Semester 1

• [C2639] [6 ECTS] Business Mathematics
  The aim of the course is to get acquainted with the basic and advanced concepts of elementary algebra, elements of linear algebra and application in business and economics, arrays, array boundaries, number lines, application of geometric lines in business and economics and financial mathematics. Ability to use methods in linear algebra, arrays and numbers, and financial mathematics. To uderstand the needs of applying basic and advanced mathematical methods in solving many business and economic problems. To develop the quantitative analytical ability for further participation in practical research in the field of business and economics.
• [C2645] [6 ECTS] Introduction to Environmental Law
  This course will enable students to acquire the most important knowledge in the field of environmental law, ranging from national to international law. In particular, they will gain knowledge about the complex framework of environmental legislation and the standards that should be respected in this area. Thus, environmental law is studied as an academic discipline, perspectives, conceptual theoretical and practical problems in the implementation of environmental law. The aim is to acquire knowledge in the field of environmental law and to help students develop their knowledge in this area.
• [C2638] [6 ECTS] Fundamentals of Economics and Business
  The main aim of the course is to develop a basic understanding of the main economic concepts and theories used in the analysis of economic issues. This course is designed to enable students to gain knowledge on the basic principles, concepts and techniques in economics as a science and in economic analysis. At the end of the course students should be able to "think like economists". This course offers research on the principles of micro and macroeconomics, with a focus on applying knowledge in decision making in a global environment. Upon completion of the course, students should be able to: use the supply and demand model and determine the impact of changes in supply or demand on price and quantity; determine GDP and calculate the measurement, use and constraints of GDP as a measure of economic well-being; determine and calculate inflation, learn about the consequences and how to adapt to them; as well as describe the roles and assets of the central bank.
• [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 cary 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
  • [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.
  • [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.
• [6 ECTS] Elective/Digital Comptenecies
  • [E2610] Selected chapters in IT Skills
    The objective of this subject is: - To show students the technical elements, the structure of the text and the design of various works during their studies. - To enable students to gain knowledge on IT skills, which will be needed for the processing of scientific papers, professional and presentations. - To train students for the practical application of IT skills.
  • [EMOA-01] Microsoft Office Access
    The Microsoft Official Academic Course (MOAC) for Access 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 15 lessons and covers all product areas required to pass the MOS 77-730 exam.
  • [E2694] Microsoft Office Excel
    Kursi Zyrtar Akademik i Microsoft (MOAC) për Aksesin 2016, ofron përvojën praktike për të rritur aftësitë tuaja personale të produktivitetit. Ky program është i ndarë në 15 mësime dhe mbulon të gjitha fushat e produktit që kërkohet për të kaluar provimin MOS 77-730. The Microsoft Official Academic Course (MOAC) for Access 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 13 lessons and covers all product areas required to pass the MOS 77-727 exam.
  • [EMOPP-03] Microsoft Office PowerPoint
    Microsoft Official Academic Course (MOAC) for PowerPoint 2016, provides hands-on experience to enhance your personal productivity skills. This program is divided into 11 teaching resources and covers all product areas required to pass the MOS 77-729 exam.
  • [EMOW-04] Microsoft Office Word
    Microsoft Official Academic Course (MOAC) for Word 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 11 teaching resources and covers all product areas required to pass the MOS 77-725 exam.
  • [EWC-01] Web Creation
    The aim of the subject is to develop a simple website based on current standards. It requires knowledge of Hypertext Markup Language (HTML) and Cascading Style Sheets (CSS). Most websites use images in the form of banners, logos, images, or scans. Adobe Fireworks is built as a tool to create and manipulate images designed for the web and to allow creators to select these images in order to reduce the file size. Fireworks also enables seamless integration with Dreamweaver. This course offers a series of activities that enable a comprehensive introduction to HTML, CSS and web image creation.
  • [EDMD-02] Digital Media Design
    The aim of the subject is to design and process raster and vector graphics through major software, such as Adobe Photoshop and Illustrator, as well as to design and publish commercial print materials using Adobe In Design.
  • [E2609] Google Education Apps
    Conceptual summary with practical instructions for using the educational potential of G Suite. This identifies the learning principles that enable the effective use of the G Suite to create learning environments that enhance educational communication. This course is organized in a series of modules. The modules are attached to a summary menu, which can be accessed on the "Google Education" page, which organizes the modules in the same order in which they will be discussed in class.
  • [E2741] IT Hardware and Software Fundamentals
    This course aims to provide students with a solid foundation in the principles of computer hardware and software systems. It introduces the basic components of computer architecture, operating systems, and application software, as well as their interaction within a computing environment. Students will develop an understanding of how hardware and software work together to process, store, and manage information, and will gain practical knowledge of installing, configuring, and maintaining basic IT systems. The course also aims to build essential problem-solving skills related to common hardware and software issues in modern computing environments.
  • [E2742] Introduction to Cybersecurity
    This course aims to provide students with a foundational understanding of cybersecurity principles, concepts, and practices. It introduces the main types of cyber threats, vulnerabilities, and attacks, as well as the methods used to protect information systems, networks, and data. Students will develop awareness of security risks in digital environments and gain basic knowledge of security technologies, policies, and best practices for safeguarding information. The course also aims to build analytical and problem-solving skills needed to identify, assess, and respond to common cybersecurity challenges.

Semester 2

• [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 main purpose of this course is for students to acquire the necessary knowledge on the basic principles and concepts of microeconomics. This course will provide and prepare business economics students with analytical tools for the necessary analysis and resolution of relevant microeconomic issues. In fact, economics as a discipline of social science studies the efficient allocation of resources through basic and market mechanisms to achieve maximum satisfaction of the needs of society. Within microeconomics, students will study the basics of market mechanisms and the role of the market in resource allocation in economics. Through supply and demand and market equilibrium as essential tools in economic analysis, students will learn how buyers and sellers achieve their goals, that is to say, how market efficiency is achieved. Also, in the subject of microeconomics, students will gain knowledge about market structures and state regulation and the need for the state to intervene in certain markets. One of the important goals of the course will be to provide students with the opportunity to use the right techniques to analyze and implement problems related to microeconomics.
• [C2292] [6 ECTS] Calculus
  Course syllabus aims: - Students gain skills to apply their knowledge of functions with a real variable to solve various problems in business and economics; - Students apply differential calculus to solve various problems in business and economics; - Students to apply integral computing to solve various problems in business and economics.
• [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 cary 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
  • [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.
  • [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.
• [6 ECTS] Elective/Digital Comptenecies
  • [E2610] Selected chapters in IT Skills
    The objective of this subject is: - To show students the technical elements, the structure of the text and the design of various works during their studies. - To enable students to gain knowledge on IT skills, which will be needed for the processing of scientific papers, professional and presentations. - To train students for the practical application of IT skills.
  • [EMOA-01] Microsoft Office Access
    The Microsoft Official Academic Course (MOAC) for Access 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 15 lessons and covers all product areas required to pass the MOS 77-730 exam.
  • [E2694] Microsoft Office Excel
    Kursi Zyrtar Akademik i Microsoft (MOAC) për Aksesin 2016, ofron përvojën praktike për të rritur aftësitë tuaja personale të produktivitetit. Ky program është i ndarë në 15 mësime dhe mbulon të gjitha fushat e produktit që kërkohet për të kaluar provimin MOS 77-730. The Microsoft Official Academic Course (MOAC) for Access 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 13 lessons and covers all product areas required to pass the MOS 77-727 exam.
  • [EMOPP-03] Microsoft Office PowerPoint
    Microsoft Official Academic Course (MOAC) for PowerPoint 2016, provides hands-on experience to enhance your personal productivity skills. This program is divided into 11 teaching resources and covers all product areas required to pass the MOS 77-729 exam.
  • [EMOW-04] Microsoft Office Word
    Microsoft Official Academic Course (MOAC) for Word 2016 provides hands-on experience to enhance your personal productivity skills. This program is divided into 11 teaching resources and covers all product areas required to pass the MOS 77-725 exam.
