International Business Administration
Study programme title in Est.
Rahvusvaheline ärikorraldus
Study programme title in Engl.
International Business Administration
TalTech study programme code
TVTB12
MER study programme code
113038
Study programme version code
TVTB12/25
Faculty / college
M - School of Business and Governance
Head of study programme/study programme manager
Marianne Kallaste
Language of instruction
English
Study level
Bachelor study
ECTS credits
180
Self-paid study programme
yes
Nominal study period
6 semesters
Study programme group
Business and Administration
Broad area of study
Business, Administration and Law
Study field
Business and administration
Curriculum group
Business, administration and law not elsewhere classified
Granting the right to conduct studies in the study programme group
õppe läbiviimise õigus
Validity date of the right to conduct studies in the study programme group
tähtajatu
No. of the decision granting the right to teach in the study programme group
112
Access conditions
Secondary education or corresponding qualification in accordance with admission requirements of TalTech.
Study programme aims and objectives
Study programme aims, objectives and learning outcomes:
- To

provide students with broad-based business competencies which are acquired through an efficient and effective teaching and learning process, correspond to the bachelor’s level and meet the needs of employers and the society and enable graduates to specialise in managing core processes of domestic and international enterprises, or enhance careers as entrepreneurs.
- To create a holistic vision of core business functions and an understanding of an enterprise as a goal-oriented dynamic system operating in a complex environment.
- To provide future business leaders and specialists with systematic foundational knowledge and skills that enable combining a wide foundation of acquired competences with further specialisations in their careers and in master’s studies.
- To support long-term perspective future oriented analytical thinking which encourages business decisions that enable graduates to adapt to the environment and adhere to the principles of environmental protection, social responsibility and humanistic worldview.
- To promote proactive attitude toward science-based perspective and interdisciplinary lifetime learning to improve business processes and develop organisations.
- To create and develop competencies required for successful workplace performance and flexible professional adaptation to administering business processes related tasks and for operating as a successful entrepreneur or a corporate employee.
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Learning outcomes of the study programme
Upon successful completion of the programme, the graduate:

- synthesizes wide-ranging knowledge and skills to overcome challenges in international organizations in various sectors as an employee, to run one’s own business, and/or to continue studies on graduate level;
- critically evaluates main concepts of business administration and relevant social and legal aspects, generally accepted foundational theories and models, and appraises operating environments, development trends in economy and society, and best practices in industries;
- designs and evaluates business models and plans and evaluates strategic, tactical and functional decisions considering sustainability of the organization, people and environment, and adheres to the principles of corporate social responsibility and ethics;
- purposefully synthesizes the acquired knowledge and skills to identify, solve or alleviate problems in the fields of management, marketing, supply chain, accounting and finance based on evidence and considering cross-functional dependencies; identifies and appraises alternative scenarios and plans work-related activities systematically and efficiently;
- expresses ideas fluently and efficiently in professional communication and applies modern information and communication technologies;
- demonstrates proactive attitude towards change and continuous development at personal and organizational levels, formulates relevant individual and organizational goals, and assembles and leads a team.
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Graduation requirements
Completion of the curriculum in the required amount, and the successful defence of the graduation paper in conformity with the requirements set by the TalTech Senate.
In order to obtain Cum Laude diploma the graduation paper must be defended for the grade "5" and the weighted average grade must be at least 4,60, where all grades from diploma supplement are taken into account.
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Degrees conferred
Bachelor of Arts in Social Sciences
Study programme version structure :
Module type
total ECTS credits
General studies
18.0
Core studies
84.0
Special studies
63.0
Free choice courses
6.0
Graduation thesis
9.0
Total
180.0
  • +
       MAIN SPECIALITY 6: Entrepreneurship and Marketing
    • +
         MODULE: Foundational Competences 18.0 ECTS credits (General studies)
      Aims
      The aim of this module is to:
      - develop knowledge, skills and

      basic competences that broaden the perspectives of students and create a platform for acquiring further competences of economic and business processes;
      - provide elective courses over a wide range of subjects to strengthen the interdisciplinary element in competency profile and develop business English communication skills and understanding of Estonian language and culture;
      - enable knowledge and skills in the field of ICT for creating, processing, presenting and understanding information and applications;
      - develop understanding of a human health from the perspectives of planning work processes, healthy work environments and ergonomics.
      Show more...
      Learning outcomes
      After completing this module, the student:
      - knows the basic principles of ICT,

