2014 Nobel Prize in Economics
The Department of Economics would like to congratulate Jean Tirole who has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014 for his analysis of market power and regulation.
Jean Tirole (pictured left, Mme Tirole (IDEI). CC-BY-SA-3.0 via Wikimedia Commons) is one of the most influential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms.
Jean Tirole’s research taught us that important economic problems such as the design of regulation for imperfectly competitive markets can be approached rigorously and incisively via the theoretical analysis of the strategic interaction of economic agents.
For further information about the Nobel Prize and Jean Tirole please visit the Nobel Prize official website.
Saw Swee Hock Student Centre Official Opening
Friday 24 October will be a day of festivities celebrating the official opening of the Saw Swee Hock Student Centre - LSE's newest building currently shortlisted for the prestigious RIBA Stirling Prize!
The events, organised by those who are based in the building, are aimed at the LSE community. Both LSE and the LSE Students' Union invite you to join us for this day of celebration, activities, workshops, celebrity guests, music, comedy, freebies, food and much more. A special edition Gearty Grilling with a twist will be broadcast on the day as part of the celebrations.
For further information and for the detailed programme of events, please visit the LSE Diary and Events page.
LSE launches new Philosophy, Politics and Economics degree
LSE has now opened applications for a new, four-year undergraduate PPE degree which starts in October 2015, combining the disciplines of philosophy, politics and economics for the first time.
The programme will offer an innovative, interdisciplinary approach by the world’s second ranked social science university to tackling major social and economic issues.
As a world-leading centre for social sciences, the LSE has for many years offered unrivalled undergraduate programmes in each of these three areas and in combined courses such as the BSc Politics and Philosophy and the BSc Philosophy and Economics.
LSE’s new four-year BSc in Philosophy, Politics and Economics will differ from many other PPE programs by providing a thorough grounding in all three subjects and extensive training in interdisciplinary problem-solving.
Dr Alex Voorhoeve, Associate Professor in the Department of Philosophy, Logic and Scientific Method at LSE and one of the key academics involved in delivering the new programme, said that students would devote the first three years of the degree to a comprehensive study of each area.
“LSE’s PPE programme will make the most of the School’s innovative teaching and assessment methods and students will be located in London’s political, economic and academic heart,” Dr Voorhoeve said (further commentary on the LSE News and Media page).
Students undertaking the programme will tackle some of the following issues:
ethical questions around financial markets;
the best measures of economic and social progress;
the value of democratic institutions;
the limitations of social sciences in the policy making area.
For more information about LSE’s new PPE degree please visit the LSE Study pages.
Professor Lord Nicholas Stern awarded the BIEE 10 Year Prize for Outstanding Contribution to British Energy Economics
The British Institute of Energy Economics has awarded a prize for outstanding contribution to British Energy Economics over the last ten years, marking both its thirtieth anniversary and its tenth academic conference, both happening in 2014.
A Prize Committee of energy economists, chaired by Professor Yelena Kalyuzhnova, received nominations in May. The committee was unanimous in recommending that Professor Lord Stern of Brentford should receive the prize. His 2006 Review of the Economics of Climate Change has been the most influential single piece of energy economics published over the last decade, and had important implications for government policy and company strategies. The report is also firmly grounded in the academic literature and has provoked further research into the questions it addresses. Since the publication of his report, Lord Stern has been a very active advocate of the necessity to take action on climate change.
Receiving the award Lord Stern, who is Chair of the Grantham Research Institute on Climate Change and the Environment at LSE, said “It’s a tremendous honour to be given this award by the British Institute of Energy Economics. The Institute has played a leading role in public discussion of issues around energy and the economics of energy for a very long time. Indeed I think it has defined in many ways what a serious discussion on those issues should be”.
For further information and for a video of the acceptance speech of Professor Lord Nicholas Stern please visit the British Institute of Energy Economics website.
Latest QS rankings put LSE Economics at 3rd in the World
The latest QS World University Rankings has placed the LSE Economics Department in 3rd place globally, behind Harvard and MIT, confirming our reputation as the best place outside the US for research and study in economics and econometrics.
First compiled in 2004, the QS rankings are based on peer evaluation, and are considered to be one of most influential and widely observed international university rankings systems in the world. The QS assesses over 3,000 institutions to compile its rankings, using six indicators, four of which are based on “hard” data, and the remaining two on major global surveys (one of over 60,000 academics and another of nearly 30,000 employers), each of which is the largest survey of its kind.
Click on the News Archive to read the news of previous years.