Semester 1

• [6 ECTS] Research Methodology
  Quantitative and qualitative methods of study and their application in studies of economics and businesses’ surveys and their analysis, case studies, regression analysis, using stati software such as SPSS and Microfit.
• [6 ECTS] Entrepreneurship
  The theory of entrepreneurship and the role of entrepreneurship from Schumpeter up to modern times, entrepreneurship and SMEs, the importance of entrepreneurship for economic development and employment, features, profiles of entrepreneurship, entrepreneurship in transition economies, entrepreneurship and innovation, the circle of business and entrepreneurship.
• [6 ECTS] EU and International Business Laws and Regulations
  Relevance of legal siege for new companies, economic rights and EU regulations (competition, regulation, social policy and labor force, intellectual property rights), topics on international business law.
• [6 ECTS] Free elective course 1

  Free Elective Courses

  • Rethoric
    During its long history of 2500 years, Rhetoric was used to indicate many different things; but Rhetoric nowadays is considered as the art of persuasion through language. Rhetoric marks the way that an individual is linked to a particular theme or idea in order to convince the other. Rhetoric is characterized by several distinguishing features.
  • Multilingualism and multiculturalism
    The purpose of this subject will be multilingualism in multicultural societies as a social phenomenon. This phenomenon is massive in the world. During the lectures, more precise terms such as monoculturalism and multiculturalism will be considered. The term ‘linguistic nationalism’ has at least two forms of this nationalism, which collide with each other: for the leaders of the most powerful countries nationalism means expansion, and for minorities it takes the form of defiance and struggle for the affirmation of identity, despite such pressure. The emphasis during the program will be multiculturalism in education. In the schools curricula consists of contents from different cultures.
  • Selected Chapters of Advanced Topics in IT Applications for Preparing a Scientific Paper
    The aim of this subject is: * To display the technical elements, the structure of the text and deign of a scientific research. * To enable students to acquire advanced knowledge and skills from selected advanced chapters of IT applications that will be needed in preparation of the scientific and research paper. * Practical application of these objectives in preparing student’s individual research paper.
  • Selected Chapters of Advanced Applications for Statistical Data Processing
    The aim of this subject is: * To display the technical elements in the field of statistics: organizing, processing, comparing through analysis and publication of data. * To enable students to acquire advanced knowledge and skills from selected advanced chapters of the applications for statistical data processing. * Practical application of these objectives in statistical processing of data obtained from questionnaires, reports, scientific studies and other documents.
  • Professional Communication
    The course is focused on the development of those communication skills that are essential for effective functioning in the professional world. Students will study the process for analysis of different communication situations, and will accordingly comprehend them. Among the themes that will be covered are communication in organization, interpersonal and group communication, oral presentations, interviews for employment, professional business letters and interpersonal skills including group dynamics and teamwork.
  • Methodology of Teaching
    The aim of the course is to introduce the students to the basic teaching approaches and methods. They are expected to gain knowledge and skills in order to be able to apply the active educational tools. The course also offers development, learning and teaching as concepts and basic practices that allow teachers to teach about the development of thinking. Throughout this course, students will gain both theoretical background and entirety of strategies that will enable them to reflect and develop both their own and their students` critical thinking.
• [6 ECTS] Elective course 1
  • Managerial Economics
    Application of macroeconomic principles to the problems of management: demand, costs, pricing policies, optimum, market structure and impact on governmental actions.
  • Macroeconomics of the Business Environment and SMEs
    The role of macroeconomic environment, government macroeconomic policies, general business circles (including legal and institutional frameworks), regulation and financial institutions for the development of SMEs, with special emphasis on transition economies.
  • EU Integration and SME Development
    The process of European integration, economic integration theory, static and dynamic effects of integration, unique markets of goods, services and factors, European Union enlargement and its impact on flows and future member countries, the European Chamber of SMEs, the impact of EU integration to SMEs.

Semester 2

• [6 ECTS] Management Information Systems
  In this course will be included topics from the fields of acquisition, processing and use of information by enterprises. It will include information technologies, but only in terms of their role in processing the information of enterprise, respectively, support the process of managing the information. Attention will be paid to these aspects: access to management information systems, basic types of management information systems, information technology and management information systems, building management information systems in the enterprise.
• [6 ECTS] Economics in Transition and Development
  Review of theories and models for economic development, the major problems in economic development policies: poverty, inequality, low growth, migration, human capital development, curcling, main problems which arise in the transition economies and their interaction with problems in developing.
• [6 ECTS] Local Economic Development and South East European Countries with special accent in RM
  Research оf the problems on local economic development in the countries of South Eastern Europe, the role of institutions, the creation of the supply chain, clusters and other tools for LED, unemployment and the legacy of socialism and its impact, human capital.
• [6 ECTS] Free elective course 2

