Administration, business, and economics provide a broad base of understanding commerce. While administration is more focused on management issues, business examines the different disciplines involved such as distribution, accounting, marketing, human resources and operations. Economics is the study of the factors driving business, like supply and demand.

Spain, officially the Kingdom of Spain, is a sovereign state and a member state of the European Union. It is located on the Iberian Peninsula in southwestern Europe. Spanish universities regulate access to their degrees, and they fix the academic fees. They can also offer unofficial postgraduate degrees. Madrid has the largest number of bars per capita of any European city and a very active nightlife.

A masters is earned after students complete an undergraduate degree program. To obtain a masters, you usually need to complete 12 to 18 college courses that often involve completing comprehensive tests and/or a thesis.