The composition of the department

Ikromov Axmadjon Shavkat o‘g‘li

Senior Lecturer

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Djabbarov Raximjon Abdullayevich

Senior Lecturer

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Abdujalilova Guzal Saydillayevna

Senior Lecturer

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Ruzmanov Shuxrat Usmonovich

Senior Lecturer

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Otayev Shonazar Qodirovich

Senior Lecturer

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Abdullayeva Shahlo Aliyar qizi

Trainee teacher

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Shoraximova Zilola Nasirdjonovna

Assistent

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Tursunova Nafisa Xalil qizi

Assistent

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Alimov Oybek Narkulovich

Assistent

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Scientific activity

• In 2025, the Department of “Econometrics and Economic Modeling” conducted scientific research under project No. AL-7823051642 entitled “Econometric Modeling and Forecasting of Demand for Insurance Services in Uzbekistan Based on Socio-Economic and Demographic Factors.” Within the framework of this applied project, a monograph titled “Econometric Modeling and Forecasting of Demand for Insurance Services in Uzbekistan” was prepared, reflecting the results of research carried out by the authors Candidate of Physical and Mathematical Sciences, Associate Professor Sh.S. Nasretdinova, G.S. Abdujalilova, M.R. Bekberganova, N.R. Ubaydullayeva, and Z. Shorakhimova. The monograph presents econometric models of demand for insurance services both nationwide and by regions, based on demographic and production potential of the territories, as well as opportunities for medium-term forecasting. A comprehensive probabilistic-statistical analysis of the population by gender and age structure was also conducted. In addition, methodologies and algorithms for calculating tariff rates for life insurance products were developed. This monograph is intended for specialists in insurance activities, particularly life insurance, as well as researchers, academic staff, university professors in finance-related fields, master’s students, and students.
• During 2017–2021, the Department of “Econometrics and Economic Modeling” carried out scientific research under project No. PZ-20170930126 entitled “Ways to Improve the Methodology for Analyzing and Assessing Investment Project Risks Based on International Standards.” Within the framework of this applied project, a monograph titled “Modeling the Assessment of Investment Project Risks” was prepared, which reflects the research results achieved by Associate Professor Sh.S. Nasretdinova, D.A. Jalilov, and B.S. Mirzaev. This scientific work serves as a scientific and practical resource that complies with international standards in the field of investment project planning and risk management.
• The faculty members of the Department of “Econometrics and Economic Modeling” at the National University of Uzbekistan are carrying out significant work in the field of digitalization of economic sectors and analysis of the investment environment. In particular, an important intellectual property object was created in co-authorship with the Head of the Department, Candidate of Economic Sciences, Associate Professor Sh. Nasretdinova. On September 27, 2018, the Intellectual Property Agency of the Republic of Uzbekistan issued an official CERTIFICATE (No. DGU 05670) for the computer software program called “Invest-Risk.” This software development is aimed at reducing risk levels in attracting investments and managing projects in the economy. This achievement is part of the department’s long-term strategy to ensure integration between higher education and industry and confirms the department’s high potential not only in scientific theory, but also in creating practical tools for the digital economy.
• Within the framework of the scientific and innovative activities of the Department of “Econometrics and Economic Modeling,” another significant achievement was attained in analyzing the investment environment through digital technologies. On December 3, 2019, the team of authors (Sh. Nasretdinova and others) received a state CERTIFICATE (No. DGU 07244) for the software system entitled “System for Assessing Investment Project Risks Using Directed Graphs.” This software system enables the visualization and analysis of complex relationships in investment projects through mathematical graphs (directed graphs). This method provides more accurate identification of project risks and demonstrates high efficiency in mathematically modeling their impact on the final outcomes of projects. The system serves as a modern econometric tool for optimizing decision-making processes in the economy, assessing the viability of investment projects, and managing risks. This scientific achievement further strengthens the department’s potential in the fields of digital economy and Data Science.
• The scientific potential of the Department of “Econometrics and Economic Modeling” is reflected not only in applied software developments but also in the advancement of fundamental scientific theories. In October 2019, the team of authors led by the Head of the Department, Candidate of Economic Sciences, Associate Professor Sh. Nasretdinova, received a CERTIFICATE (No. 001593) confirming the deposit of a copyrighted scientific work. This work is distinguished by its application of elements of the “Theory of Catastrophes,” a concept rarely used in economic analysis but highly relevant, to the assessment of investment project risks. Within the study, a methodology was developed for modeling the tendencies of unexpected and sharp negative changes (catastrophes) in projects using directed graphs. This scientific product demonstrates the profound theoretical depth of the research conducted at the department. The methodology serves as a fundamental basis for the early detection of crisis situations in investment projects and for developing strategies to prevent them. The obtained results provide a strong scientific foundation for publishing articles in international scientific databases and for defending dissertations.
• The activities of the Department of “Econometrics and Economic Modeling” aimed at introducing modern information technologies into the educational process and developing students’ practical skills are producing effective results. On March 18, 2021, the Intellectual Property Agency of the Republic of Uzbekistan issued an official CERTIFICATE (No. DGU 10505) for the software development entitled “Creation of an ‘Electronic Marketing’ System for Students,” developed by members of the department team. This electronic system enables students to remotely acquire theoretical and practical knowledge in the fields of marketing fundamentals, digital marketing strategies, and market analysis. The system has the following advantages:
  • an interactive approach to modeling marketing processes;
  • studying electronic marketing tools using real-life case studies;
  • an automated mechanism for assessing and monitoring students’ knowledge.

