The Faculty of Economics in Kragujevac, as one of the founders of the University of Kragujevac, has always had a very prominent and active role in the development of higher education and research in the fields of Economics and Management. International projects, as a special segment of the Faculty's activities, have been particularly intensified since 2001. In that period, international projects were conducted for the first time, which gave the opportunity to higher education institutions to take part in various roles: project coordinators, project partners, project grant holders. The most famous funds of the European Union that have supported various aspects of the development and improvement of higher education, as well as mobility of teachers and teaching assistants are: TEMPUS, Erasmus Mundus, Basileus, JoinEU-SEE, WUS, DAAD and others.
The Faculty of Economics was very actively involved in the preparation of project proposals for open calls of EU foundations (above all) for Tempus projects. The Faculty can pride in being engaged in 15 TEMPUS projects so far, taking on different roles. Knowledge and experience of the teachers and teaching assistants of the Faculty of Economics, intensive cooperation with other universities/faculties in the country and abroad enabled the Faculty to be the coordinator of two extremely important international TEMPUS projects, related to the reform of higher education with regard to Bachelor and Master studies in the field of Economics and Management, in line with the Bologna Process:
TEMPUS project in which the University of Kragujevac was both grant holder and project coordinator, and the project manager was professor of the Faculty of Economics:
- JP 145010-2008 – Development of Lifelong Learning Framework in Serbia, project manager: Prof. Verica Babic, PhD.
Furthermore, the Faculty of Economics of the University of Kragujevac has participated in different ways in the following Tempus projects:
TEMPUS projects where grant holders were universities from the European Union, and the University of Kragujevac – Faculty of Economics was the project coordinator:
- JEP CD 19087-2004 – Reorganization of Economics Studies in Serbia, project manager: Prof. Zora Arsovski, PhD;
- JEP CD 41146-2006 Rationalization of the postgraduate studies in Business Management and Economics in Serbia, project manager: Prof. Zora Arsovski, PhD.
TEMPUS projects coordinated by the University of Kragujevac which was also the grant holder and the teachers of the Faculty of Economics were members of the project implementation teams:
- JPHES 510985-2010- Improvement of Students’ Internship in Serbia;
- SMGR 511126-2010 – Enhancing the quality of distance learning at Western Balkan higher education institutions.
TEMPUS project whose grant holder was university from the European Union, the University of Kragujevac was the coordinator of the project, and the teachers of the Faculty of Economics were participants in the project:
- JEP – 16156- 2001 Computer Science Curricula Founding and Upgrading.
TEMPUS projects whose grant holders were universities of the European Union, the University of Kragujevac was project partner, and teaching staff of the Faculty of Economics were members of the project implementation teams:
- JEP CD 16098-2001 – Building of the Network for the Further Development of the Small and Medium Size enterprises in Bosnia and Herzegovina and Yugoslavia;
- JEP CD 17040-2002 – Implementing Quality Assurance in Serbian Universities;
- C032B06-October 2006 – West Balkan Bologna Promoters Network;
- JP 145009-2008 – Conversion Courses for Unemployed University Graduates in Serbia;
- SM 145677-2008 – Internal Quality Assurance at Serbian Universities;
- JP 158999-2009 – Strenghtening Quality Assurance System within Western Balkans HEIs in Support of National and Regional Planning;
- JP 158926 – 2009 – Governance and Management Reform in Higher Education in Serbia;
- SMGR 511332-2010- Strengthening the Student Role in Governance and Management at the Universities of Serbia in line with the Bologna Process;
- JPCR 511366-2010-1-Reforming Foreign Language Studies in Serbia.
On the mentioned Tempus projects, partners from the Republic of Serbia were:
- Faculty of Economics – University of Belgrade and
- Faculty of Economics – the University of Nis,
- Faculty of Economics in Subotica – University of Novi Sad,
- Department of Economics – State University of Novi Pazar.
and partners from the European Union were:
- University of Udine (Italy) – grant holder,
- Aarhus University (Denmark),
- University of Technology and Life Sciences in Bidgoszcz (Poland),
- University of Craiova (Romania),
- University of Maribor (Slovenia),
- University of Vienna (Austria),
- Cracow University of Economics (Poland),
- University for Information Technology and Management in Rzeszow (Poland) and
- Comenius University in Bratislava (Slovakia).
After this very successful period, the Faculty of Economics continues to implement international projects. The new Master study program Financial Management of Public Administration was accredited in 2018, as a result of activities on the Erasmus + project Financial Management, Accounting & Controlling curricula development for capacity building of public administration (Finac), whose partner was the University of Kragujevac, and project coordinator was the University of Belgrade. Moreover, teachers of the Faculty of Economics in Kragujevac participate in the implementation of two more Erasmus+ projects – Advanced Data Analytics in Business (ADA) coordinated by the Faculty of Economics, University of Novi Sad and Implementation of Dual Education in Higher Education in Serbia (DualEdu) whose holder is the Faculty of Economics, University of Belgrade.