Study Abroad | Budapest
Fall 2026: Academics

Course Code: ACC 191

Instruction Language: English

Includes foundations, techniques and basic items on the financial statements such as: inventories, property, plant and equipment, receivables – payables, corrections, revenue recognition, etc. Although the course is not designed to explain a specific set of accounting regulations, the specific Hungarian rules will be discussed in brief.

Course Code: ACC B07

Instruction Language: English

The aim of the course is to introduce students to the context of international accounting systems in a practical way. The course focuses on financial reporting under International Financial Reporting Standards (IFRS) and the basic context in which it is prepared.

Course Code: ACC 314

Instruction Language: English

This course introduces students to the generation of cost data for the preparation of proper, representative financial statements, and for optimal planning and control of routine operations and long range organizational goals. It focuses on the uses of formal cost accounting systems and quantitative techniques to make managerial decisions. Topics include: direct absorption income statements, job and process costing, allocation and proration, pro-forma and capital budgeting.

Course Code: OPR 060

Instruction Language: English

The course aims at giving general overview of integrated business architectures and business information systems with special respect to business process management methods and tools, enterprise resource planning software and the field of their applications. The main goal is not teaching the usage of the software, but demonstrating methods, tools and real life scenarios and solutions.

Course Code: ACC 001

Instruction Language: English

The current international corporate tax system was designed more than a century ago and is based on outdated principles of tax residence and source. Developments in globalization and digitalization have left these principles increasingly out of synch with the economy of today and the made tax rules increasingly difficult to apply to modern business realities. The course wants students to understand and think about the challenges of international tax law. However, in order to be able to think about tax law, students must first be familiarized with some basic notions. The lectures provide the frame during which such knowledge is obtained. The main topics covered are as follows: working abroad, employee incentive schemes, investments, transfer pricing, tax treaties and the elimination of double taxation, withholding taxes, EU direct tax directives, EU current trends.

Course Code: ART 305

Instruction Language: English

The goal of our course is to find out about these layers and aspects, and to gain first hand experience through organized city walks. By going on tours and strolls in Budapest students will learn about the history, culture, music, architectural heritage, the multi-ethnic and ideological complexity of this city, as they are articulated, shaped and preserved in the contemporary urban space.

Course Code: ART 301

Instruction Language: English

The aim of the course is to present how the recent history of Hungary is reflected in literature, film and visual arts. The course if offering an overview of the twentieth century history of Hungary, as well as an outline of how art is reflecting on key historical events. During the course we are going to look for traces of history in the urban spaces of Budapest, we will visit important locations and intriguing institutions. We will also discuss issues contemporary works of art raise, and their critical societal visions. The course aims to achieve its goals through the implementation of an intermedial and interdisciplinary view.

Course Code: ART E20

Instruction Language: English

This course takes on a hands-on, practical approach to help students to better understand visual language, to be able to distinguish between quality photographs from random shots. In a world full of visual images that surround us and communicates with it is not only useful but also necessary to understand their nature.

Course Code: BUS 401

Instruction Language: English

Covers the characteristics students would need to develop to be successful in business and how new or existing businesses generate their product or service ideas and test them through market research.

Course Code: BUS 498

Instruction Language: English

Familiarizes students with basic philosophical concepts and principles of ethics; will understand and analyze the ethical dimensions of everyday business practices and help students become more aware of their own moral beliefs as well as the beliefs of others.

Course Code: BUS 32N

Instruction Language: English

The course aims to introduce students to the theoretical background of innovation and R&D. Students will learn about the institutional environment of innovation, its stakeholders and innovative business development.

Course Code: COM 041

Instruction Language: English

Employers demand strong oral communication and presentation skills. This course will not only provide students with opportunities to acquire and practice the communication skills they will need to be successful in workplace relationships, persuasion, and information exchange strategies, and the communication knowledge, competencies and skills needed to organize and prepare clear, concise and interesting presentations and oral/written business communication. Finally, in developing the skills needed to communicate effectively in these and global contexts, students can embrace opportunities for both critical thinking and applied problem solving.

Course Code: BUS CSR

Instruction Language: English

The concept of Corporate Social Responsibility can be applied to business organizations as a mechanism for measuring social, environmental and ethical performance. CSR efforts are often publicized in sustainability reports, but the intentions and the performance behind reporting are ambiguous and make critical evaluation necessary. The course is aimed to synthetize theory and practice, providing the main approaches, models and assessment tools to corporate sustainability and CSR, while testing their relevance and application in the real world.

Course Code: MAN 17M

Instruction Language: English

The course starts with a short historical introduction to give an understanding of the field of decision theory. This is followed by a primarily problem-centred approach to the subject, which incorporates several case studies, role playing, self-assessment tests and various applications. The course provides a comprehensive examination of issues in personal decision making: how to describe the processes involved in forming judgements, how to plan actions and evaluate consequences, how to understand the dynamics of social decision making in the context of conflicting personal objectives, how to manage risk. Techniques for aiding decision making and methods for embedding these techniques into the decision making processes are explored and investigated.

Course Code: OPR 030

Instruction Language: English

The aim of the course is to provide the students with main concepts of decision theory, in particular preference modelling, decisions under uncertainty, multi-criteria decision making, voting and ranking. Multi-criteria decision support softwares are used in the seminars in order to model and solve practical problems. Decision and voting paradoxes make the course more colorful. Case studies of decision making, ranking and voting are included.

Course Code: OPR 212

Instruction Language: English

Provides a multidisciplinary approach to the various organizational contexts where managers work. Problem structuring, modeling, decision-making and its techniques will be considered, with specific emphasis on their practical aspects. This course is intended for students in the various management disciplines.

Course Code: BUS 444

Instruction Language: English

The course aims to enhance the readiness of the students as future experts to contribute to the emergence of a regenerative economy. It demonstrates through team work how early implementation of regenerative practices capitalizing on green digitalization can serve as blue ocean strategy also at firm level.

