In order to ensure the implementation of the Decision No. 183 of the Scientific Council of UNEC on May 31, 2022, from 02.09.2022, the departments of “International Economy”, “Theoretical and Practical Economy”, “Economic Regulation” and “Economic Theory” were cancelled and the “Economy” department was established on their basis.
The Department of Economic theory (Political economy) has been operating since the establishment of the Azerbaijan State University of Economics (Azerbaijan Institute of People’s Economy named after D.Bunyadzada). The current department of “Economic theory” operates as an independent department since 1975. Taking into account the importance of the subject and the problems related to the preparation of economics specialists, the chair of “Political Economy” was divided into two independent departments. At that time, a Vice-Rector for Scientific Affairs, Corresponding Member of Azerbaijan AS, Prof. A.Alasgarov was appointed Head of the department.
In the years 1976-1987 Prof. M.Musayev headed the chair. It was led by Prof. A.Akhundov within 1987-1990, in 1990-1996 by Prof. M.Ahmadov. The chair has been called the Department of “Economic theory” since 1993. From 1996 to the present the department is headed by prof. Alijan Pirican oghlu Babayev.
At different times, first Doctor of Economy in Azerbaijan, Corresponding member of Azerbaijan AS, prof. Bakhman Akhundov, famous economist Prof. Hasan Dadashov, former rector of AINE (1955-1959) Assoc. Prof. Shamil Aliyev, famous economist Prof. Alasgar Gasimov, a well-known Professor of scientific editions and advanced ideas Arastun Akhundov, who had played important role in the development of economy in the republic, prof. Yusif Mammadov, Prof. Kara Sadigov, corresponding member of Azerbaijan AS, Prof. Teymur Valiyev, correspondent member of Azerbaijan AS Prof. Agasalim Alasgarov, Prof. Mammadhasan Sultanov and other distinguished scholars had performed scientific and pedagogical activity at the department.
Teaching staff of the department has been preparing manuals and programs. These are. “Economic Theory”, “Improved Program of Economic Theory”, “Theoretical Foundations of Transition Economies”, “Microeconomics”, “Macroeconomics”, “Economic Methodology of Economics”, “History and Methodology of Economic Science” , “Azerbaijan economy”, “Azerbaijan and Eastern economic thought history” courses of 45 pp. In addition, the English-Azerbaijani dictionary of basic economic concepts by P.Samuelson and V.Nordhause’s “Economy” textbook were prepared and published.
At present, 7 disciplines of bachelor’s and master’s education are taught at the department: “Introduction to the economy”, “Microeconomics”, “Macroeconomics”, “Institutional economy”, “Micro-macroeconomics 3 levels”, “The essence and institutional structure of economic activity”, “Economic development models of the world”.
Currently, the academic staff of the department is 14 people. 2 of them are professors, 9 associate professors, 3 lecturers. Out of 14 members of the teaching staff of the department, 2 are doctors of economics and 9 are PhD in Economics. The technical staff consists of 2 senior laboratory assistants.
Dr. of Econ., Prof. Babayev Alijan Pirijan (Head of the department) (0.5)
Dr. of Econ., Prof. Bayramov Avaz Islam oglu (0.5)
Cand. of Econ., Assoc. Prof. Mammadov Isa Ismayil (0.75)
Cand. of Econ., Assoc. Prof. Aliyeva Dilshad Ziyad (0.75)
Cand. of Econ., Assos. Prof. Seyidov Ziyad Miraziz (0.75)
Cand. of Econ., Assoc. Prof. Khankishiyev Khankishi Samad
Cand. of Econ., Assoc. Prof. Yusifov Ogtay Yusif (0.75)
Cand. of Econ., Assoc. Prof. Mammadov Aydin Bayram(0.75)
PhD in Econ., Assoc. Prof. Khankishiyeva Jamala Khankishi (0,75)
PhD in Econ., Assoc. Prof. Sardarova Sevda Yusif (0.5)
lector. Valiyeva Tamilla Gulam
Senior lector. Abbasova Sevda Ismayil (0.75)
teacher Guliyeva Aysel Alijan (0.75)