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Programme catalogue

International Economics and Commercial Diplomacy - bachelor's programme


Student review

The program of International Economics and Commercial Diplomacy offers a diverse education, combining economics and diplomacy. Studies in this program allow practice of English not only in foreign language classes, but other subjects as well, meaning that the student groups combine Latvian, foreign and exchange students, giving an opportunity for the students to build networks already while studying.

Additionally there is an offer of many different guest lectures and exchange studies for students. Even though the program is academic, an internship is planned in the study program and many of our students become interns in the Ministry of Foreign Affairs, Ministry of Economics, LIAA and other organizations. As students of International Economics and Commercial Diplomacy we have a chance to show our diplomatic skills by taking part in a visit of partner universities in Germany and Austria. As the study groups are relatively small a more personal approach and more cohesive atmosphere are ensured. During the study process there is an opportunity to meet and study from different competent professors, some less some more demanding. Everybody has the opportunity to develop and to prove themselves by studying International Economics and Commercial Diplomacy in the Faculty of Economics and Management.

3rd year IECD student group

Review of graduates

The study program of International Economics and Commercial Diplomacy in the University of Latvia perfectly reflects the content of the program in its name. This academic study program combines a wide range of social sciences with language study possibilities, emphasizing the understanding and analysis of international economic processes, as well gives an insight in the diplomatic sphere both from the perspective of the state and entrepreneur. This is one of the few academic programs which give internship opportunities to students, enabling students to use their theoretic knowledge in practice. In addition, in this program students receive knowledge from the best academics in this field as well the opportunity to attend guest lectures of world famous lecturers. The combination of these conditions was the reason of my choice and it has not disappointed me.

Normunds Kvilis,
Graduate of year 2013,
at the moment – student of the master’s program Economics,
AS “Nordea Latvijas atklātais pensiju fonds”
fund administrator


When choosing the study program International Economics and Commercial Diplomacy I was attracted by the wide spectrum of knowledge it offers. And the studies did not disappoint me – the program covers all social sciences from psychology and sociology to economics and languages.

The word “international” in the name of the program has completely justified itself, in the study courses there is emphasize on world economics, globalization and integration processes. Although the study program is academic, one of the biggest pluses is the internship, which lets us evaluate the job possibilities after graduating and chose the field to continue academic studies.

Mārtiņš Līdaks,
Graduate of year 2012,
former chairman of the LU Student council,
currently student of the master’s program Public management,
LR Ministry of Foreign Affairs
Senior personnel planning and development rapporteur
Study domain
Economics
Faculty
Faculty of Business, Management and Economics
Degree awarded
Bachelor of Social Sciences in International Economics
Access to further studies
Access to Maģistrs (Master's ) study programmes or to Second-level Higher Professional Education programmes designed for studies after the awarding of bakalaurs degree
Accreditation period
26.06.2013 - 25.06.2019
Programme director
Ērika Šumilo
Programme workload in credit points
160 CP or 240 ECTS
Study mode and length
full-time
8 semesters
Tuition fee for students enrolled in 0
2800 EUR per year
Study places open for enrolment
In Autumn 2017 semester
State-funded study places - 0
In Autumn 2017 semester
Tuition fee study places - 50
Minimum number of students - 10
Next enrolment
In semester
Language of instruction
English
Programme abstract
The aim of the program is to prepare highly qualified specialists who will have good command in the issues of international economics and commercial diplomacy, will be able to take independent decisions, handle every day and strategic tasks. After studies graduates can work in state, private and international organizations.
 
Studies offer:
  • theoretic and practical knowledge in the fields of international economics, commercial diplomacy and intercultural science;
  • creation of skills and professional competencies, understanding about work in different national, international institutions and organizations;
  • possibility for students to take part in solving specific practical tasks during study seminars, internships and development of bachelor’s thesis, improving their decision making skills;
  • opportunity to develop presentation skills, scientific polemics, communication and team work skills, the ability to obtain, analyze and use information, as well to analyze data;
  • opportunity to learn foreign languages in various levels;
  • fundamental basis for the continuation of studies in master’s and further doctoral levels;
  • skills for continuous self-improvement.
     
