PRIVREDNI RAZVOJ

Upon completion of the "Economic Development" course, the student: • Knows and understands the issues and concepts of economic growth and economic development, theories of economic development, goals, indicators, factors and strategies of economic development • Knows and understands the development policy of modern market economies, the development function of key economic policies (monetary, fiscal, foreign trade, environmental, innovation), as well as the system of macroeconomic management and development planning • Possesses knowledge and understanding of the development of the economy of Montenegro through development periods and critically analyzes internal and external limitations of the modern primary development of the country and the region • Applies acquired knowledge from the theory and policy of economic development to the analysis of the development model and development policy in Montenegro • Possesses knowledge and understanding of the process of European economic integration of Montenegro as a framework for conducting development policy; understands the importance of adapting macroeconomic management to the model of supranational coordination of economic policies as it functions in the EU; • Understands the process and reasons for joining the EU and critically approaches the observation of changes in that process in relation to the development performance of the economy (advantages and costs of integration into the EU macrosystem); • Can use professional literature in the field of economic development and European integration, correctly interpret the findings of published research through writing seminars, essays and debates;