• level of qualification: master level (abbreviated: MSc)
• name of qualification: Economist in International Economy and Business

4.1. Full credit value is transferrable:

international economy BSc programme

4.2. May be considered based on the completed credits defined in 9.4.:

business and management, human resources, commerce and marketing, finance and accounting, tourism and catering, business education, practical economics, economic theory and public service from the study field of economic sciences and international studies BSc programme from the study field of sociology.

4.3. Other programmes that may be considered based on the completed credits defined in 9.4.:

Those bachelor and master level programmes along with college level bachelor programmes in accordance with the Higher Education Act No. 80/1993 of Hungary that are accepted by the credit transfer committee of the institution based on the overlapping of the study material.

• orientation of the programme: ballanced (40-60 percent)
• credits allocated to the writing of the thesis paper: 15 credits
• minimal credit value allocated to elective courses: 6 credits

The aim of this master programme is to train economics professionals capable of making economic analyses in an international framework utilising their fundamental knowledge of international-, micro- and macroeconomics, European integration, international law and business. Their developed competencies make them capable of independent work within different fields and levels of economic institutions while also being able to make analyses, lay the groundwork for decisions and manage shipping tasks. Graduates of the MSc programme are professionally prepared to continue their studies in the PhD programme.

8.1.1. Competencies of an economist studying in the International Economy and Business MSc programme

1. regarding knowledge, the student
   • has a firm grasp on the concepts, theories, processes and characteristics of economics and the economy in general on a micro and macro level; the student is up to date with the defining economic facts.
   • understands the stucture, operationg process and relationships (domestic and international) of economic organisations along with their motivations and information related factors with a special emphasis on institutional environment.
   • is familiar with the process of European integration and the specific policies of the European Union.
   • is familiar with the up-to-date, theoretically sound, mathematics-statistics based and econometric modelling methods (along with their limitations) of recognising, expressing and solving problems along with data collection and processing.
   • is familiar with the rules, professional and ethical norms of leadership and planning in connection with projects, businesses and the workings of economic institutions.
   • has a firm grasp on socio-economic connections and the factors affecting them on a local, regional, national and international level.
   • knows and utilises the decision theories and analysing methods of economics, international economics and world economics.
   • <Łi>is familiar with and has a strong understanding of the problem solving techniques connected to processing the results of the professional literature and innovative practical work as well as knowing the corporate, national, regional and global methods of strategic planning and management. Students are also familiar with the leadership techniques of colleagues, teams, projects and bigger organisations.
   • is familiar with and has a strong understanding of the essential knowledge necessary to identify international, financial and logistical processes and the methods of professionally relevant information gethering, analysing and problem solving techniques along with their field of use and limitations.
   • Is familiar with and has a strong understanding of economic policies and foreign trade processes along with the trends of foreign trade in practice, its trends and their effects. The student is familiar with the framework provided by other professional fields (law, regional development, education) connected to international enterprises.
   • Besides being a proficient language user in his/her mother tongue the student has a good command of the linguistic terms used in economics both in his/her mother tongue and at least two foreign languages.
2. regarding competencies, the student
   • can make independent and new deductions, formulate original thougths and solution methods, utilise sophisticated analitical and modelling methods. The student is capable of formulating solution strategies for complex problems and decisions within the organisational culture both in a domestic and an international setting;
   • after obtaining the necessary practical skills and experience, the student is capable of leading medium sized and major organisational units and performing a general economic function within an economic organisation. The student is also capable of planning and directing economic processes along with managing resources;
   • can perform effectively in an international, multicultural setting;
   • is capable of completing, organising and directing complex professional functions connected to his/her positon along with utilising methodologies creatively, voicing professionally informed opinions, planning and making decisions. The student is capable of employing an interdisciplinary attitude if necessary in connection with making analyses and solving practical problems;
   • is capable of independently recognise new environmental processes and problems surfacing in the management of corporations, regional, state-level and international institutions along with identifying and solving problems;
   • is capable of developing effective international business strategies. The student can analyse the geopolitical, social, cultural and religious aspects of international business settings;
   • can employ persuasion and negotiation techniques actively and effectively. The student is skilled in business communication in at least two languages;
   • is capable of planning and organising economic activities in connection with foreign trade, finance and developmental policy along with employing previously learned methods, making deductions, suggestions and decisions. The student is capable of performing well in economic institutions, international and governmental organisations;
   • Takes part in international projects and problem solving groups; as a leader he/she plans, directs, organises, coordinates and evaluates these activities.
3. regarding attitude, the student
   • takes a critical attitude towards the work and behaviour of his/her employees and also of himself/herself. The students exhibits an innovative and proactive attitude to solving economic problems;
   • is open to new results and achievements of economic research and practical experiments;
   • behaves in a cultured, ethical way worthy of an intellectual when treating other people and when dealing with social problems. In his/her work the student pays attention to the social, sector-specific, regional, national and European values (including the social, ecological and authority-related aspects);
   • strives to enhance his/her knowledge and deepen his/her professional relationships while encouraging, helping and supporting his/her co-workers and employees to do the same;
   • accepts and authentically represents the social role of his/her profession along with its general relation to the world. The students is committed to essential social values and is sensitive to both domestic and international events;
   • is committed to quality, sustainability and variety and has a critical attitude towards his/her own knowledge, work and behaviour along with the knowledge, work and behaviour of his/her employees. Feels responsible for correcting mistakes and developing the skills of his/her colleagues.
   • is open to the findings and solutions of other relevant professional fields and to building professional contacts;
   • is characterised by the ability to renew knowledge, is tolerant, cooperative and has an open mind.
4. regarding autonomy and responsibility, the student
   • selects and utilises the relevant problem solving methods independently even in connection with fields connected to organisational policies and leadership, performs tasks related to economic analysis, decision planning and advisory responsibilities on his/her own. The student can found, organise and lead even major enterprises or larger organisation, organisational unit as well;
   • takes responsibility for his/her own work, the organisation or company he/she is leading and the workers he/she is employing. The student identifies, plans and organises his/her own and his/her employees’ professional development and takes personal responsibility for them;
   • displays an initiative, responsible attitude towards social and public affairs in connection with his/her coworkers;
   • initiative in solving problems, creating strategies and in supporting the cooperation of coworkers both within the same organisation and between different institutions;
   • employs a wide range of methods and techniques independently in practice in connection with contexts of different complexity and predictability;
   • involved in research and developmental projects; in project groups the student works for the goal of the team in an autonomous but cooperative way actively utilising his/her practical and theoretical knowledge.

