RIGA TECHNICAL UNIVERSITY The study program has been approved by RTU
Senate session on the 25th May, 1998, prot
No.431 and restructured version on the 29 th
Faculty of Engineering Economics April, 2002, prot. No.467.
Accredited by the accreditation commission of
the Ministry of Education and Science on the
Foreign Students Department 21st December, 2000, accreditation list
No.023-0224.
The Department of Foreign Students is
allowed to implement the program,
02.07.2002, order No. 3-107.
Vice-recto .................................
E.Beķeris
STUDY PROGRAM
( international students )
Profile: Entrepreneurship and Management
Study program: Bachelor
Duration of studies 3 years
Number of credits: 122 credit points ( CP ) or 183 ETCS
Previous education: Secondary Education
Qualification: Bachelor of Social Sciences in Management
RTU program code AIBU0
A. COMPULSORY COURSES 84 CP
1. Mathematics 9 CP
2. Mathematics for Economists 4 CP
3. Physical Basics of Technology 2 CP
4. General Chemistry 2 CP
5. Computers (basis course) 3 CP
6. Computers for Economists 4 CP
7. History and Culture of Latvia 2 CP
8. Latvian Language 3 CP
9. Microeconomics 4 CP
10. Macroeconomics 4 CP
11. Introduction into Study Area 1 CP
12. Economic Statistics 2 CP
13. Quantitative Methods for Economics 3 CP
14. National Economy of Latvia 2 CP
15. Marketing 4 CP
16. Taxes and Duties 3 CP
17. International Economic Relations 3 CP
18. Economical and Labour Law 4 CP
19. Principles of Finances 4 CP
20. Business Correspondence 2 CP
21. Book – keeping 3 CP
22. Organization of Production and Services 4 CP
23. Economics of Entrepreneurship 4 CP
24. Planning of Entrepreneurship 4 CP
25. Business Management 4 CP
B. LIMITED CHOICE 22 CP
1. Specialized courses 15 CP
1.1. Real Estate Economics 4 CP
1.2. Fundamentals of Entrepreneurial Logistics 3 CP
1.3. Job Management 2 CP
1.4. Economics of Innovations 3 CP
1.5. Cost analysis 3 CP
1.6. Budgeting 2 CP
1.7. Transportation Management 2 CP
1.8. Applied Transport Economics 2 CP
1.9. English language (Extended Business course) 4 CP
1.10. German language (Extended Business course) 4 CP
1.11. Fundamentals of Customs Mission 2 CP
Organization and Management of International Economic
1.12. 2 CP
Relations
1.13. Construction Economics 3 CP
Organization and Management of Building Products
1.14. 3 CP
Manufacturing
1.15. Marketing of Building Construction 2 CP
1.16. Labour Organization 3 CP
1.17. Organization of Technological Production Projects 3 CP
1.18. Methods of of Business Organization 2 CP
1.19. Income in Foreign Companies 3 CP
1.20. Investment Economics 3 CP
1.21. Processing of Economic Information 2 CP
2. Humanities and social sciences 4 CP
2.1. General Sociology 2 CP
2.2. Models of Social Development 2 CP
3. Languages 3 CP
3.1. English Language 3 CP
3.2. German Language 3 CP
3.3. French Language 3.CP
C. FREE ELECTIVES 6CP
E. FINAL ASSESSMENT 10 CP
1. Bachelor Degree Thesis 10 CP
Total: 122 CP
FACULTY OF ENGINEERING ECONOMICS
ENTREPRENEURSHIP AND MANAGEMENT (Bachelor)
Semester Plan and Course Descriptions
1st semester
No. Subject Credits Hours Control
1 Introduction into Study Area 1 16 T
2 Microeconomics 4 64 E
3 Mathematics 5 80 E
4 Computers (basis course) 3 48 E
5 General Chemistry 2 32 T
6 National Economy of Latvia 2 32 T
7 Latvian Language 1 32 T
8 History and Culture of Latvia 2 32 T
Languages
10 German Language 1 32 T
11 Russian Language 1 32 T
19
2nd semester
No. Subject Credits Hours Control
1 Mathematics 4 64 E
2 Physical Basics of Technology 2 48 E
3 Computers for Economists 4 32 W, T
4 Macroeconomics 4 32 E
5 Business Correspondence 2 32 T
6 Economic Statistics 2 32 E
7 Latvian Language 1 32 T
Languages
8 German Language 1 32 T
9 Russian Language 1 32 T
21
Introduction into Study Area
1.00 CP (1.5 ECTS)
Problems of national and regional economic development. Entrepreneurship and its
role in the development of Latvian national economy. Organization of international
relations and fundamentals of customs .
