Global Economics

Module aim

To provide students with complex theoretical and practical knowledge of globalization and the global economy and to develop the skills and competencies to analyze and practically evaluate the processes of globalization and the global economy, conduct scientific and practical research and present the results in scientific essays. In the scientific essay, the student according to the chosen topic: 1) clearly defines the main parameters of the research (scientific problem, research object, goal and objectives, methods of their solution, the benefits of the obtained research results), 2) presents reasoned conclusions.

Module description

Processes and models of globalization, the theories of globalization and global economy, the principles of their analysis are investigated in the course of global economy. Students obtain during the studies the complex knowledge on the processes of economic globalization and their connection with economic development of regions, countries, with the changing technological environment, with the global changes in production, trade and services sectors, as well as with the global competition in the different markets.

Module aim

To provide knowledge of alternative approach (to mainstream economics) of understanding decision-making by economic agents. To promote critical thinking and application of behavioral insights into student’s own work: academic research, implementing a policy, running a company, or developing a product.

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 behavior, to explain and model the decisions of business entities and individuals are formed.

Module aim

To familiarize students with the theoretical foundations of scientific research, methodological principles, and practical applications; to develop the ability to independently plan, organize, and conduct empirical research using quantitative and qualitative methods, ensuring validity, reliability, and compliance with ethical standards, as well as integrating modern technologies, including artificial intelligence tools, in data analysis and interpretation.

Module description

The Research Methodology subject is designed to provide an in-depth analysis of the concept of science and scientific research, as well as the logic and structure of research. The subject covers the stages of empirical research, problem formulation, hypothesis development (if applicable), research design selection, data collection strategies and methods, methodological features of quantitative and qualitative research, principles of data analysis, and ensuring validity and reliability. It also addresses research ethics and contemporary research trends, including the application of artificial intelligence and automated analytical tools for data collection, processing, and result interpretation. The subject includes principles for interpreting research results and preparing to present their findings in a verbal and written form.

Module aim

To provide basic knowledge for students of the principles of social economy and the practical problems of it’s functioning and abilities to analyse and assess the key issues of social economy.

Module description

The Social Economics course is analysing general principles and methods to be applied for analysis and assessment of the social economic situation, its problems and effectiveness. It familiarizes with the social economics role in the economy, key levers of social economics 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, its remuneration and efficiency, analysis of socio-economic processes efficiency.

Module aim

Prepare to carry out the research necessary for the final thesis, highlight the relevance of the topic and the object of the work, formulate the scientific problem, the purpose and tasks of the work, and perform an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, and theoretical part of the thesis, formalized according to the requirements of the thesis.

Module description

In the master’s thesis 1, the topic of the thesis corresponding to the Economics and business analytics specialization is chosen, the scientific problem to be solved is described, the object of the research is highlighted, the place and limitations of the study are determined, an extended plan for the preparation of the work is drawn up, and an analysis of scientific literature is performed. The introduction of the work is prepared, which presents the object of the research, the goal of the work, the tasks to achieve the goal, and the theoretical part of the final work, which presents the results of the theoretical research, their summarization and interpretation.

Module aim

1. To provide a clear understanding of the principles and practices of modern finance from the perspective of general managers seeking to understand the link between strategy and finance in their quest to create value. The course provides with the concepts and tools to assess the financial health of the company, to measure the financing needs associated with the value creation process, to assess investors’ expectations, decision-making principles and their impact on the company’s value. 2. To write a scientific essay.

Module description

This course examines important issues in integrating business finance and value creation. The course provides with an understanding of financial management and helps business executives to determine which financial factors build or erode value in organization. The course is designed to give a broader perspective on financial management and explain the interaction between finance and the various functions of an organization.

Module aim

To provide knowledge of alternative approach (to mainstream economics) of understanding decision-making by economic agents. To promote critical thinking and application of behavioral insights into student’s own work: academic research, implementing a policy, running a company, or developing a product.

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 behavior, to explain and model the decisions of business entities and individuals are formed.

Module aim

The aim of this course is to provide participants with a comprehensive understanding of the payment industry and its ever-evolving dynamics. Throughout the course, participants will gain insights into the various payment methods, regulation, technologies, and trends that shape this ecosystem. By the end of the course, participants will be equipped with the knowledge and tools necessary to navigate the rapidly changing landscape of the payment industry, enabling them to make informed decisions and contribute to the growth and development of this crucial sector.

