The Institute of Economics was founded in 1960 as a unit within the Urals State University. Today it remains the only faculty of higher education in economic theory in the Urals region and one among five similar faculties in the Russian Federation.
Main directions of research are:
- labor market and industrial relations in transition economies
- economic reforms and environment
- joint ventures and foreign investment in Russia
- marketing of high technology products
- consultancy on investment decisions
- mathematical economics and optimization theory
The website of the Institute in Russian and English contains the basic information on the Institute and its research areas.