Faculty of Economics / ECONOMICS / CORPORATE FINANCES

Course:

CORPORATE FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4126	Izborni	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / METHODOLODGY OF SCIENTIFIC RESEARCH

Course:

METHODOLODGY OF SCIENTIFIC RESEARCH/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4132	Obavezan	1	5	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 4 hour(s) i 40 minuts of independent work, including consultations	Classes and final exam: 6 hour(s) i 40 minuts x 16 =106 hour(s) i 40 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 6 hour(s) i 40 minuts x 2 =13 hour(s) i 20 minuts Total workload for the subject: 5 x 30=150 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 30 hour(s) i 0 minuts Workload structure: 106 hour(s) i 40 minuts (cources), 13 hour(s) i 20 minuts (preparation), 30 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INFORMATION ECONOMICS

Course:

INFORMATION ECONOMICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4133	Obavezan	1	4	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
4 credits x 40/30=5 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 3 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 5 hour(s) i 20 minuts x 16 =85 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 5 hour(s) i 20 minuts x 2 =10 hour(s) i 40 minuts Total workload for the subject: 4 x 30=120 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 24 hour(s) i 0 minuts Workload structure: 85 hour(s) i 20 minuts (cources), 10 hour(s) i 40 minuts (preparation), 24 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / QUALITY MANAGEMENT

Course:

QUALITY MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4135	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	No conditionality
Aims	The aim of the study is that students possess the knowledge in the field of quality management. Another aim is to teach students the methods and techniques of quality improvement and through practical examples to enable their use in specific conditions.
Learning outcomes	After passing the exam in this subject, students will be able to: 1. Distinguish the basic concepts and development of quality science. 2. Recognizes and defines the approaches of quality gurus. 3. Understands the standards of the quality management system and their principles. 4. Interprets the requirements of the ISO 9001 standard. 6. Applies the process approach. 7. Distinguish between audit and self-assessment.
Lecturer / Teaching assistant	Prof. Dr Zdravko Krivokapić
Methodology	Lectures, tests and final exam

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction, definitions and terminology.
I week exercises
II week lectures	Quality - the importance and development
II week exercises
III week lectures	Gurus of quality.
III week exercises
IV week lectures	Standards in the field of management systems.
IV week exercises
V week lectures	Quality management system.
V week exercises
VI week lectures	The requirements of ISO 9001 standard.
VI week exercises
VII week lectures	First test
VII week exercises
VIII week lectures	Process approach.
VIII week exercises
IX week lectures	Other systems of management.
IX week exercises
X week lectures	Checking of management system.
X week exercises
XI week lectures	Self Assessment.
XI week exercises
XII week lectures	Improving. Tools and Techniques for improving.
XII week exercises
XIII week lectures	Methods of quality
XIII week exercises
XIV week lectures	Second test
XIV week exercises
XV week lectures	Final exam
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes and do tests
Consultations	Cabinet 401
Literature
Examination methods	First test 25 points Second test 25 points Final exam 50 points
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / PUBLIC FINANCES

Course:

PUBLIC FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4163	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / PUBLIC FINANCES

Course:

PUBLIC FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4163	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / PUBLIC CHOICE ANALYSIS

Course:

PUBLIC CHOICE ANALYSIS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4164	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MANAGEMENT OF ORGANIZATIONAL CHANGE

Course:

MANAGEMENT OF ORGANIZATIONAL CHANGE/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4165	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / TIME SERIES MODELS

Course:

TIME SERIES MODELS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4169	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MANAGEMENT ACCOUNTING

Course:

MANAGEMENT ACCOUNTING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4170	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / CORPORATE FINANCES

Course:

CORPORATE FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4171	Izborni	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / AUDITING

Course:

AUDITING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4172	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INTERNATIONAL MARKETING STRATEGY

Course:

INTERNATIONAL MARKETING STRATEGY/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4173	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / ACTUARIAL MATHEMATICS

Course:

ACTUARIAL MATHEMATICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4175	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	-
Aims	The course is the base for the in the Actuarity department
Learning outcomes	After completion of this course the student will be able to: 1. Describe the calculation base in tariffs calculation of life insurance and calculate the discount factor in insurance- technical sense. 2. Define the biometric functions, the intensity of mortality, expected and probable life duration. 3. Calculate net and gross premiums for the various types of life insurance. 4. Establish tariffs in property insurance. 5. Calculate the premium reserve in 4 ways. 6. Explain the methods of determining reserves for losses and retention. 7. Define and determine a solvency margin and assess the rating of insurance companies.
Lecturer / Teaching assistant	Vladimir Kašćelan full professor, TA Milan Raičević
Methodology	Lectures with the active participation of students. It is planned two tests.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Technical organization of insurance. Characteristics and type of life insurance.Technical bases of life insurance
I week exercises	Technical organization of insurance. Characteristics and type of life insurance.Technical bases of life insurance
II week lectures	Computational bases for tariff calculations in life insurance.
II week exercises	Computational bases for tariff calculations in life insurance.
III week lectures	Tariff calculation (net premiums) for different types of life insurance
III week exercises	Tariff calculation (net premiums) for different types of life insurance
IV week lectures	Biometric functions. Mortality rate. Expected and probable life duration
IV week exercises	Biometric functions. Mortality rate. Expected and probable life duration
V week lectures	Gross premium calculation in life insurance. One and case of more than one annual premium
V week exercises	Gross premium calculation in life insurance. One and case of more than one annual premium
VI week lectures	Insurance at two lives. Probability of life and death of two persons. Commutative numbers. Joint whole life annuity-due. Pure endowment. Whole life insurance. Endowment
VI week exercises	Insurance at two lives. Probability of life and death of two persons. Commutative numbers. Joint whole life annuity-due. Pure endowment. Whole life insurance. Endowment
VII week lectures	Determination of tariffs in non-life insurance
VII week exercises	Determination of tariffs in non-life insurance
VIII week lectures	Test no. 1
VIII week exercises	Test no. 1
IX week lectures	Premium reserve
IX week exercises	Premium reserve
X week lectures	Retrospective and prospective net method of premium reserve calculation. Zillmer’s method
X week exercises	Retrospective and prospective net method of premium reserve calculation. Zillmer’s method
XI week lectures	Recursion relations. Saving and risk premium
XI week exercises	Recursion relations. Saving and risk premium
XII week lectures	Methods for loss reserves calculation in non-life insurance. Self-retention and methods for its calculation
XII week exercises	Methods for loss reserves calculation in non-life insurance. Self-retention and methods for its calculation
XIII week lectures	Solvency margin. Rating of insurance companies
XIII week exercises	Solvency margin. Rating of insurance companies
XIV week lectures	Test no. 2
XIV week exercises	Test no. 2
XV week lectures	Make-up tests
XV week exercises	Make-up tests