Module description

The payment industry course will allow to understand the mechanisms of monetary value transfer on the market, the specificity of their operation, the regulatory models, the practical aspects of the payment service.

Module aim

To familiarize students with the theoretical foundations of scientific research, methodological principles, and practical applications; to develop the ability to independently plan, organize, and conduct empirical research using quantitative and qualitative methods, ensuring validity, reliability, and compliance with ethical standards, as well as integrating modern technologies, including artificial intelligence tools, in data analysis and interpretation.

Module description

The Research Methodology subject is designed to provide an in-depth analysis of the concept of science and scientific research, as well as the logic and structure of research. The subject covers the stages of empirical research, problem formulation, hypothesis development (if applicable), research design selection, data collection strategies and methods, methodological features of quantitative and qualitative research, principles of data analysis, and ensuring validity and reliability. It also addresses research ethics and contemporary research trends, including the application of artificial intelligence and automated analytical tools for data collection, processing, and result interpretation. The subject includes principles for interpreting research results and preparing to present their findings in a verbal and written form.

Module aim

To carry out the theoretical research necessary for the final thesis, to highlight the relevance of the topic and the object of the work, to formulate the scientific problem, the aim and objectives of the work, to carry out an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, theoretical part of the thesis in accordance with the thesis requirements.

Module description

During Master Thesis 1 discipline students choose the final thesis’ topic corresponding Financial Economics specialization, raise scientific problem, objective, set the goal/aim and determine tasks, describe the location of research and research limitations, prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, tasks, results of theoretical researches, their generalization and interpretation are submitted.

Module aim

To form a system of students’ theoretical knowledge that enables to reveal the connections between economic phenomena, to calculate the main economic indicators, to determine the goals and methods of economic regulation, to identify economic policy measures that promote economic prosperity, to teach students to assess the impact of various factors on global economic processes

Module description

The subject of economic theory aims to develop economic thinking and provide competence to analyze and evaluate economic phenomena, to understand economic models in more detail, to better understand the country’s economic processes, to learn calculate economic indicators, to assess the impact of individual, household, corporate or government decisions impact for market participants and the national economy in a changing environment.

Module aim

To provide knowledge of alternative approach (to mainstream economics) of understanding decision-making by economic agents. To promote critical thinking and application of behavioral insights into student’s own work: academic research, implementing a policy, running a company, or developing a product.

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 behavior, to explain and model the decisions of business entities and individuals are formed.

Module aim

To develop the ability to use applied economic knowledge, economic analysis and digital technology instruments in assessing and modeling the development of economic processes and in developing methodologies for assessing the effectiveness of economic decisions. To develop the competences to perform complex economic analysis of business and public projects and to understandably communicate and argue information to stakeholders about the impact of the implementation of proposed decisions on the economic environment.

Module description

Applied economic knowledge and competences in conducting economic research are acquired; abilities are developed to create models for the analysis and forecasting of complex processes, suitable for practical application in assessing and managing economic phenomena under conditions of risk and uncertainty. Students are encouraged to apply systematic and critical thinking in analyzing cases of economic decisions of business and public sector organizations, creatively integrating engineering and technological innovations and the principles of sustainable development.

Module aim

To familiarize students with the theoretical foundations of scientific research, methodological principles, and practical applications; to develop the ability to independently plan, organize, and conduct empirical research using quantitative and qualitative methods, ensuring validity, reliability, and compliance with ethical standards, as well as integrating modern technologies, including artificial intelligence tools, in data analysis and interpretation.

Module description

The Research Methodology subject is designed to provide an in-depth analysis of the concept of science and scientific research, as well as the logic and structure of research. The subject covers the stages of empirical research, problem formulation, hypothesis development (if applicable), research design selection, data collection strategies and methods, methodological features of quantitative and qualitative research, principles of data analysis, and ensuring validity and reliability. It also addresses research ethics and contemporary research trends, including the application of artificial intelligence and automated analytical tools for data collection, processing, and result interpretation. The subject includes principles for interpreting research results and preparing to present their findings in a verbal and written form.

Module aim

Prepare to carry out the research necessary for the final thesis, highlight the relevance of the topic and the object of the thesis, formulate the scientific problem, the purpose and tasks of the thesis, and perform an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, and theoretical part of the thesis, formalized according to the requirements of the thesis.

