This programme erases the traditional boundaries between the disparate fields of economics, political science, and business. Professors from world-renowned universities in the United States and Europe will help you understand how these different topics influence each other. You will learn the proper application of game theory and be able to perform the critical analysis required to evaluate global events. Through this program, you will develop forecasting skills that will let you assess ongoing trends and identify their potential consequences for a business or national economy. The program will provide you with the professional competence you need to become a business analyst, manager, or an academic, both in European and global political-economic organizations.
Graduates of this program often choose to pursue a master’s degree at a prestigious universities around the world, such as Oxford, Harvard or London School of Economics.
After graduation you will be able to answer these questions:
Should Lithuania open new embassies in African countries? If so, where and why?
Government institutions
What competencies do Lithuanian schools lack to easily integrate returning expatriate children? How much will it cost to implement such competencies?
Consulting firms
How to obtain reliable information on gross capital formation in Turkmenistan and use this information to develop a comparative ranking for all countries?
International organizations
Does the introduction of a socialist welfare state model weaken communities’ resilience to external shocks?
Academic career
“During my studies, I traveled to South Korea with an exchange program, represented ISM in Japan, and participated in a variety of debate and business competitions abroad. It was a great opportunity to gain international experience while living and studying in Vilnius.”
Paulius Rauba
ISM alumnus who studied for free thanks to ISM Excellence Scholarship Program
“Although I have only been studying at ISM for half a year, this university and study programme have shown me how to combine these two sciences and look at the subtleties of the economy through the prism of politics. This ability gives the program its uniqueness. I am also fascinated by the guest lecturers, who come from abroad, providing the most relevant knowledge and expertise.”
Silvija Bagrovaitė
ISM student
Member of ISM’s Marketing club
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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
“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 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
“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
“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
“We value the professional training and versatility of ISM students and graduates – their knowledge is relevant, based on the latest international practices and easily adaptable to real business problems. We are glad that we attract energetic people, whose desire to improve and achieve the best results allows us to implement the most ambitious business ideas.”
Monika Statulevičienė
Head of Talent Acquisition and Employer Brand at Ignitis Grupė
“Initiative, critical thinking, and the ability to adapt to rapidly changing environment – these qualities are necessary for our organization, and I think that all people studying at ISM acquire them.”
Vaidotas Misevičius
Head of the Talent Management Department at Lithuanian Railways
ISM alumnus
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
Part time in Lithuania and part time 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
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Code
POL103
Credits
6
Language
Course description
This course introduces students to the key concepts and theories of comparative politics. The general topics covered range from concepts of the state to main political institutions of both democratic regimes and dictatorships. The adopted approach uses modern tools of political analysis that provide methodological basis for successfully studying comparative politics and other subjects related to political science and economics.
Aim of the course
This course aims at providing the analytical framework for studying the workings of specific political institutions. Therefore, students will be provided with modern theoretical framework for doing research in comparative politics, will learn to apply their skills in practice and have rigorous understanding of main concepts of politics.
Learning outcomes
ECO102
Annotation
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.
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.
Lecturers
ECO105
Course Syllabus: ECO105 Econometrics
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.
The aim of the course is to introduce main empirical methods of economic data analysis and to provide their theoretical foundations.
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.
IT103
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.
1 year
1 semester
2 semester
2 year
3 year
4 year
FUN133
3
Course Syllabus: FUN133 Formal Logic
This introductory logic course is focused on the basic issues in logic, such as the distinction between factual and logical truths, the conditions of the formal analysis of thought, elementary logical relations (contradiction and entailment), the issues of validity of inferential knowledge, formal and informal requirements for arguments and proofs, and the most widely used methods of formal proofs. The student will become familiar with the theory of categorical syllogism and propositional calculus. In addition to that classroom exercises are devoted to the practice of formalization – translating the expressions of natural language into the formal language, formal analysis of validity of arguments and consistency of propositions. The main methods applied during the course are as follows: Venn diagramms, truth tables, and natural deduction proof methods (including conditional and indirect proofs).
Aims of the course
This course aims to introduce students to the theoretical basics of logic, main methods of logical analysis and their applications.
POL142
Course Syllabus: POL142 Simulation Development
Course Description
The course focuses on applying simulation-based learning to analysing politics, economics and public policy, often through the lense of conflict. While scientific theories offer an understanding of political and economic processes, simulations build upon this knowledge by applying it to real (or projected) events. During the course, student groups will select a political and/or economic topic of their choice and develop an interactive analogue simulation game for it. By combining theory, literature analysis and other tools, the course will help understand how simulations can serve as a means for research, education and analysis.
Aim of the Course
This course aims at providing the framework for studying political and economic processes through interactive simulation development and use. Students will be provided with tools needed to develop simulation games based on scientific theories and research that can generate additional insights into the area of political economy.
Learning Outcomes
POL121
The course aims to strengthen skills in game theory by focusing on its applicability to the problems of politics and business. While at the first glance games often seem too abstract or distinct from the actual political and economic processes, they are grounded in the empirics. Thus, during the course we will focus on some more advanced game theory models and look at how they can help us improve our understanding of politics, economics and business. This will equip students with skills needed to develop and apply game theory models in research and practice.
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:
Course Syllabus: ECO102 Macroeconomics
• 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
Course Syllabus: ECO101 Microeconomics
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.
FUN105, EN
Course Syllabus: FUN105 Mathematical Methods in Economics
This course broadens and applies knowledge and skills gained during mathematical analysis and finite mathematics courses. 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.
FUN101
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.
This course aims to develop skills for mathematical modeling of basic economical, managerial, and engineering problems.
POL104
Course Syllabus: POL104 International Relations
This course is an introduction to International Relations (IR), which is a branch of Political Science that studies the political and social consequences of the division of the world into separate territorially-based political units. It is also typically extended to include international organisations and non-state actors, and it focuses on issues broadly conceived of as having global—rather than limitedly domestic or local—significance.
The course is divided into four parts. In part one, students will be provided with background knowledge of the historical evolution of the state system. Building on that, students will then explore the central explanatory concepts of IR—power, interest, and identity—and their IR theory counterparts—Realism, Liberalism, and Constructivism. In the second part, students will engage with and learn the methods of a compelling alternative theoretical approach to IR: the Strategic Perspective. It both challenges and differs significantly from traditional theories of IR by arguing that the preferences of leaders and their constituents—rather than national interests or the state system—are the primary drivers of foreign policy. In the final sections, students will use this Strategic Perspective and the logic of strategic interaction to explain major characteristics of, events, and trends in global politics. The focus of the fourth part will be warfare and conflict; specifically, the use of military force, military alliances, nuclear deterrence, terrorism and military intervention. The fifth part will examine significant aspects of peace, governance and world order, namely, international organisations, climate change, human rights and international law.
The course will introduce students to the academic study of International Relations (IR), and give an overview of the major concepts, traditional theories and pressing issues in contemporary global politics. The primary aims of the course are to provide students with (i) a perspective of international relations as being predominately driven by individually-motivated strategies that shape war, peace, and world order; (ii) an understanding of the strategic calculations underlying the actions of the leaders of nations, international organisations and non-governmental interest groups; and (iii) the tools to understand empirical regularities by using strategic theory approaches.
POL116
15
The Economics and Politics Internship is a practical course designed to apply knowledge and skills acquired during the studies in the program to real-world processes of economics and politics. Students may complete their internships at:
Aims
Internship in economic policy aims at experiencing and learning the practical aspects of formulating and implementing economic policy. The aims of internship include:
endowing students with practical skills relevant to the formulation and implementation of economic policy.
POL137
Course Syllabus: POL137 History of Political Ideas
The course introduces students to the history of political thought. This knowledge is crucial for a better understanding of how politics are influenced by social ideas and philosophical currents of the time and how political ideas evolve/erode in time. The topics covered include science, human nature, religion, history, culture, as well as poststructuralist, postmodern trends in political science itself.
