<p>U</a> of T : Economics : Department of Economics</p>
<p>MIT has one of the best undergrad programs in the US. The top 3 are really Harvard, MIT, and UChicago. Those are always in a group of their own.</p>
<p>One caveat though is that MIT does not admit students to departments or schools, but rather to the Institute. Whether you are planning to study electrical engineering, economics, architecture (again one of the top schools in the country), or english literature (not so much), you have to go through an identical admissions process and take the same core subjects. So the first question has to be "Is MIT the right school for me?" If it is, then yes, it is a superb place to study economics.</p>
<p>USNWR actually has a ranking that is pretty close to how economists view the rankings, though for undergrad this could be different:</p>
<p>Search</a> - Economics - Best Graduate Schools - Education - US News and World Report</p>
<h1>1: MIT and Chicago</h1>
<h1>2: Harvard, Berkeley, Stanford, Princeton</h1>
<p>and so on....</p>
<p>
[quote]
Why would it be a joke? I didn't know MIT"s ranking and wanted to hear something from people who have had experience in that major.
[/quote]
</p>
<p>It's just I thought MIT's strengths in economics would be so well-known to anyone who had seriously considered going there and studying that....Seriously, it has been dominant for so long in the field that I guess I thought this was well-known. My bad.</p>
<p>YES! the greatest! MIT is making strides in behavioral economics, which I sincerely believe will the the standard economic viewpoint in the next 10 years or so.</p>