International Economics
Faculty of Economics and Administrative Sciences

About Department

The International Economics study program provides students with a comprehensive understanding of the global economic environment, emphasizing the dynamics of international trade, finance, and economic policy. The program is designed to equip students with analytical tools and practical skills necessary to assess and respond to the challenges and opportunities arising from globalization. By integrating modern economic theories with real-world applications, students gain insights into how economic forces shape international markets, influence policy decisions, and impact businesses and governments worldwide. Graduates are prepared for diverse careers in international organizations, government agencies, multinational corporations, and financial institutions.

Available Quota: 50 students
Tuition Fee (Balkan): €2000.00/year
Tuition Fee (International): €4000.00/year
Duration: 4/year(s)
ECTs: 240

Social Sciences

Economy

International Economics

General Requirements
  • Candidates with completed secondary education, in accordance with Article 134, paragraph 2
  • All candidates must take an internal exam to assess their knowledge of the English language
  • Candidates who do not achieve a minimum score of 60/100 points need to attend the Preparatory School
  • Consultancy in private sector
  • Consultancy in public sector
  • Consultancy with NGOS

Academic Staff

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Coordinator

Kristina Velichkovska

kristina.velickovska@ibu.edu.mk
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Prof. Dr.

Savica Dimitrieska

savica.dimitrieska@ibu.edu.mk
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Prof. Dr.

Snezana Bilic

sbilic@ibu.edu.mk
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Prof. Dr.

Violeta Madzova

v.madzova@ibu.edu.mk
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Assoc. Prof. Dr.

Andrijana Bojadzievska-Danevska

andrijanab.danevska@ibu.edu.mk
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Assoc. Prof. Dr.

Liza Alili Sulejmani

liza.alili@ibu.edu.mk
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Assoc. Prof. Dr.

Luljeta Sadiku

l.sadiku@ibu.edu.mk
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Asst. Prof. Dr.

Ahmet Lökçe

ahmet.lokce@ibu.edu.mk
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Asst. Prof. Dr.

Artina Bexheti Baftijari

artina.bexheti@ibu.edu.mk
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Asst. Prof. Dr.

Djeneta Telak Durmishi

ceneta.telak@ibu.edu.mk
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Asst. Prof. Dr.

Elena Parnardzieva Stanoevska

elena.parnardzieva@ibu.edu.mk
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Lecturer

Abil Baush

abil.baush1@ibu.edu.mk
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Student Demonstrator

Amela Jusufi

amela.jusufi1@ibu.edu.mk
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Student Demonstrator

Lejla Bilalli

lejla.bilalli1@ibu.edu.mk
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Teaching Assistant

Diellza Bilalli

diellza.ibu@ibu.edu.mk
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Teaching Assistant

Edita Mustafa

edita.mustafaibu@ibu.edu.mk
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Teaching Assistant

Sani Saidi

saidi.sani@ibu.edu.mk

Course Plan

First Year
ENG 101
English Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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IEC 102
Theory of Economics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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PR 101
Communication Skills
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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IEC 101
Principles of Economics
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 1
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POL 101
Sociology
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MK 101.2
Macedonian Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 1
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TUR 101.2
Turkish Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 1
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POL 102.1
Introduction to Politics
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MATH 103
Mathematics for Economics and Business
Semester Spring
Weekly Hours
3 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 1
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ENG 102
English Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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IEC 102
Accounting Principles
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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POL 104.1
Introduction to Law
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MK 102.2
Macedonian Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 1
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TUR 102.2
Turkish Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 1
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Second Year
IEC 201
Microeconomics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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MAN 201
Principles of Management
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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STA 201
Business Statistics
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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IEC 202.2
Introduction to Marketing
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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PR 202
Organizational Communications
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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POL 206.2
International Organization
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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IEC 203
Macroeconomics
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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IEС 204
International Economy
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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IEС 205
Foreign Policy Analysis
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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IEС 206
Introduction to Finance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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MAN 203.2
Financial Management
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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MAN 204.2
Entrepreneurship
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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Third Year
IEC 304.2
International Marketing
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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MAN 205.2
Management of Non- Governmental Organizations
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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IEС301
Theory of Foreign Trade
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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IEС 302
Applied Economics
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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IEС 303
Analysis of Financial Statements
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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MAN 404.2
Financial Markets and Institutions
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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MAN 303
International Management
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Compulsory
Academic Year
Year 3
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MAN 407
Corporate Risk Managment
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Compulsory
Academic Year
Year 3
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IEC 307.2
Public Finance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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IER 399
Internship
Semester Spring
Weekly Hours
0 + 0
ECTS Credits
4.0
Course Type
Compulsory
Academic Year
Year 3
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MAN 408.2
Project Management
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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MAN 302
Strategic Management
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 3
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RMSS 301
Research methods for Social Sciences
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 3
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Fourth Year
IEC 401
International Business
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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MAN 402
Human Resources Management
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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IEC 402
International Transport and Logistics
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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IEC 404.2
International Monetary System
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IEC 403.2
Investments
Semester Spring
Weekly Hours
2 + 2
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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POL 202.2
European Policy
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IEC 406.2
Modern economic systems
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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MAN 405.2
Negotation strategies and techniques
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IEC 407.2
Money laundering
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IEC 499
Project
Semester Spring
Weekly Hours
0 + 10
ECTS Credits
12.0
Course Type
Compulsory
Academic Year
Year 4
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IEC 405
International finance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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