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| University of Rochester Department of Economics | |
|---|---|
| Name | University of Rochester Department of Economics |
| Parent institution | University of Rochester |
| Established | 1920s |
| Type | Academic department |
| Head | Department Chair |
| City | Rochester, New York |
| Country | United States |
University of Rochester Department of Economics is an academic department within the University of Rochester located in Rochester, New York. The department offers undergraduate and graduate programs emphasizing quantitative analysis, economic theory, and applied research. Faculty research spans microeconomics, macroeconomics, econometrics, and public policy, and the department maintains collaborations with regional and national institutions.
The department traces roots to the early 20th century and expanded during the post-World War II growth of American higher education alongside institutions such as Harvard University, Princeton University, Massachusetts Institute of Technology, Yale University, and University of Chicago. During the mid-20th century the department engaged with scholars connected to the Keynesian economics debates and later with scholars interacting with scholars from Cowles Commission, National Bureau of Economic Research, Rand Corporation, Brookings Institution, and Federal Reserve Bank of New York. In the late 20th century links developed with faculty at Columbia University, New York University, Cornell University, Stanford University, and University of California, Berkeley as part of broader shifts in macroeconomics and microeconomics research trajectories. Recent decades saw growth in econometrics and experimental work connected to centers like National Science Foundation-funded projects and partnerships with IBM, Google, Microsoft Research, and regional policymakers in Monroe County, New York.
The department offers an undergraduate Bachelor of Arts coordinated with colleges such as College of Arts and Sciences (University of Rochester), a Master of Arts, and a Ph.D. program interacting with interdisciplinary units like Warner School of Education, Simon Business School, Department of Political Science (University of Rochester), Department of Mathematics (University of Rochester), and programs affiliated with National Bureau of Economic Research. Graduate training emphasizes coursework comparable to programs at Massachusetts Institute of Technology, University of Chicago, Princeton University, Harvard University, and Yale University with core offerings in microeconomic theory, macroeconomic theory, and econometrics. Joint-degree opportunities and electives allow students to work with scholars affiliated with Federal Reserve Bank of Cleveland, Federal Reserve Bank of Boston, International Monetary Fund, and World Bank projects.
Faculty research profiles include scholars publishing in journals such as American Economic Review, Quarterly Journal of Economics, Econometrica, Journal of Political Economy, and Review of Economic Studies. Research areas cover industrial organization with ties to Federal Communications Commission, labor economics informed by studies akin to work from National Bureau of Economic Research, public economics intersecting with Internal Revenue Service-related policy analysis, development economics partnering with United Nations Development Programme, and health economics collaborating with Centers for Disease Control and Prevention. The department has housed faculty who trained at or collaborated with scholars from University of California, San Diego, Northwestern University, University of Pennsylvania, Duke University, and Brown University.
Admissions for the Ph.D. program are competitive, drawing applicants who also consider programs at Princeton University, Harvard University, Yale University, Stanford University, and University of Chicago. Undergraduate recruitment competes with students considering Brown University, Columbia University, Cornell University, University of Michigan, and University of Wisconsin–Madison. Student life includes participation in seminars with visiting scholars from National Bureau of Economic Research, workshops modeled after conferences such as the American Economic Association annual meeting, and student organizations that collaborate with local institutions like Greater Rochester Chamber of Commerce and regional non-profits.
The department is often compared in reputation and metrics to peer departments at Columbia University, Northwestern University, University of Michigan, Carnegie Mellon University, and Washington University in St. Louis. Rankings by outlets and surveys that benchmark doctoral training and research output place emphasis on publication records in journals such as Econometrica and American Economic Review and on citation indices used by organizations including National Research Council and U.S. News & World Report.
The department is associated with research centers and facilities that mirror centers like the Center for Economic Policy Research, the National Bureau of Economic Research affiliates, and university-wide institutes similar to the Furman Center and institutes at peer universities. Campus facilities include computer labs for econometric software comparable to resources at London School of Economics, seminar rooms hosting colloquia with visitors from Federal Reserve Bank of New York, and library collections connected to interlibrary networks such as OCLC.
Alumni and faculty have pursued careers at institutions such as Federal Reserve System, World Bank, International Monetary Fund, U.S. Department of the Treasury, Council of Economic Advisers, and universities including Princeton University, Harvard University, Yale University, Stanford University, University of California, Berkeley, University of Chicago, Columbia University, Northwestern University, Duke University, Brown University, Cornell University, Carnegie Mellon University, University of Pennsylvania, Johns Hopkins University, New York University, Massachusetts Institute of Technology, University of Michigan, University of Wisconsin–Madison, Washington University in St. Louis, Indiana University Bloomington, Syracuse University, University of Minnesota, University of California, San Diego, Boston University, Temple University, Rutgers University, University of Texas at Austin, Texas A&M University, University of California, Los Angeles, Arizona State University, University of Southern California, Ohio State University, University of North Carolina at Chapel Hill, Georgetown University, Vanderbilt University, Emory University, Leiden University, University of Toronto, London School of Economics, University of Melbourne, National University of Singapore, Peking University, Tsinghua University, Seoul National University, University of Hong Kong, Stockholm School of Economics.