Student workload	per week 7 credits x 40/30 = 9.33 pm Structure: 4 hours of lectures 5.33 hours of independent work, including consultations. per semester per semester Total workload for the course 7x30 = 210 hours Structure: Lectures and final exam: 9.33x16weeks = 149.28 hours Preparation before the start of the semester (administration): 9.33x2 = 18.66 hours. Additional work to prepare for and take the make-up exam 42.06 hours.
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes
Consultations	after lectures
Literature	Kočović J.: Aktuarske osnove formiranja tarifa u osiguranju lica EF-Beograd 2000; Kašćelan V. Novović M: Osiguranje i aktuarska matermatika, Univerzitet Crne Gore, 2009.; Kašćelan V.: Osnove aktuarske matematike- skripta EF 2004. Selection from a variet
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / FINANCIAL MATHEMATICS AT FINANCIAL MARKETS

Course:

FINANCIAL MATHEMATICS AT FINANCIAL MARKETS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4176	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	-
Aims	The course is the base for the remaining two disciplines in the Actuarity department
Learning outcomes	After completion of this course the student will be able to: 1. Appoint and define the basic concepts in the financial market. 2. Apply the equivalence principle and the method of discounting and prolongation to short-term and long-term bonds, shares and to testing of investment profitability. 3. Define the effective interest rate on bank deposits and loans and compare it with the internal rate of return from the calculative point of view. 4. Generalize the discount factor for the case of variable interest rates and apply it in finance. 5. Define the term contracts and determine their prices. 6. Apply a portfolio analysis and create different models in insurance. 7. Prepare verbal and written presentation from financial mathematics in the financial market.
Lecturer / Teaching assistant	Vladimir Kascelan, full professor
Methodology	Lectures with the active participation of students. Seminar paper with the theme of financial markets. It is planned two tests and essay.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Concept, types and characteristics of financial markets. Functions, objectives and participants in the capital market
I week exercises	Concept, types and characteristics of financial markets. Functions, objectives and participants in the capital market
II week lectures	Principles and methods of financial mathematics. Interest account: anticipative and decursive interest. Simple and compound interest. Compounding m times a year. Effective interest rate. Continuous compounding
II week exercises	Principles and methods of financial mathematics. Interest account: anticipative and decursive interest. Simple and compound interest. Compounding m times a year. Effective interest rate. Continuous compounding
III week lectures	Rate of return and the discounted rate. Determination of price of short-term securities. Streams of payments – periodic cash inflow and outflow. IRA accounts. Loans. Securities prices and yields. Yield curve. Bonds. Yield to maturity, duration, modif
III week exercises	Rate of return and the discounted rate. Determination of price of short-term securities. Streams of payments – periodic cash inflow and outflow. IRA accounts. Loans. Securities prices and yields. Yield curve. Bonds. Yield to maturity, duration, modif
IV week lectures	The nominal versus effective interest rates. Theorem on accumulation factor. Present value function. The effective interest rates on deposits and bank loans
IV week exercises	The nominal versus effective interest rates. Theorem on accumulation factor. Present value function. The effective interest rates on deposits and bank loans
V week lectures	Discrete and continuous cash flows. Investment profitability. Internal rate of return (IRR). Comparison of two investment projects. Discounted payback period (DPP). Impact of inflation
V week exercises	Discrete and continuous cash flows. Investment profitability. Internal rate of return (IRR). Comparison of two investment projects. Discounted payback period (DPP). Impact of inflation
VI week lectures	Test no. 1
VI week exercises	Test no. 1
VII week lectures	Financial derivatives. Forward and futures contracts. Options. Binomial tree model and the concept of replication potfolio. Cox-Ross-Rubinstein formula.
VII week exercises	Financial derivatives. Forward and futures contracts. Options. Binomial tree model and the concept of replication potfolio. Cox-Ross-Rubinstein formula.
VIII week lectures	Stock-options. Black-Sholes formula. Greek parameters
VIII week exercises	Stock-options. Black-Sholes formula. Greek parameters
IX week lectures	Swaps
IX week exercises	Swaps
X week lectures	Portfolio analysis in insurance. Portfolio management strategies. Expected return on a portfolio. Two and several securities. Efficient frontier. Capital market efficiency
X week exercises	Portfolio analysis in insurance. Portfolio management strategies. Expected return on a portfolio. Two and several securities. Efficient frontier. Capital market efficiency
XI week lectures	Portfolio analysis in insurance. The process of portfolio selection. One factor model. Multiple factors models. Immunization strategy. Transformation of equity into a zero-coupon bonds.
XI week exercises	Portfolio analysis in insurance. The process of portfolio selection. One factor model. Multiple factors models. Immunization strategy. Transformation of equity into a zero-coupon bonds.
XII week lectures	Test no. 2
XII week exercises	Test no. 2
XIII week lectures	CAPM (Capital Asset Pricing Model). APT- valuation model of financial assets on the basis of the arbitrage
XIII week exercises	CAPM (Capital Asset Pricing Model). APT- valuation model of financial assets on the basis of the arbitrage
XIV week lectures	Stochastic calculations in finance
XIV week exercises	Stochastic calculations in finance
XV week lectures	Essay
XV week exercises	Essay

