There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

Brazil offer a higher education that is partially financed for those students who would like to pursue advanced education. They must be aged between 18 and 35 years. This higher education system enables students to learn practical skills that enable them to face the 21st century challenges.

A bachelor's degree is given to students who fulfill the necessary requirements given by the college or university they are attending. The requirements include three to seven years of focus on a subject, typically referred to as a major or concentration.