Financial Engineering
-
DepartmentFaculty of Business Management
-
Program code6121LX046
-
Field of studyBusiness and Public Management
-
QualificationBachelor of Business Management
-
Duration4
Additional opportunities:
-
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
https://youtube.com/watch?v=J5WQUnpl8kQ%3Ft%3D1s%26feature%3Doembed
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?
Graduates of the programme will develop abilities in:
• 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?
With a degree in this programme you’ll find roles across a wide creative spectrum, including:
• 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. -
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%. -
VVTVB24102 6 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. -
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 -
VVFRB18101 3 credits
Evolution and Principles of Finance
Module aim
To provide students with essential knowledge of the development and principles of financial theories and lay the foundations for market-oriented thinking.
Module description
The Evolution and Principles of Finance course examines the fundamental principles of the development of financial and economic theories and the problems and possibilities of their application in studying other financial and economic disciplines.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVTVB19101 3 credits
Business Fundamentals
Module aim
To form a student’s knowledge system of the business to practically apply this knowledge to the relationship between market players, to disclose the harmony of market players’ interests arising in their business relationship, ensuring the creation of the added value.
Module description
Business fundamentals course presents various business concepts, reveals the basic economics and business concepts, categories, and creation of business value, introduces to business management steps and processes. Students are introduced to the external and internal factors that determine business success, benefits and challenges of the various sectors of the economy and business organization, and of legal types of business, business financing sources and financial aid opportunities for business creation and development. It also introduces the principles of business accounting and tax system, the fundamentals of management and communication, and discusses the importance of business ethics.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times.
-
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.
-
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.
-
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.
3 Semester
-
VVFRB16301 6 credits
Accounting (with course work)
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.
-
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%. -
VVEIB17191 6 credits
Macroeconomics
Module aim
To provide students with the basic knowledge in macroeconomics and with competences to identify them and to apply 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. -
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. -
VVEIB24303 3 credits
EU Economy
Module aim
To provide knowledge about the principles of EU economic policy formation and implementation possibilities, to develop the ability to systematically analyze EU documents and databases in order to properly use the opportunities created in the EU common market.
Module description
The subject EU Economy is designed to examine the features and experiences of the formation of the EU economic area. During the studies, EU economic policy priorities, preparation principles and implementation practices are examined. Motives for integration of European countries economies are examined; objectives and tools of economic policy coordination in business, environment, energy, education, science, transport, taxation, financial markets, social affairs, health and other sectors discussed.
Students must attend at least 60% of the scheduled time of practices hours.
Mandatory minimum attendance of module lectures is 50%. -
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. -
VVFRB16401 6 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. -
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. -
VVTVB24403 6 credits
Entrepreneurship
Module aim
To provide integrated system of theoretical and practical knowledge of entrepreneurship, which would allow students to orient themselves better in national and international environment while incepting and developing business companies. Knowledge of entrepreneurship would let to solve urgent management and economic issues in order to maintain performance sustainability and efficiency of business companies.
Module description
Entrepreneurship as learning subject provides possibility for students to obtain economic, managerial, and sociologic
(theoretical and practical) knowledge about inception and development of enterprises. A wide spectrum of theoretical and
practical approaches towards specifics of contemporary business: recognizing and evaluation new opportunities, designing
business models, choosing financing sources and predicting modes of business closing. Various types of organizations, their alliances, business growth specifics in Europe and USA are being considered.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
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.
Free choice
5 Semester
-
VVFRB24503 6 credits
Investment Project (with course work)
Module aim
Integrated use of knowledge of all subjects studied during the current semester.
To develop a complex work for the chosen specific investment project preparation its financial effectiveness and risk evaluation, to substantiate the investment decision.Module description
The module of complex project is designed to consolidate the student’s knowledge and skills acquired during the current semester to solve chosen the problem related to investment project preparation and its financial evaluation also risk evaluation. Students preparing investment project should focus on the current semester subjects, especially business project preparation and evaluation, also marketing, management of accounting, economics of human resources.
In the complex project should be highlighted and used subjects co-studied in this semester, as well as other program courses such like entrepreneurship, business foundations, accounting. Students must attend at least 60 % of the time scheduled exercises. -
VVVKB17033 6 credits
Marketing
Module aim
To provide students with theoretical knowledge in marketing and provide practical skills in making marketing decisions necessary financial engineering business-related activities and the implementation of the business development in the local and international markets. Students must attend at least 60 % of the time scheduled exercises.
