The Bachelor of Economics program teaches students to analyze complex social and economic systems and provides them with an excellent training for different career paths. Studying economics helps a student to thoroughly understand business, markets, finance, trade, government policy, international issues, globalization, health, labor, development, and environmental problems.
Our Faculty
Our faculty is comprised of a team of experienced academics with doctoral degrees from leading universities abroad (Germany, USA, Sweden, UK, Russian Federation). Our professors are actively conducting research, and have outstanding publication records. All full-time professors publish internationally.
National ratings and International accreditation
- Top-ranked for “Economics” programs by the National Ranking of Educational Programs: Bachelor Programs (IQAA RK) in 2020
- As a student of the Program you get an internationally accredited degree confirmed by the Foundation for Business Administration Accreditation (FIBAA), Germany
To earn a Bachelor of Economics a student must complete 146 credits/240 ECTS.
| Credits | ECTS | |
| General Education Requirements | 36 | 56 |
| Program Foundation Requirements | 68 | 112 |
| Program Required Courses | 36 | 60 |
| Final Attestation | 6 | 12 |
| Total Required for Graduation | 146 | 240 |
Students should choose the General Education courses with the assistance and advice of the academic advisors. The following are some guidelines for students in the BAE program.
General Education Requirements can be found in the General Education section of the Catalog.
Program Foundation Required Courses (32 credits/52 ECTS)
| Course Code | Course Title | Credits | ECTS | Prerequisites |
| KAZ/RUS21021.2 | Prof Kazakh (Russian) Language | 2 | 3 | None |
| ENG1110 | Academic Speaking | 3 | 5 | None |
| ENG1121 | Academic Reading and Writing II | 3 | 5 | None |
| ECN1101.2 | Introduction to Economics | 2 | 3 | ENG0004 |
| ECN1201 | Math for Business and Economics | 3 | 5 | ENG0004 |
| ECN2083 | Introduction to Statistics | 3 | 5 | ECN1201 |
| ECN2103 | Principles of Microeconomics | 3 | 5 | ENG0004 – cannot be counted as a separate course from FIN2105 Business Microeconomics |
| ECN2102 | Principles of Macroeconomics | 3 | 5 | ENG0004 – cannot be counted as a separate course from FIN2106 Business Macroeconomics |
| ECN3184 | Econometric Methods | 3 | 5 | ECN2103, ECN2102 & ECN2083 |
| ECN3888 | Academic Internship | 3 | 5 | None |
| PAD2700.2 | Fundamentals of Sociology | 2 | 3 | ENG0004 |
| POL1704.2 | Fund. of Political Science | 2 | 3 | ENG0004 |
| Total | 32 | 52 |
Program Foundation: Elective Courses – for more information please consult with CSS Program Coordinator at css_coordinator@kimep.kz.
Majors and minors
The Department of Economics offers the following majors (specializations) to students:
- Financial Economics
- Business Economics
- Public Policy Economics
And the following minors:
- Mathematics
- Economic Policy and Development
- Economics and Law
- Financial Economics
GEN1201/ECN 1201 Mathematics for Business and Economics (3 Credits)
Prerequisites: ENG0004 Foundation English Level 4
The course develops the basic concepts of mathematical analysis used in economics and business with emphasis on differentiation and integration of single real-variable functions and matrix algebra. The approach to these concepts is intuitive and visual. The formal proofs are given only when they help in understanding concepts. Applications to economics, business and social science as well as computational realizations are studied.
ECN2083 Introduction to Statistics (3 Credits)
Prerequisites: GEN1201 (Not available to students who have credit for OPM2201 or STAT2101)
This course introduces the basic concepts of study design, data collection, data analysis and statistical inference. Topics include an overview of observational and experimental study designs; graphical and numerical descriptive statistics; probability distributions for simple experiments and for random variables; sampling distributions, confidence intervals, and hypothesis testing for the mean and proportion in the case of one sample. The emphasis is on developing statistical reasoning skills and concepts; computational skill is secondary. Students are taught the use of statistical software to handle the computations.
