The Angelo State University College of Business is a college at Angelo State University in San Angelo, Texas. Three departments are housed within the college: the Department of Accounting, Economics and Finance, the Department Aerospace Studies, and the Department of Management and Marketing. The Angelo State University College of Business is in the process obtaining AACSB accreditation, an elite accrediting agency. Less than 15% of business schools achieve AACSB accreditation. The Aerospace Studies Department is home to the Air Force Reserve Officer Training Corps (ROTC) Detachment 847. Established in 1971 the detachment has graduated over 500 2nd Lieutenants. The detachment at ASU has been recognized as one of the best in the nation. The Center for Economic Education at Angelo State University was founded in 1975. Its primary purpose is to help raise economic literacy in public school teachers in Texas. It is affiliated with the Texas Council on Economic Education and the National Council on Economic Education. It offers workshops, seminars, and conferences to assist teachers in teaching economic principles in Texas public schools.