6В04103-Economy

Name

6B04103 Economics

Classification of education area

6B04 Business, Management and Low

 

Classification of training areas

6B041 Business and Management

 

Group of educational programs

B044 Management and Administration

Purpose

The purpose of the educational program is the high-quality training of specialists capable of working professionally in the real sector of the economy. The implementation of the educational program is aimed at formation of personality of a specialist capable of:

- to plan, create and conduct business and entrepreneurial activities in various fields, including in a virtual environment of the economy;

- to effectively manage the business processes of the enterprise and entrepreneurial risks based on the use of information and communication technologies;

- to evaluate the economic efficiency of the resources used, the financial stability and competitiveness of the enterprise and the economy as a whole;

- to conduct a qualitative analysis of the economic activity of economic entities, on the basis of this to substantiate the rationality of the decisions made in the framework of ​​the state's economic policy;

- to use economic and mathematical modeling and econometric analysis to assess changes in economic processes at the micro and macro levels;

- to assess the surrounding reality on the basis of ideological, moral and civic positions and to propose new solutions to modern economic problems, to demonstrate proficiency in foreign languages ​​at a professional level.

Language of instruction

kazakh/ russian / english

Volume of credits

240

Academic degree to award

Bachelor of Business and Management on Educational Program «6B04103 Economics»

Learning outcomes

Upon completion of this educational program, students are expected to be able to:

1. professionally operate with economic categories in practice; distinguish between the stages of the economic cycle and interpret the behavior of economic actors in them; to illustrate graphically the action of market laws in economic models and theories;

2. calculate the main indicators of the functioning of the economy, interpret their role in the system of national accounts of the country; classify databases and models for the analysis of economic processes at the macro, meso and micro levels; substantiate the possibility of applying advanced models of economic growth for Kazakhstan;

3. formulate an algorithm for the behavior of economic agents in various markets; classify risks and changes in their activities and substantiate methods for their assessment; interpret the main performance indicators of the enterprise in the industry and regions of Kazakhstan; substantiate the instruments of economic policy in the models of economic growth;

4. argue the use of quantitative and qualitative methods to solve complex economic problems; practice mathematical and econometric models in professional activities; integrate effective software into the activities of market entities; substantiate the use of new technologies to improve the efficiency of business processes at the enterprise;

5. form a statistical database for the analysis of economic processes at enterprises; practice the use of EViews, Stata, MS Excel for data analysis and, based on the findings and results, assess the main trends in the development of industries, regions and the economy as a whole;

6. form the initial data for the economic plans of enterprises; recommend the main methods of obtaining, storing and processing information to ensure the economic security of enterprises; develop models of rational solutions for the enterprise based on various project management methods (PMI, IPMA and PRINCE2);

7. analyze the causes and consequences of global economic cycles; compare the effectiveness of stabilization policy instruments for assessing economic shocks; apply the AD-AS and IS-LM models to analyze the macroeconomic processes in the country; substantiate the policy of the National Bank and the government of the republic in solving macroeconomic problems;

8. analyze the structure of the main and current assets of the enterprise; calculate the consumption rates of materials, assess the company's need for them; to distinguish between indicators of efficiency of labor and production assets; choose strategies for pricing and investment in the market for an enterprise, evaluate their effectiveness;

9. draw up the production program of the enterprise, calculate its estimate; analyze information in the company's reporting, practice the skills of financial and economic calculations in Excel; use the results obtained during the analysis and evaluation for making effective decisions; evaluate the factors of competitiveness of the enterprise and the economy as a whole;

10. evaluate existing business processes, propose models of their transformation into new ones to increase the efficiency of the enterprise; predict new decisions about the distribution of resources, processes and risks in the enterprise; analyze real problems of business and economic policy, relying on the skills of working with the programs EViews and Stata;

11. substantiate the legal framework governing the activities of economic entities; practice standard techniques, standards and norms of legislation in the analysis of their activities; analyze the legal and economic aspects of creating your own enterprise; assess entrepreneurial risks and financial stability of the enterprise;

12. professionally carry out their activities, evaluate the effective areas of application of their knowledge, information and communication skills; independently collect information from various sources; organize teamwork, take into account socio-cultural differences between people in professional activities; quickly adapt to non-standard work-related situations.

