Ventspils College
CONTENTS
The Self-Assessment Report on Bachelor of Business Administration
4
Study Program
The history and characteristics of program design
5
The aim of the program
6
The tasks of the program
6
Structure of program
6
Form of studies
6
Duration of studies:
6
Principles of program organization
6
Volume of program
7
The main requirements of the program to be met by students
7
Assessment of the program in the perspective of national and regional
7
development
Organization of study practice
9
Publicity and information about the opportunities offered by the study
9
program
The number of students and the estimate for the nearest future
10
Conditions for matriculation
10
Assessment of the study work, conditions for awarding academic degree
11
The realization of the study program
11
Academic staff
11
Financing of the study program
12
Provision of the study program’s material and informational basis
12
2
Methodological and organizational work for designing and ensuring the
13
study program
Scientific and practical research level related to the study program
14
Collaboration with other departments of Ventspils College and external
institutions
15
Comparison of the program with analogous study programs
15
Appendix 1. Comparison of credit points relevant to different subjects in
study programs at Ventspils College, USF – University South Florida
(USA), UNBC – University of Northern British Columbia (Canada),
FHW – Fachhochschule Westküste (Germany)
18
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Appendix 2. Content of BBA Study program
Appendix 3. Study Plan
Appendix 4. Bachelor of Business Administration Study program’s Course
Descriptions
Appendix 5. Additional sources of information
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VENTSPILS COLLEGE
DEPARTMENT OF ECONOMICS AND MANAGEMENT
THE SELF-ASSESSMENT REPORT ON
BACHELOR OF BUSINESS ADMINISTRATION
STUDY PROGRAM
Program code 443412
Program Director:
Dr. Math. Asoc. Prof. Jānis Vucāns
1999
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The history and characteristics of program design
The work on the design of Bachelor of Business Administration (BBA) Study
Program was already commenced at the time when Ventspils College was in its process
of establishment. In its initial phase this work was done by the specially formed thinktank under the supervision of Dr. oec. Ivars Brīvers. Other academic staff (mainly from
the University of Latvia) joined the group’s work, as well as advisors from several
foreign countries, the administration and lecturers from the University of Latvia based
EuroFaculty among them.
After the opening of Ventspils College in September, 1997, the further
development of the program was carried out by the lecturers of the Department of
Economics and Management under the guidance of Associate Professor Dr. math.
Andrejs Jaunzems. Since October, 1998, this work is done by the Council of Business
Administration Study Program under the supervision of Associate Professor Dr. math.
Janis Vucāns.
The present version of the program is the result of intensive discussions among the
College lecturers and also among their foreign colleagues (particularly from Westküste
Fachhochschule in Germany). The major issues of discussion were:

defining the rational division of the program content among different areas of
science;

defining more rational ratio between theoretical and practical courses in the
program taking into consideration the role of study practice.
The main requirements the program would have to meet were set by the founding
initiator and the finance provider of Ventspils College – Ventspils City Council. The
following requirements were put forward:
1)
the program should be of economic orientation and the main emphasis should
be laid on the role of management;
2)
it should be of rather practical orientation – particularly directed towards the
real economic situation and entrepreneurial environment in Ventspils and
Ventspils District;
3)
at the same time it should correspond to the relatively high academic
standards thus allowing to the students of Ventspils College academic
migration in European region and providing wider opportunities for their
further education;
4)
the program should attract highly qualified academic staff who understand the
principles of design and realization of similar program not only in the higher
educational establishments in Latvia but also in prestigious foreign
universities.
This self-assessment report tries to answer the question to what extent the
Department of Economics and Management has managed to carry out these – obviously
not very modest – aims over the first two years while designing and putting into practice
the program.
In the process of the program development we had to make several choices –
whether it is going to be an academic or professional program, study program in
economics or in business administration. Each of the variants had its advantages and
disadvantages, but the final version which was adopted by the Ventspils College Council
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of Business Administration Study Program in October, 1998, to a certain extent was a
compromise – the first program of economic orientation at Ventspils College is Bachelor
of Business Administration (BBA) Study Program that provides specialization (after
completing the compulsory courses in the first two academic years) in one of four more
practically oriented areas:
management accounting,
financial management,
marketing management,
logistics management.
The program should meet the following aim and tasks.
Aim of the program:
To prepare management specialists so that their knowledge and skills are in line
with internationally established standards for the first academic degree in business
administration.
Tasks of the program:
1) to provide education that enables students to continue further studies in Master`s
Study Program in Latvia or abroad, to impart students with skills in research work;
2) to provide students with a totality of theoretical knowledge and practical skills in
management, law, analysis of entrepreneurial and economic processes, and in other areas
which allow graduates to successfully develop a career in business environment or
government agencies thus increasing intellectual potential of Ventspils and Latvia;
3) by developing the study program on the system basis and laying emphasis on the
role of management in the rational functioning of economic structures achieve a level of
graduate`s skills that enables them:
a)
to understand and analyze enterprise as an element of business environment;
b)
to understand relationship between enterprise and environment and manager’s
role in building it.
At present the only possible form of studies is full-time studies.
Duration of the studies: four academic years (eight semesters).
Program consists of three parts:
Compulsory (A) part comprises 98 credit points. This part includes basic
courses in the theory of economics, finances, entrepreneurship and management, as well
as accounting, controlling, marketing, logistics, personnel management, strategic and
operative planning, higher mathematics, statistics and econometrics, computer science for
economists, law, logic, philosophy, management psychology and business ethics.
1)
2) Semi-elective (B) part comprises 53 credit points, where at least 20 credit
points (about one study semester) are allotted to specialisation subjects in student’s
specialisation field, but the other credit points are to be earned by choosing electives from
a definite list of courses: law, foreign languages, economics and quantitative methods of
economics.
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Elective (C) part comprises at least 12 credit points, where courses are offered
in second foreign (business) language, general psychology, history of culture, political
science, political philosophy, administration sociology, key problems of modern natural
sciences, history of foreign literature, etc. In this part students can also choose courses
from those offered by Ventspils College based Ventspils Further Education Institute on
the ground of the co-operation contract between Ventspils College and Ventspils Central
Scientific Library.
3)
The volume of the program (credit points)
A part (compulsory courses)
98
B part (semi-elective business courses and related courses)
53
C part (elective courses)
at least 12
Total
163
The content of the study program and the sequence in its realisation determine the
main requirements of the BBA study program to be met by students:
 to acquire the basic knowledge in management, economics, finance,
entrepreneurship, accounting, marketing, logistics, statistics and higher
mathematics, computer science for economists, law, philosophy and psychology
that ensures realization of business administration;
 to acquire extended knowledge in one of the following areas: management
accounting, finance management, marketing management, logistics
management;
 to comprehend psychological and ethical aspects related to business
administration;
 to perfect command of foreign languages (English and/or German) in areas
connected with management;
 to acquire skills of using analytical methods, as well as quantitative methods and
computers in analyses of business situations and in decision making;
 to carry out independent research work (not less than in the amount of 10 weeks
of full load or 10 credit points) in the chosen area of business administration and
summarise the results in Bachelor paper which corresponds to the requirements
for scholarly publications;
 to confirm in bachelor examination the basic knowledge obtained in the period
of studies.
While forming this study program the College faculty carried out a complex
assessment of the study program in the perspective of national and regional
development. They came to the conclusion that the Bachelor Study Program in Business
Administration is of vital importance for successful economic development of Ventspils
and Ventspils District. The Study Program can provide the basis for cooperation between
faculty, students, partner organizations, and representatives of Ventspils businesses,
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formation of research units which will be able to carry out serious studies of practical
character in management, analysis, and prognostication of various business structures.
In this way the Bachelor Study Program and the possibilities of further studies in
Master Study Program it provides will contribute greatly to the formation of a new
generation of well-educated managers in Ventspils and other regions of Latvia. These
managers:

will be competent enough in modern international business environment;

will be able to think and express themselves using both classical and modern
business, economic, financial terms and conceptions;

will be able to realise operational and strategic management of an enterprise;

will assume professional responsibility and make responsible decisions.
It is ascertained that the Latvian labour market has attracted foreign or mixed
capital enterprises and the trend is likely to continue in the nearest future, therefore there
is high demand for professionals of the above-mentioned (management accounting,
financial management, marketing management, logistics management) areas of
specialisation who have very good knowledge of foreign languages and who have studied
at acknowledged Western universities. For that reason the Bachelor Study Program in
Business Administration at Ventspils College envisages that internationally competitive
quality education product is produced here in Latvia.
Comparison of Ventspils College Bachelor of Business Administration Study
Program with analogous programs in Latvia and abroad is given in the respective section
of this Report.
It is natural that the well-educated labour force produced by Ventspils College will
be offered to the businesses and agencies of Ventspils, Ventspils District, and Kurzeme
Region, because in the opinion of program’s creators the above-mentioned four
specialisations in business administration bachelor study program correspond to
perspective demand in the labour market of Ventspils and Western part of Kurzeme.
Contacts of Ventspils College administration and lecturers with Ventspils business
circles only consolidate this conviction – rapid development of financial system is
expected in the nearest future, involving further improvement of financial intermediary
services and development of various insurance markets. Both finance intermediaries and
production, transport an transit business representatives point to acute shortage of skilful
marketing specialists who could qualitatively and profitably explore potential product and
service markets and help to enter them. The same could be said about logistics –
specialisation which helps to find the most convenient and effective ways of transporting
products and raw materials, and providing services.
Ventspils College’s interest in maintaining this program is mainly connected with
the possibilities of strengthening mutually beneficial ties with Ventspils transit business
complex and with other businesses operating in Latvia as well as with municipal and state
administration offices. The existence of these ties creates possibilities for new academic
and applied research, realisation of which is one of the basic functions of Ventspils
College.
In order to strengthen the ties with the potential employers and learn about their
needs and requirements the College facilitates meetings of the College administration and
lecturers with potential employers, as well as tries to find the possibilities for study
practice in companies located in this region.
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Despite the fact that there are already reasonable results in this field (active contacts
are maintained with the most important businesses in Ventspils: joint stock company
“Ventspils Nafta”, joint stock company “Ventamonjaks”, Ventspils Free Port Authority,
and others), Ventspils College should strive for tighter contacts in view of approaching
graduation.
Organization of study practice
The College encourages students to have extra practice in enterprises if it is
connected with entrepreneurial activities and management although the practice is not
compulsory for the bachelor programme. The place of practice is chosen by students
themselves, but it is lecturer’s duty to advise students about suitability of the place for
reaching the set aims and tasks of the practice. In some cases the College acts as an
intermediary in providing practice places (it mainly refers to practice possibilities in
Ventspils or abroad). The College lecturers appointed by the director of study programme
supervise the process of practice, as well as, help students to solve organisational and
professional questions connected with practice. At the end of practice, every student
should hand in to the director of study programme or to his/her authorised person the
Practice Report, which later should be defended. Students receive credit points for the
practice in accordance with the duration of practice, but not more than four credit points,
which correspond to the practice of two months. Students can also take practice in
summer when there is no study process in the College.
Publicity and information about the opportunities offered by the study
program
Information about the BBA study program is available from the Head of the
Council of Business Administration Study Program in Ventspils College Assoc. Prof.
Jānis Vucāns (phone: 3623127, e-mail: [email protected]), from other staff members of
the Department of Economics and Management, from the Department secretary Ildze
Beļska (phone: 3623127, e-mail: [email protected]), from the College home page in the
Internet: http://www.venta.lv. More detailed information about the specialization is
available from the lecturer Inga Jansone (phone: 2628303, e-mail: [email protected]) on
management accounting, from Assoc. Prof. Jānis Vucāns on finance theory, from Assoc.
Prof. Ineta Geipele (phone: 3628303) on marketing management, from Assoc. Prof.
Pēteris Zālīte (phone: 3628303, e-mail: [email protected]) on logistics management.
Since the establishment of the study program the secondary school leavers are
informed about it through specially designed booklets. In 1999 printed posters were
distributed among 200 secondary schools. In addition, every year Ventspils College
provides information in regional and national newspapers. The potential applicants have
always had the opportunity to meet the study program lecturers at the Ventspils College
Information Days during the Easter holidays.
The applicants have used all kinds of offered informational sources.
Taking into account the experience from the previous years the administration of
the College and the study program have come to the conclusion that in the advertising
campaign it is more effective to use allocated resources if the target audience – the
potential applicants – are addressed directly, i.e., the information is offered at schools, the
College students are involved in the advertising campaign etc.
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The number of students and the estimate for the nearest future
During the first two years following the foundation of Ventspils College 70
students have been enrolled in BBA study program yearly. The same number remains in
1999 but starting with the year 2000 Ventspils College plans to enrol in this study
program 120 students.
The work experience of the College and Department administration on the
conception of college development has led to the conclusion that it is purposeful to
increase the number of students studying in this program up to 120 in order to use the
College’s potential and organize the study process as effectively as possible.
Simultaneously, it will be possible to provide all four specialization areas with highly
qualified lecturers.
As a result the ratio of the number of students to the number of the lecturers
involved in this program would increase from 12 students per lecturer in 1999 to 16
students per lecturer in 2004. It would make a substantial reduction of costs calculated on
one student.
In 2001 Ventspils College intends to open the Master’s Study Program in the
respective branch of science enrolling 40 students. Assuming that approximately one
third of those studying in the Bachelor’s Program may wish to continue their studies in
the Master’s Program (according to the experience of other universities) it can be
concluded that the number of students to be enrolled in the Bachelor’s Program (120) is
reasonable also from this point of view. It should be mentioned that according to
estimates it is not economical for the College to enrol in Master’s Study Program less
than 40 students in one study program. It should be also mentioned that the surveys
carried out by Ventspils Adult Education Centre in the businesses of Ventspils and
Ventspils District show that a considerable number of people would like to study business
and economics in Master’s Study Programs in their city.
Conditions for matriculation
In accordance with the matriculation regulations of Ventspils College (Appendix 3,
Vol. I, p. 79), citizens or permanent residents of the Republic of Latvia, as well as
foreigners with secondary education, who successfully passed entrance examinations and
competition can become students of Ventspils College. The time and content of the
entrance examinations are determined by the Entrance Examination Commission.
Applying for entrance to Ventspils College and study payment from the state and
Ventspils City local budget applicants for Business Administration Bachelor Study
Program have to undergo competition with examinations in mathematics and foreign
language. Recipients of awards in national, European, and World schoolchildren
competition in economics, mathematics, computer science, physics, chemistry have got
the right to be accepted in the Study Program with state budget support beyond
competition.
Applicants who hand in for the entrance examination commission a certificate of
successfully passed centralised final exam in foreign language are acquitted from this
exam and the grade indicated in the certificate is counted as the examination in foreign
language.
Applicants who have passed the competition have got the rights to enrol in the
corresponding studies program up to the date, set by the commission of competition. In
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case, successful applicants in Business Administration Bachelor Study Program have not
enrolled by the set date, the rights to enrol proceed to the applicants in turn order.
Assessment of study work, conditions for awarding academic degree
Assessment of knowledge in separate study courses is defined by assessment
standards approved by Ventspils College– 10-grade scale. Due to that, students receive
credit points for a particular subject within the range of successful estimation from 4
(almost satisfactory) up to 10 (eminent) (Appendix 3, Vol. I, p. 86). To obtain the
academic degree Bachelor of Business Administration students have to satisfy all
requirements of the study program successfully, including successful defence of the
bachelor paper and passing bachelor examination. Possibility to defend bachelor paper
and take bachelor exam is only provided for those students who have passed all required
study courses and successfully fulfilled all other qualifications envisaged in the program.
The awarded academic degree – Bachelor of Business Administration – with
additional entry about the acquired specialisation (specialisations) – Management
Accounting, Financial Management, Marketing Management and Logistics
Management – is certified by a Bachelor Diploma, issued by Ventspils College.
The realization of the study program
Up to the end of the second year since Ventspils College has started its educational
work – till June, 1999 – the academic staff of following qualification has been involved
in the realization of the BBA Study Program:
10 Doctors of Science (6 of them are from the Management Studies Department),
9 Masters of Science (5 of them are from the Management Study Department),
5 lecturers studying for Master’s degree,
2 lecturers with higher education (five-year education).
The following teachers has been involved the realization of BBA study program:
Assoc. Prof. Ineta Geipele, Dr. oec. ;
Assoc. Prof. Andrejs Jaunzems, Dr. math.;
Assoc. Prof. Edgars Kassalis, Dr. oec. ;
Assoc. Prof. Andris Klauss, Dr. oec. ;
Assoc. Prof. Igors Šuvajevs, Dr. Phylos.;
Assoc. Prof. Jānis Vucāns, Dr. math.;
Assoc. Prof. Maija Baltiņa, Dr. Philol.;
Assoc. Prof. Vija Sīle, Dr. Philos.;
Assoc. Prof. Viesturs Reņģe, Dr. psych.;
Assist Prof. Astra Skrābane, Dr. Philol.;
Assist Prof. Antons Petrovskis, Master of law;
Assist Prof. Pēteris Zālīte, MBA;
Lecturer Ilze Balode, Master of math.;
Lecturer Inga Jansone, Master of oec.;
Lecturer Līga Ofkante, Master of oec.;
Lecturer Ilze Ruža, MA;
Lecturer Ilze Straupmane, MA;
Lecturer Agnese Dubova, MEd;
Lecturer Maruta Koha, MEd program student;
Lecturer Dace Korna, MA program student;
Junior Lecturer Diāna Pavlovska, MEd program student;
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Junior Lecturer Lāsma Sīle, MEd;
Junior Lecturer Ieva Vizule, MEd program student;
Junior Lecturer Gints Neimanis;
Junior Lecturer Gaidis Sēja.
In the academic year 1999/2000 4 Doctors of Science and 2 Masters of Science will
join the present academic staff and it is likely that the candidates for Master’s degree will
have finished their studies in Master’s programs. To secure the realization of the Study
Program an open competition is announced and lecturers are selected. Competitive
salaries corresponding to the quality of work are guaranteed.
Financing of the Study Program
At present the study program is fully financed from the municipal budget of
Ventspils City .
According to Directive No 384, issued on 23 July, 1997, by the Cabinet of
Ministers of the Republic of Latvia and Agreement of 1 September, 1997, between
Ventspils City Council and the Cabinet of Ministers of the Republic of Latvia “Financing
of Ventspils College”, it was envisaged to finance the Bachelor of Business
Administration Study Program by the state budget and Ventspils City budget means
starting from 1999 (the number of students financed by the budget is decided by the
Ministry of Education). However, in the first half of 1999 the means from the state
budget for the study program, as well as for the Ventspils College in total, are not
allocated.
Provision of study program’s material and informative basis
Ventspils College material and informative basis is used in order to secure Bachelor
of Business Administration Study Program. Lectures (classes) take place in the premises
of Ventspils College at 101 Inženieru Street, Ventspils. Students can use Ventspils
Central Library and Ventspils College Library resources. A linguistics room with 12
workplaces for students and 1 place for lecturer (there are 13 tape recorders, a video
recorder, Multimedia PC and satellite receiver in the room) and a computer linguistic
laboratory with 12 workplaces for students ( 12 Multimedia PC with CD ROM
equipment) for interactive language training and use of other programs are available for
classes as well as students` individual work. Ventspils College has 3 computer rooms
with appropriate hardware and software and permanent access to Internet. Ventspils
College has a Web server and all students and lecturers have their own e-mail boxes.
College’s computer facilities are regularly renewed by obtaining new high-powered
computers, Multimedia equipment and appropriate software.
