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Last Updated: April 24, 2021

Economics at New York University

New York University's Department of Economics is top-ranked in the U.S. and stands among the top 15 schools of economics in the world according to the RePEc, QS Rankings, and the Shanghai Rankings to name a few.

The Department of Economics at NYU has distinguished scholars such as the winner of the Nobel Prize in 2011, Tom Sargent, and winner of the 2004 Nemmers Prize Ariel Rubinstein in its faculty.

Courses Offered

The department understands that student's interests in the study of Economics vary and hence offers undergraduate and graduate courses as majors and joint programs, besides an Honor's degree.

Undergraduate Program

NYU offers courses that can enhance student knowledge in concepts like the structure of markets and economies along with the relationship between areas within the global economy. They focus mainly on Economic Theory, Macroeconomics, International Economics, and Economic Growth and Development. For their undergraduate program, students can choose from doing a- These majors can be studied with a concentration either in Economic Theory (suitable for students who enjoy studying formal approaches towards economic theories) or Economic Policy (an excellent option for those who prefer understanding the interplay of economic theory and policies). Students who wish to explore the world of economics in-depth can choose an Honors degree where they enjoy the privilege of small class groups with extensive interaction with professors.

The undergraduate syllabus has been designed to help students choose the right subjects that shall give them leverage towards higher studies. For instance, those planning on a post-graduation in economics or studying law can enroll for a Honors program with a Theory concentration.

Core Courses Required

Students can choose to take the Policy concentrated courses or the Theory concentrated courses based on which the number of core courses and the subjects change.
Policy Concentration-Students are required to complete at least ten courses to receive 40 points in the Department. The seven core courses that have to completed under any circumstance are-
The other three courses that has to be taken are electives from which students have the option of choosing any three they prefer.

Theory Concentration- In this field, students have 6 core courses and 4 electives to make up for their 40-point requirement. The core courses are-


Students interested in an unpaid internship program need to pass the test by the Department of Labor. Eligible interns are offered an educational environment by the interning company and a certificate of accomplishment at the end of the program.

Clubs & Awards

Students can become a member of the Undergraduate Economics Society and derive the benefits of listening to eminent guest speakers, participate in social activities and industrial tours. The department also houses chapters of the Honorary Economics Society and the Omicron Delta Epsilon.

Outstanding students stand eligible for the Emanuel Stein Memorial award and the Murray Altman Prize.

Career Opportunities

After completing graduation in Economics from NYU, students find career opportunities in business management, public administration, and economic-related industries. Many have found lucrative jobs at the United Nations, various financial, government, non-profit organizations, and corporate settings, and the Wall Street too.

Fee Structure for Undergraduate Courses

The tuition fee for Full-Time students is as follows-

Fall term and Spring Term up to 18 points$26,102
Registration and Services Fee$1338
Fee for excess points per term$1537

The tuition fee for Non-Full-Time students is as follows-

Fall term and Spring Term up to 18 points$1537
Registration and Services Fee$507
Fee for excess points per term$71

Graduate Programs- MA in Economics

Studying for a Master’s degree in Economics at NYU can be an engaging experience. This is an advanced course that ensures its graduate students understand the finest nuances of applied economics and public policy.

The master's program offers classes in the morning and evening, which makes it suitable for working professionals.

Eligibility to Apply for the Graduate Program

Applicants need to:

Course Structure of Graduate Program

The common program of study requires the student to complete a minimum of 32 points and a special project report. Each course carries 3 points and the special project is 2 points in all. The course is spread across 4 semesters where the project is the only part of the 4th semester. The five core courses that have to completed by the students are-

Advanced Certification

The NYU Department of Economics offers an advanced certificate program for MA students interested in economic analysis, especially in the study of international economics and economic development. Students can take up this course after submitting the MA special project report.

Career Opportunities

Students who have completed an MA in Economics from NYU have often found lucrative jobs with a high pay scale at leading companies such as Goldman Sachs, Deutsche Bank, Bloomberg, Royal Bank of Canada, AIG, Federal Reserve Bank of New York, and the like. They can opt for jobs in fields like

PhD in Economics

The research degree offered by New York University's Department of Economics admits students of outstanding promise. It is a full-time course and helps graduate students understand the finest nuances of modern economic techniques and shapes them into economic leaders.

Financial Aid

The department receives about 800 applications for its Ph.D. program every year, of which about 20 scholars are chosen. Deserving students are offered full financial aid, which includes tuition fee waiver, health insurance coverage, and the annual stipend which also includes a $1,000 start-up stipend. Besides, scholarship awardees are not required to teach at the university. Those who wish to do so are paid additionally for their teaching services.

Eligibility and Requirements

Course Structure

The course is spread across 5 years or more with a specific structure- Year 1

Year 2

Year 3
Students are required to complete their coursework and start original research. They will have to find a faculty advisor, create their original research paper, and do presentations based on their paper at different mini-conferences.

Year 4
This year is generally used by candidates to advance their candidacy. They will have to Year 5 and above
This time duration is dedicated to writing the original Ph.D. dissertation. There will be a public oral examination conducted once the dissertation is completed.

Job Opportunities after PhD

Students are encouraged to work as teaching or graduate assistant in order to enhance their professional development and to supplement their stipend. The guidelines for the same are as follows-

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