Module description

In the master’s thesis 1, the topic of the thesis corresponding to the Economics and business analytics specialization is
chosen, the scientific problem to be solved is described, the object of the research is highlighted, the place and limitations of the study are determined, an extended plan for the preparation of the work is drawn up, and an analysis of scientific literature is performed. The introduction of the thesis is prepared, which presents the object of the research, the goal of the thesis, the tasks to achieve the goal, and the theoretical part of the final thesis, which presents the results of the theoretical research, their summarization and interpretation.

Module aim

To provide theoretical knowledge about the development, processes and functioning of the international economy in the field of international trade and geopolitics, and abilities to apply them in the assessment

Module description

The course examines the peculiarities and structure of the international economy, analyzes the main models, forms and means of international trade, examines the aspects of international labor migration, the importance of the balance of payments and the influence of international economic organizations on global economic processes. The course is linked to geopolitics, which combines elements of political science and geography to assess the causes and political consequences of the unequal geographical distribution of state power. Aspects of currency and investment relations and the impact of international economic policy on the world and national economies are also analyzed.

Module aim

To form the system of theoretical knowledge, which enables to make the multiple criteria analysis of processes and entitiesof various social and economic sectors.
To teach students to perform empirical analysis of economic processes in various sectors of economy and entities, to maketheir evaluation by various multiple criteria evaluation methods.
To teach students how to interpret and generalise results of multiple criteria evaluation by using theoretical knowledge of economics.

Module description

The course “Quantitative Expert Solution Methods” is devoted to methods designed for both analysing complex socioeconomic processes, and for evaluation of influence of values of criteria of different formats on a chosen characteristic of such processes. Skills enabling students to make analysis of processes and entities of various social and economical sectors, to create mathematical models of such processes, to make quantitative evaluation of characteristics of a process, to use software are delivered to students.

Module aim

To consolidate the theoretical knowledge acquired during studies, using innovative research methods and independent research skills, to develop the ability to summarise the results of research on global economic processes and to make informed decisions when evaluating global economic processes.

Module description

A scientific research project is an integral part of the study process provided for in the specialisation of the study program. It combines theoretical knowledge acquired during the studies of the subjects in the Global Economy specialisation of the Economic Engineering study program, solving scientific problems related to issues in the global economy. When preparing the project, master’s students become familiar with the influence of the global economy on the development of business sectors and the activities of individual organisations, with the instruments used to assess the global economy, and acquire practical abilities and skills in applying modern global economy theories and assessment instruments to comprehensively analyse and solve scientific problems related to global economic processes.

Assessments methods of students formula:
Scientific research project is assessed with a grade, which is counted using the formula: MP = 0,7*S + 0,3*P, here:
MP – Final evaluation of the scientific research project;
S – Preparation of the scientific research project – preparation of scientific article;
P – Public presentation (oral presentation).
All assessments are performed applying a ten points scale.

Module aim

To summarize the theoretical and practical knowledge acquired in the course of previous studies and on this basis to solve a topical problem in the field of economics in the context of globalization.

Module description

During the preparation of the Master’s Thesis 2, scientific, methodological, normative literature and other sources of information are carried out, research methodology is prepared (problem-based computer of quantitative and qualitative data collection and processing methods and adequate scientific programs). The report of the Master’s Thesis 2 is prepared, which presents the revised introduction of the final work, summarizes the results of the theoretical analysis, describes the research methodology, and formulates the conclusions of the theoretical and methodological part of the final work.

Assessments methods of students formula
Presentation of the results of the master’s thesis 2 in the report, presentation of the report. The credit is evaluated.

Module aim

To acquire knowledge and competence to apply financial investment management methods, optimize portfolio of financial investments and to choose the investor needs meeting investment management solutions.

Module description

During this course students get acquainted with the problem of financial investment management, with modern investment portfolio theory and investment management strategies, learn to apply investment instruments’ and their portfolios’ return and risk evaluation, investment portfolio selection methods, to propose the improvements in the development of financial investment management strategies and decision support systems.

Module aim

To form the system of theoretical knowledge, which enables to make the multiple criteria analysis of processes and entitiesof various social and economic sectors.
To teach students to perform empirical analysis of economic processes in various sectors of economy and entities, to maketheir evaluation by various multiple criteria evaluation methods.
To teach students how to interpret and generalise results of multiple criteria evaluation by using theoretical knowledge of economics.

Module description

The course “Quantitative Expert Solution Methods” is devoted to methods designed for both analysing complex socioeconomic processes, and for evaluation of influence of values of criteria of different formats on a chosen characteristic of such processes. Skills enabling students to make analysis of processes and entities of various social and economical sectors, to create mathematical models of such processes, to make quantitative evaluation of characteristics of a process, to use software are delivered to students.