This innovative development not only enriches the methodological base of the specialized disciplines taught at the department, but also contributes to improving the effectiveness of digital technologies in higher education. Such programs play an important role in strengthening the position of higher educational institutions in international rankings.

• Within the framework of the department’s scientific and practical activities, particular attention is paid to the creation of digital solutions for various sectors of the economy, especially in transportation and logistics. In September 2021, the department’s researchers received an official CERTIFICATE from the Ministry of Justice (No. BGU 00459) for a database project entitled “Creation of the ‘Aviakassa’ System.” This intellectual property object is designed for the systematic storage, processing, and management of large volumes of data related to airline ticket sales, customer flows, and transport logistics. The distinctive features of the system include:
  • optimization of the airline ticket booking process;
  • availability of data security and fast search systems;
  • the ability to generate statistical data necessary for economic analysis.

This database serves as an important practical foundation for the disciplines “Economic Information Systems” and “Database Management” taught at the department. Such developments contribute to strengthening cooperation between the department and industrial enterprises, as well as enhancing students’ skills in creating software products that meet real market demands.

• Within the framework of the scientific and innovative activities of the Department of “Econometrics and Economic Modeling,” another significant result was achieved in the field of digitalization of insurance and financial calculations. On April 14, 2025, a state CERTIFICATE (No. DGU 49607) was obtained for the software tool “Program for Calculating Life Insurance Tariff Rates for Education,” developed by author Sh. Nasretidinova. This software tool enables the automatic calculation of life insurance tariff rates for educational purposes, analysis of insurance parameters, and optimization of calculation processes. The program plays an important role in improving the efficiency of insurance services, assessing financial risks, and forming tariff policies based on economic-mathematical methods. This development contributes to the widespread implementation of digital technologies in the insurance system, the effective use of economic modeling methods, and the improvement of decision-making processes. This scientific achievement further strengthens the scientific potential of the department in the fields of digital economy, actuarial calculations, and Data Science.
• Within the framework of the scientific and innovative activities of the Department of “Econometrics and Economic Modeling,” another important result was achieved in the application of digital technologies in the insurance sector. On April 14, 2025, the team of authors (Sh. Nasretidinova and N. Ubaydullaeva) obtained a state CERTIFICATE (No. DGU 49606) for the software tool “Program for Calculating Life Insurance Tariff Rates for Marriage.” This software tool enables the automatic calculation of life insurance tariff rates for marriage-related purposes, economic-mathematical modeling of insurance conditions, and analysis of financial risks. The program plays an important role in improving the efficiency of insurance services, forming tariff policies on a scientific basis, and optimizing actuarial calculations. The development contributes to the widespread implementation of digital technologies in the insurance system, the effective use of economic analysis and modeling methods, and the improvement of decision-making processes. This scientific achievement further strengthens the scientific potential of the department in the fields of digital economy, insurance mathematics, and Data Science.
• Within the framework of the scientific and innovative activities of the Department of “Econometrics and Economic Modeling,” another important result was achieved in calculating insurance tariffs using economic-mathematical methods. On April 14, 2025, the team of authors (Sh. Nasretidinova and N. Ubaydullaeva) obtained a state CERTIFICATE (No. DGU 49683) for the software tool “Program for Calculating Life Insurance Tariff Rates.” This software tool enables the automatic calculation of life insurance tariff rates, modeling of insurance conditions, and analysis of financial risks. The program plays an important role in optimizing actuarial calculations, improving the efficiency of insurance services, and forming tariff policies on a scientific basis. The development contributes to the widespread implementation of digital technologies in the insurance system, the effective use of economic analysis and modeling methods, and the improvement of decision-making processes. This scientific achievement further strengthens the scientific potential of the department in the fields of digital economy, insurance mathematics, and Data Science.

