The third generation of students
The list of students enrolled in SUFIN module can be downloaded here.
Guest lecture
Course schedule
You can access the course schedule at Sufin MOODLE platform.
About Module
This module will offer variety of teaching and research activities that will promote EU studies at the University of Niš, while actively supporting young teachers and researchers in their professional development.
Mission of the module
To integrate the University of Niš into the European higher education area in accordance with the highest quality standards of education, research and professional work.
Aim of the module
To stimulate high quality teaching, research and reflection activities in the field of European Studies based on three milestones: interdisciplinary approach, internationalization, and innovative teaching methodologies.
Vision of the module
To promote excellence in teaching and research in European Studies according to EU standards and equipping students and professionals with knowledge of EU subjects relevant for their academic and professional life.
Courses
The proposed module comprises 8 courses and students' seminar that will be delivered within 85 teaching hours per one academic year and it is expected that approximately 20 students participate in these courses. After successfully completing all module courses, students receive Certificate from the University of Niš on the completed SUFIN module, which is a legitimate document and verifies additional knowledge of candidates.
European Union (EU) history and institutions
The lectures aim is to lay the theoretical foundation for a broad interdisciplinary approach to European integration explaining characteristics and mechanism of the EU functioning with a special emphasis on the EU enlargement process in the future.
This course will provide students with the knowledge about the institutional structure and process of decision-making in the EU as well as information on the effects of forming custom union, operating of the EU common market and the introduction of single currency.
Professor in charge: Prof. Ksenija Dencic-Mihajlov, PhD
Sustainable reporting in the EU: regulatory requirements, implementation and challenges
The lectures will provide students with the importance and benefits of sustainability reporting, the regulation of such a kind of reporting as well as the content and purpose of different sustainability reporting frameworks.
The aim of this course is to enhance knowledge and awareness of issues related to sustainability control realization, especially in application and understanding of sustainability performance indicators.
Professor in charge: Prof. Ksenija Dencic-Mihajlov, PhD and Maja Stojanovic-Blab, PhD
European strategy and principles of sustainable finance
The lectures lay the theoretical foundation in sustainability issues affecting the various sectors of corporate finance, and an understanding of how integrating sustainability principles and practices into finance can be implemented...
with aim to make financing decisions more efficient and effective, to reduce risks and create business opportunities that provide and maintain competitive advantage, for both companies and financial institutions. The students should enhance knowledge and skills to conduct capital structure analysis, stocks and bonds valuation and understand the interaction between sustainability and financial performance of firms and the importance of socially responsible investing.
Professor in charge: Prof. Ksenija Dencic-Mihajlov, PhD and Asst. Prof. Jelena Stankovic, PhD
Sustainability and project evaluation
The main objective of this course is to discuss project evaluation in a context where sustainability and accountability are crucial.
This lecture will focus on the recent developments in EU polices and methodology for cost benefit analysis and international best practice. The aim is to enhance knowledge on the key elements of project evaluation in sustainability context, such as long-term view, global (and local) perspective, economic development and environmental degradation and stakeholders’ participation. At the end of the course students will be able to develop a model of sustainable analysis to evaluate an investment project of their choice.
Professor in charge: Prof. Ksenija Dencic-Mihajlov, PhD
Environmental Cost Management
The main objective of this course is to provide students with advanced knowledge and skills related to application of Environmental Management Accounting as an environmental management tool.
Students will be introduced to different ways to categorize costs, such as conventional costs, hidden environmental costs, contingent costs, image and relationship costs, explicit and implicit environmental cost, internal and external environmental cost, social environmental costs etc. Upon completing the course students will be able to make decisions in the field of process improvement and innovation, product redesign, capital investments, waste disposal and recycling, supplier selection, etc.
Professor in charge: Prof. Dejan Malinic, PhD
Managing Sustainable Growth
The course provides a sound basis for understanding the importance of managing sustainable growth for the firm’s continuous operation.
Upon completion of this course students will be able to understand key components of sustainable growth, measure value creation, comprehend when and why growth does not lead to value creation, identify the drivers of value creation and recognise problems related to financing sustainable growth. Moreover, students will develop the skills to build reliable and unbiased forecasts for firm’s future earnings, cash flow and dividends that can be used in model valuation, creating sustainable growth strategy and other strategic decision making.
Professor in charge: Prof. Dejan Malinic, PhD
Sustainability Risk Management
The course aims to provide students with an advanced integrated knowledge on the risk management under sustainability platform as well as necessary skills to implement sustainability concept in enterprise risk management frameworks and financial institutions.
