Faculty of Economics / MANAGEMENT / BUSINESS

Course:

BUSINESS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
8	Obavezan	2	6	2+2+0

Programs	MANAGEMENT
Prerequisites	There are no prerequisites
Aims	The course aims to provide students understand the business as a way of thinking and behavior. The main objective of this course is to enable students to understand the importance and role of business and entrepreneurship in todays business environment, as well as mastering the basic skills and key skills to start and successfully run their own business. The intention is to enable students to self-assessment of business opportunities, their market valorisation, assessment of their own entrepreneurship (business) skills, as well as the modeling of the business plan, which will create the preconditions for a successful entrepreneurial management, not only within small entrepreneurial ventures, but also the conditions concrete economic realities of large organizations.
Learning outcomes	After passing this exam, students will be able to:  Describe the basic categories of business and entrepreneurship ventures;  Explain the business through the ability of spotting opportunities and identify key tasks of business owners (entrepreneurs);  Talk about the nature of business opportunities, sources of business ideas, methods for spotting opportunities and of making business decisions;  Explain the innovation as business determinant, describe the process of the innovation and point out types of innovation;  Analyze resources as a business determinant and describe the business (entrepreneurial) infrastructure;  Develop a business plan model (the form and content of a concrete idea or company);  Classifiy general and specific models of financing a business as well as possible variants in the creation of business through the international and national practices;
Lecturer / Teaching assistant	Boban Melović, PhD
Methodology	Explication of theoretical postulates, case studies (foreign and domestic), essays, debates, practical workshops (business plan, etc..), discussions in class, etc..

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction to business - the basic categories and conceptual definition of business and entrepreneurial ventures; Historical development of entrepreneurship (business) - classical and contemporary theories;
I week exercises	Introduction to business - the basic categories and conceptual definition of business and entrepreneurial ventures; Historical development of entrepreneurship (business) - classical and contemporary theories;
II week lectures	Nature of business (entrepreneurship); The ability to identify business opportunities; Operations (tasks) of business owners; Business management; Entrepreneurial management and business stakeholders;
II week exercises	Nature of business (entrepreneurship); The ability to identify business opportunities; Operations (tasks) of business owners; Business management; Entrepreneurial management and business stakeholders;
III week lectures	Classification (types) of business owners (entrepreneurs); Entrepreneurship vs small business; Properties and characteristics of business owners (entrepreneurs); The objectives of the business; Business (entrepreneurial) skills; The influence of cultural factors on business; Business network; Conflicts in business;
III week exercises	Classification (types) of business owners (entrepreneurs); Entrepreneurship vs small business; Properties and characteristics of business owners (entrepreneurs); The objectives of the business; Business (entrepreneurial) skills; The influence of cultural factors on business; Business network; Conflicts in business;
IV week lectures	Business (entrepreneurial) process; Business ideas vs business opportunity; Factors entrepreneurial (business) processes;
IV week exercises	Business (entrepreneurial) process; Business ideas vs business opportunity; Factors entrepreneurial (business) processes;
V week lectures	Traditional career vs business (entrepreneurial) career; The process of initiating a business
V week exercises	Traditional career vs business (entrepreneurial) career; The process of initiating a business
VI week lectures	Business opportunity – nature of business opportunities; Innovation as a determinant of business; Sources of business ideas; Methods and techniques for detecting and analyzing business opportunities; Entrepreneurial (business) risk; Business decisions; The process of innovation; Types of innovation in business;
VI week exercises	Business opportunity – nature of business opportunities; Innovation as a determinant of business; Sources of business ideas; Methods and techniques for detecting and analyzing business opportunities; Entrepreneurial (business) risk; Business decisions; The process of innovation; Types of innovation in business;
VII week lectures	Midterm exam
VII week exercises	Midterm exam
VIII week lectures	Resources as a determinant of business; Business (Entrepreneurship) infrastructure;
VIII week exercises	Resources as a determinant of business; Business (Entrepreneurship) infrastructure;
IX week lectures	Organization of business activities; Changes as a determinant of business; Control of resources in business; Contemporary forms of business organization; The life cycle of a business; Business and market - the relationship and hierarchy;
IX week exercises	Organization of business activities; Changes as a determinant of business; Control of resources in business; Contemporary forms of business organization; The life cycle of a business; Business and market - the relationship and hierarchy;
X week lectures	Business crisis - causes, consequences and possible solutions (solutions); Types of business crises;
X week exercises	Business crisis - causes, consequences and possible solutions (solutions); Types of business crises;
XI week lectures	Success factors for new business; Measuring success in business; Communicating in business; Motivation (reward system) in business; Business and Social Responsibility - business results and business ethics. Control of business activities;
XI week exercises	Success factors for new business; Measuring success in business; Communicating in business; Motivation (reward system) in business; Business and Social Responsibility - business results and business ethics. Control of business activities;
XII week lectures	A business plan; Creating a business plan - the form and content of the business plan; Enable students to independently develop business plans, preparing for competitions etc.
XII week exercises	A business plan; Creating a business plan - the form and content of the business plan; Enable students to independently develop business plans, preparing for competitions etc.
XIII week lectures	Initiating a new business; The choice of form of business ownership; Legal aspects of business management; Positioning of business on the market;
XIII week exercises	Initiating a new business; The choice of form of business ownership; Legal aspects of business management; Positioning of business on the market;
XIV week lectures	Financing business; Models of financing business (business enterprise); Support business development and entrepreneurship - international and national practices; Specific models of business development - Scientific and technological parks, business incubators and clusters; Social entrepreneurship and business; Womens entrepreneurship and business; Electronic business;
XIV week exercises	Financing business; Models of financing business (business enterprise); Support business development and entrepreneurship - international and national practices; Specific models of business development - Scientific and technological parks, business incubators and clusters; Social entrepreneurship and business; Womens entrepreneurship and business; Electronic business;
XV week lectures	Possible variations in the design of business; Buying an existing business; Starting a new business; Franchising as a model for developing business; Mergers and acquisitions as a model of growth management business; Going out of business - leaving businesses; Businesses and new economic paradigm - business, globalization and modern trends; Test;
XV week exercises	Possible variations in the design of business; Buying an existing business; Starting a new business; Franchising as a model for developing business; Mergers and acquisitions as a model of growth management business; Going out of business - leaving businesses; Businesses and new economic paradigm - business, globalization and modern trends; Test;

Student workload	5 credits x 40/30 = 6,66 hours Structure: 2 hours of lectures 2 hours of exercise 2.6 hours of independent work, including consultations
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes regularly and take the planned tests, essays, seminars and practical works.
Consultations	After hours of lectures and during official terms for consultations published on the website of the Faculty.
Literature	Boban Melović PhD, Business and Entrepreneurship, Faculty of Economics, Podgorica, 2015, chrestomathy - selection of leading textbooks of business and entrepreneurship; Further reading: Dragan Lajović PhD and associates, Introduction to Business, Faculty of Economics, Podgorica, 2012, chrestomathy Blagoje Paunovic, Entrepreneurship and Small Business Management, Faculty of Economics, Belgrade, 2012 Entrepreneurship training programs - London Business School Programs GEM - Global Entrepreneurship Monitor
Examination methods	Assessment structures formed on the basis of the following elements: Two colloquiums with 25 points. Essay / Activity - 10 points; Business Plan - 10 points. The final exam - 30 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 / MANAGEMENT / ACCOUNTING

Course:

ACCOUNTING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11	Obavezan	3	5	2+3+0

Programs	MANAGEMENT
Prerequisites
Aims	Understand fundamental accounting concepts as well as to be able to read and extract meaningful information from financial statements
Learning outcomes
Lecturer / Teaching assistant	Tanja Lakovic, PhD
Methodology	Lectures, exercises, class activities.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Role of Accounting in Society: explain importance of Accounting; identify users of Accounting, describe typical accounting activities and the role accountants play in identifying, recording, and reporting financial Activities
I week exercises	Identifying the Four Financial Statements, their purpose and their elements
II week lectures	Describe principles, assumptions, and concepts of accounting and their relationship to financial statements; Bookkeeping
II week exercises	Define and describe accounting equation
III week lectures	Define and describe the initial steps in the accounting cycle
III week exercises	Define and describe the expanded accounting equation and Its relationship to analyzing transactions, posting to the general ledger and to the T-account,
IV week lectures	Statement of Financial Position: Equity Statement of Financial Position -Current and Non-current Liabilites
IV week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
V week lectures	Statement of Financial Position: acquisition and disposition of property, plan and equipment and intangible assets
V week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
VI week lectures	depreciation - method of cost allocation , disposition of property, plant and equipment and intangible assets
VI week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
VII week lectures	Statement of Financial Position: Inventory issues: classification, costs included in inventory, cost flow assumption
VII week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
VIII week lectures	Statement of Financial Position: Inventory issues: , cost flow assumption Statement of Financial Position -Current Assets: Cash and receivables,
VIII week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
IX week lectures	Income Statement and Related Information: usefulness, limitations and quality of earnings; elements-cost and expenditures
IX week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
X week lectures	Income Statement and Related Information: usefulness, limitations and quality of earnings; elements- revenue, cost
X week exercises	Identifying and Recording Transactions and other events, journalizing, posting to the T-account
XI week lectures	Describe and prepare closing Entries for a business, prepare a post-closing trial balance
XI week exercises	Examples: closing entries, prepare a post-closing trial balance
XII week lectures	Preparation for the test practical work
XII week exercises	Test 14.12.
XIII week lectures	preparation for final exam
XIII week exercises	preperation for test
XIV week lectures	Preparation for the final exam/ practical work
XIV week exercises	Test 28.12
XV week lectures	Finale exam (The final examination will be given according to the official university schedule).
XV week exercises	Finale exam (The final examination will be given according to the official university schedule).

