Meniu

Economics and Politics

Economics and Politics is a regionally unprecedented undergraduate program designed to teach the disciplines as a thematic and methodological whole.  The interdisciplinary nature of the program and its reliance on a single Game Theoretic toolbox reflects today’s reality, where decisions of economic and political agents have become inextricably intertwined.  The program is taught entirely in English and is popular with Lithuanian and foreign students alike.



Economics and politics programme director

Dr. Vincentas Vobolevičius

E-mail: vincentas.vobolevicius@ism.lt






The Economics and Politics Programme looks into the logic and outcomes of decision-making by economic and political actors. Being very closely interrelated, these two areas often influence each other; therefore, to forecast the impact of a political decision on economics, one has to understand both areas very well.

The Economics and Politics Programme relies heavily on game theory and quantitative and qualitative data analysis methods, which enable consistent and efficient examination of economic and political crossing points. The ability to use these tools gives an advantage to those who pursue further studies in the best universities of the world or who choose to work in a non-academic sector.

Distinctiveness of the Programme:
  • A unique study programme in Lithuania as it combines economics and politics;
  • Specialisation in any of the following three fields: international economics, public administration, or politics and state governance;
  • Analysis of global and national political and economic specifics.

Programme learning outcomes

Knowledge and its application

  • To identify the steps of deductive theory building in existing research and to perform these steps in own modelling exercises.
  • To explain the detailed arguments of the main theories (e.g. IS-LM Model, Median Voter’s Theorem, etc.) and to present the logical intuition behind cutting-edge models in the fields of macroeconomics, public finance and political institutions.

Research skills

  • To perform basic formal modeling exercises, using Decision Theory, Game Theory and Public Choice Theory tools.
  • To evaluate reliability of primary and secondary data sources and to perform rigorous econometric analysis of secondary data.

Special abilities

  • To interpret how cognitive and cultural factors impinge on validity of economic and political theories in real world settings.
  • To propose economic policy solutions and to evaluate their effects on individuals, companies and other entities in the light of theoretical knowledge and empirical measurement.

Social abilities

  • To apply ethical principles in academic and professional environment.
  • To communicate and to work effectively in the intercultural and interdisciplinary teams.

Personal abilities

  • To apply systematic, critical and constructive thinking in problem solving.
  • To use personal and inter-personal skills for effective communication with professional and other audiences.
  • To develop independent learning skills necessary to continue studies on a graduate level.