«November 2020»

MSc in International Economy and Business (En)


Programme International economy and business second-cycle (master) programme
Introduction From the academic year 2017-2018
Personal scope: Students starting their studies from 1 September 2017
Approved on 5 May 2017
Resolution Resolution No. (V. 5.) 69, Academic Year 2016/2017
Resolution No. (VI. 29.) 112, Academic Year 2017/2018
Programme owner Dr. Katalin Antalóczy
Dean Gulyásné Dr. Katalin Csekő, Dean


1 Licensing and accreditation of the programme
2 Objective of the training
3 Professional competences to be acquired
4 Basic information about the programme
5 Training structure
6 Specialisation of the programme
7 Mobility window
8 Internship
9 Master thesis requirements
10 Conditions for completing the training
11 Final examination requirements
12 Conditions for issuing the diploma
13 Qualification of Diploma
14 Special requirements of the training
15 Model curriculum (Plan of study)
  Version control

Content and requirements of the programme

1. Licensing and accreditation of the programme

The educational and outcome requirements for the International economy and business second-cycle (master) training are defined in Decree No. 18/2016 (VIII. 5.) of the Minister of Human Resources.
Number of the resolution of the Hungarian Accreditation Committee on the effective accreditation: 2014/8/XIII/20. 2.

 2. Objective of the programme

The objective of the programme is to educate economists capable of completing international economic analyses by exploiting their basic international micro and macroeconomic, international economic policy, European integration, international law and international business insights. Using the acquired competences, they are able to work independently at various areas and levels of the system of economic institutions, prepare and analyse decisions, as well as manage and control forwarding operations. Prepared to continue their studies in a PhD programme.

3. Professional competences to be acquired

Economist in the international economy and business second-cycle (master) training

a) skills

  • Knowledge of the concepts, theories, processes and characteristics of economics and the organisation of micro- and macro-economy, as well as the decisive economic facts.
  • Understanding of the structure and operation of business organisations, as well as their national and cross-border relations, and informational and motivational factors, with particular regard to the institutional environment.
  • Knowledge of the European integration process and the policies of the European Union related to his/her activity.
  • Command of latest, theoretically grounded mathematical/statistical, econometric modelling methods of problem recognition, formulation and resolution, and knowledge of their limitations.
  • Familiarity with the rules and the professional and ethical standards of planning and management applicable to businesses, business organisations and projects.
  • Familiarity with the socio-economic relationships and the factors influencing these at local, regional, national and international levels.
  • Knowledge and command of the theories and analysis methods related to economics, international economics, world economics, business administration and decision making.
  • Knowledge and understanding of the problem solving techniques required for specialised research, processing of findings from the special literature and the innovative practical work, the methods of managing employees, teams, projects or bigger organisations, and the corporate, national, regional and global methods of strategic planning and management.
  • Knowledge and understanding of the basic expertise needed for identifying international business, finance and transportation processes, the data collection, analysis and problem solving techniques relevant to the given field, as well as the conditions and limitations of their application.
  • Knowledge and understanding of the routines and trends in economic policy, foreign trade processes and foreign economic policy, and their effects. Knowledge of the frameworks provided by other (legal, regional development, educational) fields related to international businesses.
  • Beyond a high level command of the vernacular, knowledge of the special vocabulary of, and the expressions and wording approaches used in economics, both in the mother tongue and at least two foreign languages.

b) abilities

  • Independently formulating new conclusions, original thoughts and ways of solving, capable of applying high-quality analytical, modelling methods, developing strategies for solving complex problems, making decisions, in changing domestic and international environments and organizational cultures even.
  • After acquiring the practical knowledge and experience, managing a medium or large enterprise or complex organisational unit, fulfilment of a comprehensive economic function at a business organisation, planning and controlling complex business processes, managing resources.
  • Working efficiently in an international, multicultural environment.
  • Performing, organising and managing complex special functions related to his job, creative application of methodologies, formulation of a professionally grounded opinion, preparing and making decisions. Using an interdisciplinary approach, where necessary, when making analyses and solving practical problems.
  • Independently recognising problems arising in the operation of corporate, regional, state and international organizations, as well as new environmental factors, allocating and completing tasks.
  • Developing effective international business strategies. Analysing the geopolitical, social, cultural and religious aspects of the international business environment.
  • Applying negotiation and persuasion techniques actively and efficiently in business communications in at least two foreign languages.
  • Planning and organizing economic activities for foreign trading, financial, and development or economic policy related processes in an administrative job at business organizations, international organizations, government institutions, and while doing so, applying the components and methods learned, drawing conclusions, and making proposals and decisions.
  • Participating in domestic and international projects, problem solving teamwork, and planning, controlling, organising, coordinating and evaluating the given activity as a leader.

