Head of the Department: Dr. of Econ., Prof. Mahish Ahmadov Alish

Address: Baku, H.Aliyev str. 135 (II academic building)
Telephone: +(994) 12 564-37-06
e-mail: m.ahmedov@unec.edu.az


Scientific Seminar held at UNEC (01.06.2017)
UNEC Professors joined the International Scientific Seminar (27.09.2016)

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About the Department

The Department “Regulation of economy” has started to operate from late 30s under the titles of «People’s economy», «Planning of people’s 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 people’s 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.

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”.


Main subjects taught:

  • «State regulation of national economy”,
  • «Strategic planning and programming»,
  • «Basics of macroeconomic analysis»,
  • «Economic policy of state»,
  • «National economy»,
  • «Forecasting of social-economic development»,
  • «Basics of security of national economy»,
  • «Development models of national economy »,
  • «Regulation of social-economic development of regions».


The  Academic Staff


Doctor of Law. Efendiyev Oktay Firidun – prof.-consultant