ECTS Student Information Booklet 2010-2011 - School of Business

ECTS 

INFORMATION BOOKLET 

ACADEMIC YEAR 2010/2011 

WARSAW SCHOOL OF ECONOMICS (SGH) 

Centre for International 

Programmes Development (CRPM)

Szkoła Główna Handlowa w Warszawie | Warsaw School of Economics 

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Contents 


Preface 5 

A Century on the Seas of Knowledge 6 

SGH Mission Statement 7 

The ECTS Credit System 8 

What is ECTS? 8 

ECTS Points 8 

ECTS at SGH 8 

Recognition of Credits Under ECTS 9 

ECTS Grading Scale 10 

General Description of the System of Higher Education in Poland 10 

Professional Titles Awarded to Graduates of Higher Education Institutions 11 

Academic Degrees and Titles 11 

General Description of Study System and Degree Programmes at SGH 12 

Facts on SGH 12 

Organisational Structure 13 

Types of Studies 13 

Double and Joint Degree Programmes 14 

System of Studies 14 

Fields of Studies (Majors) – Bachelors’ Level 15 

Fields of Studies (Majors) – Masters’ Level 16 

Organisation of Studies at SGH for International Students 22 

Contact Hours 29 

Teaching Formula 29 

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Grading System at SGH 23 

Transcript of Records 24 

Fees 24 

The Organisation of the 2010-11 Academic Year 25 

Courses Offered in Foreign Languages 25 

Introduction 25 

Registration 25 

List of CEMS courses offered at SGH 26 

List of All Courses Offered at SGH in Foreign Languages 27 

Explanation of SGH Course Catalogue Coding System 44 

Outlines of Selected CEMS MIM Courses 45 

SGH Study Programmes in Polish Language 82 

Bachelor’s Studies 82 

Master’s Studies 95 

SGH Study Programmes in English 112 

Contact Us 120


Preface 

Welcome to SGH – Warsaw School of Economics! 

This academic year is bringing new programmes and courses offered to foreign students, that are the result of 

our successful applications for EU Funds within the European Social Fund called “Innovative SGH” that fosters 

our internationalisation strategy. The most important “products” of these projects is establishing degree 

programmes in English at all three levels of education. In 2010/11 our Master’s in International Business 

studies are accompanied by two programmes at Bachelor’s level (in International Economics, and Quantitative 

Methods in Economics and Information Systems) and our first Ph.D Studies in Economics and Management. 

It is worth mentioning, that this year class of mentioned above new programmes will be released from 

tuition fee. 

The main purpose of the ECTS information booklet (which complements the ‘The International Student Handbook’) 

is to give you a clear insight into selected aspects of the SGH study system. The booklet also presents 

some details concerning the organisation of the current academic year and the choice of courses and programmes 

we offer in foreign languages as well as the number of ECTS credit points you can get for attending 

them. 

In order to begin studies at SGH, you should first register on-line, thereby entering our database. To have 

access to the database, you first must be initially registered by your local exchange coordinator (except freemovers 

who may apply directly). To register, please visit our on-line system available at: http://www.sgh.waw. 

pl/en/wspolpraca-en/registration. Deadlines for registration are: April 19, 2010 for the Fall semester 2010 

and October 18, 2010 for the Spring 2011 semester. Once you are registered as an SGH student you will 

receive your personal login and password to SGH’s Virutal Dean’s Office (Wirtualny Dziekanat) where you 

will complete your registration for courses. The exact dates of system availability can be obtained from our 

Incming Students’ Officer. All exchange students may choose among courses offered exclusively within their 

programme and level of studies. Remember that you might be asked to repeat the registration process if, due 

to insufficient numbers of students registered, any of these courses are cancelled. 

We wish you a lot of success in studying at SGH! 

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Preface 

A Century on the Seas of Knowledge 

Szkoła Główna Handlowa w Warszawie (Warsaw School of Economics - SGH) is the oldest economics university 

in Poland. It started its activities on 13th October 1906 under the name of Prywatne Kursy Handlowe 

Męskie Augusta Zielińskiego (August Zieliński Commercial Courses for Men) during the partitions of Poland. 

In 1915, when Warsaw was under German occupation, the name of the school was changed to Wyższa Szkoła 

Handlowa (Higher School of Commerce). A subsequent act on 15th March 1933 changed the school’s name 

once again to Szkoła Główna Handlowa - SGH. The school’s development and modernization took place during 

the interwar period (1918–1939) when SGH received full academic rights and the library and the new 

school buildings were built. 

World War II did not halt SGH’s activities and while officially functioning as two secondary vocational 

schools Kursy Gospodarcze i Miejska Szkoła Handlowa (Economic Courses and The Municipal School of Commerce), 

SGH ran an underground university-level teaching programme. In 1949 the school, after renovations 

into its pre-war shape and following the political and socio-economic changes in the country at that time, was 

nationalised and renamed Szkoła Główna Planowania i Statystyki (Central School of Planning and Statistics 

- SGPiS). The teaching programmes were adapted to the centrally planned economy needs; they were also 

filled with elements of a Marxist economy. Fortunatelly, SGH was able to create strong research schools led 

by prominent professors like: Michał Kalecki, Oskar Lange, Edward Lipiński, Aleksy Wakar and many others. 

Moreover, SGH many faculty members had the opportunity to meet their colleagues in the West as research 

fellows within several European and U.S. fellowship funds. Thanks to that aid, our faculty members and students 

had the opportunity to study market economy based theories. 

The political reforms in Poland that began in June 1989 enabled SGH authorities to transform the organisation 

of the school and its study programmes. In 1991, following a decision by the Sejm (the parliament) of the 

Republic of Poland, the school’s former name – Szkoła Główna Handlowa – was restored. Our curricula were 

adopted to the requirements of the market economy, and SGH professors and graduates were in the group of 

architects of the systemic transformation in Poland. 

Today, SGH offers courses leading to Bachelor’s, Master’s degrees for both full-time and part-time students 

(in Polish and English). Those who wish to pursue their academic career may join Ph.D. studies and choose 

among numerous postgraduate study programmes, including executive MBAs. Again, ther is an offer both in 

Polish and English. 

SGH reputation on the local and global market is reflected in several rankings. In all Polish rankings SGH 

is recognised as #1 university of economics and management and is in group of top ten Polish universities 

labelled as world-class in Poland. But SGH is also listed in international rankings: 25th place in Financial 

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Times ranking of Master’s study programmes in management (2008), and awared 5 Palmes (top recognition) 

in EDUNIVERSAL ranking of world business schools, as the only university in Poland, and one of two schools 

in the region, holding a title: “Universal business school with major international influence”. 

SGH is also proud of its alumni who were and are holding key positions in politics, public institutions, business 

and many other fields (including professional sport). Some famous alumni of SGH include: Leszek Balcerowicz 

– the co-architect of the systemic changes in Poland after 1989 and the President of the National Bank 

of Poland, Henryka Bochniarz – President of the Confederation of Private Employers, Marek Borowski – 

former First Speaker of the Parliament, Marek Goliszewski – President of the Business Centre Club, Prof. 

Danuta Hübner – former EU Commissioner for Regional Policy and currently, European Parliament member, 

Grzegorz Kołodko – former Deputy Prime Minister and Minister of Finance, Andrzej K. Koźmiński – Rector 

of the leading private university in Poland – Leon Kozminski Academy of Entrepreneurship and Management, 

Andrzej Olechowski – former Minister of Foreign Affairs, Józef Oleksy – former Prime Minister and First 

Speaker of the Parliament, Dariusz Rosati – former Minister of Foreign Affairs, Jan Truszczyński – Head of 

negotiators of Poland’s Accession to the EU - to name just few. 

SGH Mission Statement 

The Warsaw School of Economics (Szkoła Główna Handlowa w Warszawie, SGH) is the oldest university of 

economics and management in Poland. As it seeks to impart a European dimension to its academic activity, 

SGH combines an over century-long tradition with engagement in the contemporary world and the pursuit 

of future challenges. In its educational endeavours, the School seeks to provide students with the latest 

knowledge, solid working skills and a sense of responsibility to society. In its research activities, the School 

is guided by respect for the truth and usefulness to society. The School conducts both its educational and 

research activities in the field of economics and managerial sciences drawing on the achievements of other 

social sciences. Graduates of SGH, equipped with the latest general and specialized knowledge, are making a 

significant contribution to economic, social and political life in Poland and abroad. Together with academic 

and administrative staff, students and representatives of milieus connected with the School, they create the 

image of SGH, promoting its achievements and realizing its mission together. 

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The ECTS Credit System 

What is ECTS? 

ECTS, the ‘European Community Course Credit Transfer System’ or the European Credit Transfer Scheme, 

was developed in order to provide uniform procedures to guarantee academic recognition of studies abroad. It 

provides a way of measuring and comparing learning achievements and transferring them from one institution 

to another. 

ECTS is based upon the principle of mutual trust and confidence between participating academic institutions. 

There are some rules concerning: Information (on the courses available), Agreement (between the student 

as well as his/her home and host institutions) and the Use of Credit Points (indicating student workload) to 

reinforce such mutual confidence. Through an Information Package each university describes its curriculum 

not only in terms of content, but also indicating the amount of credits (measure of workload) allocated to each 

course. 

ECTS Points 

ECTS credits reflect the quantity of work in each course in relation to the total quantity of work required to 

complete a full year of academic study at an institution; that is, lectures, practical work, participation in seminars, 

individual work in the library and at home, and examinations or other assessment activities. 

In ECTS, 60 credits represent the workload of one year of study; normally 30 credits are assigned to a semester 

and 20 credits to a term. It is crucial to have no special courses be set up for ECTS purposes, but that 

all ECTS courses be regular courses of the participating institutions taken by home students under normal 

regulations. It is up to the participating institutions to subdivide the credits for the different courses, seminars 

and laboratory work. Practical placements and optional courses, which form an integral part of the courses of 

study, also receive academic credits. Non-credit courses can also be noted in the transcript. Credits are only 

awarded if the courses and seminars have been completed and all the required examinations have been passed. 

ECTS at SGH 

SGH has adopted the ECTS credit system based partially on the number of contact hours and workload. In 

general, one credit point is the equivalent of 30 hours of workload: 10 contact hours and 20 hours of individual 

work. Bachelor’s thesis is worth 10 ECTS and Master’s Thesis – 20 ECTS. For internship students 

can accumulate up to 3 ECTS credits. Students may also collect up to 2 ECTS credits for physical education 

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classes and up to 4 ECTS credits for participation in SGH sport sections and/or SGH choir and/or Dance & 

Sing Band “Wisła” (Vistula). 

To validate a term, a student must collect 30 ECTS credits each semester. In order to obtain Bachelor’s degree, 

a student must accumulate 180 ECTS and for Master’s degree - 120 ECTS. Maximum, allowed number 

of credits per academic year is 75 ECTS. 

Most of the courses offered at SGH include exams at the end of the semester. If there is no exam, evaluation 

is based mostly on classroom participation, presentations, projects and tests. For more details about the ECTS 

System at SGH please contact our Centre. 

Recognition of Credits Under ECTS 

The students participating in ECTS will receive full credit for all academic work successfully carried out at 

any of the ECTS partner institutions. These academic credits will be transferred from one participating school 

to another provided agreements between the institutions involved regarding study programmes (i.e. a Learning 

Agreement) have been made. The student remains a degree student at his/her home university, and returns 

after a limited period of time to continue studies at home. ECTS enables the student to obtain recognition of 

all the courses successfully completed abroad without loss of time or credit. Once the host institution has sent 

the ‘Transcript of Records’, credit transfer can take place at the home institution. A student may be selected 

for more than one participating institution for a limited period of time and then return to the home institution. 

Should a student choose to stay at a host institution to complete a degree, the student changes status and she/ 

he will have to comply with the legal and institutional requirements of the country and the institution where 

the degree will be completed. More convenient option for those who would like to pursue two degrees within 

one study programme is enrolment into double-degree programmes. SGH offers few such programmes, but in 

the coming academic year (as well as in next years) we are preparing for offering such opportunity with more 

universities. Any particular questions and problems concerning specific credit transfer issues are to be consulted 

individually by the student with her/his academic tutor and dean. ECTS is particularly important and 

useful for students in international study programmes (CEMS, ERASMUS, CEEPUS, etc.). 

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ECTS Grading Scale 

The ECTS grading scale is shows how we translate SGH grades into the ECTS system. 

Table 1: ECTS grading scale vs. SGH grades. 

ECTS 

grade 

A 

SGH 

grade 

5.5 

5.0 

% of students normally 

achieving 

the grade 

10 

B 4.5 25 

C 4.0 30 

Definition 

Excellent – outstanding performance with only minor 

errors 

Very good – above average standard, but with some 

errors 

Good – generally sound work with a notable number 

of errors 

D 3.5 25 Satisfactory – fair, but with significant shortcomings 

E 3.0 10 Sufficient – performance meets the minimum criteria 

F/X 

2.0 

- 

Fail – some more work required before the credit can 

be awarded 

F - Fail – considerable further work is required 

General Description of the System of Higher 

Education in Poland 

(Material adapted from the website of the Bureau for Academic Recognition and International Exchange) 

Both state and private institutions of higher education exist in Poland. The latter began to appear after 1990. 

A private school of higher education must receive permission to operate from the Ministry of National Education. 

It acquires a legal status when registered by the Minister of National Education. 

In 1998 the first state and private higher professional (vocational) education schools began to appear. These 

schools train students in professional specializations and prepare them for specific professions by including 

15-week internships and school practice in the mandatory curriculum. 

Study programs can take the form of daily, evening or extramural studies and distant learning courses. Daily 

studies is the prevalent form. 

To qualify for admission to an institution of higher education, the applicant must hold the maturity certificate 

– świadectwo dojrzałości. The rules of admission to the first year of study are determined autonomously by 

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each institution. Some organize competitive entrance examinations, others use ranking procedures based on 

the final grades listed in the maturity certificate, still others admit all who apply. 

Professional Titles Awarded to Graduates of Higher 

Education Institutions 

• the professional title of licencjat is awarded following the completion of 3 or 3.5-year higher professional 

education courses; 

• the professional title of inżynier is awarded following the completion of 3.5 or 4-year higher professional 

education courses in technical areas, agriculture, and economics and related areas; 

• the title of magister is awarded following the completion of uniform 5 or 6-year magister-level courses in 

a given field of study (this system of studies gradually disappears, due to adoption of Bologna Declaration) 

or 2-year Master’s studies; equivalent titles include magister edukacji (in the field of Education), magister 

sztuki (in the field of Fine Arts), magister inżynier (in the field of Engineering), magister inżynier architekt 

(in the field of Architecture), lekarz medycyny (in the field of Medicine), lekarz dentysta (in the field of 

Dentistry, until April 30, 2004 – lekarz stomatolog) and lekarz weterynarii (in the field of Veterinary Medicine), 

magister pielęgniarstwa (in the field of Nursery), magister położnictwa (in the field of Obstetrics). 

To be awarded any of the above titles the student must complete all subjects and internships or a practical 

placement included in the curriculum, submit and defend a diploma project or thesis and pass a diploma 

examination. 

Currently, all higher education institutions in Poland should have transform into a three-tier system of education 

dividing study programme into Bachelor’s (3-year), Master’s (2-year) and Doctoral (3-year) studies following 

the Bologna Agreement rules and recently adopted in Poland Higher Education Act. 

Upon graduation, each student receives a diploma in a specific field of study, three copies of the diploma and, 

upon request, a diploma in a foreign language. 

Academic Degrees and Titles 

• the degree of doktor is awarded to a person who has passed his/her doctoral examinations and submitted 

and defended a doctoral dissertation (rozprawa doktorska). Holding the professional title of magister or its 

equivalent is a necessary condition for the doktor’s degree; 

• the degree of doktor habilitowany is awarded to a person who holds the doktor’s degree, has significant 

scholarly or artistic achievements, has submitted a dissertation (rozprawa habilitacyjna) and has undergone 

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the successive stages of review, debate and defense; 

Qualifications awarded in arts and artistic disciplines were kwalifikacje I stopnia and kwalifikacje II stopnia 

(first and second degree qualifications) which after April 30, 2003 correspond to the academic degree of doktor 

and doktor habilitowany respectively. 

Academic degrees doktor and doktor habilitowany are awarded by organizational units of higher education 

institutions and by other scientific and research institutes. The title of profesor is conferred by the President of 

the Republic of Poland. 

See a scheme of the Polish system of the education on page 123 

General Description of Study System and Degree 

Programmes at SGH 

In 1991 The Warsaw School of Economics introduced a study system which was unique in Poland. It enabled 

students to make individual decisions on the choice of study programmes and their future professional profiles. 

In the 2006/2007 academic year, SGH introduced a three-cycle system of studies to conform with Bologna 

Declaration, which establishes a system of academic grades which are easy to read and compare. The changes 

included introduction of a diploma supplement, implementation of a two-cycle system: the first level (Bachelor) 

suited to the employment market and lasting at least three years, with the second level (Master) becoming 

available to the student upon completion of the first cycle, and the doctoral level; a system of accumulation 

and transfer of credits (ECTS); mobility of students, teachers and researchers; cooperation with regard to 

quality assurance; the European dimension of higher education. 

Facts on SGH 

Over 16,000 students study at SGH in the 2009/2010 academic year. This number includes 6,459 full-time 

students (including 265 foreigners) and 3,068 part-time students. Moreover, 6,690 students participate in 

postgraduate courses and doctoral studies. 2,992 graduates of full-time and extramural studies left SGH in 

2009. 

SGH employs 1,382 members of staff, of which 836 are academic teachers and/or researchers. The teaching 

and academic staff includes 92 professors, 137 associate professors, 307 assistant professors, 33 assistants, 

233 senior lecturers and lecturers, 34 language teachers, instructors, and librarians. Since its establishment 

in 1906, the School has educated over 80,000 graduates (at both graduate and postgraduate s levels). The 

School has awarded over 2,000 Ph.D degrees and over 500 postdoctoral habilitation degrees. 

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Organisational Structure 


The Rector, Vice Rectors (for Teaching and Student Affairs, for International Cooperation, for Science and 

for Development) and the Senate, which is a principal legislative body of the School, constitute the supreme 

authorities of SGH. 

The old structure of faculties understood as the ‘federation of schools’ had been replaced by the concept of a 

matrix structure. The Dean’s Offices of Undergraduate and Graduate Studies are responsible for implementing 

teaching programmes. Foreign languages’ teaching is provided by the Centre for Foreign Languages. Optional 

classes in physical education are offered by the SGH Sports Centre. 

Chairs and research institutes are associated into units called Collegia. The Collegia group together faculty 

members with shared research interests and offer curricula composed of specialist subjects. The programmes 

are addressed to full-time, part-time, postgraduate and doctoral students. The Collegia are headed by Deans. 

Each Collegium has its individual Scientific Council composed of all professors and associate professors as 

well as representatives of the remaining faculty members. 

The following Collegia operate within SGH: Collegium of Economic Analysis, Collegium of Socio-Economics, 

Collegium of World Economy, Collegium of Business Administration, Collegium of Management and Finance. 

Types of Studies 

SGH offers four types of studies: 

Full-time studies 

These studies (except study programmes in English) are tuition-free for Polish and EU students. On average, 

every academic year over 1,000 persons are enrolled in the full-time programme. Since the 2006/2007 academic 

year, SGH has been running a three-tier system of studies (following the Bologna Agreement rules and 

Higher Education Act): 3-year Bachelor’s (undergraduate) studies, 2-year Master’s studies (graduate), and 

3-year Doctoral studies. Students of undergraduate studies admitted to SGH are to choose their major field of 

study (with an optional minor). Graduate students are enrolled directly in the field of studies decalred as their 

major. 

Part-time studies 

This is a tuition-fee based three-cycle programme that runs in parallel with full-time studies. Part-time 

courses are held on Saturdays and Sundays or in the evening during the week and require a lot of individual 

work and self-discipline. 

Postgraduate studies 

These studies are addressed to graduate students who wish to upgrade and enhance their professional qualifi- 

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cations. Candidates for postgraduate programmes at SGH are expected to hold a Master’s or Bachelor’s degree. 

SGH offers over 80 fee-paying, one or two semester postgraduate programmes in Polish, two Esecutive 

Master of Business Administration programmes in English (Canadian Executive MBA and Warsaw Executive 

MBA), and the Executive Studies in Finance programme run in co-operation with Ernst & Young. 

Doctoral (Ph.D) studies 

Doctoral studies at SGH are organised on a full-time and part-time basis. Students may obtain a doctorate 

in economics or in management. Full-time Ph.D study programmes are free of charge for Polish and EU students, 

whereas extramural students pay a tuition fee. These studies are organised and run by the Collegia. 

Double and Joint Degree Programmes 

SGH runs two double degree programmes with Sciences Po and University of Mainz , and a doctoral programme 

with University Marne-la-Vallee. Currently SGH has finalised two double degree agreements (with 

University of Cologne and Universidade NOVA de Lisboa), joint degree programme EMLE (European Master 

in Law and Economics) and more such offers will be finalised in the near future. 

System of Studies 

Admission Procedure 

Students recruited for Bachelors’ Studies at SGH study within a standard programme in the first year of their 

studies. Before the beginning of their second year, students must choose a major. Each major is supplemented 

by a range of minor subjects which address students’ specific interests. Completing a minor is not obligatory. 

Candidates for undergraduate studies are admitted to SGH on the basis of their results of the nationwide, 

standardised exit exams from secondary level schools in the four subjects: history or geography, mathematics 

(both at advanced level), and two foreign languages: one at advanced, the second one at basic level. If 

a candidate had successfully completed secondary education, but passed exams in subjects other than those 

required, or passed them at a basic level (except second foreign language) SGH organises an equivalent exam, 

the results of which are considered into the candidates’ final score. Foreigners, who are non-native speakers 

of Polish, must pass a test in Polish and (in the case of full-time studies) in one of the selected languages: 

English, German or French (one of these three must not be a candidate’s mother tongue). 

Candidates to SGH for graduate studies must have Bachelor’s degree in any area of studies and pass: SGH 

Test of Knowledge in Economy, and a test in selected foreign language: Russian, French, English, German, 

Spanish or Italian. 

Foreigners who are non-native speakers of Polish are required to pass a test in Polish only. 

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Admission for undergraduate studies is organised once a year (July-September) and twice a year for graduate 

studies (July-September and November-January). 

More information about the enrolment into full-time and part-time studies in Polish is available at the SGH 

website: http://www.sgh.waw.pl/en/wspolpraca-en/aplication/. 