Student workload	per week 7 credits x 40/30 = 9.33 pm Structure: 2 hours of lectures 7.33 hours of independent work, including consultations per semester Total workload for the course 7x30 = 210 hours Structure: Lectures and final exam: 9.33x16weeks = 149.28 hours Preparation before the start of the semester (administration): 9.33x2 = 18.66 hours. Additional work to prepare for and take the make-up exam 42.06 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes
Consultations	after lectures
Literature	: V.Kašćelan Finansijska matematika I- chrestomathy, EF Podgorica 2003; B.Laković V. Kašćelan Privredna i finansijska matematika, EF Podgorica 1997; J.Kočović M. Pavlović Uvod u finansijsku matematiku EF Belgrade, 2010; Selection of more foreign books
Examination methods	2 tests and essay. The mark is formed according to the ECTS scale.
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INSURANCE AND RISK MANAGEMENT

Course:

INSURANCE AND RISK MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4177	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	-
Aims	professional course for department Actuarity
Learning outcomes	After completion of this course the student will be able to: 1. Define risk, appoint to the forms and phases of risk management and analyze the risk matrix. 2. Appoint functions, elements, tasks of technical organization of insurance and factors that affect the insurance premium. 3. Indicate persons in insurance and insurance documents, as well as the forms of organization of insurance companies. 4. Describe and classify the types of property and life insurance. 5. Define coinsurance and reinsurance. 6. Describe the guarantee and technical reserves and indicate the types of investments of insurance funds. 7. Explain the pension and health insurance. 8. Analyze, connect with the theory and discuss of insurance practice in Montenegro
Lecturer / Teaching assistant	Milijana Novovic Buric, assistant professor and Vladimir Kašćelan, full professor
Methodology	lectures

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	History of insurance. Role, functions and definitions of insurance
I week exercises	History of insurance. Role, functions and definitions of insurance
II week lectures	Elements and tasks of technical organization of insurance. Basic elements of insurance ( risk, premium, sum insured, insurance case, insurance benefit)
II week exercises	Elements and tasks of technical organization of insurance. Basic elements of insurance ( risk, premium, sum insured, insurance case, insurance benefit)
III week lectures	Risk. Elements of risk. Intensity of risk. Type of risks and risk management.
III week exercises	Risk. Elements of risk. Intensity of risk. Type of risks and risk management.
IV week lectures	Insurance premium. Methods of calculation. Bonus and Malus and Excess. Unearned premium.
IV week exercises	Insurance premium. Methods of calculation. Bonus and Malus and Excess. Unearned premium.
V week lectures	Legal aspects of insurance: persons in insurance (insurer, insured, beneficiary, insured person, insurance agents...)
V week exercises	Legal aspects of insurance: persons in insurance (insurer, insured, beneficiary, insured person, insurance agents...)
VI week lectures	Legal aspects of insurance: documents (insurance policy, sip and cover note, certificate of insurance, green card...)
VI week exercises	Legal aspects of insurance: documents (insurance policy, sip and cover note, certificate of insurance, green card...)
VII week lectures	Test I
VII week exercises	Test I
VIII week lectures	Organizational structure of insurance company. Type of insurance regarding different criteria
VIII week exercises	Organizational structure of insurance company. Type of insurance regarding different criteria
IX week lectures	Life and nonlife insurance. Reinsurance. Coinsurance
IX week exercises	Life and nonlife insurance. Reinsurance. Coinsurance
X week lectures	Insurance companies and financial markets. Technical and guarantee reserves. Investments. Performance indicators of insurance companies
X week exercises	Insurance companies and financial markets. Technical and guarantee reserves. Investments. Performance indicators of insurance companies
XI week lectures	Social insurance: pension and health insurance
XI week exercises	Social insurance: pension and health insurance
XII week lectures	Voluntary pension and health insurance
XII week exercises	Voluntary pension and health insurance
XIII week lectures	Insurance market and insurance law and regulation.
XIII week exercises	Insurance market and insurance law and regulation.
XIV week lectures	Test II
XIV week exercises	Test II
XV week lectures	Corrective tests
XV week exercises	Corrective tests

Student workload	per week 7 credits x 40/30 = 9,33 hours Structure: 2 hours of lectures 7,33 hour of independent work including consultation per semester 7x30=210 hours Structure: Lectures and final exams: 9,33x16= 149,28 hours Preparation before the start of semester (administration, enrolment): 9,33x2 = 18.66 hours. Additional work - preparation for the corrective exam period: 42.06 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes and take tests
Consultations	after lectures
Literature	Kozarević S.: Rizik menadžment i osiguranje, Ekonomski fakultet, Tuzla, 2009.; Kašćelan V. Novović M.: Osiguranje i aktuarska matematika, Univerzitet Crne Gore, 2009.; G.E.Rejda Principles of Risk Management and Insurance, Addison Wesley Longman, 2001
Examination methods	two tests
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MARKETING RESEARCH

Course:

MARKETING RESEARCH/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4179	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INTERNATIONAL FINANCES

Course:

