Semester 1

• [C2638] [6 ECTS] Fundamentals of Economics and Business
  Objectives:  To understand the fundamental concepts of economics and business.  To develop the ability to analyze the relationship between economic factors and business decisions.  To enable students to use basic economic and business terminology.  To foster critical thinking and the ability to connect theory with real market practices. Upon completion of the course, the student will be able to:  Explain the fundamental concepts of economics and business.  Identify the factors influencing the functioning of markets and enterprises.  Apply basic knowledge to analyze simple economic and business situations.  Effectively communicate economic and business ideas.
• [C2639] [6 ECTS] Business Mathematics
  Course Objectives: - Students will be encouraged to actively participate in discussions and solve various tasks and problems related to mathematics. - Students will become familiar with the basic concepts of linear algebra and apply their knowledge through linear models in the fields of Energy, Economy and Environment. - Students will gain a solid understanding of arithmetic and geometric progressions and apply them to solve various problems in Energy, Economy and Environment. - Students will acquire sufficient knowledge in financial mathematics and apply it to the fields of Energy, Economy and Environment.
• [C2121] [3 ECTS] Business, Government and Society
  The subject aims to create, develop, and advance students’ knowledge in the field of relations between business, government institutions, and society. Through this subject, students will acquire basic and practical knowledge regarding: • the importance of BGS for future managers and professionals; • corporations and their stakeholders; • public affairs management and stakeholder relations; • business operations in a globalized world; • organizational ethics and responsibility; • the business–government relationship; • the role of technology and its impact on social and economic relations; • contemporary challenges in the interaction between economic development, governance, and public interest.
• [C2861] [3 ECTS] Business Communication
  The aim of this course is to introduce students to the fundamental principles of business communication and to develop their ability to communicate effectively in professional and organizational environments. The course focuses on improving verbal, non-verbal, written, and digital communication skills that are essential for collaboration, negotiation, and professional interaction in modern business organizations. After completing this course students will be able to: 1. Understand the principles and importance of business communication in organizations. 2. Apply verbal and non-verbal communication techniques in professional contexts. 3. Prepare clear and effective written business documents such as emails, reports, and memos. 4. Demonstrate effective communication skills in meetings, presentations, and negotiations. 5. Use digital communication tools appropriately in professional environments. 6. Communicate ideas clearly and professionally in multicultural and organizational settings.
• [C2640] [6 ECTS] Principles of Management
  The subject aims to acquaint students with the essence of management and create a base which will be supplemented by other managerial and organizational subjects that students will listen to during their study. This subject has several main purposes, including: Students understand and clarify key management concepts and theories. - To initiate critical thinking in the classroom. - To enable students to use the information gained to give assessments and construct arguments. - To develop students' communication skills. - To inform students about the management process and the tasks of the manager. - To inform students about the planning process. - To inform students with decision-making processes and models. - To acquaint students with the organization, including the division of labor and the breadth and depth of management. - Students should be able to apply in practice knowledge on individual-organizational relationships and various elements related to organizational behavior, including personality, behaviors and perceptions. - Students gain knowledge on motivation and motivation theories.
• [3 ECTS] Albanian/Macedonian Language
  • [BAM1010] Albanian Language for Beginners 1
    Albanian Language subject for beginners 1 and 2 is prepared with the purpose to enable the students, who do not have basic knowledge of the Albanian language, to get to know the characteristics of this language, to gain knowledge of the linguistic structure of the Albanian language, and to extend and apply their knowledge in everyday situations. Correspondingly, they will gain knowledge of the structure of the Albanian language; They will also acquire a modest set of various lexical and grammatical categories which will enable them cary out simple conversations.
  • [BAM2010] Albanian Language for Beginners 2
    Albanian Language course for beginners 1, 2 is prepared with the purpose to enable the students, who do not have basic knowledge of the Albanian language, to get to know the characteristics of this language, to gain knowledge of the linguistic structure of the Albanian language, and to extend and apply their knowledge in everyday situations. Correspondingly, they will gain knowledge of the structure of the Albanian language; they will also acquire a modest set of various lexical and grammatical categories which will enable them carry out simple conversations.
  • [BS018] Macedonian Language for Beginners 1
    The programme Macedonian Language for beginners 1: reading, writing, listening and speaking. Through special exercises and lectures introduction to basic communication in Macedonian language is provided, i.e. introducing, greeting, presentation, enriching vocabulary and write and understand short texts. When we created this program we took into the consideration that students can apply the acquired knowledge further. The material is processed under the principle of combined lectures and exercises, and continuous tasks through which students are actively involved during class and participate with their questions and suggestions.
  • [BS152] Macedonian Language for Beginners 2
    The programme Macedonian Language for beginners includes: reading, writing, listening and speaking activities. In this course the following issues are covered: daily routines, planning activities for the next period, description of persons, places and objects. When we created this program we took into the consideration that students can apply the acquired knowledge further.
  • [MLIL-01] Macedonian Language Intermediate Level 1
    The curriculum for Macedonian Language intermediate level 1 includes: reading, writing, listening and speaking through which the students: will enrich the vocabulary through appropriate texts for daily activities (in a bank, in a library, in a ministry, etc.) and will improve the skills for professional writing and speaking that are necessary for clear and effective communication in their further professional career. A special, continuous emphasis on the overall activity is placed on the linguistic elements, that is, on the spelling and grammar of the Macedonian standard language. Experts as one of the key elements for good written expression state the correct use of language.
  • [MLIL-02] Macedonian Language Intermediate Level 2
    The curriculum for Macedonian Language intermediate level 2 includes: reading, writing, listening and speaking. Special emphasis is placed on the development of students' communication skills, or the use of language in daily activities and professional context, enriching the vocabulary and acquiring knowledge about the structure and types of professional texts. Different communication styles will be covered, with the goal being for students to establish good communication with the audience through their texts and to attract and retain their attention.
  • [MAPP1010] Macedonian Language for Professional Purposes 1
    Upon completion of the course Macedonian for Professional Purposes 1, students are expected to broaden and strengthen their abilities for more advanced written and oral expression in Macedonian in the context of the different professional settings. Students are expected to be able to read, write and comprehend various professional texts in Macedonian. They are also expected to acquire knowledge and skills about the general terminology from the field of law, business and economy, administration, computer sciences, language and communication and to be able to use that terminology in the framework of their future professions. Besides accomplishing these professional aims, students are expected to become more autonomous language learners and be able to think critically about different topics in a multilingual and multicultural environment.
• [3 ECTS] English Language
  • [BEEN-01] Business English 1
    Students will be introduced to the language elements that are needed to understand and process the principles and concepts used in communication in a business/commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, such as and will improve their business communication skills along with future job search skills.
  • [BEEN-02] Business English 2
    Students will be introduced to the language elements needed to understand and refine the principles and concepts used in communication in a business /commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, as well as improve their business communication skills along with future job search skills.
  • [E2532] English Language 1
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2533] English Language 2
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2534] English Language 3
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about different phenomena including crime and natural disasters, invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material.By the end of this course students are expected to be at B1 level of the Common European Framework (CEF) . They should be able to ask and answer questions about university degrees, job skills and situations; invite and respond to invitations. Students should be able to ask about or describe family relationships and marital status and they should be able to recognize and use appropriately vocabulary related to degrees and university education, art, travelling and sport.
  • [E2535] English Language 4
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, environment finance, problems; ask and answer questions about university degrees, job skills and situations.They should be able to evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at B2 level of the Common European Framework (CEF); They are expected to be independent users of English language and to implement some of the following language functions: give advice; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations, read and listen for gist, detail and comprehension.
  • [E2536] English Language 5
    Academic English is a one semester course which aims to enable the students with skills which can facilitate their language learning and their study progress in an academic teaching and learning environment. The course should enable them to use those skills in both foreign language classroom as well as academic progress in content areas. The course incorporates language skills, study skills and generally applicable skills (listening, delivering oral presentations, constructing arguments) in specific assignments. Therefore, upon successful completion of the course, the students’ proficiency level should be at C1 according to Common European Framework. As a result, the students should be able to deliver successfully oral presentation, participate in an online debate/ discussion forum stating their opinion and arguments and give feedback to others in a constructive manner. In addition, the students should be able to listen and read for gist and detail and write an argumentative paragraph and essay stating their opinion. They should and write a problem solution paragraph and essay.They should be able to present visual information in a form of Power Point poster presentations. The students should be able to identify main ideas and supporting evidence in a text and to analyse and identify topic sentences in a paragraph. They should be able to identify a purpose of a text, patterns of organization in a text and apply them in their own writing.