9.1. Professional characteristics

9.1.1. Scientific fields contributing to the professional degree as part of the training programme:

• economics and methodology (quantitative methods, econometrics, economic policy, political economy, economic theories, international economy, international finance, decision theory, research methodology) 20-40 credits;
• professional knowledge of international economy and management (theory of market analysis and international business environment, organisation and execution of regional integrational analysis, comparative methods and main theories of global economic development, forms of international economy and the business information system, the basics, forms and effects of international financial processes, leading and influencing international institutions while analysing their effect mechanisms, learning about and utilising methodologies employed in social sciences along with their newest professional results, company-related, regional and world economic aspects of developmental economics) 30-45 credits.

9.1.2. The maximum credit ratio of specialised professional fields and modules within the programme is 30-45 credits.

 

9.2. Requirements concerning internship

The programme may include a professional internship. The requirements of the internship are governed by the curriculum of the programme.

9.4. For students possessing degrees detailed in points 4.2. and 4.3. the minimal entry requirements for the master’s training programme are as follows.

Entering a master’s programme that is different from the bachelor’s requires a minimum number (45) of acquired credits from the below fields:

• economics and methodology (micro- and macroeconomics, international economy, theoretical economics, history of economic theories, economic policy, mathematics, statistics, informatics): at least 18 credits;
• basic business studies (finance, corporate finance, corporate economics, marketing, accounting, leadership and organisation, human resource management): at leasr 12 credits;
• professional studies: at least 15 credits.

The student is not eligible for the master’s programme unless he/she has completed at least 15 credits from the above listed fields. The missing credits for the master’s programme shall be earned according to the Academic and Examination Regulation of the higher education institution.