Students Handbook Babe 2009 10

Bachelor of Arts in Business Economics

STUDENT’S HANDBOOK2009/2010

Lazarski University

Warsaw, September 2009

Lazarski School of Commerce and LawStudent’s Handbook- Bachelor of Arts in Business Economics

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Content

PageThe Programme 4The Degree 6Assessment 9Students 12Socrates/Erasmus Study in Babe Programme 12Quality Assurance 13

Course DescriptorsMathematics 15Introductory Microeconomics 16Introduction to Sociology 17Current Issues of the European and Global Economy 19Academic Writing 20Introduction into Business 21Introductory Macroeconomics 23Introduction into Economic Analysis 25Economics of Integration 27Information Technology 28Intermediate Microeconomics 29Issues in Macroeconomic Policy 30Mathematical Economics 32Statistics 34Regional Economics 35Accounting 36Banking and Finance 37International Economics 38Intermediate Macroeconomics 39Managerial Economics 40Econometrics 41Public Finance 42Research Preseminar 43Social Policy 44Game Theory 45Research Methods 46International Business Law 48Investment Analysis 49BA Seminar 50Financial Accounting 51Monetary Integration 52Do we Really Need Immigrants? Demand for Foreign Labour in the EU 54Economics, Culture & Democracy in Africa 55Principles of Marketing 56The World Economy – Retrospective View 57The Small and Medium-Sized Enterprises (SME) Sector 59Economics of Telecommunication 62Corporate Finance 64Demography and Economics of Contemporary European Migration 65Monetary Theory and Policy 66Personal Finance in Practice (with Excel) 67Organisational Behaviour 68Contemporary China 70Pension Systems 71Negotiations and Communication 73Tax Policy 75Practical use of Technical and Fundamental Analyses 76Energy Security and Climate Protection in The European Union 77Introductory Fiscal Policy 78Risk Management 79


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Teaching StaffWojciech Bieńkowski 81Bogna Gawrońska-Nowak 81Wojciech Grabowski 81Jarosław Jura 82Piotr Kłossowicz 82Łukasz Konopielko 82Andrzej J. Kurnicki 82Rafał Matera 83Richard Mbewe 83Jarosław Neneman 83Maciej Turała 84Piotr Woźniak 84Krystyna Iglicka 84Andrzej Nałęcz 85Andrzej Kondratowicz 85Katarzyna Kopczewska 86Marie Hines, PhD 87Arun D’Souza 88Maciej Krzak 90

Useful Vocabulary and Terms 92


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THE PROGRAMME

Basic InformationLazarski University offers undergraduate Programme in Business Economics (BA in BE). It takes three years (six semesters) full-time studying to complete the Programme. Degree scheme is offered on modular basis. All courses of the Programme are taught in English. Graduates of the BE Study are awarded Single Honour Degree, BA in Business Economics (having gained 360 credits while passing all three year programme modules). Honours degree will be awarded with first, upper-second, lower-second or third class honours.

RationaleOur idea is to educate open-minded business specialists, who are able to understand, analyse and solve different socio-economic problems in company or on different institutional levels, who are flexible and able to work irrespectively of geographical and/or cultural characteristics of their future job places. We believe that studying in environment of successfully transformed economy like Polish one may contribute into teaching and learning processes. Therefore, on purpose, our Programme consists of different case studies including the ones of our region, comparative analyses, various research techniques, and multidisciplinary studying materials. Our School is the right place to discover challenges and opportunities of business in Global Economy, which also means to compare emerging markets and transition economies with well developed countries. We employ experienced field specialists who are able to show wide perspective of conducting various studies of Old and New Member States of European Union, as well as of Ukraine, Russia or former Soviet Union Republics, and developing countries of Latin America and Africa. We hope to create added value to good education patterns combining benefits from studying in interesting, changeable environment that provokes empirical studies and inspire to further investigations with solid foundations of contemporary knowledge in the field of Economics.

AimsLazarski University BA Programme in BE aims to:

produce graduates educated in application of fundamental economic knowledge to real-life managerial, financial, ethical, and analytical problems encountered in business;

produce graduates who are properly equipped to develop their skills and professional interests to become key players in business irrespective of geographical location of their future job places and task diversification they may be given;

produce graduates who are aware how to apply their knowledge and skills effectively to many areas of their interests including strictly business as well as institutional and policy-making environments of business.

make students aware how to use the quantitative methods in appropriate way, i.e. solving different economic problems (on both micro- and macro-level of economy); in particular to encourage students to acquire autonomous and universal study skills, which should result in practical, independent, and investigative way of thinking of and dealing with economy;

introduce students into empirical part of economic studies making them experience and explore current issues of global economy from different perspectives, paying special attention to some problems of emerging markets and transition economies;

to share with students best understanding of practical, multidisciplinary approach towards globalisation, integration, crises, and other complex issues appearing in micro and macro scale of contemporary global economy,

to provide students with the knowledge and skill base, from which they can proceed to further studies in Economics, related areas or in multi-disciplinary areas that involve Economics.

ObjectivesWith the completion of this Programme, graduates should have knowledge and understanding of:

fundamental concepts and theories in Economics, evolution of contemporary economics and its practical business-oriented application, optimisation and decision making processes, modern management goals and tasks, local and international development paths of a company, basic mathematics and both quantitative and qualitative research methods, macro environment of business including country specific and global perspectives, modern business and management techniques used in real life, business ethics, diversification of widely defined business environment including historical, cultural, and political aspects of it.

Special features: Practical and multidisciplinary character of our studies guarantees open-minded attitude towards present challenges of

global economy. English speaking student studying in multicultural environment, exploring different dimensions of integration, and globalisation, equipped with up-to-date research techniques and good knowledge of emerging and other markets of global economy should be able to meet even most demanding employer’s expectations.


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Studying in Poland that has experienced intensive transformation processes quite recently is extra benefit for students. Our programme consists of different case studies including the ones of our region, comparative analyses, various research techniques, and multidisciplinary studying materials. We pay special attention to challenges and opportunities of transition economies and emerging markets. Therefore, we employ specialists who deal with new Member States of European Union, Ukraine, or former Soviet Union Republics as well as developing countries in different regions of World Economy (Latin America, Africa).

GraduatesThey are open-minded specialists well-trained in up-to-date research techniques (quantitative and qualitative ones) and aware of socio-economic differences of contemporary world. They receive solid foundations for being specialised in different business fields. They may offer their analytical skills, they can think critically and optimise decision making processes. They are prepared to understand global economy from company and macro level. They are flexible, cosmopolitan, ready to take advantage of changeable market environment. They may become business analytics, managers, and project co-ordinators. They are ready to lead a team and be an active member of it.


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THE DEGREE

Title: Bachelor of Arts in Business Economics

First year

Students follow a common first year programme. Elementary economics is concerned with both theory and application and is appropriate with or without earlier economic preparation. Course in mathematics has applicative character. It forms the basis for later courses of statistics, and econometrics as well as for research methods. Introduction into Social Sciences allows students to interpret and analyse scientific literature. We also offer empirical and theoretical introduction into better understanding of current economic issues. Therefore, there are some courses devoted to Polish economy, EU economy and global economy. At this stage students are expected to be equipped with necessary fundamentals that allow them to work with models, develop analytical skills, and use more advanced techniques of solving problems.

The Basic Course Structure

Core courses

Title Coordinator Number of ECTS/UoW

credits

Mathematics M. Malicki, Ph.D. 5/10

Microeconomics, Introductory Dr. J. Neneman 5/10

Introduction to Sociology Dr. J. Jura 5/10

Current issues of European and Global Economy

Prof. dr hab. W. Bieńkowski 5/10

Academic Writing I Mgr P. Kłossowicz 5/10

Introduction into Business Dr. Ł. Konopielko 5/10

Macroeconomics, Introductory Dr. A. Kondratowicz 5/10

Introduction into Economic Analysis Dr. M. Krzak 8/15

Economics of Integration Dr. Ł. Konopielko 5/10

Information Technology Mgr W. Grabowski 7/15

Academic Writing II Mgr P. Kłossowicz 5/10


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Second year

Students take courses in: statistics, econometrics, intermediate micro-and macroeconomics. Moreover, they may choose some subjects that are supposed to broaden their knowledge about a firm and about the economy and support micro- and macroeconomic courses. On successful completion of this level our students should be able to describe, quantify, and interpret various economic issues using their just-acquired analytical skills. They should be also more aware of their areas of interest in economics.


Core courses


credits Intermediate Microeconomics Dr. J. Neneman 5/10

Issues in Macroeconomic Policy Dr. M. Krzak 3/5

Mathematical Economics Dr. M. Krzak 2/5

Statistics Prof. K. Iglicka 5/10

Regional Economics Dr. R. Mbewe 2/5

Accounting Dr. M. Turała 5/10

Banking and Finance Dr. M. Turała 3/5

International Political Economics Dr. R. Mbewe 5/10

Intermediate Macroeconomics Dr. B. Gawronska-Nowak 5/10

Managerial Economics Dr. J. Neneman 5/10

Econometrics M. Malicki, Ph.D 5/10

Public Finance Dr. J. Neneman 5/10

Research Preseminar Dr. Ł. Konopielko 5/10

Optional Courses*(One optional course out of five)


credits Financial Accounting A.J. Kurnicki, MAS 5/10

Do we Really Need Immigrants? Demand for Foreign Labour in the EU

Prof. K. Iglicka 5/10

Economics, Culture & Democracy in Africa Dr. R. Mbewe 5/10

Principles of Marketing Dr. R. Mbewe 5/10

Monetary Integration Dr. M. Krzak 5/10

*An elective course should have no fewer than ten students.


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Third year

Students are offered mainly elective courses allowing them to specialize in their majors and to broaden their knowledge of BE in general. Students may study different aspects of European integration, globalization, developing economies as well as economic analysis for business, quantitative and qualitative research methods, labour- and regional economics, various approaches towards finance and management.


Core courses

Title Coordinator Number of credits

Social Policy Prof. K. Iglicka 3/5

Game Theory Dr. J. Neneman 5/10

Research Methods Dr. J. Jura/Mgr. W. Grabowski 5/10

International Business Law Dr. A. Nałęcz 2/5

Investment Analysis Mgr. A. Kurnicki 5/10

BA Seminar Dr. B. Gawrońska-Nowak 10/20

Optional Courses(six optional courses out of sixteenth)

Title Coordinator Number of credits

The World Economy - Retrospective View Dr. R. Matera 5/10

Monetary Theory and Policy Dr. M. Krzak 5/10

Economics of Telecommunication Dr. Ł. Konopielko 5/10

The Small and Medium-Sized Enterprises (SME) Sector

Dr. A. Kondratowicz 5/10

Demography and Economics of Contemporary European Migration

Prof. K. Iglicka 5/10

Corporate Finance Mgr. A. Kurnicki 5/10

Personal Finance in Practice (with Excel) Dr. K. Kopczewska 5/10

Organisational Behaviour M. Hines, PhD 5/10

Introduction into Fiscal Policy Dr. M. Krzak 5/10

Contemporary China Dr. J. Jura 5/10

Pension Systems Dr. Ł. Konopielko 5/10

Negotiations and Communication Dr. J. Jura 5/10

Tax Policy Dr. J. Neneman 5/10

Practical Use of Technical and Fundamental Analyses

Mgr M. Podlaski 5/10

Energy Security and Climate Protection in the European Union

Piotr Woźniak 5/10

Risk Management Arun D’Souza 5/10


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ASSESSMENT

Teaching and LearningPart I of the Programme (1st and 2nd semester) carries 120 credits, on the basis of eleven core modules, nine modules worth 10 credits each and two modules worth 15 credits each.

Part II of the Programme (3rd and 4th semester) carries 120 credits, on the basis of twelve core modules and two electives. Eight core modules and two electives are worth 10 credits each. The other four core modules are worth 5 credits each.

Part III of the Programme (5th and 6th semester) carries 120 credits, on the basis of seven core modules and six electives. One of the core modules is worth 20 credits (containing BA Thesis), two of them worth 10 credits each, and four of them worth 5 credits each. Six electives are worth 10 credits each.

Students’ presence in all classes is obligatory. Absence in 3 classes without serious reasons may lead to failing the course. Repeated unexcused absence (more than 3 classes missed) may lead to deleting a student from the Programme by the Deputy Dean. Student can excuse his/her absence due to illness and other serious reasons. All absences must be reported to the Programme Director.

Contact Hours

Each course of 10 credits will require about 100 hours of student workload. This includes: 30 hours of contact time comprising lectures, seminar and consultation 70 hours of individual study, including preparation of course work, presentation, written papers and examination.

Each course of 5 credits will require about 50 hours of student workload. This includes: 15 hours of contact time comprising lectures, seminar and consultation 35 hours of individual study, including preparation of course work, presentation, written papers and examination.

Methods of AssessmentThe accepted methods of assessment include: Examination papers Report on projects Group work Written assignment Case studies Essays Written tests Thesis Project Debates Discussions

Proportion of the assessment methodsFinal examination 20% - 60%Mid-term exam 20% - 30%Case studies, projects, tests 20% - 60%Essays, written assignments 10% - 40%

The Structure of AssessmentPart I-II Semester I,II,II,IV: Assessment of each module will be based mostly on a written examination lasting usually

2 hours or a combination of a shorter examination (1.5 hour) and project/case study paper (2000 words). Additional methods are listed in the course descriptors and in the summary of the assessment methods.

Part III Assessment of each module is mostly the same as in the previous semesters, except for Thesis Project. The thesis should not exceed 10,000 words. Each thesis is marked independently by two members of the tutorial staff of the Programme. Students must obtain a pass on their thesis in order to obtain the BA Degree.

Marking scheme

Students will be assessed by the lecturers during each semester according to the following marking scheme:

British scale Polish scale


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76-100%* 5,5*

70-75% 5,0

63-69% 4,5

54-62% 4,0

49-53% 3,5

40-48% 3,0

0-39% 2

* In the British scale a result ranging from 76% to 100% (in the Polish scale ‘celujący’) is possible to be achieved by such a student who fulfils all the criteria listed below:

1. does scientific research or participates in group research,2. demonstrates outstanding knowledge and skills which are beyond the module content,3. is excellent at an analysis and synthesis of issues,4. doesn’t make any content-related errors.

Degree Criteria

To be awarded BA in Business Economics Degree students must pass all three parts of the scheme. Part I (course work, 120 credits)Part II (course work, 120 credits) 33,3 % of the final gradePart III (course work 100 credits, Thesis, 20 credits) 66,7 % of the final grade

Students will be graded on the basis of University of Wales award of qualifications for the undergraduates. The following table is suggested as a scale for undergraduate awards by University of Wales that the Lazarski University accepts:

Scale Percentage DegreeResult

A 70 – 100 First Class Honours

B+ 60 – 69 Upper SecondClass Honours

B 50 – 59 Lower SecondClass Honours

C+ 40 – 49 Third ClassHonours

C 35 – 39 Pass DegreeF 0 – 34 Fail

Lazarski University will assess students’ work using the above scales established by the University of Wales. One has to consider that the module pass mark is 40%.

A candidate who is admitted to a modular initial degree scheme but is subsequently unable, or is not permitted, to progress to completion may, depending upon the number of credits attained at the appropriate levels at the time of exit, qualify for one of the following awards:

Credits Pursued Candidate may exit the scheme with eligibility for:not fewer than 120 Undergraduate Certificate of Higher Educationnot fewer than 240 Undergraduate Diploma of Higher

Education

Examination PapersFor Lazarski University BA Programme in Business Economics the predominant form of assessment will be written examination papers. Examinations will be conducted according to the norms set out in University of Wales Academic Regulations.


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Examination MarkingInternalAs soon as possible after completion of an examination the answer papers should be passed to the Internal Examiner for marking. The marks awarded for each answer should be shown clearly on the paper. Increasingly it is the practice for papers included in the determination of the class of degrees to be 'double marked', i.e. marked by two internal examiners. Additionally, where possible and practical, consideration should be given to maintaining student anonymity during the internal marking process. When the marking is completed the answer papers should be returned to the course director. Examiners will draw the director's attention to any papers which pose problems. Such papers may include those which are marginal with respect to classification, fails and, very rarely, those suspected of irregularities.

ExternalThe course director will liaise with the External Examiner and agree a selection of papers to be proposed for further scrutiny by the External Examiner and/or Moderator. It is usual for the papers of a student who is marginal with respect to his/her overall classification to be included in such a sample. The External Examiner's and/or Moderator's views should be sought on all marginal students. The precise sample can be agreed with the External Examiner and Moderator but will cover a complete range of student performances. The External Examiner's and the Moderator's views must prevail in any discussion concerning classification of students' performances.

Compensation, re-sitting and repetitionCompensation. Lazarski University students are required to complete successfully the full annual assessment programme before being permitted to proceed to the next year of study. This does not necessarily mean that students are required to pass every individual element of the assessment. In designing a scheme for aggregating a student's marks it is usual to allow compensation for failure in a small fraction of the various elements of the assessment where the remainder of the examined work is of a high enough standard for the overall performance to be adjudged successful.Compensation can also be applied when determining the classification of any final award to be made to a student.If a student fails to pass an elective course, there is a possibility to compensate lacking points provided that the overall average mark is higher than 40%. The compensation is possible only within the number of 4 points on any course. The decision whether to apply compensation or not belongs to the Examination Board. A student can compensate in both core and elective courses.

Re-sit examination.For students who do not meet the compensation criteria there is a possibility to re-sit one examination for each failed course. The grade for that course cannot be higher than 40%. However, if a student fails to pass more than 3 modules during the year, the Deputy Dean/Examination Board may delete such a student from the Programme and may make require him/her to repeat the whole year. The decision of the Examination Board is final. Repetition. The students who are not able to achieve pass in the re-sit may repeat the module. There is a possibility to repeat a maximum of three modules throughout the Programme. The final grade for the repeated course cannot be higher than 40%. Candidates can be allowed to repeat an entire academic year. However, the marks for any modules in the level concerned that were passed have to be forfeited. This cannot be applied to candidates in the final year of their studies.

Examination BoardThe final decision whether a student can or cannot proceed to the next semester/year of study belongs to the Examination Board held usually at the end of each academic semester, which means that Examination Board’s decision with respect to any student is final and cannot be appealed against.

Thesis AssessmentThree reviewers mark the thesis independently: two Internal Examiners and the External one, who is required to review only a sample of theses.

Right of AppealStudents have the right of appeal in accordance with the University’s “Verification and Appeals Procedure”.

Unfair practise

All procedures applying in the case of candidates found guilty of unfair practise can be found in University of Wales Unfair Practise Procedure.

STUDENTS

Lazarski University accepts Bachelor’s degree candidates on the basis of their secondary education achievements and the interview with the Director of BA Programme in Business Economics. For applicants whose first language is not English, certificate of proficiency in the English is required.


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The required documents are: Original or certified true copy of second level diploma (A-level certificate or appropriate local equivalent) translated into

English by a sworn translator Original or certified true copy IELTS, Cambridge Advanced/ Proficiency, TOEFL scores, for applicants whose first

language is not English 2 recommendations letters from academic teachers in English

To be eligible for admittance to study, a candidate shall have attained the age of 17 years or over at the time of entry.

SOCRATES/ERASMUS STUDY IN BABE PROGRAMME

There is a possibility for BABE students to take a part in S/E study, however that may result in prolonging a BABE studies for the whole year. Detailed information may be found in the Rules and Regulations of BA and MSc Programmes


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QUALITY ASSURANCE

The ultimate responsibility for Quality Assurance rests with the Rector. It is exercised through a series of committees and additional measures which ensure that everyone from professors to students is involved in the process.

Internal Validation Procedures(1) Rectorial Board (Senate)

Duties: To oversee the general running of the Institution and to ensure that proposed alterations of academic programmes are fully discussed and agreed before implementation. To consider any other matter of relevance to its members.

The Rectorial Board comprises the following members:RectorVice RectorsDeans of the Faculties of Economy and Management; LawHeads of DepartmentsRepresentatives of the ProfessorsRepresentatives of junior Faculty staffRepresentatives of AdministrationRepresentatives of Students

Meetings: At least once a semester

(2) Board of each Faculty Duties: Faculty Board is an equivalent of the Senate on the level of the Faculty.

Membership:Dean and his deputies (among them Course Director)Heads of DepartmentsSenior doctors (with “habilitation”) employed at the FacultyRepresentatives of junior Faculty staffRepresentatives of Students

Meetings: At least once a semester

(3) BA in Business Economics Board Duties: To oversee running of the Programme (Course) and to propose alterations.

Dean of the Faculty of Economics and ManagementProgramme DirectorFaculty teachers in the Programme

Meetings: At least twice a semester

(4) Staff – students meetings Programme DirectorFaculty teachers in the ProgrammeStudents of the Course

Meeting: At least once a semester

(5) The Examination Board Duties: To review the marks of individual students following his/her final exam and to make the decision on granting the degree at the end of the programme

MembershipProgramme DirectorInternal ExaminersExternal Examiners

Meetings: At least once a year

(6) Joint Board of Studies Duties: to review the Programme and to accept or reject propositions of Programme and staff changes.

MembershipProgramme DirectorModeratorExternal Examiner


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Representative of the Validation UnitThree teachersOne student representative

Meetings: Once a year

The DeanThe overall responsibility lies with the Dean of the Faculty of Economics and Management. The Dean remains in regular contact with the Heads of Department attached to their Faculties. The Dean has a specific responsibility to review the performance of all his/her staff every two years. He supervises the work of the Programme Director.