This course is mostly theoretical and a historical overview of the development of the Western political thought, however, real life examples will be used to illustrate the points made during lectures. During the course students will discover how different the development of political ideas resonates with and originates from the philosophy and ideas of the time. Critical thinking will also be encouraged and used, especially when analysing the sociological side effects of application of political theories and in analysing the political polarisation of social phenomena. This will be useful in further studies for argument analysis and adding wider context of politics to one’s future studies.
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.
POL101
Course Syllabus: POL101 Introduction to Politics
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
FUN122
Course covers introduction to linear systems, matrix algebra, linear programming, and various applications.
This course aims to develop skills for mathematical modelling of basic social and economic phenomena.
POL117
In the Economics and Politics program a Bachelor Thesis is written during the eighth semester and is worth 15 ECTS credits. A Thesis is written in English. While writing a Bachelor Thesis students synthesize and augment knowledge and skills acquired during the study at ISM and demonstrate possession of competences required of the recipients of a Bachelor degree in Economics and Politics. In terms of its content and methods of analysis, a Thesis must inter-link objects of several disciplines, particularly those of economics and of politics.
HUM108
Course Syllabus: HUM108 Academic Writing and Presentation Skills
Academic works such as paper, term paper, report, thesis and final thesis, annotation, abstract, review as well as their presentation belong to the area of scientific works; therefore, they have to meet general requirements of structure and content. Academic works have to be in high quality of scientific style. This course presents the structure of academic works, and analyzes scientific texts (composing sentences, paragraphs, and the whole text, referring and quotation, etc.). First part of this course is about theoretical requirements of academic writing and the second is about practical training in writing. During the lectures, students also learn how to finalize their academic work under the requirements of ISM University of Management and Economics.
Course Aim
This is a basics course in academic work writing skills for students in the bachelor’s degree programme of studies in economics, management and business administration. Objectives of the course are:
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.
FUN107
Course Syllabus: FUN107 Statistical Data Analysis
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.
FUN108
The ability to formulate the right questions and choose the most efficient tools for seeking answers, as well as to intelligently interpret the information gathered and presented by others, is one of the main competencies a university education should foster. This course will equip students with both the understanding of principles that guide quality research and the tools needed to implement those principles in formulating a research project, selecting appropriate methods, collecting and analyzing data, and presenting their findings. We will focus on the practical application of the concepts and methods discussed in the course by conducting students’ own research projects and critically analyzing the research of others.
Course aims
The main goal of this course is to impart knowledge and skills necessary for conducting and evaluating social science research. The course will begin with the introduction to the fundamental principles that underlie approaches to research and the practical implications of these principles, including formulation of research questions, concepts of validity and reliability, and issues of research ethics. Students will learn to review literature and conduct secondary and primary research. We will especially focus on the main qualitative and quantitative methods of primary data collection used in social science research. Conducting their own research projects will help develop students’ practical research skills, and analysis of published research and other students’ research projects will sharpen their ability to critically evaluate the information coming from research conducted by others. Presentation of their own research findings and discussion of others’ research will also serve to refine the students’ presentation and communication skills. Students who have successfully completed the course and all its assignments will be able to define the research question, formulate the research design, choose the appropriate methods for data collection and analysis, present and interpret their findings, and critically evaluate other researchers’ output. Finally, the skills and knowledge gained in this course will also be employable during the preparation of BA theses.
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:
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.
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
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.
HUM165
Futures Thinking is a multidisciplinary method for thinking constructively and creatively about the future, starting from the assumption that the future is not something that will happen to us tomorrow but is being created by us today. Students will be introduced to the major changes that will occur in the next 10, 20 or more years, including global warming, inequality, global health, the future of work, among others. In each area, students will undertand how experts have created scenarios to cope with uncertainty, identify dynamics, develop policy choices, assess alternatives, and ultimately, make decisions. Students will be immersed in Futures Thinking through discussing and debating influential reports – for example, by the Intergovernmental Panel on Climate Change, the OECD, the World Health Organisation, and McKinsey Global Institute. Students will then work collaboratively to assess the potential local impact of these global trends and evaluate local examples of Futures Thinking.
