Economics and Data Analytics – students of this programme learn to understand and analyse economic processes at all levels – from user behavior to global economic trends. You will gain knowledge that will help you understand how a company operates, how the country’s economy and leadership decisions affect business, and what changes global trends bring. Studies will open the doors to commercial and central banks, to international investment banking, auditing, insurance companies and other business enterprises.
After graduation you will be able answer these questions:
Does Lithuania need its own cryptocurrency? How to increase credit for business and individuals? What are some alternative financial services models?
Banks, Fintech
What measures the state should apply to ensure sustainability and economic growth? How to formulate a fiscal strategy? How to use monetary policy tools?
Government institutions
How to do a cost-benefit analysis? How to optimize costs? How to maximize revenue? By what means to carry out the analysis of the company’s economic and financial activities? How to diagnose corporate economic problems?
Economic, financial, consulting, audit
How to determine company’s value? How to diversify your investment portfolio? How to analyze large data arrays? How to improve, modify tools for data analytics?
Investment companies
“ISM lecturers value initiative and sincerely want to help students. My Bachelor thesis, written with their assistance, helped me to enter a Master’s degree programme at Oxford University.”
Adomas Klimantas
Alumnus of ISM University
Graduate student of Economic and Social History programme at Oxford University
“Although I have been studying at ISM for only a few months, I am surprised that the university has already taught me to think critically, to study with extreme responsibility, to be more attentive. A highly flexible schedule allows you to make productive use of your time. I applied to the Economics and Data Analytics programme based on my desire to learn not only about factors affecting business, but also about the national economy. I would recommend ISM to anyone who is seeking to broaden their knowledge and meet motivating, like-minded people. This university is distinguished by its environment, stimulating to achieve the maximum of results!”
Danielė Ačaitė
ISM student
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ISM alumni work at these national and international companies
Executives of the largest international companies operating in Lithuania say ISM University provides highest quality education.
2019 Quarterly Lithuanian Investor Confidence Index Survey
“The best talents are the trump card of our company. Without a strong team, it would be hard to be where we are now. The partnership with ISM is an important step in sharing both our experience in raising professionals and their subsequent integration into the labour market and becoming our colleagues.”
Tom Okman
One of the founders of Tesonet
“At Moody’s we believe that our culture of inclusion helps us to achieve our goal of helping people make better decisions. We are proud to be a diverse and global team and we recognize we have an important role to play by investing in the communities where we work, not least because we’re ambitious to recruit and retain the best talent in the future. Through our partnership with ISM University of Economics and Management, we are committed to helping young leaders of all backgrounds make the most of their potential.”
Mariano Andrade Gonzalez
Lithuania Country Head
“In Coca-Cola HBC, we are looking for employees with a growth mindset, curiosity and braveness to challenge our processes, to contribute to the Growth Story of our organisation. We believe that we can offer ISM students unlimited opportunities for personal and professional growth via real business projects, career assignments and help unbottle their potential. If you are an ISM studento or alumni, join us, refine your limits and enjoy your Coca-cola career journey.”
Liza Shybanova
HR Manager of Coca-Cola for Poland and the Baltics
“ISM students have the necessary qualities: they can analyse problems, express ideas, know how to work with numbers, learn quickly, communicate well are proactively, are not afraid of responsibility. We have many examples of ISM students who grow from young analysts into experienced experts at Civitta. Their analyses and advice are appreciated by the management of organizations.”
Justė Pačkauskaitė
Managing Partner at Civitta
“In BITĖ many people successfully continue their careers after an internship, and some BITĖ managers have graduated or are currently studying in one of many ISM study programmes. We appreciate the quality of studies and that many of the lecturers are experienced practitioners.”
Pranas Kuisys
Executive Director at Bitė Lietuva
“ISM students and alumni are highly valued by us and our clients. They have the necessary competencies and personal qualities, such as understanding the basics of business, positive attitude, excellent English, and the ability to deal with different situations.”