Candidates for Bachelor’s Studies in English (International Economics and Quantitative Methods in Economics 

& Information Systems) should visit our website at: http://www.sgh.waw.pl/ksztalcenie/stacjonarne/sl_ang// 

for more information 

Candidates for Master’s Studies in English (currently in the field of International Business) are admitted on 

the basis of the submitted application with the required documents. These studies are tuition-fee based. Details 

can be found at: http://www.sgh.waw.pl/ksztalcenie/international/enrolment/ 

Candidates for Ph.D. Studies in English should visit our website at: 

http://www.sgh.waw.pl/ksztalcenie-en/doctoralstudies?set_language=en for more information. 

Graduates with broader practical experience who would like to enhance or to posses managerial skills may 

consider taking the top-ranked Executive MBA Studies and postgraduate programmes organised by SGH in 

cooperation with their respected partners such as: Warsaw Executive MBA (with Carlson School of Management, 

University of Minnesota), or Canadian Executive MBA (with UQAM, Montreal, Canada). These 

programmes are tuition-fee based. Information about admission can also be found on the SGH website. 

Detailed programmes of undergraduate and graduate programmes offered in Polish and English are presented 

in the Appendix. 

Fields of Studies (Majors) – Bachelors’ Level 

The studies last six semesters (180 ECTS). During the first two semesters, students follow a standard study 

programme composed of basic courses representing disciplines required for all graduate of economic or business 

studies. During that year, students have time to choose their future major field of studies to be completed 

within the next two years. 

Currently, SGH offers Bachelor of Arts (BA) degree in the following majors: 

• Economics 

• European Studies 

• Finance and Accounting 

• Spatial Economic Policy 

• Quantitative Methods in Economics and Information Systems (also in English) 

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• International Economics (also in English) 

• Social Policy 

• International Relations 

• Management 

Economics 

A graduate in this field should know about how all the important sectors of the economy function, and how 

to effectively manage human, financial, fixed assets as well as knowledge and information capital. He or she 

should also know the methods and techniques of economic data analysis necessary to conduct professional 

expertise at the macro and microeconomic levels. A graduate should also be able to critically review opinions 

on economic issues presented in professional debates and publications. Career for graduates include analytical 

positions in large corporations, commercial banks, and consulting companies. 

European Studies 

A graduate in this field should possess basic knowledge in the fields of: economics, European law, EU institutional 

functioning, aspects of European regional development, and also in political science and sociology. The 

required skills include: effective application for EU funds, monitoring, documentation and financial settlement 

of aid programmes and projects, preparation and adjudication of Public tenders, and the implementation of 

EU rules in the preparation for and practical implementation of local development plans. Typical careers are 

linked to public administration institutions, institutions linked to European and international economy, and 

middle-level managerial positions in manufacturing and service companies. 

Finance and Accounting 

A graduate in this field should possess knowledge about finance, financial institutions’ operating principles 

(including banks and insurance companies) and be able to conduct analyses of basic economic phenomena, and 

the economic and financial standing of companies. He or she should understand cause and effect relationships, 

typical for economic phenomena in the market economy, both at macro and micro level. The studies should 

also develop the graduates’ ability to search for and understand ideas presented in professional literature. 

Minors offered: Retail and Corporate Banking, Institutional Banking, Investment Banking, Economics of 

Financial Institutions, International Finance, State and Local Government Finance, Corporate Finance, Fiscal 

Policy and Taxes, Accounting in Business and Institutions, Financial Markets, Business Insurance. 

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Spatial Economics Policy 


Graduates in this field should possess knowledge in economics, sociology, as well as natural and technical sciences, 

applying a holistic approach local and regional development processes and their design. 

Typical careers are linked to public and local government institutions. 

Quantitative Methods in Economics 

and Information Systems 

A graduate of this major should possess general knowledge in the fields of: economics and management, basic 

methods and techniques of quantitative analysis, and their practical application. The studies are aimed at 

development of skills necessary in solving macro and microeconomic problems, supported with information 

technology. Graduates of this major are flexible, rational, and autonomous in decision-making. 

International Economics 

Graduates in this field should possess basic knowledge in international economic relations and related disciplines 

that are necessary for development of practical skills. Typical tasks expected from a graduate include: 

preparation and implementation of internationalisation strategies for companies and the development of 

integration processes. Typical careers include operational and analytical managerial positions in international 

or internationally-oriented companies and international institutions. 

Social Policy 

A graduate of this major should be able to operationally implement social activities and tasks with an emphasis 

placed on their financing. He or she should be qualified, competent and professional clerk with managerial 

potential to hold lower management positions in public (government and local government) administration and 

non-governmental organisations (NGO’s) at local, regional and national levels. 

International Relations 

A graduate of this major should master knowledge in economics, law and politics allowing him or her to 

learn and understand the character and functioning of international relations and the world economy. He or 

she should also possess analytical skills for assessing a country’s problems from an international perspective. 

Graduates are most likely to start their careers as middle-level analysts and specialists in public administration, 

international organisations and institutions, and international or internationally-oriented companies. 

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Management 

The focus of this field of study is to develop theoretical basic knowledge in management, economics and complementary 

disciplines combined with specific specialisation. He or she should be able to apply this knowledge 

both in professional and private life. Typical careers are linked to middle-management positions in companies, 

non-profit organisations, public administration units, or to start his or her own business. 

Fields of Studies (Majors) – 

Masters’ Level 

At Master’s level SGH offers a variety of majors: some of them are a continuation of Bachelor’s studies, other 

fields are exclusively offered at graduate level to reflect the needs of a marketplace. 

The studies last four semesters (120 ECTS). Studies consists of 9 ECTS of core courses (uniform for all 

graduate students), core major courses and minor and elective courses. As at the undergraduate level, students 

do not have to pursue minor studies – instead, they may take a selection of courses that will better suit their 

individual needs. SGH also offers numerous ‘study paths’, the completion of which is confirmed by a special 

certificate. 

Currently, SGH offers Master of Arts (MA) degree in the following majors: 

• Administration 

• Economics 

• European Master in Law and Economics (in English) 

• European Studies 

• Finance and Accounting 

• Spatial Economic Policy 

• Quantitative Methods in Economics and Information Systems 

• International Economics 

• Social Policy 

• International Relations 

• Tourism and Leisure 

• Management 

• MA Studies in International Business (in English) 

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Administration 


A graduate in this field should posses general knowledge in economics and law that prepares them for taking 

managerial and expert positions in economic administration, public administration and other institutions dealing 

with promotion and economic development. He or she should demonstrate skills of effective communication, 

and the organisation and management of work teams. Other skills include entrepreneurship necessary to 

start his or her own business supported by good knowledge of law and its practical application. 

Economics 

A graduate in this field should gain knowledge in contemporary micro- and macroeconomics and in various 

sectors of the local and international economy. He or she should apply a wide array of analytical methods and 

techniques, be able to search and interpret economic information, conduct analyses necessary to prepare forecasts 

and decision-making, to formulate opinions on economic topics, to defend them in public and scientific 

debates, and to organise and manage teams of analysts and consultants. 

This field educates analysts in central banks and central political and economic institutions, researchers and 

faculty members in higher educational institutions and research institutes. 

European Master in Law and Economics – 

EMLE (in English) 

EMLE is a joint degree programme offered by a consortium of respected European universities offering advanced 

knowledge in economics, law and related disciplines. A graduate in this field should gain multiple skills 

enabling him or her to lead a professional career in companies, international corporations, public administration 

institutions, and to run own business. This field educates managers and analysts who are able to understand 

and apply legal acts and regulations in business practice. 

European Studies 

A graduate in this field should possess knowledge in: the problems of contemporary civilisation and Europe, 

the functioning of the EU, European markets, organisation, and the management of European companies. He 

or she should have monitoring and analytical skills in order to assess tendencies in socio-economic development 

of the EU, its member states and regions. Graduates should be able to make operational and strategic 

decisions, raise and solve problems, and to apply negotiation techniques. 

This major prepares graduates to take top managerial positions in local and international companies and 

organisations at home and other countries. 

19


Finance and Accounting 

A graduate in this field should understand the nature of risk in financial and global markets and to manage 

such. At the same time, he or she should know how to conduct financial and fundamental analyses and how to 

correctly interpret them. These skills should help a graduate to make financial decisions and to offer consulting 

services. Knowledge gained during studies should be used in identifying financial phenomena, trends and 

problems. He or she should also have a strong ethical background. 

Spatial Economics Policy 

Graduates in this field should possess knowledge in economics and sociology as well as natural and technical 

sciences. He or she should apply a holistic approach to local and regional development processes and their 

design. Typical careers are linked to public and local government institutions. 

Quantitative Methods in Economics 

and Information Systems 

A graduate of this major should be able to model and forecast economic processes, to conduct statistical 

analyses, and to solve optimisation problems using advanced computer packages. He or she should also be 

able to freely apply information technology, using the principles of IT system design and implementation. 

Other skills include: database building, knowledge of computer networks, practical application of statistical 

and econometric analyses, decision making, mathematics, and demographics. 

International Economics 

Graduates in this field should possess advanced knowledge in international economics, international law and 

management. Typical careers include managerial positions in all internationally-oriented or international 

companies, institutions, organisations and public administration units. Studies also prepare graduates to start 

their own business and to act in international markets. 

Social Policy 

A graduate in this major should be able to conduct activities and to solve economic aspects of social problems 

at the local, regional and national levels. He or she should be thoroughly prepared to take expert, top-level 

managerial positions in public (government and local government) administration and non-governmental 

organisations (NGO’s) at local, regional and national levels. 

20

International Relations 


A graduate of this major should possess analytical and methodological skills enabling him or her to take job 

positions requiring conscientious, rational and accurate evaluations combined with personal initiative potential. 

Graduates should link their careers with international institutions and companies, public administration 

units responsible for foreign affairs or economic cooperation, research and expert institutes dealing with 

international relations, and in diplomacy and mass media. 

Tourism and Leisure 

A graduate of this major should possess the knowledge and skills necessary to run his or her own business in 

the tourism industry. Graduates should be prepared to make decisions and solve problems creatively in tourism, 

and management of tourism and leisure companies, both locally and abroad. 

Management 

The focus of this field of study is to develop advanced knowledge in management and complementary disciplines 

combined with the ability to start a professional career in local and international markets, both as a 

manager and entrepreneur. Graduates should possess critical analysis skills, be able to interpret and evaluate 

economic and social phenomena, make decisions, plan, manage teams, negotiate, and be au fait with strategic 

management. Typical careers are linked to top management or expert positions in all types of companies, 

institutions and organisations. 

Master’s Studies in International Business 

(in English) 

The aim of the programme is to prepare students for their careers in international companies, with a strong 

focus on CEE markets. Courses will be taught by renowned scholars from SGH and our partner institutions. 

The programme is tuition-fee based and should attract those who, due to the language barrier, cannot join our 

full-time or part-time studies in Polish and who are interested in managing business in Central and Eastern 

Europe. 

Courses offered within this programme (if space allows) are also available to our exchange students (especially 

those who study at SGH within double-degree programmes in management) free of charge. 

21


Organisation of Studies at SGH 

for International Students 

This section contains some basic information on the organisation of courses (timing and teaching formula), the 

grading system at SGH and the organization of the 2010-2011 academic year, followed by a complete list of 

courses offered in foreign languages, course outlines of selected courses and an appendix containing a list of 

all courses offered at SGH in the new system of full-time studies. 

Contact Hours 

One teaching (contact) hour is 45 minutes. Usually, one 90-minute lecture (seminar, discussion group, etc.) is 

divided into two segments with a ten-minute break. The standard course covers 30 contact hours per semester. 

Teaching Formula 

The exchange students can choose courses offered within undergraduate or graduate studies (both in foreign 

languages and Polish), depending on their level of studies at home university. This does not apply to CEMS 

Core and Exclusive courses, which are available only to students of the given programme. Exchange students 

are allowed to take courses from the level of studies they were registered during the nomination process. 

All courses are open to SGH degree students, so foreign students attend these courses together with SGH 

students. Admission to some courses may be impossible due to: excess number of applications or course cancellation 

(due to insufficient number of applicants or resignation of the professor form offering it in the given 

semester). In such cases students will be informed of the change and asked to revise their preferences. 

Double-degree students will also have the possibility to join courses offered within the Master’s Studies in 

International Business (in English) on the basis of mutually established programmes with partner universities. 

Other exchange students are allowed to participate in these courses if the number allow. 

To make your choice of courses, please check the lists of courses published in this booklet. For the latest update 

please check our website at: www.sgh.waw.pl/courses/. 

Grading System at SGH 

Table 2 illustrates the Polish grading system compared to other international grading systems. Equivalents in 

ECTS scale are presented in Table 1. Keep in mind, however, that certain schools may apply their own grading 

system, different from the one presented below. Exchange students’ academic performance will be evaluated 

by tests, oral examinations and papers. There may also be mid-term examinations and finals (usually at 

the end of the semester or academic year). The Polish system of grading will be used for evaluation. 

22


Table 2: Grading systems in different European countries. 

Country Fail Sufficient Satisfactory Good Very good Excellent 

ECTS grade F / FX E D C B A 

Austria 5 4 3 2 1 

Belgium 7 / 8-9 10-11 12 –13 14 -15 16 -17 18-20 

Czech Rep. D C B A 

Denmark -3 / 00 02 4 7 10 12 

Estonia F D-, D, D+ C-, C, C+ B-, B, B+ A-, A A+ 

Finland 0-40 40-46 47-61 62-74 75-85 86-100 

France 0-7 / 8-9 10 11-12 13-14 15-16 17-20 

Germany 5.0 / 4.3-4.7 3.7 – 4.0 3.0-3.3 2.0 – 2.7 1.7 1.0 - 1.3 

Greece 2-3/4 5 6 7 8-9 10 

Hungary 1 2 3 4 5 

Iceland 0 - 4.99 5.0 - 5.49 5.5 - 5.99 6.0–7.99 8.0 – 8.99 9.0 – 10.0 

Ireland Fail (0-39) Pass (40-44) 3 rd (45-49) 

2 nd /II (50- 

54) 

2 nd /I (55-59) 1 st (60+) 

Italy


Transcript of Records 

In order to obtain transcripts, exchange students are requested to strictly follow the procedures that will be 

specified during orientation week. These rules were developed with Dean’s Office to meet our internal and 

national regulations. The key element of that system are declarations of course choices, requests for changes 

to your study programmes (deleted and added courses) and signed control sheets. The majority of these operations 

are conducted on-line. Credits for the courses you take are awarded by SGH on the basis of the above 

mentioned documents and official grade reports which are collected by the Dean’s Office after each semester. 

Transcripts of records are then forwarded to the students’ home universities upon completion of the study programme 

and their fulfilment of all other obligations. Information from the grade report is then entered onto 

the student’s transcript at the home university. 

Fees 

All exchange students are exempt from tuition fees, except a fee for the student ID that is collected from all 

SGH students. Details on tuition fees for free-movers can be found in the ‘How to study at SGH’ information 

booklet and on our website at: http://www.sgh.waw.pl/en/wspolpraca-en/freemovers/. 

The Organisation of the 2010-11 Academic Year 

The SGH academic year operates in the 2-semester system. There is a Fall (Winter) semester and Spring 

(Summer) semester. Each semester consists of 15 weeks of academic activity. There is a one-week Christmas 

break in the Fall Semester and a one-week Easter break during the Spring semester, with a one-week Winter 

break between semesters. Each semester is followed by an exam period. There is also an exam period in September 

for those who did not pass in June. Details are presented in table 3. The orientation week for incoming 

students will take place one week before the beginning of classes for the given semester. 

Table 3: Organisation of the academic year 2010-2011 at SGH. 

FALL (Winter) semester SPRING (Summer) semester 

1.10.2010 Fall semester classes begin 14.02.2011 Spring semester classes begin 

5.10.2010 Opening the academic year 

ceremony 

22-27.04.2011 Easter holidays 

31.10–1.11.2010 All Saints Day (holiday) 13.04.2011 SGH Day 

11.11.2010 Independence Day (holiday) 1 – 03.05.2011 Spring break 

(Labour & Constitution Day) 

23.12.2010 – 

2.01.2011 

Christmas and New Year break 5.06.2011 Spring semester classes end 

20.01.2011 Fall semester classes end 23.06.2011 Corpus Christi Holiday 

22.01 – 

3.02.2011 

Exam period 6-19.06.2011 Exam period 

4-13.02.2011 Winter break 20.06-23.09.11 Summer Holidays 

24


Courses Offered in Foreign Languages 

Introduction 

Foreign students may choose among numerous courses offered not only (but mostly) in English and few other 

major languages (German, French, and Russian). Generally speaking, the choice consists of two groups of 

courses: 

Courses offered at Bachelor’s and Master’s levels 

Other courses with restricted access (Master’s Studies in International Business in English - MIB, CEMS 

MIM Elective courses) 

Courses offered for particular educational projects 

(e.g. Interparse EU-Canada project) 

Priority in enrolling for CEMS and MIB courses is given to students of these Programmes. CEMS Core 

courses are available exclusively for CEMS students (no exception). Courses from the SGH general offer are 

open to all students (undergraduate students may select among undergraduate courses and graduate students 

may select among graduate courses). All courses are offered if there is sufficient demand or places available. 

It means, that the actual list of courses will be much shorter than the one presented here. 

For the most updated list of courses, please visit our website and download the latest version of this booklet. 

Registration 

Registration for all courses for international students (offered by SGH as general course offer) is conducted 

on-line via Virtual Dean’s Office (Wirtualny Dziekanat) the same way as other regular SGH students register. 

After initial registration, you will be asked to visit the system again to check whether the courses you have 

chosen are available. The reasons for cancellation of your selection might be: insufficient demand for a course 

or lack of free places. In both cases you will be asked to make changes in your choice. 

Once the selection is completed, you will receive a detailed schedule of the courses selected. Final session of 

the on-line changes is organised at the beginning of each semester. 

25


List of CEMS courses offered at SGH 

Code Title Instructor ECTS Sem. 

CEMS CORE COURSES (CEMS MIM) – for CEMS MIM students only! 

243031-0456 

Management Strategies in the 

New Economy 

Prof. P. Płoszajski 7.5 F 

242861-0373 Cross-Cultural Management Prof. J. Miroński 7.5 S 

CEMS EXCLUSIVE COURSES (CEMS MIM) - for CEMS MIM students only! 

236191-0084 

Climate Change Policy and Model 

UNFCCC 

Dr M. Cygler 4.5 S 

CEMS ELECTIVE COURSES (CEMS MIM) – open to all students 

242571-0061 Finance for Executives Dr T. Berent 5.5 F 

242601-0100 International Business Ethics Prof. T. Dołęgowski 4.0 F 

242461-0578 Transformation in Central and 

Eastern Europe 

242701-0207 Strategic Analysis of European 

Markets 

26 

Dr A. Słomka-Gołębiowska 4.0 S 

Prof. M. Jarosiński 4.0 F 

242641-0485 Managerial Economics Prof. R. Rapacki 4.0 F 

242621-0207 International Management Prof. M. Jarosiński 4.0 S 

242651-0215 Media Economics Prof. B. Jung 4.0 F 

242791-0485 Business-Government Relations in 

the European Context II 

Prof. R. Rapacki 4.0 S 

242721-0456 Strategy Development in Practice Prof. P. Płoszajski 

McKinsey & Company 

243021-0456 Brand Management in a 

Multinational Company 

242531-0373 Organisational Behaviour – 

Management Skills 

242591-0544 European Strategies and Int’l 

Business 

242681-0456 Organisational Behaviour and 

Organisational Design 

243381-0622 Microeconomics of 

Competitiveness (licenced by HBS) 

Prof. P. Płoszajski 

Procter&Gamble 

5.5 S 

5.5 S 

Prof. J. Miroński 4.0 F 

Prof. A. Sulejewicz 4.0 F 

Prof. P. Płoszajski 4.0 S 

Prof. W. Weresa 

Dr D. Mirońska 

4.0 F 

242581-0314 Enterprise Value Built Growth Dr G. Leśniak-Łebkowska 4.0 S 

241251-0004 Comparative Analysis of Corporate 

Governance 

242661-0233 EU Economic Policies Prof. E. Kawecka- 

Wyrzykowska 

Prof. A. Nowak-Far 

Dr M. Aluchna 4.0 S 

4.0 F


F – Fall Semester; S – Spring Semester 

Note: Current CEMS MIM course portfolio is available at: 

http://www.sgh.waw.pl/crpm_-en/cems-en/scas-en/cp-en/ 

Current CEMS MIM course schedule is available at: 

http://www.sgh.waw.pl/crpm_-en/cems-en/scas-en/cs-en/ 

List of All Courses Offered at SGH 

in Foreign Languages 

UNDERGRADUATE STUDIES – BACHELOR OF ARTS (FALL SEMESTER) 

Course 

Code 

Instr. 