Student workload	Per week 5 ECTS credits x 40/30 =6 hours and 40 min Structure: 1 hours and 30 min of lectures 2 hours and 15 min of exercises 2 hours and 55min of independent work including consultation Per semester 5 ECTS x 30 = 150 hours Struktura: Lectures and final exams: 6 hours and 40 min*16 weeks=106 hours and 40 min Preparation befor the start of semester (administration, enrolment ): 6 hours and 40 min*2=13 hours and 20min Additional work –preparation for the corrective exam period: 30 hours
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 3 excercises 1 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	Students are strongly encouraged to participate and ask questions during lectures and exercises. Keeping up with the material will be the key to your success in this accounting course. Thus, it is imperative that you read the chapter prior to the day we cover that particular material and keep up with the homework. Homework assignments will be given throughout the semester
Consultations	after a lectures e-mail: tanjavu@ ucg.ac.me
Literature	Textbooks and other reading materials: 1. Weygandt,J.J., Kimmel . D. P., Kieso, E. D, Accounting Principles, Thirteenth Edition,Wiley, 2018 2. Mitchell Franklin, Patty Graybeal, Dixon Cooper, Principles of Accounting, Volume 1: Financial Accounting, OpenStax , Rice University 2019, 3. Kieso, E,D., Weygandt,J.J., and Warfield.D. T „Intermediate Accounting, volumen 1, IFRS Edition 2008
Examination methods	II colloquium: practical part (15 points) and assignments (35 points) Final test: theory - 30 points (oral / written)(The exam may consist of multiple choice, short answer, and calculation questions.) The exam may consist of multiple choice, short answer, and calculation questions. The exams may either be administered in a classroom or through an on line platform,
Special remarks	During the exams, cell phones and laptops must be turned off (if the exam is administered in a classroom). All that you will need to complete the exams is a pencil, a basic calculator, and notes provided/allowed by the instructor. • If sick and unable to take an exam, the student will contact the instructor before the examination is given, if physically possible to do so
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 / MANAGEMENT / BUSINESS STATISTICS

Course:

BUSINESS STATISTICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
34	Obavezan	2	6	2+3+0

Programs	MANAGEMENT
Prerequisites	none
Aims
Learning outcomes	Business statistics - learning outcomes Upon completion of this course the student will be able to: 1. Demonstrate knowledge of basic statistical concepts, and to interpret the different concepts and techniques applied in statistics. 2. Arrange, group and display data using tables and graphs. 3. Calculate and interpret basic numerical descriptive measures. 4. Examine the basic concepts of probability and rules for calculating probabilities. 5. Classify random variables and their different types. 6. Summarize knowledge about the significance and application of the normal probability distribution. 7. Assess the importance of the basics of inferential statistics and sampling distribution. 8. Demonstrate how to estimate the arithmetic mean of a population and the proportion of a population. 9. Apply knowledge of the hypothesis testing process. 10. Illustrate the basics of regression and correlation analysis.
Lecturer / Teaching assistant	Doc. dr Julija Cerović Smolović mr Bojan Pejović
Methodology

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction to statistics. Types of statistics. Population versus sample. Basic terms. Types of variables. Cross-sections versus time-series data. Sources of data, Summation notation.
I week exercises	Introduction to statistics. Types of statistics. Population versus sample. Basic terms. Types of variables. Cross-sections versus time-series data. Sources of data, Summation notation.
II week lectures	Organizing and graphing data. Qualitative and quantitative data. Histogram. Cumulative frequency distribution. Stem-and-leaf displays. Dotplots.
II week exercises	Organizing and graphing data. Qualitative and quantitative data. Histogram. Cumulative frequency distribution. Stem-and-leaf displays. Dotplots.
III week lectures	Numerical descriptive measures. Measures of central tendency for ungrouped data.
III week exercises	Numerical descriptive measures. Measures of central tendency for ungrouped data.
IV week lectures	Measures of dispersion for ungrouped data. Mean, variance and standard deviation for grouped data. Use of standard deviation.
IV week exercises	Measures of dispersion for ungrouped data. Mean, variance and standard deviation for grouped data. Use of standard deviation.
V week lectures	Probability. Experiment, outcome and sample space. Calculating probability. Marginal and conditional probabilities. Mutually exclusive events. Independent and dependent events. Complementary events. Intersection of events and the multiplication rule. Union of events and the addition rule.
V week exercises	Probability. Experiment, outcome and sample space. Calculating probability. Marginal and conditional probabilities. Mutually exclusive events. Independent and dependent events. Complementary events. Intersection of events and the multiplication rule. Union of events and the addition rule.
VI week lectures	Discrete random variables and their probability distributions. Mean and standard deviation of a discrete random variable. Binomial, hypergeometric and Poisson probability distribution.
VI week exercises	Discrete random variables and their probability distributions. Mean and standard deviation of a discrete random variable. Binomial, hypergeometric and Poisson probability distribution.
VII week lectures	Continuous random variables and the normal distribution. Standardized normal distribution. Standardizing a normal distribution. Applications of the normal distribution.
VII week exercises	Continuous random variables and the normal distribution. Standardized normal distribution. Standardizing a normal distribution. Applications of the normal distribution.
VIII week lectures	Population distribution and sampling distribution. Sampling errors and nonsampling (systematic) errors. Mean and standard deviation of the sampling distribution of sample mean. Shape and application of the sampling distribution of the sample mean. Population and sample proportion.
VIII week exercises	Population distribution and sampling distribution. Sampling errors and nonsampling (systematic) errors. Mean and standard deviation of the sampling distribution of sample mean. Shape and application of the sampling distribution of the sample mean. Population and sample proportion.
IX week lectures	Population and sample proportion. Mean and standard deviation of the sampling distribution of the sample proportion. Shape and application of the sampling distribution of the sample proportion. Estimation of a population mean. Point and interval estimates.
IX week exercises	Population and sample proportion. Mean and standard deviation of the sampling distribution of the sample proportion. Shape and application of the sampling distribution of the sample proportion. Estimation of a population mean. Point and interval estimates.
X week lectures	Estimation of a population proportion: large samples. Hypothesis tests about the population mean.
X week exercises	Estimation of a population proportion: large samples. Hypothesis tests about the population mean.
XI week lectures	Hypothesis tests about the population proportion: large samples. Simple linear regression model and analysis. Standard deviation of errors. Coefficient of determination. Statistical inference about the slope parameter.
XI week exercises	Hypothesis tests about the population proportion: large samples. Simple linear regression model and analysis. Standard deviation of errors. Coefficient of determination. Statistical inference about the slope parameter.
XII week lectures	Preparation for colloquium.
XII week exercises	Preparation for colloquium.
XIII week lectures	Colloquium.
XIII week exercises	Colloquium.
XIV week lectures	Linear correlation. Using and problems in using the regression model. Time series and index numbers. Time series components. Base and chain indices. Individual and group indices. Index weighting.
XIV week exercises	Linear correlation. Using and problems in using the regression model. Time series and index numbers. Time series components. Base and chain indices. Individual and group indices. Index weighting.
XV week lectures	Corrective colloquium.
XV week exercises	Corrective colloquium.

Student workload	-
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 3 excercises 3 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes and do a colloquium.
Consultations	Look on the notice board and on the faculty website.
Literature	Prem Mann Introductory Statistics, 6th edition, John Wiley & Sons, Inc.
Examination methods	Activity – 10 points Colloquium- 50 points Final exam- 40 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 / MANAGEMENT / FISCAL POLICY

Course:

FISCAL POLICY/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
54	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / INTERNATIONAL MARKETING

Course:

INTERNATIONAL MARKETING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
68	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / MARKETING RESEARCH

Course:

MARKETING RESEARCH/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
71	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
Prerequisites	None
Aims	For students to master knowledge about the process of marketing research in modern business conditions, to acquire skills about the modalities of marketing research and to recognize its role in the decision-making process
Learning outcomes	After completing this course, the student will: • demonstrate knowledge and understanding of the essence of modern marketing research; • be able to apply the acquired knowledge about the marketing research process; • develops the ability to adequately communicate and assess when marketing research can and should be used; • acquire the competence to perform a clear and comprehensible interpretation of the appropriate research problem; • be able to prepare a draft of the conducted marketing research; • gain an understanding of various aspects of data collection and their application in practice; • expand understanding of the application of basic techniques in marketing research.
Lecturer / Teaching assistant	Milena Lipovina-Bozovic, PhD, Assistant Professor; Milan Raičević, MSc, Teaching Assistant
Methodology	Lectures, exercises, case studies, essays, practical work, debates, discussions, consultations.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Basic settings and principles of marketing
I week exercises	Basic settings and principles of marketing
II week lectures	Contemporary changes in marketing: the role and importance of marketing research
II week exercises	Contemporary changes in marketing: the role and importance of marketing research
III week lectures	Marketing research in theory and practice
III week exercises	Marketing research in theory and practice
IV week lectures	Marketing research process
IV week exercises	Marketing research process
V week lectures	Research design and implementation
V week exercises	Research design and implementation
VI week lectures	Secondary and exploratory research: sources of marketing data
VI week exercises	Secondary and exploratory research: sources of marketing data
VII week lectures	Secondary and exploratory research: collecting data
VII week exercises	Secondary and exploratory research: collecting data
VIII week lectures	Qualitative and observational methods
VIII week exercises	Qualitative and observational methods
IX week lectures	Descriptive research: problems in data collection; survey method
IX week exercises	Descriptive research: problems in data collection; survey method
X week lectures	Descriptive research: measuring attitudes and designing questionnaires
X week exercises	Descriptive research: measuring attitudes and designing questionnaires
XI week lectures	Causal research; conducting an experiment
XI week exercises	Causal research; conducting an experiment
XII week lectures	Sampling: main principles
XII week exercises	Mid-term exam
XIII week lectures	Data analysis in marketing research context: main concepts
XIII week exercises	Data analysis in marketing research context: hypothesis testing
XIV week lectures	Mid-term exam resit
XIV week exercises	Case study analysis
XV week lectures	Modern applications of marketing research
XV week exercises	Presentations of student research papers

Student workload	Weekly: 6 credits x 40/30 = 8 hours Structure: 1 hour 30 minutes for lectures 1 hour 30 minutes for exercises 5 hours of individual work, including consultations. In the entire semester: Total load 6 x 30 = 180 hours Structure: Classes and final exam: 8 hours x 16 weeks= 128 hours Pre-semester preparations: 8 hours x 2 = 16 hours Additional time for final exam preparation: 36 hours
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are obliged to attend courses and do all assignments.
Consultations	In scheduled time.
Literature	Aaker, D. et al., Marketing Reseach, 13th Edition, Wiley, 2018
Examination methods	- Mid-term exam - 25 points - Research paper – 20 points - Activities during the semester - 5 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 / MANAGEMENT / SERVICE MARKETING

Course:

SERVICE MARKETING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
74	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / MANAGERIAL ACCAUNTING

Course:

MANAGERIAL ACCAUNTING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
88	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / BUSINESS INFORMATICS

Course:

BUSINESS INFORMATICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2108	Obavezan	1	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / ECONOMICS OF FIRM

Course:

ECONOMICS OF FIRM/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2136	Obavezan	1	6	2+2+0

