Levy Economics Institute Master of Science
in Economic Theory and Policy


The M.S. in Economic Theory and Policy degree program is offered at the main campus of Bard College in Annandale-on-Hudson, New York, located on the eastern shore of the Hudson River only 90 miles north of New York City. Students have full access to the College’s extensive facilities, including its state-of-the-art library and computer labs, as well as the library, archive, and reading rooms at Blithewood, the 19th-century riverfront mansion that houses the Institute’s main research and conference facilities.


Students have access to two libraries, the primary of which is the library of the Levy Economics Institute. The Levy Library boasts over 10,000 print volumes dedicated to economics, finance, and policy. The collection also includes the archives of the collected papers of Hyman Minsky and Wynne Godley, providing invaluable support for students in the M.S. program. The Institute also subscribes to over 10,000 journals, with the great majority available online, and also to proprietary international financial statistics and subscription historical statistics. Graduate students also have access to software packages with dedicated servers, including STATA, SAS, and E-Views, offering computing power and speed.

Students also take advantage of the Charles P. Stevenson, Jr. Library at Bard College, with 280,000 volumes and access to more than 4,000 journals in print and online (including EBSCOhost Premier and EconLit). The Stevenson Library provides physical and online access to a wide variety of journals related to business, economics, policy, and international politics. Bard faculty members have the privilege of recommending books for the permanent collection so that current holdings can be kept up to date. Volumes not held in our library are available through Connect NY, a 14-member interlibrary loan consortium, to faculty and students with access to the library.

Both libraries are physically located in Annandale-on-Hudson; however, online access is increasingly expansive in its offerings. Furthermore, students can work with library staff and research librarians for special requests and projects.

Summer Seminars

The Institute has already adapted some of its research to the classroom through its intensive summer seminar, an annual program thematically centered on the groundbreaking research of the late Levy Distinguished Scholars Hyman Minsky (financial fragility and financial structure) and Wynne Godley (stock-flow consistent macromodeling).