Course Catalogue

THEORY OF ECONOMICS

Course summary

The content of course Theory of Economics contains the role of market participants in economics managing, solving particular economic tasks according to generally accepted principles and methods; the main goals of micro- and macroeconomics and the concept of key economic indicators. The course analyses the decisions of a market economy participant, product demand and supply, consumer behaviour and the factors that shape it, production cost theory, profit maximization in different types of markets, national income indicators, aggregate demand and supply, monetary and fiscal policy, unemployment and inflation, international trade problems.

In the practical parts of the course the specific tasks about situations of market participants and the decisions taken in them are offered and the main micro- and macroeconomic problems in Lithuania and in the world are discussed.

Course code: AK_00044

Course scope: 6 ECTS

Course goal: to form the students‘ economic thinking and understanding of the causal-consequential relations of economic processes; to develop an innovative-minded personality able to act independently, actively and creatively, to structure and apply the acquired knowledge and make economic decisions in a constantly changing environment.

Course content:

  1. Object of microeconomic research
  2. Economic resources. Market and its functions
  3. Producer and consumer behaviour in the market
  4. Production costs
  5. Factor market. Types of competition. Labour market
  6. State market regulation
  7. Object of macroeconomic research. Calculation of gross national product
  8. Aggregate demand and aggregate supply. Economic fluctuations
  9. Fiscal policy
  10. Money, banks and monetary policy
  11. Economic growth
  12. International trade
  13. Exchange rates

BUSINESS LAW

Course summary

Students acquire knowledge about business legal environment: principles of law obligations, basics of the occurrence, expiration and termination of obligations, legal consequences, peculiarities of concluding different types of contracts, system of protective measures for the fulfilment of contractual obligations, peculiarities of concluding international private contracts; basics of the establishment and liquidation of companies and peculiarities of their activities organization; consumer rights and their defence regulations. Students are able to apply their knowledge in determining the type of obligation or contract, basics of the occurrence, expiration and termination of contracts; concluding contracts, establishing or liquidating economic entities and legally organize their activities.

Course code: AK_00018

Course scope: 3 ECTS

Course goal: to master the legal norms regulating the business environment of the Republic of Lithuania and international business environment and to be able to apply them in practice.

Course content:

  1. The relationship between the state, law and business in the context of laws and other regulations
  2. The content of the relationship between the rights and obligations of business participants
  3. The basis and legal consequences of the contractual obligations of business participants
  4. Conclusion of contractual obligations of business participants and protection of their interests. Consumer rights and their protection
  5. Establishment, reorganization and liquidation of business law entities
  6. Labour legal relations and their regulation
  7. EU law

MANAGEMENT

Course summary

Management is one of the most rapidly changing human sciences. How organizations are managed has a major impact on their efficiency, whatever their mission is. Whether they are businesses providing adequate products to the marketplace while earning a profit for their owners or social welfare agencies committed to maintaining the well-being of some people, the achievements and failures of organizations affect the lives of everyone.

Course code: AK_00018

Course scope: 6 ECTS

Course goals

To provide comprehensive coverage of the principles and practice of Management.
To choose relevant subject matter and to present it clearly and accessibly, using management material and tasks to help students understand Management concepts in a real-company context.

Content

1. Management and Organizations
2. The Evolution of Management
3. Planning Process
4. Organizing Process
5. Directing
6. Control
7. Organization Culture
8. Decision Making
9. Motivation
10. Leadership

MARKETING

Course summary

The course develops cognitive abilities of students to apply their professional knowledge in the process of company marketing management, recognize and analyse the main elements of marketing mix and their structural parts. After finishing this course, students will be able: to use marketing principles and concepts, analyse environment forces operating activities of the organization and make marketing decisions; to use and interpret information, conduct market and marketing research; to identify the factors that shapes consumer behaviour, segment customers and set advantages to choose a target market; to combine the elements of the marketing mix and select the appropriate marketing mix strategies that fit market and organization conditions.

Course code: AK_00012

Course scope: 6 ECTS

Course goals:

To provide modern marketing knowledge and practical skills, to form understanding of the main principles of market and acquire practical skills to creatively solve the problems of marketing.

