Economics helps provide answers for some of the world’s most pressing questions, from the future of work to ending global poverty to improving the environment.

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Penny Pritzker's '81 Monumental Gift Provides the Department of Economics A Space to Grow

 

Penny Pritzker

 

Penny Pritzker '81, former U.S. Secretary of Commerce from 2013-2017, has made a $100 million dollar gift to the University.  The gift is in support of creating a new home for the department, allowing for innovation in teaching and research by the faculty, graduate and undergraduate students.

Read more about the announcement in the Harvard Gazette

Programs

Harvard undergraduate student in front of Littauer Center

Undergraduate

The large number of professors and their diverse interests enable a student to study virtually any area of economics.  The extraordinary quality of Harvard undergraduates makes the classroom environment stimulating for teacher and student alike.

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Graduate

Supported by a diverse group of faculty who are top researchers in their fields and fueled by a vast array of resources, the PhD program is structured to train and nurture students to become leading economists in academia, government agencies, the technology industry, finance and banking, and global policy organizations.

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At a Glance

  • 59

    Faculty
    Members

  • 19

    Areas of
    Study

  • 82

    Undergraduate
    Courses

  • 535

    Undergraduate
    Concentrators

  • 48

    Graduate
    Courses

  • 195

    Graduate
    Concentrators

The Department of Economics is part of the larger academe of teaching and research at Harvard University.

Faculty Spotlight

Harvard undergraduate and graduate students are the finest in the world and are the lifeblood of the department. Every year we get a new group that challenges me to the utmost. I thrive on it.

claudia goldin

Claudia Goldin

Henry Lee Professor of Economics

News and Events

Econometrics Team Winners

Harvard Undergraduate Team Wins Econometrics Game at U Chicago!

April 20, 2022

We are so pleased to announce that our Economics and AM/Ec team won The Econometrics Game at the University of Chicago this April! Congratulations to Jay, Bonnie, Ishan, and Matej!

The Econometrics Game is a fast-paced competition where teams of one to four undergraduate students from universities across the US (and some international ones too!) are given 13 hours with a dataset to devise and answer a question of economic importance. To learn more, visit the site...

Read more about Harvard Undergraduate Team Wins Econometrics Game at U Chicago!
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  • Fields of Study

    Theory

    The study of the application of using hypothetical quantitative economic models.

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    Political Economy

    The study of production and trade and their relations with law, custom and government; and with the distribution of national income and wealth.

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    Econometrics

    The study of developing and using statistical and mathematical tools to analyze economic issues and policy
    questions.

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    Macroeconomics

    The study of the national economy and the determinants of national production, unemployment, and inflation.

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    Economic History

    The study of how economies and economic outcomes have changed over history and how economic institutions have developed. 

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    International Economics

    The study of the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. 

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  • Fields of Study

    Behavioral Economics

    The study of the cognitive and emotional dimensions of economic decisions.

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    Industrial Organization

    The study of individual markets and the nature of competition. Topics include anti-trust policy, the role of advertising, and how costs vary with the scale of operations. This field also studies particular industries such as software and technology firms, sports, and tourism.

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    Economic Development

    The study of why some countries have developed while others have not, with special focus on the world’s less developed countries. How might the industrialized countries improve prospects for development around the world?

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    Labor Economics

    The study of employers’ decisions to hire workers and employees’ decisions to work. This involves determinants of wages, the incentives workers face, and the role of minimum wage laws, unions, pensions, and training programs. 

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    Financial Economics

    The study of how to value and determine the price of assets with uncertain returns their derivatives and the markets that trade them; the study of how firms finance their operations and the capital structure of firms.

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    Public Economics

    The study of the role of government in the economy including how to evaluate government programs, the design of tax systems, and how the political process makes decisions.

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