Microeconomics
4.00 CP (6.0 ECTS)
Production, productivity. Maximization of corporate profits in the conditions of
perfect competition, monopoly, monopoly competition and oligopoly.Market of
production factors: labor market; market of production resources, land market. Theory
of public choice.
Mathematics (2 parts)
9.00 CP (13.5 ECTS)
Dr. G. Pettere
Introduction. Analytical geometry: vectors, lines, and surfaces. Linear algebra:
matrices, determinants, and systems of linear equations. Introduction to analysis:
limits, continuity. Differential calculus: derivative, differentials and their applications.
Integral calculus: indefinite and definite integrals, their applications. Ordinary
differential equations. Series. Double and triple integrals.
Computers (basic course)
3.00 CP (4.5 ECTS)
Scheme of an algorithm. Use of algorithms in problem solving. Program MathCad.
Mathematical calculations - statistical processing of data. Approximation, assessment
of errors, forecast, optimization. Resolution of problems by applying MathCad.
Presentation of the laboratory work by using Powerpoint.
General Chemistry
2.00 CP (3.0 ECTS)
Direction and rate of chemical process. Chemical equilibrium. Dispersed systems.
Aqueous solutions. pH, acids, bases, salts. General properties of metals. Galvanic cell.
Electrolysis. Batteries. Corrosion of metal and protection from corrosion. Organic
compounds. Organic polymers. Materials for constructions.
National Economy of Latvia
2.00 CP (3.0 ECTS)
Goals and objectives of Latvian national economy. Population. Census. Employment.
Labor market. Unemployment. Gross domestic product, gross national product.
Balance of payment. International economic relations. Industry, construction, power
engineering. Agriculture, hunting and forestry. Domestic trade, services. Education,
science, public health care, art. Investment strategy. Monetary sector development.
Fiscal position of the state. Foreign debt. Budget. Living standard. Integration into the
EU. Development problems of Latvian national economy.
History and Culture of Latvia
2.00 CP (3.0 ECTS)
Balts and Livs. Origin and development of their culture. The development of
different culture phenomena in Latvia: books, theatre, cinema, music, fine art etc.
Latvian folklore and mythology, Dievturība, the search for Latvian identity.
Latvian Language
3.00 CP (4.5 ECTS)
The course is designed for foreigners. The aim of the course is to train and develop
basic skills in communication, listening, reading and writing so that purpose in
everyday situations. The course contains the most neccesary topics.
Physical Basics of Technology
2.00 CP (3.0 ECTS)
Some important principles of mechanics. Technology of modern micromechanics.
Methods of termodynamics and statistics in molecular physics. Electricity and
magnetism. The dual nature of light: some main principles of waves and quantum
optics. Elements of solid state physics. Properties of electromagnetic waves and their
aplication technology. Lasers: physical basis of operation, design, applications. Some
features of nuclear and radiation physics.Technology of production of energy and
radiation protection.
Computers for Economists
4.00 CP (6.0 ECTS)
Introduction to processing of economic information by means of MS Excel program -
Goal Seek, Data Analysis and functions installed in these programs. Statistical
processing of data by using forecasting elements, graphical and analytical possibilities
offered by MS Excel. Optimization of simplified economic tasks by MS Excel
programs Solver and MathCad. Development of a data base. PowerPoint and its use
for presentations.
Macroeconomics
4.00 CP (6.0 ECTS)
The subject matter of the course of Microeconomics. Establishment of the gross
national product (GNP).Cycles in national economy.Money, banks,
inflation.Employment, unemployment.National budget.Fiscal and monetary policy of
the state.Keynesian theory and monetarism.International economic relations.
Economic Statistics
2.00 CP (3.0 ECTS)
Tasks and organization of statistics. Statistical observation, grouping, tabulation, data
plotting. Absolute, relative, average, variation parameters and dynamic time series.
