Undergraduate studies in economics were introduced in the 19th century by institute president
Francis Amasa Walker, while the department's Ph.D. program was introduced in 1941. The
American Economics Association estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities.[citation needed] By 2020, the department has the second highest number of Ph.D. alumni who received the
Nobel Prize in Economics in the world (12) only behind
Harvard Economics (13) and ahead of
UChicago Economics (9). Nine out of 18
Clark medalists since 1999 received Ph.D. degrees from the department.
History
In the 1890s, economists including
Francis Amasa Walker and
Davis Rich Dewey taught courses in economics to the undergraduate students.[1] It was known as the Department of Economics and Social Sciences. In 1937, the department established a graduate program, while in 1941, it established a Ph.D. program.[2] In the 1950s and the 1960s, the department expanded its graduate program.[3] In these years, the program became more quantitatively oriented and emphasized technical training.[4] Approximately 25 students enrolled each year.[5] In the 1970s, the first Black American graduate students joined the program as part of a desegregation program.[6]
^Cherrier, Beatrice (2013). "A Preliminary History of Economics at MIT, 1940-1972". History of Political Economy.
^Duarte, Pedro Garcia (2014). "The Early Years of the MIT PhD Program in Industrial Economics". History of Political Economy. 46: 81–108.
doi:
10.1215/00182702-2716127.
^Darity, William; Kreeger, Arden (2013). "The Desegregation of an Elite Economics Department's PhD Program: Black Americans at MIT". History of Political Economy.
Undergraduate studies in economics were introduced in the 19th century by institute president
Francis Amasa Walker, while the department's Ph.D. program was introduced in 1941. The
American Economics Association estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities.[citation needed] By 2020, the department has the second highest number of Ph.D. alumni who received the
Nobel Prize in Economics in the world (12) only behind
Harvard Economics (13) and ahead of
UChicago Economics (9). Nine out of 18
Clark medalists since 1999 received Ph.D. degrees from the department.
History
In the 1890s, economists including
Francis Amasa Walker and
Davis Rich Dewey taught courses in economics to the undergraduate students.[1] It was known as the Department of Economics and Social Sciences. In 1937, the department established a graduate program, while in 1941, it established a Ph.D. program.[2] In the 1950s and the 1960s, the department expanded its graduate program.[3] In these years, the program became more quantitatively oriented and emphasized technical training.[4] Approximately 25 students enrolled each year.[5] In the 1970s, the first Black American graduate students joined the program as part of a desegregation program.[6]
^Cherrier, Beatrice (2013). "A Preliminary History of Economics at MIT, 1940-1972". History of Political Economy.
^Duarte, Pedro Garcia (2014). "The Early Years of the MIT PhD Program in Industrial Economics". History of Political Economy. 46: 81–108.
doi:
10.1215/00182702-2716127.
^Darity, William; Kreeger, Arden (2013). "The Desegregation of an Elite Economics Department's PhD Program: Black Americans at MIT". History of Political Economy.