Course content:

  1. Marketing concept
  2. Strategic marketing planning
  3. Marketing environment
  4. Marketing information and research
  5. Consumer behaviour
  6. Market segmentation, targeting and positioning
  7. Product and branding strategy. New product development
  8. Pricing the product. Pricing strategies
  9. Marketing channels and supply chain management
  10. Promotion mix elements. Promotion strategies
  11. Integrated marketing communications. On-line marketing

FINANCIAL ACCOUNTING

Course summary

In the course of Financial Accounting the concept of financial accounting is presented and the importance of financial accounting is analysed. Documents regulating accounting, financial statements and accounting policies of the company are reviewed. The company‘s accounting policy is analysed and the methodology of its formation is introduced. The principles of asset, equity, payable amounts and presentation of liabilities in the financial statements are analysed. Closing of income and costs accounts and completing the income statement are introduced. The principles of preparation of a statement of changes in equity and statement of cash flows are analysed. The ability to evaluate company‘s accounting policy in preparing a set of financial statements is developed.

Course code: AK_00013

Course scope: 6 ECTS

Course goal: to provide students with the knowledge of financial accounting, develop analytical approach to corporate financial management and encourage a deeper look to processes in the business environment. To provide the knowledge necessary in the areas of formation and organization of the accounting policy of the economic entity, bookkeeping and preparation of reports accounting information database, accounting control and budgeting activities.

Course content:

  1. The concept of accounting and users of accounting information. Regulation of accounting.
  2. Accounting process and its organization. Accounting accounts. Accounting documents and registries.
  3. Asset and equity/property accounting. Income and expenditure accounting.
  4. The essence, composition and preparation of financial statements.
  5. Analysis of business activity results of the economic entity.

CORPORATE FINANCE

Course summary

The concept, development and theoretical foundations of corporate finance are presented. Corporate finance management environment – financial markets and institutions are reviewed. The role of accounting, financial statements and analysis in a company‘s financial management is analyzed. Key elements of financial management are presented emphasizing the relationship between the time value, risk and profitability of money. The essence, principles, trends and means of financial result, capital, crediting, current and fixed assets, investments and their respective components management are analysed.

Course code: AK_00019

Course scope: 3 ECTS

Course goal: to provide theoretical knowledge and practical skills necessary to make strategic, tactical and operational decisions of the company‘s financial management based on analytical assessment; to plan, execute and control the company activities regarding the financial aspect.

Course content:

  1. The concept of corporate finance. The essence, purpose and principles of financial management. Financial management environment: financial markets and institutions
  2. Accounting, financial statements and analysis in corporate financial management
  3. Elements of financial management: risk and time value of money. Financial result management
  4. Capital composition, securities and dividends
  5. Crediting
  6. Investment management

ANALYSIS OF COMPANY ACTIVITIES

Course summary

The subject provides the concept of analysis of company activities with the emphasis on its importance and necessity for achieving company goals. The course includes the overview of the sources of analysis of company activities and their selection criteria, techniques and methods of analysis of company activities. Based on the methods of analysis of company activities, it also develops the abilities and skills to assess business environment, conditions and possibilities of company activities, determine the company‘s operational efficiency, financial results and the financial situation, conduct the analysis of bankruptcy possibility and business prospects, find and provide the means for increasing operational efficiency and improving performance.

Course code: AK_00021

Course scope: 3 ECTS

Course goal

To develop abilities and skills to conduct the analysis of company activities and provide targeted information to users as well as assure sufficient level of knowledge and acquisition of cognitive and practical skills.

Course content

  1. Theoretical fundamentals of analysis of company activities
  2. Sources of analysis of company activities. Types of analysis of company activities
  3. Analysis of company activity results
  4. Analysis of the company efficiency
  5. Company solvency analysis
  6. Cash flow analysis
  7. Business activity environment factors and their analysis
  8. Analysis of performance indicators
  9. Forecasting of company activities. Summarizing of company activity results, preparation of conclusions and proposals
  10. Independent work

PROFESSIONAL TRAINEESHIP

Course summary

During the professional practice students independently solve problems directly in the chosen company by getting acquainted with the methods of its organization and management peculiarities, work in a team and communicate. Students connect theoretical knowledge with work practice and real practical skills by enabling the student to learn under the guidance of experienced professionals. A practice report is prepared and defended.