Semester 2

• [C2120] [6 ECTS] Principles of Accounting
  The aim of the subject is to help students understand the essence of accounting; to learn the basic concepts and principles of accounting. In this regard, the subject aims to provide students with knowledge and understanding of financial statements, their items, basic rules to record accounting data, generally accepted accounting principles, etc.
• [C2641] [6 ECTS] Principles of Marketing
  This course offers students an overview of marketing functions, with an emphasis on creating value through marketing, market research, consumer behavior, pricing strategies, marketing channels and distribution, and promotion methods. Students will be able to:  understand the role of marketing within society and within the economic system.  learn the vital role of marketing within a firm and the necessary relationships between marketing and other functional areas of business.  consider the various areas of decision-making within marketing and the tools and methods used by marketing managers in making decisions.  learn key marketing principles, terminology, and concepts.  appreciate how the marketing aspect is important in their personal and professional development.
• [CBE-203] [6 ECTS] Microeconomics
  The subject aims to introduce students to the principles and concepts of Microeconomics, which will introducs and enable Business and Economics students with the necessary analytical tools and techniques to analyze and provide solutions to relevant and current issues in the field of Microeconomics. This subject will equip students with theoretical and practical knowledge as follows: 1. Demand and supply analysis and market equilibrium; 2. Elasticity and its application, 3. Cost analysis and their application; 4. Analysis of profit maximization in all types of competition; 5. Full and incomplete competition; and 6. Government and microeconomics.
• [CBE-302] [6 ECTS] Business Calculus
  The Calculus course is designed to provide students with an understanding of the fundamental concepts and their practical applications in the fields of business, economics, and finance. Students should be able to apply calculus techniques to solve real-world problems involving optimization, marginal analysis, and economic modeling. Learning Outcomes: - Students will understand the main concepts of calculus including limits, derivatives, and integrals, as well as continuity, differentiability, and optimization. - Will be able to apply mathematical techniques to economic models to analyze cost functions, revenue models, and profit maximization. Understand the relationships between marginal cost, marginal revenue, and marginal profit. - Solve optimization problems and interpret mathematical results in the context of business and economic decisions.
• [3 ECTS] Albanian/Macedonian Language
  • [MAPP1020] Macedonian Language for Professional Purposes 2
    Upon completion of the course, Macedonian for professional purposes 2, students are expected to reconfirm and expand further their abilities for advanced written and oral expression in Macedonian, in the context of their future professions. They should be able to read, write and comprehend different kinds of professional texts in Macedonian, to analyse and discuss those texts, as well as to create their own documents, including professional biography in Macedonian (CV). They should also expand the knowledge of specific terminology from the field of law, business and economy, administration, computer sciences, language and communication and be able to use that terminology in simulation of authentic situations from the professional environment, in debates and exchange of opinion regarding different aspects of these professions.
  • [BAM1010] Albanian Language for Beginners 1
    Albanian Language subject for beginners 1 and 2 is prepared with the purpose to enable the students, who do not have basic knowledge of the Albanian language, to get to know the characteristics of this language, to gain knowledge of the linguistic structure of the Albanian language, and to extend and apply their knowledge in everyday situations. Correspondingly, they will gain knowledge of the structure of the Albanian language; They will also acquire a modest set of various lexical and grammatical categories which will enable them cary out simple conversations.
  • [BAM2010] Albanian Language for Beginners 2
    Albanian Language course for beginners 1, 2 is prepared with the purpose to enable the students, who do not have basic knowledge of the Albanian language, to get to know the characteristics of this language, to gain knowledge of the linguistic structure of the Albanian language, and to extend and apply their knowledge in everyday situations. Correspondingly, they will gain knowledge of the structure of the Albanian language; they will also acquire a modest set of various lexical and grammatical categories which will enable them carry out simple conversations.
  • [BS018] Macedonian Language for Beginners 1
    The programme Macedonian Language for beginners 1: reading, writing, listening and speaking. Through special exercises and lectures introduction to basic communication in Macedonian language is provided, i.e. introducing, greeting, presentation, enriching vocabulary and write and understand short texts. When we created this program we took into the consideration that students can apply the acquired knowledge further. The material is processed under the principle of combined lectures and exercises, and continuous tasks through which students are actively involved during class and participate with their questions and suggestions.
  • [BS152] Macedonian Language for Beginners 2
    The programme Macedonian Language for beginners includes: reading, writing, listening and speaking activities. In this course the following issues are covered: daily routines, planning activities for the next period, description of persons, places and objects. When we created this program we took into the consideration that students can apply the acquired knowledge further.
  • [MLIL-01] Macedonian Language Intermediate Level 1
    The curriculum for Macedonian Language intermediate level 1 includes: reading, writing, listening and speaking through which the students: will enrich the vocabulary through appropriate texts for daily activities (in a bank, in a library, in a ministry, etc.) and will improve the skills for professional writing and speaking that are necessary for clear and effective communication in their further professional career. A special, continuous emphasis on the overall activity is placed on the linguistic elements, that is, on the spelling and grammar of the Macedonian standard language. Experts as one of the key elements for good written expression state the correct use of language.
  • [MLIL-02] Macedonian Language Intermediate Level 2
    The curriculum for Macedonian Language intermediate level 2 includes: reading, writing, listening and speaking. Special emphasis is placed on the development of students' communication skills, or the use of language in daily activities and professional context, enriching the vocabulary and acquiring knowledge about the structure and types of professional texts. Different communication styles will be covered, with the goal being for students to establish good communication with the audience through their texts and to attract and retain their attention.
• [3 ECTS] English Language
  • [BEEN-01] Business English 1
    Students will be introduced to the language elements that are needed to understand and process the principles and concepts used in communication in a business/commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, such as and will improve their business communication skills along with future job search skills.
  • [BEEN-02] Business English 2
    Students will be introduced to the language elements needed to understand and refine the principles and concepts used in communication in a business /commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, as well as improve their business communication skills along with future job search skills.
  • [E2532] English Language 1
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2533] English Language 2
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2534] English Language 3
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about different phenomena including crime and natural disasters, invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material.By the end of this course students are expected to be at B1 level of the Common European Framework (CEF) . They should be able to ask and answer questions about university degrees, job skills and situations; invite and respond to invitations. Students should be able to ask about or describe family relationships and marital status and they should be able to recognize and use appropriately vocabulary related to degrees and university education, art, travelling and sport.
  • [E2535] English Language 4
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, environment finance, problems; ask and answer questions about university degrees, job skills and situations.They should be able to evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at B2 level of the Common European Framework (CEF); They are expected to be independent users of English language and to implement some of the following language functions: give advice; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations, read and listen for gist, detail and comprehension.
  • [E2536] English Language 5
    Academic English is a one semester course which aims to enable the students with skills which can facilitate their language learning and their study progress in an academic teaching and learning environment. The course should enable them to use those skills in both foreign language classroom as well as academic progress in content areas. The course incorporates language skills, study skills and generally applicable skills (listening, delivering oral presentations, constructing arguments) in specific assignments. Therefore, upon successful completion of the course, the students’ proficiency level should be at C1 according to Common European Framework. As a result, the students should be able to deliver successfully oral presentation, participate in an online debate/ discussion forum stating their opinion and arguments and give feedback to others in a constructive manner. In addition, the students should be able to listen and read for gist and detail and write an argumentative paragraph and essay stating their opinion. They should and write a problem solution paragraph and essay.They should be able to present visual information in a form of Power Point poster presentations. The students should be able to identify main ideas and supporting evidence in a text and to analyse and identify topic sentences in a paragraph. They should be able to identify a purpose of a text, patterns of organization in a text and apply them in their own writing.

Semester 3

• [EBE-410] [6 ECTS] Business Law
  Students should acquire knowledge and skills to: • Understand and interpret the fundamental concepts of business Law, including contracts and legal relationships between commercial entities; • Apply knowledge of civil law and law of legal persons in the commercial context; • Analyze and assess legal relationships and obligations in commercial activities and everyday business; • Solve specific legal problems related to commercial activity and the rule of law in this field.
• [C2864] [6 ECTS] Statistics for Business
  Aims of the course: • Understand and apply statistical methods to analyze economic indicators, energy consumption, and environmental parameters. • Use statistics for forecasting and decision-making in various sectors. • Master the use of statistical software such as SPSS, R, Python, and Excel. Learning outcomes: • Students will be able to analyze economic indicators (GDP, unemployment, inflation) and interpret data related to energy and the environment. • Students will apply statistical methods to forecast energy consumption and environmental impact. • Students will produce structured reports and interpretations based on statistical data.
• [CBE-303] [6 ECTS] Macroeconomics
  Students will gain knowledge of: - macroeconomic concepts and categories, which are a precondition for the functioning of a national economy that is part of a wider global economic system; - the importance of key macroeconomic indicators such as: gross national product, national income, economic growth, economic cycle, investment and public consumption, inflation, unemployment, money and banks, budget, balance of payments, etc .; - basic instruments of macroeconomic analysis (aggregate supply and demand) and macroeconomic policies (monetary and fiscal policy), etc .; - the efficient functioning of a national economy, comparing it with modern market economies, noting in that direction changes, similarities and opportunities for the future development of the respective economy; - Knowledge in the field of macroeconomics, which will enable easier access to other advanced macroeconomic courses.
• [CBE-402] [6 ECTS] Financial Accounting
  The objective of this course is to provide knowledge and skills regarding the process of recording, summarizing, and reporting business transactions of commercial companies, in accordance with the Law on Accounting in the Republic of North Macedonia and the International Accounting Standards (IAS). Special emphasis is placed on the preparation and interpretation of financial statements, including: the Balance Sheet and the Income Statement, the Tax Balance – Corporate Income Tax and General Revenue Tax, as well as other reports in compliance with the Law on Accounting in the Republic of North Macedonia.
• [3 ECTS] English Language
  • [BEEN-01] Business English 1
    Students will be introduced to the language elements that are needed to understand and process the principles and concepts used in communication in a business/commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, such as and will improve their business communication skills along with future job search skills.
  • [BEEN-02] Business English 2
    Students will be introduced to the language elements needed to understand and refine the principles and concepts used in communication in a business /commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, as well as improve their business communication skills along with future job search skills.
  • [E2532] English Language 1
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2533] English Language 2
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2534] English Language 3
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about different phenomena including crime and natural disasters, invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material.By the end of this course students are expected to be at B1 level of the Common European Framework (CEF) . They should be able to ask and answer questions about university degrees, job skills and situations; invite and respond to invitations. Students should be able to ask about or describe family relationships and marital status and they should be able to recognize and use appropriately vocabulary related to degrees and university education, art, travelling and sport.
  • [E2535] English Language 4
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, environment finance, problems; ask and answer questions about university degrees, job skills and situations.They should be able to evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at B2 level of the Common European Framework (CEF); They are expected to be independent users of English language and to implement some of the following language functions: give advice; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations, read and listen for gist, detail and comprehension.
  • [E2536] English Language 5
    Academic English is a one semester course which aims to enable the students with skills which can facilitate their language learning and their study progress in an academic teaching and learning environment. The course should enable them to use those skills in both foreign language classroom as well as academic progress in content areas. The course incorporates language skills, study skills and generally applicable skills (listening, delivering oral presentations, constructing arguments) in specific assignments. Therefore, upon successful completion of the course, the students’ proficiency level should be at C1 according to Common European Framework. As a result, the students should be able to deliver successfully oral presentation, participate in an online debate/ discussion forum stating their opinion and arguments and give feedback to others in a constructive manner. In addition, the students should be able to listen and read for gist and detail and write an argumentative paragraph and essay stating their opinion. They should and write a problem solution paragraph and essay.They should be able to present visual information in a form of Power Point poster presentations. The students should be able to identify main ideas and supporting evidence in a text and to analyse and identify topic sentences in a paragraph. They should be able to identify a purpose of a text, patterns of organization in a text and apply them in their own writing.
• [3 ECTS] Elective/Digital Comptenecies
  • [E3073] Digital Competencies
    The aim of this course is to develop students’ digital competencies in line with modern digital skills frameworks. The course equips students with knowledge and practical skills for the effective, critical, and safe use of digital technologies in academic and professional contexts. After completing the course students will be able to: • Understand the core concepts of digital competencies. • Use digital tools for information search, communication, and collaboration. • Manage and organize digital information and data. • Create digital content using different software tools. • Apply safe and ethical practices in digital environments. • Use digital technologies for problem solving and lifelong learning.
  • [E3076] Digital Media Design
    The aim of this course is to introduce the fundamental concepts and principles of digital media design while developing students’ creative and technical skills for creating and managing digital content. After completing the course students will be able to: • Understand the basic principles of digital design and visual communication. • Analyze design elements such as color, typography, and composition. • Use digital tools and software to create multimedia content. • Develop creative projects in digital media design. • Apply usability and aesthetic principles in digital design. • Present and evaluate digital media design projects.
  • Introduction to Cybersecurity
    The aim of this course is to introduce the fundamental concepts of cybersecurity and to develop students’ awareness of threats and risks in digital environments. After completing the course students will be able to: • Explain the basic concepts of cybersecurity and its importance. • Identify common cyber threats and attacks. • Understand fundamental principles of protecting information systems and networks. • Analyze security risks and data protection practices. • Apply safe practices when using digital technologies. • Understand ethical and legal aspects of cybersecurity.
  • [E3071] Artificial Intelligence: Tools and Applications
    The aim of this course is to introduce the basic concepts of artificial intelligence and the practical use of AI tools for creating digital content and improving productivity in academic and professional contexts. After completing the course students will be able to: • Understand the basic concepts of artificial intelligence and generative AI. • Use AI tools for generating text, images, and presentations. • Apply AI tools to organize and analyze information. • Evaluate the benefits and limitations of AI technologies. • Apply ethical and responsible practices when using AI. • Develop practical projects using artificial intelligence applications.
  • [E3072] Spreadsheet Modeling
    The aim of this course is to introduce the concepts and techniques of data modeling and analysis using spreadsheet software such as Microsoft Excel and other similar tools. The course aims to develop students’ practical skills in organizing, processing, analyzing, and visualizing data efficiently. After completing the course students will be able to: • Understand the structure and functionality of spreadsheet software. • Organize and manage data within spreadsheets. • Use formulas and functions for calculations and data analysis. • Apply data analysis techniques to solve practical problems. • Create charts and visualizations for interpreting and presenting data. • Develop simple analytical models using spreadsheet tools.

