Incoming Erasmus mobility

The ELTE Institute of Business Economics welcomes foreign students from over 40 Universities in the academic year 2020/21. For the pandemic measures, please check the ELTE regulations. ELTE IBE will start the semester with online courses (at least until 12th of March). See the University regulations and details of the digital operation.

My Course Selection

As an Erasmus Mobility Student, you need assistance from the International Coordinators at our faculty to sign up for your courses in Neptun.

Although you choose your preferred courses when you fill out your Learning Agreement, you have to submit your final course choices on the Enrollment Day at the beginning of the semester. Upon request preliminary course descriptions are available, and detailed course descriptions are accessible via the Neptun system.

Erasmus students can sign up to other courses (maximum 10 credits) at other ELTE Faculties, for example at the Faculty of Social Sciences or the Faculty of Law. Please note that Covid-regulations can be different for different Faculties.

Courses on offer

Guide for the course lists:

  • ECTS: number of credits for a course that combines lectures and seminars.
  • HR/W: Weekly workload (hour/week). Please note that all of our courses are lectures and seminars together, and are modular: 6 ECTS courses take a longer period in the semester, and 3 ECTS credit courses only a few weeks.
  • Level: Some of our courses are offered for Bachelor students only. Some of the courses are also suitable for masters students as electives. We will soon launch the scheduling for the courses from 2021-2024, including courses only offered to incoming Masters students.
  • Preprequisite: For a number of courses prior acquantaince is required with the knowledge area. Other courses require no earlier studies and we welcome international students from other faculties.

Video recordings for all classes will be available in the PANOPTO system. For the schedule of midterm tests, click here.

Course list for the Autumn semester 2021/2022

COURSE CODE

COURSE NAME

ECTS

HR/W

LEVEL

Prerequisite

GTI22AN103EN

This course gets participants acquainted with the functioning of business organizations, as fundamental units of economy and society. Students will learn about the characteristics of human work in organizations, understand the behavior of leaders and subordinates, peculiarities of group work in work settings as well as design and cultural aspects of an organization as a whole. Applicable management methods and tools with their expected effects will also be covered within the different topics. Students will develop their knowledge, for example, in terms of organizational structure and culture, motivation, leadership, and management theories.

6

4

Bachelor

 

GTI21AN101EN

The objective is to enable students to understand the impact of marketing orientation on organizational behaviour and to learn about the related tasks and tools. The course gets students acquainted with the core concepts and tools of marketing starting with answering the question ’what is marketing?’ To put it simply, marketing is engaging customers and managing profitable customer relationships, so the aim of marketing is to create value for customers in order to capture value from customers in return. Secondly, the course discusses the steps of the marketing process from understanding customer needs by the methods of gathering information and market research, through designing customer value-driven marketing strategies and integrated marketing programs, building customer relationships to capturing value for the organization. Marketing tools, from product policy to branding, pricing strategies, and sales to marketing communications will be presented. The major trends and forces affecting marketing e.g. trends in digital, mobile, and social media are presented for each topic.

6

4

Bachelor

 

GTI24AN104EN

The primary objective of the course is to develop the understanding of financial accounting information for decision-making and the discussed case-studies focus on the role of financial accounting in communicating business performance. A specific aim of the course is to develop the participants’ skills in producing and using accounting information in real-life business situations.

6

4

Bachelor

 

GTI91AN102EN

Review of elementary functions, their graphs and applications. Linear, quadratic and power functions. The exponential and logarithmic functions. Composition of functions. Mathematical models.
Limits of functions and continuity. The number e. Differential calculus of real-valued functions. The concept of the derivative at a point and its interpretation as rate of change, as slope and as a linear approximation.
The derivative functions. Derivatives of the power, exponential and logarithmic functions. Differentiation rules.
Applications of the derivative. Increasing and decreasing functions, optimal values. Percentage changes: the logarithmic derivative and elasticity.
Functions of several variables. Partial derivatives and local optimum. Level curves, optimum problems with constraints.
The definite integral as area. The fundamental theorem of calculus. Indefinite integrals. Improper integrals. Applications of the definite integral to probability.

6

6

Bachelor

 

GTI93AN106EN

The primary aim of the course is to get students acquainted with the basic definitions of psychology. The course also focuses on the leading schools of psychology and the critical understanding of their interrelations, with special attention to the psychological theories related to the economy.
1. Sensation and perception. The Ames-room. Ecological validity. The James-Lange theory and its limitations.
2. The basic forms of learning. Classical and operant conditioning, learned emotions, learned helplessness, basics of positive psychology.
3. The nature of psychological measurements. IQ, creativity, EQ, big five.
4. Altered states of consciousness. Non-rational but still smart thought.
5. Complex learning, the STM-LTM model. Levels of competence, logistic growth, the notion of talent.
6. Motivations, cognitive dissonance, loyalty, money the motivator.
7. Self-defence mechanisms, resilience, PTG, antifragility, smart simplicity, magic spells, second-order changes.
8. The proofs of the existence of unconscious, Freud’s theory: validity and limitations. The basics of behavioural economics

3

2

Bachelor (Master)

 

GTI21AN105EN

The course introduces the students – through lectures and related seminars – to the theories of the relation between individual and the society with special emphasis on social practices in business life. Students get acquainted with the basic elements and procedures of social psychology, famous experiments, ethical implications of actions, and the mechanisms to which humans are necessarily exposed in social situations. The course serves as a basis for several other classes in business and economics.

