Financial and Managerial Decision-Making

The microdegree is designed for those interested in a managerial career in international organisations. Upon completion, the participants will be able to make, justify and communicate ethical and informed business decisions. 
With whom do you study in this programme? 
Faculty and students of different nationalities create a unique cultural space which broadens your worldview and encourages to think big. The micro-degree is part of the International Business Administration programme that has received the highest international recognition among business schools - accredited by EFMD.  

The learning process combines the acquisition of theoretical knowledge with its application in practical tasks. Lectures cover core concepts of finance and management accounting, which are reinforced through exercises, case studies, discussions, and group work. The business communication course develops presentation and intercultural communication skills through role plays and practical presentations. Independent work, including the analysis of professional literature, homework, and problem-solving tasks — deepens knowledge and connects theory with practice. The learning process fosters critical thinking, ethical reasoning, and professional presentation skills. A blended approach of contact learning and independent study supports flexible and goal-oriented learning.

Workload: 3 courses, 9 ECTS in total. 72 hours of lectures and seminars on campus, twice a week. Outside class, you’ll also need time for independent work: reading, practice exercises, group projects and preparing for tests and exams. Deadlines for all assignments are published a month before the programme starts, so you can plan your time well in advance.

Principles of Finance - 24 ac/h classroom meetings 
This course provides a practical introduction to key financial concepts like the time value of money, risk and return, and financial instruments. It equips professionals and entrepreneurs with the tools to analyze financial data, assess investment opportunities, and make informed financial decisions. By the end, you will have developed financial literacy and essential analytical skills, preparing you for more advanced finance topics and improving your personal and business financial management. 
Course grade is based on homework assignments, tests and a final exam.
Lecturer: Alar Kein 

Accounting for Managerial Decisions - 24 ac/h classroom meetings 
This course equips participants with essential managerial accounting tools for effective decision-making. You will learn how to use financial and non-financial data for planning, budgeting, and resource allocation, as well as apply key techniques such as cost-volume-profit analysis and basic costing methods. By the end, you will be able to use managerial accounting methods to assess business performance, support managerial decisions, and contribute to team-based decision-making while considering ethical implications in performance measurement.
Lecturer: Aet Toots

Professional Communication Skills - 24 ac/h classroom meetings 

Why it matters
Knowledge alone doesn’t guarantee success. You also need to present it clearly and in a way that suits your audience. Professional communication builds trust, supports collaboration and helps you navigate a culturally diverse business environment.

What you’ll do
The course is interactive, built around discussions, pair and team work, and presentation practice. You’ll learn how the communication process works, what the common barriers are and how to avoid them, and how to listen actively and give feedback. On cross-cultural communication, you’ll gain tools to understand colleagues and partners from different cultures. On public speaking, you’ll learn to structure a presentation, use visuals, body language and voice effectively, and handle questions with confidence.
Course grade is based on active participation in class, a video introduction with peer reviews, and a group presentation.
Lecturer: Anu Lehing