Programme DirectorThe Programme Director, reports directly to the Dean of the Faculty of Economics and Management. He is responsible for the Course content, structure and organization. He maintains contact with the teaching staff and the students to assure the proper quality of the teaching and learning process. He arranges BA Board and Examination Board meetings. He keeps in touch with the moderator and the external examiner, and maintains contacts with the Validation Unit of the University of Wales.

Students’ Programme EvaluationStudents are encouraged to talk to both their own lecturers and the Programme Director regarding any problems or complaints they may have with delivery of any course. At the end of each semester, they are obliged to complete a questionnaire on each course. These questionnaires are regularly reviewed by the Programme Director and by the Dean of Economics and Management Faculty.

Staff Appraisal SchemeThe Dean of the Faculty reviews any staff changes proposed by the Programme Director. In general, direct responsibility for staff appraisal rests with the heads of departments and through them with the Dean of the Faculty. Ultimate responsibility rests with the Rector.

The Head of Department calls regular evaluation meetings of lecturers employed in the Department and sets the performance objectives of the unit. The Head reviews the syllabi, discusses the content of the courses, visits the classes taught by junior staff and provides feedback about performance. He/she also acknowledges the achievements and reacts in case of students’ complaints.

Each Faculty has also a Committee for Staff Appraisal which reviews teachers’ performance by reviewing it every two years. The evaluation process concerns the following:

research and publication teaching performance activities in professional associations and organizations student evaluation.

The Rector additionally collects information about the academic staff from the Student Union and from the Deans who receive feedback on the academic performance of the staff from the heads of departments and the students. The results of lecturer’s overall assessment constitutes the basis for reward, promotion or dismissal.


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COURSE DESCRIPTORS

Mathematics

LEVEL SEMESTER CODEI I

PREREQUISITESNone

UNIT COORDINATORMaciej Malicki, Ph.D.

TEACHING METHODThe course will be run in the form of lectures and discussion sections (supplementary course).

ASSESSMENT50%- final exam, 20%- mid-term exam given in mid November, 30%- at least 10 in-class quizzes given during discussion sections.

COURSE DESCRIPTION The goal of this course is to make student familiar with basic mathematical tools used in economy and business. Topics include sets, functions of one and several variables, matrix algebra, an introduction to the derivative and integral. Some basic connections with economics will be presented, e.g. The production function, the logistic function, the Leontief input-output model, consumer surplus, etc.

COURSE LEARNING OBJECIVES

1. Understand and apply the notion of a set and basic operations on sets;2. perform matrix operations, reduce matrices to row echelon form, solve systems of linear equations, use the Leontief

input-output model to solve real world problems;3. know the definitions of a function, continuity and limit, sketch graphs of elementary functions, such as polynomial,

trigonometric and exponential functions;4. define and use the derivative of a function, understand geometric and physical interpretations of the derivative,

calculate and apply derivatives to find extreme points;5. know economic applications of the derivative such as marginal analysis and elasticity of demand;6. understand the concept of the definite and indefinite integral, have mastered basic techniques of integration such as

substitution and integration by parts;7. understand the notions of a partial derivative of a function of several variables, gradient, level curves, extreme points

and constrained extreme points.

COURSE TOPICS Sets Matrix algebra and systems of linear equations Functions, limits, and continuity Derivative of a function of one and several variables, and its connection with extreme points Introduction to integration

Required textbook: S. Warner, S. R. Costenoble, Finite Mathematics and Applied Calculus (Thomson, Brooks/Cole)

ATTENDANCE AND IN-CLASS DISCUSSION Attending classes is required.

PERFORMANCE EVALUATION Your performance in this course will be evaluated on the basis of your results on quizzes given at the beginning of

discussion sections, and your scores on mid-term and final examinations.

Instructor reserves the right to make changes to this syllabus as needed.


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Introductory Microeconomics


PREREQUISITESNone

UNIT COORDINATORJarek Neneman, Ph. D.

TEACHING METHOD30 hours, 80% lectures, 20% discussions

ASSESSMENTStudent performance on short test and final exam (1.5 hours) will constitute the basis for the final grade. Grading: tests (40%) and final exam (60%).

AIMSDoes quantity go down always when price goes up? Is price discrimination good for poor customers? Are children inferior goods? Why restaurants are open in the afternoon when they are making a loss? In order to analyse these types of questions this course aims to provide a basic understanding of the concepts of microeconomics including demand and supply; workings of the price mechanism; the role of income and price in the demand for goods.

CONTENT1. Introduction to economics2. Thinking like economist3. The market forces of supply and demand4. Elasticity and its applications5. Supply, demand and government policies6. Consumers, producers and the efficiency of the markets7. The cost of production8. Firms in competitive markets9. Monopoly10. Game theory11. Oligopoly12. Monopolistic competition13. The market for the factor of production14. Externalities15. Public goods

LEARNING OUTCOMESAt the completion of the module participants should be able to· understand conceptual framework for thinking about economic issues and problems;- to apply this framework to real-world events and policy issues.

TEXTBOOK AND READINGMain textbook: G. Mankiw, Principles of Microeconomics


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Introduction to sociology


PREREQUISITESNone

UNIT COORDINATORDr Jaroslaw Jura

COURSE DELIVERY30 hours, 67% lectures, 33% discussion

ASSESSMENTFinal exam (2 hours) 60%, essay 20%, 4 short in class exams 20% (5% each)

COURSE DESCRIPTION AND AIMS The aim of the course is to provide students with knowledge about sociological concepts, which may be useful for future economist. Although the most rudimental classical theories are to be mentioned, stress will be put on the contemporary social features influencing strongly economic situation and selected socio-economical problems of globalizing world. Thus student will not only learn basic sociological glossary, but, what is even more important, shall be able to understand how social factors influence the economic situation in contemporary world.

CONTENT1. Beginnings of sociology as a social science.Giddens, Chapter 12. Social nature of “homo sapiens”. Biological fundaments of human being. Sociology versus ethology and socio-biology. Recommended reading: Edward O. Wilson: On human nature, Chapter 2 and 73. Ambivalences of needs and requirements.Recommended reading: http://www.emotionalliteracyeducation.com/abraham-maslow-theory-human-motivation.shtml4. Decision making, exchange theories. Recommended reading: George C. Homans, 1958, Social Behavior as Exchange, The American Journal of Sociology, Vol. 63, No. 65/6. Socialization, interaction and identity.Giddens, Chapter 6Peter Berger, Thomas Luckmann Social construction of reality,7. Society and Culture 8. Classical concepts of social structure (micro, mezzo and macrostructure) and social class. Are they still relevant in contemporary world? Bourdieu Pierre, 2007, Distinction: A Social Critique of the Judgment of Taste, Harvard University PressGiddens, Chapter 99. Social institutions and bureaucracy.Giddens, Chapter 16 Recommended reading: A. M. Henderson, Talcott Parsons, Max Weber, 1947, The Theory of Social and Economic Organization, Oxford University Press, pp 324 – 34110. The changing world – globalization, transformation, hybridization etc. – new concepts for new era.Giddens, Chapter 2Recommended reading: Jan Nederveen Pieterse, 2006, “Globalization Goes in Circles: Hybridities East – West” in: D. Schrimer, G. Saalmann, Ch. Kessler (eds.), Hybridising East and West, LIT, Berlin, pp 21-3211/12. Changing family and gender role.Giddens, Chapter 7 and 1213. Internet influence – virtual society Giddens, Chapter1814 Multidisciplinary approach - towards the unity of social sciences.

LEARNING OUTCOMES

On completion of this module a student should be able to: 1. recognize and analyze some basic sociological concepts2. understand similarities and differences between sociology and economics3. understand how social features influence economic situation of contemporary world

TEXTBOOKA. Giddens, Sociology, Blackwell, 2001


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http://www.emotionalliteracyeducation.com/abraham-maslow-theory-human-motivation.shtml


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Current Issues of the European and Global Economy


PREREQUISITESNone

UNIT COORDINATORProf. Wojciech Bienkowski

TEACHING METHOD30 hours, 70% lectures, 30% group work, case studies, problem sets

ASSESSMENTExam (1.5 hour) 60%, group work/presentation 40%

AIMSTo provide students with knowledge of European integration and globalisation (theory and practise). This course will analyze major issues with respect to international movements of goods, services, capital and people in the era of globalisation. The course will also address some aspects of economic growth and development such as a problem of efficiency or competitiveness of different socio-economic models, the role of government in conducting economic policies and some ecological challenges which may force us to restructure some of our priorities

CONTENTEconomic integration and globalisation as natural phenomenon of development-old and new determinantsEconomic, Political and Social Consequences of Integration and GlobalisationInternational economic institutions (IMF, World Bank, WTO) and its impact on globalizationMultinational corporations and capital groups as new powerful actors in global economyEuropean Monetary Union, Euro, European Central BankEuropean enlargement and its impact on Poland and her economic growth and competitivenessFinancial crises and its impact on small and midsized countries like Poland

LEARNING OUTCOMES

The course will provide the participants with:- the background to understand the opportunities and challenges posed by a rapidly changing international economic environment - basic tools to analyze and understand European integration and globalisation- understand economic aspects of more integrated world economy and the choises the government have to make to make their economies competitive

READING MATERIALHigh quality survey articles of academic publications such as the International Journal of Social Economics.Students will have to analyze and critically assess material published in weekly and daily publications such as The Economist, The Financial Times, BusinessWeek Fortune or Forbes

RECCOMMENDED READINGCharles W.L.Hill “Global Business Today “McGraw Hill International Edition 2008, or “International Business .Competing in the

Global Market Place” McGraw Hill.International Edition , 2007 related chapters

Supplementary readings:”

The World competitiveness report” IMD.Lausanne,2009-06-29

Poland: Competitiveness report 2009” World Economy Research Institute”.WSE, Warsaw, 2009

R. Piasecki, M. Wolnicki, “The Evolution of Development Economics and Globalization”, International Journal of Social Economics, London – New York, March 2004.

J. Bhagwati, In Defense of Globalization, Oxford 2004.J. Stiglitz, Globalization and its Discontents, New York & London, 2005.


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Academic Writing

LEVEL SEMESTER CODEI I/II

PREREQUISITESLevel of English – B2.

UNIT COORDINATORPiotr Kłossowicz, MA

LEARNING APPROACH 60 hours during two semesters, 30 hours each semester. Solving exercises, short lectures, analysing longer essays and others texts (which students are expected to read at home), discussion, depending on the content of each class.

ASSESSMENT Course requirements for the 1st term: mid-term test (30%), 1,000 word essay (10%), summary of a long essay(10%), end-of-term test (50%),

Course requirements for the 2nd term: four in-class essays (20%), two 1,000-word essays (20%), 2,000 word final essay (20%), end-of-term in-class essay (40%).

AIMS This course will help students to participate actively in all forms of written assessment made in English – especially to write examination papers and to prepare dissertation.

CONTENTThe course will focus on two activities: preparing & writing an essay and reading model essays. Preparing for writing an essay. Students will practise a variety of exercises. These will range from error correction to paraphrasing, depending on the content. The following issues will be covered: A) punctuation (participle clauses, defining & non-defining relative clauses, subordinate clauses, indirect speech, etc.) B) linking words C) avoiding repetition as opposed to repetition for emphatic purposes D) emphatic sentences & inversion. E) paragraph & outline of the essay, sequencing ideas F) personal & impersonal tone G) formal register and its characteristics H) quotations, footnotes and & dealing with sources Students will write essays twice a month. Apart from that, they will prepare longer essays for the end of the course. It will be guided work and they will be required to produce outline for a specific date and the essay a week before the end of the term. Students will read essays in order to summarize them, both during classes and as written tasks. These summaries will make them aware how to focus on the main ideas of the text. Students will also be asked to prepare outlines for these essays as well.

LEARNING OUTCOMES On completion of the module students will be able to write papers and essays in English on variety of topics and be able to do short research.

TEXTBOOKSHogue, A., Oshima, A., Writing Academic English, Addison Wesley, 1991Jordan, R.R., Academic Writing Course, Longman, 2002Macpherson, Robin, English for Academic Purposes, Wydawnictwo Naukowe PWN, Warszawa, 2004 Handouts.


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Introduction into Business


PREREQUISITESNone

UNIT COORDINATORDr Łukasz Konopielko

COURSE DELIVERY30 hours (lectures 30%, empirical case studies 30%, economic games 30%, discussion 10%)

ASSESSMENT Case study presentation – 30%; economic game preparation 20%, final exam 50%,

BRIEF DESCRIPTIONDuring this course students are introduced to general business principles that they can apply to their everyday lives. Through hands-on activities, tasks and projects, students will explore the basic principles of management and economics. The course will try to give a practical introduction into business activity by seeking to explore available cases of business practice as well as identifying links between economic theory and business reality.

AIMSPrimary, this course will attempt to introduce students into business practice by allowing them to address real business problems in everyday life. Secondly it will also attempt to create experiments in order to illustrate basic economic principles. The main aim is to equip students with necessary learning skills which will prove useful for applying economic concepts to interpret real-world phenomena in business

CONTENT Introduction. How far is economic theory from business practice? Applied economy and its applications. Market

Experiments: the laboratory versus the classroom. Data collection and analysis. Methods of data collection for business purposes. Principles of market - experiments related to demand curve, marginal utility, market clearing and auctions. Market structure and behaviour – case study of selected examples of various structures and experiments relating this topic.

Experiments related to pricing systems. Role of marketing and advertising. Enterprise – structure, major indicators, general characteristic. How to value company? How to read financial statements?

Experiments linked with coordination problems. Fixed versus variable costs in practice – does it work? Business case – an economic side of business projects Business plan – where theory meets reality. Case study: In search of your own business. Input markets. Labour and capital markets. Experiments and cases relating discriminatory hiring practices, human capital

value and stock exchange. Business environment. Taxation, economic growth, trade liberalization, globalisation and their influence on business. The

underlying concepts of international business, the nature and evolution of the multinational enterprise and international business strategies.

LEARNING OUTCOMESUpon completion of this course, students will be able to: Identify and interpret economic processes in surrounding world Understand the breath and scope of business Design and run economic experiment Understand and explain the power of economic theory Illustrate economic principles by real cases. Understand the nature of firm, business-plan and financial statements. Learn how to tackle business problems Critically examine business trends and relate them to the underlying economic concepts.

TEXTBOOKS J. Sloman, K.Hinde, Economics for business, 4th edition, (Harlow, FT Prentice Hall, 2007).

RECOMMENDED READING.D. Friedman, A. Cassar, Economics Lab, (London, Routledge, 2004)


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M. Wittzel, Management: the basics (New York, NY, Routledge, 2004)

S. Levitt and S.Dubner, Freakonomics : a rogue economist explores the hidden side of everything (New York : William Morrow, 2006)

Rugman, A., S. Collinson; International Business, 4th edition, (London, Prentice Hall, 2006)


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Introductory Macroeconomics

LEVEL SEMESTER CODEI II

PREREQUISITESIntroductory Microeconomics, Mathematics

UNIT COORDINATORDr. Andrzej Kondratowicz, Associate Professor

COURSE DELIVERY

30 hours of lectures supplemented by 45 hours of problem solving and other exercises/discussions

ASSESSMENT

Apart from the final and midterm exams, short quizzes checking student’s preparedness will be administered. Quality and timeliness of homework assignments, as well as student’s active participation in class discussions will also be taken into consideration.

Exact split of the above elements will be as follows: 40% = Final exam 20% = Midterm Exam 20% = In class short quizzes 20% = Homework assignments and in-class performance

AIMSTo provide students with knowledge of introductory macroeconomics. To make them familiar with basic macroeconomic categories, mechanisms, and models. To provide them with basic quantitative methods to analyse economy.

CONTENT1. Subject of macro-analysis and stylized macroeconomic facts2. Measurement of economic activity and its outcomes – circular flow of goods and services and social accounting 3. Introduction into long run macro-analysis4. Factors of production. Macroeconomic production function. 5. Labor and labor market. 6. Money and Banking7. Short run macro: simple Keynesian Model. Multiplier analysis8. IS-LM model (closed economy, graphical exposition)9. Role of the government – economic policy in the short run

LEARNING OUTCOMES

On completion of this module a student should be able to: Define and measure main macroeconomic categories Identify main sectors of an economy and flows between them Measure the economic flows [national/social accounting] Know what an economic model is and how to build and handle one. Understand the basics of comparative statics analysis and use simple maths for multiplier analysis Distinguish between short and long run analyses and models Know the determinants of output in the long run. Know the basics of short run fluctuations: understand and be able to use the basics the simple Keynesian [algebra and

graphic exposition] and the IS-LM model [mostly graphical exposition and analysis] – both in closed economy version) Describe and know how to measure the effects of basic types of macroeconomic policies in the short run Find, retrieve and process reliable, high quality primary macroeconomic data from the internet sources

TEXTBOOK

N. Gregory Mankiw, Principles of Macroeconomics, South-Western College Pub; 5 edition (2008) [earlier editions acceptable]Supplemented by:Robert Hall, John Taylor, Macroeconomics: Economic Growth, Fluctuations, and Policy, W.W. Norton and Co., New York and London – editions from 3 up acceptable [only specific fragments of Part I, i.e. Fundamentals of Macroeconomics will be


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assigned; attention: ed. 5 has tthree authors: Robert E. Hall, John B. Taylor, David Papell, while starting with edition 6 (2004) again two: Robert E. Hall & David Papell]

ADDITIONAL READING

Students may want to consult any other of many available quality textbooks in macroeconomics (basic level) – consult lecturer for more information; one suggested text would be Gwartney, Stroup, MacPherson, Sobel, Economics. Private and Public Choice, South-Western College Pub. any post-2000 edition.

During the course many quality internet sources of information and primary data will be identified and used – both European and American.


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http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_3?_encoding=UTF8&sort=relevancerank&search-type=ss&index=books&field-author=David%20Papell

http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_1?_encoding=UTF8&sort=relevancerank&search-type=ss&index=books&field-author=R.%20Hall

http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_3?_encoding=UTF8&sort=relevancerank&search-type=ss&index=books&field-author=David%20Papell

http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_2?_encoding=UTF8&sort=relevancerank&search-type=ss&index=books&field-author=John%20B.%20Taylor

http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_1?_encoding=UTF8&sort=relevancerank&search-type=ss&index=books&field-author=R.%20Hall

Introduction into Economic Analysis

LEVEL SEMESTR CODEI II

INSTRUCTORDr. Maciej Krzak, [email protected]: Maciej Krzak, Gr1/ Maciej Malicki, Ph.D., Gr2

COURSE DELIVERYLectures: 45 hours Discussions: 45 hours

Lecture: Room 567, Wednesday 10:10 – 13:15Office Hours: Room 265, Tuesday 14:00 – 15:00

ASSESSMENTComprehensive final exam: 60%; midterm – 20%; four/five quizzes – 20%

GRADING POLICYI will apply the grading scale published in the Students’ Handbook (p.10). Cheating and plagiarism will be prosecuted. Three absences will automatically cause a report to Programme Director and may result in a grade incomplete in the course.

HOW TO SUCCEED IN THE COURSEIt is a hard class because of mathematics used. You should study systematically and solve problem sets that are at the end of each paragraph of Chiang’s book. However, this may prove insufficient. Your TAs will provide you with more examples. You should discuss your homework with the TAs. Do your homework independently to be sure that you understand the material covered.

BRIEF DESCRIPTION and AIMSThis course is an overview, how you can use mathematics to solving economic problems. We will discuss static (equilibrium) analysis and comparative static analysis in micro- and macroeconomic context. We will examine, how marginal analysis is used as a tool in decision-making process. The course will show building blocks of basic models that are in common use by scores of economists thousands of times per day. Since you have had a basic microeconomics course so far, most of our examples will refer to this part of economics. However your learning of macroeconomics will be in progress during this semester, which will render the opportunity to venture into this territory, mostly in the second part of the course. We will discuss models of macroeconomic policy in a formal mathematical setup.

CONTENT Static Equilibrium Analysis Economic Reasoning and Analysis, McAffee chapter (ch.) 1 Partial Market Equilibrium – A Linear Model Chiang ch. 3, McAffee ch. 2 General Market Equilibrium – Two- and N-Commodity Case, Chiang ch. 3 Keynesian National-Income Model, Chiang ch. 3.5 Linear Algebra – Vectors and Matrices: Chiang, ch. 4 Cramer’s Rule – Chiang, ch.5 Keynesian model Linear IS-LM Model: Government Policy in a Closed and Open Economy, ch. 5.6 Leontief Input-Output Model, ch. 5.7

Comparative-Static Analysis (comparing equilibria) Revision (your responsibility) of derivatives - ch. 6 Derivatives of functions of many variables – ch. 7 Applications of derivative rules into economics, e.g. Marginal and Average Revenue and Cost Functions – ch. 7.2 Comparative-Static Analysis of Basic Models – ch.7.5MIDTERM (March 31) Differentials and Point elasticity – ch. 8.1 and 8.2 Comparative Statics of General-Functions Model – Total Differentials and Derivatives. Derivatives of Implicit Functions, ch. 8 Linear IS-LM Model Revisited ch. 8.6 Optimization as a Variety of Equilibrium Analysis: Profit and Cost Functions ch. 9.1 – 9.4 Attitudes Toward Risk - ch. 9.3* Optimization of Functions with Many Variables – Chiang ch.12.1 Utility Maximization and Consumer Demand; Lagrange Multipliers ch. 12.5

COMPREHENSIVE FINAL EXAM


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LEARNING OUTCOMESBy the end of the course students will be able to: Understand the concept of partial and general market equilibrium To use comparative static analysis and grasp its limitations Apply different approaches to comparative-statics of general-function models (total derivatives and total differentials and the

implicit-function rule) Apply comparative static-analysis to basic economic models such as: partial and general equilibrium models, simple

Keynesian models, IS-LM model, Ricardian Equivalence Understand how optimization techniques are used by economists in the context of comparative-static analysis, e.g. in the

consumer choice model

TEXTBOOKS Alpha Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, McGraw Hill, 4 th Edition, 2005 (chapters 3 through 9)

Additional reading for aficionados:R. Preston McAfee, Introduction to Economic Analysis, R. Preston McAfee Publisher, 2006, ISBN: 978-1-6004-9000-2, free for a download in the Internet

*) if time lets


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Economics of Integration



TEACHING METHOD30 hours (lectures 60%, paper presentation 30%, discussion 10%)

ASSESSMENT Final examination 50%; mid-term 30%; paper 20%.

