World economics

The educational program 6B04104 – The world economy has as its goal the training of highly professional specialists who are able to freely navigate in the variety of theoretical and applied problems, modern trends and prospects of the world economy, possessing both universal and subject-specific competencies that contribute to their social stability and sustainability at the national and international labor markets. 

Teaching within the EP is carried out on the basis of modern theoretical and methodological developments in the field of the world economy, aimed at mastering the methods of analyzing the conjuncture of the world commodity and financial markets, factors of increasing the competitiveness of goods and services, forms of foreign economic activity and international settlements, patterns of the course of integration processes in the world , activities of international economic organizations. 

The content of the educational program 6B04104 – The world economy is built on the basis of modular and competency-based approaches based on the results of annual monitoring and improvement of educational programs. The specification of the educational program presents the detailed content of the program and the plan for its development. EP trajectories are aimed at deepening students’ knowledge and obtaining skills in the professional field. For each trajectory, courses of disciplines were developed taking into account the specifics of the existing scientific schools at the university, the individual interests of the student himself, the needs of the labor market and the opinions of employers.

Academic degree: bachelor’s degree in economics and business

Elective subjects at the UNT:

Geography + Math

UNT disciplines (for applicants in a related specialty): 

Fundamentals of Economic Theory + Organization Finance

Form of training: full-time, full-time with a shortened period of study

Duration of study:

• 4 years after secondary education
• 3 years after secondary vocational education
• 2 years after higher education

Within the framework of the specialty “World Economy”, you are offered the following narrow areas of study to acquire special knowledge and skills in the field of world economy:

• International trade and economic relations
• examines the movement of prices in the world commodity markets and makes forecasts;
• various areas of professional business services are studied (support of international transactions, selection of methods and tools for conducting foreign economic operations, implementation of business interaction with state authorities, including customs control);
• legal regulation of international trade (removal of barriers to access of Kazakhstani goods and services to world markets, protection of the relevant markets of our country).
• International financial and credit relations
• servicing of foreign economic, currency and credit, financial and business activities;
• ensuring the formation and use of information about the assets, liabilities, income and expenses of enterprises, organizations and institutions;
• rational organization of financial and economic relations of objects.

• Practice-oriented training
• Using innovative learning technologies
• Training in Kazakh, Russian and English languages
• Knowledge of two foreign languages after the end of the program;
• Practical training in the best domestic and foreign companies in Kazakhstan;
• Academic mobility;
• Highly qualified teaching staff;
• Training and 95% employment of competitive graduates;

• Global economy
• Negotiation techniques
• International business
• International Banking (International Banking System)
• World Commodity Markets (International Trade Markets)
• Financial markets of foreign countries
• Global information resources and the network economy

At the graduating department of the specialty “World Economy”, classes are conducted by highly qualified specialists, including 7 doctors and 12 candidates of Economic Sciences, 3 doctors of Sciences. Every year, teachers undergo research internships, advanced training courses abroad, as well as courses to improve the English language. The main task of the team is to ensure further improvement of the level of training of competitive specialists for the global market. Employees of the department regularly take part in international scientific and practical conferences, symposiums, congresses in the countries of near and far abroad; publish articles, scientific reports, theses in scientific publications of foreign universities and other scientific centers.

Specialists, business coaches, businessmen and representatives of foreign companies, foreign teachers are involved in improving the practical skills necessary for rapid adaptation in the international business environment. Their practical experience, combined with theoretical, methodological, and fundamental foundations, enriches the educational process in this specialty.

• conduct work on the economic and technical assessment of enterprises for the purpose of their acquisition,
• coordinate the activities of functional domestic and foreign experts and consultants,
• to monitor the implementation of the timing and quality assessment 
• to organize the financing of investment projects, 
• to attract investors, 
• conduct financial modeling and analysis 
• to work with debt investment instruments, 
• accounting and tax accounting, 
• to form the internal financial statements of the company 
• to enter into contracts, 
• to represent the interests of the company in the customs and tax and other authorities, 
• to calculate the wages and taxes 
• personnel engaged in politics 
• cooperation with foreign banks, 
• to communicate with customers and maintain a database

• Sanzhi University, Urumqi, China
• Institute of World Economy and Finance, Astrakhan, Russia
• Faculty of Economics, Lomonosov Moscow State University, Russian Federation
• Northwestern University, China
• University of Applied Sciences Zittau-Gerlitz, Germany
• Baltic International Academy, Latvia
• All-Russian Academy of Foreign Trade of the Ministry of Economic Development of Russia
• Varna University of Economics, Bulgaria
• University of Berjaya, College of Hospitality, Malaysia
• Pamukkale University, Turkey
• American University of Girne, Turkey
• American University of Kibris, Turkey
• Istanbul Arel University, Turkey
• Kastamonu University, Turkey
• Kyrgyz-Russian Slavic University named after Yeltsin
• University of Management and Science, Malaysia
• London School of Marketing
• Latvian Business College
• Virginia International University
• Erzincan University, Turkey
• Kent State University, USA
• Gallen University

Dual Degree Programs:

• Latvia Business College
• Istanbul Arel University, Turkey

Academic mobility programs:

• Jalal-Abad State University Kyrgyz Republic, Jalal-Abad
• Institute of World Economy and Finance, Astrakhan, Russia
• Zh. Balasagyn Institute of Management and Business, Kyrgyz Republic
• Kastamonu University, Turkey
• Mevlana Exchange Programme:
• Kastamonu University, Turkey
• HITIT University, Turkey
• Erzincan University, Turkey
• Erasmus +
• Varna Economic University, Bulgaria
• GUESSS Project
• St. Gallen University

The professional activity of a specialist with an economic education in the specialty “World Economy” is carried out in the foreign economic, monetary and financial spheres, both at the national and international level.  Graduates of the specialty “World Economy” are focused on senior positions in important strategic departments of enterprises and banks.

Graduates of the specialty “World Economy”, who have the necessary knowledge and skills at the end of this educational program, have every chance to prove themselves in:

• state structures: ministries and departments related to the organization and regulation of foreign economic activity;
• non-state structures related to foreign economic activity;
• commercial structures that enter the foreign market or depend on the import of goods and services;
• law firms that provide services to Kazakhstani and foreign firms in the field of trade policy;
• international departments of state and commercial banks;
• insurance companies;
• travel agencies;
• as highly qualified analysts, experts, researchers and teachers in the field of world economy and international economic relations.