Students have the opportunity to take part in international student exchange programs Erasmus+, Campus Europae, Erasmus Mundus and study or have an internship in European Union and partner states. Students with high English proficiency can participate in ISEP scholarship contest and study a semester in the USA, as well, on the basis of bilateral agreements in other countries: China, South Korea, Taiwan, Russia, Georgia, Argentina, etc.

The program of International Economics and Commercial Diplomacy creates and environment allowing students to get not only academic knowledge and practical orientation, but fosters the realization of ideas.

Year 2013./2014. International Economics and Commercial Diplomacy 3rd and 4th year students created a business platform BoomRiga. BoomRiga creates an environment where young people who want to exercise their entrepreneurial skills and realize long cherished ideas can meet. The fundament of this business platform is synergy which is encouraged in different BoomRiga events where students from different fields of studies and universities meet. The events offer an exchange of experience, presentation of success and inspiration stories, generation of ideas and presentation with an opportunity to receive real financial support for the idea development. At the same time it is a place to meet creative, open minded people and spend time in a non-formal environment!

Professional skills obtainable:

Ability to orientate in the global economic environment and to take decisions in the circumstances of global competition.

The graduates of this program can continue studies at master’s level. 
Programme aim and objectives
The aim of the programme is to prepare highly qualified specialists who working in state, private and international institutions will have good command in issues of international economy and commercial diplomacy, will be able to take independent decisions, handle everyday tasks and cooperate with Latvian and foreign organizations, offices and enterprises.
 
The tasks of the prgramme are:
  • to give theoretical and practical knowledge in the field of international economy, commercial diplomacy and humanities in general;
  • to enable students with skills and professional competences, as well as to develop skills to work successfully in various national and international level institutions and organizations;
  • to involve students in solving concrete practical tasks in seminars, during internship and working out the bachelor’s thesis, improving skills to secure the development of industries of national economy according to growing demand, to attract foreign investments and foster the growth of export products and services;
  • to develop the skills of presentations and scientific polemics, communication skills, team work skills, skills to obtain, analyse and use information as well as skills to perform data analysis;
  • to ensure the command of foreign languages of different levels;
  • to ensure the solid ground for continuation of studies at masters and doctoral studies level as well as skills for self-perfection.
Learning outcomes
The planned results of the programme are the ensuring of the following general and specific competences:
  • orienting in the processes of the contemporary international economy and the ability to analyse them by using statistical, econometric and other methods of quantitative and qualitative analysis;
  • understanding about the basic conditions of commercial diplomacy in order to participate efficiently in the activities of international trade, finance and other, including negotiations, signing of agreements, representing national or corporate interests etc.
  • abilities to orient in global economic environment and to take decisions in the circumstances of global competition;
  • ability to function in the institutions of Republic of Latvia and European Union as well as in other international, state, NGO and private organizations and multinational corporations.
Requirements for enrolment
Prior education:
Secondary education

 

General Conditions (more)

Competitive criteria for applicants, who have completed the secondary education beginning with the year 2004:
 
CE in Mathematics
CE in English

Competitive criteria for applicants, who have completed the secondary education before the year 2004 or persons with special needs:

Yearly grade in Mathematics (or an average grade in Algebra and Geometry)
Yearly grade in English

Requirements for applicants who have completed their secondary education abroad:

1) a document of secondary education shall bear a positive grade in mathematics;
2) required proficiency in English confirmed by a positive grade in English in the general secondary education diploma with the exception of applicants who have completed their education in English.
Grade in English can be replaced with English language tests -  the TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System) or CPE (Cambridge Certificate of Proficiency in English) or CAE (Cambridge Certificate in Advanced English) or FCE (First Certificate in English) or PTE General (Pearson Test of English)
Competition calculation formula
For applicants who have completed secondary education in Latvia starting with the year 2004:  CE in Mathematics till the year 2008 (knowledge and basic skills (2,5 x 100 = 250) + analysis of situations (2,5 x 100 = 250)) or CE in Mathematics from the year 2009 (knowledge and basic skills (2  x 100 = 200) + use in standard situations/use of knowledge in standard situations (1,5 x 100 = 150) + resolving of problematic situations/ use of knowledge in non-standard situations (1,5 x 100 = 150)) + CE in English (listening (1 x 100 = 100) + reading (1 x 100 = 100) + speaking (1 x 100 = 100) + use of language (1 x 100 = 100) + writing (1 x 100 = 100))