INTERNATIONAL FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4181	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	None
Aims	Importance of international institutions as creators of the global economy and policy
Learning outcomes	After passing this exam, students will be able to: 1. Recognize the importance of international capital markets and movement of capital in the global economy. 2. Analyze and discuss fixed versus fluctuating exchange rates. 3. Explain the functioning of the European Monetary System and the European Monetary Union. 4. Examine the relationship between foreign capital in the economic development of less developed countries. 5. Develop the ability to research complex international economic phenomenon in the future.
Lecturer / Teaching assistant	Danijela Jacimovic, PhD
Methodology	Lectures, homework, test, consultations, workshop

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Modern trends in World Economy
I week exercises
II week lectures	Globalization and its effects
II week exercises
III week lectures	Characteristics of modern finance
III week exercises
IV week lectures	International capital flow
IV week exercises
V week lectures	Role of FDI in economic development financing
V week exercises
VI week lectures	Role of the International Monetary Fund in global policy creation
VI week exercises
VII week lectures	Financial crisis: origins and effects
VII week exercises
VIII week lectures	Midterm exam
VIII week exercises
IX week lectures	World Bank and the international debt problems
IX week exercises
X week lectures	Payment of balance
X week exercises
XI week lectures	Types of exchange rates
XI week exercises
XII week lectures	Price mechanism: adjustment to the balance of payments
XII week exercises
XIII week lectures	Monetary and fiscal policies in the regime of fixed and floating rate
XIII week exercises
XIV week lectures	Optimal Currency Area
XIV week exercises
XV week lectures	Test
XV week exercises

Student workload	Per week: 7 credits x 40/30 = 9.33 hours. Structure: 4 hours for lectures. 5.33 hours for independent work, including consultations. Per semester: Total hours for the course: 7x30 = 210 hours. Structure: Teaching and final exam: 9.33x16 weeks = 149.28 hours. Necessary preparation before the start of the semester (administration, registration, verification): 9.33x2 = 19 hours. Additional work to prepare the Exam: 60 hours.
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Essay and homework
Consultations
Literature	1. Intenational finance by Radovan Kovacevic, Faculty of Economics, Belgrade, 2010. 2. International finance by Oskar Kovac, Faculty of Economics, Belgrade, 2003 3. International Finance by Maurice Levi, Routledge, New York, 2005.
Examination methods	Test, Essay, Homeworks
Special remarks
Comment	Specialist discipline

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / IS MODELING AND IMPLEMENTATION

Course:

IS MODELING AND IMPLEMENTATION/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4183	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / BUSINESS INTELIGENCE SYSTEMS

Course:

BUSINESS INTELIGENCE SYSTEMS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4184	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	No
Aims	Introduction to data warehouse purpose, modeling, development and implementation. Getting to know the steps of data mining process: defining the study, model generation, testing and application of the model. Practical use DM tools for business analysis.
Learning outcomes	After passing this exam student will be able to: 1. Explain the concept of a data warehouse (DW), identify and evaluate the stage and methods of DW development in business practice 2. Define and explain de-normalization and its role in the dimensional data modeling 3. Explain and compose dimensional relational data model (star-schema) in business 4. Define, explain and apply dimensional analysis (OLAP) and OLAP techniques 5. Define and explain the concept of data mining (DM), DM functions, methods and their application in business 6. Define, link and generate the basic processes in the DM tool 7. Apply DM tool and use it to generate and interpret predictive models in business
Lecturer / Teaching assistant	Prof. dr Ljiljana Kašćelan
Methodology	Lectures, practical work, project development and consultancy.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Business Intelligence-concept and components. Transactional and analytical data processing.
I week exercises
II week lectures	The concept, function and structure of the data warehouse (DW).
II week exercises
III week lectures	The concept of data mart. The role of DW metadata.
III week exercises
IV week lectures	Multidimensional data modeling. Denormalization. Star scheme.
IV week exercises
V week lectures	Stages of DW development. Methods of DW implementation
V week exercises
VI week lectures	The concept of On-line Analytical Processing(OLAP). Types of OLAP. Relational OLAP - techniques and analysis of business data.
VI week exercises
VII week lectures	Data mining (DM) -concept and functions. DM methods.
VII week exercises
VIII week lectures	Colloquium (theory test)
VIII week exercises
IX week lectures	DM process- data preparation and definition of study. Example.
IX week exercises
X week lectures	DM process- selection of an appropriate DM method and build the models. Example.
X week exercises
XI week lectures	DM process- testing and validation of the model. Example
XI week exercises
XII week lectures	Make-up Colloquium (theory test)
XII week exercises
XIII week lectures	DM process- project development
XIII week exercises
XIV week lectures	DM process- project development
XIV week exercises
XV week lectures	Presentation of the project
XV week exercises

Student workload	per week 7 credits x 40/30 = 9.31 hours Structure: 2 hours of lectures Individual student work: 7.31 hours. per semester Total hours for the course: 7 credits x 30 = 210 hours Structure: Lessons and the final exam: 16 weeks x 9.31 hours = 148.96 hours Necessary preparations before the start of the semester (before semester): 2 weeks x 9.31 hours = 18.62 hours Additional work for the preparation and make-up examination: 42.42 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Active participation in class activities. Development of the project individually.
Consultations	The terms are highlighted on the website of the Faculty.
Literature	Required: Kašćelan Lj., Information Technology for Business Decisions Support, University of Montenegro, 2012 Recommended: Balaban N., Ristic Z., Business Intelligence, Faculty of Economics, Subotica, 2006
Examination methods	Score on the exam is based on the results of theory test (30%), project (30%), class activities (5%) and final exam (35%). The exam is passed if the total score is at least 50 points.
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MANAGEMENT OF THE PUBIC SECTOR

Course:

