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 excellence of the training and scholarships provided. Oxford submitted 84 FTE researchers to the Economics and Econometrics UoA for the 2014 REF (Research Excellence Framework) and 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’. This placed Oxford first in the ranking in terms of overall research strength with more ‘world-leading’ research than any other UK institution.
Oxford has one of the strongest, largest, and most varied groups of economists in the world. This is reflected in the diversity of its research, covering virtually every aspect of modern economic analysis and its applications. 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.