ECN2102 Principles of Macroeconomics (3 Credits)
Prerequisites: All required GE English courses
This course provides basic understanding of a typical market-based economy from society’s point of view. It includes national income analysis; the traditional theory of income and employment; economic fluctuations; the economic role of the government; government expenditures and taxation; money and banking; economic growth; and international economics.
ECN2103 Principles of Microeconomics (3 Credits)
Prerequisites: All required GE English courses
This course provides students with a basic understanding of how markets work. At the end of the course, students should be able to: understand and explain the basic problems in micro economics; demonstrate knowledge of basic microeconomic terms, concepts and models; correctly apply microeconomic terms and concepts when discussing economic issues; and appreciate the contributions, as well as the limits, of microeconomics in solving current economic problems.
ECN3081 Intermediate Microeconomics (Microeconomics, 3 Credits)
Prerequisites: ECN2103 or FIN2105. Alternatively ECN1101 with minimum grade B minus.
This course falls between Principles of Microeconomics and Advanced Microeconomics. Topics include consumer theory, firm production and costs, decision-making under perfect competition, imperfect competition, monopoly, and oligopoly. Students can diagnose and solve microeconomic problems using the economic concepts and tools acquired in this course.
ECN3082 Intermediate Macroeconomics (Macroeconomics, 3 Credits)
Prerequisites: ECN2102 or FIN2106. Alternatively ECN1101 with minimum grade B minus.
This course provides the theoretical background to analyze macroeconomic phenomena. Several competing theories will be introduced to discuss controversial issues of employment, inflation and government policies. Traditionally, Keynesian and Classical theories are debated in depth in this course. Theories like the Real Business Cycle Model also will be included.
ECN3103 Quantitative Methods for Economics (3 Credits)
The course provides necessary concepts of one and multivariable calculus as well as the theory of matrices needed for mathematical economics, econometrics, and financial mathematics. The course emphasizes intuition and conceptualization, avoiding difficult proofs. The course applies these concepts to economics, business, and other social sciences.
ECN3184 Econometric Methods (3 Credits)
Prerequisites: ECN 2103 (alternatively FIN2105), ECN 2102 (alternatively FIN2106) and ECN2083 (alternatively GEN2400 or GEN2402)
This course introduces regression techniques widely used in economics and finance. It discusses basic procedures for estimating equations and testing hypotheses; the use of one or more independent variables; and problems in time series or cross-sectional data (for example, a dataset of income in each Kazakhstani oblast for a given year).
ECN4104 Research Methods and Methodology (Data analysis) (3 Credits)
Prerequisites: 90 Credit hours
This course introduces students to methods and methodology of research in economics. It discusses issues such as organizing a research project, collecting data and it provides them with techniques of statistical and data analysis such as cluster analysis and factor analysis. The course will guide the students towards developing their own research projects.
Program Foundation Elective Courses (27 credits)
| Course Code | Course Title | Credits |
|---|---|---|
| ECN4125 | Monetary Economics | 3 |
| ECN4086 | Applied Microeconomics (Microeconomics II) | 3 |
| ECN4085 | Applied Macroeconomics (Macroeconomics II) | 3 |
| ECN4185 | Applied Econometrics | 3 |
| ECN3083 | Mathematical Economics | 3 |
| ECN3151 | Managerial Economics (Entrepreneurship) | 3 |
| ECN2202 | Business Law (Entrepreneurial Law) | 3 |
| ECN2201 | Accounting and Auditing | 3 |
| ECN3105 | Marketing | 3 |
| ECN3104 | Operations Management (Production Planning and Economics of Production) |
3 |
| ECN2360 | Introduction to Personal Finance | 3 |
| MATH2001 | Linear Algebra | 3 |
| MATH3001 | Introduction to Analysis | 3 |
| MATH3002 | Differential Equations | 3 |
| MATH4001 | Discrete Mathematics | 3 |
| MATH4002 | Probability Theory and Statistics | 3 |
| MATH4003 | Introduction to Multivariable Analysis | 3 |
| Total | 27 |
ECN4125 Monetary Economics (3 Credits)
Prerequisites: ECN3082
This course develops the basic analytical tools used in monetary regulations, such as money supply aggregates as well as the demand and supply of money. After developing several theories of macroeconomics, the course will analyze the effectiveness of monetary policy in various economic situations. Inflation theories will be also covered.