  Free Elective Courses

  • Rethoric
    During its long history of 2500 years, Rhetoric was used to indicate many different things; but Rhetoric nowadays is considered as the art of persuasion through language. Rhetoric marks the way that an individual is linked to a particular theme or idea in order to convince the other. Rhetoric is characterized by several distinguishing features.
  • Multilingualism and multiculturalism
    The purpose of this subject will be multilingualism in multicultural societies as a social phenomenon. This phenomenon is massive in the world. During the lectures, more precise terms such as monoculturalism and multiculturalism will be considered. The term ‘linguistic nationalism’ has at least two forms of this nationalism, which collide with each other: for the leaders of the most powerful countries nationalism means expansion, and for minorities it takes the form of defiance and struggle for the affirmation of identity, despite such pressure. The emphasis during the program will be multiculturalism in education. In the schools curricula consists of contents from different cultures.
  • Selected Chapters of Advanced Topics in IT Applications for Preparing a Scientific Paper
    The aim of this subject is: * To display the technical elements, the structure of the text and deign of a scientific research. * To enable students to acquire advanced knowledge and skills from selected advanced chapters of IT applications that will be needed in preparation of the scientific and research paper. * Practical application of these objectives in preparing student’s individual research paper.
  • Selected Chapters of Advanced Applications for Statistical Data Processing
    The aim of this subject is: * To display the technical elements in the field of statistics: organizing, processing, comparing through analysis and publication of data. * To enable students to acquire advanced knowledge and skills from selected advanced chapters of the applications for statistical data processing. * Practical application of these objectives in statistical processing of data obtained from questionnaires, reports, scientific studies and other documents.
  • Professional Communication
    The course is focused on the development of those communication skills that are essential for effective functioning in the professional world. Students will study the process for analysis of different communication situations, and will accordingly comprehend them. Among the themes that will be covered are communication in organization, interpersonal and group communication, oral presentations, interviews for employment, professional business letters and interpersonal skills including group dynamics and teamwork.
  • Methodology of Teaching
    The aim of the course is to introduce the students to the basic teaching approaches and methods. They are expected to gain knowledge and skills in order to be able to apply the active educational tools. The course also offers development, learning and teaching as concepts and basic practices that allow teachers to teach about the development of thinking. Throughout this course, students will gain both theoretical background and entirety of strategies that will enable them to reflect and develop both their own and their students` critical thinking.
• [6 ECTS] Elective course 2
  • Managerial Economics
    Application of macroeconomic principles to the problems of management: demand, costs, pricing policies, optimum, market structure and impact on governmental actions.
  • Macroeconomics of the Business Environment and SMEs
    The role of macroeconomic environment, government macroeconomic policies, general business circles (including legal and institutional frameworks), regulation and financial institutions for the development of SMEs, with special emphasis on transition economies.
  • EU Integration and SME Development
    The process of European integration, economic integration theory, static and dynamic effects of integration, unique markets of goods, services and factors, European Union enlargement and its impact on flows and future member countries, the European Chamber of SMEs, the impact of EU integration to SMEs.

Semester 3

• [6 ECTS] International Business
  The globalization of production and distribution, principles оf international economy, foreign direct investment, the impact on multinational companies to the enterprises, the World Trade Organization and its implications.
• [6 ECTS] Management of Small and Medium Enteprises
  Operations management, marketing, finance, human resources, electronic commerce in small business, research on the influence of the networks to the dynamics of the internationalization of small and medium enterprises.
• [6 ECTS] Active Policy of Labor Market and LED
  Analysis of unemployment in transition economies, active policies in the labor market, (creating new jobs, trainings, reducing the information asymmetry) and their potential impact.
• [6 ECTS] Elective course 3
  • Market Research for SMEs
    The role of marketing information, marketing research process, data source, collection and analysis of quantitative data, marketing research methods (surveys, questionnaires), presentation of results.
  • Marketing of Small and Medium Enterprises
    Applying marketing techniques to SMEs limited resources, utilization of modern technology, e-marketing, interactive marketing, mobile phones, SMS, web and e-mail, strategies and concepts of interactive marketing, new business models, and customer planning centers.
  • Business Ethics and Social Responsibility
    Perspective of business ethics, ethical business issues, ethical individual issues, corporations and ethical issues, corporate social responsibility, corporate management, globalization and ethics issues, ethical codes and standards.
  • Financial Accounting for SMEs
    The role of accounting and finance in small enterprises, the criteria for supply of capital, financial resources (financing through bank, initiatives of local/central government), understanding of financial reporting, business planning and cash management.
• [6 ECTS] Elective course 4
  • Market Research for SMEs
    The role of marketing information, marketing research process, data source, collection and analysis of quantitative data, marketing research methods (surveys, questionnaires), presentation of results.
  • Marketing of Small and Medium Enterprises
    Applying marketing techniques to SMEs limited resources, utilization of modern technology, e-marketing, interactive marketing, mobile phones, SMS, web and e-mail, strategies and concepts of interactive marketing, new business models, and customer planning centers.
  • Business Ethics and Social Responsibility
    Perspective of business ethics, ethical business issues, ethical individual issues, corporations and ethical issues, corporate social responsibility, corporate management, globalization and ethics issues, ethical codes and standards.
  • Financial Accounting for SMEs
    The role of accounting and finance in small enterprises, the criteria for supply of capital, financial resources (financing through bank, initiatives of local/central government), understanding of financial reporting, business planning and cash management.

Semester 4

• [30 ECTS] Master Thesis
  After passing examinations, the student may begin the procedure of filing, making and public defense of thesis topic. The student chooses the mentor, who gives him instructions for preparation of the application of master theses. The application must be granted by the Graduate Studies Educational Collegium and the Scientific and Academic Council of the Faculty. After preparing the final version of Masters Thesis, Academic-Scientific Council of Faculty forms a three-member committee, which prepares the report, which is may be accepted or rejected. The positive report is approved by the Academic-Scientific Council and it is set the date of public defense. After successfully defending the thesis, the student gains the degree - Master of Economic Sciences / Field: Entrepreneurship and Local Economic Development