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The idea of setting up economics studies in Toruń was brought into life in November of 1945 when the Department of Law and Economics was established. The Department started to educate in the field of law, however, due to the lack of proper specialists education in economics had to be suspended. Consequently, at the beginning of the academic year 1948/49 the Department of Law and Economics was transformed into the Department of Law, and the Chair of Political Economics was preserved in its structure.

The higher education in the field of economics was practically commenced at the Toruń University in 1968. With the Act of 13th of June 1968 the Minister of Education founded the Institute of Economics at the Nicolaus Copernicus University, and it was given the rights of a higher school department. The organizer and the first director of the Department was prof. Jerzy Liczkowski who moved from the Poznań Academy of Economics to UMK. The beginning of the academic year 1968/69 was welcomed by 22 scientific and teaching staff ready to start their work with the first 66 students.

In 1976 the Minister of Education transformed the Institute into the Department of Economic Sciences and within the new department two institutes were set up - the Institute for General Economic Problems and the Institute for National Economy Management. In 1983 the organizational structure of the Department of Economic Sciences was changed from the 'institute' into the 'departments and chairs' structure. In January of 1993 the UMK Senate changed the name of the Department into the Faculty of Economic Sciences and Management adopting it to the new directions both in teaching programmes and scientific research.

At the initial phase education within full-time studies in the field of production economics and organization was concentrated on the two specialisations: industrial economics and organization, agricultural economics and organization. In 1976 studies in the third specialisation were commenced: construction industry economics and organization and in 1979 in the fourth one: agricultural economics.

In 1977 another field of studies at the Faculty was established - the field of economics and social studies with two specialisations: work organization economics and social policy. This structure was maintained till the end of the eighties.

Due to the social and economic changes that started to take place in Poland 1989 some actions were taken (as early as in 1988) which were aimed at implementing comprehensive reforms of the economics studies at UMK. The reformed system of studies was introduced at the beginning of the academic year 1990/91. The former field of studies was replaced by management and marketing. In 1995 another field was set up - economics. In 1994 the Faculty began to run doctoral studies.

The current teaching and research activities of the Faculty are mainly focused on the problems of the economic transition of the Polish economy. The research done in this field is recognised not only in Poland but also abroad.

The Faculty of Economics and Management collaborates with numerous higher educational institutions in Poland and abroad. Presently, following the agreements made the Faculty collaborates with the Universities from Hull and Nottingham - Trent (England), Angers (France), Bamberg, Munich, Oldenburg and Rostock (Germany), University of Technology in Athens, Technical University of Brno (The Czech Republic) and High School of Technology in the Hague (Holland).

The Faculty of Economics and Management employs 115 teaching and scientific staff including 28 independent scientists having the post-doctorial degree (habilitation) and professorial titles. Besides, there are employed 16 administration people, 6 librarians and 22 technical and support staff.

The rapid growth in the number of the scientific staff and the increase of the scientific research level are owed to the granting to the Faculty in 1986 the right to confer doctorial degrees in economics, in1993 to post-doctoral degrees in economics and in 1998 to doctoral degrees in the field of management.

Apart from educating students under full-time and part-time studies systems, the Faculty has developed the education of employees working for the national economy. This type of education was given the form of post-diploma studies.

Nicolas Copernicus University in collaboration with Dominican University offers two-year Executive Master of Business Administration studies. The courses within the MBA studies are run by UMK and Dominican University lecturers in English and Polish. The Faculty of Economic Sciences and Management is considered to possess the best facilities out of all the schools of economics all over Poland. Its modern and well-equipped building occupies the space of over ten thousand square meters. Together with the increase of the number of students and introduction of new specialisations it was decided to extend the building. In 1998 the construction of a new building was commenced. The new part - opened in October of 2000 - holds a lecturing hall for 300 people, two for 120 people each, six seminar rooms two of which have been turned into language laboratories. The old part holds, among others, seven lecturing halls the largest of which has 400 seats, four computer labs, a managerial staff training lab, a library and a reading room. The collection of a well-equipped and well-organised library consists of 49 thousand volumes including the most important periodicals on economic sciences and management.

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