in_limbo

My apologies- I misunderstood your earlier post. Still, I do think a) is a better idea given that he is an academic and well known. Plus, if you get in touch and remind him of your performance in his class, a letter saying that you performed well in a graduate class along with two others who know you well sounds a pretty good combination :)

I agree with Nanashi. Having two letters from people who aren't economists may not be very helpful and considering you have 2 solid letters, a) might compliment them very well..

I'm not so sure that's what Krugman meant He says "It’s a fresh-water phenomenon; salt-water macro isn’t subject to the same problem." Saltwater macro (NK) is also based on DSGE...

I completely agree with greeneggs. At the end of the day, it's important to think about what the purpose of Krugman's article was. There was nothing of real substance and the claim in there was not justified with any evidence whatsoever. The fact is (and for while now) Krugman has demonstrated that he doesn't really understand modern macro and neither does he make much of an effort to do so. I would argue if anything that there seems to be an epistemic closure in Krugmanonimcs. Teaching RBC or NK models is not like teaching two ideas that are at completely different ends of the macro spectrum. They are both applications of the same theory namely DSGE. And it's not like you walk into first year macro at Minnesota or Chicago and are bombarded with RBC stuff. In fact much of the first year is about learning the tools required to study either and its only later that you encounter applications- RBC or NK. Further as greeneggs said, they do teach NK models at Minnesota so clearly either Krugman is just blatantly wrong or lying to propagate his hyper-liberal point of view.

That will be helpful- thanks treble!

which of these do you folks think is a better book for graduate analysis (measure theory)- Folland or Royden?

congrats dsdoodle! Look forward to meeting you in the fall :)

Be careful about who you get your rec letters from- one math professor might be fine, but you should definitely get solid letters from Economists, preferably who you've done some research for.

But this doesn't include summer appointments for years 2-5 right? So it could be higher?

yeah!, we're going to have an awesome incoming class :)

Well some schools have a separate form for fall grades and so I imagine they would probably look at them. For the others, if you email the grad secretary and she replies saying that it's been added to your file, there may be a good chance that the adcoms looks at it. Overall, its an iffy process and so like kimbanator I would suggest having the crucial ones done early.

I agree with Gecko- Michigan is a great place for applied micro

PROFILE: Type of Undergrad: B.A. Econ and Math from a top U.S public with a good Econ PhD program Undergrad GPA: 3.7 Type of Grad: NA Grad GPA: NA GRE: 800Q, 640V, 4.5AWA Math Courses(undergrad): Calculus(I-III), Linear Algebra, Diff eq, Discrete, Analysis, Abstract Algebra, Chaotic Dynamical systems, Probability, Topology Math Courses(grad): Analysis, Measure Theory Econ Courses(undergrad): standard, including Econometrics and Advanced Macro Econ Courses (grad): Quant Methods, Macro I and II. Letters of Recommendation: 2 Econ, 1 Math. Did some good RA work for one of them Research Experience: RA for about a year and currently doing an honors thesis Teaching Experience: Principles, Intermediate Micro Research Interests: Macro theory and public finance statement of purpose: pretty standard RESULTS: Acceptances: Minnesota($$), LSE-EME(no$) Waitlists: UCLA (Withdrawn) Rejections: MIT, Harvard, Princeton, Berkeley, Stanford, Columbia, Penn, NYU, Northwestern Attending: Minnesota What would you have done differently? I am extremely happy with my outcome. Minnesota was always a top choice for me given my research interests and I probably would have chosen to go there over most of the other schools I applied to. That being said, in retrospect it was probably a good idea to apply to some safeties given the tough admissions season. Also, my grades in some classes weren't stellar which is probably why I was rejected at many of the other top places. My advice to those applying in the future is to really concentrate on getting As in important math classes. The margin for error is minimal and the difference between a B+ and an A is larger than you might think. I think its also extremely helpful to have a good idea of what you might want to study as you can then apply to schools that may not be top 5 overall by have fantastic programs in your chosen field. However, the most important part of your application are your recommendation letters and these can very often make up for other parts that are lacking.

definitely Penn- might I add that Krueger and Greenwood are also there

respect!

I wanted to offer some thoughts. Firstly, the flyout was absolutely amazing. They spent a tremendous amount of time planning the weekend and making sure prospective students could really get an accurate feel about the program. The program is very very good. They were honest about their strengths which are Macro and IO. Honestly, they probably have one of the best macro theory groups and around and if that's what you are interested in- it's the place. Students and faculty were wonderfully friendly and happy too. The first is year is brutal but because everyone is guaranteed funding people work together making the whole process a lot easier. The attrition rate is very low- they were saying that no one really gets kicked out even if you fail prelims multiple times. As long as your working hard and doing whats expected of you in terms of TA duties they will give you chances to pass. The two things that set the program apart academically are the workshop system and the relationship with the Fed. Students on the job market this year stressed the importance of the former saying that they were prepared for anything thrown at them (the workshops can get pretty intense). As for the Fed, a large number of people for the 3rd year upwards are RAs there and it really does attract a lot of great visitors. Further the economists there all teach at the university and advise students. The placements have been consistently good. Even given the horrific market this year, people managed to find good (some fantastic) academic jobs. I'd be happy to share some more thoughts with any that are interested- just PM me. Hope that was somewhat helpful for those considering it given the looming deadline. good luck!

I should have been more specific- my interests do lie in intersection of macro theory and public finance (Ramsey taxation and such) and DSGE models which might explain my previous post better. Your right though, both Berkeley and Princeton do have great macroeconomists but as far as I can tell folks like DeLong and Blinder haven't been doing much in the area of theory recently (they definitely have in the past)- I could be wrong though! I had forgotten that Kehoe had recently moved and he's obviously very good. Sims is fantastic as well. Again, none of these places are weak in any field of Economics, it's just that Yale and NWU align better with my interests.

firstly congratulations on these great admits! Honestly, you cant go wrong with any of these Here's how I would go about it. I'm interested in macro(particularly theory) and so I would eliminate Berkeley and Princeton. Now we're down to NWU NYU and Yale. Personally, I wouldn't want to live in NY so that's out. So its a toss up between Yale and NWU. NWU definitely has some great macro people but Yale has made some fantastic hires recently (Gosolov and Tsyvinski) and they really do have a generous stipend. Both have had great placements. And so from here, after visiting I would go with my gut. hope that helps some :)

congrats walt!

do you happen to know where?

Minnesota's is this weekend

I don't think general overall rankings tell you a whole lot IMHO unless they are flyout rankings or such. I find it more meaningful to compare the department's strengths in particular disciplines like macro or metrics or IO. That way even if you debating between studying two different areas, you can look at schools that reasonably good at both rather than picking a higher overall ranked program that is weak in those areas.

untitled, does the column indicate top 35 placements or just the number of flyouts received? this is an absolutely wonderful resource, thank you!

I completely agree with the poster above- definitely try and take analysis 3

brendan benson