Course Code: DIG 052

Instruction Language: English

EAM stands for Enterprise Asset Management. After completing this course, students will be able to understand the principles and frameworks of EA (Enterprise Assets), including the benefits of EA, how to achieve business and IT alignment, and how to integrate information technology into an organisation's strategy, mission, and goals. They will also be able to identify the different actors involved in planning IT systems and how to achieve complete mutual agreement between them. Students would be taught to use tools like ArchiMate to create EA artefacts to describe an architecture at a business, application, data, and technology level.

Course Code: DIG 005

Instruction Language: English

The course is a combination of lectures and seminars. Within the framework of the course, participants get acquainted with the basic international theories, concepts and practices of e-business. Classes are held through exercises that require independent work, collaboration, and creative solutions. Students will prepare written business plans in small teams as part of the course and present their plans at the end of the semester. During the classes, they work alone, in pairs or in smaller groups, meanwhile exploring case studies and being involved in group discussions. Seminars will often cover practical subjects or discuss findings provided by participants, we strongly build on the international feature of the group and the cultural differences and special experiences of the students.

Course Code: BUS 310

Instruction Language: English

This is an intensive course for students who want to better understand how evolving technologies are affecting all of our lives in a profound way. Students will be exposed to a wide variety of emerging technologies and gain an understanding of how and why every industry on the planetis faced with fundamental changes. Students willbe challenged to debate the merits and drawbacks of robotics and automation on the global workforce.

Course Code: BUS 098

Instruction Language: English

The aim of the course is to develop students’ analytical skills of policy analysis. The course provides theoretical and historical background of international trade policies, as well as the global trading system. The course also introduces students with the possibilities of quantitative analysis of global trade and trade policies. The course relies on theoretical knowledge on trade theory, and basic quantitative methods learned in other courses.

Course Code: OPR 031

Instruction Language: English

The aim of the course is to present the tools of participatory decision-making and to provide students with practical experience in their application. During the course, they can learn about the elements of conscious and responsible decision-making by analysing and discussing problems at the societal level. In the first half of the course, participants will experience specific participatory processes. Reflecting on the experience, it is also possible to observe and analyse group decisions and to identify psychological processes for decision-making. In the other half of the course, students will get to know more about participatory tools and their areas of application in connection with decision planning, which will be explored in their own preparation with seminars. The course concludes with a comparative analysis and evaluation of several tools that can be used in decision support. In the process, students reflect on their individual and group decisions and their cultural aspects at several points, through which they also examine the appearance of rationality in the decision-making process

Course Code: OPR 518

Instruction Language: English

The course is based on the paradigm of strategy-oriented project management. Students gain knowledge and skill regarding such project management tools that are in use in the course of implementing single (both internal and external) projects. Students who complete the course successfully are able to work as project team member and to provide assistance (as a junior project manager) to project managers in an efficient manner.

Course Code: BUS 003

Instruction Language: English

During the semester, students work in groups of four on project-based exercises. The projects are partly based on real company cases and partly on case studies. The respective topics of the projects are: positioning of the company and its external environment, the role of resources and capabilities in defining strategy, operations management, strategy selection and implementation.

Course Code: OPR 001

Instruction Language: English

The course aims to introduce the basic theory and applications of optimization and quantitative model building. The students will be introduced to several basic optimization models as well as model building techniques and solutions. The ability to recognize when these quantitative methods can be applied is the main goal of the course, as well as the model formulation, solution and interpretation of the results.

Course Code: MAN CEM

Instruction Language: English

Curriculum covers traditional operations and logistics management topics, like issues concerning the company’s logistic and production system and its supply (purchasing). On the other hand, emphasis is placed on the processes carried out across cooperating firms within a supply chain. Production, order processing, transportation, warehouse, and inventory management, purchasing have a crucial role in an effective and efficient supply chain management. The course discusses the problems of these processes in a supply chain context and introduces tools suitable for planning and managing them. Customer and supplier relationship management problems are dealt with, special type of supply chains and their characteristics are also analysed. The course introduces those strategic decisions and practical management tools through which the performance of a company’ logistics and operations processes and the whole supply chain can be increased.

Course Code: BUS 035

Instruction Language: English

The course is planned for students who, while not specialists in environmental issues, would like to receive insight into causes of environmental problems and the possible corrective actions that can be taken at company level. Topics of sustainability, and instruments of environmental policy will be explained. The course will analyse environmental strategy options of firms and selection of environmental tools that exist in the corporate toolbox, together with the circumstances that influence the correct choice among strategies and tools.

Course Code: DIG 01M

Instruction Language: English

Successfully and continuously bringing technological innovations to market has always been a challenge for organizations. This course examines innovation from a management perspective, enabling students to improve how they can contribute to the process and management of technological innovation. With the rise of technology start-ups innovation is becoming more open requiring changes in how companies manage innovations. In this course students will learn concepts tools and best practices of innovation to understand processes that underpin technological innovation and how to generate value from technology.

Course Code: BUS 083

Instruction Language: English

The course aims to collaborate with unconventional business models in order to facilitate "green digitalization" capable of addressing both challenges: the social impacts of technological advancement and the climate crisis that propels the emergence of the Anthropocene. Through the combined utilization of various analytical methods, the course assists in identifying intricate patterns of innovative business solutions while examining a wide array of real-life cases.

Course Code: BUS 439

Instruction Language: English

The course is aimed at presenting the methods and approaches currently in use in the field of strategic management. The successful completion of the course provides the participants with the skills and abilities to assist the strategic management process in companies, small and large alike.The theoretical background of strategic management will be presented by interactive lectures, where the audience is strongly encouraged to raise and discuss issues. The home case assignments should be done in small groups, while these cases will be discussed during selected classes.

Course Code: BUS 499

Instruction Language: English

Provides a creative environment for testing ideas on the controversies and complexity of Corporate Social Responsibility (CSR) and Social Entrepreneurship. Students learn about the diverse background of CSR (corporate philanthropy, business ethics, strategic management, etc.), the various existing – and often competing – approaches to this management concept by looking at best and worst business examples.

