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The Hayek School of Economics

Master of Science in Technology Management


The Hayek School of Economics’ Master of Science (M.S.) program in Technology Management provides a greater degree of focus on the field of Technology Management compared to more general Engineering, Business M.S. or MBA programs which other universities offer. The program places emphases on the following sub-fields of the discipline of technology management: the Role of Economics in Industrial Engineering, Industrial Efficiency, Marketing in Industrial Engineering and Scientific Management for Heavy Industry. The goal of the program is to develop leaders of the cadre who know how to manage and motivate people in different fields of technology management, including heavy industry, engineering, manufacturing and others. In a learning environment that is equipped with the latest technology, the Hayek School of Economics’ graduate students master these fields and learn to think strategically from the world-renowned faculty and top practitioners.


Students who complete five courses, but do not finish the entire curriculum in order to meet graduation requirements for the M.S. degree, and decide to drop out of the program, nevertheless will be awarded a Graduate Certificate instead. In order to earn the Graduate Certificate the student must complete three of the principal courses and two courses either from the concentration or the electives.


The Hayek School of Economics offers more than just the traditional online experience. It combines in-class seminars and examinations with online guidance. The Hayek School of Economics provides its Master of Science candidates with valuable extracurricular opportunities to exchange ideas with high-level executives, participate in business simulation competitions, and the attend ESAP, the European Study Abroad Program of Georgian International University which gives our students unique opportunities to study, as well as teach in Europe, and receive full certifications and dual degrees from premier European academic institutions. Attending the ESAP is not mandatory for most programs, but it is always highly recommended. This will allow our candidates to become closely acquainted with international academic and economic cultures, people and unique economic philosophies, traditions and viewpoints of different nations


Tuition is approximately $800 per course, subject to change.

Principle Course Credits
TMG 500 Microeconomics and Industrial Engineering 3
TMG 505 Macroeconomics and Industrial Engineering 3
TMG 532 Industrial Efficiency & Scientific Management: Taylor 3
TMG 553 SEMINAR: Industrial Efficiency & Scientific Management 3
TMG 535 Technology Management & Human Motivation: McClelland 3
TMG 520 Managerial Accounting for Heavy Industry 3
TMG 530 Organizational Behavior 3
TMG 550 Marketing for Industrial Engineers 3
TMG 551 SEMINAR: Marketing for Industrial Engineers 3
TMG 560 Leadership & Industrial Strategy 3
Dissertation Credits
MS 1 Proposal, APA Style, 2 pgs 3
MS 2 Thesis, APA Style, 30 pgs 3
Total Credits 36


We admit M.S. students on a quarterly basis. We welcome international students, as well as transfer students from reputable schools of good academic standing into its M.S. programs.


  1. A transcript(s) with undergraduate GPA of 3.0, or instead a Graduate Record Exam (GRE) test score of 550 on the verbal and 600 on the quantitative portion. In some cases Graduate Management Admission Test (GMAT) may be also acceptable.
  2. Two Letters of Recommendation from the school(s) previously attended.
  3. TOEFL score for international students.


15 Engineering Credits
3 Finance Credits
3 Economics Credits
3 Statistics Credits

Note, Georgian International University does not offer undergraduate classes in Engineering. For that reason, the applicant must supplament the requirements by taking the 15 prerequisite credits in Engineering elsewhere. The University will accept credits for the courses taken in colleges, politechnic institutes and universities of recognized standing.

Prior undergraduate or graduate courses in which a grade of B- or higher was attained can be used to meet the prerequisites of the program. Areas in which the student does not have prior coursework can have the necessary requirements met by taking the following foundation courses at Georgian International University:

ECON 350 – Basic Finance
ECON 310 – Microeconomic Theory
STAT 450 – Basic Statistics

Truly exceptional applicants, who do not meet the enrollment requirements, still may be considered for the program. They must be interviewed in person and evaluated by the Graduate Committee. Taking additional prerequisite courses will be a part of the provisional admission. Prospective applicants must take under consideration that the university rarely makes such exceptions.