Andrius Francas
Partner at Alliance for Recruitment
General information
Duration
3 years + bachelor thesis
Study language
Degree
Bachelor of Social Sciences
Additional opportunity – double degree at BI Norwegian Business School, which is among 1% of Business Schools in the world to hold the Triple Crown accreditations (AMBA, EQUIS & AACSB)
Study form
Spend part of the course in Lithuania and in Norway
Partner university
on average higher salary compared to graduates of other LT universities
Data: Lithuanian Government Strategic analysis center, graduates of economy, finance and management, 2017
average salary after tax 2-3 years after graduation
Survey of ISM graduates 2019
graduates would recommend studies at ISM to friends or family
graduates are employed in their degree field
lecturers from abroad
owns a business
Show more Show less
Code
FUN107
Credits
6
Language
Course description
This is an introductory course of statistical data analysis, designed for the students of the Economics and Politics program. The material covered in the course includes methods of data collection, analysis, presentation of results as well as the use of statistical data analysis software, SPSS®. The course encompasses methods of descriptive statistics, statistical estimates, data comparison hypothesis testing, correlation as well as regression analysis. During the laboratory sessions students will learn to use the statistical data analysis software, SPSS®, types of data, user tools, as well as procedures for data analysis and presentation. Statistical methods and SPSS® software will be applied to the analysis of concrete economic and political data.
Course aim
The goal of the course is to provide students with the theoretical knowledge and practical skills necessary for the analysis of economic and political data. At the end of the course the students should be able to identify and apply the key methods of data analysis, carry out the analysis using specialized software, and to interpret the results.
Learning outcomes
ECO105
Course Syllabus: ECO105 Econometrics
Annotation
This is an introductory course to econometrics with emphasis on its applications. During the lectures and practical exercises the main focus will be on helping students to learn modern methods of empirical analysis and their practical application using an appropriate software (mainly GRETL) to the real world data sets. The main topics cover regression analysis including an introduction to panel data regression (fixed effects model), binary response models (linear probability, logit, and probit models), introduction to time series, and simultaneous equations. Students are taught how to build a suitable econometric model, understand the strengths and limitations of empirical methods, correctly interpret results and draw valid conclusions.
Aim of the course
The aim of the course is to introduce main empirical methods of economic data analysis and to provide their theoretical foundations.
Lecturers
ECO108
Course annotation
This course is intended to provide a comprehensive introduction to forecasting methods with an emphasis on application of statistical techniques to analysis and prediction of economic time series. Various relevant topics will be covered, such as: simple and multiple regression, basics of statistical hypothesis testing, model building and evaluation, criterions of forecast accuracy, autoregressive model, testing for stationarity of time series, testing for Granger causality by classical (1969) and Toda-Yamamoto (1995) methods, time series decomposition, seasonality and trend, exponential smoothing, autoregressive integrated moving average (ARIMA) model, Hyndman-Khandakar (2008) method for choosing ARIMA model order, time series intervention analysis by ARIMAX model. Practical examples having real-world relevance will be provided and students will be involved with hands-on experience of modelling and forecasting. Assignments will be solved using R packages and GRETL, but other econometrical software can also be used (for example: Excel, EasyReg, Statgraphics, RATS, GAUSS, JMulTi, SPSS Trends, S-Plus FinMetrics, Stata, Matlab, E-Views, SCA, SAS, OxMetrics).
Aim
The course is aimed at the students who need to have a basic knowledge of methods for time series analysis and obtain practical skills of forecasting, with a focus on economic applications.
ECO104
This course is an introduction into the contemporary debate on the changing patterns of global economy and challenges the world is facing. The course deals with three major aspects of the global economy, firstly the trans-national economic flows, such as trade in goods and services, migration, financial transactions and investment. The problems are discussed before the background of international micro- and macro-economy. The aspects covered are balance of payments dynamics, exchange rate regimes, national income accounting, terms of trade, etc. Secondly the course deals with the downsides of economic globalization such as the underlying reasons for crises and their effects on the economy, poverty and environmental degradation. Thirdly the course looks at the actors in the global economy: international organizations, national governments, non-governmental organizations, multinational corporations and regional integration initiatives. Hereby the motives, interest and interaction of the actors is scrutinized and furthermore the development of the global economic governance system is discussed.
Aims of the course
The Global Economics course aims to equip students with necessary analytical tools for analyzing and critically assessing the current dynamics of global economy and challenges the nation states face in their pursuit of economic welfare.