  • [EWC-01] Web Creation
    The aim of the subject is to develop a simple website based on current standards. It requires knowledge of Hypertext Markup Language (HTML) and Cascading Style Sheets (CSS). Most websites use images in the form of banners, logos, images, or scans. Adobe Fireworks is built as a tool to create and manipulate images designed for the web and to allow creators to select these images in order to reduce the file size. Fireworks also enables seamless integration with Dreamweaver. This course offers a series of activities that enable a comprehensive introduction to HTML, CSS and web image creation.
  • [EDMD-02] Digital Media Design
    The aim of the subject is to design and process raster and vector graphics through major software, such as Adobe Photoshop and Illustrator, as well as to design and publish commercial print materials using Adobe In Design.
  • [E2609] Google Education Apps
    Conceptual summary with practical instructions for using the educational potential of G Suite. This identifies the learning principles that enable the effective use of the G Suite to create learning environments that enhance educational communication. This course is organized in a series of modules. The modules are attached to a summary menu, which can be accessed on the "Google Education" page, which organizes the modules in the same order in which they will be discussed in class.
  • [E2741] IT Hardware and Software Fundamentals
    This course aims to provide students with a solid foundation in the principles of computer hardware and software systems. It introduces the basic components of computer architecture, operating systems, and application software, as well as their interaction within a computing environment. Students will develop an understanding of how hardware and software work together to process, store, and manage information, and will gain practical knowledge of installing, configuring, and maintaining basic IT systems. The course also aims to build essential problem-solving skills related to common hardware and software issues in modern computing environments.
  • [E2742] Introduction to Cybersecurity
    This course aims to provide students with a foundational understanding of cybersecurity principles, concepts, and practices. It introduces the main types of cyber threats, vulnerabilities, and attacks, as well as the methods used to protect information systems, networks, and data. Students will develop awareness of security risks in digital environments and gain basic knowledge of security technologies, policies, and best practices for safeguarding information. The course also aims to build analytical and problem-solving skills needed to identify, assess, and respond to common cybersecurity challenges.

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.
• [C2148] [3 ECTS] Green and Sustainable Energy
  The objectives of the course study are: Improving students' understanding of environmental sustainability; Creating awareness among students about the social responsibility of companies; Understanding the role of green energy sources and technologies in mitigating the impact of greenhouse gases as a result of global warming; Students will be prepared on how to calculate system level performance, overall efficiency, cost, and environmental impact assessment of integrated green energy systems.
• [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-201] [6 ECTS] Principles of Accounting
  The purpose of the course syllabus is to help students understand the essence of accounting; learn the basics of accounting, concepts and principles of accounting. More specifically, the aim is for students to gain knowledge and understanding of the financial statements, their components, the basic rules of accounting, generally accepted accounting principles and the like.
• [CBE-301] [6 ECTS] Statistics
  The course provides an understanding of the basics of descriptive and statistical analysis. It aims to enable students to use basic statistical methods in solving business problems. By applying statistical methodology, students will be very successful in recognizing, discovering and explaining laws and the relationships between phenomena and economic phenomena.
• [3 ECTS] English Language
  • [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.
  • [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.

Semester 4

• [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.
• [C2642] [3 ECTS] Business Information Systems
  The course deals with the use of information systems in business ventures. In this course we will address the basics of information technology and the questions: where, why and how is it important for those working in companies to support business strategies and basic processes with computer-based systems. Students need to gain understanding and respect for using information systems to gain organizational efficiency, increase individual efficiency, and / or gain competitive advantage. In today’s global economy, the use of information technology has a proper role to be considered carefully within the enterprise. Information systems are used to shape products and services, companies, and even industries and countries. Technological change, including information systems, can be one of the most popular things in transforming competition rules to determine how well an organization is operating and whether it is successful.
• [C2632] [6 ECTS] HRM and Organizational Behavior
  This course aims to provide students with fundamental and advanced knowledge in the fields of human resource management and organizational behavior. It focuses on developing practical skills for effective people management, including motivation, communication, and leadership within organizations. Additionally, the course aims to equip students with the ability to analyze and solve real organizational situations by applying contemporary concepts and theories. Upon completion of the course, students will be able to:  Explain and interpret the key concepts of human resource management and organizational behavior.  Analyze interpersonal relationships and group dynamics within organizations.  Apply techniques and practices of staff management, including recruitment, selection, and performance evaluation.  Evaluate organizational situations and make decisions based on effective management principles.  Develop critical and analytical skills for problem-solving in organizational contexts.
• [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.
• [C2646] [6 ECTS] Public Policies
  The aim of the course is to enable students to more easily understand and absorb public policy as a new scientific discipline and its relationship to other social sciences. Also through this course students will be introduced to the basic principles of public policy, creating a specific policy, its analysis, implementation and evaluation. Through practical classes, students will be introduced to different types of public policies as well as their holders or creators in practice, so that they are able to see the role and importance of citizen participation in the decision-making process on issues socially important.
• [3 ECTS] English Language
  • [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.
  • [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.

Semester 5

• [C2125] [6 ECTS] Strategic Marketing
  This subject aims to explore key topics in marketing strategy in depth. Marketing strategy focuses on managing customers in order to maximize company profits. The subject emphasizes a strategic approach to managing the processes of targeting, acquiring, retaining, and developing customers. It also examines the management of both strategy and organizational structures to build and sustain valuable customers who contribute to company growth and profitability. In each module, a case study based on a real business problem will be analyzed, enabling students to apply the concepts learned and propose appropriate strategies for specific situations.
• [EBEE-604] [3 ECTS] Environmental Economics
  The subject of the program is to acquaint students with the field of environmental economics. It will first analyze how markets, without policy intervention, fail to capture external environmental influences. An analysis of possible regulatory measures and policy instruments available to correct such market failures, which may be an optimal social level of pollution, will be made. Then, various environmental assessment techniques will be introduced to help identify the costs and benefits of controlling external impacts on the environment.
• [C2151] [3 ECTS] Clean Technologies, Sustainable Production and Consumption
  The program aims to generate knowledge about the meaning of the term "climate technology", carbon footprint, what is a sustainable product, how to achieve sustainable production, what are the tools to calculate sustainability, etc. Currently, the largest investments worldwide are in the following three areas of technology: information technology, biotechnology and climate or clean technologies. In general, climate technologies are evolving in two directions: • Climate technologies for softening or mitigation (Clean Tech); • Climate technologies for adaptation or adjustment (Climate Tech). Clean Climate Technologies (Clean Tech) (clean energy, efficiency, energy conservation, transportation, clean industry, air and environment, water and agriculture) are various products, services and processes that aim to reduce or eliminate the negative impact on environment and improve the responsible use of natural resources.
• [CBM-502] [6 ECTS] Corporate Finances
  This course provides an introduction to the basics of finance, highlighting their application to a wide range of real-world situations involving personal finance, corporate decision-making, and financial intermediation. Key concepts and applications include: timely value for money, return on risk exchange, cost of capital, interest rates, pension savings, mortgage financing, capital budgeting, asset valuation, discounted cash flow analysis (DCF), net present value, internal rate of return, repayment period, etc.
• [6 ECTS] Elective from other unit
  • [CPA-101] Introduction to Public Administration
    Public administration is a special field of scientific interest. The subject: Introduction to Public Administration should provide students with knowledge on the basic concepts of public administration. Special attention will be paid to providing knowledge about the evolution of public administration, as well as the planned public administration reforms in our country. Students will also have the opportunity to get acquainted and critically analyze developments and phenomena in public administration. As the field of study is subject to constant change, special attention will be paid to new developments as well as classical theories of public administration study. The research material of this course consists of: basic definitions and knowledge of the principles and institutions of public administration, the role and importance of public administration in organized society, genesis and historical development of public administration, organizational structures of public administration, functioning of administrative institutions public, public administration services, decision making in AP.
