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Department of Economics

Everybody talks about the acceleration of change in the 21st economy. Capital and money move globally in seconds. National economies that can adapt to new environments and promote electronic commerce and service sectors are growing faster than others. Deregulation of capital markets and commercial transactions are proceeding rapidly, sometimes with disastrous results in developing countries. Integration of national economies is also progressing, and new regional blocs such as the European Union (EU), or the North American Free Trade Agreement (NAFTA) point to a future of the global economy.

The Department of Economics seeks to give students the ability to understand contemporary economic and social issues with a clear eye to the future. Since the end of the cold war, the modern world has become increasingly economy-oriented. Students need to learn economics systematically in order to understand today's economic phenomena. They must study advanced economic theories, understand the development of economic thought and economic history, study management techniques and theories, and have a knowledge of the standardization of accounting principles.

The Department of Economics offers diverse and comprehensive curricula in order to foster an understanding of socio-economic conditions, consider and evaluate desirable policy alternatives, and shape the role that students should play in the economy of the future. The Department is divided into six academic divisions, comprising of economic theory, quantitative economics, applied economics, international comparison, management and accounting.