Semester 4

• [C2124] [6 ECTS] Business Information Systems
  Aims: • Understand core concepts of business information systems. • Explain the role of IS in strategy, management, and decision-making. • Analyze issues of ethics, privacy, and information security. • Develop practical skills in using digital systems for business. Learning Outcomes: Students will be able to: • Define IS and explain their key functions. • Identify opportunities for competitive advantage through IS. • Apply knowledge of databases, networks, and business applications. Evaluate the impact of IS on society, organizations, and individuals.
• [CBEM-603] [3 ECTS] Organizational Behavior
  The aim of this course is to provide students with fundamental knowledge of organizational behavior, focusing on how individuals and groups behave within organizations. The course examines key concepts such as motivation, leadership, communication, group dynamics, and organizational culture, enabling students to understand and analyze behavior in organizational settings. Learning outcomes: • explain the fundamental concepts and theories of organizational behavior • analyze individual behavior in organizations, including personality, perception, and motivation • understand group dynamics and teamwork in organizational settings • evaluate leadership styles and their impact on organizational performance • analyze communication processes within organizations • understand the influence of organizational culture and organizational structure on employee behavior • apply organizational behavior concepts to real organizational situations
• [CBM-502] [6 ECTS] Corporate Finance
  The objectives of this course are to equip students with advanced knowledge and to broaden their existing competencies toward understanding contemporary theoretical and practical aspects of financial management and corporate finance. Special emphasis is placed on analyzing the condition and performance of businesses/corporations through financial statements and other relevant sources, as well as on the application of modern techniques of investment decision-making.
• [CBE-401] [6 ECTS] Operations Management
  Students get acquainted with the complex issues of production management understood as a process of planning and organization of production, but also as control of the functioning of production as a system, to achieve production goals in the most effective and efficient ways. Within this framework, special attention is paid to the following aspects of production management: production as a system, production system planning, product-product design, product-product quality, product production program, production location, capacity of production, production equipment, factory buildings, factory space planning, production processes, timely production planning and monitoring, inventory control, internal storage and transport system, equipment and building maintenance and production assurance energy, cost control and organizational structure of production.
• [C2130] [3 ECTS] International Business
  The course aims to provide students with a solid understanding of the global business environment and the complex forces that drive globalization, including technological change, trade liberalization, and evolving consumer preferences. A central focus is placed on exploring the various strategies that firms employ when entering international markets, such as exporting, joint ventures, franchising, and foreign direct investment, while highlighting the advantages and limitations of each approach. In addition, students will critically analyze the political, economic, and cultural risks and opportunities that shape international business activities, enabling them to recognize both the challenges and benefits of cross-border operations. The course further seeks to equip students with the essential skills needed to make informed decisions related to international trade, investment, and finance, by integrating theoretical knowledge with practical case studies. Finally, special emphasis is given to understanding the broader impact of international business on local economies and cultures, encouraging students to evaluate how global business practices influence development, employment, sustainability, and cultural exchange in different regions of the world.
• [3 ECTS] Elective/Digital Comptenecies
  • [E3073] Digital Competencies
    The aim of this course is to develop students’ digital competencies in line with modern digital skills frameworks. The course equips students with knowledge and practical skills for the effective, critical, and safe use of digital technologies in academic and professional contexts. After completing the course students will be able to: • Understand the core concepts of digital competencies. • Use digital tools for information search, communication, and collaboration. • Manage and organize digital information and data. • Create digital content using different software tools. • Apply safe and ethical practices in digital environments. • Use digital technologies for problem solving and lifelong learning.
  • [E3076] Digital Media Design
    The aim of this course is to introduce the fundamental concepts and principles of digital media design while developing students’ creative and technical skills for creating and managing digital content. After completing the course students will be able to: • Understand the basic principles of digital design and visual communication. • Analyze design elements such as color, typography, and composition. • Use digital tools and software to create multimedia content. • Develop creative projects in digital media design. • Apply usability and aesthetic principles in digital design. • Present and evaluate digital media design projects.
  • Introduction to Cybersecurity
    The aim of this course is to introduce the fundamental concepts of cybersecurity and to develop students’ awareness of threats and risks in digital environments. After completing the course students will be able to: • Explain the basic concepts of cybersecurity and its importance. • Identify common cyber threats and attacks. • Understand fundamental principles of protecting information systems and networks. • Analyze security risks and data protection practices. • Apply safe practices when using digital technologies. • Understand ethical and legal aspects of cybersecurity.
  • [E3071] Artificial Intelligence: Tools and Applications
    The aim of this course is to introduce the basic concepts of artificial intelligence and the practical use of AI tools for creating digital content and improving productivity in academic and professional contexts. After completing the course students will be able to: • Understand the basic concepts of artificial intelligence and generative AI. • Use AI tools for generating text, images, and presentations. • Apply AI tools to organize and analyze information. • Evaluate the benefits and limitations of AI technologies. • Apply ethical and responsible practices when using AI. • Develop practical projects using artificial intelligence applications.
  • [E3072] Spreadsheet Modeling
    The aim of this course is to introduce the concepts and techniques of data modeling and analysis using spreadsheet software such as Microsoft Excel and other similar tools. The course aims to develop students’ practical skills in organizing, processing, analyzing, and visualizing data efficiently. After completing the course students will be able to: • Understand the structure and functionality of spreadsheet software. • Organize and manage data within spreadsheets. • Use formulas and functions for calculations and data analysis. • Apply data analysis techniques to solve practical problems. • Create charts and visualizations for interpreting and presenting data. • Develop simple analytical models using spreadsheet tools.
• [3 ECTS] English Language
  • [BEEN-01] Business English 1
    Students will be introduced to the language elements that are needed to understand and process the principles and concepts used in communication in a business/commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, such as and will improve their business communication skills along with future job search skills.
  • [BEEN-02] Business English 2
    Students will be introduced to the language elements needed to understand and refine the principles and concepts used in communication in a business /commercial environment. Upon successful completion of this course, students will improve their communication and public speaking skills, will be able to use arguments to support attitudes, but also respect the opinions of others, as well as improve their business communication skills along with future job search skills.
  • [E2532] English Language 1
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2533] English Language 2
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at A1 level of the Common European Framework (CEF) and should be able to understand and use familiar expressions and very basic phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; students should be able to introduce themselves and others by using pronouns and possessives, use greetings, name things in the classroom, distinguish between singular and plural , recognize and use numbers from 1- 100. Students should be able to describe a typical day, recognize and use simple constructions in order to describe their daily routine; talk and write about their everyday lives, leisureе; ask and answer questions about food and drink. students should be able to give dates, use appropriately the vocabulary related to months in the year, make polite requests, describe places, travel and personal histories; choose a destination and give directions; discuss likes and dislikes.
  • [E2534] English Language 3
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, finance, problems; ask and answer questions about different phenomena including crime and natural disasters, invite and respond to invitations read and listen for gist, detail and comprehension; evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material.By the end of this course students are expected to be at B1 level of the Common European Framework (CEF) . They should be able to ask and answer questions about university degrees, job skills and situations; invite and respond to invitations. Students should be able to ask about or describe family relationships and marital status and they should be able to recognize and use appropriately vocabulary related to degrees and university education, art, travelling and sport.
  • [E2535] English Language 4
    By the end of each level of this course determined by the placement test taken at enrolment, students are expected to be at different levels as determined by the Common European Framework (CEF) and should be able to understand and use familiar expressions and phrases aimed at the satisfaction of needs of a concrete type; ask and answer questions about personal identification and personal relations; talk and write about their everyday lives, leisure, entertainment, environment finance, problems; ask and answer questions about university degrees, job skills and situations.They should be able to evaluate their own progress; participate in role plays and dialogues on familiar topics and produce a paragraph/ essay on topics related to the course material. By the end of this course students are expected to be at B2 level of the Common European Framework (CEF); They are expected to be independent users of English language and to implement some of the following language functions: give advice; ask and answer questions about university degrees, job skills and situations; invite and respond to invitations, read and listen for gist, detail and comprehension.
  • [E2536] English Language 5
    Academic English is a one semester course which aims to enable the students with skills which can facilitate their language learning and their study progress in an academic teaching and learning environment. The course should enable them to use those skills in both foreign language classroom as well as academic progress in content areas. The course incorporates language skills, study skills and generally applicable skills (listening, delivering oral presentations, constructing arguments) in specific assignments. Therefore, upon successful completion of the course, the students’ proficiency level should be at C1 according to Common European Framework. As a result, the students should be able to deliver successfully oral presentation, participate in an online debate/ discussion forum stating their opinion and arguments and give feedback to others in a constructive manner. In addition, the students should be able to listen and read for gist and detail and write an argumentative paragraph and essay stating their opinion. They should and write a problem solution paragraph and essay.They should be able to present visual information in a form of Power Point poster presentations. The students should be able to identify main ideas and supporting evidence in a text and to analyse and identify topic sentences in a paragraph. They should be able to identify a purpose of a text, patterns of organization in a text and apply them in their own writing.