ECN4085 Applied Macroeconomics (Macroeconomics II) (3 Credits)
Prerequisites: ECN3082
This course applies the framework of the course in Intermediate Macroeconomics to current macroeconomic issues. It broadens and deepens the analysis of phenomena such as money, inflation, employment, economic growth and technological change.
ECN4086 Applied Microeconomics (Microeconomics II) (3 Credits)
Prerequisites: ECN3081
This course follows up Intermediate Microeconomics with such advanced topics as general equilibrium theory, strategic behavior, making decisions under uncertainty, asymmetric information, public goods and externalities. The course develops these topics with elementary mathematics.
ECN4185 Applied Econometrics (3 Credits)
Prerequisites: ECN3184
This course applies regression methods to answer economic questions.
ECN3104 Operations Management (Production Planning and Economics of Production) (3 Credits)
Prerequisites: GEN 2410
This course develops the fundamentals of operations management as it is used in service and manufacturing organizations. It provides analytical tools and applies them to decision and planning problems of enterprises. The course covers topics such as productivity management, product and process design, job design, the planning and management of materials flows, manpower and capacity planning and scheduling, project management, and quality management.
ECN3105 Marketing (3 Credits)
Prerequisites: ECN 2103
The aims of this course are to provide students with a basic understanding of the constituent elements of the marketing function in organizations. The course will develop analytical and diagnostic skills in dealing with marketing situations. Students will learn how marketing objectives are matched with marketing strategies and programs.
ECN3151 Managerial Economics (Entrepreneurship)
Prerequisites: ECN2103
This course provides the student with the tools for decision making in an enterprise. Course topics include organization and finance of the firm, optimization techniques, estimation of demand functions, behaviour and pricing strategies under different market conditions, creating and capturing value, task assignment and labour contract.
ECN3083 Mathematical Economics (3 Credits)
Prerequisites: ECN2103 and GEN 2410
This introductory course applies mathematical tools to optimization decisions in economics. Matrix algebra and calculus (differentiation and integration) will be briefly reviewed. The economic intuition behind various mathematical assumptions is explained. Particular emphasis is given to the unconstrained and constrained optimization techniques applied to the consumer theory, production theory (profit maximization and cost minimization), and to general equilibrium analysis. Linear modelling and linear programming are also covered.
ECN2201 Accounting and Auditing (3 Credits)
Prerequisites: All required GE English courses
This course introduces financial accounting and addresses such topics as; accounting principles and concepts, the accounting cycle including recording transactions; preparing financial statements, adjusting and closing accounts for proprietorships, partnerships, and corporations. It also addresses issues of sampling and probability theory in applications to auditing.
ECN2202 Business Law (3 Credits)
Prerequisites: All required GE English courses
This course familiarizes students with core notions and landmark concepts of the legal system of Republic ofKazakhstan that are likely to be encountered in future business practice. It begins with an introduction to the majorlegal concepts in the context of modern business and then introduces students to the basic doctrines of the businesslaw of Republic of Kazakhstan and covers its main branches, including: Law of Transactions, Property Law, Liability Law, Land Law,Labour Law, Tax Law etc..
