analysis and decision-making. Students explore how data visualization methodologies are utilized in analyzing macroeconomic processes, leading to strategic decision-making at the national level. Through this course, students gain insights into various application areas of information visualization, including analyzing datasets and creating visual presentations. They also learn about basic information visualization methods and their application in a geographical context. Furthermore, the course covers economic data mining, focusing on data types, structures, datasets, and visual representations. Students delve into basic data mining algorithms, hierarchical analysis, decision trees, and random forests, equipping them with valuable skills for data-driven decision-making in economic contexts. Students must attend at least 60% of the scheduled time exercises.
-
VVEIB24705 6 credits
Modelling of Economic Decisions
Module aim
The course seeks to enable students to use the economic data for quantitative analysis and evidence-based decision analytics by using diverse tools of mathematical optimization.
Module description
The course presents the major optimization techniques and problems along with their typology in the context of Economics. The major methods of the mathematical optimization allowing to find optimal solutions are discussed. The examples of the application of the major optimization models for solving selected economic problems are discussed. The students will be able to apply different optimization techniques to solve theoretical and empirical economic problems.
Students must attend at least 60% of the time scheduled. exercises. -
VVEIB24704 6 credits
Qualitative Research Methods
Module aim
The purpose is training the students to practice qualitative methods making decisions in economics.
Module description
During the course on the qualitative research methods, the students are introduced to the most popular qualitative research methods. Case studies, historical studies, discourse analysis are conducted. Inductive reasoning theory and narrative analysis are used. Visual methodology, visual sociology and anthropology are adapted. The classical and qualitative content analysis strategy is used. The teaching involves planning of qualitative research and compliance with research ethics. Software is used for the data analysis and coding.
Students must attend at least 60% of the scheduled time of practices hours. -
VVEIB24706 3 credits
Bachelor Thesis 1
Module aim
To choose bachelor thesis topic, identify research priorities, choose and justify theoretical and empirical research methodology, to collect initial information, needed for bachelor thesis.
Module description
In bachelor thesis students are solving chosen scientific- practical problem, which represents economic data analytics specialisation. Students in bachelor thesis should connect and demonstrate economics engineering course and economic data analytics specialisation knowledge, e.g. formulate and solve the problem, to show its aspect of analytical data.
Students must attend at least 60 % of the time scheduled exercises. -
VVEIB24702 3 credits
Artificial Intelligence in Economy
Module aim
To prepare economic experts with artificial intelligence knowledge, able to apply AI methods and techniques, such as machine learning, deep learning, neural networks, expert systems, and knowledge-based systems, to various fields of economics, integrate economic, information technology and AI theories into their professional activities in search of practical solutions for the analysis, evaluation and forecasting of economic phenomena and problems taking into account changes and perspectives of the global and local environment.
Module description
The concept of artificial intelligence (AI) and its applications in various fields of economics. The history and evolution of AI methods and techniques, such as machine learning, deep learning, neural networks, expert systems, and knowledge-based systems. The benefits and challenges of AI for economic growth, innovation, productivity, human capital, and development. The effects of AI on labor market outcomes, such as employment, wages, skills, education, and inequality. The ethical, legal, and social issues of AI, such as privacy, security, accountability, and bias. The best practices for regulating AI and ensuring public trust and welfare. The methods and tools of AI for economic research, such as data collection, processing, modeling, and forecasting. Students must attend at least 60 % of the time scheduled exercises.
Students must attend at least of 60% scheduled exercises.
8 Semester
obligatory
-
VVFRB25801 15 credits
Bachelor Graduation Thesis
Module aim
To prepare individual bachelor thesis, consolidating all knowledge, skills and abilities, acquired during studies;
to use theoretical knowledge of overall specialisation and specialisation topics for the solving of analysed problems
To provide abilities to collect, analyse, interpret information, related with solving, preparation and justification of the decisions for analysed problems.Module description
In bachelor thesis students are solving chosen scientific- practical problem, which represents specialisation profile and chosen specialisation. Students in bachelor thesis should connect and demonstrate knowledge of overall specialisation and specialisation topics. In order to ensure quality of bachelor thesis, final bachelor thesis materials should be prepared, where students provide analysis of scientific sources, which define decision alternatives for the practical problem solving, analysed problem, research methodology, empirical research results, proposed decisions. Students implement complex research and provide justified decisions.
