Македонски (Macedonian)English (United Kingdom)

Available subjects for exchange students

 Study Programme

The main priority of the study programme in Economics is to produce undergraduates that will be provided with a profound knowledge in the fields of: finance, marketing, accounting and audit, and economic theory, depending on the discrete choice of each particular student, and his academic and professional interests.

In general the programme is designed to have a multidisciplinary character. The study programme lasts for 8 semesters, 6 of which contain courses that are general to all the students regardless of their module choice. These subjects, which are crucial for all students to gain basic knowledge in the field of economics, include but are not limited to: Macroeconomics, Microeconomics, Principles of Management and Financing, Accounting, Integrated Business Curriculum, Entrepreneurship, Business English, Principles of Marketing, Business Law. The aforementioned courses, and the other which are part of the study programme are grouped into: mandatory courses, elective courses, and free elective courses. The courses in the first 6 semesters are the same for all students, regardless of their chosen module. During their 7th and 8th semester, depending on the module they have chosen, they will specialize into one of the four modules, listed above. After successfully passing all exams in accordance with the study programme, the student has to prepare and publicly defend his thesis. The defense of the thesis can happen as early as 7 days after the student passes his last exam, and takes place at the premises of the institution, in front of a committee of two professors. The thesis is itself valuated with a certain number of credits, in accordance with the study programme, and it is graded quantitatively, with the grade entering the average grade of the student.

In accordance with the article 99, from the Law on Higher Education, the study programme contains courses that can be conducted in English, besides the regular classes held in Macedonian for these courses. Such courses, in accordance with the study programme are: Managerial Economics (elective, 6 ECTS), Mathematics for economists (mandatory, 8 ECTS) and Business Statistics (mandatory, 8 ECTS).

In accordance with the article 99 from the Law on Higher Education full-time students are obliged to conduct internship in some company, lasting no less than 30 days, as a precondition for enrolling in the next academic year. The internship is included in the study programmes, but it has no credits, nor is it graded.

During the final academic year, the students will further enhance their knowledge, by getting involved in empirical problems, and case studies of practical problems, that will equip them with the tools to work on real-life scenarios in everyday business operations, relevant to their field of specialization. Besides obtaining a practical knowledge, the student will enhance its capabilities to come up with creative solutions, and working under pressure. The courses included in the programme and standard courses in each of the modules that are being taught in all renowned universities, with some minor modifications. The courses are structured in a way that provide a solid foundation for further education and specialization in all economic fields, as well as in other fields related to organization science, law and the human sciences.

The process of education of future graduates is intended to be both internationally oriented, as well as based on the labor market needs in R. Macedonia. The study programme is constructed to provide the students with a knowledge of the economic processes in the country and the regional policies.

 

The study programme for the entire 8 semesters (4 years) is structured as follows:

 

  I Academic Year

 

I Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ 100

Microeconomics

4+2

8

2.

Econ 110

Mathematics for Economists

4+2

8

3.

Bus 110

Management Essentials

4+2

8

Elective courses – one is chosen from the suggested courses:

4.

Bus 101

Business English

4+2

6

5.

CS 201

ICT for Business

4+2

6

Total:

 

30

II Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ 230

Macroeconomics

4+2

8

2.

Fin 200

Principles of Finance

4+2

8

3.

Fin 100

Principles of Accounting

4+2

8

Elective courses – one is chosen from the suggested courses:

4.

Bus 200

Innovations and Development

4+2

6

5.

Mark 400

Principles of Marketing

4+2

6

Total:

 

30







1st academic year: total of 60 ECTS

 

II Academic Year

 

III Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Bus 307

Entrepreneurship

4+2

8

2.

Econ 120

Business Statistics

4+2

8

3

Bus 204

Business Law

4+2

8

                                          Elective course:

4.

 

One course is chosen from the list of free elective courses

4+2

6

Total:

 

30

IV Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Bus 610

Strategic Management

4+2

8

2.

Acc 300

Managerial Accounting I

4+2

8

3.

Bus 640

Marketing Management

4+2

8

Elective course:

4.

 

One course is chosen from the list of free elective courses

4+2

6

 

 

Total:

 

30








2nd academic year: total of 60 ECTS

 

 

III Academic Year

 

V Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Fin 301

Corporate Finance

4+2

8

2.