  • [CPA-201] Public Leadership and Organizational Development
    This subject aims to introduce students to how leaders and managers develop and implement mission and vision achievements in a given public sector organization; developing the values needed for long-term success and implementing them through appropriate activities and skills; both leaders and leaders are personally involved in ensuring that security management systems are developed and implemented. It also informs them about how the organization accomplishes its mission and vision through a clear strategy based on the views of all stakeholders, supported by all relevant policies, plans, goals and processes.
  • [CPA-302] Introduction to Public Policies
    The subject aims to enable students to more easily understand public policies, the principles for their creation, leading a concrete policy, analysis, implementation, evaluation and development. Public policy management is the problem-solving discipline that results in knowledge of the basic methodologies and theories of the social sciences, social professions, and policy philosophy.
  • [CLE-101] Introduction to Law
    This course aims to provide students with basic knowledge of the fundamental principles of law and the legal system. It covers key legal concepts, sources of law, the structure of legal institutions, and the role of law in society.
  • [ELE-708] Introduction to Criminalistics
    This course aims to provide students with basic knowledge of the principles, methods, and techniques of criminalistics. It covers the methods of detecting, collecting, analyzing, and interpreting physical evidence in the investigation of criminal offenses, as well as the role of criminalistics in the criminal justice process.
  • [E2843] Labour and social security law
    This course aims to provide students with basic knowledge of the principles and key institutions of labour law and the social security system. It covers employment relationships, the rights and obligations of employers and employees, as well as mechanisms of social protection and social insurance.
  • [E2842] International law on human rights
    This course aims to provide students with basic knowledge of the principles, instruments, and mechanisms of international human rights law. It covers international human rights standards, systems for their protection and enforcement, as well as the role of international organizations in promoting and protecting human rights.
  • [ELE-607] Intellectual property law
    This course aims to provide students with basic knowledge of the principles, concepts, and key institutions of intellectual property law. It covers the legal protection of copyrights, patents, trademarks, and related rights, as well as their importance for innovation and economic development.
  • [E2996] New Reproductive Technologies and Law
    This subject aims to emphasize the fact that in contemporary society, there is no longer a universal model of family and parenting. By studying the course, students will gain knowledge about new technologies for artificial reproduction, which are part of contemporary birth policy. Students will learn in detail about all the new methods of reproduction of the human being, including: artificial insemination, in vitro fertilization, surrogate motherhood, childbirth by a woman with donated sperm, post human reproduction, co-parenting, gestation of a child by three persons, cryopreservation of gametes or embryos. Through this course, students will be informed that there are other forms that science offers, but are still considered prohibited processes: cloning, choosing the sex of the child, improving the physical, intellectual capacity of the future child (eugenics), etc. Through the study of this subject, students are expected to develop their critical thinking through debates on the many moral, ethical and legal dilemmas regarding these new technologies for the reproduction of the human being.
  • [ELE-408] Domestic Violence
    Domestic violence is a social phenomenon with wide dimensions and scope in contemporary society. It is present in all states and societies regardless of their development and emancipation. Immune to this phenomenon is neither our country nor the region in which we live. Therefore, law students through this course gain knowledge about what is domestic violence, the forms in which it manifests itself, legal regulations in the country, region and in the international sphere, as well as ways to prevent it. Through this course, students at the end of the course will be able to identify domestic violence, identify criminal offenses incriminated in the Criminal Code as domestic violence, and develop critical thinking about this issue. This course enables the future lawyer during the exercise of his profession as a judge, prosecutor or lawyer to deal as adequately as possible with cases from this area that have high sensitivity, as well as to provide assistance and protection as adequately as possible for victims of these offenses.
  • [CCS-101] Introduction to Computer Sciences
    This subject presents a broad and integrated introduction to the basic concepts of computer science. The course covers topics such as: history of calculation; logic and digital systems; introduction to computer architecture, simple algorithms, problem solving and data structures; access to programming languages, operating systems, databases, networks, software engineering and the web; types of applications, including description of some specific programs (word processors, databases, browsers, etc.); processing of traditional and multimedia data.
  • [CCS-102] Internet Technologies
    The main objective of the subject is to give students a practical knowledge of basic mechanisms, services and protocols of the global network - Internet. The course provides mastering of the overall architecture of an effective, scalable and secured web page. The students will acquire deep technical knowledge of XML, XHTML (lists, tables, figures, multimedia and forms), CSS (formatting, styles and layouts), and JavaScript (variables, conditions, loops and functions).
  • [CCS-402] Applied Probability and Statistics
    The objective of the subject is to provide students with the required knowledge of probabilities and statistics that have direct application in computer sciences. The aim is to learn about the processing of statistical data, their rules and presentation, and the laws for appropriate conclusions based on processed data. Furthermore, the students will learn about basic principles of probability and their application in different areas of everyday life, especially in the field of computer science.
  • [ECS-500] E-Commerce
    This course aims to provide students with basic knowledge of the concepts, models, and technologies of e-commerce. It covers the functioning of digital platforms, online buying and selling processes, electronic payment systems, as well as the importance of security and trust in online transactions.
  • [CISM2021] Introduction to Information Systems
    This course aims to provide students with basic knowledge of the concepts, components, and functioning of information systems. It covers the role of information technology in organizations, how data is transformed into useful information, as well as how information systems support decision-making and business processes.
  • [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.
  • [EFE-129] Albanian Language and Writing Culture
    The course, Albanian language and writing culture, is a synthesis of rules and guidelines for improvement of the skills for written and oral expression in Albanian. Students are expected to improve these skills by becoming familiar with the spelling and punctuation rules, some morphological norms, as well as the Albanian syntax, all in order to achieve proper use of the language. An accent will be put on motivating them for fluent speaking and raising their awareness for use of the Albanian pure standard language. A special attention will also be paid to encouraging students to advance the process of writing and increasing their understanding about the differences between specific genres. The issue of academic integrity (plagiarism) will also be tackled, as well as the specific terminology of the different areas of specialization. All these topics will be offered as separate lessons, that is, as rules, guidelines and exercises, which complement each other.
  • [EFE-105] German Language 1-4
    Upon completion of the course students are expected to have acquired appropriate knowledge in accordance with the European Framework of Reference for Languages (precisely defined in levels). In addition, students are expected to become more independent and responsive to language learning. By the end of the course, students will be able to critically reflect on different topics and draw conclusions. Students will also be able to express their thoughts and opinions in writing and orally in German.
  • [EEL-613] Multiculturalism in Teaching English Language
    This course aims to develop students’ understanding of multicultural perspectives in English language teaching and learning. It explores how cultural diversity influences language use, communication, and classroom practices. Students will gain knowledge of intercultural competence and inclusive teaching strategies that respect and integrate diverse cultural backgrounds. The course also aims to prepare future educators to create culturally responsive learning environments, promote tolerance and mutual understanding, and address cultural differences effectively in English language classrooms.
  • [EFE-108] Intercultural Studies
    After completing the course, students will be able to identify global issues and problems from the perspective of different cultures, the dynamics of communication in other cultures, the similarities and differences between their values and those of other cultures, and the similarities and differences of their communication practices and those of other cultures. In addition, students are expected to become more aware of the stereotypes that society has about different cultures and, as a result, will better understand their place in the global community. Students will begin to think critically about topics about their ethnicity, gender identity, class, religion, national origin, age as well as other demographic characteristics and their impact on the communication process. Upon completion of the Intercultural Studies course, students will gain the communication skills needed for group work through their participation in research and will also gain the ability to present these research projects.