Course Code: DIG 011

Instruction Language: English

The course aims at deepening the software development knowledge of students. In the framework of the course students will learn how to work in teams during a development project. They will get familiar with advanced version control strategies and methods, as well as with standards regarding the structure of the code. Through getting to know and apply the different development patterns and antipatterns they can deepen their software engineering knowledge and skills. During the semester students will also get an insight of the options of connecting to other software through the application of API solutions and implementation of the required architectures, as well as into some practical applications of machine learning and metaheuristics.

Course Code: DIG 004

Instruction Language: English

The course discusses the basic concepts of relational database management systems and the necessary practical knowledge, laying the foundations for confident data modelling, storage and use. The course also describes the basics of relational data modelling, the tools and steps of normalization, which will enable students to design, normalize, and implement a database suitable for a given business problem in a relational environment.

Course Code: DIG 082

Instruction Language: English

Intelligent systems course provides a comprehensive, up-to-date guide to today’s revolutionary management support system technologies, and it demonstrates how they can be used for better decision making. The Intelligent Systems course provides a general manager’s perspective and practical skills on the role of today’s information systems and IT technologies (ERP systems, process management tools, decision support systems, data warehouses, business analytics, data mining and artificial intelligence) in the digitisation of business processes.

Course Code: DIG 059

Instruction Language: English

In today’s world, we generate vast amounts of data containing valuable insights about ourselves and the world around us. Extracting and interpreting this information requires modern tools and approaches that go far beyond traditional statistical methods. This course aims to equip students with techniques for analysing and learning from data of diverse structures and scales. It begins by addressing the computational challenges of working with large datasets, then covers key topics such as predictive modelling, unsupervised learning, time series forecasting, artificial neural networks, and text analytics. Alongside mastering these methods, students will strengthen their programming abilities and develop skills for effectively communicating the insights gained from their analyses.

Course Code: STA T0M

Instruction Language: English

This course presents the most important techniques used in the analysis of cross sectional and panel data when the aim is to draw causal relations between two variables. The course presents these methods in a comprehensible way and places large emphasis on understanding how to interpret the results and under what conditions they can be considered as causal relations (instead of simple correlations between to variables). The discussion of the econometric methods is accompanied with examples. In the seminars students use the R software and practice how to employ the methods on real data. The course is crucial for learning how to accomplish high-quality policy analysis.

Course Code: DIG 014

Instruction Language: English

During the course students will get an overview of the theoretical background and the software tools of business data analytics in data warehousing environment. They will gain practical experience of building data warehousing applications through accomplishing various assignments, including tasks of business data analytics and visualizations.

Course Code: DIG 009

Instruction Language: English

This course aims at developing these IT and analytical skills of students to automatize, evaluate and optimize business processes and solve decision problems. Transactions, data structures, protocols, data extraction methods applied in these integrated systems will be acquired by students.

Course Code: OPR M02

Instruction Language: English

Topics that are discussed during classes: Data analysis, review of basic terms, Explorative Statistics (Qualitative and quantitative Data, Frequency distributions, Stem and Leaf displays, Descriptive statistics: Measures of central tendency: mean, median, mode, Measures of variability: range, variance, standard deviation, Boxplot for detecting outliers, Scales of measurements, Shape of a distribution, Normal distribution, Skewness, Kurtosis) The MEANS Procedure (Inferences about the population mean and about the difference between two means, Rejection region and acceptance region of a hypothesis, One-Sample t-Test for the mean, t-Test for the difference between two means, Paired t-Test, Pooled variance, Empirical significance level), Simple linear regression and correlation (Covariance and correlation coefficients, Covariance matrix, correlation matrix, Estimation of regression model, Ordinary least squares, Slope and intercept, ANOVA Table, F-test of the model, Plots, Interpretation of the results) Multivariate regression (Residuals, Testing the Hypothesis that some coefficients are zero, Model building, Multicollinearity, Stepwise regression, Outliers, Qualitative variables, Dummy variables, Non-linear models, Goodness-of-fit tests in multivariate regression) Aggregating Variables (The principal component approach, Principal Component Analysis, The eigenvalue problem, Generalization to r principal component, Communality or variance explained) The exploratory factor analysis model (Estimation of the factor model using principal components, Determination of the number of factors, Factor structure matrix, Factor rotation, Varimax method, Factor scores) Cluster analysis (Hierarchical and non-hierarchical clustering. Methods of aggregation. Interpretation of dendrograms. Interpretation of characteristics of clusters.) Discriminant Analysis (Predicting Group Membership, Assumptions Underlying Discriminant Analysis, Coefficients for the Discriminant Functions)

Course Code: DIG 002

Instruction Language: English

This course aims at introducing the foundation of data science and applied tools. Python programming language is presented in more detail. The students will be capable of applying algorithmic methods, methodologies and thinking to data analytics processes and data-driven business problem-solving and decision-making. They will use the Python programming environment, which is widely used in data science, to gain hands-on experience in programming structures, algorithms, data types, and object-oriented programming among others, and to understand the programming paradigm, its advantages, and limitations.

Course Code: DIG 012

Instruction Language: English

The aim of the course is to review the typical challenges of large­scale data processing. In the 21st century, IT systems are generating larger amounts of data than ever before, thus requiring new concepts in terms of storage, processing, and management alike. This requires a specific toolkit to enable efficient and effective processing of the data for analytical purposes. Students will gain a basic understanding of the elements of the Big Data Architecture framework, typical operational and data processing challenges, and knowledge on how to use the previously introduced tools when processing large­scale data

Course Code: MAR 162

Instruction Language: English

The course aims to equip future communication and media experts with the skills and knowledge to independently create still and moving image content. Students also develop the ability to provide clear instructions to production teams in professional content creation settings and effectively oversee their work with high expertise.

