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Programme:

Management

Study Cycle: Second Cycle (Postgraduate)
Faculty: Business and Economics
Programme Code: N-MBAMAN120C
Academic year: 2017 / 2018
Title: Master of Economic Sciences - Field: Management
ECTS: 120 (2 years) Accrediation

Program’s aims are:
- Raising the level of management and supervision of enterprises and development of contemporary management;
- Training and developing of contemporary profile managers: entrepreneurs, prepared to take actions, as well as risks related to any initiative, flexible, determined and courageous individuals;
- Education of highly-qualified and professional managers with leadership abilities and desire to face the risks of the new millennium;
- Creation of managers with new perspectives and way of reasoning, developing of skills for predicting the future and taking the risks and possibilities that emerge in the business of the 21st century.

Upon successful completion of the program students will be able:
- To work individually and in groups on research methods that are more relevant for meeting the needs of the population,
- To elaborate the differences and needs of the community, in professional and scientific terms.
- To actively participate in creating macroeconomic and microeconomic policy.
- To be inform and to contribute in scientific and professional elaborations.

Knowledge and understanding

- Calculation of basic macroeconomic aggregates and critical analysis of current macroeconomic policies.
- Providing a critical review of development policies and their application in national economy.

Applying knowledge and understanding

- The ability to diagnose the actual market developments, predict the tendencies of these developments and analyze the effects of measures of economic policy on market movements.

Making judgement

- Able to be involved in the position of leaders in profitable and unprofitable organizations in the country and around the world.
- Analysis of the general processes of economic development in the world and especially the processes of transition, regionalization and globalization of world economic trends.

Communication skills

- Allow the development of personal skills, communication, research and other important skills needed for employment.
- Allowing students to actively engage in teaching and to conduct independent research in all areas of business and economics.

Learning skills

- Develop the concept of critical thinking of the students.
- Allowing the acquisition of research skills and experience of management, marketing and public finance, in private and nonprofit organizations.

Semester 1

  • [MCBA1018] [6 ECTS] Finances for Managers
    The course aims to provide students theoretical and practical knowledge in the field of finance management of businesses entities. The course provides students (potential managers) sufficient familiarity with the financial information in order to enable analysis and interpretation of financial data in any investment and financial decisions. The course also aims to enable students to develop skills for evaluating the business entity and managing various forms of financing of business activities as well as prediction and decision making about investing now and in the future.
  • [MCBA1011] [6 ECTS] Advanced Economics
    The course is composed of two parts: microeconomics and macroeconomics. Within the frames of macroeconomics the consumer behaviour under existential conditions of budget restrictions and its target function are studied- utility maximization, as well as the enterprise behaviour within different market structures and their target function- profit maximization. In microeconomics, the factors of production and their prices, as well as the role of the state in regulating the businesses and the domains of market failure are also dealt with. Macroeconomics is concerned with the functioning of economics as a whole. In this context, the attention is focused on the most important macroeconomic concepts: gross domestic product, inflation, unemployment, savings, investments, rate of exchange etc. Special attention is dedicated to the factors that derange the macroeconomic balance, both in long and short terms, as well as the nature and character of the key macroeconomic policies which strive for approaching the movement of the factual gross domestic product, as much as possible, to the movement of the potential gross domestic product.
  • [MCBA1019] [6 ECTS] Advanced Strategic Management
    The main purpose of the course in the post graduated studies is that students can deepen their knowledge in the field of strategic management through concrete analysis of cases in Republic of Macedonia and worldwide. The course goal in this direction is to be processed/analyzed in a more detailed way all of the relevant topics on the strategic management field and the same to come alive with practice examples from different organizations.
  • [6 ECTS] Elective course
    • [EMBA1015] Applied Statistics
    • [EIER2030] Export Strategies and Competition Policy
    • [EMBA01] Advanced Marketing Management
    • [EMBA2020] Органзациско одесување
    • [ECMBA30] Total Quality Management
    • [CMBA1024] Corporate Management
    • [EMAR0105] Product Management and Design
    • [EFIN0107] Management Information Systems
    • [EFIN0109] International Business
  • [6 ECTS] Free elective course
    • [MFE01] Rhetoric
    • [MFE02] Multilingualism and multiculturalism
    • [MFE03] Selected Advanced Topics in IT Applications for Preparing a Scientific Paper
    • [MFE04] Selected Advanced Topics in Applications for Statistical Data Processing
    • [MFE05] Professional Communication
    • [MFE09] Labor Market
    • [MFE08] Methodology of Teaching
    • [MFE10] Philosophy of Social Sciences
    • [MFE11] Project Management
    • [MFE12] Optimization Methods
    • [MFE13] Ethical and Legal Issues in Information Technology (IT)
    • [MFE14] Protection of Human Rights

