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THE SCHOOL OF INTERNATIONAL ECONOMIC RELATIONS

The Faculty of International Economic Relations (FIER) is one of the most prestigious faculties of the Belarusian State Economic University (BSEU). Established in 1992, it possesses the leading expertise in the Republic of Belarus in training specialists in global economics and international economic relations. The faculty is staffed by a highly qualified team of professors and lecturers, including holders of doctoral and candidate degrees, with extensive experience in education and fostering research competencies among students.

The faculty is headed by Associate Professor Elena Alexandrovna Garashchenko, PhD in Economics.

UNIQUE OPPORTUNITIES

The full-time and part-time programs of the Faculty of International Economic Relations (FIER) enroll over 1,200 students, who are held to high standards in professional training, computer and information technology skills, and foreign language proficiency. Each year, approximately 250 graduates leave the faculty equipped with expertise in micro- and macroeconomic analysis, international management, and marketing. They are skilled at identifying global market trends, understanding the mechanisms of market operations, and applying their knowledge in international economic activities. Additionally, future international economists acquire skills in accounting, finance, credit and settlement operations, insurance, and information technologies.

A distinctive feature of the academic process at FIER is the in-depth study of foreign languages, which has always been and continues to be a competitive advantage. Students majoring in "World Economy" and "Business Administration" study two foreign languages, while those in "Economics" and "Economic Theory" study one. Beyond general foreign language training, students gain specialized knowledge in professional language relevant to their field. Highly qualified instructors provide training in language labs and classrooms equipped with video technology and satellite television.

The ability to not only communicate in a foreign language but also conduct effective business negotiations with international partners, draft contracts professionally, and master the nuances of professional terminology sets FIER graduates apart and ensures their competitive edge in the global job market.

The Faculty of International Economic Relations (FIER) comprises four departments:

• World Economy
• International Business
• Economic Policy
• Economic Theory

SPECIALIZATIONS

FIER provides training for economists in the following specialties and areas of focus:

• Specialty: World Economy
• Specializations:
• Management of Foreign Economic Activities
• International Investments
• International Trade
• Specialty: Business Administration
• Specialty: Economics
• Specializations:
• Economic Policy
• Analytical Economics

FUTURE CAREER

World Economy

The "World Economy" specialty at the Belarusian State Economic University is designed to provide students with a comprehensive understanding of the forces shaping the global economy. The program equips them with a strategic, global, and innovative perspective to navigate today’s complex, unpredictable, and interconnected world.

The teaching staff includes highly qualified academics and experts with substantial international experience. Among them is Kirill Rudy, a renowned economist and former Ambassador of the Republic of Belarus to China.

Students benefit from a supportive and stimulating learning environment. As part of the "World Economy" program, they will:

• Enhance their understanding of society and the world through a range of humanities courses:
  (Philosophy, History, Political Science, Sociology)
• Develop quantitative analysis skills and problem-solving expertise through courses like:
  (Higher Mathematics, Probability Theory)
• Improve their digital technology proficiency via:
  (Information Technologies)
• Master two foreign languages, with options including:
  (English, Russian, Chinese)
• Learn the foundations of micro- and macroeconomics through:
  (Economic Theory, Microeconomics, Macroeconomics)
• Gain expertise in statistical analysis and econometric modeling, applying them in an international context:
  (Statistics, Econometrics)
• Explore various perspectives on the global economic landscape through:
  (World Economy, International Economic Relations)
• Analyze the dynamics and drivers of the international competitive environment, studying:
  (International Management, International Economic Integration, Foreign Economies, Competitive Strategies)
• Acquire knowledge of international business and entrepreneurship via courses like:
  (Ethics in International Business and Negotiations, Legal Support of International Business, International Entrepreneurial Activity)
• Dive into the fascinating world of business management, including:
  (Management of Foreign Economic Activities, International Business and Investments)
• Understand the institutional framework of the global economy, exploring:
  (World Economy Systems, International Economic Organizations)
• Master the complexities of international trade, covering:
  (International Marketing, International Trade and Global Markets, International Business Operations and Logistics)
• Excel in international finance, focusing on:
  (Corporate Finance, Global Capital Markets, International Project Management)
• Recognize the potential of digital transformation and intellectual property in the modern economy:
  (Fundamentals of Intellectual Property Management, Digital Economy)
• Engage in original research projects, fostering innovation and practical application.

Graduates of this program emerge as versatile, globally minded professionals ready to excel in international economic and business environments.

A successful career in the global market begins with high-quality education. Proficiency in foreign languages combined with the ability to navigate the global economic landscape is an invaluable skill set. This combination empowers students who choose this specialty to live, work, and thrive in the ever-evolving world of international business.

Specialty: World Economy – Specialization: Management of Foreign Economic Activities

Graduates specializing in "Management of Foreign Economic Activities" within the "World Economy" program possess in-depth knowledge of the patterns of development in international economics and foreign economic activities in the Republic of Belarus. Specialists in this field facilitate foreign economic relations for ministries, agencies, state enterprises, and the National Bank of Belarus.

They work in export and marketing departments of companies (industrial, trading, transportation, etc.), Belarusian diplomatic missions abroad, structural divisions managing foreign economic activities, major commercial banks, joint ventures, foreign company offices, and international organizations.

Specialty: World Economy – Specialization: International Investments

Graduates specializing in "International Investments" within the "World Economy" program have expertise in the field of global investing. They are capable of:

• Justifying investment proposals in compliance with international standards.
• Conducting investment business planning and financial analysis.
• Identifying and attracting foreign investors.
• Performing due diligence and assessing the effectiveness of investment projects for foreign financing under government guarantees.
• Evaluating prospects for developing international relations, national investment infrastructure, and the stock market.