Programs	MANAGEMENT
Prerequisites	Course is not conditioned by other courses.
Aims	Study the economics of the firm and understand the basic principles of the firms performances.
Learning outcomes	After attending the course and studying course material student will be able to: • recognize the subject of study of the economics of the firm course; • describe relation between economics of the firm and other scientific disciplines; • recognize factors of firm economics; • interpret the influence of the firm economics factors on decision-making; • differentiate elements of direct influence of environment to the firm economics; • differentiate elements of indirect influence of environment to the firm economics; • describe and recognize various types of firms; • describe basic elements of the firm and their mutual conditionality; • describe reproduction process; • differentiate types of reproduction; • interpret the problem of production factors combination; • calculate the depreciation of fixed assets by depreciation method based on time and based on use (activity); • describe the characteristics of production factors; • recognize relation between physical and economic lifetime of assets; • describe the systematization of costs from different point of views; • graffically illustrate and interpret different types of costs in total and average amounts; • describe the relation between marginal and variable costs; • describe the relation between marginal and average total cost; • interpret zones of total cost; • interpret zones of operating results; • describe and calculate significant break-even points in firm performances.
Lecturer / Teaching assistant	Jasmina Ćetković, PhD / Milan Raičević, MSc
Methodology	Lectures, exercises, consultations, essays, seminar papers, etc.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Conceptual definition of the firm. Economics of the firm in the system of economic sciences. The relationship between economics of the firm and other scientific disciplines.
I week exercises	Conceptual definition of the firm. Economics of the firm in the system of economic sciences. The relationship between economics of the firm and other scientific disciplines.
II week lectures	The emergence and historical development of firm economics. Factors of firm economics.
II week exercises	The emergence and historical development of firm economics. Factors of firm economics.
III week lectures	Economic functions of the companies. Type of companies (businesses).
III week exercises	Economic functions of the companies. Type of companies (businesses).
IV week lectures	Reproduction as the object of studying of the firm economics. Reproductive processes (normal and disordered).
IV week exercises	Reproduction as the object of studying of the firm economics. Reproductive processes (normal and disordered).
V week lectures	Concept and types of firm production factors. Cost drivers in terms of production factors. A combination of production factors. Equal product curve. Equal cost curve.
V week exercises	Concept and types of firm production factors. Cost drivers in terms of production factors. A combination of production factors. Equal product curve. Equal cost curve.
VI week lectures	A combination of production factors – part II. Consumption of material. Labor costs.
VI week exercises	A combination of production factors – part II. Consumption of material. Labor costs.
VII week lectures	Cost of fixed assets. Depreciation of fixed assets.
VII week exercises	Cost of fixed assets. Depreciation of fixed assets.
VIII week lectures	Costs as a form of investments in reproduction process.
VIII week exercises	Costs as a form of investments in reproduction process.
IX week lectures	Systematization of costs. Dynamics of costs – introduction.
IX week exercises	Systematization of costs. Dynamics of costs – introduction.
X week lectures	Dynamics of costs – part II. Fixed costs. Relatively fixed costs. Proportional costs.
X week exercises	Dynamics of costs – part II. Fixed costs. Relatively fixed costs. Proportional costs.
XI week lectures	Dynamics of costs – part III. Dynamics of variable costs. Marginal costs. Relation between marginal and average total cost.
XI week exercises	Dynamics of costs – part III. Dynamics of variable costs. Marginal costs. Relation between marginal and average total cost.
XII week lectures	Test
XII week exercises	Test
XIII week lectures	Zones in dynamics of costs. Zones of business results.
XIII week exercises	Zones in dynamics of costs. Zones of business results.
XIV week lectures	Corrective test
XIV week exercises	Corrective test.
XV week lectures	Profit optimization. Significant break-even points in firm performances.
XV week exercises	Profit optimization. Significant break-even points in firm performances.

Student workload	Weekly - 8 hours Structure: 1 hour and 30 minutes for lectures, 1 hour and 30 minutes for exercise classes, 5 hours of student independent work, including consultations. Per semester - 180 hours Structure: Teaching and final exam: 8 hours x 16 weeks = 128 hours, Necessary preparations before the beginning of the semester (administration, enrollment, certification): 8 hours x 2 = 16 hours, Additional work for preparation and taking the exam in the correctional period: 36 hours.
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are obliged to attend lectures and to do exam.
Consultations	For additional information you can contact teachers by e-mail – Jasmina Ćetković jasmina@ucg.ac.me (room 307), Milan Raičević – milan.rai@ucg.ac.me (room 410), in person, before or after lectures, as well as at regular consultation time.
Literature	• dr Klara Jakovčević, dr Ljubica Komazec, dr Slavica Tomić „Ekonomika preduzeća“, Faculty of Economics Subotica, 2009 • Blagoje Paunović „Ekonomika preduzeća – preduzeće, okruženje i ulaganja“ Faculty of Economics, University of Belgrade, 2015 • http://web.ebscohost.com (access from the Library of Faculty of Economics Podgorica)
Examination methods	Test – 50 points, Active participation in classes – 10 points, Final exam – 40 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 / MANAGEMENT / PRINCIPLES OF ECONOMICS

Course:

PRINCIPLES OF ECONOMICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2146	Obavezan	1	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / BUSINESS MATHEMATICS

Course:

BUSINESS MATHEMATICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2147	Obavezan	1	6	2+3+0

Programs	MANAGEMENT
Prerequisites	No conditionality.
Aims	The subject aims to enable students to understand the basic definitions, theorems, principles and methods of financial mathematics, which are widely used in economics, e.g. in financial management, securities, banking business, insurance,...
Learning outcomes	Upon completion of this course students will be able to: 1. Define economic functions, calculates the equilibrium price and determines the profitability interval. 2. Define simple and complex proportion, division of a given quantity, weighted arithmetic mean and apply the percentage calculus when solving economic mathematics problems. 3. Describe the anticipatory and decursive method of interest calculation, nominal, relative and conformal interest rate and apply these terms in determining the prices of money market instruments. 4. Determine the annuity and make a plan for repayment of consumer and investment loans. 5. Apply the principle of equivalence and methods of discounting and prolongation when testing profitability investment, in valuing long-term bonds and stocks. 6. Calculate the discount factor in the insurance-technical sense, defines biometric functions and applies financial mathematics and probability in solving simpler tasks in actuarial mathematics. 7. Describe the types of life insurance and calculate the net and gross premium for each of them.
Lecturer / Teaching assistant	prof. dr Vladimir Kašćelan, TA mr Tanja Mirotić
Methodology	A classical lecture and exercises. Discussion and clarification during lectures. Short oral test of understanding and knowledge of the subject matter of the lectures, with the active participation of students in solving problems. It is planned two tests and final exam.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Repetition of basic mathematics concepts- set, function, numbers, arithmetic and geometric sequence. Elementary functions.
I week exercises	Repetition of basic mathematics concepts- set, function, numbers, arithmetic and geometric sequence. Elementary functions.
II week lectures	Economic functions
II week exercises	Economic functions
III week lectures	Classical calculations in economic mathematics: division, proportions, mixtures, percentage calculation.
III week exercises	Classical calculations in economic mathematics: division, proportions, mixtures, percentage calculation.
IV week lectures	Applications of percentages in taxation and other economic calculations. Depreciation of fixed assets.
IV week exercises	Applications of percentages in taxation and other economic calculations. Depreciation of fixed assets.
V week lectures	The concept of the time value of money – the equivalence principle. Interest calculation (decursive and anticipative method). Equivalent interest rates. Simple and compound interest. Discounting (present value) method and method of prolongation.
V week exercises	The concept of the time value of money – the equivalence principle. Interest calculation (decursive and anticipative method). Equivalent interest rates. Simple and compound interest. Discounting (present value) method and method of prolongation.
VI week lectures	Nominal, relative and effective interest rate. Discounting short term bonds. Price determination of instruments in the money market. Stocks and bonds. Consumer loans.
VI week exercises	Nominal, relative and effective interest rate. Discounting short term bonds. Price determination of instruments in the money market. Stocks and bonds. Consumer loans.
VII week lectures	Streams of payments – periodic cash inflow and outflow
VII week exercises	Streams of payments – periodic cash inflow and outflow
VIII week lectures	Investment loans. Conversion of the loan. Intercalary interest.
VIII week exercises	Investment loans. Conversion of the loan. Intercalary interest.
IX week lectures	Profitability of investments. Net Present Value (NPV) method. Internal rate of return (IRR). Comparison of two investment projects.
IX week exercises	Profitability of investments. Net Present Value (NPV) method. Internal rate of return (IRR). Comparison of two investment projects.
X week lectures	Basic concepts of probability theory- classical definition, random variables and their expectation. Introduction to actuarial mathematics. Biometric functions. Mortality rate. Expected and probable life duration.
X week exercises	Basic concepts of probability theory- classical definition, random variables and their expectation. Introduction to actuarial mathematics. Biometric functions. Mortality rate. Expected and probable life duration.
XI week lectures	Test no. 1.
XI week exercises	Test no. 1.
XII week lectures	Basic concepts of probability theory- classical definition, random variables and their expectation. Introduction to actuarial mathematics. Biometric functions. Mortality rate. Expected and probable life duration.
XII week exercises	Basic concepts of probability theory- classical definition, random variables and their expectation. Introduction to actuarial mathematics. Biometric functions. Mortality rate. Expected and probable life duration.
XIII week lectures	Life annuities payable annual (single net premium).
XIII week exercises	Life annuities payable annual (single net premium).
XIV week lectures	Life insurance (single net premium)- pure endowment, whole life insurance (annual case), endowment Life insurance on the fixed term.
XIV week exercises	Life insurance (single net premium)- pure endowment, whole life insurance (annual case), endowment Life insurance on the fixed term.
XV week lectures	Case of more than one premium (net premiums). Gross premium calculation.
XV week exercises	Case of more than one premium (net premiums). Gross premium calculation.

