Higher education has a rich tradition in Sarajevo. University of Sarajevo, being the most imperative higher learning institution in Bosnia-Herzegovina is based in this city.

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.

Bosnia and Herzegovina are amongst the leading world’s higher education with an excellent education, which is a research, student’s interactive and even flexible university education. This country has the best universities in the world such as university of Bosnia and Herzegovina among others.

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.