International Economics, Finance and Banking

European Center for Peace and Development - University for Peace established by United Nations (ECPD)

Program Description

International Economics, Finance and Banking

European Center for Peace and Development - University for Peace established by United Nations (ECPD)


The total number of teaching hours is as follows:

  • First semester 145
  • Second semester 145
  • Third semester 155
  • Fourth semester 130
  • Total 575

Teaching includes as follows:

  1. Ex cathedra lectures – 40% of total teaching
  2. Discussions relating to the subjects of teaching – 20% of total teaching
  3. Case studies – 15% of total teaching
  4. Giving an account of the progress and results of research of the students, including a group discussion – 25% of total teaching.

The postgraduate students at the masters level are obliged to report the results of their researches (seminar papers, etc.) in a written form, in the specified/agreed format, concisely, clearly and in full. In order to facilitate the mastering of the skills and techniques of a written and oral presentation of the results of research/paper, special instruction will be provided.


The Organization of Studies

The masters studies are organized in such a way as to ensure (a) high-quality teaching, (b) full mastering of new knowledge, (c) development of the ability to use the acquired knowledge and (d) development of the motives and capacity to learn through the application of the acquired knowledge and to acquire new one upon completion of these studies. In order to attain these teaching aims, coupled with the economical use of all resources, postgraduate studies are conducted according to the following organizational principles:

  1. Students shall meet all admission requirements in full.
  2. Teachers shall satisfy the modern research and teaching criteria in full.
  3. The attendance of classes shall be compulsory; an active participation in the teaching process shall be required and encouraged.
  4. All obligations of the teaching staff and students within the scope of these studies shall be discharged in a timely, creative, high-quality and cooperative manner.
  5. Prior to the beginning of each semester, all necessary literature for studying the contents of teaching in the relevant semester shall be provided. During the teaching days, the students shall have access to the Internet.
  6. All administrative work and services linked to the teaching process shall be performed on time and in a reliable, high-quality and engaging way.

Complete instruction is given in four teaching weeks in each semester. One teaching week lasts six consecutive teaching days – from Monday through Saturday. During one day, instruction lasts seven teaching hours (four teaching hours in the morning and three in the afternoon), except on Saturday, when there are 5 teaching hours in the morning. The rest of the teaching day is used for studying the relevant literature, search through the databases, preparations for an active participation in the teaching process and the like. The total number of teaching hours in one semester, excluding the fourth, is 4 x 40 = 160, increased by the lessons of remedial instruction.

Instruction within these postgraduate studies is provided on a case-to-case basis, i.e. it depends on the specific features of each concrete situation, according to one of the two different schedules of the teaching blocks. One teaching schedule is called weekly teaching blocks and the other monthly teaching blocks.

When instruction is provided according to the weekly teaching blocks schedule, there is one teaching week each month during the semester, i.e. there is a total of 40 teaching hours per month. The intervals between the teaching weeks are used for preparations for examinations and research. The examinations are taken upon completion of instruction in the semester.

When instruction is provided according to the monthly teaching blocks schedule, all instruction anticipated by the curriculum for the semester in question is conducted in the first month of the semester. According to this schedule, instruction lasts four teaching weeks without an interruption, whereby each week has 40 teaching hours. The remaining time in the semester is used for preparations for the examinations, research, and the passing of the examinations.

The postgraduate studies conducted according to the monthly teaching blocks schedule last shorter than the studies based on the weekly teaching blocks schedule, while the total number of teaching hours is the same.

When instruction is provided according to the weekly teaching blocks schedule, the master's studies last a total of 18 calendar months, calculated from the day on which instruction begins and lasts until all students defend their master's thesis.

When instruction is provided according to the monthly teaching blocks schedule, the master's studies last 13 calendar months, calculated from the date on which instruction begins until the completion of the defense of masters theses of all students.

