The Department of Economics has taught economics for the first time as a Korean university. Since 1915, it has produced a lot of talent and has become one of the best economics education institutions in Korea. Economics is the study of the most essential problems of human being. It is the 19th century economist A. Marshall's definition of economics. This definition is still valid today in the 21st century. In social sciences, we are all dealing with human life, but the reason why Marshall is right is because economics deals with the most fundamental problem of our lives, which we eat and live.

Economics is the study of how individuals and societies make decisions; most human and social phenomena cannot be properly understood without economic perspectives. Majoring in Economics seeks to nurture students to be equipped with economic problem solving skills that are vital to understanding and responding to modern society. Students majoring in Economics will learn conceptual models and analytical tools necessary to comprehend their everyday lives with regards to international issues. They are expected to hone their critical thinking and communication skills to become leading experts of their desired fields.