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Courses

The following courses are suggested for the ISM Summer University in the Baltics 2019. Each course will be lectured in English and take place in the morning or in the afternoon session (4 times a week - 3 weeks long). The examination will take place on the last day of the course. Each student can select one or two courses. If a course will not be selected by a minimum number of 15 students, it will not be delivered during the program and the students who have selected such a course will be offered an opportunity to choose from remaining two courses.

International Project Management (6 ECTS)
 
The international project management course is designed to help students understand the complexities of project work in an international environment. Students will learn to analyze complex project problems in a broader economic, social and cultural context. The course covers the main project management topics that are essential in maintaining competitiveness in real-life business situations. After attending the course students will be able to use relevant consulting and management methods when dealing with their internal and external stakeholders; feel more confident about accepting responsibility for new projects and be better able to stay in control of projects in an increasingly global marketplace.
 

Macroeconomics (6 ECTS)
 
The contents of the Macroeconomics course cover the basic objectives of macroeconomics, and an understanding about basic macroeconomic indicators – gross national product, gross domestic product, and national income. Topics under discussion in this course include aggregate demand and supply, Keynesian and classic views on aggregate amounts, monetary and fiscal policies, unemployment and inflation, economic growth, and issues in international trade. The major macroeconomic problems of Lithuania and EU will be discussed for the practical part of the class. 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.
 

International Negotiations (6 ECTS)
 
That we are living in a competitive world is nothing new. In an ever faster pacing business life, which becomes more and more globalized, we need to identify objectives, potentials and obstacles quickly and come up with strategies in a blink of an eye. This is key to successful negotiations and business relations. An even greater challenge is, that in today`s globalized business world we have to deal with partners from different countries and cultures, all with unique features that play an important role in the process and outcome of communication and negotiation. The course is designed to give insights which are practical and immediately applicable in business life. The course combines the essentials of negotiating theory with a very practical approach. Central to the course are simulated commercial negotiations and practices. The coursework will involve: defining the issues to be negotiated, preparing for negotiations, using different styles, methods and tactics of negotiations, increasing the awareness of psychological and ethical aspects in the negotiation process and paying attention to the importance of cross-cultural factors. Extensive analysis and coaching, both in negotiating groups and in the plenary sessions will follow each negotiation.
 

Corporate Finance (6 ECTS)
 
This course unit focuses on the fundamental concepts of corporate finance. It is designed as an introduction to financial management, and covers both theoretical and empirical aspects of capital investment decisions, valuation and financing decisions. This course examines the financial goals of a corporation with an emphasis on value creation.
 
The main goal of the course is to provide theoretical knowledge and practical tools that are required in financial decision-making. This course unit aims to provide an understanding of main principles of corporate finance: core investment decision rules, capital budgeting, methods of long- and short-term financing, and associated theoretical and empirical issues. Upon successful completion of the course, students will be able to: Analyse and evaluate company’s activities and financial condition from financial statements (balance sheet, income statement, cash flow statement) applying financial ratios; Apply the concept of the time value of money to solve various financial problems; Evaluate investment projects using different methods: NPV (net present value) and its alternatives; Calculate company’s WACC, interpret it and its components in perfect markets as well as taking taxes into account; Evaluate and compare different methods of long- and short-term financing; Relate the main tasks in financial management and corporate finance, discuss the risk of financial decisions.
 
 
Please note that course content is a subject to change.