According to the amendments to the Law on Higher Education Institutions, which came into force on 01.01.2019, the period of accreditation of study programs has been extended. The new accreditation terms can be seen here.

Programme code 43310
Field of study Economics
Faculty Faculty of Business, Management and Economics
Obtainable degree Bachelor of Social Sciences in Economics
Access to further studies Access to Master Study Programmes or Second-level Professional Higher Education Study Programmes designed for studies after the awarding of Bakalaura grāds (Bachelor`s degree)
Programme director Sandra Jēkabsone
Credits 120 KP or 180 ECTS
Study duration full-time
6 Semesters
Tuition fee starting Autumn semester, 2019 Tuition fee per year - 2000 EUR
Number of students accepted each year Autumn semester 2019
State -funded study places- 30
Autumn semester 2019
Study places for tuition fee - 70
Minimum number of students - 25
Start of studies Autumn 2020
Study duration part-time: correspondence studies
8 Semesters
Tuition fee starting Autumn semester, 2019 Tuition fee per year - 1500 EUR
Number of students accepted each year Autumn semester 2019
State -funded study places- 0
Autumn semester 2019
Study places for tuition fee - 30
Minimum number of students - 5
Start of studies Autumn 2020
Language of instruction Latvian
Learning outcomes of the study programme

Knowledge and understanding:

  • demonstrate coherent knowledge of basic rules in the history of economic development; 
  • orientate in theoretical guidelines of modern economics and basic directions of the specialization, i.e. accounting, finance, mathematical modelling and forecasting in economics, business, and also actual concepts of economic analysis;
  • demonstrate critical understanding of the research object and provide a summary of problem solutions;
  • demonstrate knowledge in basic theoretical and practical issues of economics and separate contact sciences – managerial science, law, mathematics, environment, demography, sociology, psychology, business ethics, information technology etc. 

Skills and abilities:

  • demonstrate basic skills in scientific research by showing analytical approach to the analysis of the research object, ability to apply theoretical knowledge in solving practical tasks in improving operational activity of a company or an institution; 
  • ability to find, systemize and use information data bases and apply the most appropriate statistical, econometric and other methods and techniques of analysis; 
  • able to carry out efficient interpretation of economic results and presentation in specialist and non-specialist audiences by understanding the meaning of professional ethics; 
  • ready to work in a team and is able to develop and improve one’s communication skills;
  • is motivated to improve and develop one’s competence continuously by proceeding with Master Studies.
Admission requirements

Secondary education


General rules (here)

 

Competition criteria for persons with an obtained secondary education on year 2004 and onwards:

CE in Latvian

CE in Maths

 

Competition criteria for persons with an obtained secondary education up to year 2004 (not included) as well as persons who have obtained their secondary education abroad and persons with special needs:


final average grade in Latvian and Literature

final grade in Maths (or the average grade of Algebra and Geometry)

final average grade in certain subjects


Preferential claims: Latvian state Economics Olympiad degree 1 – 2 winners or Latvian state student scientific conference Economics section degree 1 – 3 winners in years 2018 and 2019

Admission formulas

For persons with an obtained secondary education on year 2004 and onwards: CE in Latvian and Literature up to year 2011 or CE in Latvian from year 2012 (writing and text creation (2,5 x 100 = 250)) + CE in Maths up to year 2008 (knowledge and basic skills (3,75 x 100 = 375) + case analysis (3,75 x 100 = 375)) or CE in Maths from year 2009 (knowledge and basic skills (3,5 x 100 = 350) + standard case analysis/knowledge usage in standard cases (2 x 100 = 200) + problem case solving/knowledge usage in non-standard cases (2 x 100 = 200))


For persons with an obtained secondary education up to year 2004 (not included) as well as persons who have obtained their secondary education abroad and persons with special needs: secondary education document final average grade in Latvian and Literature (20 x 10 = 200) + secondary education document final grade in Maths (or the average grade of Algebra and Geometry) (60 x 10 = 600) + secondary education document final average grade in certain subjects (20 x 10 = 200)

