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.

In Belarus, university education is the highest level of academic educational pursuit. It also has an extra post-secondary level, which provides other related vocational training. After the undergraduate degree, the education system gives you an opportunity to further your education in order to extend your academic pursuit to masters or doctoral degree levels.

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.