      is able to find and evaluate information efficiently, is able to use spreadsheets and word processing applications proficiently and is able to use programming tools for processing data;
      - can scientifically interpret the effect of work environment on human body, knows the risk factors involved in work environment and is able to develop a healthy and ergonomic work environment;
      - has selectively strengthened and broadened knowledge and skills in communication skills in Estonian or in a foreign language, or regarding the principles of natural sciences.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      IT Foundations I
      IDK0043
      3.0
      2.0
      0.0
      2.0
      0.0
      A
      SK
      IT Foundations II
      IDK0044
      3.0
      2.0
      0.0
      2.0
      0.0
      H
      SK
      Working Environment and Ergonomics
      TMT2020
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Total: 12.0 ECTS credits
      Elective courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Philosophy
      HHF3081
      3.0
      2.0
      1.5
      0.0
      0.5
      E
      S1
      Personal Finance
      MEF3020
      3.0
      2.0
      1.0
      0.0
      1.0
      E
      K1
      Refresher Course in Mathematics for Business Students
      MEM3010
      3.0
      4.0
      0.0
      0.0
      4.0
      A
      S1
      Estonian Language and Culture
      MLE0010
      6.0
      4.0
      0.0
      4.0
      0.0
      A
      SK
      Business English II
      TSK0028
      6.0
      4.0
      0.0
      4.0
      0.0
      E
      SK
      Business English I
      TSK0326
      6.0
      4.0
      0.0
      4.0
      0.0
      E
      SK
      Contemporary International Relations
      TSP0073
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Fundamentals of life
      YTM0071
      3.0
      2.0
      2.0
      0.0
      0.0
      E
      SK
      Total: at least 6.0 ECTS credits
    • +
         MODULE: P1 Methods, Markets and Economy 30.0 ECTS credits (Core studies)
      Aims
      The aim of this module is to:
      - develop economic thinking and capability of perceiving cross-enterprise and -industry economic relations;


      - create systematic overview of basics of economics;
      - develop understanding of science-based functioning of the environment, to develop systematic knowledge of the environment, natural resources and related economic challenges and to develop skills to manage accordingly, i.e. sustainably;
      - develop logical and structured thinking, creating a basis of competences of business mathematics and statistics that enables to further understand more sophisticated special mathematical constructs and possibilities of statistical analysis.
      Show more...
      Learning outcomes
      After completing this module, the student:
      - is able to think

      in economic terms and explain the economic behaviour of economic actors; comprehend the relationship between individual economic phenomena and economy as a whole;
      - knows the fundamental concepts of economics theory and principles of economics both on micro and macro level; is able to interpret microeconomic indicators and analyse relationships between and reasons for elementary macroeconomic processes;
      - demonstrates systematic knowledge about environmental economics and the economics of sustainable development, main environmental problems, their causes, consequences and the possibilities of influencing and preventing them, environment-based restrictions on the economy and about related regulations;
      - has an overview of statistics concepts and research methods used in economic and business studies;
      - is able to interpret economic problems mathematically, formulate less sophisticated mathematical economics tasks and solve them.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Fundamentals of Business Mathematics
      MEM3020
      6.0
      3.8
      1.5
      0.0
      2.3
      E
      S
      Environmental and Sustainable Development Economics
      MME3010
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Statistics
      TES0020
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      SK
      Microeconomics I
      TET0010
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Macroeconomics I
      TET2550
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Total: 30.0 ECTS credits
    • +
         MODULE: P2 Core Business Competences 54.0 ECTS credits (Core studies)
      Aims
      The aim of this module is to:
      - develop knowledge and basic

