According to the Law of Higher Education of the Republic of Serbia and standards for accreditation regulated by the National Council for Higher Education, certain solutions, different from existing practice, have been implemented into the curriculum, study regime and the whole working activity of the Faculty of Economics.

The work of students is measured by credits (ECTS-European Credit Transfer System).One credit (1ECTS) is worth from 25 to 30 hours of student work (whether we speak of lectures, practice work, individual work at home).During a school year students are obliged to collect 60 ECTS or 30 ECTS per semester.After passing the exams, students collect appropriate number of ECTS independent of the grade.That is, a student with all first year exams passed has a total of 60 ECTS regardless of the grade.

At the Faculty of Economics in Nis, all exams are one-semester exams.They are worth 7 ECTS and comprise 6 classes of lectures and practical work.The exception are foreign languages which have a fund of 2 classes and comprise 2 ECTS.The credits are also awarded for seminar papers, final paper and training.The third of subjects is elective meaning that students create their education according to personal interests.

The final grade is formed according to the total activity of students during a semester.According to Regulations on examination adopted by the Scientific Council of the Faculty of Economics the forming of the grade depends on pre-exam and exam activities that total 100 points.Pre-exam activities comprise the following: lectures, practical work, preliminary exams etc.They comprise the maximum of 50 points (lectures-20, practical work-10 and preliminary exam-the maximum of 20 points).Students must pass exams which are worth 50 points.The grade structure is the following:

The number of ECTS credits defines the maximum of compulsory literature that is used for the preparation of exams.The Regulations on textbooks define the maximum literature extent of 450 pages (according to defined format).The professors are obliged to give a list of exam questions.In order to register for the next school year, self-financing students must collect 37 ECTS.State financed students must collect 54 ECTS in the 2009/2010 academic year.

Within the self-evaluation process at the end of each semester students evaluate the work of professors for a given semester.The evaluation is important for professors as well as for the faculty in the accreditation process.

All the mentioned activities as well as many other are defined by the Standards for Quality Assurance adopted by the Scientific Council of the faculty.The Standards can be found on the Web-site of the faculty.The most important standards are those involving the quality assurance of teaching and learning process, quality assurance of the work of the Department for Academic and Students' Affairs, regulations on examination and the work of the library etc.

Credit system should ensure the mobility of students in Serbia and abroad.Students can complete one or two semesters at another faculty and return to the Faculty of Economics to finish the studies.This way of studying has to be implemented fast because the students of the Faculty of Economics go to France, Italy and Slovenia to study for a semester or two mainly and then come back to complete Master's course for example.

The mobility is supported by the projects realized in cooperation between the Faculty of Economics and other faculties from the country and abroad.

The current TEMPUS projects:

• Master's course reform in cooperation with the faculties from Vienna (Austria), Bratislava (Slovakia), Krakow and Žešov (Poland) and Udine (Italy).
• bilateral Master's programme -International Business Development in cooperation with Ecole Superieure de Commerce de Clermont-Ferrand (France)
• scientific cooperation and exchange of students and professors with the Faculty of Economic from Venice (Italy).

The projects open the possibility for the mobility and professional enhancement of students.