Code 

Course title Instructor ECTS 

110431 0722 Economic Geography** Rutkowska-Gurak 3 

110451 0992 European Integration** Heiduk 3 

110451 0233 European Integration** Kawecka-Wyrzykowska 3 

110451 1108 European Integration** Szczech-Pietkiewicz 3 

110454 1042 Europäische Integration Paffenholz 3 

110461 0914 Macroeconomics I** Białowolski 6 

110461 1029 Macroeconomics I** Stążka-Gawrysiak 6 

110461 0680 Macroeconomics I** Żochowski 6 

110471 0914 Macroeconomics II** Białowolski 4.5 

110471 0045 Macroeconomics II** Brzoza-Brzezina 4.5 

110471 1126 Macroeconomics II** Kolasa 4.5 

110471 0804 Macroeconomics II** Makarski 4.5 

110471 0680 Macroeconomics II** Żochowski 4.5 

110501 0914 Microeconomics I** Białowolski 6 

110501 0696 Microeconomics I** Freyberg 6 

110501 0140 Microeconomics I** Geldner 6 

110501 0303 Microeconomics I** Kloc-Evison 6 

27


110501 0804 Microeconomics I** Makarski 6 

110511 0914 Microeconomics II** Białowolski 5 

110511 0096 Microeconomics II** Dąbrowski 5 

110511 0471 Microeconomics II** Prokop 5 

110521 1122 Theory of State** Kozłowski 3 

110521 0429 Theory of State** Ostaszewski 3 

110541 1110 Basics of Law** Dominowska 4 

110551 0288 Economic and Social Policy** Kawiński 4 

110551 0447 Economic and Social Policy** Piech 4 

110571 0184 Sociology** Górak-Sosnowska 3 

110581 1073 Statistics** Matysiak 7 

110581 0090 Statistics** Ptak-Chmielewska 7 

110591 1089 Management** Sołek 3 

110601 1089 Management (Challenges)** Sołek 3 

110611 0037 International Economics** Bossak 4.5 

110611 0047 International Economics** Budnikowski 4.5 

110611 0078 International Economics** Czarny 4.5 

110621 0557 Philosophy** Bołtuć 3 

110631 0482 Finance** Radomski 3 

110641 1089 Management** Sołek 6 

120111 1791 Marketing Research* Zaborek 3 

120141 0239 

28 

Deterministic Models of Operations 

Research* 

Klimkowska 3 

120151 0273 Mathematical Economics* Kruszewski 3 

120181 1165 International Finance* Sum 3 

120181 0655 International Finance* Wójcik 3 

120191 0345 Corporate Finance* Marciniak 3 

120201 0061 Corporate Finance* Berent 3 

120201 0345 Corporate Finance* Marciniak 3 

120211 0109 Public Finance* Dudek 3 

120241 0296 History of International Relations* Krukowska 3 

120301 1791 Methods and techniques of social research* Zaborek 3 

120371 0309 International Organizations* Latoszek 3


120371 0429 International Organizations* Ostaszewski 3 

120471 0203 International Private Law* Janik 3 

120471 0713 International Private Law* Targański 3 

120591 0637 Competitive Strategies* Wojtysiak-Kotlarski 3 

120661 0653 Social Security* Więckowska 3 

120711 1057 Human Resources Management* Fryczyńska 3 

120711 1134 Human Resources Management* Lipiec 3 

120711 1005 Human Resources Management* Sienkiewicz 3 

120861 0037 International Competitiveness* Bossak 3 

120881 0024 International Financial Settlements* Bień 3 

120891 0535 World Economy* Starzyk 2 

120911 0262 Demography* Kotowska 3 

120921 0301 International Marketing* Kowalik 3 

120921 1158 International Marketing* Pietrasieński 3 

120931 0325 International Business Transactions* Lewandowska 4.5 

121031 0195 Banking** Iwanicz-Drozdowska 4.5 

121061 0166 Econometrics** Gruszczyński 6 

121071 1139 Behavioral Economics** Ponsko 3 

121091 0402 Health Economics** Nojszewska 3 

121151 0233 Single European Market** Kawecka-Wyrzykowska 3 

121191 0239 Mathematics of Finance** Klimkowska 3 

121211 0709 International Cultural Relations** Kasprzak 3 

121211 0296 International Cultural Relations** Krukowska 3 

121221 0296 International Relations** Krukowska 3 

121221 0429 International Relations** Ostaszewski 3 

121261 0288 Insurance** Kawiński 4.5 

121261 0653 Insurance** Więckowska 4.5 

121271 0131 Survey methods and statistical analysis I** Frątczak 6 

121341 0956 EU Legal System** Grzelak 3 

121351 0531 Pension Systems** Stańko 3 

121371 0233 EU Common Policies I** Kawecka-Wyrzykowska 3 

121401 0148 Management in International Business** Gołębiowski 3 

121401 1158 Management in International Business** Pietrasieński 3 

29



130171 0577 Local Democracy Sakowicz 3 

130311 0543 Internationalization of Firms* Strzyżewska 3 

130401 1030 Services Marketing* Johann 3 

130821 1111 Credit Risk Matuszyk 3 

130841 0463 Computer Networks* Polak 3 

131541 0604 Methods of companies’ valuations* Tuzimek 3 

132061 0053 Security and Cooperation in Europe** Bil 3 

132071 1137 Business in Central and Eastern Europe** Ciesielska 3 

132521 0535 Transition Economics** Starzyk 3 

132601 0084 

132631 0100 

30 

Environmental Policy of the European 

Union** 

Ethics and Institutions in the Global 

Economy** 

Cygler 3 

Dołęgowski 3 

136081 0683 A Review of Classic American Movies* Piwko 3 

136091 0683 A Review of Classic British Films * Piwko 3 

136101 0009 

Advanced English for Management and 

Finance* 

Archutowska 3 

136161 1111 Credit scoring* Matuszyk 1,5 

136181 0116 Economics of tourism* Dziedzic 3 

136191 0116 The economics of a tourism enterprise* Dziedzic 3 

136361 0120 Internet Marketing Strategies Doligalski 1.5 

136371 0307 Supply chain innovation* Laskowska-Rutkowska 3 

136481 1046 General Proficient English Kraszewski 3 

UNDERGRADUATE STUDIES – BACHELOR OF ARTS (SPRING SEMESTER) 

Course 

Code 

Instr. 

Code 


110431 0722 Economic Geography** Rutkowska-Gurak 3 

110451 0233 European Integration** Kawecka-Wyrzykowska 3 

110451 1108 European Integration** Szczech-Pietkiewicz 3 

110461 0914 Macroeconomics I** Białowolski 6 

110461 0696 Macroeconomics I** Freyberg 6


110461 1029 Macroeconomics I** Stążka-Gawrysiak 6 

110461 0680 Macroeconomics I** Żochowski 6 

110471 0914 Macroeconomics II** Białowolski 4.5 

110471 0045 Macroeconomics II** Brzoza-Brzezina 4.5 

110471 1126 Macroeconomics II** Kolasa 4.5 

110471 0804 Macroeconomics II** Makarski 4.5 

110471 0680 Macroeconomics II** Żochowski 4.5 

110481 0392 Marketing** Mirońska 3 

110501 0914 Microeconomics I** Białowolski 6 

110501 0804 Microeconomics I** Makarski 6 

110511 0914 Microeconomics II** Białowolski 5 

110511 0096 Microeconomics II** Dąbrowski 5 

110511 0303 Microeconomics II** Kloc-Evison 5 

110511 0402 Microeconomics II** Nojszewska 5 

110511 0471 Microeconomics II** Prokop 5 

110521 1122 Theory of State** Kozłowski 3 

110521 0429 Theory of State** Ostaszewski 3 

110551 0288 Economic and Social Policy** Kawiński 6 

110551 0447 Economic and Social Policy** Piech 6 

110571 0184 Sociology** Górak-Sosnowska 3 

110581 1073 Statistics** Matysiak 7 

110581 0090 Statistics** Ptak-Chmielewska 7 

110621 0557 Philosophy** Bołtuć 3 

110631 0482 Finance** Radomski 3 

120111 1791 Marketing Research* Zaborek 3 

120141 0239 

Deterministic Models of Operations 

Research* 

Klimkowska 3 

120151 0273 Mathematical Economics* Kruszewski 3 

120181 1165 International Finance* Sum 3 

120181 0655 International Finance* Wójcik 3 

120191 0345 Corporate Finance* Marciniak 4.5 

120201 0061 Corporate Finance* Berent 4.5 

120201 0345 Corporate Finance* Marciniak 4.5 

31


120211 0109 Public Finance* Dudek 3 

120241 0296 History of International Relations* Krukowska 3 

120301 1791 Methods and techniques of social research* Zaborek 3 

120371 0309 International Organizations* Latoszek 3 

120371 0429 International Organizations* Ostaszewski 3 

120471 0713 International Private Law* Targański 3 

120591 0637 Competitive Strategies* Wojtysiak-Kotlarski 3 

120661 0653 Social Security* Więckowska 3 

120671 0373 Organizational Behaviour* Miroński 3 

120711 1057 Human Resources Management* Fryczyńska 3 

120711 1134 Human Resources Management* Lipiec 3 

120711 1005 Human Resources Management* Sienkiewicz 3 

120861 0037 International Competitiveness* Bossak 3 

120861 0622 International Competitiveness* Weresa 3 

120881 0024 International Financial Settlements* Bień 3 

120891 0535 World Economy* Starzyk 1.5 

120911 0262 Demography* Kotowska 3 

120921 0301 International Marketing* Kowalik 3 

120921 1158 International Marketing* Pietrasieński 3 

121071 1139 Behavioral Economics** Ponsko 3 

121091 0402 Health Economics** Nojszewska 3 


121191 0239 Mathematics of Finance** Klimkowska 3 

121211 0709 International Cultural Relations** Kasprzak 3 

121211 0296 International Cultural Relations** Krukowska 3 

121221 0296 International Relations** Krukowska 3 


121261 0288 Insurance** Kawiński 4.5 

121261 0653 Insurance** Więckowska 4.5 

121271 0131 Survey methods and statistical analysis I** Frątczak 6 

121341 0956 EU Legal System** Grzelak 3 

121351 0531 Pension Systems** Stańko 3 

121371 0233 EU Common Policies I** Kawecka-Wyrzykowska 3 

32


121401 0148 Management in International Business** Gołębiowski 3 

121401 1158 Management in International Business** Pietrasieński 3 

121411 0320 Financial analysis** Lissowska 4.5 


130171 0577 Local Democracy Sakowicz 3 

130311 0543 Internationalization of Firms* Strzyżewska 3 

130401 1030 Services Marketing* Johann 3 

130821 1111 Credit Risk Matuszyk 3 

130841 0463 Computer Networks* Polak 3 

131361 1109 Tax Systems in the EU Countries* Jamroży 3 

131541 0604 Methods of companies’ valuations* Tuzimek 3 

132061 0053 Security and Cooperation in Europe** Bil 3 

132071 1137 Business in Central and Eastern Europe** Ciesielska 3 

132131 0485 European Economics** Rapacki 3 

132521 0535 Transition Economics** Starzyk 3 

132601 0084 

132631 0100 

Environmental Policy of the European 

Union** 

Ethics and Institutions in the Global 

Economy** 

Cygler 3 


136081 0683 A Review of Classic American Movies* Piwko 3 

136091 0683 A Review of Classic British Films* Piwko 3 

136101 0009 

136131 0685 

Advanced English for Management and 

Finance* 

Business writing - Proficiency: Preparation 

for the LCCI “English for Business” 

examination at level 4* 

Archutowska 3 

Durko 3 

136161 1111 Credit scoring* Matuszyk 1.5 

136231 0722 

Impact of innovations on local and regional 

growth* 

Rutkowska-Gurak 1.5 

136341 0116 Public sector in tourism* Dziedzic 3 

136361 0120 Internet Marketing Strategies Doligalski 1.5 

136371 0307 Supply chain innovation* Laskowska-Rutkowska 3 

136481 1046 General Proficient English Kraszewski 3 

33


GRADUATE STUDIES – MASTER OF ARTS (FALL SEMESTER) 

Course 

Code 

34 

Instr. 

Code 


210101 0241 History of Economic Thought** Kloc 4,5 

210111 0410 Business Law** Nowak-Far 4.5 

220061 0053 International Security* Bil 3 

220061 0676 International Security* Żukrowska 3 

220281 0113 International Marketing** Duliniec 4.5 

220311 0084 International Environmental Protection* Cygler 3 

220381 1097 Monetary Policy* Ciżkowicz 3 

220381 0109 Monetary Policy* Dudek 3 

220381 0234 Monetary Policy* Kaźmierczak 3 

220381 0466 Monetary Policy* Polański 3 

220431 0531 Investment portfolio* Stańko 4.5 

220621 0421 Artificial Intelligence* Olejniczak 3 

220661 1122 Theories of International Relations* Kozłowski 3 

220661 0676 Theories of International Relations* Żukrowska 3 

220821 1001 Value Based Management* Bieć 3 

220821 1137 Value Based Management* Ciesielska 3 

220871 0577 e-Government Sakowicz 1.5 


221321 0312 International Logistics* Lesiak 3 

221321 0498 International Logistics* Rutkowski 3 

221322 0205 La logistique internationale Januszkiewicz 3 

221324 0205 Internationale Logistik Januszkiewicz 3 

221331 0993 International Corporate Finance* Komorowski 3 

221471 0161 Operations Management* Gregorczyk 3 

222051 1097 Applied Econometrics** Ciżkowicz 3 

222071 0531 Pension Economics** Stańko 3 

222081 0037 Institutional Economics** Bossak 4.5 

222081 0320 Institutional Economics** Lissowska 4.5 

222101 0037 Advanced International Economics** Bossak 4.5 

222101 0078 Advanced International Economics** Czarny 4.5 

222101 1126 Advanced International Economics** Kolasa 4.5 

222101 0804 Advanced International Economics** Makarski 4.5 

222101 0676 Advanced International Economics** Żukrowska 4.5


222111 1157 Labour economics** Pelle 4.5 

222111 1140 Labour economics** Ruzik 4.5 

222121 0914 Development Economics** Białowolski 4.5 

222121 1126 Development Economics** Kolasa 4.5 

222121 0447 Development Economics** Piech 4.5 

222131 1097 Public sector economics** Ciżkowicz 4.5 

222131 0402 Public sector economics** Nojszewska 4.5 

222131 0447 Public sector economics** Piech 4.5 

222141 0084 Environmental Economics** Cygler 4.5 

222151 0273 

Mathematical economics and optimal 

control theory** 

Kruszewski 6 

222231 0463 Management Information Systems** Polak 6 

222241 1165 Monetary Integration** Sum 3 

222251 0998 Financial engineering** Pruchnicka-Grabias 3 

222271 0622 Transnational Corporations** Weresa 3 

222271 1153 Transnational Corporations** Zimny 3 

222291 0109 Advanced Macroeconomics** Dudek 6 

222291 1126 Advanced Macroeconomics** Kolasa 6 

222291 1157 Advanced Macroeconomics** Pelle 6 

222341 0070 International Financial Markets** Chrabonszczewska 3 

222341 0324 International Financial Markets** Lutkowski 3 

222341 0519 International Financial Markets** Sławiński 3 

222371 0471 Advanced Microeconomics** Prokop 6 

222381 0485 Business-Government Relations** Rapacki 3 

222571 1134 Entrepreneurship** Lipiec 3 

222601 1005 Human capital management** Sienkiewicz 3 

222621 0004 Strategic Management** Aluchna 3 

222621 1030 Strategic Management** Johann 3 

222621 0637 Strategic Management** Wojtysiak-Kotlarski 3 

222821 0291 Financial Management** Krysiak 5 

222861 0498 International Logistics** Rutkowski 5 


230251 0303 Industrial Economics* Kloc-Evison 3 

230481 0094 Intercultural Communication* Ćwiklińska 3 

230711 0009 International Transport Markets* Archutowska 3 

230791 0120 New Technologies in Marketing* Doligalski 3 

35


230811 0024 Investments Projects Evaluation* Bień 3 

231231 0345 Derivatives Market* Marciniak 3 

231231 0998 Derivatives Market* Pruchnicka-Grabias 3 

231431 1030 Marketing Strategies* Johann 3 

231571 0109 Growth theory* Dudek 3 

231571 1126 Growth theory* Kolasa 3 

232121 0696 Competitiveness of Regions* Freyberg 3 

232121 1032 Competitiveness of Regions* Kowalski 3 

232251 0207 International Management* Jarosiński 3 

232261 0385 

Business Environment in Central and 

Eastern Europe* 

Mróz 3 

232271 0004 Corporate Governance Aluchna 3 

232271 0513 Corporate Governance Siemiątkowski 3 

232271 1146 Corporate Governance Włodarska 3 

232301 0699 

Business Strategies for Central and Eastern 

Europe* 

Radło 3 

232651 0699 Mergers and Acquisitions* Radło 3 

232901 0207 Strategic Analysis of European Markets* Jarosiński 3 

233001 0131 Event history analysis with SAS** Frątczak 3 

233101 1111 Data mining** Matuszyk 3 

233151 0160 

Effective IT Management and 

Governance** 

Orzechowski 3 

233291 1032 

Innovation in Regional and Local 

Economy** 

Kowalski 3 

233341 0094 Intercultural Communication in Tourism** Ćwiklińska 3 

233351 0109 Financial Crises and Financial Stability** Dudek 3 

233351 0680 Financial Crises and Financial Stability** Żochowski 3 

233411 0116 

Marketing of Tourism and Recreational 

Services** 

Dziedzic 3 

233431 0622 Microeconomics of Competitiveness** Weresa 3 

233621 0094 Public relations in tourism** Ćwiklińska 3 

233681 0709 Preparation of EU Financing Projects** Kasprzak 3 

233701 0131 Logistic Regression with SAS** Frątczak 3 

233711 0680 

Regulation and Supervision of Financial 

Markets** 

Żochowski 3 

233931 0956 

Legal Protection System in the European 

Union** 

Grzelak 3 

234051 0131 Advanced Statistical Analysis Methods** Frątczak 3 

234081 0692 Innovation Management in an Enterprise** Brdulak 3 

234081 1032 Innovation Management in an Enterprise** Kowalski 3 

36


234141 0345 Corporate Financial Risk Management** Marciniak 3 

234401 1143 Accountant in Business** (ACCA) Kumar 1.5 

234411 1142 

Accounting and Financial Reporting under 

International Financial Reporting Standards 

I** (ACCA) 

Advanced Financial Reporting under 

Burzyńska 6 

234441 1142 International Financial Reporting 

Standards** (ACCA) 

Burzyńska 6 

234461 1144 

Cost and Management Accounting I** 

(ACCA) 

Sophocleous 3 

234501 1145 Polish Business Law** (ACCA) Oleksiuk 4.5 

234511 1147 Polish Business Tax** (ACCA) Wyborska 4 

234521 1143 

Strategic Business Planning and Analysis** 

(ACCA) 

Kumar 3 

234561 0429 

International Relations on Western 

Hemisphere** 

Ostaszewski 3 

234621 0116 Modern Tourism Market** Dziedzic 3 

234671 0676 

European Union as a Player in the 

International Relations** 

Żukrowska 3 

236041 0314 Enterprise Value Built Growth (CEMS)* Leśniak-Łebkowska 4 

236051 0100 

Ethics and Institutions in Economy - 

International Business Ethics (CEMS)* 


236061 0233 EU Economic Policies (CEMS)* Kawecka-Wyrzykowska 4 

236071 0544 

European Strategies and International 

Business (CEMS)* 

Sulejewicz 4 

236081 0061 Finance for Executives (CEMS)* Berent 4 

236101 0456 

Management Strategies in the New 

Economy (CEMS)* 

Płoszajski 7.5 

236111 0485 Managerial Economics (CEMS)* Rapacki 4 

236121 0215 Media Economics (CEMS)* Jung 4 

236131 0622 

Microeconomics of Competitiveness - 

licenced by HBS (CEMS)* 

Weresa 4 

236151 0373 

Organizational Behavior - Management 

Skills (CEMS)* 

Miroński 4 

236161 0207 

Strategic Analysis of European Markets 

(CEMS)* 

Jarosiński 4 

236171 0456 Strategy Development in Practice (CEMS)* Płoszajski 5.5 

236181 0578 

Transition in Central and Eastern Europe 

(CEMS)* 

Słomka-Gołębiowska 4 

236200 0960 Polish for Foreigners – Beginning Polish Zając 4 

236200 0961 Polish for Foreigners – Beginning Polish Jelonkiewicz 4 

236210 0960 Polish for Foreigners – Intermediate Polish Zając 4 

236210 0961 Polish for Foreigners – Intermediate Polish Jelonkiewicz 4 

37


236220 0960 Polish for Foreigners – Business Polish” Zając 3 

236411 0230 Portfolio Management for Financial Advise Karnowski 3 

236441 0507 European Real Estate Challenge* Reksa 9 

236511 0386 Creativity in Advertising* Murdoch 3 

236521 0386 Cross-Cultural Management* Murdoch 3 

236581 1005 European Labour Market* Sienkiewicz 3 

236631 0463 Information Systems in Business* Polak 3 

236651 1153 International Investment Rule-Making* Zimny 1.5 

236671 0683 

Dilbert - Corporate World and Working 

Place Relationships in the Eye of a 

Cartoonist* 

Piwko 3 

236721 0386 Lifestyles and New Product Development* Murdoch 3 

236851 1109 International Tax Planning* Jamroży 3 

236881 0061 

Modern Investment Theory - Portfolio 

Theory and Capital Asset Pricing* 

Berent 1.5 

237061 0373 Public Speaking - Training* Miroński 1,5 

237081 0205 Services sector in the European Union* Januszkiewicz 3 

237251 1028 

Managing Research and Development 

(R&D) in Transnational Corporations* 

Kraj 1.5 

237321 0307 Time Based Management* Laskowska-Rutkowska 3 

237351 0637 Internal Auditing* Wojtysiak-Kotlarski 1.5 

237421 0045 Monetary Theory and Policy* Brzoza-Brzezina 1.5 

GRADUATE STUDIES – MASTER OF ARTS (SPRING SEMESTER) 

Course 

Code 

38 

Instr. 

