The Department of Economics has risen to national prominence in recent years by attracting internationally renowned scholars to its faculty and by carefully selecting its student body. Different tracks are provided for students with varying career interests. The Ph.D. program equips its graduates with modern economic techniques, enabling them to take leadership positions in economic research in the academic, business, and government worlds. We believe that we can offer students an outstanding intellectual environment. Seven members of our department are Fellows of the Econmetric Society. Many currently serve or have served on the editorial boards of major journals, including the AER, Econometrica, the Review of Economic Studies, and the Journal of Economic Theory. Perhaps most significant, our department was recently ranked sixth in terms of pages published in major journals. (The updated Dusansky-Vernon (1992) Journal of Economic Literature study, which ranked departments in terms of the publications of their faculty in top-five rated journals). Each year, the C.V. Starr Center, which is part of the department of economics, sponsors four research seminars in Microeconomics and Game Theory, in Macroeconomics, in International Trade and Finance, and in Applied Microeconomics and econometrics. These seminars give both faculty and students the opportunity to hear prominent researchers in these fields discuss their current research. In addition to the regular research seminars, the Center sponsors a major research conference at least once each year. At these events, selected scholars from all over the world meet for two days to discuss the latest research in areas of current interest. Recent conferences have focussed on technologies and skills; productivity, finance and real activity; and political economy.