|4+||Fail with possibility of retake||59-50||*)|
|4||Fail||49 and less||Not passed|
*) If students receive between 50 – 59 points as the total for a course, they will be given an opportunity to retake a final exam for this course during the exam period. Consequently, if the students do not retake the final exam, they will be given a failing grade for the course.
Transcript of Records states the grade achieved in each course. Should the students skip or apologize a course, it is shown at the additional Transcript of Records.
Besides the above mentioned grading scale, the ECTS grades may appear on the transcript. The ECTS grading scale is a grading system defined in the ECTS framework by the European Commission. It has been developed to provide a common measure and facilitate the transfer of students and their grades between European higher education institutions. The ECTS grade is indicated together with the mark awarded by the host institution on the student’s transcript of records. The receiving institutions then convert the ECTS grade to their own system. The ECTS grading scale is based on the class percentile, that is how he/she performed relative to other students in the same class. This system can be represented in a table, as follows:
|A||10 %||Outstanding performance with only minor errors||Passed|
|B||25 %||Above the average standard but with some errors|
|C||30 %||Generally sound work with a number of notable errors|
|D||25 %||Fair but with significant shortcomings|
|E||10 %||Performance meets the minimum criteria|
|FX||Fail – some more work required before the credit can be awarded|
|F||Fail – considerable further work is required||Not passed|
The ECTS grades take time to get calculated and can only be issued in February (Fall semester)/ July (Spring semester).
The European Credit Transfer and Accummulation System (ECTS) was developed by the European Commission. One of the objectives of the implementation of this system is to provide common procedures to guarantee academic recognition of studies abroad. Measuring and comparing learning achievements and transferring them among institutions is enabled by the ECTS system. The ECTS system is based on the mutual trust and confidence among the participating higher education institutions. ECTS credits are a value allocated to course units to describe the student workload required to complete them. The amount and quality of work required in each course is reflected in relation to the total quality of work required to complete a full year of academic study at the institution; lectures, practical work, seminars, private work (in the library and at home), examinations and other practical activities are counted as a student workload. ECTS express the relative value of each course. In 2009, the Prague University of Economics and Business (VSE) was among the institutions which were selected by the European Commission to be awarded the ECTS and DS Labels (valid until 2016). More about ECTS and DS at VSE. 30 ECTS credits per semester (4-6 courses) are considered to be the regular workload for an exchange student. However, the schedule of each student should be discusses with the home institution prior to the student’s departure. The home institution is to decide which courses are applicable to the student’s programme and to consider the number of courses representing a full semester.