Alexandre Lamfalussy Faculty of Economics


We would like to inform our visitors, that in the frame of an eponymous celebration on the 13th October 2016 our faculty became the name of Professor Dr. H.C. Alexandre Lamfalussy the world-renowned economist. As a financial expert he was the founder of the European Central Bank. He is also called as one of the fathers of the euro.
During the ceremony we inaugurated the new faculty’s flag and the plaque. Also the Lámfalussy-medallion was handed over. The Faculty will hand over this insignia every year upon the decision of the Faculty’s Council.
With a tree planting in the Botanical Garden of our university, together with the family Lamfalussy we feel that we eternalized this outstanding day.



Lectori salutem

Dear visitors, on behalf of the Faculty Council and my colleagues, I’m greeting our students, future students and their parents on the website of University of West Hungary. On this platform, I aim to introduce the mission of the faculty, our goals and plans for the future and to provide basic information about the education system and student’s life. In the following, I am intent on giving an insight into the way of academic and scientific thinking, which characterizes our faculty, as well as highlighting some details of importance and interest to the visitor.

Our main goal is to provide our future absolvents with fundamental theoretical knowledge, foreign language skills, and practical creativity. Students with the aim of deepening their basic knowledge on a higher level are able to continue their studies in one of our master programs. Furthermore, the best students are offered the opportunity to acquire a scientific diploma in our PhD program. From our point of view, these are the human aspects of forming the future.
Our scientific and educational mission is strongly related to the current changes in the Hungarian and world economy. Several kinds of jobs are disappearing, others are emerging from nowhere. These tendencies are restructuring our lives. In the developed world, a third industrial revolution is evolving, which can be observed especially in the automotive industry in Hungary. Audi, Mercedes and Suzuki provide technology and corporate thinking that enhance working conditions and enable thousands of employees to work in the most modern environment in Hungary. The changes in theoretical and practical thinking can also be observed in economical sciences. We are witnessing, how all these processes influence the scientific thinking in economics, how informatics and modern system theory provide new possibilities in economical-sociological computing models, which help in the management and analysis of the tremendous amount of data. However, economics is not only reflected in mathematical models, calculations and statistics. The main task for every future economist involved in decision making is not only applying measurable and non-measurable models or focusing on objective principles, but also taking the living, breathing society into account. This approach has already become the guiding principle of many one-man businesses, small and medium sized enterprises and public institutions in the fields of medical and resource management and lobbying. Moreover, it is becoming accepted in various fields of engineering, informatics and medicine.
The job chances of an economist are multiple and becoming more diverse in the future. It is not a coincidence many students choose it as their future profession that every year in spite of the tuition fees for most of them. In September 2014 34% more students have enrolled at our faculty than in the last academic year. Accordingly, our main goal is not only to provide our students with a high quality diploma but also to guarantee a unique and broad knowledge for a lifelong career.

What we offer
Based on our intentions to maintain high quality and professionalism in our teaching and research methods, we offer our students a widely recognised diploma and a broad range of individual opportunites to evolve. In our nationally recognised College for Advanced Studies students are also able to expand their skills in self-organising communities supported by dedicated teachers.
The Economist Club and the Free University of Regional Development, both founded and organised by the faculty, invite the best professionals of specific fields to the faculty. Our practice-orientated teaching system is made possible by the collaboration of several companies. Our students and their professors have won a number of awards in the National Scientific Students’ Associations Conference in the last years. Finally, there is also a strong emphasis on the unique atmosphere, the human-centred approach and the value of interpersonal relationships.
We believe that the main keys to success are excellent professional skills and knowledge of foreign languages. Accordingly, we offer our students the opportunity to study foreign languages in four chosen semesters.
Our faculty has a wide spectrum of international relations. Uniquely, the "Amber Road" - network of Central European Faculties of Economics was organised by our faculty in May 2014 and includes 13 institutions from 9 countries. Hence, our students will be able to study at different universities abroad and get to know the culture and language of different European countries. By the cooperation agreement we have established an internationally recognised common diploma program which allows our students to study at different partner universities even more semesters.
The timetables are created to be student-friendly, allowing as much consecutive free time as possible. We appreciate the issues around financing higher education for young adults which affects most families. Accordingly, we offer three different types of undergraduate fellowship opportunity in order to grant free education for the disadvantaged students and for students showing excellent results. (Bachelor fellowship: from the first semester. Manager fellowship: direct company support. Excellence fellowship: for the best).
The university is also a community for creative and knowledgeable people. Considering this, we offer our students a partnership respecting and esteeming each other's values; a human and professional cooperation for the best success in teaching and studying.
The Student Service Centre has been established by the Faculty and the Student Union of the Faculty with the aim of supporting and enriching our students' studies and everyday life as well as allowing them even more time for studying, sports, entertainment and community programs.
On behalf of my colleagues and myself, I wish our students and visitors strength and good health.

Good Luck!

Dr. Attila Fábian
Dean