Students and faculty enjoy services of Ventspils Central Scientific Library. There is
a branch division of Ventspils Central Library in Ventspils College, its stocks in January
1999 comprised 7 000 books and 300 audio-visual materials ( audio and video cassettes,
CD-ROM) dealing with enterpreneurship, economics, finance, marketing, law,
philosophy, psychology, philology, translation science, literature, etc. Nearly 5000 books
are in foreign languages (2970 – English, 1799 – German, 643 – Russian). Large stocks
of in fiction, the humanities and technical spheres are available in Ventspils Central
Library at 2 Akmeņu Street. All publications are stored in electronic catalogue and
readers` service is automated. All automation is ensured by IT ALISE software.
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In order to secure successful study process, library’s stocks are continuously
enlarged with latest, internationally acknowledged textbooks, scientific literature and
periodicals. Necessary textbooks, scientific and reference literature in Latvian are also
acquired. The acquisition of new publications is coordinated by the Advisory Board of
the library. Faculty of Ventspils College take active part in it using the latest catalogs of
publishing houses and Internet possibilities.
For PE classes students can use Ventspils Olympic Sports Center at 29–1 Lielais
Prospekts, a swimming pool at 1 Sarkanmuižas Dambis and sports games ground in the
College’s garden.
Methodological and organizational work for designing and ensuring the
program
In accordance with the resolution of College’s Senate the Management Study
Programs Council has been formed in order to design bachelor program and ensure
further development of this program. The Council consists of 13 people (3 seats are for
student representatives, 2 seats for Ventspils employers – experts in program’s
specialization areas, but 8 are for Ventspils College faculty. The Program’s Council has a
chairman, a vice-chairman and a secretary. The Management Study Programs Council
chairman is also Bachelor of Business Administration Study Program director.
The Council works out suggestions and decides about questions concerning the
content of program, as well as choose lecturers, select study literature, software and
hardware and decide about educational excursions. Ventspils College is a new college
and its leading teaching staff have gained their academical experience in other
universities and colleges of Latvia and foreign colleges and research institutions. The
biggest part of their books, scientific works and study materials are written there. Within
two academic years since the foundation of Ventspils College the number of publications
and materials has increased. They are mostly meant to support methodological basis of
the study program.
In classes lecturers widely use teaching aids and sets of methodological materials
compiled by themselves. Teaching aid sets are gradually published in paper form and also
arranged for public access in Internet. Projection facilities: overheads as well as
computers are used to display study materials. In several subjects where complex
computation or access to various electronic databases (statistical, legislative, etc.) is
needed classes are conducted in PC classes. As to the independent work, students are also
provided with Internet addresses for searching additional teaching materials.
To date, Ventspils College publishing house has published the following teaching
aids that are designed for Bachelor of Business Administration study Program:
A.Klauss, Entrepreneurship. Materials of Lectures. 1998, 216 pages, ISBN-9984648-00-1;
A.Klauss, Management theory. Graphical Materials of Lectures. Ventspils College,
1996, 66 pages, ISBN-9984-648-36-2;
J.Vucâns Tasks for independent work in numerical methods of optimisation.
Ventspils College, 1999, 24 pages, ISBN -9984-648-24-9.
There are also other practically tested teaching aids which are to be published next
year.
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At the same time the overload resulting from simultaneous preparation of several
courses has been a hindering factor for lecturers’ research work in relation to the study
program profile. In the nearest future this work should be expanded taking into account
the interests of Ventspils City businesses and institutions.
Scientific and practical research level related to the study program
Research experience has been accumulated while working on the project “Ventspils
– Place for Entrepreneurship”. Its subproject is “Factors that are affecting the choice of
place of business by international investors” ( Associated Professor A.Klauss, student
M.Lauva, research carried out with the assistance of Ventspils City Council). Preparatory
work is being done for the subproject “Business Place Marketing” (Associated Professor
A.Klauss, student E.Klausa and 2 associates from Ventspils Development Agency,
research will be carried out with the financial support of Ventspils Development Agency)
and “Business Place – Ventspils – Informational Systems” (students M.Lauva and
R.Jansons, research will be carried out with the financial support of Ventspils City
Council).
Research has been carried out in mathematical analysis of economic, financial and
management models and results have been published (Associated Professor A. Jaunzems,
Associated Professor J.Vucāns).
Research has been carried out on leasing as a way to achieve marketing goals and
results have been published (Associated Professor I.Geipele).
Issues related to the introduction of Euro in the countries of European Community,
as well as the impact of introduction of Euro on Latvian economy have been analyzed
(Associated Professor E.Kassalis).
Logistics prospects in Ventspils transit business complex have been analyzed
(Docent P.Zālīte). In May 1999 the conference “The Role of Transit in the Economy of
Latvia” was held at SSE Riga. It was organized by Ventspils College in collaboration
with Ventspils Development Agency and joint-stock company Ventspils Nafta. Among
the speakers were administrators of largest Latvian ports, president of Latvian Transit
Business Association, representatives of Ministry of Transportation and European
Integration Bureau. Ventspils College student J. Ērglis read a paper at the conference.
Students J. Ērglis and A. Zusts together with Associated Professors A. Klauss and M.
Baltiņa took part in the organizational work of the conference. (for conference materials
see Appendix).
In collaboration with the Institute of Mathematics and Computer Science of the
University of Latvia and Millennium Institute in Washington and with the financial
support of Ventspils City Council a pilot project on development and approbation of
Latvian economic computerized model has been planned (Associated Professor
J.Vucāns).
There are plans to join in computerization process of Ventspils and Ventspils
District by forming databases that are based on Internet technologies (assistant lecturers
G.Neimanis and G.Sēja, students E.Ščerbaks, J.Tihomirovs, and A.Leonovičs), working
out informative scheme of logistics for Ventspils Free Port management (in cooperation
with LIS – Latvian Informational Systems).
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In April, 1999, Ventspils College in cooperation with Ventspils City Council and
Ventspils Development Agency organized a seminar on the Internet – how to use its
services in further development of Ventspils City.
Collaboration with other departments of Ventspils College and external
institutions
The BBA Study Program is basically supported by the full-time staff of the
Department of Economics and Management. Language courses and some electives are
organized in cooperation with the Department of Translation Studies. Starting with the
academic year 1999/2000 some of the electives are planned to be delivered in cooperation
with Ventspils Central Scientific Library (director I. Buņķe) based Ventspils Further
Education Institute (director Dr. A. Rubenis).
A productive academic cooperation has developed with Westküste Fachhochschule
in Heide, Germany. A number of times professors of this college have visited Ventspils
College delivering courses in accounting (Prof. Dr. H. Hirsch) and logistics (Prof. Dr. H.
Beckman) and also taking part in the design of BBA Study Program (also the Rector of
the college Prof. Dr. H.-J. Block). Besides, during the winter holidays in 1998 and 1999
groups of students who speak German visited Westküste College and attended intensive
course in entrepreneurship. After successfully passed tests the students were awarded
certificates issued by this college.
EuroFaculty: Tartu – Riga – Vilnius has been an important partner in the design and
realization of the Study Program and provided the advisory support from the very
beginning. Several lecturers of the Study Program have gained the experience as
participants of EuroFaculty courses, and later as the lecturers or advisors to guest
lecturers (Associated Professors E. Kassalis, A. Jaunzems, J. Vucāns). In order to
maintain intensive and active work during the realization of the Study Program Ventspils
College invites guest lecturers from EuroFaculty to read lectures on topical subjects
related to the study program (Prof. Dr. A. Saether, Assoc. Prof. A. Vanags and others).
In order to get more information about definite sectors and current trends of the
market staff members participate in the work of or keep close ties with corresponding
institutions, professional unions or associations (Latvia’s Securities Market Commission
– Assoc. Prof. A. Klauss; Latvia’s Actuary Association – Assoc. Prof. J. Vucāns, Latvia’s
Statistics Association – Assoc. Prof. A. Jaunzems and J. Vucāns, lecturer I. Balode, etc.).
These contacts and the obtained information is of great help in the design of courses and
in the process of finding positions for study practice.
The College looks for wider possibilities of closer cooperation with the enterprises
in Ventspils and Ventspils District, state and local authorities, with banks, insurance
companies etc.
Comparison of the Study Program with analogous study programs in the
colleges and universities of Latvia and foreign countries
At the present moment business administration bachelor study program in Latvia is
also realized in the University of Latvia (the Faculty of Economics and Management).
A certain standard of general studies courses which have to be compulsory included
in the programs of business administration studies has been established in many countries
and now in Latvia, too. This standardized part contains, for example, basic courses in the
15
theory of economics, finances, entrepreneurship and management, accounting, statistics
and higher mathematics, computer science for economists, law, philosophy and
psychology.
Ventspils College intends to take its specific place in the system of higher
education in Latvia by forming the semi-elective (specialization) section of the program
according to the existing and potential labor market demands in Latvia, in Europe and in
other parts of the world.
Starting with the third year, students of the Business Administration Bachelor Study
Program will have an opportunity to choose one of four directions in which he/she would
like to specialize:

Management accounting,

Financial management,

Marketing management,

Logistics management.
Ventspils College was founded in 1997, therefore the first group of students will
start the third study year only in the autumn of 1999. But already now the College has
worked out the program for the above-mentioned specializations and prospective teachers
of the courses are being selected. All the specialization courses are formed so, that, next
to mastering of special subjects, the main emphasis is put on management.
The Department of Economics and Management ensures its Business
Administration Bachelor Study Program’s conformity to the international standards,
keeping up close relations with foreign partners in Germany (Westküste
Fachhochschule), in Ireland (Carlow Technological Institute) and in Norway ( Agder
College). Ventspils College gives opportunities to the best students to study and practice
for a certain period abroad. Department’s staff members make use of foreign contacts for
improving professional qualifications.
The Department of Economics and Management of Ventspils College is convinced
that maximum flexibility should be maintained in order to adapt to the situation if the
labor market trends change. Study programs also should be formed so that
undergraduates and students who have already graduated from the College could adapt to
the new conditions of the labor market. Lecturers` work is directed to that, too.
To date, the Business Administration Bachelor Study Program in Ventspils College
has been designed to confirm to the basic principles of programs developed in
universities of Europe and universities of North America. The table in Supplement 1
shows the content of our study program (measured in credit points) in comparison with
similar programs of several foreign universities.
To date, the Business Administration Bachelor Study Program in Ventspils College
has been designed to confirm to the basic principles of programs developed in
universities of Europe and universities of North America. The table in Supplement 1
shows the content of our study program (measured in credit points) in comparison with
similar programs of several foreign universities.
The content of the Study Program is shown in appendix Nr. 2 but the plan of its
realization – in appendix Nr. 3.
16
The Ventspils College’s Council of BBA Study Program, which has taken upon
itself the function of the Self-Assessment Commission of BBA Study Program, has
come to the conclusion that the comparison with similar study programs in foreign
universities shows the conformity of the Ventspils College BBA Study Program to
the international requirements put forward for such kind of academic study
programs.
Director of the Program
Dr.math, Assoc. Prof.
Jānis Vucāns
18 June 1999
17
APPENDIX 1. COMPARISON OF CREDIT POINTS RELEVANT TO DIFFERENT SUBJECTS
IN STUDY PROGRAMS AT VeA - VENTSPILS COLLEGE, USF - UNIVERSITY OF SOUTH
FLORIDA (USA), UNBC – UNIVERSITY OF NORTHERN BRITISH COLUMBIA (CANADA),
FHW - FACHHOCHSCHULE WESTKÜSTE (GERMANY)
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
Course Title
VeA
USF
(ASV)
UNBC FHW
(Canada) (Germany)
Degree or qualification to be awarded
BBA
BA/B.Sc.
BCom
Principles of entrepreneurship
Management theory
Human Resources Management
Microeconomics
Macroeconomics
Finance Theory
Principles of Accounting
Finance Accounting
Taxes and Duties
Management Accounting
Principles of Marketing
Principles of Logistics / Production and
Exploitation Management
Strategic and Operative Planning / Management
Science
Principles of Controlling
Dpl BW
6
4
3
6
4
3
2
4
1
4
4
4
4
4
4
4
4
4
4
4
4
4
8
8
8
4
8
4
4
2
2
4
4
4
4
4
4
4
4
3
4
4
-
4
-
-
2
4
4
10
8
8
10
8
4
12
4
4
-
6
8
6
16
-
-
10
4
4
24-36
20-28
18
Computer Science for Economists / Information
8
Systems of Enterprises
Quantitative Methods (Analysis, Algebra,
8
Finance Mathematics, and Principles of
Optimization Theory)
Statistics and Econometrics
8
Private Law
4+5
Special Purpose Foreign Language / Business
14
English (Deutsch)
Compulsory Human and Social Subjects
8
Course Paper
4
Bachelor Paper / Diploma Project
10
Bachelor Examination
Without
credit p.
Elective Courses in Economics
4
Elective Courses in Quantitative Methods
4
Elective Courses in Office Work and in Labor
2
Security
27.
28.
Specialization Courses in the Area of Each
Specialization (including up to 4 credit points
on praxis in the case of VeA)
Free Elective Courses
18
20
12
29.
30.
Other Courses
Total of Credit Points in the Program
163
***
160
***
160
***
154
*** - Number of missing credit points to get in total of credit points mentioned in the 30 th row.
APPENDIX 2. CONTENT OF BBA STUDY PROGRAM
№.
Credit points
Type of
Lecturer
Study Course
Assessment
Part A (98 credit points)
Compulsory Courses in Humanities (8 credit points)
31.
Logic and Rhetoric
2
Examination I.Šuvajevs
32.
Philosophy
2
Examination I.Šuvajevs
33.
Managerial Psychology
2
Examination V.Reņģe
34.
Managerial Ethics
2
Examination A.Klauss, M.Klausa
Compulsory Courses in Economic Theory (10 credit points)
35.
Microeconomics I
3
Examination A.Jaunzems
36.
Microeconomics II
3
Examination A.Jaunzems
37.
Macroeconomics
4
Examination E.Kassalis
Compulsory Courses in Business and Management Theory, and in Controlling (20 credit points)
38.
Entrepreneurship I
3
Examination A.Klauss
39.
Entrepreneurship II
3
Examination A.Klauss
40.
Management Theory
4
Examination A.Klauss
41.
Strategic and Operative Planning
3
Examination I.Geipele
42.
Human Resources Management
3
Examination J.Vucāns
43.
Controlling
4
Examination A.Klauss u.c.
Compulsory Courses in Finance and External Accounting (10 credit points)
44.
Principles of Finance Theory
3
Examination J.Vucāns
45.
Principles of Accounting
2
Test
I.Jansone, L.Ofkante
46.
Financial Accounting
4
Examination I.Jansone, L.Ofkante
47.
Taxes and duties
1
Examination
Compulsory Course in Cost (Management) Accounting (4 credit points)
48.
Management Accounting
4
Examination I.Jansone, L.Ofkante
Compulsory Course in Marketing (4 credit points)
49.
Marketing
4
Examination I.Geipele
Compulsory Course in Logistics (4 credit points)
50.
Principles of Logistics
4
Examination R.Šķērītis
Compulsory Courses in Mathematics and Quantitative Methods (16 credit points)
51.
Mathematics I
4
Examination A.Jaunzems, I.Balode
Mathematics II
52.
4
Examination A.Jaunzems, I.Balode
53.
Statistics
4
Examination A.Jaunzems, I.Balode
54.
Econometrics
4
Examination A.Jaunzems, I.Balode
Compulsory Courses in Computer Science (8 credit points)
55.
Computer Science for
4
Examination U.Rozevskis
Economists I
56.
Computer Science for
4
Examination U.Rozevskis
Economists II
19
57.
58.
59.
Compulsory Course in Law (4 credit points)
Private Law
4
Examination A.Petrovskis
Bachelor examinations (10 credit points)
Bachelor Paper
10
Defense with
mark
Bachelor examination
Examination
20
Semi-elective courses (Part B); choice from the list of definite subjects;
in total at least 53 credit points must be collected, 20 of them – from the list of specialization subjects)
Course (annual) paper (4 credit points)
1.
Course paper
4
Defence with
mark
Courses in Law (at least 5 credit points)
2.
3.
4.
International Private Law
Public Law
Principles of the Civil Procedure
Law
3
2
2
Examination A.Petrovskis
Examination A.Petrovskis
Examination A.Petrovskis
Courses in Office Work and in Labor Security (at least 2 credit points)
5.
6.
Labor Security and Civil Defence
Office work and its automation
7.
Foreign Language
German) I
Foreign Language
German) II
Foreign Language
German) III
Foreign Language
German) IV
2
2
Examination
Examination
Foreign Languages Courses (at least 14 credit points)
8.
9.
10.
(English or
4
(English or
4
(English or
3
(English or
3
Examination Lecturers from Dept. of
Translation Studies
Examination Lecturers from Dept. of
Translation Studies
Examination Lecturers from Dept. of
Translation Studies
Examination Lecturers from Dept. of
Translation Studies
Courses in Economics (at least 4 credit points)
11.
12.
13.
Money and Banking
Economic Growth Theory
International Economic and
Finance Organizations (including
questions of European economic
integration)
4
4
2
Examination E.Kassalis
Examination J.Vucāns
Examination E.Kassalis
Courses in Quantitative Methods (at least 4 credit points)
14.
15.
16.
17.
National counts and input –
output analysis
Numerical optimization
Applied Problems of
Optimization in Economics and
Management Science
Operations Research
2
Examination A.Jaunzems
2
4
Test
J.Vucāns
Examination J.Vucāns
4
Examination A.Jaunzems, I.Balode
Elective courses in chosen specialization (at least 20 credit points)
See the List of Specialization Subjects
Free Elective Courses (Part C )
(at least 12 credit points, desirable – 16 credit points)
Courses from the List of Free Elective Courses offered by Ventspils College
21
List of Specialization Subjects
N.
Logistics Management
(P.Zālīte)
1.
Transport Industry and
State
(4, ex, P.Zālīte)
2.
Introduction into Shipping and Ports Operations (1, ex,
)
Logistics Management
(4, ex, P.Zālīte )
3.
4.
5.
6.
7.
8.
Marketing
Management
(I.Geipele)
International Marketing
and International
Trading
(4, ex, I.Geipele)
Promotion Management
(2, ex,
)
Management
Financial
Accounting
Management
(I.Jansone)
(J.Vucāns)
Financial Accounting II
( 4 , ex, I.Jansone, L.Ofkante)
Financial Analysis of
Enterprise
6.sem
(2, ex,
)
Marketing Planning
(4, ex,
)
International
Accounting ( 4 , ex,
I.Jansone, L.Ofkante)
Revision and Audit
(4 , ex, I.Jansone,
L.Ofkante )
Banking Accounting
( 2 , ex.
)
Marketing Management
(4, ex,
)
Insurance Accounting
( 2 , ex,
)
Introduction into
Railway Transport
(1, ex,
)
Logistics II
(3, ex, P.Zālīte)
Marketing Research
(4, ex,
)
Quality Management
(2,
test )
Assessment of
Enterprises
(2, ex,
)
Customs Questions
(2 , ex,
)
Introduction into Air
Transport
(1, ex,
)
Marketing Psychology
(2, ex,
)
Cost Accounting
(4, ex,
)
Introduction into
Automobile Transport
(1, ex,
)
Transport Economics
(3, ex,
)
9.
Operations with
Securities
(3, ex, A.Klauss)
Business Etiquette
(2, ex,J.Bolis)
Financial Mathematics
(2, ex, A.Jaunzems,
J.Vucāns )
Financial Analysis of
Enterprise
6.sem
(2, ex,
)
Investments and
Security Analysis
(4, ex, J.Vucāns)
Introduction into
Insurance
(theoretical principles,
law, types, praxis)
(4, ex, J.Vucāns)
Specialization Seminar
in Finance
(2, test
)
Service Marketing
(1, test,
)
Specialization Elective Courses and Commentary
1.