  • [E2539] Critical Reasoning and Thinking
    Upon successful completion of the course, students will be able to improve their way of thinking, by understanding the internal structures of the thinking process and reviewing them within individual and academic standards. They will develop decision-making strategies, based on reflection, reason and logic. Through this course, students will learn based on which tendencies, similarities and assumptions are based their reflections, as well as what conditions and consequences arise from their way of thinking. This reflective thinking implies an active, careful and continuous review of all individual beliefs about the foundation that supports them and the conclusions that emerge from them. Students are expected to gain knowledge and skills to make tangible decisions, needed in the everyday environment regarding their future professions.
  • [E2841] Media and Information Literacy
    This course aims to equip students with the knowledge and skills needed to critically access, analyze, evaluate, and create media and information in a variety of formats. It focuses on developing an understanding of how media messages are constructed, how information is produced and shared, and how media influences public opinion and society. Students will develop critical thinking skills to assess the credibility, reliability, and bias of information sources, as well as practical skills for responsible and ethical use of media and digital platforms. The course also promotes awareness of misinformation, disinformation, and the importance of informed participation in the digital information environment.
  • [EPRNM-02] Public Relations and New Media
    The course will focus on the development of communication skills and techniques that are necessary for effective functioning in the era of globalization. Students will elaborate the process of globalization, social aspects, political, economic and cultural aspects of the modern phenomenon, as well as the consequences and influences in the field of communication, which also characterized an era of postmodernism, especially the impact of new social media, their structure and function, multilingualism in social networks, effects and consequences on the modern realities of communication in the world.
  • [ECM-602] Media and Society
    Media and society represents the introduction of students to a discipline that studies the complex relationship between media and society, the role of mass media as a mediating technology in mass and global communication. The specific purpose of the course is the political, social and cultural implications of the media on society.
  • [CBE-101] Introduction to Economics and Business
    The main purpose of this course is to develop the basic understanding of the main economic concepts and theories, which are used for the analysis of economic issues. This course is designed to enable students to acquire knowledge of the basic principles, concepts and techniques in the field of economics as a science as well as in economic analysis. At the end of the course students should be able to "think like an economist". This course provides research on the principles of microeconomics and macroeconomics, focusing on the implementation of knowledge in decision making in a global environment. Upon completion of the course, students should be able to: use the supply and demand model and determine the impact of changes in supply and demand on price and quantity; define GDP and calculate the measurement, use and limitation of GDP as a means of economic well-being; define and calculate inflation, get acquainted with the consequences and how to adapt to them; as well as describe the roles and assets of the central bank.
  • [CBE-103] Parimet e menaxhmentit
    The objective this course is for students to be introduced to the basics of management, its genesis and definition, as well as the basic principles on which the work of each future manager will be based. Attending this subject aims for students to gain basic knowledge in the field of basic functions in management such as planning, organization, coordination, motivation and control. Learning this subject will enable students to: - To learn the basics of management and to be able to give concrete examples. - To be able to see this subject as a need to gain knowledge which will be in the context of practical application of what they have learned. - To think efficiently that will help them cope with business problems in their future lives.
  • [EBE-408] Project Management
    The purpose of this course is to introduce students to the world of modern projects and their confrontation with the opportunities and challenges of real economic life in the creation of appropriate, real need projects. Specific objectives of the subject include: how to determine a project (using several stages) and to emphasize the important role of project manager (understanding the need, field of action, activities for implementation, the complexity of modern design, etc.). Students will be trained on how to apply modern tools and techniques of modern project management in the transformation necessary or appropriate creative idea in a real and documented project that will make you be more inventive about themselves and more competitive labor market.
  • [EBE-409] Corporate Social Responsibility and Ethics
    The aim of the course is to develop general theoretical knowledge of corporate social responsibility in modern economies and analyze the reflection of corporate social responsibility in the overall functioning of the enterprise.
  • [EBEM-503] Business Communication
    The purpose of this subject is to introduce students to the concepts of business communication. The content of the program is as follows: in the recent years more and more companies are using business communication techniques as a key tool to respond to the increasingly tough competition in the global market. This course is an attempt to improve students' communication skills with theoretical indicators and above all with practical demonstrations of the right way of communication in an organizational environment with employees and managers, as well as holding meetings, interviewing, how to respond during the interview, negotiate and motivate everyone in their circle.
  • [EBE-403] Business Plan
    The aim of the course is to assist students in understanding the behavior of conscious enterprise in modern economic conditions.
  • [EF999] French Language 1-2-3
    The purpose of this course is for students to strengthen their language skills and competencies, as well as to develop four communication competencies, particularly in the following areas: • to be able to express an opinion, • to be able to express their feelings, • to understand the essence of an expression, thought or idea, • to be able to argue and defend their opinion. • to manage different situations, • to maintain a simple and coherent speech, • to tell an event, • to talk about a dream or experience, • to present the reasons for a project or idea, • to communicate spontaneously.
  • [BSIL3010] Italian Language 1-2-3
    The aim of the subject is to acquaint students with Italian culture, Italian civilization and the Italian language. The idea is for students to realize a slightly different reality, which can help them get to know themselves as well as create a better image of themselves and the future. Depending on the level (from A1 to B2) that students will choose, or the levels they will attend in the semesters available for a free elective course, the material progressively deepens. The first level starts with the basic settings, such as: spelling, pronunciation, vocabulary for managing simple, everyday language situations (personal presentation, introduction of others, orientation in space and time, communication expressions in a bar, restaurant, supermarket, in the market), and the most complex expressive constructions are achieved in continuous scales, which refer to the expression of attitude, desire, need, narration of past events, talking about future actions, etc. Grammar is presented inductively (through recognizing situations (audio recordings, videos, movies, texts) and drawing conclusions), with the main role played by the students themselves, with their active participation in lectures.
  • [EFE-102] Academic Writing in English
    In this course, students’ academic writing skills will be enhanced in a variety of ways. Students will be enabled to communicate their ideas in a clear, fluent and effective way in order to produce a piece of writing. Students’ academic writing skills will be developed through activities that promote writing like: writing different types of paragraphs and essays. In addition, students will be introduced to paraphrasing and citing rules as well as will be made aware of what plagiarism is. Giving feedback on students’ pieces of writing will involve self-correction, peer-correction and teacher-correction of content, organization and language errors.
  • [E2529] Communication Skills in a Professional Setting in English
    The purpose of the course is to develop the communication skills that are essential for effective functioning in the professional world in English. The objectives of the subject focus on a wide range of professional settings and issues. Students will study the process for analysis of different communication situations and will accordingly comprehend them.
  • [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.
  • [ECE-02] Conversational English
    Conversational English is a one semester course designed for intermediate-level English speakers and above, and will be available to students in all semesters. English is an international language that facilitates communication in a variety of contexts around the world, ranging from business meetings and transactions to casual conversations between friends and interactions during travel. Conversational English will build students’ listening and speaking skills, providing grammar, vocabulary, pronunciation, and fluency practice needed for common types of spoken English interactions. This course will cover topics related to professional conversation, casual conversation, and everyday interactions, providing students with conversational confidence in a variety of contexts. Professional conversation will include formal and polite varieties of speech used in contexts such as work meetings or discussions with colleagues. Casual conversation will include practice with language used while socializing with friends or family and other informal situations and will include slang and informal speech. Everyday interactions will include conversations at stores, during travel, and asking for or providing assistance. Methods of learning will focus on practice and will include listening activities, dialogues, role-plays and simulations, debates, and discussions.
  • [E2530] Fiction and Fun
    The subject aims to explore a range of attractive and popular literary texts (novels, excerpts, readers and short stories) so as to understand and enjoy the characteristics of different and popular genres, including science fiction, young adult literature and fantasy. Among the objectives of the subject, the following can be included : to develop students’ confidence, fluency and interest in reading in English, to read different types of novels and respond thoughtfully and critically, verbally and in writing, by drawing connections between personal experience, world knowledge and/or other sources (lectures, readings, films) and the assigned text. In addition, the aims are то transfer advanced reading skills to the second language classroom and develop these skills, making the students better readers in both languages. Reading skills include: skimming, scanning, predicting, guessing words from context and reading for detailed comprehension.
