25 Renowned Economics Schools

RANKING 2025

1. Harvard University: Harvard's economics department is renowned for its faculty expertise across various subfields, including microeconomics, macroeconomics, and econometrics. It offers rigorous training at both undergraduate and graduate levels and fosters groundbreaking research in economic theory and policy.

2. Massachusetts Institute of Technology (MIT): MIT's economics department emphasizes innovation and interdisciplinary collaboration. Known for its quantitative approach to economic analysis, it produces influential research in areas such as behavioral economics, development economics, and industrial organization.

3. Stanford University: Stanford's economics program excels in blending theoretical rigor with practical applications. Its faculty members are leaders in fields like game theory, public economics, and labor economics. The department fosters a dynamic intellectual environment and encourages student involvement in cutting-edge research.

4. University of Chicago: The University of Chicago's economics department is renowned for its emphasis on free-market principles and rigorous theoretical training. It has a strong tradition in economic theory, econometrics, and empirical research, producing influential scholars and policymakers.

5. Princeton University: Princeton's economics department is known for its excellence in both research and teaching. With a focus on interdisciplinary collaboration, it conducts groundbreaking research in areas such as finance, international economics, and economic history, shaping policy debates worldwide.

6. London School of Economics and Political Science (LSE): LSE's economics department is a global leader in social science research, offering a diverse range of programs and attracting top scholars from around the world. It has a strong tradition in applied economics, policy analysis, and development economics.

7. University of California, Berkeley: UC Berkeley's economics program is distinguished by its emphasis on empirical research and public policy analysis. It has a diverse faculty with expertise in areas such as environmental economics, health economics, and urban economics, contributing to both academic scholarship and policymaking.

8. Yale University: Yale's economics department combines theoretical innovation with a focus on real-world applications. Its faculty members are leaders in fields such as behavioral economics, economic history, and economic inequality, fostering a vibrant intellectual community.

9. Northwestern University: Northwestern's economics program is known for its strength in applied microeconomics and empirical research. It offers rigorous training in econometrics, industrial organization, and labor economics, preparing students for careers in academia, government, and the private sector.

10. University of Oxford: Oxford's economics department is renowned for its tradition of excellence and intellectual rigor. It offers a wide range of programs and conducts cutting-edge research in areas such as economic theory, financial economics, and economic policy analysis.

11. University of Cambridge: Cambridge's economics faculty comprises leading scholars who conduct research at the forefront of the discipline. The department emphasizes interdisciplinary collaboration and offers programs that integrate economic theory with insights from other social sciences.

12. University of Pennsylvania: UPenn's economics department is known for its strength in both theoretical and empirical research. It has a diverse faculty with expertise in areas such as public finance, international trade, and economic development, contributing to policy debates and academic scholarship.

13. Columbia University: Columbia's economics program is distinguished by its interdisciplinary approach and global perspective. Its faculty members are leaders in fields such as macroeconomics, econometrics, and economic history, producing influential research with real-world implications.

14. New York University (NYU): NYU's economics department is known for its dynamic faculty and innovative research. It offers programs that emphasize both theoretical rigor and empirical analysis, with a focus on understanding complex economic phenomena and informing policy debates.

15. University of Michigan: The University of Michigan's economics department is recognized for its excellence in research and teaching. It has a diverse faculty with expertise in areas such as health economics, labor economics, and economic sociology, contributing to a vibrant intellectual community.

16. University of California, Los Angeles (UCLA): UCLA's economics program is known for its strength in applied microeconomics and econometrics. Its faculty members conduct research in areas such as industrial organization, labor economics, and economic forecasting, shaping both academic scholarship and public policy.

17. University of Minnesota: The University of Minnesota's economics department is renowned for its rigorous training and innovative research. It has a strong tradition in economic theory, public economics, and econometrics, preparing students for careers in academia, government, and the private sector.

18. University of Toronto: U of T's economics department is known for its international reputation and commitment to excellence in research and teaching. It offers programs that cover a wide range of topics, from economic theory to applied econometrics, and fosters collaboration with scholars from diverse backgrounds.

19. University of Wisconsin–Madison: UW-Madison's economics program is known for its interdisciplinary approach and collaborative research environment. Its faculty members conduct research in areas such as environmental economics, economic history, and public policy analysis, contributing to both academic scholarship and policymaking.

20. University of California, San Diego (UCSD): UCSD's economics department is distinguished by its strength in empirical research and quantitative analysis. It offers programs that emphasize both theoretical and applied economics, with a focus on understanding economic behavior and informing policy decisions.

21. University of Maryland: UMD's economics department is known for its strong research programs and commitment to diversity and inclusion. It conducts research in areas such as labor economics, health economics, and economic policy analysis, addressing pressing societal challenges and informing public debate.

22. University of British Columbia: UBC's economics program is recognized for its excellence in research and teaching. Its faculty members are leaders in fields such as international trade, economic development, and environmental economics, contributing to both academic scholarship and policy discussions.

23. University College London (UCL): UCL's economics department is renowned for its interdisciplinary approach and global perspective. It offers programs that integrate economic theory with insights from other social sciences and conducts research in areas such as behavioral economics, economic geography, and economic history.

24. University of Warwick: Warwick's economics department is known for its innovative research and commitment to excellence in teaching. It offers programs that cover a wide range of topics, from microeconomic theory to applied econometrics, and fosters collaboration with scholars from diverse backgrounds.

25. University of Toulouse: The University of Toulouse's economics program is known for its strong tradition in economic theory and empirical research. It offers programs that emphasize both theoretical rigor and real-world applications, with a focus on understanding economic behavior and informing policy decisions.

Please note that this list is not exhaustive, and there are many other excellent economics schools worldwide. Additionally, rankings can fluctuate, so it's essential to research current rankings and consider other factors such as faculty expertise, research opportunities, and program offerings when making decisions about where to study economics.