The Department of Economics was established in 1992 together with the Faculty of Economics and Administrative Sciences. The Department admitted its first undergraduate students in the 1995–1996 academic year. Beginning with the 2010–2011 academic year, the Department implemented a curriculum in which at least 30% of the courses are delivered in English and introduced a compulsory English Preparatory Program. In addition to its undergraduate program, the Department also offers thesis-based and non-thesis master's programs as well as a doctoral program.