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We are always looking for the right answers on how society, government, and various businesses make economic decisions. How they are able to allocate limited resources most efficiently and get the most out of it fundamentally.

The main task of the Master of Economics program is to shape your gained expertise into real, applicable solutions, utilise them nationally and internationally, and create the companies that will implement them.

According to the Lithuanian magazine overlooking educational institution rankings, the 2019 edition of “Reitingai” states, that this MA + study program in Economics is recognised as one of the best in Lithuania. Our graduates are frequent winners of prizes and awards from the Lithuanian Academy of Sciences, the Ministries of Education, Science, and Sports and master’s thesis competitions.

International experts rated this study program with one of the highest scores and accredited it for a maximum period of 6 years.

Study wherever you like

With the Erasmus exchange program, you can go study at any foreign university for a semester or complete an internship at an international business of your choice.

Description of Study Programme
Location Kaunas
School of Economics and Business
Cycle Second cycle
Field Economics
Language Lithuanian
Form Full-time studies - 2 y. (evening-time; cyclic, blended learning)
Degree awarded Master of Social Sciences
Yearly Price  i Full-time studies - 4096 €

Entry requirements


Tuition fee

The tuition fee applied for the academic year 2022-2023 is indicated below:

Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 4096 €
Price per credit 68,27 €
Partial tuition fee waiver can be applied for the study price.


Financial support






Subjects of the study programme by semesters


Macroeconomic policy – fiscal and monetary policy, public policy, international economic policy
Global markets – international trade, globalisation, international competition
Finance and investment – financial markets, investment solutions, economic transactions
Data analysis – statistical analysis, research, forecasting, simulation
Evaluation of macroeconomics policy Evaluation of global markets and international trade operations Financial and investment decisions Data analysis and modelling




Accredited studies

Acknowledged by the 2019 edition of “Reitingai”, this MA + study program in Economics is recognised as one of the leading Master studies in Lithuania. Our graduates are frequent winners of prizes and awards from the Lithuanian Academy of Sciences, the Ministry of Education, Science, and Sports and master’s thesis competitions.

International experts rated the study program with one of the highest scores and accredited it for a maximum period of 6 years.

Close ties with partners

Modern studies have to match modern economic trends. Which is why we work so closely with a variety of partners in the social, public, and business sectors.

Meet our partners in Lithuania:

The Bank of Lithuania, AB SEB bank, AB Šiaulių bank, Lithuanian Free Market Institute, Vičiūnų group, AB Kauno grūdai, ACME Grupė.

Acclaimed professors as lecturers

The research program called “Challenges of Long-Term Competitiveness of the Lithuanian Economy” is the first and only scientific research in Lithuania, created to establish guidelines for the future economy and present them to our government. The KTU faculty and other highly qualified researchers, people who will be teaching you – are the ones who developed this program.

A great career awaits

Your acquired in-depth macroeconomic policies, knowledge of international economics and trade, as well as business environment forecasting will allow to adapt to almost any business or public sector company. You will be ready to work with financial and investment decision-making issues, data analytics, modelling, and bear an excellent management skill of the leading Bloomberg laboratory platforms.

The choice is yours

After graduating, you will be ready for anything. You will provide financial and business consulting services, be the head of the investment department, and director of other departments, or you could be the owner of your own business. The choice is yours. Not to mention, you will also have the opportunity to develop a career in politics or public administration or even pursue doctoral studies.



Bright and broad career prospects

What will you be able to do?

Provide professional and reasoned suggestions on almost any economic issue.

Apply innovative business development tools and discover new ways to improve them.

Process, analyse, and evaluate economic processes and occurrences.

Assess, plan, and apply existing knowledge into professional activities on national and international levels.



You may become

As an economic analyst, you will conduct economic and strategic research, develop investment plans, and do practicality assessment studies. As a specialist, you will analyse the commercial market extensively, and provide a detailed activity report, plan the economic and financial development of companies.

As a senior market professional, you will formulate economic insights according to the conditions of international and national markets. You will initiate and implement economic decisions, assess the company’s business opportunities, and forecast future financial indicators.

As a manager, you will initiate and implement innovative company solutions that would create more productive teamwork. You will also be preparing and putting to work the company’s business strategies and investment plans.



MA+ competences

Master+ is a unique model within a chosen MSc programme

The Master+ model offers either to masterpiece in the chosen discipline by choosing the Field Expert track or to strengthen the interdisciplinary skills in addition to the main discipline by choosing the Interdisciplinary Expert track providing a choice of a different competence to compliment the chosen discipline and achieve a competitive advantage in one’s career.

Students of these study programmes can choose between the path of Field Expert and Interdisciplinary Expert. Selection is made in the academic information system. Each path (competence) consists of three subjects (18 credits) allocated as follows: 1 year 1 semester (autumn) – first subject (6 credits), 1 year 2 semester (spring) – second subject (6 credits), 2 year 3 semester – third subject (6 credits). A student, who chooses a path of the Field Expert, deepens knowledge and strengthens skills in the main field of studies. The one, who chooses a path of the Interdisciplinary Expert, acquires knowledge and skills in a different area or field of studies. Competence provides a choice of alternative additional subjects.

  • Field Expert (profound knowledge and skills in the area, required for solution of scientific research tasks);
  • Interdisciplinary Expert:
    (fields of different knowledge and skills are combined for solution of specific tasks);

Acquisition of the competence is certified by the issue of KTU certificate and entry in the appendix to the Master’s diploma. In addition, students can acquire an international certificate (details are provided next to each competence).

Competences are implemented by KTU lecturers – experts in their area – and high level business and public sector organizations; their employees deliver lectures, submit topics for the student’s theses, placement-oriented tasks for the projects, etc.




Lecturers. Experts in their field

PhD Swapnil Singh

PhD Swapnil Singh

Quantitative economics
PhD Šarūnas Pajarskas

PhD Šarūnas Pajarskas

Competitive Economics
Tomas Buzas

Tomas Buzas

Investment management
Linas Baltrėnas

Linas Baltrėnas

Daiva Dumčiuvienė

Daiva Dumčiuvienė

European Competitiveness Economy
Vytautas Snieška

Vytautas Snieška

Macroeconomic Forecasting
Jurgita Bruneckienė

Jurgita Bruneckienė

Industrial economics
Gražina Startienė

Gražina Startienė

International Trade Financing




Aistė Akelaitytė

Aistė Akelaitytė

Head of Unit at APB “Apranga”


The Economics studies in KTU deepened my knowledge and skills necessary in the evaluation of business and economics challenges in the globalisation context and in making daily decisions related to the company’s management. Modelling of business environment, strategic insights, financial and marketing decisions of the company are only a small share of competencies I acquired when studying in this programme.

Dr. Aida Zigmantavičienė

Dr. Aida Zigmantavičienė

Headquarter Director at International Company „Ansell“ Industrial Global Business Unit & Body Protection“


The Economics studies helped me to educate my analytical skills, their application in practical activity by analysing and interpreting the sources, performing the empirical research and summarising the conclusions. The global context opened the possibilities to apply the acquired skills in daily situations and in making strategic decisions of the international company.

Povilas Mačiulis

Povilas Mačiulis

Graduate of the programme, political figure


When choosing between universities, I singled out KTU Economics studies as one of the strongest in Lithuania. I hoped and got a rational understanding of economics that I could rely on when analyzing situations and making decisions in the public sector and business.