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.

A landlocked country found in the Central Europe region with Hungarian as their official language. The country’s mathematics and science approach are outstanding. It homes the world’s first technology institute. It is here that the first steam engine in Europe was built back in 1722.

Available at universities around the world, a PhD degree is an excellent choice for students who wish to pursue a career in academia or research. This type of degree is the highest qualification available in many fields and requires a great deal of study to obtain.