      skills through broad-based basic courses across main business functions and foundational perspectives (including legal and ethical considerations and internationalisation), and to develop capability for understanding cross-functional relationships so that the student obtains a more comprehensive picture of processes in the enterprise and of ways to increase competitive advantage and contribute to the needs and expectations of society;
      - develop in-depth knowledge and skills in entrepreneurship, including business idea development; recognising entrepreneurial opportunities and implementing them in practice in different business environments; to contribute the development of personality traits and attitudes that support the entrepreneurial behaviour of students;
      - provide an overview of the essence of theoretical approaches and business research, of planning and conducting business research, of valid and relevant qualitative and quantitative methods of research and analysis, and of foundations on reporting research results.
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      Learning outcomes
      After completing this module, the student:
      - demonstrates broad fundamental knowledge and skills across four pillars of the programme - marketing,

      entrepreneurship and management, accounting and business intelligence, and finance - from operative level to broadly outlined strategic level;
      - knows the basic terminology, theories and concepts of the above named areas and general conventional methods of analysis, and is able to set area-related aims and develop the processes in focus;
      - is able to perceive relationships and interdependence between business functions, their impact on total costs of enterprise, its efficiency and competitive position, and defines, analyses and improves practical problems and challenges of not overly sophisticated nature;
      - is able to evaluate positive and negative aspects and risks of being an entrepreneur; knows which personality traits are essential for an entrepreneur and is able to evaluate his/her own fitness for becoming an entrepreneur;
      - knows the principles of creative thinking, can demonstrate initiative, evaluate entrepreneurial opportunities, analyse impact of a business environment on the idea realisation potential and develop a business model; take the main decisions related to the establishment of an enterprise and plan business growth and development;
      - knows the characteristics of business research, stages of the research process, methods for gathering and analysing quantitative and qualitative data; is skilled in applying widely used data collection methods; is able to conduct data analysis, interpret results of analysis and present them in a generalised, informative way in agreement with academic requirements;
      - is able to analyse different situations and issues of dispute in the area of business law, and is able to envisage legal interpretations and potential consequences of related business decisions;
      - has knowledge about the essence of international business and basic principles of internationalisation;
      - knows the theoretical bases of business ethics and is able to analyse business ethics dilemmas based on the principle of corporate social responsibility.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      International Business and Ethics
      MMJ3040
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Management and Leadership
      MMO3030
      6.0
      4.0
      1.0
      1.0
      2.0
      E
      S
      Research Methods in Business Studies
      MMS3050
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Business Law
      MOE5071
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Principles of Financial Accounting
      TAF2810
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Basic Finance
      TER2550
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Introduction to Entrepreneurship
      TMJ0140
      6.0
      4.0
      1.0
      0.0
      3.0
      E
      SK
      Logistics and Inventory Management
      TMJ0230
      6.0
      3.0
      1.2
      0.0
      1.8
      E
      SK
      Basic Marketing
      TMM2150
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Total: 54.0 ECTS credits
    • +
         MODULE: E1 Entrepreneurship and Marketing 63.0 ECTS credits (Special studies)
      Aims
      The aim of this module is to:
      - develop entrepreneurial, management,

      and marketing competencies to the extent and scope that enable graduates to the develop work processes of international companies, work in various positions in human resource management and marketing or start an independent entrepreneurship career and also further enhance their personal professional competencies, thereby laying the foundation for a successful career;
      - give an overview of the business process and startup entrepreneurship based on the stages of the company's life cycle;
      - acquire an understanding of human resource management that allows students to contribute meaningfully and purposefully to the functioning and development of organizations in their future careers, valuing the role of the human factor at both the individual and group dynamics levels and considering human resource management as a complex process aimed at creating synergy;
      - develop an understanding of operations management systems and corporate strategic planning;
      - acquire basic knowledge of theoretical foundations and practical specifics and challenges of market research, e-marketing, and marketing management, as well as skills to plan marketing activities.
      Show more...
      Learning outcomes
      After completing this module, the student:
      - analyses the international business environment, constructs business ideas, and plans their realization;


