Economic and Business Studies

MASTER'S DEGREE STUDY PROGRAMME

(ECONOMIC AND BUSINESS SCIENCES)

 

UM FEB master‘s study specialisation Economic and business studies covers various economic and business disciplines in depth by combining theoretical knowledge in both fields with case studies from practice. It examines the most up-to-date concepts in all major business areas at the advanced level, i.e. strategic management, business law, marketing, finance, information management and others. The students gain both basic knowledge and practical skills, required for their proffesional careers. 

UM FEB master's programme specialisation Economic and Business Studies is taught in English and offers participants to reach new professional achievements.

With their master's thesis, students demonstrate their ability to conduct independent, theoretically grounded, and in-depth research on a chosen economic or business issue, incorporating methodological rigor in their research methodology. They showcase their capacity to independently apply acquired knowledge to address complex business challenges and engage in informed discussions and persuasive arguments within a professional setting.

In the second semester of the first year of studies, students choose between the two modules:

Modul A: Business Management

We have placed a particular emphasis on the management of small and medium-sized enterprises, primarily due to the specific characteristics of these enterprises (SMEs) in the economy, which serve as key drivers of economic growth and job creation in many countries. The program also addresses the specific challenges faced by such companies, including limited resources, financial constraints, adaptation to rapid changes, and competition in their environments. This module is designed to provide students with knowledge of various business models, enabling them to gain a broader understanding of management approaches, which will enhance their adaptability and ability to adjust to various organizational environments. Additionally, an important subset of small and medium-sized enterprises consists of family businesses, which are a significant part of the economy in many countries. However, they face unique challenges such as managing family relationships, ownership transitions, and leadership in subsequent generations.

Modul B: Management and Governance in Health Care

We have also developed this module because the environment is characterized by significant demographic changes. This module allows students to learn how to effectively manage healthcare organizations and improve the quality of care. Understanding how to develop effective strategies for growth and competitiveness in the business world is of paramount importance, along with strengthening interdisciplinary knowledge. The introduction of the Management and Governance in Health Care module enables the integration of knowledge with a crucial sector of the economy, providing students with a better understanding of complex challenges. Students who possess knowledge in both business management and the healthcare sector are more attractive to employers and have a broader range of career opportunities.

ACADEMIC YEAR 2023/2024

Year 1

Semester 1 (Winter)

CourseECTS
Management5
Basic Concepts of a Company
5
Modern Microeconomic Analysis5
Research Methods5
Strategic Issues of IS/IT5
Corporate Finance II
5 

 

Semester 2 (Summer)

CourseECTS
Business Ethics and Organization Culture5
International Strategic Marketing Management5
Services Marketing5
Communication, Motivation and Conflict Solving5
Project Oriented Strategic Management5
Strategic Human Resource Management5

Year 2

Semester 3 (Winter)

CourseECTS
Contemporary Concepts of Governance and Strategic Management5
Corporate Governance5
Elective course 15
Elective course 25
Elective course 35
Elective course 45

 

Semester 4 (Summer)

CourseECTS
Master thesis30

Elective courses (1, 2, 3, 4)

Semester 3 (Winter)

CourseECTS
Stock Market Trends and Strategies5
Technological and Eco Innovations5
Business Information Solutions5
Marketing Data and Analytics
5
Quantitative Techniques in Management5
Strategic Supply Chain Management5
Innovation Management5
International Economic Order5
Law of Intellectual Property5
Public Finance II5
Business and Tax Consulting5
Trade Marketing5
Credibility and Corporate Culture5
Customer Behaviour Research5
Human Resources Development5
Developing and Introducing Management concepts in Practice5
Bank Management II5
Risk Management in Financial Institutions5

ACADEMIC YEAR 2024/2025

MODUL A: BUSINESS MANAGEMENT

Year 1

COURSE ECTS Semester
MANAGEMENT 5 Winter
MODERN THEORIES OF THE FIRM 5 Winter
MODERN MICROECONOMIC ANALYSIS 5 Winter
RESEARCH METHODS 5 Winter
STRATEGIC ISSUES OF DIGITAL TRANSFORMATION 5 Winter
CORPORATE FINANCE II 5 Winter
BUSINESS ETHICS AND ORGANIZATION CULTURE 5 Summer
CORPORATE GOVERNANCE 5 Summer
INTERNATIONAL STRATEGIC MARKETING MANAGEMENT 5 Summer
STRATEGIC HUMAN RESOURCE MANAGEMENT 5 Summer
FREE ELECTIVE COURSE 1 5 Summer
FREE ELECTIVE COURSE 2 5 Summer

