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.
South Korea, officially the Republic of Korea, is a sovereign country located in the southern part of the Korean Peninsula. The name "Korea" is derived from Goryeo, a dynasty which ruled in the Middle Ages. South Korea is now a liberal democracy and an economic powerhouse. The most prestigious comprehensive universities are Seoul National University, Korea Advanced Institute of Science and Technology, Yonsei University and Korea University.
Master Program in Economics in South Korea
The economics courses aim to develop students' analytical power and frame of mind for making proper choices in the alternative uses of limited resources with these two primary criteria: efficiency and equity. In their junior year, students majoring in Economics gain advanced knowledge in economics and study the essential tools of economic analysis, which will enhance their ability to understand economic phenomena and to evaluate economic... [+]