This course overviews critical changes in the world economy due to its rapid digital transformation. Students will examine the nature of these changes in three distinct, but integrated parts: (i)

development and global scope of digital economy, (ii) contemporary and potential challenges arising from global digital transformation, and (iii) future opportunities and implications related to digital economy expansion.

Students will analyse “game changers” facilitating great opportunities in a number of industries applying crosscutting internet technologies.

ILO-10 Ability to model innovative solutions for the responsible management of production, financial and economic resources, building effective communications in various socio-economic environments for the successful conclusion of international transactions.

ECTS: 3

In class learning hours: 16/16 (8 lectures; 8 seminars)

Assessment form: pass/fail

Professor Oksana Zhevnyak.The course contributes to the formation of skills related to the adoption of economic decisions in the field of international business in accordance with the norms of private international law and international law. In particular, consideration of public law regulation, issues of customs and currency regulation, the study of methods of tariff and non-tariff regulation of foreign economic activity.
ILO-10 Ability to model innovative solutions for the responsible management of production, financial and economic resources, building effective communications in various socio-economic
environments for the successful conclusion of international transactions.


Professors Team: Liudmila Kriventsova, Yana Lopatkova

The course represents new knowledge in the field of strategic management as an independent field of study. The objective of the course is to give the students knowledge of the theory and practice of strategic management as the modern concept of organization management implied under conditions of high variability and unpredictability of the environment. The main emphasis is on the possession of practical skills in the management of real companies and analytical skills to develop strategic solutions that allow you to link market analysis, industry, consumers, financial analysis and cost analysis of the company.

ILO-10 Ability to model innovative solutions for the responsible management of production, financial and economic resources, building effective communications in various socio-economic environments for the successful conclusion of international transactions.

In class learning hours: 16/16 (8 lectures; 8 seminars)

Assessment form: exam

Professors Team: Liudmila Ruzhanskaya and Julia Marukova. The course covers topics on corporate governance in the world and transition case of Russia. The material reviews major corporate governance problems and mechanisms for their mitigation such as board of directors, CEO compensation, takeover market, and corporate governance regulation. The link between shareholder value on one side and financial aspects of corporation (debt versus equity financing, M&A and dividend policy) on the other side is examined. The mission of course is presentation of transformation of corporate behavior under the influence of economic development in the world.

The course presents the patterns of corporate control in Russian corporations and abroad, also discusses the state motives as shareholder and regulatory, problems with the disclosure and so on. The application of organization theory, agency theory, stakeholder theory, and stewardship theory to corporate governance and board’s practice issues will be stressed in the course. The discipline is based on case-study and research-led teaching.

ILO-10 Ability to model innovative solutions for the responsible management of production, financial and economic resources, building effective communications in various socio-economic
environments for the successful conclusion of international transactions.

Professor: Victoria Beliaeva. Cross‑cultural Management as an academic discipline and research area has come to us with market economy. The course focuses on the impact of cultural background on individuals, organizations and management; on the dimensions which discriminate national cultures, and on crosscultural interactions. The objective of the course is to help students to construct their own coherent, individual perspective of the substance and increase their cultural awareness. It is extremely important to be aware of International Business Etiquette and protocol rules for the future global managers. Focusing on business and management, this course provides an intellectual and experiential forum for developing the interpersonal-intercultural communication and interaction skills necessary for international managers. While learning to identify cultural aspects of verbal and nonverbal behavior of persons from different cultures and themselves, students come to recognize cultural differences that can cause difficulties in management situations. Participants will acquire detailed expertise in dealing with a wide variety of cultural situations, challenges and paradigms, thus learning practical skills that will be useful for their own personal and professional development on an international level.

The course will also support the development of students’ skills in the areas of cultural sensitivity and ability to create more sophisticated conceptions of cross-cultural encounters


Professor Natalia Davidson. The course is aimed at systematizing modern problems of international economics and business and  a deeper study of one of the selected problems, taking into account the corporate social
responsibility of business. The course also provides for the systematization of the number of methods. The completed term paper is interdisciplinary and provides for the calculated economic
part and the interpretation of its results.
ILO-10 Ability to model innovative solutions for the responsible management of production, financial and economic resources, building effective communications in various socio-economic
environments for the successful conclusion of international transactions.