Carnegie Mellon University

Economics

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 School 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 counts editors of leading economics research journals, advisors to the Federal Reserve, other federal and foreign government institutions, four fellows of the Econometric Society and Nobel Prize winner Finn Kydland amongst its members.

Current areas of active faculty research include the design of cryptocurrencies, online platforms and other digital market places, the origin and mitigation of financial crises, network formation, tax policy reform, discrimination dynamics, migration, and climate change.

Academic Minds Research Spotlight

Does the rise in replacement workers impact wages?

Shu Lin Wee, Tepper School assistant professor of economics, speaks about her research on replacement hiring and the productivity-wage gap.

What makes financial markets work?

Ariel Zetlin Jones, Tepper School associate professor of economics, speaks about his research on what makes financial markets work.

Taxation and the Redistribution of Wealth

Sevin Yeltekin, Tepper School senior associate dean of education and professor of economics, speaks about her research on policy issues related to the macroeconomy — specifically, how to redistribute through the taxation system.

How do natural disasters affect voting patterns?

John Gasper, Tepper School associate teaching professor of economics, speaks about his research on the political economy — the intersection of economics and politics — specifically how natural disasters affect voting patterns.

Economics Community

Life at Carnegie Mellon

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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. Explore Life at Carnegie Mellon

Preparing for a Ph.D.

photo of economics research book

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. Read More