Applied Economics Applied Economics
Qualification awarded: Master in Economics, specialization "Applied economics"
Entry year: 2020
Mode of study: full
Program duration: 1,5 years
Institute: Institute of Economics and Management
Number of credits: 90 ECTS credits
Level of qualification according to the National Qualification Framework and the European Qualifications Framework: NQF Level 7 (Second cycle of QF-EHEA / EQF Level 7)
Field(s) of study: Social and Behavioural Sciences
Specific admission requirements: Bachelor’s degree
Specific arrangements for recognition of prior learning: If the previous degree has been obtained in the other countre then a nostrification is required, which is held by Lviv Polytechnic. The mechanism of non-formal and informal educations recognition is absent.
Qualification requirements and regulations, including graduation requirements: Full completion of the curriculum, the qualification exam passing, practical training on the topic of the master's qualifying thesis and the master's thesis defense
Characteristics of the educational program: Masters of "Economics" acquire in-depth theoretical and practical knowledge, abilities, skills in economics, acquire general principles of scientific and professional activities methodology, obtain other necessary competences in order to be able to solve complex problems to perform effectively innovative tasks in professional activity under uncertainty. Educational and professional program of Masters of "Applied economics" is based on the fundamental postulates and modern researches results in the sphere of applied economics, entrepreneurship and management, cost management and enterprises budgeting, socio-economic diagnostics, business planning and audit, applied econometrics, foreign economic and customs activities, offshore business, project management and enterprises development programs. Masters of "Applied economics" acquire sufficient complex knowledge, abilities and skills in oder to be able to solve a wide range of economic problems at enterprises of industry, construction and transport in the financial, economic, informational and analytical (diagnostic), accounting and control, project areas.
Gained competence: • basic knowledge of human, natural, social and behavioral sciences, laws and mechanisms of economic development on mega-, macro-, meso- and microlevels, economic-mathematical tools, basic philosophical categories and general scientific methods of research; • deep knowledge and understanding of the system of economic ensuring of implementation of a company’s various activities (production, marketing, logistics, social and human resources, innovation, investment, foreign economic activities); • deep knowledge of domestic and international regulatory and legal framework of economic activity of enterprises of different ownership and activities; • deep knowledge and understanding of the management system of enterprises’ economic activity on the basis of planning of economic development prospects, organizing, controlling, regulation of economic activity, staff motivation, formation of economic methods of management, economic assessment of management decisions; • deep knowledge and understanding of the mechanisms of financial, economic, informational, analytical, accounting of enterprises management system.
• skills to plan, control and regulate economic activity of enterprises on the basis of the development of spectrum of strategic and tactical economic plans, forecasting of financial and economic prospects of enterprises’ functioning, budget planning, calculation of production costs and pricing, monitoring, preliminary, current and final control, implementing of regulatory measures in an economic sphere; • skills to perform complex, partial and element socio-economic diagnostics of various factors, areas, types, parameters of enterprises’ activity; • skills to provide financial and economic support for business plans of launching and doing business, a variety of innovative and investment projects and programs of enterprises’ development; • skills to manage financial and economic potential, development, results, stability and security of companies; • skills to build, develop and balance economic mechanism of relations with stakeholders (customers, suppliers, public and domestic authorities, financial, credit, transport, logistics, insurance, consulting, auditing, legal organizations) in the process of enterprises’ industrial and economic activity.
• ability to form a stable ideology, to demonstrate an understanding of contemporary issues of society development, human being, spiritual culture, moral and ethical values, political consciousness, to share the social responsibility for the organization; • ability to choose an effective strategy and tactics of the economic development of enterprises, to optimize costs, cash flow, pricing, to ensure profitability, solvency, financial independence and business activity; • ability to implement financial and economic potential of enterprises, to provide efficient activity and interaction with stakeholders on domestic and international markets; • ability to develop and adopt economically grounded management decisions based on the results of socio-economic diagnostics of enterprises; • ability to economically justify and select promising businesses, innovation and investment projects and programs of enterprises’ development.
Academic mobility: Are absent, but mobility is encouraged and recognized in accordance with the ECTS procedures
Work placement(s): Practical training on the theme of master's qualifying thesis
Programme director: Director of the educational program – Melnyk Olha Hryhorivna, tel.: 0677917251, e-mail: Contact person – Adamiv Marta Evhenivna, tel.: 0676996514, e-mail:
Occupational profiles of graduates: The graduate is able to perform professional work in the following groups of occupations (according to DK 003: 2010): - heads of enterprises, institutions and organizations; - heads of small enterprises without top management; - managers of enterprises, institutions, organizations and their departments; - teachers/lecturers; - other professionals; - other experts.
Access to further studies: Obtaining third (educational and scientific / educational and creative) level
Other program features: The program is implemented in Ukrainian and partly in English