The main goal of the enterprise was to prepare qualified specialists for science and management purposes.
At next decade, during the Khrushchev Thaw, the faculty started to pay more attention to applied disciplines and new ways for improving the economic system.
MSU Faculty of Economics became the first major educational body to introduce the new system of academic degrees: bachelor and master.
It helped to become more close to international community but possibly launched a conflict with the traditional Russian educational system.
There are two major undergraduate programs: According to Russian Constitution and Federal law "About education", tuition fees are waived for exceptionally good candidates (usually for 194 students with best results of the USE).