Program Overview

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International Business Economics BA Program

The International Business Economics BA program at Eötvös Loránd University is designed to provide students with a general training in business economics and a special international orientation. The program aims to equip students with the knowledge and skills necessary to analyze and address the financial and operational challenges of enterprises in international business environments.

Program Description

The program is offered by the Faculty of Economics, which is the youngest and most dynamic faculty of ELTE. The faculty is proud of its modern approach to business education, promoting responsible leadership and sustainable business practices in close collaboration between students and teaching and research staff. The program is taught in English and is open to international students.

Program Structure

The program consists of 8 semesters (4 years) and requires the completion of 240 ECTS credits. The program includes a combination of compulsory and elective courses, as well as a compulsory internship and a thesis.

Career Opportunities

The program provides students with a strong foundation in business economics and international business, preparing them for careers in multinational companies, international trade, and other related fields. Graduates of the program can work as business development managers, data analysts, economists, management consultants, and international trade specialists.

Admission Requirements

To be eligible for the program, applicants must have completed their secondary school studies and provide proof of this by presenting a secondary or high school diploma (or equivalent). Applicants must also demonstrate a good command of English, either by providing a language certificate (e.g., IELTS, TOEFL) or by showing that they have studied at an English-medium secondary/high school for a minimum of two years.

Tuition Fees

The tuition fee for the program is 2700 EUR per semester for EU/EEA students and 3600 EUR per semester for non-EU/EEA students. The application fee is 155 EUR, which covers the costs related to the administration of applications.

Application Procedure

The application procedure involves submitting an online application form, uploading the required documents, and paying the application fee. The admission committee examines the applications and invites suitable applicants to an entrance examination, which consists of a combination of oral, written, and video tasks.

Documents to Submit with Application

Applicants must submit the following documents:

• Transcript of record of the final two years in secondary school
• Secondary school certificate/diploma (or equivalent)
• CV
• Motivation letter
• Recommendation letter (highly recommended)
• Copy of the main pages of the passport
• Passport photo
• Emergency contact
• Copy of application fee transfer slip/payment order
• Language certificate (if applicable)

Program Leader and Coordinator

The program leader is Prof. György ANDOR, and the program coordinator is Mr. László SZOBOSZLAI.

Semester-Based Course List

The program includes the following courses:

Semester 1

• Management I (6 credits)
• Marketing I (6 credits)
• Accounting I (6 credits)
• Mathematics I (6 credits)
• Community and Individual (3 credits)
• Economics I (3 credits)

Semester 2

• Corporate Finance I (6 credits)
• Accounting II (3 credits)
• Management II (3 credits)
• Mathematics II (6 credits)
• Business Law I (6 credits)
• Economics II (6 credits)

Semester 3

• Business Problem Solving with Excel (3 credits)
• International Finance and Economics (6 credits)
• International Political Economy (6 credits)
• Argumentation (3 credits)
• Business Law II (6 credits)
• Corporate Finance II (3 credits)
• Business Statistics I (3 credits)

Semester 4

• Economic Policy (3 credits)
• Business Statistics II (6 credits)
• National and International Taxation (3 credits)
• Marketing Research (6 credits)
• Industrial Organisation (3 credits)
• Persuasion (3 credits)
• Preparatory Course for Project Work (3 credits)
• Compulsory Elective Course Unit in Informatics (3 credits)

Semester 5

• Leadership and Organisational Studies (6 credits)
• Project Work I (9 credits)
• Compulsory Elective Course Unit in Law (3 credits)
• Compulsory elective course unit in the Social Sciences (3 credits)
• Free Elective Course I (3 credits)
• Free Elective Course II (3 credits)
• Free Elective Course III (3 credits)
• Comprehensive Exam A (0 credits)
• Comprehensive Exam B (0 credits)

Semester 6

• Negotiation (3 credits)
• International Financial Management (6 credits)
• Social Responsibility, Sustainability (3 credits)
• Law and Economics of the European Union (3 credits)
• Project Work II (9 credits)
• Compulsory Elective Course Unit in Economy and Society (3 credits)
• Free Elective course IV (3 credits)

Semester 7

• Internship I (30 credits)

Semester 8

• Internship II (20 credits)
• Thesis Writing (10 credits)

Compulsory Elective Course Offers

The program offers the following compulsory elective courses:

In Law

• Law, State, Democracy
• International Business Law
• Regulations of Financial Markets
• European Union Law (EU law)
• Fundamentals of Labour Law
• E-Information Society Law
• Business and Human Rights

In the Social Sciences

• Conceptual Tools of Sociology
• Introduction to Cultural Anthropology
• Sociology and the Study of Modern Societies
• Schools and Methods in Cultural Anthropology
• Fundamentals of Political Science
• Problems in Contemporary Philosophy
• Economy of the European Union
• Transdisciplinarity and Expertise

In Informatics

• Data Analysis in the Social Sciences
• Finance and Accounting Informatics
• Business Analysis
• Advanced Excel
• The Art of Data Analysis with Python

In Economy and Society

• Problems in Contemporary Philosophy
• Transdisciplinarity and Expertise
• Business Ethics

Strength of Program

The International Business Economics BA program has a strong international orientation, yet incorporates a general approach to business economics. The program provides students with a thorough understanding of associated issues like finance, management, business law, and communication, all of which are essential to those seeking employment in the 21st century business world. The program's main strengths include:

• Fostering an acute awareness of multicultural challenges with an emphasis on understanding and problem-solving
• Developing business communication skills at all levels
• Directing attention to the social sciences to influence/shape the world as an expert in business, a creative thinker, and a learned person
• Providing a strong focus on business law issues to avoid legal pitfalls
• Applying theory to practice: two semesters of compulsory internship, a list of business simulations and case studies offered by leading multinational corporations, and a prolonged project work process with an emphasis on solving real-life problems in the field of international business economics under the guidance of experienced supervisors

Language Requirements

Applicants must demonstrate a good command of English, either by providing a language certificate (e.g., IELTS, TOEFL) or by showing that they have studied at an English-medium secondary/high school for a minimum of two years. The minimum language requirements are:

• IELTS: 6.0
• TOEFL (iBT): 80 points
• TOEFL (PBT): 500 points
• TOEFL (CBT): 173 points
• Cambridge English: Cambridge First Certificate (FCE): 170

Entrance Examination and Selection Process

The entrance examination consists of a combination of oral, written, and video tasks. The selection process is based on the overall evaluation of the applicant's previous academic excellence and the results of the combined entrance exam. The submission of mathematics exams (e.g., SAT Mathematics Subject Test Level II, ACT Test) is not required but is encouraged and taken into consideration in the admission process.