Business Correspondence
2.00 CP (3.0 ECTS)
The characteristics of information. Verbal and non-verbal informations. Process of
comunication. Written comunication. Speaking comunication. Talking to the point.
Russian Language
3 CP (4.5 ECTS)
The course emphasizes the oral as well as grammatical constructions, allowing the
student to navigate the daily demands of living and working in a foreign country.The
course is also designed to provide students with a cultural framework and
understanding of customs, as well as business etiquette.The main aim of this course is
to provide a working knowledge of conversational Russian, providing students with
the ability to communicate and converse competently in Russian. Throughout the
course speaking, listening, reading, writing and grammar skills are developed.
3rd semester
No. Subject Credits Hours Control
1 Mathematics for Economists 4 64 E
2 Marketing 4 64 E, W
3 Economics of Entrepreneurship 4 64 E, W
4 Taxes and Duties 3 48 E
5 International Economic Relations 3 48 T
Elective Courses
6 Politology 2 32 T
7 Latvian Political System 2 32 T
8 United Europe and Latvia 2 32 T
Languages
9 German Language 1 32 T
10 Russian Language 1 32 T
21
4th semester
No. Subject Credits Hours Control
1 Quantitative Methods for Economics 3 48 E
2 Principles of Finances 4 64 E, W
3 Book – keeping 3 48 E
4 Economical and Labour Law 4 64 E
5 General Sociology 2 32 T
Limited Choice
6 Fundamentals of Entrepreneurial Logistics 2 32 T
7 Free Electives 2
20
Mathematics (for economists)
4.00 CP (6.0 ECTS)
Several argument functions, partial derivatives and elasticities. Substitution rate and
elasticity. Optimization problems and application in economics. Elements of
probability theory: algebra of events, discrete and continuous random variables.
Normal, exponential and Poisson's distributions. Elements of mathematical statistics.
Marketing
4.00 CP (6.0 ECTS)
Definitions and essence of marketing. Detailed focus on marketing environment.
Marketing mix elements and their interrelationship. Consumer behavior in the
consumer and business market, the place of consumers within the marketing system.
Segmentation, product and pricing policy, organization of marketing and control,
development of a system of marketing information, competition, product life cycle,
distribution, promotion in the market, etc.
Taxes and Duties
3.00 CP (4.5 ECTS)
Structure and elements of the taxation system: state taxes and duties, state dues, duties
imposed by local governments. State taxes and duties forming the taxation system.
Tax and duty payers, entities subject to taxation, tax and duty rates, payment
procedure. Tax payers' rights, responsibilities and liability.
International Economic Relations
3.00 CP (4.5 ECTS)
Foreign economic relations of Latvia: foreign trade, investments and joint ventures;
Commodities and services in the world market; trade in raw materials, industrial
goods, machinery and equipment, licences, "know-how" and other services;
organization of international haulages. Foreign trade contracts, arbitrage, insurance.
International settlements, crediting.
Latvian Political System
2.00 CP (3.0 ECTS)
Ideas on the development of the state of Latvia. Latvia's Constitution and the
corresponding power structures. Political forces and party system. Election system.
Home and foreign policy. Political culture and citizens' participation in political
processes.
Politology
2.00 CP (3.0 ECTS)
The essence, structure and social role of politics. The major problems of political
philosophy. Democratic government systems. Elections and theories explaining the
behaviour of the electorate. Political regimes. Political culture.
United Europe and Latvia
2.00 CP (3.0 ECTS)
The nature of the United Europe. The institutions of the United Europe. Socio-
economic and political security integration. Latvia in the European Union:
perspectives and problems.
Economics of Entrepreneurship
4.00 CP (6.0 ECTS)
Evaluation of production and financial resources of an enterprise, incl. intangible
assets, accounting of fixed assets, specifics of evaluation, revaluation, depreciation,
exclusion; long-term financial assets; methods of valuation of current assets;
accounting in production, incl. calculation of total production prime cost, process
prime cost, models of profit and loss account, annual report.
Quantitative Methods for Economics
3.00 CP (4.5 ECTS)
Economic and mathematical methods and models and decision making process.
Forecasting methods by using time series. Models for examining economic
relationships. Models of linear programming. Simulation. Elements of the time series
theory.
Principles of Finances
4.00 CP (6.0 ECTS)
The financial economy and the goals of an enterprise. The system of banks. Financial
plan and its making up. Credits and types of crediting.
