Today, Monday, October 8, 2018, Prof. Iwan Jaya Azis from Cornel University delivered a Guest Lecture entitled “Development of Economics” at the Mindrowo Hall, Faculty of Economics and Business Universitas Airlangga.

The Guest Lecture was attended by 132 participants consisting of FEB students and lecturers from both Universitas Airlangga and other state and private universities in Surabaya.

On this occasion, Prof. Iwan Jaya Azis stated that the material taught to Development Economics students must be adapted to current economic developments. For example, when presenting market types in Microeconomics courses, the focus should be on monopolistic markets, not free markets. This is because perfectly competitive markets are now very rare. Meanwhile, the majority of markets are monopolistic.