About Us

About Us

The International School of Economics at Tbilisi State University (ISET) was created in response to a letter in 2005 from Georgian Prime Minister Zurab Zhvania - just three weeks before his tragic death - to the World Bank President James Wolfensohn, in which he appealed for help in "creating our own capability to train young economists in modern economics as it is taught all over the world and to conduct economics research here in Georgia."

Initial input from the World Bank and ongoing support from the Government of Georgia, the Government of Germany, and Tbilisi State University, in cooperation with an international group of donors including BP, the Norwegian Ministry of Foreign Affairs, the Open Society Institute Higher Education Support Program, and the Swedish International Development Agency (Sida), have made Zhvania's dream a reality. ISET opened its doors to students in 2006 to offer the first world class Master's Program in Economics in the South Caucasus.

Basic Facts

  • International quality BA and MA Programs in Economics;
  • Full English-language curricula;
  • Regional mandate (South Caucasus);
  • Non-Degree programs for professionals;
  • 316 graduates (36% currently in such PhD programs as: Stanford, Chicago, New York University and Pennsylvania, among others);
  • 54 students in class of 2019; 45 students in class of 2020;
  • 8 assistant professors (all with PhD from prestigious programs in Europe and North America);
  • More than two dozen senior visiting faculty from Israel, Western Europe and the US;

  • Internship programs with the Chief Economist Office of the European Bank for Reconstruction and Development (EBRD), London; IMF and World Bank country offices in Baku, Tbilisi and Yerevan, and WB DC headquarters, Central Banks, Ministries and leading energy companies of the region;
  • An affiliated think-tank - ISET Policy Institute - to engage students, graduates and faculty in policy research, training and outreach for the benefit of the broader academic, public and private sector communities in the South Caucasus;
  • ISET Library hosts one of the best economics collections in the South Caucasus, supplemented by journal collection, classical journals and monographs, donated by the family of the late Princeton Professor Robert Kuenne. The library also serves as the WB and IMF repository and public information center in Georgia.

Our Facilities

ISET's seven-floor building is located on Zandukeli Street, in the charming Vera neighborhood in the center of Tbilisi. The building is open to ISETers every day of the week, round-the-clock. At any hour of the day or night, students can be found working in the state-of-the art computer labs, classrooms, and library to prepare for exams, complete problem sets, or do their own research.
State-of-the-art classrooms provide PowerPoint and Internet capabilities for lectures, and smaller  rooms are available for seminars and recitation sessions.
ISET's library holds one of the best modern economics collection in the South Caucasus region. It provides electronic access to thousands of economics, business and social science journals, data, monographs and modern economics reference materials.
Two computer labs provide workstations with standard software packages as well as specialized programs for statistics and Internet access.
Individual faculty offices provide ISET professors with a place to do their research, prepare for classes, and meet with individual students. Office space is also available for teaching assistants.
The ISET Conference Hall provides outstanding A/V, simultaneous translation and videoconferencing capability for public lectures, conferences, and workshops.
ISET Policy Institute is located on third floor of the building. It houses the ISET-PI secretariat and provides individual office space for its research fellows and staff.
The Guest House on the seventh floor of the building provides four luxurious suites for visiting faculty and guests. A cozy faculty lounge serves as a common dining room and entertainment center.
Student Lounge is a space dedicated for fun activities, including ping-pong, chess, TV & cinema, etc.
The gym facility is available for all ISETers and even guests to make sure that their bodies are as fit as their beautiful minds.
The ISET Cafeteria serves ISET students, staff and faculty, and provides catering services for hosted events.

Our Library

The ISET library holds the best modern economics collection in the South Caucasus region.

The library provides electronic access to thousands of economics, business and social science journals, as well as hard copies of modern economics reference materials.

Through collaboration with the International Monetary Fund and the World Bank, ISET serves as a repository for reports and publications of these organizations. The library is also home to the donated collection of late Princeton University economics professor Robert E. Kuenne, and the social science collection of the Caucasus Research and Resource Centers.

The library is open to the public 10:00-21:00, including Saturday and Sunday. It provides a quiet reading room, multiple workstations and free Wi-Fi access to the internet.  

kohalogoKoha is Electronic Catalog providing online access (from within ISET’s computer network) to bibliographic information on thousands of books, journals and other publications included in the ISET library Readers can search the catalog using keywords, reserve library materials that are currently on loan, and review their library status. 

Electronic journal subscriptions:

EconLit no password required, but access is available only from the ISET building.
The American Economic Association's authoritative index and 500+ full text journals, many of which are unavailable from other full text databases. Dozens of full text books, including The Handbook of World Trade.
jstor logo JSTOR Arts and Science collections I and II - no password required, but access is available only from the ISET building.
Includes the complete back runs of more than 200 titles, including the core research and society-published journals in economics, history, political science, and sociology, as well as in other key fields in the humanities and social sciences.
logoEhost EBSCO - no password required, but access is available only from the ISET building.
Access EBSCO is available from home with login and password (without EconLit with Full Text  databases) (information is available upon request from the ISET librarian).
sciencedirect ScienceDirect - no password required, but access is available only from the ISET building.
This is one of the largest online collecti­ons of published scientific research in the world.
ScienceDirect hosts over 3,800 journals and more than 35,000 books—over 14 million peer-reviewed publications (and growing) from Elsevier, our imprints and our society partners.
oecd Contains all the publications and datasets released by OECD (Organization for Economic Cooperation and Development), International Energy Agency (IEA), Nuclear Energy Agency (NEA), OECD Development Centre, PISA (Programme for International Student Assessment), and International Transport Forum (ITF) since 1998 - currently (October 2010) 1 000 journal issues, 2 900 working papers, 2 500 multi-lingual summaries, 6 200 e-book titles, 14 000 tables and graphs, 21 000 chapters and articles, and 390 complete databases with more than 4 billion data points. Login and Password information is available upon request from the ISET librarian.
econpapers logo EconPapers - no password required. EconPapers provides access to RePEc, the world's largest collection of on-line Economics working papers, journal articles and software.
imf eLib IMF eLibrary  - no password required, but access is available only from the ISET building. The data interface, which allows unified access to all statistical databases, is located at http://elibrary-data.imf.org
The text materials are located at http://www.elibrary.imf.org/
Scopus Logo Main Scopus - no password required, but access is available only from the ISET building. Scopus is owned by Elsevier and Searches in Scopus also incorporate searches of patent databases is a bibliographic database containing abstracts and citations for academic journal articles. It covers nearly 21,000 titles from over 5,000 publishers, of which 20,000 are peer-reviewed journals in the scientific, technical, medical, and social sciences (including arts and humanities). ScienceDirect - is one of the largest online collections of published scientific research in the world. It is operated by the publisher Elsevier. Offers access to more than 60 journal titles in Economics, Econometrics and Finance. Elsevier journals are not included in any other collection.
cambridge journals Cambridge University Press - no password required, but access is available only from the ISET building. currently publishes over 300 peer-reviewed academic journals for the global market. Containing the latest research from a broad sweep of subject areas, Cambridge journals are accessible worldwide in print and online.
ox dictionary Oxford English Dictionary (OED) - It is an unsurpassed guide to the meaning, history, and pronunciation of 600,000 words— past and present—from across the English-speaking world. As a historical dictionary, the OED is very different from those of current English, in which the focus is on present-day meanings. You’ll still find these in the OED, but you’ll also find the history of individual words, and of the language—traced through 3 million quotations, from classic literature and specialist periodicals to film scripts and cookery books.


16, Zandukeli St,
0108 Tbilisi,

Telephone: (+995 32) 250 71 77
Email: info@iset.ge