Established in September 1945 for the first time in the Republic of Korea, the School of Economics at Chung-Ang University has been nationally recognized for excellence in research and education. Currently with more than 700 undergraduate and 30 graduate students, the School of Economics offers a full range of courses in Economics at the B.A., M.A., and Ph.D. levels. Our alumni are, well equipped with both theory and applications, now actively working in various fields including government, industry, the financial sector, policy research, and higher education. Furthermore, with variety of research interests spanning economic theory, econometrics, macroeconomics, economic history, labor, public, monetary, development, international, and financial economics, the research of the School’s faculty members has been appeared in world-renowned academic journals such as Review of Economic Studies, International Economic Review, European Economic Review, Games and Economic Behavior, Journal of Economic Dynamics and Control, Journal of Urban Economics, Journal of Health Economics, Economica, Journal of Economic History, Journal of Futures Markets, and Korean Economic Review. Also the Journal of Economic Development, a leading journal in development economics, is housed at the School’s Economic Research Institute.
Specialized curriculum that harmonizes theoretical education focused on understanding the high-tech information society of the 21st century with practical education
1945.09. | Upon official approval of the Central Women’s College, the Department of Economics was established, and 150 students were recruited for three years It was established with the aim of training competent professionals necessary for a highly industrial society while providing holistic education to practice righteousness and patience as school lessons through liberal arts and major courses |
1947.04.10. | Authorized to establish Chung-Ang Women’s University, changed to the Department of Economics of the Department of Commerce, Chung-Ang Women’s University, recruited 160 students, and awarded a bachelor’s degree in economics to graduates |
1952.05.15. | Official Authorization of Chung-Ang University, Recruitment of 240 Economics Department Weekly |
1953.02.28. |
As Chung-Ang University was promoted to Chung-Ang University, a general university, 200 students were recruited from the Department of Economics of the Department of Commerce and Economics to the Department of Economics of the Gyeongsang University |
1953.04. |
Open a master’s degree course in the Department of Economics at the Graduate School of Economics |
1955.04. |
Opening of a Ph.D. program in the Department of Economics |
1968.12. |
The university organization was reorganized into 34 departments from eight colleges and universities, including classification and integration of departments from the legal university and the Gyeongsang University into the Gyeongsang University, Law University, and Business University |
1971.12. |
Establishment of the Department of Agricultural Management at the Agricultural College (Later Department of Agricultural Economics and Industrial Economics) |
1974. | The Journal of Economic Development (JED), an international English-language economic journal, has been published twice a year JED (Economic Paper Collection) is the first English-language economic journal published in Korea, one of the few specialized economic development journals in the world, and the first Korean economic journal recognized by the American Economic Association (AEA) |
1976. | Establishment of Economic Research Institute, Established to study economic problems facing both inside and outside the country and present the answer, and to contribute to the development of pure economic theories such as economic theory and economic history research, JED is published |
1977.12. | The name was changed from the Department of Agricultural Management of the Agricultural College to the Department of Agricultural Economics of the Agricultural College Graduate School of Agricultural Economics Master’s Degree Course |
1979.02. | Establishment of the Department of Economics in the field of business administration at Anseong Department (Later Department of Economics at the College of Social Sciences), recruiting 60 students Established with the aim of cultivating sound and creative businessmen not only in the industrial community but also in the local community and the state by acquiring and honing expertise in the fields related to economic issues and introducing economic issues and current status |
1980.03. | New Department of Economics at Night College, 50 Recruited |
1981.09. | The name was changed from the Department of Agricultural Economics to the Department of Industrial Economics of Agricultural College. The scope of economics theory is expanding not only in the first industry but also throughout the second and third industries The name was changed to graduate school agricultural economics and industrial economics, and a Ph.D. program in industrial economics was established |
1981.10. | As Anseong Department reorganized into a college system of foreign language colleges, social science colleges, and family colleges, he changed his affiliation from the current economics department to the economics department of the social science university |
1982. | Relocation of the Agricultural College to which the Department of Industrial Economics belongs to the 2nd Campus (Ansung Campus) |
1983.09. | As the agricultural college was expanded and reorganized into an industrial college, it changed its affiliation from the industrial economics department of the agricultural college to the social and industrial economics department of the industrial college |
1989.03. | The Department of Economics at Night College integrates with the Department of Economics at School of Economics (Week) and becomes a single department |
1995.10.13. | The 50th Anniversary Symposium with the Economics Department |
1998.11.13. | Metropolitanization of the Department of Economics of the College of Economics into Social Sciences Change of university name from Industrial Economics Department of Industrial University to Industrial Economics Department of Industrial Science University The wide-area recruitment unit of the Industrial Economics Department of the College of Industrial Science into the Industrial Information Division Metropolitanization of the recruitment unit for the Department of Economics within the College of Social Sciences |
1999.10.14. | Recruitment of the Department of Economics and Political Science as part of the Economic Discipline |
2010. | In order to achieve the mid- to long-term development goals of ‘CAU2018+’, in 2010, the largest-scale restructuring of academic units and administrative organizations in the history of the university was carried out. During the process of reducing 18 colleges to 10 colleges, the College of Business and Economics was reorganized through integration. As a result of the reorganization, the Department of Economics at Jungkyung University was relocated and renamed as the Department of Economics at the College of Business and Economics (Seoul). Additionally, the Department of Economics at the College of Social Sciences and the Department of Industrial Economics at the College of Industrial Sciences were integrated into the Department of Economics at the College of Business and Economics (Anseong) and renamed accordingly. The changes to academic units were implemented starting from the academic year of 2011 for incoming students |
2011.08. | Approved by the Ministry of Education, Science and Technology of the main and branch schools of Chung-Ang University, the Department of Economics (Ansung) of the College of Business Economics (Seoul) was transferred to the Department of Economics of the College of Business Economics (Seoul) and renamed to the Department of Economics of the current College of Business Economics (2018) |