Universitas Indonesia was established as a result of a merger between the Higher Learning Institute of Universitas Indonesia (Balai Perguruan Tinggi Universitas Indonesia) and Universiteit van Indonesie. Initially, economics education was part of the Department of Socio-Economic Studies at the Faculty of Law and Social Science. Shortly after its establishment, the Department of Education and Culture (now Ministry of Education and Culture) decided to establish the Faculty of Economics (FEUI) to meet its own needs. Unlike other faculties, such as the Faculty of Medicine, the Faculty of Engineering, and the Faculty of Law, which originated from several higher learning institutes founded by the Dutch government in the 1920s, plans for establishing FEUI only emerged after the Proclamation of Indonesia’s Independence. FEUI was founded when the Republic of Indonesia was only five years old. Not surprisingly, FEUI’s existence has always been associated with the jubilant and thrilling atmosphere of the newly independent Indonesia. FEUI was founded to address the challenges of the early years of independence and the need for a higher learning institute that could produce economists and company management experts to build the newly independent Indonesia.
The Faculty of Economics, Universitas Indonesia (FEUI), was established on 18 September 1950 when the Department of Socio-Economic Studies at the Faculty of Law became a separate entity under the name Faculty of Economics (FEUI). FEUI is the oldest higher learning institute of economics in Indonesia. The dynamics of the current environment that trigger competition at the national and international level means that FEUI must continue to develop to be able to compete at the international level. On 19 February 2015, FEUI became the Faculty of Economics and Business (FEB) with a vision to become a leading center of economics and business studies in Asia. The change was validated by Universitas Indonesia’s Rector Decision Number 0382/SK/R/UI/2015.
Following is the list of FEB UI’s deans since its establishment: