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Microeconomics Faculty

At Booth, our faculty often incorporate emerging topics and their own research into their classes. These courses begin with fundamental business courses in microeconomics such as Price Theory I, and expand into courses including Managing the Workplace, the Firm and the Non-Market Environment, and Business in Historical Perspective.

Discover more about our microeconomics faculty, including the classes they teach, below.

Featured Research in Chicago Booth Review

Discover some of the latest research from our microeconomics professors.

Marianne Bertrand speaking at Economic Outlook

Awards and Honors

“I find it most interesting to push the boundaries of economics. I am convinced that satisfactory answers to many of the questions that interest me cannot be provided by solely looking at market incentives or restricting the human decision-making process to strict rationality assumptions.”

Marianne Bertrand, speaking about her research on inequality and discrimination for which she was the first recipient of the Jan Söderberg Family Prize in Economics and Management.

Learn More about Her Award

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Research with Impact

“What we found is something that we’re finding again and again in all of our A.I. work, that every time you see that an algorithm has done something really bad, there’s no engineering error. That’s very, very different than the traditional bugs in code that you’re used to.”

Much of Sendhil Mullainathan’s recent research examines the social impact of artificial intelligence—including, in one instance, documenting how an algorithm used widely by health-care organizations resulted in racially biased outcomes. His research could have profound implications for the design, application, and regulation of algorithms.

Explore His Research

Our MBA Concentrations in This Area

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Study economics with the scholars whose insights and analyses have reshaped the face of business, markets, and the global economy.

Our PhD Dissertation Areas in This Area

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Chicago Booth is renowned for economics faculty whose insights and analyses have changed the course of modern-day research in the field.

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Microeconomics Faculty In the News

Would Biden’s Tax Plan Help or Hurt a Weak Economy?
October 18, 2020 | New York Times
Economists advising President Biden’s campaign from the outside, including Booth’s Austan D. Goolsbee, say they remain confident that his agenda will promote growth—and that Mr. Biden should not wait, if elected, to raise taxes on corporations and the rich.

Election 2020: Why Leaders Will Benefit from Max Turnout . . . And How They’re Winning the Employee Vote
September 18, 2020 | Forbes
Research from Chicago Booth finds that residents of predominantly Black neighborhoods waited 29 percent longer to vote in the 2016 presidential election than those in white neighborhoods. Booth’s Sendhil Mullainathan suggests that lost time is the modern equivalent of a poll tax.

After the Coronavirus Pandemic, Here’s How the UK Can Solve Its Looming Productivity Crisis
August 03, 2020 | Independent
Without taking steps to address the problems now, the United Kingdom risks sleepwalking its way into a further productivity slide in the midst of an economic crisis, says Booth’s Chad Syverson.

Partnering across the University of Chicago and Beyond

Our microeconomics faculty members regularly contribute to centers and initiatives outside of Booth. From professor Austan D. Goolsbee’s work moderating discussions on politics with the University of Chicago’s Institute of Politics to professor Marianne Bertrand’s work with the UChicago Urban Labs, our faculty are dedicated to fulfilling the broader mission of the University of Chicago.

The majority of our microeconomics professors are affiliated scholars with the National Bureau of Economic Research.

Research Spotlight

“Dust Bowl Migrants: Identifying an Archetype”
Richard Hornbeck

“Quantifying Information and Uncertainty”
Emir Kamenica and Alexander P. Frankel

“Across-Country Wage Compression in Multinationals”
Heather Sarsons, with coauthors Jonas Hjort (Columbia University), and Xuan Li (Hong Kong University of Science and Technology)

Research Centers in This Area

Research centers across Booth and the University of Chicago are hubs for innovation and world-changing research. The centers provide our faculty with research support, and our faculty members lend their expertise to the centers, enriching the student experience and the broader academic community at Booth.

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Becker Friedman Institute for Economics

Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute for Economics fosters novel insights on the world’s most difficult economic problems.

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Rustandy Center for Social Sector Innovation

As Booth’s social impact hub, the center offers hands-on learning opportunities, supports innovative courses, and pursues research—all with the goal of developing people and practices with the potential to solve the world’s biggest problems.

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Center for Research in Security Prices, LLC

An affiliate of Chicago Booth, CRSP, LLC is the leading provider of historical stock market data for researchers. The center has long been an integral part of the academic and commercial world of financial and economic research.

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Initiative on Global Markets

IGM organizes Booth faculty efforts to influence public policy and the practice of business around the world. By hosting expert panels, visiting thought leaders, and conferences, IGM raises the impact of Booth research.

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Center for Applied Artificial Intelligence

This center supports researchers from across Booth and UChicago in making revolutionary advances in the applications of A.I. Their work touches fields as diverse as finance, health care, public policy, education, and behavioral science.