3

2

Bachelor (Master)

 

GTI92AN307EN

This course introduces the foundations of macroeconomics. We start with the basic concepts in macroeconomics and the very notion of economic modelling, endogenous and exogenous variables. After that, we discuss the characteristics of the major macroeconomic indicators (such as the GDP, inflation, and unemployment). We deal with the theories of short-term economic fluctuations in details. We investigate the mechanisms of aggregate demand via the IS-LM models both in closed and open economies. After modelling aggregate demand, we switch to the theories of aggregate supply. We introduce the Phillips curve. We also discuss the interface of economic policy and macroeconomics. In the frame of the latter, we introduce how the different schools of economic policy relate to the toolkits of fiscal and monetary policies. We also present the advantages and disadvantages of rule-based and discretionary decision- making in economic policy. Finally, we discuss the concept of microeconomics-based macroeconomics.

3

2

Bachelor

 

GTI22AN303EN

This course is specifically designed for non-law students. Its objective is to demonstrate using examples how rational business decisions are to be made in a legal environment. The operation of the basic legal institutions is discussed in an international, global context.
Legal studies deal with many aspects of our everyday life. What are the unalienable rights of men? What is private property? What should free trade mean? The course enables students to recognize legal problems (not to solve them), to understand the approaches and attitude of lawyers (judges), to be able to read basic legal documents (not to write), to make business decisions, and argue with regard to basic legal aspects, to carry out business negotiations with regard to basic legal aspects.

6

4

Bachelor (Master)

 

GTI21AN306EN

The course improves the participants’ argumentative and rational conflict management skills and helps them develop a critical and reflective attitude. We are going to study the central logical, argumentation-theoretic, and rhetorical concepts and apply them to real-life dialogues. We are going to pay special attention to those aspects of argumentation which are particularly important in business settings like negotiation, decision making, and selling.

3

2

Bachelor (Master)

 

GTI24AN309EN

Have you ever wondered how the stock price of a company is determined? Have you witnessed some recent rallies or plummets in stock prices and feel you might have missed out? Building on the principles acquired in Corporate Finance I., here you will learn the methodology of stock valuation based on the firms’ fundamentals. This is no wizardry as many investment advisors would present it but is rather a question of following a series of rigorous logical steps, grounded on facts and science. Besides the necessary theory, you will be walked through real-life examples step-by-step from start to finish, with links to the various data sources. After mastering this course, you will understand the mechanics behind, and thus surely become a more confident investor with significantly less FOMO when seeing swings in stock prices. This knowledge will also come in handy when deciding about corporate acquisitions outside the stock market.

3

2

Bachelor

Finance / Microeconomics

GTI23AN302EN

This course aims to acquaint students with the basic international economic and financial issues. During the classes, students learn about the macroeconomic theory and policy of open economies. We discuss the background of international financial flows and the key contexts and concepts of balance of payments statistics. Lectures address the theme of the exchange rate policy, and also the issues of the eurozone. We deal with the capital market actors, the development of financial markets, and with international funding. Finally, we look into financial disturbances, crises, and crisis management.

6

4

Bachelor

Finance / Microeconomics

GTI23AN308EN

This course introduces the main concepts, mechanisms, and areas of foreign economic policy. The major goal is to equip students with the knowledge necessary for the successful management of international finances, commerce, and business both at the enterprise and the government level. Building on the foundations of economic policy and international economics, we aim to offer a practice-oriented approach which, beyond the theoretical basis, also pays special attention to the newest empirical results regarding the individual topics.
After the introduction of the main goals, concepts, and schools of foreign economic policy, we discuss two crucial aspects of the international political and economic environment of national economic policies: globalization and regional economic integrations. We investigate the tendencies of economic development in the latest century focusing on inequality both between and within countries. The course continues with the discussion of foreign trade with a special focus on its potentials in enhancing economic growth. We also investigate the main aspects of international competitiveness and the related dilemmas of measurement. Regarding foreign direct investments, the emphasis is set on the policies and institutions which are meant to attract multinational companies, on the one hand, and the role of FDI in economic catching-up, on the other hand. The typical institution of foreign economic policy–such as national investment agencies, export-import banks etc.–are also discussed. The course also introduces the characteristics of foreign economic relations and policies in Hungary during the last decades.