Code 


210111 0410 Business Law** Nowak-Far 4.5 

220061 0053 International Security* Bil 3 

220061 0676 International Security* Żukrowska 3 

220281 0113 International Marketing** Duliniec 4.5 

220311 0084 International Environmental Protection* Cygler 3 

220381 0085 Monetary Policy* Chmielewski 3 

220381 1097 Monetary Policy* Ciżkowicz 3 

220381 0109 Monetary Policy* Dudek 3 

220381 0234 Monetary Policy* Kaźmierczak 3 

220431 0531 Investment portfolio* Stańko 4.5


220621 0421 Artificial Intelligence* Olejniczak 3 

220661 1122 Theories of International Relations* Kozłowski 3 

220661 0676 Theories of International Relations* Żukrowska 3 

220751 0195 Bank Management* Iwanicz-Drozdowska 4.5 

220821 1001 Value Based Management* Bieć 3 

220821 1137 Value Based Management* Ciesielska 3 



221321 0312 International Logistics* Lesiak 3 

221321 0498 International Logistics* Rutkowski 3 

221331 0993 International Corporate Finance* Komorowski 3 

222051 1097 Applied Econometrics** Ciżkowicz 3 

222071 0531 Pension Economics** Stańko 4.5 

222081 0012 Institutional Economics** Balcerowicz 4.5 

222081 0037 Institutional Economics** Bossak 4.5 

222081 0578 Institutional Economics** Słomka-Gołębiowska 4.5 

222091 0485 Managerial Economics** Rapacki 4.5 

222101 0037 Advanced International Economics** Bossak 4.5 

222101 0078 Advanced International Economics** Czarny 4.5 

222101 1126 Advanced International Economics** Kolasa 4.5 

222101 0804 Advanced International Economics** Makarski 4.5 

222101 0676 Advanced International Economics** Żukrowska 4.5 

222111 1157 Labour economics** Pelle 4.5 

222111 1140 Labour economics** Ruzik 4.5 

222121 0914 Development Economics** Białowolski 4.5 

222121 0724 Development Economics** Bukowski 4.5 

222121 1126 Development Economics** Kolasa 4.5 

222121 0447 Development Economics** Piech 4.5 

222121 0453 Development Economics** Piklikiewicz 4.5 

222121 1168 Development Economics** Rumińska-Zimny 4.5 

222131 0724 Public sector economics** Bukowski 4.5 

222131 1097 Public sector economics** Ciżkowicz 4.5 

222131 0402 Public sector economics** Nojszewska 4.5 

39


222131 0447 Public sector economics** Piech 4.5 

222141 0971 Environmental Economics** Bartoszczuk 4.5 

222141 0084 Environmental Economics** Cygler 4.5 

222151 0273 

40 

Mathematical economics and optimal 

control theory** 

Kruszewski 6 

222161 0557 Business Ethics** Bołtuć 3 

222161 0100 Business Ethics** Dołęgowski 3 

222231 0463 Management Information Systems** Polak 6 

222241 0057 Monetary Integration** Borowski 3 

222241 1165 Monetary Integration** Sum 3 

222251 0998 Financial engineering** Pruchnicka-Grabias 3 

222261 0243 Software engineering** Kobyliński 3 

222291 0724 Advanced Macroeconomics** Bukowski 6 

222291 0109 Advanced Macroeconomics** Dudek 6 

222291 1126 Advanced Macroeconomics** Kolasa 6 

222291 1157 Advanced Macroeconomics** Pelle 6 

222291 0089 Advanced Macroeconomics** Woźny 6 

222301 0301 Marketing of Places** Kowalik 3 

222341 0324 International Financial Markets** Lutkowski 3 

222351 0325 International Business Transactions** Lewandowska 3 

222501 0116 Tourist regions** Dziedzic 6 

222571 1134 Entrepreneurship** Lipiec 3 

222601 1005 Human capital management** Sienkiewicz 3 

222621 0004 Strategic Management** Aluchna 3 

222621 1030 Strategic Management** Johann 3 

222621 0637 Strategic Management** Wojtysiak-Kotlarski 3 

222721 0012 Private Law in Transformation** Balcerowicz 3 

222741 0012 Public Law in Transformation** Balcerowicz 3 

222861 0498 International Logistics** Rutkowski 5 


230251 0303 Industrial Economics* Kloc-Evison 3 

230481 0094 Intercultural Communication* Ćwiklińska 3 

230711 0009 International Transport Markets* Archutowska 3


230791 0120 New Technologies in Marketing* Doligalski 3 

230811 0024 Investments Projects Evaluation* Bień 3 

231231 0345 Derivatives Market* Marciniak 3 

231231 0998 Derivatives Market* Pruchnicka-Grabias 3 

231431 1030 Marketing Strategies* Johann 3 

231571 0109 Growth theory* Dudek 3 

231571 1126 Growth theory* Kolasa 3 

232121 1032 Competitiveness of Regions* Kowalski 3 

232261 0385 

Business Environment in Central and Eastern 

Europe* 

Mróz 3 

232271 0004 Corporate Governance Aluchna 3 

232271 0513 Corporate Governance Siemiątkowski 3 

232271 0578 Corporate Governance Słomka-Gołębiowska 3 

232301 0699 

232461 0622 

Business Strategies for Central and Eastern 

Europe* 

National Innovation Systems in the World 

Economy* 

Radło 3 

Weresa 3 

232651 0699 Mergers and Acquisitions* Radło 3 

233001 0131 Event history analysis with SAS** Frątczak 3 

233101 1111 Data mining** Matuszyk 3 

233151 0160 Effective IT Management and Governance** Orzechowski 3 

233211 0544 Theories of economic change** Sulejewicz 3 

233291 1032 Innovation in Regional and Local Economy** Kowalski 3 

233341 0094 Intercultural Communication in Tourism** Ćwiklińska 3 

233351 0109 Financial Crises and Financial Stability** Dudek 3 

233351 0680 Financial Crises and Financial Stability** Żochowski 3 

233411 0116 

Marketing of Tourism and Recreational 

Services** 

Dziedzic 3 

233491 1109 Tax Optimization** Jamroży 3 

233521 0116 Planning of tourism development** Dziedzic 6 

233621 0094 Public relations in tourism** Ćwiklińska 3 

233681 0709 Preparation of EU Financing Projects** Kasprzak 3 

233701 0131 Logistic Regression with SAS** Frątczak 3 

233711 0680 

Regulation and Supervision of Financial 

Markets** 

Żochowski 3 

41


233931 0956 

42 

Legal Protection System in the European 

Union** 

Grzelak 3 

234051 0131 Advanced Statistical Analysis Methods** Frątczak 3 

234081 0692 Innovation Management in an Enterprise** Brdulak 3 

234081 1032 Innovation Management in an Enterprise** Kowalski 3 

234081 1028 Innovation Management in an Enterprise** Kraj 3 

234141 0345 Corporate Financial Risk Management** Marciniak 3 

234421 1142 

Accounting and Financial Reporting under 

International Financial Reporting Standards 

II** (ACCA) 

Burzyńska 6 

234431 1171 Advanced Audit and Assurance** (ACCA) Papageorgiou 3 

234451 1172 Advanced Financial Strategies** (ACCA) Juhasz 6 

234471 1162 

Cost and Management Accounting II** 

(ACCA) 

Martoudes 6 

234481 1163 External and Internal Audit** (ACCA) Rolicka-Buczek 4.5 

234491 1144 Financial Management** (ACCA) Sophocleous 4.5 

234561 0429 

International Relations on Western 

Hemisphere** 

Ostaszewski 3 

234621 0116 Modern Tourism Market** Dziedzic 3 

234671 0676 

236001 0456 

236011 0485 

236021 0004 

European Union as a Player in the 

International Relations** 

Brand Management in a multi-national 

company (CEMS)* 

Business - Government Relations in the 

European Context II (CEMS)* 

Comparative Analysis of Corporate 

Governance (CEMS)* 

Żukrowska 3 

Płoszajski 5.5 

Rapacki 4 

Aluchna 4 

236031 0373 Cross-Cultural Management (CEMS)* Miroński 7.5 

236041 0314 Enterprise Value Built Growth (CEMS)* Leśniak-Łebkowska 4 

236051 0100 

Ethics and Institutions in Economy - 

International Business Ethics (CEMS)* 


236061 0233 EU Economic Policies (CEMS)* Kawecka-Wyrzykowska 4 

236091 0207 International Management (CEMS)* Jarosiński 4 

236121 0215 Media Economics (CEMS)* Jung 4 

236141 0456 

Organisational Behaviour and Organisational 

Design (CEMS)* 

Płoszajski 4

236181 0578 


Transition in Central and Eastern Europe 

(CEMS)* 

Słomka-Gołębiowska 4 

236411 0230 Portfolio Management for Financial Advise Karnowski 3 

236501 0084 Climate Change Policy and Model UNFCCC* Cygler 4.5 

236551 0544 Economics as social theory* Sulejewicz 3 

236581 1005 European Labour Market* Sienkiewicz 3 

236631 0463 Information Systems in Business* Polak 3 

236651 1153 International Investment Rule-Making* Zimny 1.5 

236671 0683 

Dilbert - Corporate World and Working Place 

Relationships in the Eye of a Cartoonist* 

Piwko 3 

236851 1109 International Tax Planning* Jamroży 3 

237081 0205 Services sector in the European Union* Januszkiewicz 3 

237251 1028 

Managing Research and Development (R&D) 

in Transnational Corporations* 

Kraj 1.5 

237321 0307 Time Based Management* Laskowska-Rutkowska 3 

237341 0559 

Structural Funds and Regional Policies in 

European Union* 

Szlachta 1.5 

237351 0637 Internal Auditing* Wojtysiak-Kotlarski 1,5 

43


Explanation of abbreviations 

MIB – Master in International Business; 

ACCA – Courses available exclusively to students pursuing ACCA minor with Ernst & Young 

CEMS – CEMS MIM Programme course (opened also to other students) 

CEMS Core – Exclusively for CEMS MIM students 

F – Fall Semester; S – Spring Semester; F/S – Both semesters 

Explanation of SGH Course Catalogue 

Coding System 

A B X X X Y - Z Z Z Z 

Catalogue Course Coding (A, B) 

11XXXY Bachelor’s (undergraduate) Studies: Core, common courses for all majors 

12XXXY Bachelor’s (undergraduate) Studies: Major courses and Electives 

13XXXY Bachelor’s (undergraduate) Studies: Major courses and Electives 

14XXXY Bachelor’s Studies (undergraduate): Elective Courses 

21XXXY Master’s Studies (graduate): Core, common courses for all majors 

22XXXY Master’s Studies (graduate): Major courses and Electives 

23XXXY Master’s Studies (graduate): Elective Courses 

24XXXY Master’s Studies (graduate): Electives Courses 

Language of Instruction Coding (Y) 

XXXXX0 Polish 

XXXXX1 English 

XXXXX2 French 

XXXXX4 German 

XXXXX6 Russian 

XXXXX9 E-learning course 

44


Outlines of Selected CEMS MIM Courses 

CEMS Core Courses 

Course title: MANAGEMENT STRATEGIES IN THE NEW ECONOMY 

Catalogue No. 242831-0456 

Type of CEMS course Core 

Instructor(s): Prof. Piotr PŁOSZAJSKI, PhD 

Number of contact hours: 30 

ECTS credits 7.5 

Semester(s) offered: Fall 

Prerequisite(s) 

Course abstract with 

objectives: 

The three major objectives of the course are to inform, suggest, 

and inspire. The course is to provide the students with a broad 

information on variety of ideas, theories, and concepts that are 

helpful for understanding the nature of today’s management 

strategies in the New Economy dominated by ITC (Internet in 

particular but not solely), with business models changing rapidly to 

incorporate such phenomena as open source, hyperarchy, Internet 

communities, prosumption, global transformation of markets, and 

the whole system balancing more than ever on the edge of chaos. 

On that base, the course intents to suggest the different actions that 

they may take on the ideas discussed. And finally, the course is to 

inspire the students by presenting a diversified picture and a real 

sense of the unlimited opportunities that today’s business creates 

for them. 

Teaching method: Lectures, discussions, group work assignment 

Grading method: Project presentations, class participation, individual papers 

Exam format N/A 

Aids allowed during exam: N/A 

Textbook required None – teaching materials will be distributed during the course 

45


Recommended literature: • Anderson, Ch., The Long Tail (Revised and updated edition): 

Why the Future of Business is Selling Less of More, Hyperion, 

2008. 

• Bacon, J. (Ubuntu), The Art of Community: Building the New Age 

of Participation (Theory in Practice), O’Reilly Media, August 2009. 

• Friedman, T., The World Is Flat: A Brief History of the Twenty-first 

Century (second edition), 2008 

• Howe, J., Crowdsourcing: Why the Power of the Crowd is 

Changing the Future of Business, Kindle Book, August 2008. 

• Kelly K., New Rules for the New Economy, Penguin Books, 1998. 

• Levitt S.D, Freakonomics: A Rogue Economist Explores the 

Hidden Side of Everything, 2006 

• Raynor M.E., The Strategy Paradox: Why committing to success 

leads to failure (and what to do about it), Doubleday Business, 

2007 

• Tappscott, A.D. Williams, Wikinomics: How Mass Collaboration 

Changes Everything, 2008 

• Toffler, E., Revolutionary Wealth: How it will be created and how 

it will change our lives, 2007 

• Internet readings and video clips (links) and handouts, to be 

distributed in class. 

Other references: 

Course topics: 

DOMINATION OF “NETWORK LOGIC” IN SOCIETY AND ECONOMY 

• To understand today’s business we have to understand the rules of the network first! 

• THREADLESS.COM: Era of social innovation 

• HYPERARCHY: The omni-present network of networks with: random access and information 

symmetry, operating in real time and “flattening the world” 

• The optimistic principle of hyperarchy: ORDER FOR FREE 

» The Cathedral and the Bazaar models 

• Crowdsourcing: nobody is as smart as everybody 

• NEW MANAGEMENT STRATEGIES FOR THE CONNECTED ECONOMY: toward Webonomics or 

Wikinomics? 

• END OF THE AGE OF STABLE DEVELOPMENT 

• Reasons for instability as a systemic feature of the future business environment: 

» ‘network effect’ of globalization 

» ‘overoptimization’ of business processes, lack of buffers and (paradoxically) 

» waste, slack resources 

» global firms inevitably making global mistakes 

» increasing homogenity of global economy and business models 

46

• Did crisis avoidance create one? 


• Nassim Taleb: dominated not by the predictable but by the highly unprobable – the 

destructive, unpredictable developments – the Black Swans. 

• ‘Any system susceptible to a Black Swan will eventually blow up’ 

• ‘When will the crisis end?’ Never. 

» Not just another economic cycle but a major restructuring of economic order 

• OUTSOURCING AND VIRTUALIZATION: The China and India challenge 

• THE DEATH OF DISTANCE AND FUNDAMENTAL CHANGE IN GLOBAL MANAGEMENT 

MODEL: A NEW STAGE OF INDUSTRIAL REVOLUTION? 

• THE DISORIENTING SPEED OF THIS PROCESS (Remember “the Future Shock”?) 

• After the crisis: “the new normal” 

• Web as the globalization taken to the extreme. Small pieces, loosely joined is the mantra. 

Growing diseconomies of scale. 

• What will be the next crash? 

• New Economy: the world of surprises and instability! Searching as a way of life 

» In the new economy, in most cases, your biggest competitor will probably come from 

outside of your sector 

» The fall of the biggest management myth of the 20th Century: the importance of tradition 

and experience in business. 

» In the New Economy sources of innovations mostly OUTSIDE of own sector! The major 

technology that will change your business will most probably come from outside. 

• LIFE IN THE AGE OF DISCONTINUITY MEANS THE NECESSITY OF PREDICTING THE 

IMPOSSIBLE! The history of the world (of business) shaped by developments that according to 

contemporary believes “didn’t have the right to happen”! 

• THE MAIN MANAGERIAL QUESTION IN THE AGE OF PERMANENT DISCONTINUITY: WHAT 

IMPOSSIBLE CAN HAPPEN? 

» Forecast for most companies is continued chaos with a chance of disaster. The challenge is 

getting comfortable with it. 

• Competitive strategy on the Edge of Chaos: unpredictible, frequently uncontrollable, even 

uneffective strategy. 

» KEY CHALLENGES: react (destroy) quickly, anticipate, if possible and lead the change when 

it makes sense. 

• CRISIS OF THE MANAGEMENT PRINCIPLES OF INDUSTRIAL REVOLUTION. 

» It’s official now: business models will no longer have multidecade span 

• Discreet charm of yesterday’s business models. NOTHING WILL BE SO EASY ANYMORE. 

• The new strategic mantra: “business model innovation” (BMI) 

• NETWORK LOGIC in strategy building. 

» Two axes for mapping the four vectors of strategic BMI: value creation approach and scope 

of relationships in the network. 

» Business model innovation strategies: Design and Dominate, Acquire and Adapt, Connect 

and Create. 

47


• HYPER-COMPETITIVE STRATEGY. 

» In the copy-cat economy the only competitive advantages are the ones that cannot be 

copied! 

• THE CHANCE PARADOX: chances are vanishing as the understanding is growing! 

• ‘Network effect’ and the lock-in mechanism 

• FREECONOMICS. Zero and ‘almost’ zero – two distant worlds. 

• Building organizational eco-systems: Co-ompetition of eco-systems, and not companies. 

Adaptation of wikinomics to production: openess, partnership, sharing, globality. 

• ‘New normality’ in management: horizontal cooperation networks, ecosystems and open 

innovation 

• Best companies and products will be modular! No company will be able to profit alone! 

• WHAT WILL ALL THIS MEAN FOR YOUR FUTURE COMPANY? 

» INSTABILITY: SYSTEM IS NEVER IMMUNE TO EVEN SMALL DISTURBANCES 

» Chaos according to Google (and its VP for Chaos) 

• MANAGEMENT STRATEGIES AT THE EDGE OF STABILITY AND CHAOS. ‘Never have your dog 

staffed’ 

• The problem of balance between stability and change 

• THE STRATEGY PARADOX: STRATEGIES WITH THE GREATEST CHANCES FOR SUCCESS 

ARE, AT THE SAME TIME, THE STRATEGIES WITH THE GREATEST CHANCES OF FAILURE! 

• THE TIME OF CRISIS REQUIRES RISKY STRATEGIES OF SUCCESS (and possibly failure) AND 

NOT THE STRATEGIES OF SURVIVAL. 

• CONCLUSIONS: the company’s future today determined by: unsatisfied clients, unnoticed 

competitors, unexpected technologies and nonintegrated employees! 

CEMS Elective and Exclusive Courses 

Course title FINANCE FOR EXECUTIVES 


Type of CEMS course Elective 

Instructor(s): Tomasz BERENT, PhD 


No. of ECTS credits 5.5 



objectives 

48 

The course introduces all the main agents active in the world 

of corporate finance, language used, financial tools applied and 

instruments traded with the prime aim to design a systematic 

approach to financial performance appraisal (ex post) and decision 

making (ex ante). Real-life experience and challenges of the CFO and 

the shareholders are the focal point in the structure of the course.


Teaching method Lectures focused on applicability of theoretical models to real-life 

situations followed by case-driven workshops, students will be 

given pre-assignments before the workshops, each student will also 

deliver a presentation on current issues in corporate finance based on 

financial press articles. 

Grading 75% - Exam; 25% of the final grade comes from Interactive exercises 

(cases, assignments, presentations etc.) 

Exam format Written - Exam is comprised of mini-case-study-type questions. For 

example, students are supposed to critically appraise given quotes, 

locate mistakes in the presented reports, agree or disagree with the 

given statements, separate out fundamental stories from also-rans, 

make decisions in situations when the evidence is patchy. 

Textbook required G.Hawawini, C.Viallet (HV), Finance for Executives: managing for value 

creation, South-Western Thomson Learning, 2007 

Recommended literature 


PART I. INTRODUCTION 

• Firm’s objectives; owners vs. stakeholders; operating vs. financial activities. Calculations are 

needed to claim one is prepared to debate issues. 

PART II. FINANCIAL ANALYSIS 

• Financial statements: balance sheet, profit and loss account, cash flow statement. 

• Managerial financial statements: invested capital; net operating profit after tax (NOPAT); 

interest tax saving. 

• Annual financial performance evaluation; return on invested capital (ROIC, ROCE); Dupont 

analysis; ratio analysis. 

• Working capital management; liquidity vs. working capital requirement. 

PART III. VALUATION & INVESTMENT APPRAISAL 

• Time value of money; nominal vs. real interest rates; simple vs. compound interest; present 

and future values; annuity. 

• Debt financing; bond valuation; yield to maturity; credit rating; bond price determinants. 

• Equity valuation; EPS; DPS; retention and payout ratios; dividend discount models; PER 

valuation. 

• Enterprise valuation; free cash flows; cost of capital; real options. 

• Investment appraisal; incremental cash flows; NPV rule; project’s rate of return rule; ARR; 

profitability index. 

• Internal rate of return; IRR vs. NPV; other investments appraisal methods; taxation and inflation; 

capital rationing. 

49


PART IV. RISK vs. RETURN, CAPITAL STRUCTURE 

• Risk-return trade-off; decision trees; sensitivity and simulation ; portfolio theory; CAPM. 

• Weighted average cost of capital (WACC); operating vs. financial leverage; ROE and ROIC vs. 

financial leverage. 

• Cost of capital vs. enterprise value; Miller-Modigliani models. 

• Estimation of cost of capital in real life applications. 

About instructor: 

Tomasz Berent, PhD in Finance from University of Wales, UK; MA in Banking and Finance from 

University of Wales, UK; MA in Economics from Warsaw School of Economics, Poland (WSE); 

Lectures in finance and investment at WSE’s under and postgraduate programmes, runs finance 

courses for executives at Warsaw Executive MBA (in co-operation with University of Minnesota, 

US) and Executive Studies in Finance (in co-operation with Ernst and Young); Outstanding Faculty 

Awards from both WSE and executives programmes. 

Professional experience includes executive positions in investment banking sector (incl. Chief 

Strategist for Emerging Markets at BNP Paribas in London, Head of Research at Investment Bank 

Austria in Warsaw); Over 100 equity reports (published in English) on valuation and sector analysis 

on Polish and other Emerging Markets companies. 

Course title: INTERNATIONAL BUSINESS ETHICS 

(ETHICS AND INSTITUTIONS IN THE ECONOMY) 


Type of CEMS 

course 

50 

Elective 

Instructor(s): Prof. Tomasz DOŁĘGOWSKI 

Number of 

contact hours: 

30 


Semester(s) 

offered: 


Course abstract 

with objectives: 

Fall 

The lecture and seminar concentrates on business ethics, ethics in the economy 

and relations between business, society, institutional environment, social capital 

and competitiveness in the international context. The concept of lectures has 

been inspired by the MBA Programme and works of the CEMS Interfaculty Group 

in Business Ethics. 

The aim of the lecture: 

• Presentation of the selected traditional and modern reflections on the 

philosophical, axiological and ethical aspects of social, economic and public 

life as well as basic modern business ethics

Teaching 

method: 


• Introduction to the problems on the border between economics, business 

administration, philosophy, moral philosophy and theology 

• Education of the future managers on moral consequences of their choices 

• Debate on the practical implications of Business Ethics for business activity 

and society 

• Introduction into “Oxford debates”. 

The main fields covered by the lecture: 

• The essence of the business ethics and ethics in economy. Business and 

society 

• The moral backgrounds (foundations) of the market. Institutional and ethical 

aspects of economic development and competitiveness 

• The development of business ethics and main currents in business ethics 

reflections. Religion, spirituality and the ethics in economy 

• The concept of the Corporate Social Responsibility 

• Regulation and Self-regulation in business 

• The ethical aspects of International Business, globalization and 

competitiveness 

• Selected dilemmas in business ethics and professional life 

• Ethical problems in the countries of transition. 

lecture and discussion, case – studies, “Oxford debates”, discussion of literature 

and films (movies). 

Grading method: • Active participation in the class discussion 

• Participation in the debates 

• A paper/presentation 

• Final exam 

Exam format: 

Aids allowed 

during exam: 

Textbook 

required (main 

readings) 

• L. Zsolnai (ed), Ethics in the Economy. Handbook of Business Ethics, Peter 

Lang, Oxford 2004. 

• N. Bowie, T. Beachamp, Ethical Theory and Business, Prentice Hall 1997. 

51


Recommended 

literature: 

52 

• A Free Society Reader, ed. by M. Novak, Lexington Books, Oxford 2000. 

