The department was originally established in 1951 under the name Industrial Economics. Throughout its history, the department has operated under several different names reflecting the evolution of economic education and research.
Later, the department was renamed Economics, Organization and Planning of Production. In 1980, the department was divided into two separate departments: the Department of Industrial Economics and Management and the Department of Economic Theory and Economics of Service Sectors.
According to the decision of the Academic Council of Azerbaijan Technical University dated July 15, 2020, the Department of Industrial Economics and Management and the Department of Economic Theory and Economics of Service Sectors were merged to form the Department of Economics. Subsequently, by the decision of the Academic Council dated February 3, 2021, the department was renamed the Department of Economics and Statistics.
In 2025, three new departments were established on the basis of the Department of Economics and Statistics, one of which is the Department of Digital Economy and Financial Technologies. The department offers education at multiple academic levels: three undergraduate programs, one master’s program with three specializations, and two doctoral-level directions for the preparation of both PhD and Doctor of Science researchers. This structure demonstrates the department’s comprehensive and multi-level educational model.
The educational process at the Department of Digital Economy and Financial Technologies is organized in accordance with modern higher education standards and global academic trends. The curricula are continuously updated and improved by taking into account the requirements of the labor market, the ongoing digital transformation of the economy, and recent scientific developments. The department prioritizes not only the delivery of fundamental theoretical knowledge but also the development of analytical thinking, digital competencies, and practical skills. This approach enables graduates to become competitive professionals capable of successfully operating in the modern economic environment.
At the undergraduate level, the department offers degree programs in Finance, Economics, and Statistics. These programs provide students with comprehensive knowledge of financial systems, economic analysis, statistical data processing, and the application of analytical methods in decision-making processes.
At the master’s level, education is provided in Econometrics, Economic-Mathematical Modeling, and International Economics. These programs focus on the analysis of economic processes through mathematical models, the application of statistical and econometric methods, the study of the global economic system, and the development of analytical decision-making skills.
The department also offers doctoral (PhD) programs in Econometrics and Economics of Technological Innovations. Within these programs, fundamental and applied research is conducted on the in-depth analysis of economic processes, the impact of innovation and technology on economic development, and the use of modern analytical and research methodologies.
The academic staff of the department consists of highly qualified professionals with extensive scientific and pedagogical experience. Alongside their teaching activities, they actively engage in research, publish in national and international scientific journals, and participate in various academic projects and programs. Their professionalism and dedication significantly contribute to strengthening students’ theoretical knowledge, developing analytical thinking, and enhancing practical competencies.
The department also places strong emphasis on the development of scientific activities. Various scientific conferences, seminars, round tables, and research projects are organized to encourage the participation of students and young researchers in academic research. These initiatives positively contribute to the development of students’ research skills as well as their academic and professional growth.
Thus, the Department of Digital Economy and Financial Technologies functions as a dynamic and developing academic center dedicated to preparing specialists equipped with analytical thinking, digital competencies, and innovative knowledge capable of responding to the challenges of the modern economy.