Module aim

Embed in practice theoretical knowledge acquainted during the study, understand and evaluate the organization’s finance and risk management aspects of business processes through innovative research methods, summarize the finance allocation assessments of organization, and develop motivated solutions for finance management process improvement or research methods, the formation of independent research skills.

Module description

Scientific practice is provided part of the study process of specialization program and combines specialization subjects study theoretical knowledge in economics engineering, finance economic activities in dealing with finance allocation and risk management relating to the activities of scientific problems.
During the practice time postgraduates are familiar with the information in the organization finance and risk management processes, process assessment and improvement of the applicable instruments and acquire practical skills and skills using modern finance and risk management theories and finance and risk activities and assessment tools to analyze and solve complex scientific problems related to limited finances allocation activities increase of process efficiency.

Module aim

To train capacities separately accomplish the actual scientific researches of management problems in professional area important to economy, using modern knowledge of management science and engineering. To train capacities to make strategic decisions on the changes of organization, to simulate situations and to forecast actions of competitors, to analyze possibilities of business development, to prepare scientific proofs of strategic alternatives of changes, to initiate positive changes in organ

Module description

During the course Master Thesis 2 the analysis of scientific, methodological, normative and other information sources, corresponding to topic of aviation management, is conducted and the research methodology (the application of quantitative and qualitative data collection and processing methods and the use of relevant computer programmes for solving scientific problem) is prepared. The report of Final Master Thesis 2, which includes the revised Introduction of Final Master Thesis, summarized results of theoretical analysis, the description of research methodology, and conclusions of both theoretical and methodical parts, is developed.

Module aim

The aim of the course is to introduce students to the theory of operations research and to provide them knowledge in applying operations research methods to effective decision-making, modeling the practical challenges arising in business and production.

Module description

Operations research has many applications in science, engineering, economics, and industry, so the ability to solve operations research problems is critical for both researchers and practitioners. In order to find real business problems and the right solution, it is necessary to correctly understand and model the problem and apply optimization tools and appropriate models. In this course, students will learn to formulate, analyze, and solve mathematical models that represent real business problems. Linear programming is applied, network traffic problems, dynamic programming and queuing models are solved. Students obtain knowledge in applying operations research methods in business and production operations management. Course explains how to integrate operations research and management methods with information technology and applied practical tasks. The tasks of transport, logistics, supply chain, distribution of production with limited resources, distribution of energy resources, and provision of airline services are being solved.

Module aim

To form the system of theoretical knowledge, which enables to make the multiple criteria analysis of processes and entitiesof various social and economic sectors.
To teach students to perform empirical analysis of economic processes in various sectors of economy and entities, to maketheir evaluation by various multiple criteria evaluation methods.
To teach students how to interpret and generalise results of multiple criteria evaluation by using theoretical knowledge of economics.

Module description

The course “Quantitative Expert Solution Methods” is devoted to methods designed for both analysing complex socioeconomic processes, and for evaluation of influence of values of criteria of different formats on a chosen characteristic of such processes. Skills enabling students to make analysis of processes and entities of various social and economical sectors, to create mathematical models of such processes, to make quantitative evaluation of characteristics of a process, to use software are delivered to students.

Module aim

To consolidate the theoretical knowledge acquired during studies, utilise innovative research methods, develop independent research skills, and enhance the ability to summarise the results of economic and business data analysis, making informed decisions when evaluating economic and business processes.

Module description

A scientific research project is an integral part of the study process provided for in the specialisation of the study program. It combines theoretical knowledge acquired during the study of subjects in the specialisation of Economics and Business Analytics within the Economic Engineering study program, solving scientific problems related to economic and business analytics issues. When preparing the project, master’s students become familiar with the importance of economics and business analytics for the development of business sectors and the activities of individual organisations, analytical instruments, and acquire practical abilities and skills in applying modern economic theories and business assessment instruments to comprehensively analyse and solve scientific problems related to economics and business processes.

Assessments methods of students formula
Scientific research project is assessed with a grade, which is counted using the formula: MP = 0,7*S + 0,3*P, here:
MP – Final evaluation of the scientific research project;
S – Preparation of the scientific research project – preparation of a scientific article;
P – Public presentation (oral presentation).
All assessments are performed using a ten-point scale.

