Top Economics School of The World from AP Guru (2024)

The ever changing, expanding and dynamic field of economics requires expertise in order to make sense of the world's economy. And we all know how the economy of the world at this stage could make even weather forecasts look good.

In today’s feature, we help you choose a degree from the top-rated economics program worldwide that can lead to a high-level position with the government, a corporation or another important economic organization and also go ahead and save the world, figuratively.

If you have an analytical mind and enjoy working with numbers, identifying patterns, and understanding labour markets, then a Bachelor’s or Master’s degree in Economics might be ideal for you.

So, before we start our article I want you to have look at the John Maynard Keynes video on “Political theory” by The School of Life.

“John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns – and was the creator of both the IMF and the World Bank. His ideas continue to underpin a lot of the modern economic system”

The Top Economics Schools of The World

1. Harvard University, Massachusetts, USA

‍It is an Ivy League institution that lays emphasis on academic excellence and is choosy to ensure they pick the best applicants. Harvard Economics offers undergraduate and graduate programs. Getting admission to Harvard is tough. Out of over 600 applicants, the Harvard economics department admits 40-44 students.

With an acceptance rate of 5.3%, requirements include GRE scores ranged in the 97th percentile, an average GPA of 4.1 with A’s in all your classes to stand a chance to be accepted. And an AP or IB course too.

In the undergraduate program, students choose a principal concentration and a secondary domain.The graduate program aims to prepare students to become economic researchers so past experience in research is essential with a demonstration of expertise in math.

Harvard offers financial aid to students of all nationalities and the amount of aid is the same for all eligible students.

Noted alumni: Sylvia Plath, Nancy Reagan and Gloria Steinem

For more information: https://economics.harvard.edu/

2. California Institute of Technology, USA.

The Institute is a private, world-ranked research university and the Economics programs are conducted at the Division of Humanities and Social Sciences.

Your GPA should be 4.22 - which means you must be a class topper to be accepted. And with an acceptance rate of about 7%, getting into Caltech is no cakewalk.

Programs in economics range from undergraduate to Ph.D. levels. To be eligible to apply for the undergraduate program, applicants must complete 4 years of math, including calculus, 1 year of physics and chemistry, etc. in their secondary school.

Admission to the Ph.D. program is extremely competitive. Selection is based on a student’s substantiated commitment to research in social sciences and keenness to excel with hard work. Excellent GRE scores are essential. Caltech offers only need-based financial aid to undergraduates but you need to apply for it while seeking admission. Validated need for financial aid is usually met.

Ph.D. students can avail of stipends by way of fellowships and research and teaching assistantships for up to 5 years.

Noted alumni: Robert Barro, Gary W. Cox, and Arthur Lupia.

For more information: https://barnard.edu/

3. Oxford University

The Economics Department at the Oxford University provides a focus for a very diverse and internationally renowned group of academic economists, many of whom have made major recent contributions to modern economic analysis. Without a doubt, the Department is committed to excellence in teaching at the undergraduate and graduate level. And haven’t we all dreamt of going to Oxford to study.

For more information: http://www.economics.ox.ac.uk/

4. University of Toronto

Seems like Canada is actually good at something. The Department of Economics at the University of Toronto ranks among the top economics departments internationally. The teaching and research of its 65 faculty members span a wide range of fields and cover theory, applied data analysis, and econometric methodology and of course, great placements.

For more information: http://www.economics.utoronto.ca/

5. London School Of Economics

The Department of Economics at the LSE is one of the largest economics departments in the world, with over 50 faculty and 1000 students (hence more are your chances of getting in!) The size of the Department ensures that all mainstream areas of economics are strongly represented in research and teaching.

For more information: http://econ.lse.ac.uk/

6. Stanford University, California, USA

Stanford is often mistaken for being an Ivy League College because of its excellent academic stature and also because they are very discerning with applicants.

