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Business Administration

Business Administration

Bachelor in Business Administration (180 ECTC, 3 academic years, full-time)
Professional profile

The Bachelor of Business Administration (BAB) study program at POLIS Business School gives you an understanding of how companies and other types of organizations are structured and how they make decisions based on intuition, numbers and economic thinking, considering environmental sustainability and social. From BAB you will gain knowledge in the fields of international business, economy, finance, accounting, statistics, strategy, marketing, innovation and technology, as well as you will be skilled in the management of human resources and complex organizational processes. You will also learn how to handle communication challenges within the company and those outside it with the external environment and stakeholders. BAB ka për qëllim pajisjen e studenteve me njohuri teorike dhe aftësi
praktike mbi sipërmarrjen dhe menaxhimin e bizneseve, duke filluar nga biznesi i vogël familjar e deri te korporatat.

Employment opportunities

The theoretical-practical skills obtained from the BAB at POLIS Business School create a variety of cross-functional (including most business departments) and cross-sectoral (in the public and private sector) employment. Konkretisht, të diplomuarit nga ky program mund të punësohen në departamente të ndryshme të Administratës Publike, si për shembull departamenti i prokurimeve,
financës, burimeve njerëzore, marketingut, komunikimit, etj. As for the private sector, BAB students have priority in departments such as human resources, economics, marketing, production and logistics, sales, customer relations, finance and accounting, quality management, etc. Gjithashtu, vetëpunësimi nëpërmjet sipërmarrjeve private dhe sociale mbetet një opsion mjaft tërheqës në
tendecat e sotme të tregut.

