Established in 1985, the Institute of Industrial Economics was the first academic institution in Taiwan to offer graduate studies in this field. The institute currently offers graduate programs at both Masters and doctoral levels, with these programs being directed toward preparing students for careers in academia, government and the private sector. The emphasis of the main program is placed upon three core areas of economics: theory, industrial economics and applied economics, enabling students to develop a level of expertise in macro- and microeconomic theory, industrial organization, econometrics, game theory, anti-trust theory, competition and regulations, research and development, international economics, labor economics and environmental and resource economics.