FIN105
Course Syllabus: FIN105 Financial Markets and Institutions
This course will explore the history of economic thought ranging from Plato to the modern day. In the lectures we will examine the most important and influential thinkers of their time, while also including the historical context that influenced the ideas presented. The course will not strictly follow a chronological evolution of the theory, but instead is designed in a way to capture the evolution of economic thought: the arguments, debates, agreements, and disagreements.
The History of Economic Theories course aims to equip students with the historical knowledge of history’s most influential economic ideas in order to promote argumentative skills, critical thinking, and a deeper understanding behind the evolution of modern economic thought.
MNG101
Course Syllabus: MNG101 Principles of Economics, Business and Management
This is an introductory course of basic micro- and macroeconomic concepts, as well as of fundamentals of management theory. Topics include supply and demand theories, market structures/ factors, the determinants of business strategy and various aspects business organization. The course will have a focus on international economics and global business behavior. It will stress on preparing students for a successful career, using economic and business concepts in a market oriented society. It shall also serve as a foundation upon which students can build advanced studies in economics.
The objective of Principles of Economics for Business and Management syllabus is to provide students with a basic understanding of how the economy as a whole works. The participants shall be exposed to basic economic concepts, in order to gain a framework for viewing and interpreting the economic and business world around them. This course acts as prerequisite for the Microeconomic and Macroeconomic courses.
1 year
1 semester
2 semester
2 year
3 year
4 year
FUN133
3
Course Syllabus: FUN133 Formal Logic
Dalyko anotacija
Šiame įvadiniame logikos kurse nagrinėjami šio mokslo pagrindiniai klausimai, tokie kaip fakto ir proto tiesų skirtingumas, mintinių struktūrų formalios analizės prielaidos, pagrindiniai loginiai santykiai (tautologija, kontradikcija ir išvedamumas), išvestinio žinojimo loginio pagrįstumo klausimai, formalūs ir neformalūs reikalavimai įrodymui, pagrindiniai įrodymo metodai. Kurse supažindinama su paprasto kategorinio silogizmo teorija, išsamiai pristatoma ir taikoma teiginių logikos teorija. Didelis dėmesys skiriamas natūralios kalbos formalizavimo praktikai, kalbinių išraiškų vertimui į ekvivalentiškas išraiškas, samprotavimo bei įrodymo loginės analizės metodams, teiginių analizei neprieštaringumo požiūriu. Pagrindiniai kurse taikomi analizės metodai: matricų (teisingumo lentelių) metodas, tiesioginio, sąlyginio ir netiesioginio įrodymo metodai, Venno diagramų metodas.
Dalyko tikslas
Supažindinti studentus su teoriniais logikos mokslo pagrindais, pagrindiniais loginės analizės metodais bei jų taikymu.
Dalyko studijų siekiniai
IT102
Managing customer demands in this digitally-powered market is an uphill task. Businesses must look into large amounts of data in order to derive valuable and actionable insights that can guide improved decision-making processes. This is challenging to implement without utilizing technologies such as Artificial Intelligence (AI), Data Science, as well as Predictive Analytics. Out of all these technologies, Artificial Intelligence has played the most significant part in transforming the way business is done today.
IT101
The exponentially increasing amounts of data being generated each year make getting useful information from that data more and more critical. The information frequently is stored in a data warehouse, a repository of data gathered from various sources, including corporate databases, summarized information from internal systems, and data from external sources. Analysis of the data includes simple query and reporting, statistical analysis, more complex multidimensional analysis, and data mining in business.
ECO121
Course Syllabus: ECO121 International Economics and Trade
This course is an introduction into the contemporary debate on the changing patterns of the international economy and challenges the world is facing. The course deals with three major aspects of the global economy, firstly the trans-national economic flows, such as trade in goods and services, migration, financial transactions and investment. The problems are discussed before the background of international micro- and macro-economy. The aspects covered are balance of payments dynamics, exchange rate regimes, national income accounting, terms of trade, etc. Secondly the course deals with the downsides of economic globalisation such as the underlying reasons for crises and their effects on the economy, poverty and environmental degradation. Thirdly the course looks at the actors in the global economy: international organizations, national governments, non-governmental organisations, multinational corporations and regional integration initiatives. Hereby the motives, interest and interaction of the actors is scrutinised and furthermore the development of the global economic governance system is discussed.