  • [E2531] English Literature and Film
    This subject is dedicated to English language students as well as students who want to read, enjoy watching movies and analyzing them. 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
  • [E2540] Macedonian Language for Legal and EU terminology
    The aim of the subject is to train students for language competence and performance in the professional field (i.e. in the field of law and the EU). It is a student-centered concept (student-based approach) that emphasizes the development of communication skills in specific areas, i.e. deepening and strengthening the skills for advanced written and oral expression in the standard Macedonian language. Target material includes content related to professional disciplines, as well as authentic documents and materials. Special attention is paid to the mastery of professional terminology and its application in a suitable language context and the development of digital skills. Students are expected to become more autonomous in language learning and to be able to think critically about a variety of topics, as well as gain the ability to communicate in Macedonian in a multilingual and multicultural environment.
  • [E2739] Ethics in Public Institutions
  • [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.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.

Semester 6

• [CBEF-602] [6 ECTS] Public Finances
  Course objectives: - Students to gain knowledge about public finances, as one of the main tools of macroeconomic policies and as one of the basic instruments for the functioning of a national economy as a whole and as a subsystem of an economic system of the country. - Students to gain knowledge about public goods and external expenditures, distribution of social income, allocation and reallocation of income, comparative aspects of public finances in developed and transition countries, specifics of fiscal systems in the Republic of North Macedonia, their fiscal trends and challenges, decentralization, etc. - Students to gain knowledge about the budget and extra-budgetary funds as the main instruments of fiscal policy, procedures for preparation, preparation, composition, approval, implementation and control of the budget, as well as budget techniques at both local and central level. - To create a clear picture of the functioning of a fiscal system among students, in terms of different fiscal theories with which they will be able to make a comparative difference and find common points of operation of these systems in countries different. - Students to get acquainted with the main indicators of fiscal policy in the RNM, creating a real database in terms of long-term fiscal trends in the RNM, stimulating students to work on seminar papers and independent essays in the field of fiscal policy.
• [C2634] [3 ECTS] Energy, Economics and Ecology
  Course Objectives: • To provide students with a solid foundation in economics, with a particular emphasis on sustainable development and the interconnection between energy and the environment. • To enable students to critically analyze the relationships between economic growth, the energy sector, and ecological sustainability. • To develop students’ skills in evaluating the efficiency, performance, and environmental impacts of energy systems.
• [C2153] [3 ECTS] International Environmental Law
  This course will enable students to gain the most important knowledge of international environmental law. In particular, gaining knowledge about the international framework of environmental legislation and legal standards that must be respected in this area. Thus, environmental law will be studied as an academic discipline and perspective or approach, then, the ideological and theoretical problems in its study will be studied: the concept, goals and content of international environmental law; Sources of environmental law; the role of international organizations in this field; international standards for environmental law, etc. The aim is to gain advanced knowledge of environmental law and help students develop their knowledge in this area. Research work is a mandatory part of the academic implementation of this course.
• [C2150] [6 ECTS] Geographic Information Systems (GIS)
  Geographic Information Systems (GIS) are tools for managing, describing, analyzing, and presenting information about relationships between features (location, size, and shape). Because these techniques allow the presentation of social and environmental data as a map, GIS has become an important tool in various fields, including planning, architecture, engineering, public health, environmental science, epidemiology, and business. GIS has also become an important policy tool that allows communities and regions to tell their stories graphically. The course aims to acquaint students with this powerful tool and its application in many fields of research.
• [6 ECTS] Elective from other unit
  • [CPA-101] Introduction to Public Administration
    Public administration is a special field of scientific interest. The subject: Introduction to Public Administration should provide students with knowledge on the basic concepts of public administration. Special attention will be paid to providing knowledge about the evolution of public administration, as well as the planned public administration reforms in our country. Students will also have the opportunity to get acquainted and critically analyze developments and phenomena in public administration. As the field of study is subject to constant change, special attention will be paid to new developments as well as classical theories of public administration study. The research material of this course consists of: basic definitions and knowledge of the principles and institutions of public administration, the role and importance of public administration in organized society, genesis and historical development of public administration, organizational structures of public administration, functioning of administrative institutions public, public administration services, decision making in AP.
  • [CPA-201] Public Leadership and Organizational Development
    This subject aims to introduce students to how leaders and managers develop and implement mission and vision achievements in a given public sector organization; developing the values needed for long-term success and implementing them through appropriate activities and skills; both leaders and leaders are personally involved in ensuring that security management systems are developed and implemented. It also informs them about how the organization accomplishes its mission and vision through a clear strategy based on the views of all stakeholders, supported by all relevant policies, plans, goals and processes.
  • [CPA-302] Introduction to Public Policies
    The subject aims to enable students to more easily understand public policies, the principles for their creation, leading a concrete policy, analysis, implementation, evaluation and development. Public policy management is the problem-solving discipline that results in knowledge of the basic methodologies and theories of the social sciences, social professions, and policy philosophy.
  • [CLE-101] Introduction to Law
    This course aims to provide students with basic knowledge of the fundamental principles of law and the legal system. It covers key legal concepts, sources of law, the structure of legal institutions, and the role of law in society.
  • [ELE-708] Introduction to Criminalistics
    This course aims to provide students with basic knowledge of the principles, methods, and techniques of criminalistics. It covers the methods of detecting, collecting, analyzing, and interpreting physical evidence in the investigation of criminal offenses, as well as the role of criminalistics in the criminal justice process.
  • [E2843] Labour and social security law
    This course aims to provide students with basic knowledge of the principles and key institutions of labour law and the social security system. It covers employment relationships, the rights and obligations of employers and employees, as well as mechanisms of social protection and social insurance.
  • [E2842] International law on human rights
    This course aims to provide students with basic knowledge of the principles, instruments, and mechanisms of international human rights law. It covers international human rights standards, systems for their protection and enforcement, as well as the role of international organizations in promoting and protecting human rights.
  • [ELE-607] Intellectual property law
    This course aims to provide students with basic knowledge of the principles, concepts, and key institutions of intellectual property law. It covers the legal protection of copyrights, patents, trademarks, and related rights, as well as their importance for innovation and economic development.
  • [E2996] New Reproductive Technologies and Law
    This subject aims to emphasize the fact that in contemporary society, there is no longer a universal model of family and parenting. By studying the course, students will gain knowledge about new technologies for artificial reproduction, which are part of contemporary birth policy. Students will learn in detail about all the new methods of reproduction of the human being, including: artificial insemination, in vitro fertilization, surrogate motherhood, childbirth by a woman with donated sperm, post human reproduction, co-parenting, gestation of a child by three persons, cryopreservation of gametes or embryos. Through this course, students will be informed that there are other forms that science offers, but are still considered prohibited processes: cloning, choosing the sex of the child, improving the physical, intellectual capacity of the future child (eugenics), etc. Through the study of this subject, students are expected to develop their critical thinking through debates on the many moral, ethical and legal dilemmas regarding these new technologies for the reproduction of the human being.
  • [ELE-408] Domestic Violence
    Domestic violence is a social phenomenon with wide dimensions and scope in contemporary society. It is present in all states and societies regardless of their development and emancipation. Immune to this phenomenon is neither our country nor the region in which we live. Therefore, law students through this course gain knowledge about what is domestic violence, the forms in which it manifests itself, legal regulations in the country, region and in the international sphere, as well as ways to prevent it. Through this course, students at the end of the course will be able to identify domestic violence, identify criminal offenses incriminated in the Criminal Code as domestic violence, and develop critical thinking about this issue. This course enables the future lawyer during the exercise of his profession as a judge, prosecutor or lawyer to deal as adequately as possible with cases from this area that have high sensitivity, as well as to provide assistance and protection as adequately as possible for victims of these offenses.