• N. Bowie, Business Ethics. A Kantian Perspective, Blackwell Publ., Oxford 1999. 

• T. Donaldson, The Ethics of International Business, Oxford University Press, 

Oxford 1992. 

• J. H. Dunning, Global Capitalism at Bay?, Routledge 2002. 

• R. E. Frederick, A Companion to Business Ethics, Blackwell Publ., Oxford 2002. 

• M. Friedman, The Social Responsibility of Business is to Increase its Profits, 

“New York Times Magazine”, Sept.13, 1970. 

• John Paul II, Centesimus Annus, Vatican 1991. 

• M. Novak, The Spirit of Democratic Capitalism, Madison Books, new York 1992. 

• J. E. Post, W. Frederick, Business and Society, McGraw-Hill, New York 1996. 

• M. L.Stackhouse (ed.), On Moral Business, Eerdmans Publ., Grand Rapids 

1995. 


• The concept of Business Ethics and the Ethics in the Economy. Economics, business 

administration and philosophy. Methodological, axiological and ethical questions. Business Ethics 

and the Ethics in Economy as scientific disciplines. The history of the discipline and modern 

concept of Business Ethics. Suggested readings: L. Zsolnai, Ethics…op.cit., chapters 1 and 2. N. 

Bowie, T. Beauchamp, Ethical Theory and Business…, op.cit., chapter 1. 

• Moral foundations of the market. Oxford debate: “Does ethics pay”? Can the market economy 

exist and survive without the ethical values? Relations between economic life, liberties, morality 

and law. Suggested readings: L. Zsolnai, Ethics…op. cit., chapters 3. A Free Society Reader… op. 

cit., chapter 2. 

• The main concepts in Business Ethics and the development of the discipline: utilitarian theories, 

Kantian ethics, virtuous ethics, Christian tradition. The economic, business and ethical traditions 

in non-European cultures – general introduction. Basic readings: N. Bowie, T. Beachamp, Ethical 

Theory…op. cit., chapter 2. M. Stackhouse (ed.) On Moral Business… (selected fragments). 

• The Theory of Social Capital and The Theory of Institutions. Introduction into the theory of 

institutions (new institutional economy) and the theory of social capital. Transaction costs and the 

agency problem. Freedom, values and development. Implications for the economic policy. 

• Readings: D. North, Institutions, Institutional Change and Economic Performance, Oxford 

University Press, Oxford 1997. M. Novak, The Spirit of Democratic Capitalism, Madison Books, 

New York 1992. (chapter 1) 

• F. Fukutama, Social Capital and Civil Society, IMF Working Paper, IMF 2000. A Free Society 

Reader…,ed. by M. Novak, op. cit. (chapter 3). 

• Religion, spirituality and the business ethics (1): General reflections on relations between religion, 

ethics and business. Main currents in Christian tradition. The ideas of Max Weber about the role 

of the protestant ethics in the development of modern capitalism. Readings: L. Zsolnai, Ethics…, 

chapter 2. International Encyclopedia of the Social Science. On Moral Business…, ed. by M. 

Stackhouse (selected fragments)


• Religion, spirituality and the business ethics (2): The historical development and main ideas of 

Catholic Social Teaching. The main principles: principle of justice, solidarity, common good, 

subsidiarity, charity. The Catholic Church and market economy. Political implications: the example 

of social market economy in Germany. Readings: John Paul II, Centesimus Annus, Vatican 1991. 

Benedict XVI, Caritas in Veritate, Vatican 2009. M. Novak, The Spirit of Democratic Capitalism… 

op. cit. (chapter 3) 

• Business and Society – CSR. The concept of Corporate Social Responsibility (1): stockholder 

and stakeholder approach. Readings: L. Zsolnai, Ethics…, op. cit., chapter 4 and 6. N. Bowie, T. 

Beauchamp, Ethical Theory and Business…, op. cit., chapter 2. 

• The concept of Corporate Social Responsibility (2): The Oxford debate: “Advanteges and 

disadvantages of CSR”. The ideas of M. Freedman vs. E. Freeman and N. Bowie about the 

relations between business and society. Stakeholders and Corporate Governance. Readings: 

M. Friedman, The Social Responsibility of Business is to Increase its Profits, “New York Times 

Magazine”, Sept. 13, 1970. N. Bowie, Business Ethics. A Kantian Perspective, Blackwell Publ., 

Oxford 1999. 

• Regulation, deregulation and self - regulations in business. Ethical codes of conduct in business 

and social (public life) life. Examples and the contents of the codes of conduct. Readings: selected 

codes of conduct. N. Bowie, T. Beauchamp, Ethical Theory…, chapter 3. 

• The selected dilemmas in business ethics and managerial ethics: 

• Telling the truth. The Employee-employer-consumer relationship. Discrimination. The ethical 

leadership. Readings: L. Zsolnai, Ethics…, chapter 7. N. Bowie, T. Beauchamp, Ethical Theory…, 

chapter 4. Case studies: Working for ethical company in unethical environment 

• How to implement ethical values and CSR into domestic and international business? Examples 

of international and domestic initiatives. Role of Caux Round Table, Global Compact, Christian 

initiatives, ARCTURUS as an instrument for CSR implementation. Microcredits, ethical investing 

and other initiatives: strong and weaknesses. Readings: Caux Round Table materials, S. Young: 

Moral Capitalism 

• The ethics of international business and management: Cultural and religious differences – 

implications for business ethics, cross-cultural differences and communication (European values 

vs. the American and Eastern traditions and religions). Universalism vs. Relativism and Realism 

in Business Ethics. Readings: M. Stakehouse (ed.), On Moral Business…(selected fragments). T. 

Donaldson, The Ethics of International Business, Oxford University Press, Oxford 1994. 

Case studies: The Bhopal tragedy. 

» The ethics of international business and competitiveness: transnational corporations, 

globalization and ethical reflection. The main codes of conduct of (and for) transnational 

corporations. 

» Readings: L. Zsolnai, Ethics…, chapter 12. J. H. Dunning, Global Capitalism at Bay?, Routledge 

2002, chapter 1. The case of Shell. 

» Selected ethical problems in Poland and in transition economies. Readings: T. Dołęgowski, 

Institutions and International Economic Competitiveness in the period of globalization (mimeo) 

» Selected case-studies from some Polish companies. 

» Modern tendencies in business ethics. Ethical leadership: Individual ethics, corporate ethics 

and the ethics of institutions. “The spirituality of management”. The future of the discipline. 

Summary and Final exam. Readings: L. Zsolnai, Ethics…, chapter 14. On Moral Business…, 

(ed. by M. Stakehouse) – Epilogue. 

53


Course title: TRANSFORMATION IN CENTRAL AND EASTERN EUROPE 



Instructor(s): Agnieszka SŁOMKA-GOŁĘBIOWSKA, PhD 



Semester(s) offered: Spring 



objectives: 

54 

The course aims at introducing students to problems of 

transformation in Central and Eastern Europe. It addresses the issue 

of transition from a planned to a market economy in a number of 

countries from the region. Comparative analysis of different countries 

in transition will provide insights both into the challenges that have 

arisen, the process of change itself as well as its outcome. The main 

focus of the course is institutional change as the transition experience 

has shown the importance of the institutions is underlying market 

system. Hence, the course investigates how different institutional 

arrangements hindered or supported economic growth in different 

transition economies. 

Teaching method: Lecture with case-studies and discussions 

Grading method: Group presentation (100%) 

Exam format Students will be asked to prepare in groups presentation of a relevant 

country case study. The case study will be presented and discussed 

during the second half of each class. The topics of the presentation 

will be distributed during the first class. The lecture will assist in the 

preparing the presentation. 

Aids allowed during exam: N/A 

Textbook required • L. Balcerowicz: Socialism, Capitalism, Transformation, Central 

European University Press, 1995. 

• S. Djankov, P. Murrell: Determinants of Enterprise Restructuring in 

Transition, SSRN, 2002. 

• E. Balcerowicz, L. Balcerowicz, I. Hashi: Barriers to Entry and 

Growth in New Firms in 

• Early Transition, Kluwer Academic Publishers, Boston, 2002. 

• G. Roland: Transition and Economics, MIT Press, 2000, chapter 13. 

• K. Pistor, M. Raiser, S. Gelfer: Law and finance in transition 

economies, Economics of Transition, 8, 2000 

• D. Kaufmann, P.Siegelbaum: Privatization and Corruption in 

Transition Economies, Journal of International Affairs, Vol. 50, No. 

2, 1997.


• R. Baldwin, J. Francois, R. Portes: The costs and benefits of EU 

Enlargement to the East, ‘Economic Policy’, 24, 125-176, 1997, 

• Transition Report, EBRD, Integration and regional cooperation, 2003 

• Transition Report, EBRD, Ten years of transition, 1999 

• All readings are available at SGH library or will be distributed 

during class. 

Recommended literature: Optional literature will be listed in the detailed course outline. 


• Introducing aim and program of the course. 

• Understanding institutional change. Definitions of institutions and institutional change; Types 

of institutions; Why institutions matter? Transaction cost economics; The dependency path; 

Institutions and economic performance 

• Comparative institutional analysis of socialist and capitalistic economic system. Institutional 

variables of an economic system; Plan versus market; The nature of the socialist system – initial 

conditions in transition countries; Fundamental ideas about the market system 

• Understanding transition. Macroeconomic policy ; Major issues in transition; Behavior of stateowned 

enterprises 

• Privatization process of state-owned enterprises. Pre-privatization behavior and initial 

conditions; Legal framework; Various methods of privatization; Cross-country comparison 

of privatization process outcome; Side effects of privatization; Structure of ownership across 

countries; Ownership structure and firm performance 

• Spontaneous privatization – entrepreneurs, new firms and investment. Importance of de novo 

firms; Finance of de novo firms; Investment in de novo firms. 

• On the speed and scope of transition. Political economy of transition and the choice of 

reform strategies; Gradual transition versus shock therapy approach. Pro/Cons analysis; How 

institutions and human behavior matters for transition process? Comparison of Central and 

Eastern Europe and China 

• Financial sector development. Banking sector development; Legal changes; Capital market in 

transition economies; Bank-based or market-based financial system in the CEE countries? 

• Corporate governance issues in transition economies. Principal-agent problem in transformation 

economies; Equity-based governance problem; Debt-based governance mechanism; Which 

model is it: Continental-Japanese or Anglo-Saxon? 

• Foreign direct investment in transition economies. FDI and privatization process in the CEE 

countries; Mode of entry of foreign investors; Inflow of FDI to the region– cross country 

comparison; Incentives structure for FDI in the CEE; Obstacles for FDI in the CEE; The role of 

FDI for a recipient country 

• Reforming Public Finance and Government. Legal and government reform; Taxes and 

government incentives; Monopoly regulations 

• Corruption as a significant problem in transition economies. Definitions of corruption; Political 

system and corruption activities; Privatization as an engine of corruption in the CEE; Resource 

endowment and corruption; Other corruption activities in the EEC 

• Accession to the European Union and transition process. Preparation for the EU accession; 

Economic issues of the EU accession; Political issue of the EU accession; Legislative 

adjustment; Benefits and costs of the EU enlargement for the CEE countries 

• Successes and failures of transition process across countries in the region. Factors that impact 

the outcome of transformation; Successes of transformation; Failures of transformation 

55


Course title: STRATEGIC ANALYSIS OF EUROPEAN MARKETS 

Catalogue No. 242701 - 0207 


Instructor(s): Mirosław JAROSIŃSKI, PhD 




Prerequisites: Strategic Management 


objectives: 

56 

In the presence of changes in political situation in Europe and the 

pressure from globalising economy there is a need for the European 

context of strategic analysis for companies operating on the European 

Market as well as for the companies from outside EU which are 

planning to enter this market. It is worth to remember that entering 

one of the country markets is like entering pan European market on a 

small scale since there are no major obstacles that can prevent such 

a company from further expansion to other markets in Europe. The 

course objective is then to teach students to look at Europe as at one 

regional market but at the same time to see cross-country differences. 

The course will equip participants with tools to perform strategic 

analysis for use in a wide variety of business contexts. The pressure 

will be put on the practical application of various methods of analysis 

with the use of real-world data. This will make students look for data, 

which are scarce resources. Students will have the opportunity to 

possess new capabilities as to identify where and how to get the 

information for decisions is one of the most challenging jobs of 

strategic management. 

The course has been built in a way that will enable students to apply 

theoretical knowledge in practice in the best possible way. The course 

starts with a set of lectures that will present the methodology and 

logic of strategic analysis. The lectures interlace with workshops (see 

organisation of the course) that will let students learn the practical 

side of analysis when performing various tasks. 

The set of workshops will be followed by students’ presentations 

of the results of analyses at the end of the semester. The course 

is finished by a sum-up lecture which is the right time to share 

experience from the work done and get feedback from the audience. 

During the course we assume that students act as consultants who 

advise the investor if the sector is attractive enough to put money in. 

Thus each group has to draw the conclusions on the following issues: 

• Is the sector worth investing in Europe? 

• If the sector is worth investing which country and which 

development mode to choose? 

• Which groups of investors may be interested in the entry and what 

entry barriers will they have to surmount? What would the cost be? 

Teaching method: Lecture, workshops & field study, presentations

Grading method: • Presentation – 40% 


• Written report – 30% 

• Collection of information – 10% 

• Workshop participation and presentation attendance – 20% 

Exam format Group-work presentations and written report 

Aids allowed during exam: Multimedia equipment for presentations 

Textbook required • C. S. Fleisher, B. E. Bensoussan, Business and Competitive 

Analysis: Effective Application of New and Classic Methods, FT 

Press, 2007. 

Recommended literature: • M.E. Porter, Competitive Strategy, Free Press 1980. 

• R. Lynch, Corporate Strategy, 4th Edition, FT Press 2006. 

• A. A. Thompson, A. J. Strickland, J.E. Gamble, Crafting and 

Executing Strategy. The Quest for Competitive Advantage. 

Concepts & Cases, 16th International Edition, McGraw-Hill, Boston, 

Burr Ridge and other, 2008. 

• Y. Allaire, M. E. Firsirotu, L’entreprise stratégique: ponser la 

stratégie, Gaëtan Morin Éditeur Itée. Boucherville 1993 

Other references: Library resources, databases available at the library. Internet. 


• General rules of sectors’ analysis 

» The role of analysis in the strategic management process 

» Various dimensions of analysis 

» Definition of sector boundaries 

» Sources of information 

• Review of various methods of analysis 

» Value system 

» Sector’s life-cycle 

» PEST analysis 

» Economic profile 

» Driving forces 

» Comparative analysis 

» Porter’s five forces analysis 

» Strategic groups analysis 

• The conduct of analysis: 

» Steps of analysis 

» Identification of sources of information 

» Information gathering 

» Information processing 

» Report and presentation preparation 

57



Mirosław Jarosiński, PhD, Warsaw School of Economics (SGH), Assistant Professor at Katedra 

Zarządzania w Gospodarce (Department of the Management in the Economy) 

• M.A. 1994, Warsaw School of Economics 

• PhD 2002, Warsaw School of Economics 

• The Director of Master’s Studies in English 

Teaching at Warsaw School of Economics (SGH), Canadian Executive MBA (joint project of SGH 

and University of Quebec at Montreal) 

Research specialisation: 

Strategic management, international business, international management. His recent research 

concentrates on internationalisation of Polish companies. 

Publications 

As an author or co-author has a record of over fifty articles, papers delivered at various 

conferences and research reports - all of them concerning management issues. 

Other 

Participated in faculty development programmes at the School of Business at Carleton University, 

Ottawa, Canada (1997), the School of Business at Memorial University of Newfoundland, St. 

John’s, Canada (2001), Harvard Business School, Boston, the US (2005). 

Rewarded with the Best Teacher Award – the prize for excellence in teaching in Canadian EMBA (in 

1998) and SGH Rector’s Prize of third degree for the achievements in teaching methods (in 2005 

and in 2007) as well as Rector’s Prize of second degree for organisational achievements (in 2009). 

58


Course title: MANAGERIAL ECONOMICS 



Instructor(s): Prof. Ryszard RAPACKI, Mariusz PRÓCHNIAK 





objectives: 

This course has been designed to equip students with a set of tools 

and basic economics principals, which provide a consistent overall 

view of competition and cooperation in different environments. 

The main emphasis has been placed upon practical implications 

of these principals, i.e. ways they can be incorporated into and 

improve the decision-making process of managers of today and 

tomorrow. 

The course is divided into four main areas. (1) Market Micro- 

Structure. (2) Industrial Structure and Competitive Strategy. (3) 

Uncertainty and Information. (4) Incentives. 

Seven major economic concepts are introduced. (1) Pricing 

decisions, with emphasis on marginal revenue and marginal 

cost conditions. (2) Competitive strategy, with emphasis on 

entry decisions and repeat interactions. (3) Property rights, with 

emphasis on solutions to the ‚free-riding’ problem. (4) Bargaining, 

with emphasis on backwards induction, common knowledge, and 

reciprocity. (5) Risk sharing, with emphasis on efficiency gains. 

(6) Information, with emphasis on incorporating information and 

revising beliefs. (7) Incentives, with emphasis on asymmetric 

information and incentive contracting. 

Seven foundational methods are introduced to compliment your 

understanding of the eight concepts: (1) Optimisation principles, 

with emphasis on marginal conditions, (2) Repeated games, 

with emphasis on reputations and enforcements, (3) Normal 

form games, with emphasis on dominant strategies and Nash 

equilibrium, (4) Extensive form games, with emphasis on the 

principle of backwards induction, (5) Expected utility theory, with 

emphasis on risk preferences, (6) Decision trees, with emphasis 

on Bayes’ rule, (7) Incentive compatibility, with emphasis on goal 

alignment. 

Teaching method: Lecture, cases, group-work and discussions 

Grading method: Class participation and activity 30%, Final exam 70% 

Exam format Written 

Aids allowed during exam: None 

Textbook required 

59


Recommended literature: • Samuelson W. and Marks S., Managerial Economics. 5th edition, 

John Wiley & Sons 2006. 

• McMillan, J., Games, Strategies and Managers. Oxford 

University Press 1992. 

• Begg D., Fischer S. and Dornbusch R., Economics, 6th edition. 

McGraw-Hill 2000. 

Other references: • Rapacki, R., Ekonomia menedżerska. Handouts of the course. 

SGH, Warsaw 2001. 

• Articles from Rzeczpospolita, Gazeta Bankowa and Nowe Życie 

Gospodarcze. 


• Introduction to the course (3 hours) 

• Demand analysis and pricing decisions (3) 

• Cost analysis and production decisions (3) 

• Market structure and optimal decisions (3) 

• Oligopoly and game theory (3) 

• Decision-making under uncertainty (3) 

• The value of information (3) 

• Bargaining and negotiation (3) 

• Optimal search (3) 

• Capital budgeting (3) 

About instructors: 

Prof. Ryszard RAPACKI 

• Head of Dept. of Economics II, Warsaw School of Economics 

• Adjunct Professor, International Business Studies, Carlson School of Management 

• Senior Fellow, członek International Faculty, Centrum Badań nad Integracją Europejską (ZEI) 

• MA, 1972, International Economics, Warsaw School of Economics 

• PhD, 1976, Economics, Warsaw School of Economics 

• Habilitation, 1986, Economics, Warsaw School of Economics 

• Full Professor, 1996, Economics 

• 


• macroeconomics 

• economic policy 

• systemic transformation 

• privatisation and corporate governance in East-Central Europe 

• public expenditure in Poland 

• corporate governance patterns in Poland 

• merges and takeovers in the Polish banking sector 

60


Mariusz PRÓCHNIAK 

• Assistant professor at Dept. of Economics II, Warsaw School of Economics 

• MA, 2002, Quantitative Methods and Information Systems, Warsaw School of Economics 



• macroeconomics 

• economic growth and real convergence 

• transition countries (focus: Central and Eastern Europe) 

Course title: INTERNATIONAL MANAGEMENT 



Instructor(s): Mirosław JAROSIŃSKI, PhD 

Number of contact 

hours: 

30 




objectives: 

The changes in the surrounding environment force companies to go 

internationally. The abandonment of many trade barriers all around 

the world, globalisation of more and more sectors of the economy, 

the emergence of global competitors and the fast development of 

telecommunication technologies change traditional business models. 

Many companies start international expansion and this requires different 

management styles and formulas. The course objective then is to 

teach students to look at management problems from international 

perspective. 

The course will provide participants with ideas of problems the 

management of international companies may face and the methods 

to solve them. Students will also have the opportunity to learn what 

changes are required in the company starting operations on international 

or global scale. 

Teaching method: Lectures, cases, videos, discussions, individual assignments, workshops, 

presentations 

Grading method: • Final project – 40 % 

• Written report on group’s internal cooperation – 20 % 

• Assignments and contribution to in-class discussions – 30 % 

• Workshop participation and presentation attendance – 10 % 

61


Exam format Final project presentation and written report 

Aids allowed during 

exam: 

62 

Multimedia equipment for presentations 

Textbook required • C.W.L. Hill, International Business. Competing in the Global 

Marketplace, 

6th international edition, McGraw-Hill/IRWIN, Boston 2006. 

Recommended literature: • C.A. Bartlett, R.P. Baughman, S. Ghoshal, J. Birkinshaw, Transnational 

Management, 4th edition, McGraw-Hill/IRWIN, Boston 2003. 

• P.W. Beamish, A.J. Morrison, A. Inkpen, Ph.M. Rosenzweig, 

International Management. Texts and cases, 5th international edition, 

McGraw-Hill/IRWIN, Boston 2003. 

• P. Evans, V. Pucik, The Global Challenge: Frameworks for International 

Human Resource Management, McGraw-Hill/IRWIN, Boston 2002. 

• R. Hodgetts, F. Luthans, J. Doh, International Management: Culture, 

Strategy and Behaviour, 6th edition, McGraw-Hill/IRWIN, Boston 2005. 

• G. Hofstede, Cultures and Organisations, HarperCollins, London 1994. 

• F. Luthans, J.P. Doh, International Management: Culture, Strategy and 

Behaviour, 7th edition, McGraw-Hill, Boston 2009. 

• E. Marx, Breaking Through Culture Shock: What You Need to Succeed 

in International Business, Nicolas Brealey Publishing, London 1999. 

• A.V. Phatak, R.S. Phagat, R.J. Kashlak, International Management. 

Managing in a Diverse and Dynamic Global Environment, McGraw- 

Hill, Boston 2009. 