BRIEF DESCRIPTIONThe course will cover most important issues in economic integration as present current issues global economic integration Both theoretical base and practical application of integration policy will be included. The stress will be put on the European Union’s integration as the biggest and most powerful integrating bloc in the world. The course will, however, include also issues specific for integration in other parts of the world.

AIMSThe course is intended to get the students acquainted with the economic and political reasons and effects of international economic integration. Moreover, is should allow to apply basic concepts of macro- and microeconomics to integration process analysis as well as identify major effects of economic integration.

CONTENT Concept of economic integration and its stages (free trade area, customs union, common market, monetary union,

political union) Reasons for creation of integration blocs Differences and similarities of the biggest integration blocs (EU, EFTA, NAFTA, MERCOSUR) Mechanism of economic integration – theoretical approach (static and dynamic effects) Integration blocs – discrimination of the third countries? (GATT/WTO rules for integration blocs) Role of integration blocs in international trade Rules for functioning of the EU as the biggest integration bloc (common legal system, common policies, common

institutions) Prospects for deepening of European integration Integration in practice – cohesion policy, development funds, outsourcing, migrations.

LEARNING OUTCOMESBy the end of the course students will be able to: Recognise and discuss basic economics rationale for integration Identify major economic blocs and key drives of their integration. Understand and interpret economic effects of integration. Discuss prospects for further European and global integration . Trace role and mechanism of integration institutions and instruments (financial and non-financial). Identify processes caused by integration.

TEXTBOOKS Molle, W. The economics of European integration: theory, practice, policy, 5 th ed. (Aldershot, England ; Burlington, VT : Ashgate, 2006).

RECOMMENDED READINGNeal, L. The economics of Europe and the European Union, (Cambridge ; New York : Cambridge University Press, 2007).K. Anderson, R. Blackhurt, (ed.) Regional Integration and the Global Trading System, (GATT Secretariat, 1993).Ali M.El-Agraa – The European Union, ( Prentice Hall 2004).McCarthy, D. International economic integration in historical perspective, (London, Routledge, 2006)


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Information Technology


PREREQUISITESNone

UNIT COORDINATORW. Grabowski, M.Sc

ASSESSMENTFinal exam 50%, 5 quizzes 50%

AIMSThe aim of these lectures is to prepare students for creating various documentation (research, financial or statistical reports, university theses, etc.) by effective working with different computer programs.

CONTENT Preparing database in Microsoft Excel - The idea of database is presented for students. Students obtain information

how database for economic analysis shall be prepared. They are given database with non-numerical data in the case of qualitative variables and they rearrange this database in a such way that numerical values are in all cells. Students prepare database in order to be appropriate for panel data analysis.

Graphical methods of presentation data- Students are given information concerning preparing graphs. Graphical methods of presenting qualitative data, quantitative data, time series and stock exchange data are explained. Methods of drawing pie charts, bar graphs, scatter plots and linear graphs are exercised.

Logical, address and database functions in Microsoft Excel- Various function are shown and students are given exercise, in which they have to use these functions.

Mathematical functions in Microsoft Excel-Mathematical functions are presented in Excel. Students solve simple mathematical exercises.

Mathematical calculations in Microsoft Excel- Students solve more advanced mathematical problems (for example solving integrals) using Microsoft Excel.

Financial analysis in Microsoft Excel- Basic financial functions are explained and basic categories concerning financial analysis are calculated.

Visual Basic in Microsoft Excel-Simple programmes are written in VBA. Students are given exercises, in which they have to facilitate a work in sheet after using Macro.

Microsoft Access I- Microsoft Access database is presented. Students are shown, how this database shall be prepared. Microsoft Access II- Further work with Microsoft Access. Mathematical expressions, graphs and tables in Microsoft Word- Students are presented how texts with mathematical

expressions, graphs and tables shall be prepared in Microsoft Word. Microsoft Power Point I- Idea of Microsoft Power Point is presented and basic functions are shown. Microsoft Power Point II- Students conduct simple research and present the results using Microsoft Power Point

LEARNING OUTCOMESOn completion of this module students should be able to:

- manage their own file sources,- prepare and format text,- make calculations and present its graphic results,- create simple database,- prepare work/project presentation.

TEXTBOOKCustomGuide Inc, Word 2003 Personal Trainer (O'Reilly)CustomGuide Inc, Excel 2003 Personal Trainer (O'Reilly)CustomGuide Inc, Access 2003 Personal Trainer (O'Reilly)CustomGuide Inc, PowerPoint 2003 Personal Trainer (O'Reilly)

Intermediate Microeconomics

LEVEL SEMESTER CODEII III


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PREREQUISITESIntroductory Microeconomics


TEACHING METHOD30 hours, 80% lectures, 20% problem sets

ASSESSMENTStudent performance on short test, home assignments and final exam (1.5 hours) will constitute the basis for the final grade. Grading: tests (40 %), and final exam (60%).

AIMS

The aim of this course is to give students the conceptual basis and the necessary tools for understanding modern microeconomics at the intermediate level. This course makes some use of calculus.

The course covers three broad areas:

the theory of the consumer the theory of supply (including monopoly) general equilibrium and welfare

LEARNING OUTCOMESOn completion of this module students should be able to: understand the consumer behavior and choice, including choice under uncertainty understanding the behavior of the firm understand how market structure affects price and output distinguish between partial and general equilibrium models

CONTENT1. Theory of consumer2. Theory of firm3. Market structure4. General equilibrium and welfare economics

TEXTBOOKSMain textbook: Varian, H. (2002), Intermediate Microeconomics, 6th ed.Supplementary textbooks: Nicholson, W., Intermediate Microeconomics, 9th ed. R. Pindyck, Rubinfeld D., Microeconomics, 6th ed.


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Issues in Macroeconomic Policy


PREREQUISITESIntroductory Macroeconomics

UNIT COORDINATORDr. Maciej Krzak

TEACHING METHOD30 hours, 60% lectures, 40% group work, student presentations, discussions

ASSESSMENTExam (1.5 hour) 60%, discussions and presentations (40%)

AIMSMacroeconomic theory as well as policy has been the subject of an often heated debate. This course will first revise general macroeconomic course and subsequently focus on specific aspects of macroeconomic models as well as debates among economists concerning economic policy. On the monetary policy side, the actions by the Fed or the ECB are frequently commented upon by political leaders. On the fiscal policy side, the failure by governments to limit public deficits and debt has caused a lot of controversy among economists. These issues will be illustrated by the European Stability and Growth Pact. Other issues addressed will focus on trade imbalances, outsourcing and the effects on wages and income distribution, structural reforms and short-run and long-run views about economic growth and competitiveness. During the course, different economic models and schools of thought are introduced in order to highlight the consequences of alternative economic policies.

CONTENTGeneral revision of basic macroeconomic courseMacroeconomic policy, inflation, unemploymentMonetary Policy: Inflation, the role for the ECB, the FED and other central banksFiscal Policy and Macroeconomic performancePublic Deficit and Debt sustainabilityThe European Stability and Growth PactThe Reform of the Public Sector: Social Welfare, privatization.

LEARNING OUTCOMESAt the completion of the module participants should be able to:- explain key macroeconomic terms, analyze major macroeconomic trends and aggregates.- define and distinguish different policy approaches to assess the impact and efficiency of alternative macroeconomic reforms.- critically assess the potential benefits, but also the limitations of macroeconomic policies.- apply and assess alternative macroeconomic theories to real world problems and analyze and conceptualize economic policies in changing institutional frameworks.

READINGThe review of key macroeconomic issues will be based on parts H,I and particularly J and K of J. Sloman&K.Hinde “Economics for Business” 4th ed (2007, Pearson Education Ltd) and Gregory N. Mankiw Macroeconomics Following this students will be required to read a set of articles from major economic journals, adjusted for current economic issues as required.

1. Introduction

*Gregory Mankiw, “The Macroeconomist as Scientist and Engineer”, JEP, 2006.

2. Monetary Policy, Inflation, the role for the ECB and the Fed

*Ben Bernanke and Frederic Mishkin, “Inflation targeting”, JEP, 1997.

3. Fiscal Policy and Macroeconomic performance

*Robert Barro, “Are government bonds net wealth?” JPE, 1974.*William Vickrey, “Fifteen fatal fallacies” Proc.Nat.Acad.Science, !998.


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4. Private Savings, Public Deficit and Debt Sustainability

*John Tatom, “Not all deficits are created equal”, Financial Analysis Journal, 2006.*Martin Feldstein, “The return to saving”, Foreign Affairs, 2006.

5. The Reform of the Public Sector: Social Welfare vs. Workfare (Flexicurity)

*Robert Moffitt, “The negative income tax”, JEP, 2003.

6. Wages and Outsourcing*Amartya Sen, “Global Justice”, in Inge Kaul et al, eds., Global Public Goods, (Oxford University Press), 1999.Lester Thurow, “Do only economic illiterates argue that trade can destroy jobs and lower America´s national income?”, Foreign Affairs, 2004.*Alan Blinder, “Offshoring: The Next Industrial Revolution?”, Foreign Affairs, 2005.

7. International competitiveness*Richard Freeman, “Are your wages set in Beijing?”, JEP, 1996.*Richard Freeman, “People Flows in Globalization”, JEP, 2006. *Paul Krugman: “Can America Stay on Top?”, JEP, 2000.


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Mathematical Economics I


PREREQUISITESMathematics (calculus, integrals and logarithms), Introduction to Economic Analysis

UNIT COORDINATORDr. Maciej Krzak [email protected]

COURSE DELIVERYLectures: 28 hours Discussions: 14 hours (with the lecturer))

Lecture: Room 13, Thursday 12:20 – 14:20

Office Hours:t. b. d.

ASSESSMENT Final comprehensive exam 60%Quizzes (4) 20%Homework (problem sets) 20%

GRADING POLICYI will apply the grading scale published in the Students’ Handbook (p.10). Cheating and plagiarism will be prosecuted. Three absences automatically qualify for the grade incomplete in the course. I will report them to the Dean’s office.

BRIEF DESCRIPTION and AIMSThis course will extend your knowledge, how to use the mathematical tool-kit in economic applications. It will supplement Introduction to Economic Analysis, in which you should have learnt comparative statics, with the introduction to dynamic analysis, i.e. with the analysis over time. You will learn, among others, how to compute value of money in time; how to evaluate the profitability of investment projects and how long you should store wine or when it is optimal to chop the trees. We will also study how economies grow in simple setups, when there is only one input or two inputs. Finally, we will discuss how we can model a dynamic market model and what conditions on its parameters have to be imposed so that the market price converges toward equilibrium over time. We will discuss under which conditions the equilibrium is stable or unstable.

TEXTBOOKS Alpha Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, McGraw Hill, 4th Edition, 2005

For aficionados excerpts from:R. Preston McAfee, Introduction to Economic Analysis, R. Preston McAfee Publisher, 2006, ISBN: 978-1-6004-9000-2, free for a download in the Internet

CONTENT Natural Exponential Functions and the Problem of Growth, Chiang ch. 10. (Natural) Logarithms, Logarithmic Functions and their Application to Calculations of Elasticity and Growth Rates,

Chiang ch.10 Simple Problems of Optimal Timing, Chiang ch. 10. Proper and Improper Integrals, Chiang ch.14 Economic Applications of Integrals - Investment, McAffee ch. 4.3; Chiang ch. 14.5 A Classic Domar Growth Model Chiang ch. 14.6 Continuous Time: First –Order Linear Differential Equations, Chiang ch. 15. Dynamics of Market Price, Chiang ch. 15.2 The Qualitative-Graphic Approach 15.6 Solow Growth Model, Chiang 15.7


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LEARNING OUTCOMESBy the end of the course students will be able to:

Use rudimentary dynamic analysis Understand and apply the concept of time value of money Take into account time in the economic analysis Learn how to cope with uncertainty in investment decisions Solve linear differential equations Understand neoclassical growth model in a continuous time frame


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Statistics


UNIT COORDINATORProf. dr hab. Krystyna Iglicka

TEACHING METHOD60 hours (lectures: 30 hours, classes 30 hours). Classes based on problem solving, case studies and presentations.

ASSESMENTShort tests/quizzes during the semester ( 8 tests X 5%, 5% students’ presentations – 50%, 50% final exam). Students’ active class participation.

AIMSThe aim of this course is to learn basic statistical concepts in business, economics, and the other social sciences. Therefore a course offers a balanced presentation of fundamental statistical theories and methods, along with practical advice of their effective application to real-world problems. Beyond simply teaching of the methods, a primary objective of the course is to improve students’ ‘statistical thinking’ abilities in order to promote their beneficial use in practice.

COURSE DESCRIPTION AND OBJECTIVESStudy of the methods of probability and statistical inference including; data acquisition and management, data patterns and summary measures for data, basic probability concepts, discrete and continuous random variables and their distributions, sampling distributions, confidence intervals, hypothesis test, time series analysis and index numbers.The methods to be covered have been selected for their relevance to managerial decision making and problem solving and to other courses in the English track curriculum at Lazarski University.

CONTENT Data acquisition and management (data sets and data sources, various kind of data observation, data collecting, errors in

data sets); Data patterns (displays of qualitative and quantitative data, displays of bivariate data, frequency distributions, data models

and residual analysis, misleading graphic presentations); Data summary measures (measures of position, measures of variability, measures of skewness) Basic probability concepts (random trials, sample space and events, probability distributions, basic probability theorems, Probability distributions for discrete random variables: Poisson and binomial) Probability distributions for continuous random variables: normal distribution); Statistical sampling (populations, censuses and samples, simple random sampling for finite and infinite population, sample

statistics and population parameters Estimation and testing (point estimation and sampling distribution of x and selected other parameters, interval estimation

of selected parameters of population, tests for population parameters); Time series analysis and index numbers (time series, price and quantity indexes).

LEARNING OUTCOMESAs a result of this course, the students will be able to:1. Generate and use basic graphical and numerical descriptive methods;2. Apply basic estimation and testing procedures;3. Use basic methods of the analysis of correlation;4. Conduct simple and multiple regression analyses;5. Apply dynamic analysis;6. Critically evaluate statistical studies;7. Translate and communicate the results of statistical analyses to management;8. Manage the statistical problem solving process

TEXTBOOKSNeter, J., Wasserman W. and G.A. Whitmore, Applied Statistics, fourth edition, Allyn and Bacon, 1993Achel, A. Complete Business Statistics, sixth edition,McGraw-Hill,2006.

RECOMMENDED READINGBerenson,M. L,Levine, D.M.and D. Rindskopf, Applied statistics. A first Course, Prentice Hall 1988.


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Regional Economics

LEVEL SEMESTER CODEI III

PrerequisitesIntroductory Microeconomics, Introductory Macroeconomics

Unit CoordinatorR. Mbewe

Teaching Method15 hours: Lecture (100%)

AssessmentFinal exam (50%), Problem set (25%), Term paper (25%),

AimsThe course will provide insights into the spatial dimension of economic systems. Firstly, students will get acquainted with location theory i.e. determinants of distribution of economic activities. Secondly, they will learn how to analyze formally the influence of changes in economic space on affected communities and societies, and how to assess economic development of regions. Finally, possible government interventions aimed at modifying regional processes or their consequences will be discussed.

ContentI. Introduction

1. Introduction to Regional Science and Regional Economic AnalysisII. Location Theory

1. Transport Costs, Agricultural Land Use and Locational Rent (von Thünen)2. Central Place Theory3. Spatial Competition and Spatial Differentiation4. Agglomeration Economies5. New Economic Geography Models with Mobile and Immobile Workers

III. Regional Economic Analysis1. Nature, Limits and Functions of Regions2. Shift-Share Model3. Economic Base (EB) Model4. Input-Output and Social Accounting Matrix (SAM) Models5. Taxonomic Analysis of Regional Data

IV. Regional Policy1. Principle Dilemmas of Regional Policy2. Application of Economic Analysis to Regional Policy Decisions

Learning OutcomeUpon completion of this course students will be able to understand geographical determinants of economic success of regions, to analyze systematically economic developments in regions, to understand the motives of regional policy and possibly the reasons for their success or failure.

Textbook & Readings“The Web Book of Regional Science”, edited by Scott Loveridge, freely available online at http://www.rri.wvu.edu/regscweb.htm (the webpage of the Regional Research Institute of the West Virginia University)Edgar M. Hoover, Frank Giarratani, “An Introduction to Regional Economics”, 3rd edition. Freely available at: http://www.rri.wvu.edu/WebBook/Giarratani/contents.htm


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http://www.rri.wvu.edu/WebBook/Giarratani/contents.htm

http://www.rri.wvu.edu/regscweb.htm

Accounting


PREREQUISITESMathematics.

UNIT COORDINATORDr. Maciej Turała

TEACHING METHOD30 hours, 40% lectures, 60% practical sessions.

ASSESSMENTFinal examination: 60%, Quizzes: 20%, Written assignments: 20%

BRIEF DESCRIPTION AND AIMSThe course aims at familiarising the students with the role of accounting in business. The students will also acquire certain practical skills enabling them to understand how financial statements are prepared and how to use the information included in them. The course presents issues of bookkeeping, balance sheet structure, profit and loss statement, cash flow statement as well as some aspects of managerial accounting – i.e. cost calculation or break-even point analyses.

CONTENT Introduction to accounting concepts. Role of accounting in business environment. Accounting as a source of

information about economic activities – nature and functions of accounting, users of financial information, accounting methods. Harmonisation and standardisation of accounting.

Basic structure of a balance sheet (assets, equity, liabilities). Measuring performance – basic structure of an income statement (profit & loss statement).

Principles of bookkeeping and working with accounts. Principles of bookkeeping and working with accounts, cont. Fundamental principles of accounting. Definitions and classifications of costs and incomes. Differentiating between accrual values (costs and incomes) and

cash values (outflows and inflows of cash). Elements of the financial report: profit & loss statement. Major categories of costs. Major categories of incomes. Elements of the financial report: balance sheet. Balance sheet as a static presentation of financial position. General

classifications of assets, equity and liabilities. Elements of the financial report: cash flow statement. Scope of information disclosed in a cash flow statement –

operating, financial and investment activity. Elements of the financial report: statement of changes in equity (funds flow statement). Cost accounting: methods of cost calculations. Cost accounting: fixed costs, variable costs, total costs. Impact of cost accounting on the financial results. Break-even point analysis. Financial and management accounting – differences. Introductory issues of management accounting. Management accounting, cont. Summary and revision.

LEARNING OUTCOMESOn completion of this module a student should be able to:

define the role of accounting in business; explain the fundamental principles of accounting; perform basic bookkeeping operations; identify various types of assets, capital and liabilities; calculate a financial result; perform a break-even point analysis; prepare a financial statement;

RECOMMENDED READING The Accounting Act of 29 September 1994, Journal of Laws of 2002, No. 76, item 694. Dyson J.R., Accounting for non-accounting students, Financial Times/Prentice-Hall, 2001.

SUPPLEMENTARY READING (in Polish)Śnieżek E., Wprowadzenie do rachunkowości, Oficyna Ekonomiczna, Kraków, 2004.


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Banking and Finance

LEVEL SEMESTR CODEII III

PREREQUISITESFundamentals of Macroeconomics

UNIT COORDINATORDr. Maciej Turała

TEACHING METHOD15 hours, lectures

ASSESSMENTWritten assignments (40%), Final examination (60%),

AIMSThe course aims at presenting the fundamentals of banking. The course concentrates on issues of bank functions and risk in banking activities. Practical references are given to the overall characteristics of monetary policy in Poland as well as to the organisation of the banking system in the European Union.

CONTENT Definition and nature of banks and banking services; Functions of banks and banking system; types of banks and their functions – central and commercial banks; Money creation; Overall characteristics of monetary policy and the money market in Poland since political and socio-economic

transformation in 1990; Nature and types of banking risk; causes of risk in banking activities; Managing banking risk – identifying, measuring and mitigating risk; Organisation and functions of banking institutions in the European Union: European Central Banks, European

Investment Bank, European Bank for Reconstruction and Development;


Describe functions of central as well as commercial banks; Identify main sources of banking risk and provide ways of mitigating it; Describe the overall characteristics of monetary policy in Poland; Describe the organisation and functions of chosen EU banking institutions.

RECOMMENDED READING Czarnecka-Wójcik E., Wróblewska-Banaś M., Banking and finance: key issues, WSBiF, Katowice, 2004. Gardener E.P.M, Molyneux P., Moore B., Banking in the new Europe: the impact of the single European market

programme and EMU on the European banking sector, Palgrave Macmillan, 2002. Kawalec S., Banking sector systemic risk in selected Central European countries. Review of: Bulgaria, Czech

Republic, Hungary,Poland, Romania and Slovakia, CASE, 1999.


