A masters refers to the completion of a graduate study program that prepares students to further their knowledge of a specific subject or advance their careers. The majority of masters are granted by state or public universities.
Aside from the distinguishing between microeconomics and macroeconomics, students who are studying economics must also learn the difference between positive economics and normative economics. The former deals with that which is, while the later deals with that which ought to be. Other distinguishing characteristics include economic theory and applied economics.
Distance learning is a method of delivering education to students who are not physically present on campus. Various studies have shown that distance learning programmes can be as efficient and effective as conventional classroom programmes sometimes even better!
The basic characteristic of Austrian higher education system is a four-year course. After completion of undergraduate degree, the university often have scholarships for those students who may want to further studies to master’s and even to doctorate levels.
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