Economics   120
Mandatory part   68
Mandatory part   58
Ķīmi1059 Civil protection Test 1
Demo2001 Demography Exam 2
Ekon2480 Econometrics Exam 4
DatZ1085 Economic Informatics I Exam 4
Ekon4011 Economic Policy Exam 4
Ekon1016 History of economy Exam 2
Filz1020 Philosophy Exam 2
Ekon2368 Theory of Finances Exam 4
Ekon2094 Theory of Accounting Exam 4
Ekon3043 Introduction to Studies Exam 2
JurZ1118 Introduction to Law Exam 4
EkonP198 Macroeconomics Exam 4
Ekon1300 Mathematics for Economists Exam 4
EkonP196 Microeconomics Exam 4
Soci2029 Sociology Exam 2
Ekon1273 Statistics for Economists I Exam 4
Ekon2455 Statistics for Economists II Exam 4
Ekon2087 Entrepreneurship Economics Exam 4
VidZ1032 Environment protection Exam 1
Final examination   10
Ekon4650 Undergraduate work in economics Bachelor`s Thesis 10
Restricted elective courses   50
Common B part   16
Study Courses of Limited Choice 1   4
Valo1234 English for Economics I Exam 4
Valo1585 German for Economics Exam 4
Study Courses of Limited Choice 2   4
Ekon1068 Microeconomics II Exam 4
EkonP804 Monetary and Bank Economics Exam 4
Study Courses of Limited Choice 3   4
EkonP222 Financial Accounting I Exam 4
Ekon2062 Macroeconomics II Exam 4
Study Courses of Limited Choice 4   4
Ekon2058 Corporate Finance Exam 4
Ekon3027 Economics of the Public Sector Exam 4
Part B of Subprogrammes   34
Analytical economic   34
Ekon3003 Labor Economics Exam 4
Ekon2084 Models of the Financial System Exam 2
Ekon3091 Analysis of Corporate Financial Position Exam 4
Ekon2198 Study work in economics Coursework/project 2
Ekon3535 Mathematical Economics Exam 4
EkonP013 Tax Systems Exam 4
Ekon2498 Theory and Methods of Optimization Exam 4
Ekon3078 Models and Methods in Operations Management Exam 4
Ekon3093 International Monetary Economics Models Exam 2
Ekon2111 International Trade Models Exam 4
Finances and credit   34
EkonP011 Insurance Exam 2
Ekon3003 Labor Economics Exam 4
Ekon2084 Models of the Financial System Exam 2
EkonP064 Global Finance Exam 4
Ekon3351 Investments Exam 4
EkonP066 Banking Operations Exam 4
Ekon3091 Analysis of Corporate Financial Position Exam 4
Ekon2198 Study work in economics Coursework/project 2
EkonP013 Tax Systems Exam 4
Ekon1003 Public Finances Exam 4
EkonP127 Securities Market Exam 4
Accounting, control and analysis   34
Ekon3249 Auditing I Exam 4
Ekon3003 Labor Economics Exam 4
Ekon3315 Financial Analysis Exam 4
EkonP375 Financial Accounting II Exam 4
Ekon3088 Practical classes of financial accounting Exam 2
Ekon3087 Accounting Information Systems Exam 2
EkonP842 Internal Control Exam 2
Ekon4200 Controlling Exam 2
Ekon2198 Study work in economics Coursework/project 2
Ekon3230 Tax Accounting Exam 2
Ekon1077 Research methods and appoaches in Accounting studies Exam 2
Ekon2075 Basic of cost and management accounting and simulation games Exam 4
Analysis of national economy   34
Ekon3003 Labor Economics Exam 4
Ekon1024 European economic integration Exam 2
Ekon4007 Methodology of Economic Research Exam 4
Ekon3315 Financial Analysis Exam 4
Ekon2198 Study work in economics Coursework/project 2
Ekon3473 Monetary policy Exam 2
Ekon3474 The System of National Accounts Exam 2
EkonP013 Tax Systems Exam 4
Ekon4045 Managerial Economics and Strategy Exam 4
VadZ3053 Theory of Management Exam 2
Ekon2085 State's Strategic Development Exam 4
Entrepreneurship economics   34
Ekon3092 Alternative strategies of competitiveness Exam 4
Ekon3003 Labor Economics Exam 4
Ekon4007 Methodology of Economic Research Exam 4
Ekon3315 Financial Analysis Exam 4
EkonP375 Financial Accounting II Exam 4
Ekon2198 Study work in economics Coursework/project 2
Ekon4035 Material Economics Exam 4
EkonP013 Tax Systems Exam 4
Ekon3030 Production management Exam 4
Ekon2111 International Trade Models Exam 4
Ekon4010 Enterpreneurial Marketing Strategy Exam 2
VadZ3053 Theory of Management Exam 2
Elective courses   2
Science sector Economics
EKI level 6
Programme practical realization

