Azerbaijan State University of Economics

Originally it was a part of Baku State University. It became a separate university in 1934. Over the years its name has changed a number of times and it was re-merged and re-separated from Baku State on several occasions. On its creation in 1930, the school was named the Trade-Cooperative Institute. In 1933, the government of Azerbaijan SSR changed the name to the "Azerbaijan Social-Economic University named after Karl Marx" (similar to the naming of the Azerbaijan Medical University named after Nariman Narimanov), and introduced curricula on accounting, law and finance. In 1936 the name was tweaked to the "Azerbaijan Social-Economic Institute named after Karl Marx". With the onset of World War II, UNEC was folded into Baku State University's Department of Economics. By 1944 the school was separated again, this time as the Azerbaijan National Economic Institute. It remained under this name until March 1959, when war caused it to be folded back into Baku State University.

In 1966 the school separated once again, and has remained independent since, initially as the Azerbaijan National Economic Institute named after Dadash Bunyadzade. In 1987 the name was changed to the Finance-Economic Institute; and in 2000 the name was finally changed to its current form by an act of the Azerbaijani government.

Azerbaijan State Economic University is the only state university that provides education in all fields of economics. The university has different specialties:

• Accounting
• Finance
• Banking
• Statistics
• World Economy

Customs organization and management

• Commerce

Business organization and management Commodity Research

• Informatics
• Advertising business

State regulation of the economy Price standardization and certificate

• Design

At the moment the University has 11364 Bachelor's and 738 Master's students at 20 faculties with 47 specialties.

The Derbent branch of the Azerbaijan State Economic University was founded in 1993 by Heydar Aliyev. However, the official opening of the branch of the Azerbaijan State Economic University in the city of Derbent of the Republic of Dagestan of the Russian Federation was held only in November 2016. The total area of the Derbent branch is more than 11 thousand km2. There are 32 classrooms in the university, with a total capacity of 1,000 students. In the first year 69 people were recruited to the university. At the moment, students can study in four areas:

• World economy
• Finance and credit
• Accounting, analysis and audit
• General Economy

Along with this, branch students also can enjoy all the privileges and international relations of the university - so they can also receive double diplomas and participate in international exchanges.[3][4]

Under the Azerbaijan State University of Economics, there is also a branch in one of the north-western cities of Azerbaijan - Zagatala. The basis of the Zagatala branch was laid on the basis of the branch of the Azerbaijan State Pedagogical University under the decree of the President of the Republic of Azerbaijan of April 29, 2016. The official opening of the branch took place on September 15, 2016. Training takes place in 4 main directions:

• Business management
• Finance
• Accounting
• Economy

The first set included 113 students from 37 different regions of Azerbaijan.[5][6]

The Azerbaijan State University of Economics has connections with foreign universities.

Thus, ASUE cooperates with the Siegen University of Germany in the direction of organizing summer and winter schools. In 2016, a winter school was held at the University of Siegen, in which participated teachers and students from both universities. A joint project entitled "Entrepreneurship education: as the main factor in creation of jobs and employment in Azerbaijan" started in 2016 and is planned to be completed in 2019.[7][8]

UNEC was declared the winner of the TEMPUS IV program of the 6th convocation for a project called "Development and improvement of university management in the field of international relations". As a winner, ASUE was awarded a grant for implementation by the European Commission. In 2017, this project, whose goal was the formation of international relations based on the attraction of students and teachers in the international educational environment, was realized. Closing ceremony was attended by such personalities as the rector of ASUE Adalat Muradov, head of the office of the national program Erasmus+ Azerbaijan Parviz Bagirov, representative of the Ministry of Education of Azerbaijan Yashar Omarov, UK University of Warwick Fellow James Kennedy, Vice-Rector for International Relations and Programs ASUE Shahin Bayramov and as well as representatives of the Ministry of Education of Ukraine, Kyrgyzstan and Tajikistan.[9][10]

In 2015, for the first time in Azerbaijan, ASUE joined the International Program of the London University - the London School of Economics (LSE). Within the framework of this program, ASUE students receive education both in accordance with the curriculum of ASUE and in the curriculum of the London School of Economics. Students are provided with all the necessary materials and benefits, and upon completion of the training the students of this program receive two diplomas.[11]

In addition to the London School of Economics and Politics, students can receive a second diploma from the French University of Montpellier in 2016. This can be done in two ways: students can go to the University of Montpellier from the third year to continue their studies for a year there, or continue their studies at ASUE, but according to the curricula of Montpellier. In both cases, students receive accreditation and a second diploma from the University of Montpellier.[12]

