The Corvinus University of Budapest is a university located in Budapest, Hungary. The university offers degrees in multiple disciplines, but it is characterised by its programmes in economics and management. The immediate forerunner of this university, the Faculty of Economics of the Royal Hungarian University, was established in 1920. The faculty was an independent organization, but it was granted the same status as faculties of other universities. In 1934, the faculty was merged with other institutions including the University of Technology to form the Hungarian Royal Palatine Joseph University of Technology and Economics. In 1948, the University of Economics became an independent organization. Since then, the institution has undergone multiple name changes. In 1953 it was renamed Karl Marx University of Economic Sciences. In 1990, following the regime change, the name of Marx was dropped and the university was called Budapest University of Economic Sciences. In 2000, with the integration of the College of Public Administration, the institution was named Budapest University of Economic Sciences and Public Administration (BUESPA).