Economics is one of the hottest degree programs in the world that can lead to many fulfilling and delightful career choices. After studying in the best universities in the world for economics, a lot of people may choose to diversify into various fields like finance, banking, or government. Studying economics has many more aspects and potential career paths.Â
Economics is the study of human behaviors aimed at finding solutions to help improve livelihood. The economics faculty is equally committed to the training of graduates and undergraduates. Students are first exposed to an introductory undergraduate course and then to a level where they incorporate the latest economics methods and findings into their electives.
Finding the best school for economics can sometimes be difficult because there are a lot of options to choose from. However, with this article, we will be able to assist you with making the best and the right choice. We have gathered a list of the top universities around the world for economics.
Table of Contents
Why Study Economics?
Have you ever thought of what you can do with your economics degree or why you should study economics?
A degree in economics is not limited to finance, banking, business, or government, it can be useful to all individuals and can lead to many interesting and fulfilling career choices. Many students choose an economics degree because of its versatility. It’s a degree that easily translates into dozens of career paths.
An economics degree also gives you an outstanding level of mathematical and statistical skills and the proficiency to apply economic principles and models to problems in industries, business, finances as well as in the public sector.
Top 100 Best Universities in the World for EconomicsÂ
Check out this list of the top 100 best universities for economics.
- Harvard University
- Massachusetts Institute of Technology
- Stanford University
- University of California, Berkeley
- Oxford University
- The London School of Economics and Political Science (LSE)
- Yale University
- Cambridge UniversityÂ
- Bocconi University
- University of Chicago
- Princeton University
- University of Cambridge
- Columbia University
- University of Pennsylvania
- New York University
- Duke University
- Cornell University
- University of Warwick
- University College London
- Northwestern University
- University of Michigan
- Australia National UniversityÂ
- University of Toronto
- University of Minnesota
- Arizona State University
- McGill University
- Stockholm School of Economics
- Skema Business School Paris
- Korea University
- Erasmus University Rotterdam
- National University of Singapore
- National Taiwan University
- The University of Queensland
- University of Amsterdam
- University of Groningen
- Universitat Pompeu Fabra- BarcelonaÂ
- University of Lausanne
- Peking University
- University of Arizona
- Ohio State University
- University of Washington- SeattleÂ
- University of Wisconsin- MadisonÂ
- University of North Carolina at Chapel Hill
- University of Texas at Austin
- Maastricht University
- Indiana University – Bloomington
- University of Maryland – College Park
- University of Milan
- University of Manchester
- University of Florence
- Johns Hopkins University
- Vanderbilt University
- University of Reading- EnglandÂ
- University of Southern California
- University of Sydney
- LUISS University
- Vrije Universiteit Amsterdam
- Cardiff University
- University of New South Wales
- University of Melbourne
- University of London
- Rutgers University – New Brunswick
- University of Florida
- Texas A&M University – College Station
- University of Nottingham
- University of Sussex
- Carnegie Mellon University
- University of Copenhagen
- Boston University
- University of Virginia
- George Washington University
- University of Queensland
- Monash University
- Catholic University of Leuven
- Imperial College London
- Hebrew University of Jerusalem
- Utrecht University
- University of Rochester
- Tilburg University
- Purdue University
- St. Petersburg State University
- University of Bristol
- Lancaster University
- University of Leeds
- Aarhus University
- Washington University in St Louis
- University of Edinburgh
- Iowa State University
- University of Pittsburgh
- Emory University
- Swiss Federal Institute of Technology Zurich
- University of Oslo
- University of Colorado Boulder
- University of Sheffield
- University of Birmingham
- University of Connecticut
- McMaster University
- University of Georgia
- Chinese University of Hong Kong
- Dartmouth University
Top 10 of the best 100 Universities for economics
1. Harvard University
Being the oldest university in the US, Harvard University is regarded as the best and most prestigious university in the world. It was founded in the year 1636 in Massachusetts, United States.
Harvard is currently ranked as the number one university in economics and finance. The duration for a bachelor degree in Economics at Harvard is 4 years. However, Harvard University offers internships and research assistants positions to students of the department of economics.
The school also funds these research opportunities and seminars on topics in economics where they teach the behavior of social systems such as markets, corporations, legislature, and so on. As an undergraduate in economics, you will be part of training that requires working in numerous economics fields such as finance, economic history, behavioral economics, political economy, and more.
2. Massachusetts Institute of Technology
Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts, near Boston. Established in 1861.
The University offers a Bachelor of Science degree in Economics in the School of Humanities, Arts, and Social Sciences. This is a bachelor’s level program with a course duration of 4 Years.
