The New Economic School, an independent graduate school of economics in Moscow, was established in 1992 as a partnership of the Central Economic Mathematics Institute of the Russian Academy of Sciences (CEMI), and the Hebrew University in Jerusalem, along with a group of Western economic professors. NES was created to introduce modern economics into Russia as a critical part of the transition to a market economy. The School offers a two-year graduate level program in economics, similar to programs in the top Western institutions. Through its Research Center, it trains students and staff in modern research methods and apply economic analysis to questions of transition and the Russian economy. Through its Outreach Center NES brings modern economics training to economists outside of Moscow. The mission of NES is to train a new generation of economists for Russia; to create a resident Russian faculty of economics; and to integrate Russian economics profession into the world community.