Aims of the Course
The International Economics and Trade course aims to equip students with necessary analytical tools for analyzing and critically assessing the current dynamics of the international economy and challenges the nation states face in their pursuit of economic welfare. In particular, this course aims to:
IT103
Course Syllabus: IT103 Computer Programming
This course is based on the Harvard CS50x course curriculum – introduction to the intellectual enterprises of computer science and the art of programming. Through the course, students learn how to solve real-life problems in the most efficient way using algorithms. The course introduces problem-solving, which is inspired by the arts, humanities, social sciences, and economics especially. No prior knowledge in programming is required. Students are expected to create a personal final project. The course will examine in depth the programming fundamentals.
The aim of the course is to learn essential programming skills and get hands-on experience by solving real-life problems. The course aims the need for leaders to understand the principles of IT products’ development for effective decision making.
ECO102
Course Syllabus: ECO102 Macroeconomics
This course is the basic macroeconomics course. During it main topics of macroeconomics will be covered. In lectures and seminars students will learn about economic indicators, goods, financial and labour markets, aggregate demand and supply, economic growth, open economy and exchange rate mechanisms, financial and monetary policy. Students in the course not only will learn Macroeconomic concepts and analyze theoretical Macroeconomic models but also will try to solve practical macroeconomics problems in Lithuania and EU.
This is a course in intermediate macroeconomics, designated for students with knowledge in basic economics. Its objective is to present theoretical knowledge and practical skills required for studying the overall economic structure of a country. Students will know how to analyze the most important macroeconomic phenomena, and the impact of governmental macroeconomic policies on participants in the economy. This course trains skills in comprehension and analysis of macroeconomics policies.
• Understand the main theories in macroeconomics. • Analyze and model macroeconomic phenomena. • Evaluate governmental fiscal and monetary policy. • Graphically model macroeconomic situations. • Relate real economic experiences to theory. • Identify economic situations at the national and global level. • Develop researching skills.
ECO101
This course provides an introduction to analysis of economic behavior. The ability to predict market outcomes is indispensable not only for a sound business strategy but also for a meaningful public policy. The main focus of the course is on optimal decision making, understanding determinants of demand and supply, market equilibrium, strategic behavior, and welfare analysis. Introduction to choice under uncertainty and the general equilibrium analysis is also covered.
The course should teach an analytical approach to the functioning of the market mechanism, economic behavior of market participants, market environment impact on competition, and business strategies. Students should acquire the skills and the ability to apply microeconomic analysis and optimization methods to a large variety of economic problems.
FIN114
Course Syllabus: FIN114 Principles of Finance
This is an introductory course in finance. Course objective is to provide students with the basic knowledge in finance and to form the background for the further related studies. Course presents students with an overview of financial concepts, terminology, and principles, introduces to the financial management methods applicable to the personal and business practices (including SMEs and companies). Course covers basic financial theories, and their relevance to the financial management and investments. Introduction to finance course combines theory with practical examples, using case discussions and simulations.
The course objective is to introduce students to the main elements, methods and principles of finance. It will provide basic knowledge and skills applicable to personal and managerial finance. Course starts with the general overview of finance, introduces to financial concepts, instruments, and techniques used in financial decision making. The first part of the course focuses on basic financial data, financial statements, cash flow, also main financial concepts as time value of money, risk and return, interest rates. The second part of the course deals with financial management.
FIN104
Course Syllabus: FIN104 Public Finance
This course is a one-semester introduction to Public finance. Public finance is the branch of economics that focuses on the role of government in the economy. In this course we will study the role and the size of public sector, including the rationale for public sector existence (public goods, market failures) and government interventions (taxation policy, income redistribution).
Students will become acquainted with the theoretical foundations of how the government affects the economy, in addition to being exposed to a variety of empirical research. Students will gain experience in critical thinking and will learn about the theoretic basis of the economic arguments used by politicians.
This course aims to introduce to students the main concepts of Public finance: the role of the state in the economy, public goods and market failures, policy of taxation and income redistribution. Attention is also given to fiscal policy issues.
Course Syllabus: FUN107 Statistical Data Analysis
ECO124
15
This is a practical course meant to provide students with opportunities to apply the acquired knowledge and skills in practice when dealing with real economic tasks. The students that go on internship in a business company master the practical aspects of organisational economics. The students that go on internship in state institutions get to know their functions and activities, including their importance in executing the national economic policy. When on internship, students deepen their understanding of the external and internal factors that influence the activities of business companies or state institutions. The students that go on internship in a business company prepare the company’s economic analysis report. The students that go on internship in a state institution prepare the country economic analysis report. Students shall submit their reports to the Studies Department by the deadline indicated in the internship schedule and shall present (defend) it in the class.
