Econometrics is a division of economics that uses the linear regression model, along with other mathematical formulas, to provide statistical analysis of many different economic policies and methods. Econometrics is necessary to help determine whether or not intended policies will actually develop as intended in the real world.

The Republic of Lithuania is the official name of the country. It is found in Northern part of Europe. Lithuania appreciates science and technology in their education system highly. It has the basic aspects of primary, secondary and tertiary levels of education. Lithuania is another leading country in the provision of arts, science, engineering as well as technological courses. Lithuania has faced several challenges in higher education the last years that led to the creation of 20 universities to enhance its accessibility.

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.

Part time learning allows one to obtain part-time degrees even if one cannot attend school on a full-time basis. One can learn at his or own pace, gradually accumulating credits which count towards final qualification.