Economics and Finance

Study mater program  Economics and Finance  is a modernly conceived, one-year master's program of academic studies, which educates experts - master economists in economics and finance. The program is characterized by a modern approach to problem analysis and the incorporation of the latest achievements in the field of economics and finance.

Structure of the study program  Economics and Finance  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  MAS Economics and Finance  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 number of subjects in the study program is compulsory (4 subjects), and the others are optional (2 are chosen from a list of 4 subjects). The ratio of ESPB points of elective subjects to the total number of points is higher than 30%, which meets the prescribed standards. A student can influence the structure of the study program with optional subjects, and thus shape his academic profile through the optional subject groups. The student defends his master's thesis in the second semester. The number of lessons for each subject is 30 lessons for teaching exercises in the winter semester.

The purpose of the master's academic study program  Economics and Finance  at the Faculty of Economics and Finance is to educate specialized, highly skilled, 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  MAS Economics and Finance have a high social value and fully justify the existence of this study program, which is mostly oriented towards the improvement of abilities and business skills and knowledge in the field of economics, finance and banking, and the ability to analyze and solve complex business and management problems in various areas of economy and society. The main purpose of Master's academic studies is to enable future leaders to acquire the skills of: planning and analysis, business organization, conceiving, making and implementing business and financial decisions.

Master academic study program  MAS Economics and Finance  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  MAS Economics and Finance  to understand global economic and financial processes and to apply acquired knowledge and skills to  MAS Economics and Finance  use and contribute to the growth of our economy in European and global frameworks.

The increasingly dynamic, complex and turbulent international business environment, especially bearing in mind the consequences of increasingly frequent global recessions (the global financial recession of 2008, the global economic recession of 2020 caused by the global pandemic and the contraction of global growth in 2022 caused by the crisis in Ukraine), requires mastering and the application of new economic and financial instruments and tools to respond in the most efficient way to ever-increasing economic, financial and business challenges and risks. Right on  MAS Economics and Finance  provides opportunities for the education of professional staff who, with their knowledge, could face current economic and financial risks. In addition, the creation of specialized economic and financial personnel would satisfy the demand on the labor market for personnel who possess the knowledge to implement new financial instruments and derivatives. This applies both to the entrepreneurial sector (micro, small and medium enterprises) and to the sector of large companies. Also, from the point of view of the state sector, there is a chronic lack of personnel who possess modern statistical and mathematical knowledge for the purpose of economic and financial analysis and continuous monitoring of the effects of numerous state incentives, that is, the creation of the most comprehensive basis for making strategic and operational decisions at all levels.

Bearing in mind the needs of our society for such personnel, this study program shows its full social justification. The purpose of study program  MAS Economics and Finance  is consistent with the basic tasks and goals of the Faculty where the program is conducted. This consistency is reflected in continuous work on personal development, improvement of the educational process and the quality of teaching. Educational standards and technologies are implemented in accordance with the Bologna Declaration and cooperation is achieved with similar institutions in Europe and the world in order to exchange experiences in pedagogical work, exchange of teachers and students and their involvement in scientific research work on projects of common interest.

The goals and tasks of the Faculty of Economics and Finance are aligned with the goals of higher education in the Republic of Serbia, the Law on Higher Education and the Statute of the University "Union - Nikola Tesla". The main goal of the study program  MAS Economics and Finance  is the education of economists who are competent to perform the most complex economic tasks in the economy sector and in financial institutions (banks, auditing firms and other financial organizations). At the end of the program  MAS Economics and Finance  students 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 economy and society.

The goal of the master's academic study program  Economics and Finance  at the Faculty of Economics and Finance is the ability of students to reach a high level of competence and academic knowledge and skills in the field of key economic, business and financial disciplines. The program  MAS Economics and Finance  represents an upgrade of the previous level of basic studies, where students will acquire higher - more complex knowledge in the field of economics and finance and create their educational profile by choosing specific subjects. The program is also open to the education of students who have completed the previous level of study at other faculties, who want to acquire knowledge and skills competent for a master's degree in economics with a focus on finance.

Program  MAS Economics and Finance  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 to deepen knowledge in the areas of advanced macroeconomics, microeconomics, financial institutions, international economics and finance. One of the goals of the program is a deeper theoretical and practical understanding of global economic and financial processes and the mastery of modern mathematical-statistical and econometric methods, without which it is not possible to monitor the economic and financial effects of business.

The purpose of the study program  MAS Economics and Finance  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 complex economic and financial ventures in the domestic or foreign economic or financial sector, through its interactivity in teaching and encouraging initiative and creativity. One of the goals of the program  MAS Economics and Finance  is also the transfer of knowledge between the academic and business worlds and the encouragement of ambition in students that will help them advance in their careers, contribute to the development of the economy and society, and continue their training, including further academic education.  MAS Economics and Finance  enables students to present the results of their research work to the professional public and to valorize their actions in a wider social, scientific and ethical context.

The main goal of the study program MAS Economics and Finance is the education of economists who are competent to perform the most complex economic tasks in the economy sector and in financial institutions (banks, auditing firms and other financial organizations). At the end of the program MAS Economics and Finance students 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 economy and society. The aim of the master's academic study program MAS Economics and Finance at the Faculty of Economics and Finance is the ability of students to reach a high level of competence and academic knowledge and skills in the field of key economic, business and financial disciplines. The program MAS Economics and Finance represents an upgrade of the previous level of basic studies, where students will acquire higher - more complex knowledge in the field of economics and finance and create their educational profile by choosing specific subjects. The program is also open to the education of students who have completed the previous level of study at other faculties, who want to acquire knowledge and skills competent for a master's degree in economics with a focus on finance.

Students who have completed the master's program  MAS Economics and Finance  have acquired competencies to perform complex and complex economic and financial tasks in business.

In addition, students will master the following general competencies:

• Ability to use modern mathematical-statistical and econometric methods in economic and financial analysis of the situation and forecasting possible trends of key economic and financial variables in the economy 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 and econometric methods and models;
• The possibility to continue training by attending doctoral studies.

The subject-specific competences of the graduated students are primarily reflected in the thorough knowledge of the field of economics and finance and the understanding of the wider context in which they encounter specific problems. Graduated students  MAS Economics and Finance  will be competent to:

• Connect and practically apply theoretical knowledge from various fields: advanced macroeconomics, microeconomics, financial market and stock exchange, international economy and finance, EU economic policy and global processes, as well as implement acquired knowledge in concrete business situations;
• Apply their knowledge and skills in domestic or foreign companies, financial institutions and organizations;
• Professionally engage in the entrepreneurial sector in solving and performing economic and financial problems and tasks;
• Successfully manage economic and financial projects and manage a team;

• Scientific methods of research and create an independent research paper;

• Present and publish scientific work, to competently and argumentatively explain complex economic and financial problems.

By connecting basic knowledge from many fields with subject-specific knowledge and applying scientific methods and procedures, students are able to face complex problems and solve them successfully. In this regard, they maintain their competence at a high level by following the latest developments in the profession and their application in specific jobs.