Aim of the module
The economic internship module is meant to help master different aspects of organisational economics or macroeconomics. During the internship students work in selected company. There are two ways of finding a company for an internship:
Overall volume of internship is 15 credits (405 academic hours). Out of them:
ECO106
Course Syllabus: POL138 Political Economy
This course introduces students to the interplay between political institutions and economic processes and outcomes. The course consists of two parts. In part one, students will learn the key theories of economic growth (Neoclassical, Endogenous Growth, Import Substitutions Industrialization), as well as the historical background of the attempts at economic development throughout the XX century. In the second part of the course, students will learn about the consequences of key political institutions (regime type, voting rules, structure of interest group competition) for the implementation of economic policy, as well as for such economic indicators as the size of government, corruption, re-distribution and economic growth. The main goal of the course is to provide theoretical knowledge and practical tools that are required for academic research of economic policy as well as for practical policy-related decision-making.
This course unit aims to provide an understanding of theoretical and empirical issues, regarding decision-making in the matters of economic policy: redistribution, fiscal policy monetary and exchange rate policies, industrial policy and measures to prevent corruption.
ECO107
Course Syllabus: ECO107 Managerial Economics
Managerial Economics course is the synthesis of economic theory and decision making in practice. Quantitative tools rather than intuition should be used when making important managerial decisions. Some mathematical techniques are used in this course, but understanding the logic of decisions is more emphasized. The key goal of this course is to equip students with the skills for analyzing data and understanding the outcome of such analytics for the purpose of making sound managerial decisions.
The Managerial Economics course is organized for bachelor students of economics. It aims to discuss central decision problems the managers face in a day to day business environment and to provide the tools of economic analysis for making these decisions. The course not only concentrates on economic analysis and its tools, but also puts emphasis on managerial decision-making process.
Learning outcomes:
FUN101
Course Syllabus: FUN105 Mathematical Methods in Econoimics
Students learn to solve first and second order differential and difference equations and apply them in economic problem solving. The main attention of this course is focus on static and dynamic optimization techniques and their application in day-to-day problems and decision making of economics and management.
This course aims to broaden the knowledge and skills in advanced mathematical analysis, which is usually applied in solution of various economic problems.
Course Syllabus: FUN101 Mathematical Analysis
The course covers topics on limit, differential, and integral calculus as the basis for modelling of various phenomena in economics, management, and engineering.
Aims
This course aims to develop skills for mathematical modeling of basic economical, managerial, and engineering problems.
ECO129
Course Syllabus: ECO129 Intermediate Macroeconomics
The contents of the Intermediate Macroeconomics course cover five main topics. It starts with the discussion on the main macroeconomic indicators. Then we have three topics based on different term perspectives. We start from the economy in a medium run (analyzing problems of open economy, inflation and unemployment). From that we turn to analysis of growth theory (economy in a long run) and after it we are studying Business cycle theories about economic fluctuations in a short run. The course finishes with the topic on macroeconomic policy and its debates.
This is a course in intermediate macroeconomics, designated for students with knowledge in basic economics. Its objective is to present theoretical knowledge and practical skills required for studying the overall economic development of a country. Students will know how to analyze the most important macroeconomic phenomena from different aspects, and the impact of governmental macroeconomic policies on participants in the economy. This course trains skills in comprehension and analysis of macroeconomics policies.
FUN118
Course Syllabus: FUN118 Quantitative Decision Making
Summary
This is a practical course dealing with the mathematical models supporting decision making in various fields of social sciences and practical environment, i.e. management, economics, and politics. In particular, what-if analysis, forecasting, optimization, multi-criteria decision making and data analysis are dealt in the course. Computer spreadsheets are used all over the course.
