Semester 1

• [C2012] [10 ECTS] Quantitative Research Methods
  The course will focus on quantitative research methods rather than on research philosophy. It will cover the research quantitative method and the research techniques used in economics science. Therefore, the objective of the course is to teach students how to conduct research and use the appropriate research methods for that purpose. Furthermore, the course is designed for individuals who may need to conduct social science research as part of their academic studies or professional responsibilities. Consequently, the course will provide students with the tools that will increase the probability that they will successfully complete their thesis research in a timely fashion. In addition, the course will enable students to acquire sufficient knowledge of analytical tools and techniques and become more sophisticated consumers of social science research (i.e., the literature in economics, finance, management, and marketing in this context).
• [C2013] [10 ECTS] General Economics and Theory
  The objective of this course is the make the students aware of the advanced principles of economics and also the contemporary issues. This course will help the student in deciding their area of research interest. Specifically, the aims of the General Economics and Theory course are to enable students to: - develop an understanding of microeconomic and macroeconomic theories and concepts and their real-world application; - develop an appreciation of the impact on individuals and societies of economic interactions between nations; - develop an awareness of development issues facing nations as they undergo the process of change.
• [C2014] [10 ECTS] Behavioral Environmental Economics
  The course aims to provide understanding of topics in environmental and resource economics from a behavioral economics perspective. In more detail the learning outcomes are to gain: -Background about the behavioral economics, relevant theoretical advances, behavioral biases, experimental methods. -General overview of the “non-behavioral economics”: existing policy tools, theoretical models in brief. -An in-depth understanding of the adaptation and mitigation strategies under ambiguity using public goods games, weakest-link public goods game and coordination game. -An in-depth understanding of the cooperation in (dynamic) coordination games, auction mechanisms, provision of environmental conversation by means of payments for ecosystem services, technology adaptation subsidies and the role of leadership. Focus will be on instruments that can be used to improve coordination and cooperation. -Behavioral Economics approach to Sustainability -Students will have the knowledge of how to connect behavioral economics and environmental economics. -Students will be able to analyze and describe the related literature i.e., the environmental economics studies using behavioral perspective.

