Best Colleges in Economics Program

This page introduces the top colleges in Economics program. Harvard University is ranked first in Economics program ranking and Massachusetts Institute of Technology is placed in second. Next describes the Economics program in general.
Economics is the social science that studies the behavior of individuals, groups, and organizations (called economic actors, players, or agents), when they manage or use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to act rationally, have multiple desirable ends in sight, limited resources to obtain these ends, a set of stable preferences, a definite overall guiding objective, and the capability of making a choice. There exists an economic problem, subject to study by economic science, when a decision (choice) has to be made by one or more resource-controlling players to attain the best possible outcome under bounded rational conditions. In other words, resource-controlling agents must maximize value subject to the constraints imposed by the information the agents have, their cognitive limitations, and the finite amount of time they have to make and execute a decision. Economic science centers on the activities of the economic agents that comprise society. (read more at wiki)


Academic Comparison Between Best Colleges in Economics Program

1 public and 9 private schools are ranked in the top Economics colleges. The average acceptance rate of the schools is 7.10% where Stanford University has the tightest acceptance rate of 4% and University of California-Berkeley has the highest rate of 15%. Total 217,314 students are enrolled into the best Economics schools where University of California-Berkeley has the largest population with 41,891 students and Princeton University is the smallest school with 8,273 students. The average graduation rate is 94.70% and the average students to faculty ratio is 7.40:1 at those colleges.
Next table shows the academic information and key facts of the best Economics colleges including acceptance rate, graduation rates, student population, and students to faculty ratio.
Table. Best Colleges in Economics Program
RankName Acceptance RatesGraduation RatesPopulationStudent-Faculty Ratio
1Harvard University
Cambridge, MA
5%96%31,120 7:1 (14.29 %)
1Massachusetts Institute of Technology
Cambridge, MA
7%94%11,466 3:1 (33.33 %)
1Princeton University
Princeton, NJ
5%97%8,273 5:1 (20.00 %)
1University of Chicago
Chicago, IL
7%93%16,227 5:1 (20.00 %)
5Stanford University
Stanford, CA
4%94%17,534 12:1 (8.33 %)
5University of California-Berkeley
Berkeley, CA
15%91%41,891 18:1 (5.56 %)
7Northwestern University
Evanston, IL
8%94%22,008 6:1 (16.67 %)
7Yale University
New Haven, CT
6%97%12,974 6:1 (16.67 %)
9University of Pennsylvania
Philadelphia, PA
8%96%25,367 6:1 (16.67 %)
10Columbia University in the City of New York
New York, NY
6%95%30,454 6:1 (16.67 %)
Average7.10%94.70%217,314 (Total) 7.40:1 (13.51 %)

Best College In Economics 2019 Tuition Comparison and 2020 Estimated Costs

Next table lists 2018-2019 tuition & fees and compares the costs between the best college in economics. The 2018-2019 costs are officially published by IPEDS, U.S. Department of Education. The estimated costs for year 2019-2020 are calculated and estimated based on each school's tuition rates last year.

For the undergraduate programs, the average tuition & fees of the best college in economics is $52,642 where Columbia University in the City of New York has the most expensive costs with $59,430 and University of California-Berkeley has the lowest amount of tuition with $43,176. The average graduate tuition & fees of the best college in economics is $47,326 where University of Chicago has the highest tuition with $58,968 and University of California-Berkeley has the lowest amount of graduate school tuition with $29,233.
UndergraduateGraduate
Table. Best College In Economics 2019 Undergraduate Tuition Comparison and 2020 Estimation
RankSchool Name 2019 Tuition & Fees2020 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Harvard University $50,420$51,935
1Massachusetts Institute of Technology $49,892$49,892
1Princeton University $50,340$53,757
1University of Chicago $58,230$61,846
5Stanford University $51,354$53,151
5University of California-Berkeley $14,184$43,176 $14,198$44,191
7Northwestern University $54,568$56,525
7Yale University $53,430$55,540
9University of Pennsylvania $55,584$57,712
10Columbia University in the City of New York $59,430$68,395
Average$14,184$52,642$14,198$55,295
Table. Best College In Economics 2019 Graduate School Tuition Comparison and 2020 Estimation
RankSchool Name 2019 Tuition & Fees2020 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Harvard University $47,562$49,221
1Massachusetts Institute of Technology $52,892$52,892
1Princeton University $51,250$53,669
1University of Chicago $58,968$61,003
5Stanford University $49,617$49,617
5University of California-Berkeley $14,131$29,233 $14,092$29,194
7Northwestern University $54,620$56,632
7Yale University $42,100$43,229
9University of Pennsylvania $38,630$40,186
10Columbia University in the City of New York $48,390$49,867
Average$14,131$47,326$14,092$48,551

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