Management of
Transport Projects
(2, ex,
)
Semi - Elective Course:
International Private
Law
2.
Port Operations and
Administration
(2, ex,
)
Semi - Elective Course:
International Economic
and Finance
Organizations (2, test)
3.
Supply Chains
Management
(3, ex,
)
Semi - Elective Course:
Operations Research
4.
22
Computer Tools of
Accounting may be
taught in the course
Computer Science for
Economists
Semi - Elective Course:
Money and Banking
Semi - Elective Course:
Operations Research
APPENDIX 3.
STUDY PLAN
Study courses \ Semester
N.
1. Logic and Rhetoric
2. Foreign Language I
3. Mathematics I
4. Microeconomics I
5. Entrepreneurship I
1.
2
4
4
3
3
6.
Free Elective Course
(Part C ; desirable – Introduction into
Computer Science)
(4)
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Statistics
Foreign Language II
Microeconomics II
Management Theory
Principles of Accounting
Entrepreneurship II
Mathematics II
Econometrics
Foreign Language III
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
Philosophy
Macroeconomics
Financial Accounting
Principles of Finance Theory
Marketing
Principles of Logistics
Foreign Language IV
Managerial Psychology
Private Law
Management Accounting
Free Elective Course (Part C ; desirable –
Managerial Sociology)
2
30.
31.
32.
33.
34.
35.
36.
37.
38.
40.
41.
42.
43.
44.
Computer Science for Economists I
Taxes and Duties
Elective Course in Law
Elective Courses in Specialization
Human Resources Management
Managerial Ethics
Computer Science for Economists II
Elective Course in Economics
Elective Course in Law
Elective Courses in Specialization
4
1
3
6
3
2.
3.
4.
5.
6.
7.
8.
4
4
3
4
2
3
4
4
3
2
Free Elective Course (Part C ; desirable –
General Psychology)
2
4
4
3
4
4
3
2
4
4
3
4
Strategic and Operative Planning
Course Paper
2
4
4
2
8
Free Elective Courses (Part C)
4
4
6
4
Controlling
Elective Courses in Specialty
Elective Courses in Quantitative
Methods
45. Free Elective Courses (Part C)
46. Elective Course in Office Work and in
4
2
Labor Security
23
47. Bachelor Paper
48. Bachelor Examination
163 20
(24)
24
24
22
24
19
20
18
10
16
Appendix 4. Bachelor of Business Administration Study program’s Course
Descriptions
25
Course Title: Philosophy
Course is included:
in part A
Aim of the course:
to introduce the students to the history of philosophy and its
main problems. Particular attention is paid to questions concerning the art of living:
necessity to develop skills of living and speaking with oneself and the others. The
course examines «the greatest» philosophical systems, the main philosophical
concepts and the major philosophical findings of today.
Course Outline:
1. Philosophy as a special form of life or art of living.
2. Philosophical disciplines both in ancient world and modern world.
3. Specific character of the language of philosophy.
4. Concept «self concern» and its transformation in the course of history.
5. The practice of pleasure and the dietetic.
6. Homiletic or the art of communication.
7. Problems of economy and ecology.
8. Spiritual exercises of Christianity.
9. The art of living in the teaching of Stoa and studia humanitatis.
10. The Age of Enlightenment and concept of obligation.
11. Problematics corncerning freedom and responsibility.
12. Great thinkers ¨ Plato, Aristotle, Epicurus, Seneca, Augustine, Thomas Aquinas,
Kant, Hegel, Nietzsche and others.
Total of Contact Hours: 32 academic hours in the third term.
Type of Assessment: examination.
Number of Credit Points: 2.
Related Subjects:
1. basic knowledge of foreign languages;
2. usefulness for life (developing an ethical attitude);
3. it helps to understand the problems of translation.
Author of Course Description:
Dr. phil. Igors Šuvajevs.
Supervising Teacher of the Course: Dr. phil. Igors Šuvajevs.
Basic Sources:
Šuvajevs I. Psihoanalīze un dzīves māklsa. Rìga, 1998.
Šuvajevs I. Prelūdijas. Rìga, 1998.
Scmid W. Philosophie der Lebenskunst. Frankfurt/M., 1998.
Foucault M. Histoire de la sexualité. Paris, 1976 - 1984.
Hadot P. Qu’est-ce que la philosophie antique? Paris, 1995.
Böhme G. Einführung in die Philosophie. Frankfurt/M., 1997.
26
Course Title: Managerial Psychology
Course is included in: part A
Aim of the Course: to introduce students to the foundations of Managerial
psychology. To provide principles regarding work motivation, individual and group
interaction in organizations, power and leadership, communication and organizational
culture. To introduce the psychological aspects of personnel selection and career,
organization development.
Course Outline:
1. The development of Managerial psychology. Different approaches : ,,Economical
man”, ,,Social man”, ,,Creative man”. Management`s sociopsychological
functions and effectiveness.
2. Work motivation. Motivation theories : Maslow, Herzberg, McClelland. Process
theories expectancy theory, equity theory.
3. Groups and their classification. Formal and informal groups. Group dynamics :
development, cohesiveness, climate, conformity.
4. Power, ethics and politics in organizations. Conflicts and their solution.
5. Leadership. Trait theory. Behavioral theories : the Michigan and Ohio studies.
Situational theories : Hersey and Blanchard, Fiedler, Vroom. Transformational
leadership.
6. Communicating within organization. Vertical and horizontal communications.
Comunication skills : listening, convincing, feedback. The decision - making
process.
7. Psychological aspects of personnel selection. Professional careers from a
psychological viewpoint.
8. Organization development. Organization culture and its types. Effective
teambuilding.
Total of Contact Hours:
32, including 28 lecture hours and 4 practical hours.
Type of Assessment: written examination. To be allowed to take the examination,
student during the term should successfully pass two tests; assessment of these tests
will be taken in to account for the final mark.
Requirements for Obtaining Credit Points:
and examination.
Number of Credit Points:
succesfull passing two mid - term tests
2
Course Prerequisites: General psychology
Related Subjects:
the course is related to such courses as Foundations of
Management, Personnel management, Organizational sociology.
Author of Course Description:
Assoc. Prof. Dr. psych. Viesturs Renge
Supervising Teacher of the Course: Assoc. Prof. Dr. psych. Viesturs Renge.
Basic Sources:
Forands I. Personālvadība. Rīga, 1998.
Omarova S. Cilvēks dzīvo grupā. Sociālā psiholoģija. Rīga, 1996.
Ivancevich J. M., Matteson M.T. Organizational Behavior and Management. Boston,
1990.
Luthans F. Organizational Behavior. New York, 1995.
27
Course Title:
Management Ethics
Course is included in: part A
Aim of the Course: to impart students with knowledge of busines culture, ethical
aspects of management, to help students to obtain adequate moral competence.
Course Outline:
1. Business culture.
2. Essence and categories of ethics.
3. Management ethics – a branch of practical ethics.
4. Value systems and ethical motivation.
5. Ethical duties and social responsibility of an enterprise and its manager.
6. Ethical aspects of power.
7. Technology of management ethics.
8. Ethics of personnel management.
Total of Contact Hours:
32
Type of Assessment: exam
Number of Credit Points: 3
Course Prerequisites: knowledge of management, bussnes and philosophy.
Related Subjects: philosophy, management theory, psychology of management,
personnel management.
Author of Course Description: Māra Klausa
Supervising Teacher of the Course: Māra Klausa
Basic Sources :
Staffelbach Bruno. Management ß Ethik. Bern: Paul Haupt Verlag, 1994. – 477 S.
Grimm Bernhard. Ethik des Fuhrens. München : Wirtschaftsverlag Langen Muller,
1994. – 347 S.
De George R.T. Business Ethics – 4 th ed. – New Jersey : Prentice Hall, 1995. –591 p.
28
Course Title: MICROECONOMICS I
Course is included in part A
Aim of the Course: to make students familiar with the basic concepts and principles of
market economies, consumer behavior, essentials of supply and demand, equilibrium,
Pareto optimality.
Course Outline:
1. Consumer behavior: maximizing of utility through optimal choice of bundle, MRS
condition. Demand, consumer surplus. Decomposition of Slutsky and Hicks.
2. Definition of perfect competition. Market demand. Elasticity of demand, income
elasticity, cross elasticity. Marginal revenue.
3. Market supply. Producer surplus.
4. Market equilibrium, Pareto efficiency of equilibrium. Government intervence in a
market: taxes, subsidies, floor price, price ceiling, rationing. Deadweight loss
DWL.
5. National trade theory: export, import.
6. Production: technology, production function. Short run and long run, CRS, IRS,
DRS.
7. Producer behavior: maximizing of profit through optimal choice of inputs, TRS
condition; demand for factors.
Total of Contact Hours: 48, including 32 hours of lectures and 16 hours of seminars.
Type of Assessment: two midsemester examinations, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 3
Course Prerequisites: mathematics, statistics.
Related Subjects: entrepreneurship, macroeconomics, econometrics, marketing,
financial management, operations research.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Sources:
Hal R. Varian. Intermediate Microeconomics. A Modern Approach. 4th Edition.  W.
W. Norton & Co, 1996.
Arthur A. Thompson, John P. Formby. Economics of the Firm. 6th Edition.  Prentice
Hall, 1993.
Edwin Mansfield. Microeconomics. Theory and Applications. 8th Edition.  W. W.
Norton & Co, 1994.
Varian Hal. R. Grundzüge der Mikroökonomik. 3. Auflage.  R. Oldenbourg Verlag,
1995.
29
Course title:
MICROECONOMICS II
Course is included in: part A
Aim of the course: to make students familiar with the basic concepts and principles of
the economics of the firm. To develop understanding of producer behavior in a
competitive market environment, essentials of supply of firm and supply of industry.
To make students familiar with behavoir of monopoly and monopsony, to examine
concept of oligopoly. To examine basic concepts and principles of welfare economics.
Course outlines:
1. Cost minimization in the short run and in the long run. VC, FC, TC, AC, AVC, MC
curves.
2. Behavior of producers: profit maximization via choosing optimal level of output. Supply
of firm. Supply of industry in the short run.
3. Supply of industry in the long run. CCI, ICI, DCI.
4. Monopoly. Inefficiency of monopoly, DWL. Price discrimination.
5. Factor markets. Demand for factors in case of monopoly. Monopsony.
6. An outline of oligopoly.
7. Welfare economics: 222. Pareto efficiency in production and distribution.
Edgeworth boxes.
1. Social welfare function. The first and the second welfare theorems.
8. Externalities. Public goods.
Total of contact hours: 48, including 32 hours of lectures and 16 hours of seminars.
Type of assesment: two midsemester examinations, final examinations.
Requirements for obtaining credit points: 75% attendance, successful passing of
midsemester and final examinations.
Credit points: 3
Course prerequisites: mathematics, statistics, microeconomics I.
Related subjects: entrepreneurship, macroeconomics, econometrics, marketing,
financial management, operations research.
Author of course description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising teacher of the course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic sources:
Hal R. Varian. Intermediate Microeconomics. A Modern Approach. 4th Edition.  W.
W. Norton & Co, 1996.
Arthur A. Thompson, John P. Formby. Economics of the Firm. 6th Edition.  Prentice
Hall, 1993.
Edwin Mansfield. Microeconomics. Theory and Applications. 8th Edition.  W. W.
Norton & Co, 1994.
Varian Hal. R. Grundzüge der Mikroökonomik. 3. Auflage.  R. Oldenbourg Verlag,
1995.
30
Course Title: Macroeconomics
Course is included in part A of study program
Aim of the Course: to reflect from the economic theory viewpoint the major relations
hip between markets of goods, capital and labour in the open and closed economies,
considering into account the influence of households, firms, government, and foreign
sector on the economy in general; to promote and to develop the economic thinking of
students and their understanding of real life economic situations.
Course Outlines: course is divided into 16 main themes: an introduction into
macroeconomics, main macroeconomic indicators and national counts, common
income and expenditure, money, interest rates, monetary and fiscal policy,
macroeconomic relations, macroeconomic models, total demand and total supply,
salaries, prices and employment, long term growth and productivity, consumption and
savings, investments and money demand, money and banking system, stabilisation
policy, dynamics of inflation and unemployment, budget deficit and society debt,
variety of macroeconomic views.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: thesis on a chosen topic, written interim and final examinations
Course Prerequisites: Mathematics I and II, Microeconomics I and II
Number of Credit Points: 4
Requirements for Obtaining Credit Points: successful acqusition of the course material,
active participation in seminars, and positive assessment in the intermediate and final
examinations.
Related Subjects: the course provides the theoretical basis for specific economic
disciplines.
Author of Course Description: Assoc Prof. Dr. oec. Edgars Kassalis
Supervising Teacher of the Course: Assoc Prof. Dr. oec. Edgars Kassalis
Basic Sources:
R. Dornbusch, S. Fischer, ``Macroeconomics``, 1994.
N. G. Mankiw, ``Macroeconomics``, 1996.
31
Course Title: Entrepreneurship I
Course is included in: part A
Aim of the Course: to impart students with basic knowledge of entrepreneurship,
its functions, structures.
Course Outline:
1. Economics – the foundation of mankind’s existence.
2. Business essence and functions.
3. Business environment.
4. An enterprise and its structures.
5. Corporate culture and the goals of a company.
Total of Contact Hours: 48 classes, including 32 lectures and 16 seminars.
Type of Assessment: examination (oral and written)
Requirements for Obtaining Credit Points: sufficient theoretical knowledge and
ability to use it in business situation analysis.
Number of Credit Points:
4
Course Prerequisites: no conditions
Related Subjects:
courses.
management theory, accounting, finance, marketing and law
Author of Course Description: Dr. oec. Assoc. Prof. Andris Klauss
Supervising Teacher vof the Course: Dr. oec. Assoc. Prof. Andris Klauss
Basic Sources:
Klauss A. Uzņēmējdarbība. Lekciju materiāli. – Ventspils : Ventspils College, 1998.,
215 lpp..
Rurāne M. Uzņēmējdarbības pamati. – R.: 1997., 184 lpp..
32
Course Title: Entrepreneurship II
Course is included in part A
Aim of the Course: to impart students with knowledge of company’s structure and
operation
CourseOutline:
1. Company structure.
2. Company operation.
3. Company financing.
4. Costs and prices.
5. Company payments.
6. Obtaining and analysing business information.
Total of Contact Hours: 48 hours, including 32 lectures and 16 seminars.
Type of Assessment: exam (oral and written).
Requirements for Obtaining Credit Points:
Number of Credit Points:
3
Course Prerequisites: successfully passed course Entrepreneurship II
Related Subjects: management theory, courses in accounting, finance, marketing and
law.
Author of Course Description: Dr. oec. Assoc. Prof. Andris Klauss
Supervising Teacher of the Course: Dr. oec. Assoc. Prof. Andris Klauss
Basic Sources:
Klauss A. Uzņēmējdarbība. Lekciju materiāli. – Ventspils: Ventspils Augstskola, 1998.,
215 lpp.
Rurāne M. Uzņēmējdarbības pamati. –R.: 1997., 184 lpp..
33
Course Title: Management theory
Course is included in part A
Aim of the Course: to impart students with knowledge in management theory, to
develop and encourage creative thinking and action in the process of evaluating and
decision making in different business situations.
Course Outline:
1. Management essence and functions.
2. Management decisions at the enterprise.
3. Organisation and organising
4. Planning.
5. Control and inspection.
6. Principles of management.
7. Concepts of management.
8. Tehnology of management.
9. Social aspects of management.
10. Functions of personnel in enterprise.
11. Moral aspects of management.
Total of Contact Hours:
64 classes, including 32 lectures and 32 seminars.
Type of Assessment: examination (oral and written)
Requirements for Obtaining Credit Points:
management.
Number of Credit Points:
sufficient
theoretical
knowledge
in
4
Course Prerequisites: basic knowledge of entrepreneurship is essential
Related Subjects:
entrepreneurship, planning, human resource management,
financial management, management phsychology and ethics.
Author of Course Description:
Dr. oec. Assoc. Prof. Andris Klauss
Supervising Teacher of the Course: Dr. oec. Assoc. Prof. Andris Klauss
Basic Sources:
Cole G.A. Management: theory and practice. – London: 1996. 462 p.
Praude V., Beļčikovs J. Menedžments. – R.:, Vaidelote, 1996. 410 lpp.
Staehle W. Management. – München: Vahlen, 1994. 1019 S.
Head of Department Assoc. Prof. Jānis Vucāns
34
Course Title: Marketing
Course is included in part A
Aim of the Course: to teach the student to identify existing and possible problems
related to enterpreneurship issues as well as to analyse causes and consequences of
these problems and be able to determine independently strategic and tactical actions
needed for the solution of the problems.
Course Outline: the course content is based on the theoretical and practical part. The
theoretical part includes the acquisition of the basic 11 themes on
marketing:introduction, customer behaviour and user market, analysis of the sector
and competitors, segmentation and choice of target market, differentiation and
positioning of the product, strategy of the product cycle, promotion in the market,
strategic marketing planning. The practical part contains case studies evalution of
business opportunities.
Number of Contact Hours: 64, including 32 hours of lectures and 32 hours of
seminars.
Type of Assement: written examination, analysing a particular case.
Requirements for Obtaining Credit Points: presentation the results of the analysis of
tasks included in the content of course during the semester.
Number of Credit Points:4
Course Prerequisites: ability to acquire marketing intensively and fast.
Related Subjects:Students have a preliminary knowledge in :economics of
enterpreneurship, organising and planning, micro- and macroeconomics, information
technology, statistics,business communications. The marketing course serves as a
basis for the subjects included in C part of Marketing Management Studies
Department Programme.
Author of Course Description: Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Ineta Geipele
Basic Sources:
Kotler Ph. Marketing Management; Planning Implementation and Control, 8th edition,
Prentice-Hall, Inc. Englewood Cliffs, New Jersey
Weis, Hans Christian:Marketing/von Hans Christian Weis,- (Rhein):Kiel, 1993
J. Beļčikovs, V. Praude:Mārketings/2. p
Porter M.E. Wettbewerbsstrategie, Frankfurt 1983.
35
Course Title: Controlling
Course is included in part A
Aim of the Course: to introduce the students with the concepts of controlling – the
modern trend of practical management
Course Outline:
1. Concept, essence and tasks of controlling.
2. Means and technologies of controlling.
3. Controlling system in an enterprise.
4. Manufacturing and controlling.
5. Cost and income controlling.
6. Finances and investment controlling.
7. Logistics controlling.
8. Marketing controlling.
Total of Contact Hours: 64 classes, including 32 lectures and 32 seminars.
Type of Assessment: examination (written)
Requirements for Obtaining Credit Points:
Number of Credit Points: 4
Course Prerequisites: basic knowledge in entrepreneurship, management theory,
management accounting, marketing, finances and logistics is essential.
Related Subjects: students’ competence is developed using the latest scientific and
practical notions and consolidating the knowledge acquired in the previous study
courses
Author of Course Description: Dr.oec.Assoc.Prof. Andris Klauss
Supervising Teachers of the Course: Andris Klauss, Inga Jansone, Ineta Geipele,
Pēteris Zālīte, Jānis Vucāns.
Basic Sources:
Horvath P. Controlling. – München : Vahlen, 1996., 890 S.
Reichmann Th. Controlling mit Kennzahlen und Managementberichten. – München :
Vahlen, 1997., 678 S.
Šīrenbeks H. Modernais banku kontrolings. – R.: Zinātne, 1998., 147 lpp..
36
Course Title: Principles of Finance Theory
Course is included in part A of study program
Aim of the Course:
1. to familiarize students with the concepts of finance and financial system, as well
as with the finance of the enterprise: with its structure and with corresponding
basic concepts;
2. to give students a possibility to acquire the basic methods of the financial analysis
of an enterprise;
3. to familiarize students with different forms of financing.