MATH2001 Linear Algebra (3 Credits)
Prerequisites: any of GEN1201, GEN 1202, GEN1203
This course studies in depth the main notions and tools of linear algebra including matrices, systems of linear equations, vector spaces, linear operators, determinants, eigenvalues and eigenvectors, inner product spaces, quadratic forms, and some applications. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
MATH3001 Introduction to Analysis (3 Credits)
Prerequisites: any of GEN1201, GEN1202, GEN1203
This course studies in detail the main notions and tools of mathematical analysis. The topics include the real number system, limits, continuous functions, differentiation, the Riemann integral, the concept of metric space, uniform convergence, infinite series. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
MATH3002 Differential equations (3 Credits)
Prerequisites: MATH2001, MATH3001
This course studies first-order and second-order differential equations, homogeneous ordinary differential equations, systems of linear differential equations. Such topics as existence and uniqueness of solutions will also be covered. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
MATH4001 Discrete mathematics (3 Credits)
Prerequisites: any of GEN1201, GEN1202, GEN1203
This course studies such topics an introduction to logic, mathematical induction, sets, relations, functions, introduction to graphics, elementary number theory, combinatorics, algebraic structures. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
MATH4002 Probability Theory and Statistics (3 Credits)
Prerequisites: GEN2401/ECN2083 or equivalent, MATH3001
This course starts with elementary probability and statistics and goes much further. The topics include expectation, distributions (including multivariable), laws of large numbers and central limit theorems, conditional expectations. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
MATH4003 Introduction to Multivariable Analysis (3 Credits)
Prerequisites: MATH3001
This course studies functions of a several variable. The topics include parametric equations and polar coordinates, vectors in 2- and 3-demensional Euclidean spaces, partial derivatives, multiple integrals, vector calculus, theorems of Green, Gauss, and Stokes. Additional topics may be selected by instructor. The emphasis is on mathematical theory and proofs.
Major Required Courses (26 credits)
| Course Code | Course Title | Credits |
|---|---|---|
| ECN3189 | Economy of Kazakhstan | 3 |
| ECN4112 | International Economics | 3 |
| ECN3350 | Financial Economics I (Finance) | 3 |
| ECN4154 | Government and Business (Government Regulation of the Economy) | 3 |
| ECN4121 | Public Economics | 3 |
| ECN3888 | Internship | 6 |
| ECN4183 | Thesis | 4 |
| ECN4999 | State Examination | 1 |
| Total | 26 |
ECN3189 Economy of Kazakhstan (3 Credits)
Prerequisites: ECN2103 (alternatively FIN2105) and ECN 3082
This course starts by introducing the economic history and geography of Kazakhstan and its neighbors. It then details economic development before, during and after the Soviet period. It emphasizes the stabilization and restructuring of Central Asian economies after 1991. It concludes by examining Kazakhstan’s resources, sectoral composition, and international comparative advantage.
ECN4112 International Economics (3 Credits)
Prerequisites: ECN 3081, ECN3082
This course gives an overview of the determinants of trade and money and finance in an open economy. It introduces basic concepts and general equilibrium models of trade with and without factor movements; trade barriers and their impact on social welfare; the political economy of trade barriers and the evolution of trade organizations. It also introduces the balance of payments, theories of the exchange rate and open economies macroeconomics. Other issues, such as optimum currency areas are also discussed.
ECN4121 Public Economics I (3 Credits)
Prerequisites: ECN3081
This class emphasizes government expenditure policy. Topics include the theory of externalities and public goods, welfare economics and income distribution, political economy and voting mechanisms, and the design and evaluation of social insurance programs.
ECN4154 Government and Business (Government Regulation of the Economy ) (3 Credits)
Prerequisites: ECN3081
This course surveys theoretical treatments of oligopoly, natural monopolies, mergers, vertical restraints, and price discrimination; and social welfare tradeoffs associated with public regulation of electrical, natural gas, cable TV, and telecommunications firms and the effects of government policies on businesses and individuals.
ECN3350 Financial Economics I (Finance, 3 Credits)
Prerequisites: ECN3081, ECN 3082
This course introduces modern theories in financial economics. It applies economic analysis and the modern theory of finance to decisions of investors and firms. Topics include the selection of a portfolio that may comprise bonds and other securities; option pricing; and basic theories of efficient markets. Students will learn how to evaluate such corporate financial decisions as capital budgeting, working capital management, mergers and acquisitions, bankruptcy and corporate reorganization.
ECN4183 Thesis (4 credits)
Prerequisites: ECN 4104, 90 credits completed
A thesis is an independently written piece of work which represents critical scholarly reflection or original research in the student’s major field of study. Proposals must be approved by a faculty sponsor. Completed projects will be announced and presented to interested students and faculty.
ECN4999 State Examination (1 credit)
Students will take an exit test that evaluates their competencies in the filed of economics.
