Elective Courses

The program offers big variety of elective courses. Use this opportunity to explore additional subjects and develop a well-rounded general knowledge of your area of study. Taking elective classes can give you a chance to explore your interests, lighten a demanding class schedule and have fun studying something you love.

  • Economic Debates

    Economic Debates The course aims at teaching students the role of the basic concepts and definitions of debate and argumentations as well as formal and informal debates, economic policymaking, etc. The course will allow students, realize, evaluate and extend their debate arguments, also, to analyze data and make an informed decision to support their arguments, to share their written arguments in a clear and persuasive manner. The course will be delivered by Eric Livny.
  • Financial Accounting

    Financial Accounting The purpose of this course is to understand the accounting process and to develop skills necessary to evaluate an enterprises financial position and its operating, investing and financing activities. The course uses simple examples to provide students with a clear understanding of accounting concepts. It stresses the ability to apply these concepts to real world cases, which by their very nature are complex and ambiguous. The course will be delivered by Nina Sukhanskaya.  
  • Economic History

    Economic History This course is aims to give student knowledge about important topics of economic history, such as Malthus economic logic, living standards, technological progress, institutions and growth, modern economic growth,  industrial revolution in England, growth of World economy etc. Student understands in historical perspective how culture, exploitation, geography, resources explain the wealth, and the poverty of nations. The course will be delivered by Karine Torosyan.
  • Mathematics for Economists 4

    Mathematics for Economists 4 The course aims to teach students differential equations. In oder to build up skills and understanding of mathematical modeling and analysis in finance, economic and business processes. In addition, to develop practical skills of solving economic, finance and business problems in an optimal manner. Also, goal of the course is to teach mathematics at a level that student can use it in practical work in these fields. In particular, build mathematical models to solve problems study models, analyze and select optimal strategies for solution. The course will be delivered by Tornike Kadeishvili
  • Cost-Benefit Analysis

    Cost-Benefit Analysis The aim of this course is to give students an understanding of the principles of Cost-Benefit Analysis; give students a basic knowledge of the economic benefits, costs, theoretical and practical grounds of their calculation;   provide them with the basic tools necessary to perform Investment Appraisal and Cost-Benefit Analysis. The course will be delivered by Norberto Pignatti
  • Quantitative Financial Methods

    The course aims to provide students with knowledge of the quantitative finances. Students will explore issues such as simple and compound interest rate, the present value, internal rate of return and problems related to it, a discounted cash flow valuation and basics of capital budgeting.
  • Political Economics

    Political Economics The goal of this course is to acquaint students with the foundations of political economics, and fundamental models of political economics, to equip them with modern, necessary skills for constantly changing market economy, such as analytical thinking, research, multi-dimensional problem analysis and ways of solving them. The course will be delivered by Sophiko Skhirtladze.
  • Public Sector Economics

    Public Sector Economics The course is designed to familiarize students with the basics of the public sector economics. During the course students will be acquainted with important issues in public sector economics, such as the equilibrium & efficiency; Public goods; Poverty and inequality; Ramsey tax; Tax theory, tax evasion and execution; Fiscal federalism and fiscal competition. The course will be delivered by Sophiko Skhirtladze
  • Impact Evaluation

    Impact Evaluation Developing the understanding among the students of the standard quantitative methods and practices currently used in the field of Impact Evaluation, with particular emphasis on the experience of developing and transition countries. Development of practical skills [analysis of real case studies, empirical projects] The course will be delivered by Norberto Pignatti
  • Corporate Finance 2

    Introducing students to financial tools available to firms to manage risk, to the challenges of debt financing, financial planning and to mergers, corporate control and governance. Putting students in the condition to understand the theory and apply, in real world situations, the techniques and the concepts they have learned during the course.
  • Econometrics 3

    Econometrics 3 This course is aims to extend student knowledge of econometric models and their practical applications; econometric topics related to data collected from surveys, prices and tax reforms, savings and consumption smoothing etc., which develop basic techniques of panel and cross-section data analysis. Also, skills in solving practical problems in statistical software - STATA The course will be delivered by Karine Torosyan.
  • Economic Geography

    The course looks at world regions in a global context. Together with the major regions traditionally taught in regional geography courses, this course will additionally focus on city regions and the near abroad of the Caucasus region. Apart from compulsory readings, the students will be assigned to read relevant online publications in order to gain up-to-date knowledge of political and economic dynamics in study regions. The students will also work on preparing thematic maps using Google Earth Pro. As the result, the students will gain a comprehensive knowledge of politics, economy, demography and the environment of the world regions
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