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.

Costa Rica offers a sponsored and at the same time students-friendly higher learning curriculums. The country has 20 public and 44 private universities with the leading three public universities being University of Costa Rica, The national university and Costa Rican Institute of Technology.