Course Code: ECO 097

Instruction Language: English

The first half of this course introduces variants of the neoclassical growth model. We begin with the basic Solow model, where agents’ savings behaviour is exogenous. In a second step, we study the infinite horizon Ramsey model, where savings are endogenous. In a third step, we introduce the neoclassical Overlapping Generations Model. The second half of the lecture is devoted to current topics in macroeconomics, including asymmetric information, global games, currency crises, search frictions, and asset price bubbles. In the seminar, we will discuss the techniques needed to evaluate, and to solve dynamic macroeconomic problems.

Course Code: ECO 096

Instruction Language: English

The aim of the course is to give students the knowledge of concepts, models and contexts of the decision and game theory that are used in various subjects of the program.

Course Code: ECO 87M

Instruction Language: English

The aim of the course is to provide an introduction to the main topics and results of behavioural economics and to present its economic applications. The knowledge acquired during the course helps the interdisciplinary understanding of social phenomena.

Course Code: ECO P02

Instruction Language: English

The course introduces the students into comprehensive analysis of economic policy making, covering key policy areas and main concepts of policy analysis framework. The cases are mostly taken from policy events and trends in the EU and in selected CEE countries, with a special regard to Hungary. The aim is to prepare the students to conduct and present policy analysis.

Course Code: ECO 001

Instruction Language: English

After completing the course, students will be able to perform independent analyses of different cross-sectional data using multivariate regression. Lectures will introduce the theoretical basis of the different methods, while practical exercises will allow students to apply the methodologies learned using the statistical software package R. The course emphasizes the importance of posing a problem, formulating an appropriate question, and performing the corresponding economic and model identification task. The steps in the descriptive, predictive, and causal identification processes are discussed separately. The course covers multivariate linear and nonlinear modelling with both continuous and qualitative outcome variables; along with parameter estimation, diagnostics, visualization, understanding the limitations of the models and the criteria for selecting the most appropriate model to use. Through the course, students will learn the process of building a model appropriate for identification, use of model selection, and the limitations of the used model. By the end of the semester, students will work in groups to provide an empirical answer to an economic question of their choice using cross-sectional data and reproducible code and report written in R.

Course Code: ECO 003

Instruction Language: English

This course aims to introduce macroeconomics, basic concepts, questions, problems, and approaches to help students unu0002derstand debates about economic policy and enable them to read and understand newspaper articles about macroeconomic issues.

Course Code: ECO 305

Instruction Language: English

Aims to explore the complexity of political economic and social interactions in the global environment, as well as the rapid changes in different settings and practices caused by global, technological and cultural changes which make it difficult to perceive ethical issues in the era of cultural globalization.

Course Code: ECO 002

Instruction Language: English

Institutional economics is an increasingly important sub-branch of economics. At an introductory level, the course offers access to complex institutional economics concepts, such as rules, organizations, cooperation, and competition. The course introduces institutional economics, particularly emphasizing the so-called New Institutional Economics School, established by Ronald Coase, Oliver Williamson, and Douglass North. Topics to be discussed include formal and informal institutions, bounded rationality, economics of transaction costs, economics of contracts, theory of property rights, theory of collective action, as well as public choice.

Course Code: ECO 009

Instruction Language: English

Game theory is the study of decision problems involving multiple economic agents. Game theoretical reasoning is not only employed in dealing with economical problems and is widely applied also in other social sciences. This course aims to help you develop a fundamental understanding of core game-theoretical concepts and to show how to construct models to analyze economic, social, and biological phenomena. We will mainly discuss four classes of games: (i) static games of complete information, (ii) dynamic games of complete information, (iii) static games of incomplete information, and (iv) dynamic games of incomplete information. Corresponding to these four classes, we will discuss four notions of equilibrium: (i) Nash equilibrium, (ii) subgame-perfect Nash equilibrium, (ii) Bayesian Nash equilibrium, and (iv) perfect Bayesian equilibrium.

Course Code: ECO 038

Instruction Language: English

Macroeconomics focuses on the concepts, tools relationships and models with which the main questions of the functioning of the economy and the conduction of fiscal and monetary policy can be understood, analyzed and answered.

Course Code: ECO 08M

Instruction Language: English

The topics covered by the course include core elements of all microeconomic courses regarding both sides of the market: the theory of consumer optimization and demand, and the theory of production, costs, and supply. Then we take a step further and analyse market outcomes under different market structures (ranging from perfect competition to monopoly). The course contains an introduction to game theory that can be used to analyse strategic interactions between firms. Some further, more advanced topics (pricing methods, labour market, bargaining, auctions, uncertainty, government regulation) will also be discussed.

Course Code: ECO 076

Instruction Language: English

The aim of the course is to provide an introduction to the foundations of behavioral economics. The field of behavioral economics is too broad to be covered in one course. This course will focus on non-standard preferences, which comprise three topics: a) reference-dependent preferences; b) intertemporal preferences; and c) social preferences. These preferences exhibit systematic deviations from the assumptions postulated in mainstream economics.

Course Code: BUS TOM

Instruction Language: English

The objective of the course is to enable students to understand and analyze the role of the tourism industry in the world’s economic development by learning about its various components and systems. This elective introductory level course is suitable for both master and bachelor study students from many fields of studies ranging from business management, marketing, economy, entrepreneurship to communications for instance, because understanding the dynamics of tourism and its contribution to regions’ and countries’ income and social well-being is vital for all human beings.

Course Code: ECO 415

Instruction Language: English

Aims at analyzing the particular Hungarian regime change events and the transition process, as a leading reformer in the early 1990s, and as a candidate to join the European integration and struggles with economic slowdown, persistent inflation, problems in public finance, and “adjustment fatigue”.

Course Code: ECO 070

Instruction Language: English

The course deals with trade theory, trade policy, international factor flows (especially FDI and migration), the balance of payment, exchange rate movements, the foreign exchange market, exchange rate theories and policies.

