ECTS Guide

Faculty of International Economics and Administration
Department of Computer Science and Economics
Professional area: 3.8 Economics


Speciality: International Business

 

Awarded qualification: Economist

 

Level of qualification: Bachelor

Length of programme: four years

 

Number of credits: 240

 

Field(s) of study (ISCED-F): 0311: Economics (14.3 - 314)

 

Specific admission requirements: Diploma of Secondary Education or Diploma of Higher Education

 

Specific arrangements for recognition of prior learning:
Formal: diplomas and academic transcripts from secondary schools and accredited universities.
Informal: foreign language and computer certificates and other type of competency in line with the study plan of the specialty.
Unofficial: certification exam in foreign language, IT skills or other competency before a commission at Varna Free University.
Procedures for informal and unofficial recognition of competencies from previous study:
1. Allocation of credits on the basis of submitted papers: academic transcript or a diploma for higher degree from previous study; 
- International diplomas and foreign language certificates (English- Cambridge FCE, TOEFL; German - Zertifikat Deutsch, Sprahdiplom, Zweite Stufe; Russian – ТРКИ; French- DELF; Spanish - DELE);

2. Certification of knowledge and skills by means of taking exams in: 
- foreign languages at the Department of Foreign Language Teaching;
- IT skills at the Department of Computer Science and Economics.

 

Qualification requirements and regulations, including graduation equirements*:

In order to be awarded this qualification, students need to obtain 240 credits, out of which 200 credits are awarded for doing compulsory courses, 18 credits are awarded for doing elective courses, 12 credits are awarded for doing optional courses, 10 credits are awarded for State Examination (Thesis Defence).

 

Profile of the programme:
Within the framework of the programme in International Business, students acquire knowledge and skills in a major field of science, education and business – international economy. The excellent study conditions and facilities provided by VFU “Chernorizets Hrabar”, facilitate students’ acquisition of topical and relevant knowledge and skills in the field of world economy, international business, international finance and marketing. The programme is designed for students whose professional interests lay in the field of international economy, the trade practices of modern economic enterprises and financial markets, and stock exchanges. The programme aims to meet the demand for specialists with an international profile of trade, economic and legal education. The programme content is based on leading world and European practices and provides students with professional knowledge and experience of operating foreign economic activities – preparation, contracting and implementation of international trade deals by various firms and enterprises. The training is closely related to the interests and prospects before the Bulgarian economy and politics, and is oriented towards real partaking in international economic and political relations.

 

Programme learning outcomes:
The education provided lays a solid foundation guaranteeing successful career development in business, administration, non-governmental organizations and scientific institutions. Graduates in International Economic Relations are trained to successfully implement their knowledge and skills in the various business areas:
• to work as managers and specialists in manufacturing and trade organizations with international activities, state administration and international organizations;
• to organize and hold successfully international initiatives and events;
• to do innovative business;
• to tap into the huge potential of the Internet for the purposes of international business and trade;
• to think out of the box when making decisions in the field of international competition.

 

Programme structure diagram with credits *:

 

ECTS code

Course Title

Lectures and seminars

Out-of-class workload

Number of credits

1.

MAT 1010

Mathematics

45

90

4,5

2.

ECO 1229

The Firm – Introduction Course

90

180

9

3.

ECO 1195

Microeconomics

60

120

6

4.

LAW 1053

Fundamentals of Law

30

60

3

6.

FLE 1002

Foreign Language

45

90

4,5

7.

SPO 1015

Sport

30

60

3

Total for semester I

300

600

30

1.

INF 1092

Business Information Systems

45

90

4,5

2.

ECO 1053

Globalization of Economy and Development

45

90

4,5

3.

ACC1030

Financial Mathematics

60

120

6

4.

ECO 1197

Macroeconomics

60

120

6

5.

FLE 1002

Foreign Language

60

120

6

6.

SPO 1015 

Sport

30

60

3

Total for semester II

300

600

30

Total for year 1

600

1200

60

1.

ECO 1048

Investment Project Management

30

60

3

2.

FIN 1017

Public Finance

60

120

6

3.

ACC 1010

Fundamentals of Accounting

60

120

6

4.

 

Elective Course 1

30

60

3

5.

 

Elective Course 2

30

60

3

6.

 

Optional Course 1

30

60

3

7.

FLE 1003

Foreign Language

40

80

4

8.

SPO 1015 

Sport

20

40

2

Total for semester III

300

600

30

1.

ACC 1031

Organization of Financial Accounting

30

60

3

2.

FIN 1012

Money and Banking

30

60

3

3.

MAR 1004

Marketing

60

120

6

4.

QMS 1014

Statistics

60

120

6

5.

 

Elective Course 3

30

60

3

6.

 

Elective Course 4

30

60

3

7.

 

Optional Course 2

30

60

3

8.

FLE 1003

Foreign Language

30

60

3

Total for semester IV

300

600

30

Total for year 2

600

1200

60

1.