Module aim

To summarise the theoretical and practical knowledge acquired in the course of studies and, on this basis, to solve a topical problem requiring economic solutions, and to conduct complex research in the field of the global economy.

Module description

The master’s thesis integrates the scientific knowledge and skills acquired in the study program of global economics and economic engineering, solving scientific problems related to the global economy. The master’s thesis addresses a free-choice scientific and practical problem relevant to the master’s student. The main requirements: the problem must be highlighted, and its solution models, methods, and theoretical aspects must be shown; the scientific literature corresponding to the topic of the thesis must be summarised; practical research must be carried out using simulation models, mathematical statistical methods, etc.; a practical solution or strategy to the problem must be proposed.

Assessment methods of students’ formula
The evaluation of the master’s thesis, presentation and discussion in the commission is graded.

Module aim

To prepare specialists capable of understanding of financial system role in the economy, to provide knowledge of financial system’s functions, financial instruments and derivative financial instruments. To coprehend classification of financial institutions and their role in the financial system. To provide the ability to analyse the factors linking all the financial markets, identify and evaluate the supply and demand of financial instruments.

Module description

The importance of financial system in the economics. The function of financial system. Financial instruments. Financial markets. Instruments of money and capital markets. Financial institutions. Types of financial markets (opened/conventional; primary/secondary; existing products/ future and option markets). Factors linking all financial markets. Types of production. Quantity and flows of financial instruments in financial markets. Financial institutions as companies. Financial institutions as intermediaries. Classification of financial institutions and their role in the financial system. Portfolio decisions of intermediaries and other financial institutions. Financial system operation’s motives. The role of supervision of institutions in the financial markets.

Module aim

To provide a theoretical background of organizational change management and comprehensive understanding of the organizational change management process. To highlight the knowledge, skills, and resources that will most assist the managers in making effective decisions and undertaking successful actions. To develop practical skills of organizational change management.

Module description

Taking into account the peculiarities of contemporary organizational change management of organizations and analyzing international business experience, the students are acquainted with the main models and tools of organizational change management; the role of leadership is discussed; the problems of resistance to organizational change are highlighted; the tools which allow to overcome these problems and successfully implement business strategy are presented.

Module aim

To provide theoretical and practical knowledge about the advanced economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

Module description

During the course of Advanced economics the following issues are analysed variety, differences and content of modern and contemporary economic trends, such as: wellbeing economics; institutional economics; circular economy; digital economy; knowledge economy, studying the intangible resources, transaction cost influent; analyzes assessment indicators of relevant advanced economic areas.The main problems occurring in advanced economies are analyzed, the possible solutions of these problems are discussed.

Module aim

Develop the abilities to create, manage, and develop sustainable businesses, to make system-based strategic decisions, and to implement eco, technological, and social innovations in business to achieve global sustainable development goals and to increase the competitive advantage of business.

Module description

The Sustainable Business Development course analyses the concept of sustainable development and the problematic aspects of its implementation at the macro- and micro-level. The content of the three dimensions of sustainable development (economic, social, and environmental) and the expression of their interaction in business are examined. The sustainable business development models, their selection options, and the methods of sustainable development assessment and accountability applied in the business are analysed. The critical points of organisation’s activities that have the greatest impact on the environment and society in the context of sustainable development are identified. Modelling environmental, social, and economic actions for sustainable development that meet international and national requirements, reduce environmental and societal impacts, and contribute to the sustainable development of organisation by applying expert assessment and multicriteria evaluation methods.

Module aim

To prepare specialists capable of understanding of financial system role in the economy, to provide knowledge of financial system’s functions, financial instruments and derivative financial instruments. To coprehend classification of financial institutions and their role in the financial system. To provide the ability to analyse the factors linking all the financial markets, identify and evaluate the supply and demand of financial instruments.

Module description

The importance of financial system in the economics. The function of financial system. Financial instruments. Financial markets. Instruments of money and capital markets. Financial institutions. Types of financial markets (opened/conventional; primary/secondary; existing products/ future and option markets). Factors linking all financial markets. Types of production. Quantity and flows of financial instruments in financial markets. Financial institutions as companies. Financial institutions as intermediaries. Classification of financial institutions and their role in the financial system. Portfolio decisions of intermediaries and other financial institutions. Financial system operation’s motives. The role of supervision of institutions in the financial markets.

