The Faculty of Economics and Management at the Nicolaus Copernicus University in Toruń celebrates its 50th anniversary. During the celebration, the winner of Nobel Prize in economics – Prof. Robert Franklin Engle received the title of honorary doctor.

Robert F. Engle is a professor of finance at Stern University in New York. He was awarded the Nobel Prize in Economics in 2003 for studies on conditional variability modeling, which led to the creation of an innovative regression model for conditional variance – the ARCH model. Professor Engle is one of the most outstanding and best-known scholars in the world dealing with econometric modeling of financial time series.

As part of the jubilee, the university also held debates devoted to the problems of the Polish and world economy, scientific conferences and meetings of the Committee on Finance of the Polish Academy of Sciences and the Polish Association of Finance and Banking.