Incheon is a Metropolitan city and the 3rd most populated place in South Korea with over 2 million inhabitants. The city is part of Seoul National Capital Area because of its close proximity to the area. It has several universities and colleges.

Economics is an area of study that explores topics of wealth, banking, finance, buyer and distributor trends, recessions and more. This subject deals with the production and consumption of goods and services as they relate to individuals, businesses and nations.

The institutions of higher education included regular four-year colleges and universities. Education is taken very seriously in South Korea, and the country is home to several world class universities, many of which have exchange agreements with various foreign universities, and are a good way for foreigners to experience life in the country.

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.