The PhD Program in Managerial Economics & Strategy (MECS), offered jointly by the Managerial Economics & Decision Sciences Department (MEDS) and Strategy Department, emphasizes the use of mathematical models and analytic reasoning to solve theoretical and empirical problems in economics and strategy. The program should appeal to those interested in economic models of individual decision makers and firms, and to students with an aptitude for analytical thinking, mathematical modeling, and formal analysis. A distinctive feature of the program is its strong emphasis on methods and insights drawn from microeconomic theory. The program prepares students for academic research careers in economics, economics-based strategy, and political economy.
The MEDS faculty consists of economic theorists, game and decision theorists, operations researchers and formal political theorists, whose broad research interests include the nature and impact of strategic behavior in competitive environments, dynamic economic models, the role of time and uncertainty in economic decision-making, the theory of auctions, and more.
The Strategy faculty consists of applied microeconomists whose broad research interests include industrial organization, the economics of organizations, the economics of healthcare, innovation and entrepreneurship, law and economics, pricing, and more. In addition to the faculty of our two departments, many faculty from the Northwestern University Department of Economics – particularly those in the areas of economic theory and industrial organization, are also actively involved in teaching and advising our doctoral students.