      - analyses the role of human resource management in organisations and plans key sub-activities;
      - explains the nature of production and service management processes and their strategic importance, and places these into the wider development trends context of the world economy;
      - understands marketing concepts, the essence of marketing management, e-marketing, and context and influencing factors of marketing decisions;
      - designs and conducts market research and interprets the results in the context of strategic positioning, competitive advantage, and development opportunities of the organisation.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Operations Management and Development Trends
      MMK3100
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      SK
      Bachelor Seminar
      MMM3020
      3.0
      1.0
      0.3
      0.0
      0.7
      A
      SK
      Marketing Research
      MMM3040
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K1
      International People Management
      MMO3050
      6.0
      3.0
      1.0
      0.0
      2.0
      E
      K
      Start-up Entrepreneurship
      TMJ0190
      6.0
      4.0
      1.0
      0.0
      3.0
      E
      S
      Marketing Management
      TMM2420
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      E-marketing
      TMM2470
      6.0
      2.5
      1.0
      0.0
      1.5
      E
      SK
      Total: 39.0 ECTS credits
      Elective courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Introduction to Circular Economy
      EKX0040
      3.0
      2.0
      2.0
      0.0
      0.0
      E
      K
      European Union Law
      HOL6010
      6.0
      4.0
      3.0
      0.0
      1.0
      E
      SK
      Financial Modelling
      MEF3010
      6.0
      5.0
      0.0
      0.0
      5.0
      E
      K1
      Business Software Solutions
      MMA3090
      6.0
      6.0
      3.0
      0.0
      3.0
      A
      K1
      Business Analytics
      MMA3100
      6.0
      4.0
      2.0
      0.0
      2.0
      A
      SK
      Intermediate Financial Accounting
      MMA3110
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Management and Cost Accounting
      MMA3160
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Creativity and innovation
      MMJ3050
      6.0
      5.0
      2.0
      0.0
      3.0
      A
      K1
      Internship (Internship)
      MMJ3070
      6.0
      0.0
      0.0
      0.0
      0.0
      A
      S
      Marketing Communication and Consumer Behaviour
      MMM3070
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Knowledge Management
      MMO3070
      6.0
      3.0
      1.5
      0.0
      1.5
      E
      K
      Economic sociology
      MMS3030
      6.0
      3.0
      1.0
      0.0
      2.0
      H
      S
      Money, Financial Institutions and Markets
      TER2560
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Financial Management
      TER2620
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Econometrics
      TES1140
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      S
      Problem and Project Based Learning
      UTT0120
      6.0
      4.0
      0.0
      4.0
      0.0
      A
      SK
      Total: at least 24.0 ECTS credits
    • +
         MODULE: F Free Choice Studies 6.0 ECTS credits (Free choice courses)
      Aims
      The free choice studies enable students to take subject courses based on their personal interests.
      Learning outcomes
      After completing this module, the student has upgraded his/her
      competency profile with an additional perspective that enables to see the programme focused business knowledge and skills in greater depth or in the context of broader world-view.
      Show more...
    • +
         MODULE: Graduation Thesis 9.0 ECTS credits (Graduation thesis)
      Aims
      The aim of graduation thesis is to develop the experiences of independently conducting a scientific research,
      discussing and solving a complete topical theoretical or practical economic or business process problem and the skills of using theoretical knowledge for solving practical problems at the academic bachelor degree level. The topic of the thesis must be related to chosen specialty of the student.
      Show more...
      Learning outcomes
      The student:
      - formulates a research problem corresponding to the main speciality, sets the aim of the thesis and defines research questions/tasks/hypotheses;


      - chooses appropriate scientific and field-specific literature, analyses and synthesizes their content;
      - chooses appropriate methodology to fulfill the aim of the thesis;
      - collects, processes and analyses relevant information;
      - uses professional knowledge to solve the research problem, interpret the results and provide conclusions;
      - formats the thesis according to pre-set requirements using scientific language and professional terminology and following proper citing principles;
      - presents and explains one's viewpoints in both written and oral form.
      Show more...
    • +
         STANDARD STUDY PLAN: Autumn daytime study
      • +
           1st Semester
      • +
           2nd Semester
      • +
           3rd Semester
      • +
           4th Semester
      • +
           5th Semester
      • +
           6th Semester
  • +
       MAIN SPECIALITY 7: Finance and Accounting
    • +
         MODULE: Foundational Competences 18.0 ECTS credits (General studies)
      Aims
      The aim of this module is to:
      - develop knowledge, skills and

