The second study cycle is organized and carried out according to established study programs for certain study departments. The study programs are designed in accordance with the existing orientations and scientific fields that are studied in the first cycle of studies.
The study "Business Management" is intended for those who want to combine analytical knowledge from economics and business with practical knowledge and management skills. The result of this study should be not only future managers but also the so-called business analysts with excellent knowledge of the logic of business processes. This program first provides basic knowledge in economics, business and management, and then provides managerial knowledge and tools in certain areas such as: marketing management, operations management, information management, etc. In addition to the aforementioned knowledge, future managers are educated through quantitative subjects for the use of analytical methods and techniques in modern management.
The study "Accounting and audit management" is intended for those who want to combine analytical knowledge from economics and business with practical knowledge and skills studied in accounting. The result of this study should be not only future accountants but also the so-called business analysts with excellent knowledge of the logic of business processes and analysis of financial reports, which enables them to collect information for making business decisions. This program first provides basic knowledge in economics, business and management, and then provides accounting and auditing knowledge and tools in certain areas such as: internal auditing, financial reporting, cost accounting, etc.
The study "Local Economic Development and Policy" is intended for those who want to acquire the necessary knowledge and professional competences in the creation of development documents of local communities, and independently perform business analyzes and research processes in the private and public sector. Future Masters of Economics after completing the study program "Local Economic Development and Policy" will be able to respond to upcoming challenges in some closely specialized areas of vital interest for the development of local economic policies and management of planning processes of various development projects in the private sector, such as economic analysis, economic research, preparation of strategic documents for sustainable growth and development, i.e. management of processes of development of elements of entrepreneurial infrastructure and implementation of a series of necessary institutional reforms in countries in transition.
The study "Business and Public Finance" is intended for those who want to improve their acquired knowledge and skills in solving specific problems in the field of business and public finance in countries in transition. The study program is structured with the aim of covering several disciplines from the scientific field of finance, such as: banking and financial markets in development, public finance and budgeting, financial planning, analysis and control and models in financial management. After completing the "Business and Public Finance" study program, future masters of economics will be able to perform tasks such as: financial analysis, financial investments, risk management, budget creation and execution, assessment of the effectiveness, efficiency and economy of public financing, assessment of the effects of budget policies, financial management in the public sector, company valuation, investment management and management of business assets and company liabilities.
The main goal of the aforementioned study programs, in addition to the scientific and professional education of the Master of Economics in defined areas, is also oriented towards the continuation of further academic research within the framework of doctoral studies according to the Bologna model (the process of establishing a doctoral study is ongoing).