MANAGEMENT OF THE PUBIC SECTOR/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4186	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	No prerequisites
Aims	Mastering of knowledge and skills in the field of public sector economics
Learning outcomes	Upon completion of this course, student will be able to review the role and importance of the public sector and critically evaluate the role of the state in the economy, understand the methods of analysis and decision-making in the public sector and forms of organization of the public sector, analyze how to improve the economic efficiency of the public sector in market economies, analyze the economic effects of strategies and projects of the public sector and implement management knowledge to practical management problems in public administration.
Lecturer / Teaching assistant	Professor Milivoje Radović, PhD
Methodology	Lectures, tutorials, case studies, research papers

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	The concept of public sector management
I week exercises	The concept of public sector management
II week lectures	Public sector in mixed economy
II week exercises	Public sector in mixed economy
III week lectures	New public management
III week exercises	New public management
IV week lectures	Organization of public sector
IV week exercises	Organization of public sector
V week lectures	Research paper presentation
V week exercises	Research paper presentation
VI week lectures	Strategic planning and project management in public sector
VI week exercises	Strategic planning and project management in public sector
VII week lectures	Public management tasks
VII week exercises	Public management tasks
VIII week lectures	Health care. Defense and technology. Social insurance
VIII week exercises	Health care. Defense and technology. Social insurance
IX week lectures	Welfare programs and the redistribution. Education.
IX week exercises	Welfare programs and the redistribution. Education.
X week lectures	Public sector in European Union
X week exercises	Public sector in European Union
XI week lectures	Public sector in United States of America
XI week exercises	Public sector in United States of America
XII week lectures	Research paper presentation
XII week exercises	Research paper presentation
XIII week lectures	Informal economy.Labor market
XIII week exercises	Informal economy.Labor market
XIV week lectures	Special roles of state in transition process
XIV week exercises	Special roles of state in transition process
XV week lectures	Final exam
XV week exercises	Final exam

Student workload	Per week: 7 credits x 40/30 = 9,33 hours Structure: Lectures: 4 hours Individual work: 5,33 hours including tutorials Per semester: Subject workload 7 x 30 = 210 hours Structure: Classes and final exam: 9.33 x 16 weeks = 150 hours Preparation needed before start of semester (administration, enrolment and verification): 9,33 x 2 =19 hours Additional work for preparing and takng exams in re-sit period: 60 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Lessons attendance is mandatory for students.
Consultations	Consultations take place within established terms which are published on website or by mail.
Literature	J.E.Stiglitz, „Ekonomija javnog sektora“, Ekonomski fakultet Beograd, 2005. D.Osborne, T.Gaebler, „Reinventing Government”, Penguin Books, New York, 2002.
Examination methods	Oral exams, presentations of research papers and debates.
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / CRISIS MANAGEMENT

Course:

CRISIS MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4187	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MARKETING MANAGEMENT

Course:

MARKETING MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4188	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / ECONOMICS OF EU

Course:

ECONOMICS OF EU/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4189	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INSTITUTION OF EU

Course:

INSTITUTION OF EU/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4190	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	None
Aims	The functioning and significance of the EU Institutions
Learning outcomes
Lecturer / Teaching assistant	Danijela Jaćimović, PhD
Methodology	Lectures, essays, test, debates, consultations

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Why studying EU Institutions ?
I week exercises
II week lectures	European Council - characteristics
II week exercises
III week lectures	Power of the European Council: Functions
III week exercises
IV week lectures	Council of Ministers: the institutional hierarchy
IV week exercises
V week lectures	The Council of Ministers - how the Council works
V week exercises
VI week lectures	Coreper: integrating interests
VI week exercises
VII week lectures	Midterm exam
VII week exercises
VIII week lectures	European Commission - function and role of the Collegium
VIII week exercises
IX week lectures	Organization and Reform Commission
IX week exercises
X week lectures	European Parliament - model of representative democracy
X week exercises
XI week lectures	Political interests and Parliament
XI week exercises
XII week lectures	Court of Justice of the European Union
XII week exercises
XIII week lectures	Financial control: Court of Auditors
XIII week exercises
XIV week lectures	European Central Bank and other financial institutions
XIV week exercises
XV week lectures	Test
XV week exercises

Student workload	Per week: 7 credits x 40/30 = 9.33 hours. Structure: 4 hours for lectures. 5.33 hours for independent work, including consultations. Per semester: Total hours for the course: 7x30 = 210 hours. Structure: Teaching and final exam: 9.33x16 weeks = 149.28 hours. Necessary preparation before the start of the semester (administration, regisration, verification): 9.33x2= 19 hours. Additional work to prepare the Make-Up Exam: 60 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Essay
Consultations
Literature	1. European Union by Prokopijevic, M, JP Sluzbeni glasnik, Belgrade, 2009. 2. EU institutions after the Lisbon Treaty by Jacimovic D, Uprava za kadrove, Podgorica, 2011. 3. Peterson, J. and M. Shackleton, (2005) The Institutions of the European Union, Oxf
Examination methods	Exam - 50% and essay 50%. Passing grade can be reached with cumulatively reached 50 points at last.
Special remarks
Comment	Specialist discipline

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / BANKING MANAGEMENT

Course:

BANKING MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4191	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / FORECASTING ECONOMIC PROCESSES

Course:

FORECASTING ECONOMIC PROCESSES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4414	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / INTERNATIONAL MARKETING

Course:

INTERNATIONAL MARKETING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
4416	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / BRAND MANAGEMENT

Course:

