Graduate study in the Department of Economics stresses both applied and theoretical economics. The department’s several degree programs emphasize economic theory, econometrics, and specialized fields in applied and development economics. The department prepares students for careers in academics, government at all levels, international organizations, and the private sector. Graduate courses in the department help students master the quantitative tools of economic theory and statistical analysis and, further, demonstrate the means by which theoretical tools may be applied to practical problems. Faculty members in the department maintain close and informal contact with graduate students, and guide research students through what are often their first major pieces of independent research.

Affiliated with the Department of Economics is the Institute for Economic Development (IED), which focuses on the economic problems of developing countries. It serves as a focal point for economic research by students, faculty, and visiting scholars.