MIT Department of Economics

The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.

Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker, while the department's Ph.D. program was introduced in 1941. It is one of the "big five" schools in the field along with the faculties at the University of Chicago, Harvard, Princeton, and Stanford (these schools have consistently ranked as the top five schools in the country since graduate school rankings have been produced by U.S. News & World Report). The American Economics Association estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities.

Among the department's past and current faculty and alumni are several recipients of the Nobel Prize in Economics:

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