Upon completion of this course students will be able to identify emerging environmental, social and government risks; evaluate, quantify and prioritize entities’ risk; and select appropriate risk management strategies. The study of the broader concept of risk management, which is based not only on avoiding and risk transfer, but also the use of risk as new opportunities enables the acquisition of knowledge to manage risk in a way that contributes to creating value of entities.
Professor in charge: Prof. Evica Petrovic, PhD; Assoc. Prof. Klime Poposki, PhD and Asst. Prof. Jelena Stankovic, PhD
Principles of sustainable insurance
This course aims to enhance knowledge and awareness among students on importance of the role of insurance in achieving of sustainability of financial system and society as a whole.
Upon completion of this course students will understand the importance and benefits of implementation of the principles for sustainable insurance, content of the framework for its implementation as well as experiences of different regulators. The students will enhance the knowledge on the role of EU institutions and policies in creating sustainable insurance industry and perceive the regulatory and institutional issues in different financial systems.
Professor in charge: Prof. Evica Petrovic, PhD; Assoc. Prof. Klime Poposki, PhD and Asst. Prof. Jelena Stankovic, PhD
Students’ seminar on sustainability issues in finance and insurance
The aim of the seminar is to improve students’ learning and encourage students’ active participation in research and discussions on various issues related to sustainability of finance and insurance.
According to their interest, students will choose the topic and prepare presentations with critical overview of the topic and possible solutions for the acknowledged problems. Students are strongly encouraged to work in groups and use multidisciplinary approach in their research.
Professor in charge: Prof. Ksenija Dencic-Mihajlov, PhD; Asst. Prof. Jelena Stankovic, PhD; Prof. Evica Petrovic, PhD and Prof. Dejan Malinic, PhD
Roundtable Discussion
June 1st, 2022 Niš, Serbia
We are pleased to invite you to take active part in the Roundtable Discussion Sustainability and non-financial reporting - current trends and future perspectives.
This roundtable discussion will bring together academics, business people and policymakers to discuss recent research on a practice on sustainability and non-financial reporting in different countries, share experience and ideas on future perspectives.
This event will be organized online, through Zoom platform (Meeting ID: 950 1489 3310 Passcode: sufin), and the participation is free of charge.
Roundtable Discussion - Invitation Join Zoom MeetingNews
Latest news and events
14-oct-2022 Celebrating Success: European Studies at the University of Niš
The University of Niš will organize the presentation of European Studies at the University of Nis developed under the framework of the Erasmus+ programme – Jean Monnet Modules. At the event, four Jean Monnet modules will be presented and a certificate award ceremony will be organized. Agenda
15-Jun-2022 Study visit to the company E-reciklaža 2010
Participants of the SUFIN module and all interested students of the University of Niš will have the opportunity to visit the company E-reciklaža 2010 d.o.o. Niš and learn about the company's business process and the contribution of recycling industry in Serbia to sustainable development. Interested students can apply via email to the email address sufin@junis.ni.ac.rs until Monday, June 13, 2022, at 3:00 p.m. more... Agenda
15-Apr-2022 Guest lecture - Miloš Bajčetić, Erste Bank A.D. Novi Sad
Mr. Miloš Bajčetić, President of the CFA Society Serbia, will present the activities of financial institutions in the field of financing sustainable business on April 15, 2022 at 4.30 pm via the zoom platform Meeting ID: 955 9518 5193, Passcodе: 781721 more... Agenda
21-Dec-2021 The third generation of students
The list of students enrolled in SUFIN module can be downloaded here.
15-oct-2021 Celebrating Erasmus Days: Successful and Proud Academic Tradition of European Studies at the University of Niš
The University of Niš will feature a presentation on the ongoing projects supported by the Erasmus+ programme and disseminate the good practice examples of Erasmus+ beneficiaries and students taking part in the Programme. Students who successfully completed the Jean Monnet course “Sustainable Finance and Insurance: EU Principles, Practices and Challenges (SUFIN)”; Jean Monnet Course “ЕU Water Policy and Innovative Solutions in Water Resources Management (INNOWAT)“ and „Jean Monnet Module for European Monetary Law (MONELA)”, will be awarded certificates by the vice-rector of the University of Niš. Agenda
22-Apr-2021 Guest lecture - Goran Gavrilović, Dunav osiguranje A.D.O. Belgrade
Mr. Goran Gavrilović, Director of the Main Branch of Dunav A.D.O. Belgrade insurance company in Niš, will present the role of insurance company Dunav A.D.O. Belgrade in the sustainable development of Serbian economy and society. The lecture will be held on April 22nd, 2021 via the Moodle platform. Instructions for accessing the lecture can be downloaded here. Agenda
19-Mar-2021 Study visit to the company Johnson Electric
For the participants of the SUFIN module and all interested students of the University of Niš a virtual tour of the company Johnson Electric d.o.o. Niš is organized. Company representatives will present the challenges of the company's sustainable business to interested participants via the Moodle platform. Agenda
03-Dec-2020 The second generation of students
The list of students enrolled in SUFIN module can be downloaded here.