Student workload	5
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 3 excercises 3 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes
Consultations	Consultations are held every week, after the lecture.
Literature	B. Laković V. Kašćelan Privredna i finansijska matematika, Ekonomski fakultet- Poslovna škola, II izdanje, Podgorica, 1997. and V. Kašćelan S.Vujošević Zbirka zadataka iz Finansijke i aktuarske matematike, Podgorica 2023
Examination methods	Test no. 1 (written) – 40 points Final exam (written) – 50 points Homeworks and quizzes (written) - 10 points In order to pass the exam it is necesary to have 50% or more. 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 / MANAGEMENT / PRINCIPLES OF MANAGEMENT

Course:

PRINCIPLES OF MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2868	Obavezan	2	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / PRINCIPLES OF MARKETING

Course:

PRINCIPLES OF MARKETING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2869	Obavezan	2	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / BUSINESS LAW

Course:

BUSINESS LAW/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2870	Obavezan	2	6	2+2+0

Programs	MANAGEMENT
Prerequisites	There are no conditions.
Aims	Introducing students to the concept of law, legal system and organization of the state. Training students in the subject matter of law necessary for dealing with management such as Real Law, Obligation Law, Company Law and Securities Law.
Learning outcomes	After the student passes this exam, they will be able to: Describe and explain the social system, legal system and state-legal order; connects and distinguishes legal norms, legal acts, legal institutes and branches of law; describes and explains the basic institutes of obligation and commercial law; describes and explains the basic institutes of real law; explains and compares the basic forms of performing economic activity; distinguishes securities from other written documents and indicates their importance in business relations; independently compiles and distinguishes the basic contracts of the law of obligations.
Lecturer / Teaching assistant	prof. dr Mijat Jocović / mr Nikola Martinović
Methodology	Lectures, consultations, exercises, seminar papers, tests and final exam.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Basic concepts of state and law. Legal order, legal norms, legal acts, branches of law, legal areas). Examples from practice - emphasis on the analysis of individual branches of law, drafting legal acts and analysis of the content and effects of legal norms.
I week exercises	Basic concepts of state and law. Legal order, legal norms, legal acts, branches of law, legal areas). Examples from practice - emphasis on the analysis of individual branches of law, drafting legal acts and analysis of the content and effects of legal norms.
II week lectures	Introduction to civil law (subjects of law, objects of civil law, subjective rights,). Examples from practice - emphasis on registration and individualization of legal entities. Examples from practice - emphasis on the analysis of individual branches of law, drafting legal acts and analysis of the content and effects of legal norms.
II week exercises	Introduction to civil law (subjects of law, objects of civil law, subjective rights,). Examples from practice - emphasis on registration and individualization of legal entities. Examples from practice - emphasis on the analysis of individual branches of law, drafting legal acts and analysis of the content and effects of legal norms.
III week lectures	The concept and types of subjective civil rights. Property. State - concept, types, legal protection. Debate and essay.
III week exercises	The concept and types of subjective civil rights. Property. State - concept, types, legal protection. Debate and essay.
IV week lectures	Fundamentals of real law. State. Property rights. Examples from case law.
IV week exercises	Fundamentals of real law. State. Property rights. Examples from case law.
V week lectures	Fundamentals of real law. Officials and rights of real guarantees (manual pledge, mortgage and fiduciary). Emphasis on case law examples.
V week exercises	Fundamentals of real law. Officials and rights of real guarantees (manual pledge, mortgage and fiduciary). Emphasis on case law examples.
VI week lectures	Fundamentals of the law of obligations. Concept, characteristics, elements of the obligation. Sources of bonds.
VI week exercises	Fundamentals of the law of obligations. Concept, characteristics, elements of the obligation. Sources of bonds.
VII week lectures	Contract law. The concept and significance of the contract. Principles of contract law. General conditions for concluding a contract.
VII week exercises	Contract law. The concept and significance of the contract. Principles of contract law. General conditions for concluding a contract.
VIII week lectures	Contract law. Interpretation, effect of the contract, and termination of the contract. Case law analysis - emphasis on the economic consequences of litigation.
VIII week exercises	Contract law. Interpretation, effect of the contract, and termination of the contract. Case law analysis - emphasis on the economic consequences of litigation.
IX week lectures	Contract law. Individual trade agreements. Case law analysis - emphasis on the economic consequences of litigation.
IX week exercises	Contract law. Individual trade agreements. Case law analysis - emphasis on the economic consequences of litigation.
X week lectures	Fundamentals of securities law. Concept, types, principles. Check and bill of exchange. Colloquium.
X week exercises	Fundamentals of securities law. Concept, types, principles. Check and bill of exchange. Colloquium.
XI week lectures	Fundamentals of company law. The concept and types of companies. Emphasis on practical examples.
XI week exercises	Fundamentals of company law. The concept and types of companies. Emphasis on practical examples.
XII week lectures	Forms of performing economic activity - entrepreneur, partnership, limited partnership, limited liability company, parts of foreign companies. Establishment of companies through examples from practice - simulation of founding a company.
XII week exercises	Forms of performing economic activity - entrepreneur, partnership, limited partnership, limited liability company, parts of foreign companies. Establishment of companies through examples from practice - simulation of founding a company.
XIII week lectures	Joint stock company - concept, characteristics, bodies of the company. Establishment of a joint stock company through practical examples - simulation of the establishment of a company.
XIII week exercises	Joint stock company - concept, characteristics, bodies of the company. Establishment of a joint stock company through practical examples - simulation of the establishment of a company.
XIV week lectures	Corrective colloquium. Individual business law contracts (purchase, forwarding, warehousing). Banking.
XIV week exercises	Corrective colloquium. Individual business law contracts (purchase, forwarding, warehousing). Banking.
XV week lectures	Individual contracts (contracts in tourism, insurance contract). Banking.
XV week exercises	Individual contracts (contracts in tourism, insurance contract). Banking.

Student workload	2P+2V - 4 ECTS
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes, participate in debates and take three tests.
Consultations	prof. dr Mijat Jocović - Friday 9-12 h / mr Nikola Martinović - Friday 11.30-13 h
Literature	Snežana Miladinović, Poslovno pravo, Podgorica, 2012.
Examination methods	Forms of knowledge assessment and grading: Assessing: • Colloquium 45 points. • Class activities (essay, debate, homework) 5 points. • Final exam 50 points. A passing grade is obtained if at least 50 points are accumulated cumulatively.
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 / MANAGEMENT / MANAGERIAL INFORMATION SYSTEMS

Course:

MANAGERIAL INFORMATION SYSTEMS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2872	Obavezan	3	5	2+2+0

Programs	MANAGEMENT
Prerequisites
Aims
Learning outcomes	Understands the role and importance of business information systems; Recognizes stages in the development of information systems; Uses methodology of structured systems analysis for the user requirements specifications in the initial stages of development of information systems; Recognizes the basics of UML Recognizes the theoretical foundations of the various categories of information systems; Resolves numerous tasks by applying advanced Excel that follows the companys operations
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 2 excercises 2 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 / MANAGEMENT / ORGANIZATIONAL BEHAVIOUR

Course:

ORGANIZATIONAL BEHAVIOUR/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2873	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
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 2 excercises 2 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 / MANAGEMENT / BUSINESS DECISION MAKING

Course:

BUSINESS DECISION MAKING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2874	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
Prerequisites	None
Aims	Introduction to methods and techniques for making optimal business decisions.
Learning outcomes
Lecturer / Teaching assistant	Assistant Professor Zdenka Dragašević, lecturer, Dženana Đurković, teaching assistant
Methodology	Lectures and exercises. Conversations and explanations. Examples from practice. Checking knowledge of the material. Two mandatory tests.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Overview of the development of the science of decision-making. The concept and definition of decision-making
I week exercises	Overview of the development of the science of decision-making. The concept and definition of decision-making
II week lectures	Defining the concept and types of decisions
II week exercises	Defining the concept and types of decisions
III week lectures	Decision making factors
III week exercises	Decision making factors
IV week lectures	Stages in the decision-making process
IV week exercises	Stages in the decision-making process
V week lectures	Decision-maker and his preferences
V week exercises	Decision-maker and his preferences
VI week lectures	Decision making model. Decision making tables and trees
VI week exercises	Decision making model. Decision making tables and trees
VII week lectures	Decision-making under conditions of certainty
VII week exercises	Decision-making under conditions of certainty
VIII week lectures	Linear programming - graphical method
VIII week exercises	Linear programming - graphical method
IX week lectures	Analytical methods for determining the optimal solution of linear programming
IX week exercises	Analytical methods for determining the optimal solution of linear programming
X week lectures	Exercise tasks - linear programming
X week exercises	Exercise tasks - linear programming
XI week lectures	The dual problem
XI week exercises	The dual problem
XII week lectures	Decision making in terms of uncertainty. Methods for choosing the optimal business decision
XII week exercises	Decision making in terms of uncertainty. Methods for choosing the optimal business decision
XIII week lectures	Methods for selecting optimal business decisions in terms of risk
XIII week exercises	Methods for selecting optimal business decisions in terms of risk
XIV week lectures	Colloquium
XIV week exercises	Colloquium
XV week lectures	Remedial colloquium
XV week exercises	Remedial colloquium

Student workload	Per week: 6 ECTS credits x 40/30 = 8 hours Structure: 2 hours for lectures 2hour of tutorial 4 hours of homework and consultancy. Per semester: Total workload per course 6 ECTSx30 = 180 hours Structure: Lectures and final exam: 8 x16 weeks= 128 hours Preparation before the start of semester (administration work): 8x2 weeks= 16 hours. Additional work to prepare and take the additional term for exams: 36 hours
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 2 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	Taking lectures and exercises, making term papers, doing the homework.
Consultations	Available information at website and notice board.
Literature	1. Pavličić D., »Teorija odlučivanja«, Ekonomski fakultet, Beograd 2. Sikavica P., »Poslovno odlučivanje«, Informator, Zagreb 3. Rakočević, S., »Operaciona istraživanja«, Ekonomski fakultet, Podgorica
Examination methods	Colloquium - 40 points Activity - 10 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 / MANAGEMENT / BUSINESS FINANCES

Course:

BUSINESS FINANCES/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2875	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
Prerequisites	None
Aims	Synthesis of Accounting and Financial knowledge in management of business finance.
Learning outcomes	After passing this exam student will be able to: 1. Recognize and define the role and performance of the financial function in a firm. 2. Describe the relationship between the financial and other functions in the company, as well as the importance of financial policy. 3. Evaluate the financial position of specific company. 4. Analyze basic financial statements and underlying risks of financial decisions. 5. Forecast and conduct an evaluation of long-term investments by using static and dynamic evaluating methods.
Lecturer / Teaching assistant	Assistant professor, Ana Mugoša, PhD; Jelena Jovović, MSc
Methodology	Lectures and Exercises, Case studies

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	The role and scope of Financial function
I week exercises	Quantitative analysis of basic financial statements
II week lectures	The relation between financial and other functions in firm. The structure of Financial function.
II week exercises	Liquidity analysis - practical examples
III week lectures	Financial policy – definition, aims and principles
III week exercises	Financial structure and long-term financial equilibrium analysis - practical examples
IV week lectures	Funding rules – vertical and horizontal
IV week exercises	Analysis of activity ratios - practical examples
V week lectures	Liquidity and liquidity policy
V week exercises	Analysis of profitability ratios - practical examples
VI week lectures	Self-financing and third party financing.
VI week exercises	Analysis of market ratios - practical examples
VII week lectures	Crediting
VII week exercises	Analysis of break-even point: practical examples
VIII week lectures	Specific types of financing.
VIII week exercises	Forecasting Balance Sheet
IX week lectures	Financial planning – balance sheet and income state forecast.
IX week exercises	Forecasting Balance Sheet in Excel
X week lectures	Operating and financial risk and leverage. Indifference point
X week exercises	Forecasting Income Statement
XI week lectures	Cash flow plan, Asset allocation plan, Working capital flow.
XI week exercises	Quantitative analysis of leverage ratios
XII week lectures	Definition and quantification of long-term investment. Price and effects of long-term investment funding.
XII week exercises	Long-term investment project evaluation - practical examples
XIII week lectures	Preparation for midterm exam
XIII week exercises	Midterm exam
XIV week lectures	Evaluation of long-term investment efficiency – dynamic and static methods.
XIV week exercises	Long-term investment project evaluation - Excel
XV week lectures	Preparation for midterm exam resit
XV week exercises	Midterm exam resit