• R. Vernon, L.T. Wells, S. Rangan, The Manager in the International 

Economy, 

7th edition, Prentice Hall Inc., New Jersey 1996. 

• G. S. Yip, Total Global Strategy, Managing for Worldwide Competitive 

Advantage, Prentice Hall Inc., New Jersey 1992. 

Other references: Library resources. Internet. 


• Specifics of International Management 

• International Environment 

• Internationalisation of Business Activities 

• Cross-border Strategies 

• Development of Products for Foreign Markets 

• Differences in Culture among the Nations and Countries 

• Influence of religion on doing business 

• Cross-cultural Management 

• Process of acculturation 

• International HRM 

• Cross-cultural Training

Course title: MEDIA ECONOMICS 



course 

Elective 

Instructor(s): Prof. Bohdan JUNG 



30 


Semester(s) 


Fall 


Prerequisite(s) Introduction to Economics, Management and Marketing will be helpful 


and objectives: 

Teaching 

method: 

Grading 

method: 

Complete overview of the economics of traditional, electronic and digital media 

– one of the fastest growing sectors of the „new economy“. After mastering 

basic concepts in media economics, students will learn how to analyse media 

markets, technological trends, evolution of media demand and supply. They will 

familiarize themselves with the most essential processes: commercialisation, 

concentration, convergence and technological race, hegemony of American 

media in the world information order, as well as with the possibility of regulation 

and conduct of media policy. The future of media markets will also be 

addressed. 

Lecture, discussion, case study analysis 

Term Report (40%), Presentation (20%), Final exam (40 %) 

Exam format Written: choice of questions 

Aids allowed 

during exam: 

Textbook 

required 

Recommended 

literature: 

Other 

references: 

None 

- E.S. Herman, R.W. McChesney, The Global Media. The New Missionaries of 

Global Capitalism, Cassel, London 1997 

- P.J. Humphreys, Mass media and media policy in Western Europe, Manchester 

University Press, Manchester-New York, 1996 

- D.McQuail, K.Siune, (red.), Media Policy. Convergence, Concentration and 

Commerce, Sage Publications, London, Thousand Oaks, New Delhi 1998 

- J.Urry, S.Lasch, Economies of signs and space, Sage, London 1996 

- J.G Blumler (ed.) Television and the public interests. Vulnerable values in West 

European broadcasting, Sage Publications, 1992 

-J.Rifkin, The Age of Access. How the shift from ownership to access is 

transforming modern life, Penguin Books, London 2000, pp.96-185 

R.Lorimer, P.Scannell, Mass Communications. A comparative introduction, 

Manchester University Press, Manchester 1994, pp.228-266 

Handouts, articles and statistical sources distributed throughout the course 

63



• Basic concepts: old and ‚new‘ media, electronic media, stream media, media product and its 

dual character, barriers to entry on the media market (licensing, frequencies, cost), methods for 

evaluation of supply and demand – telemetrics, time budget studies, internet surveys etc. 

• Media in the postmodern economy: the role of information and communication processes, 

mass customization and individualisation of products and usage, time and space compression, 

virtualisation of supply and consumption, personalization of media products and services 

• Consumer as a communicator: lifestyle marketing, demonstration effect of the media in 

creation of consumption patters, advertising styles and media evolution, new forms of media 

consumption (zapping, Tivo …), media prosumers, production of signs and experiences, 

paradigm of mobility, eThings 

• New media technologies: „home media center“, teleputer vs compuvisor, ePaper, 

asynchronious media, media on-line and on demand, new standards in encoding and data 

compression, minaturization and versatility of data storage, updating and upgrading of 

hardware and software 

• Media and the information society: digital divide, new social stratification with respect to 

information, age of access, digitalisation and media convergence, supermedia „all-in-one“, 

eEurope and the EU competition with the United States 

• Role of public media: genesis, specificity and „public service“; evolution of public media, 

competition strategies, dual financing, new public management and public media, hypothesis 

on the treason of politicians 

• Expansion of commercial media: new broadcasting technologies, creation of new market 

segments, opening of global markets, intermedia and monomedia competition, competition 

with other leisure markets, rivalry and symbiosis with public media 

• Media commercialisation: arguments for and against, reconciling economic performance with 

quality of content and democracy, media independence in the global world, new arguments for 

media convergence 

• Concentration and globalisation of the media: new international market order, domination of 

oligopolies, media „Moguls“, strategic alliances and fusions, hardware-software marriages, 

investment in the Internet, digital television, 3G telephony, convergence of telecommunications 

and media, new information order, American hegemony 

• Media policy: regulation, deregulation and re-regulation of media markets, possibility of 

conducting media policy in the digital and convergent era, integrated models of regulation, 

competition policy, independence and reform of public media 

• Elements of European audiovisual policy: European media institutions, directive on television 

without frontiers and its modifications, debate on the sovereignty of the country of emission 

and the country of reception, consequences of Europe and rivalry with the US 

• Future of media markets: new segments, new consumers, new products, technologies and 

their distribution, new business models, new forms of payment, quality and multiplicity of 

broadcasting platforms, protection of intellectual property, future of traditional and public media 

64

About 

Instructor 


Full professor, Warsaw School of Economics, Director, Institute for International 

Studies at the Warsaw School of Economics and head of research unit on 

electronic media and communication 

Main interests: economic and social aspects of culture and recreation, time 

budgets, consumption patterns, lifestyles, media economics, communication 

technologies, intercultural dimensions of globalisation, cultural development, 

youth research 

Author of over ninety publications, over half of which were published in the UK, 

US, France, Canada and the Netherlands 

Associate editor of „Leisure Sciences” (USA, 1991-1995), „Leisure Studies” (UK, 

since 1995), „Managing Leisure - an International Journal” (UK, since 1995), 

managing editor of „World Leisure“ (since 1990) 

Guest lecturer at French, English, Dutch and American universities 

Participant and coordinator of many international research projects (TEMPUS, 

ACE, ESRC etc.) 

Course title: BUSINESS-GOVERNMENT RELATIONS IN THE EUROPEAN 

CONTEXT 



Instructor(s): Prof. Ryszard RAPACKI 




Prerequisite(s) Macro and Microeconomics 

Course abstract and 

objectives: 

The major focus of the course is on a better understanding of 

macroeconomic and social goals the government pursues in the 

economy as well as the tools it applies. A special emphasis has 

been placed on business implications of different government 

policies and actions. The course attempts to “translate” these 

problems to a language that would be easily understood by 

managers and business people. Simultaneously the course 

highlights the importance of cooperation and networking between 

government agencies and the private sector, and in particular the 

opportunities and threats this may create. The course objectives 

are the following: 

• To make the students understand main rationales for 

government intervention. 

• To get to know and assess possible forms of cooperation 

between business and government. 

• To analyze implications for business of different forms of 

government intervention. 

65


Teaching method: Lecture with interactive case-study analysis and discussions 

Grading method: Final exam 40%, class participation 30%, individual projects 30%. 

Exam format Written exam 

Aids allowed during exam: Calculators, if necessary 

Textbook required No single textbook; readings provided by instructor 

Recommended literature: • J. G. Gwartney and R. L. Stroup, Economics - Private and Public 

Choice. Dryden Press 1992. 

• J. E. Stiglitz, Economics of the Public Sector. Norton Co. 2000. 

• G. A. Steiner and J. F. Steiner, Business, Government, and 

Society: a Managerial Perspective. Irwin & McGraw-Hill, New 

York 2000. 

• D. Begg, S. Fischer and R. Dornbusch, Economics. 8th edition. 

McGraw-Hill 2005. 

Other references: • R. Rapacki, D. M. Kemme, Challenges to Fiscal Discipline in EU 

Accession Countries: case study of Poland. Paper presented 

at Allied Social Sciences Associations Annual Meeting, 

Washington, D.C., 3-5 January 2003. 

• R. Rapacki: Corporate Governance in Poland: the Impact of Mass 

Privatization. “OstEuropa-Wirtschaft“, 2000 no. 4. 


• Business-Government relations: an overview 

• Explicit and implicit forms of business-government cooperation 

• The economic rationale for government 

• The economic rationales for government 

• Taxes and public spending 

• Provision of public goods 

• Business implications of stabilization policy – closed economy 

• Business implications of stabilization policy – open economy 

• Industrial policy and competition policy 

• Government regulatiion 

• Externalities 

• Privatization in transition economies 

• Government failures 

• Peculiar features of business-government relations in transition economies. 

• The EU accession – macroeconomic and business implications and challenges. 

66


Course title: STRATEGY DEVELOPMENT IN PRACTICE 



Instructor(s): Prof. Piotr PŁOSZAJSKI 

Consultants of McKinsey & Company 






objectives: 

The course is aimed at acquainting students with practical 

application of strategy tools in business. Simultaneously, students 

will have the opportunity to develop problem solving, effective 

presentation, and team working skills. The course content also 

includes the seminar on mobile telecommunication applications in 

business in Poland. 

The course is an interactive simulation of the strategy building 

process for the new player on the mobile phone market in 

Poland (market entry strategy). The task for students, grouped 

in teams, will be to prepare project presentation for the Board of 

an imaginary mobile phone operator. During their work students 

will utilise knowledge acquainted so far during their studies and 

developed during the course. On top of that they will use course 

notes prepared by McKinsey & Company and other available 

sources of their choice. 

All presentations will be evaluated and students will get feedback 

on their performance. 

All classes will be conducted by senior consultants of 

McKinsey & Company and guest speakers from Polish mobile 

telecommunications companies. 

It is estimated that on top of contact hours students should spend 

at least 3hours for data gathering and analysis and another 3 hours 

for presentations’ preparation. 

Teaching method: Lectures, discussions, group work assignment (Four 6-hour 

sessions and three 2-hour feedback meetings with consultants) 

Grading method: Project presentations 

Exam format 3 project presentations 

Aids allowed during exam: 

Textbook required None – teaching materials will be distributed during the course 

Recommended literature: 


67



• Introduction to mobile phone market in Poland 

• Value analysis of mobile phone market and licensing and strategic options evaluation 

• Market entry strategy presentation: market segmentation, competitive positioning, key selling 

points (market preposition) for potential customers 

• Presentation of detailed market entry strategy and its financial feasibility 

Course title: EUROPEAN STRATEGIES AND INTERNATIONAL BUSINESS 



Instructor(s): Prof. Aleksander SULEJEWICZ 


hours: 

68 

30 

ECTS credits : 4.0 

Prerequisite(s): Basic strategic management or international business 



objectives: 

The Course offers students the opportunity to develop and apply 

concepts in international strategic management. The course provides 

a variety of situations drawn from the experience of European 

economies. It is situated at the crossroads of Strategic Management, 

International Management/Business and International and Cooperative 

Strategies courses in an area of European and trans-European 

management. 

The course exposes the relationship between business environments 

and strategy formulation, strategy formulation and functional 

implementation for multinational firms, multicultural aspects of 

business. A number of traditional and new strategic contexts are 

covered: entry into foreign markets, global competitive stance, 

inter-firm relationships and strategic partnerships, etc. Strategies at 

various levels of transnationalization: global, multinational, nascent 

internationalization in the context of both Western Europe and Eastern 

Europe provide room for discussion of firm policies. 

Almost every week, working alone or in groups, students will examine 

one case study on various subjects. A typical case in the course 

requires applying some analytical techniques taught at MBA courses 

(Strategic Management, Industry Analysis and Competitive Strategy, 

International Business) or areas not typically covered by core courses 

(Industrial Organization, Game Theory).


Objectives: 

• To develop an understanding of the transnational competitive 

circumstances and contextual differences. 

• To develop conceptual apparatus for the appraisal and formulation of 

international competitive and cooperative strategies. 

• To provide practice in the application of various tools of strategic 

thinking, analysis and communication. 

Teaching method: Lecture with discussion and case study analysis 

Grading method: Class participation / discussion (33%), mid-term assignment (33%), 

Final exam (34%) 

Exam format: Written: essay 


exam: 

None 

Textbook required Ch. A. Bartlett, S. Ghoshal, Transnational Management. Text, Cases and 

Readings in Cross-Border Management, 1st/2nd/3rd/4th ed. IRWIN, Burr 

Ridge, Illinois 1992-2004. 

A. Gupta, V. Govindarajan, Global Strategy and Organization, Wiley 

2004. 

Recommended 

literature: 

Y. Doz, J. Santos, P. Williamson, From Grobal to Metanational, HBS 2001 

J.P. Jeannet, Managing with a Global Mindset, Prentice Hall 2000. 

Other references: Articles, handouts, cases and papers distributed throughout the course 

Course topics: • Introduction To The Course: Inter-Multi-Trans-Global Challenge 

• Cross-Border Management: Motivations + Mentalities 

• Responding To Conflicting Demands: Environmental Challenge 

• Building Strategic Capabilities: The Competitive Challenge 

• The Competitive Challenge Cont’d 

• The Competitive Challenge Cont’d 

• Managing Across Boundaries: The Collaborative Challenge 

• The Collaborative Challenge Cont’d 



• Developing Coordination And Control: The Organizational Challenge 

• Managing Activities And Tasks: The Operational Challenge 

• Building Transnational Capabilities: The Management Challenge 

• Corporate, Industrial And National Strategies: The European 

Challenge 

• Summing Up: What Is And What Is Not European About 

Transnational Management? Trans-Cultural Management Or Meta- 

Management Culture? 

69



• Associate Professor, Dept. of Economics II, Warsaw School of Economics 

• Adjunct Professor of International Business Studies, Carlson School of Management 

• MA, 1972, Economics, Warsaw School of Economics 

• MPhil, 1974, Development Studies, University of Sussex 


• Habilitation, 1998, Economics, Warsaw School of Economics 


• industrial organization 

• industrial economics 

• strategic management 

• project appraisal 

• international business 

• organizational economics 

70

Course title ENTERPRISE VALUE BUILT GROWTH 



course: 

Elective 

Instructor(s): Grażyna LEŚNIAK-ŁEBKOWSKA, PhD 



30 

ECTS credits: 4.0 

Semester(s) 


Prerequisite: 


and objectives: 

Spring 


The major objective of the course is to highlight the various modes of growth 

of companies and to analyse in particular how growth is contributing to 

building value for shareholders, customers and other stakeholders. This is 

going to be reflected both from the point of view of theory and practice. Major 

research in this area will be presented to explain the ways and means to 

increase the value through growth of the company. 

Teaching method Lecture, case studies 

Grading method: Assessment of group projects (80%), Peer evaluation (20%) 

Exam format: None 

Aids allowed 

during exam: 

Textbook 

required: 

Recommended 

literature: 

N/A 

The set of materials distributed by lecturers 

• John D. Martin, J. William Petty “ Value Based Management. The Corporate 

Response to the Shareholder Revolution”, Harvard Business School Press, 

Boston, MA, 2000 

• Thomas L. Doorley III, John M. Donovan “Value – Creating Growth. How to 

Lift your Company to the Next Level of Performance”, Jossey-Bass Inc, San 

Francisco, CA, 1999 

• Mark Lipton “Guiding Growth. How Vision Keeps Companies on Course”, 

Harvard Business School Press, Boston, MA, 2003 

• Michael A. Mische “ Strategic Renewal. Becoming a High-Performance 

Organization”, Prentice Hall, Upper Saddle River, NJ, 2001 

• Tom Copeland, Tim Koller, Jack Murrin “ Valuation. Measuring and 

Managing the Value of Companies”, McKinsey&Company, Inc. 2nd ed. 1995 

• Randolph A. Pohlman&Gareth S. Gardiner, with Ellen M. Heffes “ Value 

Driven Management. How to Create and Maximize Value over Time for 

Organizational Success”, AMACOM, NY,2000 

71


72 

• Mehrdad Baghai, Stephen Coley, David White “ The Alchemy of Growth. 

Kickstarting and Sustaining Growth in Your Company”, McKinsey&Co, 

Inc.,Orion Business Books, US, 1999 

• James C. Collins, Jerry I. Porras “Built to Last. Successful Habits of Visionary 

Companies”, HarperBusiness, 1997 

• Andrew Black, Philip Wright, John E. Bachman “ In Search of Shareholder 

Value. Managing the Drivers of Performance”, Price Waterhouse, Pitman 

Publ., GB, 1998 

• Alfred Rappaport “Creating Shareholder Value. A Guide for Managers and 

Investors”, Free Press, NY, 1998 

• Gordon Donaldson “Corporate Restructuring. Managing the Change Process 

from Within”, HBS, Boston MA, 1994 

Other references Articles, case studies, A.T. Kearney resources 

Course topics 

• Value Building Growth companies – examples, case studies 

• Value Destroying Growth companies – examples, case studies 

• Corporate governance and its impact on value creating growth. Corporate social responsibility 

and sustainable development imperatives 

• Reporting to shareholders and society. 

• Value for customers, value migration and the need for restructuring. 

• Strategic renewal process 

• Corporate purpose and shareholder value approach. 

• Formulating and valuing strategies. Major growth levers: products, pricing, distribution, loyalty/ 

satisfaction systems (case studies) 

• Performance evaluation and motivation systems, including executives’ compensation 

• Visionary companies and their cultures. Role of innovation. 

• Vision and sustained growth. Making vision work 

• Understanding growth foundations, overcoming inertia, building momentum and sustaining 

growth 

• Value drivers and the concept of Value Based Management (VBM) 

• Value Based Management in practice. 

• Lessons learned from early adopters. 

About instructors: 

Grażyna Leśniak- Łebkowska 

Director of the Warsaw Executive Master of Business Administration (WEMBA) program of 

University of Minnesota and Warsaw School of Economics, top ranking in Poland, 

Assistant Professor, Department of Strategic Management at SGH


Course title COMPARATIVE ANALYSIS OF CORPORATE GOVERNANCE 



Instructor(s) Maria ALUCHNA, PhD 

Number of contact hours 30 


Semester(s) offered Spring 

Prerequisite General Management course 

Course abstract and 

objectives 

The course aims to identify main control mechanisms in developed 

as well as in transition economies. Using ample empirical evidence 

the course analyses existing systems of corporate governance 

focusing on their strength and weaknesses and discussing currently 

implemented changes and reforms. 

Teaching method Lecture, discussion, case studies 

Grading method Participation 20%, Written assignment 70%, Attendance 10% 

Exam format Written assignment 

Aids allowed during exam All available 

Textbook required Handouts 

Recommended literature The recommended literature is given during every class. Below 

some examples of literature are presented: 

• Jensen M., Meckling W. (1976). “Theory of the firm: Managerial 

behavior, agency costs and ownership structure”, Journal of 

Financial Economics, V. 3, No. 4, 305-360. 

• La Porta R., Lopez-de-Silanes F., Shleifer A. (1998). “Corporate 

ownership around the world”, Working Paper Series, National 

Bureau of Economic Research, working paper 6625. 

• MacAvoy P.W., Millstein I. (2003). The recurrent crisis of corporate 

governance, Palgrave Macmillan. 

• Mallin C. (2004). Corporate governance, Oxford University Press. 

• Monks R., Minow G. (2004). Corporate governance, Blackwell. 

• OECD (2004). Corporate Governance Principles, www.oecd.com 

• Shleifer A., Vishny R. (1997). “A survey of Corporate 

Governance”, Journal of Finance, Vol. 52, 737-783. 

• Zingales L. (1997). Corporate governance, National Bureau of 

Economic Research, Chicago. 

73


Other references: • Allen F., Gale D. (2000). Comparing Financial Systems, MIT Press 

74 

• Carlsson R. (2001). Ownership and Value Creation, John Wiley & 

Sons. 

• Carter C.B., Lorsch J.W. (2004). Back to the drawing board, 

Harvard Business School Press. 

• Hall P., Soskice D. (2001). Varieties of Capitalism, Oxford. 

• Hart O. (1989). “An Economist’s Perspective on the Theory of the 

Firm”, Columbia Law Review, November, 1757-1774. 

• Joo T. (eds.) Corporate Governance. Law, theory and policy, 

Carolina Academic Press. 

• Murray A. (2007). Revolt in the boardroom. The new rules of 

power in corporate America, Collins. 

• Wallace P., Zinkin J. (2005). Mastering business in Asia. Corporate 

governance, John Willey & Sons. 

• Wearing R. (2005). Cases in corporate governance, SAGE 

Publications. 


• Theoretical framework (agency theory, transaction costs theory, property rights theory, 

stakeholder theory, industrial relations approach, institutional theory) 

• Analysis of governance mechanisms 

• Institutional framework for corporate governance systems (law, financial systems, government 

involvement) 

• Comparative analysis of governance mechanisms (US, UK, Japan, Germany, France, Sweden) 

• Corporate governance in transition economies (Poland, the Czech Republic, Hungary, Russia) 


• Assistant Professor at Warsaw School of Economics (since 1998; PhD title since 2004) 

• Associate at Polish-Japanese Management Center 

• Fulbright Junior visiting scholar at Columbia University 

• DAAD grantee at Universität Passau 

• Author of several studies and articles in Polish and English on various aspects of corporate 

governance

Course title: EU ECONOMIC POLICIES 




Instructor(s): Prof. Elżbieta KAWECKA-WYRZYKOWSKA 



Prerequisite(s): None 



objectives: 

Objectives: 

The course offers students the opportunity to understand the 

logic of functioning of EU economic policies, their interrelations 

and effects on intra- and extra-partners, in particular on Poland. 

Also, the course highlights the ways and means of implementing 

national interests in the EU as well as likely future developments of 

integrated areas of EU activities. 

Abstract: 

Concept of EU common and harmonised versus national economic 

policies. EU policies: budgetary, agricultural, commercial, cohesion 

and monetary policies. Instruments of those policies and their 

implications for EU Member States and for co-operation on the 

internal market. 

Teaching method: Lectures, home assignments and their discussion (problems to 

be solved), students presentations, life cases (based on European 

Court of Justice rulings), guest lectures 

Grading method: Final written exam 65%, home assignments 15%, presentations 

15%, participation in class discussions 5%. 

Exam format Written exam, multiple-choice test and reply to two out of three 

descriptive questions 

Aids allowed during exam: Dictionary 

Background materials N. Moussis, Access to European Union. Institutions and Policies. 

EDIT-EUR, 2009. 

Recommended literature: The European Union: Economics and Policies, ed. by Ali M. El- 

Agraa, 2007, Cambridge : Cambridge University Press. 

Other references: www.europa.eu 

75


Course topics: • Concept of the EU Common and Harmonised versus National 

Policies. EU Decision making process (4h) 

• EU Budgetary Policy (4h) 

• Common Commercial Policy (4h) 

• Common Agricultural Policy (4h) 

• Cohesion and Regional Policies (4h) 

• Common Monetary Policy and Coordination of macroeconomic 

policy (4h) 

• Policies ensuring functioning of the internal market (4h) 


• Full professor, Head of the Jean Monnet Chair of European Integration at the Warsaw School of 

Economics, Jean Monnet Professor ad Personam. 