BRAND MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5358	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	There are no prerequisites.
Aims	Managing brands (brand management) is one of the main concerns and areas of interest of modern marketing management. The main objective of the course is to educate students that, in the conditions of modern market economy, effectively and efficiently manage the construction of a brand and its positioning in the market, and thus to contribute to the mission, goals and strategy. Hence, in addition to theoretical explanations of the concept of brand management, discipline involves analysis of the issues of identity and perceptual features and characteristics of the brand in the process of its profiling and positioning, as well as creatong the optimal strategic response for the long term brand management and its value, with the ultimate goal to direct the brand over time from a national focus to the global area.
Learning outcomes	After passing this exam, students will be able to: Describe the basic categories of brand management, as well as point out the importance of brand in marketing; Explain the connection between the modern consumer and the brand; Point out methods of creating fundamental values of the brand and positioning strategies (in the case of a specific company); Discuss about identity features and characteristics of the brand, as well as explain the brand architecture; Explain the internal and external implementation of the brand management approach, in the case of a concrete company; Analyse the strategic alternatives of brand development, as well as discuss about specific areas of branding (branding of destinations, services, people, etc.); Develop the strategy for managing with products, prices, sales channels and brand promotion; Describe methods of managing the brand and classify methods for the measuring brand value;
Lecturer / Teaching assistant	Boban Melović, Associate Professor
Methodology	Lectures, seminars, practical work, case studies, consultations

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	The concept of brand and brand management; The marketing significance of brands and brand management
I week exercises
II week lectures	The connection between the contemporary consumer and the brand
II week exercises
III week lectures	Creating a basic brand values and positioning strategies
III week exercises
IV week lectures	Identity features and characteristics of the brand
IV week exercises
V week lectures	Brand architecture
V week exercises
VI week lectures	Internal implementation of brand management approach
VI week exercises
VII week lectures	External implementation of brand management approach
VII week exercises
VIII week lectures	Perceptual characteristics and brand charachteristics, Test
VIII week exercises
IX week lectures	Profiling and brand positioning
IX week exercises
X week lectures	Strategic alternatives of the brand development
X week exercises
XI week lectures	The management of the brand structure; Product strategy, prices, distribution (sales) channels and branding
XI week exercises
XII week lectures	Brand promotion management; Communicating brand values
XII week exercises
XIII week lectures	Brand value management; Measuring brand value
XIII week exercises
XIV week lectures	Trademark and brand in the services sector; Branding areas - destination
XIV week exercises
XV week lectures	National and global brands routings; The relationship between domestic and foreign brands, Test
XV week exercises

Student workload	Total hours for the course: 7ECTS x 30 = 210 hours; Structure: Classes and the final exam: 9.33 x 16 weeks = 150 hours; Necessary preparations before the start of the semester (administration, admission, verification): 9.33 x 2 = 19 hours; Additional work for the preparation and examination of make-up exam: 60 hours.
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Presentation of seminas, test, projects - practical work, solve business problems.
Consultations	After hours of lectures and during official terms for consultations published on the website of the Faculty.
Literature	Basic (required): Rakita B., Mitrović I., Brend menadžment, Savremena administracija, Beograd, 2007; Veljković S., Brend menadžment u savremenim tržišnim uslovima, CID, Ekonomski fakultet Beograd, 2010; Additional: Keller K. L., Aperia T., Georgson
Examination methods	The structure of marks formed on the basis of the following elements: Written exam - 40 points; Seminar with presentation (20 points); Final (oral) exam (40 points).
Special remarks
Comment	Further information can be obtained from the subject teacher or via email bobanm@ac.me

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / ANALYSIS OF INVESTMENTS IN SECURITIES

Course:

ANALYSIS OF INVESTMENTS IN SECURITIES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5373	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / PORTFOLIO MANAGEMENT

Course:

PORTFOLIO MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5374	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / FINANCIAL RISK MANAGEMENT

Course:

FINANCIAL RISK MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5375	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / FINANCIAL MARKETS

Course:

FINANCIAL MARKETS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5377	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	None
Aims	Understand and interpret complex functionng four basic financial market segments in financial system and in economy overall..
Learning outcomes	Upon completion of this course, the student will be able to: 1. Explain and compare financial systems and fundamental classes of financial instruments, formulate financial market, elaborate and recommend structure of financial market, defend and criticise regulations of modern financial markets. 2. Interpret significance of money market, summarise theory of interest and interest rate, explan the relation of interest rate and inflation, define quantitatively market prices and yield of instruments, interpret and recommend international money markets. 3. Analyse market of long-term financial instruments, explain, formulate, cetegorise and value stocks and long-term bonds, speak about issuing of capital market instruments, rank and integrate form of placement (selling) of issuing. 4. Explan and assess secondary capital market, interpret stock-exchange and stock-exchange cycles, categorise and propose modern trade, form structure of mortgage market, establish prices of mortgage market instruments. 5. Speak about financial derivatives and derivatives markets, explain hedging transactions, interpret functioning of futures market, calculate costs of including forward contracts, value and give arguments for general involment of options, analyse swap arrangement. 6. Categorise currencies, differentiates among exchange rates, understand and discriminate significance and functions of exchange rate, explain functioning of foreign exchange market, choose and value currency pair, formulate supply and demand of foreign exchange along with speculation and intervetnion of monetary authorities.
Lecturer / Teaching assistant	Dr Slobodan Lakić (professor), dr Milan Lakićević (professor)
Methodology	Classical teaching methods

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Theoretical understanding of financial market structure
I week exercises
II week lectures	Money market - organizational form and participants
II week exercises
III week lectures	Instruments and technology of money market operations
III week exercises
IV week lectures	Interbank money market
IV week exercises
V week lectures	Business conception of capital marketa - owners and users of capital
V week exercises
VI week lectures	Primary and secondary capital markets
VI week exercises
VII week lectures	Securities in capital market
VII week exercises
VIII week lectures	Payment operations and regulation
VIII week exercises
IX week lectures	Fundamentals of foreign exchange market - classification
IX week exercises
X week lectures	Exchange rate determination - theories and policy models
X week exercises
XI week lectures	Projection of exchange rate policy
XI week exercises
XII week lectures	Financial derivatives market - hedging transactions
XII week exercises
XIII week lectures	Forwards and futures market
XIII week exercises
XIV week lectures	Options and swaps market
XIV week exercises
XV week lectures	International financial market
XV week exercises