2006 - Azerbaijan State University of Economics was awarded the "Golden Fortune" prize, which was held by the International Academy of Rating Technologies and Sociology. The university participated under the nomination "Rating of popularity". The award was given for the creation of a new model of economic education in the territory of the CIS. Before, ASUE received the "Silver Fortune" award in 2002.[13][14]

2006 - ASUE was nominated for the National Award "Uğur". The prize was awarded for the fact that the university contributed to the development and advancement of science, as well as to the development of national cadres.[15]

2007 - The University received the "University of the Year" award, which was held at the national level.[16]

2007 - ASUE was awarded the “Intellect – 2007” Prize for the creation of the project of the Information and Library Center in ASUE.[16]

2008 - At the conference held in Ankara, UNEC received an award for the contribution and development of the Turkic world and culture.[17]

2009 - The International Academy of Professionals, which was established in Kyiv in 1996, awarded the "Golden Medal" to the Azerbaijan State Economic University for merits in the scientific sphere and training of personnel.[18]

2009 - The "Child of Motherland" award and the "Dada Gorgud" medal were awarded to the university rector for the fact that the University made a contribution to the development of Azerbaijan, from both economic and social sides. The award was presented by the Supreme Council of the Dada Gorgud Foundation.[14][19]

2010 - Within the framework of the international image program "Millennium Award" ASUE received three awards - a diploma, a cup and an order for the fact that the university used modern educational technologies and introduced innovations in the educational system.[14][19]

2015 - The University was awarded the certificate "Best Performance" for the best presentation at the 9th Azerbaijan International Education and Career Exhibition. This is the only university that received the certificate "Best Performance" at the exhibition, which was attended by more than 130 institutions of higher education from 16 countries.[20]

2015 - Business School ASUE was recognized as a full member of the Accreditation of the Business School of the European Foundation for Management Development (EFMD) for the first time in Azerbaijan.[21][22]

2016 - UNEC retained its leadership among universities in Azerbaijan in accordance with the list identified by the rankings of the world's higher education institutions "The Ranking Web" and "Webometrics".[23]

2016 - According to the latest results of 2016, introduced by uniRank, which determines the popularity of the world universities on the Internet, UNEC was the first among universities in Azerbaijan.[24]

• H.E Mr. Heydar Aliyev, former President and National leader of Azerbaijan Republic
• H.E Mrs. Suzanne Mubarak, former First Lady of Arab Republic of Egypt
• Dr. Ismail Serageldin, director of Bibliotheca Alexandrina
• H.E Mr. Konstantinos Stephanopoulos, former President of Greece
• Joseph Stiglitz, Nobel prize winner
• Erik Stark M, Nobel Prize Laureate in Economics, Professor at University of Harvard
• Finn Erlinq Kidland, Nobel Prize Laureate in Economics, Professor at University of Carnegie-Mellon University, Norway
• Christopher A. Pissarides, Nobel Prize Laureate in Economics, Head of Chair and program director at London School of Economics
• Robert Mandell, Columbia University Professor – USA, Nobel Prize Laureate[25]
• Roger Myerson, Nobel Prize Laureate in Economics, Professor of Arizona University (USA)
• Kenneth Arrow, Nobel Prize Laureate in Economics, Professor at Harvard University (USA), Founder of School of Economy[25]

• Ismat Abbasov, Deputy Prime Minister of Azerbaijan Republic
• Avaz Alakbarov, former Minister of Finance of Azerbaijan Republic
• Fizuli Alakbarov, former Minister of Labor and Social Protection of Population of Azerbaijan Republic
• Azer Amiraslanov, The chief of Department for Agrarian Policy Issues of the Presidential Administration of Azerbaijan Republic
• Heydar Asadov, Minister of Agriculture of Azerbaijan Republic
• Rufat Aslanli, Chairman of State Committee for Securities of Azerbaijan Republic
• Nazim Ibrahimov, Chairman of State Committee on Work with Diaspora of Azerbaijan Republic
• Telman Ismailov, Ex Businessman
• Karam Hasanov, Chairman of State Property Issues Committee of Azerbaijan Republic
• Mikayil Jabbarov, Minister of Education of Azerbaijan Republic
• Eldar Mahmudov, former Minister of National Security of Azerbaijan Republic
• Fazil Mammadov, Minister of Taxes of Azerbaijan Republic
• Ali Masimov, former acting Prime Minister of Azerbaijan Republic
• Salim Muslumov, Minister of Labor and Social Protection of Population of Azerbaijan Republic
• Shahin Mustafayev, Minister of Economy and Industry of Azerbaijan Republic
• Elman Rustamov, Chairman of the Management Board of Central Bank of Azerbaijan
• Aris Hüseynov, Economist-Accountant of BCC Group of Companies

• Azerbaijan State Economic University