Azerbaijan State Economic University (ASEU) (Azerbaijani: Azərbaycan Dövlət İqtisad Universiteti (ADIU)) is a public university located in Baku, Azerbaijan. Azerbaijan State Economic University (ASEU) that founded in 1930 is one of the biggest educational institutions of the South Caucasus countries. At ASEU there are functioning 14 faculties, 16 thousand students get education and there are magistrates upon 57 specialties, more than 1000 teachers work there, including 62 professors and 344 docents, among which there are real members of National Academy of Sciences, New-York Academy of Sciences, winners of state rewards, deserved teachers and scientists. ASEU is a full member of the European Association of Universities, Association of Islam Countries Universities, University Council of Black Sea Economic Cooperation Organization and Eurasian Association of Universities. There are 650 students and magistrates from 10 countries of the world getting education at ASEU. In 2007 the informative-library center and the student carrier center has started functioning at ASEU and also a new 7 floor educational building that meets the highest world standards was opened.