Economics is an area of study that explores topics of wealth, banking, finance, buyer and distributor trends, recessions and more. This subject deals with the production and consumption of goods and services as they relate to individuals, businesses and nations.

Turkey, officially the Republic of Turkey, is a transcontinental country, located mostly on Anatolia in Western Asia and on East Thrace in Southeastern Europe. Many Turkish universities (both public and private) are participating in pan-European student exchange programs (Socrates, Erasmus, and the like). Some also have agreements with non-European universities, too.

The PhD is a doctoral degree, specifically called a "doctor of philosophy" degree. This is misleading because PhD holders are not necessarily philosophers (unless they earned their degree in philosophy!). That said, PhD recipients are able to engage in thought experiments, reason about problems, and solve problems in sophisticated ways.

Online or distance learning refers to the use of electronic media and information and communication technologies (ICT) in education. With online learning, one can access education at any time and from any location with an available internet connection.