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.
Estonia is a democratic parliamentary republic divided into fifteen counties, with its capital and largest city being Tallinn. Estonia has 12 public and 8 private universities. The oldest university in the country is the University of Tartu, established in 1632.
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Master study will provide deeper knowledge in economy and business administration, forming specialists of strategic thinking. [+]