At the Faculty of Economics and Administration, research and education focus on management and operational reforms of private-, public- and third sector organisations as a part of changing society.

The Faculty educates skilful people, meeting international standards, who are able to cross the borders between the public and private sectors. This is made possible by a unique blend of economic and administration sciences, the individuality of scientific disciplines, a practical-oriented approach and a high level of education and research. Research is done and education is provided in eight fields of administration and seven fields of economics at four different department.

 The Faculty's research and education concentrate on the following areas:
- understanding and managing regional processes and changes in the environment
- know-how in public administration and economics
- local government functions and leadership, and managing the related changes
- know-how of business operations and their development
- legal expertise in the spheres of economics, administration and taxation
- understanding and directing both economic decision-making and operations of markets and economies.

The Faculty has about 3.500 students and a staff of more than 150. Each year the Faculty accepts 350 new undergraduate students, while 250 master's degrees and about ten doctorates are awarded. Graduates of the Faculty easily find employment .