Sydney is home to Australia’s most high-flying education institutions. The oldest university in Australia, University of Sydney is among the institutions in the city. Others include Australian catholic university and University of New South Wales.

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.

Australia has a subsidized higher education for students pursuing the undergraduate degrees. They also give loan and grants for the post graduate students. Higher learning starts at undergraduate degree level to a doctoral degree offered in any field of study.

An associate degree is an undergraduate degree offered in the US and a few other countries. Associate degrees are a qualification below a bachelor's degree. Many students earn associate degrees during their first few years of higher education. Since they usually require about two years of study, these degrees can act either as job qualifications or as precursors to more advanced degrees.

Part time learning allows one to obtain part-time degrees even if one cannot attend school on a full-time basis. One can learn at his or own pace, gradually accumulating credits which count towards final qualification.