c) attitude

  • Critical approach to his/her own and his/her reports’ work and conduct, innovative and proactive attitude in the handling of economic problems.
  • Openness to new findings in the economic science and practice.
  • Demonstration of educated, ethical and objective, intellectual approach when dealing with people or social problems, consideration of a wide range of social, sectoral, regional, national and European values (including social, socio-ecological, sustainability aspects).
  • Commitment to developing his/her knowledge and working relationships, while encouraging, assisting and supporting his/her associates and reports in doing so.
  • Assumption and authentic representation of his/her profession’s social role and fundamental connection with the world.
  • Commitment to the general social values, and social sensitivity in both domestic and international terms.
  • Commitment to quality, sustainability and diversity. Critical approach to his/her own and his/her reports’ knowledge, work and conduct. Undertaking, as an obligation, to correct mistakes and develop his/her associates.
  • Demonstration of interest in the findings and solutions of related disciplines, openness to networking.
  • Demonstration of ability to refresh his/her knowledge, open mindedness, tolerance and willingness to cooperate.

d) autonomy and responsibility

  • Independently selects and applies relevant problem solving methods, even in areas of importance from organizational policy, strategic and management aspects, and independently completes economic analysis, decision support and advisory tasks. Independently establishes, organises and manages a larger business, or a larger organisation or organisational unit.
  • Takes the responsibility for his/her own work, the organisation he/she manages, or his/her business and employees. Independently identifies, plans and organises his/her own and his/her reports’ professional and general development, assumes and bears responsibility for the latter.
  • Demonstrates an initiative and responsible behaviour in social and public issues, with regard to his/her associates and reports.
  • Demonstrates initiative in solving problems, developing strategies and in the cooperation between teams and associates, both within the organisation and between organisations.
  • Applies a wide range of methods and techniques independently in practice in different contexts with variable complexity and predictability.
  • Get involved in research and development projects, and mobilizes his/her theoretical and practical skills and abilities autonomously and in cooperation with other project team members for the achievement of the given goal.

4. Basic information about the programme

Duration of training: 4 semesters
Minimum number of credits to be acquired: 120 credits
Graduation level: master (magister, master, abbreviated as “MSc”) degree
Qualification: okleveles közgazdász nemzetközi gazdaság és gazdálkodás szakon
Qualification in English: Economist in International Economy and Business

5. Training structure

The structure of the training expressed in credits, based on the programme and output requirements:

Special fields of expertise, knowledge C CF E Total
Economic and methodologic skills 30     30
Professional skills 57 12   69
Optional     6 6
Other (research methods, master thesis) 15     15
Total 102 12 6 120

Abbreviations and definition of subject types:

  • C – Compulsory subjects.
  • CF - Compulsory elective foreign language proficiency subjects. students who do not have the language exam being a criterion for the degree may choose from the language courses offered. Students holding the appropriate language examination certificate can take up foreign language subjects or additional business foreign language courses on account of their credit limit.
  • E - elective subjects. In addition to the subjects included in the model curriculum, students can take up other subjects out of those announced by the institution.

6. Specialisation of the programme

The curriculum of the International economy and business second-cycle (master) training does not include specializations.

7. Mobility window

During the training, the semester recommended for international student mobility is semester 3.
Students participating in international student mobility programs should earn the recommended credits as follows.

Subject code Subject name/Subject group Credits Equivalence
NEIA0MA06 International Organisations and Economic Diplomacy 6 the equivalence recorded in the learning system, or any subject with at least 5 ECTS credit value providing comprehensive international organisations and economic diplomacy training
GLUK0MA06 Global Infrastructure Networks and Logistics 6 the equivalence recorded in the learning system, or any subject with at least 5 ECTS credit value providing infrastructure and logistics training
NEEL0MA06 International Taxation and Accounting 6 the equivalence recorded in the learning system, or any subject with at least 5 ECTS credit value providing international taxation and international accounting training
SZJE0MA06 Organisation and Project Management 6 the equivalence recorded in the learning system, or any subject with at least 5 ECTS credit value providing comprehensive organisational or project management training
KUEK0MA03 Research Methods 3 the equivalence recorded in the learning system, or any subject with at least 2 ECTS credit value providing research methods training

8. Internship

The curriculum of the International economy and business second-cycle (master) training does not include internship.