Course Code: ECO 006

Instruction Language: English

The goal of the course is to present to students the most important theoretical and practical problems related to international trade and its connection to world economics. Within this framework, the student will study the relationship between international factor supply and specialization, the most well-known causes and the context of international factor flows (capital and labor), economies of scale and monopolistic competition in an international commercial context, will get acquainted with theoretical and practical considerations related to offshoring, the consequences of tariff and non-tariff based instruments, the impacts of global economic institutions. In addition, export subsidy theory will be presented and its effects in addition to the functioning of international trade treaties. The course does this in such a way as to provide the students with theoretical and practical assistance in understanding various business problems. Upon completion of the course, the student will have sufficient theoretical, contextual and practical knowledge and skills to answer the most common challenges in relation to international trade.

Course Code: FIN 510

Instruction Language: English

The course aims to offer an introduction to basic approaches and methods of business valuation. The classes will cover each technique’s limitations and critical challenges, and participants may understand the income- (cash flow-) based, multiple-based and asset-based approaches as well.

Course Code: FIN Q08

Instruction Language: English

The aim of the course is to give students a detailed picture of the role of the banking system in the economy, to get to know the operation of the individual banks, and to understand then challenges affecting the financial system as a whole.

Course Code: FIN 351

Instruction Language: English

Examines the financial needs of corporations and the range of mechanisms available to meet them. Different financial requirements are examined with an emphasis on a comparison of internal and external sources of funds and their relative availability and cost. Topics include capital budgeting, cost of capital, dividend policy, capital structure, current asset management and portfolio theory.

Course Code: FIN Q09

Instruction Language: English

The aim of the course is to master the principles and main practical methods of financial planning, analysis and evaluation. The semester begins with the definition and interpretation of economic cycles and value drivers. We then review the main parts of the financial statements (balance sheet, profit and loss, cash flow) and their analysis. Next we will review the financial ratios and their evaluation. During the fourth class we address the basics and practical issues of valuation multiplies. We will then review the main issues of DCF valuation. During the sixth week, we deepen our knowledge with the help of complex case studies. Last, we have the group presentations. In this course we put a strong focus on financial sustainability.

Course Code: FIN 21M

Instruction Language: English

The aim of the course is for the student to understand the interactions between the products of the international financial markets and the background of the strategic financial decisions of multinational companies. During the quarter, the student identifies and quantifies the exchange rate risk of various business operations (import/export transactions, foreign loans, investments, etc.) and proposes effective solutions (e.g., currency options and futures contracts) to manage the risks. The student understands the difference between national and international funding and asset and liability models and the importance of adjusting the valuation method to the global environment in which a company operates.

Course Code: FIN 109

Instruction Language: English

This course will give the basis of the following courses during the Finance Masters program: Applied Business Valuation, Cases in Corporate Finance, Corporate Planning and Reporting. We will cover topics, that enable student to understand easier the complex financial notions, relations, that appear in the courses mentioned above.

Course Code: FIN 021

Instruction Language: English

The aim of the course is to present the operation and logic of financial markets, the recent trends based on the basic asset pricing knowledge, and to review the most important theoretical contexts and models.

Course Code: FIN 20M

Instruction Language: English

This course offers an in-depth analysis of multinational companies and their investments. It explores how governments and international organizations attempt to influence these activities. The course places a special emphasis on the Central and Eastern European (CEE) region. It provides a comprehensive understanding of the dynamics between multinational corporations, their investment strategies, and the policies that govern them. This knowledge is crucial for anyone interested in the global business landscape.

Course Code: ECO 52M

Instruction Language: English

This course will provide a framework for understanding fiscal policy, governmental budgeting and accounting methods of the public sector. The course offers a perspective tilted towards practice, providing lessons about the feasibility of implementing public policy goals, about the impact of fiscal architecture on reaching substantive policy aims. Students will learn about how recent trends in public administrations towards decentralization, delegation and contracting out implied changes in public financial management.

Course Code: FIN E52

Instruction Language: English

The purpose of the course is to provide frameworks, tools, kills and comfort in the understanding and use of quantitative and qualitative business analysis. The main purpose of the course is to teach students the role of accounting information and intermediaries in the economy and how financial analysis can create value in well-functioning markets. The key elements of financial statements analysis are: business strategy analysis, accounting analysis and financial analysis.

Course Code: FIN EF1

Instruction Language: English

The Student Managed Investment Fund course offers students a practical approach to investment management via learning-by-doing. Students take on the roles of research analysts and work towards making an investment pitch in front of an investment committee of professional asset management company. The main objective of the course is to gain insight into the complex world of financial markets, active investment strategies, portfolio management, and to broaden students’ perspective on sustainability risk and ESG topics.

Course Code: LNG 105

Instruction Language: English

Offered for students who want to acquire a basic command of the Hungarian language which would help them to obtain simple information and to express their requests and/or messages in a simple form. The course is also recommended for students who only need so-called “survival Hungarian”.

Course Code: HIS 368

Instruction Language: English

During the semester, we will investigate the Sovietization of Hungary after the end of the Second World War, the Stalinist political and social system, the phase of state socialism, everyday life during communism and the period of the transition to democracy. We will also analyse the communist dictatorships and the 1989-1990 revolutions in other countries of the region, such as Poland, East-Germany, Czechoslovakia, Romania, and Yugoslavia. The students will watch two feature films connected with the course’s topic and have an opportunity to visit one of Budapest famous sights, the Memento Park

Course Code: HIS 352

Instruction Language: English

Designed as a general survey of the history of Central Europe in the 20th century as well as trends and events in Hungary. Special attention will be paid to visual representation and to understanding historical events, trends and personalities through film analysis.

Course Code: HIS 445

Instruction Language: English

This course provides an overview of the history of twentieth century Europe. With a clear focus on Central Europe and the way how West European states France, Great Britain, Germany) and the superpowers (U.S., former Soviet Union) influenced and shaped political and economic developments in Central and East Central Europe. Country examples will be Poland, former Czechoslovakia, Hungary and Austria.