Course code: AK_00037

Course scope: 9 ECTS

Course goal:

To combine theoretical training with development of practical skills and independent learning. To consolidate theoretical and practical basic and professional knowledge of studies by delving into the content of individual courses and acquiring professional competences related to organization of the company‘s work, rationing and payment, quality management, taxes and work experience.

Course content:

  1. Company characteristics
  2. Company management and analysis of company activities
  3. Total quality management
  4. Organization of work. Rationing and payment
  5. Taxes
  6. Preparation of practice report

FOREIGN LANGUAGE II (LITHUANIAN)

Course summary

The course is designed for the beginners to acquire the minimum of linguistic knowledge and skills, necessary to communicate in a foreign language in the domestic context. Lexical topics to form the communication competences in the aspect of all language activities (speaking, writing, listening and reading): are presented: pronunciation, letters, basics of writing, acquaintance, time, environment, house, food products, shopping, health, orientation in the city, business trip, hotel, work, services, leisure. Speech sounds, their pronunciation and writing and the main parts of language are introduced. Most commonly used words and phrases are taught.

Course code: AK_00033

Course scope: 6 ECTS

Course goals: to provide the minimum of linguistic knowledge and skills, necessary to communicate in a foreign language orally and in writing.

Course content:

  1. Pronunciation. Letters. The basics of writing
  2. Acquaintance
  3. Time. Environment. House
  4. Food products. Shopping
  5. Health
  6. Orientation in the city. Business trip. Hotel
  7. Work. Services. Leisure

HUMAN RESOURCES MANAGEMENT

Course summary

Human resources management analyses the main principles of human resources organization and management, and their theoretical and practical application. The essence of human resources management, interaction between culture and human resources policy, human resources management environment and human resources management evolution are introduced. Human resources organization activities, i.e. analysis of activities, human resources planning, recruitment, selection, adaptation, assessment, training and professional development are examined in detail. The significance, peculiarities and application in practice of leadership and motivation in the process of human resources management are studied.

Course code: AK_00050

Course scope: 6 ECTS

Course goals:

To acquire theoretical and practical human resources management knowledge about the main concepts and the mechanisms applied, basic elements of the human resources management systems, their theoretical operation and practical application in companies. To introduce the essence of human resources management, interaction between culture and human resources policy, human resources management environment and human resources management evolution. To examine in detail the human resources organizing activities: analysis of activities, human resources planning, recruitment, selection, adaptation, assessment, training and professional development. To study the significance, peculiarities and application in practice of leadership and motivation in the process of human resources management.

Course content:

  1. Content of human resources management
  2. Environment of human resources management
  3. Organization of human resources
  4. Human resources management: leadership and motivation

INTERCULTURAL COMMUNICATION

Course summary

The knowledge and practical skills about full-fledged communication and successful cooperation with representatives of different cultures, their mentality and behavioural peculiarities are provided. The course content includes culture classification models and types of culture, peculiarities of intercultural communication and cooperation with representatives of different cultures, communication process in multicultural environment.

Course code: AK_00014

Course scope: 3 ECTS

Course goals: to acquire competences and skills to act effectively in multinational, multilingual and multicultural environment applying different models of intercultural communication, recognizing the diversity of persons and intercultural differences.

Course content:

  1. Culture classification models and types of cultures
  2. Peculiarities of communication process in multicultural environment
  3. Effective verbal communication
  4. Intercultural non-verbal communication
  5. Peculiarities of multicultural communication in business
  6. G. Hofstede’s dimensions of culture
  7. Peculiarities of intercultural business communication and cooperation with representatives of different ethnic cultures
  8. Communication on order to achieve the agreement/understanding with representatives of different cultures

PROJECT MANAGEMENT

Course summary

With the start of project-oriented business models application worldwide, the skills of project management became necessary not only for more efficient project activities, but also for aspiring the success of the whole company. Project management includes planning, preparation, implementation and assessment of the project.

Course code: AK_00022

Course scope: 6 ECTS

Course goal: to introduce project management theories, modern concepts and application areas; to provide knowledge and skills about preparation of projects, develop integrated approach to organization of project management.

Course content:

  1. Concept of projects. Classification of projects
  2. Concept of project management
  3. Processes of project management
  4. Human aspect of project management
  5. Project risk management
  6. Project quality management
  7. International projects
  8. Project management tendencies