6

2

Bachelor

Macroeconomics

GTI24AN314EN

The purpose of the module is to provide the skills and knowledge necessary for students to analyse, interpret and criticise accounting information. The objective of the module is to extend the scope of using financial information for both external and internal purposes. The prerequisite of the module is accounting knowledge. The module also includes an introduction to auditing.

6

4

Bachelor (Master)

Corporate finance

GTI23AN508EN

This course introduces the basics of econometric analysis. We deal with cross-sectional and time-series analyses. The course starts with the foundations of classical multiple linear regression models. After that, we present the tools of model building and the choice between nested models. The discussion is continued with the requirement of spherical disturbances in classical linear models and the treatment of heteroskedastic error terms by robust standard errors and generalized least squares. We also deal with models which are non-linear in their explanatory variables. We discuss the topic of nominal explanatory variables and their incorporations into regression models. The cross-sectional part is closed with the instrumental variable regressions.
The second half of the course focuses on the basics of time-series analysis. We start with the deterministic time series analysis. After that, we discuss the analysis of univariate stochastic processes. In the frame of the latter, we introduce the characteristics of stationary and nonstationary processes, the related tests and methodological implications, the Box-Jenkins method of ARIMA modelling, and the forecast based on ARIMA models. Finally, we deal with the basic concepts and methods of regression of time-series including the notion of cointegration, and the error correction and VAR representations.

6

4

Bachelor

Macroeconomics

GTI92AN801EN

Introduction to Sociology II.

3

2

Bachelor

 

GTI92AN804EN

Cultural Anthropology II.

3

2

 

 

GTI22AN811EN

International Business Law

3

2

Bachelor (Master)

 

 
The course offers an introduction to the growing literature on expertise and transdisciplinary research and innovation strategies. Topics include the ‘public understanding of science’, the ‘fractal model of expertise’, as well social and cognitive biases, 21st century skills, and all the tools you need to survive in a post-truth world. The covered problem-spaces will be illustrated with case studies, ranging from ‘wicked problems’ for sustainable development, through crisis-response in pandemic to pseudoscience, and more. The lectures trigger reflection of the students on their worldviews and epistemologies, on their understanding of the nature of science, and difficulties to make decisions under deep uncertainty. Students by the end of the course will have improved their ability to interpret information relevant for (business) decision making by a deeper understanding of media-mechanisms, the nature of science in society, and the challenges of picking reliable expertise to solve complex problems.
3 2    
GTI24AN817EN Investment and Financing 6 4 Master  
  Leading and Organising 6 4 Master  

Course list for the Spring semester 2021/2022

COURSE CODE

COURSE NAME

ECTS

HR/W

LEVEL

Prerequisite

GTI22AN204EN
This course s duces the organizational aspects of Human Resources Management (HRM) which is a strategic approach to the effective management of organizational workers so that they can help the business gain a competitive advantage. The course includes the basic systems of HRM, enabling participants to apply theories and methods in their work environments successfully. Attention during the course on the development of individual knowledge, skills and abilities (KSAs), can contribute to employees’ success in organizational settings (e.g., competencies to increase individual efficiency and performance, collaboration in different cultures).
3 2 Bachelor  
GTI24AN203EN
Corporate finance discusses the theoretical background of financial decisions of corporations, methods, and tools supporting these decisions, and their applications. Corporate finance class serves as the background for the subjects dealing with the functional areas of corporate finance such as Advanced corporate finance, Investments and financing decisions, Project and corporate valuation). The main purpose of corporate finance decisions is to decide if the change resulting from the decision increase the value of the company and shareholders’ value. During the course, students get familiar with savings (risk and return, time value of money, capital market pricing) and their effects on the methods and costs of raising capital. Students get fundamental knowledge about investment and financing decisions, including net present value calculations, risk analysis, financing techniques, and liquidity management. By the end of the semester, students have a solid understanding of the system of corporate finance decisions, they are able to raise relevant questions and to use their theoretical knowledge to solve corporate problems.
6 4 Bachelor  

GTI92AN201EN

The primary aim of the course is to get students acquainted with the basic definitions of economics and fundamental relationships in microeconomic context which are important for those professionals who are going to work either in the business sector or in the various social sciences.
The mind of economics and its toolbar can be successfully utilized in various business and social problem-solving situations.
This course focuses on the principles of economics and the basic models of microeconomics. The analysis of consumer’s and producer’s decisions is followed by equilibrium and market failure analyses. The course also discusses models dealing with time and uncertainty. In the second part of the semester, a brief overview is provided on the foundations of welfare and political economy.
This course is viewed as the grounding course of further optional and advanced courses in various topics of economics.

