(short for European Credit Transfer and accumulation System) An effort by the Bologna process to standardize the workload of academic courses in order to make them comparable and transferrable across the European Union. In theory, a student should be awarded one ECTS credit point for time investment of 25 hours. In Austria, the academic year of a full-time student is standardised to 60 ECTS credits, thus corresponding to 1,500 to 1,800 hours of work.