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The ECTS credit system

The international Bologna agreement introduced a common assessment system known as ECTS (European Credit Transfer System).
What is a credit system?
A credit system is a method that enables the assessment of each component of a course of study. The definition of credits at higher education level may be based on parameters such as the student’s workload, the number of hours of lessons and practical work, internships and the objectives of the course.
The value of a credit
 
1 ECTS credit represents 25 to 30 hours of work (lessons, supervised work, laboratory, workshop, homework etc.).
A masters degee is often maked up of 4 modules of 30 ECTS credits each.
It is deemed that no more than 75 credits can be earned in one year (12 months) and that a masters degree is therefore a two year course.
The “n+i” network and its members take sole charge of assessing the correspondence of your country’s credits with European credits and their relevance to the course you are applying for.
Levels of skill and credits.
 
It is required after the end of secondary education:
 
The total student workload comprises preparation time, lessons, seminars and personal reading, examination preparation, project preparation etc.
 

http://ec.europa.eu/education/programmes/socrates/ects/index_fr.html