6

4

Bachelor

 

GTI91AN202EN
Vectors in 2 and 3 dimensions. Coordinates. Equations for lines, planes. Vectors in n-dimensional space.
Matrices. Systems of linear equations, Matrix equations. Determinants and inverse. Eigenvalues and eigenvectors.
Basics of probability. Events, their probability. Independence. Conditional probability and Bayes theorem.
Random variables and their expected value, variance and standard deviation. Discrete random variables. The binomial distribution. Poisson distribution.
Continuous random variables. The cumulative distribution function and probability density functions. Uniform distribution. Normal probability distributions. The central limit theorem (statement only).
6 4 Bachelor  
GTI22AN303EN
This course is specifically designed for non-law students. Its objective is to demonstrate using examples how rational business decisions are to be made in a legal environment. The operation of the basic legal institutions is discussed in an international, global context.
Legal studies deal with many aspects of our everyday life. What are the unalienable rights of men? What is private property? What should free trade mean? The course enables students to recognize legal problems (not to solve them), to understand the approaches and attitude of lawyers (judges), to be able to read basic legal documents (not to write), to make business decisions, and argue with regard to basic legal aspects, to carry out business negotiations with regard to basic legal aspects.
6 4 Bachelor (Master)  
GTI24AN206EN
Accounting II applies the International Financial Reporting Standards (IFRS) as a framework for financial accounting. provides special advanced accounting knowledge for students on the accounting treatment of complex transactions that have an impact on the financial position and financial performance of a business entity. Both theoretical and practical aspects of the topics are discussed.
3 4 Bachelor (Master) Accounting
GTI22AN403EN
This course is specifically designed to non-law students. It focuses on a concise introduction to the way the law generally operates in business decisions. The method is manifold, it includes historical explanations, institutional descriptions, text, and case analysis as well as comparative approaches.
Wherever we go, whatever we do, we are bound by legal relationships, we enter into dozens of contracts each and every day. A newborn baby has the right to heir, and in the kindergarten many engage in pity trades (exchanges, gifts), years before the legal age, when one has full capacity to manage his own affairs. Lately, rights might be more apparent, nevertheless, duties are equally important and indispensable.
The course focuses on contracts and enables students to understand the basic reasoning in legal thinking, the basic concept of properties and contracts, to carry out negotiations, to interpret contractual clauses, to recognize the meaning of special contractual clauses.
6 4 Bachelor (Master)  
GTI22AN404EN
The primary purpose of the course is to get students acquainted with the basic statistical toolbar and its business applications including the tools and methods of collecting, graphically presenting, describing, measuring, and analysing statistical data. The lessons focus on business statistics, sampling, and descriptive statistics. The course enables students to test hypotheses, and to analyze regression and correlation in practice.
6 4 Bachelor Calculus, Statistics

GTI23AN406EN

This course offers insight into the basic concepts and schools of economic policy with a special emphasis on some crucial aspects of current national economic policies. The primary goal is to empower students to understand and interpret the national and global economic and social processes. With this end in view, we touch upon a broad spectrum of topics. We introduce the main schools of economic policy such as neoliberalism, the social market economy, the welfare state, Keynesian economic policy, and supply-side economic policy. We discuss economic globalization as an essential part of the responsibilities and available tools of national economic policies in the 21st century. We deal with the two major sub-areas of economic policy, fiscal policy, and monetary policy, and with the institutional environment of economic policy. We present the brief history and the major policy lessons of financial crises in the latest decades. We deal with the great redistributive systems of economic policy: the pension system, health care, education, and local governments. We also introduce the main cycles and critical junctures of the post-socialist economic policies in Hungary and other Central European countries.

3

2

Bachelor (Master)

 

GTI24AN418EN
The subject of taxation and international taxation covers two major topics. The first aim is introduce the theoretical background of taxation, to reveal the basic relationships of tax forms and taxpayers, and to describe the development of the three main tax types. The second aim is to introduce the principles of national and international taxation, the interconnection between them, and to introduce rules and legislation of taxation (scope of directives) of the European Union.
We address the need for state involvement, public finance subsystems, general government revenue, public finance expenditure, and the financing of social systems, including the role of tax as a state revenue in the financing of the budget. In a more detailed discussion of the revenues of the public finances, we provide students with the basic principles of taxation, some fundamental ways of computing the tax liability in the frame of personal income tax, corporate tax, and value added tax. This is related to the description of the structure of the taxation procedure, turnover, and tax compliance in the Hungarian tax system and its administration. In the second major topic, students acquire knowledge of the basic system of international taxation and the systems of tax compliance.
3 2 Bachelor Finance, Accounting
GTI24AN405EN
Management accounting is a superpower in your hand if you know how to use it. This field of accounting is much more on the business side, it is a system that uses accounting and other information to support managerial decisions. We learn how to calculate the cost of running the business and how to use cost information in pricing, profitability, and cost management decisions. The course demonstrates how you can prepare a budget that helps you to coordinate and control the operation of the business and also supports performance evaluation.
6 4 Bachelor (Master) Accounting
GTI21AN611EN
The aim of this course is to help students to understand the basic theoretical background for successful negotiation (BATNA, competitive arousal etc.). The course covers these topics not only from a theoretical point of view. The basic aim is to improve the negotiation skills of students, and therefore it includes in-class negotiations and group work on preparing for business negotiations. The course focuses on the strategies and tactics of negotiation, but it also includes some psychological background knowledge on the topics. It also develops the models of adversarial, cooperative, and integrative negotiation structure. Case studies exemplify the usefulness of these models.
3 2 Bachelor  
GTI92AN019EN Market Theories 3 2 Bachelor (Master) Economics, Finance
GTI95AN808EN Infocommunication 3 2    
GTI95AN807EN Computer Systems 3 2    
  Corporate Information Systems 3 2    

GTI92AN001EN

Introduction to Sociology I.

