StudyLink logoHome
Students on a university campus

Economics Pathways in Latvia

Highlighted course

Looking for your first degree in Economics? See All Bachelors degrees in Economics

Alternatively if you are looking for graduate level options? See All Masters degrees in Economics

Study a Economics Pathways or Foundation Programme in Latvia

Economics is the study of how financial resources are used and applied across personal, public and corporate fields. The 21st Century has seen an increase in the pressure on resources and the administering of funds. There are more economic issues than ever before, meaning the education of economists is all the more imperative. As well as the obvious focus on money and finance, an economics degree will also allow you to explore the social side of financial situations, meaning that you will graduate with many transferable skills.

An undergraduate degree in Economics will normally give you a good foundation knowledge of economics as a whole. You will study modules that cover production and consumption, the distribution of finances, and the law, psychology and history of economics. There are two major elements of economics; microeconomics and macroeconomics. Microeconomics is the study of individual bodies, such as households or companies. Macroeconomics is the study of entire economies, on a global or national scale, and it looks at issues such as unemployment and inflation.

Your economics degree will mainly be taught through lectures and seminars. There may be opportunities for you to take part in group projects. These will give you an insight into what working in economics may be like. Some universities may offer an optional module of a placement, but this is not guaranteed.

Depending on where you choose to study, you may be able to specialise towards the end of your degree. The specialisation(s) you choose can help you to decide what field you wish to work in after you have graduated. Common specialisations include:

  • Financial Economics
  • International Economics
  • Economics and Law
  • Development Economics
  • Applied Economics

If your course requires you to write a dissertation in your final year, this will present you with another chance to further research an area of interest.

The award gained on graduation will depend on where you choose to study, as well as your specific course. Some economics degrees will award a Bachelor of the Arts, and others will award a Bachelor of Science. This is usually influenced by the content of the degree. In other countries, you may gain a different award altogether, as countries can have different accreditation systems.

Generally, an undergraduate degree in economics will take three to four years. Foundation degrees, diplomas and certificates can last up to two years when studied full-time.

Once you have successfully completed your undergraduate degree, you can either seek employment, or further your studies. Continuation of your studies could come in the form of a postgraduate degree, such as a masters or PhD, or a graduate diploma or certificate.

Economics graduates most commonly find work in economics and finance related positions. These can include analyst, researcher, consultant and statistician, in both private and public services. As well as these roles, you may choose to work in banking, auditing and stock broking.

An economics degree course will equip you with a wide range of applicable skills, including statistical analysis, numeracy, presentation of data and problem solving. These skills mean that you will be a useful asset in any sector or field.

Latvia

Often referred to as ‘Europe's best kept secret', Latvia is located in Northern Europe, and boasts beautiful scenery and modern cities. The country is home to an ethnically diverse population, making it a welcoming place for an international student. The higher education system in Latvia is split into academic and professional studies, with universities that specialise in various different fields. Universities in Latvia regularly get commended for their internationalisation, employability and inclusiveness, demonstrating how welcome international students are in the country.

See our detailed guide to studying in Latvia for international students.

Sign up to StudyLink.com

Sign up to StudyLink.com, the home of quality study abroad advice.

Sign up now
Students with books and test tubes

Other Foundation Business & Management courses in Latvia

International study advice

Read our selection of advice articles for those looking to start on their study abroad adventure. Covering topics from study visas, applications, funding and choosing the right course and institution:

World map on a blackboard
Deciding to study abroad: The first steps

Read StudyLink's suggestions on your first steps when deciding where to study abroad, with helpful tips to make your decision easier.

A camera, a visa and a world map
International Study Visas

Find out more about international student visas for studying abroad, as well as how, where and when to apply for yours.

Person holding a compass
How to choose the ideal study destination for you

In this article we look at how to approach choosing where in the world you would like to study.

Students reading a book
English Language Testing for International Students

Find out more about English language tests, your options and what is required as an overseas student.

More Advice and Guidance for Studying Abroad