9. Master thesis requirements

The master thesis is a task by the completion whereof the student demonstrates his/her ability to:

  • review special literature independently in a given special field,
  • document, analyse and evaluate the results introduced in the special literature,
  • with his/her studies and the information obtained from the special literature
    • conduct an independent research and/or
    • independently perform tasks requiring creativity,
  • create and defend an evaluation study based on the review of the special literature and his/her own research experience, and exploiting his/her studies completed.

The master thesis requirements and the conditions governing completion are set out in a separate procedure.

10. Conditions for completing the programme

Conditions for the issue of the final certificate:

  • earning at least 108 credits from compulsory, compulsory elective and elective subjects according to the curriculum requirements;
  • completion of the master thesis consultations (12 credits).

Requirements of taking the final examination:

  • obtaining the final certificate;
  • a master thesis granted at least satisfactory mark by two assessors working independently

11. Final examination requirements

The final examination reviews and evaluates the knowledge, skills and abilities necessary to receive the diploma, in the course whereof the student must prove that he/she can apply the material learnt.
The final examination consists of the defence of the thesis, which includes the presentation of the results and a professional debate based on them. During the debate, the final examination committee may ask questions that are not closely related to the evaluation of the master thesis, in order to assess the candidate's general professional skills. The committee awards a mark for the student's thesis, defence and professional skills, which shall be the result of the final examination (ZE).

12. Conditions for issuing the diploma

To get the master degree, at least an intermediate (B2) complex type English language examination recognised by the state, or an intermediate (B2) complex type professional (related to the field of training) language examination from another modern language recognised by the state, or an advanced (C1) complex type general language examination recognised by the state, or an equivalent school-leaving certificate or diploma is necessary.

13. Qualification of diploma

Formula for calculating the qualification of the diploma
OM = (TÁ+ZE)/2

  • OM is the qualification of the diploma
  • TÁ is the average mark of the subjects below weighted with their credit values
  • ZE is the result of the final examination

The qualification of the diploma is:

Excellent (5) if   OM = 5.00
Excellent (5) if 4.51 ≤ OM < 5.00
Good (4) if 3.51 ≤ OM ≤ 4.50
Average (3) if 2.51 ≤ OM ≤ 3.50
Pass (2) if 2.00 ≤ OM ≤ 2.50

The average mark (TÁ) considered in the qualification of the diploma is calculated based on the results from the following subjects.

  • World Economic Theories (VIEK0MA06)
  • Economics of Multinational Corporations (MUNA0MA06)
  • Analysis of Macroeconomic Processes (MASE0MA03)
  • Economies in Global Value Chains (GAAN0MA03)
  • International Commercial Law and Practice (NETA0MA06)

14. Special requirements of the programme

14.1 Training in a language other than Hungarian

Pursuant to Section 51 (2) of the Act CCIV of 2011, the issue of the diploma for a training in a foreign language is not subject to the language examinations set out in Clause 12.
Pursuant to Section 14 (6) of Government Decree No. 137/2008 (V. 16), a diploma certifying studies conducted and completed in a foreign language is equivalent, in terms of the language of the training, to an advanced complex type language examination recognised by the state in one language. Pursuant to the referenced Act, the diploma is equivalent to a language examination, and BGE may not issue a separate certificate in this respect.
BGE recognizes the studies of a student as training in a foreign language if he/she has earned at least 108 credits, of which at least 96 credits are completed in the language of the training.

14.2 Trainings in correspondence course

The requirements for trainings in correspondence courses are the same as those for full-time courses.

15. Model curricula (Plans of study)

Course schedule Language ID Annex
full-time Hungarian MNNGHK Annex 1
correspondence Hungarian MLNGHK Annex 2
full-time English MNNGEK Annex 3
correspondence English MLNGEK Annex 4

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Reference No. Resolution No. Implementation Validity Clause Change description
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