Oxford's Department of Economics is one of Europe's leading research departments and its members include some of the world's most distinguished academic economists.
The department offers its community of around 300 graduate students a rigorous and relevant training in economics, providing a setting in which debate and research can flourish. The department’s graduate courses prepare students for a wide range of careers in academia, government and business.
The department is committed to excellence in teaching and the MPhil and DPhil in Economics are internationally recognised for the quality of the training provided. The University of Oxford is ranked 2nd in Europe in the most recent Tilburg University ranking of Economics departments, based on research contribution for the period between 2014-2018. In the most recent Research Excellence Framework (REF 2014) to evaluate the research output of UK Universities, Oxford was ranked first in overall research strength in Economics and Econometrics, with more research assessed as ‘world-leading’ than any other participating institution. In a submission of 84 FTE academics, 89% of the department's research output was assessed as ‘internationally excellent ‘or ‘world-leading’ (3* or 4*), with its research environment considered to be 100% ‘world leading’.
Oxford has one of the strongest, largest, and most varied groups of economists in the world. Our objective is to engage in innovative research that extends the frontiers of the discipline, deepening our understanding of the operation of modern economies. Research spans almost all the major sub-fields of economics with particular strengths in microeconomic theory, including behavioural economics; econometrics, both micro-econometrics and time series; economic history and development and international economics. Research activity is focused within smaller, specialised groups, with each group holding regular workshops at which research by faculty and graduate students is presented and discussed. Many distinguished researchers from outside Oxford also visit to present their work at seminars.