Organization of the Economic Council implies the gathering of numerous economic experts, representatives of companies and the environment, to receive information about their needs through annual meetings. This information can be implemented in the audit of study programs and can direct the development of the institution to comply with the needs of economic representatives.
The importance of Economic Council is to receive external input through professional associations and other important institutions and implement important elements into the study program. The Economic Council meets once a year and thus approaches the institution with its partners, representatives of organizations, companies, professional associations, etc. Also, the point of this meetings is to present the Economic Council the outcomes of study programs. After that, using a bulk interview or questionnaires, it is necessary to find out if the outcomes are well-suited to their needs. It is through these resources to find out and what they think is needed to implement further.
The information that is being provided by that manner helps the Heads of Study Programs in the process of auditing and revision the studies that they have to make annually.
In the organization of the meeting of the Economic Council and the control of its work, it is necessary to co-operate with a number of members. The organization board starting from the Quality Assurance Office, members of professional associations, employment bureaus and others who are a part of the Economic Council and other administrative staff. The tool that can help to provide the goals of Council are questionnaires and overviews, presentations, intreviews, focus groups, etc.
Factors that affect us in pursuit of the goal are the engagement of employers and other members of the Economic Council. They are often overworked and have no time or interest to participate in such a council. Most often we depend on the time and wish of the members how much they will be engaged, how much benefits they see for their organizations in engaging in the Economic Council.
It is important for higher education institutions to understand that they need to develop new programs and to improve existing ones in close co-operation with the economy members. BY using this kind of Council the institutions receive all the necessary information about labor market.