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Economics contributes to the understanding of many important social problems: changes in efficiency and productivity, fluctuations in the overall levels of economic activity and employment, inflation, the effects of government deficits, the growth and decline of industries, changes in foreign exchange rates, increases in international indebtedness, and the behavior of the centrally planned and less developed countries.

Subjects are offered in the major areas of economics: theoretical and applied analysis at the levels of the individual consumer, the firm, and the industry, as well as aggregate economic activity, industrial organization and health economics, econometrics, public finance, energy economics, urban economics, labor economics, game theory, international trade and finance, economic history, economic development, and political economy.


  • Microeconomic Theory and Public Policy
  • Principles of Microeconomics
  • Intermediate Microeconomic Theory
  • Topics in Economics
  • Microeconomic Theory I
Department of Economics Online Application$75 Application Fee (see details below for waiver eligibility)One Copy of Official College Transcript(s)Three Letters of RecommendationGRE General Test Score English Language Requirements IELTS band: 7 TOEFL paper-based test score : 577 TOEFL iBT® test: 100

MIT makes financial support available to graduate students from a variety of sources and in several different forms—fellowships, scholarships, traineeships, teaching and research assistantships, on-campus employment, and federal loans. Many forms of support are granted solely on the basis of merit, while others are granted on the basis of financial need or a combination of merit and need.

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