Year 2

COURSE ECTS Semester
CONTEMPORARY CONCEPTS OF GOVERNANCE AND STRATEGIC MANAGEMENT 5 Winter
PROJECT ORIENTED STRATEGIC MANAGEMENT 5 Winter
SERVICES MARKETING 5 Winter
CREDIBILITY AND CORPORATE CULTURE 5 Winter
ELECTIVE COURSE 3 5 Winter
ELECTIVE COURSE 4 5 Winter
MASTER THESIS 30 Summer

FREE ELECTIVE COURSE 1, 2*

COURSE ECTS Semester
COMMUNICATION, MOTIVATION AND CONFLICT SOLVING 5 Summer
BANK MANAGEMENT II 5 Summer
GOVERNANCE AND MANAGEMENT IN HEALTH CARE 5 Summer
PUBLIC SECTOR AND HEALTH ECONOMICS 5 Summer

ELECTIVE COURSE 3, 4

COURSE ECTS Semester
MANAGEMENT ACCOUNTING IN HEALTHCARE ORGANISATIONS 5 Winter
FINANCIAL EVALUATION OF HEALTHCARE SYSTEMS, PROGRAMS AND INVESTMENTS 5 Winter
QUANTITATIVE TECHNIQUES IN MANAGEMENT 5 Winter
MANAGERIAL ASPECTS OF BUSINESS INFORMATION SOLUTIONS 5 Winter
INNOVATION MANAGEMENT 5 Winter
STRATEGIC SUPPLY CHAIN MANAGEMENT 5 Winter

*Within Free Elective Course 1 and 2, the student may choose any other course from the range of courses offered in the 2nd Cycle: Master's Degree Study Programme of the EPF, other members of the UM or other universities.

MODUL B: MANAGEMENT AND GOVERNANCE IN HEALTH CARE

Year 1

COURSE ECTS Semester
MANAGEMENT 5 Winter
MODERN THEORIES OF THE FIRM 5 Winter
MODERN MICROECONOMIC ANALYSIS 5 Winter
RESEARCH METHODS 5 Winter
STRATEGIC ISSUES OF DIGITAL TRANSFORMATION 5 Winter
CORPORATE FINANCE II 5 Winter
BUSINESS ETHICS AND ORGANIZATION CULTURE 5 Summer
CORPORATE GOVERNANCE 5 Summer
GOVERNANCE AND MANAGEMENT IN HEALTH CARE 5 Summer
PUBLIC SECTOR AND HEALTH ECONOMICS 5 Summer
FREE ELECTIVE COURSE 1 5 Summer
FREE ELECTIVE COURSE 2 5 Summer

Year 2

COURSE ECTS Semester
CONTEMPORARY CONCEPTS OF GOVERNANCE AND STRATEGIC MANAGEMENT 5 Winter
PROJECT ORIENTED STRATEGIC MANAGEMENT 5 Winter
MANAGEMENT ACCOUNTING IN HEALTHCARE ORGANISATIONS 5 Winter
FINANCIAL EVALUATION OF HEALTHCARE SYSTEMS, PROGRAMS AND INVESTMENTS 5 Winter
ELECTIVE COURSE 3 5 Winter
ELECTIVE COURSE 4 5 Winter
MASTER THESIS 30 Summer

FREE ELECTIVE COURSE 1, 2*

COURSE ECTS Semester
COMMUNICATION, MOTIVATION AND CONFLICT SOLVING 5 Summer
BANK MANAGEMENT II 5 Summer
INTERNATIONAL STRATEGIC MARKETING MANAGEMENT 5 Summer
STRATEGIC HUMAN RESOURCE MANAGEMENT 5 Summer

ELECTIVE COURSE 3, 4

COURSE ECTS Semester
SERVICES MARKETING 5 Winter
CREDIBILITY AND CORPORATE CULTURE 5 Winter
QUANTITATIVE TECHNIQUES IN MANAGEMENT 5 Winter
MANAGERIAL ASPECTS OF BUSINESS INFORMATION SOLUTIONS 5 Winter
INNOVATION MANAGEMENT 5 Winter
STRATEGIC SUPPLY CHAIN MANAGEMENT 5 Winter

*Within Free Elective Course 1 and 2, the student may choose any other course from the range of courses offered in the 2nd Cycle: Master's Degree Study Programme of the EPF, other members of the UM or other universities.

ACADEMIC YEAR 2025/2026

We are planning to introduce Supply Chain and Logistics Management.