Semester 2

  • [MCBA1025] [6 ECTS] Management and Leadership
    This course is will prepare students for the challenges that will face them in the course of their working life, especially if they are on a certain managerial position. Within the course frames students will acquire general knowledge on management, as well as about the importance and role of leadership in managing the contemporary enterprises separately. This implies that the course will be divided into two parts. Within the frames of the first part students will be introduced to the general theoretical frames of management. Thus, attention will be given to the historical development of management, the management process that is the main managerial functions, as well as the contemporary trends in the development of management. Within the second part, the course will introduce students to the nature of leadership. Thus, apart from the rest, the leadership theories, as well as the role of leaders in the overall enterprise management will be covered.
  • [EMBA1021] [6 ECTS] Game Theory
    This course aims to improve the student strategic decision-making ability in competitive situations in which the student evaluation of the outcome of an action depends not only on the choices made by the student, but also on the choices made by others. The course concentrates on an analytic method derived from game theory, which provides a rigorous analytic framework for structuring competitive situations, identifying the alternatives, and choosing among them. The basic approach will be to break the complexity down into pieces, use game theory tools to analyze the pieces, and then reassemble the pieces into a logically coherent understanding. The goal is to become better strategic decision makers when faced with competitive challenges. The main objectives will be to use game theory concepts and tools to identify, diagnose and analyze competitive challenges facing firms in dynamic industries and apply game theory concepts and tools to develop strategies for competitive advantage. All of this will be done by analyzing different games.
  • [MCMG2021] [6 ECTS] Human Resources Management
    Within the course students will be introduced to the unity of the process of managing human resources in an enterprise. Thus, they will acquire wider knowledge for every phase of the human resources management process starting with the analysis of the working positions and perceiving the needs for changes in the structure of the human resources within the enterprise, through recruitment and selection of candidates, to introducing the employees in the working place, their reward and motivation and naturally their retirement or premature sacking.
  • [6 ECTS] Elective course
    • [EMBA1015] Applied Statistics
    • [EIER2030] Export Strategies and Competition Policy
    • [EMBA01] Advanced Marketing Management
    • [EMBA2020] Органзациско одесување
    • [ECMBA30] Total Quality Management
    • [CMBA1024] Corporate Management
    • [EMAR0105] Product Management and Design
    • [EFIN0107] Management Information Systems
    • [EFIN0109] International Business
  • [6 ECTS] Free elective course
    • [MFE01] Rhetoric
    • [MFE02] Multilingualism and multiculturalism
    • [MFE03] Selected Advanced Topics in IT Applications for Preparing a Scientific Paper
    • [MFE04] Selected Advanced Topics in Applications for Statistical Data Processing
    • [MFE05] Professional Communication
    • [MFE09] Labor Market
    • [MFE08] Methodology of Teaching
    • [MFE10] Philosophy of Social Sciences
    • [MFE11] Project Management
    • [MFE12] Optimization Methods
    • [MFE13] Ethical and Legal Issues in Information Technology (IT)
    • [MFE14] Protection of Human Rights

Semester 3

  • [BE0101] [6 ECTS] Research Methodology
    The course focuses on a wide range of research methods that may be utilized within the frames of all social sciences. Attention is paid to the quantitative as well as qualitative research methods. The course is aimed at individuals who are in need of conducting social research as a part of their academic studies.
  • [MCMG3021] [6 ECTS] Small Business Management and Entrepreneurship
    Considering the fact that small and medium businesses are most common in the overall business number, the course elaborates the importance, essence, the method of functioning, the organization forms of the small businesses in the economy. Within the course frames the crucial role of the small business in the overall economy, the basic distinctions between small and large businesses, the method of business plan preparation for the small and middle businesses, the organization of small and middle businesses, possible financing sources for these businesses, traps, success and failures of the small and middle businesses, their ethical operating and social responsibility, as well as the close relationship between entrepreneurship and small and middle businesses are emphasized.
  • [MCMG3022] [6 ECTS] Operational Management
    The purpose of this course is for students to gain knowledge and be able: - To prepare and to make decisions that produce production and services. - To prepare and make decisions that control their production and services. - To find a suitable approach for solving any situation related to the complex issue of production and services. - To learn about various activities of the organization and functioning of the entire system of the operation management. - To prepare and make decisions that creates conditions for production and services.
  • [6 ECTS] Elective course
    • [EMBA1015] Applied Statistics
    • [EIER2030] Export Strategies and Competition Policy
    • [EMBA01] Advanced Marketing Management
    • [EMBA2020] Органзациско одесување
    • [ECMBA30] Total Quality Management
    • [CMBA1024] Corporate Management
    • [EMAR0105] Product Management and Design
    • [EFIN0107] Management Information Systems
    • [EFIN0109] International Business
  • [6 ECTS] Elective course
    • [EMBA1015] Applied Statistics
    • [EIER2030] Export Strategies and Competition Policy
    • [EMBA01] Advanced Marketing Management
    • [EMBA2020] Органзациско одесување
    • [ECMBA30] Total Quality Management
    • [CMBA1024] Corporate Management
    • [EMAR0105] Product Management and Design
    • [EFIN0107] Management Information Systems
    • [EFIN0109] International Business

Semester 4

  • [BE-THESIS-120] [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: Management
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