Minimal elements of qualifications standard


1.1 Title(s) of the qualification (Generic + Subject specific)

  • The Bachelor of Economics, Subject area: Management
  • 2 Minimal volume
  • 180 ECTS


1.3 Level

  • QF-BiH: 6


1.4 Entry routes

  • Completed four years of high school (in accordance with the legal regulations)


2.1 Overall learning outcomes

  • Be able to work independently and in a team, in both national and international context;
  • Be able to identify, establish and resolve concrete organization-related problems;
  • Be able to systematically collect, process and analyse data from various sources by applying modern information technologies;
  • Be able to apply the obtained managerial knowledge and skills in practice i.e. in the profit, non-profit and public sectors;
  • Be able to create and implement business policies in an organization;
  • Have the capacities to generate new business ideas;
  • Be able to apply quantitative methods and models in business decision-making.

* NOTE: The learning outcomes should be further divided into categories of knowledge, skills and competencies.


2.2 Learning outcomes

(Groups of learning outcomes; Minimal ECTS; List of learning outcomes)

  • Management; min. 30 ECTS
    • Explain and critically analyse the theory and practice of organisation, management, and entrepreneurship
    • Analyse, plan, manage the human resources, manage the organisation, supervise and evaluate the achieved business goals
    • Analyse the interior and exterior environment, recognize one’s own potential, formulate and implement an adequate strategy of the company
    • Identify and analyse the business problems within the organisation and offer and implement the solution
    • Identify the need for education and development of human resources and implement the adequate plans and programmes
    • Critically evaluate the ethical and social responsibility of the management and organisation in business operations
  • Economic theory and policy; min. 15 ECTS
    • Describe and analyse the basic factors that affect the changes in supply and demand
    • Identify and analyse the specifics of various market structures
    • Apply the microeconomic techniques while analyzing the problem at the level of the company, consumer, and industry
    • Describe and explain the basic macroeconomic aggregates
    • Recognize the current and foresee the potential influences of the economic policy to the macroeconomic tendencies in the national economy and the consequences thereof in terms of business operations
  • Marketing, min. 6 ECTS
    • Recognize and solve simple problems in the field of marketing
    • Apply the key skills and techniques to market research.
    • Identify and critically analyse the elements of the marketing mix
    • Create a marketing plan
    • Identify and apply marketing strategies in special areas
  • International economy, min. 5 ECTS
    • Analyse international economic tendencies in the global economy
    • Describe and explain the significance and the role of international economic and financial institutions
    • Identify and apply the trade policy instruments
  • Quantitative economy, min. 15 ECTS
    • Gathering of primary and secondary data relevant for the business decision-making process, through the use of adequate statistical methods, process such data and interpret the results of the processing.
    • Selecting and using of adequate statistical methods and models for solving of practical problems and monitoring of business events.
    • Application of acquired mathematical knowledge in solving of real problems of the decision-making process.
    • Identifying and applying of adequate quantitative methods and models aiming to analyse and solve the business problems and reach business decisions in real situations.
    • Identifying and using of adequate software for support to the business decision-making.
  • Finance and financial policy, min. 15 ECTS
    • Describe and explain the structure, functioning, and regulation of financial markets and institutions
    • Evaluate the influence of monetary policy instruments on the economy
    • Recognizing the current and foreseeing the potential influence of fiscal policy instruments on the economy and business operations
    • Evaluate the risk and cost effectiveness of the investment
  • Accounting, min. 8 ECTS
    • Record the business events in accounting
    • Identify and critically analyse the influence of business events on the financial situation and the successfulness of the organisation’s business operations
    • Draft and analyse the basic financial reports
  • Digital economy, min. 8 ECTS
    • Apply information technologies in business operations.
    • Select and use adequate software in business operations
  • Other (business law and foreign languages), min. 10 ECTS
    • Explain different legal forms of organisation of legal entities and the basics of business law. Applying of basic professional terminology for economists in foreign language.
  • Specialized practice, min. 2 ECTS
    • Relating and applying the acquired theoretical and practical knowledge
  • Diploma paper, min. 6 ECTS
    • Explore and analyse the relevant literature falling within the scope of research
    • Apply adequate methodology during research and writing of the paper
    • Apply the acquired theoretical and practical knowledge to solving of specific problems
    • Present and interpret the results of the research


3.1 Labour market

  • A broad spectrum of occupations in:
    • the private sector (e.g. sales officer or sales manager, procurement manager, etc.)
    • the public sector (e.g. civil servant, clerk, expert assistant, head of the department, head of the sector, head of the unit and other jobs)
    • Non-profit sector (e.g. project manager, advisor, officer, executive director and other jobs)


3.2 Further education

  • Further education in the second study cycle in economics and other fields of study


3.3 Other needs


4.1 Expert Group Members

  • dr. Vaso Arsenović, University Slobomir P
  • dr. Saša Tomić, University Slobomir P
  • dr. Anita Duraković, University Džemal Bijedić
  • dr. Azra Bajramović, University Džemal Bijedić
  • Dajana Radović , University of East Sarajevo
  • dr. Mladen Rebić, University of East Sarajevo
  • dr. Nermin Oruć, International University of Sarajevo
  • dr.Zdenko Klepić, University of Mostar
  • Josipa Grbavac, University of Mostar
  • dr. Jasmin Halebić, University of Zenica
  • dr. Petković Saša, University of Banja Luka
  • dr. Jelena Poljašević, University of Banja Luka
  • dr. Sabina Đonlagić, University of Tuzla
  • dr.sc. Jasmina Okičić, University of Tuzla
  • dr. Jasmina Selimović, University of Sarajevo


4.2 Proponent of the qualifications standard and the date


4.3 The competent institution(s) and the link to the Sector Council expert opinion


4.4 The date of entry into the web-portal


4.5 The deadline by which the OS should be reviewed