For applicants who have completed their secondary education in Latvia up to 2004 or persons with special needs: a yearly grade in Mathematics in a document of secondary education (or an average grade in Algebra and Geometry) (50 x 10 = 500) + a yearly grade in English in a document of secondary education (50 x 10 = 500)

Curricula

Course title Examination type CP
International Economics and Commercial Diplomacy
160
Compulsory courses
68
UL Undergraduate Module
12
Filz1020 Philosophy Exam 2
Ekon1072 Introduction to international studies Exam 2
Filz2005 History of Culture and Cultural Studies Exam 2
PolZ1036 Political Science Exam 2
Psih2056 Communication Psychology Exam 2
Soci2029 Sociology Exam 2
Module Economics
44
Ekon2480 Econometrics Exam 4
Ekon1035 Economic Anthropology Exam 2
DatZ1085 Economic Informatics I Exam 4
Ekon1020 Economic and Business Statistics Exam 4
Ekon3006 History of Economic Theories Exam 4
Ekon3022 Economic Systems and Their Transformation Exam 2
Ekon2094 Theory of Accounting Exam 4
Demo4001 Population and Development Exam 2
VadZ1017 Integrated Marketing communications Exam 2
EkonP198 Macroeconomics Exam 4
Ekon1300 Mathematics for Economists Exam 4
EkonP196 Microeconomics Exam 4
Ekon4023 Research Seminar Exam 2
VadZ3053 Theory of Management Exam 2
Final examination
12
EkonN000 Bachelor thesis Bachelor`s Thesis 12
Restricted elective courses
88
Module International Economic Relations
32
Ekon1036 Economy of the Baltic States Exam 2
Ekon2077 Course Paper in International Economic Coursework/project 2
Ekon3115 History of World`s Economy and Business Exam 4
Ekon3111 Comparative Analysis of World`s Regions Exam 2
VadZ1044 Entrepreneurship in practice I Exam 4
VadZ1047 Entrepreneurship in practice II Exam 2
VadZ1018 International organizational behaviour Exam 4
Ekon3100 International Economics Exam 4
Ekon1033 International Capital Flow Exam 2
Ekon2029 International Monetary Economics Exam 2
Ekon3065 International Organizations and Economic Globalization Exam 4
Module Commercial Diplomacy
36
Common module Commercial Diplomacy
32
Ekon4024 Economics and Global Security Exam 4
PolZ1024 Introduction to International Politics Exam 4
Ekon4022 Commercial diplomacy Exam 4
Ekon1038 Course Paper in Diplomacy Studies Coursework/project 2
Vēst3287 History of Diplomacy of the Republic of Latvia Exam 2
Filz1178 Business Etiquette and Protocol Exam 2
Valo1125 Practical Latvian Language I Exam 2
Valo1179 Practical Latvian Language II Exam 2
Valo1465 Practical Latvian for International Students I Exam 4
VadZ2028 Negotiation and argumentation techniques and frameworks Exam 2
VadZ3061 Cross-cultural relations in the context of business and value systems Exam 4
JurZ3218 Private International Law Exam 4
JurZ3215 International Law Exam 4
Study Courses of Limited Choice 1
4
Ekon2111 International Trade Models Exam 4
PolZ2010 Foreign Policy Analysis Exam 4
Practice
6
Ekon3079 Praxis Internship 6
Module Foreign Languages
14
ValoP139 Business English I Exam 2
ValoP140 Business English II Exam 2
Valo2447 English of Business Law Exam 2
Valo1587 French I Exam 2
Valo2460 French II Exam 4
Valo2164 Business Correspondence in English Exam 2
Elective courses
4

