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.

Higher learning in Aruba provides several courses. Students with a HAVO (Senior general secondary education), MBO-diploma (middle-level appluied education, oriented towards vocational training), or even VWO (lower years) may opt to continue with their higher education. University of Aruba offers degree courses such as undergraduate, masters and even doctorate courses that range between time duration of 2 to 4 years.

An MA is a master’s degree awarded to students that have completed a program studying humanities or fine arts subjects such as history, communications, philosophy, theology or English. A Master of Arts degree typically requires coursework, research and written examinations.