Bachelor’s programme

Economics and Politics

This programme erases the traditional boundaries between the disparate fields of economics, political science, and business. Afterward, you’ll be ready for jobs like analyst, manager, politician, or scientist.

Paulius Rauba. ISM, Ekonomikos ir Politikos bakalauro studijos.
Studies at ISM provide many development opportunities not only by listening to lectures, but also by participating in politics, debate clubs, and international events.
Paulius Rauba
Oxford and ISM Universities alumnus, Cambridge University Ph.D. student. He completed his studies at ISM free of charge, having received a “100 talents” scholarship
Bachelor’s programme

Get to know the study programme

This programme erases the traditional boundaries between the disparate fields of economics, political science, and business.
English
3 years + 6 months bachelor thesis
Bachelor of Social Sciences
210 ECTS
Learn Game Theory: Economics and Politics
10:44
Dr. Vincentas Vobolevičius
Economics and Politics Program Director
At ISM I am surrounded by curious, positive students and dedicated, professional lecturers.
Vincentas Vobolevicius. ISM, Bakalauro studijos, Ekonomikos ir politikos programos vadovas.
#SignatureCourses
Doc. dr. Pijus Krūminas
Comparative Politics
Comparative politics focuses on a wide range of political aspects and processes that take place between countries, from dictators to political parties, from elections to revolutions. During lectures and seminars, students work with data and engage in simulation games, deepening their understanding of how different political institutions work and their impact.
Pijus Kruminas, ISM Universitetas, bakalauro studijos, Ekonomika ir Politika.
Doc. dr. Aras Žirgulis
Public finances
In this course, you will uncover the secrets of government spending and taxes. The Public Finance/Economics course will provide the tools to critically analyze policy decisions from an economic perspective. Not only will you discuss politics, but you will also understand it. Public finance lectures will bridge the gap between politics and economics, providing knowledge on how to assess the real impact of political actions on economic systems. You will eventually master the art of policy making. By learning how economic theories shape political agendas and influence social outcomes, this knowledge will give you a competitive advantage in any political career or discourse.
Aras Zirgulis, ISM, Bakaluro studijos, Ekonomika ir Politika.
Dr. Vincentas Vobolevičius
Political economy
Political economy is a cornerstone of the Economics and Politics program, representing the synthesis between economics and politics, which serves as a source of knowledge and a wellspring of inspiration for bachelor's thesis topics. Throughout this course, students not only delve into understanding why various economists proposed different solutions to economic growth, income inequality, and technological progress, but also explore the reasons politicians choose to adopt or disregard economists' recommendations. And, just to clarify, it's certainly not because politicians are unintelligent or irrational.
Vincentas Vobolevicius. ISM, Bakalauro studijos, Ekonomikos ir politikos programos vadovas.
Vincentas Vobolevicius. ISM, Bakalauro studijos, Ekonomikos ir politikos programos vadovas.Pijus Kruminas, ISM Universitetas, bakalauro studijos, Ekonomika ir Politika.Aras Zirgulis, ISM, Bakaluro studijos, Ekonomika ir Politika.Vincentas Vobolevicius. ISM, Bakalauro studijos, Ekonomikos ir politikos programos vadovas.
Your studies

Program structure

Semesters
1
2
3
4
5
6
7

What will I learn?

You will abandon popular yet false clichés about politics, economy, and life in general
You will study linear programming, probability and graph theories
You will consolidate knowledge of game theory.

CoursesWhat will I learn?

You will abandon popular yet false clichés about politics, economy, and life in general
You will study linear programming, probability and graph theories
You will consolidate knowledge of game theory.

What will I learn?

You will learn to verify economic and political statements using regression data analysis for different types of data
You will also acquire the basics of finance - from the ability to analyze financial statements to understanding the parts of the financial system and their functions
You will learn what drives cross-border processes: war, terrorism, trade, international organizations and movements

What will I learn?

You will learn to verify economic and political statements using regression data analysis for different types of data
You will also acquire the basics of finance - from the ability to analyze financial statements to understanding the parts of the financial system and their functions
You will learn what drives cross-border processes: war, terrorism, trade, international organizations and movements

What will I learn?

You will study how businesses work
You will learn how to choose the right business model for your business, identify ways to assess the quality of results, create value for the customer, optimize costs, and manage risk.
You will find out how political institutions and the decisions they make determine the “engines” of economic growth, both theoretically and from a historical perspective

What will I learn?

You will learn to apply the acquired knowledge in practice during internship in public or private companies or non-governmental organizations
You will expand your network of professional relations and, if you don’t already have one, you’ll likely get job offers. You will be able to use all the knowledge gained during your studies and internship in writing a bachelor's thesis to solve a real problem in a real company
Your future specialty

What can I be?

Diplomat

Economist

Strategist

International relations specialist

Project manager at EU institutions

Politician

Board consultant

Vilija Milčiūtė, ISM, Ekonomikos ir politikos bakalauro alumne.
In my current job, I often use the intercultural communication skills acquired at the university, I also apply strategic thinking in developing a new refugee integration policy in Lithuania. Last year’s course in Migration Economics and Politics has definitely paid off: it crystalized all my core values ​​on migration. I also find the knowledge of economics extremely helpful in many areas of my work.
Vilija Milčiūtė
Youth Volunteer Service Programme Leader at Jaunimo reikalų agentūra, ISM alumna
Bachelor’s studies

Programme benefits

ISM web programu ikonos
Integrative programme
A unique program combining economics and political sciences.
ISM web programu ikonos
Game Theory
The programme is based on game theory, following the experience of New York University
ISM web programu ikonos
Innovative learning methods
Simulations of domestic and foreign policy (wargaming), strategy modeling, and other innovative learning methods.
ISM web programu ikonos
International accreditation
The programme is recognized with international FIBAA accreditation.