16-oct-2020 Celebrating Success: European Studies at the University of Niš
On October 16, 2020 at the Conference Hall of the University of Niš the ongoing projects supported by the Erasmus+ programme will be presented. The Erasmus+ beneficiaries and students taking part in the Programme will share their experiences and good practice examples. Students who have successfully completed the European Study programs offered by the University of Niš will be awarded the certificates. Agenda
03-mar-2020 Your KPMG project
KPMG organizes a two-month program “Your KPMG Project” aimed at final year students and college graduates.
25-Feb-2020 Guest lecture - Danko Kalkan, ProCredit Bank AD Belgrade
Mr. Danko Kalkan, Green Finance and Environmental Management Unit Coordinator of ProCredit Bank AD, Belgrade, will present the green financing in the environmental protection management system at ProCredit Bank AD, Belgrade on February 25th, 2020. The lecture will be held in room no. 13 of the Faculty of Economics in Niš and is open to all interested students. Agenda
29-Jan-2020 Study visit to the company LEONI
Participants of the SUFIN module, as well as all interested students of the University of Niš, will have the opportunity to visit the company LEONI Wiring Systems Southeast d.o.o. Prokuplje, BMW Production Unit in Niš, and learn about the company's operations and the principles of project evaluation in the context of sustainable development. Interested students can apply by email to the email address jelenas@eknfak.ni.ac.rs until Monday, January 20, 2020. more... Agenda
03-Dec-2019 The first generation of students
The list of students enrolled in SUFIN module can be downloaded here.
25-Nov-2019 Sufin MOODLE platform
We invite all students to open their account on the Sufin MOODLE platform and join courses.
25-Nov-2019 Course schedule
You can access the course schedule at Sufin MOODLE platform.
23-Nov-2019 Application 2019/2020
The first generation of students successfully applied for the module.
Our Activites
- Courses 2019/20
- Courses 2020/21
- Courses 2021/22
- Newsletter
- Visits
- Lectures
- Publications
- All
Course 1
EU history and institutions
Course 2
Sustainable reporting in the EU
Newsletter No.1
Issue 1, December 2019
Course 3
European strategy and principles
Course 4
Sustainability and project evaluation
E-reciklaža 2010
Study visit to the company
Johnson Electric
Study visit to the company
LEONI Wiring System
Study visit to the company
Course 5
Environmental Cost Management
Guest lecture
Miloš Bajčetić, Erste Bank
Guest lecture
Goran Gavrilović, Dunav osiguranje
Guest lecture
Danko Kalkan, ProCredit Bank
Course 6
Managing Sustainable Growth
Course 7
Sustainability Risk Management
Course 8
Principles of sustainable insurance
Students’ seminar
Sustainability issues in finance and insurance
Newsletter No.2
Issue 2, June 2020
Certificate Award Ceremony
University of Niš
Newsletter No.3
Issue 3, December 2020
Newsletter No.4
Issue 4, June 2021
Newsletter No.5
Issue 5, December 2021
Newsletter No.6
Issue 6, June 2022
2020/21 - Course 1
EU history and institutions
2020/21 - Course 2
Sustainable reporting in the EU
2020/21 - Course 3
European strategy and principles
2020/21 - Course 4
Sustainability and project evaluation
2020/21 - Course 5
Environmental Cost Management
2020/21 - Course 6
Managing Sustainable Growth
2020/21 - Course 7
Sustainability Risk Management
2020/21 - Course 8
Principles of sustainable insurance
2020/21 - Course 9
Students' seminar
Celebrating Erasmus Days
Certificate Award Ceremony 2020/21
2021/22 - Course 1
EU history and institutions
2021/22 - Course 2
Sustainable reporting in the EU
2021/22 - Course 3
European strategy and principles
2021/22 - Course 4
Sustainability and project evaluation
2021/22 - Course 5
Environmental Cost Management
2021/22 - Course 6
Managing Sustainable Growth
2021/22 - Course 7
Sustainability Risk Management
2021/22 - Course 8
Principles of sustainable insurance
2021/22 - Course 9
Students' seminar
Celebrating Erasmus Days
Certificate Award Ceremony 2021/22
Facta Universitatis
Vol.18, No 4, Special Issue 2021
Facta Universitatis
Sustainability risk management in the digital economy
Economic Analysis
Socio-economic Impact of Natural Disasters in the Republic of Serbia
ISC SM2020, Subotica
Evaluation of volume and quality of social performance indicators
Facta Universitatis
Effects of applying different risk measures on the optimal portfolio
Economic Archive
Digitalization and sustainability
Economic Themes
Two-phase exponential model of wealth distribution