Major Elective courses
In addition to the major required courses, students choose 15 credits from the following courses:
Major in Business Economics (15 credits)
| Course Code | Course Title | Credits |
|---|---|---|
| ECN3193 | Project Appraisal | 3 |
| ECN4351 | Foreign Exchange Markets | 3 |
| ECN4359 | Investment in Emerging Markets | 3 |
| ECN4153 | Law and Economics | 3 |
| ECN4122 | Labor Economics | 3 |
| ECN4350 | Advanced Financial Economics | 3 |
| ECN4152 | Industrial Organization (Economics of Enterprise) | 3 |
| ECN3161 | Natural Resource Economics (Environmental Economics) | 3 |
| ECN4181 | Special Topics in Economics | 3 |
| ECN3155 | Money and Banking | 3 |
| ECN3230 | Financial Institutions Management (Financial Institutions and Markets) | 3 |
| Total | 15 |
ECN4153 Law and Economics (3 Credits)
Prerequisites: ECN3081
This course introduces students to law making and enforcement from an economic perspective. Areas of law amenable to this treatment include contracts, torts, and property law. Topics may include rationality; motivation; moral judgment and responsibility; fairness and justice; self-control; informal social control via norms and education; formal social control via laws; and issues of identity and intergroup conflict.
ECN4359 Investment in Emerging Markets (3 Credits)
Prerequisites: ECN3081 and ECN3082
This applied course involves a wide array of issues. These includethe peculiarities of emerging capital markets, especially in the CIS. Other topics include investment in emerging fixed income markets, pension funds, securities markets, and foreign direct investment. Theoretical benefits of international investment are examined empirically. Macroeconomic stability, capital flows, and exchange rate options and are analyzed against a historic background, including the currency crises of Asia and Latin America. Undergraduate students investigate one of these topics in detail and make a paper proposal, which they present in a seminar setting. Graduate students are required to do an extensive paper.
ECN4351 Foreign Exchange Markets (3 Credits)
Prerequisites: ECN3082
The course will enable students to understand global markets for foreign exchange (forex). It emphasizes practical currency dealing, providing the skills that you need to become a forex dealer or market analyst. To learn the ropes of trading, students will play a margin trading game with an Internet demonstration account. The main topics of the course are basic analysis of forex, technical analysis of forex markets, and principles of currency dealing in Kazakhstani banks.
ECN3193 Project Appraisal (3 Credits)
Prerequisites: GEN 1201 and ECN2103
In this course, students will be introduced with the tools used in planning and evaluation of projects. The relevant topics are: the theory of cost-benefit analysis, its application, strengths and limitations, as well as, the course will cover various other competing approaches/techniques/models of project planning and evaluation. Taking this course will help students to make feasibility study, monitoring and evaluation of economic projects.
ECN4181 Special Topics in Economics (3 Credits)
Prerequisites: Minimum GPA 3.4 and 90 credits completed
This is a study of current topics of economic interest that are not normally covered in the curriculum. Students should discuss their special interests for this course with the Department Chair.
ECN4122 Labor Economics (3 Credits)
Prerequisites: ECN3081
This course develops theoretical models for the labour market, presents related empirical research, and discusses policy applications. Topics include labour supply, labour demand, market equilibrium, compensating wage differences, investment in human capital, and cyclical unemployment. In addition, labour unions, minimum wage laws, compensation policies and productivity, wage indexation, and discrimination and equal opportunity laws may be discussed.
ECN4350 Advanced Financial Economics (3 Credits)
Prerequisites: ECN3184, ECN3081, ECN3082.
The course will give an introduction to advanced mathematical and econometric modelling techniques in financial economics.
ECN4152 Industrial Organization (3 Credits)
Prerequisites: ECN3081
The study of industrial organization is important for understanding corporate behaviour. The course focuses on an empirical and theoretical examination of the structure, conduct, and performance of firms and industries. Major topics include the theory of the firm; profit maximizing and growth maximizing models; price and output determination under different market structures; measures of market structure and market performance; production and cost functions; productivity growth, technical efficiency and technical change.