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International Economics

LEVEL SEMESTER CODEII IV

PREREQUISITESIntroductory Microeconomics and Macroeconomics, Mathematics, Introduction to Economic Analysis

UNIT COORDINATORDr Richard Mbewe MBA., Ph.D.

TEACHING METHOD75% lectures, 25% problem solving in form of homework

ASSESSMENTMidterm exam – 25%, final exam – 55%, 20% - problem solving

AIMSTo empower students to understand nature and importance of the global economic cooperation, driving forces in cross-border exchange of goods, services and capital, as well as the way international financial system works. To show them how to make use of the basic principles of international economics while making business decisions in the domain of trade and finance of an open economy.

CONTENT4. Fundamental principles of international trade, significance of factor movements5. Exchange rate determination (short-term and long-term), exchange-rate regimes and nature of the adjustment

processes; financing international trade6. Capital flows and international financial markets, the evolution of the international monetary system.7. Dynamics of globalization, its driving forces, challenges and consequences of financial liberalization, monetary

integration, global institutional framework of cooperation,

LEARNING OUTCOMES On completion of this module a student should be able to: Understand and analyze open economy mechanisms Analyze international environment of business Form rational judgements on contemporary economic issues and solve basic problems related to international business in

the domain of production, trade and finance

TEXTBOOKP. R. Krugman, M. Obstfeld, International Economics: Theory and Policy (6th Edition), Addison Wesley, 2002.

RECOMMENDED READINGW.Ch. Sawyer, R.L. Sprinkle, International Economics, Prentice Hall, 2004G. Gandalfo, International Finance and Open-Economy Macoreconomics, Springer, 2002The Economist, various issues.www.rgemonitor.com


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http://www.rgemonitor.com/

Intermediate Macroeconomics


PREREQUISITESIntroductory Microeconomics and Macroeconomics, Mathematics, Introduction to Economic Analysis

UNIT COORDINATORdr. Bogna Gawrońska – Nowak

TEACHING METHOD30 hours, 67% lectures, 33% problem sets

ASSESSMENTmidterm (25%), short quizzes (20%), final written exam (55%)

AIMSTo provide students with knowledge of intermediate macroeconomics. To make them analyse macroeconomic issues connected with business environment and to teach them to understand and use macroeconomic models properly.

CONTENT1. Economic Growth, Capital Accumulation, Total Factor, Human Capital, Technology, and Endogenous Growth and

Convergence2. Fiscal Policy and the Role of Government3. Money and Prices4. Consumption and Investment 5. Business Cycles6. Monetary Policy

LEARNING OUTCOMES

On completion of this module a student should be able to: Identify and interpret different macroeconomic issues Use some of the macroeconomic models in practical way Analyse macroeconomic policy in different time periods and in wider global context Use some algebra for analytical purposes in macroeconomics.

TEXTBOOKD. Miles, A. Scott, Macroeconomics and the Global Business Environment, John Wiley & Sons, 2004

RECOMMENDED READINGO. Blanchard, Macroeconomics, 5th edition, Prentice Hall, 2008N. G. Mankiw, Macroeconomics, Worth Publishers, 2002The Economist, various issues.


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Managerial Economics

PREREQUISITESBasic microeconomics

UNIT COORDINATORDr. Jarek Neneman

LEARNING APPROACH30 hours, 70% lectures, 20% problem sets, 10% discussions

ASSESMENTFinal written exam (90 minutes), 5 short (10 minutes) in-class tests. Short tests 30%, final exam 70%.

AIMSTo introduce basic concept of decision-making. Present price and nonprice strategies of firms on competitive and noncompetitive markets. Outline basic concepts and institutions of competition policy

CONTENT General characteristic of decision-making process Decision-making in uncertainty Value of information Bargaining and auctions Market structure and market power Price discrimination Vertical relations Product differentiation Advertising

LEARNING OUTCOMESOn completion of this course a student should be able to: Analyze decision making process under uncertainty Understand auction strategies Understand basic firm’s strategies on competitive and noncompetitive markets

TEXTBOOKS

F. W. Samuelson, G. S. Marks, Managerial Economics, John Wiley and Sons 2002,L. Cabral, Introduction to Industrial Organization, The MIT Press, 2000Varian, H. (2002), Intermediate Microeconomics, 6th ed.R. Pindyck, Rubinfeld D., Microeconomics, 6th ed.


LEVEL SEMESTR CODEII III

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Econometrics


PREREQUISITESMathematics, Statistics

UNIT COORDINATORMaciej Malicki, Ph.D.

TEACHING METHODLectures and supplementary classes

ASSESSMENT50%- final exam, 25%- projectf, 25%- 9 in-class quizzes given during discussion sections

COURSE OBJECTIVES

The goal of this course is to make student familiar with basic methods of econometrics. Topics include simple and linear regression models, heteroscedasticity, autocorrelation, maximum likelihood estimation, and times series. A special emphasis will be put on examples and applications.

CONTENTS1. Introduction to Econometrics2. Simple Linear Regression Model (SLR). OLS-estimation.3. Multiple Linear Regression Model (MLR): two explanatory variables.4. Variables Transformations in Regression Analysis.5. Dummy Variables.6. Heteroscedasticity. 7. Simultaneous Equations Models.8. Maximum Likelihood Estimation.9. Autocorrelation disturbance10. Modelling with Time Series Data.

TEXTBOOK: D.N. Gujarati, Essentials of Econometrics.


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Public Finance


PREREQUISITESIntroductory Microeconomics and Macroeconomics


TEACHING METHOD30 hours, 80% lectures, 20% problem sets and discussions

ASSESSMENTStudent performance on short test, home assignments and final exam (1.5 hours) will constitute the basis for the final grade. Grading: tests (35 %), short assignments (5%) and final exam (60%).

AIMSShow the rationale for public involvement in the economy. Discuss the issue of welfare, public choice, equity, etc. Show the importance of pension reform.

CONTENT

Introduction to public finance

Tools of Normative Analysis

Public Goods

Externalities

Income Redistribution, Conceptual Issues

Social Insurance

Introduction to taxation


define public sector and its role in contemporary society; explain the reasons for “market failure” and the need for social insurance; understand the rationale and the tool of market intervention

TEXTBOOKS H. Rosen, T Gayer, Public Finance, 7/e, McGraw-Hill

RECOMMENDED READING

N. Barr, The Economics of the Welfare State, 4/e, Oxford University Press.


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Research Preseminar

LEVEL SEMESTER CODEII IV core

COORDINATORŁukasz Konopielko, PhD

COURSE DELIVERY30 hours (introductory lectures: up to 10 hours; students’ cases and discussion 20 hours).

ASSESSMENTThe final grade will be based on: Active participation in course – presentations and discussion (20 % of the final grade) Written assignment (30 % of the final grade) Final exam (50% of the final grade)

BRIEF DESCRIPTIONThe aim of this course is to setup a background for proper selection as well as to first attempt to overview a topic for a B.A. dissertation. This is expected to be achieved in two ways. Primarily we will define each participant particular research interest and review possible areas of investigation. Simultaneously, we will look into data collecting techniques, research approaches to various issues in economics. This will be done by studying review papers presenting diversified research strategies. Additionally the best dissertations successfully defended at Łazarski over recent years will be reviewed. All this should lead to creation of students’ own research agendas as well as preliminary definition of dissertation topics. Based on this personal supervision proposal will be made.

CONTENT How to apply economic concepts in research? The big picture – macroeconomics vs. microeconomics for your own

dissertation. Formal requirements for good dissertation Investigation set-up Problem identification and analysis of additional knowledge required Model design and data collection Application of economic theory in your area of interest.

LEARNING OUTCOMESBy the end of the course students will be able to: Understand and analyze key strengths of economics for applying it to data available. Provide a convincing case why economics should be reckoned as the social science. Understand and explain economic approach to various issues Adopt flexibly economic analysis methodology to everyday life and identify possible data sources for such an analysis. Develop judgments on all above.

READINGS.W. Bowmaker, Economics Uncut (Edward Elgar, 2005)BA dissertation handbook.


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Social Policy

LEVEL SEMESTER CODE

III V


COURSE DELIVERY30 hours (lectures combined with case studies prepared, discussed and presented by students)

ASSESMENTStudents’ presentations – 40%, active participation – 10%, final exam - 50%. Students’ active class participation.

AIMSThe aim of this course is to learn basic concepts of social welfare and their relationship to politics and society. The course aims to deepen students’ understanding of contemporary social issues and problems by looking at how social policy issues are constructed and contested.

COURSE DESCRIPTION AND OBJECTIVESThe course revolves around three main issues in debates over social policy: arguments over needs, rights and responsibilities.

Welfare and society Welfare and equality Values Social need Social security Poverty Social Exclusion Policies (health, housing, education)

LEARNING OUTCOMESThe course gives students an opportunity to examine different social policies and perspectives, and the impact these have on social conditions and problems

TEXTBOOKS:Hill M., Social Policy in the Modern World, Blackwell Publishing 2006Legrand, J., C Propper, R Robinson, The economics of social problems, Macmillan 1992.

RECOMMENDED READING:Spicker, P. Social policy: themes and approaches, Prentice Hall 1995.Nozick, Anarchy state and utopia, Basic Books, 1974. Titmuss, R.M. Essays on the Welfare State, Allen and Unwin 1963

The main international journals in the subject are the Journal of European Social Policy and Social Policy and Administration – selected papers from them will be delivered by the teacher


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Game Theory

LEVEL SEMESTR CODEIII V

PREREQUISITESMicroeconomics


TEACHING METHOD15 hours, 70% lectures, 30% games

ASSESSMENTStudent performance on short test and final exam (1.5 hours) will constitute the basis for the final grade. Grading: tests (40 %) and final exam (60%).

AIMSTo introduce basic concept of game theory and its applications mainly in business.

CONTENT Basic ideas and terminologyGames with sequential moves, extended form of gameGames with simultaneous movesMixed strategiesPrisoners’ dilemmaStrategic moves

LEARNING OUTCOMESOn completion of this course a student should be able to:Understand basic concepts of game theory Analyze simple games Understand strategic moves

TEXTBOOKS

A. Dixit, S. Skeath, Games of Strategy, 2nd ed., W.W. Norton, 2004


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Research Methods


PREREQUISITESNone

UNIT COORDINATORDr Jaroslaw Jura

SECOND LECTURERWojciech Grabowski, MA

COURSE DELIVERY

30 hours – 40% lecture, 10% discussion, 50% problem sets

ASSESSMENT

Group project presentation 70% (2 presentations: research report (40%) and econometric problem analysis 30% – written), 2 short written assignments (in class) 10% (5% each), 2 homeworks 10% (each homework 5%), 2 quizzes 10% (each quiz 5%)

COURSE DESCRIPTION AND AIMS

The purpose of this course is to provide students with basic methodological knowledge about conducting research and data analysis in economics and related areas. The whole course is practically oriented and the main aim of it is to help the students in their future BA thesis projects. As this is most probably their first independent research of that complexity level much of the effort must be made to introduce useful concepts and methods with clear recognition of their applicative character. Despite the practical character of the course some general theoretical information about research methodology will be presented.

Taking into account the fact that most of the students are not experienced enough in doing research, therefore, formulation and preparation phases of the research project must be studied carefully. Thus student will be directed towards obtaining ability how to formulate their own research problems and research questions. Later on they will be taught how to operationalize their problems and questions and how to find possible best method of data collecting. Although at BA level students are not supposed to present very sophisticated techniques, they should still acquire basic knowledge about collecting data methods, those that are commonly used in economics. Even if it may be not sufficient to conduct very advanced professional research students should at least know what kind of collecting data method may be useful for particular research problem – mostly in microeconomic analyze (however methodological knowledge about conducting survey research should also be useful for macroeconomists - for example information about constrains, biases and potential errors connected with this method).

The last part of the course will be focused on providing some practical aspects of econometrics. It should inspire students how to search for economic time series, how to use data sources, extend their knowledge concerning linear regression model and its interpretation. They should be able to use binary choice model and interpret its parameters. The course also aims at improving students’ software capabilities, teaching them how to prepare presentations containing solutions of some econometric problems.

CONTENT

I. Introduction

1. Aim of the course, general introduction, theoretical approaches, theories, hypothesis and statements.

2. Quantitative vs. qualitative methods, probability and sampling (definition, types),

3. Research Design: Conceptualization, Operationalization, and Measurement

II. Collecting data methods and its analysis – aspects useful for economists

4. Interview - introduction

a) Structuralized interview, questionnaire interview,

b) Unstructuralized interview, in-depth interview.

5. Research preparation – designing a questionnaire


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6. Other gathering materials methods: observation (structuralized and participant observation), text analyse - content analyse, focus group; research consultations

7. Research report presentation

III. Practical econometric

8. Graphical analysis of macroeconomic data

9. Working with database

10. Statistical analysis of macroeconomic data

11. Introduction to regression analysis

12. Working with econometric software (I)

13. Working with econometric software (II)

14. Interpretation of research results

15. Group project presentations

TEXTBOOKS

1. Dow, Sheila, 2002 Economic Methodology: An Inquiry, Oxford University Press.

2. Ghauri, Pervez, Gronhaug Kjell, 2005, Research Methods in Business Studies: A Practical Guide, Prentice Hall, New York,

3. Klein Lawrence R., Welfe Aleksander, Welfe Władysław, 1999, Principles of Macroeconometric Modeling, North-Holland


47

International Business Law


UNIT COORDINATORAndrzej Nałęcz, Ph.D.

COURSE DELIVERY30 hours; lecture 15 hours (15 x 1 hour); supplementary classes 15 hours (15 x 1 hour)

ASSESSMENTActive class participation (25%), short quizzes (25%), final written exam (50%).

BRIEF DESCRIPTIONThis course provides students with knowledge of principal problems of business law, both in theory and practice. During the course, participants should gain the ability to interpret legal acts as well as to analyse cases.

AIMSThis course aims to provide students with basic knowledge about business law and to make them familiar with the requirements of starting and carrying on economic activity.

CONTENT1. The concept of law.2. Provisions and norms of law.3. Branches of law. Business law as a specific branch of law.4. National and European business law.5. Distinction between private and public business law.6. Private business law.

a. Economic activity of natural persons.b. Companies.

i. General companies.ii. Association of capital.

c. Contracts.7. Public business law.

a. The principle of freedom of economic activity.b. Launching a business.c. Carrying on economic activity.d. Licenses and permits.e. State control of economic activity.f. State aid.g. Regulation.


Understand the specifics of business law as part of both private and public law.

Know the requirements of starting and carrying on economic activity.

Know the extent of state control of economic activity and its limits.

READINGPhil Harris, An Introduction to Law, Cambride University Press, 2006.Jolanta Jabłońska-Bonca, Wprowadzenie do prawa. Introduction to law, LexisNexis, 2008 (bilingual textbook).


48

Investments Analysis

LEVEL SEMESTR CODEIII VI

PREREQUISITESMacroeconomics I

UNIT COORDINATOR Andrew J. Kurnicki MAS

LEARNING APPROACH30 hours. 70% lectures 30% work on problems and cases.

ASSESSMENTFinal Exam 50%Research project and presentation 20%Short Examinations 20%Class participation 10%

OBJECTIVEThis course is design to provide participants with basic knowledge of the investment analysis, valuation of securities , industry and company analysis, and analysis of alternative investments and how to translate what the students have learned in the course to actual participation in the financial markets

CONTENT 1. The Investment Setting 2. The Concept of Investment 3. Measure of Return and Risk 4. Organization and Functioning of Securities Market 5. Source of Information on Investments 6. Efficient Capital Markets 7. An Introduction to Portfolio Management 8. Markowitz Portfolio Management 9. Bonds Fundamentals and Bond Valuation 10. Analysis of Financial Statement 11. Industry Analysis12. Company Analysis13. Technical Analysis 14. International Diversification 15. Analysis of Alternative Investments

LEARNING OUTCOMESAt the completion of the module student will be able to: show understanding of how and why are our securities market changing discuss and explain why individuals invest and what factors determine an investor’s required rate of return on an

investment , analyze market tendencies and risk management describe the different roles that investment corporations play in the financial system explain in details the nature of portfolio allocation explain the risk connected to global investment interpret behavior of particular securities, like stock, bonds or options explain why financial ratios are useful and in what context they should be analyzed

TEXBOOKS

1. Frank K. Reilly, Investment Analysis and Portfolio Management; The Dryden Press2. Geoffrey A. Hirt, Stanley B. Block; Fundamentals of Investment Management, The Wall Street Journal Edition

RECOMMENDED READINGThe Financial Times, The Wall Street Journal, HBR, Bloomberg News, Euromoney, the Economist

BA Seminar

LEVEL SEMESTER CODEIII VI


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PREREQUISITESsuccessful completing level I and level II of studies

UNIT COORDINATORDr Bogna Gawrońska – Nowak (Programme Director) and Relevant BA Thesis Supervisors

TEACHING METHOD30 hours, 80% solving problems, 20% lecture

ASSESSMENT100% BA Thesis

AIMSTo support students with their individual research work. To make them define and analyse problems of their interest. To provide them with appropriate methods and techniques for their research. To prepare students to write BA Thesis.

CONTENT1. Initial guidance on research and BA Thesis preparation (general remarks on content, presentation, and assessment criteria)2. Defining, measuring, and analysing complex economic issues in a given field area3. Critical revision of relevant field literature (both theoretical and empirical)4. Data mining techniques5. Application of proper statistical and econometric methods 6. Selection of multimedia tools

LEARNING OUTCOMES

On completion of this module a student should be able to: Identify and define individual research problems Describe and know how to measure analysed issues Make analytical assessment of the state of play in area of interest Successfully conduct individual research Present and be ready to discuss research effects.

RECCOMMENDED READINGGujarati D. N., Essentials of Econometrics, Second Edition, 1998 (International edition), McGraw-Hill Book Company., ISBN0071163069.

Green W.H., Econometric Analysis, Prentice Hall International, Inc. 2000

Appropriate field literature recommended by BA Thesis Supervisor


50

Financial Accounting


PREREQUISITESIntroductory Microeconomic, Intermediate Microeconomics, Accounting

UNIT LECTURERAndrew J. Kurnicki , MAS

LEARNING APPROACH30 hours, lectures and case methods approach.

ASSESSMENTFinal exam (2 hours) 60%, research project 20%, midterm 20%

AIMSThe course provides students with an basic knowledge of the main areas of company financial accounting such as statement of cash flow, financial statement analysis, budgeting, the time value of money, current assets and current liabilities, shareholders’ equity. The objective of this course is the presentation of financial accounting from the point of view of the primary users of financial accounting and to use case method approach to apply basic concept in real business situation.

CONTENTThe course will focus on:

Accounting and Organizations The measurement of Profit Measurement of Wealth and the Balance Sheet The Profit and Loss Account Fixed Assets and Long-term Liabilities Financing and Business Structure Cash Flow Statement Financial Statement Analysis Income Valuation GAAP basic concept

LEARNING OUTCOMESOn completion of the module students should be able to:

List and discuss the components of the balance sheet and income statement Describe the information contained in the statement of the stockholders equity Use the cash flow statement to examine a firm’s liquidity position Describe the cash flow and working capital effects of the choice of inventory methods Examine the financial statement effects on revaluation on long-term assets. Estimate the market value of debt and discuss its usefulness. Compute book value per common share, free cash flow, EPS and P/E.

READING:1. Jerry Weygandt, Donald E. Kieso, Paul D. Kimmel - Financial Accounting, Wiley 4th edition 2. Gerlad I. White, Ashwinpaul C. Sondhi, Dov Fried – The Analysis and Use of Financial Statement , Wiley, 3th edition.


51

Monetary Integration


PREREQUISITES:Core microeconomic and macroeconomic courses, core mathematics


COURSE DELIVERYLectures: 30 hours ASSESSMENTComprehensive final examination 60%; midterm 30%; homework (problem sets) 10%

TEACHING METHODLectures 90%; group work 10%

GRADING POLICYI will apply the grading scale published in the Students’ Handbook (p.10). Cheating and plagiarism will be prosecuted. Mind that three absences automatically lead to an incomplete grade in the course.

AIMSThe course aims at acquainting a student with issues pertaining to the monetary integration with a particular emphasis on the European monetary integration and Poland’s prospects of joining the union, help her understand problems that the union encounters, and take part in discussions on it in an informed and structured way. To this end, the course will equip a student with the theoretical underpinnings of monetary integration. Then it will place theory in a practical context of European monetary integration: its institutions, the conduct of monetary and fiscal policy.

