Academy of Economic Studies
Encyclopedia
Romanian language
Romanian Romanian Romanian (or Daco-Romanian; obsolete spellings Rumanian, Roumanian; self-designation: română, limba română ("the Romanian language") or românește (lit. "in Romanian") is a Romance language spoken by around 24 to 28 million people, primarily in Romania and Moldova...
) is the oldest university
University
A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
of economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and business studies
Business studies
Business studies is an academic subject taught at higher level in Australia, Canada, Hong Kong, India, Ireland, New Zealand, Pakistan, South Africa, Sri Lanka, Zimbabwe and the United Kingdom, as well as at university level in many countries...
in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
. It was founded in April 6, 1913 in Bucharest
Bucharest
Bucharest is the capital municipality, cultural, industrial, and financial centre of Romania. It is the largest city in Romania, located in the southeast of the country, at , and lies on the banks of the Dâmbovița River....
, by the royal decree of Carol I of Romania
Carol I of Romania
Carol I , born Prince Karl of Hohenzollern-Sigmaringen was reigning prince and then King of Romania from 1866 to 1914. He was elected prince of Romania on 20 April 1866 following the overthrow of Alexandru Ioan Cuza by a palace coup...
, under the name Academy of High Commercial and Industrial Studies. Since 1967 it is known as the Academy of Economic Studies and has become one of the largest higher education institutes in both Romania and South-Eastern Europe.
Institution
The Academy has 47093 students, of which 35173 study at undergraduate level, 7792 are on graduate level studies and 2235 are enrolled in doctoral programmes. It is one of the most popular universities in Romania, with a number of around 34,000 new applications each year (9% admission rate for State paid seats and 11% admission for fee-paid seats). Alongside the faculties in Bucharest, a number of Territorial Centers (Centre teritoriale) function in other cities: AlexandriaAlexandria, Romania
Alexandria is the capital city of the Teleorman County, Romania. It is located south-west of Bucharest, towards the Bulgarian border. The city is situated on the Vedea River. The city has 58,651 inhabitants.-Alexandria in 1900:...
, Brăila
Braila
Brăila is a city in Muntenia, eastern Romania, a port on the Danube and the capital of Brăila County, in the close vicinity of Galaţi.According to the 2002 Romanian census there were 216,292 people living within the city of Brăila, making it the 10th most populous city in Romania.-History:A...
, Buzău
Buzau
The city of Buzău is the county seat of Buzău County, Romania, in the historical region of Wallachia. It lies near the right bank of the Buzău River, between the south-eastern curvature of the Carpathian Mountains and the lowlands of Bărăgan Plain.The city's name dates back to 376 AD when the name...
, Covasna
Covasna
Covasna is a town in Covasna county, Transylvania, Romania, at an altitude of 550–600 m.Known as the "town of 1,000 mineral springs," Covasna is famous for its mineral waters. Each spring has a different mixture of minerals, chiefly carbon dioxide, sulfur, and ammonia...
, Câmpia Turzii
Câmpia Turzii
Câmpia Turzii is a city in Cluj County, Romania, which was formed in 1925 by the union of two villages, Ghiriş and Sâncrai...
, Curtea de Argeş
Curtea de Arges
Curtea de Argeș is a city in Romania on the right bank of the Argeş River, where it flows through a valley of the lower Carpathians , on the railway from Pitești to the Turnu Roşu Pass. It is part of Argeș County. The city administers one village, Noapteș...
, Deva
Deva, Romania
Deva is a city in Romania, in the historical region of Transylvania, on the left bank of the Mureș River. It is the capital of Hunedoara County.-Name:...
, Ialomiţa, Mediaş
Medias
Mediaș is the second largest city in Sibiu County, Transylvania, Romania.-Geographic location:Mediaș is located in the middle basin of Târnava Mare River, at 39 km from Sighișoara and 41 km from Blaj. The health resort Bazna, officially recognized for the first time in 1302, is...
, Piatra Neamţ
Piatra Neamt
Piatra Neamț , , ; is the capital city of Neamţ County, in the historical region of Moldavia, eastern Romania. Because of its privileged location in the Eastern Carpathian mountains, it is considered one of the most picturesque cities in Romania...
