Format and Length of Studies
In the 70's and 80's Masters degrees in Economics were awarded to full-time students after 4 years of study, except for the Faculty of 'Cibernetics and Informatics', which required one additional year. After 1990, Undergraduate studies at the Academy of Economic Studies ended with a Bachelor's degree in Economics, while acquiring a second specialization according to the department where they were enrolled. Up to 2005, undergraduate studies at the Academy of Economic Studies consisted of a four-year cycle (five-year cycle for the Faculty of 'Cibernetics and Informatics'). Master studies would continue for two more years, and doctoral programmed would normally be three years long. Since 2005 however, the Academy has adopted the Bologna declaration and undergraduate studies are now three-year long, followed by 2-year Master programmes. In this format, undergraduate studies finalize with a total of 180 credits, graduate programmes require a completion of 120 credits. The PhD programmes remain with a length of minimum three years.
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