Objectives
Objectives of the course include:
ECO122
Course Syllabus: ECO122 Welfare Economics
Welfare economics is a branch of economics that focuses on the optimal allocation of resources and goods. This course integrates discussions relating economic theories to different notions of social justice and historical developments of welfare state. Welfare state theories and concepts are discussed during the course not only in terms of equity reasons but in efficiency terms also. The course introduces crucial debates about the borderline between state and market. Various aspects of welfare state are analysed with help of two broad questions: what are the aims of policy and by what methods those aims are best achieved? Each society faces questions related to scope of redistribution (of wealth, income, power etc. and how much of it should be there) and methods that are employed to organise economic activities (market, central planning, mixed economy) in order to achieve societal economic and social goals. Those two broad sets of questions are the main axis for discussions during the course. In order to enhance such discussions the course examines origins and dissemination of welfare state, two main social welfare traditions (Bismarckian and Beveridgean) as well as comparative welfare state typologies (liberal, conservative and social-democratic). Basic principles of social insurance, role of private and public sector in social insurance provision are covered during the course. The course examines in detail retirement pensions and their financing mechanisms (pay as you go and funded), social assistance principles, its organisational aspects and main types of benefits. Special attention during the course is paid to income inequality, poverty and social exclusion, their measurement methods. International aspects of social security regulation are also discussed.
Aim of this course is to enable students to develop a basic understanding of main topics in the economics of welfare state in democratic market economies. Students are expected to be able to define central concepts and apply these in basic discussions about the role of the state and the individual in provision of welfare (in terms of efficiency, social justice and equality) and some of the major issues in the design and financing of welfare state provisions. Moreover it is important for the students to be able to apply concepts and theories to practical policy debates both domestic and global.
ECO103
Course Syllabus: ECO103 History of Economic Theories
FUN103, LT
Course Syllabus: FUN103 Finite Mathematics
Course covers introduction to linear systems, matrix algebra, linear programming, graph theory, introduction to probabilities, game theory, and various applications.
This course aims to develop skills for mathematical modeling of basic social and economical phenomena.
ECO116
A bachelor’s thesis is an independent thesis that recapitulates and broadens the knowledge, skills and abilities gained during studies and validates the awarded bachelor’s degree in economics. In terms of the content and methods of analysis, the bachelor’s thesis directly and indirectly incorporates the subject matter of various disciplines into a single whole.
It is expedient to analyse relevant macroeconomic issues and issues of financial markets and institutions in the bachelor’s thesis. After choosing economic issues relevant to a company for analysis, it is recommended to carry out economic assessment of companies to justify their manufacturing or investment decisions. It is appropriate to analyse the optimisation problems of company activities.
The bachelor’s thesis is written in the eighth semester of studies; 15 ECTS credits are allocated to the thesis. The thesis can be written in either Lithuanian or English.
HUM108
Course Syllabus: HUM108 Academic Writing and Presentation Skills
Akademiniai darbai ir darbų pristatymas priklauso mokslo darbų sričiai, todėl turi atitikti bendruosius tokio tipo darbų reikalavimus tiek struktūros, pristatymo ir įforminimo, tiek turinio atžvilgiu. Kokybiški akademiniai darbai rašomi ir pristatomi moksliniu stiliumi, taisyklinga, aiškia ir tikslia lietuvių kalba. Akademinio rašymo ir prezentacijų kurse aptariama akademinių darbų struktūra (įvadas, dėstomoji dalis, išvados), mokslinio teksto struktūra. Studentai mokosi analizuoti mokslinį tekstą ir pristatymus, juos redaguoti ir tikslinti, įsisąmonina normas, ir mokosi kurti savo individualų mokslinį tekstą, juos įforminti pagal bendruosius darbų reikalavimus, įvertinti teksto kokybę ir išsakyti ir pagrįsti savo nuomonę. Aptariamos mokslinio stiliaus stilistinės ypatybės: abstraktumas, tikslumas, objektyvumas, logiškumas, jų lingvistiniai požymiai ir raiška tekste ir žodinėje prezentacijoje.
Darbo tikslas
Kurso tikslas – įgyti žinių apie akademinių darbų struktūrą, svarbiausias mokslinio stiliaus ir rašymo ypatybes, specifines mokslinio stiliaus raiškos priemones ir tų darbų įforminimą, žodinį pateikimą, tobulinti įgūdžius kuriant individualų mokslinį tekstą, jį tinkamai įforminti ir pristatyti.
