New Economic School, NES (in Russia known as the “Russian Economic School” — Российская экономическая школа, РЭШ) is a graduate school of economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 in Moscow

Moscow

Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

.

Alumni and students

As of October 2010, 800 young economists hold Masters of Arts in Economics degree from the New Economic School and 60 students have graduated from the Masters in Finance program. More than 500 are working in Russia, including 440 in the private sector

Private sector

In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...

, mostly in international companies, investment banks

Investment banking

An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

, and consulting. 280 NES graduates went to continue their studies in PhD programs (such as Harvard University

Harvard University

Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

, the Massachusetts Institute of Technology

Massachusetts Institute of Technology

The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

, the University of Chicago

University of Chicago

The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

, Stanford University

Stanford University

The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

, Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

, Northwestern University

Northwestern University

Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....

, Columbia University

Columbia University

Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...

, New York University

New York University

New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...

, the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

, the London Business School

London Business School

London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...

, and the University of Toulouse

University of Toulouse

The Université de Toulouse is a consortium of French universities, grandes écoles and other institutions of higher education and research, named after one of the earliest universities established in Europe in 1229, and including the successor universities to that earlier university...

).

More than 60 PhDs work as economics faculty in foreign universities: MIT, Princeton University

Princeton University

Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

, Stanford, Yale, the University of California, Berkeley

University of California, Berkeley

The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...

, Columbia, UPenn, NYU, LSE, LBS and others, in the World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 and the International Monetary Fund

International Monetary Fund

The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

; 21 PhDs came back to Russia.

Most students have their first degree in mathematics, physics, or economics, with 40% from the Lomonosov Moscow State University, another 20% from the Moscow Institute of Physics and Technology, and 10% from the Novosibirsk State University

Novosibirsk State University

Novosibirsk State University was founded in May 1959 in the USSR by Soviet academicians Mikhail Alekseevich Lavrentiev, Sergei Lvovich Sobolev and Sergey Alekseyevich Khristianovich in a program of establishing a Siberian branch of the USSR Academy of Sciences...

. 30% are female and more than a half comes from outside of Moscow, many being citizens of other countries in the Commonwealth of Independent States

Commonwealth of Independent States

The Commonwealth of Independent States is a regional organization whose participating countries are former Soviet Republics, formed during the breakup of the Soviet Union....

.

Faculty and research

The core of NES is the resident faculty of 22 young Russian economists with PhDs in economics and finance from the leading universities, including Harvard, MIT, London Business School

London Business School

London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...

, the University of Michigan

University of Michigan

The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...

, and the University of Wisconsin–Madison

University of Wisconsin–Madison

The University of Wisconsin–Madison is a public research university located in Madison, Wisconsin, United States. Founded in 1848, UW–Madison is the flagship campus of the University of Wisconsin System. It became a land-grant institution in 1866...

.

These faculty members represent Russian economics in the global economics profession by participating in the international conferences and publishing in the leading international economics journals, including Econometrica

Econometrica

Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...

, The American Economic Review, the Quarterly Journal of Economics

Quarterly Journal of Economics

The Quarterly Journal of Economics, or QJE, is a peer-reviewed academic journal published by the Oxford University Press and edited at Harvard University's Department of Economics. Its current editors are Robert J. Barro, Elhanan Helpman and Lawrence F. Katz...

, the Review of Economic Studies

Review of Economic Studies

The Review of Economic Studies is a peer-reviewed academic journal in economics. It was established in 1933 and is published by Wiley-Blackwell. It is the eighth-ranked economics journal in overall impact according to the ranking of Kalaitzidakis et al...

, the Journal of Economic Perspectives

Journal of Economic Perspectives

The Journal of Economic Perspectives is an economic journal published by the American Economic Association. The journal is very broad in its scope...

, the Journal of Economic Literature

Journal of Economic Literature

The Journal of Economic Literature is a peer-reviewed academic journal on economy published by the American Economic Association. It was established in 1963 as the Journal of Economic Abstracts. As a review journal, it mainly features essays and reviews of recent economic theories...

, the Journal of the European Economic Association

European Economic Association

The European Economic Association is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna, Austria...

, the Journal of Finance

Journal of Finance

The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. Its current editors are Campbell R. Harvey and John R. Graham...

, the Journal of Business, and the American Political Science Review

American Political Science Review

The American Political Science Review is the flagship publication of the American Political Science Association and is the most prestigious journal in political science according to the ISI 2004 Journal Citation Report...

.

NES faculty carries out academic and applied research on the major problems of the Russian economy at the Center for Economic and Financial Research at NES. CEFIR at NES is 14th in the world research ranking of the economic think tank

Think tank

A think tank is an organization that conducts research and engages in advocacy in areas such as social policy, political strategy, economics, military, and technology issues. Most think tanks are non-profit organizations, which some countries such as the United States and Canada provide with tax...

s.