Student workload	per week 6 ECTS x 40/30=8hours Structure: 2 hours of lectures 2 hours of exercises 4 hours of individual work and consultations per semester Total course workload: 6ECTS x 30 =180 hours Structure: Lectures and Final exam: 8 x 16 weeks= 128 hours Necessary preparations before beginning of semester: (administration, enrollment and verification): 8 x 2 weeks=16 hours Additional hours for preparation and examination in second exam term 36 hours
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 2 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	Compulsory attendance to lectures and exercises
Consultations	in scheduled terms
Literature	Fundamentals of financial management, James, C. Van Hoorne, John M. Wachowicz, Jr.. 2008, McGraw Hill,
Examination methods	Lecture activities 2 points Written exam 60 points Final exam 38 points
Special remarks	Lectures and exercises can be held in English.
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 / MANAGEMENT / BUSINESS ANALYSIS

Course:

BUSINESS ANALYSIS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2876	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
Prerequisites	/
Aims	Acquaintance of students with basic financial statements based on IAS and IFRS, as well as basic methods and techniques of financial statement analysis to make rational business and investment decisions.
Learning outcomes	The student understands, interprets and analyzes general purpose financial statements. The student calculates the indicators and uses the information contained in the financial reports to evaluate the financial and profitability position of the company. The student applies methods and techniques of analysis (method of induction, method of deduction, method of comparison, method of choosing a unit of measure, etc.) and draws conclusions about the state or phenomenon that was the subject of analysis. The student uses and applies IAS and IFRS, which define the conceptual framework for the presentation and compilation of financial statements and the assessment of balance sheet positions. The student plans and predicts the movement of financial indicators based on the data obtained from the analysis (synthesis)
Lecturer / Teaching assistant	Prof. Milan Lakićević, PhD Milica Vukčević, MSc
Methodology	Lectures and exercises. Checking of understanding and knowledge of the material will be organized through tasks and examples for independent work, as well as additional explanations of the material covered through consultations. The exam involves colloquium and a final exam.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Familiarize with methods of lectures and exercises, assessment and the way of communication; Accounting reporting, Form and content of financial statements—users of financial statements, Qualitative and quantitative characteristics of financial statements, information to be disclosed in financial statements.
I week exercises	Familiarize with methods of lectures and exercises, assessment and the way of communication; Accounting reporting, Form and content of financial statements—users of financial statements, Qualitative and quantitative characteristics of financial statements, information to be disclosed in financial statements.
II week lectures	Basics of analysis: subject of analysis, aims and goals of analysis, types of analysis, and methods of analysis. Classification and order of positions in the balance sheet.
II week exercises	Basics of analysis: subject of analysis, aims and goals of analysis, types of analysis, and methods of analysis. Classification and order of positions in the balance sheet.
III week lectures	Principles of balancing and assessment of balance positions.
III week exercises	Principles of balancing and assessment of balance positions.
IV week lectures	Estimation of the balance sheet asset and liability positions.
IV week exercises	Estimation of the balance sheet asset and liability positions.
V week lectures	Asset position analysis: Fixed assets analysis; Analysis of wear and tear of fixed assets; Analysis of the efficiency of the use of fixed assets; Analysis of the degree of capacity utilization; analysis of technical equipment.
V week exercises	Asset position analysis: Fixed assets analysis; Analysis of wear and tear of fixed assets; Analysis of the efficiency of the use of fixed assets; Analysis of the degree of capacity utilization; analysis of technical equipment.
VI week lectures	Current assets analysis: Analysis of the structure and speed of turnover of current assets.
VI week exercises	Current assets analysis: Analysis of the structure and speed of turnover of current assets.
VII week lectures	Analysis of a company`s financial position: Financial equilibrium analysis.
VII week exercises	Analysis of a company`s financial position: Financial equilibrium analysis.
VIII week lectures	Analysis of a company`s financial position: Debt analysis; Analysis of preserving the real value of own capital, Analysis of reproductive capacity.
VIII week exercises	Analysis of a company`s financial position: Debt analysis; Analysis of preserving the real value of own capital, Analysis of reproductive capacity.
IX week lectures	Income statement: form, content, and methods of preparing an income statement.
IX week exercises	Income statement: form, content, and methods of preparing an income statement.
X week lectures	Analysis of the structure and distribution of total income. Analysis of the structure and distribution of operating income. Analysis of the structure of the gross financial result.
X week exercises	Analysis of the structure and distribution of total income. Analysis of the structure and distribution of operating income. Analysis of the structure of the gross financial result.
XI week lectures	Analysis of profitability and analysis of the financial strength of the company.
XI week exercises	Analysis of profitability and analysis of the financial strength of the company.
XII week lectures	Break-even analysis and business risk analysis.
XII week exercises	Break-even analysis and business risk analysis.
XIII week lectures	Creditworthiness analysis. Models for predicting corporate bankruptcy.
XIII week exercises	Creditworthiness analysis. Models for predicting corporate bankruptcy.
XIV week lectures	Application of software for financial analysis.
XIV week exercises	Application of software for financial analysis.
XV week lectures	Colloquium
XV week exercises	Colloquium

Student workload	Weekly 5 credits x 40/30=6 hours and 40 minutes 2 hour(s) of theoretical lecture 0 hour(s) of practical lecture 2 exercises 2 hour(s) and 40 minutes independent work, including consultations During the semester Classes and final exam: 6 hours and 40 minutes x 16 = 106 hours and 40 minutes Necessary preparation before the beginning of the semester (administration, registration, certification): 6 hours and 40 minutes x 2 = 13 hours and 20 minutes Total workload for the course: 5 x 30=150 hours Additionally work for exam preparation in the make-up exam period, including taking the make-up exam from 0 to 30 hours (remaining time from the first two items to the total workload for the course) 30 hours and 0 minutes Load structure: 106 hours and 40 minutes (teaching), 13 hours and 20 minutes (preparation), 30 hours and 0 minutes (additional work)
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 2 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	Students are required to attend classes, solve tasks that are given for independent practice and evaluation, and pass a colloquium.
Consultations	Professor: Tuesday (from 11:00 a.m. to 12:00 p.m., room 305) Assistant: Friday (5:00 p.m. to 6:20 p.m., room 416)
Literature	 J. Rodić, M. Andrić, G. Vukelić, B. Vuković: Analiza finansijskih izvještaja, Ekonomski fakultet Subotica, drugo dopunjeno i izmijenjeno izdanje, Beograd oktobar 2017. godina. Additional literature:  K Škarić Jovanović, J. Poljašević: Primijenjena teorija i politike finansijskog izvjetavanja – zbirka zadataka, Ekonomski fakultet Banja Luka, Banja Luka 2013. godine  P. Bogetić: Analiza bilansa, Ekonomski fakultet Podgorica, 2000. god.  K. Vasiljević: Teorija i analiza bilansa, Savremena administracija, Beograd, 1970. godina  J. Ranković: Teorija bilansa, Ekonomski fakultet Beograd, 2005. god.  Priručnik za primjenu kontnog okvira za privredna društva. ISRCG, 2022. godina  IFRS Standardi, Savez računovođa i revizora Srbije, Beograd 2020. godine
Examination methods	Colloquium 60 points Final exam 40 points (Part of the final exam is the analysis financial statements of the selected company using customized software for financial analysis)
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 / MANAGEMENT / BANKING

Course:

BANKING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2877	Obavezan	3	5	2+2+0

Programs	MANAGEMENT
Prerequisites	None
Aims	Introduction students to fundamentals of bank firm functioning.
Learning outcomes	After the exam, students will be able to classify financial institutiona by making a distinction between the potentials and placements of these institutions, with the focus on banks, discus relative significance of the basic principles of bank operations, calculate profit rates in banking, illustrate financial statements of banks, estimate the justification of allowing mergers, valuing and financing bank mergers, describe general bank affairs in accordance with the set criterion.
Lecturer / Teaching assistant	Dr Slobodan Lakić (professor), Mr Jelena Jovović (assistant)
Methodology	Classical teaching methods

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Financial and bank system
I week exercises	Bank foundation and development
II week lectures	Financial institutions structure
II week exercises	Strategic bank management
III week lectures	Bank liquidity and solvency
III week exercises	Bamks capital
IV week lectures	Bank profitability
IV week exercises	Central bank
V week lectures	Legal aspect of bank business
V week exercises	Electronic banking
VI week lectures	Base money, money supply amd money multiplier
VI week exercises	Role of banking in money creation
VII week lectures	Process of credit multiplication
VII week exercises	Models of banking system
VIII week lectures	Mergers in banking
VIII week exercises	Bank marketing
IX week lectures	Legal aspect of banking
IX week exercises	International banking
X week lectures	Monetary management instruments
X week exercises	Passive bank businesses
XI week lectures	Active bank business
XI week exercises	Deposit businesses
XII week lectures	Credit - function and classification
XII week exercises	Businesses of bank borrowing
XIII week lectures	Net income (own) oriented bank business Intermediation bank businesses
XIII week exercises	Bank accounting
XIV week lectures	Business performances of bank
XIV week exercises	Intermediation bank businesses
XV week lectures	Accounting bank statement
XV week exercises	Commissionary, neutral bank businesss

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 2 excercises 2 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	None
Consultations	Once a week
Literature	Textbook Banking . S. Lakić, Addtional papers - S. Lakić, D. Šehović, J. Jovović
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 / MANAGEMENT / HUMAN RESOURCE MANAGEMENT

Course:

HUMAN RESOURCE MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2879	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / TRADE MARKETING

Course:

TRADE MARKETING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2892	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / FOREIGN TRADE OPERATIONS

Course:

FOREIGN TRADE OPERATIONS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2893	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
Prerequisites	None.
Aims	The goal is to introduce students into the subject of foreign trade operations, business transactions and thereby train them to work on export-import jobs.
Learning outcomes	After passing the exam in the Foreign Trade Business course, students are expected to: • Have theoretical and practical knowledge in the field of foreign trade; • Analyze the role of intermediaries in these businesses; • Study the risks involved in the implementation of export-import operations; • Use business examples, observe and analyze all stages of goods export and goods import
Lecturer / Teaching assistant	Full Professor Danijela Jaćimović, lecturer, Dženana Đurković, teaching assistant
Methodology	Lectures and exercises.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Foreign trade - definition and significance
I week exercises	Foreign trade - definition and significance
II week lectures	Foreign trade deals and terms
II week exercises	Foreign trade deals and terms
III week lectures	Participants in foreign trade affairs
III week exercises	Participants in foreign trade affairs
IV week lectures	Methods of contracting foreign trade affairs
IV week exercises	Methods of contracting foreign trade affairs
V week lectures	Organization of foreign trade affairs
V week exercises	Organization of foreign trade affairs
VI week lectures	Customs system
VI week exercises	Customs system
VII week lectures	Export-import business
VII week exercises	Export-import business
VIII week lectures	Colloquium
VIII week exercises	Colloquium
IX week lectures	Insurance of goods in international business
IX week exercises	Insurance of goods in international business
X week lectures	Forwarding in foreign trade business
X week exercises	Forwarding in foreign trade business
XI week lectures	Risks in foreign trade business
XI week exercises	Risks in foreign trade business
XII week lectures	Financing of foreign trade business
XII week exercises	Financing of foreign trade business
XIII week lectures	Economic diplomacy
XIII week exercises	Economic diplomacy
XIV week lectures	International trade institutions
XIV week exercises	International trade institutions
XV week lectures	Remedial colloquium
XV week exercises	Remedial colloquium

