The Faculty of Economics and Business was established as an independent entity at the Tbilisi State University in 1931 on the basis of the Social-Economic Faculty founded in 1922. Development of the University as well as development of economic education in Georgia is associated with the name of Ivane Javakhishvili.  Until 1944, the Faculty of Economics was the first and the only educational and research center in our country. Currently, nearly all Georgian universities offer courses in economics, where lectures are delivered by the alumni of the Faculty of Economics.