Massachusetts Institute of Technology, or MIT, in Boston, ranks first in their undergraduate program in economics, according to U.S. News and World Report. MIT is known for being a stellar academic institution in general. Professors such as Paul Samuelson first developed the introductory economic text for courses at MIT. Other famous names such as Stanley Fischer's intermediate macroeconomics textbooks have been used worldwide in teaching modern economics.
University of Chicago has a well-known program in economics. For those considering studying in the Midwestern region of the United States, University of Chicago has the best undergraduate program in economics. The program offers several areas of research, including applied macroeconomics that been taught by Nobel Prize winners Milton Freidman and Ronald Coase.
Harvard University is another established institution that has a well-known economics program. Students studying economics will not be disappointed; it is the largest program the university has to offer on campus. Martin Weitzman is among the teaching faculty. His book, "The Share Economy: Conquering Stagflation," has been used by universities all over the country, educating on the value of profit sharing.
University of Pennsylvania ranks among the top undergraduate programs in business and economics. Students will gain exposure to various classwork as well as guidance for preparation in the working world. It is one of the largest programs in the School of Arts and Sciences at the university. Among the faculty, several Nobel Prize winners including Antonio Merlo, Dirk Krueger and Petra Todd currently teach courses in economics at the undergraduate and graduate levels.