      basic competences that broaden the perspectives of students and create a platform for acquiring further competences of economic and business processes;
      - provide elective courses over a wide range of subjects to strengthen the interdisciplinary element in competency profile and develop business English communication skills and understanding of Estonian language and culture;
      - enable knowledge and skills in the field of ICT for creating, processing, presenting and understanding information and applications;
      - develop understanding of a human health from the perspectives of planning work processes, healthy work environments and ergonomics.
      Show more...
      Learning outcomes
      After completing this module, the student:
      - knows the basic principles of ICT,

      is able to find and evaluate information efficiently, is able to use spreadsheets and word processing applications proficiently and is able to use programming tools for processing data;
      - can scientifically interpret the effect of work environment on human body, knows the risk factors involved in work environment and is able to develop a healthy and ergonomic work environment;
      - has selectively strengthened and broadened knowledge and skills in communication skills in Estonian or in a foreign language, or regarding the principles of natural sciences.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      IT Foundations I
      IDK0043
      3.0
      2.0
      0.0
      2.0
      0.0
      A
      SK
      IT Foundations II
      IDK0044
      3.0
      2.0
      0.0
      2.0
      0.0
      H
      SK
      Working Environment and Ergonomics
      TMT2020
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Total: 12.0 ECTS credits
      Elective courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Philosophy
      HHF3081
      3.0
      2.0
      1.5
      0.0
      0.5
      E
      S1
      Personal Finance
      MEF3020
      3.0
      2.0
      1.0
      0.0
      1.0
      E
      K1
      Refresher Course in Mathematics for Business Students
      MEM3010
      3.0
      4.0
      0.0
      0.0
      4.0
      A
      S1
      Estonian Language and Culture
      MLE0010
      6.0
      4.0
      0.0
      4.0
      0.0
      A
      SK
      Business English II
      TSK0028
      6.0
      4.0
      0.0
      4.0
      0.0
      E
      SK
      Business English I
      TSK0326
      6.0
      4.0
      0.0
      4.0
      0.0
      E
      SK
      Contemporary International Relations
      TSP0073
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Fundamentals of life
      YTM0071
      3.0
      2.0
      2.0
      0.0
      0.0
      E
      SK
      Total: at least 6.0 ECTS credits
    • +
         MODULE: P1 Methods, Markets and Economy 30.0 ECTS credits (Core studies)
      Aims
      The aim of this module is to:
      - develop economic thinking and capability of perceiving cross-enterprise and -industry economic relations;


      - create systematic overview of basics of economics;
      - develop understanding of science-based functioning of the environment, to develop systematic knowledge of the environment, natural resources and related economic challenges and to develop skills to manage accordingly, i.e. sustainably;
      - develop logical and structured thinking, creating a basis of competences of business mathematics and statistics that enables to further understand more sophisticated special mathematical constructs and possibilities of statistical analysis.
      Show more...
      Learning outcomes
      After completing this module, the student:
      - is able to think

      in economic terms and explain the economic behaviour of economic actors; comprehend the relationship between individual economic phenomena and economy as a whole;
      - knows the fundamental concepts of economics theory and principles of economics both on micro and macro level; is able to interpret microeconomic indicators and analyse relationships between and reasons for elementary macroeconomic processes;
      - demonstrates systematic knowledge about environmental economics and the economics of sustainable development, main environmental problems, their causes, consequences and the possibilities of influencing and preventing them, environment-based restrictions on the economy and about related regulations;
      - has an overview of statistics concepts and research methods used in economic and business studies;
      - is able to interpret economic problems mathematically, formulate less sophisticated mathematical economics tasks and solve them.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Fundamentals of Business Mathematics
      MEM3020
      6.0
      3.8
      1.5
      0.0
      2.3
      E
      S
      Environmental and Sustainable Development Economics
      MME3010
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Statistics
      TES0020
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      SK
      Microeconomics I
      TET0010
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Macroeconomics I
      TET2550
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Total: 30.0 ECTS credits
    • +
         MODULE: P2 Core Business Competences 54.0 ECTS credits (Core studies)
      Aims
      The aim of this module is to:
      - develop knowledge and basic

