Development studies often aim to prepare students to perform a deep investigation of the developing world. To this end, an academic program in this discipline might engage with any number of issues facing developing economies and societies.

One characteristic of Iceland's higher education system is a four-year course. After completion of undergraduate degree, The University of Icleand often have scholarships for those students who may want to further studies to master’s and doctorate levels. It is based in Vesturbær, Reykjavik and was founded in 1911.