Economics is an area of study that explores topics of wealth, banking, finance, buyer and distributor trends, recessions and more. This subject deals with the production and consumption of goods and services as they relate to individuals, businesses and nations.

Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia, to the south by Lithuania, to the east by Russia, and to the southeast by Belarus. The Latvians are a Baltic people, culturally related to the Lithuanians. Capital is Riga which is home to University of Latvia with more than 23,000 enrolled students.

A bachelor’s degree is a four-year undergraduate degree and is the standard for higher education throughout most of the world. Bachelor’s degrees can be earned at state universities, at private universities, at community colleges and via online universities.

Part-time learning allows one to obtain a degree or qualification even if one cannot attend school on a full-time basis. One can learn at one's own pace, gradually accumulating credits that count towards a final qualification.