Getting into Stanford is really challenging - their acceptance rate is a low 3.9%. They are extremely selective in accepting applicants. To be accepted, your GPA has to be around 4.18 which means you must be a class topper.

Stanford School of Humanities and Sciences offers undergraduate and graduate programs in economics. The undergraduate program is devised to enable students to analyze current economic problems and be in a position to assess public policy with clarity. And the graduate program prepares students for an enriching career as research economists, university faculty and more. There are no merit-based scholarships available for undergraduates but financial assistance is available once it is validated.

Graduate students are given aid in the form of fellowships, research assistantships, and teaching assistantships to support them in their academic pursuits.

Noted alumni: Sandra Day O'Connor, John Elway, and Amitay Alter

For more information: https://economics.stanford.edu/

7. Massachusetts Institute of Technology, USA

The MIT Economics Department is dynamic with illustrious faculty – many of whom are Nobel Laureates. Naturally, it is extremely selective in taking students, in keeping with their reputation. The undergraduate program is very demanding and popular with 53 taking the course in 2016-17. Ph.D. students usually spend 5 years on campus – in graduate study and research.

The Undergraduate Research Opportunities Program gives students an opportunity to contribute to ongoing research and work closely with graduates and faculty.

Around twenty-four students sign up for the Ph.D. program in microeconomic theory, macroeconomics, and econometrics. The acceptance rate is about 8%. To stand a good chance of acceptance, you must be a class topper and have a cumulative GPA of 4.16 and graduate applicants must have at least a four-year bachelor’s degree. But it’s so competitive, a good GPA is no guarantee of acceptance.

MIT offers financial aid to all qualified students. Fellowships, scholarships and financial assistance are available in the graduate program.

Noted alumni: Esther Duflo, Amartya Sen, and George P. Shultz.

For more information: https://economics.mit.edu/

8. Princeton University, USA

Princeton is one of the eight Ivy League universities and students who pass out of the Department of Economics this reputed institution is highly regarded. The overall acceptance rate is about 7%. The average GRE verbal scores must be around 160. Considering the reputation of the institution, they are very selective and students must be exceptionally good.

To be eligible to apply for the undergraduate program, it’s imperative that students must have studied Microeconomics, Macroeconomics, and Statistics and Data Analysis for Economics or equivalent grades in AP or IB exams. All scores obviously need to be of a higher level. The graduate program comprises 20-25 students, selected from about 800 applicants. GRE scores are mandatory but a Master’s degree isn’t essential to apply for the Ph.D. program

Princeton offers need-based financial aid through grants which don’t need to be repaid. All Ph.D. students receive financial aid that covers tuition fees and an annual stipend for all five years of the program

Noted alumni: Gary Becker, Alan Blinder and David Card.

For more information: https://economics.princeton.edu/

9. Tilburg University

The Tilburg School of Economics andManagement is highly regarded for its economics program. School offers various English taught Bachelors’ and Master’s Programs which provide students with the skills society demands. Every year, the School welcomes 1.000 Bachelor students(Yay! More chances to get in). The career perspectives for each of their Programs are known to be excellent.

For more information: http://www.tilburguniversity.edu/about-tilburg-university/schools/economics-and-management/

On a closing note, Economics is a great career to step into with endless possibilities and tremendous scope. Plus, looking at the times around us, we need you guys to pull up your socks. Let me end with this hilarious quote by an economist that pretty much defines our country’s state.

‘Inflation is when you pay fifteen dollars for the ten-dollar haircut that you used to get for five dollars when you had hair.‘

10. University of Cambridge

The University of Cambridge is harmonious in history - its famous University buildings attract visitors from all over the world. But the University's museums and collections also hold many treasures which give an exciting insight into some of the scholarly activities, both past and present, of the University's academics and students.

The course provides a sound understanding of core, philosophical and applied economics. Although, while you study economics in depth in this specialised degree, you employ ideas and techniques from many other disciplines too; including history, sociology, mathematics, statistics, history, and politics. Therefore, graduates of Stanford are extremely well qualified for a wide range of jobs and further courses.

