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Financial management programme

Head of chair: Prof. Goran Petreski, PhD

Secretary of chair: Prof. Suzana Makreshanska Mladenovska, PhD

1. Knowledge and understandings

The specialized knowledge in field of finances and banking will enable the students to:

  • understand the institutional structure of the financial markets, the characteristics of financial instruments (shares, bonds, deposits, loans, financial derivatives etc.) as well as the functioning of financial institutions (banks, insurance companies, pension funds, investment funds etc.).
  • understand the basic principles of finance, the essence of modern portfolio theory as well as the principles of valuation of the basic classes of financial instruments – shares and bonds.
  • understand the most important lending, funds-raising and trading activities of commercial banks, to adopt the modern methods of asset and liability management as well as to solve practical problems in the field of commercial banking.
  • discuss the modern achievements in monetary theory, the process of monetary creation, monetary policy instruments, and the influence of monetary policy on nominal and real variables.
  • recognize and critically evaluate the basic issues in international finance, such as: exchange rate determination, the mechanics of exchange rate markets, the main components of balance of payments, the key international financial institutions and financing international trade.
  • understand modern tax systems, the features of different public revenues (taxes, tariffs, social contributions etc.), and the budget process; also, they should be able to analyze the effects of fiscal policy on various economic variables.

2. Implementing the knowledge and understandings

After graduating from this department, the students should be qualified to work as:

  • financial managers in non-financial companies
  • managers in banks and other financial institutions;
  • consultants in the area of taxation and public finance (tax consultants, finance inspectors), as well as being engaged in the domain of insurance and customs problems;
  • financial staff in public institutions (state administration, funds, the Government, ministries, the Inland Revenue, institutions of payment operations etc.);
  • financial markets professionals  (stock exchanges, investment firms etc.);
  • researches in private and public academic institutions (universities, institutes, and other scientific-educational institutions).

3. Ability for assessment

·   Students demonstrate skills for collecting, analyzing and interpretation of financial information for both national and global economy.

·   Students have capabilities for applying contemporary theories in conceptualizing and solving practical problems in finance and banking.

·   Students are able to use quantitative tools for analyzing the phenomena in financial markets, banking, and macroeconomy.

4. Communication skills

·   Students show ability to communicate with other participants in group decision-making.

·   Students show ability for independent participation in specific interdisciplinary discussions. They are able to give critical and objective arguments on a wide array of real-world financial matters.

5. Skills of learning

·   Students demonstrate skills for learning – concentration, reading, listening, and efficient presentation of the results.

·   Students demonstrate skills for critical and creative thinking, for generating new ideas.

First year compulsory courses
NoCodeCourse titleClasesECTS
Winter semester:
1ECN 110Principle of Economics6+08
2MST 110Mathematics for Business4+28
3АCC 110Principles of Accounting4+28
Summer semester:
4MST 120Statistics for Business and Economy4+28
Second year compulsory courses
Winter semester:
1ACC 210Financial Accounting6+08
2ECN 210Macroeconomics6+08
3FIN 230Public Finance6+08
Summer semester:
4FIN 210Financial Markets and Institutions6+08
5FIN 220Monetary economics6+08
Third year compulsory courses
Winter semester:
1MGT 390Financial Management6+08
2FIN 310International Finance6+08
3FIN 330Personal Finance6+08
Summer semester:
4FIN 340Management of Financial Institutions6+08
5FIN 320Banking6+08
Fourth year compulsory courses
Winter semester:
1INT 430Monetary and Fiscal Policy in the EU6+08
2FIN 410Bank management6+08
3MST 320Quantitative Methods in Finance4+28
Summer semester:
4FIN 420Securities and Portfolio Management6+08
5FIN 430Local finance6+0 

WINTER SEMESTER

SUMMER SEMESTER

70 години

Во 2020 Економскиот факултет при Универзитетот “Св. Кирил и Методиј” во Скопје слави 70 години од своето основање.