Economics is about human behavior: how people choose, bargain, trade, and produce; how they organize themselves into firms and markets for these purposes; and how such activity is impacted by government intervention. Building on these foundations, economists analyze how the decision-making of many individuals combines to drive innovation, growth, trade flows, business cycles, and stock market volatility.
Tepper economics faculty members have been at the forefront of advancing economic research and using this research to provide insight on policy and business. Nine economics faculty and students have won Nobel Prizes in the field. This tradition of excellence continues today. Our distinguished faculty encompasses editors of leading economics research journals; advisers to the Federal Reserve and to other federal and foreign government institutions; four fellows of the Econometric Society; and Nobel Prize winner Finn Kydland among its members.
Current areas of active faculty research include:
- The design of cryptocurrencies, online platforms, and other digital marketplaces.
- The origin and mitigation of financial crises.
- Network formation.
- Tax policy reform.
- Discrimination dynamics.
- Climate change.
Academic Minds Research Spotlight
What is the Impact of Technology on Factory Workers?
Laurence Ales, Associate Professor of Economics
Why Do Almost Half of Government Contracts Have No Competition?
Karam Kang, Tepper School Associate Professor of Economics
Tepper Economics research is a key component of our interdisciplinary approach to understanding challenges and furthering advances in the areas of blockchain, health care, and sustainability.
Economics Faculty in the News
As Delta Variant Spreads, Business Leaders Continue To Struggle Against COVID, featuring Laurence Ales
Associate Professor of Economics.
NFTs: What They Are, and Why They’re Worth Millions, featuring Ariel Zetlin-Jones, Associate Professor of Economics.
Wealthiest Americans Get $195 Billion Richer in Biden’s First 100 Days, featuring Robert A. Miller
Richard M. Cyert and Morris DeGroot Professor of Economics and Statistics; Professor of Economics and Strategy.
135 Million Americans Are Breathing Unhealthy Air, American Lung Association Says, featuring Nicholas Z. Muller, Lester and Judith Lave Associate Professor of Economics, Engineering, and Public Policy.
Obamacare Marketplaces Survived Trump's Term Better Than Expected, featuring Maryam Saeedi, Assistant Professor of Economics.
Economics in the Classroom
Sustainability, Energy, and the Environment Course
Designing the Digital Economy Course
Life at Carnegie Mellon
We understand the value of work hard/play hard, and prize our tight-knit community where students from all around the world make lifelong friends as they prepare for career success.
Preparing for a Ph.D.
Each year the Tepper School of Business sends graduates out into the world to test their knowledge and prove what they have learned during their time on campus. However, some students are only getting started with their schoolwork.