Objectives of the course

In accordance with trends, the basic objective of studying subjects is to enable students to understand basic economic categories, laws and theories, to get acquainted with basic methods of economic analysis, market economy institutions, macro and microeconomic categories, as well as processes in the international market that have taken a major influence on the creation of economic life in national economies. One of the aims of this course is to explain to the students the connection between economics and the legal system, since economic and economic life is shaped by the legal acts of a particular country.

CodeSubject statusSemesterClassesECTS
P-OSE Compulsory I 3+2 6

Acquired knowledge

By gaining basic economic knowledge, students are enabled to examine economic processes and relationships in economic reality and to critically turn to economic and social developments. Future graduates will have the knowledge of the economic categories and the legality of functioning, business and economic development in helping to shape the economic life of the society. As a large number of lawyers are professionally determined for jobs that are not legal, but those that need knowledge in economics, this course will help them build basic economic knowledge that they will, in practice, continue to expand and upgrade. This course will enable students to conduct economic analysis of legal norms, as well as to look at the role of a modern state in an economy that is becoming an increasingly strategic partner to the private sector.

Content of the subject

Includes: concept of the subject Basics of economics, basic microeconomic and macroeconomic issues, linking the institutional economy with microeconomics and macroeconomics, doctrines of economic thought, concepts and elements of the market and prices, macroeconomic and microeconomic aggregates, concept and types of inflation, fundamentals of monetary and credit policy, the fundamentals of fiscal policy, elements of the international economy, the concept of investments, regional development and the international economic position of Bosnia and Herzegovina.


Teaching methods and material mastering

Lectures, exercises, consultations, written examinations (colloquiums) individual student work (seminar and homework, papers, etc.), as well as group participation of students in the study of certain thematic units.

Forms of knowledge assessment

  • Test 1 (0-15 points)
  • Test 2 (0-15 points)
  • Final exam (0-50 points)
  • Seminar(s) (0-10 points)
  • Teaching activities (0-10 points)