11Conclusions35. The future of the <strong>Master</strong> depends on the complex interaction of a number of factors: global,<strong>Europe</strong>an and national labour needs; changing patterns of purchasing power and postgraduatepremiums; estimations by students of value for money; system steer by policy makers; the levelof public investment and the availability of private finance; competition and collaboration.Their interaction is difficult to predict, particularly in a global economic downturn.36. The <strong>Master</strong> is a versatile qualification. It has a wide range of functions, addresses a wide rangeof clients, and is capable of rapid and flexible response to social and economic need. TheBologna Process has achieved impressive results in its first decade. The stage is set for makingthe <strong>Master</strong> readable across <strong>Europe</strong>.72
BibliographyAdam S (2004), A consideration of the nature, role, application and implications for <strong>Europe</strong>an educationof employing ‘learning outcomes’ at the local, national and international levels, The Scottish Governmenthttp://www.scotland.gov.uk/Publications/2004/09/19908/42704 [accessed on 03.08.09]Adam S (2008), Learning Outcomes, current developments in <strong>Europe</strong>: update on issues and theapplications of learning outcomes associated with the Bologna Process, The Scottish Government http://www.ond.vlaanderen.be/hogeronderwijs/bologna/BolognaSeminars/documents/Edinburgh/Edinburgh_Feb08_Adams.pdf [accessed on 03.09.08]Aelterman G, et al (2008), Study on the Diploma Supplement seen by its users. Brussels: ENQA andENIC-NARICAghion P, Dewatripont M, Hoxby C, Mas-Colell A, Sapir A (2008), Higher Aspirations: an agendafor reforming <strong>Europe</strong>an universities. Brussels: BruegelAlmaLaurea Graduate Profile Report (2007). Bologna: Consorcio <strong>In</strong>teruniversitario AlmaLaureahttp://www.almalaurea.it/eng/universita/profilo/profilo2006/pdf/chapter12.pdf [accessed on01.08.08]Amundsen G Y (2006), A comparison of master degrees in Norway and the UK, with a focus onrecognition. Oslo: NOKUT – Norwegian Agency for Quality Assurance in EducationAnz C, Employability, the employers’ perspective and its implications; recognition of degreesin the labour market across <strong>Europe</strong>, Bologna conference on employability, Luxembourg 2008http://www.ond.vlaanderen.be/hogeronderwijs/bologna/BolognaSeminars/Luxembourg2008.htm [accessed on 25.01.09]Arthur L, Brennan J, de Weert E, (2005), REFLEX The Flexible Professional in the Knowledge Society,Centre for Higher Education Research and <strong>In</strong>formation. Milton Keynes: The Open <strong>University</strong>Auriol L (2007), Labour Market Characteristics and <strong>In</strong>ternational Mobility of Doctorate Holders: resultsfor seven countries. Paris: OECD, STI Working Paper 2007-2Awards in the Framework, September 2005. Dublin: National Qualifications Authority of IrelandBergan S (2007), Qualifications – <strong>In</strong>troduction to a concept. Strasbourg: Council of <strong>Europe</strong>PublishingBologna ministerial meeting, Berlin Communiqué (2003) http://www.ond.vlaanderen.be/hogeronderwijs/bologna/documents/MDC/Berlin_Communique1.pdf [accessed on 23.07.08]Bologna ministerial meeting, Bergen Communiqué (2005) http://www.ond.vlaanderen.be/hogeronderwijs/bologna/documents/MDC/050520_Bergen_Communique1.pdf [accessed on23.07.08]Bologna ministerial meeting, London Communiqué (2007) http://www.ond.vlaanderen.be/hogeronderwijs/bologna/documents/MDC/London-Communiqué-18May2007.pdf [accessed on23.07.08]Bologna Process Conference on <strong>Master</strong>-level <strong>Degrees</strong>, Helsinki, Finland, 2003 http://www.bolognaberlin2003.de/pdf/Results.pdf[accessed on 23.07.08]Bologna Process Stocktaking London 2007 (2007). London: Department for Education and SkillsBologna with Student Eyes (2005). Bergen: ESIBBologna with Student Eyes (2007). London: ESIB73