CONTENT Overview of the course, OCA Theory – 1 class OCA Theory: Costs of a common currency PDG chapter (ch.); B&W ch. 13 1 - 2 classes Critical arguments on the theory of optimum currency areas: PDG ch. 2 – 1 classes Benefits of the common currency PDG ch.3 – 1 class Costs and Benefits Compared PDG ch. 4 – 1 class Convergence criteria, transition period PDG ch. 6; B&W ch. 14 – 1 class Midterm exam New member states in the EU and their road to the euro PDG ch.6 - 1 class The European Central Bank PDG ch. 7 ; B&W ch . 14; www.ecb.int – 1 class Fiscal policies in monetary unions PDG ch. 9; B&W ch. 15; www.eu.int – 2 sessions Financial markets and the euro PDG ch. 10; B&W ch. 16 – 2 classes Review: debate on the pros and cons of Poland’s adoption of the euro – 1 session

LEARNING OUTCOMESBy the end of the course students will be able to: Understand why Europe has undertaken the monetary integration project Understand where Maastricht nominal convergence criteria come from Evaluate costs and benefits of a currency union Describe how monetary and fiscal policies are conducted in the euro zone Point to shortcomings of the euro zone Discuss arguments for and against of Poland’s entry into the eurozone Point to relevant information sources on the monetary union in the internet

TEXTBOOKS Paul de Grauwe (PDG), Economics of Monetary Union 6th Edition, oxford University Press 2005

Richard Baldwin and Charles Wyplosz (B&W), The Economics of European Integration, McGraw-Hill Education, 2004 or 2/e 2006

RECOMMENDED READINGDocuments of the ECB www.ecb.int and European Commission such as The Broad Economic Policy Guidelines www.ue. eu.intB. Coeuré and J. Pisani-Ferry, A sustainability pact for the Eurozone, 2003, www.pisani-ferry.net.


52

http://www.ecb.int/

http://www.eu.int/

Do We Really Need Immigrants? Demand For Foreign Labour in the EU.

LEVEL SEMESTER CODE

II III


COURSE DELIVERY30 hours (lectures combined with case studies prepared, discussed and presented by students)

ASSESMENTStudents’ presentations – 50%, 50% final exam. Students’ active class participation.

AIMThe aim of this course is to learn basic concepts of population mobility with the special attention to changes on EU labor markets, especially Poland. Social and political consequences of migration from CEE region before and after the collapse of the communist system are also considered.

CONTENT

Economics and migration from the perspective of labour market, international trade and migration theories. Segmented labour markets. Impact upon European economy and migration.

Guest workers schemes after 1945 in Europe – a source of ethnic division on labour markets Patterns of integration of migrants: exclusion/inclusion, discrimination of migrant workers. Impact upon demographic

structures. Ageing of population and “replacement migration”. Management of international migration: main ideas, constraints and scenarios for the future. Fortress Europe:

Welcome the skilled, keeping away unskilled. Changes on labour markets in CEE in the 1990s region - a source of demand for forming labour Dynamics and structure of labour migration from Poland before and after 1989 Dynamics and structure of Labour migration into Poland after 1989. Migration Policy of Poland after 1989 Foreigners on Labour markets in Poland – legislations before 2004 and after Future scenarios: Challenges for Polish Labour markets – EURO 2012

LEARNING OUTCOMESThe course gives students an opportunity to examine different social and economic theories of migration and integration. Students will also get an opportunity to look at policies, patterns and mechanisms of migration in the CEE closely.

TEXTBOOKS:

Castles S. and M. Miller, The Age of Migration, 2002.

Iglicka, K. Poland’s Post-War Dynamics of Migration, Aldershot, Ashgate, 2003.

RECOMMENDED READING:

Massey, Arango, Kouaouci, Pellegrino, Taylor, Worlds in Motion – Understanding International Migration at the End of the Millennium,1998.

Selected papers from academic journals provided by the teacher.


53

Economics, Culture and Democracy in Africa


PREREQUISITES: Economics, History, Political Science and Geography.

UNIT COORDINATOR: Dr Richard Mbewe., M.Sc., PhD, MBA.

TEACHING METHOD: Lectures, research and class presentation of selected issues.

ASSESSMENT: Final written examination – 60%; Group project and class presentation – 30% and 10% for class participation.

AIMS: Africa is a vast continent with at least 52 states. Currently, the continent is undergoing radical economical, political and social changes. Therefore, it is imperative to understand its culture, economic conditions and the democratic changes taking place there. The course is aimed at those students who would like to understand this continent and participate in its development.

CONTENT:8. Definition of economics, culture and democracy in an African context.9. The economic situation of Africa according to various economic institutions: IMF, World Bank, African Development Bank

(AfDB) and OECD.10. The democratic process in Africa under various political systems.11. The role of the State and its Institutions in Africa.12. Culture in Africa.13. Religion in Africa: Indigenous, Christianity and Islam.14. Religious fundamentalism in Africa15. Implementation of the Washington Consensus in Africa. Selected examples.16. Privatization in an African economy17. Africa's failed nations: Somalia, Democratic Republic of Congo, Sierra Leone, Liberia, Darfur, Northern Uganda.18. Africa's position on the global market.

LEARNING OUTCOMES:After completing the course, the student will be able understand the current economical, social and political problems facing the continent. Based on information from the course, he/she will be able to analyze issues facing the continent taking into consideration its specific economic and cultural conditions.

TEXTBOOK: Payne J. Richard & Nassar R. Jamal., 2003. Politics and Culture in the Developing World. Longman Publishers, London. Meredith Martin., 2005. The State of Africa: A history of fifty years of independence. Free Press Publishing, London.

RECOMMENDED READING:8. Mazrui A. Ali., 1986. The Africans: A Triple Heritage. Guild Publishing. London.9. Francis Fukuyama., 2005. State Building: Governance and the World Order in the 21st Century. Profile Books, New York.10. Chang Ha-Joon., 2008. Bad Samaritans: The myth of free trade and the secret history of capitalism. Bloomsbury Press, New

York.11. Sachs D. Jeffrey., 2005. The end of poverty: How we can make it happen in our lifetime. Penguin Books, London.


54

Principles of Marketing


PREREQUISITESBusiness Math and Economics

UNIT COORDINATORDr. Richard Mbewe MBA., Ph.D.

TEACHING METHOD70% lectures with presentations and 30% case analysis

ASSESSMENTMidterm exam – 25%, final exam – 75%

AIMSThe course is designed to acquaint the student with the principles and problems of the marketing of goods & services and the methods of distribution from producer or manufacturer to the consumer. The course includes a study of the types, functions, and practices of wholesalers and retailers in the international marketing system and of efficient marketing techniques in the development and expansion on local and foreign markets.

CONTENTMarketing is a key ingredient in meeting the global challenges of organizations worldwide. Marketing should not be confused with advertising and sales. In this course you will discover the true nature of marketing and why advertising & sales are merely ingredients of the marketing mix. Additional aspects of marketing will be introduced. These aspects include:

Marketing strategy

Market planning

Distribution

Retailing and Wholesaling

International Marketing

Target Marketing

Market Segmentation

Pricing Sales

Promotion

Services Marketing

Industrial Marketing

LEARNING OUTCOMES On completion of this module a student should be able to: Understand and analyze market systems Design and implement market plans Form rational judgements on contemporary marketing issues and solve basic problems related to marketing and thr route

the product takes from factory to consumer.

TEXTBOOKPrinciples of Marketing, 2nd European edition. Phillip Kotler et al. Printice Hall, 1999.

Principles of Marketing, Philip Kottler, Prentice Hall, 2006


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56

The World Economy – Retrospective View

LEVEL SEMESTER CODEIII V

PREREQUISITESIntellectual curiosity

UNIT COORDINATORDr. Rafał Matera

TEACHING METHOD30 hours, 80% lectures, 20% discussion

ASSESSMENTFinal examination 60%, course works 40%

AIMSTo present students the development of the world economy from ancient times till the beginning of 21st century. To search long-term tendencies in the factors of development. To encourage students to study historical material associated with economical matters. To support critical and analytical approach to history of economic thought. The accent is put on shaping the world population, income, international trade and global processes.

CONTENT7. Defining the world economy.8. Long-distance trade and scale of production in ancient times and in the middle ages.9. Raising the world market. 1500-180010. The origin of the world economy. 1800-191411. Disintegration of the international labour division. 1914-193912. The evolution of the world economy as a result of the WWII. 1939-194713. The world economy at the beginning of the “cold war”. 1947-195614. The world market at the time of “golden age” of capitalism. 1956-197015. The changes in the world economy in the 70s and the 80s of the 20th century16. New economic deal in the 90s of the 20th century

LEARNING OUTCOMES

On completion of this module a student should be able to: Define, and analyse main factors of development of the world economy Notice the evolution of the development and strong links between epochs Understand mutual influences of the states, regions and continents Differentiate many aspects of globalization and internationalization of production Have a distance to current changes, crisis’s and threats in the world economy

TEXTBOOKR. Cameron, L. Neal, A Concise Economic History of the World: From Palaeolithic Times to the Present, 4th edition, New York-

Oxford: Oxford University Press, 2003.

RECCOMMENDED READINGBOOKS:Aldcroft, D. The European economy 1914-1990, 3rd edition, London: Routledge, 1993.Ashworth W., A Short History of the International Economy since 1850, London 1977.Foreman-Peck J., A History of the World Economy. International Economic Relations since 1850, London 1983.Maddison A., The World Economy: A Millennial Perspective, OECD, Paris 2002.North D., Thomas R.P., The Rise of the Western World. A New Economic History, Cambridge: Cambridge University Press

1973.ARTICLES:Skodlarski J., Matera R., Development Tendencies in the World Economy. A Historical Approach, „International Studies.

Interdisciplinary Political and Cultural Journal”, 2005, no. 1, pp. 5-21.Skodlarski J., Matera R., Inflation and Unemployment as the Significant Barriers in the World Economy – General Trends, [in:]

Emerging Markets: Social, Political, and Economic Challenges, ed. S. Rudolf, Lodz 2004, vol. 1, pp. 19-30.Skodlarski J., Matera R., The Rise of the World Economy. The Origins of Globalization, [in:] Globalization, Connections and

Diversity, Lisbon 2002, vol. 2, pp. 379-391.Skodlarski J., Matera R., The World Economy at the Start of the Third Millennium, ”The Polish Quarterly of International Affairs”, 2003, vol. 12, no. 2, pp. 5-36.


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The Small and Medium-Sized Enterprises (SME) Sector


UNIT COORDINATOR

Dr. Andrzej Kondratowicz, Associate Professor

COURSE DELIVERY

30 hours, of which:- lectures: 12 hours; - discussion of assigned material: 6 hours; - presentations of student-prepared projects and their discussion: 12 hours

ASSESSMENT

40% = Evaluation of the student’s in-class presentation of the assigned reading material40% = A Project and its presentation (multi-media strongly preferred)20% = Overall in-class performance

There will be no mid-term or final examination, but short quizzes checking student’s preparedness may be administered (they would count toward overall in-class performance evaluation = 20%). The possible subjects and format of the Project/Presentation are given below, see under Content.

BRIEF DESCRIPTION

The place and role of SMEs in the economy will be presented. In particular, the SME sector growth and development will be analyzed (theoretically and in practice, in selected countries – but generally in market economies, both mature and under economic transformation; likely examples may be European countries and the US). The analysis will be conducted from an economist’s (mostly macroeconomist’s) rather than manager’s point of view. Participants will get familiar with the following topics: identification and classification of SMEs; specific characteristics and the role of the SME sub-sectors; sources of data on SMEs, numerical characteristics of the SME sector in selected countries; internal and external factors of development of the SMEs – in theory and in practice (in selected countries); firm demography and cohort analysis in particular as a basic tool of dynamic analysis of the enterprises and its application to research done on firms; the role of SMEs in systemic transformation on Polish economy – yesterday, today and tomorrow; barriers to SMEs development. In addition, some basic methodological issues concerning research on SMEs will be raised.

AIMS

The overall aim of the course is to provide students with understanding of the role the SME sector plays in any national economy – both in terms of static and dynamic analysis. The secondary, although very important aim is to discuss some basic analytical tools necessary to assess the SME sector’s role. Tertiary aim is to make students aware of the existing data sources regarding SMEs. In order to fulfil the above aims a number of specific issues will be discussed: the SME definition – its theoretical and practical aspects (including historical and international differences and its influence on SME data collection and research; homo- vs. heterogeneity of the so-called SME sector; sources of SME statistical data and their quality assessment; analysis of the existing statistical data – cross sectional and longitudinal – selected examples; enterprise demography including basics of cohort analysis; government policy toward SMEs, financial constraints of the SMEs development.It is important to note that this course does NOT aim at analyzing any microeconomic issues and in particular does not analyze (micro) management problems in a small or medium sized firm.

CONTENT

[attention: text in brackets refers to the required or additional reading; also, to the particular chapters in D. Storey textbook]

1. SME definitions (UE, US, other) – based on one criterion or multiple criteria; in theory and in practice Question: a stylized SME – does it exist in reality? [Storey ch.1 & 2; lecture]

2. Decomposition of the SME sector into micro-, small, and medium enterprises; what follows from this division Proposition: dynamics of the above sub-sectors and not of the whole sector is the key Proposition: transition from a given subsector to a higher one is of utmost importance

Proposition: distribution of the firm dynamics by industries/branches is of high importance (traditional, modern, hi-tech, etc) [lecture]


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3. Short numerical characteristics of the SME sector in selected countries Data sources (National Statistical Offices, SME quasi-governmental institutions; questionnaire-based surveys, other )Basic statistical data on SMEs in selected countries (static picture for today and historical time series; possibly some

international comparisons, as well) [André van Stel; Manfred Schmiemann]

4. Internal and external SME growth factors (theoretically and in reality of the past ten odd years) Internal factors – sector’s potential External factors – institutional environment and economic policies Hypothesis: the dynamics of the sector (and of the subsectors) is determined by the interplay of internal and external factors

[Storey ch.3, 4 & 5; lecture]5. Basic analysis of the SME sector dynamics: firms’ demographics / cohort analysis of the number of firms, of employment

and of the value added.„Natural” process of SME sector maturing vs. external factors influence (institutions, economic policy, economic freedom) [Storey

ch.3, 4 & 5; lecture]

6. What role may SMEs (and their particular sub-groups) play in economic development of a particular country (fighting unemployment, creating households’ income, dynamizing the economy, stimulating technological progress, laying conditions for development of larger firms – via indigenous growth, mergers, acquisitions) [Storey ch.5 & 6; lecture]

7. SMEs and systemic transition (in Eastern Europe and elsewhere). Particular characteristics of an unstable, adolescent environment with large churning. [lecture]

8. What barriers are the most significant obstacles to economic growth of the SMEs in your country and how can they be removed? Who can remove them? [lecture]

9. Potential and actual role of the financial sector in removing those stumbling blocks [Storey, ch.7]

10. Should SMEs be helped by the government? [Storey, ch.8; lecture]

11. Presentations by students. Students should suggest their topics to the professor within the first 6 weeks of the course. Final topics for essays/in-class presentations will be determined by the professor on the basis of student’s suggestions. Topics may deal with any of the issues enumerated above (1- 10) in relation to a chosen country, region, branch of activity, etc.

Additional comments:

Previous knowledge of Microeconomics I and Macroeconomics I is a prerequisite. Participation in class requires working command of English

LEARNING OUTCOMES

By the end of the course students will: Know the definition of the SME and its significance Be able to identify the strong and weak sides of the multiple-criteria definitions Have knowledge of overall place of the SME sector in the national economy – in terms of the numbers of firms (and

establishments), their contribution to national employment and value added. Have the knowledge of basic enterprise demography concepts, including the cohort analysis – in terms of theory and actual

numbers evaluation. Will be able to identify the basic stumbling blocks in the SME development. Will have the appreciation of the various consequences of the governmental policies toward SMEs – including a critical

assessment of the so-called aid to the SME sector (general equilibrium approach vs. Partial equilibrium approach) Will be able to identify a number of good data sources on SMEs and relevant research institutions

TEXTBOOKS

Required readings: David J. Storey, Understanding the Small Business Sector, Thomson Learning, London [last printing: 2005; you may

use previous printings, as well] - ISBN-13: 9781861523815 or ISBN: 1861523815 Jan Winiecki, Vladimir Benacek and Mihaly Laki, The Private Sector After Communism. New entrepreneurial firms in

transition economies, Routledge, London & New York 2004, [Part I: Chapters 1 & 2] - ISBN: 0-415-31807-6

Additional readings:


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[attention: first four below are available free of charge on the web]

André van Stel, COMPENDIA 2000.2: a harmonized data set of business ownership rates in 23 OECD countries, Research Report H200302, SCALES, Zoetermeer, 2003

Manfred Schmiemann, Enterprises in Europe - does size matter?, Statistics in Focus: Industry, Trade and Services, „Theme”: 4:39 (2002)

The Small Business Economy. A Report to the President, USGPO, Washington DC 2004

2004 White Paper on Small and Medium Enterprises in Japan. The Limitless Potential of the Diversity of Small and Medium Enterprises, Japan Small Business Research Institute (JSBRI), Tokyo 2004

Per Davidsson, Researching Entrepreneurship, International Studies in Entrepreneurship Series, Springer, 2005, ISBN: 0387228381 and ISBN-13(EAN): 9780387228389

The remaining part of Jan Winiecki et al (2004) –cf above.


60

Economics of Telecommunication


COORDINATORŁukasz Konopielko, PhD

COURSE DELIVERY30 hours (introductory lectures: up to 10 hours; students’ presentations and discussion 16 hours, field visits – subject to confirmation: 4 hours).

ASSESSMENTThe final grade will be based on: Active participation in course – presentations and discussion (20 % of the final grade) Written assignment (30 % of the final grade) Final exam (50% of the final grade)

BRIEF DESCRIPTIONTelecommunication industry and branches connected with it (such as e-business) constitute the area of a great business opportunity, as well as remains one of the best paying employers (at least in Poland), also within its economic departments. This course will analyze the economics of telecommunications and related services, including cable television. We will study the evolution of the telecommunications industry, the economic and public policy issues related to the telecommunications industry from a historical, present and future perspective. The economics of monopoly and oligopoly concepts as applied to network industries and, in particular, to telecommunications markets will be discussed. We will apply this approach to the analysis of traditional telecommunications markets, such as voice services, as well as to "new" telecommunications markets including mobiles; internet and digital tv. Mergers and consolidation issues in the industry will be considered and predictions for the direction of industry change will be made. In addition, students will gain a better understanding of the managerial decision-making that takes place in the industry. Although the course's focus is on the telecommunications industry, much of the economic analysis is applicable to other industries as well.First part of the course will be devoted to building theoretical background of the industry, while later we will focus on more practical issues such as business cases for specific services, analysis of particular operators or current developments in telecommunication. The course will have an emphasis on actual case studies. Field visits (large operator or/and office of UKE – Polish telecom regulator) are envisaged, subject to availability.

CONTENT What is telecommunications? The big picture - Market Structure: users (residential, business), services (voice, data,

internet, tv related services), other markets (intermediate markets, equipment) A bit of technique – How does it all work? Radio vs. cable access, data transmissions protocols, voice techniques.

PSTN, VoIP, GSM, femtocells, IPTV, MPLS, triple play. Review of economic theories related to telecoms – Perfect competition/Monoply/price discrimination, economics of

networks. Antitrust, regulation and privatization How to read financial statements of a telecommunication company? – case studies. Business case and its role in preparation of telecommunication investment Mergers and acquisitions – rationale, methods and performance of consolidated business. Intercarrier compensation and interoperator relations Mobile and radio – all in one in the near future? Internet, next generation network, e-business and key issues in the economics of information.

LEARNING OUTCOMESBy the end of the course students will be able to: Understand and analyze key phenomenon related to telecommunication industry. Perform tasks typical for an economist employed by the telecommunication company. Understand and explain impact of telecommunication advances on states, societies and economies as well as understand

and explain connections between technical and business developments in the industry. Understand role of state and non-state actors (e.g. operators associations) in regulating and managing telecommunication

industry. Develop judgments on all above.

READINGEconomides, N: The Economics of Networks, International Journal of Industrial Organization, vol. 16, no. 4, pp. 673-699, 1996. Konopielko Ł., Wytrębowicz J.: “Provision of teleinformatic services by infrastructure enterprise”. In: J. T. Duda (Ed.), Information Technologies in Economics and Innovative Management, AGH University of Science and Technology Press, Cracow, 2007, pp.


61

http://www.stern.nyu.edu/networks/top.html

18–24.Nuechterlein J. and Weiser P., Digital Crossroads: American Telecommunications Policy in the Internet Age, Cambridge, MA: MIT Press, 2005.Shapiro, Carl and Hal R. Varian, The Information Economy, Boston: Harvard Business School Press. 1999.


62

Corporate Finance


PREREQUISITESIntroductory Microeconomics, Basic Accounting

UNIT LECTURERAndrzej J. Kurnicki, MBA

LEARNING APPROACH30 hours, 67% lectures and 33% tutorials.

ASSESSMENTFinal written exam 70%, midterm 30%,

AIMSThe course covers basic cross-sectional knowledge on financial decision making within a company. The accent is put on fundamental decisions that every business has to make when it comes to raising funds and investing them. The course is divided into seven main areas: objective function, financial analysis, investment decisions, financing decisions, dividend decisions, company valuation and dealing with intangibles.

CONTENT1. Objective and goals of the firm.2. Financial statements and basic financial analysis – financial ratios.3. Investment decisions - resources allocation across competing uses (estimating cash flow, models of risk and return, cost of

capital, measuring return on investment). 4. Financing decisions – examination of the sources of financing and searching for optimal mix of financing (capital structure). 5. Dividend decisions – trade off: reinvestment versus dividend payment. 6. Company valuation – basic models for valuing company (discounted cash flow, relative).7. Special issues in dealing with intangible assets.

LEARNING OUTCOMESOn completion of the module students should be able to

Perform an analysis of company financial standing. Identify the linkages between risk and expected return and use this relationship to calculate the cost of equity and

WACC Calculate inputs and perform investment appraisal. Calculate optimal capital structure of a company. Determine conditions for returning cash to stockholders Value company stock.