  • [CCS-101] Introduction to Computer Sciences
    This subject presents a broad and integrated introduction to the basic concepts of computer science. The course covers topics such as: history of calculation; logic and digital systems; introduction to computer architecture, simple algorithms, problem solving and data structures; access to programming languages, operating systems, databases, networks, software engineering and the web; types of applications, including description of some specific programs (word processors, databases, browsers, etc.); processing of traditional and multimedia data.
  • [CCS-102] Internet Technologies
    The main objective of the subject is to give students a practical knowledge of basic mechanisms, services and protocols of the global network - Internet. The course provides mastering of the overall architecture of an effective, scalable and secured web page. The students will acquire deep technical knowledge of XML, XHTML (lists, tables, figures, multimedia and forms), CSS (formatting, styles and layouts), and JavaScript (variables, conditions, loops and functions).
  • [CCS-402] Applied Probability and Statistics
    The objective of the subject is to provide students with the required knowledge of probabilities and statistics that have direct application in computer sciences. The aim is to learn about the processing of statistical data, their rules and presentation, and the laws for appropriate conclusions based on processed data. Furthermore, the students will learn about basic principles of probability and their application in different areas of everyday life, especially in the field of computer science.
  • [ECS-500] E-Commerce
    This course aims to provide students with basic knowledge of the concepts, models, and technologies of e-commerce. It covers the functioning of digital platforms, online buying and selling processes, electronic payment systems, as well as the importance of security and trust in online transactions.
  • [CISM2021] Introduction to Information Systems
    This course aims to provide students with basic knowledge of the concepts, components, and functioning of information systems. It covers the role of information technology in organizations, how data is transformed into useful information, as well as how information systems support decision-making and business processes.
  • [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.
  • [EFE-129] Albanian Language and Writing Culture
    The course, Albanian language and writing culture, is a synthesis of rules and guidelines for improvement of the skills for written and oral expression in Albanian. Students are expected to improve these skills by becoming familiar with the spelling and punctuation rules, some morphological norms, as well as the Albanian syntax, all in order to achieve proper use of the language. An accent will be put on motivating them for fluent speaking and raising their awareness for use of the Albanian pure standard language. A special attention will also be paid to encouraging students to advance the process of writing and increasing their understanding about the differences between specific genres. The issue of academic integrity (plagiarism) will also be tackled, as well as the specific terminology of the different areas of specialization. All these topics will be offered as separate lessons, that is, as rules, guidelines and exercises, which complement each other.
  • [EFE-105] German Language 1-4
    Upon completion of the course students are expected to have acquired appropriate knowledge in accordance with the European Framework of Reference for Languages (precisely defined in levels). In addition, students are expected to become more independent and responsive to language learning. By the end of the course, students will be able to critically reflect on different topics and draw conclusions. Students will also be able to express their thoughts and opinions in writing and orally in German.
  • [EEL-613] Multiculturalism in Teaching English Language
    This course aims to develop students’ understanding of multicultural perspectives in English language teaching and learning. It explores how cultural diversity influences language use, communication, and classroom practices. Students will gain knowledge of intercultural competence and inclusive teaching strategies that respect and integrate diverse cultural backgrounds. The course also aims to prepare future educators to create culturally responsive learning environments, promote tolerance and mutual understanding, and address cultural differences effectively in English language classrooms.
  • [EFE-108] Intercultural Studies
    After completing the course, students will be able to identify global issues and problems from the perspective of different cultures, the dynamics of communication in other cultures, the similarities and differences between their values and those of other cultures, and the similarities and differences of their communication practices and those of other cultures. In addition, students are expected to become more aware of the stereotypes that society has about different cultures and, as a result, will better understand their place in the global community. Students will begin to think critically about topics about their ethnicity, gender identity, class, religion, national origin, age as well as other demographic characteristics and their impact on the communication process. Upon completion of the Intercultural Studies course, students will gain the communication skills needed for group work through their participation in research and will also gain the ability to present these research projects.
  • [E2539] Critical Reasoning and Thinking
    Upon successful completion of the course, students will be able to improve their way of thinking, by understanding the internal structures of the thinking process and reviewing them within individual and academic standards. They will develop decision-making strategies, based on reflection, reason and logic. Through this course, students will learn based on which tendencies, similarities and assumptions are based their reflections, as well as what conditions and consequences arise from their way of thinking. This reflective thinking implies an active, careful and continuous review of all individual beliefs about the foundation that supports them and the conclusions that emerge from them. Students are expected to gain knowledge and skills to make tangible decisions, needed in the everyday environment regarding their future professions.
  • [E2841] Media and Information Literacy
    This course aims to equip students with the knowledge and skills needed to critically access, analyze, evaluate, and create media and information in a variety of formats. It focuses on developing an understanding of how media messages are constructed, how information is produced and shared, and how media influences public opinion and society. Students will develop critical thinking skills to assess the credibility, reliability, and bias of information sources, as well as practical skills for responsible and ethical use of media and digital platforms. The course also promotes awareness of misinformation, disinformation, and the importance of informed participation in the digital information environment.
  • [EPRNM-02] Public Relations and New Media
    The course will focus on the development of communication skills and techniques that are necessary for effective functioning in the era of globalization. Students will elaborate the process of globalization, social aspects, political, economic and cultural aspects of the modern phenomenon, as well as the consequences and influences in the field of communication, which also characterized an era of postmodernism, especially the impact of new social media, their structure and function, multilingualism in social networks, effects and consequences on the modern realities of communication in the world.
  • [ECM-602] Media and Society
    Media and society represents the introduction of students to a discipline that studies the complex relationship between media and society, the role of mass media as a mediating technology in mass and global communication. The specific purpose of the course is the political, social and cultural implications of the media on society.
  • [CBE-101] Introduction to Economics and Business
    The main purpose of this course is to develop the basic understanding of the main economic concepts and theories, which are used for the analysis of economic issues. This course is designed to enable students to acquire knowledge of the basic principles, concepts and techniques in the field of economics as a science as well as in economic analysis. At the end of the course students should be able to "think like an economist". This course provides research on the principles of microeconomics and macroeconomics, focusing on the implementation of knowledge in decision making in a global environment. Upon completion of the course, students should be able to: use the supply and demand model and determine the impact of changes in supply and demand on price and quantity; define GDP and calculate the measurement, use and limitation of GDP as a means of economic well-being; define and calculate inflation, get acquainted with the consequences and how to adapt to them; as well as describe the roles and assets of the central bank.
  • [CBE-103] Parimet e menaxhmentit
    The objective this course is for students to be introduced to the basics of management, its genesis and definition, as well as the basic principles on which the work of each future manager will be based. Attending this subject aims for students to gain basic knowledge in the field of basic functions in management such as planning, organization, coordination, motivation and control. Learning this subject will enable students to: - To learn the basics of management and to be able to give concrete examples. - To be able to see this subject as a need to gain knowledge which will be in the context of practical application of what they have learned. - To think efficiently that will help them cope with business problems in their future lives.
  • [EBE-408] Project Management
    The purpose of this course is to introduce students to the world of modern projects and their confrontation with the opportunities and challenges of real economic life in the creation of appropriate, real need projects. Specific objectives of the subject include: how to determine a project (using several stages) and to emphasize the important role of project manager (understanding the need, field of action, activities for implementation, the complexity of modern design, etc.). Students will be trained on how to apply modern tools and techniques of modern project management in the transformation necessary or appropriate creative idea in a real and documented project that will make you be more inventive about themselves and more competitive labor market.
  • [EBE-409] Corporate Social Responsibility and Ethics
    The aim of the course is to develop general theoretical knowledge of corporate social responsibility in modern economies and analyze the reflection of corporate social responsibility in the overall functioning of the enterprise.
  • [EBEM-503] Business Communication
    The purpose of this subject is to introduce students to the concepts of business communication. The content of the program is as follows: in the recent years more and more companies are using business communication techniques as a key tool to respond to the increasingly tough competition in the global market. This course is an attempt to improve students' communication skills with theoretical indicators and above all with practical demonstrations of the right way of communication in an organizational environment with employees and managers, as well as holding meetings, interviewing, how to respond during the interview, negotiate and motivate everyone in their circle.
