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.

Georgia is a sovereign state in the Caucasus region of Eurasia. Located on the coast of the Black Sea, it is bounded to the north and northeast by Russia, to the south by Turkey and Armenia, and to the southeast by Azerbaijan.

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.