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International Economic Relations

Faculty of International Economics and Administration 
Department of Computer Science and Economics

Professional area: 3.8 Economics
 

SpecialityInternational Economic Relations

 

Awarded qualificationEconomist

 

Level of qualificationBachelor 

Length of programme: four years

 

Number of credits: 240

 

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

 

Specific admission requirementsDiploma 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);
- International diplomas and ECDL (The European Computer Driving Licence) certificates.
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 203 credits are awarded for doing compulsory courses, 18 credits are awarded for doing elective courses, 9 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 Economic Relations, 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.

INF1474

Informatics

30

60

3

2.

MAN1231

Introduction into Management

60

120

6

3.

PHI1006

Philosophy

30

60

3

4.

MAN1071

Entrepreneurship

60

120

6

5.

MAN1434

Online positioning of organization

30

60

3

6.

 

Foreign Language

60

120

6

7.

SPO1015

Sport

30

60

3

Total for semester I

300

600

30

1.

MAN1425

Visualization and interaction

45

90

4,5

2.

ECO1053

Globalization of Economy and Development

45

90

4,5

3.

SOC1025

Sociology

30

60

3

4.

LAW1053

Fundamentals of Law

30

60

3

5.

ECO1037

Microeconomics

60

120

6

6.

 

Foreign Language

60

120

6

7.

SPO1015

Sport

30

60

3

Total for semester II

300

600

30

Total for year 1

600

1200

60

1.

ACC1030

Financial mathematics

45

90

4,5

2.

ECO1064

International Economics

30

60

3

3.

ACC1010

Fundamentals of Accounting

45

90

4,5

4.

ECO1031

Macroeconomics

60

120

6

6.

 

Foreign Language

60

120

6

7.

 

Elective course 1 (one course is chosen)

30

60

3

Total for semester III

300

600

30

1.

MAR1004

Marketing

75

150

7,5

2.

FIN1017

Public Finance

45

90

4,5

3.

MAN1032

Planning and prognosis

60

120

6

4.

ECO1011

European Economic Integration

30

60

3

5.

 

Foreign Language

60

120

6

6.

 

Elective course 2 (one course is chosen)

30

60

3

Total for semester IV

300

600

30

Total for year 2

600

1200

60

1.

FIN1040

Financial Markets and Investment

60

120

6

2.

MAN1063

International Bank Management

60

120

6

3.

MAR1163

International business

60

120

6

4.

QMS1014

Statistics

60

120

6

5.

 

Elective course 3 (one course is chosen)

30

60

3

6.

 

Optional Course 1 (one course is chosen)

30

60

3

Total for semester V

300

600

30

1.

MAR1165

International company cooperation

60

120

6

2.

MAN1049

Human Resource Management

60

120

6

3.

FIN1010

International Finance

45

190

4,5

4.

POL1088

International Relations and Foreign Policy of Bulgaria

45

90

4,5

5.

FIN1145

International trade financing

30

60

3

6.

 

Elective course 4 (one course is chosen)

30

60

3

7.

 

Optional Course 2 (one course is chosen)

30

60

3

Total for semester VI

300

600

30

Total for year 3

600

1200

60

1.

MAN1014

International Finance Management

60

120

6

2.

LAW1086

International Trade Law

45

90

4,5

3.

MAR 1014

International Marketing

60

120

6

4.

MAR1166

Price policy at international markets

30

60

3

5.

ECO1221

International economic centers

30

60

3

6.

 

Pre-graduation placement

0

240

4,5

7.

 

Elective course 5 (one course is chosen)

30

60

3

8.

 

Optional Course 3 (one course is chosen)

30

60

3

Total for semester VII

300

600

30

1.

FIN1029

Monetary and Financial Operations

45

65

6,5

2.

ECO1035

International Business Analyses

45

90

4,5

3.

ECO1048

International Investment Project Management

60

120

6

4.

 

Elective course 6 (one course is chosen)

30

60

3

   

State exam and thesis defense

100

200

10

Total for semester VIII

300

600

30

Total for year 4

600

1200

60

Total for the entire course of study :

2400

4800

240

 

Elective courses choose from 2

1.

ECO1024

Labour Economics

30

60

3

ECO2009

Economics of the information society

2.

ADM2015

State authority and state administration

30

60

3

POL1119

Political Systems and Institutions

3.

MAR1013

Services Marketing

30

60

3

 

Foreign Language - Business English

4.

FIN1060

Capital Budgeting and Investment Choice

30

60

3

FIN1033

International Commodity Exchanges

 

Foreign Language - Business English

     

5 .

PSY1002

Social Communication

30

60

3

MAN1040

Innovation and Innovation Policy

FIN1032

European Financial Area

30

60

3

 

Business correspondence in English

6.

MAN1057

Electronic Business

30

60

3

 

Business correspondence in English

 

Optional courses choose from 2

1.

ECO1066

International Organizations

30

60

3

PHI1003

Ethics

2.

MAN1022

Organizational Behaviour

30

60

3

 

Second Foreign Language

3.

LAW1105

Financial and Bank Law

30

60

3

ECO1044

Comparative Economic Systems

 

Second Foreign Language

 

Foreign Languages

Compulsory - 1st year

1.

FLE1002

Foreign Language - English

60

120

12

FLE1003

Foreign Language - English

60

120

12

FLE1004

Foreign Language - English

60

120

12

FLF1001

Foreign Language - French

60

120

12

FLG1001

Foreign Language - German

60

120

12

FLR1001

Foreign Language - Russian

60

120

12

FLS1002

Foreign Language - Spanish

60

120

12

Compulsory - 2nd year

2.

FLE1003

Foreign Language - English

60

120

12

FLE1004

Foreign Language - English

60

120

12

FLE1005

Foreign Language - English

60

120

12

FLF1002

Foreign Language - French

60

120

12

FLG1002

Foreign Language - German

60

120

12

FLR1002

Foreign Language - Russian

60

120

12

FLS1003

Foreign Language - Spanish

60

120

12

Elective cources

3.

FLE1013

Foreign Language - Business English

30

60

3

FLE1014

Foreign Language - Business English

30

60

3

Optional courses

4.

FLF1001

Second Foreign Language - French

30

60

3

FLG1001

Second Foreign Language - German

30

60

3

FLR1002

Second Foreign Language - Russian

30

60

3

FLS1001

Second Foreign Language - Spanish

30

60

3

 

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, part time, distance learning

 

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 placement(s) (if applicable): It is envisaged that the preliminary graduation internship in the amount of 45 working days. The internship is applied between the third and fourth course.

 

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 Economic Relations 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 studiesSuccessful graduates can continue their education in a closely related Master’s programme.
Graduates who wish to expand their scope of education, can enrol 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: 052/ 359-573; mobile: 0888 793 785
email: galina.momcheva@vfu.bggmomcheva@gmail.com

 

Secretary 
Eng. Pavleta Krasteva
VFU “Chernorizets Hrabar” Room D -8
Phone number: 052/359 -572; mobile: 0878 417 494
e-mail:  pavleta.krasteva@vfu.bgpavleta.krasteva@gmail.com