Semester 5

• [C2868] [6 ECTS] Financial Markets and Investment Management
  The aim of this course is to provide students with a comprehensive understanding of financial markets, investment instruments, and portfolio management principles. It bridges financial theory with analytical practice, equipping students to evaluate investment opportunities across equity, fixed income, and derivatives markets. Learning Outcomes: After completing the course, students will be able to: • Explain the structure and functions of financial markets and the roles of key financial institutions • Analyze the relationship between risk and return and apply portfolio analysis techniques • Apply the Capital Asset Pricing Model (CAPM) to evaluate the expected returns of financial assets • Evaluate equity securities using fundamental valuation models including DDM, DCF, and relative valuation multiples • Analyze fixed income securities, calculate bond prices and yields, and assess interest rate risk using duration and convexity • Describe the characteristics and pricing of derivative instruments including futures and options and their use in risk management • Interpret market efficiency concepts and identify cognitive biases that influence investment decisions • Construct and evaluate a diversified investment portfolio using theoretical frameworks
• [C2126] [3 ECTS] Supply Chain Management
  Aims: Understand fundamental concepts of supply chain management. Develop skills for planning, organizing, and managing logistics processes. Enable students to use strategies and tools for optimizing supply and distribution. Learning Outcomes: Explain concepts and models of supply chain management. Analyze the role of logistics in organizational performance. Apply methods for managing resources, inventories, and transportation. Propose strategies to improve supply chain efficiency.
• [EBE-04] [3 ECTS] Managerial Economics
  The aim of the course is to equip students with the ability to apply economic concepts to managerial decision-making. Students will gain competencies in demand and supply analysis, market structures, optimal pricing, cost analysis, and competitive strategies. By the end of the course, they will be able to apply economic models to solve real-world business problems and make effective managerial decisions.
• [C2127] [6 ECTS] Managerial Accounting
  The practical identification, measurement, analysis, interpretation, and communication of financial and non-financial information represent essential components of managerial accounting. These processes are implemented through budgeting, cost and revenue measurement, and continuous performance evaluation of employees and managers. The primary objective is to support effective and data-driven managerial decision-making, aimed at achieving the strategic goals of the organization.
• [6 ECTS] Elective from other unit
  • [CPA-201] Public Leadership and Organizational Development
    This course aims to provide students with an understanding of how leaders and managers develop and implement the mission and vision of organizations within the public sector. It explores how essential organizational values for long-term success are developed and applied through appropriate practices, activities, and professional behaviors. The course also focuses on the role of leaders in ensuring the development and implementation of effective management systems, as well as how organizations achieve their mission and vision through clear strategies based on stakeholders’ perspectives and supported by relevant policies, plans, objectives, and processes.
  • [E2739] Ethics in Public Institutions
    The primary objective of this course is to provide students with a theoretical and practical framework for understanding moral dilemmas in the public sector. It aims to cultivate ethical reasoning skills, promote integrity in administrative decision-making, and prepare future public servants to uphold the principles of transparency and public trust. This course examines the moral foundations of public service and the systemic challenges to ethical governance. Students will explore the tension between political loyalty (clientelism) and professional duty (meritocracy). Special focus is placed on the North Macedonian context, analyzing why high-profile corruption persists and how a "culture of impunity" undermines the rule of law. By the end of this course, students will be able to: • Evaluate public policies using core ethical theories (Utilitarianism, Deontology, and Virtue Ethics). • Identify and manage potential conflicts of interest and corruption risks within an organization. • Apply legal and ethical standards to administrative discretion and decision-making. • Develop organizational strategies to promote transparency and protect whistleblowers. • Analyze the ethical implications of emerging technologies (AI and Big Data) in governance.
  • [ECS3060] IT Professional Ethics
    The subject provides a comprehensive approach to current ethical issues in the use of information technology (IT). It evaluates a range of issues raised in the past and present years faced by IT users, ranging from freedom of expression, privacy, intellectual property, hacking, and continuing with the new era, the ethical use of social networks and online communities. Ethical dilemmas and ethical responsibilities of IT professionals are addressed, and critical appraisal and responsible use of IT is promoted.
  • [CCS-102] Internet Technologies
    The purpose of this course is to provide you with a comprehensive understanding of the tools and problem-solving methodologies related to client side internet programming. Our primary focus will be on the tools and skills used by web developers in today's industry. The lecture will discuss general concepts and syntax, whereas the lab will focus upon implementation and practice. The main focus will be around client side technologies such as: Basic Concepts of the origin of the Internet and Networking, web markup languages like HTML5, create web page styles with Cascading Style Sheets (CSS), Utilize JavaScript to create interactive web pages together with proprietary libraries (JQuery, JQuery Mobile, AppML, AngularJS and HTML5 API’s)
  • [E2698] Control of Nosocomial infections
    The aim of this course is to provide students with theoretical and practical knowledge regarding the control and prevention of hospital-acquired infections. Students will develop competencies in identifying risk factors, implementing preventive measures, and managing infectious situations in healthcare settings. After completing the course, students will be able to: • Understand the basic concepts of hospital-acquired infections and their transmission • Apply standards and protocols for infection control • Identify and assess risks in hospital environments • Use appropriate hygiene and disinfection techniques • Work effectively in teams to manage infection-related situations
  • [C2527] Basics of Design Studio
    The aim of the course Basics of Design Studio is to develop students’ fundamental conceptual and practical abilities in shaping architectural space. Through individual and group work, students acquire competencies in analysis, visual communication, and critical thinking within the process of architectural design and project development. Upon completion of the course, students are expected to be able to: ● understand and apply the basic principles of architectural project design; ● translate programmatic requirements into functional spatial solutions; ● produce accurate drawings and physical models; ● use both analog and digital methods to represent ideas; ● justify design decisions through visual and oral presentation.
  • [E2842] International law on human rights
    The special goal of the course program is for students to gain in-depth knowledge of minority rights and the established mechanisms for their protection at state, regional and universal level. Students will be introduced to modern theoretical knowledge in this area, as well as relevant international acts and customs and will be trained in scientific research in the field of international human rights law.
  • [E2996] New Reproductive Technologies and Law
    The aim of the course is to enable students to acquire advanced knowledge and competencies regarding the legal, bioethical, medical, and social aspects of contemporary reproductive technologies, as well as their impact on the concepts of family, parenthood, and human rights. The specific objectives of the course are: to provide knowledge on the emergence, development, and application of new reproductive technologies and their impact on modern society; to ensure understanding of the fundamental legal concepts related to reproduction, parenthood, and family relationships; to analyze the national and international legal framework governing medically assisted reproduction; to develop the ability to identify and address complex legal issues related to: (the legal status of children born through these technologies, the rights and obligations of parents and donors, the conflict between the child’s right to know their origin and the donor’s right to anonymity); to enhance understanding of bioethical dilemmas related to the creation of life, scientific research, and the limits of medical intervention;to foster critical thinking regarding the balance between reproductive autonomy and the protection of the public interest and the best interests of the child; to promote an interdisciplinary approach in the analysis of legal issues related to biotechnology and reproductive medicine; to develop the capacity for critical evaluation of legislation and judicial practice.
  • [EPRNM-02] Public Relations and New Media
    Course objectives:  To understand the basic concepts of public relations (PR) and their role in organizational communication.  To know the characteristics and functioning of new media and digital platforms in the field of PR.  To develop practical skills in the use of digital tools for effective communication with the public.  To analyze and evaluate communication strategies in real contexts.  To integrate theoretical knowledge with professional practice in planning PR campaigns. After completing the course, students will be able to:  Describe and explain the role of PR and the impact of new media in modern communication.  Analyze case studies and identify effective communication strategies.  Develop simple communication plans using digital tools and social media.  Evaluate the effectiveness of PR campaigns and their impact on the public.  Apply ethical and professional principles in communicating with the public and the media.
  • [EFE-129] Albanian Language and Writing Culture
    The course aim is to develop students’ linguistic and communicative competencies, including the correct use of the standard language, mastery of orthographic and grammatical rules, as well as the ability to analyze and interpret different types of texts. Students will also learn the principles and techniques of academic writing, including the structure of scientific papers, citation practices, and the use of academic sources. Upon completion of the course, students are expected to be able to produce clear, well-structured, and coherent texts, apply language norms accurately, and demonstrate critical reading and writing skills.
  • [EFB-03] Personal Finances
    The aim of the course is to provide students with knowledge and practical skills for effective personal financial management throughout life. The course focuses on developing competencies related to personal financial planning, managing income and expenses, understanding financial products and services, and making informed decisions regarding saving, investing, and debt management. Through the analysis of real-life financial situations and practical financial tools, students will develop the ability to manage financial resources responsibly and sustainably. After completing the course students will be able to: • understand the fundamental concepts and principles of personal financial management; • prepare personal budgets and short-term and long-term financial plans; • analyze different saving and investment options to achieve financial goals; • manage credit, debt, and the use of banking and financial products; • evaluate financial risks and understand the role of insurance in risk management; • plan long-term financial goals such as investment and retirement planning; • make informed and responsible financial decisions in personal and professional contexts.
  • [EBE-408] Project Management