TEXTBOOKS:Aswath Damodaran, Corporate Finance: Theory and Practise, Wiley, New York 2001.Aswath Damodaran, Applied Corporate Finance: A User’s Manual , Wiley, New York 2005.

READINGS:From Aswath Damodaran website: www. pages.stern.nyu.edu/~adamodar


63

Demography and Economics of Contemporary European Migration



TEACHING METHOD15 hours (lectures combined with case studies prepared, discussed and presented by students)

ASSESMENTStudents’ presentations – 50%, 50% final exam. Students’ active class participation.

AIMThe aim of this course is to learn basic concepts of population mobility. Social and political consequences of migration are also revolved. he course aims to deepen students’ understanding of contemporary population processes. The time scope is from the 1960s till now but wider historical background will also be considered.

CONTENTMajor topics to be discussed include:

validity of various migration theories, in particular those referring to the concepts of dual labour market, new economics of labour, transnational social capital and cumulative causation;

replacement migration regional and sub-regional patterns of migration; impact of European integration; impact of the rise and decline of communism; impact of globalisation; prospects in

view of the European Union enlargement; migration as legal and illegal business; migrants’ selectivity; the issue of migration pressure on Europe; policies of immigration and migrants’ integration.

LEARNING OUTCOMESThe course gives students an opportunity to examine different social and economic theories of migration and test how they fit to patterns of migration and policies that influence and shape some migratory behaviors.

TEXTBOOKS:

Castles S. and M. Miller, The Age of Migration,2002.

Massey, Arango, Kouaouci, Pellegrino, Taylor, Worlds in Motion – Understanding International Migration at the End of the Millennium,1998.

OECD, Globalisation, Migration and Development,2000.

RECOMMENDED READING:

Taylor, Massey, International Migration – Prospects and Policies (2003)UN, Recommendations on Statistics of International Migration (1998)


64

Monetary Theory and Policy


PREREQUISITESMacroeconomics I and II, i.e. knowledge of IS-LM model, Phillips curve and AS-AD model, core mathematics

UNIT COORDINATORMaciej Krzak Ph. D.

TEACHING METHOD30 hours, 90% lectures, 10% discussions

ASSESSMENTMidterm exam 30%; comprehensive final exam 60%; problem sets 10%.Participation will matter if your grade were on the border. More than three absences cause automatic grade incomplete.

AIMSThe aim of the course is to give a student an up-to-date overview of monetary theory in a non-technical way. This theory will be confronted with the actual conduct of monetary policy by various countries including USA, the euro zone and Poland. It will also discuss how financial markets react to changes in monetary policy by supplementing the textbook material with discussions of articles in the financial press, in which we will use the analytic frameworks developed in class to help us understand developments.

CONTENT Why study money (ch. 1) What is money (ch. 3) Understanding interest rates (ch. 4) Central Banks (ch. 15) Multiple Deposit Creation and the Money Supply Process (ch. 16) Determinants of the Money Supply (ch. 17) Tools of Monetary Policy (ch. 18) Conduct of Monetary Policy in USA and in Eurozone: Goals and Targets ch. 19 Midterm Demand for Money (ch. 21) Review of Effects of Monetary Policy in Mundell-Fleming Model (ch. 23) Review of Effects of Monetary Policy in AS-AD Model for the Open Economy (ch. 24) Transmission Mechanisms of Monetary Policy - Theory and Empirical Evidence (ch. 25) Money and Inflation: Time Inconsistency of Monetary Policy (ch. 26) Rational Expectations, New Classical Economics – Implications for Policy (ch. 28)

LEARNING OUTCOMESAt the completion of the module participants should be able to understand what is money, why we need it understand how modern central banks operate understand how monetary policy is conducted and point to its limitations apply the theories to analyze the effects of monetary policy on financial markets and real economy

TEXTBOOK AND READINGMain textbook: Frederic Mishkin The Economics of Money, Banking and Financial Markets, 8th Edition, Addison-Wesley: Reading, Mass. 2006


65

Personal Finance in Practice (with Excel)


PREREQUISITESIntroduction to Finance,

UNIT COORDINATORKatarzyna Kopczewska, Ph. D.

TEACHING METHOD30 hours, 35% lectures, 65% lab

ASSESSMENTIn-class tasks (30%), final exam in lab (1.5 hours) (70%)

AIMSCourse is designed to present practical aspects of personal finance management. Basic tool for solving financial problem will be MS Excel. Students will get familiar with current situation on the financial and banking market and will be able to conduct comparative analyses for most of household financial potential decisions.

CONTENT Personal finance – important issues, fields of interest: deposit, credit, t-bill, tax on capital gains, stock exchange investment, interest rates: nominal, effective, real, APR Banking market of deposits and credits – comparative analysis, history and forecasts Deposits, annuity – problems of compounding, when to pay a tax, what monthly payment will guarantee € 1 mln when retired (PV(), FV(), EFFECTIVE(), NOMINAL() ) Credit – payment simulation, capital-interest decomposition, Annual Percentage Rate (when all costs of money included), “cheap credits” in supermarket (PMT(), PPMT(), IPMT(), NPER() ) Stock exchange and investment founds – risk and profitability, how to compare products Returns on assets – statistical analysis of company and stock exchange performance

LEARNING OUTCOMESStudents will be able to run financial analysis to make financial decisions. They will understand financial mechanisms, get familiar with sources of financial data.

TEXTBOOKS

Day A., Mastering Financial Mathematics in Microsoft Excel: A Practical Guide for Business Calculations, FT Press


66

Organisational Behaviour


UNIT CONVENORMarie Hines, PhD (OB/HRM) Nottingham University Business School

TEACHING METHOD30 hours in 2-hour weekly sessions, each topic is discussed in lecture/seminar and practiced in activity workshop: pair and group work, case study analysis, simulated meeting, role-play, presentation.

ASSESSMENTParticipation – 10%, mid-term case study assignment - 40%, end-term close book examination (2 hours) - 50 %.

AIMSThe module aims to examine individual and social behaviours and processes that affect organisational performance. 13 topics covered have the objectives of: developing an understanding of behaviours of individuals within organisation; analysing the nature of groups/teams and group dynamics; applying OB concepts in differing organisational settings and structures. The course commences with an introduction and ends with a pre-exam tutorial.

CONTENTS*17. Organisation theories – historical outline of organisational systems: scientific management, human relations,

bureaucracy/classic management and current trends;18. Organisation models – develop in line with business model, organisational and national culture factors . Classical,

entrepreneurial, organic and matrix models are discussed;19. Individual personality – personality types are considered in relation to their application to specific job roles and stress

management;20. Individual perception – is a part of information processing, affects attitudes and motivation. Attributions and biases are

discussed;21. Motivation theories – aim to assess self and others’ motivational needs;22. Individual, groups and teams – formation, development, and behaviour in groups are discussed; 23. High performance systems – are different types of teams. Building and maintaining effectiveness of teams is considered;24. Decision-making models – are applied to decisions on individual, group and organisational levels. Develops understanding

of routine and complex decisions; 25. Conflict management: resolution – includes views on conflict, and conflict resolution techniques;26. Conflict management: stimulation – for organisational change. Background and conditions, stimulation techniques are

outlined (Arnold et al);27. Power and leadership –power theories on sources of power. Styles of leadership: theories X,Y and Z;28. Management styles – use of authoritarian, democratic and ‘laissez-faire’ styles; entrepreneurship;29. Organisational culture versus national culture – topic relevant to global business and working in multinational companies.

National culture, organisational culture and business model theories.

* based on core text unless other sources stated

LEARNING OUTCOMES On completion of this module, a student should have knowledge and understanding of the subject area, specifically of management of people within organisation. The module develops cognitive skills of critical thinking, analysis and synthesis, problem solving and decision making. Transferable skills include the ability to create a range of options, evaluate concepts, and to apply them to organisational settings.

CORE TEXTBuchanan, D. & Huczynski, A. 2004. Organizational Behaviour. Introductory Text. Harlow: Prentice-Hall.

RECOMMENDED READING Arnold, J. et al. 1998. Work Psychology. Understanding Human Behaviour in the Workplace. London: Pitman Publishing.Buelens, M. et al. 2002. Organizational Behaviour. NewYork: McGraw-Hill.Drucker, P.F. 1999. Management Challenges for the 21st Century. Heinemann.

AUTHORSCharles Handy, Tom Peters, Peter Drucker

OTHER SOURCESwww.bbcworldservice.com, www.bized.co.ukThe Economist, The Financial Times


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http://www.bized.co.uk/

http://www.bbcworldservice.com/


68

Contemporary China - Genesis and Background of Chinese “Economic Miracle"


PREREQUISITESNone

UNIT COORDINATORDr. Jaroslaw Jura

TEACHING METHOD30 hours, 70% lectures, 30% discussion (based on recommended readings)

ASSESSMENTFinal exam (2 hours) 50%, midterm exam 30%, 2 quizzes 20% (10% each)

AIMS

The main aim of the course is to provide the students with knowledge, which should help them to understand genesis of Chinese “economic miracle” and growing political importance of Peoples Republic of China nowadays. CONTENT

1/2. China today - most important characteristics of contemporary China (physical geography, administrative division, population, natural resources, industry and agriculture, urbanization, etc.) 3/4. Milestones in Chinese modern history (from XIX century till today): Opium wars, Taiping and “Boxer” revolts, fall of the empire, China Communist Party and domestic war, establishing of Peoples Republic of China, “Long Leap Forward”, Cultural Revolution, Deng’s reform, etc.5 China contemporary political system.6/7. Confutianists heritage and contemporary China – “face”, “guanxi”, social hierarchy etc., and its importance in Chinese social and business life8. International relations of Peoples Republic of China – history and state of play.9/10 Economic reforms – genesis, way of introduction and outcomes: agrarian reform, special economic zones, industrialization, privatization, reconstruction of “work units”, etc. 11. China and international economic system.12. Social repercussion of economic reforms: migration, unemployment, social insecurity, society polarization13/14. Social changes in contemporary China and its economic consequences: individualization, globalization, consumption and consumerism, etc.

LEARNING OUTCOMES

On completion of this module students should be able to: recognize the milestones of Chinese history and its relations to the situation today describe most important Chinese traditional values and its relations to the contemporary Chinese reality understand the genesis and background of Chinese economic boom posses some knowledge of contemporary China international relations and international economic exchange describe how the economic changes have influenced social transformation and vice versa

Textbooks:Hunter Alan, Sexton Jay, 1999, Contemporary China, Palgrave Macmillan

Morton W Scott, Levis Charlton, 2004, China Its History and Culture, McGraw-Hill

Naughton Barry, 2007, The Chinese Economy: Transitions and Growth, The MIT Press


69

Pension Systems



COURSE DELIVERY30 hours (lectures 60%, case studies 30%, discussion 10%)

ASSESSMENT Final examination 50%; papers 40%; case studies 10%.

BRIEF DESCRIPTIONOne of the major challenge facing global economy and especially world financial markets and public finances is ageing (or even decline) of the population. The course will offer an overview of the economic issues relating to population ageing, namely diffusion of pension systems, development of funded pensions schemes to complement social security and consequences of ageing for capital markets, corporate finance and for social security.

AIMSThe main aim of the course is primary to provide key definitions and an outline of the general economic issues relating to population ageing. Secondly it will introduce into an analysis of pay-as-you-go social security systems versus fully funded pension schemes. It is also to present an overview of the different structures for old-age security, and the role of the pension schemes in various countries, which is of direct relevance to the issues of capital markets development, privatisation and budget policy.

CONTENT Introduction. Definitions and general features of pension policy. Bismarckian pension regimes and other historical solutions Population ageing challenge – fiscal and political dilemmas. Pension policy, capital controls and macroeconomic stability. Fully funded schemes – towards the three-pillared system. World Bank and pension reform. ILO Tiered Pension Model.

Limitations of pension funds. Public-private partnership in pillared pension provision. An overview of different structures of old-age security (case studies – selected European and non-European countries,

based on students’ presentations) –each student will present case study of one selected country. Pension fund regulation and tax treatment. Rules of funding, portfolio regulations, protection against insolvency and fraud,

supervision. Performance of pension funds and their influence on financial market structure, development of securities markets.

Directing pension funds to infrastructure, sme and housing. The National Provident Fund Model- an alternative agenda for pension reform? The interdependence between pension revolution and privatisation, budget stability and public debt. The politics and outcomes of pension reforms in Central&Eastern Europe (particularly Poland) - changing European welfare

model.

LEARNING OUTCOMESBy the end of the course students will be able to: Understand major terms and definitions in pension systems. Present origins and current issues in pension systems development Discuss principal problems linked with population ageing and pension system reforms Critically analyse theoretical models and their relevance to pension systems’ reform attempts. Explain relations between pension system and capital market or privatisation.

TEXTBOOKS The handbook of West European pension politics. Edited by Ellen M. Immergut, Karen M. Anderson and Isabelle Schulze, (Oxford, Oxford University Press, 2007)

RECOMMENDED READING.Michael Hill, Pensions. (Bristol, Blackwell's Book Services, 2007)Pension reform in Europe: politics, policies and outcomes. Edited by Camila Arza and Martin Kohli, (London; New York Routledge, 2007).Roger Charlton, Roddy McKinnon, Pensions in development. (Aldershot Ashgate, 2001)


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E. Philip Davis. Pension funds: retirement-income security and capital markets: an international perspective. (Oxford, Oxford University Press, New York: Clarendon Press, 1997)R. Charlton, R. McKinnon, Ł. Konopielko "Pension Reform, Privatisation and Restructuring in the Transition: Unfinished Business or Inappropriate Agendas?" Europe-Asia Studies, Vol.50, No.8, pp.1413-1446.


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Negotiations and Communication


PREREQUISITESIntroduction to Sociology

UNIT COORDINATORDr. Jarosław Jura

COURSE DELIVERY30 hours, 60% lectures, 40% problem sets and discussion

ASSESSMENT50% negotiation analyse – group project, 30% negotiation simulation performance, two short written assignment - 20% (10% each)

COURSE DESCRIPTION AND AIMSThe aim of the course is to provide the students with knowledge concerning interpersonal communication characteristic and rules. On basis of such theoretical framework students shall be able to understand and analyse process of interpersonal communication in everyday life. Furthermore basic knowledge on negotiations (types, ways of conducting, various factors influencing success of that process) and some set of negotiation tools will be presented. It is worth mentioning that emphasis will be put on the contextual, not universal, employment of particular negotiation approaches and strategies.

CONTENT Communication

1. Introduction to interpersonal communication: - sign, symbol, signal etc. – the most important concepts of semiotics.2. Interpersonal communication as socially determined feature.3. Verbal and nonverbal communication.4/5. Discourse analyze.

Negotiations6. Negotiation as a particular kind of strategic communication.7. Types of negotiations.8. Business negotiations as particular type of negotiations9. Job interview as a example of strategic negotiations 10/11. Negotiations in the multicultural environment.12 - 14 Negotiation simulation and analyze

LEARNING OUTCOMES

On completion of this module a student should be able to:

understand meaning and role of most important concepts of semiotics - sign, symbol, signal etc. understand social dependence and contextuality of communication situations describe potentially preferable context (environment) for particular negotiation situation choose potentially most effective negotiation tool in particular situation analyze negotiation situation and understand interaction process adapt acquired knowledge to multicultural context

TEXTBOOK19. S. Trenholm, A. Jensen, Interpersonal Communication, Oxford University Press, 200420. Howard Raiffa, The Art and Science of Negotiation. Harvard University Press, 198221. D. W. Hendon, R. A. Hendon, P. Herbig, Cross-Cultural Business Negotiations., Quorum Books, 1996.

READINGS:12. Basso, Keith H., 1990, "To Give up on Words": Silence in Western Apache Culture” in: Donal Carbaugh, Cultural

Communication and Intercultural Contact., Lawrence Erlbaum 13. Gumperz, J. 1992, “Interviewing in Intercultural Situations” in: Drew, P. & Heritage, J. Talk at Work: Interaction in

Institutional Setting, Cambridge University Press.14. Hammer, M.R. & Rogan, R.G., 1997, “Negotiation models in crisis situations: The value of a communication based

approach.” in: R.G. Rogan, M.R. Hammer, & C.R. Van Zandt (eds.). Dynamic processes of crisis negotiations: Theory, research and practice (pp. 9-23). Westport, CT: Praeger Press.


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15. Labov, William, 1972, Language in the Inner City: Studies in the Black English Vernacular, University of Pennsylvania Press., pp: 297-353

16. McCreary Don R., 1986, Japanese-U.S. Business Negotiations: A Cross-Cultural Study. Praeger Publishers, pp: 24 - 75


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Tax Policy


PREREQUISITESBasic microeconomics and macroeconomics


LEARNING APPROACH30 hours, 50% lectures, 30% problem sets, 10% students’ presentations

ASSESMENTStudent performance on short test, presentations and final exam (1.5 hours) will constitute the basis for the final grade. Grading: tests (20 %), presentations (20%) and final exam (60%).

AIMSPresent introduction to tax theory and reality. Discuss current policy issues

CONTENT Taxation and income distribution Taxation and efficiency Efficient and equitable taxation Taxation and behaviour Income taxes VAT Excise duty Other taxes Tax harmonization and competition

LEARNING OUTCOMESOn completion of this course a student should be able to: Understand basic principles of tax theory Name and discuss basic taxes Follow current tax discussion

TEXTBOOKSH. Rosen, T. Gayer, Public Finance, 8 th ed., Mc Graw, Hill, 2008J. Simon, Ch. Nobes, The economics of taxation, Prentice Hall, 1992B. Salanie, The economics of taxation, The MIT Press, 2003


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Practical use of Technical and Fundamental Analyses


Prerequisites:Macroeconomics – Introductory, Current Issues of European and Global Economy

Unit coordinatorMaciej Podlaski

Learning approach:30 hours consisting of 60% lectures, and 40% problem solving and discussion of current real-world forex and stock exchange market issues and examples. Active student participation is highly expected and encouraged.

Assessment: Final exam (2 hours) 60%, 8 short quizzes (15 minutes) 5% each.

Aims:Introduce and familiarize students with ways of different and most common market analysis.

Content of lecture:1. Trading platforms (description of the tool; platforms available; how to choose the best platform; trading platform vs.

brokerage account; tour around the platform used during the module)2. Introduction to trading language (ask, bid, stop loss, take profit, spot, order, forex, softs etc.)3. Technical analysis (introduction to technical analysis; what is technical analysis; primary rules of technical analysis;

technical analysis vs. fundamental analysis)4. Charts (kinds of charts (linear, japan candles, columns, renko etc.; logarithmic vs. natural scale; Japan candles charts

as a basis to technical analysis)5. Trend – tendency (setting a trend; increasing trends; decreasing trends; horizontal trend; braking of a trend; Dow’s

theory)6. Resistance & support levels7. Distinctive prize formations (tendency continual price formations; tendency reversal price formations)8. Indicators/oscillators (RSI; MACD; Stohastic; Other)9. Elliott’s Wave Principle and Fibonacci Number Theory10. Technical analysis in trading11. Fundamental analysis – introduction12. Traders most important macro economical subjections13. Most influential macro economical indicators/publications (USA; Asia; Europe;Poland)14. Trading wallet, trading strategies and psychological attitude

Learning outcomes:At the completion of the module the participants should:

1. be able to prepare short, mid, long term technical analysis generating trading signals2. be able to supplement technical analysis by fundamental analysis.3. have comprehensive knowledge considering current USA, Europe, Poland economy situation.

Textbooks:1. Technical Analysis Applications In The Global Currency Markets Second Edition by Cornelius Luca2. Technical analysis from A to Z 2nd edition by Steven B. Achelis

Recommended reading:1. Applying Elliott Wave theory profitably by Steven W. Poser


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Energy Security and Climate Protection in the European Union


PREREQUISITESNone

UNIT COORDINATORPiotr Woźniak, M.Sc.

TEACHING METHOD15 hours : 80% lectures, 20% problem sets.

ASSESSMENTFinal written exam (60%), assigned homework (2 x 10% = 20%), 4 quizzes: (4 x 5% = 20%).

AIMSTo provide students with knowledge of the EU legislation on energy and climate change. The course concentrates on acquis communautaire, especially on regulations, directives and decisions, dealing with energy markets, energy security and climate protection. The course covers also basic commitments of the EU and the EU Member States under the UN Framework Convention on Climate Change and its Kyoto Protocol. Energy crisis management is introduced following the procedures of the International Energy Agency (IEA).

CONTENT 1. Basic definitions of energy and energy markets.2. Current UE legislation on energy (natural gas, electricity).3. Energy Charter Treaty and Kyoto Protocol interactions with the EU legislation.4. Energy security and energy crisis management; the EU rules, the IEA mechanisms and procedures.5. Legislation and policy for climate protection.6. Advantages and disadvantages of the EU approach to climate protection.

LEARNING OUTCOMESOn completion of this module students shall become familiar with the EU legislation on energy and on the energy policy objectives. The course allows students to assess and understand the impact of energy regulations on competitiveness of the regional and national economies in the EU.

