Administrative Unit: Economics
College/School: College of Letters & Science
Admitting Plans: M.S., Ph.D.
Degrees Offered: M.S., Ph.D.
Minors and Certificates: Doctoral Minor
Named Options: Graduate Foundations (M.S.)
Specializations: Econometrics, Industrial Organization, International Economics, Labor Economics, Macroeconomics and Monetary Economics, Microeconomic Theory, or Public Economics
The economics department offers both master's and doctoral programs of study.
The department has a well-organized placement service. Each year a faculty member functions as the placement officer. He or she is assisted by the placement assistant who coordinates the sending of resumes and letters of recommendation, makes available job vacancy information, and offers general guidance. Each job market candidate gives a regular faculty research seminar on his or her primary research paper; these seminars are typically widely attended by faculty and students and provide a rigorous "test run" for the job market paper. To prepare for the job market interviews mostly conducted at the winter meetings of the American Economic Association, all students are given mock "job market interviews" by faculty members. Students also receive extensive help from their primary advisor, who in addition to providing general counsel during the process of job search, typically is instrumental in contacting colleagues at other universities, or in bringing the student to the attention of the extensive network of former Wisconsin Ph.D.'s employed in universities, colleges, government, and the private sector. Students also benefit from the fact that many government agencies, including the Board of Governors, the World Bank, the International Monetary Fund, and several Federal Reserve banks often actively recruit on campus. Finally, Wisconsin students typically self-organize additional presentations of job market papers, providing one another with additional opportunities for practice.
Many graduates accept research positions in academia, while others gain employment with international organizations, government, or private consulting firms. Between 2004 and 2015, placements at U.S. universities have included positions as assistant professors at Yale University, Northwestern University, University of California at Berkeley, University of Michigan, University of Pennsylvania, University of California–San Diego, Washington University in St. Louis, University of Florida, University of California–Santa Cruz, Tufts University, the University of Washington, University of Iowa, and the University of Virginia. Placements at non–U.S. universities have included University College London, London School of Economics, McMaster University, University of British Columbia, National Taiwan University, and Tsinghua University. Students pursuing nonacademic employment have accepted positions at institutions including the Federal Reserve Board of Governors, the International Monetary Fund, the Congressional Budget Office, US Treasury Department, the Korea Development Institute, Bates White Consulting, Abt Associates, and Mathematica Policy Research Institute.
Faculty: Professors Blank, Corbae, Deneckere, Durlauf, Engel, Hansen, Hendricks, Kennan, Porter, Rostek, Sandholm, Scholz, Seshadri, Smith, Sorensen, Taber, Walker, West, Williams, Wolfe, Wright; Associate Professors Gandhi, Lentz, Quint, Weretka; Assistant Professors Atalay, Bilir, Freyberger, Fu, Gregory, Penta, Roys, Shi; Affiliate Professors Chinn, Montgomery, Ortalo-Magne, Smeeding; Affiliate Associate Professors Schechter, Wallace; Affiliate Assistant Professors Chang, Chung, Samek, Sarada