The teaching and research profile of the Institute is determined by two specialised groups, namely the Theoretical Economics Specialised Group and the Regional Economic Development Specialised Group. The main research profile of the Institute is regional economics the subjects of which are widely covered by the competences of the employees at the Institute.
The major strength of the Institute is the synergy resulting in a wide range of research which is in line with the EU’s policies for development. Our research programmes embrace the aspects of efficiency (innovation, competitiveness), equity (regional analyses) and sustainable development (environmental considerations), and offer a correct economic explanation to all these. We deal with regional and urban economics, regional and local economic development, business networks and regional clusters, local development of small and medium-sized enterprises, regional analyses, the competitiveness of territorial units, the possibilities of the regional scientific application of evolutionist economics, the issues of technological change and spatiality, innovation research, business incubation, the economic interpretation of sustainability, the strategic and systemic aspects of business sustainability and environmental management, consumer choice, the economic psychology of consumer choice, and the history of economic theories.
The Regional and Environmental Economic Studies MA degree programme is organised by the Regional Economic Development Specialised Group and is offered as a continuation of business development specialization studies with further subjects on regional science. As a result of the consensus reached within the Faculty of Economics and Business Administration, regional and urban economics has become a core subject at bachelor economics courses. In addition to lectures, practical seminar classes are held for students so that they acquire a more profound knowledge. Physical Planning and Local Economic Development will be offered as elective course units of bachelor courses to provide highly practical knowledge. The above units will also be taught to students of the agricultural economics and rural development bachelor course at the Faculty of Engineering. Teaching these course units to a great number of students will enhance the spread of regional issues and prepare students for the theoretical subjects within the master course.