Objectives of the study program Economics and Business Management

The objectives of the Economics and Business Management study program, at the level of undergraduate academic studies, are focused on the education of experts whose competencies will be general knowledge with a broad and versatile insight into practical tasks within the framework of economics and business management. The student should be able to recognize, formulate and analyze problems in the field of economics and business management, which means that the student must develop an analytical and creative approach to solving practical and theoretical problems. This general objective and orientation of the program are gradually and hierarchically realized depending on the elective module, cycle and level of education. On the other hand, the objective of the program is to provide students with the necessary competencies to perform economic and analytical work in companies, institutions, profit and non-profit organizations, both domestically and internationally.

The study program provides students with the acquisition of basic theoretical and practical knowledge in the areas of: economic analysis at the macroeconomic and microeconomic level of economic policy, economic theory (modern economic theories, methodological procedures of economic analysis), macroeconomics (macroeconomic aggregates, macroeconomic models, macroeconomic analysis, economic growth and development), microeconomics (functioning of labor, goods and capital markets, formation of prices in market structures, business behavior of companies, financial institutions, etc.), economic policy and economic system (institutions of market economy, instruments and methods for creating economic policy, the influence of various economic system mechanisms and institutions on economic development), acquiring knowledge and skills in the field of strategic management; acquisition of basic knowledge in the field of marketing as a market-oriented business philosophy (understanding of the concept and strategy of modern research, creation, planning, monitoring and control of market success based on the principle of the business philosophy of marketing); acquisition of basic knowledge in the field of management (understanding, analysis and solving current problems in managerial practice; application of various tools and techniques of effective management, understanding of concepts, techniques and tools used in planning, organizing, leading and controlling international business processes; understanding the impact of global, legal, sociocultural, ecological and ethical influences of the international environment on the company's operations); acquisition of theoretical and practical knowledge in the field of accounting and auditing (application of accounting and auditing methods, techniques and procedures in business practice; mastering the techniques of functioning of the accounting system, mastering accounting methods for the realization of business combinations, consolidation methods, analysis of financial reports, techniques, creation of a business plan , application of auditing methods and procedures for analyzing the functioning of the internal control system; expanding knowledge in the field of accounting systems of a specific nature such as accounting in trade, tourism, banking, insurance companies), acquiring knowledge in the field of tourism and hotel management.

By attending the study program, the student acquires knowledge and skills in the field of economics and business management, which should make him capable of working individually, as well as in a team, to solve specific problems in the aforementioned field. After the end of the first cycle, the student can decide to build a career through the acquisition of concrete business experience, as well as to continue his studies at master academic studies.

Within the Quality Assurance Strategy, the Faculty of Economics of the University of Kragujevac has defined basic tasks and objectives, with which the objectives of the Economics and Business Management study program are fully aligned.

Undergraduate academic studies in Economics and business management in English language

The Faculty organizes teachings for undergraduate study programme in Economics and business management in both Serbian and English language. The groups are separated, although they both follow the same curriculum. The study program lasts four years (8 semesters), and cosists of 240ECTS in the field of humanities, resulting in a Bachelor of Economics degree.

The objective of the study program is the education and training of experts for jobs that require basic knowledge in the field of economics. The outcome of the learning process is in accordance with the law that establishes the national qualification framework so that the graduate student possesses academic and professional knowledge related to theories, principles and processes including evaluation, critical understanding and application in the field of economics and business management. In this way, a graduated student will be able to solve complex problems in non-standard conditions, apply successful communication skills in interaction and cooperation with others from different social groups, as well as use equipment, instruments and devices that are relevant to the mentioned field.

There are seven modules within the study program: Economic Policy and Development; International Economy and Business; Finance, Banking and Insurance; Management; Marketing; Tourism and Hospitality and Accounting and Business Finance. The choice of modules is made after the first year of study.

Enrollment of candidates is done on the basis of a competition announced by the University of Kragujevac and conducted by the Faculty of Economics. The conditions for enrolling in the study program and other most important elements of the study program and the study regime are prescribed by the Statute, the Rulebook on the Faculty's study rules and the Rulebook on student enrollment in the study program of the University of Kragujevac. Students should carefully analyze requirements for enrolling study program in English language.

Active teaching is realized through lectures, exercises, consultations, mentoring. It is realized through constant contact of students with teachers and associates. Lectures, exercises and consultations are held every week of the semester according to the schedule.

The purpose of the study programme Economics and Business Management

The purpose of the Economics and Business Management study program, at the level of undergraduate academic studies (Bachelor studies), is to profile knowledge and competence in the domain of economic policy and development, international economy, marketing, management, tourism and hotel management, accounting and business finance, finance, banking and insurance. The emphasis is on combining and harmonizing macro and micro approaches, combining and harmonizing comparative, international, national, sectoral, branch and business approaches to the study of modern economic disciplines, topics and problems.

The Economics and Business Management study program follows dynamic changes in the environment, meeting the needs for new competencies, knowledge and skills required for economist graduates, in order to successfully perform work in companies, financial institutions, the public sector and other profit and non-profit organizations.

The program continuously monitors modern achievements in the field of quantitative and qualitative microeconomic and macroeconomic analysis. The modern teaching program provides the education of economists, experts in planning and analysis of complex economic systems, financial experts, experts in economic policy at the level of individual economic branches (industry, agriculture, finance, etc.), trains them for international finance, for consulting jobs, for work in both private companies and public companies, as well as for their own entrepreneurial ventures.

The purpose of the study program is to prepare students for complex economic practice according to internationally recognized standards, as well as for further education and professional development. In addition to the creation of competent educational profiles, in accordance with the requirements of the labor market, the purpose of this study program is to prepare students for further training in master and doctoral academic studies in the field of economics and business management.