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.

Germany is a great destination for international scholars and has a high quality higher education system. The value of this level of education has been improved by the Germany's strong economy. Foreign students enjoy excellent living standards in a secure and safe surroundings. Berlin is the capital.

An LLM or Master of Laws degree is an academic degree, often sought by students with undergraduate law degrees who are looking to educate themselves more thoroughly in one specific area of law study. LLM programs are research-oriented and typically last for one year.