3

2

Bachelor

 

GTI92AN802EN

Cultural Anthropology I.

3

2

Bachelor

 

GTI22AN020EN

Business and Human Rights

3

2

Bachelor

 

GTI21AN401EN Marketing Research 6 4 Master  
GTI24AN505EN International Financial Management 6 4 Master  
  Finance and Accounting Informatics* 3 2 Master  

*Course to be confirmed.

Course list for the Autumn semester 2022/2023

COURSE CODE

COURSE NAME

ECTS

HR/W

LEVEL

Prerequisite

GTI22AN103EN

This course gets participants acquainted with the functioning of business organizations, as fundamental units of economy and society. Students will learn about the characteristics of human work in organizations, understand the behavior of leaders and subordinates, peculiarities of group work in work settings as well as design and cultural aspects of an organization as a whole. Applicable management methods and tools with their expected effects will also be covered within the different topics. Students will develop their knowledge, for example, in terms of organizational structure and culture, motivation, leadership, and management theories.

6

4

Bachelor

 

GTI21AN101EN

The objective is to enable students to understand the impact of marketing orientation on organizational behaviour and to learn about the related tasks and tools. The course gets students acquainted with the core concepts and tools of marketing starting with answering the question ’what is marketing?’ To put it simply, marketing is engaging customers and managing profitable customer relationships, so the aim of marketing is to create value for customers in order to capture value from customers in return. Secondly, the course discusses the steps of the marketing process from understanding customer needs by the methods of gathering information and market research, through designing customer value-driven marketing strategies and integrated marketing programs, building customer relationships to capturing value for the organization. Marketing tools, from product policy to branding, pricing strategies, and sales to marketing communications will be presented. The major trends and forces affecting marketing e.g. trends in digital, mobile, and social media are presented for each topic.

6

4

Bachelor

 

GTI24AN104EN

The primary objective of the course is to develop the understanding of financial accounting information for decision-making and the discussed case-studies focus on the role of financial accounting in communicating business performance. A specific aim of the course is to develop the participants’ skills in producing and using accounting information in real-life business situations.

6

4

Bachelor

 

GTI91AN102EN

Review of elementary functions, their graphs and applications. Linear, quadratic and power functions. The exponential and logarithmic functions. Composition of functions. Mathematical models.
Limits of functions and continuity. The number e. Differential calculus of real-valued functions. The concept of the derivative at a point and its interpretation as rate of change, as slope and as a linear approximation.
The derivative functions. Derivatives of the power, exponential and logarithmic functions. Differentiation rules.
Applications of the derivative. Increasing and decreasing functions, optimal values. Percentage changes: the logarithmic derivative and elasticity.
Functions of several variables. Partial derivatives and local optimum. Level curves, optimum problems with constraints.
The definite integral as area. The fundamental theorem of calculus. Indefinite integrals. Improper integrals. Applications of the definite integral to probability.

6

6

Bachelor

 

GTI93AN106EN

The primary aim of the course is to get students acquainted with the basic definitions of psychology. The course also focuses on the leading schools of psychology and the critical understanding of their interrelations, with special attention to the psychological theories related to the economy.
1. Sensation and perception. The Ames-room. Ecological validity. The James-Lange theory and its limitations.
2. The basic forms of learning. Classical and operant conditioning, learned emotions, learned helplessness, basics of positive psychology.
3. The nature of psychological measurements. IQ, creativity, EQ, big five.
4. Altered states of consciousness. Non-rational but still smart thought.
5. Complex learning, the STM-LTM model. Levels of competence, logistic growth, the notion of talent.
6. Motivations, cognitive dissonance, loyalty, money the motivator.
7. Self-defence mechanisms, resilience, PTG, antifragility, smart simplicity, magic spells, second-order changes.
8. The proofs of the existence of unconscious, Freud’s theory: validity and limitations. The basics of behavioural economics

3

2

Bachelor (Master)

 

GTI21AN105EN

The course introduces the students – through lectures and related seminars – to the theories of the relation between individual and the society with special emphasis on social practices in business life. Students get acquainted with the basic elements and procedures of social psychology, famous experiments, ethical implications of actions, and the mechanisms to which humans are necessarily exposed in social situations. The course serves as a basis for several other classes in business and economics.

