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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 Higher Educational Establishment «BSEU». It was established in 1992 and has the best training experience in the Republic of Belarus in the field of worldl economy and international economic relations. The FIER employs highly qualified faculty, including doctors and candidates of sciences, who ensure a high level of academic training and develop students’ research competencies.

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

Deputy dean is Anna Vladimirovna Petrashevskaya.

Deputy Dean for Ideological and Educational Work is Ekaterina Sergeevna Iosko .

UNIQUE FEATURES

Over 1,200 students are enrolled in full-time and part-time (correspondence) bachelor's degree programs. The educational process is characterized by high requirements for professional training and foreign languages proficiency. Graduates of the faculty (about 250 specialists per year) master methods of micro- and macroeconomic analysis, international management and marketing, are able to identify patterns of development of world markets, characterize the mechanisms of their functioning. Future international economists also gain knowledge in accounting, finance, credit and settlement operations, and insurance in foreign economic activity, information technology, and other disciplines. The basis for the faculty’s development is close cooperation with organizations that hire personnel. Open department branches allow us to study in more detail the specifics of the subject activities of our partner companies.

A distinctive feature of the educational process at the FIER is the in-depth study of foreign languages (English, German, French, Spanish, Chinese). This has always been and continues to be our competitive advantage. For students of the «World Economy» and «Business Administration» majors, it is mandatory to study two foreign languages, for the «Economics» specialty - one. The lack of a second language in the «Economics» specialty is compensated by studying the disciplines of the Programming Languages module. The ability not only to communicate in a foreign language but also effectively negotiate with partners, draft contracts competently, and understand the intricacies of professional terminology is what distinguishes graduates of the Faculty of International Economic Relations.

The structure of the Faculty of International Economic Relations includes 4 departments:

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

SPECIALIZATIONS

The Faculty of International Economic Relations provides training for economists in the following specialties and specializations:

• specialty «World Economy» (specialization «Management of Foreign Economic Activity», «International Investments», «International Trade»);
• specialty «Business Administration»;
• specialty «Economics» (specialization «Analytical Economics» and «Economic Policy»).

 

Specialty	Specialization	Form of study
		full-time	correspondence
6-05-0311-03 World Economy. Qualification: «Economist»	Management of Foreign Economic Activity	Full–time – 4 years	full-time correspondence education – 5 years
	International Investments	Full–time – 4 years	-
	International Trade	Full–time – 4 years	shortened correspondence education (based on secondary special education) – 3 years
6-05-0412-02 Business Administration Qualification: «Manager. Economist»	Without specialization	Full–time – 4 years	full-time correspondence education – 5 years
6-05-0311-01 Economy. Qualification: «Economist»	Analytical Economics	Full–time – 4 years
	Economic Policy	Full–time – 4 years	-

FUTURE CAREER

Specialty «World Economy»

The specialty «World Economy» is designed to provide students with a holistic view of the forces shaping the global economy. The program will allow them to develop a global and strategic perspective of today's complex, unpredictable, and interconnected world. A confident command of foreign languages and the ability to navigate the global economic space is an invaluable combination that will teach students who choose this specialty to live, work, and succeed in a dynamically changing world.

Specialty «World Economy» with specialization «Management of Foreign Economic Activity»

Graduates of the specialty «World Economy» with the specialization «Management of Foreign Economic Activity» possess knowledge of the development patterns of the international economy and foreign economic activity in the Republic of Belarus. These specialists manage foreign economic relations among ministries, departments, state-owned enterprises, and the National Bank of the Republic of Belarus. They work in the export and marketing services of companies (manufacturing, trade, transport, etc.), in Belarusian foreign diplomatic missions abroad, in structural divisions involved in foreign economic activity at major commercial banks, in joint ventures, in representative offices of foreign companies and international organizations.

Specialty «World Economy» with specialization «International Investments»

Graduates of the «World Economy» specialty with the specialization «International Investments» possess knowledge of international investment. They are able to justify investment proposals in accordance with international standards, conduct investment business planning and financial analysis, search for foreign investors, assess and evaluate the effectiveness of investment projects for foreign loans guaranteed by the government, identify the prospects for developing foreign relations, national investment infrastructure, and the stock market, participate in organizations coordinating global investment processes, and  promote a favorable investment climate and investment security. An economist of this specialization can work in state and local government bodies, banks, financial companies, and economic departments of organizations (including joint ventures and foreign ones) engaged in investment activities.

