Before pursuing a career in a lucrative field, it is important that a potential student should investigate which university is most likely to provide a return on their investment.
For this reason, we will be listing out The 10 Best Economics Schools in the US in this article, to assist you in choosing the best economics school that is right for your study.
The schools in this list are ranked based on each university’s position in the US News best undergraduate finance colleges list.
A degree in economics may not be the easiest, but every ounce of effort is proven worth it once that hard-working student reaches the finish line.
In addition to teaching students valuable economic skills that can easily go on to benefit a great number of other advanced degrees, a focus on economics provides invaluable skills in risk analysis, business management, and all manners of financial planning.
Upon seeing an economics degree in hand, any potential employer immediately knows exactly who they are dealing with an applicant with the dedication, work ethic, and skills of patience and perseverance that would be at home in any work environment.
What’s more, a degree in economics virtually guarantees that jobs are out there.
According to the bureau of labor statistics, all fields of business and economics are on track to grow between now and 2028, making it one of the fastest-growing fields in the nation.
Here Are The 10 Best Economics Schools in the US
- Harvard University
- University of Chicago to
- Stanford University
- Yale University
- Massachusetts Institute of Technology
- Princeton University
- Northwestern University
- Duke University
- University of California, Berkeley
- University of Pennsylvania
1. Harvard University
Currently, Harvard University economics department has 535 undergraduates, where students study phenomena ranging from stock market crashes and recessions to game theory and the climate crisis.
All economics majors will take the same introductory courses (including calculus) and a sophomore tutorial.
Here, students use statistical methods to comprehend the newest outputs of economic research – an essential skill for many jobs advertised to economics majors.
Should an economics major desire to graduate with honors, they can meet protocol in one of two ways: the thesis track or the advanced course track.
Approximately 85% of economics majors go directly to work in social service, teaching, and business-related careers, while even more enter consulting.
Nearly 75% of graduates will obtain a professional degree in law, business, or public policy. See Harvard MBA Acceptance Rate.
Harvard organizes its upper-level economics classes into more than ten different subsets. Within the economic history track, undergraduates explore dilemmas like creating tax incentives versus implementing emission standards to reduce pollution.
2. University of Chicago
Economics majors at the University of Chicago now have access to two new tracks: business economics and data science.
The first option is offered in conjunction with the Booth School of Business, while the second provides training in quantitative analysis.
Further tracks exist in economic policy, where students create interventions to address problems within the current national economy.
An honors workshop grants undergraduates the chance to conduct an independent, faculty-guided research project. See University of ChicagoTransfer Acceptance Rate.
Economics majors start writing extended papers in their sophomore or junior year and present their findings during their final year of study.
At the university, economics majors should strive to take advantage of Oeconomica, an on-campus research hub dedicated to helping undergraduates gain proficiency in collecting and analyzing quantitative and qualitative data.
3. Stanford University
Stanford University recognizes that economics majors have diverse interests and have organized its curriculum to appeal to undergraduates with a passion for finance, government policy, and business regulation, among other areas.
An emphasis on writing across the disciples requires all economics majors to complete ECON 101, a Stanford student’s typical introduction to the world of economics.
A host of experiential learning opportunities and campus resources prepare Stanford economics majors for fulfilling careers post-graduation. See what Stanford University is known for.
The Summer RA Program is a ten-week experience where economics majors work with faculty on a research project of their choosing.
The Stanford Economic Review is an undergraduate-centered economics publication featuring student work on various topics.
The Stanford Institute for Theoretical Economics (SITE) is one of the neatest opportunities for undergraduates.
The annual summer conference exposes students to the most innovative developments and discussions in industrial organization, macroeconomics, and finance, among many other subfields.
4. Yale University
About 250 Yale undergraduates concentrate in economics, economics and mathematics, or computer science and economics.
The school seeks to present students with real-life scenarios, such as creating interventions to increase economic mobility, redesigning national healthcare, and narrowing gender and racial wage gaps.
Interestingly enough, many economics majors enter Yale to concentrate on a different subject.
After taking introductory-level courses with award-winning faculty members, where they receive early opportunities to participate in research, students fall in love with the community and switch to economics.
Nearly a third will double major in the subject they were originally interested in. See Yale University Acceptance Rate.
What is it that draws undergraduates to economics? The tight-knit community is enhanced by peer mentorships, where juniors and seniors serve as guides for first- and second-year students.
These knowledgeable and passionate mentors are essential in conveying information about internships, academic fairs, and other resources within the economics department.
5. Massachusetts Institute of Technology
Massachusetts Institute of Technology has served as one of the world’s eminent economic research hubs for over 70 years.
Currently, Massachusetts Institute of Technology has 182 undergraduates who enjoy partnerships with the Massachusetts Institute of Technology Sloan School of Management, the Massachusetts Institute of Technology Energy Initiative, and the Department of Urban Studies and Planning, ensuring an interdisciplinary approach to the study of economics.
There are three majors to choose from, these majors include; economics, mathematical economics, or computer science, economics, and data science.
The third option charges students with using computing, economic analysis, and data science to solve existing problems within the national and international economies.
Many students double major in areas like civil engineering or management.
Massachusetts Institute of Technology acknowledges that a significant portion of its incoming students come to the school for computer science and may be unaware of its other renowned departments (like economics).
Therefore, Massachusetts Institute of Technology has launched numerous first-year discovery subjects to provide access to these topics.
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Last Updated on March 23, 2023 by Admin