It was established as a department of the University of Belgrade Faculty of Economics on 1 October 1960 and became an independent higher education institution on 16 December 1975.

For the admission on undergraduate studies can apply students that have successfully finished four-year middle or high school.

[6][7] With this accreditation, the Faculty of Economics received international confirmation of its efforts to improve the quality of studies and provide relevant and recognized knowledge by ACCA, as the most important institution in the field of education of accountants and auditors in the world.

Candidates that have graduated from economics, business or management faculties (colleges) are ranked only according to their success on undergraduate studies.

[10] The library at the Faculty of Economics includes about 50,000 volumes that cover domestic and foreign books, scientific monographs, primary and reference publications, manuals, domestic and foreign periodicals, Master theses, doctoral dissertations, specialist papers and student term papers.

The mission of the centre is to make available to its customers superior knowledge and research results in the fields of theoretical economics, finance, banking, international economics, mathematics, business informatics, statistics, marketing, management, organization, tourism, business finance, accounting and other areas and discipline.

Centre annually publishes printed monograph with the papers written by the professors of the Faculty of Economics.

The papers published in the journal are double-blind reviewed, containing previously unpublished results of scientifically grounded, practically useful, and socially responsible research projects, conducted in key spheres of economics and management.

The journal is also indexed in several scientific databases, including: Scopus (since October 2020), DOAJ (since March 2015), ProQuest - ABI/INFORM (since November 2013), Cabell's Directories (since October 2013), Index Copernicus (since September 2013), EconLit (since March 2013), EBSCO (since January 2013), and Ulrich's Periodicals Directory (since November 2012).

Futsal club "KMF Ekonomac Kragujevac" was founded by Professor Veroljub Dugalic, several teaching assistants and a group of Faculty of Economics students on 7 November 2000.