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.

Russia or, also officially known as the Russian Federation, is a country in northern Eurasia. Education in Russia is provided predominantly by the state and is regulated by the Ministry of Education and Science. In Russia, it takes about 70 % of training time for the contact lessons with a teacher, the rest 30 % of the workload are devoted to the independent study of the material.

A Doctorate of Business Administration (DBA) is a degree offered by business schools and business faculties at some universities to be pursued after completing graduate education. This is the way into careers in advanced business consulting or academia.

Blended learning combines digital and online media with traditional face-to-face learning. It allows teachers to use a variety of teaching methods and technology to customize learning for each student. Blended learning can be used in various forms, from completely online courses to hybrid courses where students learn both in the physical classroom as well as online.