Noted Alumni: Edward VII of the United Kingdom, George VI of the United Kingdom and Sarojini Naidu,

For more information

https://www.undergraduate.study.cam.ac.uk/courses/economics

Top Economics School of The World from AP Guru (2024)

FAQs

What is the hardest AP class in high school? ›

Physics 1

This class combines physics, scientific inquiry, and algebra. AP Physics 1 is considered one of the hardest AP classes, covering topics like Newtonian mechanics and electrical charge and force. Students also spend about 25% of their class time performing college-level lab experiments and writing reports.

What AP exam has the highest pass rate? ›

After all, if not many students can pass an AP test, doesn't that mean it's one of the hardest tests? But when you look at the data, the exams with some of the highest passing rates (Spanish, Chinese, Physics C: Mechanics) are often considered among the hardest.

What is the easiest AP class in high school? ›

Easiest AP exams by pass rate
  • AP Art & Design: Drawing.
  • AP Art & Design: 2-D.
  • AP Calculus BC.
  • AP Chinese Language.
  • AP English Literature.
  • AP French Language.
  • AP Government & Politics.
  • AP Italian Language.
Jan 13, 2023

What is the hardest AP history class? ›

AP U.S. History

AP U.S. History is one of the hardest AP classes in the humanities and in general. U.S. History's reputation for difficulty doesn't scare many students away, though—it's the second-most popular AP class (456,520 students took it in 2022).

What is the most failed AP exam? ›

At many high schools, AP Physics is notorious for its difficulty level. In addition, it has the lowest overall pass rate of any AP exam.

What is the rarest AP class? ›

In 2021, the least popular AP exams were as follows, based on number of test-takers:
  • AP Italian (2,102 test-takers)
  • AP Japanese (2,204 test-takers)
  • AP German (4,315 test-takers)
  • AP 3-D Art and Design (4,573 test-takers)
  • AP Latin (4,889 test-takers)

Has anyone gotten a 100% on an AP Exam? ›

While it won't give you any more college credit or show up on your score report, a perfect score on an AP exam—that's full credit for all exam portions—is an impressive accomplishment. Only a very small number of students get perfect scores each year.

Is 5 APs too much senior year? ›

This is the big year for all levels of student.

Depending on what kind of school you want to go to, you should be taking between 3 and 5 AP® classes this year. You will need to manage your time well, however, as you also need to study for the SAT® or ACT® during this time.

Is a 70% a 5 on the AP Exam? ›

Usually, a 70 to 75 percent out of 100 translates to a 5. However, there are some exams that are exceptions to this rule of thumb. The AP Grades that are reported to students, high schools, colleges, and universities in July are on AP's five-point scale: 5: Extremely well qualified.

What is the hardest APs to self study for? ›

The Hardest AP Classes

Traditionally, courses like English Literature, Physics 1, and Chemistry are difficult to self-study for or complete at home because of the need for conversation and 1:1 instruction — like the lab element necessary to understand the science courses' material.

What is the least hardest AP class? ›

The hardest and most time-consuming AP exams are in the top-right corner. Physics C – E&M earns the top difficulty rating based on real student reviews. The easiest and least time-consuming are in the bottom-left corner. Computer Science Principles earns the easiest difficulty rating based on real student reviews.

How many AP classes should I take for Ivy League? ›

For students aiming for the Ivy League and Top 20 schools in the United States, a good target is to take (and pass) 10-14 AP classes throughout your high school career — or 3-4 each year.

Is AP or IB harder? ›

IB is more rigorous than AP because it requires higher grades than other classes do (i.e., A). This means that students who take IB won't necessarily be able to take as many classes at their local community college or state university—they'll need to apply for admission through another route first!

How many is too many AP classes? ›

Take as many as you can handle without spreading yourself thin, and make sure you will have time to study for the ACT or SAT this year. An Ivy League hopeful might take 3 to 5 AP classes, while if you're aiming for less-selective schools, 2 to 4 would be enough.

