The Graduate School of Economics was founded in 1950. Since 2002, the school has offered the Master's Program in Economic Development (MPED). In addition to setting the global standard for economics education, MPED has a rich history of practical experience in development economics, economic policy, industrial policy, and trade policy. All lectures and seminars are conducted entirely in English by international faculty members with a wealth of overseas experience. MPED accepts students with strong interest in economic development and economic policy from developing and developed countries, and foster researchers who have acquired specialized knowledge along with a strong sense of reality and highly specialized professionals who can lead the international community.