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.

Situated between the Andes Mountains and the Amazon River in South America, Bolivia has a surprisingly robust higher education system that includes one of the oldest universities in the Western Hemisphere. In recent years, the government has passed legislation to improve and standardize the quality of instruction in the universities.

A master’s program is a focused degree that requires about two years of classwork, research, and possibly a thesis paper to earn. This advanced program of study allows students to further specialize their schooling in an area that interests them.