3

2

Bachelor (Master)

 

GTI92AN307EN

This course introduces the foundations of macroeconomics. We start with the basic concepts in macroeconomics and the very notion of economic modelling, endogenous and exogenous variables. After that, we discuss the characteristics of the major macroeconomic indicators (such as the GDP, inflation, and unemployment). We deal with the theories of short-term economic fluctuations in details. We investigate the mechanisms of aggregate demand via the IS-LM models both in closed and open economies. After modelling aggregate demand, we switch to the theories of aggregate supply. We introduce the Phillips curve. We also discuss the interface of economic policy and macroeconomics. In the frame of the latter, we introduce how the different schools of economic policy relate to the toolkits of fiscal and monetary policies. We also present the advantages and disadvantages of rule-based and discretionary decision- making in economic policy. Finally, we discuss the concept of microeconomics-based macroeconomics.

3

2

Bachelor

 

GTI22AN303EN

This course is specifically designed for non-law students. Its objective is to demonstrate using examples how rational business decisions are to be made in a legal environment. The operation of the basic legal institutions is discussed in an international, global context.
Legal studies deal with many aspects of our everyday life. What are the unalienable rights of men? What is private property? What should free trade mean? The course enables students to recognize legal problems (not to solve them), to understand the approaches and attitude of lawyers (judges), to be able to read basic legal documents (not to write), to make business decisions, and argue with regard to basic legal aspects, to carry out business negotiations with regard to basic legal aspects.

6

4

Bachelor (Master)

 

GTI21AN306EN

The course improves the participants’ argumentative and rational conflict management skills and helps them develop a critical and reflective attitude. We are going to study the central logical, argumentation-theoretic, and rhetorical concepts and apply them to real-life dialogues. We are going to pay special attention to those aspects of argumentation which are particularly important in business settings like negotiation, decision making, and selling.

3

2

Bachelor (Master)

 

GTI24AN309EN

Have you ever wondered how the stock price of a company is determined? Have you witnessed some recent rallies or plummets in stock prices and feel you might have missed out? Building on the principles acquired in Corporate Finance I., here you will learn the methodology of stock valuation based on the firms’ fundamentals. This is no wizardry as many investment advisors would present it but is rather a question of following a series of rigorous logical steps, grounded on facts and science. Besides the necessary theory, you will be walked through real-life examples step-by-step from start to finish, with links to the various data sources. After mastering this course, you will understand the mechanics behind, and thus surely become a more confident investor with significantly less FOMO when seeing swings in stock prices. This knowledge will also come in handy when deciding about corporate acquisitions outside the stock market.

3

2

Bachelor

Finance / Microeconomics

GTI23AN302EN

This course aims to acquaint students with the basic international economic and financial issues. During the classes, students learn about the macroeconomic theory and policy of open economies. We discuss the background of international financial flows and the key contexts and concepts of balance of payments statistics. Lectures address the theme of the exchange rate policy, and also the issues of the eurozone. We deal with the capital market actors, the development of financial markets, and with international funding. Finally, we look into financial disturbances, crises, and crisis management.

6

4

Bachelor

Finance / Microeconomics

GTI23AN308EN

This course introduces the main concepts, mechanisms, and areas of foreign economic policy. The major goal is to equip students with the knowledge necessary for the successful management of international finances, commerce, and business both at the enterprise and the government level. Building on the foundations of economic policy and international economics, we aim to offer a practice-oriented approach which, beyond the theoretical basis, also pays special attention to the newest empirical results regarding the individual topics.
After the introduction of the main goals, concepts, and schools of foreign economic policy, we discuss two crucial aspects of the international political and economic environment of national economic policies: globalization and regional economic integrations. We investigate the tendencies of economic development in the latest century focusing on inequality both between and within countries. The course continues with the discussion of foreign trade with a special focus on its potentials in enhancing economic growth. We also investigate the main aspects of international competitiveness and the related dilemmas of measurement. Regarding foreign direct investments, the emphasis is set on the policies and institutions which are meant to attract multinational companies, on the one hand, and the role of FDI in economic catching-up, on the other hand. The typical institution of foreign economic policy–such as national investment agencies, export-import banks etc.–are also discussed. The course also introduces the characteristics of foreign economic relations and policies in Hungary during the last decades.

6

2

Bachelor

Macroeconomics

GTI24AN314EN

The purpose of the module is to provide the skills and knowledge necessary for students to analyse, interpret and criticise accounting information. The objective of the module is to extend the scope of using financial information for both external and internal purposes. The prerequisite of the module is accounting knowledge. The module also includes an introduction to auditing.

