List of the Best American Universities in Economics

The field of economics no longer means just macro and microeconomics, but has grown to include labor economics, public finance, development economics, econometrics, industrial organization and international economics. With so many specialties, the choice of a university can be complex. "Research Papers in Economics" (RePEc) has data on 10,700 economics departments, research institutes and governmental organizations and ranks them annually. Using its 2010 ranking and the 2009 "U.S. News & World Report" rankings of top graduate schools in economics, a list of the best American economics universities includes all private institutions but one.
  1. Harvard University

    • Harvard University has the top Department of Education in America.

      Harvard University’s Department of Economics is rated No. 1 by both RePEc and "U.S. News & World Report." U.S. News also ranked Harvard as no. 1 in development economics, industrial organization and international economics specialties among graduate schools. Although relatively expensive compared to other universities, Harvard has had a unique program since 2007 limiting debt incurred by students whereby undergraduates pay a percentage of their family’s income and those with incomes under $60,000 do not pay at all.

      Department of Economics
      Harvard University
      Littauer Center
      1805 Cambridge Street
      Cambridge, MA 02138
      617-495-2144
      economics.harvard.edu

    Massachusetts Institute of Technology

    • RePec ranked the Massachusetts Institute of Technology No. 3 among American departments of economics. However, its graduate school was tied for first place by U.S. News, which ranked its graduate school No. 2 in econometrics and No. 1 in macroeconomics, microeconomics and public finance. In 2010 you would pay about $39,000 a year in tuition as an undergraduate or graduate at MIT.

      Department of Economics
      Massachusetts Institute of Technology
      50 Memorial Drive
      Cambridge, MA 02142
      617-253-3361
      econ-www.mit.edu

    Princeton University

    • Princeton was No. 4, according to RePEc rankings for economics universities, but its graduate school was tied for No. 1 by U.S. News, which also ranked its international economics program as No. 2 among American graduate schools. Tuition and fees as of 2010 were about $35,000 a year as an undergraduate.

      Department of Economics
      Fisher Hall
      Princeton, NJ 08544-1021
      609-258-4000
      princeton.edu/economics

    University of Chicago

    • Chicago is home to the top-ranked University of Chicago Economics Department.

      RePEc’s No. 2 economics school is the University of Chicago. With 5 out of 5 points, its graduate school was also tied for first place by U.S. News, who also ranked it No. 1 in labor economics and No. 2 in macroeconomics. As of 2010, the cost of undergraduate tuition and fees is about $41,000 a year.

      The University of Chicago
      Department of Economics
      1126 East 59th Street
      Chicago, IL 60637
      773-702-1234
      economics.uchicago.edu

    University of California at Berkeley

    • Although the University of California at Berkeley’s graduate school was only ranked No. 6 by "U.S. News & World Report," it was No. 5 according to RePEc rankings. U.S. News did rank the graduate school’s international economics department as No. 4 in the country. Tuition and fees for undergraduates in the 2010-11 school year are about $11,000 if you’re a resident or $34,000 if you’re a nonresident.

      University of California, Berkeley
      Economics Department
      508-1 Evans Hall #3880
      Berkeley, CA 94720-3880
      510-642-0822
      econ.berkeley.edu

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