International cooperation

International Cooperation

Scientific Relations and Partner Organizations of the Department:
• University of Economics in Bratislava (Slovak Republic)
• Financial University under the Government of the Russian Federation
• Free University of Berlin (“Freie Universität Berlin”, Germany)
• Institute for Personnel Training and Statistical Research under the Statistics Agency
• “Gross Insurance Company” Joint-Stock Company
• Board of Trustees of the Global Finance Association QRAFT (GFA QRAFT) — an international association uniting specialists in actuarial science, financial quantum technologies, risk management, analytics, and fintech.
• “Uzbekinvest” National Export-Import Insurance Company
Information on Foreign Professors and Lecturers Who Conducted Lectures at the Department in Recent Years:
• Prof. Irina Evgenyevna Zhukovskaya, D.Sc. in Economics (Professor of the Department of Business Informatics, Faculty of Information Technology and Data Analysis, Financial University under the Government of the Russian Federation):
From March 17 to May 17, 2025, she voluntarily conducted a 12-hour course of lectures and practical sessions on “Information and Communication Technologies and Systems in Economics” for first-year students majoring in “World Economy and International Economic Relations.”
• Professor Jaroslav Kultan and Andrianna Baleha (University of Economics in Bratislava, Slovak Republic):
From April 30 to May 30, 2026, within the framework of the Department of Econometrics and Economic Modeling, they voluntarily delivered 12 hours of lectures in both offline and online formats for students of the “World Economy and International Economic Relations” educational direction as part of independent study hours.