ECON3161 Natural Resource Economics (3 Credits)
Prerequisites: ECN2103
This course addresses theoretical and policy issues related to the exploitation of renewable and non-renewable natural resources, such as land, water, forests, fisheries, minerals and mining. The dynamic dimension in economic modelling of mining and forestry is addressed. In particular, the efficient extraction and depletion path of natural resources (under various market structures and government control) is discussed along with the management of natural resources. Present value and cost benefit analysis are also covered. The issue of sustainability is addressed with particular reference to natural resource scarcity.
ECN3155 Money and Banking (3 Credits)
Prerequisites: ECN2102
The course begins with a review of the functions of money and of the structure of banking. It proceeds with monetary theory as a guide to changing the money supply and the interest rates. Much of the course concerns bank regulation. To understand the functioning of banks and, more generally, of financial institutions, one must first comprehend such phenomena as market equilibrium, interest, inflation and exchange rates. Specific banking issues will be interwoven into digressions concerning macroeconomics, microeconomics and international trade. The last part of the course is about duration and convexity, which help immunize bank balance sheets against unexpected changes in interest rates.
ECN3230 Financial Institutions Management (Management) (3 Credits)
Prerequisites: ECN2103
This course gives an overview of financial institutions and their role as financial intermediaries. It develops a framework within which questions of adequate regulation can be addressed and introduces tools to measure, analyze and manage different types of risk to which these institutions are exposed.
Financial Economics (15 credits)
In addition to the major required courses, students choose 15 credits from the following courses:
| ECN4350 | Advanced Financial Economics | 3 |
| ECN4351 | Foreign Exchange Markets | 3 |
| ECN4352 | Financial Econometrics | 3 |
| ECN4359 | Investment in Emerging Markets | 3 |
| ECN4181 | Special Topics in Economics | 3 |
| ECN3210 | Corporate Finance | 3 |
| ECN3155 | Money and Banking | 3 |
| ECN3230 | Financial Institutions Management (Financial Institutions and Markets) | 3 |
| Total | 12 |
ECN4359 Investment in Emerging Markets (3 Credits)
Prerequisites: ECN3081 and ECN3082
This applied course involves a wide array of issues. These includethe peculiarities of emerging capital markets, especially in the CIS. Other topics include investment in emerging fixed income markets, pension funds, securities markets, and foreign direct investment. Theoretical benefits of international investment are examined empirically. Macroeconomic stability, capital flows, and exchange rate options and are analyzed against a historic background, including the currency crises of Asia and Latin America. Undergraduate students investigate one of these topics in detail and make a paper proposal, which they present in a seminar setting. Graduate students are required to do an extensive paper.
ECN4351 Foreign Exchange Markets (3 Credits)
Prerequisites: ECN3082
The course will enable students to understand global markets for foreign exchange (forex). It emphasizes practical currency dealing, providing the skills that you need to become a forex dealer or market analyst. To learn the ropes of trading, students will play a margin trading game with an Internet demonstration account. The main topics of the course are basic analysis of forex, technical analysis of forex markets, and principles of currency dealing in Kazakhstani banks.
ECN4181 Special Topics in Economics (3 Credits)
Prerequisites: Minimum GPA 3.4 and 90 credits completed
This is a study of current topics of economic interest that are not normally covered in the curriculum. Students should discuss their special interests for this course with the Department Chair.
ECN4350 Advanced Financial Economics (3 Credits)
Prerequisites: ECN3184, ECN3081, ECN3082.
The course will give an introduction to advanced mathematical and econometric modelling techniques in financial economics.
ECN3155 Money and Banking (3 Credits)
Prerequisites: ECN2102
The course begins with a review of the functions of money and of the structure of banking. It proceeds with monetary theory as a guide to changing the money supply and the interest rates. Much of the course concerns bank regulation. To understand the functioning of banks and, more generally, of financial institutions, one must first comprehend such phenomena as market equilibrium, interest, inflation and exchange rates. Specific banking issues will be interwoven into digressions concerning macroeconomics, microeconomics and international trade. The last part of the course is about duration and convexity, which help immunize bank balance sheets against unexpected changes in interest rates.
