The Faculty of Commerce and Tourism is a young and modern Faculty ... The Degrees of Commerce and Tourism, and the Double Degree in Tourism and Commerce are taught. In addition, four Official Masters related to these branches of knowledge are taught. ... but with more than 160 years of history, the Commerce studies in Madrid were "formalized" in 1850 at the former Higher School of Commerce. In 1971 the Higher School of Commerce of Madrid joined the Complutense University under the name of University School of Business Studies. The 1998-99 academic year marks a new turning point in the evolution of the School, which now occupies the new building of Avda. Philippines, leaving the old building of Plaza de España. In 2012, like other UCM schools, it changed its name to the Faculty of Commerce and Tourism.