• Visiting fellow at the universities in USA (1983 and 1997), in Italy (1988), Japan (1990). 

• Author of numerous articles and books on Poland’s integration into the European Union and 

on World Trade Organization. Consultant of the European Commission for Europe and of 

OECD. Co-ordinator and participant of several international research projects. 

• Since autumn 2008 Vice Rector of SGH (for International Co-operation) for the term 2008-2012. 

76


Course title: MICROECONOMICS OF COMPETITIVENESS 

(licensed by the Harvard Business School) 



Instructor(s): Prof. Marzenna WERESA, PhD, 

Dominika MIROŃSKA, PhD. 






objectives: 

This course is to help students develop an understanding of the 

determinants of national and regional competitiveness building 

from the perspective of firms, clusters, subnational units, nations, 

and groups of neighboring countries. 

Teaching method: Case-study analysis (Harvard Business School cases) 

Grading method: • In-class activities 30% 

• Mid-term exam 40% (multiple choice & open questions) 

• Group project 30% 

Exam format No formal exam. 

Aids allowed during exam: 

Background materials M.Porter, On Competition, Harvard Business School Press, Boston 

MA 1998. 

HBSCase studies provided before each class 

Recommended literature: 



• Competitiveness: Overall Framework 

• Competing Across Locations & Global Strategy for MNCs 

• The Diamond Model: Advanced Economies 

• The Diamond Model: Developing/Transition Countries 

• Clusters and Cluster Development: Advanced Economies 

• Clusters in Developing Countries 

• Internationalization of Firms Based in Developing Countries 

• Institutions for Collaboration 

• Economic Strategy: Advanced Economies & Developing Countries 

• Economic Strategy: States and Sub-National Regions 

77


• Economic Strategy: Cross-National Regions 

• Economic Integration: Meeting the Competitiveness Challenge 

• Attracting Foreign Investment 

• The Corporate Role in Economic Development 

• The Process of Economic Development/Course summary 

Course title: ORGANISATIONAL BEHAVIOUR – MANAGEMENT SKILLS 



Instructor(s): Prof. Jacek MIROŃSKI, PhD 


hours: 

78 

30 





objectives: 

A basic premise of this course is that the needs of future members of 

organizations and their managers are best served by liberal education 

rather than cook book approaches. 

An effective education should teach how to make good inferences about 

what will work and what will not in particular situations, and how to learn 

from your own experiences and those of others. The best way to do this 

is through exposure to both rigorous research and real-world cases. 

That is how this course is structured. 

Teaching method: Case studies, written assignments, presentations, exercises, guest 

speakers 

Grading method: Grades will be based on four individual case write-ups (20 points), class 

contribution and participation (10 points), and the final questions (20 

points). 

Four case write-ups (5 points each): Case write-ups must be written 

for all 4 assigned cases. Each write-up is due at the beginning of the 

class when the case is to be discussed. The paper should be limited to 

one page. You will be evaluated on your ability to diagnose the main 

problem or set of problems in the case, to recommend decision to be 

made and justify it, based on your knowledge of organizational behavior 

concepts. Class contribution and participation (10 points): Your class 

contribution and participation grade is in favor of quality over quantity. 

Final questions (20 points): During the last class you will be given final 

questions covering in a synthetic way main topics from the course. The 

questions must be answered in writing during the class.


BONUS for being prepared and being on time: At the very beginning of 

and during each class (excluding the first and the last one) you will get 

a chance to win some extra points on top of what you can receive from 

case write-ups, class contribution and participation and final questions. 

There will be multiple choice question tests concerning the material from 

assigned readings. You can get the best grade without taking any single 

test, but remember, you can’t possibly loose taking it, you can only win. 

Exam format Written, closed-book, open-ended questions 


exam: 

None 

Background materials Steven L. McShane, Mary A. Von Glinow, “Organizational Behavior”, 

McGraw Hill 2009. 


• Individual Behavior, Values and Personality; Perception and Learning 

Workplace Emotions and Attitudes, and Stress; Motivation 

• Decision Making and Creativity; Team Dynamics 

• Communication; Power and Influence 

• Conflict Management; Leadership 

• Organizational Culture; Organizational Change 

• Summary and Conclusion. 

Prof. Jacek Miroński – Head of Business Communication Department in the International 

Management and Marketing Institute at Warsaw School of Economics (SGH) in Warsaw (Poland). 

Academic Director of CEMS Program at SGH. Head of the Postgraduate Study Program in Public 

Relations at SGH. He graduated from the Foreign Trade Department at SGH, where he wrote and 

defended his Master Thesis (“Polish Copy Rights and the Bern Convention”). He defended his Ph.D. 

Thesis (“Mass Media Marketing Through Magazines”) and his post-doctoral thesis (habilitation) 

(“Theory of the firm based on power – an outline”) at SGH. Currently his research and teaching 

interest focuses on Organizational Behavior and Management, Business Communication and 

Intercultural Management. Jacek Miroński teaches at graduate, postgraduate and executive 

levels (e.g. Polish-Canadian CEMBA and Polish-American WEMBA Executive MBA Programs). 

He conducted many training and consulting projects for Polish and foreign companies (eg. 

Canal Plus, PZU, Bosch, Samsung). He has also a professional experience. He was employed by 

Procter&Gamble Polska and worked as a Director of the Promotion Department in the radio station 

– Radio Zet. Jacek Miroński received the Fulbright Scholarship at the Columbia University in New 

York (USA). He also spent one year at the Hosei University in Tokyo (Japan) sponsored by the 

Japan Foundation Scholarship. He visited universities in Canada, Sweden and Harvard Business 

School in Boston (USA). Jacek Miroński is an author of many papers, articles, textbook and books 

(e.g. “Power and politics in company”) 

79


Course title: CLIMATE CHANGE POLICY AND MODEL UNFCCC 


Type of CEMS course Exclusive 

Instructor(s): Maciej CYGLER, PhD 






objectives: 

80 

The Climate Change Policy course, incl. model UNFCCC form an 

innovative educational approach to new global challenge. Students 

are introduced to CC science and policy. UNFCCC negotiation 

process is a key platform for the course. The course combines two 

formats: weekly classes and block seminar. Students attend 8-week 

series of 4-hour classes (introducing to CC and climate policy, 

shaping CC – the role of business and negotiation, preparation to 

model UNFCC). Then students participate in 2-day blocked seminar, 

structured as a negotiation simulation. 

The main goal is to broaden students’ understanding of climate 

change, climate policy, and their impacts on the future of business. 

Students are given a deeper understanding of the background 

and consequences of climate change for business, and for 

corporate responses to it. Special emphasis is laid on international 

and national regulatory frameworks, and on emerging resource 

challenges and market opportunities. 

Teaching method: Lectures, simulations (case-study), block seminar, discussions 

Grading method: Test exam (30%), Group Presentation (15%), Negotiations’ 

preparation (20%), Class Participation (20%), individual essay (15%) 

Exam format Test 

Aids allowed during exam: None 

Background materials D. Helm (Ed.), Climate change policy, Oxford University Press, 2005. 

Handouts delivered by the instructor. 

Recommended literature: The Economics of Climate Change. The Stern Review. Cambridge 

University Press, 2006



• Fundamentals of climate change. The science and consequences. 

• Climate policy and the UNFCCC. 

• Description of the Kyoto Protocol and its flexible mechanisms. 

• Options for climate change mitigation and adaptation. 

• The role of business in global climate policy. 

• International environmental conflicts. 

• Skill training: negotiation within UNFCCC. 

• Students presentations – preparation to negotiation simulation. 

• Final preparation – feedback and confidential instructions. 

• Block seminar – Model UNFCCC (interactive session, conducted in Barcelona, Spain) 

Note 

More outlines will be available on-line at CIPD and CEMS at SGH websites! 

All outlines of SGH regular courses can be found at: https://dziekanat.sgh.waw.pl/ 

Unfortunatelly, still part of the description is in Polish. 

81


SGH Study Programmes 

in Polish Language 

Bachelor’s Studies 

SGH Bachelor’s Studies 

CORE COURSES (for all majors) 

Code Course Title ECTS 

110610 International Economics 4.5 

110620 

110570 

82 

Philosophy or 

Sociology 

110630 Basic Finance 3 

110430 

110440 

110450 

110520 

Economic Geography or 

Economic History 

European Integration or 

Political Science 

110460 Macroeconomics I 6 

110470 Macroeconomics II 4.5 

110490 Mathematics 8 

110080 Microeconomics I 6 

110090 Microeconomics II 5 

110540 Basic Law 4 

110550 Economic and Social Policy 4 

110560 Accounting 4 

110580 Statistics 7 

110530 Introduction to Management Information Systems 3 

110640 

110590 

110480 

Management: 110590 (lecture) + 110600 (tutorials) or 

Management: 110590 (lecture) + 

Marketing 

74 

3 

3 

3 

6


Major: ECONOMICS 



Core major courses 42 

121000 Algebra 6 

121010 Mathematical Analysis 6 

121060 Econometrics 6 

121070 Behavioural Economics 3 

121080 Thrid Sector Economics 3 

121090 Health Economics 3 

120210 Public Finance 3 

120830 Regional and Local Economy 3 

121200 Methodology of Economics 3 

121310 Economic Sociology 3 

121430 Introduction to Game Theory 3 

Elective Courses (min. 15 ECTS) 32 

132050 Business Cycle Barometer 3 

120910 Demography 3 

132270 Statistical Methods I 3 

131540 Enterprise Valuation Methods 3 

120860 International Competitivenes of the Economy 3 

120360 Business Administration 3 

131430 Investment Projects’ Evaluation 3 

132360 Basic Cost Accounting 3 

Foreign Language Tutorials 

• Foreign Language 1 (10 ECTS) 


Physical Education 2 

Bachelor’s Seminar 10 

TOTAL ECTS 180 

20 

83



Major: EUROPEAN STUDIES 


84 


120100 Social Anthropology 3 

110620 

110570 

Philosophy or 

Sociology 

121110 EU Structural Funds 3 

110430 

110440 



120230 Social History of Europe 3 

120260 EU Institutions and Decision-Making Processes 3 

110450 

110520 



121150 EU Common Market 3 

121220 International Political Relations 3 

121250 Social Policy 3 

121340 EU Legal System 3 

121370 EU Common Policies I 3 

121380 EU Common Policies II 3 

121390 Managing EU Projects 3 


130130 EU Budget 3 

132140 European Media: Legal, Economic and Socio-Political Aspects 6 

132170 Forms of Democracy in European Societies – Comparative Analysis 3 

131610 International Communication and Lobbying 3 

120860 International Competitiveness of the Economy 3 

132350 Mass Media Influence 3 

132600 EU Environmental Policy 3 

130690 Ethno-Political Problems in Contemporary Europe 3 

132450 EU Energy Market Regulations 3 

130850 Sociology of Communication 3 

130890 Quality and Safety Assurance of EU Products 3 

132510 Free Flow of EU Capital and Current Payments 3 

3 

3 

3









Major: FINANCE AND ACCOUNTING 



121410 Financial Analysis 4.5 

121030 Banking 4.5 


120180 International Finance 3 

120200 Corporate (Business) Finance 4.5 


121190 Mathematics in Finance 3 

120560 Financial Accounting 4.5 

121290 Financial Markets 4.5 

121260 Insurance 4.5 


132020 Retail Banking 3 

132030 Investment Banking 3 

132040 Coporate Banking 6 

130220 European Banking System 3 

132150 Behavioural Finance 3 

132160 Financing of Regional and Local Development 3 

222240 Currency Integration 3 

132200 Institutional Investors on Financial Markets 3 

20 

85


131520 High Risk Capitals 3 

132220 National Financial Reporting Standards (Principles) 3 

132230 Financial Accounting Lab 3 

131540 Companies Valuation Methods 3 

222340 International Financial Markets 3 

131430 Investment Projects Evaluation 3 

131360 Taxes in the EU 3 

130540 Taxes in Accounting 3 

131530 Fiscal and Non-Fiscal Burden on Companies 3 

130660 Tax Law 3 

132360 Basic Cost Accounting 3 

132400 Banking Law 3 

130670 Insurance Law 3 

130700 Insurance Products 3 

130780 Tax Reporting of Companies 3 

132470 Capital Groups Financial Statements 3 

130240 Financing Strategies of Public Investments 3 

132500 Tax System in Poland 3 

131060 Economic Insurance 3 

131100 Financial Services 3 

131200 Cashflow Management in the Company 3 

132570 Management of Insurance Company 3 

86 







20


Major: INTERNATIONAL ECONOMICS 






120190 Corporate Finance 3 

120890 The World Economy 1.5 

110450 

110520 



121150 Single European Market 3 

120920 International Marketing 3 


120930 International Business Transactions 4.5 

120370 International Organisations 3 

120470 International Private Law 3 

120880 International Settlements and Clearing 3 

121400 International Business 3 


130130 EU Budget 3 

132071 Business in Central and Eastern Europe 3 

132110 Business Ethics 1.5 

132131 European Economics 3 

132210 IT in Business Strategy 1.5 

222300 Territorial Marketing 3 

131710 Polish Companies on Internal EU Market 3 

132420 EU Marketing Law 3 

132680 International Accounting 3 

132521 Transition Economics 3 

222271 Transnational Corporations 3 

121370 EU Common Policies I 3 

121380 EU Common Policies II 3 

3 

87


88 








Major: INTERNATIONAL RELATIONS 



120910 Demography 3 

121050 Political Doctrines 3 

110620 

110570 

110430 

110440 

Philosophy or 

Sociology 



120240 History of International Relations 3 

110450 

110520 



121210 International Cultural Relations 3 

121440 International Political Relations 6 


120420 Polish Foreign Policy 3 

120480 International Public Law 3 

121140 Poland’s Relations with Selected Countries/Regions 3 

120650 Contemporary Political Systems 3 


132060 Security and Cooperation in Europe 3 

130300 Diplomacy in the 20th Century 3 

132630 Ethics and Institutions in Global Economy 3 

132100 Institutionalisation of International Relations 3 

20 

3 

3 

3


130310 Internationalisation of Companies 3 

131610 International Communication and Lobbying 3 


132290 International Demographic Problems 3 

130520 Organisation and Technique of Diplomatic Service 3 

132410 Diplomatic and Consular Law 3 

130650 Business Law of Selected Countries of the Commonwealth of Independent 

States 

130720 Diplomatic Protocol 3 

131630 System Transformation in Central and Eastern Europe 3 

132530 Eastern Europe and the EU 3 









Major: MANAGEMENT 



120030 Economic and Financial Analysis 3 

120110 Marketing Research 3 

121020 Operations Research 6 

121040 Business Plan 3 

120190 Corporate (Business) Finance 3 

110480 

110600 

Marketing or 

Management 

120360 Organisation Theory 3 

3 

20 

3 

89


120550 Financial Accounting and Reporting 3 

120590 Competitive Strategies 3 

120670 Organisational Behaviour 3 

120680 Quality Management 3 

120690 Marketing Management 3 

120700 Project Management 3 

120710 Human Resource Management 3 

90 


130320 Tangible Investments and Methods of their Financing 3 

130330 Marketing Communication 3 


130400 Services Marketing 3 

132280 International Aspects of Middleman Activity 3 

130530 Total Quality Management in the Company 3 

130550 Foundations of Construction 1.5 

132390 The Role of Agent in Real Estate Trading 4.5 

131660 Real Estate Market 3 

130890 Quality and Safety Standards of Goods in the EU 3 

130930 Pricing and Distribution Strategies 3 

130940 Product and Brand Management Strategies 3 

131140 Real Estate Valuation 3 

131160 Service Quality Management 3 

131170 Product Quality Management 3 

131210 Risk Management in Integrated Management Systems 3 







20



Major: QUANTITATIVE METHODS IN ECONOMICS AND INFORMATION SYSTEMS 





120910 

120150 

Demography or 

Mathematical Economics 

120140 Deterministic Models of Operations Research 3 


120250 Business Informatics I 3 

120270 

120520 

120290 

121420 

Financial and Insurance Mathematics or 

Information Systems Design I 

Econometric Methods or 

Information Systems Design II 

121270 Research Design and Statistical Analysis Methods I 6 

121280 Probability Calculus 3 


132010 Time-Series Analysis and Forecasting 6 

222040 Financial Econometrics I 3 

222050 Applied Econometrics 3 

130410 Mathematical Models of Risk and their Application 3 

131810 Decision Analysis Methods 3 

131890 Optimisation Methods 3 

130450 Econometric Modelling in Microeconomics 3 

131840 Basics of Systems’ Theory 3 

130710 Computer Programming 6 

132460 Decision Rules I 6 

130840 Computer Networks 3 

132490 Simulations with Spreadsheets 3 

130990 Database Systems I 3 

131000 Operations Systems 3 

131010 Econometrics Theory 3 

131040 Social Choice Theory and its Appications 3 

3 

3 

3 

91


121430 Introduction to Game Theory 3 

92 








Major: SOCIAL POLICY 



120010 Public Administration 3 

120130 Socio-Economic Demography 3 


121160 Interpersonal Communication 3 

121170 Consumer in Market Economy 3 

121180 Local Social Policy 3 

120300 Methods and Techniques of Social Research 3 

110520 

110440 

110450 

Political Science or 

Economic History or 

European Integration 


120490 Labour Law 3 

120580 Social Services and Social Work 3 

110570 

110620 

Sociology or 

Philosophy 

121350 Pension Systems 3 

120660 Social Security 3 


120030 Economic and Financial Analysis 3 

130170 Local Democracy 3 

132090 e-Marketing 3 

132120 Euroconsumer 3 

20 

3 

3


131340 Locla Government Finance 3 

132640 Logics 1.5 

132240 Location of Business Activity 3 

130380 Local Labour Markets 3 

110480 Marketing 3 

132330 Consumer Protection and Education 3 

131290 Settlement Policy 3 

222640 Local and Regional Development Strategies 3 

132250 Life Insurance 3 

131830 Nursing Insurance 3 

131090 Household Insurance 3 

131080 Health Insurance 3 

131220 Social Services Management 3 








Major: SPATIAL ECONOMICS POLICY 



121100 Cities and Regions Economics 3 

110620 

110570 

110430 

110440 

Philosophy or 

Sociology 



121120 Real Estate Management 3 

120830 Regional and Local Economy 3 

121130 History of Urbanisation 1.5 

20 

3 

3 

93


110450 

110520 

121230 

121360 

94 



Social Participation and Negotiation or 

Entrepreneurship Skills Workshop 

120740 Technical Infrastructure Planning 3 

121240 Spatial Planning with GIS 4.5 

120800 Theoretical Foundations of Spatial Economics Planning 3 

121300 Technical and Planning Drawing with Urban Planning 4.5 

121320 Socio-Cultural, Natural and Legal Aspects of Spatial Economics Policy 3 

121330 Financing Strategies of Local Governement Units 1.5 


132000 Analysis and Evaluation of Local Government Investment Projects 6 

120130 Socio-Economic Demography 3 

132080 Economic and Financial Framework of Spatial Planning 6 

132180 Council (Municipal) and Housing Economy 3 

132240 Location of Business Activity 3 

132670 Regional Analyses’ Methods and Techniques 3 

131290 Settlement Policy 3 

131270 Location of Companies 3 

131280 Methods and Techniques of Regional Analyses 3 


132660 EU Structural Policy 3 

132430 Entrepreneurship in Public Sector 3 

132480 Sustainable Development Strategies 3 


Foreign Language 1 (10 ECTS) 