Accounting
3.00 CP (4.5 ECTS)
Business accounting of an enterprise and its analysis.
Economical and Labour Law
4.00 CP (6.0 ECTS)
Concepts of Law theory, concepts of civil contractual relations. Family, Inheritance
and Employment Law. Legal deal conception and its participants. Legal deal structure
and its forms. Main provisions for contract conclusion. Obligations and claims from
illegal activity. Guilt as the basis for civil liability. Degrees of guilt.
Fundamentals of Entrepreneurial Logistics
3.00 CP (4.5 ECTS)
P.Patļins
Economics of procurement of raw materials and materials when organizing
production to order in small batches and establishing commercial distribution
channels. Motivation for decision making on optimum client-focused service,
minimum transportation and inventory storage costs; methods of calculating costs,
sales and mutual optimization.
5th semester
No. Subject Credits Hours Control
1 Organization of Production and Services 4 64 E,W
2 Economics of Innovations 3 48 T
3 Economics of Entrepreneurship 4 64 E, W
4 Business Management 4 64 E,W
5 Planning of Entrepreneurship 3 48 T
19
6th semester
No. Subject Credits Hours Control
1 Real Estate Economics 3 48 E
2 Cost Analysis 3 48 T
3 Job Management 2 32 T
4 Budgeting 2 32 T
5 Bachelor Degree Thesis 10 0 W
19
Business Management
4.00 CP (6.0 ECTS)
Targets and the choice of management style. Internal & external surrounding of an
enterprise. The management of innovations. Styles of management in an enterprise.
The process of control. Venture. The management of conflict.
Organization of Production and Services
4.00 CP (6.0 ECTS)
The concept, goals and objectives of production and services. Structure and specifics
of production and services. Basic principles of production. The process and types of
production. Production cycle, its structure. Flow production. Capacity, its impact on
production and services. Transportation services in an enterprise. Quality of the
production process and services. Production costs, classification and types of repairs.
Economics of Innovations
3.00 CP (4.5 ECTS)
Essence, concepts, goals of innovations. Classification of innovations. Operation of
innovation. Indicators of science intensity of a product. Innovation enterprises, types,
organizational structures. Sphere of marketing innovation: strategic and tactical
marketing innovations in enterprises. Innovation infrastructure, its core elements.
Planning of the innovation process. Economic substantiation of innovations.
Economics of Entrepreneurship
4.00 CP (6.0 ECTS)
Evaluation of production and financial resources of an enterprise, incl. intangible
assets, accounting of fixed assets, specifics of evaluation, revaluation, depreciation,
exclusion; long-term financial assets; methods of valuation of current assets;
accounting in production, incl. calculation of total production prime cost, process
prime cost, models of profit and loss account, annual report.
Planning of Entrepreneurship
4.00 CP (6.0 ECTS)
Role of planning and forecasting in business and key aspects of planning
methodology: principles, methods, types, sequence. Business plan for a successful
operation of a business, contents, requirements for development and presentation.
Key issues of production planning: planning of sales, production volumes, required
resources and their sources, costs and performance results.
Job Management
2.00 CP (3.0 ECTS)
LO, most important conventions. Systems of social safety. Industrial resource. Wages
of employees.
Real Estate Economics
4.00 CP (6.0 ECTS)
Establishment, administration, management and refurbishment of real estate as a
relevant asset of national wealth. Functioning of the real estate market and regularities
of development. The role of real estate in the development of national economy; real
estate as a guaranty for the stability of business, retention and enlargement of capital.
Cost Analysis
3.00 CP (4.5 ECTS)
Establishment of factors affecting costs and evaluation of each prime cost
determinant. Classification of costs. Specifics of accounting of separate cost items.
Methods of calculating prime cost. Information for management decision making.
Analysis of production costs. Break-even point analysis. ABC analysis. Method of
analysis of standard costs. Analysis of product prime cost. Method of analysis of
direct costs.
