The history of DEAMS turns out to be closely linked to that of the Faculty of Economics, whose origins date back to the late 19th century, and thus also to the establishment of the University of Trieste.

In response to the demand of the people of the Giulia Region for an Italian university and to the growing professional and practical needs in the fields of commerce and navigation, on the initiative of Baron Pasquale Revoltella – a protagonist of nineteenth-century emporium Trieste, one of the first shareholders of Assicurazioni Generali, a board member of Lloyd Austriaco, and a great patron of the city’s cultural and artistic life – the “Scuola Superiore di Commercio, Fondazione Revoltella” was established in 1877 by private donation.

With the transition to Italian sovereignty, the “Superior School of Commerce” in 1920 with the addition of a third year course, was transformed into the “Superior Institute of Commercial Studies,” equalized with similar Italian institutes.
This would shortly become a university campus.

In 1921 a fourth year was added to the curriculum, and – thanks to the vote of the faculty and the financial commitment of the Municipality of Trieste, which donated funds raised under Austrian rule for the construction of the university-the assimilation of the colleges to universities was achieved. The Higher Institute was thus transformed, by Royal Decree No. 1338 of August 8, 1924, into the “University of Economic and Commercial Studies,” comprising only the Faculty of Economic and Commercial Sciences.

On this basis, the current University of Trieste subsequently developed, of which the Faculty of Economics and Business (named Faculty of Economics since 1993) represented the first nucleus. However, Law No. 240 of 12/30/2010 put an end to the Faculties, which were destined to be absorbed into Departments, previously dedicated exclusively to research activity.

In 2010, the three pre-existing Departments of Economic and Statistical Sciences (DISES), Economics and Business Technology (DETA) and Applied Mathematics in Economic Statistical and Actuarial Sciences (DIMA) merged to form the current Department of Economic, Business, Mathematical and Statistical Sciences (DEAMS).

Following Law 240/2010, in 2012 the Faculty of Economics was incorporated into DEAMS – Department of Economic, Business, Mathematical and Statistical Sciences named after Prof. “Bruno de Finetti” (pictured), which thus combines research expertise with teaching skills.