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About the Program

About the Program
The Levy Economics Institute Master of Science in Economic Theory and Policy is part of a long history of curricular innovation at Bard College, an institution known for breaking the barriers between secondary, postsecondary, and graduate education. The two-year research-intensive program draws on the expertise of Levy Institute scholars and select Bard College faculty, and builds on the work of the late Levy Institute Distinguished Scholars Hyman P. Minsky (financial fragility and financial structure) and Wynne Godley (stock-flow consistent macromodeling).

What Makes Our Program Unique?

Integrated Curriculum

Integrated Curriculum

The M.S. in Economic Theory and Policy integrates the research enterprises of the Levy Institute into the academic life of the College. Students in the program—to an extent rare even in graduate programs at major research universities—experience their education as a practicum due to the close links between the Institute’s research agenda and the program’s core curriculum.
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High Faculty-Student Ratio

High Faculty-Student Ratio

The small class sizes of the M.S. program create an environment of active learning, allowing students to participate in every discussion and to develop close working relationships with faculty. Resident scholars teaching in the M.S. program are extremely accessible, and consider themselves mentors as well as teachers.
Research Practicum

Research Practicum

Students in the M.S. program not only take part in courses teaching advanced economics and econometric and financial research but also receive hands-on training as they work with Levy Institute scholars and professors on active research projects. This research practicum equips students with the necessary training, knowledge, and experience to produce their own thesis.
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Dual-Degree Option

Dual-Degree Option

The M.S. program also offers a 3+2 dual-degree option for undergraduates, leading to both a liberal arts degree (B.A.) and a professional degree (M.S.) in five years. The 3+2 option allows highly qualified and motivated students to complete a graduate degree in less time.
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Webinars

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About the Director

About the Director
The Levy Economics Institute Master of Science in Economic Theory and Policy Program is directed by Jan Kregel.

An eminent post-Keynesian economist, Kregel previously directed the Policy Analysis and Development Branch of the UN Financing for Development Office and was deputy secretary of the UN Committee of Experts on International Cooperation in Tax Matters.

The Levy Institute has published 1714 research publications to date.

Levy Publications

Fernando J. Cardim de Carvalho, February 2017

Flavia Dantas, L. Randall Wray, February 2017

Flavia Dantas, L. Randall Wray, February 2017