Business Economics


Master of Science in Business Economics (English)

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Program Description of MSc in Business Economics

Master of Science in Business Economics is structured in two academic years or 4 semesters. For each individual course attended and successfully completed students are awarded a number of ECTS credits (European Credit Transfer System) and also American credits.

In order to complete the second level of study (Msc) in Business Economics, it is mandatory to enroll in at least 4 academic semesters and successfully achieve 120 ECTS credits. These credits are divided respectively 10 credits in disciplines of basic education, 50 credits in different disciplines of economics (specialized background building program), 10 credits in disciplines like and/or integrated with disciplines of specialized background program, 20 credits in elective subjects including the foreign language, and 30 credits for thesis preparation at the end of the program.

 

Why to study in this program?

Studying in this field, makes you more specialized in the labor market in different way such as; you will be equipped with a strong foundation in Economics; you will be able to understand, describe and use economic theory on a high academic level; you will able to give a more professional interpretations about actual economic phenomena that experience our economy;  you will be able to make cost-benefit-analysis to aid decision-makers solve problems on both the microeconomic and macroeconomic level;

Also, gaining a diploma in Master of Science in Business Economics, gives you an opportunity to attend the third level of study, PhD program, in subjects such as Economics, Finance, Marketing, Management, Low, etc.

 

Where can we work after finishing studies?

At the stage of development that our country is experienced, is increased the demand for skilled economists enormously. There are infinite career opportunities for an MSc in Economics, such as: Consultant – Work in a private company and find solutions to problems like: “Should we invest in tourism or in agriculture?” or “How do we get consumers to buy more of our products?”; Government Official – Work within a ministry and work with problems like: “How do we increase trade with foreign markets?” or “What can we do to increase the level of foreign investment?”; Politician – Many politicians are economists, and the role of a politician is to decide which laws should be implemented to accommodate the proposals from government officials, the public or others; Financial sector – Work in insurance or banking with problems like: “Which asset should we invest in?” or “How do we measure the risk?”; Teaching and research – Become a teacher and/or a researcher – teach young prospective economists and contribute to modern Economic Theory.