Economic development is a study that prepares students to use economic theories to create policies that help a nation’s people prosper economically and socially. This area of economics focuses on the growth of a country and its citizens.

Russia or, also officially known as the Russian Federation, is a country in northern Eurasia. Education in Russia is provided predominantly by the state and is regulated by the Ministry of Education and Science. In Russia, it takes about 70 % of training time for the contact lessons with a teacher, the rest 30 % of the workload are devoted to the independent study of the material.

A bachelor’s degree is a four-year undergraduate degree and is the standard for higher education throughout most of the world. Bachelor’s degrees can be earned at state universities, at private universities, at community colleges and via online universities.