With respect to the waitlist, there will certainly be some action there, but I wouldn't expect a ton. I don't know the exact probability, of course.
I would definitely characterize the faculty as young, and we've got one confirmed new AP this year and offers out on a second and quite possibly a third. I also agree that the instruction is very technical across the board, especially in game theory and macro.
However, I would characterize the strengths as macro and labor/applied micro, unless you like what William Thomson does. Econometrics is definitely not a strength, very few students here do econometrics. Micro theory is okay - Thomson as mentioned, and a few young game theorists. The macro activities - student lunch, seminars - definitely get the most traffic, both from students and faculty.
I think our placements are pretty good. We have pretty small class sizes so they're noisy from year to year. I'm not up on the comparisons, but I think we do well, especially if you want an academic placement. Ryan Michaels is coming from Michigan, can't say more than that.
I think the atmosphere is decent, but I don't want to say anything too strong because I haven't been a student anywhere else. I've played soccer and basketball with the profs, I know what television shows Bils and Chang like, and a lot of office doors are open. The student social life is very heterogeneous and I attribute that to preferences - many people here are perfectly happy working eighty hours a week and not much else, but I personally have to go get somewhat more than tipsy every so often with people from the department. What discontent I hear stems from the weather and the city, not the department. Rochester is not a cultural mecca, unless you really, really like classical music and jazz.
I also received a letter with a waitlist decision and a rejection 2 hours later... I emailed them and they told me that the rejection was a misteake... Does anyone have any news on the waitlist??? I emailed them last week and they told me that we could get some news by the end of March.
I don't understand the deal with Rochester. I declined their offer on 5th March and they never replied me back acknowledging that, every other university I declined an offer from has sent e-mail acknowledging it and asking the reason for doing so, also asking where I'm going ans so on... but rochester, not a mail saying "thank you for your early decision". I never got a hard-copy of my offer from rochester, while other univs sent it anyway (even after I declined, or maybe they had posted it before I declined and I received later), anyway, so they did register the fact that I've declined and hence did not send me the offer in snail-mail.
It's not really a big thing, and doesn't matter to me at all since I don't intend to join. But it would be nice to know that there's someone at the other end....
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