Master of Business – International Economy and Business, MA

Businessman Touching a Graph Indicating Growth

Objectives and Perspectives

The aim of the Master of Business – International Economy and Business, MA program is to prepare specialists in economics and business using the basic skills acquired in the fields of international-, micro- and macroeconomics, international politics, European integration, international law, regional studies, civilization/globalization and their chosen specialisation enable them to analyse, plan, make decisions and control the activities of business organisations and institutions in an international context.

The program provides education at a Master’s level and as such, it expects students to arrive with a sound theoretical basis acquired in their earlier Bachelor’s studies. The program aims to expand the knowledge acquired at a Bachelor’s level, and intends to teach students how to put the acquired skills into practice. This purpose is reached in two types of courses: Lecture-type courses are offered with the aim of presenting theoretical issues, whereas practice-oriented seminar-type courses are launched with the purpose of giving room to debates, interactive discussions, and group or individual presentations on current and relevant topics of the field.

The program provides students with the necessary background knowledge and they can continue their studies in ourdoctoral (PhD) program.

Duration of Studies: 4 semesters for academic studies
Number of ECTS credits: 120
Number of teaching (contact) hours: 1275


General Core Module 5×5 credits
·         Mathematical Methods 5
·         Economics (Advanced Micro-, Macro-, and International Economics) 15
·         International Political Economy 5
Professional Core Module 7×5 credits
·         Global Corporate Strategies 5
·         Advanced International Marketing 5
·         Advanced Development Economics 5
·         International Economic Policy 5
·         International Finance 5
·         The Law of International Economic Relations 5
·         Advanced International Management 5
Advanced Professional Module (with two different specializations) 6×5 credits
International Business Management Specialization
·         Transnational Corporations in the World Economy 5
·         International Trade Policy 5
·         Internal Market of the EU 5
·         International Factor Mobility 5
·         Corporation Law in the European Union 5
·         Theory and Practices of Regional Development 5
·         International Agreements, Organizations and their Economic Effects 5
International Economic Analysis Specialization
·         Econometrics 5
·         Spatial Structure of the World Economy 5
·         International Agreements, Organizations and their Economic Effects 5
·         Political Economy of Transition 5
·         Economics of Integration 5
·         Economic Growth in the World Economy 5
·         International Communication and Business Protocol 5
Professional Optional Subjects 5×3 credits
Thesis writing 15 credits

Students of the program have the option to spend one academic semester at a partner institution of our Faculty in the frame of ERASMUS, bilateral European and overseas programs. The credits gained at the host institution can be accepted in the Master’s program. The Faculty has Erasmus mobility arrangements with over 25 universities of EU member states and several others outside the EU to which students can apply for.

Students who graduate in the Masters program acquire or know

  • social and economic concepts and the factors that influence them at local, regional, national and international levels
  • decisional theories in the economy, international economy, world economy, business administration and analytical methods,
  • problem solving techniques necessary for research, analysis of special literature results and innovative work,
  • directing methods of colleagues, groups, projects and larger organisations,
  • national and international special literature and research results

Students who complete the Masters course are able to

  • acquire and represent national, European and universal values and they can present these values in the world of corporations, regions, state and international organisations,
  • fulfill, organise and direct complex special functions relevant to work, apply methods creatively, formulate professional opinions , prepare and make decisions,
  • recognise, understand and make relations inside the corporation, region, state and international organisation, and between the organisation and the business environment,
  • recognise individually the problems, the new environmental phenomena in the operation of these organisation,
  • apply the economic, financial, marketing and management theories at international levels,
  • analyse the geopolitical, social, cultural and religious aspects of the international environment,
  • formulate efficient international business strategies,
  • apply negotiation and convincing techniques efficiently, have business communication in two foreign languages