91³Ô¹ÏÍø

Academic Areas Microeconomics Faculty and Research

The microeconomics faculty at 91³Ô¹ÏÍø are shaping the understanding of modern economic theory and practice with an enduring global impact.

Their research spans a broad spectrum that includes powerful insights from basic interactions between supply and demand, along with insights from information economics and mechanism design. Combining theory and data, their empirical research explores inequality and taxes along with the impacts of productivity growth. Our faculty are on the cutting edge of helping to understand today’s most pressing economic issues.

Microeconomics faculty at Booth have played key roles in government and advised world leaders. Austan D. Goolsbee, for instance, served in Washington as the chairman of the Council of Economic Advisers and a member of President Obama’s cabinet.

Our faculty regularly publish in the world’s leading economics journals, including the American Economic Review, and their work has garnered the most prestigious economics awards, including the Nobel Prize in Economic Sciences.

The faculty in this academic area teach a broad variety of MBA, PhD, and Executive Education courses. In every academic program, our faculty bring insights from their research to the classes they teach—from the fundamental business courses Microeconomics and Price Theory to expanded courses including Managing the Workplace, the Firm and the Non-Market Environment, and Business in Historical Perspective.

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 91³Ô¹ÏÍø Review

Discover some of the latest research from our microeconomics professors.

Awards and Honors 

Awarded an honorary doctorate for scientific merit from Belgium’s Ghent University.

Elected to the Econometric Society as a 2025 fellow.

Our MBA Concentrations in This Area

Professor Luigi Zingales pointing to a projection screen while teaching a class

Economics

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

Economics

Our PhD Dissertation Areas in This Area

Male student speaking in class

Economics

91³Ô¹ÏÍø is renowned for economics faculty whose insights and analyses have changed the course of modern-day research in the field.

Economics

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Microeconomics Faculty In the News




November 18, 2025 | NPR: Planet Money
“Honestly, I kind of think it’s a fine idea,” 91³Ô¹ÏÍø’s Eric Zwick says of President Trump’s idea for 50-year fixed mortgages. “It’s not obviously so different from a 30-year fixed mortgage.”


October 3, 2025 | NPR
91³Ô¹ÏÍø’s Matt Notowidigdo discusses why the share of long-term unemployed college graduates has increased.


January 13, 2025 | The Wall Street Journal
“Firms are trying to reset expectations,” says 91³Ô¹ÏÍø’s Michael Gibbs on recent employer changes to remote-work policies and employee benefits.

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 to professor Marianne Bertrand’s work with the , 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 .

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.

Reporting to the Office of the Provost, the Becker Friedman Institute for Economics fosters novel insights on the world’s most difficult economic problems, bringing together researchers from the entire Chicago economics community.

An affiliate of 91³Ô¹ÏÍø, 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.