They contribute to the activities of organizations coordinating global investment processes, foster a favorable investment climate, and ensure investment security.

Economists with this specialization are qualified to work in government and local administration bodies, banks, financial companies, and economic departments of organizations (including joint ventures and foreign enterprises) engaged in investment activities.

Specialty: World Economy – Specialization: International Trade

Graduates specializing in "International Trade" within the "World Economy" program have a deep understanding of the economies of foreign trading partner countries. This competitive program develops highly qualified professionals capable of addressing multifaceted and complex challenges in global economics and international trade.

The curriculum emphasizes courses that foster a global perspective on economic processes in international markets, along with analytical, research, and leadership skills. Students acquire knowledge of fundamental and applied aspects of international trade, including goods, services, and intellectual property, as well as foreign economic relations and export-import operations. They gain insight into global market dynamics, especially concerning goods and services of export significance to Belarus and EAEU countries.

The program develops competencies in understanding market mechanisms, pricing strategies, and creating a comprehensive model for successful national trade presence and influence abroad.

Specialty: Business Administration

The "Business Administration" program prepares specialists for managerial and organizational roles in enterprises and organizations operating in both national and international markets.

Students study various aspects of national and global economies and acquire essential business management techniques. Graduates are equipped to work professionally in state-owned enterprises, private firms, joint ventures, foreign companies, and government or municipal administration bodies.

Specialty: Economic Policy – Specialization: Economic Theory

Students specializing in "Economic Theory" within the "Economic Policy" program develop an in-depth understanding of economic theory and its applications in economic relations. They master modern methods and tools of economic analysis, policy-making, and the theory and methodology of teaching economics.

Graduates receive the qualification of "Economist. Lecturer of Economic Disciplines" and are prepared to work in ministries, government and municipal administrations, enterprises, research institutes, academic centers, and educational institutions.

Specialty: Economics

Graduates of the "Economics" program are skilled in analytical, project-economic, organizational-management, and research activities. They earn the unique qualification of "Economist-Analyst", which is characterized by an integrated focus on advanced economic theory, mathematical economics, and language proficiency.

The curriculum includes rigorous training in modern economic theory, a wide range of mathematical disciplines, information processing technologies, statistics, econometrics, and mathematical economics. This foundation is complemented by practical courses such as taxation, investment analysis, business planning, risk management, insurance, banking, and securities markets.

Economist-Analysts are in demand in government administration, national and international organizations, consulting firms, research centers, analytical departments of banks, and insurance companies.

Students at the Faculty of International Economic Relations (FIER) have numerous opportunities for personal and professional growth. The faculty hosts active student self-governance bodies, including:

• The Student Council,
• The Belarusian Republican Youth Union Committee,
• The Trade Union Bureau.

These self-governance bodies are the driving force behind various innovative projects. The Faculty of International Economic Relations has repeatedly won awards in university-wide competitions among faculties at the Belarusian State Economic University (BSEU).

At the second level of higher education (master’s programs), the faculty offers preparation in the following specialties:

•  Profilings 2022
•  Profilings 2023
•  Profilings 2024
•  English-language master's program

FIER also provides doctoral and postgraduate programs, including for international students.

As a faculty committed to leadership in developing international scientific and educational ties, FIER actively engages with international partners. This includes:

• Collaborating with educational institutions in Russia, Kazakhstan, Hungary, China, and India,
• Participating in various forms of academic mobility such as student and faculty exchanges, internships, and attendance at international conferences and seminars,
• Conducting joint research and educational projects with foreign partners.

FIER maintains a high standard of foreign language instruction. Many of its top students excel in prestigious national competitions and receive grants and internships abroad.
The faculty also attracts international students from countries such as Russia, Turkmenistan, China, Iran, India, Israel, and others. Doctoral students have included citizens from China, Angola, Russia, and several other countries.

FIER is staffed by experienced professors, associate professors, and master’s degree holders, many of whom have received specialized training at leading educational and research centers worldwide. Foreign lecturers and industry practitioners are also invited to deliver lectures—often in foreign languages—on various economic topics, enriching the academic experience with international perspectives.

The Faculty of International Economic Relations (FIER) benefits from the active support of the Ministry of Foreign Affairs of the Republic of Belarus, leading commercial banks, and state and private enterprises engaged in the development of foreign economic relations. The faculty regularly organizes meetings between students, faculty, and senior officials from embassies and international financial organizations.

FIER holds the distinction of being the leading institution in the Republic of Belarus for training specialists in world economy and international economic relations. Its graduates are highly sought-after professionals and can be found working in prestigious international organizations such as the United Nations, IMF, and the World Bank. They also excel in the Ministry of Foreign Affairs and other governmental bodies of Belarus and are key players in the nation’s business elite.

Studying at FIER not only equips students with academic, social, and professional competencies that ensure successful careers but also fosters a mindset oriented toward continuous personal and professional development.

Faculty Office Locations

• Dean’s Office: Rooms 402 and 406, Building 1
• Department of International Business: Room 225, Building 3
• Department of World Economy: Room 229, Building 3
• Department of Economic Policy: Room 235, Building 3
• Department of Economic Theory: Room 604, Building 1

Studying at the Faculty of International Economic Relations (FMEO) offers not only in-depth knowledge and highly sought-after skills but also the opportunity to become part of the elite in global business and economics.