Module aim

To provide a theoretical background of organizational change management and comprehensive understanding of the organizational change management process. To highlight the knowledge, skills, and resources that will most assist the managers in making effective decisions and undertaking successful actions. To develop practical skills of organizational change management.

Module description

Taking into account the peculiarities of contemporary organizational change management of organizations and analyzing international business experience, the students are acquainted with the main models and tools of organizational change management; the role of leadership is discussed; the problems of resistance to organizational change are highlighted; the tools which allow to overcome these problems and successfully implement business strategy are presented.

Module aim

To provide theoretical and practical knowledge about the advanced economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

Module description

During the course of Advanced economics the following issues are analysed variety, differences and content of modern and contemporary economic trends, such as: wellbeing economics; institutional economics; circular economy; digital economy; knowledge economy, studying the intangible resources, transaction cost influent; analyzes assessment indicators of relevant advanced economic areas.The main problems occurring in advanced economies are analyzed, the possible solutions of these problems are discussed.

Module aim

Develop the abilities to create, manage, and develop sustainable businesses, to make system-based strategic decisions, and to implement eco, technological, and social innovations in business to achieve global sustainable development goals and to increase the competitive advantage of business.

Module description

The Sustainable Business Development course analyses the concept of sustainable development and the problematic aspects of its implementation at the macro- and micro-level. The content of the three dimensions of sustainable development (economic, social, and environmental) and the expression of their interaction in business are examined. The sustainable business development models, their selection options, and the methods of sustainable development assessment and accountability applied in the business are analysed. The critical points of organisation’s activities that have the greatest impact on the environment and society in the context of sustainable development are identified. Modelling environmental, social, and economic actions for sustainable development that meet international and national requirements, reduce environmental and societal impacts, and contribute to the sustainable development of organisation by applying expert assessment and multicriteria evaluation methods.

Module aim

To prepare specialists capable of understanding of financial system role in the economy, to provide knowledge of financial system’s functions, financial instruments and derivative financial instruments. To coprehend classification of financial institutions and their role in the financial system. To provide the ability to analyse the factors linking all the financial markets, identify and evaluate the supply and demand of financial instruments.

Module description

The importance of financial system in the economics. The function of financial system. Financial instruments. Financial markets. Instruments of money and capital markets. Financial institutions. Types of financial markets (opened/conventional; primary/secondary; existing products/ future and option markets). Factors linking all financial markets. Types of production. Quantity and flows of financial instruments in financial markets. Financial institutions as companies. Financial institutions as intermediaries. Classification of financial institutions and their role in the financial system. Portfolio decisions of intermediaries and other financial institutions. Financial system operation’s motives. The role of supervision of institutions in the financial markets.

Module aim

To provide a theoretical background of organizational change management and comprehensive understanding of the organizational change management process. To highlight the knowledge, skills, and resources that will most assist the managers in making effective decisions and undertaking successful actions. To develop practical skills of organizational change management.

Module description

Taking into account the peculiarities of contemporary organizational change management of organizations and analyzing international business experience, the students are acquainted with the main models and tools of organizational change management; the role of leadership is discussed; the problems of resistance to organizational change are highlighted; the tools which allow to overcome these problems and successfully implement business strategy are presented.

Module aim

To provide theoretical and practical knowledge about the advanced economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

Module description

During the course of Advanced economics the following issues are analysed variety, differences and content of modern and contemporary economic trends, such as: wellbeing economics; institutional economics; circular economy; digital economy; knowledge economy, studying the intangible resources, transaction cost influent; analyzes assessment indicators of relevant advanced economic areas.The main problems occurring in advanced economies are analyzed, the possible solutions of these problems are discussed.

Module aim

Develop the abilities to create, manage, and develop sustainable businesses, to make system-based strategic decisions, and to implement eco, technological, and social innovations in business to achieve global sustainable development goals and to increase the competitive advantage of business.

Module description

The Sustainable Business Development course analyses the concept of sustainable development and the problematic aspects of its implementation at the macro- and micro-level. The content of the three dimensions of sustainable development (economic, social, and environmental) and the expression of their interaction in business are examined. The sustainable business development models, their selection options, and the methods of sustainable development assessment and accountability applied in the business are analysed. The critical points of organisation’s activities that have the greatest impact on the environment and society in the context of sustainable development are identified. Modelling environmental, social, and economic actions for sustainable development that meet international and national requirements, reduce environmental and societal impacts, and contribute to the sustainable development of organisation by applying expert assessment and multicriteria evaluation methods.