Faculty of Economics in Kragujevac was established in 1960 as a department of the Faculty of Economics, University of Belgrade. On December 16th 1975, after fifteen years of intensive development, the Faculty grew into an independent institution. Since May 21st 1975 the Faculty of Economics has been, along with eleven other faculties, a constituent part of the University of Kragujevac.

The Faculty has facilities with modern equipment, such as three computer rooms for Bachelor studies, a computer room for Master and PhD students, a classroom of the Center for Lifelong Learning, a video-conferencing room, the academic network and the Internet café, as well as the student restaurant.