  • [EBE-403] Business Plan
    The aim of the course is to assist students in understanding the behavior of conscious enterprise in modern economic conditions.
  • [EF999] French Language 1-2-3
    The purpose of this course is for students to strengthen their language skills and competencies, as well as to develop four communication competencies, particularly in the following areas: • to be able to express an opinion, • to be able to express their feelings, • to understand the essence of an expression, thought or idea, • to be able to argue and defend their opinion. • to manage different situations, • to maintain a simple and coherent speech, • to tell an event, • to talk about a dream or experience, • to present the reasons for a project or idea, • to communicate spontaneously.
  • [BSIL3010] Italian Language 1-2-3
    The aim of the subject is to acquaint students with Italian culture, Italian civilization and the Italian language. The idea is for students to realize a slightly different reality, which can help them get to know themselves as well as create a better image of themselves and the future. Depending on the level (from A1 to B2) that students will choose, or the levels they will attend in the semesters available for a free elective course, the material progressively deepens. The first level starts with the basic settings, such as: spelling, pronunciation, vocabulary for managing simple, everyday language situations (personal presentation, introduction of others, orientation in space and time, communication expressions in a bar, restaurant, supermarket, in the market), and the most complex expressive constructions are achieved in continuous scales, which refer to the expression of attitude, desire, need, narration of past events, talking about future actions, etc. Grammar is presented inductively (through recognizing situations (audio recordings, videos, movies, texts) and drawing conclusions), with the main role played by the students themselves, with their active participation in lectures.
  • [EFE-102] Academic Writing in English
    In this course, students’ academic writing skills will be enhanced in a variety of ways. Students will be enabled to communicate their ideas in a clear, fluent and effective way in order to produce a piece of writing. Students’ academic writing skills will be developed through activities that promote writing like: writing different types of paragraphs and essays. In addition, students will be introduced to paraphrasing and citing rules as well as will be made aware of what plagiarism is. Giving feedback on students’ pieces of writing will involve self-correction, peer-correction and teacher-correction of content, organization and language errors.
  • [E2529] Communication Skills in a Professional Setting in English
    The purpose of the course is to develop the communication skills that are essential for effective functioning in the professional world in English. The objectives of the subject focus on a wide range of professional settings and issues. Students will study the process for analysis of different communication situations and will accordingly comprehend them.
  • [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.
  • [ECE-02] Conversational English
    Conversational English is a one semester course designed for intermediate-level English speakers and above, and will be available to students in all semesters. English is an international language that facilitates communication in a variety of contexts around the world, ranging from business meetings and transactions to casual conversations between friends and interactions during travel. Conversational English will build students’ listening and speaking skills, providing grammar, vocabulary, pronunciation, and fluency practice needed for common types of spoken English interactions. This course will cover topics related to professional conversation, casual conversation, and everyday interactions, providing students with conversational confidence in a variety of contexts. Professional conversation will include formal and polite varieties of speech used in contexts such as work meetings or discussions with colleagues. Casual conversation will include practice with language used while socializing with friends or family and other informal situations and will include slang and informal speech. Everyday interactions will include conversations at stores, during travel, and asking for or providing assistance. Methods of learning will focus on practice and will include listening activities, dialogues, role-plays and simulations, debates, and discussions.
  • [E2530] Fiction and Fun
    The subject aims to explore a range of attractive and popular literary texts (novels, excerpts, readers and short stories) so as to understand and enjoy the characteristics of different and popular genres, including science fiction, young adult literature and fantasy. Among the objectives of the subject, the following can be included : to develop students’ confidence, fluency and interest in reading in English, to read different types of novels and respond thoughtfully and critically, verbally and in writing, by drawing connections between personal experience, world knowledge and/or other sources (lectures, readings, films) and the assigned text. In addition, the aims are то transfer advanced reading skills to the second language classroom and develop these skills, making the students better readers in both languages. Reading skills include: skimming, scanning, predicting, guessing words from context and reading for detailed comprehension.
  • [E2531] English Literature and Film
    This subject is dedicated to English language students as well as students who want to read, enjoy watching movies and analyzing them. 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
  • [E2540] Macedonian Language for Legal and EU terminology
    The aim of the subject is to train students for language competence and performance in the professional field (i.e. in the field of law and the EU). It is a student-centered concept (student-based approach) that emphasizes the development of communication skills in specific areas, i.e. deepening and strengthening the skills for advanced written and oral expression in the standard Macedonian language. Target material includes content related to professional disciplines, as well as authentic documents and materials. Special attention is paid to the mastery of professional terminology and its application in a suitable language context and the development of digital skills. Students are expected to become more autonomous in language learning and to be able to think critically about a variety of topics, as well as gain the ability to communicate in Macedonian in a multilingual and multicultural environment.
  • [E2739] Ethics in Public Institutions
  • [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.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.

Semester 7

• [C2647] [6 ECTS] Environment and Climate Change
  Course Objectives: • To provide students with a comprehensive understanding of environmental challenges, climate change, and sustainable development. • To explain the physical, chemical, and biological risks associated with natural disasters. • To familiarize students with global and regional policies and frameworks related to climate change. • To introduce tools and methods (e.g., numerical modeling and risk assessment) used in industry and government institutions for decision-making. • To develop critical thinking for evaluating complex trade-offs in risk mitigation and the implementation of sustainable policies. • To encourage the practical application of theoretical concepts through case studies, fieldwork, and research projects.
• [C2139] [3 ECTS] Taxes and Decision Making
  The subject emphasizes the decision-making approach, introduces all tax topics and covers the basic taxation of all taxpayers: individuals, corporations, partnerships and fiduciary entities, emphasizing the balance between concepts and details. The course contains sufficient technical details to provide a basis for future practice in taxation and consulting services, while not burdening the student with details that are rarely encountered.
• [C2155] [3 ECTS] Economics of Sustainable Development
  The aim of this subject is to provide an understanding of the application of economic analysis to key topics in environmental sustainability and economic development and to provide students with the knowledge and tools needed to critically analyze and discuss exchanges between economic growth, social equality and environmental sustainability. The course assesses the link between macroeconomic policies, poverty and the environment; theory and sustainability measurements on GDP; The relationship between population-poverty-environment; the effects of international trade and economic globalization on the environment and development; the role of international environmental agreements; and green economy and climate change policies. In general, this module will provide students interested in environmental economics and / or development economics with a comprehensive introduction to these areas.
• [CBEE-603] [6 ECTS] Econometrics
  The aim of the course Econometrics 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.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.

Semester 8

• [C2142] [6 ECTS] Entrepreneurship
  Program objectives:  Understand the concepts and principles of entrepreneurship.  Develop skills to identify business opportunities and risks.  Apply management and innovation methods in entrepreneurial activities.  Strengthen creativity and analytical skills in problem-solving. Learning outcomes:  Students will be able to design a business idea and action plan.  Students will identify market opportunities and assess risk.  Students will use management tools in their entrepreneurial projects.  Students will demonstrate creativity and innovative problem-solving skills.
• [E2643] [6 ECTS] Integrated Marketing Communication
  Program objectives: ● To understand the core principles of Integrated Marketing Communication (IMC) and its role in brand building. ● To develop skills in planning, coordinating, and executing IMC strategies. ● To critically analyze and evaluate the effectiveness of various communication channels (advertising, PR, digital media, promotions, etc.). ● To foster teamwork and collaboration in IMC campaign development.
• [C2648] [6 ECTS] Urban Planning
  The aim of the course is to acquire basic knowledge in the field of urbanism; to familiarize students with the characteristics of the city, its development, and transformation from its beginnings to the present (pre-industrial, industrial, and post-industrial city); to introduce students to the elements that constitute the city, the situations, and the context of the city; to develop the perception of urban spaces. It also aims to familiarize students with the methods and techniques of urban analysis and urbanism, and to provide basic knowledge of urban planning.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.