Moreover, the Department of Economics at MIT has won numerous Nobel Prizes over the years, they also play a leading role in economics education, research work, as well as public service.
The course is designed to give fundamental and advanced knowledge in Economics. Internships, training, and seminars are usually organized to prepare students for the real world.
3. Stanford University
Stanford has one of the largest university campuses in the US. It was established in 1885 by California senator Leland Stanford and his wife, Jane.
At Stanford University, the economics department focuses on equipping the student with the economic aspect of modern society. They also provide training/programs that give its students an excellent background to further into business and law school as well as Ph.D. in economics.
However, the course duration for a bachelor’s degree in economics is 4 years. The program introduces students to microeconomics and macroeconomic
4. University of California, Berkeley
University of California – Berkeley is one of the best public schools in the United States for getting a degree in economics. The school was founded in 1903 and is Located in the midsize city of Berkeley.Â
Economics is a major part of social science in school. The University of California is also noted for excellent teaching and a strong reputation of always producing outstanding graduates in the field of economics.
5. Oxford University
The University of Oxford is one of the top schools in the world that offers economics. The school was established in the year 1999 in Europe.
Being among the world’s best schools with the largest group of economists, Oxford University is recognized for its highly-respected international faculty, researchers, and lecturers.
However, the course curriculum is designed to allow students to study economics along with one or two other subjects. Such as; History & Economics, Economics & Management, Philosophy, Politics & Economics
6. The London School of Economics and Political Science (LSE)
This is one of the top public universities for economics. Located in London, United Kingdom. LSE is recognized for its excellent research framework, they are also among the top leading schools for developments in economics.
At LSE, the economics undergraduate curriculum is designed specifically for students on Thu. Students are trained to develop a thorough grounding in analytical methods and apply them to a diverse range of problems as well as addressing important social issues and policy questions.
7. Yale University
This is a private research university and a member of the prestigious Ivy League, a group of America’s most celebrated higher education institutions. The school was established in 1701. It is the third oldest school in New Haven, United States.
Yale University allows undergraduates to follow a liberal arts curriculum system which allows students to think and learn across disciplines before moving fully to their main discipline. Â
However, Yale University aims to nurture its undergraduates into becoming global citizens instilled with a life-long passion for learning and improvement.Â
8. Cambridge UniversityÂ
This is a leading global university that offers a global approach to education and research. The institution gives students a fundamental understanding of economics through techniques that involve the use of mathematics and statistics.
They also help students understand economics associated with the real world by combining historical, political, and social data. At Cambridge University, the course is studied for three years with a main focus on economics basics which may also include mathematics and statistics, history, sociology, and politics.
9. Bocconi University
This is a research university and among the top schools for economics, business, finance, data science, political science, cyber risk, and law. Its research projects are funded by national and supranational institutions.
Bocconi University is in Milan Italy. It was established in the year 1902. However, the course curriculum is designed to facilitate economic advancement and civic values by introducing its students to solid analytical and ethical skills so as to enable students to contribute to the innovation and development of European business and society.
10. University of ChicagoÂ
The University of Chicago is a private institution that was founded in 1890. The university is located in Chicago, Illinois, USA. This is also one of the top schools that offers economics.
Studying economics at the University of Chicago gives students a wide range of career opportunities as well as graduate degree options. These graduate degree options include law, business, and medicine.Â
However, students who are done with an undergraduate degree can also apply for graduate-level work in applied economics and economic policy or pursue an economic research career with a Ph.D.
Frequently Asked Question
What else can I do with an economics degree, if I don’t become an economist?
A lot can be done with your economics degree, the possibilities are endless. What is vital is to see how all of the skills you learn as an economics graduate can be applied to numerous career paths.
What are the best subjects to study economics?
The three best subjects to study if you intend on applying for an economics degree are maths, English and economics.
Which country is best to study economics?
The United States is the best country to study economics. Most of the top school for economics is located in USA
Can I study economics without maths?
It's rare to find a school that wouldn't require you to have a basic understanding of mathematics before applying to study economics as your major.
How many years does it take to study economics?
To earn a degree in economics, you may be required to study for three to four years in an accredited university. During your study, you will undergo lectures, seminars, and some practical applications of what you'll be taught in the classroom. However, the length, content, and structure of an economics degree program are hugely determined by the school and the degree type you opted for.
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ConclusionÂ
While you can’t go wrong with any school in our Top 100 Best Schools to Study Economics, it’s important to carefully analyze each school to determine if it meets your academic and career goals. It is also advisable to look out for the school’s location, size, community, and extracurricular activities that suit your desire.
Moreover, earning a degree from any of the best schools for economics is a gateway to a successful career in economics. Regardless of the type of degree in economics you want to earn, this article will help you in making the right choice.Â