Admission Requirements

For the admission of students to these postgraduate studies, it is necessary to meet the following requirements:

  1. University education.
  2. Inclination towards solving and/or research into the solving of development problems.
  3. Ability to use professional literature in English or one of the official UN languages.
  4. Assuming an obligation to attend classes regularly during all semesters established by the curriculum, as well as an obligation to participate regularly in the entire teaching process.
  5. Assuming an obligation to complete the studies until the end of the anticipated teaching period as specified in the section Weekly and Monthly Teaching Blocks and the Duration of Studies in Part III i.e. all examinations have to be passed, and seminar papers, masters thesis, and specialist papers have to be written and defended.
  6. The signed contract on mutual obligations between the student and the organizer of postgraduate studies.
  7. Available teaching facilities.

Preparatory, Remedial and Ad Hoc Instruction

  1. Preparatory instruction is organized for postgraduate students who need English and/or computer lessons. All instruction will be provided during the first semester.
  2. Remedial instruction is organized for postgraduate students who need lessons in mathematics and/or statistics. Remedial instruction is conducted during the first and second semester.
  3. In order to satisfy the curiosity of the students, ad hoc instruction will be provided during the second and third semester. It is organized in the form of invitational lectures on the topics agreed in advance, which last 2-3 hours. The contents of invitational lectures are complementary with the contents of lectures in the specified subjects, or on some of the topical issues which deserve academic attention.
  4. During the second semester, compulsory lectures on the skills and techniques of an oral, written, computer-assisted and multimedia presentation are held.

Academic Title

The postgraduate student has successfully completed his postgraduate studies if (a) he passes all examinations, (b) shows the ability to apply scientific methods and systematized, proven skills and techniques in solving the real problems – which is confirmed by the quality of seminar papers and their presentation and defence, and (c) demonstrates an adequate skill in critical analysis of the problem and sufficient creativity in finding the solution to a problem, and (d) successfully prepares, presents and defends a masters thesis.

Upon successful completion of these postgraduate studies, the student acquires the academic title of the Master of Science, for which a diploma is awarded. It should be noted that this diploma is valid in all UN member countries.

The Efficiency and Effectiveness of Studies

These postgraduate studies are organized according to the effectiveness and efficiency criteria. The efficiency criterion anticipates the acquisition of new, yet necessary, knowledge and skills for a scientifically based analysis, understanding and solving problems. Knowledge and skills acquired at these studies guarantee the international competence of Masters of Science in the fields that have been taught.

The efficiency criterion involves the timely implementation of all parts of the teaching and research process within these studies. In giving instruction within the scope of postgraduate studies, attention is devoted to rational organization, observance of the beginning and completion dates of all activities, both by teaching staff and postgraduate students in an attempt to ensure that all students complete successfully their studies within schedule.

The Management of Studies

Executive management of postgraduate studies is entrusted to the Director of Studies, who has all authorizations and responsibility to ensure the quality, effectiveness, and efficiency of the overall teaching process.

The coordination of instruction, research, elaboration, review, and evaluation of masters thesis, equalization and observance of the evaluation criteria, application of the proper teaching methods and the like are performed by the ECPD Scientific and Educational Board, comprising all teachers and chaired by the Director of Studies.

The organization of all technical, administrative, service and other activities, which are necessary for a thoughtful, timely and efficient conduct of postgraduate studies, is entrusted to the Organization and Administrative Officer.

Tuition Fees

The tuition fee for masters studies is fixed in euro and payable in foreign currency (USD, EUR). The tuition fee for one semester is EUR 1,950 and has to be paid at the beginning of the semester. The money will not be given back if the student discontinues his/her studies.

The registration of the master's thesis amounts to EUR 850, while its evaluation and defense amount to EUR 1,250.

Co-director of the Program of Masters studies is Prof. Dr. Tihomir Domazet, University of Zagreb, Croatia, while Prof. Dr. Sinichi Ichimura, President of ISCEAD, Japan is the President of the Program Council.

The programme will be realized with participation of leading professors from Japan, USA, Great Britain, France, Germany, Belgium, Austria, Italy, Sweden, and Greece.

This school offers programs in:
  • English

Last updated February 8, 2018
Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2018
2 years
Part time
1,950 EUR
Serbia - Belgrade
Start date: Oct. 2018
Application deadline Request Info
End date Request Info
Oct. 2018
Serbia - Belgrade
Application deadline Request Info
End date Request Info
- per semester