CHAPTER (3)

BACKGROUND INFORMATION OF YANGON UNIVERSITY OF ECONOMICS

3.1 Profile of Yangon University of Economics

The Yangon University of Economics (formerly the Institute of Economics, Yangon) is
the premier university of economics and business in Myanmar. Founded as the Department of
Economics of Yangon University in 1924.The institute became an independent university of
higher learning in 1964. The institute offers undergraduate and graduate degrees and
diplomas, mostly in commerce, statistics and economics. It is also primary business school in
the country, offering full-time executive and online MBA degrees. The university has
nurtured more than 77,556 graduates who specialized in Economics, Statistics, Commerce,
Applied Economics and Business Studies. The university has three campuses: Kamayut
campus, Hlaing campus and Ywa Tha Gyi campus. (Yangon University of Economics, 2023)

3.1.1 Vision

To be an internationally recognized and a locally leading university

3.1.2 Mission

 To produce the highly qualified graduates in accordance with the requirements of the
stakeholders
 To broaden the student’s perspective to become continuous life-long learners
contributing innovative solutions to the society
 To enhance the capability of faculty through mutual beneficial networking with
international academic institutions
 To upgrade the research competencies and skills through university-industry
collaboration

3.1.3 Goal
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 To impart superior sustainable value by holistic education. To create energetic
graduates who possess creative and innovative skills to compete ethically and globally.

3.1.4 History of Yangon University of Economics

The Yangon University of Economics is a State University which is under the

Department of Higher Education (Yangon Region, Myanmar), Ministry of Education. The
university was established as a professional institute to train economist, statisticians,
accountants, management personnel and to do research economic, business and statistical
issues to the Myanmar Economy.

The Yangon University of Economics originated as Department of Economics

under the University of Rangoon (Yangon) in 1924. In 1940, the Department of
Economics began teaching Commerce as a special subject. Special courses in Statistics
were given by the Department since 1953. In 1955, separate Commerce Department was
established; and in 1956, a separate Statistics Department was established. Also in 1958,
another Department of Economics came into being in Mandalay along with the founding
of Mandalay University.

With the introduction of the new system of Education in 1964, all these
departments were brought together and reorganized into present Yangon Institute of
Economics. In 1988, the Department of Management Studies and Department of Applied
Economics were set up. The University now has six major teaching departments, namely,
Economics, Applied Economics, Statistics, Commerce, Management Studies and Applied
Statistics. The other supporting Departments of the Institute are the Myanmar Language,
English, Mathematics, and Geography Departments.

The University is organized with the Rector, Pro-Rectors and Heads of

Departments forming the Administrative Board and the Academic Board. There are at
present a total of 322 full-time staffs in the Institute, out of which 131 are engaged in
teaching and research. The rest are administrative and support personnel. The total
student enrollment each year is about 5040, of which 2582 are fresh admissions. (Official
Website of YUEco)

The University has three Campuses: Kamayut Campus, Hlaing Campus, and
Ywa Tha Gyi Campus. The Kamayut Campus, the Original Campus, located on the
shores of Inya Lake at the corner of Inya Road and Pyay Road. The Hlaing Campus is

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 situated about one mile from the Kamayut Campus. The Ywa Tha Gyi Campus, the newly
Campus established in 2000, is located 13 miles away from Kamayut Campus.

The 8 undergraduate courses are being offered in Ywa Tha Gyi Campus and
Master courses and PhD courses are being conducting in Kamayut Campus. In Hlaing
Campus, YUEco has been offering the courses under the Human Resource Development
(HRD) programmed and has established Myanmar-India Entrepreneurship Development
Center since 2009. Also, in Hlaing Campus, it is going to launch Business Skills
Incubation Center in coming June, 2013. In line with the reforms, transformed as Yangon
University of Economics in 2014.

3.2 Organization Structure of Yangon University of Economics

According to the following organization chart, Rector governs the whole

university and there are two Pro-Rectors who govern the respective board. Heads of the
Department are responsible for their related departments. Fig 3.1 shows the organization
structure of Yangon University of Economics.