Semester 2

• [DBE0105] [10 ECTS] Review and Approval of the Doctoral Dissertation Plan
  After the first semester, the student begins his activities for the development of the plan on his doctoral dissertation. Activities include the definition of literature, defining hypothetical framework, the definition of the work methodology and determination of the individual plan as well as the first public presentation. If necessary, can be held elective courses for this purpose.
• [10 ECTS] Elective course
  • [EDEC0101] Advanced Econometrics
    This course will introduce students to modern econometric methods and practical application of these methods using RATS and Matlab. The course will include four parts: the first part includes questions of statistical mathematics, statistical findings and theory maximum likelihood, the second part includes questions linear models as simple and multiple linear regression, instrumental variables, the third section includes non-linear models such as nonlinear methods smallest squares and generalized method, the fourth part includes time series as stationary and stochastic process ARIMA (p, d, q) model and vector avtoregresionen model (VAR).
  • [EDEC0102] Monetary Economy
    Content of the course program: - Theory of credit forms and structure of interest rates - Financial instruments and financial markets - Creating money and money supply - Money demand and the relationship with the real sector, - Monetary analysis and monetary policy making, - Creating money and inflation, - The exchange rate and the impact on the economy, - Macedonia-monetary system and the implementation of monetary models, - Monetary policy convergence - International monetary relations and the impact on the national economy, - EMU European Monetary Union - challenges and perspectives - International monetary systems and institutions-the IMF, WB, EBRD, IFC, etc.
  • [EDEC0103] Public Finances
    Content of the course program: - The essence and importance of public finance; - Ideological (theoretical) aspects of public finance; "Size" of government in terms of public finances; - Economics of the Public Sector; - Alocational function; - Redistributive function; - State regulation of the public sector; - Externalities and species; - Positive analysis of public finances; - The role of theory; - Methods of empirical analysis (interviews, experiments, and econometric studies); - Normative Analysis of Public Finance - Walfare economy; - Economy typical exchange; - Production Economy; - Public revenue and public expenditure, comparative aspects of the tax system; - Tax effects in respect of: Effectiveness, Distribution, Stability and Development, Personal interests of the public service; - Poverty, social protection, social security and health care; - Redistribution of public revenues; - Social Security Programs; - Welfare Programs; - Health Care Programs; - Other public programs financed by public revenues; - Comparative aspects, trends and problems; - Analysis of cases in public expenditure policy: Education, Health, Social protection. - Methods of measurement and so on.
  • [EDEC0104] International Economics
    International Еconomics is a scientific discipline that is in constant expansion. Today's financial markets are in a real sense global. No student who studied economics and finance can not fully understand contemporary developments in national economies and the world economy without appropriate knowledge of international finance. The topics covered in this subject - the issue of the balance-of-balance movements, exchange rate determinants, factors behind international capital flows, the working philosophy of multinational companies and international financial institutions, etc. are not subject to interest only to small groups of academic economists or specialized professionals.
  • [EDEC0105] International Finances
    International Еconomics is a scientific discipline that is in constant expansion. Today's financial markets are in a real sense global. No student who studied economics and finance can not fully understand contemporary developments in national economies and the world economy without appropriate knowledge of international finance. The topics covered in this subject - the issue of the balance-of-balance movements, exchange rate determinants, factors behind international capital flows, the working philosophy of multinational companies and international financial institutions, etc. are not subject to interest only to small groups of academic economists or specialized professionals.
  • [DEC0101] Financial Economics
    The course aims at developing the students’ competence to: - Value the contribution of different economic theories on economic growth and development; - Utilize investment, portfolio and corporate finance theory; - Determine the impact of financial markets on the economy; - Comprehend and practically apply asset valuation techniques; - Evaluate capital structures, financing costs and use capital budgeting methods; - Apply and critically asses capital market oriented models in finance; - Understand the effects of the economic crisis on the real sector and macroeconomics climate.
  • [E2796] Development Economics and Political Economy
    Aims of the course program: Building a foundation for thinking about the role of political economy in understanding economic development. Understanding some core theoretical concepts in political economy, with illustrations from developing countries whenever possible. Understanding empirical evidence in economics. What makes a good empirical study? How do we learn about the world empirically? What are some of the techniques we can use to better understand the world?
  • [E2497] Labour Economics and Industrial Relations
    The main objective of the course "Labor of Economics" is to provide students with basic knowledge in the field of labor market theory and the mechanism of its operation in the market economy. The course "Labor of Economics" has as its mission to offer and teach students the main categories, laws and principles by which the labor market functions. It provides a detailed account of the behavior and role played by the main agents of the labor market: individuals, firms and government. The analysis is based on the two basic categories of job demand and job supply, which find application in almost all topics covered in this course. The knowledge gained by the students in this course serves as a basic theoretical basis necessary to understand and understand the different theories and policies that are applied in the labor market. The course aims for students to understand how different labor markets distribute and efficiently use the rare factor of production: labor. Also, the course aims to link the labor market in relation to the industry.
• [10 ECTS] Elective course
  • [EDEC0101] Advanced Econometrics
    This course will introduce students to modern econometric methods and practical application of these methods using RATS and Matlab. The course will include four parts: the first part includes questions of statistical mathematics, statistical findings and theory maximum likelihood, the second part includes questions linear models as simple and multiple linear regression, instrumental variables, the third section includes non-linear models such as nonlinear methods smallest squares and generalized method, the fourth part includes time series as stationary and stochastic process ARIMA (p, d, q) model and vector avtoregresionen model (VAR).
  • [EDEC0102] Monetary Economy
    Content of the course program: - Theory of credit forms and structure of interest rates - Financial instruments and financial markets - Creating money and money supply - Money demand and the relationship with the real sector, - Monetary analysis and monetary policy making, - Creating money and inflation, - The exchange rate and the impact on the economy, - Macedonia-monetary system and the implementation of monetary models, - Monetary policy convergence - International monetary relations and the impact on the national economy, - EMU European Monetary Union - challenges and perspectives - International monetary systems and institutions-the IMF, WB, EBRD, IFC, etc.
  • [EDEC0103] Public Finances
    Content of the course program: - The essence and importance of public finance; - Ideological (theoretical) aspects of public finance; "Size" of government in terms of public finances; - Economics of the Public Sector; - Alocational function; - Redistributive function; - State regulation of the public sector; - Externalities and species; - Positive analysis of public finances; - The role of theory; - Methods of empirical analysis (interviews, experiments, and econometric studies); - Normative Analysis of Public Finance - Walfare economy; - Economy typical exchange; - Production Economy; - Public revenue and public expenditure, comparative aspects of the tax system; - Tax effects in respect of: Effectiveness, Distribution, Stability and Development, Personal interests of the public service; - Poverty, social protection, social security and health care; - Redistribution of public revenues; - Social Security Programs; - Welfare Programs; - Health Care Programs; - Other public programs financed by public revenues; - Comparative aspects, trends and problems; - Analysis of cases in public expenditure policy: Education, Health, Social protection. - Methods of measurement and so on.
  • [EDEC0104] International Economics
    International Еconomics is a scientific discipline that is in constant expansion. Today's financial markets are in a real sense global. No student who studied economics and finance can not fully understand contemporary developments in national economies and the world economy without appropriate knowledge of international finance. The topics covered in this subject - the issue of the balance-of-balance movements, exchange rate determinants, factors behind international capital flows, the working philosophy of multinational companies and international financial institutions, etc. are not subject to interest only to small groups of academic economists or specialized professionals.
  • [EDEC0105] International Finances
    International Еconomics is a scientific discipline that is in constant expansion. Today's financial markets are in a real sense global. No student who studied economics and finance can not fully understand contemporary developments in national economies and the world economy without appropriate knowledge of international finance. The topics covered in this subject - the issue of the balance-of-balance movements, exchange rate determinants, factors behind international capital flows, the working philosophy of multinational companies and international financial institutions, etc. are not subject to interest only to small groups of academic economists or specialized professionals.
  • [E2796] Development Economics and Political Economy
    Aims of the course program: Building a foundation for thinking about the role of political economy in understanding economic development. Understanding some core theoretical concepts in political economy, with illustrations from developing countries whenever possible. Understanding empirical evidence in economics. What makes a good empirical study? How do we learn about the world empirically? What are some of the techniques we can use to better understand the world?
  • [E2497] Labour Economics and Industrial Relations
    The main objective of the course "Labor of Economics" is to provide students with basic knowledge in the field of labor market theory and the mechanism of its operation in the market economy. The course "Labor of Economics" has as its mission to offer and teach students the main categories, laws and principles by which the labor market functions. It provides a detailed account of the behavior and role played by the main agents of the labor market: individuals, firms and government. The analysis is based on the two basic categories of job demand and job supply, which find application in almost all topics covered in this course. The knowledge gained by the students in this course serves as a basic theoretical basis necessary to understand and understand the different theories and policies that are applied in the labor market. The course aims for students to understand how different labor markets distribute and efficiently use the rare factor of production: labor. Also, the course aims to link the labor market in relation to the industry.
  • [DEC0101] Financial Economics
    The course aims at developing the students’ competence to: - Value the contribution of different economic theories on economic growth and development; - Utilize investment, portfolio and corporate finance theory; - Determine the impact of financial markets on the economy; - Comprehend and practically apply asset valuation techniques; - Evaluate capital structures, financing costs and use capital budgeting methods; - Apply and critically asses capital market oriented models in finance; - Understand the effects of the economic crisis on the real sector and macroeconomics climate.

