The Faculty of Economics and Business of Sebelas Maret University was founded at the same time as the officiation of Sebelas Maret University which was held by the then President of the Republic of Indonesia at Siti Hinggil Pagelaran Keraton Kasunanan (The Higher Stage Level of Performance Hall of Kasunanan Palace) of Surakarta in 1976 based on the Presidential Decree Number 10 Year 1976 of March 8th, 1986. The realization of this faculty was the result of the merger of various private higher education institutions which existed within the territory of Surakarta City, such as: the Faculty of Economics of Nasional Saraswati, the Faculty of Economics of Cokroaminoto University, the Faculty of Economics of Tujuh Belas Agustus University, and the Faculty of Economics of Indonesian Islamic University. This faculty held its initial teaching and learning process at Pagelaran Keraton Surakarta (The Performance Hall of Kasunanan Palace of Surakarta) in the period of 1976 up to 1981. Now the Faculty of Economics, changed its name to the Faculty of Economics and Business, with the permission of the Directorate General of Higher Education ( Dikti ) through Letter No. 298 / E.E2 / KL / 2013 April 5 , 2013.
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