Liubov Zharova, D.Sc. in Economics, Professor, Head of the International Economic Relations, Business and Management Department:
“Every time we organize meetings for the public to get to know the university and meet with future applicants, the question arises, what is the difference between the two main specialties we teach – 073 “Management” and 292 “International Economic Relations.”
Let’s start with common. It is worth saying that both areas are directly related to the economy. It means there will be subjects related to general economic training, including macroeconomics, microeconomics, business policy, etc. The universal part is basic knowledge that will allow you to develop in any field related to the economy and understand the main trends and laws of socioeconomic development.
Focus on the specifics of these specialties. Management aims to understand the organization’s structure and the interaction of all its parts. This major focuses on understanding the organization as a mechanism and the ability to achieve synergy. The program focuses on the organization’s internal environment, searching for growth points there.
International economic relations pay more attention to the organization’s external environment and how it should develop and build global relations. As part of this specialization, applicants receive theoretical knowledge and practical tools for analyzing and understanding the situation, constructing possible development scenarios, and developing development strategies.
It is worth noting that the list of courses is constantly expanding. In addition to mandatory subjects, there are optional subjects. The acquirer chooses these subjects directly, allowing them to supplement special knowledge according to preferences or individual needs. So, in the specialty of international economic relations, you can additionally take courses in management, and vice versa, you can supplement with studies in sustainable development, econometrics, public speaking, or leadership. Such variability allows one not only to master the competencies provided by the chosen educational program but also to adjust it to one’s ambitions.
So, when choosing a program, you should ask yourself what exactly interests me to select an educational program and then take advantage of the opportunities offered by elective subjects.”
