The Department of Economics is committed to excellence in teaching and research. The target of the department is to train students in the fields of economic science and business administration.

Based on this mission, the department identifies three key pillars over the coming years:
A. The continuous improvement of the educational process as well as the development of infrastructure that supports the academic process.
B. The enforcement of research activity and research excellence.
C. The enforcement of department’s presence in the international educational and research community.
It is worth noting that the aforementioned axes do not constitute independent targets but they are closely interrelated.
The Undergraduate Program of the Department of Economics targets specific learning outcomes.

More specifically, the students during the program:
• analyze the economic environment and the variables that determine the behavior and decisions of households, firms and economic policy makers
• utilize methodological tools in key areas of economic science (microeconomics, macroeconomics, econometrics, public finance, international trade, economic policy, development economics, business economics, industrial organization economics, labor economics), and business administration (for example operational research, business management, entrepreneurship)
• obtain knowledge in more specialized subjects in economic science and business administration (regional economics, finance, mathematical economics, accounting, marketing – management, commercial law)
• learn how to use theoretical and empirical tools of economic science and business administration through case studies
• gain an understanding of the evolutionary nature of economics and business administration
• learn how to present the results of research using appropriate economic and business concepts
• learn how to write scientific papers and how to conduct scientific research
• are prepared to pursue successful careers in the private or public sector
• integrate quantitative and qualitative reasoning skills
• identify ethical issues related to business administration and economics