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Figure (3.1) Organization Structure of Yangon University of Economics

Rector

Dept: of Administration Dept of International

Relations

Pro – Rector Pro – Rector

Admin Finance Engineer

Dept: ofDept: of Adminstration

Dept:(1)
Administration (2) Finance
ofDivision
Security Dept:
Dept: ofDept: Dept:
ofofSalary
Store Audit andof Dept: ofDept:
Engineer
Expenditure(Civil)
Engineer Dept: Dept:
(Store)of(Water)
of Engineer Engineer Dept: of Quality
of International
(Electric) Assurance
Relations
Dept: of Rese

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 Dept: of Education Pro – Rector Pro-Rector
000

Pro- Rector

Academic Affair Computer Library Main Dept: Supporting

Dept:

-Dept: of Economics - Dept: of Myanmar

Dept
Dept ofof
Students Dept
Students
Affair ofDept
Affair Hostel
(Service)
of Sport
Dept of Exam
Dept
Dept (1)
ofComputer
of Exam
Dept of Dept Dept
of
(2)Computer of Dept of Library
Library
Computer
(Ywarthagyi) Dept
(Hlaing)
(Kamagyt) of (Kamayut)
(Ywarthagyi)
Library (Hlaing)
-Dept: of Commerce - Dept: of English
-Dept: of Statistics - Dept: of Mathematics
-Dept: of Management studies- Dept: of Geography
- Dept: of Applied Economics
- Dept: of Applied Statistic

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Departments in Yangon University of Economics

According to the above chat, there are main departments and supportive departments
as mentioned in section 3.4. Main Departments are Departments of Economics, Department
of Commerce, Department of statics, Department of Management, studies, Department of
Applied Economics, and Department of Applied statics. And Department of Myanmar,
Department of English, Department of Mathematics and Department of Geography are
included in supportive departments.

Administrative beard is also organized with Departments of Admin, Finance and

Engineer.

3.3 Degrees offered by Yangon Economics

Currently, YUEco confers ten Bachelor’s degree programs, fifteen Master’s

degree programs, three doctoral degree programs, four post graduate diploma programs,
seven diploma and certificate HRD programs, eight center of Excellence for business
skills development Programs and eleven Myanmar-India Entrepreneurship Development
Centre (Certificate) with more than 8,000 students enrolled each year. In 1964-2010, total
number of graduate including master degrees and Ph.D degrees are about 5,000 persons
according to the official website of Yangon University of Economics.

The university is empowered to award bachelors, masters and doctoral degrees as

well as post-graduate diplomas. Regular undergraduate programs take four years with
eight semesters and Honors undergraduate programs take five years with ten semesters.
The master’s programs take two years. And other postgraduate diplomas are usually one-
year programs. The lists of degree offered and program offered by Yangon University of
Economics are described in appendix.

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Figure (3.2) Education Structure in Our University

PhD (Economics / Commerce / Statistics)

M.Econ M.Devs MPA MPS M Econ MBA M.Act M.Com

(Eco) (Stats)

B.Econ B.Devs BPA BPS B.Econ BBA BAct B.Com

Hons.Q Hons.Q Hons.Q Hons.Q Hons.Q Hons.Q Hons.Q Hons.Q
(Eco) (Stats)

B.Econ BDevs BPA BPS B.Econ BBA B.Act B.Com

(Eco) (Stats)

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3.4 Situation of YUEco students using KBZ Pay

Nowadays, we all would like to learn about new technology and new mechanics. So,
our students definitely accept the new challenges. Mobile wallet is also very excited and
comfortable application for the students. Among these, KBZ pay is more likely used with
effectively. By now we have seen the students as shoppers at the store who check out by
simply passing our phones near the merchant’s screen, confirming our purchase with a tap
and then picking up their goods. And then the advent of hostel living students is that the
sponsors provide the money through KBZ Pay and go touchless and increase in contactless
payment method. Transactions are fast and can be completed in just a few seconds so there’s
less time waiting in line. A security can create a serious hit to the reputation. KBZ pay is also
a digitized version of physical wallet such as health insurance, hotel booking and bus or air
tickets and so on. The best way to keep the KBZ pay safe is to be vigilant with mobile device
and to protect our personal information. Youths are looking out for convenience and easy
payment solutions. Also, we see the advantages of adapting the as the main form of taking
transactions such as loyalty programs, flexibility and convenience.

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