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International Economics

Vytautas Magnus University
2 years
Full time
Master's degree
Scholarships available
On campus
24 August 2020
2,952 EUR

Program description

International Economics

This program is oriented towards the theories and policies of international economics, its legal aspects, micro and macro economic analysis of economic activity, strategy planning, advanced methods of modern economic analysis, etc.

The goal of International Economics is to prepare qualified experts of international economics who would be knowledgeable in the field and able to conduct scientific research at micro or macro levels, considering it in international and global contexts. Graduates of the program will possess the necessary skills for assessing and formulating international economic policies, conducting scientific economic analysis, employing appropriate methods and techniques for prediction and implementation of economic strategies at organizational and national levels, establishing effective communication with scientists, politicians and practitioners internationally, etc.

Masters of International Economics will be able to use their newly acquired knowledge and understanding of international economic processes in independent analysis and critical assessment of theory and processes in the economic system. They will find original ways to develop and apply ideas of international economics in the context of scientific research, solve problems in a new or unfamiliar interdisciplinary environment, etc.

Admission requirements

  • Bachelor degree diploma or equivalent degree in the field of Economics or Finance. Applicants should have at least 30 ECTS in the field of Economics, Finance and Management.
  • Proof of English Language: applicant has to present document proving B2 level of the Common European Framework of Reference for Languages (TOEFL 87 iBT/534, IELTS 5.5 or any other document proving B2 level) if the applicant had not received education in English. After admission all students will be tested for English language level at the Institute of Foreign Languages at Vytautas Magnus University. If English level will be below B2 students have to study English to reach B2 level in first two semesters of Master studies. Students have to self-fund English studies.
  • Admission score is counted based on: Arithmetic average of bachelor degree diploma supplement all subjects* 0,7 + Evaluation of bachelor thesis or final examination * 0,3.

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Program content

Year 1

Compulsory subjects

  • Macroeconomics and Monetary Policy
  • International Business Law
  • Financial Measurement Systems and Instruments
  • Behavioral and Experimental Economics
  • Optimization Methods in Economics
  • Comparative Economics: Research Methodology and Research Paper No. 1
  • Microeconomics and Game Theory
  • Economics of Institutions
  • Econometrics II

Optional subjects

  • Subject from Personal Skills Group

Year 2

Compulsory subjects

  • International Trade and Finance
  • International Corporate Strategy
  • Global Economy
  • Final Master Thesis

Optional subjects

  • Subject from Management Skills Group
  • Subject from Sustainable Development Group

Tuition fees

The tuition price is €2,952 per year

Scholarships & funding

Several scholarship options are available. Please check the university website for more information


Master Degree (Master of Social Sciences)

Career opportunities

With this degree on their résumé, graduates will be able to work as professional economists in international companies, agencies, governmental institutions and the private sector. They may also choose to pursue a PhD. in economics.

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About this institute

Vytautas Magnus University

Vytautas Magnus University (VMU) is a public university that was established in 1922. Ranked in QS World University Rankings 2018 as a leader in the country by its internationality, VMU is the only public higher education institution in Lithuania and...

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Contact info

Vytautas Magnus University

V.Putvinskio g. 23,
LT-44243 Kaunas

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