    This course aims to introduce students to the world of modern projects and prepare them to face the opportunities and real-life economic challenges involved in designing and implementing projects that meet actual needs. It focuses on understanding the phases of project development, as well as the essential role of the project manager in defining needs, scope, implementation activities, and the complexity of modern project design. In addition, the course aims to equip students with the skills to use contemporary project management tools and techniques, transforming an idea or need into a real, structured, and documented project. In this way, students develop creativity, innovation, and greater competitiveness in the labour market.
  • [EBE-403] Business Plan
    This course aims to provide students with theoretical and practical knowledge on developing and preparing a business plan. It focuses on analyzing business ideas, market evaluation, financial and operational planning, as well as strategies for implementing and developing a sustainable business.
  • [E2997] Common Sense Economics
    This course aims to provide students with a practical understanding of fundamental economic principles, helping them apply economic reasoning in everyday decision-making at both personal and professional levels. The course emphasizes the importance of individual responsibility, market processes, sound economic policies, and the role of institutions in improving economic well-being.
  • [EDOL-03] Digital and Online Literacy
    The Digital and Online Literacy subject is a one-semester course with 3 hours per week, which is offered in undergraduate studies. The course is tailored to the needs of students and incorporates various 21st century skills, which are related to the effective use of technology. The course contains three categories of 21st century skills. Upon completion of the subject, students will be able to search for and access online information, using a variety of digital tools, critically evaluate the authenticity of online materials and make distinguish between true and false sources, show understanding of ethical issues in the academic context, understand how quotes are used fairly, learn how to communicate professionally efficiently, understand the basics of cybersecurity, as well as the positive and negative aspects of creating an online identity, investigate cyberbullying and identify possible choices to reduce online concerns.
  • [E2531] English Literature and Film
    The aims of the course are as follows: - To help students develop critical thinking skills through film analysis - To discuss, evaluate and compile critical comments - critical analysis of literary and informative texts - discussion and analysis of student work and evaluation by colleagues / peers - To present different perspectives, supporting claims, use of sensory language.
• [6 ECTS] Business Elective Course
  • [E3079] Business Ethics and Corporate Responsibility
    Aims: 1. Introduce core ethical theories and frameworks relevant to business decisions. 2. Explain the historical evolution and contemporary scope of corporate social responsibility (CSR). 3. Develop skills for identifying ethical issues in diverse business contexts. 4. Analyze stakeholder interests and the ethical implications of managerial choices. 5. Evaluate corporate governance structures and their role in ethical oversight. 6. Examine legal, regulatory, and voluntary mechanisms that shape responsible business conduct. 7. Explore sustainability, environmental ethics, and the business responses to climate change. 8. Foster effective ethical reasoning, argumentation, and decision-making skills. 9. Encourage awareness of cross-cultural and global dimensions of business ethics. 10. Prepare students to design and assess CSR strategies and ethical policies for organizations.
  • [E3080] Business Consulting and Problem Solving
    Aims: • Understand the role and process of business consulting. • Develop skills for identifying and analyzing organizational problems. • Apply structured methods and tools for problem solving. • Improve teamwork and professional presentation skills. After completing the course, students will be able to: • Analyze complex organizational problems. • Apply structured problem-solving methods. • Develop strategic recommendations for businesses. • Present and justify professional solutions.
  • [CBEE-803] Labor Market
    The main purpose of the subject is to provide students with basic knowledge and in-depth knowledge in the field of labor market theory, then with the mechanism of its functioning in the market economy. The purpose of the Labor Market is to offer and teach students the categories, laws and main principles by which the labor market operates. The subject provides a detailed analysis of the behavior and role played by key labor market agents: individuals, firms and government. The analysis is based on two basic categories: job demand and job supply, which find application in almost all topics covered in this course. The knowledge gained by students in this subject serves as a basic theoretical basis necessary to understand and master the various theories and policies applied in the labor market. The course aims for students to understand how labor markets efficiently distribute and use the rare factor of production, labor. Lectures include knowledge of job demand and job supply concepts and their practical application; bringing individuals into the labor market to maximize their usefulness; bringing firms to the labor market that aim to maximize profit; the role of government in the labor market, different structures of labor markets: labor market in full competition, monopoly in the labor market, monopsony in the labor market, the role of trade unions in the labor market, bilateral monopoly in the labor market. Lectures and discussions in the classroom cover materials that may not be in the book and some aspects of the materials included in the basic textbook will not be discussed in class, but are left to the student's active study. Therefore, in order to guarantee success in the best possible acquisition of the subject, the student must be present in lectures and seminars, and to actively participate in the discussion of various problems related to the labor market.
  • [EBEE-605] Environmental Economics
    Environmental economics aims for students to gain knowledge about: - main sources and types of environmental agents; - steps in the regulatory process towards risk assessment and risk management, as well as knowledge to identify current legislation and regulations related to environmental issues; - filling in the gaps related to the health effects of environmental agents and identifying areas of uncertainty in the risk assessment process, and - identifying and defining steps in the risk assessment and management process.
  • [EBA034] Local Economic Development
    Through the subject it is intended that students achieve: - comprehensively understand the complexity of local economic development, as well as the aspects that constitute the local economic development portfolio; - to critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - assess the importance of networks established between stakeholders in the public sector, business sector and local government, respectively municipalities; - to choose scientific instruments for the evaluation of acceptable strategies for local economic development, etc.
  • [C2132] E-Commerce
    Course Objectives: To introduce students to the fundamentals of e-commerce as an intersection of business, technology, and society. To provide knowledge of digital business models, e-commerce infrastructure, and online platforms. To analyze the economic, social, and regulatory implications of e-commerce. To develop skills for evaluating e-commerce market strategies, technologies, and trends. To encourage critical thinking about issues of trust, security, privacy, and ethics in the digital economy. To provide students with practical tools for designing and implementing e-commerce solutions. Upon completion of the course, students will be able to: Define and explain key concepts and theories of e-commerce.  Identify and evaluate different e-commerce business models and revenue generation strategies.  Analyze the role of internet, web, and mobile infrastructure in enabling e-commerce.  Assess marketing strategies, advertising, and consumer behavior in e-commerce.  Apply knowledge of payment systems, security, and regulatory frameworks in practice.  Conduct case study analyses of real-world e-commerce companies.  Design and present an e-commerce project or business plan.  Work collaboratively to propose solutions to digital transformation challenges.
  • [E2750] Data Analysis with Python/R
    Aims of the course program: • To understand the fundamental methodologies of data analysis. • To use tools and libraries for data analysis in Python/R. • To practically apply knowledge from statistics and data analysis. • To interpret and present analytical results through reporting and data analysis techniques. After completing this course, students will be able to: 1. Use Python/R for data preparation and analysis. 2. Apply basic statistical and analytical techniques to real datasets. 3. Clean, transform, and organize data for further analysis. 4. Interpret data analysis results in a business context. 5. Prepare analytical reports using appropriate tools. 6. Apply data analysis methods as a foundation for more advanced courses in the program.
  • [EBEF-801] Financial Modeling
    The aim of the course is to equip students with practical skills to build and analyze financial models for economic decision-making. Upon completion of the course, students will be able to construct simple and complex financial models, analyze financial data, forecast financial performance, and provide recommendations based on quantitative analysis.
  • [E3085] Entrepreneurial Finance
    The aim of this course is to focus on the financial challenges faced by startups and high-growth ventures. It examines sources of entrepreneurial financing, including venture capital, angel investment, crowdfunding, and private equity. Upon successful completion of this course students will be able to: - Understand the financial lifecycle of entrepreneurial ventures. - Analyze startup financial statements and funding requirements. - Apply data analytics tools to evaluate startup performance and risk. - Build financial projections and valuation models for startups. - Understand venture capital structures and investment decisions. - Use AI and predictive analytics to assess startup growth potential. - Design funding strategies for innovative businesses.
  • [E3086] Negotiation and Conflict Management
    The aim of this course is to provide students with theoretical and practical knowledge about negotiation processes and conflict management in organizational and business environments. The course focuses on developing analytical and practical skills for planning and conducting effective negotiations and managing conflicts constructively. After completing the course students will be able to: • understand key concepts and processes of negotiations • analyze negotiation situations in business contexts • apply effective negotiation strategies and tactics • identify and manage conflicts in organizations • develop communication and decision-making skills in negotiation situations
  • [E3084] Sales Management and Customer Relationships
    The aim of this course: • To understand the role and importance of sales management within the organizational structure of a company. • To analyze sales strategies and market opportunities, taking into account product characteristics and customer needs. • To evaluate sales opportunities in alignment with the strategic goals and objectives of the organization. • To develop professional sales skills and effective practices in managing customer relationships that enhance the long-term value of the customer. • To utilize Customer Relationship Management (CRM) tools and technologies to improve sales processes, customer communication, and post-sales relationship management.
  • [CEM-503] Human Resource Management
    The aim of this course is to provide students with knowledge of the main concepts and practices of human resource management in organizations. The course focuses on recruitment, selection, motivation, employee development, and performance management, as well as the role of human resources in improving organizational effectiveness. After completing the course students will be able to: • understand key concepts and functions of human resource management • analyze recruitment and employee selection processes • understand the importance of motivation and employee development • analyze performance management systems • develop skills for managing interpersonal relationships in organizations