      skills through broad-based basic courses across main business functions and foundational perspectives (including legal and ethical considerations and internationalisation), and to develop capability for understanding cross-functional relationships so that the student obtains a more comprehensive picture of processes in the enterprise and of ways to increase competitive advantage and contribute to the needs and expectations of society;
      - develop in-depth knowledge and skills in entrepreneurship, including business idea development; recognising entrepreneurial opportunities and implementing them in practice in different business environments; to contribute the development of personality traits and attitudes that support the entrepreneurial behaviour of students;
      - provide an overview of the essence of theoretical approaches and business research, of planning and conducting business research, of valid and relevant qualitative and quantitative methods of research and analysis, and of foundations on reporting research results.
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      Learning outcomes
      After completing this module, the student:
      - demonstrates broad fundamental knowledge and skills across four pillars of the programme - marketing,

      entrepreneurship and management, accounting and business intelligence, and finance - from operative level to broadly outlined strategic level;
      - knows the basic terminology, theories and concepts of the above named areas and general conventional methods of analysis, and is able to set area-related aims and develop the processes in focus;
      - is able to perceive relationships and interdependence between business functions, their impact on total costs of enterprise, its efficiency and competitive position, and defines, analyses and improves practical problems and challenges of not overly sophisticated nature;
      - is able to evaluate positive and negative aspects and risks of being an entrepreneur; knows which personality traits are essential for an entrepreneur and is able to evaluate his/her own fitness for becoming an entrepreneur;
      - knows the principles of creative thinking, can demonstrate initiative, evaluate entrepreneurial opportunities, analyse impact of a business environment on the idea realisation potential and develop a business model; take the main decisions related to the establishment of an enterprise and plan business growth and development;
      - knows the characteristics of business research, stages of the research process, methods for gathering and analysing quantitative and qualitative data; is skilled in applying widely used data collection methods; is able to conduct data analysis, interpret results of analysis and present them in a generalised, informative way in agreement with academic requirements;
      - is able to analyse different situations and issues of dispute in the area of business law, and is able to envisage legal interpretations and potential consequences of related business decisions;
      - has knowledge about the essence of international business and basic principles of internationalisation;
      - knows the theoretical bases of business ethics and is able to analyse business ethics dilemmas based on the principle of corporate social responsibility.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      International Business and Ethics
      MMJ3040
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Management and Leadership
      MMO3030
      6.0
      4.0
      1.0
      1.0
      2.0
      E
      S
      Research Methods in Business Studies
      MMS3050
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Business Law
      MOE5071
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Principles of Financial Accounting
      TAF2810
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Basic Finance
      TER2550
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      Introduction to Entrepreneurship
      TMJ0140
      6.0
      4.0
      1.0
      0.0
      3.0
      E
      SK
      Logistics and Inventory Management
      TMJ0230
      6.0
      3.0
      1.2
      0.0
      1.8
      E
      SK
      Basic Marketing
      TMM2150
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Total: 54.0 ECTS credits
    • +
         MODULE: E1 Finance and Accounting 63.0 ECTS credits (Special studies)
      Aims
      The aim of this module is to:
      - acquire competencies in finance

      and accounting to the extent and scope that enable graduates to develop the work processes of international companies, work in various financial positions, and further enhance their personal professional competencies, thereby laying the foundation for a successful career;
      - provide knowledge and skills in the concepts, methods, and accounting principles of financial accounting and their application;
      - provide knowledge in the concepts, methods, and accounting principles of financial management and their application in a consolidated form, which is especially necessary for the financial manager's competency profile;
      - develop an understanding of the possibilities of management and cost accounting instruments to support organizations through high-quality accounting information and skills in using management accounting methods;
      - provide basic knowledge of financial services and systems, instruments, and the impact of the financial sector on the business environment, including the role of international financial organizations and the fundamental issues of international finance;
      - develop analytical and digital skills for collecting financial information from various company information systems, processing it, analyzing it, interpreting it, and presenting it to company management;
      - foster an understanding of econometric models and modelling methods and develop skills for the practical application of these methods and models;
      - enhance their professional preparation through various elective courses in the field of business finance and in courses related to the broader business environment and business activities.
      Show more...
      Learning outcomes
      The student:
      - understands the terminology and concepts of financial accounting,