3 

3 

20

Master’s Studies 

SGH Master’s Studies 

CORE COURSES 

For all majors 


Code Course title ECTS 

210100 History of Economic Thought 4.5 

210110 Business Law 4.5 


Major: ADMINISTRATION 


Core major courses 49.5 

222080 Institutional Economics 4.5 

222090 Managerial Economics 4.5 

222130 Public Sector Economics 4.5 

222770 Economic Analysis of Constitutional and Administrative Law 3 

222190 Financial Instruments of Regulations in the Economy 3 


222220 History of System and Administration Doctrines 3 

220310 International Environmental Protection 3 

220950 Social Policy and Social Security System 3 

220960 Judicial-Administrative Proceedings 3 

221170 EU Business Law 3 

222470 Commercial Law 3 

220990 Public Competition Law 3 

221000 Sociology of Organisation 3 

220250 Human Capital Management 3 


232070 Public Administration as Regulator 3 

232560 Financing of Development from EU Funds 3 

9 

95


232240 Modern Local Government Administration 3 

234320 Legal Foundations for Investment and Construction Process 3 

232160 Tax Proceedings 3 

233580 Customs Law 3 

233590 Penal Revenue Law 

232170 Real Estate (Property) Law 3 

130660 Tax Law 3 

233670 Privatisation of Public Activities 3 

233680 Preparation of EU Financed Projects 3 

231140 Tax Accounting 3 

234330 Capital Market 3 

233770 Local Government and the Economy 3 

233780 Local Government in Foreign Countries 3 

234070 Management and Financing of Municipal and Housing Economy 3 

232230 Social Services Management in Local Government 3 


Major: ECONOMICS 

96 

Foreign Language Tutorial 10.5 

Master’s Seminar and Thesis 20 




222050 Applied Econometrics 3 

222070 Retirement Economics 3 


120150 Mathematical Economics and Dynamic Optimisation 6 

222100 Advanced International Economics 4.5 

222110 Labour Economics 4.5 

222120 Development Economics 4.5



222290 Advanced Macroeconomics 6 

221480 

222320 

Statistical Methods II or 

Introduction to Probability Calculus and Stochastic Processes 

222370 Advanced Microeconomics 6 

222410 Economic Policy 3 


233020 Mathematical Analysis II 3 

233190 Welfare Economics 3 

230250 Sector Economics 3 

233200 Political Economics 3 

233210 Economic Theory of Change 3 

232000 International Strategies of Companies’ Cooperation 3 

233460 Models of General Balance (Equilibrum) 3 

222380 Business-Government Relations 3 

220380 Monetary Policy 3 

220590 Social Statistics 3 

233910 Capital Structure in a Company 3 

231560 Tax Theory 3 

231570 Growth Theory 3 




3 

97



Major: EUROPEAN STUDIES 


98 


220010 Public Administration in the EU 3 

222650 European Civilisation 6 


222120 Development Economics 4.5 

222140 Environmental Economics 4.5 

222170 Eurobusiness 3 

222180 EU Finance 6 

221340 Globalisation and Regionalisation in International Relations 3 

222360 Migration vs. Cultural Identities in Europe 3 

222450 Poland in the EU 3 

221170 EU Business Law 3 

222590 Common Foreign Foreign, Security, Internal and Justice Policies of the EU 3 

220690 European Union and International Relations 3 


233090 Determinants of the EU Decision Making Mechanisms 6 

233220 Media Economics 3 

232540 Europe vs. Islam World 3 

230310 European Media and Audiovisual Regulations 3 

230480 Inter-Cultural Communication 3 

233380 

233390 

Lobbying in the EU or 

EU Financial Institutions 

232530 Legal Aspects of Media Activity 3 

233630 EU Food Law 3 

231350 Labour Relations in the EU 3 

233930 EU Legal Protection System 3 

233940 Political Systems of European Countries 3 

234670 EU as a Subject in the International Relations 3 

231950 Media Management 3 

234210 Social and Demographic Changes vs. European Integration Process 3 

3






Major: FINANCE AND ACCOUNTING 







222160 Business Ethics 3 

222250 Financial Engineering 3 

220380 Monetary Policy 3 

220430 Investment Portfolio 4.5 

222460 Financial and Tax Law 4.5 

222490 Cost Accounting 3 

220530 Managerial Accounting 3 

220740 Advanced Financial Accounting 4.5 

220750 Bank Management 4.5 


230060 Technical and Fundamental Analyses 3 

230080 Auditing of Financial Reports 3 

233060 Local Government Budget 3 

232650 Mergers and Acquisitions 3 

234720 Financial Sector Institutions 3 

233350 Financial Crises and Financial Stability 3 

233370 Managerial Accounting Workshops (Lab) 3 

221330 International Financial Management 3 

99


233450 International Financial Reporting Standards 3 

233490 Tax Optimisation 3 

230910 Public Budget Policy 3 


231120 Bank Effectiveness Measurement 3 

234630 Accounting in Public Sector Companies 3 

231150 Bank Accounting 3 

231160 Insurance Company Accounting 3 

231170 Reinsurance 3 

233710 Regulations and Supervision of Financial Markets 3 

231230 Derivatives Market 3 

233760 Risk in the Insurance Company 3 

231340 Statistics in Insurance 3 

233910 Capital Structure in a Company 3 

232580 Exchange Rate Theory and Policy 3 

233970 Theory of Risk 3 

234660 Introduction to Mathematical Analysis and Probablility Calculus 3 

233990 Value Added Tax in Business Activity 3 

234040 Advanced Investment Banking 6 

234100 Bank Loan Portfolio Management 3 

234140 Financial Risk Management in a Company 3 

234150 Market and Operations Risk Management 3 

100 



TOTAL ECTS 120


Major: INTERNATIONAL ECONOMICS 




221420 Applied Econometrics I 3 




222120 Economics of Development 4.5 



221340 Globalisation and Regionalisation in International Relations 3 

222240 Currency Integration 3 

221370 Cultural Aspects of International Business 3 

221320 International Logistics 3 

221330 International Corporate Financial Management 3 


222380 Business-Government Relations 3 

120480 International Public Law 3 


233010 Business Cycle Analysis and Foreign Markets’ Research 3 

232121 Competitiveness of Regions 3 

233240 Euromarketing 1.5 

232650 Mergers and Acquisitions 3 

220891 Innovation in Regional and Local Economy 3 

234081 Innovation Management in an Enterprise 3 

220890 Innovation in Regional and Local Economy 3 

232120 Competitiveness of Regions 3 

233431 Microeconomics of Competitiveness 3 

233430 Microeconomics of Competitiveness 3 

232461 National Innovation Systems in the World Economy 3 

230790 New Technologies in Marketing 3 

222451 Poland in the European Union 3 

101


222450 Poland in the European Union 3 

233860 EU Economic Relations with Less Developed Countries 3 

231420 Competitive and Development Strategies of Polish Companies on EU Market 3 

233900 Entry Strategies of Polish Companies into Eastern Markets 1.5 

233950 WTO vs. The EU 3 

232460 National Innovation Systems in the World Economy 3 

234670 EU as a Subject in International Relations 3 

234080 Innovation Management in an Enterprise 3 

222660 EU External Economic Relations 3 

102 





Major: INTERNATIONAL RELATIONS 



220060 International Security 3 






222330 International Protection of Human Rights 3 

220310 International Environmental Protection 3 

221410 International Social Policy 3 


222350 International Business Transactions 3 

220420 Comparision of Economic Systems 3 

221170 EU Business Law 3


220490 International Forecasting and Simulations 3 

220660 Theory of International Relations 3 

Elective Courses (min. 15 ECTS) 29.5 


234600 Economic Geography of the Commonwealth of Independent States 3 

234580 Economy and Politics of Middle East Countries 3 

234540 Economy and Politics of the USA and Canada 3 

234590 History and Culture of Asia Pacific Region 3 

233320 Business Cycle and Foreign Markets Analysis 3 

234550 Latin America and Carribean Region Countires in Intgernational Economy and 

Politics 



230680 International Financial Organisations 3 

230730 Models of Economic and Political Integration 3 

234300 Negotiations 3 

234570 International Relations in the Middle East 3 

234560 International Relations in he Western Hemisphere 3 

233870 Lisbon Strategy 1.5 

232580 Exchange Rate Theory and Policy 3 

234610 Systemic Transition in Russia 3 

222590 Common Foreign, Security, Justice and International Affairs Policies 3 

221290 Contemporary Tourism Market 3 

230180 Hotel Management 1.5 




3 

103



Major: MANAGEMENT 


104 





222160 Ethics in Business 3 


220440 Consumer Behaviour 3 

222570 Entrepreneurship 3 

222810 Managerial and Cost Accounting 3 

222600 Human Capital Management 3 

220770 Logistics Management 3 

221470 Operations Management 3 

222610 Process Management 3 

222620 Strategic Management 3 

220820 Value Based Management 3 



232600 International Strategy Analysis of the Company 3 

233070 Business Intelligence 3 

233150 Effective IT Management in the Company 3 

230300 European Transport System 3 

230460 Project Team Management 3 

233340 Cross-cultural Contacts in Tourism 3 

230510 Distribution Logistics 3 


230540 Institutional Marketing 3 

230570 Transport Services Marketing 3 

233440 International Hotel Management 3 

230710 International Transport Markets 3 

234300 Negotiations 3


230790 New Technologies in Marketing 3 

230800 Modern Distribution Systems in Industry and Trade 3 

230820 Project-Based Organisation 3 

232770 Public-Private Partnership 1.5 

233510 Real Estate Business Plan 3 

230880 Basic Information Systems in Marketing 3 

234310 Basic Project Management 3 

233540 Dividend Policy 3 

120490 Labour Law 3 

231090 Employee Motivation Process 3 

222500 Touristic Regions 6 

233730 Inverstors’ Relations and Value Reporting 3 

231210 Company Restructuring 3 

231380 HR Strategy in the Company 3 

230900 Strategic Project Management 3 

233890 Cooperation Strategies of Companies 3 

231430 Marketing Strategies 3 

233960 Technical Aspects of Real Estate Manangement 3 

231580 Value Creation in Service Economy 3 

234000 Job and Work Performance Evaluation 3 

234780 Travel Office Management 3 

234080 Innovations’ Managment in the Company 3 

121390 EU Projects’ Management 3 

234130 Investment Projects’ Managment 3 

234760 Customer Value Management 3 

234180 Real Estate (Fixed Capital) Management 4.5 




105



Major: QUANTITATIVE METHODS IN ECONOMICS AND INFORMATION SYSTEMS 


106 


222000 Algebra and Mathematical Analysis 6 

222060 

222800 

Econometrics of Time Series or 

Non-classical Optimisation Methods 



222120 Ecomomics of Development 4.5 

222230 

222580 

Management Information Systems or 

Probability Calculus and Stochastic Processes 

222260 Software Engineering 3 

222930 

220340 

220570 

220640 

220580 

220620 

Statistical Analysis Methods II or 

Microeconometrics 

Statistical Methods of Multidimensional Comparative Analysis or 

Decision Making Theory 

Mathematical Statistics I or 

Artificial Intelligence 


222940 Game Theory 3 


233000 Event History Analysis with SAS Tools 3 

233030 Consumption Patterns Analysis 3 

233040 Quantitative Methods in Data Analysis 6 

120110 Marketing Research 3 

233070 Business Intelligence 3 

233100 Data Mining 3 

230170 Dynamic Optimisation 3 

233160 e-Economy and Socio-Legal Environment 6 

230200 Bayesian Econometrics 3 

233180 Financial Econometrics II 6 

230220 Panel Econometrics 3 

230240 Non-linear Econometric Models 3 

233310 Qualitative Market Research 3 

6 

6 

3 

3 

3


233420 Demographic Analysis Methods 3 

230720 Demographic Models and Forecasts 3 

230740 Auto Insurance Models 3 

230760 Statistical Modelling of Social Phenomena (Events) 3 

230770 Multimedia Information Technologies 3 

233640 World’s Demographic Problems 3 

231110 Dynamic Programming and Recurrence Models in Econometrics 3 

234750 Reinsurance – Actuarial Aspects 3 

233700 Logistics Regression with SAS Tools 3 

233720 Decision Rules II 6 

231220 Development of Business Applications 3 

233810 Socio-economic Consequences of Demographic Changes 6 

233820 Statistical Methods for Powerty and Social Exclusion Analysis 3 

233820 Non-parametric Statistical Methods 6 

220570 Statistical Methods of Multidimensional Comparative Analysis 3 

233850 Actuarial Statistics and Risk Theory 6 

233880 Strategies for Informatisation of the Economy 3 

233920 Simulation Financial Programming in Macroeconomics 3 

231450 Database Systems II 3 

220640 Decision Making Theory 3 

233980 Life Insurance and Pension Plans 3 

234770 Dynamical Systems and Their Applications 6 

231680 Solvency of Insurance Companies 3 

234050 Advanced Methods of Statistical Analysis 6 

234650 Advanced Methods of Game Theory 3 

234060 Advanced Simulation Modelling 3 

234110 Information Projects’ Management 6 

232670 Application of Mathematics in Financial Economics 3 

234190 Integrated Management Information Systems 3 




* A student selects the one, he/she did not take as core major course 

107



Major: SOCIAL POLICY 


108 






222210 History of Social Thought 3 

221410 International Social Policy 3 

220390 Social Policy of Local Government 3 

220450 Administrative Law 3 

220540 Economic Sociology 3 


222950 Tax Systems 3 

220650 Theory of Social Policy 3 

222600 Human Capita Managementl 3 

221080 Public Sector Management 3 

Elective Courses (min. 15 ECTS) 39.5 

233250 Target Funds in Public Finance 3 

233500 Public-Private Partnership 3 

230910 Budget Policy 3 

230920 Education Policy 3 

230940 Fiscal (Tax) Policy 3 

230980 EU Health Care Policy 3 

220930 Spatial Policy and Urban Processes in Europe 3 

231050 Comparison of Public Sector Financial Systems 3 

233750 Labout Market in Poland and the EU 3 

130850 Sociology of Communication 3 

233790 Labour Sociology 3 

233800 Sociological and Psychological Aspects fo Management 3 

231290 Information Society 3 

234640 Sponsoring – Economics, Legal and Social Issues 3


234020 Contemporary Social Conflicts 3 





Major: SPATIAL ECONOMICS POLICY 



222010 Financial Analysis of Public Sector Entities 4.5 




222280 Environmental Modelling and Protection 4.5 


222390 Development Planning of Cities 3 

222420 Spatial Economics Policy 3 

222430 Regional Policy 3 

222520 Legislative Techniques and Administrative Proceedings in Spatial Planning 3 

222530 Organisation and Management Theory 3 

222550 Theory of Systems 3 

222560 Theories and Models of Spatial Economics Policy 3 

222630 

222640 

Social Services Management in Local Government or 

Local and Regional Development Strategies 


232110 Social Economy 3 

233330 Territorial Competitiveness 3 

233570 EU Economic Policies 6 

233650 Urbanisation Processes and Metropolisation 3 

233660 Prospective Analysis of Public Sector Finances 6 


232200 Financial Management in Cities 3 

3 

109


234090 Real Estate Management 3 

234160 Strategic Management of the City and Region 3 

234170 Public Sector Management 3 

110 





Major: TOURISM AND LEISURE (RECREATION) 



221220 Leisure Time as Socio-cultural Category 4.5 




222200 History of Culture 3 

222310 Tourism and Leisure Services Marketing 6 

222480 Operations Research Methods in Tourism and Leisure 3 

222440 Tourism Policy 4.5 

220200 Tourism Economy 3 

221260 Law in Tourism & Leisure Business 3 

222810 Managerial and Cost Accounting 3 

222500 Touristic Regions 6 

221300 Tourist Business Management 3 


230070 Marketing Research in Tourism 3 

121040 Business Plan 3 

221370 Cultural Aspects of International Business 3 

233440 International Hotel Management 3 

233480 Competition and Consumer Protection on the Tourist Market 3


232740 Organisation of Tourism in Poland 3 

233520 Tourism Development Planning 6 

131430 Investment Projects’ Evaluation 3 

233620 Public Relations in Tourism and Leisure 3 

232420 Transport in Tourism 3 

234620 Contemporary Tourist Market 3 

234780 Tourists’ Offices Management 3 




111


SGH Study Programmes in English 


Major: INTERNATIONAL ECONOMICS (IN ENGLISH) 


112 

Core courses 116 


110621 

110571 

Philosophy or 

Sociology 


110431 

110441 



110451 European Integration 3 

110521 Political Science (Theory of State) 3 











110641 Management 6 



120191 Corporate Finance 3 

120891 The World Economy 1.5 



120931 International Business Transactions 4.5 


3 

3


120881 International Financial Settlements 3 



120471 International Private Law 3 

Minor Courses 15 

Economics of Central and Eastern Europe 

132521 Transition Economics 3 


132071 Business in Central and Eastern Europe 3 


132131 European Economics 3 

International Business Management 

132111 Business Ethics 1.5 

132681 International Accounting 3 

132211 IT in Business Strategy 1.5 

132421 EU Marketing Law 3 

222301 Territorial Marketing (Marketing of Places) 3 


Electives 17 







20 

113



Major: QUANTITATIVE METHODS IN ECONOMICS AND INFORMATION SYSTEMS (IN ENGLISH) 


114 

Core courses 116 


110621 

110571 

Philosophy or 

Sociology 


110431 

110441 

110451 

110521 




Political Science (Theory of State) 











110641 Management 6 



120911 

120150 

Demography or 

Mathematical Economics 

120141 Deterministic Models of Operations Research 3 


120251 Business Informatics I 3 

120271 

120521 

120291 

121421 

Financial and Insurance Mathematics or 

Information Systems Design I 

Econometric Methods or 

Information Systems Design II 

121271 Survey Methods and Statistical Analysis I 6 

3 

3 

3 

3 

3 

3


121281 Probability Calculus 3 

Minor Courses 15 

Econometrics 

132011 Time-Series Analysis and Forecasting 6 


222051 

131011 

Applied Econometrics or 

Econometrics Theory 


Decision Analysis Methods 

132461 Decision Rules I 6 

131891 Optimisation Methods 3 

132491 Simulations in Spreadsheets 3 


Electives 17 








Major: INTERNATIONAL BUSINESS (IN ENGLISH) 


Core Courses 9 


210111 Business Law 4,5 


222161 Business Ethics 3 

222821 Financial Management 5 



222351 International Business Transactions 3 

3 

20 

115





220281 International Marketing 4.5 

222911 Managerial Accounting 5 


221471 Operations Management 3 


222621 Strategic Management 3 

222271 Trnasnational Companies 3 

116 


232261 Business Environment in CEE 3 

232301 Business Strategies for Central and Eastern Europe 3 

232281 Contemporary Issues in Central and Eastern Europe 3 

232271 Corporate Governance 3 

230671 International Financial Management 3 

232251 International Management 3 

230811 Investments Projects Evaluation 3 

232651 Mergers and Acquisition 3 

232901 Strategic Analysis of European Markets 3 

Internship in the Company 3 




Major: EUROPEAN MASTER IN LAW AND ECONOMICS (IN ENGLISH) 

Code Course Title ECTS* 

Core Courses 9 


210111 Business Law 4,5 

Core Major Courses 49,5





222671 Economic Analysis of Tort Law 3 

222681 Economic Analysis of Competition Law 3 

222771 

222781 

222791 

Economics of Constitutional and Administrative Law or 

Economics Analysis of Environmental Law or 

Labour Law and Economics 

222691 Economic Analysis of Property Law 3 

222701 Foundation of Law and Economics I 4.5 

222711 Foundation of Law and Economics II 4.5 

222721 Private Law in Transformation 3 

222731 Public Law and Economics 3 

222741 Public Law in Transformation 3 

222751 Corporate Law in Economics 3 

222761 Contract Law and Economics 3 


233111 Economic Analysis of the Labour Market Reform 3 

233121 Economics Analysis of Labour Relations 6 

233131 Economic Analysis of Market Deregulation 3 

233141 Economic Analysis of the Welfare State 3 

222771 Economics of Constitutional and Administrative Law 3 

222781 Economics Analysis of Environmental Law 3 

222791 Labour Law and Economics 3 




*) Actual number of ECTS may differ as a result of decisions taken by member universities of the consortium 

managing the programme. 

3 

117


Doctoral studies programme in English 

PhD training will consist of three distinctive educational forms: 

• coursework including lectures and workshops 

• specialization committee meetings 

• individual consultations with supervisors 

Lectures and workshops will be organised during the first two years of studies. Each student, both part-time 

and full-time, will take part in at least 220 hours of obligatory coursework organized into following blocks: 

General subjects – including the most noteworthy current topics from economics, management theory and 

sociology, with specific focus on transitional economy problems, globalisation and major concepts from the 

works of selected Nobel Prize winners in economics. 

Specialization subjects – students will be able to select either international economics or international management 

track, depending on their intended dissertation topic. Here focus will be on presenting current state 

of scientific research in these areas. 

Research methodology – a selection of workshops teaching students how to design and execute a research 

project in economics and management using a wide variety of research methodologies and techniques from 

qualitative and quantitative approaches. 

Skills building – how to organize a work in a research team, how to write scientific text in English, how to 

efficiently organize individual work on dissertation and prepare for public defence of PhD thesis. 

Attitudes building – axiology, ethics in scientific research and business. 

All lectures and workshops will be taught in English by the most renowned Polish and foreign professors. 

Specialization committee meetings will take place at least once a month. They will provide students with the 

opportunity to present elements of PhD thesis to a group of professors specialising in a given discipline and 

hear comments from them. The aim here is to increase students’ motivation and improve quality of work they 

deliver. 

Individual consultations with supervisors – at least once a month in two-hour seminars. Starting from the 

first semester the seminars will allow students a regular and intensive contact with supervisors . It is crucial 

that PhD students start intensive work on their dissertation as early as first semester and maintain a regular 

contact with their tutors so as to ensure fast and steady progress. 

All PhD students are required to achieve certain milestones at given points in time in their efforts to complete 

a dissertation. Below is an indicative work-plan for PhD students, adherence to which will be the most important 

factor in student evaluation taking place at the end of each semester. 

118


119


Contact Us 

Centre for International Programmes Development (CRPM) 

Centrum Rozwoju Programów Międzynarodowych (CRPM) 

120 

Building “A” 

ul. Rakowiecka 24, 02-521 Warsaw 

Phone: + 48 22 564 9213 Fax: + 48 22 564 86 16 

Fax: +48 22 564 8616 

e-mail: crpm@sgh.waw.pl 

http://www.sgh.waw.pl/crpm/ 

Director 

LLP Erasmus Co-ordinator: 

Ms. Elżbieta Fonberg-Stokłuska, M.Sc. 

Phone: +48 22 564 9840 

e-mail: estokl@sgh.waw.pl 

Room 11 

Deputy Director 

CEMS Academic Co-ordinator at SGH: 

Mr. Grzegorz Augustyniak, M.A. 

Phone: +48 22 564 9842 

e-mail: august@sgh.waw.pl 

Room 12

LLP Erasmus Officer at SGH: 

Ms. Małgorzata Chromy, M.A. 

Phone: +48 22 564 9841 

e-mail: mchromy@sgh.waw.pl 

Room 12 

Incoming Students Officer: 

Ms. Justyna Frydrych, M.A. 

Phone: +48 22 564 9843 

e-mail: jf39541@sgh.waw.pl 

Room 17 


Outgoing Students Officer 

CEMS Academic Assistant Co-ordinator: 

Ms. Agata Kowalik, M.A. 

e-mail: agata.kowalik@sgh.waw.pl 

Phone: +48 22 564 9844 

Room 17 

PIM, Overseas and Bilateral Exchange Officer 

CEMS Corporate Relations Co-ordinator 

Ms. Joanna Obiegałka, M.A. 

Phone: +48 22 564 9760 

e-mail: jobieg@sgh.waw.pl 

Room 17 

121


Polish-German Academic Forum Officer 

122 

Ms. Justyna Fik, M.A. 

Phone: +48 22 564 9386 

Fax: +48 22 564 8646 

e-mail: justyna.fik@sgh.waw.pl 

Room 16 

Other staff members: 

Dr. Izabella Bergel – Double Degree Programs’ Coordinator 

Ms. Beata Bondara – Office Logistics 

Ms. Katarzyna Cąkała, M.A. – Educational Projects 

Ms. Małgorzata Gut-Mostowy – Administration 

Ms. Iwona Książek B.A.– Travel arrangements 

Ms. Karina Michalczyk-Bark M.A. – PhD Students, Events co-ordinator 

Mr. Artur Mika, M.A. – EU Framework Programmes 

Ms. Małgorzata Nowicka, M.A. – CIEE Programme officer 

Ms. Maja Richards, M.A. – EU Framework Programmes 

http://www.sgh.waw.pl/crpm_-en/sghi/contact/


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Published by: 

Warsaw School of Economics (SGH) 

Centre for International Programmes Development (CRPM) 

ul. Rakowiecka 24 

02-521 Warsaw, Poland 

Published with financial support from the LLP ERASMUS Programme 

Last update: 30 June 2010 

© Copyright by Szkoła Główna Handlowa w Warszawie 

All rights reserved. No part of this publication may be reproduced, stored or transmitted 

without the permission of the Warsaw School of Economics 

124

ECTS Student Information Booklet 2010-2011 - School of Business

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