Economic development is a study that prepares students to use economic theories to create policies that help a nation’s people prosper economically and socially. This area of economics focuses on the growth of a country and its citizens.

Russia (Russian: Россия) is by far the largest country in the world, covering more than one-eighth of the Earth's inhabited land area. The former State Committee for Higher Education in Russia financed 240 universities, academies and institutes, making Russia a solid country to study in.

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.