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 2 excercises 2 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	Regular attendance, doing homework.
Consultations	After lectures.
Literature	1. Ivana Popović-Petrović, Predrag Bjelić, Uvod u međunarodno poslovanje, Ekonomski fakultet, Beograd, 2022. 2. Ivan Marković, Miloš Todorović, Spoljnotrgovinsko i carinsko poslovanje, Ekonomski fakultet Niš, 2017. 2. Miodrag Marković, Spoljnotrgovinsko poslovanje, Čigura štapma, Beograd, 2006 3. Rajko Unčanin, Spoljnotrgovinsko i devizno poslovanje, Velarta, Beograd, 2006.
Examination methods	Colloquium: 40 points Activity: 15 points Final exam: 45 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 / MANAGEMENT / ELECTRONIC BUSINESS

Course:

ELECTRONIC BUSINESS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2907	Obavezan	4	5	2+2+0

Programs	MANAGEMENT
Prerequisites
Aims
Learning outcomes	Understands the importance of technologies for electronic commerce in the digital economy Recognizes the theoretical foundations of e-business Uses theoretical knowledge for planning of company’s performance in the electronic environment Can make personal and business Web sites Understands the security issues of electronic transactions Can distinguish between different models of e-business and recognizes the appropriateness of the application of different types of activities Examines the economic viability of different forms of e-business
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 2 excercises 2 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 / MANAGEMENT / INVESTMENT MANAGEMENT

Course:

INVESTMENT MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2914	Obavezan	3	5	2+2+0

Programs	MANAGEMENT
Prerequisites	There are no requirements to apply and listen to the lectures;
Aims	Getting to know and understanding the basic economic principles of investing; Projects and development policy of the company; project management; financial analysis and evaluation of the project; management of human resources in the project; project risk management etc.
Learning outcomes	After the student passes this exam, he/she will be able to: • defines the basic types of investments and projects and explains the concept of project management; • understands the complexity of the investment project development methodology and the management of human resources in the project; • conduct financial analysis of investors; • distinguishes types of risk and understands how to manage risk on the project; • understand how the process of evaluating the social justification of investment projects is carried out.
Lecturer / Teaching assistant	Assistant Professor Milica Muhadinović, PhD
Methodology	Lectures, exercises, consultations, interactive work, seminars, preparation for tests, colloqium and final exam

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Projects and development policy of the company
I week exercises	Importance of investments for the Montenegrin economy with examples
II week lectures	Concept and types of projects
II week exercises	Pre-investment studies
III week lectures	Stages of the life cycle of the company and the project
III week exercises	Exercise - Use of methodology on the example of investment in the Montenegrin economy
IV week lectures	Project management concept
IV week exercises	Analysis and assessment of complex creditworthiness / Preparation for the colloquium
V week lectures	Financial analysis of the project
V week exercises	Analysis of the companys financial indicators 1
VI week lectures	Financial plans and projections of the investment project
VI week exercises	Analysis of the companys financial indicators 2
VII week lectures	Colloqium week
VII week exercises	Colloqium week
VIII week lectures	Financial evaluation of the investment project, part 1
VIII week exercises	Assignments for the final exam
IX week lectures	Corrective colloquium
IX week exercises	Corrective colloquium
X week lectures	Financial evaluation of the investment project, part 2
X week exercises	Assignments for the final exam
XI week lectures	Project management organization
XI week exercises	Essay
XII week lectures	Human resource management in the project
XII week exercises	Case studies in the field of human resource management
XIII week lectures	Project risk management
XIII week exercises	Presentations of seminars
XIV week lectures	Evaluating the social justification of investment projects
XIV week exercises	Presentations of seminars
XV week lectures	Project-oriented organization
XV week exercises	Presentations of the remaining seminars

Student workload	Weekly 5 credits x 40/30 = 6 hours 40 minutes Structure: 1 hour and 30 minutes for lectures 1 hour and 30 minutes for exercises 3 hours and 40 minutes of independent student work, including consultation.
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 2 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	Students are required to attend classes and do colloquim and activities during lectures/exercises
Consultations	Consultations are held following the terms that are published on the website or by e-mail Assistant Professor Milica Muhadinović (milicamuhadinovic@gmail.com, milicamuhadinovic@ucg.ac.me)
Literature	Literature: Vučenović, Saša (2017). Management of investment projects, scientific monograph, University of Banja Luka, Faculty of Economics, Banja Luka. Jovanović, Petar (2015). Project Management, Faculty of Innovation and Project Management, Belgrade. Additional reading: Kerzner, Harold (2017). Project management: A systems approach to planning, scheduling and controlling. John Wiley & Sons Malešević E., Malešević Đ., "Investment Management", 2011.
Examination methods	The grade consists of: • one colloquium 30 points (in writing) • Final exam carries 35 points (in writing/oral) • Seminar paper carries 15 points • A maximum of 20 points can be obtained for activity in lectures and exercises A passing grade is obtained if at least 50 points are accumulated cumulatively.
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 / MANAGEMENT / OPERATIONAL MANAGEMENT

Course:

OPERATIONAL MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
2915	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
Prerequisites	None
Aims	Application of quantitative methods in management
Learning outcomes	After completing this course, students will be able to: - correctly define the basic concepts of operational management - choose a decision-making model that suits the observed business environment - to analyze the problems - use some simpler methods and models from operational management - to follow the literature and use simpler software
Lecturer / Teaching assistant	Professor Zdenka Dragašević, lecturer Dženana Đurković, teaching assistant
Methodology	Lectures and exercises. Debates and explanations. Examples from practice.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction to operative management. Transport problem - methods for determining the initial basic solution.
I week exercises	Introduction to operative management. Transport problem - methods for determining the initial basic solution.
II week lectures	Transport problem - methods for determining the optimal solution (SS method)
II week exercises	Transport problem - methods for determining the optimal solution (SS method)
III week lectures	Transport problem - methods for determining the optimal solution (Modi method)
III week exercises	Transport problem - methods for determining the optimal solution (Modi method)
IV week lectures	Open transport problems. The problem of degeneration.
IV week exercises	Open transport problems. The problem of degeneration.
V week lectures	Assignment problem, Example
V week exercises	Assignment problem, Example
VI week lectures	Inventory models, Example
VI week exercises	Inventory models, Example
VII week lectures	CPM, PERT method
VII week exercises	CPM, PERT method
VIII week lectures	Examples: CPM, PERT method
VIII week exercises	Examples: CPM, PERT method
IX week lectures	Examples: CPM, PERT method
IX week exercises	Examples: CPM, PERT method
X week lectures	Game theory
X week exercises	Game theory
XI week lectures	Examples: Game theory
XI week exercises	Examples: Game theory
XII week lectures	Colloquium, 12th December 2023 (Podgorica), 4th December 2023 (Bijelo Polje)
XII week exercises	Colloquium, 12th December 2023 (Podgorica), 4th December 2023 (Bijelo Polje)
XIII week lectures	Remedial colloquium, 26th December 2023 (Podgorica), 11th December (Bijelo Polje)
XIII week exercises	Remedial colloquium, 26th December 2023 (Podgorica), 11th December (Bijelo Polje)
XIV week lectures	Final exam
XIV week exercises
XV week lectures
XV week exercises

Student workload
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Taking lectures and exercises, making term papers, doing the homework.
Consultations	After classes of lectures and exercises.
Literature	1. Rakočević, S., «Operaciona istraživanja», Ekonomski fakultet Podgorica 2. Vujošević M., »Operativni menadžment«, Beograd 3. Heizer Barry» Operativni menadžment», Prentice Hall, 20013, prevod
Examination methods	Colloquium (assignments) .............................................. .. 50 points Homework ................................................ 10 points Final exam (theory) ............................................ 40 points The exam consists of a colloquium and a final exam.
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 / MANAGEMENT / SMALL BUSINESS MARKETING MANAGEMENT

Course:

SMALL BUSINESS MARKETING MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
3989	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
Prerequisites	There are no prerequisites. It is desirable that the student has passed the courses Marketing, Management and Business
Aims	The course aims to teach students principles and basic skills of marketing management in small and medium-sized enterprises (SME), or to train themto recognize the problem, analyze it, and propose a way to solve it, based on acquired knowledge and skills, and bring optimal business solutions (decision). Hence, in addition to theoretical explanations of marketing management in the SME sector, this disciplines deals with possibilities of applying benchmarking in the SME sector, and the analysis of the basic mistakes that must be avoided in marketing. The ultimate goal is to help students master the skill of making a quality marketing plan with all the necessary elements.
Learning outcomes	After passing this exam, student will be able to: - describe basic categories and specifics of marketing in the sector of small and medium-sized enterprises - differentiate between marketing in large and small enterprises and identify key determinants of "guerrilla marketing" (in the case of a specific company) - explain the development plan of "guerrilla marketing" and point out the process of market research in the SME sector - discuss about benchmarking as a model for improving the competitiveness of small and medium-sized enterprises, its types and process in the cases of a specific companies - explain marketing instruments (product, price, place (distribution) and promotion) in small business (in the case of a specific company) - indicate ways to avoid mistakes in the marketing of SME - describe process of developing a marketing plan and develop a model of a marketing plan in the case of a company
Lecturer / Teaching assistant	Mirjana Kuljak Dragana Ćirović
Methodology	Lectures, exercises, case studies, practical activities, seminars, debates, discussions, consultations