EDUCATION PROGRAM

Semester I
Introduction to Microeconomics
The course aims to equip students with the basic concepts of economics. These concepts will help students understand the behavior of economic agents: households, businesses, and public actors. At a level above the introductory one, the course covers the theoretical foundations of the two main components of microeconomic theory: (i) consumer theory and (ii) producer theory. The treatment of these topics is limited to the conditions of a perfectly competitive market. In the first part, consumer theory, the course begins with the consumer’s budget constraint. It then examines the other side of consumer behavior: how the consumer perceives their utility. This includes the development of utility theory, preference theory, and consumer choice theory. Consumer theory concludes with the construction of the individual and market supply curves, as a concrete expression of consumer behavior.
Business Analysis I (Principles of Management)
The main objective of this course is to engage students from an active research perspective, rather than as consumers of facts and formulas. The solid foundations that students will gain in this course will help them recognize connections to the real world of management. The course Business Analysis I (Principles of Management) is deeply rooted in a Druckerian philosophy, summarized in the words of the founder of modern management, Peter Drucker:
“A manager who understands the discipline of management can still be an effective manager — perhaps even a first-rate one — even with minimal knowledge of managerial tools and techniques. A person who knows only skills and techniques, without understanding the principles of management, is not a manager, but merely a technician.” (Drucker, 1974).
Mathematics
The course will consist of lectures and seminars. The lectures will address important topics in mathematical culture that are essential for the field of Business Administration, focusing on the most necessary themes and their organic interconnections. Several areas of mathematics are expected to be covered. The goal is to prepare students to understand, interpret, and apply in practice some fundamental elements of mathematics. During this course, guided by the instructor, students will acquire and reflect on the knowledge that forms the basic concepts of Algebra, Analysis, and Probability.
Quantitative Methods I (Statistics I)
The objective of the course is to provide students with fundamental knowledge of quantitative methods and to equip them with research and professional skills for their use in the process of formulating research problems and objectives, as well as in applying statistical techniques for data collection, interpretation, and descriptive analysis of a specific sector, area, or phenomenon.
Academic Writing
Get to know the field of academic writing and literature, learn how to understand, interpret, and analyze an academic paper. Get to know different forms of academic writing and methodologies. Learn the iterative process of academic writing. Learn how to develop a topic out of an idea, as well as how to structure it into a finalized text. Practice writing on a variety of topics. Learn how to format and rigorously cite an academic paper. Stay attentive to grammar and sentence structure in an academic text.
Semester II
Macroeconomics and Economic Policy
In this course, students analyze the behavior of the economy in the short run, focusing on issues such as business cycles and stabilization policies, and in the long run, focusing on economic growth, the natural rate of unemployment, and inflation. The course integrates Keynesian and Classical theories to provide an understanding of how the economy functions over different time periods and how economic policy decisions are made.
Management and Marketing
In this course, students will be introduced to the concepts, analyses, and activities that make up management in marketing, and they will gain experience in evaluating and solving marketing problems. This will include an understanding of the marketing process—market research and decision-making related to product, distribution, promotion, and pricing, which together constitute the marketing mix. Students will learn how to conduct a rigorous analysis of companies, consumers, competitors, collaborators, and the general business context, as well as the process of creating, communicating, and delivering customer value through the marketing mix.
Accounting
Upon completion, students should have a comprehensive understanding of financial accounting and reporting models, and how these are applied in different types of organizations. While examples from non-profit and public sector organizations may be used, the main examples and reference terms of the course will be based on the actual annual reports of publicly traded companies. In addition, students completing the course should be able to: understand the fundamental concepts of primary financial statements and the relative importance of the income statement, balance sheet, cash flow statement, and retained earnings; locate and use information from a corporate annual report to analyze a company’s financial performance and position; and understand how balance sheets and cash flow statements—both current and projected—affect business financing, including equity and shares.
Quantitative Methods II (Statistics II)
The objective of the course is to provide students with fundamental knowledge of quantitative methods and to equip them with research and professional skills for their application in the process of formulating research problems and objectives, as well as in applying statistical techniques for the collection, interpretation, and descriptive analysis of data related to a specific sector, area, or phenomenon.
Business Law
In this course, students will gain an understanding of the fundamental legal concepts and practices that govern business in Albania and around the world. They will learn about the differences between common law (used in English-speaking countries) and civil law (used in continental Europe), as well as the extent to which European Union legislation seeks to reconcile the two in the regulation of business. The course will examine the company as a legal “person” with rights and responsibilities. Students will understand corporate responsibilities and the limitations of liability in different types of companies, as well as the roles and responsibilities of owners, managers, directors, and auditors. It will also cover product liability, contracts and their termination, the obligations of buyers and sellers, and the legal remedies available for contract enforcement, including arbitration and litigation. Furthermore, the course will develop understanding of auditing, the responsibilities of auditors and companies in different jurisdictions, and laws related to investment and finance.
Semester III
Entrepreneurship
The course embraces the idea that entrepreneurship is an approach to business suitable for any organization, regardless of its size or level of establishment. Successful entrepreneurship involves a combination of skills or traits that are typically learned rather than inherited—leadership, intellectual curiosity, critical thinking, willingness to take responsibility and carefully measured risks, as well as the readiness to fail, learn from failure, and move forward. The course aims to inspire students through exposure to real-life cases and the entrepreneurs involved in them, encouraging the research and development of the skills necessary for success in entrepreneurship. The main objective of the course is to help students understand that every individual has a different style of interaction and work, and that awareness of one’s personal style is essential to developing the behaviors and abilities that inspire others to work toward a common goal.
Fundamentals of Finance
The course aims for students to acquire the essential theoretical and technical knowledge necessary to work in the future as specialists within the finance departments of private sector entities, second-level banks, public institutions, insurance companies, and others. Throughout the lectures, students will integrate the economic knowledge gained from first-year courses to develop a deeper understanding of financial models, with the goal of enhancing their ability to provide appropriate solutions to various financial problems faced by an economic unit. They will become familiar with the criteria, methodologies, and techniques that can be applied to make sound financial decisions in real situations encountered by business entities.
History of Economic Thought
The main objective of this course is to equip students with foundational knowledge about the essence of the market economy, complementing the basic concepts covered in microeconomics and macroeconomics. In this context, the course provides in-depth knowledge of fundamental categories of economic thought such as profit, value, price, capital, the monopolistic market, and the historical development of these concepts. The aim is for students to understand the origin, evolution, and theoretical meaning of economic categories through a historical and analytical approach.
Business Ethics and Corporate Social Responsibility
This course examines the principles, theories, and practical applications of business ethics and corporate social responsibility (CSR). Students will analyze ethical issues in various organizational contexts, understand the roles of stakeholders, and evaluate strategies for managing ethical behavior and CSR initiatives in a globalized business environment focused on sustainability.
International Law
The main objective of the course is to equip students with comprehensive and in-depth knowledge of international business law, providing them with the ability to understand and adapt to the complex environment of global trade and business. Readings and lectures will be complemented by class discussions and debates, including a mock trial in which students argue a case based on a real-life example.
