Graduate Program

Incoming graduate class of 2018

Yale’s Economics Department offers a challenging and rigorous academic program, a distinguished and accessible faculty, and a friendly, supportive environment for study.

Our teaching faculty (not counting visitors or graduate student teaching assistants) numbers 50 making it one of the largest economics departments in the United States. There are 37 tenured professors and 13 non-tenured associate or assistant professors. With about 125 Ph.D. students in residence our teacher/student ratio is very high.

In 2011 Robert Shiller gave a presentation titled The Yale Tradition in Macroeconomics (slides) at the Yale Economic Alumni Conference. The talk actually gives a nice history of the department going back to 1813.

A Broad Range of Research Interests

Our faculty covers a broad range of research and teaching interests. Courses and seminars span the whole spectrum of economics: from the mathematics of general equilibrium theory to economic history; from statistical and econometric methodology to its applications in macro economics, labor economics and demography; from macroeconomic policy to antitrust and environmental regulation; from the United States and developed economies to the developing nations of Latin America, Asia and Africa; from international trade and finance to the theory of public choice. Whatever your interest, the chances are that you will find someone on the faculty to guide you, if not in a regularly offered course or seminar or workshop, then in a reading and research course tailored to your needs, and finally in your Ph.D. Dissertation research.

Our faculty is eclectic in methodologies and views of economics. There is no Yale dogma or school. You will acquire a critical perspective on the full range of approaches to macroeconomics. You will be well trained in neoclassical theory and in the theory of public choice, externalities and market failures. You will master the skills of sophisticated modern econometrics and understand pitfalls in its applications. You will gain respect for the power of contemporary mathematical models and also for history and for the insights of the great economists of the past.