RECOMMENDED READINGS*1:Directive 2003/55/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in natural gas and repealing Directive 98/30/EC; OJ L 176/57Directive 2003/54/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in electricity and repealing Directive 96/92/EC; OJ L 176/37Council Directive 2004/67/EC of 26 April 2004 concerning measures to safeguard security of natural gas supply; OJ L 127/92Council Directive 2006/67/EC of 24 July 2006 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products (Codified version); OJ L 217/8White Paper: An Energy Policy for the European Union COM(95) 682 finalAn Energy Policy for Europe COM(2007) 1 final Limiting Global Climate Change to 2 degrees Celsius - The way ahead for 2020 and beyond COM(2007) 2 finalDirective 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community andamending Council Directive 96/61/EC; OJ L 275/32Proces decyzyjny w Unii Europejskiej; UKIE, Warszawa, 2005RELEVANT INTERNET SOURCES:www.ec.europa.eu/index_en.htmwww.encharter.org www.iea.orgwww.unfccc.int

1 * Please note, that the EU legal documents on energy and climate are subject to frequent amending and/or repealing and replacing with other equivalent pieces of legislation; in case of any change students shall be informed about as soon as amendments or new documents are officially published by the Commission


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http://www.unfccc.int/

http://www.iea.org/

http://www.encharter.org/

http://www.ec.europa.eu/index_en.htm

Introductory Fiscal Policy


PREREQUISITESIntroductory Macroeconomics, Introduction to Economic Analysis (comparative static analysis), Mathematical Economics


TEACHING METHOD30 hours, 100% lectures

ASSESSMENTExam (1.5 hour) 70%, midterm – 30%

AIMSFiscal policy is a counter-cyclical tool that policy-makers can use along with monetary policy. Yet it has caused a lot of controversy as, in the past, governments failed to limit public deficits that accumulated into large public debts. One reason is that fiscal policy is highly politicized. This led to its demise after an episode of broad application, based on optimistic views about its efficiency. Subsequent theory focused on limitations of the practical use of fiscal policy and supported introduction of rules versus discretion; the role of automatic stabilizers has been enhanced. These issues will be illustrated, among others, by the European Stability and Growth Pact. The current global financial crisis that has led to the deepest recession since World War 2 revived discretionary fiscal policy for two reasons: the depth of a slump and inefficiency of monetary policy. However, strongly expansionary policies, conducted by a number of largest economies in the world, will end up with large deficits and a period of unprecedented debt accumulation in the peaceful times. The issue of public debt sustainability and risks of fiscal destabilization once the crisis is over have come to the fore. We will take up these issues as well.

In brief, this course will refresh your knowledge of fiscal policy from the course in principles of macroeconomics and expand it. We will apply theory to the actual world problems. The principle aim of the course is to give you underpinnings for a critical appraisal of applied and proposed fiscal policies and its consequences.

READINGMichael Burda and Charles Wyplosz, Macroeconomics, A European text, 4th edition, Oxford University Press, 2005 (BW)Rudiger Dornbusch, Stanley Fischer and Richard Startz, Macroeconomics, 10th edition, McGraw-Hill Int’l Edition (DF); you can also use 9th editionAlpha Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, McGraw Hill, 4th Edition, 2005 (ch. 8)Robert J. Gordon, Macroeconomics, 10th edition, Pearson Addison Wesley, 2006 (RG)

CONTENTShort run:Fiscal policy in the Keynesian model - various multipliers, twin deficit fallacy (DF ch. 9 )Fiscal policy in the Mundell -Fleming model aka IS - LM model of a small open economy (BF ch. 10 -12; BW ch. 10 and 11, Chiang ch. 8 ) under flexible and fixed exchange ratesMidterm examFiscal policy in the AD-AS model (BW ch. 12 and 13)Limitations of fiscal policy: lags, politicization, diagnostics (RG ch. BW ch. 16; DF ch. 17.1 - 17.6)

Long run:Government intertemporal constraint (BW ch. 5; DF ch. 13 pp.331-335)Deficits and debts; (ch. BW 15; DF ch. 19.6)


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Risk Management


CO-ORDINATORArun D’Souza

COURSE DELIVERY30 hours (lectures).

ASSESSMENTParticipation in Group Discussion (10%);Mid-term test: (20%) - 1 case study; 2 [out of 3] calculation exercises;Student Project Assignment (20%) 1 individual or group assignment;Final Examination (50%) - 1 case study; 1 compulsory essay; 3[out of 4] exercises.

BRIEF DESCRIPTIONThe course will highlight, why nowadays, numerous Start Up Companies fail and International Companies have turned insolvent. All manner of business risk ‘icebergs’ from gyrating currencies to product recalls to environmental mishaps – can destabilise companies. To avoid costly surprises, Risk Management to become an integrated part of an Internal Operational Development Projects.General Guidelines for implementation of an efficient risk management system accompanied by Case studies will be presented and Students will be guided through with Mapping of all Business Risk Exposure; supported by practical tips to monitor and manage business risks on time.A dilemma in Corporate Houses still exist – To Merge or To Acquire (M&A) or Go-it- Alone. The course will develop a due diligence template that will assist the students to assess risk by examining the key components of the acquired company’s business.In conclusion, Risk Management method tailored to the company needs will ensure that risks are identified and handled, increase the possibility for project success and the average cost related to projects are reduced. Despite of all recorded benefits, there are Risks associated with Risk Management.

CONTENT

Introduction: Current Economic & Market situation o what impact has global recession on business?o the dilemma of accounting: high precision, low relevanceo why risk management to become an integral part of strategic planning?

Risk Management – Methodology & Mapping of Risks o Definition of Risko Models for Risk Management – In Theory

o Risk Man, Monte Carlo, Mini Risk,o Overview of Models

Risk - Analysis, Controls, Continual Improvemento Illustration of Risk Management Overview of Models in

Multinational Company (A) & (B) Exercise – a) Questionnaire / Inquiry & Mapping of Risk Exposure

Risk Management Guidelines: Implementation in General o Efficient Risk - Management, Analysis, Controls, Continuous Improvements.

Risk Assessment in Mergers & Acquisitions o Primary Reasons why Mergers failo Risk Assessment

o Assess the critical factors that determine the success of the M&A transactiono Isolate the factors by type: Financial, Operational, IS/IT/Regulatoryo Assemble Objective Info. for assessing risk and ongoing monitoringo Build models systematically to review risks on a continuous basiso Provide for feedback mechanism

o Ten Merger Commandments – to be kept in mind alwayso Group exercise : Program Check list 10 categories –for pre-acquisition process

Benefits with Risk Management Risks with Risk Management

LEARNING OUTCOMES: When the Students have finished this course, they should be able to:


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- clearly understand, that in a Company, one can’t be content with a helicopter view.Only thoroughness, diligence and transparency are to be the guiding principles for the Risk Management Activities.

- identify and manage Business Risks, even those which are veiled behind statistical models or blindly hedged with complex financial instruments, or well hidden in the Balance Sheet away from untrained eyes.

- complete an accurate Mapping of Business Risk Exposure leading to a consciousness of risk and subsequent introduction of preventives as well as back-up activities which are obviously the keys to efficient risk management.

- understand the importance of due diligence exercise for any Merger & Acquisition transactions and ensure making firm decision whether particular items of (M&A) information are essential to proceeding; are important in determining acquisition structure and price; are relevant to representations; or are unimportant and inapplicable.

READING REFERENCES:

1) Booz, Allen, Hamilton, (2004), Redefining the Corporate Governance Agenda: From RiskManagement to Enterprise Resilience’.

2) Lam, J, ERisk, (2000) ‘Enterprise-wide risk management and the role of the chief risk officer’.3) Shroeder, PW, Copenhagen Business School Press, (2006)‘Impediment to effective Risk Management, in perspective

on Strategic Risk’. Chapter 44) Peter Howson, Gower Publication Ltd, (2003), ‘Due Diligence – the critical stage in Acquisition and Merger’.5) Denzil Rankine & Peter Howson, Pearson Education Limited, Great Britain, (2006), ‘Acquisition Essentials – a

step by step guide to smarter M&A Deals’ 6) Knight, R. & Pretty, D., Oxford (1997) ‘The Impact of Catastrophes on Shareholder Value’.


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TEACHING STAFF

Professor Wojciech Bieńkowski, Ph.D.

Present Academic Position

Dean, Business College, Lazarski School of Commerce and Law, Warsaw, Poland;Director, US Economy and International Business Relations Institute, Lazarski School of Commerce and Law;Fellow at the Institute for Applied Economics and the Studies of Business Enterprise, Johns Hopkins University, Baltimore

Education and Research

1968 Warsaw School of Economics (formerly - Main School of Planning and Statistics in Warsaw, Faculty: Foreign Trade) - M.A. diploma

1978 Ph.D. diploma1993 D.Sc. diploma1971 - 1972 University of Rochester, NY, USA; Ph.D. Studies1984 - 1986 Harvard University, Cambridge, Mass., USA; Visiting Scholar1991 - 1992 Nagoya City University, Japan; Visiting Scholar02/ - 06/1994 George Mason University, USA; Visiting ScholarFall 2005 Harvard University-visiting scholarFall 2006 The Johns Hopkins University-visiting scholar

Several short-term research studies in:Germany ( RFE/RL Institute in Munich), Austria, Italy (The Rockefeller Conference and Study Center at Bellagio) and University of Rochester, New York.

PublicationsAuthor and co-author of dozens of articles and several books published by such publishing houses as Palgrave-Macmillan (USA-UK) , Cambridge University Press (UK), M.E. Sharpe (USA), Maruzen (Japan) and PWN, PWE (Poland) and at scientific journals: Harvard International Review, Comparative Economic Studies, Journal of Comparative Economics, Bank of Austria.

Business Experience1993-1995 Director, International Department

National Environmental Fund (NFOŚiGW )1995-1998 Vice-President, National Environment Fund1998-1999 Executive Director, European Investment Fund

Member of several supervisory boards, including the Environmental Bank and the Polish Agency for Foreign Investment

MembershipHarvard Alumni Club in Poland (Vice-President)W. Fulbright Scholar AssociationSalzburg Seminar Alumni Association Foreign Trade Faculty Graduates AssociationAssociation of Polish Economists (TEP)

Other2006-2007 Adviser to Poland’s Minister of Economy 06/2009 - present Editorial Board Member of“ Eastern European Economics”

Dr. Bogna Gawrońska – Nowak

Assistant Professor, Institute of Economics, University of Lodz, 2002 and at the Lazarski University. Ph. D. in Economics (Regional Diversification of Unemployment in Poland in the 90-s), University of Lodz, Socio – Economic Faculty, Institute of Economics, 2003, co-author of UNDP Report W trosce o pracę, co-author of UNDP Report, Warsaw, Poland. She participated in a number of prestigious programmes, e.g. 2003, participation in the project for The Chancellery of the Prime Minister of Polish Government, Analysis of barriers for women from rural areas and small towns in asserting their legal rights, co-authors: A. Zarzycka, J. Jura.

Selected publications:

Gawrońska – Nowak B., [2001], Włoski rynek pracy – wnioski dla polskiej polityki zatrudnieniowej, [w:] Kaja J. (red.), Przemiany i perspektywy polityki gospodarczej, SGH, Warszawa


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Gawrońska –Nowak B., Kaczorowski P., [2000], Regionalne niedopasowanie na rynku pracy a zmiany poziomu zatrudnienia w Polsce, „Ekonomista”, Nr 2.

Gawrońska – Nowak B., Kwiatkowski E., Kubiak P., [1998], On Some Determinants of Regional Unemployment in Poland in Transition, Univerista di Padova, “Discussion Paper”, Nr 2

Kwiatkowski E., Gawrońska B., [1995], Regionalne zróżnicowanie bezrobocia, [w:] Sztanderska U. (red.), Rynek pracy w Polsce 1993-1994, IPiSS, Warszawa.

Wojciech Grabowski, M.ScMA, Warsaw School of Economics. University of Lodz- Chair of Econometric Models and Forecasts; Lazarski University, Warsaw. Fields of teaching: Theory of Econometrics, Advanced Econometrics,Statistics, Forecasting and Simulations, The Basics of Economic Modeling, Research Methods, Information Technology. Research Interest: Asymptotic Theory, Cointegration, Qualitative dependent-variables models, Currency crises and contagion.


Stationarity Testing and Error Correction Models for Censored Time Series- in: Proceedings of the 32-nd International Conference Macromodels, Wydawnictwo Absolwent, Łódź 2006.

Integrated Time Series in Binary Choice Models- in: Proceedings of the 33-rd International Conference Macromodels, Wydawnictwo Absolwent, Łódź 2007.Asymptotics for Integrated Time Series in Binary Choice Models, in: „Metody Ilościowe w naukach ekonomicznych", Wydawnictwo SGH, Warszawa 2008, Qual-VECM approach in modeling currency crises, in: Proceedings of the 35-th International Conference Macromodels, Wydawnictwo Absolwent, Łódź 2009.

Dr Jarosław Jura

EDUCATION2006 University of Warsaw, Faculty of Sociology and Philosophy, Institute of Sociology, PhD in Sociology,

dissertation title: Social functions of eating and drinking behaviour. Anthropological study of contemporary BeijingMajor: Interactional Sociology, Sociology and Anthropology of Food Minor: China studies

1996 University of Lodz, Faculty of Economics and Sociology, Master of Science in SociologyMajor: Sociology of Communication, Sociology of Culture Minor: Interactional Sociology

PRESENT POSITIONsince 2007 research fellowship, Institute of Civic Space and Public Policy, Warsaw

AREAS QUALIFIED TO TEACHSociology, Sociology of Organization, Sociology of Culture, Sociology of Communication, Negotiations, Cross-Cultural Business and Organization Culture, Conversational Analyse, Qualitative Methods, Social Anthropology, Asian Studies, Chinese Studies, Social Transitions in Contemporary China, Asian Business Culture

CURRENT SCHOLARLY INTEREST

Globalisation, Social and Cultural Change, China Studies, Interaction Behaviour Patterns Changes, Sociology of Food, Internet Influence on the Personal Identity

SELECTED PUBLICATIONS

Jura J., “Chinese Table manners. Consequences of Hybridisation” in: D. Schirmer, G. Saalmann, Ch. Kessler (ed.), Hybridising East and West, LIT – Verlag, Munster, 2006

Jura J. (co-writer), 2004, “Rozdział VI” in: M. Boni, S. Golinowska (red.), W trosce o pracę. Raport o rozwoju społecznym Polska 2004, Program Narodów Zjednoczonych Ds. Rozwoju, Warszawa

Jura J., Nykiel R, Żelazo K., 1997, „I tu jest pełna zgoda” in: M. Czyżewski, S. Kowalski, A. Piotrowski (ed.) Rytualny chaos. Studium dyskursu publicznego, Wyd. Aureus, Kraków

Piotr Kłossowicz, MA


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MA in English Philology, Warsaw University (1995); in 1994 scholarship at University of Warwick, UK (Theory of Translation, British History and Culture, Jewish Studies). Teaches English as a second language at Lazarski University since 1999 and Academic Writing since 2003. Works also as a translator & interpreter i.a. for the Trade Section of the UK embassy in Warsaw; translated several books, including Oxford Dictionary of Biography and The Breaking of Nations. Law and Order in 21st Century by Robert Cooper.

Łukasz Konopielko, Ph.D

MA in International Economics, University of Sussex, UK. PhD in Economics (awarded 2000) University College London, UK. 1998-1999 Researcher in financial reforms in Eastern Europe. Central and East European Economic Research Center, Warsaw. Freelance researcher. Projects in key industrial and service sectors in Poland- Euromonitor, London. 2008- Lazarski University, Warsaw. Lecturing courses in finance, intro to business and globalisation.


Provision of teleinformatic services by infrastructure enterprises (z J. Wytrębowicz) in: Information Technologies in Economics and Innovative Management (ed. J.T. Duda) AGH University of Science and Technology Press, Kraków 2007Foreign Banks entry into Central and East European Markets: motives and activities , Post-Communist Economies, vol.11 no.4, pp. 463-485 Dec.1999 (ISI 1463-1377).The Emergence of Contractual Savings Sectors in Transition Economies: Business and Policy in the Rise of the Non-State Pension Fund, (with R. Charlton and R. McKinnon), European Journal of Financial Services, 3(3), pp.24-47, July 1999.Chapter: “Banking and Other Financial Services”, pp.161-171 in: The Central and East Eastern Europe Handbook, Fitzroy Dearborn Publishers, Chicago, 1999.Non-State Pension Funds: Private Sector Developments in Transition Economies, (with R. Charlton and R. McKinnon),Glasgow Caledonian University, Faculty of Business Working Paper No.17, January 1999.

Andrew J. Kurnicki, MBA

Lecturer at the School of Management, University of Warsaw, Member of US Chambers of Commerce and Trade Organization, President – EuroAmerican Company, USA, Investment Banker – Legg Mason, USA, Chairman – RAPS S.A. – Polish/American Comp, President - Grand Hetman LtD, USA, M.A.S. - The Johns Hopkins University, USA, Executive Program – Harvard, MIT – Boston, USA.

Rafał Matera, Ph.D.

Present Academic PositionAssistant Professor, Lecturer, Lazarski School of Commerce and Law, Warsaw, Poland;University of Lodz (Faculty of Economics and Sociology, Department of History of Economic Thought and Economic History)

Education and Research1996 University of Lodz (Faculty of Philosophy and History), M.A. diploma2001 Ph.D. diploma

(Economic History, History of Economic Thought, International Relations, World Economy, Transatlantic Relations)

PublicationsAuthor and co-author of more than 60 articles and 4 books published by such publishing houses as PWN, KiW (Poland) and at scientific Polish journals: International Relations; Economics.Monographs:1. Economic Integration of Nordic Countries, Wydawnictwo Adam Marszałek, Toruń 2001.2. [co-author Janusz Skodlarski], The World Economy. Origins and Development, Warsaw 2004.3. Paulus Kruger. Biography of Boer President, Europejskie Centrum Edukacyjne, Toruń 2004.4. [co-author Paulina Matera], The US – Europe. Political and Economical Relations.1776-2004, Warsaw 2007.5. G8 as the Institution of the World Economy, Łódź 2009.

Business Experience & Public Functions2003-2005 Program Director of COPE (Congress of Political Economists)

MembershipCOPE (Directors board)


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Dr Richard Mbewe

Formerly Chief Economist of Warszawska Grupa Inwestycyjna S.A. Lecturer at Lazarski School of Commerce and Law, and at Wyższa Szkoła Działalności Gospodarczej. TV & Radio economic commentator. 2000 Canadian Executive MBA University of Calgary/SGH. 1996 Ph.D. University of Warsaw, Institute of Developing Countries, Faculty of Geography and Regional Studies. 1991 M.Sc. Warsaw University of Technology, Faculty of Chemical and Process Engineering.

Research areaInternational Economics, International Finance, International Marketing.

Publications (selected articles)1. Gudowski J & Mbewe R., 1997. The IMF and World Bank in Zambia’s agriculture. In “Africana bulletin” nr. 48 Warsaw

University Press.2. Mbewe R., Globalizacja: Tak ale tylko z biednymi. Rzeczpospolita nr. 216, 15.09.2001.3. Mbewe R., Za mało zmian. Nasz Rynek Kapitałowy 9/141. Wrzesień 2002.4. Mbewe R., Wielkie prywatyzacje a rynek walutowy Home & Market. nr. 12 (101). Grudzień 2000.5. Mbewe R., Raport rok po ataku: Terroryzm a gospodarka. Inwestor Finansowy, 2002.6. Mbewe R., 2003. Czy to kres oddziaływania monetarnego na gospodarkę. Życie Warszawy, 20 January 2003.7. Mbewe R., Przyszłość prywatyzacja w Polsce. Inwestor Finansowy; 2001.

Dr Jarosław Neneman

University of Lodz. M.A. diploma. Summer School of Economics, Olsztyn, Poland (lecturers: H. Varian, Leonardo Leiderman, Guillermo Calvo). Central European University (Prague, Czech Republic), Postgraduate Studies in Economics, MA in Economics (1992). Ph.D. diploma (1997). Ministry of Finance, advisor, Chief of political cabinet (2003 - 2004).Ministry of Finance, Undersecretary of State, responsible for tax policy (2004 - 2005, 2006). Centre of Tax Documentation and Studies, Lodz, Deputy director (2006 , 2007-). Present academic position: Lecturer, Institute of Economics, University of Lodz, Lecturer, Lazarski University, Warsaw.


What taxes do you pay?, in: „Economics for dummies”, CEDEWU, 2007 (in Polish)Public Finance Reform. Taxation and public spending in: „What reforms are needed in Poland”, coauthor, CASE, 2006.Tax reform in Poland, in: “Vital Areas for Economic Reform”, ed. B. Błaszczyk, CASE, 2006 (in Polish)The Reform of Indirect Taxation in Czech Republic, Hungry, Poland and Romania, CASE, 1998Soft Budget Constraints; co-author, in: Growth, Restructuring and Unemployment in Poland, ed. T. Tokarski, University of Łódź, 2002 (in Polish)

Dr. Maciej Turała

1996-1998 - a two-year scholarship to a British secondary school (Forest School, London) awarded by the Stefan Batory Foundation (Poland) and the Headmasters’ and Headmistresses Conference (Great Britain). M.Sc. in Management in Marketing, specialization: Accounting, Department of City and Regional Management, University of Lodz. Ph.D. degree in economics at Department of City and Regional Management, University of Lodz. Since July 2005 - Secretary of the Polish Section of the ERSA.


In print: „Measuring the financial autonomy of local governments with a Local Autonomy Index”, prepared in co-operation with L. Oulasvirta, Working Paper No. 40, Glasgow Caledonian University. [in English]

„Analiza dochodów i wydatków Łodzi na tle dochodów i wydatków jednostek samorządu terytorialnego w Polsce” („An analysis of incomes and revenues of Lodz with regards to incomes and expenditures of Polish local governments”), in: D. Stawasz (ed.), „Ekonomiczno-organizacyjne uwarunkowania rozwoju regionu (teoria i praktyka)” („Economic and aroganisational aspects of regional development – the theory and practice”), University of Lodz Press, 2004. [in Polish].

