Economics and Management

Conditions for the admission to the follow-up Master’s degree study program Economics and Management accredited in English in the full-time form of study at the Silesian University in Opava, School of Business Administration in Karviná (hereinafter referred to as the "SU SBA") for students studying at SU SBA in the followup Master’s degree study program Economics and Management, field of study Business Economics and Management accredited in English with the validity of accreditation until 31. 12. 2024 (hereinafter referred to as the "Conditions") for the academic year 2023/2024

Approved by the Academic Senate of the SU SBA on January 25, 2023

On the basis of provisions of § 49 par. 3 of Act No. 111/1998 Coll., on Higher Education Institutions and on amendments and supplements to other acts, as amended, (hereinafter the Higher Education Act), and in accordance with the Regulations of the Admission Procedure at the Silesian University in Opava, as amended, and the Statute of the Silesian University in Opava, as amended,

I set forth the conditions for admission for the academic year 2023/2024:

1. Submitting an electronic application at https://is.slu.cz/prihlaska/ from 12th - 15th June, 2023.
2. An administrative fee of 0 CZK for acts related to the admission procedure.
3. An entrance examination remission without setting other conditions for admission to study - students of the follow-up Master’s degree study program Economics and Management, the field of study Business Economics and Management accredited in English at SU SBA will be admitted to the study program without an entrance examination.

All activities and related administrative procedures in the context of the above study degree program will be conducted in English.

Enrolment period: September 2023
In justified cases, the SU SBA reserves the right to use electronic communication with the applicant.

The aim of the Master's academic programme Economics and management is to equip students with new knowledge and skills, and to deepen and expand existing professional competencies achieved by completing a Bachelor's degree program. Students are intended to apply in the international labor market in the fields of economics and management or to implement own business plan. In the Master's study, emphasis is placed on more advanced and demanding issues of a strategic nature and international overlap, such as managerial economics, international financial management, strategic management and marketing, human resources management or law in international trade. The study programme and individual courses are designed to deepen students' ability to obtain and sort important data and then analyze them using appropriate quantitative and econometric methods with the support of software tools. The frequent inclusion of managers of cooperating companies in the teaching of profiling courses also significantly contributes to the correct understanding of the issues. An important goal of the study is also to support the interest of gifted students in scientific research and to motivate them to start doctoral studies.

After successfully completing his/her studies the graduate is able to:

• Actively utilize the terminology of business economics, mathematics in economics, and statistical data processing;
• Explain the principles of key economic models that describe economic phenomena, including the impacts of economic policies at both macroeconomic and microeconomic levels;
• Clarify the functioning of economic entities and the business environment on an international level;
• Identify, specify, and propose solutions to problems related to the management of advanced activities in both private and public sector organizations;
• Make decisions regarding the economic activities of organizations based on an analysis of their current state and predictions of future developments in the business environment;
• Interpret the rules of international marketing and their application in the organization’s marketing mix;
• Integrate knowledge from various professional fields and apply logical methods of analysis and synthesis to achieve decisions that fulfill the organization’s strategic objectives;
• Engage in self-reflection and continuous self-education to adapt to technological advancements in the organization’s field of activity and respond to changes in the business environment;
• Organize and manage the economic activities of organizations at middle and higher management levels;
• Independently resolve or significantly contribute to solving crisis situations;
• Set strategic objectives for organizations, considering developmental trends in both macro and microenvironments;
• Make decisions regarding the international activities of organizations based on the current state of the external environment;
• Conduct negotiations with the organization’s business partners, including in a foreign language.

The study programme is fully based on the ECTS credit system. The length of the lesson is 45 minutes. The length of the semester is 13 weeks. The student is obliged to obtain 120 ECTS credits within the study. During the study, the student completes a total of 11 compulsory subjects of the programme basis, representing 67 ECTS credits (56 % of the study plan). Within the category of compulsory courses, 5 courses are conceived as basic theoretical courses (Advanced microeconomics, Advanced macroeconomics, Managerial economics, International financial management, International business law). The other four compulsory courses fall into the category of courses of the profiling basis (Strategic management, Strategic marketing, Human resource management, Retail management). The remaining compulsory courses are programme-based courses, covering the quantitative data processing area and their completion thus completes the complex profile of the graduate. Within the compulsory elective courses, the student has the opportunity to choose from 8 courses with the obligation to obtain 26 credits (22 % of the study plan). This means successful completion of 5 courses. The study plan does not include optional courses, but the student can choose them voluntarily and can pick out from all courses of the Master's study that are offered at the faculty. This enables the student to profile himself in another discipline in addition to the study program (e.g. managerial informatics, public economics and administration, etc.). On a similar principle, a student can complete a study stay abroad or participate in solving real problems and the tasks of economic practice within the Business Gate Academy. During the study, students prepare a diploma thesis (DT) on a given topic under the guidance of the thesis supervisor. DT forms a compulsory component of the study programme, as well as a special diploma seminar (Master thesis seminar). The student demonstrates the ability of independent thinking, problem analysis and relevant expertise. For these activities the student will receive a total of 27 ECTS credits (22 % of the study plan).

The Master's academic study programme Economics and Management is a direct follow-up to the Bachelor's study programme Economics and Management at SU SBA. Students of the Master's study programme Economics and Management have the opportunity to participate in scientific research activities carried out at the departments participating in the teaching of the study programme. Graduates of the Master's degree in Economics and Management with an interest and prerequisites for scientific and innovative activities can advance to the doctoral degree (PhD) in the Economics and Management study programme, which is accredited at SU SBA. In the doctoral study, they can subsequently develop topics related mainly to the issue of managing the economic activities of organizations, their strategic or business activities.