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The University increases the scientific research in its city by 50%. This is in addition to any library benefits already in place. You must have a Library in the city in order to build a University.
Universities are institutions of higher learning. Early universities, established in the Middle Ages, were usually built in cities that had a large or important cathedral. Studies at these institutions focused on matters concerning the church. The curricula quickly expanded to include classical art, literature, and languages. Modern universities provide the opportunity to study a wide array of subjects. They have also become centers for research into many fields, serving as the source of major advances in computers, medicine, physics, and a variety of other subjects.