• [6 ECTS] Elective course
  • [EBEF-704] Labour Market
    The aim of the subject is for students to gain basic and in-depth knowledge in the field of labor market theory and mechanisms for the functioning of the market economy. Students will also learn the categories, laws, and basic principles through which the job market operates. This course provides a detailed analysis of the pattern of behavior and role played by key stakeholders in the labor market: individuals, companies, and government. The analysis is based on two basic market categories - supply and demand that apply to almost all topics covered in this case. The knowledge that students will gain with this course is a theoretical basis necessary to understand the various theories and policies applied in the labor market. Through the course students will understand how labor markets distribute and effectively use the rare factor of production - labor.
  • [EBEF-801] Financial Modeling
    The course is designed to provide students with a basic understanding of the conceptual, theoretical, and practical aspects of financial modeling. The creation of the program is inspired to enable: - developing a career in research investment funds, investments in banks and various other companies; finance projects, business analysis; - Introduction to excel modeling for analysis, evaluation of various enterprises and forecasts; - preparation of financial research, reviews and evaluations of different sectors; - application of financial modeling skills in managerial practice.
  • [EBEE-605] Economics of Public Funds
    The main goal of the Economics of Public Funds course program is for students to understand the differences between the public and private sectors. In that framework, to explain the logic, organization and functioning of the public sector in the world and in the Republic of North Macedonia.
  • [EBA034] Local Economic Development
    Course objectives: - Students to comprehensively understand the complexity of local economic development, as well as the aspects that make up the local economic development portfolio; - Critically evaluate the advantages and disadvantages arising from alternative ways of achieving local economic development; - Assess the importance of networks for links between stakeholders in the public sector, business sector and local government (self-government); - To make choices of scientific instruments for the evaluation of acceptable strategies for local economic development.
  • [E2601] Environmental Science
    The aim of the course is to learn how the world we live in works, how we affect its life system and how we can reduce our impact on it.
  • [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.
  • [EBE-402] Portfolio Мanagement
    The course aims to provide a basic understanding of portfolio management. Special attention is paid to the large number of bonds, as well as the logic of profit when choosing bonds for the optimal investment portfolio. Through this course students will work out the theoretical and practical aspects and will gain the necessary skills and knowledge in the field of portfolio management. The moment of hedges and the possible return have been specially developed, as well as the forms of protection, ie protection from the eventual occurrence of movements contrary to expectations. Students taking this course will be able to: protect and design complex securities revenue structures; be able to easily recognize risk and assess the relative value of specific types of bonds; understand the importance of portfolio management to shareholders and other stakeholders; to measure and assess risk and return using appropriate techniques and models; and the like.
  • [E2998] International Business
    This course aims to provide students with an in-depth understanding of the global business environment and the key forces driving globalization, including technological developments, trade liberalization, and changes in consumer preferences. The course focuses on analyzing strategies used by firms to enter international markets, such as exports, joint ventures, franchising, and foreign direct investment, while evaluating the advantages and limitations of each approach. Students will also analyze the political, economic, and cultural risks and opportunities that affect international business, gaining an understanding of the challenges and benefits of cross-border operations. The course also aims to develop skills for making informed decisions in international trade, investment, and finance through a combination of theory and case studies. Finally, emphasis is placed on the impact of international business on local economies and cultures, encouraging the evaluation of its role in economic development, employment, sustainability, and global cultural exchange.
  • [E2999] Product Management
    This course aims to provide students with theoretical and practical knowledge of the product management process, from idea generation to market launch. Students will develop skills in analyzing the product life cycle, making strategic decisions, and applying innovative methods in product development and management.
  • [CBEM-503] Market Research
    The aim of this subject is to teach students to understand the relationship between market research and decision making, by becoming familiar with the processes used in the formulation and implementation of market research. Students will also understand the market conditions in which research is conducted and applied, including the methodology used in market analysis. The range of qualitative and quantitative techniques and methods available in market research, including their applicability and limitations, will also be understood.
  • [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.
  • [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.
  • [E2582] Accounting Information Systems
    The accounting information system is an application subject based on the accounting data processed-elaborated from the accounting documentation in the entire information system of the business entity with special reference for a company in the Republic of Northern Macedonia. Financial accounting is a key information system to be able to meet the needs of the management structure of the business entity that needs to operate efficiently and effectively. In this regard, computer data processing creates the right information system as a basis for communication with all sectors / parts of company that will contribute to making the right decisions. After studying this course, students are expected to be competent in the following matters: - Creating knowledge of basic concepts of informatics - able to use application accounting programs through computers as a tool for the collection, processing and effective and efficient use of information, - Acquisition of knowledge and skills for creating the organizational structure of accounting information through a computer, - Use of software programs - material data - MTR, - Use of software - procurement calculation KAL, - Use of software programs for salary calculation - PLA, - Use of software programs for financial records - GK, - Use of digital systems such as "E-taxes", "Software for payroll clients", Central Registration System of the Republic of Macedonia, - Able to control and protect accounting information systems.
  • [E2593] Principles of International Finance
    The aim of the course is to provide students with basic knowledge of international finance and foreign exchange markets. Upon completion of the course, students will be able to explain key concepts, analyze monetary and fiscal policies in an international context, and interpret global economic developments.
  • [E2591] 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.
  • [E2584] Investment Management
    Investment management aims to transfer to students an adequate fund of theoretical knowledge and practical skills in the field of investment and investment decision-making between business entities in the country and the modern world. The course aims to bring together the most modern theories and methods for the management and processes of investment projects, their documentation and efficient and effective implementation. Upon completion of the lectures of this subject, students will be able to: - To recognize and analyze investments in micro and macro plan; - To determine the motives and factors for possible investments; - Plan investment projects and manage investment processes; - Determine the level of investment risk; - To study and apply standard and modern capital budgeting criteria for accepting or selecting the most efficient investment project; - To increase their conviction and self-confidence as well as motivation towards new scientific knowledge and practical experiences. - To use their scientific knowledge and skills in terms of eventual employment or as employees of a company or a commercial bank.
  • [E2588] Financial Data Analysis
    This subject provides a basis for analyzing financial data used in business and FinTech applications. The aim of this subject is for students to gain experience in analyzing financial data using modern machine learning techniques, statistical methods and forecasting models. Students will develop computer skills to perform data analysis using a modern statistical programming environment and apply these skills to solve a range of problems faced by business firms, including those in the FinTech industry. Topics discussed include R language presentation, financial data visualization, group analysis, simple and multiple linear regression, classification models, high dimensional data analysis by using Lasso, and cross-sectoral evaluation and selection of evaluation models. Students will have hands-on experience in developing data analytics applications to analyze real-world financial problems.
  • [E2612] Principles of Banking and Finance
    This subject aims to enable students to understand the basic concepts of financial markets and institutions, as well as the role and functioning of the financial system in the economy. It covers the structure and function of financial intermediaries, the role of the Central Bank and monetary policy, and the importance of financial institutions in general. The subject also focuses on the analysis of risk management in banks, including market risk, liquidity risk, interest rate risk, and credit risk, as well as portfolio analysis and asset pricing models. Its goal is to equip students with analytical and practical tools to analyze and solve problems in the field of banking and finance, linking theory with practical applications and contemporary issues in the financial sector.
  • [E3000] Risk Management
    This subject aims to introduce students to the key concepts and methods for measuring and managing risk. The topics covered include: an introduction to financial markets and institutions, the relationship between risk and return for investors, correlation, the Capital Asset Pricing Model (CAPM), Value at Risk (VaR), market risk, credit risk (including the assessment of default probability), and interest rate risk. Furthermore, the subject provides students with analytical tools and modern techniques for measuring and managing risk, with a strong emphasis on practical applications and case study analysis.