Are AP classes harder than honors? ›

AP classes, however, are more challenging than honors classes. These courses cover information, teach skills and give assignments that correspond to college classes. High school students taking AP courses will be held to the same standard as college students.

What is the lowest average AP Exam score? ›

The scores for AP exams are provided from a range of 1 to 5. Here the lowest score is one, while 5 is the highest or perfect score. Students who earn a score of 2 or below will not get any college credit or rewards. However, there are no fail or pass criteria for AP exams.

What happens if I fail an AP Exam but pass the class? ›

The good news is that a failed exam does not affect your GPA. In addition, you can retake the AP exam the next year. To prepare, you can re-enroll in the class, study on your own, or hire a tutor who can help you tackle the more challenging subjects on the test.

What percent of AP students fail? ›

All AP exams have a passing rate of at least 50%.

What is the most useful AP class? ›

Most Popular AP Courses
  • AP English Language and Composition.
  • AP United States History.
  • AP Psychology.
  • AP Calculus AB.
  • AP Spanish Language and Culture.

What is the most commonly taken AP class? ›

According to the College Board, AP English Language and Composition is the most popular AP class. This AP course was taken by 520,771 students in 2022. AP United States History, AP Psychology, AP Calculus AB, and AP Spanish Language and Culture follow after it respectively.

Is AP Economics hard? ›

As mentioned previously, AP Microeconomics course material was designed to mimic an introductory college-level course, so it will certainly be more difficult than a standard high school class. Students unfamiliar with economic topics — or how to work with data — may find it challenging.

What is a 75% on an AP test? ›

AP Scale Grading
If you got a percentage of...If you got a raw score of... (For FINAL EXAM)Your letter Grade will be...
87% or above94-108A+
75-86%81-94A
63-85%68-80A-
57-62%62-67B+
9 more rows

What is a 50% on an AP Exam? ›

Is a 50% a 5 on the AP Test? No, if you only answer 50% of the questions correctly on an AP test, you are extremely unlikely to score a 5. As an example, one of the hardest AP exams, AP Physics C: Mechanics, had a 55.6% cutoff to earn a 5 in 2022.

What if I get a 1 for AP score? ›

How Are AP Exams Scored?
AP Exam ScoreRecommendationCollege Grade Equivalent
4Very well qualifiedB, B+, A-
3QualifiedC, C+, B-
2Possibly qualifiedN/A
1No recommendationN/A
1 more row

Do colleges care how many APs you take? ›

Hardworking high school students are eager to make their college applications stand out, and AP classes are one way to impress college admission boards. While it would be easy if there were a set number of AP courses needed to guarantee a spot in a top college, the truth is there is no magic number.

How many APs is impressive? ›

To be competitive at some of the most highly selective colleges in the country, 8-12 AP courses may be the sweet spot amount, assuming the student can handle that level of rigor. There are no colleges out there that require you to take 14, 17, or some other obscene number of Advanced Placement offerings.

How many APs do you need for UC Berkeley? ›

Test Scores

Your goal should be to submit three AP or IB scores, with at least one related to the area you want to major in (so a math/science score if you want to be a biology major, a social science score if you want to major in history, etc.).

Are AP tests curved? ›

Yes, there's a curve on AP exams, especially in relation to the AP Physics C tests. They have a heavy curve, as can be seen by the scoring distributions. A large majority of the test takers pass the exam, and 50 percent score a 5.

What is a B+ in an AP class? ›

Honors English = B+ (3.8 x 1.0) = 3.8. Algebra II. = B+ (3.3 x 1.0) = 3.3. AP US History = B+ (4.3 x 1.0) = 4.3. Honors Chemistry = C+ (2.8 x 1.0) = 2.8.

Should I send a 3 AP score? ›

The first thing that you should do is check the AP Score credit policy for the colleges that you are applying to. If they will give you credit for the 3, then by all means report it! On the other hand, if they only give credit for a 5 on that exam (not even for a 4), you may want to hold off.