Semester 6

• [C2128] [6 ECTS] Strategy and Organization
  The aim of this course is to provide students with knowledge of the concepts and processes of strategic management and organizational design. The course focuses on analyzing the internal and external environments of organizations, formulating and implementing competitive strategies, and understanding the role of organizational structure in strategy implementation. Learning outcomes: • understand key concepts of strategic management • analyze the internal and external environment of organizations • identify and evaluate competitive strategies • understand the relationship between strategy and organizational structure • develop analytical skills for strategic decision-making
• [C2138] [6 ECTS] Financial Reporting and Decision Making
  The objectives of the course are to help students understand the role and importance of financial statements for business management and how these financial information aid in managerial decision-making. The course aims to develop skills in evaluating and interpreting financial information through the main financial statements, such as the Balance Sheet, Income Statement, Tax Balance, and Cash Flow Statement. These audited reports will enable management to make informed and accurate decisions and will provide assurance to current and potential investors, allowing them to assess investment opportunities and verify the market value of the company through its securities.
• [C2869] [6 ECTS] Banking and Financial Institutions Management
  This course aims to provide students with a comprehensive understanding of the management of banking and financial institutions. It focuses on the structure, functions, and operations of financial intermediaries, as well as their role in the financial system and the broader economy. The course also aims to develop students’ knowledge of key banking activities such as deposit and credit management, liquidity and risk management, capital adequacy, and regulatory compliance. In addition, students will gain insight into modern financial management practices and decision-making processes within banking institutions
• [6 ECTS] Elective from other unit
  • [CPA-201] Public Leadership and Organizational Development
    This course aims to provide students with an understanding of how leaders and managers develop and implement the mission and vision of organizations within the public sector. It explores how essential organizational values for long-term success are developed and applied through appropriate practices, activities, and professional behaviors. The course also focuses on the role of leaders in ensuring the development and implementation of effective management systems, as well as how organizations achieve their mission and vision through clear strategies based on stakeholders’ perspectives and supported by relevant policies, plans, objectives, and processes.
  • [E2739] Ethics in Public Institutions
    The primary objective of this course is to provide students with a theoretical and practical framework for understanding moral dilemmas in the public sector. It aims to cultivate ethical reasoning skills, promote integrity in administrative decision-making, and prepare future public servants to uphold the principles of transparency and public trust. This course examines the moral foundations of public service and the systemic challenges to ethical governance. Students will explore the tension between political loyalty (clientelism) and professional duty (meritocracy). Special focus is placed on the North Macedonian context, analyzing why high-profile corruption persists and how a "culture of impunity" undermines the rule of law. By the end of this course, students will be able to: • Evaluate public policies using core ethical theories (Utilitarianism, Deontology, and Virtue Ethics). • Identify and manage potential conflicts of interest and corruption risks within an organization. • Apply legal and ethical standards to administrative discretion and decision-making. • Develop organizational strategies to promote transparency and protect whistleblowers. • Analyze the ethical implications of emerging technologies (AI and Big Data) in governance.
  • [ECS3060] IT Professional Ethics
    The subject provides a comprehensive approach to current ethical issues in the use of information technology (IT). It evaluates a range of issues raised in the past and present years faced by IT users, ranging from freedom of expression, privacy, intellectual property, hacking, and continuing with the new era, the ethical use of social networks and online communities. Ethical dilemmas and ethical responsibilities of IT professionals are addressed, and critical appraisal and responsible use of IT is promoted.
  • [CCS-102] Internet Technologies
    The purpose of this course is to provide you with a comprehensive understanding of the tools and problem-solving methodologies related to client side internet programming. Our primary focus will be on the tools and skills used by web developers in today's industry. The lecture will discuss general concepts and syntax, whereas the lab will focus upon implementation and practice. The main focus will be around client side technologies such as: Basic Concepts of the origin of the Internet and Networking, web markup languages like HTML5, create web page styles with Cascading Style Sheets (CSS), Utilize JavaScript to create interactive web pages together with proprietary libraries (JQuery, JQuery Mobile, AppML, AngularJS and HTML5 API’s)
  • [E2698] Control of Nosocomial infections
    The aim of this course is to provide students with theoretical and practical knowledge regarding the control and prevention of hospital-acquired infections. Students will develop competencies in identifying risk factors, implementing preventive measures, and managing infectious situations in healthcare settings. After completing the course, students will be able to: • Understand the basic concepts of hospital-acquired infections and their transmission • Apply standards and protocols for infection control • Identify and assess risks in hospital environments • Use appropriate hygiene and disinfection techniques • Work effectively in teams to manage infection-related situations
  • [C2527] Basics of Design Studio
    The aim of the course Basics of Design Studio is to develop students’ fundamental conceptual and practical abilities in shaping architectural space. Through individual and group work, students acquire competencies in analysis, visual communication, and critical thinking within the process of architectural design and project development. Upon completion of the course, students are expected to be able to: ● understand and apply the basic principles of architectural project design; ● translate programmatic requirements into functional spatial solutions; ● produce accurate drawings and physical models; ● use both analog and digital methods to represent ideas; ● justify design decisions through visual and oral presentation.
  • [E2842] International law on human rights
    The special goal of the course program is for students to gain in-depth knowledge of minority rights and the established mechanisms for their protection at state, regional and universal level. Students will be introduced to modern theoretical knowledge in this area, as well as relevant international acts and customs and will be trained in scientific research in the field of international human rights law.
  • [E2996] New Reproductive Technologies and Law
    The aim of the course is to enable students to acquire advanced knowledge and competencies regarding the legal, bioethical, medical, and social aspects of contemporary reproductive technologies, as well as their impact on the concepts of family, parenthood, and human rights. The specific objectives of the course are: to provide knowledge on the emergence, development, and application of new reproductive technologies and their impact on modern society; to ensure understanding of the fundamental legal concepts related to reproduction, parenthood, and family relationships; to analyze the national and international legal framework governing medically assisted reproduction; to develop the ability to identify and address complex legal issues related to: (the legal status of children born through these technologies, the rights and obligations of parents and donors, the conflict between the child’s right to know their origin and the donor’s right to anonymity); to enhance understanding of bioethical dilemmas related to the creation of life, scientific research, and the limits of medical intervention;to foster critical thinking regarding the balance between reproductive autonomy and the protection of the public interest and the best interests of the child; to promote an interdisciplinary approach in the analysis of legal issues related to biotechnology and reproductive medicine; to develop the capacity for critical evaluation of legislation and judicial practice.
  • [EPRNM-02] Public Relations and New Media
    Course objectives:  To understand the basic concepts of public relations (PR) and their role in organizational communication.  To know the characteristics and functioning of new media and digital platforms in the field of PR.  To develop practical skills in the use of digital tools for effective communication with the public.  To analyze and evaluate communication strategies in real contexts.  To integrate theoretical knowledge with professional practice in planning PR campaigns. After completing the course, students will be able to:  Describe and explain the role of PR and the impact of new media in modern communication.  Analyze case studies and identify effective communication strategies.  Develop simple communication plans using digital tools and social media.  Evaluate the effectiveness of PR campaigns and their impact on the public.  Apply ethical and professional principles in communicating with the public and the media.
  • [EFE-129] Albanian Language and Writing Culture
    The course aim is to develop students’ linguistic and communicative competencies, including the correct use of the standard language, mastery of orthographic and grammatical rules, as well as the ability to analyze and interpret different types of texts. Students will also learn the principles and techniques of academic writing, including the structure of scientific papers, citation practices, and the use of academic sources. Upon completion of the course, students are expected to be able to produce clear, well-structured, and coherent texts, apply language norms accurately, and demonstrate critical reading and writing skills.
  • [EFB-03] Personal Finances
    The aim of the course is to provide students with knowledge and practical skills for effective personal financial management throughout life. The course focuses on developing competencies related to personal financial planning, managing income and expenses, understanding financial products and services, and making informed decisions regarding saving, investing, and debt management. Through the analysis of real-life financial situations and practical financial tools, students will develop the ability to manage financial resources responsibly and sustainably. After completing the course students will be able to: • understand the fundamental concepts and principles of personal financial management; • prepare personal budgets and short-term and long-term financial plans; • analyze different saving and investment options to achieve financial goals; • manage credit, debt, and the use of banking and financial products; • evaluate financial risks and understand the role of insurance in risk management; • plan long-term financial goals such as investment and retirement planning; • make informed and responsible financial decisions in personal and professional contexts.
  • [EBE-408] Project Management
    This course aims to introduce students to the world of modern projects and prepare them to face the opportunities and real-life economic challenges involved in designing and implementing projects that meet actual needs. It focuses on understanding the phases of project development, as well as the essential role of the project manager in defining needs, scope, implementation activities, and the complexity of modern project design. In addition, the course aims to equip students with the skills to use contemporary project management tools and techniques, transforming an idea or need into a real, structured, and documented project. In this way, students develop creativity, innovation, and greater competitiveness in the labour market.
  • [EBE-403] Business Plan
    This course aims to provide students with theoretical and practical knowledge on developing and preparing a business plan. It focuses on analyzing business ideas, market evaluation, financial and operational planning, as well as strategies for implementing and developing a sustainable business.
  • [E2997] Common Sense Economics
    This course aims to provide students with a practical understanding of fundamental economic principles, helping them apply economic reasoning in everyday decision-making at both personal and professional levels. The course emphasizes the importance of individual responsibility, market processes, sound economic policies, and the role of institutions in improving economic well-being.
  • [EDOL-03] Digital and Online Literacy
    The Digital and Online Literacy subject is a one-semester course with 3 hours per week, which is offered in undergraduate studies. The course is tailored to the needs of students and incorporates various 21st century skills, which are related to the effective use of technology. The course contains three categories of 21st century skills. Upon completion of the subject, students will be able to search for and access online information, using a variety of digital tools, critically evaluate the authenticity of online materials and make distinguish between true and false sources, show understanding of ethical issues in the academic context, understand how quotes are used fairly, learn how to communicate professionally efficiently, understand the basics of cybersecurity, as well as the positive and negative aspects of creating an online identity, investigate cyberbullying and identify possible choices to reduce online concerns.
  • [E2531] English Literature and Film
    The aims of the course are as follows: - To help students develop critical thinking skills through film analysis - To discuss, evaluate and compile critical comments - critical analysis of literary and informative texts - discussion and analysis of student work and evaluation by colleagues / peers - To present different perspectives, supporting claims, use of sensory language.
• [6 ECTS] Business Elective Course
  • [E3079] Business Ethics and Corporate Responsibility
    Aims: 1. Introduce core ethical theories and frameworks relevant to business decisions. 2. Explain the historical evolution and contemporary scope of corporate social responsibility (CSR). 3. Develop skills for identifying ethical issues in diverse business contexts. 4. Analyze stakeholder interests and the ethical implications of managerial choices. 5. Evaluate corporate governance structures and their role in ethical oversight. 6. Examine legal, regulatory, and voluntary mechanisms that shape responsible business conduct. 7. Explore sustainability, environmental ethics, and the business responses to climate change. 8. Foster effective ethical reasoning, argumentation, and decision-making skills. 9. Encourage awareness of cross-cultural and global dimensions of business ethics. 10. Prepare students to design and assess CSR strategies and ethical policies for organizations.
  • [E3080] Business Consulting and Problem Solving
    Aims: • Understand the role and process of business consulting. • Develop skills for identifying and analyzing organizational problems. • Apply structured methods and tools for problem solving. • Improve teamwork and professional presentation skills. After completing the course, students will be able to: • Analyze complex organizational problems. • Apply structured problem-solving methods. • Develop strategic recommendations for businesses. • Present and justify professional solutions.
  • [CBEE-803] Labor Market
    The main purpose of the subject is to provide students with basic knowledge and in-depth knowledge in the field of labor market theory, then with the mechanism of its functioning in the market economy. The purpose of the Labor Market is to offer and teach students the categories, laws and main principles by which the labor market operates. The subject provides a detailed analysis of the behavior and role played by key labor market agents: individuals, firms and government. The analysis is based on two basic categories: job demand and job supply, which find application in almost all topics covered in this course. The knowledge gained by students in this subject serves as a basic theoretical basis necessary to understand and master the various theories and policies applied in the labor market. The course aims for students to understand how labor markets efficiently distribute and use the rare factor of production, labor. Lectures include knowledge of job demand and job supply concepts and their practical application; bringing individuals into the labor market to maximize their usefulness; bringing firms to the labor market that aim to maximize profit; the role of government in the labor market, different structures of labor markets: labor market in full competition, monopoly in the labor market, monopsony in the labor market, the role of trade unions in the labor market, bilateral monopoly in the labor market. Lectures and discussions in the classroom cover materials that may not be in the book and some aspects of the materials included in the basic textbook will not be discussed in class, but are left to the student's active study. Therefore, in order to guarantee success in the best possible acquisition of the subject, the student must be present in lectures and seminars, and to actively participate in the discussion of various problems related to the labor market.
  • [EBEE-605] Environmental Economics
    Environmental economics aims for students to gain knowledge about: - main sources and types of environmental agents; - steps in the regulatory process towards risk assessment and risk management, as well as knowledge to identify current legislation and regulations related to environmental issues; - filling in the gaps related to the health effects of environmental agents and identifying areas of uncertainty in the risk assessment process, and - identifying and defining steps in the risk assessment and management process.
  • [EBA034] Local Economic Development
    Through the subject it is intended that students achieve: - comprehensively understand the complexity of local economic development, as well as the aspects that constitute the local economic development portfolio; - to critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - assess the importance of networks established between stakeholders in the public sector, business sector and local government, respectively municipalities; - to choose scientific instruments for the evaluation of acceptable strategies for local economic development, etc.
  • [C2132] E-Commerce
    Course Objectives: To introduce students to the fundamentals of e-commerce as an intersection of business, technology, and society. To provide knowledge of digital business models, e-commerce infrastructure, and online platforms. To analyze the economic, social, and regulatory implications of e-commerce. To develop skills for evaluating e-commerce market strategies, technologies, and trends. To encourage critical thinking about issues of trust, security, privacy, and ethics in the digital economy. To provide students with practical tools for designing and implementing e-commerce solutions. Upon completion of the course, students will be able to: Define and explain key concepts and theories of e-commerce.  Identify and evaluate different e-commerce business models and revenue generation strategies.  Analyze the role of internet, web, and mobile infrastructure in enabling e-commerce.  Assess marketing strategies, advertising, and consumer behavior in e-commerce.  Apply knowledge of payment systems, security, and regulatory frameworks in practice.  Conduct case study analyses of real-world e-commerce companies.  Design and present an e-commerce project or business plan.  Work collaboratively to propose solutions to digital transformation challenges.
  • [E2750] Data Analysis with Python/R
    Aims of the course program: • To understand the fundamental methodologies of data analysis. • To use tools and libraries for data analysis in Python/R. • To practically apply knowledge from statistics and data analysis. • To interpret and present analytical results through reporting and data analysis techniques. After completing this course, students will be able to: 1. Use Python/R for data preparation and analysis. 2. Apply basic statistical and analytical techniques to real datasets. 3. Clean, transform, and organize data for further analysis. 4. Interpret data analysis results in a business context. 5. Prepare analytical reports using appropriate tools. 6. Apply data analysis methods as a foundation for more advanced courses in the program.
  • [EBEF-801] Financial Modeling
    The aim of the course is to equip students with practical skills to build and analyze financial models for economic decision-making. Upon completion of the course, students will be able to construct simple and complex financial models, analyze financial data, forecast financial performance, and provide recommendations based on quantitative analysis.
  • [E3085] Entrepreneurial Finance
    The aim of this course is to focus on the financial challenges faced by startups and high-growth ventures. It examines sources of entrepreneurial financing, including venture capital, angel investment, crowdfunding, and private equity. Upon successful completion of this course students will be able to: - Understand the financial lifecycle of entrepreneurial ventures. - Analyze startup financial statements and funding requirements. - Apply data analytics tools to evaluate startup performance and risk. - Build financial projections and valuation models for startups. - Understand venture capital structures and investment decisions. - Use AI and predictive analytics to assess startup growth potential. - Design funding strategies for innovative businesses.
  • [E3086] Negotiation and Conflict Management
    The aim of this course is to provide students with theoretical and practical knowledge about negotiation processes and conflict management in organizational and business environments. The course focuses on developing analytical and practical skills for planning and conducting effective negotiations and managing conflicts constructively. After completing the course students will be able to: • understand key concepts and processes of negotiations • analyze negotiation situations in business contexts • apply effective negotiation strategies and tactics • identify and manage conflicts in organizations • develop communication and decision-making skills in negotiation situations
  • [E3084] Sales Management and Customer Relationships
    The aim of this course: • To understand the role and importance of sales management within the organizational structure of a company. • To analyze sales strategies and market opportunities, taking into account product characteristics and customer needs. • To evaluate sales opportunities in alignment with the strategic goals and objectives of the organization. • To develop professional sales skills and effective practices in managing customer relationships that enhance the long-term value of the customer. • To utilize Customer Relationship Management (CRM) tools and technologies to improve sales processes, customer communication, and post-sales relationship management.
  • [CEM-503] Human Resource Management
    The aim of this course is to provide students with knowledge of the main concepts and practices of human resource management in organizations. The course focuses on recruitment, selection, motivation, employee development, and performance management, as well as the role of human resources in improving organizational effectiveness. After completing the course students will be able to: • understand key concepts and functions of human resource management • analyze recruitment and employee selection processes • understand the importance of motivation and employee development • analyze performance management systems • develop skills for managing interpersonal relationships in organizations

