Being the largest city and the capital of Lithuania, Vilnius aims to build a bright educational future. The city is greatly filled with quality of educational institutions such as Vilnius University, Mykolas Romeris University, and Vilnius Gediminas Technical University.

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.