Opportunities abroad

ism university eu parlament study abroad
Unique opportunity

Study tour to Brussels

It’s a unique opportunity to get to know EU institutions!
ISM Universitetas, Bakalauro studijos. Dvigubas diplomas su BI Norwegian Business School.
Double degree program

Double degree with BI Norwegian Business School

Study in Norway, in one of the world’s 1 percent of Triple Crown-accredited universities (AMBA, EQUIS, AACSB).
ism university erasmus
Student exchange

100+ university exchange partners worldwide

One third of which have at least one prestigious business university accreditation (AACSB, EQUIS, AMBA).

ISM community speaks

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ISM Instagram reel campaign
🎓✨ Join us on a little journey behind the scenes 🎬 of both ISM student lives and our campaign #pasiryžęeitipirmyn!
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Karolina Maria Orr Reel ISM Instagram reel
ISM ✈️ NYC
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Kilo Health ISM instagram reel
A colorful Wednesday ✋! Kilo Health hosted our Economics and Data Analytics students at their office to...
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Marius Raugalas ISM instagram reel
How do you remain at the forefront of the ever-evolving #marketing industry?

At ISM I have met many personalities who constantly inspired me to seek more improvement.

Barbora Dulkytė „Moody's“ vyresnioji kainodaros specialistė, ISM alumnė, ekonomikos ir politikos bakalauras.
Barbora Dulkytė
Senior Pricing Associate at Moody’s, ISM alumna

Price, financing, and admissions

Tuition fees

ISM University charges a tuition fee. The fee is paid every semester. The same price applies both to EU and non EU students.

2990 EUR — Economics and Politics

2990 EUR — Economics and Data Analytics

2990 EUR — Finance

2990 EUR — International Business and Communication

2990 EUR — Business Management and Marketing

3490 EUR — Entrepreneurship and Innovation

Application fee

The application fee is 100 EUR.

It must be paid by transfer to the bank account of the ISM University of Management and Economics, and the receipt certifying the payment must be submitted to the enrolment system. Application fee is non-refundable.

Scholarships

Scholarships are available for all bachelor’s programmes

Best International applicants who will be applying for 2023 September intake can get a scholarship that covers up to 100%* of the tuition fee. Once granted, scholarships will continue to apply in the next semester provided that the student’s average mark is not lower than the average mark of the course and the student has no failures or penalties. Only the best applicants will be granted with scholarships by admission committee decision.

Opportunity to get a SCHOLARSHIP up to 100% (only for early applicants)

Students who apply during the early admission period (November 1 – April 30) can expect to get a scholarship up to 100%. To get a scholarship, students are required to take ISM’s Test, which consists of three parts: English language, Mathematics and Logical Thinking.

Scholarships will be issued by the end of May to those students who:

  • Have the highest average grades from school
  • Are highly motivated
  • Perform well on ISM’s Tests

ISM achievement scholarship

Even more motivation to study well at ISM university! Undergraduate students with the highest grades are awarded an Achievement Scholarship, which covers as much as 25 percent of the annual tuition fees.

The university offers as many as 10 Achievement Scholarships for each course. Scholarships are awarded for academic achievement to those with the highest weighted average in the same course. At the end of the academic year, a competitive queue will be formed based on annual students’ results, according to which the Achievement Scholarships are awarded.

If you have any questions, please contact the International Admissions team by e-mail bs@ism.lt

Admission rules

ISM runs a three-step selection process: fulfillment of eligibility criteria, online interviews, and an online Admissions Tests (for candidates who seek a scholarship).

How to apply?

To begin: Check eligibility

To be eligible to apply to ISM, a candidate must meet the following requirements:

  • A secondary school education completed in 2024 or earlier.
  • International English Language Exam or ISM English Test results* :
    • TOEFL (minimum score of IBT 60 points);
    • IELTS (minimum score of 6);
    • Cambridge English test Level B2 Certificate (minimum score of 165);
    • ISM English test (minimum score of 55) ;
    • English state exam result is equal or higher than Level B2 if applicant is from Estonia or Latvia;
  • State mathematics examination or, if the person has not taken this exam, the ISM mathematics test results.

* Individuals, whose previous educational mode of instruction was in English may be exempted from the English language test (applicable to entrants from EU, EEA, CIS and EaP countries). Applicants from the above countries may take the state English language exam instead of the International Foreign Language Exam or the ISM English language test. After the motivational interview, the ISM admission commission reserves the right to request the applicant to take the ISM English language test.

All applicants who fulfill the formal entry requirements are welcome to submit an online application form.

Detailed admission instructions can be found HERE

Investing in studies pays off

1200
Average Lithuanian salary after graduating from other universities
1940
Average Lithuanian salary after completing ISM studies
~130
Monthly payment after graduation when studying with a student loan.*
*When Euribor is equal to 0. More information: State-sponsored student loan

Admission

At ISM University of Management and Economics, you can apply for studies three times a year during the early, main, and supplementary admissions.
Time remaining until the end of early admission
Consultation

Considering studies at ISM?

Register for a consultation and we will answer all your questions! Or have you already chosen a study program? Then apply online.
Contacts
 Ilona Misiuk, ISM International Projects Manager
Ilona Misiuk
International Projects Manager
+370 697 57 586 ilona.misiuk@ism.lt
 Mėta Kvedaravičiūtė, Junior Admissions Officer
Mėta Kvedaravičiūtė
Junior Admissions Officer
+370 612 91 440 meta.kvedaraviciute@ism.lt

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