In 1923 the “Handelshögskolan” was established. The first year the group only consisted of 9 students. The classes that they offered were economics, business, economic geography, jurisprudence, as well as language classes in English, German, French and Russian. In 1925 the students suggested that a Student Union should be formed, and in the same year the school also moved from “Göteborgs Högskola” to “old Handels” at Läroverksgatan 1.