Economics and Finance

Program of bachelor academic studies  Economics and Finance  is a modern four-year program that educates experts - graduated economists. The program is characterized by a modern approach, acquisition of functional knowledge, multidisciplinarity, optionality, with a focus on solving real problems in the field of economics and finance.

Structure  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  it was conceived in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.

The main goal of the study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  is the education of economists who are competent to perform the most complex economic tasks in the real sector and in financial institutions (banks, auditing firms and other financial organizations) and who are qualified to make complex business and financial decisions in companies, regardless of their size and the activity to which they belong , which implies a high degree of specialized academic knowledge and business skills in the field of economics, finance and banking, and the ability to analyze and solve complex business and management problems in various areas of the economy and society.

The purpose of the bachelor academic study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  at the Faculty of Economics and Finance is to educate specialized, professional, clearly profiled personnel in the field of economics and finance who will be able to apply their specific knowledge and skills in the fields of economics and finance with their knowledge and competences. Competences that students acquire at  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  have a social value and fully justify the existence of this program, which is mostly oriented towards improving abilities and business skills and knowledge in the field of economics and finance.Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  as a bachelor purpose they have to enable students to acquire comprehensive knowledge in economics and finance, to develop an economic way of thinking, to acquire quantitative and analytical skills in the field of economics and finance, to be able to solve practical problems in the field of economics and finance.

The bachelor academic study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  it is in accordance with the needs of the economics and financial institutions. In addition, the increasing incorporation of the economy into global processes and global value chains enables students  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  to understand global economic and financial processes and to apply acquired knowledge and skills to  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  use and contribute to the growth of our economy in European and global frameworks.

Increasingly frequent global recessions (2008 World Financial Crisis, 2020 global recession due to the pandemic, 2022-2023 global contraction of growth due to the crisis in Ukraine), and their spillover effect on transition economies, require the mastery and application of new economic and financial instruments and tools with which to respond in the most efficient way to ever-increasing economic, financial and business challenges and risks.

The purpose of study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  provides opportunities for the education of professional staff who, with their knowledge, could face current economic and financial risks. In this context, curriculum redesigns were carried out with emphasis on:

• Understanding the impact of the power of network effects on demand growth, new sources of competitive advantage through differentiation, the interdependence of risks that companies face today when making strategic decisions, new tools for strategic innovation and business strategies;
• Studying new business models that drive change, looking at the impact of new external variables (climate change, market fluctuations in the prices of key resources under the influence of political factors), new dimensions in income inequality, the impact of environmental, political and social factors including the role of government, investors and customers;
• The redesign of finance courses is aimed at understanding: key financial levers that affect financial performance; cash flow modalities and their impact on profit and operations; how balance sheets, income statements and cash flow statements are developed and how they are interrelated; instruments for assessing the financial health of companies using financial statements; financial forecasts for making strategic decisions, etc.

Bearing in mind the needs of our society for such personnel, this study program shows its full social justification. The purpose of study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  is consistent with the basic tasks and goals of the Faculty where the program is being conducted. At the same time, the purpose of the study program is to prepare students for the continuation of studies at the second level of higher education, which are carried out at the University. The study program is compatible (harmonized) with programs of the same or similar directions at renowned foreign universities.

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Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  is the education of economists who are competent to perform economic tasks in the economy sector and in financial institutions (banks, auditing firms and other financial organizations). At the end of the program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  students are qualified to make business and financial decisions in companies, regardless of their size and the activity to which they belong, which implies a high degree of academic knowledge and business skills in the field of economics, finance and banking, and the ability to analyze and solve business and management problems in various areas of economy and society.

The study program Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  The main goal of the study program of Economics and Finance is the ability of students to:

• Master competencies, academic knowledge and skills in the field of economics and finance;
• Integrate knowledge in economic and financial disciplines;
• Develop an economic way of thinking and connecting different factors and variables in the field of finance;
• Master analytical and quantitative tools from the fields of mathematics, statistics and econometrics and their combination in solving economic and financial problems;
• Develop competencies for solving practical problems in the field of finance;
• Prepare students to continue studying at master's studies.

The purpose of the study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  enables students to acquire modern knowledge, skills and tools in economics and finance to perform various jobs in the domestic and international business environment. More precisely, the goals of the program are the acquisition of knowledge in the key disciplines of economics and finance. One of the objectives of the program is the theoretical and practical understanding of global economic and financial processes and the mastery of mathematical and statistical methods, without which it is not possible to monitor the economic, economic and financial effects of business.

The purpose of the study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  was designed with the intention to provide students with the necessary knowledge and skills in a modern business environment, which will enable them to engage professionally, undertake economic and financial ventures in the domestic or foreign economic or financial sector, through its interactivity in teaching and encouraging initiative and creativity.

The study program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  is preparation for the continuation of scientific and professional training (on master's studies).

Students who have completed the program  Economics and Finance is in accordance with the current programs at similar higher education institutions in the country and the world, it is based on the Bologna Declaration and is in accordance with the contemporary requirements of modern business.  have acquired competencies to perform economic and financial tasks in business.

In addition, students will master the following  general competencies:

• Ability to use mathematical-statistical and econometric methods in economic and financial analysis of the situation in the economics and financial sector;
• Ability to make optimal economic and financial decisions, whether in the entrepreneurial sector, large companies or the state sector;
• Ability to critically assess the situation due to the influence of various endogenous or exogenous variables and make a reasoned decision;
• Mastering professional terminology and communication skills in the field of economics and finance;
• Understanding the importance of teamwork in the process of making business and financial decisions;
• Acquiring IT competence through mastering statistical-mathematical methods and models;
• The possibility of continuing to improve by attending a master's study.