Semester IV
Business Models and Innovation
The main objective of this course is to equip students with skills in the field of innovation management, as a modern application of management theories in the evaluation, promotion, transfer, and adoption of new technologies across various industries.
International Business
International business involves all commercial transactions between two or more countries. It includes activities such as import-export, interaction with governments, foreign regulations and cultures, as well as domestic norms that affect firms operating outside their home countries. This course introduces students to the practices of doing business in today’s global environment. It begins with an overview of the phenomenon of globalization and the major changes that have characterized different countries around the world. Students will then explore the trends influencing global trade and investment environments, as well as the strategy and structure of international business. Finally, the course presents issues related to international business operations, such as production, marketing, logistics, and human resource management.
Organizational Behavior
The course aims to prepare students to identify the fundamental principles of organizational behavior and analyze how these principles influence behavior in the workplace. Students will analyze individual human behavior at work, shaped by personality, values, perceptions, and motivations. They will describe the elements of group behavior, including group dynamics, communication, leadership, power and politics, as well as conflict and negotiation. Students will also develop an understanding of their individual management style and how it relates to influencing and managing behavior within organizational systems. The course focuses on enhancing critical thinking and analytical skills through the use of management case studies, personal application papers, and small group exercises. It also aims to strengthen students’ research, writing, and presentation skills.
Business Analysis II (Operations Management)
Given that the creation of products and services represents the main reason for the existence of any organization—whether small or large, manufacturing or service-oriented, profit or non-profit—managers must understand the importance of operations. This is because effective operations management provides the opportunity to improve revenues while ensuring that products and services are produced more efficiently. This combination of higher revenues and lower costs should be understood as one of the most important factors in any organization by all managers.
Environmental Economics and Climate Change
The main objective is to understand and analyze the relationship between the environment and the economy. The environment is an essential component of the economic system, and without it, this system cannot function. Economists have begun to treat the environment as an asset and a resource. According to environmental economists, environmental degradation is the result of market system failure to assign value to the environment, even though it serves economic functions and provides economic benefits. It is argued that environmental assets tend to be overused or abused, leading to their degradation. Therefore, the environment should be studied and integrated into the economic system and taken seriously by decision-makers.
Semester V
Change Management
The course “Change Management” addresses the process of organizational change as an essential dimension of contemporary management. It focuses on understanding the sources of change, process models, diagnosing needs, planning, implementation, and sustaining change. Students will become familiar with both theoretical and practical approaches to leadership during change, as well as the roles of communication, politics, and motivation. They will also develop skills to analyze real-world cases of change management.
The objective of the course is to equip students with theoretical and practical knowledge to understand, lead, and manage organizational change processes effectively, ethically, and sustainably.
Financial Analysis and Reporting
The course on financial statement analysis aims to provide students with the necessary skills to be competitive in the job market and to be prepared to make decisions that impact the economic entities in which they will work. The distinctive feature of this course lies in the process of gathering knowledge from the official financial documents that companies are required to publish — the Financial Statements — and in interpreting the financial items and ratios for the purpose of managing and reporting the financial condition.
Business Strategy
The Strategic Management curriculum provides the training business leaders need to succeed in this essential business function. In this course, students will learn how to build a business strategy and strategic plan based on sound principles and comprehensive information. They will develop strong decision-making skills and gain an understanding of the market forces that influence business success. Through this course, as part of the Master’s studies in Business Administration, students will also acquire the necessary credentials that enable a wide range of employment opportunities, well-paid jobs, and a prestigious pathway for career advancement.
Circular Economy
The objective of this course is to provide in-depth knowledge about the concept of the circular economy and how it differs from the current lifestyle model — the “linear economy” — in which most of society operates. Furthermore, the course aims to develop skills such as creativity, systems thinking, and teamwork, as well as to raise awareness about the interactions between human activities and environmental dynamics. By the end of the course, students are expected to have gained a deep understanding of the circular economy and the ability to propose business models that take into account technical, economic, social, and environmental aspects.
Financial Economics
This course examines the economic principles that determine the allocation of resources over time in market economies. It applies supply and demand relationships to evaluate capital assets (or projects in general). Financial economics is a branch of economics that studies the behavior of business managers, particularly their reasoning in making investment, pricing, and other strategic business decisions. The course assumes that students have basic knowledge of microeconomics, macroeconomics, and finance. Building on the general principles of these subjects, it explores how markets function, the models and applications that describe the efficient allocation of resources within an economic unit, and how competing firms behave in the market. Financial economics seeks to optimize the decisions of an economic unit based on its objectives and the constraints imposed by limited resources and competitive markets.
Leadership
This course presents both the practice and theory of leadership, referring to contexts within business as well as organizational life beyond business. The main objective is the development of students’ leadership skills as current and future leaders of themselves and others. The philosophy of this course is best captured in the words of James March: “The critical concerns of leadership are not technical issues of management or power; they are fundamental issues of life.”
Semester VI
Digital Business
Information systems are one of the main tools available to business managers for achieving operational excellence, developing new products and services, improving decision-making, and gaining a competitive advantage. Students will find here a comprehensive overview of the Information Systems (IS) used by business firms. This course offers a combination of information technology and management concepts applied in the business environment. The course is structured around the case study method to understand the implementation of IS in different enterprise functions.
Internal Audit
In this course, the student is expected to acquire knowledge and understanding of the conditions that shape and influence internal auditing, related structures, and business administration from an organizational perspective. The course aims to develop knowledge and comprehension of the role of internal auditing in supporting management structures within businesses (or public entities). Students are expected to understand and apply relevant laws and regulations as appropriate, as well as to gain the ability to perform risk assessments and develop independent internal audit plans.
Business Planning & IT
The purpose of this course is to equip students with the skills to write a business plan (in either the public or private sector). It provides the basic concepts and main steps that must be followed in developing a business plan. The course also aims to enable students to identify the necessary information for preparing a business plan, understand different business plan models, and learn how to write an effective business plan.
Internship – Professional Practice
This module focuses on professional practice, as it represents the application of theoretical knowledge in a practical context. During the internship period, students are expected to be engaged, under the supervision of a mentor, in activities that challenge and apply the knowledge acquired throughout their studies.
Thesis
Each student prepares a thesis proposal during the semester. The student is advised by an instructor throughout their research and is expected to write regular progress reports in order to discuss specific problems and aspects of their work. Assistance is provided in the preparation of the thesis.