Course Outlines:
1. What is Finance? (definition, financial decisions of households and firms, forms of
business organisation, the problem of owners and managers, goal of financial
management, role of the finance specialist in a corporation).
2. Financial System (flow of funds, functions of a financial system, financial
innovation and the”invisible hand”, financial markets, financial market rates,
financial intermediaries, financial infrastructure and its regulation).
3. Financial Market Rates (interest rates, rates of return on risky assets, market
indexes and market indexing, rates of return in historical perspective, inflation and
real interest rates, interest rate equalisation, fundamental determinants of rates of
return).
4. Financial Intermediaries (banks, other depository savings institutions, insurance
companies, pension and retirement funds, mutual funds, investment banks,
venture capital firms, asset managing firms, information services).
5. Financial Infrastructure and Regulation (rules for trading, accounting systems).
6. Governmental and Quasi-Governmental Organisations (central banks, special-purpose
intermediaries, regional and world organisations).
7. Analysis of the Financial Activity of an Enterprise on the Basis of Various Financial
Statements (financial statements [balance sheet, income statement, cash-flow statement],
market values versus book values, accounting versus economic measures of income,
returns to shareholders versus return on equity, analysis using financial ratios, limitations
of ratio analysis).
8. Planning of the Finance and Capital of the Enterprise.
9. Sources of the Financing of the Enterprise (internal versus external financing, equity
financing, debt financing).
10. Forms of Debt Financing (secured debt, long-term leases, pension liabilities).
11. Valuation of Financial Assets (basic principles of financial assets valuation,
valuation of known cash flows [bonds], valuation of common stocks).
Total of Contact Hours: 64 , including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: written final examination; to get the admision to the final
examination during the semester student must successfully pass the intermediate
examination, the assessment of which is taken into account for the final mark.
37
Course Prerequisites: elementary algebra
Number of Credit Points: 4
Requirements for Obtaining Credit Points: to get the positive assessment in the
intermediate and final examinations.
Related Subjects: by the course content it must be made in accordance with the
following study courses: Finance Mathematics, Financial Accounting,
Macroeconomics, Operations with Securities; the course makes the basis for the
Financial Management and other Finance specialisation study courses.
Author of Course Description: Assoc. Prof. Dr. math. Jānis Vucāns
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Jānis Vucāns
Basic Sources:
Zvi Bodie and Robert C.Merton, Finance, Prentice Hall, 1998.
Marita Rurāne, Uzņēmuma finansu vadība, Turības Mācību centrs, 1997.
В.В.Ковалев, Финансовый анализ, Финансы и статистика (2-е изд.),
Москва,1997.
38
Course Title: Principles of Accounting
Course is included in part A
Aim of the Course: to get understanding of the basic principles, tasks,
reglamentation of accounting. To understand the methods of summarising the
information and the flow of information from the original documents to the reports.
Course Outline:
1. Accountancy as the means and the system of accumulating the economic
information.
2. Accountancy, its essence, its role and tasks.
3. Cycles of economical transactions and the two blocks of the accounting system .
4. Means of production and relations of production as an object of accounting.
5. Balance sheet.
6. Business operations, their impact on the balance-sheet items.
7. Restrictions of information of the balance sheet and profit and loss statement.
8. Accountancy accounts and dual record.
9. Accountancy documentation.
10. Inventory, its tasks and organization.
11. Financial statements.
Total of Contact Hours: 32 (lectures and practical assignments)
Type of Assessment: successfully passed all the tests and home assignments and the
final test
Requirements for Obtaining Credit Points: successful assessment in all the tests, 80%
attendance of calsses.
Number of Credit Points: 2
Course Prerequisites: completed course in Entrepreneurship
Related Subjects: coordinated with courses in Entrepreneurship, Microeconomics,
Macroeconomics, Management Economic Theory, Taxes and Duties
Author of Course Description: lecturer, m. oec. Inga Jansone; lecturer, m. oec. Liga
Ofkante
Supervising Teacher of the Course: lecturer, m. oec. Inga Jansone; lecturer, m. oec.
Liga Ofkante
Basic Sources:
Jānis Benze, Finansu Grāmatvedība, Auditorfirma “Grāmatvedis”, 1995.
Bornhofen, Busch, Buchfūrung 1, “Gabler”, 1997.
М. И. Кутер, Бухгалтерский Учет: основы теории, Экспертное Бюро М, 1997
Likums par grāmatvedību
Likums Par uzņēmumu gada pārskatiem.
39
Course Title: Financial Accounting I
Course is included in part A
Aim of the Course: to acquire the organization and principles of financial accounting,
to acquire skills of processing, filing and controlling of financial accounting
information . To acquire the methods of preparing the financial statements
Course Outline:
1. Principles and concepts of accountancy. Evaluation of balance-sheet items.
2. Long-term investments. Intangibles. Fixxed assests. Leasing. Long-term financial
investments.
3. Current assets. Capital reserves. Debtors. Payment period costs. Securities. Cash.
4. Own capital
5. Accruals, the clasification.
6. Debtors. Accured revenue.
7. The accounting of receipts and expenditures of business operation
8. Accounting of receipts and expenditures of social infrastructure.
9. Accounting of different receipts and expenditures. Accounting of extra receipts
and expenditures.
10. Profit and loss statement.
11. The drawing of the annual financial statement. The calculation of profit and loss.
The balance-sheet. Cash-flow statement. The attachments to the financial
statement.
12. The analysis of the economic activity indicators.
Total of Contact Hours: 64 classes, including lectures and seminars
Type of Assessment: an examination
Requirements for Obtaining Credit Points: successfully passed tests and home tasks,
80% attendance of classes
Number of Credit Points: 4
Course Prerequisites: a completed course in accountancy
Related Subjects: coordinated with such courses as: Enterpreneurship, Financial
accontancy II, Taxes and Duties, Theory of Finance, International Accounting,
Securities Transactions
Author of Course Description: lecturer, m. oec. Inga Jansone, lecturer, m. oec. Līga
Ofkante
Supervising Teacher of the Course: lecturer, m. oec. Inga Jansone, lecturer, m. oec.
Līga Ofkante
Basic Sources:
Jānis Benze, Finansu Grāmatvedība, “Grāmatvedis”, 1995
Gottfried Bahr, Wolf F. Fisher – Winkelmann, Buchfurung and Jahresabschlu,
“Gabler”, 1996
J. Watts. Accounting in the Business Environment, 1996
L. Chadwick The Essence of Financial Accounting
40
Course Title: Accounting Management
Course is included in part A
Aim of the Course: to get the basic knowledge in basic categories and content of
the management accounting. To understand the importance of information in the
decision making
Course Outline:
1. Costs, their types, essence, classification.The mechanism and principles of prime
cost and price making. Cost classification and characteristics. Cost distribution,
distribution bases. Crucial point analysis.
2. Essence of relevant costs and their role in decision making.
The most important costs for decision making. Assessment of resources needed
for decision implementation. Solutions of particular problems.Decisions enforced
by limiting factors. Evaluation of sector performance.Decision making in
uncertain circumstances.
3. Assessment of investment projects.
Net discount income, inner profitability rate, maturity, accountancy profit margin.
Calculation of increment of investment value, discounting.
4. Budget, planning, its implementation and control.
Company budget planning. Budget control. Cash planning.
Total of Contact Hours:
64, lectures and seminars.
Type of Assessment: examination; successfully passed tests and home assignments;
the assessment of the examination is based on the average mark of all tests, the last
two (theory and exercises) tests are of greatest importance.
Requirements for Obtaining Credit Points: successfully passed tests and the
examination, attendance of at least 80 % of total contact hours.
Number of Credit Points: 4
Course Prerequisites: completed courses in Accounting, Finance Accounting.
Related Subjects: related to the courses – Entreperneurship, Finance Accounting,
Finance Theory, Controlling.
Author of Course Description: lecturer, m. oec. Inga Jansone, lecturer, m. oec. Līga
Ofkante.
Supervising Teacher of the Course: lecturer, m. oec. Inga Jansone, lecturer, m. oec.
Līga Ofkante.
Basic Sources:
Jānis Benze, Izmaksu uzskaite un pašizmaksas kalkulācija, Auditorfirma
“Grāmatvedis”, 1996.
EU PHARE, Grāmatvedības metodiskā padome, BPP, Ernst&Young, Vadības
grāmatvedība, 1.,2.,3.,4. Daļa, 1995.g.
Drury J. Management and Cost Accounting. 4th. EdInt. Thomson Business Press,
1996.
T.Lucey, Management Accounting, 1996. g.
41
Course Title : Business logistics
Course is included in part A
Aim of the Course: To introduce students to operations management and the flow of
materials and goods from the raw material stage to the final consumer.
Course Outline :
1. Introduction to logistics – definition – objectives – relationship to technology and
marketing.
2. Logistics functions – principal issues – internal control – setting objectives.
3. Production and competition – production strategies – production life cycles –
physical distribution – manufacturing location.
4. Service levels – guarantees – delivery times – distribution alternatives – service
levels and costs – distribution centres.
5. Logistics choices for different products – product life cycle alternatives – product
value and mass – unearned income concepts – risk – packaging.
6. Warehousing and storage – materials storage – finished goods storage – storage
requirements – organizing warehousing.
7. Inventory management – terminology – order quantities – reordering levels – JIT
– economic order quantities.
Total of Contact Hours : 64, of which 32 lectures and 32 practical work.
Type of Assessment : examination and course assignments.
Requirements for Obtaining Credit Points: successful completion of first three terms
of business studies.
Number of Credit Points: 4
Author of Course Description: Raitis Šķērītis
Supervising Teacher of the Course: Raitis Šķērītis
Basic Sources:
J. J. Coyle, The Management of Business Logistics, West Publishing, 1992.
J.J. Coyle, Transportation, West Publishing, 1990.
R.H. Ballou, Business Logistics Management: Planning, Organizing, and
Controlling the Supply Chain, Prentice Hall, 1998.
Course Handouts.
42
Course Title: MATHEMATICS I
Course is included in part A
Aim of the Course: to make students familiar with the basic concepts, principles, and
methods of mathematics as instruments for building and investigation of economic
models; to give students training in practical investigation and analysing economic
models. To put special emphasis on interaction between mathematics and
microeconomics and synchronizing matter and form in both subjects.
Course Outline:
1. Sets, functions, relations. Sets R, R2, R3, ... , Rn. The geometric meaning of R, R2,
R3, ... , Rn .
2. The concept of limit. Continuity of function.
3. The derivative and elasticity of a function of one variable, its geometric and
economic interpretations and applications. Taylor's formula containing first and
second derivatives. Investigation of functions using derivatives.
4. Antiderivative, indefinite integrals; economic applications.
5. Partial differentiation, partial elasticities. Taylor's formula containing gradient and
hessian.
6. Unconstrained optimization.
7. Optimization with equality constraints. Lagrange multiplier method.
8. Integral sum and integral; geometric meaning and microeconomic applications.
Improper integrals.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: two midsemester examinations, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 4
Course Prerequisites: basic mathematics.
Related Subjects: microeconomics, macroeconomics, statistics, econometrics,
financial mathematics, operations research.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Literature:
Ian Jacques. Mathematics for Economics and Business. 2nd Edition.  AddisonWesley, 1995.
Chiang, Alpha C. Fundamental Methods of Mathematical Economics. 3rd Edition.
McGraw-Hill, 1984.
Jürgen Tietze. Einfürung in die angewandte Wirtschaftsmathematik. 6. Auflage. 
Verlag Vieweg, 1995.
Андрей Яунземс. Математика для экономических наук. Общий курс.  Rīga:
Latvijas Universitāte, 1993.
43
Course Title: MATHEMATICS II
Course is included in part A
Aim of the Course: to make students familiar with the basic concepts and methods of
financial mathematics. To provide students with concepts, methods and applications
of linear algebra and basic concepts of linear programming. To give students training
in practical investigation and analysing economic models. To put special emphasis on
interaction between mathematics and microeconomics and synchronizing matter and
form in both subjects.
Course Outline:
1. Basic elements of financial mathematics related to simple and compound interest
shemes. Continual financial processes.
2. Elements of geometry in Euclidean space Rn: straight line, hyperplane. Convex
set, convex and concave functions. Lin- span, aff-span, cone-span, conv-span of
given vector set.
3. Linear dependence and linear independence of vectors. Rank of matrix.
4. Linear equation sistems, linear inequation systems.
5. Economic matrix models: input-output model, matrix as production function of
the firm.
6. Determinant. An outline of eigenvalues and eigenvectors of matrix.
7. Elements of linear programming. Concept of resource shadow prices.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: two midsemester examinations, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 4
Course Prerequisites: mathematics I, statistics, microeconomics I.
Related Subjects: microeconomics, macroeconomics, statistics, econometrics,
financial mathematics, operations research.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Literature:
Ian Jacques. Mathematics for Economics and Business. 2nd Edition.  AddisonWesley, 1995.
Chiang, Alpha C. Fundamental Methods of Mathematical Economics. 3rd Edition.
McGraw-Hill, 1984.
Jürgen Tietze. Einfürung in die angewandte Wirtschaftsmathematik. 6. Auflage. 
Verlag Vieweg, 1995.
Андрей Яунземс. Математика для экономических наук. Общий курс.  Rīga:
Latvijas Universitāte, 1993.
A. Adams, D.Bloomfield, P. Booth, P.England. Investment Mathematics and Statistics.  Graham &
Trotman, 1993.
44
Course Title: STATISTICS
Course is included in part A
Aim of the Course: to make students familiar with the basic concepts, principles, and
methods of descriptive statistics and analytical statistics, with basic ideas of
measuring and reducing risk; to give students training in practical calculations using
EXCEL.
Course Outline:
1. Collecting and presentation of statistical data.
2. Price and quantity indices (Laspeyres, Paashe, Fisher, Lowe, MarshallEdgeworth). Lorenz curve, Gini index.
3. Basic concepts of probability theory. Random variables and distributions. The
binomial, Poisson and normal or Gaussian distribution of random variables, and
their applications.
4. Multivariate distributions. Conditional distributions. Properties of expected value
and variance. Theoretical basis of reducing of risk through diversification.
Prediction: regression, correlation, covariance; error of prediction.
5. Random sampling and sampling distributions. Point and interval estimations of
populations parameters. Testing hypotheses.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: two midsemester examinations, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 4
Course Prerequisites: basic mathematics.
Related Subjects: microeconomics, macroeconomics, econometrics, financial
mathematics, operations research.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Literature:
Edwin Mansfield. Statistics for Business and Economics. 5th Edition.  W. W.
Norton & Co, 1994.
Edwin Mansfield. Statistics for Business and Economics. Problems, Exercices, and
Case Studies. 5th Edition.  W. W. Norton & Co, 1994.
Paul Newbold. Statistics for Business & Economics. 4th Edition.  Prentice Hall,
1995.
Günter Bamberg, Franz Baur. Statistik.  9. Auflage  R. Oldenbourg Verlag, 1996.
Krastiņš Oļģerts. Statistika un ekonometrija. Mācību grāmata augstskolām.  Rīga:
Latvijas statistika. 1998.
45
Course Title: ECONOMETRICS
Course is included in: part A
Aim of the Course: to make students familiar with quantitative economic methods and
empirical verification of economic relationships. To give students training in
estimation multiple linear regression models, testing statistical significance of
coefficients, testing linear hypotheses related to coefficients of regression model,
interpreting economic meaning of statistical inference.
Course Outline:
1. Linear regression: assumptions of the model, its interpretation.
2. Ordinary least squares OLS method. Point and interval estimating the parameters.
Gauss-Markov theorem.
3. Prediction with linear regression.
4. Generalized least squares method GLS. Testing of linear hypothese R = r.
5. Alternative functional forms.
6. Dummy or binary independent variables.
7. Various applications. ESL - Econometrics Software Library.
8. An outline of heteroscedasticity, autocorrelation (Durbin-Watson test), multicollinearity.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: one midsemester examination, econometrics course paper, final
examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful defence of
course paper, successful passing of midsemester and final examinations.
Number of Credit Points: 4
Course Prerequisites: mathematics, statistics, microeconomics.
Related Subjects: financial management, marketing research, logistics,
macroeconomics, operations research, writing course paper and Bachelor paper.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Sources:
Ramu Ramanathan. Introductory Econometrics with Applications. 4th Edition.  The
Dryden Press, 1998.
Christopher Dougherty. Introduction to Econometrics.  Oxford University Press,
1992.
Maddala G. S. Introduction to Econometrics. 2nd Edition. Prentice Hall, 1992.
Jürgen Bortz. Statistik für Sozialwissenschaftler. 4. Auflage.  Springer-Verlag, 1993.
Я. Р. Магнус, П. К. Катышев, А. А. Пересецкий. Эконометрика. Начальный
курс.  Академия народного хозяйства. Москва, "Дело", 1998.
46
Course Title: Computer Science for Economists I (Desktop data base management
systems)
Course is included in part A
Aim of the Course: to give knowledge about the technology of data base management
systems (DBMS) and to develop practical skills to use functionality of DBMS in
solving economical problems.
Course Outlines:
1. Relational data base management systems.
2. Components of DBMS: tables, queries, forms, reports, e.t.c.
3. Table design.
4. Data sorting and filtering.
5. Types of queries.
6. Forms design.
7. Reports design.
8. SQL expressions.
9. Data exchange with other systems.
10. Completing the developed system.
Total of Contact Hours: 64 , including 32 hours of lectures and 32 hours of laboratory
works.
Type of Assessment: examination.
Course Prerequisites:
Number of Credit Points: 4
Requirements for Obtaining Credit Points: to get positive assessment about the work
during the semester, and to get positive assessment in examination.
Related Subjects: Computer Science for Economists II, MathematicsI and II,
Operations Research, Numerical Methods of Optimization
Author of Course Description: Assoc. Prof. Dr. oec. Uldis Rozevskis
Supervising Teacher of the Course: Assoc. Prof. Dr. oec. Uldis Rozevskis
Basic Sources:
J. Nāgelis, MS Access ikvienam. Datorzinību centrs, 1997.
Effektivanaja rabota s Microsoft Access 2" , 1998.
R.Jennings, "Access TM 95".
47
Course Title: Computer Science for Economists II ( Using IT in company)
Course is included in part A of study program
Aim of the Course: to give necessary knowledge about using and maintaining
information technology in company and to develop practical skills to choose applied
packages for company’s information systems, to organise tenders for packages,
development, implementation and maintenance of information systems.
Course Outlines:
1. Information technology in company.
2. The life cycle of information systems.
3. Quality of information systems.
4. Information systems security.
5. Tender for the information system.
6. Projects of information systems.
7. Data models and algorithms of processes.
8. Management of information systems implementation.
9. Tools for information systems design and presentation.
10. Business modelling and reengineering.
Total of Contact Hours: 64 , including 32 hours of lectures and 32 hours of laboratory
works.
Type of Assessment: examination.
Course Prerequisites: Computer Science for Economists I, Mathematics.
Number of Credit Points: 4
Requirements for Obtaining Credit Points: to get positive assessment about the work
during the semester, and to get positive assessment in examination.
Related Subjects: Computer Science for Economists I, Mathematics, Numerical
Methods of Optimization
Author of Course Description: Assoc. Prof. Dr. oec. Uldis Rozevskis
Supervising Teacher of the Course: Assoc. Prof. Dr. oec. Uldis Rozevskis
Basic Sources:
Description of GRADE .
Description of VISIO Professional 5.0.
Microsoft PowerPoint, Microsoft Word.
48
Course Title: Private law
Course is includeded in part A
Aim of the Course: to introduce students to private law as the set of laws which
regulates the terms of private property, to describe its differences from public law and
the importance of private law for Latvia as a country with transitional economy.
