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The Department of World Economics

The Department of World Economy was established in September 2001. It succeeded the Department of International Economic Relations, which was set up back in 1991.

Specialties

The Department of World Economy manages a number of undergraduate and graduate programs:

- Undergraduate Program 1-25 01 03 "World Economy" with the following specializations:
1-25 01 03 01 "Management of Foreign Economic Activity",
1-25 01 03 05 "International investment"

- Graduate Programs:
1-25 80 02 World economy
Master's Program in International Economics and Commercial Diplomacy

Educational activities

Disciplines

Courses taught to undergraduate students:

• International Economics
• World Economy
• International Economic Relations
• International Investment Activity
• International Economic Integration
• Investment Analysis
• The Economy of the Republic of Belarus in the System of World Economic Relations
• International Management

In 2019, the department introduced a new Master Degree Program - "International Economics and Commercial Diplomacy". The program is delivered in two language options - Russian or English.  It provides intensive training in fundamental economics and applied analytics. This mix is critical for a new generation of specialists involved in international economic relations and commercial diplomacy.

Courses taught to Master's Program in International Economics and Commercial Diplomacy (in Russian and English)

• World Economy and Foreign Economic Policy
• World Commodity Markets and Prices
• Commercialization and Management of Innovations
• International Investment and International Investment Agreements
• Digital Economy
• Financomics
• Commercial Diplomacy and International Trade Negotiations
• Business Environment of Global Companies
• Multilevel Economic Integration Design

The Department of World Economy is one of the leading departments of the university.  It is a regular winner of the University's Annual Competition in different nominations.

Research work

Faculty Research Areas:

Aliaksandr Yanchuk	State regulation of foreign trade. Foreign trade policy modeling.
Abdulla Ahmed	International labor migration. Economic cooperation of the Republic of Belarus and Arab countries.
Olga Borisik	The policy of import substitution in small open economies.
Yuliya Vashkevich	Trade policy. Cluster policy. International trade in value added.
Alexander Vaitsiakhovich	Currency Integration
Alena Garashchenko	Tariff regulation of foreign trade
Yahor  Herasimau	Problems of globalization, development and dynamics of the intellectual resource market, competitiveness of higher educational institutions in the context of the knowledge economy.
Alena Martsinovich	International interfirm cooperation
Karen Muradyan	International competition
Vera Ozhigina	International Economic Integration. Economic regionalization and globalization. Foreign trade and integration policies of countries and integration associations. Socially oriented and innovative economy.
Alena Petrushkevich	Foreign direct investments. FDI policy and investment climate. Development of countries with transition economies.
Alla Pranevich	International competition. Competition policy. Competitiveness. Institutional approach.
Galina Sanko	Monopoly and competition. Antitrust regulation. Demonopolization of the economy. International corporations. Financial and industrial groups. Strategic alliances. International competition. Transnationalization of production and capital. Internationalization of production.
Iryna Shamardzina	International tourism
Aksana Shkutsko	Intellectual property. Property of TNCs. Financial and industrial groups. Economic globalization. World services market.

Members of the faculty received training and underwent internships at leading universities and institutions in Austria, China, France, Germany, Great Britain, India, Poland, Spain, Switzerland, USA.

Department members regularly take part in international scientific conferences, symposia, congresses, seminars and round tables in various countries. They actively publish articles in scientific journals both at home and abroad.
The department works in close collaboration with a number of foreign academic institutions and research centers, including the UNCTAD Virtual Institute (Geneva, Switzerland), the Academy of Economic Studies of Moldova (Chişinău, Moldova), The Kazakh Ablai Khan University of International Relations and World Languages (Almaty, Kazakhstan), Plekhanov Russian University of Economics (Moscow, Russia), Azerbaijan State University of Economics (Baku, Azerbaijan), Ural State University of Economics (Ekaterinburg, Russia).