6

4

Bachelor (Master)

Corporate finance

GTI23AN508EN

This course introduces the basics of econometric analysis. We deal with cross-sectional and time-series analyses. The course starts with the foundations of classical multiple linear regression models. After that, we present the tools of model building and the choice between nested models. The discussion is continued with the requirement of spherical disturbances in classical linear models and the treatment of heteroskedastic error terms by robust standard errors and generalized least squares. We also deal with models which are non-linear in their explanatory variables. We discuss the topic of nominal explanatory variables and their incorporations into regression models. The cross-sectional part is closed with the instrumental variable regressions.
The second half of the course focuses on the basics of time-series analysis. We start with the deterministic time series analysis. After that, we discuss the analysis of univariate stochastic processes. In the frame of the latter, we introduce the characteristics of stationary and nonstationary processes, the related tests and methodological implications, the Box-Jenkins method of ARIMA modelling, and the forecast based on ARIMA models. Finally, we deal with the basic concepts and methods of regression of time-series including the notion of cointegration, and the error correction and VAR representations.

6

4

Bachelor

Macroeconomics

GTI92AN801EN

Introduction to Sociology II.

3

2

Bachelor

 

GTI92AN804EN

Cultural Anthropology II.

3

2

 

 

GTI22AN811EN

International Business Law

3

2

Bachelor (Master)

 

 
The course offers an introduction to the growing literature on expertise and transdisciplinary research and innovation strategies. Topics include the ‘public understanding of science’, the ‘fractal model of expertise’, as well social and cognitive biases, 21st century skills, and all the tools you need to survive in a post-truth world. The covered problem-spaces will be illustrated with case studies, ranging from ‘wicked problems’ for sustainable development, through crisis-response in pandemic to pseudoscience, and more. The lectures trigger reflection of the students on their worldviews and epistemologies, on their understanding of the nature of science, and difficulties to make decisions under deep uncertainty. Students by the end of the course will have improved their ability to interpret information relevant for (business) decision making by a deeper understanding of media-mechanisms, the nature of science in society, and the challenges of picking reliable expertise to solve complex problems.
3 2    
GTI24AN817EN Investment and Financing 6 4 Master  
  Leading and Organising 6 4 Master  

Course list for the Spring semester 2022/2023

COURSE CODE

COURSE NAME

ECTS

HR/W

LEVEL

Prerequisite

GTI22AN204EN
This course s duces the organizational aspects of Human Resources Management (HRM) which is a strategic approach to the effective management of organizational workers so that they can help the business gain a competitive advantage. The course includes the basic systems of HRM, enabling participants to apply theories and methods in their work environments successfully. Attention during the course on the development of individual knowledge, skills and abilities (KSAs), can contribute to employees’ success in organizational settings (e.g., competencies to increase individual efficiency and performance, collaboration in different cultures).
3 2 Bachelor  
GTI24AN203EN
Corporate finance discusses the theoretical background of financial decisions of corporations, methods, and tools supporting these decisions, and their applications. Corporate finance class serves as the background for the subjects dealing with the functional areas of corporate finance such as Advanced corporate finance, Investments and financing decisions, Project and corporate valuation). The main purpose of corporate finance decisions is to decide if the change resulting from the decision increase the value of the company and shareholders’ value. During the course, students get familiar with savings (risk and return, time value of money, capital market pricing) and their effects on the methods and costs of raising capital. Students get fundamental knowledge about investment and financing decisions, including net present value calculations, risk analysis, financing techniques, and liquidity management. By the end of the semester, students have a solid understanding of the system of corporate finance decisions, they are able to raise relevant questions and to use their theoretical knowledge to solve corporate problems.
6 4 Bachelor  

GTI92AN201EN

The primary aim of the course is to get students acquainted with the basic definitions of economics and fundamental relationships in microeconomic context which are important for those professionals who are going to work either in the business sector or in the various social sciences.
The mind of economics and its toolbar can be successfully utilized in various business and social problem-solving situations.
This course focuses on the principles of economics and the basic models of microeconomics. The analysis of consumer’s and producer’s decisions is followed by equilibrium and market failure analyses. The course also discusses models dealing with time and uncertainty. In the second part of the semester, a brief overview is provided on the foundations of welfare and political economy.
This course is viewed as the grounding course of further optional and advanced courses in various topics of economics.

6

4

Bachelor

 

