Faculty of Economics, University of Cambridge

Faculty of Economics, University of Cambridge
Name	Faculty of Economics, University of Cambridge
Established	1903
Type	Faculty
Parent	University of Cambridge
City	Cambridge
Country	United Kingdom

Faculty of Economics, University of Cambridge

The Faculty of Economics at the University of Cambridge is a leading academic unit within the University of Cambridge specialising in teaching and research in Adam Smith-related traditions and modern John Maynard Keynes-informed scholarship. It contributes to debates involving figures and institutions such as Alfred Marshall, Cambridge University Press, Bank of England, International Monetary Fund, and World Bank Group through links with centres and departments including Trinity College, Cambridge, King's College, Cambridge, St John's College, Cambridge, and other Cambridge colleges.

History

The faculty traces intellectual roots to Alfred Marshall and the rise of the Cambridge School, linking to historical events and institutions like Cambridge Apostles, Cobden Club, Cambridge University Press, Royal Economic Society, and the intellectual milieu of Kantian philosophy and Classical liberalism. Early 20th-century developments connected the faculty to debates exemplified by works of John Maynard Keynes, A. C. Pigou, Alfred Marshall, William Stanley Jevons, and interactions with organizations such as London School of Economics, University of Oxford, Royal Society, and the British Treasury. The interwar and postwar eras saw associations with Bretton Woods Conference, International Labour Organization, United Nations, Marshall Plan, and individuals who engaged with Bank of England policy and the World Bank Group programmes.

Organisation and Governance

Governance is embedded in the collegiate structure of the University of Cambridge and coordinated with bodies such as General Board of the Faculties, Cambridge Assessment, Faculty Board, Faculty Council, and various college bursaries at Trinity Hall, Cambridge and Gonville and Caius College. Leadership roles have interfaced with external institutions like Her Majesty's Treasury, European Central Bank, Organisation for Economic Co-operation and Development, and advisory capacities to panels including the House of Commons Treasury Committee and the Select Committee on Science and Technology. Academic appointments and professorships tie to named chairs associated with benefactors and trusts such as the Leverhulme Trust and Wellcome Trust.

Academic Programs

The faculty offers undergraduate and graduate programs with links to professional and research pathways involving Cambridge Judge Business School, Department of Politics and International Studies, Cambridge, Department of Sociology, University of Cambridge, Faculty of Law, University of Cambridge, and the Institute for Manufacturing. Undergraduate courses intersect with college supervision in Trinity College, Cambridge, Queens' College, Cambridge, and Pembroke College, Cambridge; postgraduate provision includes master's and doctoral supervision alongside bodies like the Economic and Social Research Council and project funding from the European Research Council. Degree outcomes position graduates for roles at Goldman Sachs, JPMorgan Chase, European Commission, International Monetary Fund, World Bank Group, Bank of England, and national ministries such as HM Treasury.

Research and Centres

Research activity is channelled through centres and projects with links to Centre for Economic Policy Research, Cambridge-INET Institute, Cambridge Centre for Economic and Public Policy, Behavioural and Experimental Economics Laboratory, Land Economy Research Group, and interdepartmental units connected to Cambridge Centre for Climate Science and the Cambridge Centre for Financial History. Faculty research engages with themes found in work published by The Economic Journal, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies, and collaborations with institutions like National Bureau of Economic Research, Institute for Fiscal Studies, and IMF Research Department.

Faculty and Notable Alumni

Academic staff and alumni include economists, civil servants, and policymakers who have held positions at Bank of England, Treasury of the United Kingdom, International Monetary Fund, World Bank Group, European Central Bank, United Nations Development Programme, and executive roles at McKinsey & Company and Boston Consulting Group. Notable scholarly links associate faculty with names appearing in connection to Nobel Memorial Prize in Economic Sciences, John Hicks, Kenneth Arrow, Amartya Sen, James Meade, Christopher A. Pissarides, and historical figures like A. C. Pigou and John Maynard Keynes. Alumni networks extend into politics and public service with links to Downing Street, UK Parliament, European Parliament, and international administrations such as Federal Reserve System appointments.

Facilities and Resources

Facilities include dedicated seminar rooms and libraries interconnected with the Cambridge University Library, college libraries at Trinity College, Cambridge and St Catharine's College, Cambridge, and computing clusters linked to the Cambridge Service for Data Driven Discovery. Archive resources connect to holdings related to John Maynard Keynes Papers, Alfred Marshall Papers, and institutional records of Royal Economic Society. Experimental and laboratory infrastructure collaborates with the Behavioural and Experimental Economics Laboratory and computational platforms supported by the Engineering Department, University of Cambridge and the Cambridge e-Science Centre.

Outreach and Collaborations

The faculty maintains outreach and partnerships with policy and research organisations including Centre for Economic Policy Research, Institute for Fiscal Studies, National Institute of Economic and Social Research, Office for National Statistics, Bank of England, International Monetary Fund, World Bank Group, European Commission, and engages in public events at venues such as Cambridge Union Society, Royal Society, and the Festival of Ideas. Collaborative teaching and research arrangements link to international universities like Harvard University, Massachusetts Institute of Technology, University of Chicago, Yale University, Princeton University, London School of Economics, and networks such as the Global Economic Governance Programme.

Category:University of Cambridge