History

Approval from the Ministry of Education, Science and Technology was granted for the integration of Chung-Ang University’s main and satellite campuses. As part of this integration, the Department of Economics under the College of Business and Economics at the Anseong Campus was relocated to the Seoul Campus and merged into a single department. This resulted in the current (as of 2018) Department of Economics under the College of Business and Economics. The revised academic structure has been applied to all students admitted since the 2012 academic year.

As part of its efforts to achieve the goals of the mid-to-long-term development strategy 『CAU2018+』, Chung-Ang University carried out the largest academic and administrative restructuring in its history in 2010. This included consolidating 18 colleges into 10, during which the College of Business and Economics was newly established through integration. Following the reorganization, the Department of Economics under the College of Political Science and Economics was renamed and reassigned to the Department of Economics under the College of Business and Economics (Seoul). At the same time, the Department of Economics under the College of Social Sciences and the Department of Industrial Economics under the College of Industrial Sciences were merged and renamed as the Department of Economics under the College of Business and Economics (Anseong). The revised academic structure has been applied to all students admitted from the 2011 academic year onward.

The Department of Economics under the College of Political Science and Economics recruited students through the integrated Political Science and Economics track

The Department of Economics under the College of Political Science and Economics adopted a broader recruitment system under the Social Sciences track.The Department of Industrial Economics under the College of Industry was renamed under the newly designated College of Industrial Sciences.The Department of Industrial Economics under the College of Industrial Sciences expanded its recruitment system to a broader Industrial Information track.The Department of Economics under the College of Social Sciences transitioned to a broader recruitment unit as the Department of Economics (School system).

An international symposium was held to commemorate the 50th anniversary of the founding of the Department of Economics.

The evening program (Division of Continuing Education) Department of Economics was integrated with the daytime Department of Economics under the College of Political Science and Economics, resulting in a single unified department.

As the College of Agriculture was expanded and reorganized into the College of Industry, the Department of Industrial Economics was reassigned from the College of Agriculture to the Social Sciences Division within the College of Industry.

The College of Agriculture, which housed the Department of Industrial Economics, was relocated to the university’s second campus (Anseong Campus).

As the Anseong Campus was reorganized into a college-based system consisting of the College of Foreign Languages, the College of Social Sciences, and the College of Human Ecology, the Department of Economics was reassigned from the Business and Economics Division to the College of Social Sciences.

The Department of Agricultural Economics under the College of Agriculture was renamed the Department of Industrial Economics. This change reflected the growing application of economic theory beyond the primary sector into the secondary and tertiary industries. Accordingly, a new curriculum was established under the name Industrial Economics.
At the graduate level, the Department of Agricultural Economics was also renamed the Department of Industrial Economics, and a doctoral program in Industrial Economics was newly established.

The evening program (Division of Continuing Education) established a new Department of Economics, with an initial enrollment quota of 50 students.

The Department of Economics under the Business and Economics Division was established at the Anseong Campus (later reorganized as the Department of Economics under the College of Social Sciences), with an initial enrollment of 60 students.The department was founded with the goal of cultivating sound and creative economists who not only meet the demands of an industrial society, but also contribute to local and national development. Through comprehensive education on economic issues and their real-world implications, the program aims to help students acquire in-depth expertise and expand their knowledge of emerging fields in economics.

The Department of Agricultural Management under the College of Agriculture was renamed the Department of Agricultural Economics.
A Master’s degree program in Agricultural Economics was established at the graduate school.

The Institute of Economic Research was established.
It was founded to study pressing economic issues both domestically and internationally, provide practical solutions, and contribute to the advancement of pure economic theory—including research in economic theory and economic history. The institute also publishes the academic journal Journal of Economic Development (JED).

The international English-language economics journal Journal of Economic Development (JED) began biannual publication. JED is the first English-language economics journal established in Korea. It is one of the few academic journals in the world dedicated to economic development and was the first Korean economics journal officially recognized by the American Economic Association (AEA).

The Department of Agricultural Management was established under the College of Agriculture, which later evolved into the Department of Agricultural Economics and subsequently the Department of Industrial Economics.

As part of a major restructuring that reorganized the university into eight colleges and 34 departments, departments from the Colleges of Law and Business were reclassified into the College of Political Science and Economics, the College of Law, and the College of Business. During this process, the Department of Economics under the College of Business was reorganized into the Department of Economics under the College of Political Science and Economics.

A doctoral program in Economics was established at the graduate school.

A master’s program in Economics was established at the graduate school.

With the elevation of Chung-Ang College to a comprehensive university, Chung-Ang University, the Department of Economics under the Division of Commerce was reorganized as the Department of Economics under the College of Business and Economics, with an enrollment of 200 students.

Chung-Ang College received official accreditation, and the Department of Economics under the Division of Commerce admitted 240 students into the daytime program.

Following the establishment approval of Chung-Ang Women’s College, the Department of Economics was reclassified under the Division of Commerce at Chung-Ang Women’s College, admitting 160 students and awarding a Bachelor of Economics degree upon graduation.

Upon receiving official accreditation as Chung-Ang Women’s Vocational School, the Department of Economics was established with a three-year program and an initial enrollment of 150 students.The department was established with the aim of providing holistic education grounded in the university’s founding spirit of “Righteousness and Truth,” while also nurturing competent professionals equipped to meet the demands of an advanced industrial society.