, Slatina
Slatina, Romania
Slatina is the capital city of Olt county, Romania, on the river Olt.The city administers one village, Cireaşov.-History:The town of Slatina was first mentioned on January 20, 1368 in an official document issued by Vladislav I Vlaicu, Prince of Wallachia. The document stated that merchants from...
, Târgovişte
Târgoviste
Târgoviște is a city in the Dâmbovița county of Romania. It is situated on the right bank of the Ialomiţa River. , it had an estimated population of 89,000. One village, Priseaca, is administered by the city.-Name:...
, Tulcea
Tulcea
Tulcea is a city in Dobrogea, Romania. It is the administrative center of Tulcea county, and has a population of 92,379 as of 2007. One village, Tudor Vladimirescu, is administered by the city.- History :...
and Vaslui
Vaslui
Vaslui , a city in eastern Romania, is the seat of Vaslui County, in the historical region of Moldavia.The city administers five villages: Bahnari, Brodoc, Moara Grecilor, Rediu and Viişoara.-History:...
.
The Academy has positioned itself as a research institution, hosting 13 centers of research acknowledged and endorsed by the National Council of Scientific Research in Higher Education. A notable presence inside ASE is the Business Information Technology department (Informatică Economică) which is an entity that promotes an educational philosophy based on combining economics and software development as a way of creating experts suitable for the Information Age
Information Age
The Information Age, also commonly known as the Computer Age or Digital Age, is an idea that the current age will be characterized by the ability of individuals to transfer information freely, and to have instant access to knowledge that would have been difficult or impossible to find previously...
.
Format and length of studies
In the 70's and 80's Masters degrees in Economics were awarded to full-time students after 4 years of study, except for the Faculty of 'Cibernetics and Informatics', which required one additional year. After 1990, Undergraduate studies at the Academy of Economic Studies end with a Bachelor's degreeBachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
in Economics, students acquiring a specialization according to the department where they are enrolled. Up to 2005, undergraduate studies at the Academy of Economic Studies consisted of a four-year cycle. Master studies would continue for one more year, and doctoral programmed would normally be three years long. Since 2005 however, the Academy has adopted the Bologna declaration
Bologna declaration
The Bologna declaration is the main guiding document of the Bologna process...
and undergraduate studies are now three-year long, followed by 2-year Master programmes. In this format, undergraduate studies finalize with a total of 180 credits, graduate programmes require a completion of 120 credits. The PhD programmes remain with a length of minimum three years.
Faculties
There are eleven faculties:- AMP - Administratie si Management Public (AdministrationAdministrationThe administration of a business consists of the performance or management of business operations and thus the making or implementing of a major decision...
and Public ManagementManagementManagement in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
) - CIG - Facultatea de Contabilitate si Informatica de Gestiune (Accounting and Management Information Systems)
- COM - Comert (CommerceCommerceWhile business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
) - CSIE - Cibernetică, Statistică şi Informatică Economică (Economic Cybernetics, StatisticsStatisticsStatistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....
and InformaticsInformatics (academic field)Informatics is the science of information, the practice of information processing, and the engineering of information systems. Informatics studies the structure, algorithms, behavior, and interactions of natural and artificial systems that store, process, access and communicate information...
) - EAM - Economia Agroalimentară şi a Mediului (Economics and Technology of Agriculture and Food Production)
- ECO - Economie (EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
) - FABBV - Finanţe, Asigurări, Bănci şi Burse de Valori (FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, InsuranceInsuranceIn law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, BankBankA bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
ing and Stock ExchangesStock exchangeA stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
) - COM - Comert (CommerceCommerceWhile business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
) - FABIZ - Administrarea Afacerilor cu predare în limbi străine (Business Administration in Foreign Languages)
- MAN - ManagementManagementManagement in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
- MRK - MarketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
- REI - Relaţii Economice Internaţionale (International BusinessInternational BusinessInternational business is a term used to collectively describe all commercial transactions that take place between two or more regions, countries and nations beyond their political boundary...
and EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
)