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Introduction to marketing of small businesses; specificities of applying marketing in SME sector
I week exercises	Introduction to marketing of small businesses; specificities of applying marketing in SME sector
II week lectures	Marketing and entrepreneurship
II week exercises	Marketing and entrepreneurship
III week lectures	Benchmarking - concept, types, the implementation process, international and local examples; specificities of applying benchmarking in SMEs
III week exercises	Benchmarking - concept, types, the implementation process, international and local examples; specificities of applying benchmarking in SMEs
IV week lectures	Marketing instruments in small business - traditional vs digital marketing
IV week exercises	Marketing instruments in small business - traditional vs digital marketing
V week lectures	Ten deadly sins in marketing - how to avoid mistakes in the marketing of SMEs
V week exercises	Ten deadly sins in marketing - how to avoid mistakes in the marketing of SMEs
VI week lectures	Marketing Planning - Marketing plan in SMEs; steps in making a marketing for SMEs
VI week exercises	Marketing Planning - Marketing plan in SMEs; steps in making a marketing for SMEs
VII week lectures	Entrepreneurial marketing plan - explanation of key features
VII week exercises	Entrepreneurial marketing plan - explanation of key features
VIII week lectures	Colloquium
VIII week exercises	Colloquium
IX week lectures	Implementation and control (audit) of the marketing plan in SMEs
IX week exercises	Implementation and control (audit) of the marketing plan in SMEs
X week lectures	Corrective colloquium
X week exercises	Corrective colloquium
XI week lectures	Internship
XI week exercises	Internship
XII week lectures	Internship
XII week exercises	Internship
XIII week lectures	Internship
XIII week exercises	Internship
XIV week lectures	Internship
XIV week exercises	Internship
XV week lectures	Internship
XV week exercises	Internship

Student workload	Total hours for the course: 6 x 30 = 180 hours; Structure: Classes and the final exam: 8 x 16 weeks = 128 hours; Necessary preparations before the start of the semester (administration, admission, verification): 8 x 2 = 16 hours; Additional work for the preparation and examination of make-up exam: 36 hours.
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to regularly attend classes and pursue activities according to ECTS criteria.
Consultations	As stated on the website of the Faculty.
Literature	Basic literature: Melović B., Marketing menadžment malog biznisa, chrestomathy, Faculty of Economics, Podgorica, 2014; Lajović D., Melović B., Marketing menadžment malog biznisa, chrestomathy, Faculty of Economics, Podgorica, 2008; supplementary literature.
Examination methods	To pass the exam a student should cumulatively attain min 50 points, of which: class activities max 20 points (10L + 10E); one colloquium max 30 points; final exam max 50 points (25 lectures + 25 internship).
Special remarks
Comment	Students who will be doing an internship in a company from this subject will be required to do a project assignment, in coordination with the subject professor and a mentor from the company. The project assignment will be evaluated up to 25 points as part of the final exam (50% of the points awarded by the final exam). Students can earn the remaining 25 points in the final exam by taking the oral exam. Students who do their internship in the company from another subject take the oral final exam and can earn up to 50 points that way.

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 / MANAGEMENT / CONTROL AND AUDITING

Course:

CONTROL AND AUDITING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
3990	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
Prerequisites	accounting
Aims	Understand the role of the auditor in society and their responsibilities, as well as audit process of financial statements in the context of a professional regulatory framework
Learning outcomes	On successful completion of this exam, students should be able to: -explain the nature of financial statement audits and why audits are demanded by society; -understand the audit process, from accepting the client to creating documentation; -explain the relationship between evidence and audit risk; -describe and evaluate internal controls, techniques, and audit tests; -identify and describe the work and evidence obtained by the auditor to meet the objectives of audit engagements and the application of the International Standards on Auditing; -explain the different types of auditor"s report
Lecturer / Teaching assistant	Tanja Laković, PhD.
Methodology	Lectures, exercises, class activities.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Audit of financial statements: concept, role and definition
I week exercises	Financial statements (renewal)
II week lectures	Audit framework and regulation
II week exercises	Illustrative case: OAO Gazprom, Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp. 123-137)
III week lectures	Auditing Principles and Professional Ethics
III week exercises	Illustrative cases: : studija slučaja: »Jamaica Water Properties« Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp. 247-255) Studija slučaja: Leigh anna Walker, Staff Accountant, Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp.. 323-325)
IV week lectures	Audit procedure - Acceptance and introduction to the client, Development of audit strategy, plan and program;
IV week exercises	Example
V week lectures	Audit Evidence and audit procedures
V week exercises	Test (material studied in the first III weeks) 28.10. 2021.
VI week lectures	Materiality and risk assessment: obtaining, accepting, and continuing audit engagements
VI week exercises	The Leslie Fay companies Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp. 63-74) -Campbell soup coumpany Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp. 185-192) -CBI holding Company. Inc. Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (pp. 179-184)
VII week lectures	Interna control; the use and evaluation of internal control systems by auditors, a test of controls Illustrative cases: Flight Transportation Corporation“, Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (str. 153-159) Studija slučaja “Howard Street Jewelers“ Inc. Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007 (str. 209-211)
VII week exercises	Retake test 11.11. 2021.
VIII week lectures	Audit sampling and other means of testing
VIII week exercises	Practical example and quiz
IX week lectures	The audit of specific items
IX week exercises	Practical example and quiz
X week lectures	Review and reporting : subsequent event and going concern principle
X week exercises	Practical example and quiz
XI week lectures	Audit finalization and the final review, the independent Auditor"s report
XI week exercises	Practical example and quiz
XII week lectures	Internal auditing (guest lecture)
XII week exercises	Guest lecture
XIII week lectures	Auditing firms (guest lecture)
XIII week exercises	Guest lecture
XIV week lectures	Preparation for the final exam/ practical work
XIV week exercises	Preparation for the final exam/ practical work
XV week lectures	Final exam (The final examination will be given according to the official university schedule).
XV week exercises	Final exam (The final examination will be given according to the official university schedule).

Student workload	6 ECTS credits x 40/30 =8 hours Structure: 1 hours and 30 min of lectures 1 hours and 30 min of exercises 5 hours of independent work including consultation 6 ECTS x 30 = 180 hours Structure: Lectures and final exams: 8 hours *16 weeks=128 hours Preparation befor the start of semester (administration, enrolment ): 8 hours*2=16 hours Additional work –preparation for the corrective exam period: 36 hours
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are strongly encouraged to participate and ask questions during lectures and exercises. Keeping up with the material will be the key to your success in this accounting course. Thus, it is imperative that you read the chapter prior to the day we cover that particular material and keep up with the homework. Homework assignments will be given throughout the semester.
Consultations	after a lecture e-mail: tanjavu@ ucg.ac.me
Literature	1. Andrić, M., Krsmanović, B., Jakšić, D. Revizija: teorija i praksa, peto izdanje, 2012 2. IAS 3. Knapp, C. M.., Auditing Cases, Sixth Edition, Thomson, 2007
Examination methods	Test: 40 points Final test: 40 points The test and final exam may consist of multiple-choice, short answer, and calculation questions). The frequency of each type of question may vary among exams. Class activities: 20 points ( group work) The exams may either be administered in a classroom or through an online portal.
Special remarks	• During the exams, cell phones and laptops must be turned off (if the exam is administered in a classroom). All that you will need to complete the exams is a pencil, a basic calculator, and notes provided/allowed by the instructor. • If sick and unable to take an exam, the student will contact the instructor before the examination is given, if physically possible to do so
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 / MANAGEMENT / FINANCIAL MARKETS

Course:

FINANCIAL MARKETS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
3991	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / MARKET COMMUNICATIONS

Course:

MARKET COMMUNICATIONS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
3992	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / STRATEGIC MANAGEMENT

Course:

STRATEGIC MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5111	Obavezan	3	5	2+2+0

Programs	MANAGEMENT
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 2 excercises 2 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 / MANAGEMENT / SMALL AND MEDIUM ENTERPRISES MANAGEMENT

Course:

SMALL AND MEDIUM ENTERPRISES MANAGEMENT/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
5112	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / BUSINESS ETHICS

Course:

BUSINESS ETHICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
10219	Obavezan	3	5	2+2+0

Programs	MANAGEMENT
Prerequisites	No conditionality
Aims	Presenting theory and practice of business ethics within national and across international economy.
Learning outcomes	After completion of the course student will be able to: - explain the importance of ethics in business - discuss basics of business ethics - differentiate between various ethical approaches to business (agency, activities, utilities) - summarize development of universal business norms - explain ethical role of formal rules (laws, regulations, codex ... ) - explain ethical role of informal rules (custom, praxis, bon ton …).
Lecturer / Teaching assistant	Mirjana Kuljak, Dragana Ćirović
Methodology	Lectures, seminal works, case studies, literature reviews, discussions, field/on-site visits, visiting lecturers.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	Ethics and Business I part
I week exercises	Ethics and Business I part
II week lectures	Ethics and Business II part
II week exercises	Ethics and Business II part
III week lectures	Business ethics I part
III week exercises	Business ethics I part
IV week lectures	Business ethics II part
IV week exercises	Business ethics II part
V week lectures	Virtue ethics (agents) vs. duty ethics (activities) vs. utility ethics (utility): Phronesis-deontology-utilitarism I part
V week exercises	Virtue ethics (agents) vs. duty ethics (activities) vs. utility ethics (utility): Phronesis-deontology-utilitarism I part
VI week lectures	Virtue ethics (agents) vs. duty ethics (activities) vs. utility ethics (utility): Phronesis-deontology-utilitarism II part
VI week exercises	Virtue ethics (agents) vs. duty ethics (activities) vs. utility ethics (utility): Phronesis-deontology-utilitarism II part
VII week lectures	Preparation for I colloquium
VII week exercises	I colloquium
VIII week lectures	Development of universal business norms I part
VIII week exercises	Development of universal business norms I part
IX week lectures	Development of universal business norms II part
IX week exercises	Development of universal business norms II part
X week lectures	Formal rules (custom, praxis, bon ton, ...) I part
X week exercises	Formal rules (custom, praxis, bon ton, ...) I part
XI week lectures	Formal rules (custom, praxis, bon ton, ...) II part
XI week exercises	Formal rules (custom, praxis, bon ton, ...) II part
XII week lectures	Informal rules (custom, praxis, bon ton, ...) I part
XII week exercises	Informal rules (custom, praxis, bon ton, ...) I part
XIII week lectures	Informal rules (custom, praxis, bon ton, ...) II part
XIII week exercises	Informal rules (custom, praxis, bon ton, ...) II part
XIV week lectures	Preparations for II colloquium
XIV week exercises	II colloquium
XV week lectures	Final exam
XV week exercises	Repeat I and II colloquim Repeat final exam

Student workload	2 hours of lectures, 2 hours of exercises, 2 hours preparations for required activities.
Per week	Per semester
5 credits x 40/30=6 hours and 40 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 2 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	Regular attendance of classes, active participation in required activities and colloquia.
Consultations	Before and after classes, and within consultation time in a lecturers room
Literature	Business ethics literature that covers curriculum topics, available at the Library of the Faculty, internet and e-sources.
Examination methods	Points (p) per activity: one colloquium max 40p; class activities (P/V) max 20p (10L + 10E); making a seminar paper max 10p, final exam (oral) 30p; Total 100p. Student has an option to earn points envisioned for colloquia and final exam by actively participating in classes, following ECTS weekly topics.
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 / MANAGEMENT / BUSINESS FOREIGN LANGUAGE - ENGLISH

Course:

BUSINESS FOREIGN LANGUAGE - ENGLISH/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
10922	Obavezan	1	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / MANAGING FINANCIAL RISKS

Course:

MANAGING FINANCIAL RISKS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11255	Obavezan	5	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / ACTUARIAL MATEMATICS

Course:

ACTUARIAL MATEMATICS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11256	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
Prerequisites	No conditionality
Aims	The goal is to enable students to understand the basic definitions and statements from Actuarial Mathematics, in order to freely use and use various techniques of mathematics in insurance.
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	prof. dr Vladimir Kašćelan, TA- mr Milan Raičević
Methodology	Lectures with the active participation of students.

