The Department was established on February 1, 2020 with the union of the Department of Economic Policy and the Center for Labour Economics. Economic policy as a university discipline is summary and integrative, as it reviews all important areas of economic life. At the same time, it conveys practical knowledge that is very useful and timely for those working in business or public administration. The connection between the state and the economy, or more narrowly between the government and business, is changing around the world, and especially profound changes have taken place in Hungary. The full-time and external lecturers of the department are experts in key topics of the state-economy connection. Our strategic goal is to organically link model-based economic culture and institutional economics in our teaching and research work.