In 2012, the Department of Finance at National University of Kyiv-Mohyla Academy (NaUKMA) and the System Dynamics Group at Norway's University of Bergen (UiB) launched an international project designed to build dynamic modeling capacity at the Ukrainian university.

In July 2022, at the international project coordinators' conference in Bergen (Norway), a detailed report was presented (the video presentation is available on YouTube via the link) on the work carried out, achievements, as well as further prospects for fruitful cooperation with foreign colleagues.

At this year's System Dynamics conference in Frankfurt am Main (Germany), the results of a joint project of the Department of Finance of the National Academy of Sciences of Ukraine, the University of Bergen and the Ivan Franko National University of Lviv were presented.

The participants of the conference highly appreciated the success of the project and its important contribution to the development of the social capital of the participating countries. We are planning further development of our cooperation and active activities.

On June 4-16, the "Eurasia Final Conference" international conference was held in the city of Bergen (Norway), where international cooperation issues were discussed and the results of projects implemented with the support of the Ministry of Foreign Affairs of Norway were summarized.

Associate Professor of the Department of Finance Olena Primerova and Master's student Maria Tomilina together with project coordinator David Wheat presented the results of the joint project "Learning Economics with Dynamic Modeling" (2012-2022). As part of this project, the Department of Finance and the University of Bergen spent more than 100 students studying in Bergen, gaining experience in international communication and modern knowledge and skills. During the conference, they discussed the significance of the implemented projects for the participating universities and society as a whole, the issue of ensuring the success of the projects and prospects for further cooperation.

The modern economy and technological development form new requirements for graduates of economic specialties. Knowledge and skills of modeling and forecasting of complex financial and economic systems must meet the requirements of the modern financial market and financial system.

Therefore, we at the department of finance NaUKMA are trying to fill the curriculum with really important and necessary disciplines. Thus, 100+ NaUKMA students and 10+ NaUKMA professors have been trained in System Dynamics at the University of Bergen during 2012-2022.

The study of System Dynamics gives our graduates a modern tool of modeling, increases their competitiveness in the labor market, and allows them to perform complex tasks, regardless of their place of work. This can be the National Bank, and the consulting firm, and any production company.

Collections of theses of the Third Annual International System Dynamics Conference are already waiting for their authors. Department of Finance thanks the partner universities - University of Bergen (Norway) and Lviv University for fruitful cooperation.

Every year we hold System Dynamics scientific conferences, based on the results of which we publish collections of conference participants theses. These collections are interesting and useful not only for students of Department of Finance, but also for the entire Faculty of Economics. Students and Ph.D students are happy to participate in these conferences and use their results for their term papers and dissertations.

On December 10, the Department of Finance of NaUKMA in cooperation with University of Bergen and Ivan Franko National University of Lviv held the Fourth Annual Research Conference “System Dynamics in Economic and Financial Models”. Just incredible speeches, thorough research, interesting questions and comments. We look forward to seeing you next year.

On October 31, 2019, professors of the Department of Finance Olena Primerova and Alina Novik held a workshop for teachers of the Shevchenkovsky district on the topic "Using the system dynamics method for teaching various disciplines."

The Department of Finance of NaUKMA in cooperation with Universitetet i Bergen and Ivan Franko National University of Lviv invites to participate in the Second Annual Research Conference “Complex Socio-Economic Systems and Dynamic Modeling” on December 9, 2019, Kyiv, Voloska 8/5 str., Bldg. 6, room 401.
Working language is English.

10 of December 2018 Department of Finance, NaUKMA in cooperation with System Dynamics Group, Universitetet i Bergen and Ivan Franko National University of Lviv hold The 1st Research Conference "SYSTEM DYNAMICS MODELING FOR PUBLIC AND CORPORATE FINANCE: BACKGROUND AND OPPORTUNITIES".