<p>WHich school is better for econ major? (not pure econ, but Business sort of econ)</p>
<p>Northwestern. All I had to see was "Wharton" to think that Chicago, a school that, even with its fantastic econ dept., is still very much steeped in the liberal arts tradition, and students in the economics major do mostly theoretical economics. (Or, at least from my understanding, the kind of economics that's not at all helpful in the business world).</p>
<p>I'm not an econ major and I've never taken an econ class (though I will), so I'm not the world's foremost expert on how Chicago teaches econ and how it compares to how a school like Northwestern might approach econ.</p>
<p>Well, just based on a Chinese site's 2007 Econ rankings:
UChicago is tied with MIT for 1st, and Northwestern is 8th.
<a href="http://usa.edutime.net/Rank/Rank95.aspx%5B/url%5D">http://usa.edutime.net/Rank/Rank95.aspx</a></p>
<p>Wait? what? Im not sure as for business, but generally Chicago Econ, both grad and undergrad, and considered the single best Econ dept. in the entire world.</p>
<p>I dunno how business centered it is or can be, but either way, if you come out of Chicago Econ, your pretty much going to get a good Job for sure.</p>
<p>I don't get why people always want to compare the two schools; they're nothing alike!</p>
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Wait? what? Im not sure as for business, but generally Chicago Econ, both grad and undergrad, and considered the single best Econ dept. in the entire world.
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</p>
<p>Are you sure? I wonder what would that make Harvard, Cambridge, Oxford, Berkeley, MIT, Stanford and Princeton econ.</p>
<p>On Topic: Both are about the same in terms of quality education and branding.</p>
<p>Powergrid,</p>
<p>Chicago's Economics Department is, in fact, considered by many to be the best in the world. However, among its close rivals are the schools that you named.</p>
<p>In terms of branding, Chicago is superior due to its immense influence during the 20th century. (i.e. Chicago School of Economics led by Friedman and Stigler)</p>
<p>Education-wise: I doubt there is a huge difference in the capabilities of Northwestern Econ student and a Chicago Econ student</p>
<p>Listen up. Both will offer you a world-class education in economics. Pick based on something else - fit. Of course, you need to be capable of getting in first though...</p>
<p>Majayiduke,</p>
<p>Hi there. I'm aware that the economics at UofC is an excellent program. But I think it does not have the monopoly of superiority in the field. Some of those noteworthy Economics profs and "star" economists of then and now are from Harvard and Cambridge. In the last 50 years or so, MIT, Stanford and Berkeley's economics have vastly improved to catch up with UofC, Harvard and Cambridge's. Please note that I am talking about the QUALITY of the PROGRAM. In terms of branding, however, I think all the schools I mentioned would fall in the same tier.</p>
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Listen up. Both will offer you a world-class education in economics. Pick based on something else - fit. Of course, you need to be capable of getting in first though...
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This is what I meant to say. When choosing a school between two superhouses and big names such as U of C and NU, it's best to choose the school based on FIT.</p>
<p>powergrid,</p>
<p>I agree with what you say. Initially I got the impression that you were actually putting Chicago in a tier below these schools due to this statement:</p>
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Are you sure? I wonder what would that make Harvard, Cambridge, Oxford, Berkeley, MIT, Stanford and Princeton econ.
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</p>
<p>Simple misinterpretation. I agree that they are in the same tier.</p>
<p>It doesn't matter if the U of C is better than everybody and their mother for econ; I don't think it will offer the poster what he or she is looking for.</p>
<p>UChicago teaches concepts of economics better than anyone else. But it doesn't teach you how to use it in the business world (from how i here it from my friends). For instance UChicago doesn't teach you Keynesian theory.</p>
<p>Why not just apply to both and see where you get in...? lol.
If you happen to get into both, repost this in march/april ;)</p>
<p>why would you need Keynesian theory for business? Moreover, I'm pretty sure that just because u c is a famous (perhaps THE famous) monetarist school doesn't mean they ignore all other theories. That would make them rigid ideologues...which is for the anthropology dept)</p>
<p>WhartonPablo,</p>
<p>Northwestern offers business institutions (minor), MMSS (adjunct major), and Kellogg undergrad certificates (applied during sophomore year though) that go well with an econ degree. I think Northwestern offers more business-related courses. </p>
<p>Fact #1: Chicago's econ has bigger fame.
Fact #2: Northwestern never lost to Chicago (4 years in a row) in College Fed Challenge (maybe there's some true to what people said about application vs theory?).</p>
<p>I have a hard time thinking of someone for whom both UChicago and Northwestern would be a fit. They have very different vibes and cultures. Choose the one which you fit better, you'll get a great education at either.</p>
<p>I forgot to mention NU also has business-related courses in their industrial engineering/management sciences department (in the engineering school). That said, I second what others said-choose the one that you fit better.</p>