In 1991 the name of discipline "Political economy" according to the decision of the Ministry of Education changes on "Bases of the economic theory". By the order of the rector of September 4, 1991 department of political economy, along with departments of scientific communism and history of the CPSU have been liquidated and the department of history, political science and bases of the economic theory is created. In such structure the department has existed to 7/5/1993 when the department of economy where the discipline of "A basis of the economic theory" was taught has been created.
The Doctor of Economics, professor Zheliba Boris Nikolaevich has headed department in 1993. 2 professors, 4 associate professors, 1 senior teacher, 1 assistant were a part of department.
The main scientific direction of department – a research of economic problems of a market mechanism of management of a chemical and forest complex.