The Department of Economics at the LSE is one of the largest economics departments in the world, with over 50 faculty and 1000 students. The size of the Department ensures that all mainstream areas of economics are strongly represented in research and teaching.
We are a leading research department, consistently being ranked in the top 20 economics departments worldwide. This is reflected in the 2008 Research Assessment Exercise which recognised the Department as the top economics faculty in the UK, whether ranked by grade point average or ranked by fraction of research activity receiving the top 4* (world-leading) grade. Sixty per cent of the Economics Department's research activity is considered world-leading and a further 35 per cent internationally excellent.
The 2010 Nobel Prize for Economics was awarded to Prof. Chris Pissarides for his collaborative work "for the analysis of markets with search frictions". In addition we have nine former members of staff or students who have been awarded the Nobel Prize in Economics (Sir John Hicks, 1972; Friedrich von Hayek, 1974; James Meade, 1977; Sir Arthur Lewis, 1979; Merton Miller, 1990; Ronald Coase, 1991; Amartya Sen, 1998; Robert Mundell 1999, George Akerlof, 2001). Former students are employed as economists in a wide range of national and international organisations, in government, international institutions, business and finance.
There is a cosmopolitan feel to the Department; well over half the members of staff were born or educated outside the UK, and nearly three-quarters of students come from overseas. The Department offers a range of Bachelors and Masters degrees, as well as a structured doctoral training in economics.