”Financial autonomy and budgeting performance of local governments”, conference publication of the 17th European Advanced Studies Institute in Regional Science, Split, 2004. A CD-ROM publication (ISBN number 953-6024-64-0). [in English]

„Autonomia finansowa jednostek samorządu terytorialnego w Polsce” („Financial autonomy of Polish local governments”), in: Zofia Kołoszko-Chomentowska (ed.), „Współczesne problemy zarządzania organizacjami publicznymi”, Politechnika Białostocka, Białostocka Fundacja Kształcenia Kadr, Białystok 2003 [in Polish].

„Rola budżetów prorozwojowych w zarządzaniu finansami JST” („The role of pro-development budgets in managing local government finance”), in: Bożena Piechowicz (ed.), „Zarządzanie organizacjami publicznymi – wybrane zagadnienia” („Managing public organisations – chosen aspects”), Fundacja Współczesne Zarządzanie, Białystok 2003 [in Polish].


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“Integrated management of local government finance – means of attaining development. Case study of twin cities: Lodz and Tampere”, OPEN MINDS conference publication, CASE Foundation, 2003 [in English]

Piotr Woźniak, Ms.c← Master's degree in geology, Warsaw University. 1992- 1996 he was a Commercial counselor at the Commercial Counsellor's

Office (in Montreal) of the Embassy of Poland in Ottawa. 1998- 2000 - Adviser to the prime minister for infrastructure. 2004 -2005- Chairman of the Board of Directors of Ence.Eko Limited, and responsible for consulting in the field of investment projects in the power industry. 2004 –2005- Expert of the Parliamentary Committee investigating irregularities at Poland's PKN Orlen (Polish Petrol Company). 2005 – 2007- Minister of Economy

Other achievements

Member of several Supervisory Boards: EuRoPol Gaz S.A. (August 2000-December 2001) and Gas Trading S.A. (December 2000-February 2002), PGNiG S.A. (December 1999-July 2000), EkoFundusz Foundation (May 1998-September 2001), KUKE S.A. (July 1998-January 2002) and member of the Council for Motorways (October 1998-December 2002). In 2002 he was elected deputy to the Council of Warsaw, Vice-Chairman of the Economic Development and Infrastructure Committee.

Prof. Krytyna Iglicka

Education:2003 habilitated doctor in Economics, University of Warsaw.Ph.D in Economics, Warsaw School of Economics.1988 M.Sc in Economics, University of Warsaw.

Employment:Since September 2007 – Associate Professor, Lazarski University.

October 2003 till August 2007: Associate Professor, L. K. Academy of Management, Warsaw.

February 1999 till September 2003, Assistant Professor, L. K. Academy of Management.June 1999 till September 2003, Assistant Professor, Institute for Social Studies, University of Warsaw.May 1993 – June 1999, Assistant Professor, Institute for Statistics and Demography, Warsaw School of Economics.May 1988 – May 1993, Research Fellow, Institute for Statistics and Demography, Warsaw School of Economics.

Academic Experience:October 1993-December 1993: visiting faculty member: The Curtis L. Carlson School of Management, University of Minnesota.September 1996 – August 1999: Co-ordinator of the Polish Migration Project at the School of Slavonic and East European Studies, University College London (teaching and research). September 1999 - June 2000: Senior Fulbright Fellow, Department of Sociology, University of Pennsylvania (research).October 2003 till present: member of the Scientific Board at ISS UW and a Research Fellow.

Professional Experience:January 2001-February 2004: Director, Migration and Eastern Policy Program, Institute of Public Affairs, Warsaw. September 2000 – October 2003: Deputy Director, Institute for Social Studies (ISS), University of Warsaw.

January 2002 till present: Polish government advisor and expert on migration policy (Ministry of Internal Affairs and Administration, Ministry of Foreign Affairs, Ministry of Labour and Social Policy) March 2004 till present: Coordinator of Migration and Homeland Security Project, Centre for International Organisation, Warsaw. Since 2000 till present: consultant or expert to various international organisations e.g. European Commission, International Organisation for Migration, OECD.

Andrzej Nałęcz, Ph. [email protected]

Education1995 – 1999 Tadeusz Reytan 6th Secondary School in Warsaw, graduated cum laudae1999 – 2004 Graduate studies at Faculty of Law and Administration, Warsaw University, graduated cum laudae with a

master’s degree in law2004 – 2008 Doctoral studies at Management Faculty, Warsaw University2008 Doctoral defense at Faculty of Law and Administration, Warsaw University

Professional Experience


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mailto:[email protected]

2004 – present Academic teacher in administrative law at Management Faculty, Warsaw University

Specialization and PublicationsI specialize in administrative law, my main interest being the scope of the allowed interference of administrative bodies in the affairs of individuals. I have published several articles on the disrectional powers of administration and on administrative fines in public business law. I am the co-author of a public business law textbook to be published later this year.

Dr. Andrzej Kondratowicz

e-mail:[email protected]

Present Academic Positions Associate Professor (full-time), Lazarski University, Warsaw, Poland Senior Lecturer (part-time), Economics Department & American Studies Center,

University of Warsaw, Poland

Previous Positions/Activities Faculty member at the Warsaw University, Dept. of Economics since 1977;

and at the American Studies Center since 2000, except: 1981-84: graduate studies at SUNY Stony Brook, USA

1991 (March-June): visiting professor at the University of Sussex, School of European Studies, Brighton, UK

1991-1997: subsequent editions of Int’l Summer School of Economics at Kortowo, Poland [sections in macro and micro-economics to the lectures of prof. Hall Varian and Carl Simon (Michigan), Guillermo Calvo (WB), Ron Jones (Rochester), Leonardo Leiderman (Tel Aviv), Richard Jackman (LSE), Stan Wellisz (Columbia), and Alvin Marty (CUNY)]

former General Director of the Adam Smith Research Centre (ASRC),a free-market-oriented think tank in Warsaw - currently member of the Supervisory Board

Freelance English translator of economic literature (a.o. Friedman’s Capitalism and Freedom)Education1988: Ph.D. Dissertation, University of Warsaw:

[Credit and Monetary Policies Stimulating Private Sector Growth in LDCs]1981-84: State University of New York (SUNY) at Stony Brook, NY, USA; graduate studies in economics:

M.A. (doctoral track) awarded in 1984; two years of the Ph.D. Program completed (42 credits)1972-77: University of Warsaw, major: political economy, M.A. Degree, 1977

Current Fields of Research & Teaching & Publications SMEs, economic freedom, macroeconomics; dozens of articles and papers presented at conferences abroad and in Poland, co-author of several chapters in books, scientific editor of three books (a.o. publications in Praeger and Routledge)

International Academic Experiencerepeated visits to over 30 countries of Europe, the Mediterranean, Asia, and the Americas (conferences, fellowships, lecturing, study visits, multi- and bi-lateral cooperation programs)

Dr. Katarzyna Kopczewska

PH.D. (doctor)

Education (Beyond High School):

2007-now Assistant Professor - Warsaw University – Faculty of Economic Sciences – Chair of Public Sector Economy,2003 – 2007 Ph.D Student - Warsaw University – Faculty of Economic Sciences – Chair of Public Sector Economy, Title of

Ph.D. thesis: “Geographical rent in socio-economic development in Central and Eastern Europe” Supervisor prof.J.Kleer, reviewers: prof.J.Wilkin, prof.R.Bivand

1998-2003 M. A. in Economics: Warsaw University, Faculty of Economic Sciences, Econometrics and Computer Science, final note: very good Title of M.A. thesis: „Initial Public Offering on Warsaw Stock Exchange in 1992-2001 – factors and effects analysis”

Professional experience:


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2007 – now CASE – Center for Social and Economic Research – leader of projects in regional science (for FP7, DG REGIO, Ministry of Regional development); position of external senior expert

2007 – now Morgan International Company, Chartered Financial Analyst (CFA) course – preparation to examination – lecture in quantitative methods (in English)

2003 – now Faculty of Economic Sciences, Warsaw University (main workplace) – Mathematical Statistics (laboratory), Spatial econometrics in R (lecture), Financial and Statistical Analysis In Excel (laboratory in Polish and English), Practical Investing (laboratory), Microeconometrics (laboratory in English)

2003 – 2006 Center for Experimental Economics, R.Kudlinski OLYMPUS University, Warsaw – coordinator, workshops in experimental economics

2003 – now R.Kudlinski OLYMPUS University, Warsaw, - Advanced Econometrics (lecture), Experimental economics (lecture), Mathematical Economics (lecture), Spatial economy (lecture), Financial mathematics (lecture and laboratory)

2003 – now Collegium Civitas, Warsaw - class of econometrics (in Polish and English)

Academic and professional appointments: VII’2007 Participation in Summer School in Bratislava (Slovakia), The Modelling of (Spatial) Interaction, organized by

European Congress of the Regional Science Association) and PREPARE as a part of EU Marie Curie project Since X‘2006 Coach in SENSE project (Strategic Economic Needs and Security Simulation Exercise) with U.S. Institute of

Peace, National Defense Academy (Poland) and Institute for Eastern Europe, Warsaw University (Poland)IX ’ 2004 Scholarship in Katholike Universiteit Leuven (Belgium) – bilateral exchange of Warsaw University with KU

LeuvenXII ‘ 2002 Scholarship funded by National Bank of Poland for international tutorial „Financial Markets and Central

Banks” - European Central Bank, Frankfurt/ Main Honours and Awards:II’2005 Second prize winner of best M.A thesis contest in field: Promotion of financial instruments placed on Warsaw

Stock Exchange, organised by: Foundation for Capital Market Education and supported by Warsaw Stock Exchange and Ministry of Education and Sport

I ’ 2004 First prize winner of young scientists contest; Essay on “Capital Market in a day before Polish accession to European Union”, organised inter alia by University of Szczecin, Polish Economic Society Research and grants:

2007-2009 Participant in grant founded by Committee for Scientific Research at Ministry of Education and Science (No. N112 014 32/0569) Grant title: „Public sector – local approach”

2005-2008 Participant in grant founded by Committee for Scientific Research at Ministry of Education and Science (No. 1 H02C 075 28) Grant title: „Analysis of social awareness of Poles; usage of methods of experimental economics in research and education”

Research Project, books and publications:2008, forthcoming Geographical aspects of socio-economic development, book edited by Warsaw University, ca.210

pages (published in Polish) (forthcoming 2008)2008, forthcoming Quantitative Methods in R, book edited by (? – negotiations are open), (eds. Kopczewska

Katarzyna, Kopczewski Tomasz ), ca.400 pages, published in Polish2007, forthcoming “Geographical Rent In Socio-Economic Development In Central And East European Countries” In

Europe and its Regions, Gerd Grözinger, Katharina C. Spies and Wenzel Matiaske (eds.), Cambridge, UK: Cambridge Scholars Press, (forthcoming 2007).

2006 „Spatial Statistics and Econometrics with use of R”, book edited by CeDeWu, Warsaw, 160 pages (published in Polish: Ekonometria i statystyka przestrzenna z wykorzystaniem programu R CRAN)

2004 How do shares splits influence prices of securities – case of Warsaw Stock Exchange, in Rynek kapitałowy – mechanizm, funkcjonowanie, podmioty, ed. Bernat T., Polskie Towarzystwo Ekonomiczne, Szczecin 2004 (in Polish)

2004 „Bank and Credit ” (edited by National of Poland) – Analysis of effects of Initial Public Offering on the Warsaw Stock Exchange, Nr 2, February 2004 (published in Polish)

2004 „Bank and Credit” (edited by National of Poland) – Analysis of determinants of Initial Public Offering on the Warsaw Stock Exchange, Nr 1, January 2004 (published in Polish)

2003 „EKONOMIA” (edited by Warsaw University) – Optimal contract for ticket controllers in public transport. Experimental testing of Principal-Supervisor-Agent model, nr 11’ 2003 (published in Polish)

II’2003 Social Science Research Network – Optimal Contract for Ticket Controllers in Public Transport. Principal-Agent–Supervisor model Application – text in English, ranked as one of Top Ten in Experimental Economics in SSRN (III-IV, 2003)(published in English)

Research Interests:Technical: quantitative methods in economics (statistics and econometrics) - traditional and spatial, spatial modeling with use of GIS maps, R programme and environment

Fields: spatial socio-economic development, regional science, regional development problems, experimentaleconomics, public sectorTeaching: using MS Excel in statistical and financial analysis – from basic (statistics) to advanced models (eg. Monte Carlo)


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Marie Hines, PhD

EducationPhD Business & Management (OB/HRM Division), Nottingham University Business School, 2005 –viva autumn 2009.

Area of studyCEE transition, cross-cultural interactions, HRM practices in MNCs, knowledge transfer, global skills, management training & development, teamwork.

Dissertation‘Local managers’ values-based reactions to transfer of Western HRM practices in FDI and non-FDI companies: case studies in Poland’. Theoretical frameworks:- institutional, managerial learning. Method:- qualitative case study, interviews, observations, documentation, grounded theory. Supervisor: Anna Soulsby.

Skills Technical – using interactive teaching techniques including case study method, seminars, workshops, simulated role-

plays, presentations. Analytical – developing courses and lecture schedules, assessment methods, marking criteria and feedback formats,

compiling reading lists and other resources. Assessment - using problem-solving approach for MBA level: case-study-based assessment, examination setting and

marking for BA/BSc. Tutoring – one-to-one, or small group focused skill development based on needs analysis used in MBA groups or in-

company training. Teamwork – participating in developing standardisation of assessment, sharing experiences in assessment meetings. Communication – oral and written, including: presentations and written reports in electronic formats (Word,

Powerpoint), case studies for students.

Subjects and levels BSc/BA: Organisational Behaviour, Human Resource Management, Business Communication, MBA/EMBA: Communication & Interpersonal Skills, Managing People, Management & Communication Skills,

Intercultural Management & Ethics, Organisational Development & Managing Change, DMS: Advanced Professional Development.

Employment Visiting Lecturer current-2003 LSBM, LGSM, Lazarski University, CECOS LondonB/E Consultant 2003-2002 Target (Warsaw), Linguarama (Bucharest)Account Director 2002-1987 CBF, LondonV/Software Consultant 1987-1984 BOS Software, London

PhD training modulesQualitative Research, Quantitative Research (SSP), Philosophy and Epistemology in Management Research, Current Issues in Management Research.

Training Assessment: International External Examiner (Business modules) – Edexcel,Teaching: CELTA – International House.

Publications (chapters in international monographs)Hines, M. 2006. “Cultural identity in a context of integration and globalisation”. In Tomczonek, Z. (ed.). Wybrane Problemy Panstw Europy Srodkowo-Wschodniej w Dobie Globalizacji (Selected Problems of Central and Eastern European Countries in the Age of Globalisation) Bialystok: Technical University Press.

Hines, M. 2005. “Effect of globalisation on work practices in a workplace”. In Jaskievich, J.C. (ed.); Slavianskije Strany w Uslowiach Sistemnoj Tranformacij i Ewropiejskoj Integracii (Central European Countries in Conditions of Transformation and European Integration). Brest: Izdatielstwo BGTY.


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Expert reportsHines, M. 2008. Cross-cultural application of HRM practices: findings from case study companies in Poland. for internal use.

Arun D’Souza

EDUCATIONAL QUALIFICATION :Title of Qualification awarded MastersMajor Subject : Business Administration (Accounting, Auditing, as major),Name of University University of Bombay’

WORK EXPERIENCE01/04/2008 on going Financial Controller – European Division Sales & Marketing Main activities & Preparation of Business Plan/Forecast – product, segment, market sizeresponsibilities & sales trend,

Ensuring 100% report compliance of Sales and Marketing Report on weekly / monthly basis,Screening of Potential Buyers and customer’s Credit worthiness,Responsible for Group Management Reporting (UK, Germany, Spain. Portugal, Italy, East Europe) Strict control of Company’s Receivables and monitor the effectiveness of the Collection Mechanism,Controls regarding Pricing, Cash Discounts, Rebates, Department Expenses and Marketing Costs etc,Market Intelligence Report – competitors network, promotional activities, pricing, new product launching,Creation of control tools, Monitor Business Operational costs, Reconciliation of Gen. Ledger Accounts ( AR; AP; Reserves, Accruals, Prepay etc)Management of optimal Cash Flow and Currency Risks, Measure credit exposure, Control risk of losses from credits offered,Overseer of Total Insurance, Legal & Tax Compliance in Sales & Marketing,

01/06/2007 – 31/12/2007 Self –employed for VDC Technologies: Production & Marketing of TV’s, DVD, Digital Photo Frames, Air-conditioners.

Main activities &Responsibilities Chief Accountant / Financial Controller

Manage, motivate & train the accounting, analyst team,Creation of control tools, Monitor Operational costs, Hands on approach and Overseeing of proper accounting of transactions,Reconciliation of Gen. Ledger Accounts ( AR; AP; Reserves, Accruals, Prepay etc)

01/06/2004 – 31/05/2007 Berlitz International Group Poland: Language Study Centre / Printing Press Publication

Main activities &Responsibilities Manager Finance and Administration

Hands on approach and Overseeing of proper accounting of transactions,Manage the Accounting/ Finance/ Controlling Teams,Implementation of Financial System inclusive of Assets and Inventory Modules, Maintain on line support and effective communication between the Business Units

01/07/1995 - 31/05/2004 Buraimi Group, Oman: Production and Marketing – Rock Mining Division/ Building of Shipping-Jetty Port

Main activities &Responsibilities Manager - Finance & Administration / Business & Finance Controller

Mentoring and developing resources across accounting, finance and controlling areas,Financial Controls and Planning & Group Consolidation, SAP project Leader and Start Up of a Shared Service Centre Accounting in Warsaw,

Volvo Polska Warsaw (Volvo AB Group) - Business Fin. Controller 6 yrs

Renault Polska Warsaw (Volvo AB Group) - Manager - Fin & Admin. 3 yrs Production & Marketing - Automotive Industry Spare parts ; (Volvo Trucks, Bus, Construction & Equipment; Renault Trucks & Spare Parts)

Maciej Krzak


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Assistant Professor, Lazarski School of Commerce and Law. Head of Macroeconomic Forecasting Team at CASE (Centre for Social and Economic Research) in Warsaw. Consultant for the PKPP Lewiatan (Polish Confederation of Private Employers).

Education: Ph. D. in Economics from SGH in Warsaw (1984),Doctoral program at Wayne State University M.A. in Economics from Wayne State University in Detroit (1993).

Research areaMacroeconomics of open economies, monetary theory and policy, fiscal policy, monetary integration,

Selected publications

Sytuacja na międzynarodowych rynkach finansowych (an article in a book edited by Jan Winiecki), forthcoming 2009

Portugalskie zaniechania – memento dla polskiej polityki fiskalnej (Portuguese Complacency – a Postscript for the Polish Fiscal Policy), CASE, Zeszyt nr 94, February 2008

Oddzielnie do euro (Euro Accession – Apart) in: Perspektwy wejścia do strefy euro, CASE, Zeszyt nr 85, June 2006

Poland: growth dividend not high enough for Maastricht fiscal criterion to be met, The Vienna Institute for International Economic Studies (WIIW), Monthly Report No. 4/2006

Kurs walutowy i wzrost gospodarczy (The exchange Rate and Economic Growth) co-authored with Stefan Kawalec, “Gospodarka Narodowa” 9/2001: 48-71.

Zewnętrzne szoki a reakcje polityki pieniężnej (Monetary Policy Responses to External Shocks), „Bank i Kredyt” no. 7-8, July 2000, National Bank of Poland (www.nbp.pl)

Is Direct Targeting an Alternative for Central Europe ? The Case of the Czech Republic and Poland, co-authored with Helmut Ettl, Focus on Transition 1/1999, National bank of Austria, OeNB (www.oenb.co.at).


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http://www.oenb.co.at/

http://www.nbp.pl/

USEFUL VOCABULARY AND TERMS

Assessment: methods of evaluation of student’s performance in the class. It consists of final examination, and may include midterm examinations, presentations, group work, short papers, tests, etc.

Compensation: a possibility to get a pass without taking a re-sit examination when student’s grade is 38% or 39% and his/her overall average mark is equal or higher than 45%.

Core Courses: courses (modules) which are obligatory and constitute the core of the MSc Programme.

External Examiner: an examiner who does not belong to the faculty of Lazarski University, or that of the University of Wales who is appointed from a different British university to ensure that the assessment practice is fair and conforms to the British education standards.

Internal Examiner: an examiner who belongs to the faculty of Lazarski University and who marks students’ examination papers. Final examinations are marked by two internal examiners.

Learning Approach: It shows the way classes are conducted. Usually it says whether it is a lecture or discussion group or a combination of both.

Moderator: a professor nominated by the University of Wales to ensure that the teaching and assessment practices conform to the rules agreed in the submission documents and to the British education standards.

Optional courses: courses (modules) which are elected by the student and indicate his/her area of specialization.

Participation: a part of assessment which indicates students activity in the class. Simple presence is not enough, and participation sometimes includes short tests given in the class to check if students did their homework.

Re-sit examination: a second examination for a failed course.

Repetition: a course which is taken again because the student failed.


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Students Handbook Babe 2009 10

Documents

Transcript of Students Handbook Babe 2009 10