Македонски (Macedonian)English (United Kingdom)


To get the required passing score for each subject from the curriculum, the student must successfully (completely, timely, with quality and dedication) to perform the tasks set by professors. Final estimates are obtained based on the following criteria:

  • Attendance at lectures (10%)
  • Activity at lectures (10%)
  • Research activities (20%)
  • Successfully passed colloquia / final exam (60%)


According to the Law on Higher Education of the Republic of Macedonia and the European Credit Transfer System (ECTS), IBF assessment uses the following scale:







EXCELLENT - outstanding performance with only minor errors



VERY GOOD – above-average standard but with some errors



GOOD - generally sound work with a number of notable errors



SATISFACTORY - fair but with significant shortcomings



SUFFICIENT - performance meets the minimum criteria



FAIL - more work required before the credit can be awarded



FAIL - considerable further work is required



The final assessment of the module is determined based on average results achieved by the final exam and planned activities that the student earned during the semester. The specific requirements of the modules are determined by the FBE, with special attention being given to students who are distinguished by their talent, commitment and action. Namely, for each module from the curriculum several thematic research activities are provided which students realize through team work under supervision of the professor. Depending on the demonstrated quality (depth and scope of research and knowledge), the best students will receive the highest grade.
If the student does not get 6 or higher grade it means that he/she did not pass the exam and will have to take the same exam again. The less successful students have the opportunity for additional training, consulting and various other extracurricular activities so as to pass the minimum required for passing grade.
For undergraduate studies in Business Economics, for each of the five available programs a corresponding (in this case maximum) number of credits and points have been anticipated. In accordance with the proposed allocation of credits, corresponding to the total scope of engagement of the professors and students, about 1500 – 1800 working hours on average have been planned for surmounting the entire curriculum (number of classes planned, lecturing- ex cathedra, exercises envisioned as modules for practical application and independent work of the students to learn the lessons).
Practically, the groups will be consisted of 25-30 students, with daily schedule of 4 classes lectures-ex cathedra, 2 classes of exercises (in appropriate combination of teaching and exercises through practical simulation in the modules, in order to be implemented) and 2-3 hours independent work of the students. Based on such dynamics and schedule of activities during each of the 6 semesters, the required number of 180 credits will be realized.
The grading of the students results will be done periodically, for each semester, through 2 colloquiums. and a final exam at the end of the semester. The final grade will be determined based on the previously mentioned criteria for attendance and activity at lectures, research activities and successfully passed colloquia / exam.
The students who will collect

  • From 50% to 60% of the number of points will get an average grade 6 for the studies
  • up to 70% of the number of points will get an average grade 7 for the studies
  • up to 80% of the number of points will get an average grade 8 for the studies
  • up to 90% of the number of points will get an average grade 9 for the studies
  • up to 100% of the number of points will get an average grade 10 for the studies


The following is planned according to the principal concept of the Integrated Business Faculty:

  • During the first academic year, all students (regardless of the program they select during the third year of studies) to acquire knowledge in the fundamentals of business economics, through appropriate representation of certain scientific disciplines (macroeconomics, mathematics, statistics, financial accounting, microeconomics, business law and English language).
  • During the second academic year, it is again planned for students to acquire a certain quantum of fundamental knowledge for all students (management accounting 1 and 2, managerial economics, corporate finance, integrated business approach). Apart from these, so called fundamental courses, compulsory for all students, a possibility for electives is planned i.e. the students can also study additional lessons in entrepreneurship, GIS 1, economics of regional integration and marketing basics.
  • During the third academic year, it is planned for students to specialize in the selected program. Therefore, suitable fundamental (compulsory) courses are anticipated for each program. However, in order to meet the individual interests of the students, an opportunity has been given for them to select another two courses from the list of elective courses for each respective program.


Following the successful completion of the planned activities during the three-year studies, students will also have to prepare a graduation paper. After the successful public presentation of the graduation paper, the students will acquire a diploma as:

  • Economist in Financial Management
  • Economist in Marketing Management
  • Economist in Sustainable Development - Environmental Economy
  • Economist in Regional and Local Business Development
  • Economist in Banking