Course Outline:
1. The concept of private law, its place in the legal system of Latvia.
2. The status of physical person and legal person.
3. Civil law. General and specific norms.
4. Protection of real property rights
5. Commercial law.
6. Labour law.
7. Social law.
8. Civil procedural law.
Total of Contact Hours: 32(48), including 16(32) hours lectures and 16 hours for
practical exercises.
Type of Assessment: oral examination; before the examination, students have to write
4 tests and 4 practical works successfully during semester; the grades of these tasks
will be taken into account in the final examination.
Requirements for Obtaining Credit Points: positive evaluation of tests,
practical works and examination.
Number of Credit Points: 2
Course Prerequisites: Business course I, II.
Related Subjects: course material is harmonised with other law courses as well as
with courses on Business course I,II. ,etc.
Author of Course Description: docent, mag.jur.A.Petrovskis
Supervising Teacher of the Course: docent, mag.jur.A.Petrovskis
Basic Sources::
Bērnems S.Dž. Līgumu sastādīšana. Ceļvedis saistību tiesību principu praktiskai
lietošanai. Rīga,1995.
Sinaiskis V. Latvijas civiltiesību apskats. Lietu tiesības. Saistību tiesība.Rīga,1995.
Civillikuma komentāri.
Joksts O. Saistību tiesības saimnieciskajos darījumos, Rīga, 1999.
49
Course Title: International private law
Course is included in part B
Aim of the Course : to introduce students to the international private law aimed at
harmonizing different private law codes of different countries.
Course Outline:
1. The concept of international private law.
2. Physical person and legal person(companies). States and international
organization.
3. Conflicts of Laws.
4. Property.
5. Contracts.
6. International trade law.
7. International transport law.
8. International financial transactions.
9. International arbitration and adjudication.
Total of Contact Hours: 32(48), including 16(32) hours of lectures and 16 hours for
practical exercises.
Type of Assessment: oral examination; before the examination, students have to write
4 tests and 4 practical works successfully during the semester; the grades of these
tasks will be taken into account in the final examination.
Requirements for Obtaining Credit Points: positive evaluation of tests, practical works
and examination.
Number of Credit Points: 2
Course Prerequisites: Private law
Related Subjects: course material is harmonised with other law courses as well as
with courses on Business course I,II. ,etc.
Author of Course Description: docent, mag.jur.A.Petrovskis
Supervising Teacher of the Course: docent, mag.jur.A.Petrovskis
Basic Sources:
J.Bojārs, Starptautiskās privāttiesības, Zvaigzne ABC, Rīga, 1998.
Dokumentu krājums. Mūsdienu starptautiskās un tirdzniecības tiesības. Starptautiskais
civilprocess, AGB, Rīga, 1998.
www.resourses
50
Course Title: Public law
Course is includeded in part B
Aim of the Course: to introduce students to the public law, regulating the status of
Latvian state and its institution and the relationship between them and private person;
making clear the differences between the public law and the private law.
Course Outline:
1. The concept of Public Law.
2. Constitutional Law
3. Administrative Law.
4. Finance Law.
5. Customs Law.
6. Tax Law.
7. Environmental Law.
8. Criminal Law and Criminal proceeding.
Total of Contact Hours: 32, including 16 hours of lectures and 16 hours for practical
exercises.
Type of Assessment: oral examination; before the examination, students have to write
4 tests and 4 practical works successfully during semester; the grades for these tasks
will be taken into account in the final examination.
Requirements for Obtaining Credit Points: positive evaluation of tests,
practical works and examination.
Number of Credit Points: 2
Course Prerequisites: Private law
Related Subjects: course material is harmonised with other law courses as well as
with courses on Business course I,II. ,etc.
Author of Course Description: docent, mag.jur.A.Petrovskis
Supervising Teacher of the Course: docent, mag.jur.A.Petrovskis
Basic Sources:
Juridisko terminu vārdnīca.,Nordic,1999.
Juridiski terminoloģiskā skaidrojošā vārdnīca,LPA,Rīga,1999.
LR likumi un normatīvie akti, NAIS.
51
Course Title: Principles of the Civil procedure Law
Course is includeded in part B or C.
Aim of the Course: to make the students aware of the Civil Procedure Law of the
Republic of Latvia – a branch of law, which provides for the procedures of the civil
trial in the courts of the Republic of Latvia; the execution of verdicts; activities of the
court, court bailiffs and participants in the trial.
Course Outline:
1. Concept of the Civil Procedure Law, Principles of the Civil Procedure
2. Quality of being a person in contemplation of the civil procedure law, legal
capacity to sue. Participants in the civil trial.
3. Evidence and proof.
4. Proceedings in a court of a first instance: Ordinary proceeding. Special
proceeding. Execution of obligations by the means of court.
5. Taking an appeal from a judgement or a court decision. Appeal. Separate action.
6. Proceedings in a appellate court
7. Creation of arbitration and its work in Latvia.
8. Execution of a judgement.
Total of Contact Hours: 32, including 16 hours of lectures and 16 hours for practical
exercises.
Type of Assessment: oral examination; before the examination, students have to write
4 tests and 4 practical works successfully during semester; the grades of these tasks
will be taken into account in the final examination.
Requirements for Obtaining Credit Points: positive evaluation of tests,
practical works and examination.
Number of Credit Points: 2
Course Prerequisites: Private law and Public law.
Related Subjects: course material is harmonised with other law courses as well as
with courses on Business course I,II. ,etc.
Author of Course Description: docent, mag.jur. Antons Petrovskis
Supervising Teacher of the Course: docent, mag.jur. Antons Petrovskis
Basic Sources:
Juridisko terminu vārdnīca.,Nordic,1999.
Juridiski terminoloģiskā skaidrojošā vārdnīca,LPA,Rīga,1999.
LR likumi un normatīvie akti, NAIS.
52
Course Title: An introduction into Business English
Course is included in part B
Aim of the Course: facilitate the communicative and writing skills, reading, listening
comprehension, acquisition of lexical-grammatical structures studying the topics
listed in the course content.
Course Outline:
1. Three sectors of economy. My future profession.
2. Business meetings, appointments.
3. Foundation of a company. Company structure.
4. Management and cultural diversity.
5. Carrying out a research, data collecting, giving a presentation.
6. Work and motivation.
7. Office equipment.
Total of Contact Hours: 4 classes a week in the term 1
Type of Assessment: test
Requirements for Obtaining Credit Points: attendance makes at least 70% of total
contact hours, successfully passed me-term tests and a final test
Number of Credit Points : 4
Course Prerequisites: successfully acquired course in English at the level of secondary
school
Related Subjects: related to main problems of all special subjects. The acquired skills
are essential for the course “An introduction into the terminology of speciality”
Author of Course Description: Lāsma Sīle
Supervising Teacher of the Course: Lāsma Sīle
Basic Sources:
MacKenzie I. English for Business Studies – CUP, 1997 – 176 p.
Lannon M., Tullis G., Trappe T. Insights into Business – Longman, 1997 – 160 p.
Collin P.H. Dictionary of Business. Peter Collin Publishing, 1997 – 160 p.
The terminology of economics, management and office work/ ed. V. Skujiņa, Rīga:
LZA Latviešu valodas institūts, 1995 – 911 p.
53
Course Title: An introduction into the terminology of speciality
Course is included in part B
Aim of the Course: facilitate the communicative and writing skills, reading, listening
comprehension, acquisition of lexical-grammatical structures studying the topics
listed in the course content.
Course Outline:
1. Recruitment. Applying for a job, CV.
2. Labour relations. Trade unions.
3. Production. Products and quality. Retailing.
4. Marketing and market research.
5. Promotional tools. Advertising.
Total of Contact Hours: 4 classes a week in the term 2
Type of Assessment : examination
Requirements for Obtaining Credit Points: attendance makes at least 70% of total
contact hours, successfully passed mid-term tests and the examination
Number of Credit Points : 4
Course Prerequisites: successfully passed examination in course “An introduction into
Business English”
Related Subjects: related to main problems of all special subjects
Author of Course Description: Lāsma Sīle
Supervising Teacher of the Course: Lāsma Sīle
Basic Sources:
MacKenzie I. English for Business Studies – CUP, 1997 – 176 p.
Lannon M., Tullis G., Trappe T. Insights into Business – Longman, 1997 – 160 p.
Collin P.H. Dictionary of Business. Peter Collin Publishing, 1997 – 160 p.
The terminology of economics, management and office work/ ed. V. Skujiņa, Rīga:
LZA Latviešu valodas institūts, 1995 – 911 p.
Oxford Dictionary of Business English for Learners of English, - OUP, 1996
54
Course Title: Business English
Course is included in part B
Aim of the Course: facilitating the skills of reading, listening, speaking and writing
and
acquisition of lexical – grammatical structures studying the topics listed in the course
content.
Course Outline:
1. The economic infrastructure.
2. Management style, cultural differences and business ethics.
3. Work and motivation.
4. Labour relations.
5. Production and products.
6. Marketing and advertising.
7. Accounting and financial statements.
8. Banking.
9. Market structure and competition.
10. Efficiency and employment.
11. The role of government, central banking, taxation and exchange rates.
12. The business cycle.
13. International trade.
14. Economics and ecology.
Total of Contact Hours : 4 classes in the terms 3 and 4.
Type of Assessment : examination
Requirements for Obtaining Credit Points: successfully passed mid – term tests and
the examination.
Number of Credit Points : 4
Course Prerequisites: a pass mark for the course.
Related Subjects: related to all special subjects.
Author of Course Description: Ieva Vizule, Ilze Straupmane
Supervising Teacher of the Course: Ieva Vizule, Ilze Straupmane
Basic Sources:
Ian MacKenzie, English for Business Studies, CUP, 1997.
55
Kursbezeichnung:
Allgemeine Kommunikation und Verständigung
Kurszugehörigkeit:
Teil B
Kursziel: Das Ziel des Kurses ist,die Fertigkeiten der allgemeinen Kommunikation zu
erwerben, die lexikalisch - grammatischen Strukturen zu vermitteln, die mit den im
Kurs angegebenen Themen verbunden sind.
Kursinhalt:
Der Kurs beinhaltet das didaktische Sprachmaterial ( Lexik, Grammatik ), das der
Kommunikation in mehreren wichtigen Bereichen des Alltags enschspricht und
dessen Aneingnung die Entfaltung der kommunikativen Fähigkeiten der Studierenden
in Deutsch garantiert. Zusätzlich wird die erforderliche Information über Urlaub,
Reisen, Bekanntschaft, aktuelle Nachrichten und Diskussionen deutschsprachiger
Menschen in Lettland und in der Welt vermittelt
Gesamtzahl der Unterrichtsstunden: 4 Stunden wöchentlich im 1. Semester
Art der Prüfung: Zwischenprüfung
Kurspunkte: Kurspunkte werden erteilt:
 nach erfolgreicher Teilnahme am Unterricht und
 für die Zwischenprüfung
Zahl der Kurspunkte: 4
Verbindung mit anderen Kursen:
Der Lehrstoff ist zum Teil mit der Prolematik
der
in diesem Semester angebotenen Fächern verbunden
Ausarbeitung der Kursbeschreibung: Dace Korna
Verantwortlicher Kursleiter: Dace Korna
Kursliteratur:
C. Wisemann-Unternehmen DeutschWirtschaft A-Z Themen Neu 4
Materialien-und Aufgabensammlung des verantwortlichen Lehrers
1.Grundwortschatz Deutsch Übungen und Tests, bearbeitet von Prof. H. Oehler
Klettbuch, München 1972
2.Dreyer; Schmitt Lehr – und Übungsbuch der deutschen Grammatik Verlag für
Deutsch, Ismaning 1985
3.C.Wiseman- Unternehmen Deutsch, Klett Edition Deutsch GmbH, München 1995
4.Fachsprache Deutsch-Betriebswirtschaft. Lese und - Arbeitsbuch; Hueber Verlag
München: 1996
5.Zeitungen, Zeitschriften ( “Wirtschaftswoche”, “Focus”, “Der Spiegel” )
6.Materialien und Aufgabensammlung des verantwortlichen Lehrers
56
Kursbezeichnung: Einführung in die Fachterminologie
Kurszugehörigkeit: Teil B
Kursziel: Das Ziel des Kurses ist, deutsche Fachtexte mittleren Schwierigkeitsgrades
zu verstehen und zu analysieren, die lexikalisch-grammatischen Strukturen zu
vermitteln, die mit den im Kurs angegebenen Themen aus dem Bereich Wirtschaft
verbunden sind. Adäquates sprachliches Verhalten.
Kursinhalt:
Der Kurs beinhaltet das didaktische Sprachmaterial ( Lexik, Grammatik ), das der
Kommunikation in mehreren wichtigen Bereichen der Unternehmenstätigkeit
enschspricht und dessen Aneingnung die Entfaltung der kommunikativen Fähigkeiten
der Studierenden in Deutsch garantiert. Zusätzlich wird die erforderliche Information
über den
Firmenaufbau, Standort
und
Personal,
Bürotechnik
und
Komunikationsmittel, Arten der Werbung vermittelt. Analyse von aktuellen
Tatsachen der Marktforschung.
Gesamtzahl der Unterrichtsstunden: 4 Stunden wöchentlich im 2. Semester
Art der Prüfung: Prüfung
Kurspunkte: Kurspunktewerden erteilt: - nach erfolgreicher Teilnahme am Unterrichtfür die Prüfung
Zahl der Kurspunkte: 4
Verbindung mit anderen Kursen: Der Lehrstoff ist mit der Problematik und Thematik
der in diesem Semester angebotenen Fächern verbunden.
Ausarbeitung der Kursbeschreibung: Dace Korna
Verantwortlicher Kursleiter: Dace Korna
Kursliteratur:
1.Grundwortschatz Deutsch Übungen und Tests, bearbeitet von Prof. H. Oehler
Klettbuch, München 1972
2.Dreyer; Schmitt Lehr – und Übungsbuch der deutschen Grammatik Verlag für
Deutsch, Ismaning 1985
3.C.Wiseman- Unternehmen Deutsch, Klett Edition Deutsch GmbH, München 1995
4.Wirtschaftsdeutsch von A – Z, R.Buhlmann, E. Leimbacher 1995 Langescheidt KG,
Berlin und München
5.Fachsprache Deutsch-Betriebswirtschaft. Lese und - Arbeitsbuch; Hueber Verlag
München: 1996
6.Zeitungen, Zeitschriften ( “Wirtschaftswoche”, “Focus”, “der Spiegel” )
7.Materialien und Aufgabensammlung des verantwortlichen Lehrers
57
Kursbezeichnung: Die angewandte Verhandlungssprache und
Geschäftskorrespondenz
Kurszugehörigkeit: Teil B
Kursziel: Das Ziel des Kurses ist, die lexikalisch - grammatischen Strukturen zu
vermitteln, die Fertigkeiten der Geschäftsdiskussion zu erwerben. Die Fachtexte mit
Hilfe des Wörterbuchs zu lesen.
Kursinhalt:
Der Kurs beinhaltet das didaktische Sprachmaterial ( Lexik, Grammatik ), das der
Kommunikation in mehreren wichtigen Bereichen der Unternehmenstätigkeit
enschspricht und dessen Aneingnung die Entfaltung der kommunikativen Fähigkeiten
der Studierenden in Deutsch garantiert. Zusätzlich wird die erforderliche Information
über Kostenrechnungssysteme, Bilanz, Kostenrechnung, Logistik, Marketing
vermittelt und diverse Geschäftsunterlagen übersetzt.
Gesamtzahl der Unterrichtsstunden: 4 Stunden wöchentlich im 3. Semester
Art der Prüfung: Prüfung
Kurspunkte:Kurspunkte werden erteilt: nach erfolgreicher Teilnahme am Unterricht
für die Prüfung
Zahl der Kurspunkte: 4
Verbindung mit anderen Kursen: Die ausgewählten Themen und Lehrstoff ist mit der
Problematik der in diesem Semester angebotenen Fächern verbunden, insbesondere
Logistik, Kostenrechnung, Marketing
Ausarbeitung der Kursbeschreibung: Dace Korna
Verantwortlicher Kursleiter: Dace Korna
Kursliteratur:
1.Grundwortschatz Deutsch Übungen und Tests, bearbeitet von Prof. H. Oehler
Klettbuch, München 1972
2.Dreyer; Schmitt Lehr – und Übungsbuch der deutschen Grammatik Verlag für
Deutsch, Ismaning 1985
3.Wirtschaft – auf Deutsch Verl. Klett Edition Deutsch GmbH, München 1991
4.Zeitungen, Zeitschriften ( “Wirtschaftswoche”, “Focus”, “Der Spiegel” )
5.Materialien und Aufgabensammlung des verantwortlichen Lehrers
58
Kursbezeichnung: Wirtschaftsdeutsch
Kurszugehörigkeit: Teil B
Kursziel: Das Ziel des Kurses ist, die lexikalisch-grammatischen Strukturen zu
vermitteln, die mit den im Kurs angegebenen Themen aus dem Bereich der Wirtschaft
und Geschäftsleben verbunden sind. Adäquates sprachliches Verhalten, Orientierung
in diversen Geschäftssituationen.
Kursinhalt:
Der Kurs beinhaltet das didaktische Sprachmaterial ( Lexik, Grammatik ), das der
Kommunikation in mehreren wichtigen Bereichen der Unternehmenstätigkeit
enschspricht und dessen Aneingnung die Entfaltung der kommunikativen Fähigkeiten
der Studierenden in Deutsch garantiert. Zusätzlich wird die erforderliche Information
über den Produktionsablauf, Messen, Import, Export, Banken, Telekomunikationen
und Handelsverträge vermittelt, die für die Studien der Fachliteratur, der Zeitschriften
erforderlich sind.
Gesamtzahl der Unterrichtsstunden: 4 Stunden wöchentlich im 4.Semester
Art der Prüfung: che Prüfung
Kurspunkte: Kurspunkte werden erteilt: nach erfolgreicher Teilnahme am Unterricht
und für die Prüfung
Zahl der Kurspunkte: 4
Verbindung mit anderen Kursen: Wirtschaftsdeutsch ist zum Teil mit der Problematik
der in diesem Semester angebotenen Fächer verbunden.
Ausarbeitung der Kursbeschreibung: Dace Korna
Verantwortlicher Kursleiter: Dace Korna
Kursliteratur:
1.Grundwortschatz Deutsch Übungen und Tests, bearbeitet von Prof. H. Oehler
Klettbuch, München 1972
2.Dreyer; Schmitt Lehr – und Übungsbuch der deutschen Grammatik Verlag für
Deutsch, Ismaning 1985
3.Wirtschaft – auf Deutsch Verl. Klett Edition Deutsch GmbH, München 1991
4.Fachsprache Deutsch – Betriebswirtschaft. Lese - und Arbeitsbuch Hueber *Verlag
M München: 1996
5.Zeitungen, Zeitschriften ( “Wirtschaftswoche”, “Focus”, “der Spiegel” )
6.Materialien und Aufgabensammlung des verantwortlichen Lehrers
59
Course Title:
Money and Banking
Course is included in part B of study program (elective course in Economics)
Aim of the Course: to give the knowledge in the macroeconomic aspect of money and
finance theory, to introduce students to international financial systems and
institutions, banking system and international economics in the global perspective
through practical examples, focusing on the development of tendencies of Latvian
banking system in its movement towards the European Union.
Course Outlines: Course is divided into 16 main themes:
1. An overview on the financial system in macroeconomic context and on the
development of money concept.
