Over the next three years, the MU Faculty of Economics and Administration will build two labs for economic experiments and simulations and renovate seventeen classrooms and lecture rooms. The first stage of the project, which will see the renovation of one classroom and one lecture room and the construction of both labs, began at the beginning of July.
 
 The refurbishment of the faculty's facilities is part of the Strategic Education Investment Project (SIMU+) at Masaryk University, which is financed by the Operational Programme Research, Development and Education. The overall cost of work and equipment at the Faculty of Economics and Administration will be around 62 million Czech crowns.

 The Masaryk University Experimental Economics Laboratory (MUEEL) has been active at the Faculty of Economics and Administration for several years now. The MUEEL is part of a branch of economics that studies the behaviour of people with regard to tax payments, corruption, and many other areas of life.