What is the easiest AP to take? ›

Psychology

AP Psychology maintains its reputation as an "easy" course due to its relatively uncomplicated course content. Students complete projects, tests, and quizzes throughout the year as they prepare for the exam.

Do colleges care if you self study AP? ›

Self-studying for and scoring well on AP exams shows that you have a deep understanding of college-level subject matter. This is especially impressive to college admissions officers, who are looking for students willing to push themselves and take on challenging coursework.

What is the second hardest AP class? ›

Environmental Science:

The second hardest AP class is environmental science, with a passing rate of 53.4%. This class is often known for students underestimating the course. It's 2 hours and 40 minutes exam with 80 MCQs and 3 free-response questions. It provides methodologies, concepts, scientific principles.

Are AP classes harder than university? ›

AP in-class sessions are rigorous, whereas college homework and other assignments demand more time. In both cases, time for self-study and time you spend on your classes vary. The workload is also more in both cases, from time to time.

Are late AP Exams harder? ›

Is the late AP exam difficult? No, it is set according to the same curriculum, it is just a different set of questions than the first exam. The late AP exam questions are different from the first test for security reasons.

How many AP classes do valedictorians take? ›

Additionally, starting with the class of 2027, students must take at least six advanced placement, dual enrollment or early college classes to be considered for valedictorian status.

How many APs does the average Harvard student take? ›

Be cautious of overloading your schedule: Harvard would rather see a high GPA with 4 AP courses each year than a low GPA and a daunting 8 AP courses. Consider your AP, honors, and regular options carefully each semester based upon your own self-knowledge, schedule flexibility, and course offerings.

How many APs does the average Stanford student take? ›

How many AP classes should you take? Students accepted to a top 10 school like Stanford typically complete between 8 to 12, but it's not uncommon for a student to have taken even more.

Does MIT prefer AP or IB? ›

While AP and IB classes allow you to take the end-of-course exams for college credit, MIT generally does not accept the credit from these tests. The school wants all of its incoming freshmen to start at MIT on equal footing. However, MIT does grant credit for specific AP tests on which you score a five.

Do Ivy Leagues prefer AP or IB? ›

Students who take IB classes in high school have higher acceptance rates into Ivy League schools, but this doesn't necessarily mean a higher acceptance rate than AP students; it just means that IB students have a higher acceptance rate than the general application pool.

What does Harvard prefer IB or AP? ›

Does Harvard prefer IB or AP courses? Harvard does not explicitly state a preference for IB or AP courses. To receive credit for IB classes, accepted students must earn an IB diploma. Incoming students must earn a score of 5 on at least four AP exams to earn college credit at Harvard.

Is 7 APs in one year too much? ›

Students looking to earn admission to highly selective colleges should take multiple AP classes to bolster their applications and demonstrate they can handle challenging coursework. Some college admissions experts recommend taking as many as 7-12 AP courses before applying to the most elite universities.

Is 4 APs too much sophom*ore year? ›

I recommend taking only 2 APs sophom*ore year, 4-5 Junior year, and 3 to 4 Senior year. That puts you in the 9-11 range which more than enough. Also keep in mind that if you apply to Brown with 12 APs, you've wasted your time since they give you ZERO AP credit.

How many AP courses do MIT students take? ›

There is no minimum or recommended number of AP courses. AP scores are not part of an admission formula.

Do colleges prefer AP or honors? ›

Colleges like them both. Both honors and AP courses are rigorous courses that most high schools weight more heavily on your transcript. AP courses, however, culminate in the AP Exam. Good AP scores show colleges you are ready to succeed at college-level work and can even earn you college credits.

Do AP classes boost your GPA? ›

GPA Weight

At many high schools, honors and AP classes both offer more heavily weighted training compared to regular classes. While honors courses usually add 0.5 points to your GPA, AP classes often add 1 point. In other words, a 3.5 GPA would be boosted to a 4.0 in an honors class and a 4.5 in an AP class.