Additional information

Scientific discipline
Economics
EQF level
6
Programme implementation
Both traditional and innovative study methods and forms are used in the bachelor’s study process. Lecture courses are made in the form of lectures, seminars and practical classes. Interactive teaching methods are used in lectures, including students` independent works, students` work in the groups and groups’ presentations. Study courses include also the individual and group works, for example, the writing of report and projects, preparing the questions for discussions and organization of colloquiums. The students` discussions on current issues in world economy to study economic and political processes and the factors behind them are organized, too. The case studies and games are also used to stimulate different situations and scenarios. The instruction in e-environment which is included in study courses gives the possibility for the students to use e-course instruction methods. The teaching methods chosen depend on the specific feature of each study course.  
      Great attention is devoted to different theoretical and research aspects of international economics, as well as to practical skills, connected to the competences of commercial diplomacy and contacts in multicultural environment. The academic staff involved in the programme has a considerable international and Latvian research activity experience, which is integrated in the courses taught, thus contributing to the formation of student skills of international economic analysis.
      During the study process the students are involved in the research activities of the Department of International Economic Relations. The students are guided to study the issues of state importance in a number of scientific directions: Latvian economy and nation development within globalization and European Union integration context; the tools of competitiveness enhancement: theory and practice; the enhancement of entrepreneurship in Baltic sea region; the role of human and social capital in economy and entrepreneurship; the problems of international business environment in Latvia, etc.
      The technological support of the study programme is improving constantly. University of Latvia information system allows students to follow the time table of classes, study courses description, their own data including evaluation marks; many study courses are provided in e-study mode “Moodle” where students can use the downloaded lecture presentation materials; course materials can also be obtained from home pages of the lecturers. Students have possibility to perform  and hand in practical works and control works in e-study mode.
      The consultation of academic staff is a significant form of study support. Information about consultation is displayed at study department location areas and home page of the Faculty of Economics and Management. Many lecturers are consulting students by e-mail. Operational information is provided to students by study administration on their group e-mail addresses.
Student assesment system
In all study course the students` knowledge is valuated in connection with the expected learning outcomes.
The evaluation during the study process is regular and contiuous. In all study courses the students` knowledge is valuated integrated, that is, all student activities – during classes, independent individual and group tasks, control papers, reports, presentations and test are evaluated by a certain number of points which then summed up, from the total evaluation of the course.
      The students` evaluation standards and rules are clear and accessible, as they are found in normative data section of University’s portal and in course descriptions on each study course. Academic staff also informs students about the evaluation requirements at the beginning of each study course.
      The study course test is a sum of activities to evaluate the results of course learning in accordance with criteria set by the course description and the requirements for receiving credit points. Each study course of the programme has its own individual evaluation system. All this information is available in the course catalogue of information system of University of Latvia. Lecturers inform the students about the evaluation system of the respective study course during the first classes. The course description is available at University of Latvia Information System (LUIS), too.
      The adopted types of tests at University of Latvia are interim tests and study course final tests. The kinds of interim tests are: control work, independent work, practical/laboratory work, reports or other type of work according to the course specifics. The number and type of the interim test is set at study course description.
      The learning of practical skills when preparing competitive specialists is a very significant part of the course study, for example, work out of project applications, learning of a country’s business culture, the study of the strategy of the definite international corporation, etc. Great attention is devoted to the improvement of students` independent work, while processing, structuring and delivering the obtained information during classes. Methods both of individual research and group work are used for that purpose.
      The exam is at the end of the each study course. To get the right to pass the exam, a student has to fulfill the required amount of work (interim tests) as set by the course description, receiving positive evaluation. In accordance with the course specifics, the lecturer can set rules for the course attendance, too. The student has to pass the exam again, if the evaluation is less than 4 (almost average) in 10 point system or he has been withdrawn from exam.
      The forms of the tests are written test, oral test and combined test, where both oral and written tasks are evaluated. The proportion of oral and written parts in the test is set at course description.
      The criteria for the evaluation of bachelor’s thesis have been worked out by the academic staff of the Department of International Economic Relations – the programme providers.
Programme costs
Yearly programme costs per student correspond to the tuition fee specified above.