ECN3230 Financial Institutions Management (Management) (3 Credits)
Prerequisites: ECN2103
This course gives an overview of financial institutions and their role as financial intermediaries. It develops a framework within which questions of adequate regulation can be addressed and introduces tools to measure, analyze and manage different types of risk to which these institutions are exposed.
Major Electives for Public Policy (15 credits)
Students choose ECN4169 (Development Economics) and 12 credits from the following electives:
| Course Code | Course Title | Credits |
|---|---|---|
| ECN3193 | Project Appraisal | 3 |
| ECN3101 | World Economy | 3 |
| ECN4153 | Law and Economics | 3 |
| ECN4122 | Labor Economics | 3 |
| ECN4359 | Investment in Emerging Markets | 3 |
| ECN4152 | Industrial Organization (Economics of Enterprise) | 3 |
| ECN3161 | Natural Resource Economics (Environmental Economics) | 3 |
| ECN4181 | Special Topics in Economics | 3 |
| Total | 12 |
ECN4153 Law and Economics (3 Credits)
Prerequisites: ECN3081
This course introduces students to law making and enforcement from an economic perspective. Areas of law amenable to this treatment include contracts, torts, and property law. Topics may include rationality; motivation; moral judgment and responsibility; fairness and justice; self-control; informal social control via norms and education; formal social control via laws; and issues of identity and intergroup conflict.
ECN4359 Investment in Emerging Markets (3 Credits)
Prerequisites: ECN3081 and ECN3082
This applied course involves a wide array of issues. These includethe peculiarities of emerging capital markets, especially in the CIS. Other topics include investment in emerging fixed income markets, pension funds, securities markets, and foreign direct investment. Theoretical benefits of international investment are examined empirically. Macroeconomic stability, capital flows, and exchange rate options and are analyzed against a historic background, including the currency crises of Asia and Latin America. Undergraduate students investigate one of these topics in detail and make a paper proposal, which they present in a seminar setting. Graduate students are required to do an extensive paper.
ECN3101 World Economy (3 Credits)
Prerequisites: ECN2103 and ECN2102 (for non BAE students may alternatively take ECN 1101 or FIN2106 and FIN2105))
The purpose of this course is to enable students to understand the world economy. Students will examine classical trade theory and learn the arguments that favor free trade. The course will also introduce the arguments challenging the free-trade paradigm, including New Trade Theory, as well as contentions drawn from economic geography, location theory and other fields. The course may also consider the environment, poverty, demographics, and technological progress, depending on the preferences of the instructor and of the students. The students will learn to analyze current economic events and global economic institutions, using the economic theory developed earlier.
ECN3193 Project Appraisal (3 Credits)
Prerequisites: GEN 1201 and ECN2103
In this course, students will be introduced with the tools used in planning and evaluation of projects. The relevant topics are: the theory of cost-benefit analysis, its application, strengths and limitations, as well as, the course will cover various other competing approaches/techniques/models of project planning and evaluation. Taking this course will help students to make feasibility study, monitoring and evaluation of economic projects.
ECN4181 Special Topics in Economics (3 Credits)
Prerequisites: Minimum GPA 3.4 and 90 credits completed
This is a study of current topics of economic interest that are not normally covered in the curriculum. Students should discuss their special interests for this course with the Department Chair.
ECN4122 Labor Economics (3 Credits)
Prerequisites: ECN3081
This course develops theoretical models for the labour market, presents related empirical research, and discusses policy applications. Topics include labour supply, labour demand, market equilibrium, compensating wage differences, investment in human capital, and cyclical unemployment. In addition, labour unions, minimum wage laws, compensation policies and productivity, wage indexation, and discrimination and equal opportunity laws may be discussed.
ECN4152 Industrial Organization (3 Credits)
Prerequisites: ECN3081
The study of industrial organization is important for understanding corporate behaviour. The course focuses on an empirical and theoretical examination of the structure, conduct, and performance of firms and industries. Major topics include the theory of the firm; profit maximizing and growth maximizing models; price and output determination under different market structures; measures of market structure and market performance; production and cost functions; productivity growth, technical efficiency and technical change.