Will one C affect college? ›

While receiving a “C” will impact your GPA, it will certainly not ruin it. That “C” won't ruin your chances of getting into college either.

What is the hardest class in high school? ›

  • Physics 1. As one of the hardest high school classes, this course includes not only algebra but also scientific inquiry and physics. ...
  • Environmental Science. ...
  • Chemistry. ...
  • U.S. Government and Politics. ...
  • U.S. History. ...
  • Human Geography. ...
  • European History. ...
  • Statistics.
Dec 17, 2022

Is AP chem or bio harder? ›

No, it's not! My research assures that neither AP chem nor AP bio is tougher than one other. But as AP chemistry is more application based, students who take this subject need to spend more study hours for this subject. The difficulty of an AP class is based on the student's interest and likeness to the subject.

What is the most failed course in high school? ›

Algebra I is the single most failed course in American high schools. Thirty-three percent of students in California, for example, took Algebra I at least twice during their high school careers. And students of color or those experiencing poverty are overrepresented in this group.

What is the most difficult high school in us? ›

The Most Challenging American High Schools
  1. International Academy*, Bloomfield Hills, Mich. ...
  2. Stanton College Prep*, Jacksonville, Fla. ...
  3. Paxon*, Jacksonville, Fla. ...
  4. Alabama School of Fine Arts, Birmingham. ...
  5. Jericho, N.Y. ...
  6. George Mason*, Falls Church, Va. ...
  7. Eastern Sierra Academy, Bridgeport, Calif. ...
  8. Myers Park*, Charlotte, N.C.

Which is the hardest degree in the world? ›

What are the hardest degrees in the world? Ranked by Experts
  • Chartered Accountancy.
  • Astrophysics.
  • Quantum Mechanics.
  • Law.
  • Aerospace/ Aeronautical Studies, Engineering.
  • Biomedical Studies, Neurosciences, Biochemistry.
  • Nursing.
  • Dentistry, Medicine.
Dec 16, 2022

How many aps do ivy leagues want? ›

For students aiming for the Ivy League and Top 20 schools in the United States, a good target is to take (and pass) 10-14 AP classes throughout your high school career — or 3-4 each year.

Is apes harder than AP Bio? ›

AP Bio is slightly harder than APES, but will look better on your transcript if you only plan on taking one science AP.

How many AP classes should I take for Harvard? ›

Be cautious of overloading your schedule: Harvard would rather see a high GPA with 4 AP courses each year than a low GPA and a daunting 8 AP courses. Consider your AP, honors, and regular options carefully each semester based upon your own self-knowledge, schedule flexibility, and course offerings.

Is 5 aps too much senior year? ›

This is the big year for all levels of student.

Depending on what kind of school you want to go to, you should be taking between 3 and 5 AP® classes this year. You will need to manage your time well, however, as you also need to study for the SAT® or ACT® during this time.

Is it OK to only take 3 AP classes? ›

Take as many as you can handle without spreading yourself thin, and make sure you will have time to study for the ACT or SAT this year. An Ivy League hopeful might take 3 to 5 AP classes, while if you're aiming for less-selective schools, 2 to 4 would be enough.

Is AP econ easy? ›

As mentioned previously, AP Microeconomics course material was designed to mimic an introductory college-level course, so it will certainly be more difficult than a standard high school class. Students unfamiliar with economic topics — or how to work with data — may find it challenging.

What is the hardest aps to self study for? ›

The Hardest AP Classes

Traditionally, courses like English Literature, Physics 1, and Chemistry are difficult to self-study for or complete at home because of the need for conversation and 1:1 instruction — like the lab element necessary to understand the science courses' material.

What is the most AP classes ever taken? ›

The record for the most Advanced Placement tests ever taken is 30 — AP scholar Justin Zhu even earned the highest score possible on 26 of the 30 tests he took. Is it a good idea to encourage your child to break Justin's record? Absolutely not.

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