Duration of the programme: 4 years (8 semesters) 

Medium of instruction: English 

Programme description: 

The doctoral programme in Economics and Finance is designed for students interested in pursuing advanced study and conducting original, theoretical or empirical/applied research in economics and finance. The program is divided into two main phases. During the first two years PhD students will be offered an extensive training on the necessary theoretical foundations and empirical methods used in economics and finance research. They will get familiar with theoretical underpinnings of modern economic research, including the theory of consumer and firm behaviour, models of economic growth, technological progress and innovation, macroeconomic policies, market structure and industrial organisation. They will learn how to do advanced empirical research in economic and finance using country-, industry-, regional-, individual- and firm-level data. They will learn econometric theory, methods, and applications. During the first phase, apart from the intensive training, PhD Candidates are also expected to prepare a dissertation prospectus, to be developed into a proper doctoral dissertation within the remaining period of the doctoral studies. During the second phase, PhD Candidates pursue their own research, aimed at writing high-quality doctoral dissertation under the supervision of qualified faculty members of the Faculty of Management and Economics. Given the research profile of the faculty, the main areas of specialisation include (but are not limited to): (i) broadly understood International Economics, and (ii) Corporate Finance and Financial markets. 

Candidates interested in International Economics can choose between topics related to: (1) labour market effects of production fragmentation and global value chains, (2) the role of innovation and technological progress in economic development, (3) international competitiveness and international trade analysis, (4) productivity effects of trade and technological specialisation. Accompanying research areas, also offered to PhD Candidates, deal with: contemporary labour market analysis (labour share in national income, demographic challenges); economic and business history, the long-term evolution of economic systems, and the geo-economic and geo-political perspective of the globalisation process. 

Candidates interested in Corporate finance and financial markets’ research can focus on such aspects as: (1) Economic and financial aspects of bankruptcies and restructurings. Bankruptcy prediction; (2) Business valuation; (3) Financial markets & financial instruments; (4) Artificial intelligence use in an enterprise management system; (5) Financial transactions prospects in the smart city concept, (6) Event Study in Finance and Economics  (price reaction, stock markets).


Career opportunities:

The graduates of the PhD programme in Economics and Finance will have advanced knowledge and professional skills in this field enabling them to serve in the public and private research sector. They will be qualified to continue their career in academia (mainly in the departments of macro-/micro-economics, international economics, economic analysis or finance) or in research institutions. They can also work as highly qualified professionals/analytics in the financial sector (banks, insurance companies etc.), public administration or in international economic and financial institutions. 

Key words: 
  • International economics,
  • International trade,
  • Global value chains,
  • Technological change,
  • Economic growth and development,
  • International competitiveness,
  • Labour markets,
  • International finance,
  • Bankruptcy prediction,
  • Business valuation,
  • Financial markets,
  • Financial instruments,
  • Portfolio management, Investment management,
  • Accounting. 

Research area: 

Current admission