Student workload	None
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	None
Consultations	Once a week
Literature	Foundation of financial market - B. Vasiljević, Additional papers - S. Lakić, M. Lakićević
Examination methods	Mid-term test, written exam
Special remarks	None
Comment	None

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / DESIGNING ORGANIZATIONS

Course:

DESIGNING ORGANIZATIONS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
7140	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / EU AND ENLARGEMENT POLICY

Course:

EU AND ENLARGEMENT POLICY/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
8649	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	No
Aims	The study of theory and policy of the EU enlargement, with special emphasis on the enlargement policy towards the Western Balkans region and Montenegro. The study of political, legal and economic aspects of the European integration process.
Learning outcomes	• Knows and understands EU development through the waves of enlargement, EU Treaties analysis, key EU institutions, decision making process derived from the common EU policies • Has a knowledge and understanding of European integration process of Montenegro and the region • Understand the process and reasons for joining the EU and has a critical observation of changes in that process • •Understand relation between the investment and expected benefits of the European integrations in a function of time; • Knows how to use a professional literature in the field of European integration, knows how to approach to databases on the EU institutions; correctly interprets the findings of published research;
Lecturer / Teaching assistant	professor Gordana Djurovic, PhD.
Methodology	Classical lectures, seminars, consultations, disucssion during the classes in the framework of seminar presentation; A final oral exam is planned.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction in the course: the European Union today
I week exercises
II week lectures	Idea of European integratons; Theories of European integrations;
II week exercises
III week lectures	Occurence of the EU and enlargement policy; Enlargements waves to EU15;
III week exercises
IV week lectures	Development of the EU joint policies;
IV week exercises
V week lectures	Big EU enlargement 2004 and 2007; Dimensions of European integrations;
V week exercises
VI week lectures	EU as supranational organisation sui generis
VI week exercises
VII week lectures	EU after the Lisbon Treaty: political and legal aspect; Institutional arhitecture of the EU;
VII week exercises
VIII week lectures	EU after the Lisbon Treaty: economic aspect
VIII week exercises
IX week lectures	Enlargement policy and Western Balkans: comparative study
IX week exercises
X week lectures	Accession negotiation of Croatia and lessons learnd from previous enlargements;
X week exercises
XI week lectures	Chronology of the European integration process of Montenegro
XI week exercises
XII week lectures	Legal harmonisation and administrative capacities
XII week exercises
XIII week lectures	EU pre-accession assistance;
XIII week exercises
XIV week lectures	Accession negotiations of Montenegro with the EU;
XIV week exercises
XV week lectures	Cost-benefit of integrations; Future of the EU;
XV week exercises

Student workload	Per week: working hours: 7 credits x 40/30 = 9,33 hours; Working hours structure: 2 hours for teaching, 7,33 hours for individual work, including consultations; Per semester: total working hours for the course: 7 ECTSx30 =210 hours; Working hours structure:Teaching and the final exam: 9,33x16 weeks = 149,33 hours; Necessary preparation (administration before semester): 9,33x2= 8,66 hours. Additional hours for preparing correction of the final exam, including the exam taking: up to 42 hours
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Lessons attendance is mandatory for students, as well as participating in debates; seminar optional, based on student's interest;
Consultations	Prof dr Gordana Đurović - Monday 16.30-18.30 h, Cabinet 207 / II floor; E-mail - gordana@t-com.me ;
Literature	1. Đurović Gordana, Evropska unija i Crna Gora: politika proširenja, Ekonomski fakultet, Podgorica, 2012; 2. Đurović Gordana, Pristupni pregovori sa EU, inovacija udžbenika - dodatak, 2015; 3. Đurović Gordana, Pretpristupna podrška EU - IPA II, inovacij
Examination methods	Final oral exam is evaluated. A student may take a seminar/essay during the semester, which can be evaluated separately. Student gets the passing grade by collecting 50 points at least.
Special remarks	No
Comment	Additional info about the course on E-mail of teacher: gordana@t-com.me

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / EUROPEAN ECONOMIC POLICY

Course:

EUROPEAN ECONOMIC POLICY/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
8651	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	None
Aims	Understand the economic logic of European integration
Learning outcomes	1. Recognize the importance of the European integration process, the effects on all stakeholders, such as governments, companies, institutions and individuals. 2. Explain the importance and role of the different European policies. 3. Analyze and discuss the functioning of EU institutions. 4. Examine the historical aspects of the enlargement process and the experience of Central Eastern European countries. 5. Identify new practice of conditionality related to the expansion picks. 6. Develop the ability to research, writing and analysis of the case, which will create experts who can handle and manage the European integration process in Montenegro and the EU later.
Lecturer / Teaching assistant	Srdjan Redzepagic, PhD, Danijela Jacimovic, PhD
Methodology	Lectures, guest lecturer, research work

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Economic integration: Historical and economic perspective
I week exercises
II week lectures	History, policy and economy of the European Union
II week exercises
III week lectures	Agricultural policy and competition policy
III week exercises
IV week lectures	European funds and structural policy
IV week exercises
V week lectures	European Monetary Union
V week exercises
VI week lectures	EU institutions
VI week exercises
VII week lectures	European Commission and European Parliament
VII week exercises
VIII week lectures	Midterm exam
VIII week exercises
IX week lectures	European courts
IX week exercises
X week lectures	European financial institutions
X week exercises
XI week lectures	Development of the EU through the extension
XI week exercises
XII week lectures	Characteristics of the fifth extension
XII week exercises
XIII week lectures	Western Balkans and EU extension
XIII week exercises
XIV week lectures	Montenegro - European Integration process
XIV week exercises
XV week lectures	Test
XV week exercises