Course Code: MAN 485

Instruction Language: English

Combines elements of different disciplines ranging from industrial relations, social psychology, personnel management, motivation, recruitment and selection, leadership, communication, manpower planning, aspects of training and development and related processes. It is appropriate for those seeking to follow a career in personnel management to those contemplating careers in other areas of functional management.

Course Code: DIG 030

Instruction Language: English

This course provides students with a comprehensive understanding of the latest technological developments in IT and the application of information systems in organizational contexts – now often termed digitalization or (from a business process perspective) digital transformation.

Course Code: DIG 018

Instruction Language: English

To introduce students to the theoretical foundations, practical applications and limitations of the most important simple supervised and unsupervised machine learning methods. To make them master the machine learning extensions of linear regression, decision tree models, the theoretical and practical foundations of basic dimension reduction and clustering methods. To introduce the conceptual and practical differences between machine learning and statistics. To prepare them to be able to apply machine learning in a business context, in an interdisciplinary approach. Through business examples and project exercises, students will learn how to apply machine learning methods to solve new problems, how to evaluate and interpret the results and how to support their business use.

Course Code: MAN 672

Instruction Language: English

The aim of the course is to provide a basis for international strategy analyses and formulation in global context. The most relevant concepts and topics will be discussed and illustrated by case studies. Some of them are the following: international strategy; reasons for foreign market entry and its main modes; multinational and global industries, configurations of multinational enterprises (MNEs), selection of host country, subsidiaries and their roles in MNEs, across border governance and ethical challenges and dilemmas. The course also intends to familiarize students with international enterprises from different parts of the world and their challenges in international contexts. It is also an ambition to develop skills, which are necessary for those who work in international context. The applied methodologies and interactive teaching are among the tools, by which we would like to contribute to that.

Course Code: ECO 07M

Instruction Language: English

International political economy has been an independent field of science since the 1970s, when scientists coming from different fields started to work together and used an interdisciplinary approach to understand economic processes. The goal of international political economy is not to build general models of the global economy but rather to understand the causes of, and the outcome of those real-life events, that shape our world economy. In order to do that, a multidisciplinary approach is needed.

Course Code: BUS 453

Instruction Language: English

Increasingly, enterprises of all types are required to compete in multiple foreign markets. Understanding the challenges associated with global business activity, and developing skills in these areas, have become essential requirements for success. The International Business course is designed to provide students with the skills, knowledge, and sensitivity required to work within a global environment. The course will involve several different teaching styles. Involvement will be both in an individual format and in teams of up to five (5) people. The class will include formal lectures, case and class presentations, guest speakers and videos.

Course Code: BUS 008

Instruction Language: English

The main goal of this course is to introduce students to the wider concept of transnational corporations and their role (FDI, affecting host countries) and behaviour in the world economy. TNCs are very different from each other; the home country affects its operations. The course introduces these differences, shows how home countries affect the corporate culture and operation of TNCs. The course puts special emphasis on nation states can influence TNC behavior and strategies. The course therefore has a macro approach, but various micro level (business-related) issues are also analyzed.

Course Code: INTERN

Instruction Language: English

This credit bearing internship is a unique opportunity for US college students to intern with the U.S. Embassy in Hungary, supporting the American Corner Budapest (ACB) on the Corvinus University campus. The American Corner offers cultural programming such as lectures and workshops to inform the local community about American society, culture and democratic values. Interns will connect with Hungarian audiences through general programming in which they have opportunities to share credible information about the United States and American values while learning about the Hungarian culture. Interns will participate in the programs of the American Corner Corvinus as co-facilitators, program organizers, create program materials and social media contents, give presentations to high school students or other audience based on their personal interests. The course that accompanies the internship activities aims to improve soft skills like public speaking, presentation and leadership skills via workshop sessions and practical programs. Upon completion of the internship, interns will receive a certificate that is signed by a representative of the US State Department indicating their successful contributions to the program. Speak with your AIFS Abroad Advisor if interested in this experience.

Course Code: LAW 465

Instruction Language: English

This course aims to provide students with the knowledge of legal structures and the operation of international business, tracking the legal forms (trade in goods, protection and licensing of international property rights, foreign direct investment) and basic market entry strategies of firms as they expand into international markets, indicating how law aids, prohibits or influences individual contractual deals.

Course Code: MAN 771

Instruction Language: English

The course is based on the reality that change has become every day’s phenomenon in organizations, therefore a broader discussion of the topic offers valuable addition to the knowledge of the students, having a significant impact on their professional career in most areas of an organization. Organizational changes are discussed in a practice-oriented approach.

Course Code: MAN 686

Instruction Language: English

The course is designed to give students the major principles relating to management across cultural boundaries and define how interpersonal approaches between people of different cultures work. After amply covering the meaning of ‘culture’ and looking at various models of cultural comparisons, the course will focus on the currently important issues. Students will be able to improve their analytical skills and have a better understanding of a real-life cross-cultural management-related challenges from existing global and multinational organizations.

Course Code: MAN 576

Instruction Language: English

The course is designed to introduce students to the main theories and concepts of innovation and provides basic understanding of how innovative activities are managed. Among other things it deals with the concepts of open innovation, disruptive innovation, social innovation and “frugal” innovation.

Course Code: MAN 669

Instruction Language: English

The Management skills course reflects current research and practical concerns, while acknowledging the changing nature of workplace, the need to create meaningful and healthy work environment, with specific attention to motivation, stress management, smart work practices and positive leadership culture.

Course Code: MAN B01

Instruction Language: English

The course focuses on the leader and the organization. It aims to shed light on the principal professional activities (functions) of an executive, and to enable students to model organizational structure by studying the five major forms.

Course Code: MAN 81M

Instruction Language: English

The course aims to enhance students’ strategic knowledge, understanding, and critical skills required when working in the international context of a multinational organization. The course intends to show the students how multinational enterprises work from a managerial point of view and what it means to work in an environment like this.