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.
HUM119
Communication is centered on language, as the usual means to pass on one’s culture to other generations and to reveal deeper insights to representatives of other cultures. However, communication extends into non-verbal communication and other behavior that gives messages about our expectations and beliefs. We think, interpret, speak, move, eat the way we have been taught, seen or done it in our own cultural environment. When people from different nationalities or cultures come together in teams, meetings, negotiations, as employees, or as simple citizens in casual encounters, they bring with them different expectations and beliefs, of how they should work together. In other words, they contribute to the whole with their own cultural input, and as no culture is “right’, or “wrong”, “better” or ‘‘worse‘‘, we should learn to not merely accept but also appreciate the values and ways of others. Thus course may serve the purpose of preparing 21st century decision makers for the challenges of a multicultural environment.
The course is intended to provide core knowledge of cultural analysis and cross cultural behavior to develop the necessary skills for professional and successful communication in any given society, a local and/ or multinational company with multicultural staff and clients. Also the course provides some negotiation theory and practice. After the graduating from the course students are expected to have theoretical and practical knowledge of strategic organizational communication, and cross cultural business communication, and intercultural negotiation. Several different teaching approaches are utilized to provide students with multiple ways to learn the material. These are classroom lectures, case discussions, analysis and evaluation of real world communication cases, analysis and research of real companies and the impact of communication management on company performance and personal effectiveness as global communicators.
“At ISM I am surrounded by curious, positive students and dedicated, professional lecturers.”
Assoc. Prof. Dr. Vincentas Vobolevičius
Head of Economics and Politics programme
Ph.D. in International Political Economy from New York University
Tuition fee
Number of credits
210
Semester fee for EU students
2480 €
Semester tuition fee for non EU students
2600 €
Funding
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Liliana Karpovičiūtė, Slovenia
For those of you who are still considering the possibility of studying abroad, I would say – don’t hesitate! Go for the sake of new experiences, challenges, adventures, new friends, something you’ve never experienced before.
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 what is analytical thinking and its relation to subjective opinion
Explain
Predict which companies will receive government support during the crisis and which will not
Predict
Improve constituency formation principles to reduce voter bribery
Improve
Apply formal modeling and econometrics tools
Apply
Develop your competences in the best universities in the world
Develop
General admission : ?
Admission is underway
:
Additional admision :
2021-07-20 – 2021-08-10
Aistė Trasauskaitė
Economics and Politics
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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 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.
Students of the programme learn to understand and analyse economic processes at all levels – from user behavior to global economic trends.
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)
Technical Graphics (FUN134)
Computer Programming (IT103)
Macroeconomics (ECO102, E, EP, ITV)
Technology Project (MNG211)
Internship (MNG213)
Microeconomics (ECO101, F, EP, ITM)
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)
Principles of Finance (FIN114, EN)
Public Finance (FIN104)
Statistical Data Analysis (FUN107, E, EP, F)
Internship (ECO124)
Political Economy (POL138)
Managerial Economics (ECO107)
Mathematical Methods in Economics (FUN105, LT)
Intermediate Macroeconomics (ECO129)
Quantitative Decision Making (FUN118, LT)
Welfare Economics (ECO122)
Financial Markets and Institutions (FIN105)
History of Economic Theories (ECO103)
Economic Forecasting (ECO108)
Econometrics (ECO105)
Finite Mathematics (FUN103, LT)
Bachelor Thesis (ECO116)
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)
Mathematical Methods in Economics (FUN105, EN)
International Relations (POL104)
Internship (POL116)
History of Political Ideas (POL137)
Introduction to politics (POL101)
Comparative Politics (POL103)
Finite Mathematics (FUN122)
Bachelor Thesis (POL117)
Social Research Methods (FUN108)