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Enrolment of students

"The Integrated Business Faculty" (IBF) has a policy of free admission which includes willingness to provide a place for each candidate who meets the requirements to be included in the academic program.


Undergraduate Studies

Eligibility for enrolment
Applicants who are enrolled at the IBF undergraduate studies should meet the following terms:

  • A four year secondary education recognized / validated diploma in the Republic of Macedonia.
  • Passed high school graduation exam, state graduation exam or final exam for those who have completed a professional high school.

Applicants who have completed four years high school or adequate education abroad are eligible to enrol upon validation of the diploma by the Ministry of Education and Science of Republic of Macedonia

Transfer of students from other local and foreign universities is done on the basis of submitted transcripts and curricula.

Candidates enrol as full-time and part-time students with self-financing of the studies.

Enrolment documents

  1. Completed application (available at this web site or at the Student’s office)
  2. Original transcript of secondary education (for students who have completed secondary education before 2008 or outside the Republic of Macedonia) and copy with notary certification
  3. Graduation diploma for candidates who have completed secondary education in 2008.2009, 2010 and 2011 and a copy with notary certification.
  4. Original transcripts and copies with notary certification.
  5. Birth certificate and copy.
  6. One picture 6x9.
  7. Certificate of full-time employment and a copy of Form M1/M2 or medical certificate for part-time study (documentation supplied by part-time students).

 

Specialized professional studies

Eligibility for enrolment
Candidates admitted to the specialist professional studies of IBF should meet the following terms:

  • completed undergraduate studies with 180 credits

Applicants who have completed undergraduate studies outside the Republic of Macedonia are eligible to enrol upon validation of the diploma by the Ministry of Education and Science of Republic of Macedonia.
Candidates are enrolled with self-financing of studies.
Enrolment documents

  1. Completed application (available at this web site or at the Student’s office)
  2. Original diploma for undergraduate studies and completed copy with notary certification
  3. Original certificate and a copy with notary certification.
  4. Birth certificate and copy.
One picture 6x9.

What is business economics and why study at Intergrated Business Faculty

To understand what is business economics and why to study business economics, we will first try to clarify four fundamental terms of economic science:

• scarcity,
• resources
• use of alternative resources and
• economic compromise

What is scarcity?
Scarcity simply means that people want more than what is available, or when something is rare and not in sufficient quantities to fully satisfy one's desire or need.
We want more than we have at the moment. Consumers want more clothes, comfortable homes and better cars, but their national budgets can not withstand it. Businessmen (the companies) want to spend more on ads and introduce modern production machinery, but their budgets do not allow it. The same applies to the state which usually wants to spend more than it collected through taxes. So, we all want to buy more than we have available money. Therefore, with the money that we have, we need to decide what to buy. Hence, we can say that business economics, similar to the general economy, is a science of choice. Its aim is to meet the highest level of customer satisfaction, and the highest level of firm’s profitability.

What are resources?
Resources are factors of production (means of production) which firms use to produce goods and services. Resources are: land, labor force including skills and abilities of workers, machinery, buildings, raw materials, money etc.).

What is alternative use?
Not only scarcity, but also alternative use is also in the centre of the business economics. If each resources had only one use than things would be simple. However, water for example, can be used for production of juices as well as ice-cream, and many other products. The same holds true for other resources: human resources, forests, oil, iron, etc. The main issue that each firm should ask is: What amount of resources should be allocated for each use? Every firm does that in this way or another, successfully or unsuccessfully. To do that successfully is the objective of the business economics.

Why study business economics at the Integrated Business Faculty?
Because the study of individual scientific disciplines is integrated at IBF that is business economics, in addition to the study of certain subjects is taught through the simulation of complex economic reality, with multidimensional combination of various aspects of business. The uniqueness of this integrated approach is due to the fact that it is the only one applied in the country, thus enabling students, upon graduation, to fit into everyday business activities at the workplace. This is proven by:
- High rate of employment (80%) of our graduates,
- High grades for students’ knowledge and responsibility by companies where internship was conducted.

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