Module description
During marketing course holistic marketing concept and main elements are analysed. For students variety of marketing objects is presented. Main marketing concepts: needs, wants and demands are presented. In the course main strategic marketing elements and marketing information systems are introduced. In the course external and internal marketing environment is analysed and practical analytical tools (PESTEL, SWOT, etc.) are presented. Also main marketing research methods and tools are discussed. For students marketing planning process and marketing plan are introduced. During the course main product concept, product level, service marketing is discussed. Main pricing, distribution channels, promotion strategies for marketing of products are presented. New communication trends and innovative internet tools and media are presented. 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.
-
VVFRB16504 6 credits
Management Accounting
Module aim
To acquaint students with the role of accounting information management system, to explain the essence of management accounting and accounting relations with other types of management system development and application of the mechanism introduced to the classification of expenditure and accounting, to provide production cost calculation methods, cost analysis and control systems examined costs-volume-profit analysis techniques and the use of marginal analysis theory and practical application.
Module description
During this course, the students will acquire the basic knowledge and skills required to make management decisions based on the principles of management accounting information. By defining the essence of management accounting and its relations with other types of accounting, students will be able to properly use management information collected for a purpose, create an appropriate management system and apply it in practice. Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times.
-
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. -
VVTEB16502 3 credits
Financial Law
Module aim
To provide theoretical knowledge about the financial legal system and its institutions, develop the ability to independently identify, analyze and solve problems arising in the field of public financial legal relations.
Module description
Finance law subject consist of regulation finance law and financial legal relations at the law system. Scope of public finance, budget law and the process of the budget. State budget legal regulation of income and expenses. Fundamentals of admninistration of the tax and tax law system, liability for violation of tax law. Fianancial control, monetary and securities law.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
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.
Free choice
6 Semester
-
VVFRB24605 6 credits
Financial Analysis (with course work)
Module aim
To provide theoretical and practical knowledge about role of financial analysis in financial engineering and management system, about its essence and fundamentals.
To provide theoretical and practical knowledge about application of financial analysis methods, interpretation and summary of their results.
To provide abilities to evaluate and absorb results of financial analysis and their importance in enterprises preparing the evaluation of absolute and relative financial ratios.Module description
Purposes, sources and methods of financial analysis. Absolute and relative ratios. Ways of evaluation, comparison and forecasting of financial results. Methods of analysis of enterprises’ financial condition, creditworthiness, operations.
Students must attend at least 60 % of the time scheduled exercises. -
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. -
VVFRB16601 6 credits
Pricing
Module aim
Be able to formulate price policy and strategy adequate to the business general objectives and choose the justify main solutions for business.
Module description
Pricing discipline deals with instruments (e. g. pricing strategies and methods, data collection, quantitative and qualitative data processing methods, computer technology for addressing pricing issues) which are used in decision making process for effective pricing. It focuses on pricing factors (e. g. customers, competitors, the organization’s scope and cost, ethics and laws) and their evaluation particularities, what on specific, but constantly changing market conditions enable to maximize the sustainable development.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVFRB16609 3 credits
Valuation of Financial Instruments
Module aim
To provide students with both theoretical and comprehensive knowledge of the various financial and investment instruments, objectives of their use, rising risks and their valuation.
Module description
The course of Valuation of Financial Instruments analyses risks of variuos financial and invesmnet instruments and their valuation. Risks conected with financial instruments are separated. Big attention is paid to separate investment means such as bonds, stocks, investment funds, exchange traded funds. Invesmnet instruments used by profesional investors, such as derivatives and structural means, investment using borrowed funds are also analysed. Students will lear to evaluate risk of financial instruments. Basic knowledge how to form investment porftolios is presented.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVFRB24606 3 credits
Investment Management
Module aim
To examine the main and most important theoretical aspects of investment management and base them on empirical research.
To provide the main methods of investment management.
To familiarise students with the management of investment portfolios and its processes, forming the ability to analyse the market situation, reasons, and factors impacting historical price changes of financial instruments.
To teach students to make investment decisions.Module description
The investment concept and the main goals of investment management are analysed. The relevance of investment management as part of financial management is stressed. The main areas of investment management are analysed: management of equity portfolio, management of money market securities and fixed income portfolio, management of derivatives, analysis of investment environment, the uncertainty of markets, and risk management methods. Students must attend at least 60 % of the time scheduled exercises.