Semester 7

• [E3000] [6 ECTS] Risk Management
  This course aims to provide students with a comprehensive understanding of the principles, concepts, and practices of risk management in financial and business environments. It focuses on identifying, measuring, analyzing, and managing different types of risks, including market, credit, liquidity, and operational risks. The course also aims to develop students’ analytical and decision-making skills by introducing modern tools and techniques used in risk assessment and control. Through practical examples and case studies, students will learn how to design and implement effective risk management strategies that support organizational stability and sustainable performance.
• [C2631] [6 ECTS] Monetary Economics
  This course aims to provide students with a comprehensive understanding of monetary theory and policy, focusing on the role of money, banking systems, and central banks in the economy. It examines how monetary policy influences inflation, interest rates, output, and overall economic stability. The course also explores the functioning of financial markets, the transmission mechanisms of monetary policy, and the interaction between monetary and fiscal policy. Students will develop analytical skills to evaluate macroeconomic developments and the effectiveness of monetary policy in different economic contexts.
• [C2134] [6 ECTS] Business Analytics and Modeling
  The subject focuses on the process of transforming data into information for solving business problems in the real world. The subject has a phased approach to knowledge generation: first, descriptive analytics is taught where visual analysis is used to characterize data; second, it teaches recommendatory analytics that focus on optimal strategies that "should" be undertaken in the future; third, predictive analytics is taught that focuses on the use of algorithms for predicting the future based on historical data. Topics include: data exploration, data preparation, nonlinear optimization, etc.
• [E2591] [6 ECTS] Digital Business
  Course objectives: - Understanding the basic definition and hierarchy of knowledge for digital business and understanding the processes related to the operation, marketing techniques and technological issues of digital systems; - Analyzing data on user activity in order to make informed decisions regarding marketing and business management in the organization and product / service development; - Application of basic online positioning (SEO) techniques in creating the marketing image of the organization, as well as the product brand (branding); - Recognizing and understanding the importance of the Internet as an environment for creating social and business processes; - Demonstrate the tendency for active use of the Internet in economic and social activities and the creation of your career.
• [6 ECTS] Avanced elective courses
  • [E3092] Behavioral Economics
    The aim of the course is to study the social, cognitive and emotional factors of individual and institutional economic decisions, as well as the consequences of changes in market price, profits and resource allocation. The behavioral model is integrated by economic theory and includes a range of concepts, methods, and research areas.
  • [E3081] FinTech and Digital Finance
    The aim of this course is to provide students with theoretical and practical knowledge about the development of financial technologies, the digital transformation of financial services, new payment models, digital banking, digital lending, blockchain, crypto-assets, decentralized finance, and the regulatory, security, and consumer protection challenges of the modern financial ecosystem. Upon successful completion of the course, students will be able to: • explain the fundamental concepts of FinTech and digital finance; • analyze the impact of digital transformation on banks, financial institutions, and financial markets; • distinguish major models of digital payments, digital banking, crowdfunding, peer-to-peer lending, and insurtech; • evaluate the potential and limitations of blockchain, smart contracts, crypto-assets, and DeFi; • identify risks related to cybersecurity, privacy, digital fraud, and data protection; • interpret key regulatory, ethical, and compliance issues in digital finance; • use case studies and practical analysis to assess FinTech solutions in real business and financial contexts.
  • [EACS-19] Data Visualization
    The aim of this course is to equip students with knowledge and practical skills for effective data visualization and interpretation of analytical results. Students will learn principles of visual design, methods for presenting complex datasets, and the use of modern tools for creating charts, dashboards, and interactive visualizations. After completing the course students will be able to: • understand key principles of data visualization • analyze and interpret data using graphical representations • use modern tools for creating data visualizations • design effective visualizations for presenting analytical results • communicate complex information through visual formats
  • [EFB-02] Game Theory and Business Strategy
    This subject focuses on analytical methods derived from game theory, which provides a rigorous analytical framework for structuring competitive situations, identifying alternatives, and choosing between them. The basic approach will be to break down the complexity of the pieces, continue to use the tools provided by game theory to analyze these pieces, and then assemble the pieces into a coherent logical understanding. The goal is to become better strategic decision makers when faced with competitive challenges. The main objectives will be to use the concepts and tools of game theory to identify, diagnose and analyze the competitive challenges faced by companies in the dynamic environment and to apply the concepts and tools of game theory to develop strategies that will give them a competitive advantage.
  • [E2589] Business Process Management
    To maximize value creation, organizations must carefully analyze, document, and continuously assess the efficiency and effectiveness of their business processes. With a focus on the fundamentals of business process management, the objective of this subject is to learn how information technology is used to enable and manage business processes. The three main topic areas of the subject are enterprise data exchange, enterprise systems, and process management and analysis.
  • [E3082] Emerging topics in Business and AI
    The aim of this course is to introduce students to emerging developments in artificial intelligence and their impact on business. The course explores AI applications in decision-making, marketing, finance, operations, and the digital transformation of organizations Upon successful completion of the course, students will be able to: • explain the fundamental concepts of artificial intelligence in business; • analyze the impact of AI on business models and organizational strategies; • identify applications of AI in marketing, finance, and operations; • evaluate ethical and regulatory challenges related to the use of AI; • analyze emerging AI technologies and their impact on business and the economy.
  • [E2588] Financial Data Analysis
    The aim of this course is to provide students with knowledge and practical skills in analyzing financial data using statistical methods, econometric models, and modern data analytics techniques. The course focuses on applying programming tools and analytical techniques to analyze financial markets, model financial risk, and support financial decision-making. After completing the course students will be able to: • understand key concepts of financial data analytics • apply statistical and econometric methods to financial data • analyze financial time series and forecast trends • use programming tools for financial data analysis • interpret analytical results for financial decision-making
  • [E3083] Applied Accounting
    The aim of this course is to provide students with practical knowledge of accounting applications in organizations using accounting software and standard financial documentation. Students will learn how financial transactions are recorded and how financial reports are prepared. Learning outcomes: After completing the course students will be able to: • understand basic accounting processes in organizations • record financial transactions in accounting systems • use accounting software for financial data processing • prepare basic financial reports • interpret financial information for decision-making
  • [EBEM-504] International Marketing
    The course aims to provide students with a comprehensive understanding of marketing in a global context. Upon completion of the course, students will be able to analyze the global marketing environment, including cultural, political, economic, and legal factors that influence international business. They will develop strategies for entering and competing in international markets, apply marketing concepts to global branding, product adaptation, pricing, distribution, and promotion, and evaluate consumer behavior across different countries and cultures. Furthermore, students will learn to use metrics and analytical tools to assess the effectiveness of international marketing strategies and apply theoretical concepts to real-world global marketing challenges through case studies.
  • [E2579] Real Estate Finance and Investment Analysis
    The aim of the course is to provide students with knowledge and analytical skills for evaluating real estate as an important asset class. The course focuses on real estate market analysis, property valuation, financing structures, and investment decision-making. After completing the course students will be able to: • analyze real estate markets and investment opportunities • apply valuation techniques to determine property value • evaluate financing and mortgage structures • conduct investment analysis using NPV, IRR, and cash flow models • assess risk and return in real estate investments • make informed investment decisions based on financial analysis
  • [E3087] Environmental Data Analysis and Carbon Accounting
    The aim of this course is to provide students with theoretical and practical knowledge on environmental data analysis and the key principles of carbon accounting. The course aims to develop students’ abilities to collect, analyze, and interpret environmental data, as well as to assess greenhouse gas emissions at institutional, local, and national levels. Through the application of statistical methods and analytical tools, students will understand the role of data in shaping environmental policies and sustainability strategies.
  • [E3032] Logistics and Automation
    The course aims: - Introduce students to the technical and automation aspects of logistics systems. - Strengthen understanding of how information and automation technologies enhance modern logistics. - Provide practical insight into the role of digitalization and Industry 4.0 in optimizing value chains. - Develop analytical and problem-solving skills in logistics automation.
  • [EBA-075] Аuditing
    This course aims to provide students with in-depth knowledge of the conceptual, theoretical, and practical aspects of auditing. It builds upon students’ prior knowledge in accounting and prepares them to understand the professional role and function of auditing in practice. The main objective of the course is to address key issues faced by the auditing profession at both local and international levels, while analyzing the environment in which it operates. The course focuses on professional standards, ethical principles, and the legal framework governing auditing activities. Students will be guided through a structured approach that follows all stages of the auditing process, from engagement acceptance to the preparation and presentation of the final audit report, developing practical and professional skills for the auditing profession.