Semester 3/4

• [PHD-S3-S4-01] [40 ECTS] Scientific Research Work
  In the second year (semester 3 and 4) the candidate continues with research activity by approved individual plan. Mentor provides assessment on these activities in the form of a report to the Scientific-Teaching Council of the Faculty.
• [PHD-S3-S4-02] [15 ECTS] Publications I
  Publication of research activities under the table relevant to the media for publication. Publication activities and successes of the candidate checked before scientific audience by area and the relevance of the research.
• [C2016] [5 ECTS] Student Mobility
  During the fourth semester the student is obliged to visit and contribute to a relevant institution abroad for a period of at least one week. The aim of PhD students’ mobility is to request candidates to present, exchange and discuss their research work with their colleagues from other countries for improving the quality of their dissertation. For the realization of mobility, the student brings evidence to the mentor.

Semester 5

• [DBE0104] [20 ECTS] Presentation of Research Results
  At the end of the 5th semester, after the research activities under the individual plan, overall results of this phase of the paper and the research will be presented publicly by the candidate.
• [PHD-S5-01] [10 ECTS] Publications II
  Publication of research activities under the table relevant to the media for publication. Publication activities and successes of the candidate checked before scientific audience by area and the relevance of the research.

Semester 6

• [EC-PhD-THESIS] [30 ECTS] Doctoral Dissertation
  Continuing the work of doctoral dissertation. Submitted thesis (dissertation), accepted by the Scientific-Teaching Council of the Faculty and submitted to committee members and begin the procedure of public defense.