2. Interest rates, their values and dynamics.
3. Assets demand theory and risks.
4. Demand and supply of credit resources.
5. Currencies market, short and long term currency courses.
6. Banking institutions and their management.
7. Non-banking financial intermediary institutions.
8. Deterministic factors of money supply and dynamics of money basis.
9. Money theory: different conceptions of total demand.
10. Keynesian theory and ISLM model.
11. Analysis of total demand and supply.
12. Rational previsions and theory of effective capital market.
13. Aims of monetary politics and their realisation, instruments of monetary politics.
14. International financial system and monetary politics.
15. From Bretonwood to European Economical and Monetary Union.
16. Financial system of Latvia, its development tendencies.
Total of Contact Hours: 64 , including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: thesis on a chosen topic, written interim and final examinations
Course Prerequisites: Macroeconomics, Finance Theory
Number of Credit Points: 4
Requirements for Obtaining Credit Points: successful acquisition of the course
material, active participation in seminars, and positive assessment in the interim and
final examinations.
Related Subjects: course forms the theoretical basis for specific economic disciplines;
in accordance with study courses in Macroeconomics, Finance Theory, Finance
Mathematics and Operations with Securities.
Author of Course Description: Assoc Prof. Dr. oec. Edgars Kassalis
Supervising Teacher of the Course: Assoc Prof. Dr. oec. Edgars Kassalis
Basic Sources:
Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, Addison
Wesley Longman, 5th edition, 1997.
Taeho Kim, International Money & Banking, Routlegde, 1993.
The International Monetary System, edited by P.B.Kenen and F.Papadia, Cambridge University Press,
1994.
60
Course Title : Securities transactions
Course is included in part B (for specialization in finances)
Aim of the Course : to imopart students with basic knowledge of forms of securities,
securities market and transactions.
Course Outline :
1. Economical necessity, essence and classification of securities.
2. Concepts of securities market.
3. Securities transactions.
4. Economic characterisation of securities.
5. Emission of securities and public trading.
6. Creation, management and ensuring of securities portfolio.
7. Securities market of Latvia: structure, regulation, development.
Total of Contact Hours : 32
Type of Assessment : examination (written and oral)
Number of Credit Points : 2
Course Prerequisites : knowledge in entrepreneurship, basics of financial theory and
finance mathematics.
Related Subjects: entrepreneurship, management theory, basics of finance theory,
finance mathematics, finance management in finance markets.
Author of Course Description : Dr.oec.Assoc.Prof. Andris Klauss
Supervising Teacher of the Course : Dr.oec.Assoc.Prof. Andris Klauss
Basic Sourses :
Klauss A. Vērtspapīru darījumi. Skaidrojošā vārdnīca. – R.: Valsts akciju sabiedrība
“Privatizācijas aģentūra”, 1996., 116.lpp.
Likums “Par vērtspapīriem”. – Latvijas vēstnesis, 1995.g.12.septembris.
Likums “Par akciju sabiedrībām”.
61
Course Title: FINANCIAL MATHEMATICS
Course is included in part B
Aim of the Course: to make students familiar with the instruments of quantitative
financial analysis necessary for construction and analysing wide spectrum of financial
operations. To give students training in practical calculations using EXCEL.
Course Outline:
1. Cash flow. Net present value NPV, internal rate of return IRR, modified internal
rate of return MIRR, financial management rate of return FMRR. Equivalence of
cash flows, conversion of contracts.
2. Annuities with baloons; accumulation acounts, amortization acounts, pension
funds, lease, valuation of fixed income securities.
3. Concept of leverage.
4. Investments in foreign currency.
5. Dividend policy, growth and valuation of shares; Miller-Modigliani paradox.
6. Valuation of fixed income securities: notes, bonds. Volatility, duration.
7. Portfolio immunisation.
Total of Contact Hours: 32, including 16 hours of lectures and 16 hours of seminars.
Type of Assessment: one midsemester examination, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 2
Course Prerequisites: mathematics, statistics, microeconomics.
Related Subjects: cycle of courses provident for speciality of financial management.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Sources:
Andrew Adams, Della Bloomfield, Philip Booth, Peter England. Investment Mathematics
and Statistics.  Graham & Trotman, 1993.
William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey. Investments. 5th Edition.
 Prentice Hall, 1995.
Lutz Kruschwitz. Investitionsrechnung. 5. Auflage.  Walter de Gruyter Verlag, 1993.
Первозванский А. А., Первозванская Т. Н. Финансовый рынок: расчеты и риск.
 Москва, 1994.
Четыркин Е. М. Методы финансовых и коммерческих расчетов.  Москва, 1996.
62
Course Title:
Investments and Securities Analysis (Financial Management)
Course is included in part B (elective course for Finance specialization)
Aim of the Course: to acquaint students with the basic principles and methods of
financial management, as well as with the main principles of formation and
management of the Portfolios of Securities by using the relevant knowledge from
Mathematics, Statistics and General Finance Theory.
Course Outline:
1. The role of the financial market. Return, risk, attitude towards risk (riskophobes
and riskophyles individuals). Measurement of return and risk. Effects of
diversification. Effects of correlation. Choice of the portfolio in the “three
securities space”. Model of Markowitz. Tobin’s Model. Market Model. Diagonal
or Sharpe model. Capital Asset Pricing Model - CAPM. Capital Market Line CML. Security Market Line - SML.
2. Performance evaluation. Performance indexes. Performance decomposition.
Calculation of return via weighted rates of return (time weighted and $ weighted).
3. Options theory. Terminology, limits of evaluation, parity relation. Put and Call
options of European and American type. Closed portfolio (with warranty) and
binomial model. Portfolio in continuous media and Black-Schole model.
Evaluation methods for options based on common stocks with or without
dividends. Options of American type and their premature realisation.
4. Standardised fixed duration contracts. General definitions. Evaluation via
arbitrage, keeping expenditures, intermediate return. Futures. Correction of the
value of securities depending on their quality. Creation of synthetic assets.
Economic evaluation via CAPM.
Total of Contact Hours: 64 , including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: written final examination; to get admission to the final
examination during the semester students must successfully pass the intermediate
examination, the assesment of which is taken into account for the final mark.
Requirements for Obtaining Credit Points: to get the positive assesment in the
intermediate and final examinations.
Number of Credit Points: 4.
Course Prerequisites: Finance Theory, Financial Mathematics, Mathematics I and II,
Statistics, Microeconomics.
Related Subjects: by the course content it must be made in accordance with the
following study courses: Mathematics, Statistics, Finance Theory, Financial
Mathematics, Microeconomics, Operations with Securities; the course makes the
basis for the other Finance specialisation study courses.
Author of Course Description: Assoc. Prof. Dr. math. Jānis Vucāns
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Jānis Vucāns
Basic Sources:
R.Cobbaut, Théorie Financiere, Economica, Paris, 1994.
R.Gibson, Option valuation: Analyzing and pricing Standartized Option Contracts,
McGraw Hill, 1991
63
W.Sharpe, G.Alexander, J.Bailey, Investments, Englewood Cliffs: Prentice Hall,
1995.
E.J.Elton, M.J.Gruber, Modern Portfolio Theory and Investment Analysis, J.Wiley &
Sons, Inc., New-York, 1995.
64
Course Title: Microeconomics of Insurance
Course is included in part B (elective course in Finance specialization)
Aim of the Course: to acquaint students with the economic and mathematical basis of
the insurance theory.
Course Outline:
Introduction. What is “Microeconomics of Insurance ?”
1. General principles of insurance
1.1. Fundamental mechanism of the individual’s insurance
1.2. Other forms of insurance
2. Decision making theory
2.1. Restrictions in using the criteria of actual expected value
2.2. Paradox of St-Petersburg
2.3. The Bernulli principle and the Fon Neuman - Morgenshtern axiomatic
2.4. Attitude to risk: definitions, measures
2.5. The risk of the random variable
2.6. Application: individual’s attitude to savings
2.7. Critical notes about the applicability of the Bernulli principle
3. How is the demand of insurance formed?
3.1. The Mossen model of unique risk
3.2. The optimal form of the insurance contract
3.3. Self-insurance and its influence on insurance
3.4. Non-insurable risks and their influence on the insurance model
4. Life insurance - capitalization
4.1. Two periods model, basic assumptions and results
4.2. The economic basis of lifetime rent
4.3. General model
4.4. Borch’s paradox
4.5. Specification of model by taking into account fiscal aspects
5. Analysis of tariffing
5.1. The role of the intermediaries in the insurance business
5.2. The composition of the insurance costs
5.3. The microeconomic investigations of tariffing
6. Insurance market
6.1. The market equilibrium model
6.2. The role of the Mutual Insurance Companies in the automobile insurance
market
6.3. The problem of the information assymetrie in the insurance market
7. Problems on the automobile insurance
7.1. A priori and a posteriori systems of tarification and corresponding models
7.2. The experience collected in some countries in the domain of automobile
insurance
8. Systems of social insurance; the role of the State in the regulation of insurance
market
Total of Contact Hours :
64 hours.
Type of Assessment: a written examination
Requirements for Obtaining Credit Points: During the semester students must solve a
number of problems, assigned by the teacher for independent solving; they must
present these solutions to the teacher by the indicated deadlinein. Students must
independently prepare the analysis of some insurance problem. During the seminar
they must explain the obtained results. At the examination student must be able to
demonstrate the knowledge of the basic concepts and properties of insurance and its
microeconomic theory, explained during the lectures, and the ability to use them to
formulate and to solve different insurance problems.
Number of Credit Points : 4
65
Course Prerequisites: Statistics, Microeconomics I and II.
Related Subjects: by the course content it must be made in accordance with the study
courses in Statistics and Financial Mathematics.
Author of Course Description:
Assoc. Prof. Dr. math. Jānis Vucāns
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Jānis Vucāns
Basic Sources:
D.Henriet, J.-Ch. Rochet, Microeconomie de l’assurance, Economica, Paris, 1991.
P.Petauton, Théorie et pratique de l’assurance-vie, Dunod, Paris, 1996.
V.V.Shahov, Strahovanie (Insurance - in Russian), Ed. company JuNITI, 1997.
66
Course Title: OPERATIONS RESEARCH
Course is included in part B
Aim of the Course: to make students familiar with the basic concepts, principles and
methods of operations research as an instrument for decision making in management;
to give students training in practical construction and investigation of models.
Course Outline:
1. Basic concepts of operations research. Types of optimization problems.
2. Network planning, CPM, PERT.
3. Inventory management models.
4. Linear programming, the simplex algorithm. Sensitivity analysis.
5. Duality in the linear and quadratic optimization.
6. Concept of integer programming. Binar variables, modelling of logical
expressions.
7. Various examples of linear programming, optimization and sensitivity analysis
using SOLVER.
8. Decision making in case of uncertainity.
9. Zero-sum matrix games. Solution through linear optimization.
10. An outline of gradients method in nonlinear programming.
11. An outline of dynamic optimization.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: one midsemester examinations, operations research course
paper, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful defence of
course paper, successful passing of midsemester and final examinations.
Number of Credit Points: 3
Course Prerequisites: mathematics, microeconomics, statistics, econometrics.
Related Subjects: marketing research, financial management, logistics.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Sources:
Hamdy A. Taha. Operations Research. An Introduction. 6th Edition.  Prentice Hall,
1996.
M. Eddowes, R. Stansfield. Decision Making Techniques. 2nd Edition.  Longman,
1991.
Tomas Gal. Grundlagen des Operations Research I, II, III. 3. Auflage.  SpringerVerlag. 1991.
Андрей Яунземс. Линейное оптимальное планирование.  Рига: Латвийский
университет, 1990.
67
Course Title: NATIONAL ACCOUNTS AND INPUT-OUTPUT ANALYSIS
Course is included in part B
Aim of the Course: to make students familiar with the structure and contents of the
national accounts system established in 1993, puting special emphasis on supply,
demand and analytical symmetric input-output tables, and mathematical models
constructed using these tables. To give students theoretical knowledge for practical
investigation and analysis of supply, demand and input-output tables.
Course Outline:
1. Concept of the national accounts system 1993.
2. Supply table, demand table, analytical symmetric input-output table.
3. Mathematical models related to supply, demand and input-output tables. Inputoutput model.
4. Investigation of mathematical models: production, investment, energy industry,
structure of demand, structure of exports, imports and exports, employment, prices
and costs, structure of value added. Sensitivity analysis.
5. Development of input-output model: input-output model with substitutable
technologies (Samuelson's theorem), input-output-environment model, dynamic
input-output model.
Total of Contact Hours: 32, including 16 hours of lectures and 16 hours of seminars.
Type of Assessment: one midsemester examination, final examinations.
Requirements for Obtaining Credit Points: 75% attendance, successful passing of
midsemester and final examinations.
Number of Credit Points: 2
Course Prerequisites: mathematics, statistics, macroeconomics, operations research.
Related Subjects: marketing research, logistics.
Author of Course Description: Assoc. Prof. Dr. math. Andrejs Jaunzems
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Andrejs Jaunzems
Basic Sources:
Richard Stone. Input-Output and National Accounts.  Organisation for European Economic
Co-operation. 1959.
William Peterson (Editor). Advances in Input-Output Analysis: Technology,
Planning, and Development.  Oxford University Press, 1991.
Система национальных счетов 1993.  Комиссия Европейских сообществ.
Международный валютный фонд. Организация экономического сотрудничества
и развития. Организация Объединенных Наций и Всемирный банк. 1998.
68
Course Title : Applied Problems of Optimization in Economics and
Management Science
Course is included in part B (elective course in quantitative methods)
Aim of the Course: to acquaint students with applied situations from economics,
management science and relevant spheres, which can be described in terms of the
problems of dynamic optimization; to familirize students with the basic metods of
modelling, solution, and post-solution analysis of such problems.
Course Outline:
The material of the lecture course, being mathematical by applied methods of
investigation, relates, from the point of view of its content, to different spheres of the
social activity (economics, finances, management science etc.). Different problems of
dynamic optimization, referring to Calculus of Variations and Optimal Control
Theory, as well as the analytical methods of their solution are considered. The
Content of the course is following.
1.
Introduction.
2.
From statistic to dinamic optimization. Classical Calculus of Variations.
3.
The simplest problem of classical Calculus of Variations.
4.
Discount factor.
5.
Economic applications of the simplest problem of classical Calculus of
Variations.
6.
Generalizations of the simplest problem of classical Calculus of
Variations.
7.
Necessary conditions of extrema for an other problem of Calculus of
Variations: for problems with different types of boundary conditions; Lagrange’s
problem.
8.
Different applications of Calculus of Variations. [ Optimal economic
growth with a non-fixed amount of final capital; Minimization of the road
construction expenses; Optimal waste disposal; Optimal education and balanced
growth; Micro foundations of macro models; Optimal capital accumulation in
multisectoral production; Optimization of the extraction process of the natural
resources; Optimal economic growth (neo-classical model)].
9.
Introduction into Optimal Control Theory. Pontryagin’s Maximum
principle. Optimal phasing of deregulation for economic process.
10.
Dynamic programming. Problem of optimal distribution of resources.
Salesman’s problem.
Total of Contact Hours: 64
Type of Assessment: written examination
Requirements for Obtaining Credit Points: During the semester students must solve a
number of problems, assigned by the teacher for independent solving; they must
present these solutions to the teacher by the indicated deadlinein. Students must
independently prepare the analysis of some dynamic optimization problem. During
the seminar they must explain the obtained results. At the examination student must
be able to demonstrate the knowledge of the basic concepts and properties of dynamic
optimization, and must be able to apply them for situations from economics,
management, and relevant spheres.
Number of Credit Points: 4.
69
Course Prerequisites: Mathematics I and II, , Microeconomics I and II.
Related Subjects: course forms the mathematical basis for the Economic Growth
Theory.
Author of Course Description: Assoc. Prof. Dr. math. Jānis Vucāns
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Jānis Vucāns
Basic Sources:
1. Jānis Vucāns, Optimizācijas lietišķās problēmas ekonomikā un vadības zinātnē
(Applied Problems of Optimization in Economics and Management Science),
Lecture Notes, University of Latvia and Ventspils College, 1999.
2. Atle Seierstad and Knut Sydsaeter, Optimal Control Theory with Economic
Applications, North-Holland, Amsterdam - New-York - Oxford - Tokyo, 1987.
3. Pierre N.V.Tu, Introductory Optimization Dynamics: Optimal Control Theory with
Economic and Management Science Applications, Springer-Verlag, Berlin Heidelberg - New-York - Tokyo, 1984.
4. Jean-Pierre Aubin, Optima and Equilibra: An Introduction to Nonlinear Analysis,
Springer-Verlag, Berlin - Heidelberg - New-York - London - Paris - Tokyo - Hong
Kong - Barcelona etc., 1993.
70
Course Title: Numerical Methods of Optimization
Course is included in part B of study program (elective course in quantitative
methods)
Aim of the Course: to give the students practical skills in solving economic problems
of numerical optimization
Course Outline: This is the practical course in numerical optimization. The content of
the course has little changes from year to year according to the interests of students.
Every week students have two academic hours of lectures and two hours of laboratory
works in which they must solve (generally by computer) individual exercises. The
most part of them are taken from the humans practical life. The aim of the lectures is
to familiarise students with the methods of solution of such optimization problems.
At the 1999./2000 academic year the problems to solve at the laboratory hours will
correspond to the following themes:
1. Textual exercises that are reducible to the extremal problem for the functions
of a single or several variables.
2. Numerical finding of the global extrema for oscillating functions.
3. Numerical minimization of the unimodal functions.
4. Numerical finding of the minimal value of the single variable function in the
given finite interval by the methods of broken lines, tangents and parabolas.
5. Construction of the linear programming problems and their solution by the
program package TORA or by some equivalent package.
6. Construction of the transportation type problems and their solution by the
program package TORA.
7. Matrix games with mixed strategies and their equivalence with the problems of
linear programming. Solution of such problems by the program package TORA.
8. Finding of the extremal values of the two variable functions by the geometrical
or some other method.
9. Numerical finding of the extremal values of the two variable functions by the
gradient method.
10. Applications of dynamic programming principle.
11. Optimization problems in Portfolio Analysis.
Total of Contact Hours: 64 hours, of which 32 of lectures, and 32 hours of laboratory
works
Type of Assessment: test
Requirements for Obtaining Credit Points:
During the semester students must solve by computer the optimization problems of
different types.
To pass the examination every student must solve and present to teacher the package
of problems distributed for individual solution. These problems forms the content of
the approximately 10 laboratory works.
Number of Credit Points: 4 credits
Course Prerequisites: Mathematics I and II.
Related Subjects: Financial Management, Strategic and Operative Planning,
Operations Research
Author of Course Description:
Assoc. Prof. Dr. math. Jānis Vucāns
71
Supervising Teacher of the Course: Assoc. Prof. Dr. math. Jānis Vucāns
Basic Sources:
1. Р.Габасов, Ф.М.Кириллова. Методы оптимизации. БГУ, Минск 1975.
2. Ф.П.Васильев. Численные методы решения экстремальных задач. Наука, М.,
1980.
3. Н.Н.Мойсеев, Ю.П.Иванилов, Е.М.Столярова. Методы оптимизации. Наука,
М., 1978.
4. D.Kļaviņš. Lineārās programmēšanas uzdevumi piemēros, “Zvaigzne”, 1998.
5. W.F.Sharp, G.J.Alexander, J.V.Bailey, Investments, Englewood Cliffs: Prentice
Hall International Inc., 1995.
72
Course Title: Financial Accounting II
Course is included in part: part B
Aim of the Course: to obtain basic knowledge in tab transactions in book-keeping at
budget institutions, to get acquainted with special balance-sheets used at enterprises,
their tasks and differences in preparation, to get insight into the essence of the reports
of holding companies, to acquire the principles of preparing the balance-sheet and
annual reports of concerns.