Implementation of the study programme in the Faculty of Business and Administration of the University of Latvia has been designed in accordance with the Education Law, the Law of Higher Education Institutions and the Law on Professional Education.The Bachelor Study Programme in Economics has been created in the form of academic studies giving the opportunity for a graduate, on a basis of his/her study results, to continue studies in the Master’s degree programme. Full-time study programme’s (FT) duration is three years, part-time extramural study programme’s (PTS) – four years.

      Lectures are used as the delivery method of general education study courses and courses of the branch in the study programme. During lectures students discuss theoretical issues illustrated with real-life situations and requirements of laws and regulations. During lectures the teaching staff uses technical equipment: multimedia projectors, slide projector, the Internet.

      Practical assignments in study courses are exercises in solving practical situations, and analysing financial statements.

      In the study course Group Work is one of the forms for acquiring skills which not only reinforces the acquired theoretical material during lectures and seminars, but also forms communication and work organization skills. During Financial analysis student groups (5-6 people) carry out a financial analysis of a given situation and draft suggestions for improvement of the financial management.

      Seminars are a supplement to theoretical and practical knowledge on topical issues. Group discussion on in-depth matter taken from the study material is used in seminars.

      Individual work takes the form of home calculation tasks or preparation of small presentations. Their aim is to facilitate the student’s ability to carry out certain tasks independently.

      Assistance to students’ individual work is provided by the teaching staff of the study courses by advising on study materials, solving of practical exercises and other studies-related issues. In the beginning of each term, the teaching staff announces weekly consultation times. Duration of the consultation is no less than two academic hours a week, where the part of the day when the consultation is held is aligned with the form of studies where the teaching staff reads lectures – working days or Saturdays.

Rating system

 Students’ progress evaluation system is based on the Regulations on the National Academic Education Standard . Fulfilment and the degree of acquisition of the study course requirements is characterized by evaluation which is a quality measure for achieving study results.

      Final examination – criteria for drafting and evaluating of a bachelor’s thesis are based on the Regulations of Final Examinations in the UL, including the specificity of the field and experience in final examination process of the study programmes in economics.  Evaluation is determined also by theoretical knowledge and the ability to give professional demonstration of the gathered results in the defence and also the quality of responses given to a reviewer’s and members of the final examination commission questions.

At the same time the compulsory provisions of the criteria concerning the layout and quality of a graduation paper and scientific methodology traditions relating to each study direction in preparing a bachelor’s  thesis should be considered. Good results have been achieved by organizing the graduation paper seminars with presentations in Analytical Economics (BSP). Content of the course Methodology of Economic Studies (Ekon 4007) is related to the improvement of research skills and specific research which students have to carry out within the development of a graduation paper. Every student's progress with regard to the research design, selection of data, data collection methods, data transformation, creation of new variables, selection of models, specifications, evaluation and interpretation is controlled during the course. It is expected that every student has to prepare two detailed presentations for further discussion in the class with group mates and a lecturer. One presentation should be related to a scientific article (from an academic journal) on any field of economics; the article should be related to the topic of the graduation paper. To present such an article, a student should have profound understanding of nuances related to data and modelling given the context of the topic. During the presentation this knowledge (with lecturer’s intervention) is delivered to other students. This technology has proved itself and gives good results. Furthermore, such practice has been widely accepted all over the world in courses of this type. The other presentation concerns the ideas of a bachelor's thesis, data and methods used therein where a student once again goes through methodological aspects but this time in the context of his/her own thesis (and most likely in the context of Latvia’s data). During the course, data and modelling aspects are being discussed repeatedly in the context of specific economic studies. After approbation, the graduation commission provides a student the possibility of scientific discussion and wider demonstration of research results. 

Programme price

 Yearly costs of the programme per student correspond to the tuition fee specified above.