The department is headed by Candidate of Economic Sciences, Aqil Abid oglu Qurbanov. The faculty team consists of 17 members: 1 Professor, 3 Associate Professors, 5 PhD holders, 7 doctoral students, and 1 Lecturer.

The department trains specialists in 'Public and Municipal Administration' and 'Business Management'. Courses forming these specializations include 'Theory of Public Administration', 'Municipal Management', 'Foreign Experience in Municipal Management', 'Economics of Enterprises (Firms)', 'Environmental Economics', 'Human Resource Management', 'Organization and Management of Industry', 'Production Organization', 'Economics of Non-Oil Industry', 'Forecasting Socio-Economic Development', 'Economics and Management of Oil and Gas Industry', 'Fundamentals of Business', 'Business Strategy', 'International Business', 'Business Ethics and Social Responsibility', 'Business Management', 'Business Activity Analysis', and others.