-
VVFRB17603 3 credits
International Finance
Module aim
The aim of the course is to teach students to understand the principles of functioning of the multinational financial system, its importance, benefits and risks, development trends, the role of the multinational finance managing the cross-border financial flows, be able to valuate the currency exchange rate fluctuation factors and trends, understand corporate cross-border investments and investment into the financial markets and fundamental and technical methods for such investment valuation.
Module description
Multinational Finance course analyses the principles how the international financial systems function, its importance, benefits and risk, as well as discloses its development trends, the role of the multinational finance managing the cross-border financial flows, extends the risks of currency exchange rate fluctuations, its trends, presents up-to-date knowledge of nowadays global financial system, market functioning and development, explains the role of the international financial institutions in the financial markets, as well as overviews fundamental and technical methods for corporate cross-border investments and investments into the financial markets, valuation. During the course, it is focused on development of practical and theoretical knowledge about the role of the multinational finance in nowadays modern and global world, as trends of the multinational finance system development, the role of the European monetary system and European monetary monetary union.
Students must attend at least 60 per cent of the seminars and at least half of the lectures at the scheduled times. -
VVEIB24606 3 credits
Economics of the Public Sector
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.
7 Semester
-
VVFRB16723 12 credits
Professional Practice
Module aim
Task of professional practices is to implement theoretical knowledge into practice, evaluate and understand economical aspects of finance engineering, summarize the results of the evaluation of practical company’s activity.
Module description
Professional practice forms a part of Finance Engineering program’s study process and combines theoretical knowledge of the purpose of dealing with finance engineering and business economy problems. The practice is performed in Lithuanian or foreign companies. During the practice students participates in practical activity of a certain organization as well as engages management and projection of processes in the company. The purpose of the practice for the students is to enshrine study program’s knowledge and increase personal capabilities.
-
VVFRB19702 6 credits
Complex Project of Financial Engineering
Module aim
To apply theoretical and practical knowledge acquired during the studies of the current semester subjects (Personal finance, Management of investment, Financial engineeringwhile solving the problems of financial engineering; to provide skills to gather, analyse, interpret data, prepare and evaluate decision alternatives; to train students take rational complex decisions related to finance and investment.
Module description
The complex project of financial engineering covers the theoretical knowledge and practical skills acquired during the studies of the current semester subjects (Personal finance, Management of investment, Financial engineering), while solving the problems related with financial business and public sector processes, as well as individual financial problems.
By preparing the complex project, students:
– perform literature, scientific works and good practice examples analysis, related to Personal finance, Management of investment, Financial engineering;
– gather, analyse and interpret data for particular problem solving related to country financial market development, personalfinance and investment management;
– prepare and evaluate the decision alternatives and propose economically reasoned solutions. Students must attend at least 60 % of the time scheduled exercises. -
VVFRB17704 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. -
VVFRB16722 3 credits
Bachelor Graduation Thesis 1
Module aim
To develop skills of self-expand, deepen and apply of knowledge of Financial Engineering study program, identifying relevant modern financial management problems, with possible alternative solutions, aiming and formulating tasks for solving identified problems and providing the algorithm for the tasks solution, analysing resources necessary for of the decision making.
Module description
In the Bachelor’s final thesis 1 theme corresponding Financial Engineering study program is selected and formulated, the relevance of problem is justified, the chosen problem and possible alternative solutions are described and specified, the object of the thesis is described, the aim and tasks are formulated, extended thesis plan is prepared, the scientific and specialized literature on the topic and a list of initial summary is presented. Students must attend at least 60 % of the time scheduled exercises.
-
VVFRB19701 3 credits
Financial Engineering
Module aim
To provide students with theoretical and practical knowledge about the essence, object and methods of the subject of financial engineering, about the possibilities of applying derivative financial instruments, and to give students the ability to practically apply advanced methods of creating and managing an investment portfolio.
Module description
The Financial Engineering course examines financial theory, the operation of the financial system, financial behavior and investment management, linking knowledge in these areas to the examination, evaluation and selection of investment instruments. A lot of attention is paid to derivative investment instruments – forwards, futures, options and swaps. Their profitability, risk, and evaluation are determined in order to make reasonable investment decisions. Quantitative and qualitative research methods are applied, and risk and uncertainty are taken into account when making financial decisions. Students become familiar with modern models, methods and theories of investment portfolio construction and learn how to construct and manage an investment portfolio. Students must attend at least 60 % of the time scheduled exercises.
