In order to ensure the implementation of the Decision No. 183 of the Scientific Council of ݮƵ on May 31, 2022, from 02.09.2022, the departments ofInternational Economy,Theoretical and Practical Economy,Economic RegulationandEconomic Theorywere cancelled and the Economy department was established on their basis.
The Department Regulation of economy has started to operate from late 30s under the titles of «Peoples economy», «Planning of peoples economy », «Plan-economy» and other names. In other words, the history of the Department coincides with the history of the University.
The collapse of the former Soviet Union caused changes in the social structure and the economy to update the profile of the department. In accordance with the requirements of the market economy, the chair was renamed; the Department of Economics Regulation had been named Macroeconomic Regulation since 2006, and Economic Regulation since 2009. In 1999, a more specialized division, a group of lawyers was combined with the department. This division was preparing specialists in Legal Regulation of Economy. Subsequently, this specialty was excluded from this department and became an independent chair under the name of Economic Law. Currently, a number of chairs, such as Price, Social and Cultural Sector Management and Economics and Economic Law are separated from this department.
The Department has been prepared high-qualified workforce for different fields of peoples economy since its operation. The Department was headed by an Assistant Professor Mursalov Afrasiyab Mursal within the years of 1966-1972. Among the directors of the Department was an Assistant Professor K.G.Sultanov from 1982 to 1985, Assistant Professor A.G.Stolbov from 1986 to 1991, Assistant Professor Z.Mammadov from 1991 to 1992, Assistant Professor K.F.Sadigov from 1992 to 1997 and Assistant Professor H.B.Allahverdiyev from 1979 to 1982, from 1997 to 2006. Currently, the Department is run by the Dr. of Economic Sciences, Professor Mahish Ahmadov.
The chair prepares highly qualified specialists for various branches of the national economy. Subjects taught at the department are directed to deeply mastering the specialties that meet the requirements of the modern world and adopted in the world educational system. New textbooks, textbooks, methodical instructions, programs for these subjects have been developed and published.
The Department used to prepare specialists in State regulation of economy and Legal regulation of economy until 2007. Beginning from 2007-2008 academic year, only specialists in Regulation of economy is trained by the Department at the undergraduate and graduate levels. Since 2014, the specialty “Regulation of the economy” has been renamed the specialty “Economics”.
In accordance with the general scientific direction of the department, in the years of its existence, its employees have been involved in the formation of national economy in Azerbaijan in the conditions of globalization, state regulation of socio-economic development of regions, socio-economic development, employment, social infrastructure, state policy of state and its implementation. Scientific-methodological and practical research works.
The end of the transitional period in the Azerbaijani economy is characterized by a significant change in the nature and influence of the mechanism of state regulation of socio-economic processes. Taking this into account, the staff of the department conducts scientific research on the theme Tools, mechanisms, main directions and problems of ensuring sustainable development of the national economy.
The department conducts training on the program of the degree of PhD and the program of the Doctor of Sciences.
Consultants:
Doctor of Law. Efendiyev Oktay Firidun prof.-consultant