For applicants

Welcome.kaznu.kz https://welcome.kaznu.kz/ru/education_programs/bachelor/speciality/1514

- Academic activities

Academic activities in the educational program are regulated by the Academic Policy of Al-Farabi KazNU and are implemented within the framework of existing regulatory documents and guidelines in the field of higher education of the Republic of Kazakhstan.

The educational program assumes to ensure the unity of the educational and research process, compiled in accordance with the requirements of foreign universities and professional standards of NCE "Atameken", built on a modular principle based on a competence-based approach.

The main objective of the program is to develop students' skills in economic analysis and problem solving in the real sector of the economy.

Throughout the entire period of study, students study a complex of compulsory general and basic disciplines, which make it possible to form the basic cognitive and functional competencies of future bachelors, at the same time, a cycle of major disciplines and a wide selection of elective disciplines in the educational program contribute to the formation of deep functional and systemic competencies.

 

- Scientific activity

Students have opportunity to participate in student scientific section of the Department of Economics, such as "Economist of the XXI century", "Innovative Economy", as well as annually participate in the international conference for students and young scientists "Al-Farabi Alemi" in the framework of the international Farabi Readings. In the senior years, students will participate in the international patriotic forum "Men zhastarga senemin!", where they can present innovative projects.

All these activities help to start scientific and research activities in the early courses, which makes it possible for the graduation course to decide on the topic of diploma theses, which is developed taking into account the main scientific directions of the Department of Economics.

To date, the teaching staff of the department is implementing the following research projects:

1) a project within the framework of grant financing of the Ministry of Education and Science of the Republic of Kazakhstan "Creative industries: methodological aspects of classification and quantitative measurements in the Republic of Kazakhstan" (2020-2023). Scientific adviser: PhD, ass. professor Zhuparova A.S.

2) a project within the framework of grant financing of the National Bank of the Republic of Kazakhstan "The independence of the central bank and the achievement of the inflation target" (2021-2022). Scientific adviser: Doctor of Economics, Professor Mukhamediyev B.M.

3) a project within the framework of grant financing of the National Bank of the Republic of Kazakhstan "Private capital market in Kazakhstan, prospects for its development" (2021-2022). Scientific adviser: PhD, Art. teacher Rakhmatullayeva D.Zh.

The student has the opportunity to offer his own areas of research in the field of fundamental and applied issues of economics.

 

- International activity

The educational program provides students with opportunities to study at foreign universities within the framework of academic mobility under ERASMUS+ programs for a semester, as well as a promising opportunity to study under double-diploma programs and joint educational programs of partner universities upon admission to a master's program:

- RUDN (Russia),

- University of Padua (Italy),

- University of Finance and Administration (Czech Republic),

- Bialystok University of Technology (Poland)

 

- Quality assurance (Accreditation, rating, work with employers)

The educational program "Economics" was accredited by the international organization FIBAA - Foundation for International Business Administration Accreditation (2015-2020).

In 2021, the educational program has successfully passed the accreditation of KazSEE - the Kazakhstan Society for Engineering Education (2021-2026).

According to the results of the IAAR rating - 2021, Al-Farabi KazNU takes the 1st place in the republic in the groups of the EP direction "6B041 Business and Management", which includes the EP "6B04103 Economics".

The Department of Economics has a wide geography of practice bases in the context of cities and regions of Kazakhstan, as well as abroad for foreign students. Mainly, these are institutions and organizations of the state and quasi-public sectors (regional departments of economics and finance, departments of state revenue, departments of entrepreneurship, treasury departments, etc.), small and large enterprises and private sector firms, commercial banks, joint ventures and branches of foreign companies on the territory of the republic.

An analysis of the needs of the labor market showed that the real sector is experiencing a chronic shortage of broad-based specialists at all levels and profiles. The educational program "Economics" is the basis for the training of such specialists - economists of a wide profile. According to the Atlas of New Professions of Kazakhstan, after 2025 the demand for the profession of “Economics on Demand Specialist” will grow, capable of solving non-core tasks of enterprises, possessing a wide range of competencies in various industries: construction, legislation, procurement, engineering, etc., possessing over-professional skills (personal characteristics, language skills, ICT, time management, flexibility and adaptation, leadership and teamwork, etc.).

In addition, bachelors can continue their studies in master's and doctoral studies in this educational program.