Specialty «World Economy» with specialization «International Trade»

Graduates of the «World Economy» specialty with the specialization «International Trade» specialization possess a profound knowledge and understanding of the economies of their trading partners. This competitive program trains highly qualified professionals capable of solving multilateral, complex challenges in the global economy and international trade, and possessing analytical, research, and leadership skills. It is based on a range of disciplines that develop a global perspective on economic development in world markets. The training in this specialization will allow students not only to develop students’ knowledge of the fundamental and applied aspects of international trade in goods, services, and intellectual property, international economic relations, and foreign trade, but also a wide range of competencies that enable them to understand the specifics of commodity market functioning and pricing mechanisms. This allows for the development of a comprehensive model for successful national trade presence and influence abroad.

Specialty «Business Administration»

The specialty «Business Administration» trains specialists for managerial and organizational work at enterprises and organizations conducting business in both national and international markets. Students study various aspects of national and international economics and master business management techniques. An economist with a degree in Business Administration is prepared for professional work in state-owned enterprises, private firms, joint ventures and foreign enterprises, and government and municipal authorities.

Specialty «Economics»

Specialty «Economics» with specialization «Analytical Economics»

Graduates of the specialty «Economics» with specialization «Analytical Economics» are competent in such areas as analytical work, project-based economics, organizational management, and scientific research. A distinctive feature of the «Analytical Economics» specialization is the combination of advanced economic theory, economic mathematics, and language training. Students receive fundamental advanced training in modern economic theory and study a wide range of mathematical disciplines, modern information processing technologies, statistics, econometrics, and mathematical economics. A high level of theoretical training is combined with intensive study of applied disciplines, such as financial and banking statistics, investment planning and business analysis, business risk management, operations research, etc. Specialists with the qualification of «Economist» are in demand in government agencies and various organizations (national, joint, and international), including consulting firms, research centers, and analytical departments of banks and insurance companies.

Specialty «Economics» with specialization «Economic Policy»

Within the framework of the Economic Policy specialization, students study economic theory and various aspects of economic relations in depth, mastering modern methods and tools for economic analysis and substantiating economic policy directions. The educational program also covers subjects such as social policy, agricultural policy, regulation of social and labor relations, industrial market theory, institutional economics, information economics, knowledge economics, etc. Graduates are awarded the qualification of «Economist». Graduates of this specialization pursue careers in various ministries and departments, state and municipal government bodies, enterprises, research institutes and centers, and secondary and higher educational institutions.

During their studies, students of FIER are provided with a variety of opportunities for self-realization. Student government bodies are actively working at the faculty:

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

Student government bodies are the initiators of a number of innovative projects. The Faculty of International Economic Relations has repeatedly won prizes in the BSEU faculty competition.
At the second stage of higher education, the Master's degree program provides training in the following areas:

• Master's degree profiles;
• English-speaking Master's degree.

The Faculty of International Economic Relations (FIER) also trains postgraduate and doctoral students, including foreign citizens. The Faculty of International Economic Relations, as a faculty designed to lead the development of international scientific and educational relations, actively collaborates with foreign partners, including: developing cooperation with educational institutions of the Russian Federation, Kazakhstan, China, India, etc.; engaging in various forms of academic mobility, student and faculty exchanges and internships; participating in international conferences and seminars; and joint research and educational projects, forums, and conferences with foreign partners.

The faculty’s foreign language teaching standards are quite high, and its best students win prestigious national competitions and are awarded grants and internships abroad. Foreign students of the FIER represent Russia, Turkmenistan, China, Iran, India and other countries. Students from China, Angola, Russia, and several other countries have completed their postgraduate studies.

The Ministry of Foreign Affairs of the Republic of Belarus, leading commercial banks, state-owned and private enterprises interested in developing foreign economic relations actively support the educational process at the Faculty of International Economic Relations. The Faculty organizes meetings of students and teachers with senior officials from embassies and international organizations. Graduates of FIER have been and remain welcome candidates for any responsible position, they successfully work in the Ministry of Foreign Affairs of the Republic of Belarus and other ministries and departments of our country, are among the elite of domestic business community.

Studying at the Faculty of International Economic Relations develops not only academic, social, personal, and professional competencies that enable graduates to successfully pursue careers but also creates the potential for continuous development.