Aim

The Overall Performance Score (OPS) is the principal metric for assessing students’ progress towards completion of degree program requirements. The Master in Economics and Finance (MEF) program director primarily awards second-year tuition-fee discounts based on the OPS achieved by students during the first year of their master’s studies. In well-justified cases that merit special consideration, the MEF program director may depart from this metric.

Computation

Formula

The OPS is based on the following three components: (i) the number of credits (CREDSIS), (ii) the grade point average (MEANSIS), and (iii) a bonus for achieving the knowledge required in advanced courses in economics (ADVCOURS), intermediate courses in economics (IMDCOURS), and area electives in finance (FINCOURS). OPS is defined by the following equation:

OPS = CREDSIS + 60 * (3.0 - MEANSIS) + 9 * ADVCOURS + 3 * IMDCOURS + 3 * FINCOURS

(1) Number of Credits

CREDSIS represents the total number of European Credit Transfer and Accumulation System (ECTS) credits earned from courses actively studied and successfully completed during the relevant period (e.g., an academic year) within the student’s degree program at Charles University and at official student exchanges that are integral to the study program (e.g., Erasmus+). Courses recognized from earlier studies and outside official exchanges are not included in the computation of CREDSIS.

(2) Grade Point Average

MEANSIS is the credit-weighted grade point average (GPA) calculated from courses actively studied during the relevant period within the degree program at Charles University and at official student exchanges that are integral to the study program (e.g., Erasmus+). All examination attempts, including failed attempts, are included in the calculation. Letter grades are converted to numeric values as follows: A = 1.0, B = 1.5, C = 2.0, D = 2.5, E = 3.0, and F = 4.0. Grades from courses recognized from earlier studies and outside official exchanges are not included in the computation of MEANSIS.

(3) Bonus

Bonus for achieving the knowledge required in area electives is based on the number of completed advanced courses in economics (ADVCOURS), intermediate courses in economics (IMDCOURS), and area electives in finance (FINCOURS).

• ADVCOURS denotes the number of passed advanced courses in microeconomics, macroeconomics, and econometrics (JEM215, JEM216, and JEM217).
• IMDCOURS denotes the number of passed intermediate courses in microeconomics, macroeconomics, and econometrics (JEM062, JEM116, JEM175, JEM176, JEM177, and JEM178).
• FINCOURS denotes the number of passed area electives in finance (JEM032, JEM034, JEM035, JEM036, JEM037, JEM092, JEM132, and JEM337). 

The computation of bonus comprises both (i) actively studied and successfully completed courses and (ii) recognized courses. 

• Actively studied courses. All relevant courses are included in the bonus computation, regardless of the final grade and the number of attempts to pass the exam. There is no upper limit for the bonus based on actively studied courses.
• Recognized courses. Only recognized courses passed with a solid grade are considered for the bonus computation. When credible evidence on individual exam attempts is available (e.g., for courses studied at IES FSV UK), a solid grade is defined as either (i) a grade of D or better achieved on the first examination attempt, or (ii) a grade of C or better achieved on the second attempt. No grade achieved at the third exam attempt is considered solid. When information on the individual exam attempts is unavailable, a solid grade is defined as a grade of C or better. Not more than 30 bonus points can be awarded for recognized courses. 

Students who enroll in a course that has identical content to a course they have previously successfully completed (e.g., a student who completed JEB044 during bachelor’s studies and later enrolls in JEM337 during master’s studies) forfeit the bonus points for this course.

See the online spreadsheet here for an illustration of how OPS is computed. The file is available for copy or download, which allows the users to modify the contents and examine how OPS varies with different inputs. 

The name of the measure is inspired by Ops or Opis, a Roman goddess of plenty, see here and here.

Time Stamp: Last updated on September 25, 2025.