of István Hoóz, Professor and Head of the Faculty. In the first "experimental" years, the institution gained experience in the training of economists suitable for corporate jobs, including the development of national and international academic contacts. This was the starting point for what later became known as the "Pécs model". Pécs is the second oldest and the first non-Budapest faculty of economics in Hungary, and in the latter capacity it served to some extent as a model for the later establishment of rural faculties of economics and management. Since the second half of the 1970s, the Faculty has been moving with great momentum towards meeting the needs of the corporate and business sectors. The faculty celebrated the 50th anniversary of the start of economics education in Pécs in 2020. The 1980s saw a significant improvement in the material conditions for education and scientific research. Correspondence courses were introduced, more and more foreign students were studying at the faculty, and the period also saw the start of postgraduate programmes. The development of the faculty's relations with other countries was also given considerable emphasis. A number of its faculty benefited from grants, training and research opportunities abroad funded by the Soros programme among others, and it became somewhat easier for students to gain work experience abroad. The 90s saw the introduction of the two-tier degree programme and the launch of the MBA programme. During this period, two international partnerships were established which are still a major force in the life of the Faculty (Ohio University and Middlesex University) and, more generally, a number of international cooperation initiatives (contacts, conferences, etc.) were undertaken. It was during this period that the Faculty obtained its first accreditation, which took place in 1995/96, with an "excellent" rating. The decade also saw the launch of the first part-time Masters programme, the development and implementation of an English-language programme (BA then MSc), which started in 1996 as a result of a collaboration between Middlesex University Business School and PTE. The wide range of courses was completed by the launch of a doctoral programme and the development of a habilitation scheme. Other new educational programmes include the launch of the English-language Master's and Doctoral programmes, the German-language distance learning programme at the University of Hagen, the sandwich course in economics, the specialized translator training, the final accreditation of the two Doctoral Schools, and the introduction of a college course