Finance and credit (4+1) – Old Program

 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Important: This study program is no longer active.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
Study program: Finance and Credit
Bachelor of Economics
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
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
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
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
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
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
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
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:

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.

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