GTI91AN202EN
Vectors in 2 and 3 dimensions. Coordinates. Equations for lines, planes. Vectors in n-dimensional space.
Matrices. Systems of linear equations, Matrix equations. Determinants and inverse. Eigenvalues and eigenvectors.
Basics of probability. Events, their probability. Independence. Conditional probability and Bayes theorem.
Random variables and their expected value, variance and standard deviation. Discrete random variables. The binomial distribution. Poisson distribution.
Continuous random variables. The cumulative distribution function and probability density functions. Uniform distribution. Normal probability distributions. The central limit theorem (statement only).
6 4 Bachelor  
GTI22AN303EN
This course is specifically designed for non-law students. Its objective is to demonstrate using examples how rational business decisions are to be made in a legal environment. The operation of the basic legal institutions is discussed in an international, global context.
Legal studies deal with many aspects of our everyday life. What are the unalienable rights of men? What is private property? What should free trade mean? The course enables students to recognize legal problems (not to solve them), to understand the approaches and attitude of lawyers (judges), to be able to read basic legal documents (not to write), to make business decisions, and argue with regard to basic legal aspects, to carry out business negotiations with regard to basic legal aspects.
6 4 Bachelor (Master)  
GTI24AN206EN
Accounting II applies the International Financial Reporting Standards (IFRS) as a framework for financial accounting. provides special advanced accounting knowledge for students on the accounting treatment of complex transactions that have an impact on the financial position and financial performance of a business entity. Both theoretical and practical aspects of the topics are discussed.
3 4 Bachelor (Master) Accounting
GTI21AN306EN
The course improves the participants’ argumentative and rational conflict management skills and helps them develop a critical and reflective attitude. We are going to study the central logical, argumentation-theoretic, and rhetorical concepts and apply them to real-life dialogues. We are going to pay special attention to those aspects of argumentation which are particularly important in business settings like negotiation, decision making, and selling.
3 2 Bachelor (Master)  
GTI22AN404EN
The primary purpose of the course is to get students acquainted with the basic statistical toolbar and its business applications including the tools and methods of collecting, graphically presenting, describing, measuring, and analysing statistical data. The lessons focus on business statistics, sampling, and descriptive statistics. The course enables students to test hypotheses, and to analyze regression and correlation in practice.
6 4 Bachelor Calculus, Statistics

GTI23AN406EN

This course offers insight into the basic concepts and schools of economic policy with a special emphasis on some crucial aspects of current national economic policies. The primary goal is to empower students to understand and interpret the national and global economic and social processes. With this end in view, we touch upon a broad spectrum of topics. We introduce the main schools of economic policy such as neoliberalism, the social market economy, the welfare state, Keynesian economic policy, and supply-side economic policy. We discuss economic globalization as an essential part of the responsibilities and available tools of national economic policies in the 21st century. We deal with the two major sub-areas of economic policy, fiscal policy, and monetary policy, and with the institutional environment of economic policy. We present the brief history and the major policy lessons of financial crises in the latest decades. We deal with the great redistributive systems of economic policy: the pension system, health care, education, and local governments. We also introduce the main cycles and critical junctures of the post-socialist economic policies in Hungary and other Central European countries.

3

2

Bachelor (Master)

 

GTI24AN418EN
The subject of taxation and international taxation covers two major topics. The first aim is introduce the theoretical background of taxation, to reveal the basic relationships of tax forms and taxpayers, and to describe the development of the three main tax types. The second aim is to introduce the principles of national and international taxation, the interconnection between them, and to introduce rules and legislation of taxation (scope of directives) of the European Union.
We address the need for state involvement, public finance subsystems, general government revenue, public finance expenditure, and the financing of social systems, including the role of tax as a state revenue in the financing of the budget. In a more detailed discussion of the revenues of the public finances, we provide students with the basic principles of taxation, some fundamental ways of computing the tax liability in the frame of personal income tax, corporate tax, and value added tax. This is related to the description of the structure of the taxation procedure, turnover, and tax compliance in the Hungarian tax system and its administration. In the second major topic, students acquire knowledge of the basic system of international taxation and the systems of tax compliance.
3 2 Bachelor Finance, Accounting
GTI24AN405EN
Management accounting is a superpower in your hand if you know how to use it. This field of accounting is much more on the business side, it is a system that uses accounting and other information to support managerial decisions. We learn how to calculate the cost of running the business and how to use cost information in pricing, profitability, and cost management decisions. The course demonstrates how you can prepare a budget that helps you to coordinate and control the operation of the business and also supports performance evaluation.
6 4 Bachelor (Master) Accounting
GTI21AN611EN
The aim of this course is to help students to understand the basic theoretical background for successful negotiation (BATNA, competitive arousal etc.). The course covers these topics not only from a theoretical point of view. The basic aim is to improve the negotiation skills of students, and therefore it includes in-class negotiations and group work on preparing for business negotiations. The course focuses on the strategies and tactics of negotiation, but it also includes some psychological background knowledge on the topics. It also develops the models of adversarial, cooperative, and integrative negotiation structure. Case studies exemplify the usefulness of these models.
3 2 Bachelor  
GTI92AN019EN Market Theories 3 2 Bachelor (Master) Economics, Finance
GTI95AN808EN Infocommunication 3 2    
GTI95AN807EN Computer Systems 3 2    
  Corporate Information Systems 3 2    

GTI92AN001EN

Introduction to Sociology I.

3

2

Bachelor

 

GTI92AN802EN

Cultural Anthropology I.

3

2

Bachelor

 

GTI22AN020EN

Business and Human Rights

3

2

Bachelor

 

GTI21AN401EN Marketing Research 6 4 Master  
GTI24AN505EN International Financial Management 6 4 Master  
  Finance and Accounting Informatics* 3 2 Master  
  International Political Economy 6 4 Master  

*Course to be confirmed.