Qualifications Framework level

EQF level

European Qualifications Framework (EQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).


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LQF level

Latvian Qualifications Framework (LQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).

LQF covers stages of education starting from the basic education (level 1 – special basic education) to the highest education (level 8 – doctoral studies).


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Learning outcomes

Learning outcomes are knowledge, skills and competences acquired during a certain period of learning.

In Latvia, learning outcomes are stipulated by state education standards and occupational standards (for the professional qualifications).

Learning outcomes of higher education are defined by higher education institutions.


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– to master the basics of the theory of economic science enabling proper understanding of processes of the national economy and the selected subsector;
– to obtain the basic knowledge in study courses (for at least 70 credit points ) in one of the following sub-disciplines of economics- Microeconomics, Macroeconomics, Analytical economics, Social and economic statistics, Accounting, controlling and analysis, Finances and credit, Business economics;
– to be able to solve topical economic problems, to carry out independent research in the selected subsector of economics and present the result in the Bachelor’s thesis (10 credit points).

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.

 

Qualification acquisition requirements

Previous education
Certificate of general secondary education or Diploma of vocational secondary education
Ways to acquire 
Qualifications can be acquired in the framework of education programs or in the evaluation and recognition of non-formal knowledge, skills and competences acquired (in vocational education LKI Levels 2-4).
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Formal (through education programmes)
ECTS credit points 
The unit of the volume of Latvian higher education studies - 1 credit point corresponds to one week of study work in full-time studies (40 credit points per study year).

1 The credit point of Latvia corresponds to 1,5 ECTS (European Credit Transfer and Accumulation System) credit point.
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180
Duration of study 
Duration of qualification in full-time studies
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3-4 years

Qualification document

Awarding body

Higher education institution:

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Qualifications Framework level

EQF level

European Qualifications Framework (EQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).


Go to the Glossary section
?

6

LQF level

Latvian Qualifications Framework (LQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).

LQF covers stages of education starting from the basic education (level 1 – special basic education) to the highest education (level 8 – doctoral studies).


Go to the Glossary section
?

6

Qualification field, stage and type

Thematic field (ISCED 2013)
International Standard Classification of Education (ISCED) developed by UNESCO.
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Social and behavioural sciences (031)

Detailed field: (ISCED 2013)

Economics (0311)

Education
Stages of Latvian education system included in the LQF:
- basic education
- secondary education
- higher education
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Higher education

Qualification type
ITypes of Latvian education:
-General education
-Professional education
-Academic education
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Academic

Full or partial

Full qualification

Other information

National Education Information System

National Database of Education Opportunities

Historical qualification

Period for issuing qualification: 2013-2021

Last changes: 15.12.2021

Posted: 07.05.2016