Bus 300

Integrated Business Curriculum 1

6+6

16

Elective courses – one is chosen from the suggested courses:

3.

Econ 320

Applied Economics

4+2

6

4.

Mark 522

Promotional Strategies

4+2

6

Total:

 

30

VI Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Bus 400

Integrated Business Curriculum 2

6+6

16

2.

Rul 301

Economics of Development

4+2

8

                                    Elective course:

3.

 

One course is chosen from the list of free elective courses

4+2

6

Total:

 

30

3rd academic year: total of 60 ECTS

 

 

IV Academic Year: Module - Finance

VII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ 410

International Economics

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Fin 550

Risk Management

4+2

7

3.

Fin 560

Corporate Finance – Case study analysis

4+2

7

4.

Fin 540

Investment Management

4+2

7

5.

Fin 500

Financial Markets and Institutions

4+2

7

Total:

 

30

VIII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Fin 510

International Business Finances

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Acc 400

Managerial Accounting 2

4+2

6

3.

Bus 410

Tax Law and Tax Management

4+2

6

4.

Econ 500

Research methods in Economics

4+2

6

5.

Fin 570

Financing and crediting of international trade

4+2

6

 

 

Graduation Thesis

 

3

Total:

 

30

 

4th academic year: module Finance -  total of 60 ECTS

 

 

IV Academic Year: module - Marketing

 

VII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ600

International Economics

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Mark 620

Internet and International Marketing

4+2

7

3.

Mark 530

Services Marketing

4+2

7

4.

Fin 500

Financial Markets and Institutions

4+2

7

5.

Mark 520

Pricing Strategies and Tactics

4+2

7

Total:

 

30

VIII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Fin 510

International Business Finances

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Mark 520

E-Business Distribution Channels

4+2

6

3.

Mark 530

Consumers Behavior

4+2

6

4.

Econ 500

Research Methods in Economics

4+2

6

5.

Hr 500

Human Resources Management

4+2

6

 

 

Graduation Thesis

 

3

Total:

 

30

 

4th academic year: module Marketing -  total of 60 ECTS

 

 

IV Academic Year: module  - Accounting and Audit  

 

VII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ600

International Economics

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Mark 520

Pricing Strategies and Tactics

4+2

7

3.

Fin 520

Fiscal and Monetary Policy

4+2

7

4.

Fin 530

Auditing

4+2

7

5.

Fin 500

Financial Markets and Institutions

4+2

7

 

 

Вкупно:

 

30

VIII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Fin 510

International Business Finances

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Acc 400

Managerial Accounting 2

4+2

6

3.

Bus 410

Tax Law and Tax Management

4+2

6

4.

Econ 500

Research Methods in Economics

4+2

6

5.

Hr 500

Human Resources Management

4+2

6

 

 

Graduation Thesis

 

3

 

 

Total:

 

30

 

4th academic year: module Accounting and Audit -  total of 60 ECTS

 

IV Academic Year: module  - Economic Theory

 

VII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Econ600

International Economics

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Econ 510

Economy in the Short and Long Run

4+2

7

3.

Fin 520

Fiscal and Monetary Policy

4+2

7

4.

Fin 540

Investment Management

4+2

7

5.

Fin 500

Financial Markets and Institutions

4+2

7

Total:

 

30

VIII Semester

No.

Code

Course

No. of classes (weekly)

ECTS

1.

Fin 510

International Business Finances

4+2

9

Elective courses – three (3) are chosen from the suggested courses:

2.

Econ 520

Economics with Calculus

4+2

6

3.

Econ 530

Econometrics

4+2

6

4.

Econ 500

Research methods in Economics

4+2

6

5.

Hr 500

Human Resources Management

4+2

6

 

 

Graduation Thesis

 

3

Total:

 

30

 

4th academic year: module Economic Theory -  total of 60 ECTS

 

 

 

A list of free elective courses

No.

Courses

1.

Financing Local and Regional Development

2.

Managerial Economics

3.

Project Management

4.

Small Business Development

5.

Sustainable Marketing

6.

Economics of Regional Integrations