Semester 8

• [CBEE-603] [6 ECTS] Econometrics
  The aim of the course is to equip students with knowledge and skills to apply statistical and mathematical methods in the analysis of economic data. The course develops competencies in constructing and interpreting econometric models, testing hypotheses, and making forecasts. Learning outcomes: Students will understand the theoretical foundations of econometrics and its connection to economics. They will be able to construct and interpret linear regression models. They will gain practical skills in using statistical software for econometric analysis. They will be capable of applying econometric methods for analysis and decision-making in economics and finance.
• [CBEF-01] [6 ECTS] International Finance
  The aim of the course is to provide students with knowledge of the international financial system, foreign exchange markets, and global financial flows. The course focuses on exchange rates, international investments, risk management, and financial decision-making in a global context. After completing the course students will be able to: • Explain the structure and functioning of the international financial system and global capital markets • Analyze exchange rate dynamics using theoretical models and real-world data • Evaluate international investment opportunities considering risk, return, and macroeconomic conditions • Apply hedging techniques and financial instruments to manage currency and financial risks • Interpret the impact of macroeconomic indicators (inflation, interest rates, monetary policy) on international financial decisions • Assess global financial crises and their implications for international business and policy • Formulate data-driven financial decisions in an international business environment
• [CBEF-602] [6 ECTS] Public Finance
  Course objectives: 1. To analyze fiscal policies and their macroeconomic and microeconomic effects, as well as to compare them with fiscal practices in other countries. 2. To understand the role of taxation and public finance as fundamental instruments for economic development and social welfare. 3. To gain knowledge about public goods, externalities, income redistribution, and the tax system at both comparative and national levels. 4. To acquire practical knowledge about the budget and extra-budgetary funds, including preparation, implementation, and control procedures. 5. To develop a critical perspective on the functioning of fiscal systems and the long-term trends of fiscal policy in North Macedonia.
• [C2867] [6 ECTS] Capstone Project
  The Capstone Project represents an independent form of academic and applied research through which the student demonstrates the theoretical and practical knowledge acquired during the studies. The thesis focuses on analyzing contemporary issues in the fields of Finance, Banking and Accounting, by using appropriate research methods and relevant scientific sources. Through the diploma thesis, students develop analytical, critical, and professional skills in identifying and solving real problems within the business and economic environment. Furthermore, the thesis contributes to preparing students for the labor market and for continuing their studies at higher academic cycles.
• [6 ECTS] Avanced elective courses
  • [E3092] Behavioral Economics
    The aim of the course is to study the social, cognitive and emotional factors of individual and institutional economic decisions, as well as the consequences of changes in market price, profits and resource allocation. The behavioral model is integrated by economic theory and includes a range of concepts, methods, and research areas.
  • [E3081] FinTech and Digital Finance
    The aim of this course is to provide students with theoretical and practical knowledge about the development of financial technologies, the digital transformation of financial services, new payment models, digital banking, digital lending, blockchain, crypto-assets, decentralized finance, and the regulatory, security, and consumer protection challenges of the modern financial ecosystem. Upon successful completion of the course, students will be able to: • explain the fundamental concepts of FinTech and digital finance; • analyze the impact of digital transformation on banks, financial institutions, and financial markets; • distinguish major models of digital payments, digital banking, crowdfunding, peer-to-peer lending, and insurtech; • evaluate the potential and limitations of blockchain, smart contracts, crypto-assets, and DeFi; • identify risks related to cybersecurity, privacy, digital fraud, and data protection; • interpret key regulatory, ethical, and compliance issues in digital finance; • use case studies and practical analysis to assess FinTech solutions in real business and financial contexts.
  • [EACS-19] Data Visualization
    The aim of this course is to equip students with knowledge and practical skills for effective data visualization and interpretation of analytical results. Students will learn principles of visual design, methods for presenting complex datasets, and the use of modern tools for creating charts, dashboards, and interactive visualizations. After completing the course students will be able to: • understand key principles of data visualization • analyze and interpret data using graphical representations • use modern tools for creating data visualizations • design effective visualizations for presenting analytical results • communicate complex information through visual formats
  • [EFB-02] Game Theory and Business Strategy
    This subject focuses on analytical methods derived from game theory, which provides a rigorous analytical framework for structuring competitive situations, identifying alternatives, and choosing between them. The basic approach will be to break down the complexity of the pieces, continue to use the tools provided by game theory to analyze these pieces, and then assemble the pieces into a coherent logical understanding. The goal is to become better strategic decision makers when faced with competitive challenges. The main objectives will be to use the concepts and tools of game theory to identify, diagnose and analyze the competitive challenges faced by companies in the dynamic environment and to apply the concepts and tools of game theory to develop strategies that will give them a competitive advantage.
  • [E2589] Business Process Management
    To maximize value creation, organizations must carefully analyze, document, and continuously assess the efficiency and effectiveness of their business processes. With a focus on the fundamentals of business process management, the objective of this subject is to learn how information technology is used to enable and manage business processes. The three main topic areas of the subject are enterprise data exchange, enterprise systems, and process management and analysis.
  • [E3082] Emerging topics in Business and AI
    The aim of this course is to introduce students to emerging developments in artificial intelligence and their impact on business. The course explores AI applications in decision-making, marketing, finance, operations, and the digital transformation of organizations Upon successful completion of the course, students will be able to: • explain the fundamental concepts of artificial intelligence in business; • analyze the impact of AI on business models and organizational strategies; • identify applications of AI in marketing, finance, and operations; • evaluate ethical and regulatory challenges related to the use of AI; • analyze emerging AI technologies and their impact on business and the economy.
  • [E2588] Financial Data Analysis
    The aim of this course is to provide students with knowledge and practical skills in analyzing financial data using statistical methods, econometric models, and modern data analytics techniques. The course focuses on applying programming tools and analytical techniques to analyze financial markets, model financial risk, and support financial decision-making. After completing the course students will be able to: • understand key concepts of financial data analytics • apply statistical and econometric methods to financial data • analyze financial time series and forecast trends • use programming tools for financial data analysis • interpret analytical results for financial decision-making
  • [E3083] Applied Accounting
    The aim of this course is to provide students with practical knowledge of accounting applications in organizations using accounting software and standard financial documentation. Students will learn how financial transactions are recorded and how financial reports are prepared. Learning outcomes: After completing the course students will be able to: • understand basic accounting processes in organizations • record financial transactions in accounting systems • use accounting software for financial data processing • prepare basic financial reports • interpret financial information for decision-making
  • [EBEM-504] International Marketing
    The course aims to provide students with a comprehensive understanding of marketing in a global context. Upon completion of the course, students will be able to analyze the global marketing environment, including cultural, political, economic, and legal factors that influence international business. They will develop strategies for entering and competing in international markets, apply marketing concepts to global branding, product adaptation, pricing, distribution, and promotion, and evaluate consumer behavior across different countries and cultures. Furthermore, students will learn to use metrics and analytical tools to assess the effectiveness of international marketing strategies and apply theoretical concepts to real-world global marketing challenges through case studies.
  • [E2579] Real Estate Finance and Investment Analysis
    The aim of the course is to provide students with knowledge and analytical skills for evaluating real estate as an important asset class. The course focuses on real estate market analysis, property valuation, financing structures, and investment decision-making. After completing the course students will be able to: • analyze real estate markets and investment opportunities • apply valuation techniques to determine property value • evaluate financing and mortgage structures • conduct investment analysis using NPV, IRR, and cash flow models • assess risk and return in real estate investments • make informed investment decisions based on financial analysis
  • [E3087] Environmental Data Analysis and Carbon Accounting
    The aim of this course is to provide students with theoretical and practical knowledge on environmental data analysis and the key principles of carbon accounting. The course aims to develop students’ abilities to collect, analyze, and interpret environmental data, as well as to assess greenhouse gas emissions at institutional, local, and national levels. Through the application of statistical methods and analytical tools, students will understand the role of data in shaping environmental policies and sustainability strategies.
  • [E3032] Logistics and Automation
    The course aims: - Introduce students to the technical and automation aspects of logistics systems. - Strengthen understanding of how information and automation technologies enhance modern logistics. - Provide practical insight into the role of digitalization and Industry 4.0 in optimizing value chains. - Develop analytical and problem-solving skills in logistics automation.
  • [EBA-075] Аuditing
    This course aims to provide students with in-depth knowledge of the conceptual, theoretical, and practical aspects of auditing. It builds upon students’ prior knowledge in accounting and prepares them to understand the professional role and function of auditing in practice. The main objective of the course is to address key issues faced by the auditing profession at both local and international levels, while analyzing the environment in which it operates. The course focuses on professional standards, ethical principles, and the legal framework governing auditing activities. Students will be guided through a structured approach that follows all stages of the auditing process, from engagement acceptance to the preparation and presentation of the final audit report, developing practical and professional skills for the auditing profession.