The University of Economics, Prague (VŠE), founded in 1953, is the biggest public university of economics in the Czech Republic. VŠE has six faculties offering applicants a broad spectrum of bachelor, master, PhD and MBA study programs. The university places emphasis on international cooperation with prestigious foreign universities and institutions. VŠE is a member of many international organizations and networks, such as CEMS, PIM, APSIA, EUA, EQUIS, EDAMBA, ECBE, PRME, and EAIE.