ECON3161 Natural Resource Economics (3 Credits)
Prerequisites: ECN2103
This course addresses theoretical and policy issues related to the exploitation of renewable and non-renewable natural resources, such as land, water, forests, fisheries, minerals and mining. The dynamic dimension in economic modelling of mining and forestry is addressed. In particular, the efficient extraction and depletion path of natural resources (under various market structures and government control) is discussed along with the management of natural resources. Present value and cost benefit analysis are also covered. The issue of sustainability is addressed with particular reference to natural resource scarcity.
Thesis requirements*
Thesis (ECN4183.4) Students have to write a thesis on an independent research which they undertake in consultation with a faculty advisor. Students must set up an appointment with a faculty member who may specializes in the student’s potential topic, submit a proposal and obtain written approval of the faculty advisor. In order to register for a thesis, students must have completed 90 credits, including ECN 4104 Research Methods and Methodology and an econometrics methods course.
Writing the thesis
The thesis analyzes an economic problem. It should follow the structure of a journal article: Introduction, Explanation of the Methodology Used, Evaluation of the Data (if any), and Conclusion. As a guideline, the paper should be about 10,000 words in length, with supporting data, graphs and appendices.
Grading of the Thesis
The thesis is graded on a letter scale with plus and minus grades (e.g., A+, A, …, D, D-). The faculty advisor will determine the final grade based on the quality of the thesis and on feedback from two faculty members.
The following criteria will be applied:
a. Is the argument of the thesis sound?
b. Does valid evidence and do examples support the argument of the thesis?
c. Is the essay well organized? Are the parts arranged in a clear sequence?
d. Is the essay well researched?
e. Is the thesis well presented?
f. Are there mistakes in usage or spelling?
Internship requirements
All BAE students are required to complete a 6-credit internship.
| Course Code | Course Title | Credits |
|---|---|---|
| ECN 3888 | Professional Internship in Economics I | 3 |
| ECN 3888.1 | Professional Internship in Economics II | 3 |
| Total | 6 |
ECN3888 Professional Internship in Economics for BAE (3 Credits)
Prerequisites: Minimum 60 credits completed
This course is the first part of the required internship for undergraduate students majoring in Economics. Through the internships, students will be given an opportunity to work with a for-profit or not-for-profit organization and determine alternative ways for better academic and professional planning. Under the supervision of a faculty advisor, students will gain minimum 80 hours working experience. Related readings, a daily journal, and a final report are required for the final evaluation.
ECN3888.1 Professional Internship in Economics for BAE (3 Credits)
Prerequisites: ECN3888
The course consists of the second internship and completes the internship requirement for BAE students.
Scholarship opportunities
There are many merit-based scholarship opportunities for Kazakhstani and international students.
While studying at KIMEP University, students may also apply for part-time positions available on the University campus.
If you would like to apply for a scholarship, contact the Office of Financial Aid. .
Tuition & Fees
Study abroad opportunities
One- or two-semester exchange programs with many international partner universities offer students the opportunity to discover the world. Credits earned abroad count towards KIMEP degrees.
Innovations
We are proud to announce a new course “Model UN” in collaboration with UN Kazakhstan starting from Spring 2017 semester.
CAREERS
Employment and Internship Prospects
Graduates from our program work as analysts, advisors, consultants, and economists in the public and private sectors. They pursue careers in the fields of business, finance, banking, international development, health, human resource management, marketing, management, and research.
FUTURE CAREER opportunities await in:
- Banking and Financial Sector
- Halyk Bank, Eurasian Capital, Seven Rivers Capital, Halyk Finance, Nur Bank, ForteBank, Kaspi Bank, and others
- Government and International Organizations
- Asian Development Bank, World Bank, American Councils, and the like
- Auditing Firms
- Deloitte, KPMG, Ernst&Young, PwC, Grant Thornton and others
- International and Kazakhstani business organizations
- Tengizchevroil, Nestle, Takeda, Kusto group and the like