Corvinus University of Budapest

BSc in Applied Economics

• Department responsible for the program: Institute of Economics
• Program instructor: Szabó-Bakos Eszter
• Bachelor's degree program: Applied Economics
• Specialization: Economic Science
• Program time in semesters: 6 semesters
• Program language: English
• Site/Location: Budapest
• Division: Full time
• Program Type: Normal

In this program, we will introduce you relevant economic concepts, theories, principles, equations, and models which will be the foundation of your work. Not only that but you will have the possibility to take part in a double degree program with Bamberg University in Bamberg, Germany! Roles that you as a graduate can pursue include analyst in a bank or consulting firm, economic advisor to a government minister, insurance broker for a major provider or management trainee across a range of industries. Apply now!

Tuition fee: 630 000 HUF (≈1900 EUR) per semester for EEA applicants, 2400 EUR per semester for non-EEA applicants.

The level of qualification attainable in the Bachelor's program, and the title of the certification

• Qualification level: bachelor (baccalaureus, abbreviation: BSc).
• Qualification in Hungarian: közgazdász alkalmazott közgazdaságtan alapképzési szakon.
• Qualification in English: Economist in Applied Economics.

The number of credits to be completed for the Bachelor's degree: 180 credits

• Degree orientation: theory-oriented (60-70 percent).
• Thesis credit value: 10 credits.
• The minimum credit value of optional courses: 9 credits.

International Standard Classification of Education field of education code: 314

Bachelor's degree training objectives

The objective of the program is the training of economist experts who possess a stable grasp of economy and a suitable background in methodology, who can answer relevant economic questions using the attained knowledge and skills, who can solve the identified problem, and perform a basic analysis of the effects of economic events and economic policy interventions. Based on their knowledge and skills, they may participate in basic analytic and decision-preparing tasks. They are prepared to continue their training at the Master’s level.

Attained professional competences

The economist with an applied economics undergraduate degree has knowledge

• Knows the basic, comprehensive concepts, theories, facts, national and international economy interrelationships regarding relevant economic actors, functions, and processes.
• Has studied the basic theories and characteristics of the micro and macro levels of economy, possesses the basic information-gathering, mathematical, and statistical analytic methods.
• Knows the tools that may be used to identify relevant economic questions.
• Knows and skilfully uses the concepts of economic analysis.
• Knows the model-building, information-gathering, information-processing, and -analysis methods that may be used to answer relevant questions in the economy.
• Has attained the knowledge regarding the factors that affect the decisions of economic operators and the interrelationships by which decisions and market processes become economic events.
• Knows the points of connection through which the market and economic policy institutions can influence economic events.
• Knows the transmission mechanism of economic policy interventions.
• Has mastered the contextual and formal requirements of publishing professional results, and uses them competently.

The economist with an applied economics undergraduate degree has skills

• Can uncover, systemize, and analyze facts and basic interrelationships by utilizing the studied theories and methods, can formulate independent deductions and critiques, makes decision-preparation suggestions, and makes decisions in known and partially unknown – Hungarian or international – environments.
• Follows and interprets international and world economy business processes, changes in economic policy and in policies and laws relevant to his/her professional specialization, their effects, and considers these in analyses, suggestions, and decisions.
• Is capable of identifying relevant economic issues correctly and of answering them at a professionally adequate level based on their analysis and predictions.
• Is capable of choosing adequate conceptual and methodological elements to solve a relevant economic problem.
• Understands economic interrelationships, is capable of identifying the factors behind economic changes, and gauging the expected effects of economic events and economic policy interventions.
• Is capable of presenting results at the expected professional quality in a clear and understandable way.

The economist with an applied economics undergraduate degree has attitudes

• Demonstrates a problem-sensitive, proactive behavior for quality work; is constructive, cooperative, and takes initiative in project and group work.
• Is open to new information, new professional knowledge and methodologies, and performing new tasks and tasks that require cooperation. Strives to improve knowledge and work relationships and to cooperate with colleagues in this.
• Is dedicated to quality work.
• Observes the professional and ethical norms of scientific life and work.
• Is open to new knowledge.
• Is dedicated to the lifelong improvement of skills and knowledge.
• Observes the ethical norms of professional work in independent work; is open and constructive in group work.
• By applying the attained mathematical knowledge, strives for the deepest and most comprehensive understanding of observed phenomena and the description and explanation of their patterns.

The economist with an applied economics undergraduate degree has autonomy and responsibilities

• Performs and organizes the tasks defined in his/her job description independently, with general professional oversight. Organizes the analysis of economic processes and data collection, systemization, and evaluation independently. Takes responsibility for analyses and conclusions.
• Takes responsibility for his/her decisions, activity, and behavior.
• Takes responsibility for adhering to the standards, ethical guidelines, and professional standards defined by the educational institution.
• Takes responsibility for his/her own professional development.

Professional properties

The program ensures the development of a stable conceptual system of economy and a basic methodological toolkit necessary for solving basic economy-related issues, and develops skills necessary to uncover and solve issues and present the results, and reinforces the student’s attitudes, responsibility, and autonomy.

The scientific fields and areas that the training is based on are:

• Economy and methodology skills [Mathematics, Statistics, Informatics, Economics (Micro and Macro Economics, International Economics), Corporate Economics, Finance, Accounting, Economic Theory, Economic Statistics, Finance, History of Economic Thought, Economic Modelling, Game Theory, Economic Policy, Sectoral and Functional Economy, Economics, Community Economics, World- and European Economics, Environmental Economics, Public Policy, Regional Economics Studies, and differentiated professional skills] 155-165 credits;
• Introduction to social sciences (European Union Studies, General and Financial Law Studies, Economic History, Sociology, Psychology, Politology, Social Psychology, Philosophy, Organisational, and Management Theory) 15-25 credits.

Foreign language requirements

To obtain an undergraduate degree, one must have at least one intermediate "B2” complex type state-recognized foreign language examination, professional foreign language examination recognized in the relevant field of study or state-recognized upper level (C1) complex type general foreign language examination or an equivalent high school graduation certificate or diploma is required.