International Cooperation and Relations with Foreign Universities
The following activities were implemented to enhance the professional development of the department’s faculty members and young researchers, as well as to put bilateral memorandums of understanding into practice:
• Scientific Internship in Germany (2023):
In November 2023, D.M. Fayzullayev, a baseline doctoral student (PhD researcher) of the department, completed a scientific internship in Germany. This internship was carried out based on the bilateral memorandum of cooperation signed between the Faculty of Economics and the Free University of Berlin (Freie Universität Berlin). During the research period, European experiences regarding macro-economic indicators influencing state budget revenues, foreign methods of forecasting state budget revenues, and the issues of their implementation into the practice of Uzbekistan were thoroughly investigated.
• “Gross Insurance Company” Joint-Stock Company (2025):
In 2025, an official Memorandum of Understanding was signed between the National University of Uzbekistan named after Mirzo Ulugbek (NUUz) and the “Gross Insurance Company” Joint-Stock Company to establish mutually beneficial cooperation. This document is aimed at strengthening the integration of higher education, science, and production, and is valid for a period of 5 years. This memorandum serves as an important legal framework for the Faculty of Economics (specifically, the Department of Econometrics and Economic Modeling) in bridging theoretical knowledge with practical application. Consequently, it contributes to enhancing the university’s standing in international rankings and increasing the competitiveness of graduates in the labor market.
• “Uzbekinvest” National Export-Import Insurance Company JSC (2025):
In 2025, an official Memorandum of Understanding was signed between the National University of Uzbekistan (NUUz) and the “Uzbekinvest” National Export-Import Insurance Company Joint-Stock Company to foster mutually beneficial partnership. The document is designed to deepen the integration between higher education, science, and production, aiming to train competitive personnel in the fields of insurance and economic analysis.
For the Faculty of Economics, particularly the Department of Econometrics and Economic Modeling, this memorandum acts as a crucial legal foundation to integrate students’ theoretical knowledge with modern insurance market practices, export risk assessment, and underwriting processes. The framework outlines the systematic organization of students’ internships directly within the company’s structures, the launch of joint innovative research projects, and the employment of graduates. This, in turn, serves to enhance the scientific-practical prestige of the university and its metrics in international rankings.
• Institute for Personnel Training and Statistical Research under the Statistics Agency (2025):
On January 15, 2025, a memorandum of cooperation was signed at the headquarters of the Statistics Agency under the President of the Republic of Uzbekistan between the Head of the Department of Econometrics and Economic Modeling at NUUz, Candidate of Economic Sciences (PhD), Associate Professor Sh. Nasretdinova, and the management of the Institute for Personnel Training and Statistical Research. This memorandum was established to deepen the integration of higher education and production in the fields of econometrics and statistics, defining the following priority tasks:
o Qualified Personnel Training: Jointly cultivating advanced specialists equipped with modern knowledge and skills in econometrics and statistics, thereby ensuring harmony between higher education and practical application.
o Scientific Collaboration: Combining the intellectual potential of both parties to develop joint scientific projects and research, with the subsequent implementation of their outcomes into the real sectors of the economy.
o Enhancing Scientific Capacity: Organizing comprehensive discussions and defense procedures for the dissertations of the department’s independent researchers, baseline doctoral students, and faculty members within the Scientific Council for awarding DSc (Doctor of Science) degrees functioning under the Institute.
o Internship System: Setting up systematic production and qualification internships for NUUz students within the Institute and its respective divisions to consolidate their theoretical knowledge.
• GLOBAL FINANCE ASSOCIATION QRAFT LTD (2025):
On September 10, 2025, the National University of Uzbekistan (NUUz) signed an international cooperation agreement with the prestigious Australian organization GLOBAL FINANCE ASSOCIATION QRAFT LTD. Associate Professor of the Department of Econometrics and Economic Modeling at NUUz, Sh. Nasretdinova, participated as a direct initiator and responsible coordinator to implement this agreement and ensure the integration of higher education with international financial technologies.
Within this strategic agreement, the parties designated the implementation of joint projects in the following priority areas:
o Modern Research: Conducting joint scientific research on modern financial technologies (FinTech), insurance market analysis, risk management, as well as the application of Artificial Intelligence and Data Science in economics.
o Personnel Capacity and Internships: Improving the quality of training in econometrics and finance based on international standards, and organizing prestigious internship programs in Australia and globally for talented students and young researchers.
o Exchange of Experience: Providing a scientifically grounded study on introducing advanced foreign experiences and modern innovative methods of financial and econometric modeling into the financial and insurance systems of Uzbekistan.
• Official Visit to Slovakia (2024):
On December 16, 2024, a delegation from the department visited the University of Economics in Bratislava, including the Head of the Department, Associate Professor Sh.S. Nasretdinova, and department members: PhD G.S. Abdujalilova, Z.N. Shoraximova, and A.Sh. Ikromov. During the visit, the delegation familiarized themselves closely with the activities of the Faculty of Economic Informatics. Jaroslav Kultan, Deputy Head of the Department of Applied Informatics, provided the guests with detailed information regarding the bachelor’s and master’s programs, as well as the general structure of the educational process.

• Internship of Foreign Doctoral Students (2025): In May 2025, within the framework of the memorandum on student and researcher exchange between the National University of Uzbekistan named after Mirzo Ulugbek and the University of Economics in Bratislava, Juliya Kromkova, a doctoral student from the Department of “International Political Relations” at the Faculty of International Relations of the aforementioned university, conducted a scientific internship at the Department of “Econometrics and Economic Modeling” from May 1 to May 26.

The Department of “Econometrics and Economic Modeling” has well-established relations with scientific centers of foreign countries and the CIS regarding scientific research work. Below are the scientific centers and the scholars with whom the department maintains permanent cooperation:
• Jeffrey Marc Wooldridge — Professor at Michigan State University (USA), a leading world-class econometrician.
• Jukovskaya Irina Evgenyevna — Professor at the Financial University under the Government of the Russian Federation, Doctor of Economic Sciences.
• Kultan Jaroslav — Professor at the University of Economics in Bratislava, Slovak Republic.
• Baleha Andrianna — Professor at the University of Economics in Bratislava, Slovak Republic.