Course Code: MAN 481

Instruction Language: English

In order to create good working climates and successful organizations companies need to have a clear purpose of existence together with outstanding leadership fitting their complex societal, economic and technological environments. During this course we will expand our knowledge about the hard aspects of management and organization, strategy, structure and organizational design and investigate in detail the soft aspects of organizational and work life, most importantly personality, character development, motivation, teams, learning, culture and leadership.

Course Code: MAN 481

Instruction Language: English

The aim of this course is to expand knowledge related to the impact that individuals, groups, and structure have on behavior within an organization. Organizational Behavior provides perspectives and tools for increasing the effectiveness and wellbeing of individuals, teams, and organizations. The individual level of analysis includes such areas as personality, values, work satisfaction, motivation, cognition and perception. The group level of analysis includes such areas as team development, group dynamics, power and social influence, conflict and negotiation, communication, diversity, and group creativity. The organization level of analysis includes such areas as organizational socialization, organizational citizenship behavior, ethics and corporate social responsibility, organizational design, organizational culture, and organizational change and development.

Course Code: BUS 780

Instruction Language: English

The course focuses on strategy creation and implementation from a managerial perspective. Rather than emphasizing detailed analysis and planning methods, this course prepares students – future managers – to effectively integrate these tools into strategic decision-making and execution. The course chooses its working method according to current and relevant topics; it combines presentations and case analyses, the latest relevant academic literature with case exercises and illustrative examples. The lectures strive to bring actual business practices as close as possible to the students. Thus, outstanding Hungarian corporate life representatives are invited to present each topic and share their insights.

Course Code: MAR 079

Instruction Language: English

The course highlights the relevance of brands in diverse business settings. Students learn the latest brand-building techniques from generating consumer insights to the in-depth understanding of customer-based brand management approaches and models. The course develops practical skills related to the creation of brand vision and value proposition, brand positioning, and the ability to design effective brand communication campaigns both in online and offline settings.

Course Code: MAR 526

Instruction Language: English

Provides a deep dive into the consumer behavior of both millennials and Gen Z and explores how effectively brands utilize messaging and emerging technologies to grab the attention of those who have short attention spans.

Course Code: MAR 475

Instruction Language: English

Focuses on discussing cultures, different theories of culture, country images, stereotypes and on analyzing specific countries from different points of view. In the second part of the course, the students will practice how to use this knowledge in evaluating companies’ international marketing activities and formulating intercultural marketing strategies.

Course Code: MAR 125

Instruction Language: English

• Planning and creation are one of the most important talents, opportunities and duties of the human race, taking into account the interaction of social constant and variable phenomena. Since the existence of the human race, our ability to create/design has determined the potential of our Survival – Survival – Development. (Cosovan , 2009) This is all clear and obvious in the case of corporate (social) leadership, but it is not a common practice yet. • Through an inter- and transdisciplinary approach, the course will give participants the opportunity to experience and learn how a modern business, enterprise or social leader could function as a design process. Participants will discover how design communication, i.e. creating a connection as designing, can make today's managerial and creative actions more effective and open up new perspectives for business, product, service and social development. • Course methods: Communication integrated into development, i.e. designer/creator-centric project management based on personal and team identity with a design communication approach: DIS:CO

Course Code: MAR 058

Instruction Language: English

The aim of this course is to give an overview of the trends, tools and solutions of digital and social media marketing with a focus on strategic considerations. The overall aim is to create a deep understanding of the digital and social channels of marketing communication for planning and evaluation in general and to make participants of the course able to efficiently translate local specialties into international communication programs with respect to cultural differences.

Course Code: MAR 432

Instruction Language: English

This course covers basic international theories and concepts of international markets and market entry. Students learn to assess a global market with respect to cultural dynamics, business customs and practices, legal-political environment, geography and marketing mix. Students develop a basic marketing plan for the distribution and marketing of a product in a different country.

Course Code: MAR 370

Instruction Language: English

This module is designed to introduce students to the philosophy and historical underpinnings of marketing. As such, it will help students to position marketing both as an organizational discipline and as a societal force. The module will trace the development of marketing as a business philosophy and will assess the role of marketing within the business organization. Students will also explore what it means for organizations to be market-led. Finally, the module will delineate the rights and responsibilities of marketers and customers, and identify the role and impact of marketing in society.

Course Code: MAR 076

Instruction Language: English

This course is designed to provide you with a solid foundation in understanding the dynamics of marketing innovation and NPD within multinational corporations. It will cover various aspects of innovation, including the nature of the innovation process, factors contributing to innovation success, considerations related to customer value and business models, the importance of collaboration in innovation, the functioning of multinational teams, the role of knowledge management, and insights into the future of innovation.

Course Code: MAR 035

Instruction Language: English

The Theory of consumption and consumer behavior course studies the different sociological, psychological and anthropological characteristics and processes that affect how people act when they buy, use, or experience products and/or services. This course introduces students to consumers, consumer behavior in the marketplace and their impact on marketing strategy. The principal factors that influence consumers as individuals and decision makers, as well as their application to the buying decision process, are also discussed. Students analyze the reasons and motives for consumer buying behavior and understand the main principles of consumer behavior that influence purchasing decisions. The course also focuses on the concept of customer experience (CX) and the method of customer journey mapping. Based on theory, students will implement the knowledge to practice through different case studies and a real-world consumer product or service as part of the group project work.

Course Code: GYM 001

Instruction Language: English

For an up-to-date physical education class schedule: please refer to https://www.uni-corvinus.hu/main-page/life-at-corvinus/sport-and-health/class-schedule/?lang=en.

Course Code: POL 18M

Instruction Language: English

The course provides an insight into the complex economic, social and political aspects of the relationship between the Central and East-European region and the EU. During the course, questions of economic disparities, dimensions of budgetary and development policies as well as the institutions and processes of economic governance will be discussed from a CEE perspective. Additionally, the course covers political topics, such as Euroscepticism, populism, democratic backsliding and rule-of-law disputes concerning the CEE region. Also, two contemporary policy challenges are addressed: migration and security issues. A more detailed description may be found further down in this course syllabus.