      can organize financial accounting within a company, comprehends, interprets, and analyzes financial statements;
      - comprehends and interprets the content of financial statements and can generally manage financial accounting within a company;
      - navigates the basic concepts of management and cost accounting, can prepare different decisions based on quantitative data, create various budgets, plans, and reports, perform ratio-based analysis, and evaluate the success of an international company using different financial performance criteria;
      - analyzes practical financial issues, demonstrating a basic knowledge of the international financial system, services, and instruments;
      - understands the impact and challenges of the digital age on traditional accounting, can collect financial information from various company information systems, process, analyze, interpret it, and present it to company management;
      - is familiar with the main research methods in econometrics and applies them in a practical context, handling quantitative analysis of economic problems.
      Show more...
      Compulsory courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Bachelor seminar
      MEF3030
      3.0
      2.0
      1.0
      0.0
      1.0
      A
      SK
      Business Analytics
      MMA3100
      6.0
      4.0
      2.0
      0.0
      2.0
      A
      SK
      Intermediate Financial Accounting
      MMA3110
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Management and Cost Accounting
      MMA3160
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Money, Financial Institutions and Markets
      TER2560
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K
      Financial Management
      TER2620
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      S
      Econometrics
      TES1140
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      S
      Total: 39.0 ECTS credits
      Elective courses:
      Course title
      Course code
      ECTS credits
      Hours per week
      Lectures
      Practices
      Exercises
      E/P-F.Ass./ Gr.Ass.
      Teaching semester
      Introduction to Circular Economy
      EKX0040
      3.0
      2.0
      2.0
      0.0
      0.0
      E
      K
      European Union Law
      HOL6010
      6.0
      4.0
      3.0
      0.0
      1.0
      E
      SK
      Financial Modelling
      MEF3010
      6.0
      5.0
      0.0
      0.0
      5.0
      E
      K1
      Business Software Solutions
      MMA3090
      6.0
      6.0
      3.0
      0.0
      3.0
      A
      K1
      Creativity and innovation
      MMJ3050
      6.0
      5.0
      2.0
      0.0
      3.0
      A
      K1
      Internship (Internship)
      MMJ3070
      6.0
      0.0
      0.0
      0.0
      0.0
      A
      S
      Operations Management and Development Trends
      MMK3100
      6.0
      4.0
      2.0
      2.0
      0.0
      E
      SK
      Marketing Research
      MMM3040
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      K1
      International People Management
      MMO3050
      6.0
      3.0
      1.0
      0.0
      2.0
      E
      K
      Knowledge Management
      MMO3070
      6.0
      3.0
      1.5
      0.0
      1.5
      E
      K
      Economic sociology
      MMS3030
      6.0
      3.0
      1.0
      0.0
      2.0
      H
      S
      Start-up Entrepreneurship
      TMJ0190
      6.0
      4.0
      1.0
      0.0
      3.0
      E
      S
      Marketing Management
      TMM2420
      6.0
      4.0
      2.0
      0.0
      2.0
      E
      SK
      E-marketing
      TMM2470
      6.0
      2.5
      1.0
      0.0
      1.5
      E
      SK
      Problem and Project Based Learning
      UTT0120
      6.0
      4.0
      0.0
      4.0
      0.0
      A
      SK
      Total: at least 24.0 ECTS credits
    • +
         MODULE: F Free Choice Studies 6.0 ECTS credits (Free choice courses)
      Aims
      The free choice studies enable students to take subject courses based on their personal interests.
      Learning outcomes
      After completing this module, the student has upgraded his/her
      competency profile with an additional perspective that enables to see the programme focused business knowledge and skills in greater depth or in the context of broader world-view.
      Show more...
    • +
         MODULE: Graduation Thesis 9.0 ECTS credits (Graduation thesis)
      Aims
      The aim of graduation thesis is to develop the experiences of independently conducting a scientific research,
      discussing and solving a complete topical theoretical or practical economic or business process problem and the skills of using theoretical knowledge for solving practical problems at the academic bachelor degree level. The topic of the thesis must be related to chosen specialty of the student.
      Show more...
      Learning outcomes
      The student:
      - formulates a research problem corresponding to the main speciality, sets the aim of the thesis and defines research questions/tasks/hypotheses;


