Semester 1

• [10 ECTS] Research Methodology and Quantitative Methods in Business and Economics
  This course introduces students to problems in econometrics, including the choice specifications and functional forms, prevention of abuse of the assumptions of the classical linear model, the elements of probability and statistics Econometrics, intuition and theoretical estimate regresion models with one or more variables, performance of original empirical research, extension of the general linear model, the structure of the dynamic model and evaluation of variables with limited depending, and others. This course is also designed for students who are preparing their project doctoral thesis. A main goal of this matter is to offer students tools for the conceptualization of their thesis regarding finding the research question and the creation of data collection methods of quality analysis. The course is focused on problems of quantative methods and techniques, such as statistical analysis, texts related to theory and testing of hypothesis. Also important topics for descriptive and causal inference, longitudinal comparative research and case study. Advanced information data collection will be offered for working with text.
• [10 ECTS] Theory of Organization - Multidiciplinary Access
  The course will provide students with a thorough introduction to the classical and contemporary theories in this area. This subject will be treated in classical sociological theory, organizational economics, institutional theory, networking and ecological theory. Also in this case will be considered the following contents: behavioral theory of organizational decision-making, implementation and learning, social construction process, forms of organization, organizational design and complexity, organizational culture and control, organizational independence and strength, organizational goals and efficiency, organization and information technology processes and guidelines in the organization, inter-organisational connections and networks, new and old institutional theories, the development of so-called organizational ecology, the process of organizational change, institutional change and social movements and others. Within this, students will gain knowledge of the organization as a system analysis.
• [10 ECTS] Marketing Management - Advanced Level
  This course describes how the company will achieve its marketing objectives by identifying the target market using marketing strategies to successfully serve your target market. Customer value is considered as a factor to formulate and placing it in a detailed marketing mix, i.e. product, price, place or distribution and promotion, as well as an action plan. Decisions include what the company wants as its customers, clients need to meet, what products and services to offer, what price to ask, what communications, distribution channels to be used, and what partnerships to develop. In making decisions, companies can be influenced by uncontrollable factors, such as political, economic, social, legal, technology, demographic factors and competition.

Semester 2

• [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 1
  • 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).
  • 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.
  • 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.
  • 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.
  • 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.
• [10 ECTS] Elective course2
  • 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).
  • 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.
  • 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.
  • 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.
  • 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.

Semester 3/4

• [40 ECTS] Scientific Research Work
  In the second year (semester 3 and 4) the candidate continues his research activity according approved individual plan. Mentor provides estimates in connection with these activities.
• [20 ECTS] Publications I
  Publication research activities according to the criteria of relevance publishing medium. Publishing activities and successes candidate is checked before scientific audience - and relevance of the research area.

Semester 5

• [20 ECTS] Presentation of Research Results
  At the end of the 5th semester, after the research activities of the individual plan, the candidate will present publicly the overall results of this phase of labor and research.
• [10 ECTS] Publications II
  Publication research activities according to the criteria of relevance publishing medium. Publishing activities and successes candidate is checked before scientific audience - and relevance of the research area.

Semester 6

• [30 ECTS] Doctoral Thesis
  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 defence.