Important Information for Transfer Students
The Department of Economics prepares students to understand individual and group decision making, the structure of markets and economies, and the relationship between regions within the global economy. The faculty at New York University is particularly strong in Economic Theory, Macroeconomics, International Economics, and Economic Growth and Development. Although Economics is a large Department, its students enjoy an excellent student-faculty rapport. Many of the faculty members are associated with distinguished research institutions. By being able to study with faculty who are actively engaged in research, students learn not only about the fundamentals of economic theory but also about how such theory is utilized. They have the opportunity to conduct research on their own. Honors students are required to write a research paper as an Honors Thesis under direct faculty supervision.
The Economics department currently offers major and minor degrees in Economics, as well as joint majors with Mathematics and Computer Science.
The Department's major can be taken in either one of two concentrations, a Theory concentration or, a Policy concentration. The former is for students who desire a more formal approach to economic analysis. The latter is for students who prefer an approach less formal and that emphasize the role of economic institutions and the interplay between policy and theory.
Students in the Economics major may be eligible for departmental honors, subject to a GPA requirement and after completing the honors sequence (honors tutorial and honors thesis), which involves designing and completing a research project under faculty supervision. If you consider eventually seeking honors, we strongly recommend starting the major sequence as early as possible so that you will be able to complete at least one advanced (300-level) elective before beginning the honors sequence.
Activities and Awards
The Department has chapters of two national academic honor societies, Omicron Delta Epsilon and the Honorary Economics Society. The Murray Altman Prize is given to a junior with an outstanding record in Economics and related fields. The Emanuel Stein Memorial Award in Economics goes to a senior for outstanding scholarship in economics.
Students majoring in Economics have many options open to them after graduation. The major prepares them for graduate school in Economics, business management, or public administration. Pre-professional students will find that an Economics major not only fosters the discipline medical or law school demands, but provides a solid foundation for these and other careers. Studying Economics at New York University is especially rewarding because of the urban environment. Students often find internships and eventually career opportunities on Wall Street, at the United Nations, or in various corporate, financial, governmental, agency, and nonprofit institutional settings.
Admission and Financial Aid
Students seeking admission should apply to the Office of Undergraduate Admissions. The University offers a wide variety of financial aid programs. Awards are primarily based on one's financial need - though merit may be considered as well.