      - chooses appropriate scientific and field-specific literature, analyses and synthesizes their content;
      - chooses appropriate methodology to fulfill the aim of the thesis;
      - collects, processes and analyses relevant information;
      - uses professional knowledge to solve the research problem, interpret the results and provide conclusions;
      - formats the thesis according to pre-set requirements using scientific language and professional terminology and following proper citing principles;
      - presents and explains one's viewpoints in both written and oral form.
      Show more...
    • +
         STANDARD STUDY PLAN: Autumn daytime study
      • +
           1st Semester
      • +
           2nd Semester
      • +
           3rd Semester
      • +
           4th Semester
      • +
           5th Semester
      • +
           6th Semester
  • +
       MINOR SPECIALITY MODULE: Minor Specialty Module: International Business Administration
    Aims
    The aim of this minor specialty is to:
    - offer foundational and core business competences to understand the nature of international business,

    business functions, business processes and their inter-relations in order to support and augment main curricular focus of students with the understanding of the logic of business operations;
    - develop cross-functional overview of business processes and means to increase competitive advantage;
    - develop in-depth knowledge and skills in entrepreneurship, including business idea development; recognising entrepreneurial opportunities and applying them in practice in different organisations and business environments;
    - develop an understanding of a future-focused business organisation as a whole with various functions, their joint action and of the economic, social, political-legal and cultural environment and its development.
    Show more...
    Learning outcomes
    After completing this minor specialty module, the student:

    - demonstrates broad fundamental knowledge and skills across four pillars of the programme - marketing, entrepreneurship and management, accounting and business intelligence, and finance - from operative level to broadly outlined strategic level;
    - knows the basic terminology, theories and concepts of the above named areas and general conventional methods of analysis, and is able to set area-related aims and develop the processes in focus;
    - is able to perceive relationships and interdependence between business functions, their impact on total costs of enterprise, its efficiency and competitive position, and defines, analyses and improves practical problems and challenges of not overly sophisticated nature;
    - is able to evaluate positive and negative aspects and risks of being an entrepreneur; knows which personality traits are essential for an entrepreneur and is able to evaluate his/her own fitness for becoming an entrepreneur;
    - can evaluate entrepreneurial opportunities, analyse impact of a business environment on the idea realisation potential and draw up a business model; take important decisions related to establishment of an enterprise and plan business growth and development;
    - is able to analyse different situations and issues of dispute in the area of business law, and is able to envisage legal interpretations and potential consequences of related business decisions;
    - has knowledge about the essence of international business and basic principles of internationalisation;
    - knows the theoretical bases of business ethics and is able to analyse business ethics dilemmas based on the principle of corporate social responsibility.
    - demonstrates creative and proactive attitude towards change and continuous development on both personal and organisational level, is able to set both individual and group targets, is able to plan actions systematically, effectively and efficiently and is prepared to participate in team work as well as to lead teams.
    Show more...
    Compulsory courses:
    Course title
    Course code
    ECTS credits
    Hours per week
    Lectures
    Practices
    Exercises
    E/P-F.Ass./ Gr.Ass.
    Teaching semester
    International Business and Ethics
    MMJ3040
    6.0
    4.0
    2.0
    0.0
    2.0
    E
    S
    Management and Leadership
    MMO3030
    6.0
    4.0
    1.0
    1.0
    2.0
    E
    S
    Business Law
    MOE5071
    6.0
    4.0
    2.0
    0.0
    2.0
    E
    SK
    Principles of Financial Accounting
    TAF2810
    6.0
    4.0
    2.0
    0.0
    2.0
    E
    K
    Basic Finance
    TER2550
    6.0
    4.0
    2.0
    0.0
    2.0
    E
    SK
    Introduction to Entrepreneurship
    TMJ0140
    6.0
    4.0
    1.0
    0.0
    3.0
    E
    SK
    Logistics and Inventory Management
    TMJ0230
    6.0
    3.0
    1.2
    0.0
    1.8
    E
    SK
    Basic Marketing
    TMM2150
    6.0
    4.0
    2.0
    0.0
    2.0
    E
    S
    Total: 48.0 ECTS credits