Themes
The relevance of social performance disclosure
Facta Universitatis
Flood risk vulnerability visualization for sustainable risk management
Monografija
Upravljanje rizicima u finansijama i osiguranju
Team
The lecturers at the Module are professors of the Faculty of Economics - University of Niš, Faculty of Economics - University of Belgrade, Faculty of Tourism and Hospitality - University of Bitola, as well as experts in accounting and auditing.
Jelena Stanković
Assistant professor
Evica Petrović
Full professor
Ksenija Denčić Mihajlov
Full professor
Dejan Malinić
Full professor
Klime Poposki
Associate professor
Maja Stojanović-Blab
Internal auditor
Jovica Stanković
Assistant professorТestimonials
Jovana Milenović
PhD student at the Faculty of Economics, University of Niš
As a student of the Faculty of Economics and participant of the module "Sustainable finance and insurance: EU principles, practices and challenges", I got the opportunity to transfer my experience on the module to future participants. I would start with the thought of the philosopher Lao Tzu, which especially made me think about learning and improvement: "Learning is like rowing upstream – not to advance is to drop back". In the words of Aristotle: "Through upbringing and education, everyone should be trained not only to do what is necessary and useful, but also to know and appreciate what is beautiful". The above sentences represent my guidance in education and the vision of my future work. Therefore, it is necessary to continuously improve and acquire new knowledge and skills from different fields. This is exactly the reason why I chose to be a student of this module and I was not wrong in the slightest. The module is organized through lectures, workshops, company visits and dynamic interactions between students and professors. As much as I enjoyed it, I had no idea that the module lasted 85 hours. The completed module brought me new skills and encouraged me to do research in the field of sustainable finance. Although I successfully completed the module, due to the excellent impression and organization, I continued to be a participant in the future activities. My warm recommendation to perspective participants is to choose the module without thinking, because after its completion, they will be richer in new friendships, quality lectures, communication and presentation skills and knowledge. Good luck!
Petar Damnjanović
Master's student at the Faculty of Economics, University of Niš
During the module, I completed the knowledge acquired at the faculty and became interested in continuing the research. The module covered interesting and current topics about sustainable development, "green" trends, risks and practices of the European Union. After each lecture, it was possible to check the understanding of the content, and the professors were always available for additional questions and clarifications. With the other participants, I often worked in teams and on practical examples, which I would point out as a great advantage. The module helped me in my professional and personal development. I plan to use the acquired knowledge in my further education.
Miloš Ilić
Master's student at the Faculty of Economics and the Faculty of Mechanical Engineering, University of Niš
My name is Miloš Ilić and I am a Master's student at the Faculty of Economics and the Faculty of Mechanical Engineering, University of Niš. Last year I participated in the SUFIN module. When I first heard about the program, I was very interested in the topic, because it was extremely popular and useful, but I had doubts whether I would be able to fit all my obligations into the schedule. After talking with professors, my interest only grew further and I was determined to apply and try to rearrange my schedule in order to accomplish everything I planned, even if it might be a little hard for me. Now, when the course is over, I can only say that I do not regret for a second for my application. The lectures and workshops were extremely interesting and I was eager to see what we would learn next. I could hardly wait for the weekend to attend lectures of guest professors from other universities, and I was glad that suspension of the work did not interrupt our courses, but we switched to the online classes. Today, as an employee, I can say that the knowledge I gained was not only new, but also extremely applicable, both at the job interview and during work. In the end, I will just say that this opportunity is not to be missed!
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