The Yangon University of Economics is a State University which is under the Department of Higher Education (Yangon Region, Myanmar), Ministry of Education. The University was established as a professional institute to train economist, statisticians, accountants, and management personnel, and to do research on economic, business and statistical issues related to the Myanmar Economy.
The Yangon University of Economics originated as Department of Economics under the University of Rangoon (Yangon) in 1924. In 1940, the Department of Economics began teaching Commerce as a special subject. Special courses in Statistics were given by the Department since 1953. In 1955, separate Commerce Department was established; and in 1956, a separate Statistics Department was established. Also in 1958, another Department of Economics came into being in Mandalay along with the founding of Mandalay University.
With the introduction of the new system of Education in 1964, all these departments were brought together and reorganized into present Yangon Institute of Economics. In 1988, the Department of Management Studies and Department of Applied Economics were set up. The University now has five major teaching departments, namely, Economics, Applied Economics, Statistics, Commerce, and Management Studies. The other supporting Departments of the Institute are the Myanmar Language, English, Mathematics, and Geography Departments.