Study program Finance and credit (4+1)
Important: This study program is no longer active. Please check the new study program.
Study program: Finance and Credit
Faculty: Faculty of Economics and Organization of Entrepreneurship
Degree: Bachelor’s degree / undergraduate / first cycle
Location: Sveti Nikole or Bitola, Republic of North Macedonia
Student status: full-time or part-time
Duration of study: 4 years (8 semesters)
Total number of courses: 32
ECTS: 240
Awarded degree: Bachelor of Economics
Tuition fee per year: EUR 2030
The finances play a significant role in the stability of the world economy, which means that they are directly on indirectly connected to all of us. Finance and Credit is a study program for everyone who wants to be employed in the area of finances (accountants, bankers). The duration of the study program is four years, i.e. eight semesters.
In the study program you will be explained the essence and the practical meaning of the basic principles of finances, you will learn to recognize the characteristics and the types of different financial instruments (tax bonds, actions, deposits, loans, financial derivatives, and etc.) you will learn the principles of evaluation of the financial instruments, i.e. the basic factors of which the investor’s decision is dependable as to in which financial instruments will he invest his money.
The courses from the area of accounting, are also included where you will be able to learn the basic techniques of bookkeeping, account records of the income and expenses…
Finance and Credit is a study program which will help you develop you analytical skills, as well as the skills for decision making. There are numerous beforehand prepared theories that will assist you in deciding which financial solutions are the best, but here you will discover that every situation is different. The beforehand prepared theories will help you see things, but not necessarily meaning that they will be able to be implemented the way they are.
Consequently, here you will develop your “sense” for managing things that are unpredictable, which that for you as a future economist, will be your greatest ally.
Within the frames of the four year studies, 32 courses are covered that the students must pass. Each semester has two required and 4 elective courses. From the 4 elective possible courses, the students only pick two courses – between the first and the second elective course, i.e. between the third and the fourth, etc. E.g. only one course is chosen – either no.3 or no.4 (except if somewhere is specified otherwise).
In the given table below, the term un. elective stands for university elective course, and as for choosing one of these courses, the same rules apply as the standard elective courses.
After graduating you will acquire a title Bachelor of Economics.
Study program • four – year degree program
| Faculty of economy and organization of entrepreneurship |
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| Study program: Finance and Credit |
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| Bachelor of Economics | ||||
| 1 SEMESTER |
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| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 1 | History of the Economic Thought | Required | 8 | 240 |
| 2 | Accounting Basics | Required | 8 | 240 |
| 3 | Sociology | Elective | 7 | 210 |
| 4 | Economic Theory | Elective | 7 | 210 |
| 5 | Slavic Studies | Elective | 7 | 210 |
| 6 | Work Ethic | Elective | 7 | 210 |
| 2 SEMESTER | ||||
| COURSE | REQ./ELE. | ЕКТС | WORKLOAD | |
| 7 | Economic Mathematics | Required | 8 | 240 |
| 8 | Economic Geography | Required | 8 | 240 |
| 9 | Russian Language 1 | Elective | 7 | 210 |
| 10 | English Language 1 | Elective | 7 | 210 |
| 11 | Essentials of Economics | Un. Elective | 7 | 210 |
| 12 | Basics of Computer Science | Un. Elective | 7 | 210 |
| 3 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 1 | Business Enterprise | Required | 8 | 240 |
| 2 | Macroeconomics | Required | 8 | 240 |
| 3 | Russian Language 2 | Elective | 7 | 210 |
| 4 | English Language 2 | Elective | 7 | 210 |
| 5 | Basics of Law | Elective | 7 | 210 |
| 6 | Philosophy | Elective | 7 | 210 |
| 4 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 7 | Statistical Mathematics | Required | 8 | 240 |
| 8 | Financial Management | Required | 8 | 240 |
| 9 | Business Law | Elective | 7 | 210 |
| 10 | Economic Law | Elective | 7 | 210 |
| 11 | Essentials of Management | Un. Elective | 7 | 210 |
| 12 | Business Psychology | Un. Elective | 7 | 210 |
| 5 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 1 | Financial Markets | Required | 8 | 240 |
| 2 | Tax System | Required | 8 | 240 |
| 3 | Electronic Business | Elective | 7 | 210 |
| 4 | Logic | Elective | 7 | 210 |
| 5 | Accounting Control and Revision | Elective | 7 | 210 |
| 6 | Entrepreneurial Management | Elective | 7 | 210 |
| 6 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 7 | Making Prices | Required | 8 | 240 |
| 8 | Finance and Credit | Required | 8 | 240 |
| 9 | English Language 1 | Elective | 7 | 210 |
| 10 | Russian Language 2 | Elective | 7 | 210 |
| 11 | Accounting Estimates | Un. Elective | 7 | 210 |
| 12 | Project Management | Un. Elective | 7 | 210 |
| 7 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 1 | Bank Dealings | Required | 8 | 240 |
| 2 | Foreign Exchange System | Required | 8 | 240 |
| 3 | English Language 2 | Elective | 7 | 210 |
| 4 | Russian Language 2 | Elective | 7 | 210 |
| 5 | Organizational Behavior | Elective | 7 | 210 |
| 6 | Business Systems | Elective | 7 | 210 |
| 8 SEMESTER | ||||
| COURSE | REQ./ELE. | ECTS | WORKLOAD | |
| 7 | International Commerce | Required | 8 | 240 |
| 8 | Investments | Required | 8 | 240 |
| 9 | Informatics Technologies | Elective | 7 | 210 |
| 10 | Information Systems | Elective | 7 | 210 |
| 11 | History of Russia and North Macedonia | Un. Elective | 7 | 210 |
| 12 | Electronic Business | Un. Elective | 7 | 210 |
Enrollment requirements
We can only enroll students who have completed at least four-year secondary education in the Republic of North Macedonia or abroad with passed state or international matura exam (matriculation examination) or an equivalent.
The students should prepare all of the required documents, which may depend on the country they come from. The international students may need to submit their secondary school diplomas for nostrification at the Ministry of Education and Science of the Republic of North Macedonia. This should be done at least a month before applying for enrollment at our university.
The admissions process does not include entrance exams at the undergraduate level.
Required documents for international students
When applying for enrollment on the first cycle, candidates should submit the following documents:
- A diploma of passed state, school or international matura exam (matriculation examination) or an equivalent;
- High school transcripts for each of the 4 years;
- Nostrification of the diploma (for international students)
- Birth certificate;
- Citizenship certificate;
- 4 document photos.
For international students additional documents might be necessary. Documents for applications can be submitted at the International Slavic University “G. R. Derzavin” in Sveti Nikole, at the following address “Marshal Tito” No. 77 , and Bitola at the following address “Novachki pat” No. 16.
Tuition fees
Candidates can enroll as full-time or part-time students. The tuition fee per year is EUR 2030. International students pay the whole amount of the yearly tuition fee at the beginning of the academic year.