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    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.

    Graduate diplomas are typically not offered in the United States. The American equivalent of a diploma is referred to as a professional certification. Each university has a different set of requirements for admission, so students should perform in-depth research on programs before applying.