HUM164
To reach excellence as a student and as a (future) leader, it is not only necessary to develop hard skills, but also to master soft skills through which we can develop and improve ourselves, and our relationships with others and that are valued by and sought of by the employers. Taking on an explicit psychological perspective, this course will provide students with the necessary theoretical knowhow and practical tools that should enable them to both understand and apply pathways to (inter)personal, and intellectual success and to emotional flourishing. Topics that will be covered are: “self and personality”, “self-efficacy and motivation”, “creativity”, “critical thinking”, “self-management” and “self-branding”. At the end of this course students are expected to have become acquainted with and have mastered a range of soft skills that are quintessential for personal and career development.
HUM132
This course introduces the consecutive evolvement of art processes, and their analysis, based on contemporary methodology in studies on art, aesthetics, and the philosophy of art.
Analysis of a work of art. The goals of this part for students are to learn to analyse a work of art, and reveal the premises and structure of its creation; and determine its meaning and lasting value. The following will be the major topics of discussion: Contents and form, light and colour, composition, style, beauty and truth, rebirth and reality, will and spontaneity of the artist, and the relationship of art with myth, religion, and civilisation. Evolvement of art. Making use of analysis methodology, the evolvement of art, where European art is compared to Eastern art, ranging from primitive to contemporary, is introduced. Creativity. Creations in painting and sculpture. Accented are the realistic–abstract and semblance–realistic projections in art. Training in creativity of which one purpose is communication will assist a more intensive integration into cultural sphere of the information technology era.
Concepts of art and the culture. Sociogenesis of the concepts of the culture and civilization. The nature of culture: sociological and humanitarian approaches.The theories of reflection: neomarxism, unctionalism, Weber. Social change and culture: Inglehart. Phenomenological approach to the culture. Neo-structuralism. Critical theory.
Aims and objectives
Recognition of creative acts – one purpose for such is communication – will assist a more intensive integration into cultural sphere of the information technology era.
After completing this course, students will be able to:
MNG112, LT
The course is designed as an introduction to the LEGAL environment of business , thus it concentrates on the basic principles and the core concepts rather than analysis of the legal rules, covering in more detail only those, which are vital for every practitioner in the field.
Course objective
To enable the student to develop an understanding of the legal framework of business, to develop an understanding of the purpose and logic of the law, to develop a vocabulary which will be helpful in the future and to develop a general knowledge of how the law affects the business world.
FIN108
The course unit covers the major theories in financial risk management, modern risk management methods and instruments. The students get acquainted with derivative financial instruments (options, forwards, futures, swaps) and their application in the management of credit, currency, liquidity, counter-party risk as well as the concepts of operational risk and risk budgeting.
The course unit introduces students to the major streams of thought in the contemporary general risk management. It focuses on the risk management methods and techniques from the view of a corporate risk manager; however certain differences of risk management on sovereign as well as personal level are discussed.
The course unit aims to provide to undergraduate students understanding of principles of risk management theory as well as to help to develop certain skills that would enable students to identify risk management problems and to offer most common solutions to them.
“Lecturers at ISM University share a common goal – to create value for students. Sincere collaboration and lecturers support create a special environment that encourages improvement. ISM University is also represented by exceptional students, who have their own attitude towards the world, who you not only teach but can also learn from.”
Prof. Dr. Tadas Šarapovas
Head of Economics and Data Analytics programme
In his lectures Tadas weaves together theory and practice which he gained in consulting international companies
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Register for a consultation and we will help you find the best financial offer!
Lukas Tarasevičius,
I recommend everyone not to hesitate and take an Exchange step that can change your life!
All feedback
Karolis Stramkauskas, France
International exchange programs are one of the most important experiences that students should not miss. I was selected for a bilateral exchange in Colorado, USA, and had a great opportunity to expand my knowledge and cultural diversity.
Simona Rybakovaitė, Australia
The exchange program in Australia is the best thing that has ever happened in my life: I have met a lot of different people with whom I have been in very close contact so far, I have seen the amazing nature, cities, and culture of Australia. I’ve attended memorable parties and festivals!
Paulius Rauba, South Korea
During my studies, I went to South Korea with an exchange program, represented ISM in Japan, and participated in various debates and business competitions abroad. It was a great opportunity to gain international experience while living and studying in Vilnius.
After graduation, you will be able to
Explain, analyze and model economic processes at micro and macro levels and manage them in a dynamic environment.
