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Institute of Economics, Polish Academy of Sciences (Polish: Instytut Nauk Ekonomicznych PAN, abbreviation: INE PAN) is a public Polish research center for economic and business studies. It was founded on December 10, 1980. Its offices are located in the Staszic Palace and the Palace of Culture and Science in Warsaw. Organizationally, it is part of the Polish Academy of Sciences.[1] The Institute of Economics has the rights to bestow doctoral degrees, habilitation degrees and to initiate the professorship procedure. Some of its MBA and DBA prominent programs are the most modern programs in Poland which are internationally recognized.