International Economics and Commercial Diplomacy - Bachelor's Degree Programme
Programme level: Bachelor's Degree Programme
Language of instruction: English
Study form and duration: full-time - 8 semesters
Credits: 240 ECTS
Obtainable degree or qualification: Bachelor of Social Sciences in Economics
Number of students accepted each year: State-funded study places - 0, study places for tuition fee - 50
Tuition fee per year (ac. year 2025/26): 3400 EUR for EU/EEA/Swiss citizens, permanent residence permit holders and their family members. 3700 EUR for citizens of other countries
Study location: Riga, city centre
International Economics and Commercial Diplomacy is a unique multidisciplinary study programme which not only aims to provide students with extensive knowledge regarding international economics and business but also regarding legislation, politics and foreign languages. The study programme develops the necessary teamwork and presentation skills, capacity to understand and analyse macroeconomic and microeconomic tendencies, as well as practical skills in coordinating work among various institutions and managing organizations. Studies are conducted in English.
Study Program Director

Prof. Ērika Šumilo
- 1st year – start-up, mathematics for economists, political science, international organizations and economics globalization, population and development, microeconomics, integrated marketing communications, etc.;
- 2nd year – macroeconomics, theory of management, international economics, econometrics, international law, French, etc.;
- 3rd year – theory of accounting, economic anthropology, private international law, introduction to international politics, economy of the Baltic states, comparative analysis of world’s regions, etc.;
- 4th year – commercial diplomacy, international political economy, international capital flow, international monetary economics, international trade models, internship/practicum, bachelor thesis.
During the studies, academic knowledge is supplemented with practical knowledge via practicums and internships. During practicums and internships students are able to utilize their theoretical knowledge in real-life situations, thus gaining invaluable experience. Students obtain this experience in both private and government institutions such as the Ministry of Foreign Affairs and the Investment and Development Agency of Latvia.
Students can take part in practicums and internships both in Latvia and abroad via Erasmus+ exchange programme.
Graduates have the necessary skills to work in a variety of positions in Latvian and EU institutions, international organizations, and businesses. Many known graduates are currently working at the Ministry of Foreign Affairs, the Ministry of Economics, the Investment and Development Agency of Latvia and other government institutions.
Other graduates choose to start businesses themselves or to work in the private sector. Graduates are eligible to study in master’s programmes both in Latvia and abroad.
Admission requirements for international applicants:
- General secondary high school diploma
- Grade in Mathematics must be no less than 6 in a 10 point grading system.
- All grades must be passing (at least 4 in a 10 point grading system).
- If the secondary education document does not indicate a grade in mathematics, it can be replaced by a grade in the subject of economics/business management field (the grade must be at least 6 (in a 10 point grading system).
- English language proficiency.
As a part of the admission process applicants will be asked to participate in an online interview.
During a single cycle of studies, students have the opportunity to spend up to 12 months abroad for studies or internships. Currently, the Faculty of Economics and Social Sciences has over 320 Erasmus+ cooperation agreements with universities across Europe and beyond. Students can participate in exchange studies in countries such as Austria, Germany, Spain, Italy, Finland, Sweden, Turkey, Portugal, Slovakia, Malta, and many others.
In addition, students may take part in exchange programmes based on bilateral agreements, which allow for study opportunities in 53 countries worldwide — including Japan, South Korea, Taiwan, and more.
Short-term mobility options are also available through the FORTHEM Alliance, offering students the chance to gain new knowledge and skills in Germany, Poland, Norway, Romania, Italy, France, Finland, and Spain.
Additional information and study plan
Classes take place on weekdays from 8:30 AM to 6:00 PM according to the lecture schedule for the specific semester.
Contact the UL Faculty of Economics and Social Sciences: eszf@lu.lv
Information about admission:
Email: studies@lu.lv
Information about studies:
Methodologist Inese Ranka
Email: inese.ranka@lu.lv
Phone: +371 67034986
Reviews
I appreciate the diverse, in-depth courses that this study programme provides. Students obtain a very firm grasp of pressing and vital economic, political, business and security topics and processes around the globe. The structure of the course and the international environment provided ample opportunities to gain invaluable knowledge and experience.