Course Outline:
1. The accounting of revenue.
2. Long-term contracts.
3. The accrued taxes.
4. The accounting at budget institutions.
5. Special balance sheets (the balance-sheet of founding, the balance-sheet of
merger, the balance-sheet of diversification, the balance-sheet of recovery, the
balance-sheet of liquidation, the balance-sheet of tenders).
6. Holding companies, their financial statements.
7. The annual report of a concern, the balance-sheet of concern.
Total of Contact Hours: 64, lectures and practical assignments
Type of Assessment: an examination
Requirements for Obtaining Credit Points: successfully passed tests, 80% attendance
of classes.
Number of Credit Points: 4
Course Prerequisites: completed courses in Accounting, Financial Accounting I
Related Subjects: related to courses in Entrepreneurship, Financial Accounting I,
Taxes and Duties, Financial Theory, Foreign Accounting, SecuritiesTransactions.
Author of Course Description: lecturer, m.oec. Inga Jansone, lecturer, m.oec. Līga
Ofkante
Supervising Teacher of the Course: lecturer, m.oec. Inga Jansone, lecturer, m.oec.
Līga Ofkante
Basic Sources:
Jānis Benze, Finansu Grāmatvedība, Auditorfirma “Grāmatvedis”, 1995.
Budžeta iestāžu grāmatvedība, LR Normatīvie akti, KIF Biznesa komplekss, Rīga
1998.
Starptautiskie grāmatvedības standarti, Latvijas banka, 1998.g.
Ieteikumi grāmatvežiem, Zvērinātu revidentu konsultāciju birojs, Rīga 1996.g.
73
Course Title: International Accounting Standards
Course is included in part B
Aim of the Course: to get acquainted with basic approaches, principles, procedures of
preparing financial statements in foreign countries; to get an insight into the use of
unified principles in drawing financial reports; to get acquainted with the international
accounting standards, to be able to use these standards according to the legislative
requirements of the Republic of Latvia.
Course Outline:
1. The basic principles of drawing financial statements.
2. Disclosure of accounting policies.
3. Reserves.
4. Depreciation accounting.
5. Information to be disclosed in Financial statements.
6. Cash flow statements.
7. Net profit or loss for the period, Fundamental errors and changes in accounting
policies
8. Research and development costs.
9. Contingencies and events occuring after the balance sheet date.
10. Construction contracts.
11. Accounting for taxes on Income.
12. Presentation of current assets and current liabilities.
13. Reporting financial information by segment.
14. Information reflecting the effects of changing prices.
15. Property, plant, equipment.
16. Accounting for leases.
17. Revenue.
18. Retirement Benefit Costs.
19. Accounting for government grants and disclosure of government assistance.
20. The effect of changes in foreign exchange rates.
21. Business combinations.
22. Borrowing costs.
23. Financial reporting of interests in joint ventures.
24. Accounting for investments.
25. Accounting and reporting by retirement benefit plans.
26. Cosolidated financial statements and accounting for investments in subsidiaries.
27. Related party disclosures.
28. Financial reporting in hyperinflationary economies.
29. Disclosures in the financial statements of banks and similar financial institutions
30. Financial reporting of interests in joint ventures.
31. Financial instruments: disclosure and presentation.
Total of Contact Hours: 64 hours, lectures, seminars.
Type of Assessment: an oral examination; two successfully passed tests, the
assessment of the tests will be taken into account in the examination.
Requirements for Obtaining Credit Points: successful assessment of two tests, 80%
attendance of classes, if the attendance is lower than 80%, extra questions about the
material of unattended seminars should be answered
Number of Credit Points: 4
74
Course Prerequisites: acquired material Financial accounting.
Related Subjects: is co-ordinated with courses Financial accounting I, Financial
accounting II.
Author of Course Description: lecturer, m. oec. Inga Jansonsone, lecturer, m. oec.
Līga Ofkante
Supervising Teacher of the Course: lecturer, m. oec. Inga Jansone, lecturer, m.
oec.Līga Ofkante
Basic Sources:
Starptautiskie prāmatvedības standarti, Latvijas banka, 1998.g.
75
Course Title: Inspection and Audit
Course is included in part B
Aim of the Course: to get acquainted with the role of audit in the preparation and
control of financial statements. To get a notion about the essence, basic principles of
audit, the methodology and strategy of the audit. To get acquainted with the criteria
for estimating of the risk of audit and with the reports of auditors.
Course Outline:
Its introduction into audit – the concept and essence of audit. The operation of audit
and regulation of it. The methodology and standards of audit.
The common technology of audit – the initial stage of the auditing. The strategy of the
auditing. The technology of audit. Fraud and error. Ending the audit. The conclusion
of audit.
The methodology of audit – the basic methods of financial statements audit financial
statements. The control of accuracy in the preparation of financial statements and
balance-sheet.
The financial analysis of audit – the basis of financial analysis. The analysis of the
company’s financial situation.
Total of Contact Hours: 64, lectures - seminars.
Type of Assessment: an examination (oral); at least two successfully passed tests; the
results of the tests are taken into account in the examination
Requirements for Obtaining Credit Points: successful assessment in two tests, 80%
attendance of classes; if attendance is less than 80%, there are additional questions at
the examination
Number of Credit Points: 4
Course Prerequisites: completed courses in Finance Accounting, International
Accounting.
Related Subjects: has to be coordinated with courses Finance accounting, Foreign
accounting.
Author of Course Description: lecturer, m.oec. Inga Jansone, lecturer, m. oec. Līga
Ofkante.
Supervising Teacher of the Course: lecturer, m.oec. Inga Jansone, lecturer, m. oec.
Līga Ofkante.
Basic Sources:
A.H.Millichamp, Auditing, 7th Edition, London, 1996.
Ievads auditā, ACCA, LU, 1994.
Starptautiskie revīzijas standarti, Latvijas Banka, 1998.g.
Grāmatvedības un audita pamati starptautisko standartu skatījumā, Moore Stephen,
LU, Rīga 1994.g.
.
76
Course Title: Enterprise Valuation
Course is included in part B
Aim of the Course: to acquire basic knowledge in determination of enterprise value,
in the principles of its price formation and in the basic principles of determinig the
value of enterprise parts. To understand the influence of environment and information
on the value of an enterprise and its parts.
Course Outline:
1. Opportunities and risks in enterprises valued.
2. Reasons and occasions of enterprise valuation.
3. The value of economic gain in market economy.
4. Valuation methods(assets net value, statistics of comparative transactions,
discounting of cash income).
5. Enterprise valuation and exchange value, including substance value.
6. Enterprise valuation and income value. Capitalization rate.
7. Transaction value (market value, liquidation value).
8. Cash flow method in value determination.
9. Enterprise valuation and potential analyse.
10. Enterprise valuation, enterprise in the past and at present. Portfolio analysis. Profit
and cash flow. Forecasting.
11. Outer factor influence on the value. Total value.
Total of Contact Hours: 64, lectures – seminars.
Type of Assessment: an examination (oral)
Requirements for Obtaining Credit Points: tests and examination passed successfully
Number of Credit Points: 4
Course Prerequisites: knowledge in Finance Accounting, International Accounting
and Finance Theory.
Related Subjects: coordinated with Finance Accounting, International Accounting,
Securities Transactions and Finance Theory courses.
Author of Course Description: lecturer, M.oec. Inga Jansone, lecturer, M.oec. Liga
Ofkante.
Supervising Teacher of the Course: lecturer, M.oec. Inga Jansone
Basic Sources:
Baltruma D., Freibergs J., Kā novērtēt īpašumu, Invest-Rīga, 1996.
77
Course Title: Cost Accouting
Course is included in part B
Aim of the Course:
to obtain basic knowledge about costs as the basic category of management
accounting; to comprehend principles of classification of costs; to acquire principles
and methods of prime costs calculation, the system of price fixing.
Course Outline:
1. Tasks of cost accounting.
2. General concepts of costs and return calculation.
3. Tasks and types of calculated costs.
4. Dissociation of results of fundamental activities and general results of an
enterprise.
5. Classification of costs in prime costs.
6. Cost accounting by location of the costs.
7. Recording the costs in cost accounting. Integrated and divided accounting.
8. Types of costs. Material costs, personnel costs, other significant basic costs.
9. Full calculation of costs. Principles of overall production costs accounting,
methods of calculation. Statistically tabular cost accounting. Methods of
secondary costs distribution.
10. Cost bearers.
11. Influence of production structure on the choice of calculation method.
12. Control of costs. Control of direct costs, control of overheads, reports of cost
controll.
13. Partial calculation of costs. Fixed and variable costs. Accounting and
mathematical methods of cost distribution. Types of partial cost calculation.
Total of Contact Hours: 64, lectures and practical assignments
Type of Assessment: an examination; successfully passed all tests and home tasks; the
assessment of the examination is based on the average assessment of all tests; the last
two tests are of greatest importance (theory and exercises).
Requirements for Obtaining Credit Points: successfully passed tests and examination.
Number of Credit Points: 4
Course Prerequisites: acquired courses in Accounting, Financial Accounting,
Management Accounting
Related Subjects: Co-ordinated with courses: Entrepreneurship,
Accounting, Theory of Finance, Management Accounting, Controlling.
Financial
Author of Course Description: lecturer, m.oec. Inga Jansone, lecturer, m. oec. Līga
Ofkante
Supervising Teacher of the Course: lecturer, m.oec. Inga Jansone, lecturer, m. oec.
Līga Ofkante
Basic Sources:
Jānis Benze, Izmaksu uzskaite un pašizmaksas kalkulācija, Auditorfirma
“Grāmatvedis”, 1996.
EU PHARE, Grāmatvedības metodiskā padome, BPP, Ernst&Young, Vadības
grāmatvedība, 1.,2.,3.,4. Daļa, 1995.
78
Drury J. Management and Cost Accounting. 4th Ed. Int. Thomson Business Press,
1996.
T. Lucey, Management Accounting, 1996.
79
Course Title: TRANSPORT POLICY
Course is included in part B
Aim of the Course: To introduce students to trade relations in the Baltic Sea region
and Europe, the role of transport in developing such relations, transport policy in
Latvia, the Baltics and Europe, and a more detailed overview of the transport industry
in Latvia.
Course Outline:
1. Trade flows in the Baltic region and Europe
2. Review of the role of transport in the supply chain
3. Introduction to the basic characteristics of the transport industry in Latvia, the
Baltic region and Europe
4. Introduction to the issues in corporate and public policy decisions in
transportation
5. Roles of government and business in the Latvian economy including effects of
public policy on the business environment and the transport industry
6. Influence of the European Union
7. Business and government decision-making processes
8. Ethical foundations of government, business and personal decision-making.
Total of Contact Hours: 64, of which 32 lectures and 32 practical work
Type of Assessment: examination and course assignments
Number of Credit Points: 4
Course Prerequisites: Introduction to Logistics
Author of Course Description: P. Zalite
Supervising Teacher of the Course: P. Zalite
Basic Sources:
Kenneth Button, Transport Policy – Ways into Europe’s Future, Bertelsman Stiftung,
1992
Kenneth Button, Europäische Verkehrspolitik – Wege in die Zukunft, Bertelsman
Stiftung, 1992
Christian Gerondeau, Transport in Europe, Artech House, 1997
European Conference of Ministers of Transport, Transport Infrastructure in Central
and Eastern European Countries, ECMT Paris, 1995
J.J. Coyle, Transportation, West Publishing, 1990
80
Course Title: The organisation and functions of th EU
Course is included in part C
Aim of the Course: to teach students to understand the essence and organisation of the
EU , to know its functions, which will form the students general knowledge about the
EU. Getting to know the EU better, each student will have a correct understanding
about the possibilities of Latvia’s successful integration in this union.
Course Outline: content of the course is based on the theoretical and practical part.
The theoretical part is aimed at acquisition of European Union’s (EU) formation, a
review of such treaties as the Treaties of Rome, Maastricht and Amsterdam, EU
politics , the essence of EU institutions, EU legislative basis, EU integration process,
the relations between the EU and CEEC, the EU-Latvia Association Agreement, as
well as advantages and disadvantages Latvia will have after joining the EU. The
practical part will include tests, exercises and tasks about the EU.
Number of Contact Hours: 32, including 16 hours of lectures and 16 hours of
seminars.
Type of Assessment: written examination.
Requirements for Obtaining Credit Points: presentation of the exercises and tasks
included in the content of course during the semester.
Number of Credit Points: 2
Course Prerequisites: desire to acquire the organisation and functions of the EU
intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
organising and planning; micro- and macroeconomics, information technology,
international marketing and international trade, business communication, foreign
languages. The course is included in the C part of the business administration study
Programme.
Author of Course Description: Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Jānis Pildavs
Basic Sources:
Kotler Ph. Marketing :e. Einf./Ph. Kotler; G. Armstrong. Aus d. Amerikan. ubers. von
Peter Linnert.- Wien:Service, Fachverl. an d. Wirtscaftsuniv., 1998
81
Course Title: Marketing Research
Course is included in part C
Aim of the Course: to teach the student how to gain a better knowledge of the market
possibilities, to learn how to tackle marketing problems, by studying customers,
middlemen and data about sales volumes and prices.
Course Outline: the course content is based on the theoretical and practical part. The
theoretical part contains following sections:the content of and trends of marketing
research; the informative systems of marketing, marketing research process;
marketing research including the market research sales research, product research,
advertising research and price analysis; expert assessments; forecasting in marketing
research. The practical part includes analysis of situations (case study) with aim of
teaching students to use analytical skills in the assessment of business opportunities.
Number of Contact Hours: 32, including 16 hours of lectures and 16 hours of
seminars.
Type of Assessment: written examination, analysing a particular situation.
Requirements for Obtaining Credit Points: presentation the results of the analysis of
tasks included in the content of course during the semester.
Number of Credit Points: 4
Course Prerequisites: ability to acquire marketing research intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
organising and planning; micro- and macroeconomics, information technology,
marketing, statistics,business communications, marketing. The marketing research
course is to be integrated in the international marketing and international trade,
marketing planning, marketing management.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Burns Alvin C., Bush Roland F. Marketing Research. New Jersey, Prentice Hall,
1995.
Kotler Ph. Marketing Management; Planing Implementation and Control, 8th edition,
Prentice-Hall, Inc. Englewood Cliffs, New Jersey
Weis, Hans Christian:Marketing/von Hans Christian Weis,- (Rhein):Kiel, 1993
J. Beļčikovs, V. Praude:Mārketings/2. p
Голубков Е.П. Маркетинговые исследования:теория, методология, практика. –
М.:Финпресс, 1998.
82
Course Title: Marketing Management
Course is included in part C
Aim of the Course: to teach the student management competence, to use analytical
approach in marketing management, to find optimum economic solutions in the
conditions of limited resources and in developing marketing thinking to identify and
apply strategic, tactical and administrative aspects of marketing.
Course Outline: the course contents is based on the theoretical and practical part. The
theoretical part contains following sections:introduction, marketing management
principles, analysis of marketing possibilities, developing market strategy , planning
of marketing programmes, organisation, implementation assessment and control of
marketing activity. The practical part contains analysis of real life situations in order
to develop students’ abilities to analyse, understand and tackle marketing
management problems.
Number of Contact Hours: 64, including 32 hours of lectures and 32 hours of
seminars.
Type of Assessment: written examination, analysing a particular case.
Requirements for Obtaining Credit Points: presentation the results of the analysis of
tasks included in the content of course during the semester.
Number of Credit Points: 4
Course Prerequisites: ability to acquire marketing management intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship, microand macroeconomics, information technology, statistics,business communications,
marketing, management psychology, personnel management, international marketing
and international trade, market promotion management, marketing planning. The
marketing management course serves as a basis for Bachelor`s work in the
specialisation part of Marketing Management Studies Department.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Ansoff H.I. Strategic Issue Management, Working Paper, European Institute for
Advanced Studies in Management, Brussels 1979
Kotler Ph. Marketing Management; Planning Implementation and Control, 8th edition,
Prentice-Hall, Inc. Englewood Cliffs, New Jersey
Weis, Hans Christian:Marketing/von Hans Christian Weis,- (Rhein):Kiel, 1993
J. Beļčikovs, V. Praude:Mārketings/2. p
Porter M.E. Wettbewerbsstrategie, Frankfurt 1983.
83
Course Title: Marketing Planning
Course is included in part C
Aim of the Course: to teach the student to identify and assess marketing problems, to
develop students ability to determine marketing goals, to develop marketing
strategies, plans, to estimate marketing budget, develop and introduce a marketing
planning system, to train students ability to perform and monitor marketing activities.
Course Outline: the course content is based on the theoretical and practical part. The
following 11 parts are included in the theoretical part:introduction, elements of
marketing planning process, problems of developing and introducing marketing
planning systems, marketing audit, setting of goals and strategy, plan of distribution,
marketing information and forecasts, organisation of marketing. The goal of the
practical part is to teach students how to use the acquired analytical skills in the
process of developing and introducing marketing planning systems. Particular tasks
and analysis of situations is provided.
Number of Contact Hours: 64, including 32 hours of lectures and 32 hours of
seminars.
Type of Assessment: written examination.
Requirements for Obtaining Credit Points: the presentation of case studies during the
term
Number of Credit Points: 4
Course Prerequisites: ability to acquire marketing planning intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
organisation and planning, micro- and macroeconomics, information technology,
statistics,business communications. Acquisition of marketing planning system serves
as a basis for Bachelor`s work in the specialisation part of Marketing Management
Studies Department.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Kotler Ph. Marketing Management; Planning Implementation and Control, 8th edition,
Prentice-Hall, Inc. Englewood Cliffs, New Jersey
Malcolm H. B. McDonald. Marketing Plans, Heinemann Ltd., London
J. Beļčikovs, V. Praude:Mārketings/2. p
Porter M.E. Wettbewerbsstrategie, Frankfurt 1983.
84
Course Title: Marketing Psychology
Course is included in part C
Aim of the Course: to teach the student to understand the role of the consumer and the
customer in marketing, to understand and analyse issues associated with the pattern of
the consumer behaviour in the market, to be able to design more effective marketing
strategies using tools and concepts provided by the course.
Course Outline: the course content is based on the theoretical and practical part. The
following parts are included in the theoretical part:significance of consumer analysis,
its model, application; pecularities of emotional and cognitive sphere and their
behaviour of consumers, knowledge and personal interest in the product, discovery,
attention and comprehension, attitudes and purposes of consumer decision making;
concepts of behaviour for understanding the consumer, developing the classic and the
operand conditions of action, vicariar learning, spreading of innovations, analysis of
consumer behaviour:essence and role of the environmental aspect; aspects of culture
and crosscultures; influence of subculture and a social stratum of referent groups and
the family. The practical part contains exercises, case studies, simulation games.
Number of Contact Hours: 32, including 16 hours of lectures and 16 hours of
seminars.
Type of Assessment: written examination.
Requirements for Obtaining Credit Points: presentation the results of the analysis of
tasks included in the content of course during the semester, taking part in simulation
games during the semester.
Number of Credit Points: 2
Course Prerequisites: ability to acquire psychology of marketing intensively and fast.
Related Subjects: students have a preliminary knowledge in :business, micro- and
macroeconomics, information technology, statistics,business communications,
marketing, , international marketing, management of marketing communication. The
marketing management course serves as a basis for Bachelor`s work in the
specialisation part of Marketing Management Studies Department.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course:. Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Peter J.& Olson J. Understanding Consumer Behaviour. IRWIN, Burridge, 3, USA.
85
Course Title: Promotion Management
Course is included in part C
Aim of the Course: to teach students to comprehend the increasing importance of
tendencies in market within the marketing complex, to define strategies of the
tendencies in the market, to define and apply corresponding elements of tendencies in
the market for each particular product.