Student workload	Per week: 7 credits x 40/30 = 9.33 hours. Structure: 4 hours for lectures. 5.33 hours for independent work, including consultations. Per semester: Total hours for the course: 7x30 = 210 hours. Structure: Teaching and final exam: 9.33x16 weeks = 149.28 hours. Necessary preparation before the start of the semester (administration, registration, verification): 9.33 x 2= 19 hours. Additional work to prepare the Exam: 60 hours.
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Essay
Consultations
Literature	1. European Union by Prokopijevic, M, JP Sluzbeni glasnik, Belgrade, 2009. 2. EU institutions after the Lisbon Treaty by Jacimovic D, Uprava za kadrove, Podgorica, 2011. 3. Montenegro and European Integration process by Djurović G, Faculty of Economy, 201
Examination methods	Essay and Test
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / MACROECONOMIC ANALYSIS

Course:

MACROECONOMIC ANALYSIS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
9270	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites	None
Aims	To introduce main macroeconomic issues to students, to learn how to measure macroeconomic activities, to understand interdependence among various macro variables using mathematics and econometric models
Learning outcomes	After the examination, the student will be able to: 1. Describe and analyze the nature and characteristics of the transactions that are carried out in all markets (market goods, production, financial markets). 2. Estimate and Analyze the value of economic transactions and aggregates, using the international statistical standards and methods. 3. Analyze economic interdependence and influence the value of a particular set of variables to define a set of variables. In addition, students will be able to analyze the effects of the instruments of macroeconomic policies to individual groups of transactions and overall economic developments. 4. Determine - precisely quantify the impact of changes in the value of defined exogenous variables on the dependent variable (the group of economic transactions). 5. Distinguishes static and dynamic changes of economic transactions in a variety of institutional and economic conditions. 6. Explain the effects of the economic measures and the effects of changes in the international markets on domestic variables.
Lecturer / Teaching assistant	prof.dr Maja Bacovic
Methodology	Lectures, tests, research paper

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction, Basic macro issues, short run and long run perspective in macroeconomics
I week exercises
II week lectures	Economy in short run, goods and financial markets, IS-LM model
II week exercises
III week lectures	Economy in middle run, Labor market, Unemployment
III week exercises
IV week lectures	AS-AD model
IV week exercises
V week lectures	Philips curve and natural unemployment rate
V week exercises
VI week lectures	Inflation, business activities and nominal money growth
VI week exercises
VII week lectures	Research work
VII week exercises
VIII week lectures	Economy in long run, theories of growth, savings, capital accumulation and GDP
VIII week exercises
IX week lectures	Growth models
IX week exercises
X week lectures	Business cycles
X week exercises
XI week lectures	Open economy analysis, goods and financial markets, exchange rates
XI week exercises
XII week lectures	Monetary policy: inflation, money supply, interest rates
XII week exercises
XIII week lectures	Fiscal policy and public debt
XIII week exercises
XIV week lectures	Prepartion, research
XIV week exercises
XV week lectures	Test
XV week exercises

Student workload	7 ECTS, 210 hours per semester, 9.33 hours per week
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations	Lectures, research, tests
Consultations	www.ekonomija.ac.me
Literature	Olivier Blanchard: Makroekonomija, Mate, Zagreb, 2005 Burda M., Wyplosz, C.:“Macroeconomics, European text”, Oxford, 2005 Romer D.: “Advanced macroeconomics”, McGraw-Hill Higher Education, 2001
Examination methods	Research paper, tests
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points

Faculty of Economics / ECONOMICS / APPLIED ECONOMETRICS

Course:

APPLIED ECONOMETRICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
9272	Obavezan	1	7	2++0

Programs	ECONOMICS
Prerequisites
Aims
Learning outcomes
Lecturer / Teaching assistant
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures
I week exercises
II week lectures
II week exercises
III week lectures
III week exercises
IV week lectures
IV week exercises
V week lectures
V week exercises
VI week lectures
VI week exercises
VII week lectures
VII week exercises
VIII week lectures
VIII week exercises
IX week lectures
IX week exercises
X week lectures
X week exercises
XI week lectures
XI week exercises
XII week lectures
XII week exercises
XIII week lectures
XIII week exercises
XIV week lectures
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
7 credits x 40/30=9 hours and 20 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 0 excercises 7 hour(s) i 20 minuts of independent work, including consultations	Classes and final exam: 9 hour(s) i 20 minuts x 16 =149 hour(s) i 20 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 9 hour(s) i 20 minuts x 2 =18 hour(s) i 40 minuts Total workload for the subject: 7 x 30=210 hour(s) Additional work for exam preparation in the preparing exam period, including taking the remedial exam from 0 to 30 hours (remaining time from the first two items to the total load for the item) 42 hour(s) i 0 minuts Workload structure: 149 hour(s) i 20 minuts (cources), 18 hour(s) i 40 minuts (preparation), 42 hour(s) i 0 minuts (additional work)
Student obligations
Consultations
Literature
Examination methods
Special remarks
Comment

Grade:	F	E	D	C	B	A
Number of points	less than 50 points	greater than or equal to 50 points and less than 60 points	greater than or equal to 60 points and less than 70 points	greater than or equal to 70 points and less than 80 points	greater than or equal to 80 points and less than 90 points	greater than or equal to 90 points