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.

LLM is Latin for legum magister, signifying Master of Laws. LLMs are advanced professional degrees typically completed by individuals who already hold an undergraduate degree in Law or a related subject.