Explain
To improve tools of economic and financial indicator analysis, to adapt, apply analytical and forecasting methods to practical circumstances.
Improve
Apply the acquired professional competencies in the areas of organization economics, investment, finance and risk management and economic analysis and forecasting.
Apply
Predict economic scenarios, anticipate the economic consequences of decisions made in companies and organizations, and forecast potential changes in demand and supply.
Forecast
Develop competencies in data analytics, computer programming, data processing that are essential for economic phenomenon analysis and / or economic decision making.
Develop
General admission : ?
Admission is underway
:
Additional admision :
2021-07-20 – 2021-08-10
Jokūbas Karnauskas
Economics and Data Analytics
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Other undergraduate programmes
Studies which introduce a business and its various processes from various angles.
Program aims to let you see the world of business from all angles – communication, marketing, social responsibility, and international economics.
This programme erases the traditional boundaries between the disparate fields of economics, political science, and business.
This forward-looking program is meant for 21st century management professionals who want to be at the forefront of the constantly-evolving field of industrial technology.
This program equips future financial experts with skills that will respond to technological changes and global market trends.
Corporate Governance and Business Law (MNG240)
Customer Relationship Management (MNG244)
Neuromarketing (MNG238)
Business Ethics and Sustainability (MNG239)
Financial Accounting (FIN101, LT)
Marketing Principles (MNG103)
Principles of Finance (FIN114)
Statistical Data Analysis (FUN107, TVK, ITV, VVA)
Business Research Methods (MNG165)
Entrepreneurship (MNG110)
International Business (MNG108)
Internship (MNG144)
E-Commerce (MNG154)
Organizational Behavior (MNG107)
Bachelor Thesis (MNG120)
Microeconomics (ECO101, E, BMM)
Macroeconomics (ECO102)
Strategic Management (MNG109)
Mathematical Analysis (FUN101, LT)
Financial Management (FIN102)
Principles of Economics, Business and Management (MNG101)
Academic Writing and Presentation Skills (HUM108, LT)
International Economics and Trade (ECO121)
International Negotiations (MNG173)
International Business Communication (MNG140)
International Marketing (MNG124)
Internship (MNG155)
Microeconomics (ECO101, IBC)
Macroeconomics (ECO102, TVK)
Bachelor Thesis (MNG157)
Mathematical Analysis (FUN101, EN)
Quantitative Decision Making (FUN118, EN)
Academic Writing and Presentation Skills (HUM108, EN)
Financial Accounting (FIN101, EN)
Macroeconomics (ECO102, E, EP, ITV)
Microeconomics (ECO101, F, EP, ITM)
Mathematical Methods in Economics (FUN105, EN)
International Relations (POL104)
Internship (POL116)
History of Political Ideas (POL137)
Principles of Finance (FIN114, EN)
Introduction to politics (POL101)
Comparative Politics (POL103)
Finite Mathematics (FUN122)
Bachelor Thesis (POL117)
Public Finance (FIN104)
Statistical Data Analysis (FUN107, E, EP, F)
Social Research Methods (FUN108)
Political Economy (POL138)
Managerial Economics (ECO107)
Intermediate Macroeconomics (ECO129)
Welfare Economics (ECO122)
History of Economic Theories (ECO103)
Econometrics (ECO105)
Technical Graphics (FUN134)
Computer Programming (IT103)
Technology Project (MNG211)
Internship (MNG213)
Foundations of Manufacturing Technology (FUN126)
Physics (FUN131)
Data Management (FUN119, EN)
Bachelor Thesis (MNG214)
Operations Management (MNG152)
Innovation Management (MNG162)
Managerial Accounting (FIN103, EN)
Total Quality Management (MNG164)
Project Management (MNG163)
Financial and Business Ethics (MNG237)
Finite Mathematics (FUN103, EN)
Internship (FIN119)
Corporate Finance (FIN117)
Advanced Financial Accounting (FIN118)
Bachelor Thesis (FIN120)
Personal Finance (FIN115)
Investment Management (FIN107)
Financial Markets and Institutions (FIN105)
Internship (ECO124)
Mathematical Methods in Economics (FUN105, LT)
Quantitative Decision Making (FUN118, LT)
Economic Forecasting (ECO108)
Finite Mathematics (FUN103, LT)
Bachelor Thesis (ECO116)