Course Code: POL 43B

Instruction Language: English

The objective of the course is to introduce students to the basic concepts of political science and to the related typologies. During the course the students will learn about the basic theoretical ideas of political science, about the recent questions and dilemmas within the field. While the course focuses on institutions, other paradigms of the scientific field are also incorporated in the material (for example when studying voter behaviour).

Course Code: POL 165

Instruction Language: English

The course begins with an introduction to the institutionalist approach and political institutions, before turning to its two focal topics: corruption and good governance. After defining corruption as a complex and contextual social phenomenon, its types, classifications and basic concepts will be discussed. Students will be introduced to the manyfold challenges of corruption measurement and its opportunities and constraints. Corruption is an economic, political and cultural problem at the same time. All three aspects will be discussed during the semester, with special emphasis on the impact of corruption on economic performance.

Course Code: POL 054

Instruction Language: English

The course delves into the political, geopolitical, and economic life and relations of China, Japan, the Republic of Korea, Taiwan, and the members of the ASEAN community. Enrolled students will understand the challenges and opportunities that major East Asian countries face, as well as their relationships with one another and external players.

Course Code: POL 377

Instruction Language: English

The course studies the history of international relations in the Cold War period based on archival documents. The course will examine the origins and the unfolding of the Cold War. The détente process emerging in the middle of the nineteen-fifties will be presented by a new approach. The classes will also be devoted to the analysis of the transformation of East–West relations in the Gorbachev era and to the end of the Cold War. The course will be based predominantly on the findings of the "new Cold War history" with a special focus on the policy of the Eastern Bloc.

Course Code: POLG24

Instruction Language: English

During the course Central- and Eastern European economic and political systems are analyzed by the methodology of political economy. In the focal point of our analysis stands the relationship between the political and the economic systems of the CEE countries. Using the framework of political economy, we scrutinize the impact of EU accession of these countries on the operation, structure, development and performance of their states.

Course Code: POL 008

Instruction Language: English

The concept of non- traditional security (NTS) is frequently eclipsed by the notion of ‘traditional security’ or issues that depict security, the use of force, war, the balance of power, and alliance building, etc., as exclusively the ‘real’ concerns in international politics and global affairs. Some of the world’s most significant and powerful states tend to downplay the importance of problems that fall under the broad category of NTS. Even though state-centric security has dominated political and national security agendas, conversations, professional practices, and scholarship for decades, there has been a noticeable shift away from state-centric security approaches and studies. This course delves into the substantive issues and NTS concepts that are relevant to today’s geopolitical environment. It covers case studies of threats to conditions that extend beyond the traditional domain and are essential to human survival and society, emphasising people and communities at the centre of ‘shared security.’

Course Code: ECO Z62

Instruction Language: English

The aim of the course is to introduce the participants into the rationale, objectives, types and methods of evaluating governmental interventions and programs. By doing so it enables students to recognize and assess failures hindering the rational and effective design and implementation of government policies; to review and assess programme evaluations in a skillful and critical way; and to participate in teams working on designing or implementing programme evaluations. The course ambitions to achieve these objectives by utilising and relying on participants' own insights and experiences regarding government interventions.

Course Code: POL 56B

Instruction Language: English

The aim of the course is to make students understand the economic logic and societal roles of social policy. Accordingly, students will be able to see how the different types of social policy interventions (special focus on education, pension, care and family policies) can foster human development.

Course Code: POL 171

Instruction Language: English

The main objective of the course is to place the concepts of the rule of law and democracy in the wider context of the history of European political thought. By demonstrating the longevity and continuity of the antecedents of the rule of law (including natural law, medieval immunities and the works of enlightened scholars) relative to the long hiatus of the concept of democracy from ancient Greece to enlightened France, the course could shed light on the relevance of the constitutional liberal element in liberal democracy. That contextualisation seems particularly relevant in Central Europe where the rule of law and human rights are addressed as mere abstractions in recent political and theoretical narratives.

Course Code: POL 059

Instruction Language: English

This course explores the structures, dynamics, and complexities of political leadership in democratic systems, with a particular focus on executive leadership. Through a combination of lectures, discussions, and research, students will critically examine the role of political leaders, their interactions with followers, and the constraints imposed by institutional and political contexts. Throughout the course, students will engage with academic readings, discussions, and research projects to refine their analytical skills, enhance their understanding of leadership practices, and develop their ability to communicate ideas effectively in both oral and written form. The seminar component will provide a space for deeper engagement with texts and critical debates, allowing students to assess political leadership through multiple lenses. By the end of the course, students will have a well-rounded understanding of political leadership and its significance in modern democracies, equipping them with the tools to critically analyze leadership practices in historical and contemporary settings.

Course Code: PSY 311

Instruction Language: English

Offers knowledge and practical experience related to processes and issues that teams face: team development, social dilemma, communication, conflict, power, decision-making, leadership, problem solving, creativity, diversity, virtual teamwork, culture, reward systems, and training. Students synthesize course content in a final service-learning group project in the community.

Course Code: SOC 457

Instruction Language: English

The course analyses key social processes (economic growth and inequalities, population change, the effects of environmental change, the development of social movements, etc.). It relates them to social and institutional change in the last 60 years. It reflects on key theories and general interpretations of these changes from the perspective of current globalization. It provides an introduction to the interrelated topics of the development of modernity, capitalism, global inequality, poverty and other emerging global social problems especially in a comparative context. This course is a recommended for everybody who, as future international relations expert, sociologist, historian, economist, businessman, politician or administrative person would like to develop a broad interpretative perspective on processes of social change and social structures in our global society.

Course Code: IEC 483

Instruction Language: English

An analysis of the policy and stakeholder frameworks for tourism that governs its management on an international, regional and local scale, as well as the business and industry decisions that affect its development. The course will include an overview of the tools and techniques that are used to manage and market tourism, the relationship between tourists and local residents, and the role of tourist behavior and education.