The School of Economics of Shandong University was established on the basis of the former Department of Economics of Shandong University 1988. The college consists of five departments: Economics Department, Finance Department, Finance Department, International Economics and Trade Department, Risk Management and Insurance Department, and research institutions such as Industrial Economics Research Institute and Taiyue Economic Research Center. It has the right to award doctoral degrees in the first-class disciplines of applied economics and theoretical economics and the post-doctoral mobile station of applied economics. At present, there are 10 doctoral programs, 17 master programs (including 3 professional master programs) and 4 undergraduate programs, in which industrial economics is a national key discipline and financial engineering and financial undergraduate programs are national characteristic projects. Together with the School of Mathematics of Shandong University, the school-level talent training base "Financial Mathematics and Financial Engineering Talent Training Base" (Peng Shige class) was established. In 20 12, the college selected and set up an "experimental class for training outstanding talents in international economy and finance", which set two major directions of economy and finance and taught in English, opening up a new way for training international economic and financial talents.