I semester
No. Code Courses
Classes (per week) ECTS
 1. Env700 Applied research methods 5+2 12
 2. Econ 750 Entrepreneurship and Small Business Management 5+0 9
 3. Org 730 Operational Management 5+0 10
Total ECTS 30


II semester
Code Subject Classes (per week) ECTS
  Elective course 5
  Elective course 5
Two elective courses are selected from the following list
Econ 730 Innovation and Technology Transfer 6+0
Bus 710 Project Management, Valuation and Monitoring 4+2
Fin 700 Corporate finances 4+2
Bus 740 European Business Law 6+0
Org 720 Marketing Management 4+2
 Fin 700 International Business Environment  4+2
Preparation of master thesis 20
Total ECTS 30


Overall, the number of acquired credits, exams and master’s thesis is 60 ECTS, distributed as follows:

Total ECTS from courses 40
ECTS from master thesis 20
Total ECTS 60
*The study program is accredited by the Board for Accreditation and Evaluation of Higher Education of the Republic of Macedonia, the procedure for obtaining a solution for starting work is in progress.