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
VIII week exercises	Test
IX week lectures	Premium reserve. Individual and collective premium reserve. Definitions. Examples
IX week exercises	Premium reserve. Individual and collective premium reserve. Definitions. Examples
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.
XIII week exercises	Solvency margin.
XIV week lectures	Rating of insurance companies
XIV week exercises	Rating of insurance companies
XV week lectures	Make-up test
XV week exercises	Make-up test

Student workload	2x2
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are required to attend classes
Consultations	After the lecture and in official terms.
Literature	1. Kočović J.: Aktuarske osnove formiranja tarifa u osiguranju lica EF-Beograd 2000; 2. Kašćelan V. Novović M: Osiguranje i aktuarska matermatika, Univerzitet Crne Gore, 2009.; 3. Kašćelan V.: Osnove aktuarske matematike- skripta EF 2004. Selection from a variety of foreign books which deal with premium reserve, tariffs in insurance and solvency margin.
Examination methods	Quizzes 10 points (5x2) Test 40 points Final exam 50 points The grade is formed in accordance with 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 / MANAGEMENT / EVALUATION OF INVESTMENT PROJECTS

Course:

EVALUATION OF INVESTMENT PROJECTS/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11257	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
Prerequisites	/
Aims	The goal is for students to master the knowledge and skills needed to create and evaluate investment projects.
Learning outcomes	Students understand the essence of investment and distinguish between current and capital expenditures. Students use and apply static and dynamic methods for evaluating the profitability of investment projects. Students rank and rate projects that have unequal economic lifetimes. Students independently prepare and evaluate an investment project.
Lecturer / Teaching assistant	Prof. Milan Lakićević, PhD Milica Vukčević, MSc
Methodology	Lectures and exercises. Checking understanding and knowledge of the material through tasks and examples for independent work and additional explanations of the material covered through consultations. The exam consists of one colloquium during the semester and a final exam. Also, it is planned to pass the practical part in the computer room.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	General terms about investments. Management of the investment process.
I week exercises	General terms about investments. Management of the investment process.
II week lectures	Investment financing.
II week exercises	Investment financing.
III week lectures	Pre-investment study. Creation of an investment project.
III week exercises	Pre-investment study. Creation of an investment project.
IV week lectures	Quantification of investments. Projection of income and expenses and residual value of the investment project.
IV week exercises	Quantification of investments. Projection of income and expenses and residual value of the investment project.
V week lectures	Projection of profit and net cash flow of the investment project.
V week exercises	Projection of profit and net cash flow of the investment project.
VI week lectures	Concept and quantification of cost of capital.
VI week exercises	Concept and quantification of cost of capital.
VII week lectures	Financial assessment and ranking of investment projects. Methods for evaluating the profitability of investment projects.
VII week exercises	Financial assessment and ranking of investment projects. Methods for evaluating the profitability of investment projects.
VIII week lectures	Net Present Value Method and Internal Rate of Return Method.
VIII week exercises	Net Present Value Method and Internal Rate of Return Method.
IX week lectures	Payback Period Method and Accounting Rate of Return.
IX week exercises	Payback Period Method and Accounting Rate of Return.
X week lectures	Evaluation of project liquidity. Investing within the limits of existing capacity.
X week exercises	Evaluation of project liquidity. Investing within the limits of existing capacity.
XI week lectures	Uncertainty and uncertainty analysis. Elasticity analysis.
XI week exercises	Uncertainty and uncertainty analysis. Elasticity analysis.
XII week lectures	Sensitivity analysis. Probability analysis. Standard deviation and likelihood ratio.
XII week exercises	Sensitivity analysis. Probability analysis. Standard deviation and likelihood ratio.
XIII week lectures	Assessment of the profitability of investment projects with unequal lifetimes.
XIII week exercises	Assessment of the profitability of investment projects with unequal lifetimes.
XIV week lectures	UNIDO methodology
XIV week exercises	UNIDO methodology
XV week lectures	Colloquium
XV week exercises	Colloquium

Student workload	Weekly 6 credits x 40/30=8 hours and 0 minutes 2 hour(s) of theoretical lecture 0 hour(s) of practical lecture 2 exercises 4 hour(s) and 0 minutes independent work, including consultations In the semester Classes and final exam: 8 hours and 0 minutes x 16 = 128 hours and 0 minutes Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hours and 0 minutes x 2 = 16 hours and 0 minutes Total workload for the course: 6 x 30=180 hours Additionally work for exam preparation in the remedial exam period, including taking a make-up exam from 0 to 30 hours (remaining time from the first two items to the total load for the subject) 36 hours and 0 minutes Load structure: 128 hours and 0 minutes (teaching), 16 hours and 0 minutes (preparation), 36 hours and 0 minutes (additional work)
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Students are obliged to attend classes, solve tasks that are given for independent practice and evaluation, pass the introductory part in the computer room, and pass the colloquium and the final exam.
Consultations	Professor: Tuesday (from 11:00 a.m. to 12:00 p.m., room 305) Assistant: Friday (from 5:00 p.m. to 6:20 p.m., room 416)
Literature	Jovan Rodić, Milovan Filipović: Poslovne finansije, Beogradska poslovna škola, Beograd 2012. Dejan Mikerević: Evaluacija investicija, Finrar, Banja Luka, 2022. Dragan Mikerević: Finansijski menadžment, Finrar, Banja Luka, Petar Jovanović: Upravljanje investicijama, Grafoslog, Beograd, 2001. Udruženje banaka Jugoslavije, Ekonomski institut Zagreb: Priručnik za planiranje investicionih projekata, Privredna štampa Beograd, 1981.
Examination methods	Colloquium - 50 points Practical work – 30 points Final exam 20 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 / MANAGEMENT / FORENSIC ACCOUNTING

Course:

FORENSIC ACCOUNTING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11258	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
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
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 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 / MANAGEMENT / INTERNATIONAL BUSINESS FINANCING

Course:

INTERNATIONAL BUSINESS FINANCING/

Course ID	Course status	Semester	ECTS credits	Lessons (Lessons+Exercises+Laboratory)
11259	Obavezan	6	6	2+2+0

Programs	MANAGEMENT
Prerequisites	None.
Aims	The course International Business Financing provides students modern knowledge in the field of international finance, an understanding of the process and specifics of international business finance, as well as an insight into international financial transactions.
Learning outcomes	• Acquired knowledge in this area enables students to understand the essence and changes in exchange rates, the organization and work of the MFO, the origin and functioning of the EMU. Special attention is paid to international capital flows, securing export operations and joint capital investments. • By providing the necessary amounts and the most favorable structure of funds from international sources for the realization of business ventures and, on the other hand, the most economically rational investment of free funds through international transactions. • International financing enables a more rational use of financial resources, which are directed to regions and sectors where their efficiency in use is the greatest.
Lecturer / Teaching assistant	Full Professor Danijela Jaćimović, lecturer, Dženana Đurković, teaching assistant
Methodology	Lectures, exercises, consultations.

Plan and program of work
Preparing week	Preparation and registration of the semester
I week lectures	The concept of international business financing
I week exercises	The concept of international business financing
II week lectures	Transnational companies and international business financing
II week exercises	Transnational companies and international business financing
III week lectures	Non-financial and financial transnational companies and international business financing
III week exercises	Non-financial and financial transnational companies and international business financing
IV week lectures	National institutions for financing long-term export operations. Multilateral institutions for financing long-term export operations
IV week exercises	National institutions for financing long-term export operations. Multilateral institutions for financing long-term export operations
V week lectures	International regulation and international business financing. Complex forms of international business financing (traditional - property)
V week exercises	International regulation and international business financing. Complex forms of international business financing (traditional - property)
VI week lectures	The foreign exchange system of the country and international business financing. Financiers and users of financing in international business financing
VI week exercises	The foreign exchange system of the country and international business financing. Financiers and users of financing in international business financing
VII week lectures	Types of international business financing. Risks of international business financing
VII week exercises	Types of international business financing. Risks of international business financing
VIII week lectures	International business financing instruments
VIII week exercises	International business financing instruments
IX week lectures	Colloquium
IX week exercises	Colloquium
X week lectures	Classic forms of international business financing and international credit deals. Complex forms of international business financing (new forms - non-property)
X week exercises	Classic forms of international business financing and international credit deals. Complex forms of international business financing (new forms - non-property)
XI week lectures	Remedial colloquium
XI week exercises	Remedial colloquium
XII week lectures	Practical teaching
XII week exercises	Practical teaching
XIII week lectures	Practical teaching
XIII week exercises	Practical teaching
XIV week lectures	Practical teaching
XIV week exercises	Practical teaching
XV week lectures	Practical teaching
XV week exercises	Practical teaching

Student workload
Per week	Per semester
6 credits x 40/30=8 hours and 0 minuts 2 sat(a) theoretical classes 0 sat(a) practical classes 2 excercises 4 hour(s) i 0 minuts of independent work, including consultations	Classes and final exam: 8 hour(s) i 0 minuts x 16 =128 hour(s) i 0 minuts Necessary preparation before the beginning of the semester (administration, registration, certification): 8 hour(s) i 0 minuts x 2 =16 hour(s) i 0 minuts Total workload for the subject: 6 x 30=180 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) 36 hour(s) i 0 minuts Workload structure: 128 hour(s) i 0 minuts (cources), 16 hour(s) i 0 minuts (preparation), 36 hour(s) i 0 minuts (additional work)
Student obligations	Mandatory attendance at lectures and exercises.
Consultations	At the scheduled time.
Literature	Miloš Todorović, Ivan Marković, Međunarodna ekonomija, Ekonomski fakultet Niš, 2019. glave: 8, 9,10,11, 12, 13, 14. Jelena Kozomara, Sandra Stojadinović Jovanović, Međunarodno poslovno finansiranje, CID, Ekonomski fakultet, Beograd 2011. Miloš Todorović, Ivan Marković, Međunarodni ekonomski odnosi i geopolički odnosi u 21. vijeku, Ekonomski fakultet Niš, 2020.
Examination methods	Colloquium: 40 points Activity: 15 points Final exam: 45 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