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Qualification: Professional Bachelor’s Degree in Economics, Economist (RA)

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Professional Bachelor’s Degree in Economics, Economist (RA)

Qualification Information

There has been acquired the basic and specialized knowledge in the spheres related to economics that is demonstrated by critically assessing awareness of the gained knowledge and the ability to apply this knowledge in practice, demonstrating professional competence of an economist;

- there has been developed professional and research competence in the chosen professional field through professional practice, presenting study papers and the results of professional practice and elaborating Bachelor’s thesis.



Competences:

1. Basic knowledge of:
1.1. commercial theories.
1.2. economic system development trends worldwide;
1.3. commercial law;
2. Understanding of:
2.1. tax policy;
2.2. international economic relations;
2.3. business communication;
2.4. statistics;
2.5. sociology;
2.6. industry technology;
2.7. environmental economics;
2.8. professional terminology in the official language and at least two foreign languages.
3. Ability to apply knowledge of:
3.1. macroeconomics;
3.2. microeconomics;
3.3. business economics;
3.4. economic analysis and planning;
3.5. economic forecast;
3.6. management science;
3.7. financial management and analysis;
3.8. marketing;
3.9. quality management;
3.10. project development, management and implementation;
3.11. information technologies;
3.12. financial accounting;
3.13. management accounting;
3.14. research methodology;
3.15. environmental protection;
3.16. official language;
3.17. two foreign languages at the communication level.
3.18. labour protection;
3.19. employment relationship.



Skills:

1. To apply theoretical findings in the sector of economics to assess and analyse facts.
2. To plan and analyse economic activities in product, financial and labour markets.
3. To understand processes taking place in society and impact thereof on the socio-economic environment.
4. To understand the legislative process and its effects on business and the economics as a whole.
5. To assess draft laws and regulations in the economic field put forward for public consideration and provide proposals for improvement thereof.
6. To evaluate and compare alternative economic activities, evaluate possible consequences thereof.
7. To establish business goals.
8. To assess the macroeconomic situation and plan a company's business operations in accordance with the changing circumstances.
9. To understand the impact of economic activities on the socio-economic and ecological environment in the short and long term.
10. To carry out planning of business activities and financial management.
11. To predict a company's business activities and factors influencing it.
12. To select ways of attracting and allocating finance in line with the objectives of business activity.
13. To understand and analyse interconnections of a company's basic, financial and investment activities and results thereof.
14. To establish operating efficiency improvement measures.
15. To assess the efficiency of investment projects.
16. To know and apply risk identification, assessment and prevention methods.
17. To develop a business operation and financial risk reduction plan.
18. To know and be able to use methods to determine the value of financial assets.
19. To use financial and statistical information.
20. To know how to carry out accounting and control of business activities.
21. To be aware of methods to draw up functional and financial budget and financial reports.
22. To have a good knowledge of the banking and financial sector and the tax system.
23. To use appropriate management techniques and forms.
24. To know and use meaningful decision-making methods.
25. To use latest information technology.
26. To structure, analyse and use the acquired operating information.
27. To utilize logical conclusion-making methods.
28. To develop projects related to business activities and participate in management thereof.
29. To plan, coordinate and manage work groups, take part in them.
30. To define problems, establish tasks.
31. To conduct scientific research and implement research results into practice.
32. To prepare presentations and speak on professional issues at conferences, seminars, meetings.
33. To know the official language.
34. To know at least two foreign languages at the communication level.
35. To use professional terminology in the official language and at least one foreign language.
36. To constantly improve one's knowledge.
37. To meet the requirements of employment relationship.
38. To comply with labour safety, fire safety and environmental protection requirements.



Knowledge:

1. To apply theoretical findings in the sector of economics to assess and analyse facts.
2. To plan and analyse economic activities in product, financial and labour markets.
3. To understand processes taking place in society and impact thereof on the socio-economic environment.
4. To understand the legislative process and its effects on business and the economics as a whole.
5. To assess draft laws and regulations in the economic field put forward for public consideration and provide proposals for improvement thereof.
6. To evaluate and compare alternative economic activities, evaluate possible consequences thereof.
7. To establish business goals.
8. To assess the macroeconomic situation and plan a company's business operations in accordance with the changing circumstances.
9. To understand the impact of economic activities on the socio-economic and ecological environment in the short and long term.
10. To carry out planning of business activities and financial management.
11. To predict a company's business activities and factors influencing it.
12. To select ways of attracting and allocating finance in line with the objectives of business activity.
13. To understand and analyse interconnections of a company's basic, financial and investment activities and results thereof.
14. To establish operating efficiency improvement measures.
15. To assess the efficiency of investment projects.
16. To know and apply risk identification, assessment and prevention methods.
17. To develop a business operation and financial risk reduction plan.
18. To know and be able to use methods to determine the value of financial assets.
19. To use financial and statistical information.
20. To know how to carry out accounting and control of business activities.
21. To be aware of methods to draw up functional and financial budget and financial reports.
22. To have a good knowledge of the banking and financial sector and the tax system.
23. To use appropriate management techniques and forms.
24. To know and use meaningful decision-making methods.
25. To use latest information technology.
26. To structure, analyse and use the acquired operating information.
27. To utilize logical conclusion-making methods.
28. To develop projects related to business activities and participate in management thereof.
29. To plan, coordinate and manage work groups, take part in them.
30. To define problems, establish tasks.
31. To conduct scientific research and implement research results into practice.
32. To prepare presentations and speak on professional issues at conferences, seminars, meetings.
33. To know the official language.
34. To know at least two foreign languages at the communication level.
35. To use professional terminology in the official language and at least one foreign language.
36. To constantly improve one's knowledge.
37. To meet the requirements of employment relationship.
38. To comply with labour safety, fire safety and environmental protection requirements.

Reference Data

EQF Level:
Thematic area:
Information Language:
Location:
NQF Level: 
6
Awarding body: 

- Rezekne Higher Education Institution

Awarding body contact info: 

ATBRĪVOŠANAS ALEJA 115, RĒZEKNE, LV-4601
Tālr.: 64623709
Fakss: 64625901
E-pasts: ra@ru.lv

Source of information: 
National occupation classification: 

ISCO-08

Relationship type: 

Economist (2631 02)

Access requirements: 

Certificate of general secondary education or Diploma of vocational secondary education

Ways to acquire: 

Formal (through education programmes)