The Yale Department of Economics is one of the most prestigious and highly respected economics departments in the world. Located in New Haven, Connecticut, it is part of Yale University, a private Ivy League research university. The department has a long history of academic excellence, dating back to 1824 when the first professor of economics was appointed at Yale. Today, it is home to a diverse and accomplished faculty, including Nobel laureates, and offers a wide range of undergraduate and graduate degree programs in economics.
Academic Programs
The Yale Department of Economics offers several undergraduate and graduate degree programs, including the Bachelor of Arts (B.A.) in Economics, the Bachelor of Science (B.S.) in Economics, the Master of Arts (M.A.) in Economics, and the Doctor of Philosophy (Ph.D.) in Economics. The department also offers a variety of courses and programs in specialized fields, such as international trade, economic development, and financial economics. The undergraduate programs provide students with a solid foundation in economic theory, econometrics, and applied economics, while the graduate programs offer advanced training in economic research and methodology.
Research Focus Areas
The Yale Department of Economics has several research focus areas, including macroeconomics, microeconomics, and econometrics. Faculty members are actively engaged in research in these areas, and students have the opportunity to work with them on research projects. The department is also home to several research centers and initiatives, including the Yale Economic Growth Center and the Yale Center for Economic Growth. These centers provide a platform for faculty and students to engage in cutting-edge research and policy analysis on economic growth and development issues.
| Research Focus Area | Faculty Members | Research Topics |
|---|---|---|
| Macroeconomics | Prof. John Geanakoplos, Prof. Robert Shiller | Monetary policy, economic fluctuations, asset pricing |
| Microeconomics | Prof. Fiona Scott Morton, Prof. Judith Chevalier | Industrial organization, game theory, behavioral economics |
| Econometrics | Prof. Peter Phillips, Prof. Eric Verhoogen | Econometric theory, time series analysis, panel data models |
Notable Faculty and Alumni
The Yale Department of Economics has a long history of attracting and producing talented economists. Some notable faculty members include Nobel laureates such as Robert Shiller and George Akerlof, as well as other prominent economists such as John Geanakoplos and Fiona Scott Morton. The department’s alumni include many successful economists, policymakers, and business leaders, such as former Federal Reserve Chairman Ben Bernanke and former Secretary of the Treasury Timothy Geithner.
Awards and Honors
The Yale Department of Economics has received numerous awards and honors for its research and teaching excellence. The department has been ranked as one of the top economics departments in the world by various organizations, including the National Research Council and the QS World University Rankings. Faculty members have also received numerous awards for their research, including the Nobel Prize in Economics and the John Bates Clark Medal.
- The Yale Department of Economics has been ranked as the #1 economics department in the world by the QS World University Rankings in 2020.
- Faculty members have received a total of 10 Nobel Prizes in Economics since 1969.
- The department has a strong track record of placing its Ph.D. graduates in top-tier academic and research institutions, with over 90% of graduates going on to secure tenure-track positions.
What are the admission requirements for the Ph.D. program in Economics at Yale?
+To be considered for admission to the Ph.D. program in Economics at Yale, applicants must submit a completed application, which includes transcripts, letters of recommendation, a personal statement, and GRE scores. Applicants must also have a strong background in economics and mathematics, and a master’s degree in economics or a related field is highly recommended.
What kind of research opportunities are available to students in the Yale Department of Economics?
+Students in the Yale Department of Economics have access to a wide range of research opportunities, including working with faculty members on research projects, participating in research seminars and workshops, and presenting their own research at departmental conferences and seminars. The department also offers several research centers and initiatives, such as the Yale Economic Growth Center and the Yale Center for Economic Growth, which provide students with opportunities to engage in cutting-edge research and policy analysis.
