Faculty of Economics, Banja Luka

2nd Cycle Studies

Study on the II cycle studies at the Faculty of Economics (academic graduate studies) is organized in five study programs:
1. Finance, Banking and Insurance;
2. Finance and Audit of the Public Sector;
3. International Economics;
4. Business Economics;
5. Actuarial Science.

The study program Finance, Banking and Insurance comprises two modules:
а. Accounting and Auditing;
б. Financial Management, Banking and Insurance;
The study program Finance and Audit of the Public Sector has no specific modules.
The study program International Economics has no specific modules.
The study program Business Economics has a module: Management and Entrepreneurship.
The study program Actuarial Science has no specific modules.

STUDY PROGRAM: FINANCE, BANKING AND INSURANCE
Module: Accounting and Auditing

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Corporate Finance	2	2			7
Advanced Audit	2	2			7
Globalization and Financial Management	2	2			7
Elective Subject	2	2			5
Financial Reporting in the Function of Management			2	2	5
Consolidated and Special Balance Sheets			2	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	6	6	60

Elective Subjects:
- Public Sector Economics (9th or 10th semester)
- Investment in Securities (9th or 10th semester)
- Company Valuation (9th or 10th semester)
- Evaluation of Investment Projects (9th or 10th semester)
- Special Accounting (9th or 10th semester)
- Risk Assessment (9th or 10th semester)
- Quantitative Finance (9th or 10th semester)

STUDY PROGRAM: FINANCE, BANKING AND INSURANCE
Module: Financial Management, Banking and Insurance

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Corporate Finance	2	2			7
Advanced Audit	2	2			7
Globalization and Financial Management	2	2			7
Elective Subject	2	2			5
Bank Management			2	2	5
Insurance Management			2	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	6	6	60

STUDY PROGRAM: FINANCE AND AUDIT OF THE PUBLIC SECTOR

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Financing of the Public Sector	2	2			7
Audit of Financial Statements in the Public Sector	2	2			7
Performance Audit	2	2			7
Elective Subject	2	2			5
Treasury Operations and Advanced Financial Reporting			2	2	5
Internal Audit in the Public Sector			2	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	6	6	60

Elective Subjects:
- Project Management in the Public Sector (9th or 10th semester)
- Audit of Public-Private Partnerships (9th or 10th semester)
- Advanced Audit (9th or 10th semester)
- Public Sector Economics (9th or 10th semester)
- Internal Calculation (9th or 10th semester)
- Consolidated and Special Balance Sheets (10th semester)

STUDY PROGRAM: INTERNATIONAL ECONOMICS

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Theory and Policy of International Trade	2	2			7
Open Economy Macroeconomics	2	2			7
Globalization and Transition Processes	2	2			7
Elective Subject	2	2			5
Integration and Regionalization of the World Economy			2	2	5
International Marketing			2	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	6	6	60

Elective Subjects:
- International Monetary System (9th or 10th semester)
- European Union Law (9th or 10th semester)
- Quality and Competitiveness (9th or 10th semester)
- Managerial Skills (9th or 10th semester)
- International Banking (9th or 10th semester)
- Corporate Governance (9th or 10th semester)

STUDY PROGRAM: BUSINESS ECONOMICS
Module: Management and Entrepreneurship

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Corporate Governance	2	2			7
Entrepreneurial Marketing	2	2			7
Strategic Decision Making	2	2			7
Elective Subject	2	2			5
Management of Entrepreneurial Projects			2	2	5
Managerial Skills			2	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	6	6	60

Elective Subjects:
- Quality and Competitiveness (9th or 10th semester)
- Special Entrepreneurships (9th or 10th semester)
- Financing of Innovative Businesses (9th or 10th semester)
- International Marketing (9th or 10th semester)
- Business Forecasting (9th or 10th semester)
- Strategic Human Resource Management (9th or 10th semester)
- International Project Management (9th or 10th semester)

STUDY PROGRAM: ACTUARIAL SCIENCE

Subject name	Winter semestar		Summer semestar		ECTS
Subject name	L	Е	L	Е	ECTS
Methodology of Scientific Research Paper	2				4
Analysis of Insurance	2	2			7
Financial Mathematics	2	2			7
Actuarial Mathematics	2	2			7
Elective Subject	2	2			5
Advanced Econometrics			2	2	5
Quantitative Finance			3	2	5
Elective Subject			2	2	5
FINAL MASTER PAPER					15
TOTAL	10	8	7	6	60

Elective Subjects:
- Advanced Audit (9th or 10th semester)
- Financial Economics (9th or 10th semester)
- Analysis of Pension and Health Insurance (9th or 10th semester)
- Accounting of Insurance Companies (9th or 10th semester)
- Economic Statistics (9th or 10th semester)

STUDIES