ECO 1008

Geo-Economics

30

60

3

2.

FIN 1029

Monetary and Financial Operations

45

90

4,5

3.

MAR 1163

International Business

60

120

6

4.

QMS 1001

Econometrics

60

120

6

5.

ECO 1011

European Economic Integration

45

90

4,5

6.

 

Elective Course 5

30

60

3

7.

 

Optional Course 3

30

60

3

Total for semester V

300

600

30

1.

FIN 1145

International Trade Financing

30

60

3

2.

MAR 1165

International Company Cooperation

50

100

5

3.

FIN 1157

International Financial Centres

30

60

3

4.

 

Elective course 6

30

60

3

5.

 

Elective course 7

30

60

3

6.

 

Optional Course 4

30

60

3

Total for semester VI

200

400

20

Total for year 3

500

1000

50

1.

FIN 1156

Investment Analysis

75

150

7,5

2.

FIN 1157

Financial Markets and Institutions

75

150

7,5

3.

FIN 1007

Corporate Finance

75

150

7,5

4.

FIN 1160

Analyses of Financial Data

75

150

7,5

Total for semester VII

300

600

30

1.

FIN 1158

Corporate and Financial Risk Management

75

150

7,5

2.

MAN 1014

International Financial Management

75

150

7,5

3.

FIN 1150

Financial Reporting and Analysis

75

150

7,5

4.

FIN 1159

Strategic Management Accounting

75

150

7,5

Total for semester VIII

300

600

30

Total for year 4

600

1200

60

 

 

State exam and thesis defense

 

300

10

Total for the entire course of study:

2300

4900

240


 

* In Varna Free University, a credit equals 30 lessons, of which 10 contact hours (lectures and seminars) and 20 hours independent work.

Mode of study: full time

 

Examination regulations and grading scale: General requirements to the students:
• Thorough knowledge of the discipline: functions, graphs, optimization problems;
• Regular attendance of lectures and seminars. Arrival on time and discipline during the lessons. Late arrival, noise during lectures, or distraction of other students’ attention reduce the effectiveness of the learning and teaching process and shall not be tolerated;
• Carrying out of the assigned tasks on time, participation in class discussions, reviewing the material before the lesson;
• Initiative to solve problems and difficulties;
• Adherence to the principles of academic ethics and collegiality.
Continuous and Final Assessment.
Continuous assessment focuses on students’ individual work and is carried out by means of tests which check knowledge. An alternative form of continuous assessment is control work in class. Results from tests for self study are not taken into consideration when these differ dramatically from the results of tests done in class. The date of the test is announced to the students at least a week earlier.
Final assessment is carried out through an exam during the exam sessions. Students who have sat a test in class and their result is over 60% from the overall number of points for the semester can be freed from the final exam. The condition for finishing the semester is students to have at least 10 points from continuous assessment.

Mark formation:
The table below shows the weight of the continuous and final assessment in the formation of the final mark.


Type of control

Points

Continuous assessment

40

Exam during the sessions

60


The mark of students who are freed from exam is based only on continuous assessment. The mark of students who sit the exam at the correction and liquidation sessions is based only on the exam at these sessions.

The final mark is formed as follows:


Points

Mark

90.00 - 100.00

Excellent 6

80.00 - 89.99

Very good 5

70.00 - 79.99

Good 4

60.00 - 69.99

Satisfactory 3

0.00 - 59.99

Failed 2

 

Obligatory or optional mobility windows : none

 

Work-based learning: There are opportunities to involve students in overseas internships organised by partners of the VFU.

 

Occupational profiles of graduates:
Graduates in International Business fully meet the career development requirements applying to the most topical positions, where a long-term demand exists for specialists in the various areas of business and administration:
• manufacturing enterprises;
• trade organizations;
• different state departments and enterprises;
• international organizations
• financial institutions – banks, insurance institutions, investment funds etc.;
• research institutions;
• European institutions within the EU;
• foreign companies in the Republic of Bulgaria and outside it;
• overseas missions, embassies and other structures.

 

Access to further studies:

Successful graduates can continue their education in a closely related Master’s programme.
Graduates who wish to expand their scope of education, can enroll on a Master’s programme within a different professional area at VFU, in compliance with the terms and requirements in force.

 

Head of Department “Computer Science and Economics”:
Assoc. Prof. Galina Momcheva, PhD
VFU “Chernorizets Hrabar” Room D -9
Phone number: +359 52 359-573; mobile: +359 888 793 785
email: galina.momcheva@vfu.bg
gmomcheva@gmail.com

 

Secretary of Department “Computer Science and Economics”:
Eng. Pavleta Krasteva
VFU “Chernorizets Hrabar” Room D -8
Phone number: +359 52 359 572; mobile: +359 878 417 494
e-mail:  pavleta.krasteva@vfu.bg
pavleta.krasteva@gmail.com