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Thread: US News and World Report 2017 Economics Rankings

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    US News and World Report 2017 Economics Rankings

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    Looks like USNWR has updated their rankings for the first time since 2013. While no ranking system is perfect, and USNWR certainly has its flaws, they do seem to form the jumping-off point from which most people base their internal rankings. As such, this update may warrant a discussion here, particularly considering the infrequency with which these are released.

    What do you all think? Personally I'm surprised to see a six-way tie at #1, to start.

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    Re: US News and World Report 2017 Economics Rankings

    Did a little digging...

    School 2009 rank 2013 rank 09 to 13 change 2017 rank 13 to 17 change
    Chicago 1 1 0 7 -6
    Harvard 1 1 0 1 0
    MIT 1 1 0 1 0
    Princeton 1 1 0 1 0
    Stanford 5 5 0 1 4
    UC-Berkeley 6 5 1 1 4
    Northwestern 8 7 1 7 0
    Yale 6 7 -1 1 6
    Penn 9 9 0 10 -1
    Columbia 10 10 0 9 1
    Minnesota 10 11 -1 16 -5
    NYU 12 11 1 11 0
    Michigan 12 13 -1 12 1
    Wisconsin 14 13 1 12 1
    UCLA 14 15 -1 12 3
    UCSD 14 15 -1 12 3
    Caltech 14 15 -1
    Cornell 18 18 0 16 2
    CMU 19 19 0 20 -1
    Brown 19 19 0 19 0
    Duke 19 19 0 16 3
    Maryland 22 22 0 21 1
    Rochester 22 22 0 21 1
    BU 24 24 0 23 1
    JHU 25 24 1 23 1
    Texas 25 26 -1 27 -1
    OSU 28 27 1 29 -2
    Wash U 28 27 1 27 0
    Penn State 27 27 0 25 2
    Virginia 28 30 -2 29 1
    Michigan State 31 30 1 29 1
    UIUC 31 32 -1 29 3
    UC-Davis 34 32 2 29 3
    UNC Chapel Hill 34 32 2 29 3
    BC 31 32 -1 25 7
    ASU 39 36 3 42 -6
    Arizona 39 36 3 42 -6
    Pitt 39 36 3 39 -3
    Vanderbilt 34 36 -2 35 1
    Iowa 34 40 -6 42 -2
    Washington 34 40 -6 35 5
    Purdue 42 42 0 42 0
    Texas A&M 42 42 0 39 3
    Indiana U 46 42 4 39 3
    UC-Santa Barbara 42 42 0 37 5
    Georgetown 46 46 0 50 -4
    UC-Irvine 42 46 -4 47 -1
    Florida 48 48 0 55 -7
    NC State 50 48 2 55 -7
    Rutgers 50 48 2 47 1
    Rice 48 48 0 42 6
    USC 50 48 2 37 11
    Colorado-Boulder 50 53 -3 50 3
    Syracuse 54 53 1 50 3
    Iowa State 54 55 -1 53 2
    Oregon 59 56 3 59 -3
    Notre Dame 65 56 9 47 9
    Claremont 65 58 7 90 -32
    Kentucky 56 58 -2 68 -10
    GWU 59 58 1 63 -5
    Stony Brook 59 58 1 63 -5
    Virginia Tech 56 58 -2 59 -1
    UC-Santa Cruz 65 58 7 53 5
    GMU 59 64 -5 78 -14
    CUNY 59 64 -5 68 -4
    Illinois-Chicago 65 64 1 68 -4
    Emory 56 64 -8 63 1
    UC-Riverside 72 64 8 63 1
    FSU 59 64 -5 59 5
    Georgia 65 64 1 55 9
    SMU 72 64 8 55 9
    Houston 72 72 0 78 -6
    Brandeis 65 72 -7 72 0
    Missouri 72 72 0 63 9
    Georgia State 65 72 -7 59 13
    Albany-SUNY 72 76 -4 90 -14
    Connecticut 79 76 3 78 -2
    Kansas 72 76 -4 72 4
    Clemson 79 76 3 72 4
    Wyoming 79 76 3 68 8
    Washington State 72 78
    Buffalo 79 90
    Alabama 79 90

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    Re: US News and World Report 2017 Economics Rankings

    Largest changes

    School Move
    Georgia State 13
    USC 11
    Georgia 9
    Notre Dame 9
    SMU 9
    Missouri 9
    Wyoming 8
    BC 7
    Yale 6
    Rice 6
    Washington 5
    UC-Santa Barbara 5
    FSU 5
    UC-Santa Cruz 5
    Stanford 4
    UC-Berkeley 4
    Kansas 4
    Clemson 4

    Claremont -32
    George Mason -14
    SUNY Albany -14
    Kentucky -10
    Florida -7
    NC State -7
    Chicago -6
    ASU -6
    Arizona -6
    Houston -6
    Minnesota -5
    George Washington -5
    Stony Brook -5
    Georgetown -5
    CUNY -4
    Illinois-Chicago -4

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    Re: US News and World Report 2017 Economics Rankings

    I think top10 is quite reasonable and close to the ranking in my mind.

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    Re: US News and World Report 2017 Economics Rankings

    So Chicago econ was somehow ranked #1 along with H/M/P for nearly ten of their weakest years in history, and now that they actually have a ton of funding and new hires, they're #7?

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    Re: US News and World Report 2017 Economics Rankings

    Programs with +3 or -3 are not that significant. Programs with +5 are doing very well.

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    Re: US News and World Report 2017 Economics Rankings

    Quote Originally Posted by Jayd View Post
    Programs with +3 or -3 are not that significant. Programs with +5 are doing very well.
    I'm 100% sure the rankings are made from trolling on Econ job rumors. The survey hardly every gets >20% response rate which is painfully low. The questionarre is "what do you think of x school on a scale from 1 to 5. So I'd take the rankings with a grain of salt.

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    Re: US News and World Report 2017 Economics Rankings

    They updated them every 4 year: 2009, 2013, and 2017. I think they conducted survey between 2013-2016 and use those data to publish ranking. That's probably the reason why Chicago falls down to 7 because List's new policy on admission was in effect around 2016.

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    Re: US News and World Report 2017 Economics Rankings

    If that really is the case, mostly likely that's how it has always been, even when say chicago was no. 1. Unless you have any reason to believe survey responses were much higher before. These are still far more reliable than alternatives like ideas which puts places like cornell, duke, maryland below usc, vanderbilt and bc for instance.
    Quote Originally Posted by JoeShmoe View Post
    I'm 100% sure the rankings are made from trolling on Econ job rumors. The survey hardly every gets >20% response rate which is painfully low. The questionarre is "what do you think of x school on a scale from 1 to 5. So I'd take the rankings with a grain of salt.

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    Re: US News and World Report 2017 Economics Rankings

    Apologies for digressing, but can anyone tell me what is the general consensus regarding the most trustworthy ranking methodologies these days ?

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