-
VVFRB24805 15 credits
Professional Practice
Module aim
To form special skills and general abilities by organizing activities and investment processes in various fields of business and public organizations. Based on a systematic, critical and productive thinking, to evaluate the economics of economic and organizational problems, the changes of investment, which are triggered off the country’s economy, globalization and EU market’s enlargement processes, also to prepare projects for the organization’s adaptation.
Module description
Professional practice is a part of investment economics study process and combines the theoretical knowledge of economics gained from the subject of investment, analyzing and resolving problems of acticity operation and investment in organizations. Practice is in real-life Lithuanian and foreign organizations. Professional practice lasts for eight weeks (320 hours). During this period student participates directly in the activity of specific organization, is doing given tasks, engage in the management of investment and other processes, gets to know internal and external organization environment and main management principles, develops knowledge about importance of various information and fields management, investigates aims and functions of various fields and subdivisions management, realise the managers’ of organization or specific subdivision responsibility. The student gets to know how various questions of forecasting and managing under uncertainty conditions are solving. Students must attend at least 60 % of the time scheduled exercises.
obligatory
-
VVEIB24812 15 credits
Bachelor Thesis
Module aim
To prepare individual bachelor thesis, consolidating all knowledge, skills and abilities, acquired during studies; to use theoretical knowledge of overall specialisation and specialisation topics for the solving of analysed problems. To provide abilities to collect, analyse, interpret information, related with solving, preparation and justification of the decisions for analysed problems.
Module description
In bachelor thesis students are solving chosen scientific- practical problem, which represents specialisation profile and chosen specialisation. Students in bachelor thesis should connect and demonstrate knowledge of overall specialisation and specialisation topics. In order to ensure quality of bachelor thesis, final bachelor thesis materials should be prepared, where students provide analysis of scientific sources, which define decision alternatives for the practical problem solving, analysed problem, research methodology, empirical research results, proposed decisions. Students implement complex research and provide justified decisions.
-
VVEIB24801 15 credits
Professional Practice
Module aim
To strengthen theoretical knowledge by analyzing the need and consequences of international economic relations in a specific company. To evaluate the possible benefits of international economic relations for the company and the potential costs. To use the acquired skills in analyzing indicators expressing the scope and structure of international economic relations.
Module description
During professional practice, students work as economists or managers in specific business companies or organizations. Acquired theoretical knowledge is consolidated by analyzing, observing and participating in the company’s international relations operations, production and marketing activities. Finance, investment, innovation, accounting and information systems, personnel management are evaluated. International relations, their administration and development strategies are analyzed.
obligatory
-
VVEIB24807 15 credits
Bachelor Thesis
Module aim
To prepare individual bachelor thesis, consolidating all knowledge, skills and abilities, acquired during studies; to use theoretical knowledge of overall specialisation and specialisation topics for the solving of analysed problems To provide abilities to collect, analyse, interpret information, related with solving, preparation and justification of the decisions for analysed problems.
Module description
In bachelor thesis students are solving chosen scientific- practical problem, which represents specialisation profile and chosen specialisation. Students in bachelor thesis should connect and demonstrate knowledge of overall specialisation and specialisation topics. In order to ensure quality of bachelor thesis, final bachelor thesis materials should be prepared, where students provide analysis of scientific sources, which define decision alternatives for the practical problem solving, analysed problem, research methodology, empirical research results, proposed decisions. Students implement complex research and provide justified decisions.
-
VVEIB24801 15 credits
Professional Practice
Module aim
To strengthen theoretical knowledge by analyzing the need and consequences of international economic relations in a specific company. To evaluate the possible benefits of international economic relations for the company and the potential costs. To use the acquired skills in analyzing indicators expressing the scope and structure of international economic relations.
Module description
During professional practice, students work as economists or managers in specific business companies or organizations. Acquired theoretical knowledge is consolidated by analyzing, observing and participating in the company’s international relations operations, production and marketing activities. Finance, investment, innovation, accounting and information systems, personnel management are evaluated. International relations, their administration and development strategies are analyzed.
Statistics
| Metric | Value |
|---|---|
| Enrolled students | 14 |
| Enrolled to FT | 10 |
| Min FT grade | 7.28 |