-
VVFRB17705 3 credits
Investment Management
Module aim
To examine the main and most important theoretical aspects of investment management and base them on empirical research.
To provide the main methods of investment management.
To familiarise students with the management of investment portfolios and its processes, forming the ability to analyse the market situation, reasons, and factors impacting historical price changes of financial instruments.
To teach students to make investment decisions.Module description
The investment concept and the main goals of investment management are analysed. The relevance of investment management as part of financial management is stressed. The main areas of investment management are analysed: management of equity portfolio, management of money market securities and fixed income portfolio, management of derivatives, analysis of investment environment, the uncertainty of markets, and risk management methods. Students must attend at least 60 % of the time scheduled exercises.
8 Semester
-
VVFRB16829 9 credits
Bachelor Graduation Thesis 3
Module aim
to prepare and evaluate alternative solutions in the context of financial engineering, investment;
to make financially and economically reasoned investment-financial decisions;
balance the results of the research carried out in the final work with the main purpose of the work.Module description
In the Bachelor Graduation Thesis 3 results obtained during the research are analyzed and evaluated, their financial aspect is highlighted. Depending on the chosen topic, alternatives to the problems identified in the study are developed, variable dependencies are established, future forecasts are prepared, and proposals are made. The results of the literature and research are summarized, the conclusions of the final thesis are formulated, the proposals are submitted, the work is formalized, and the work is defended publicly.
-
VVFRB19807 6 credits
Bachelor Graduation Thesis 2
Module aim
– to concentrate all the knowledge, skills and abilities acquired during the study process to solve the problem;
– to apply theoretical knowledge of subjects of the Financial engineering study program in solving financial management problems;
– to provide the ability to collect, analyze and evaluate information related to the practical implementation of the final thesis.Module description
In the Bachelor Graduation Thesis 2, the chosen problems, corresponding to the specialization of financial engineering, are analyzed, the research directions and methods are determined, research methodology is prepared, empirical research is carried out. The main requirements of the report are: proper identification of the economic-financial context, the use of quantitative and qualitative research methods and adequate computer programs for solving problems, the implementation of empirical studies, the economic-financial justification of solutions and the assessment of cost-effectiveness.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB22801 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 in financial behavior examines the peculiarities of financial and investment decision-making taking into account human psychology and emotional factors. The relationship between psychology and finance is analyzed, and the impact of investor psychology on the processes taking place in financial markets is analyzed.
Students are introduced to the main financial motives of individuals: having cash, protecting themselves, accumulating money and managing assets. Theories of financial behavior are analyzed: Prospect theory, Theory of Planned Behavior, Social Identity Theory, Heuristics. Students learn to detect and assess emotional and cognitive deviations and are introduced to neurofinance, prevention of criminal behavior, and corporate finance. Using the knowledge and skills provided, students learn to make rational financial and investment decisions at different stages of the life cycle and justify their choices.
Students must attend at least 60 percent of the exercises according to the schedule. -
VVFRB24812 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.
-
VVFRB19810 3 credits
Banking
Module aim
The purpose of the subject of study: to acquaint students with the basics of modern banking theory and practice, to develop the ability to orient themselves and make decisions in typical banking situations.
Module description
The Banking course examines the place of banks as financial intermediaries in the country’s economy. Banking risks and their management and mitigation options are analyzed, and the management of assets and liabilities is introduced. It is taught to conduct an analysis of the financial condition of the borrower. The concepts of investment and private banking, the specifics of the services provided are introduced.
Students must attend at least 60 % of the time scheduled exercises. -
VVFRB19811 3 credits
Insurance Finance
Module aim
To introduce students to the insurance business and finance theory and practice grounds, develop the ability to separate and analyze different types of insurance, to understand the sources of insurance companies’ income.
Module description
Insurance Finance course explores the essence of insurance services, insurance functions, insurance risks. Different types of insurance, their specifics, and financial aspects are analyzed. The management of insurance companies, insurance companies revenue and recovery techniques are introduced.
Students must attend at least 60 % of the time scheduled exercises.
Statistics
| Metric | Value |
|---|---|
| Enrolled students | 20 |
| Enrolled to FT | 11 |
| Min FT grade | 8.54 |