Established in 1937 as Department of Political Economy, the Department of General Economic Theory has used its current name since 1991.

The department is proud of its rich heritage and important achievements in research and training.

Members of faculty are highly qualified and they consistently offer top educational products, actively conducting research and participating regularly in international academic exchange programmes. They are members of various national and international academic organisations and sit on national and international editorial boards. They contribute to the work of the National Evaluation and Accreditation Agency and the Scientific Research National Fund. They are high-ranking officials in the Bulgarian Science Alliance.