5th semester
No. Subject Credits Hours Control
1 Organization of Production and Services 4 64 E,W
2 Transportation Management 2 32 T
3 Economics of Entrepreneurship 4 64 E, W
4 Business Management 4 64 E,W
5 Planning of Entrepreneurship 3 48 T
6 English Language (Extended Business course) 2 64 T
7 German Language (Extended Business course) 2 64 T
19
6th semester
No. Subject Credits Hours Control
1 Real Estate Economics 3 48 E
2 Applied Transport Economics 2 32 T
3 Job Management 2 32 T
4 English Language (Extended Business course) 2 32 T
5 German Language (Extended Business course) 2 32 T
6 Bachelor Degree Thesis 10 0 W
19
Transportation Management
2.00 CP (3.0 ECTS)
Regulations governing transportation of freight and passengers by different modes of
transport. Material and technological procurement. Packing, packaging and
containerization. Regulations on the carriage of dangerous cargoes.
Business Management
4.00 CP (6.0 ECTS)
The targets and choice of management. Internal & external surroundingog the
enterprise. The management of innovations. Management forms ofenterprise. The
checking of process. Venture. The management of conflict.
Organization of Production and Services
4.00 CP (6.0 ECTS)
The concept, goals and objectives of production and services. Structure and specifics
of production and services. Basic principles of production. The process and types of
production. Production cycle, its structure. Flow production. Capacity, its impact on
production and services. Transportation services in an enterprise. Quality of the
production process and services. Production costs, classification and types of repairs.
Economics of Innovations
3.00 CP (4.5 ECTS)
Essence, concepts, goals of innovations. Classification of innovations. Operation of
innovation. Indicators of science intensitivity of a product. Innovation enterprises,
types, organizational structures. Sphere of marketing innovation: strategic and tactical
marketing innovations in enterprises. Innovation infrastructure, its core elements.
Planning of the innovation process. Economic substantiation of innovations.
Economics of Entrepreneurship
4.00 CP (6.0 ECTS)
Evaluation of production and financial resources of an enterprise, incl. intangible
assets, accounting of fixed assets, specifics of evaluation, revaluation, depreciation,
exclusion; long-term financial assets; methods of valuation of current assets;
accounting in production, incl. calculation of total production prime cost, process
prime cost, models of profit and loss account, annual report.
Planning of Entrepreneurship
4.00 CP (6.0 ECTS)
Role of planning and forecasting in business and key aspects of planning
methodology: principles, methods, types, sequence. Business plan for a successful
operation of a business, contents, requirements for development and presentation.
Key issues of production planning: planning of sales, production volumes, required
resources and their sources, costs and performance results.
Job Management
2.00 CP (3.0 ECTS)
LO, most important conventions. Systems of social safety. Industrialresource. Wages
of employees.
Real Estate Economics
4.00 CP (6.0 ECTS)
Establishment, administration, management and refurbishment of real estate as a
relevant asset of national wealth. Functioning of the real estate market and regularities
of development. The role of real estate in the development of national economy; real
estate as a guaranty for the stability of business, retention and enlargement of capital.
English Language (Extended Business course)
2.00 CP (3.0 ECTS)
An integrated speciality-related BE course: 1) developing understanding of original
texts and other sources of information; expanding professional vacabulary; 2)
developing communication and discussion skills; 3) listening comprehension to
enable participation in lectures, workshops, conferences etc.; 4) providing awareness
of organizational,stylistic and structural appropriacy in business writing.
Russian Language (Extended Business course)
2.00 CP (3.0 ECTS)
An integrated speciality-related course: 1) developing understanding of original texts
and other sources of information; expanding professional vacabulary; 2) developing
communication and discussion skills; 3) listening comprehension to enable
participation in lectures, workshops, conferences etc.; 4) providing awareness of
organizational,stylistic and structural appropriacy in business writing.
German Language (Extended Business course)
2.00 CP (3.0 ECTS)
An integrated speciality-related Business German course: 1)developing understanding
of original texts and other sources of information; expanding professional vacabulary;
2)developing communication and discussion skills; 3)listening comprehension to
enable participation in lectures, workshops, conferences etc.; 4)providing awareness
of organizational, stylistic and structural appropriacy in business writing.
Applied Transport Economics
2.00 CP (3.0 ECTS)
Overview on the modes of transportation, specific economic, organizational and
planning aspects. Level of privatization and relevance of state regulation concerning
different modes of transportation. International agreements. Costs and tariffs,
organization of transportation from the transport user's, third party and carrier's
perspective. Prospects of development of the transport network.
