The ECTS credit system
The ECTS (European Community Course Credit Transfer) system applies to all exchange students coming to Hanken, for the benefit of the students, regardless of whether they come from EU/EEA countries or not. The ECTS system was developed by the commission of the European Community in order to provide common procedures to guarantee academic recognition of studies abroad. It provides a way of measuring and comparing learning achievements and transferring them from one institution to another.
The ECTS system is based on the principle of mutual trust and confidence between the participating institutions. The few rules of ECTS, concerning Information (on courses available), Agreement (between the home and host institutions) and the Use of Credits (to indicate student workload) are set out to reinforce this mutual trust and confidence describing its courses in terms of content and in terms of number of credits each course is worth.
ECTS credits are values allocated to course units to describe the student workload required to complete them. They reflect the quantity of work each course requires in relation to the total quantity of work necessary to complete a full year of academic study at the institution. Student workload refers to the time spent at lectures, practical training, seminars, independent study and examinations or other assessment activities. ECTS credits express a relative value.
In ECTS, 60 credits normally represent the workload of an academic year of study, 30 credits that of a semester and 20 credits that of a trimester (in a three term system).
At Hanken "credit points" correspond to ECTS credits. A full year study of 60 credit points corresponds to 60 ECTS and a semester of 30 credit points corresponds to 30 ECTS.NB! Credits are awarded only when a course unit is successfully completed and the assessment requirement for each part of the course is satisfied.
Credit transfer under ECTS
The course design often combines lectures and written and oral assignments presented by students in group or individually. A course may include term papers of various length. Usually there is a final, written examination at the end of the period and/or mid term-exams. Students are expected to participate actively in the courses and must have the ability and willingness to communicate in English. For information on the outline of a course, please see the course home page for the standard information. A detailed course plan (syllabus) of a course and session information etc. are found in the Moodle satudy tool. The detailed syllabus of the previous academic year gives indicative information on the course until the corresponding detailed information for the coming semester will be available close to semester start or start of the teaching period.
Full-time studies during an academic year amount to 1600 hours and 60 local credit points, which corresponds to 60 ECTS. and full-time work load for a semester is approximately 30 ECTS. Courses amount to 6 or 8 credits, as a rule, that makes 4-5 courses per semester.
Assessment is based on work in class, on individual and group work, on mid-term exams and usually on a final written exam. Sometimes a course includes an introductory exam immediately at course start. There will be a notice in the handbook course description in case there is an introductory exam. The date(s) of the introductory exam will be in the exam list or be during the firts introductory session, please check for this. If there is an introductory exam, feel free to contact the International office prior to arrival regarding any registration for the exam.
The student's course work is continuously assessed on the basis of the total work in class, individual and group work, and the examination(s). If there is no final written examination for a course, the assessment is based solely on the total work throughout the curse.
The grading scale is a numerical scale from 50-100 % where 49 is a Fail. It corresponds to a verbal scale of Excellent (E), Very Good (VG), Good (G), Satisfactory (S), and Sufficient (SU). "Fail" is not a grade, and only fully completed courses (all parts passed with minimum points for each part) will appear on the transcript of records. The grading system does not include the use of the ECTS relative grade distribution and the student's position in a course.
There are pre-scheduled final exam dates at the end of the period/term for the majority of the course. All the the official pre-scheduled exam dates are found on the home page of each course. The system at Hanken offers the students alternative dates, i.e. a student may choose either or of the pre-scheduled exam dates given on a course home page. The re-take exam date may be used to improve the result and there is no penalty for failing the firts exam. Exchange students may not, out of practical reasons, have other options than the first exam date, because they leave before Christmas, for example. The second alternative dte may help in completing all course work before departure.
A student may not need to take the final pre-scheduled exam, as the course may be completed through continuous work and mid term exams. Some courses, as mentioned, do not have with a final written exam
If needed, students staying/coming for the spring semester are expected to stay for the re-take exams in the beginning of the summer. In other words, exchange students have optional dates for passing all courses before they leave, and these should be used. In exceptional cases Hanken allows a student to take an exam at the home university after return home, provided it is at the same date and same time as at Hanken (time zones limit the possibility). The home university decides whteher they allow their student to sit an exam at home and to arrange it. Such arrangements must be checked well in advance with the coordinators at both the home university and at Hanken.
For details on examinations and rules, read the Exam Regulations carefully.