Course Outline: the course is based on the theoretical and practical part. The
theoretical part includes the following basic themes of complex:introduction, sales
and management, advertising, sales promotion, direct marketing, development of
public relations. In the practical part the analysis of real life situations is used to
develop students’ ability to analyse, understand and solve complicated questions in
the process of product’s movement in the market, applying logical thinking in cases
when there is insufficient information and conflicting elements.
Number of Contact Hours: 32, including 16 hours of lectures and 16 hours of
seminars.
Type of Assessment: written examination, analysing the particular case.
Requirements for Obtaining Credit Points: presentation of the exercises and tasks
included in the content of course during the semester.
Number of Credit Points: 2
Course Prerequisites: presentation of case analyses during the semester.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
organising and planning; micro- and macroeconomics, information technology,
marketing, business communication, management psychology and personnel
management. The acquisition of communication tools serves as a basis for Bachelor’s
work Marketing Management in the specialisation part.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Kotler Ph. Marketing Management; Planning Implementation and Control, 8th edition,
Prentice-Hall, Inc. Englewood Cliffs, New Jersey
Rachman D. Marketing Today, The Dryden Press, 1994
Smith P.R. Marketing Communications- A n Integration Approach, Kogan Page, 1996
Weis, Hans Christian:Marketing/von Hans Christian Weis,- (Rhein):Kiel, 1993
J. Beļčikovs, V. Praude:Mārketings/2. p
86
Course Title: International Marketing and International Trading
Course is included in part C
Aim of the Course: to teach students management, analysis and decisionmaking when
independently solving problems connected with matters related to international
marketing environment, to identify the place of marketing subjects within that
environment, to assess the pecularities of Latvia’s internal market and international
markets. In the course on international trade each student must have knowledge of
different aspects of foreign trade in enterpreneurship, taking into consideration
pecularities of import and export in Latvia.
Course Outline: content of the course is based on the theoretical and practical part.
The theoretical part includes the acquisition of 6 basic themes in international
marketing:introduction, market research and analysis of data in international
marketing, the environment of international marketing, strategic planning of
marketing, marketing complex, action plans and control. The course on international
Trade in the theoretical part envisages acquisition of 9 basic themes:introduction, the
essence of international trade, the trade of Latvia in the global economy, its trading
partners, trading policy, organisation of international tradin, the global financial
environment, currency rates, regulations of supply and transportation in the
international trading. In the practical part attention is focused on the analysis of
marketing environment in export countries and exploring Latvian foreign trade areas.
Total of Contact Hours: 64, including 32 hours of lectures and 32 hours of seminars.
Type of Assessment: written final examination, analysing a particular case.
Requirements for Obtaining Credit Points: presentation of the analysis of the results
of tasks included in the content of course during the semester.
Number of Credit Points: 4
Course Prerequisites: desire to acquire the international marketing and international
trade intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
organising and planning; micro- and macroeconomics, information technology,
marketing, strategic and operative planning, statistics and business communication,
foreign languages.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Libermanis E. Starptautiskie ekonomiskie sakari un Latvija.-R.:Kamene, 1997
Ūdris Z., Sēle A. , Gustsons V. Pamatzināšanas starptautiskajā tirdzniecībā.-R.:Jāņa
sēta, 1994
Kaktiņš J. INCOTERMS—1990// Palīgs biznesā.-R.:Asja, 1993
Kotler Ph. Marketing Management.-Prentice-Hall International (UK) Ltd., 1997
Terpstra V., Sarathy R. International marketing (International edition).-The Dryden
Press, 1994.
87
Course Title: Strategic and operative planning
Course is included in part A
Aim of the Course: to help students to strategic management and strategic planning, to
analyse the macro environment of an organisation, to study the weak and strong
points of an enterprise, analysing strategical alternatives, to choose an optimal one; to
make strategic planning at the level of an enterprise and at the functional level using
matrix methods; to be able to give recommendations for an effective usage of the
strategy; to understand the importance and essence of operative planning in the
process of enterprise management—to tackle issues connected with material, projects
and quality.
Course Outline: the course content is based on the theoretical and practical part. The
theoretical part includes the acquisition of the essence and importance of strategic and
operative planning, the process of both types of planning, levels of strategic planning,
product output planning, material needs planning, network planning, systems of
reserve management, operative personnel planning; capital, financial and financing
needs; inter relations among the plans and usage of successful plans and strategies.
The practical part includes solution of tasks relevant to the mentioned themes.
Number of Contact Hours: 64, including 16 hours of lectures and 16 hours of
seminars.
Type of Assessment: written examination.
Requirements for Obtaining Credit Points:solution of the tasks included in the content
of course during the semester.
Number of Credit Points: 4
Course Prerequisites: ability to acquire strategic and operative planning.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
planning; micro- and macroeconomics, information technology, finance mathematics.
Lectures in strategic and operative planning serve as a basis for subjects included in
part C programme of Management Studies Department.
Author of Course Description: Assoc. Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Assoc. Prof. Dr.oec. Ineta Geipele
Basic Sources:
Everett E. Adam, Jr., and Ronald J. Elbert, Production and Operations Management
:Concepts, Models, and Behaviour, 3rd ed. Englewood Cliffs, N.J., Prentice-Hall,
1986.
Michaell H.Mescon, Michael Albert, Franklin Khedouri. Management. Harper&Row,
Publishers New York, 1993.
Praude V., Beļčikovs J. Menedžments.-R., Vaidelote, 1996
88
Course Title: Quality Management
Course is included in part C
Aim of the Course: to teach students to understand systems of quality management in
an enterprise, the main function, quality systems, to use quality management
techniques, to have knowledge of ISO standards, to identify problems related to the
environment.
Course Outline: the course content is based on the theoretical and practical part. The
theoretical part includes the following basic principles of quality management,
concepts, definitions, levels, affecting factors, characterisition of quality systems, total
quality management system and quality bonuses, essence of standards, ISO standards
and their essence. The practical part includes tasks, case studies and simulation
games.
Number of Contact Hours: 32, including 16 lectures and 16 seminars.
Type of Assessment : written examination.
Requirements for Obtaining Credit Points: presentation of the tasks and case studies
included in the content of course, participation in simulation games during the
semester.
Number of Credit Points: 2
Course Prerequisites: desire to acquire quality management intensively and fast.
Related Subjects: students have a preliminary knowledge in :enterpreneurship,
planning; micro- and macroeconomics, information technology, statistics, marketing,
business communication,international marketing and trade. The Quality Management
course is incorporated in the C part of the Business Study administration Programme.
Author of Course Description: Assoc.Prof. Dr.oec. Ineta Geipele
Supervising Teacher of the Course: Jānis Pildavs
Basic Sources:
Richard L. Daft. Management.
John S. Oakland. Total Quality Management.
Mike Dillon & Chris Griffith. How to Haccp.
ISO 9000 Quality Management Systems. ISO.
89
Course Title: Computer teaching (training)
Course is included in: C part
Aim of the Course: To build up students, knowledge and relevant skills of working
with it and software.
Course Outline:
1. General skills in work with Windows NT.
2. The Internet service, observer programmes, the InternetExplorer.
2. E-mail and MS Outlook 97.
3. Text editor MS WORD 8.0.
4. Spreadsheets MS EXCEL 8.0.
Total of Contact Hours: 64 (practical classes)
Type of Assessment: continuous – assessment – based test.
Requirements for Obtaining Credit Points: skilful use of software.
Number of Credit Points: 4
Course Prerequisites: not needed.
Related Subjects: skills and abilities acquired are necessary in the further study
process in statistics, econometry, computer accounting, information technology of
economics .
Author of Course Description: Gints Neimanis
Supervising Teacher of the Course: assistant Gints Neimanis, assistant Gaidis Sēja
Basic Sources:
Katrin Sataki . Microsoft Windows95 for everyone. Teaching aid. Riga: ComputerL/
Riga, 1995. - 146 pp.
Laila Niedrīte. Microsoft Excel 5.0 for specialists. Teaching aid. Riga:
ComputerLand/Riga 1995.- 176 pp/
Teaching materials of lecturers.
Resources to be found in the Internet.
90
Course Title : General Psychology
Course is included in part C
Aim of the Course: to introduce students to the foundations of the science of
psychology, to provide principles regarding the methodology of psychology,
psychological processes, to provide understanding of the possibilities of self –
analysis and psychological characteri sation of people.
Course Outline:
1. Psyche and human behavior as the object of psychology. Methods and methodology of
psychological research.
2. Sientific schools of psychology. Behaviorism, psychonalysis, cognitive psychology,
humanistic psychology. The branches of applied psychology.
3. Psychological
processes:
sensations,
perception,
attention,
thinking,
memory,
imagination, emotions. Abilities and intelligence.
4. Individual typology. Types of temperament. K. Jung`s psychological types. Types of
character.
5. Personality, it`s formation and development trough childhood, adolescence and
adulthood.
6. Psychological characteristics of the personality : self – esteem, level of aspirations, locus
of control.
7. The hierarchy of personality needs. Values and interests.
8. Communication and social groups.
Total of Contact Hours : 32, including 24 lecture hours and 8 practical hours.
Type of Assessment : written examination; to be allowed to take final examination,
student during the term should successufully pass two preliminary tests and final
examination.
Requirements for Obtaining Credit Points : successful passing two preliminary tests
and final examination.
Number of Credit Points : 2
Author of Course Description : Assoc. Prof. Dr. psych. Viesturs Reņģe
Supervising Teacher of the Course : Assoc. Prof. Dr. psych. Viesturs Reņģe
Basic Sources:
Godfrua Ž. Čto takoje psihologija ? T.1. Maskava, 1996 (kr. val.).
Reņģe V. Personība. Personības psiholoģiskās teorijas. Rīga, 1999.
Vorobjovs A. Psiholoģijas pamati. Rīga, 1996.
Vuorinens R., Tunāla E., Mikonens V. Psiholoģijas pamati. Psihe – garīgā pasaule.
Rīga, 1998.
91
CourseTitle: Introduction to Political Philosophy
Course is included in part C
Aim of the Course: course is intended:
 to acquaint students with the the relations between political philosophy, political theory, and
political science, to clear the role op political philosophy in the history of philosophy and in
the context of contemporary philosophical thinking;
 to acquaint students with the main definitions of politics;
 to introduce students in the main ideological and theoretical approaches of the contemporary
political thinking: liberalism, conservatism, socialism, marxism, feminism, anarchism,
feminism, ecologism, multiculturalism etc.
 to discuss with students the main problems and theories of the contemporary political
philosophy: state, political obligation, rights, common interest and democracy, power,
authority and legitimacy, freedom and tolerance.
Course Outline:
1. The importamce of political philosophy, its relations with political theory and political
science. The concept of politics and its interpretations in philosophy.
2. The main ideological and theoretical approaches of the contemporary political thinking:
liberalism, conservatism, socialism, marxism, feminism, anarchism, feminism, ecologism,
multiculturalism, analytical philosophy, critical theory, posmodernism, communitarianism
etc.
3. The state. Citizenship. Obligations and rights. Justification of political obligation. The
concepts of "original position". Nation and state.
4. Power, authority, legitimacy. Power and coercion.
5. Law and order. "Natural law" and law positivism. Justification of the civil disobedience.
6. Democracy, representation and public interest. Types of democracy. Dilemmas of
democracy.
7. Negative and postive freedom. Freedom and democracy. Freedom and tolerance. The
necessity and borders of tolerance.
8. Equality and justice.
Total of Contact Hours:
 contact hours - 16 lectures (32 academic hours);
 students’ independent studies of literature - 32 hours
 preparation of the essay - 15 hours
Type of Assessment: written exsamination
Requirements for Obtaining Credit Points: To get a positive evaluation, student has to write an
essay and pass final written test, concerning content of the course and required readings.
Number of Credit Points: 2
Author of Course Description: Assoc. Prof. Dr.phil. Juris Rozenvalds
Supervising Teacher of the Course: Assoc. Prof. Dr.phil. Juris Rozenvalds
Basic Sources:
Andrew Heywood. Political Ideas and Concepts. Macmillan, 1994.
Jonathan Wolff. An Introduction to Political Philosophy. Oxford University Press, 1996.
92
Course Title: The History of Culture
Course is included in part C
Aim of the Course: To provide students with general knowledge of the history of
culture and to give them a better understanding of the contemporary cultural
phenomena.
Course Outline:
1. Introduction to the history of culture.
2. The nature, structure and functions of the culture.
3. The culture of China as a basis of Asian culture.
4. The culture of India.
5. The culture of Japan.
6. The culture of ancient world (part I).
7. The culture of ancient world (part II).
8. Etruscan and roman culture.
9. Christianity and medieval culture.
10. Renaissance in Italy and outside of Italy.
11. Catholicism and protestantism.
12. Culture of Europe (16th – 17th century).
13. The 18th century: rococo and the birth of modern wold.
14. The 19th century: pluralism of style.
15. Modernist project.
16. 20th century culture and postmodernism.
Total of Contact Hours: in the form of lectures : 2 ac. hours in a week(1 term).
Type of Assessment: a graded test
Requirements for Obtaining Credit Points: assigned papers
Number of Credit Points: 2
Author of Course Description:. Assoc. Prof. Dr. phil Vija Sīle
Supervising Teacher of the Course: Assoc. Prof. Dr. phil. Vija Sīle
Basic Sources:
Klīve, A.A.(1999), Ticības ceļos, Zinātne.
Klīve, A.A.(1998), Gudrības ceļos, Zinātne.
Klīve, A.A.(1999), Rīcības ceļos, Zinātne.
Pothorn, H.(1997), A Guide to Architectural Styles, Phaidon.
Grosmane, E.(1995), Gotika, Latvijas Enciklopēdija.
93
Course Title: An introduction into Business French
Course is included in part C
Aim of the Course: develop the communicative and writing skills, reading, listening
comprehension,acquisition of lexical - grammatical structures studying the topics
listed inthe course content.
Course Outline:
1. Acquaintance
2. Business meetings, appointments.
3. Business meeting’s planning.
4. Office equipment.
5. Hotel’s reservation
6. Hotel and living.
7. Menus and restaurants.
Total of Contact Hours: 2 classes a week in the term 1.
Type of Assessment: test
Requirements for Obtaining Credit Points: attendance makes at least 70% of total
contact hours, successfully passed me - term tests and a final test.
Number of Credit Points: 2
Course Prerequisites: the intention to acquire French intensively and effectively.
Related Subjects: related to main problems of all special subjects.
Author of Course Description: Astra Skrābane
Supervising Teacher of the Course: Astra Skrābane
Basic Sources:
S.Truscott - M.Mitchell, B.Tauzin. Le francais a grande vitesse. Cours intensif pour
debutants. Hachette, F.L.E.
K.Lidena, A.Soldena, B.Šatons. Pique-nique 1. Franču valodas kurss iesācējiem.
Zvaigzne ABC
H.Kalve. Latviešu - franču sarunvārdnīca. Jumava
94
Course Title : Principles of Business English (English as SFL)
Course is included in part C
Aim of the Course: to form and develop the vocabulary and language skills in
business and general English in order to be able to communicate in different situations
. To introduce the students with the language and style of business correspondence.
To strengthen the use and appropriate choice of grammatical functions.
Course Outline:
1. Personality profile – employee’s personal and professional qualities.
2. In the office, job responsibilities.
3. FOREIGN CONTACTS, INTRODUCING YOURSELF TO OTHER PEOPLE.
4. COMPANY PROFILES. ORGANISATIONS. CURRENT ACTIVITIES.
5. COMPANY HISTORY, ACHIEVEMENTS, EXPERIENCE.
6. TELEPHONING. TRANSFERRING AND REQUESTING INFORMATION.
7. MEETINGS. MAKING SUGGESTIONS, ASKING FOR OPINIONS. GIVING A SHORT
PRESENTATION.
8. BUSINESS CORRESPONDENCE: THE LETTER OF APPLICATION, CV, INVITATIONS,
ARRANGEMENTS, PLANS.
Total of Contact Hours : 2 classes a week in the terms 1 and 2
Type of Assessment : test - after the 1st term examination – after the 2nd term
Requirements for Obtaining Credit Points: attendance makes at least 75% of total
contact hours, successfully passed mid - term tests, the final test and the examination.
Number of Credit Points : 2
Course Prerequisites: the students have reached a lower – intermediate level of
English.
Related Subjects: related to main problems of all special subjects
Author of Course Description: Maruta Koha
Supervising Teacher of the Course: Maruta Koha
Basic Sources:
V. Hollet, Business Objectives, OUP, 1997 (stud. Book & Workbook)
V. Hollet, Meeting Objectives, Oxford English Video, Video Guide & Activity Book,
1995
A. Littlejohn, Company to Company: A New Approach to Business Correspondence in
English, CUP, 1998
Murphy R. English Grammar in Use – CUP, 1997 – 350p.
95
Course Title: Business English I and II (English as SFL)
Course is included in part C
Aim of the Course: to form and develop the vocabulary and language skills in
business and general English in order to be able to communicate in different
situations. To introduce the students with the language and style of business
correspondence. To strengthen the use and appropriate choose of grammatical
functions.
Course Outline:
1. Product description. Launching a new product.
2. Reporting on company’s progress. Writing a report.
3. Promotional tools. Advertising.
4. Financial results. Balance sheet. Describing changes. Causes and results.
5. Business news.
6. Employment. Motivation. Management styles.
7. Planning ahead. Drawing a schedule.
8. Business trip. Cultural differences.
9. Sharing the experience. Reporting on achievements.
10. Problem solving. Reaching a compromise.
Total of Contact Hours : 2 classes a week in terms 3 and 4
Type of Assessment : test - after the 3rd term ,examination – after the 4th term
Requirements for Obtaining Credit Points: attendance makes at least 70% of total
contact hours, successfully passed mid - term tests, the final test and the examination.
Number of Credit Points : 2
Course Prerequisites: the students have successfully passed the examination after the
2nd term mid – term tests.
Related Subjects: related to main problems of all special subjects.
Author of Course Description: Lāsma Sīle
Supervising Teacher of the Course: Lāsma Sīle
Basic Sources:
V. Hollet, Business Objectives, OUP, 1997 (stud. Book & Workbook)
V. Hollet, Meeting Objectives, Oxford English Video, Video Guide & Activity Book,
1995
A. Littlejohn, Company to Company: A New Approach to Business Correspondence
in English, CUP, 1998
Canter J., Hollett B. and others. Crteating Opportunities. Activity Book and Video
Guide. – OUP, 1995
96
Additional sources of information
Ventspils College official responsible for accreditation
Deputy Rector Assoc. Prof. Māra Leitāne– tel.(+371) 3628303,
e-mail: [email protected]
Information on the Department of Economics and Management –
Head of the Department Assoc. Prof. Jānis Vucāns tel. (+371) 36 23127,
e-mail: [email protected]
Information on the Department of Translation Studies –
Head of the Department Asoc. Prof. Jānis Sīlis
tel. (+371)36 23052,
e-mail: [email protected]
Information on research and methodological work–
Assoc. Prof. Māra Leitāne
Assoc. Prof. Jānis Sīlis
Assoc. Prof. Jānis Vucāns
Information on study organization –
HEAD OF STUDY UNIT AIJA GAILE
tel.(+371)36 23096
e-mail: [email protected]
Information on external relations and promotional activities –
EXTERNAL RELATIONS COORDINATOR DOCENT ASTRA SKRĀBANE
tel. (+371)36 23096
e-mail: [email protected]
Information on Students Self-Government
Stud Mārtiņš Lauva.
e-mail: [email protected]
Information on the College Library –
LIBRARIAN DACE KREICBERGA
tel. 36 23802
e-mail: [email protected]
Information on computer facilities and computerization –
HEAD OF DISTANCE-LEARNING AND COMPUTER SCIENCE SECTOR GINTS NEIMANIS
tel. (+371)36 23096
e-mail: [email protected]
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