NEW ECONOMIC SCHOOL MODERN ECONOMIC EDUCATION MODERN ECONOMIC THE RUSSIAN FOR AND RESEARCH AND STATE BUSINESS SOCIETY, MISSION OF NES NES IS COMMITTED TO BUILDING A SUSTAINABLE ECONOMICS MODERN COMMUNITY CAPABLE OF PROMINENTLY REPRESENTING ECONOMIC RUSSIA IN THE GLOBAL ECONOMICS PROFESSION BY: EDUCATION training new academic economists AND RESEARCH producing globally competitive economics research FOR THE RUSSIAN bringing back foreign-trained Russian economists to work in Russia contributing to improving Russia’s public policy through both SOCIETY, graduate training in economic policy and applied research at its Center for Economic and Financial Research BUSINESS AND STATE NES VALUES PROFESSIONALISM RESPONSIBILITY MUTUAL RESPECT INTEGRITY NEW ECONOMIC SCHOOL RUBEN ENIKOLOPOV Rector of the New Economic School (NES alumnus, MAE’2002) “The New Economic School is a university with unique atmosphere that tunes to a lively and genuine interest in economics. I know this firsthand – after all, I myself once graduated from the School with a Master’s Degree. The fundamental knowledge that can be obtained at NES is also highly demanded in business. At present as the School Rector I can say that both I and the entire university governance are making and of course will make every effort to maintain a high level of education at NES, so that the School remains the leading educational institution of Russia and Eastern Europe”. 3 NEW ECONOMIC SCHOOL Alexander Fridman Don Patinkin Arkady Dvorkovich Barry Ickes Gur Ofer Zarema Kasabieva Valery Makarov Zvi Griliches Shlomo Weber Victor Polterovich Sergei Guriev Stanislav Anatolyev Maxim Boycko Alexei Goriaev Konstantin Sonin HISTORY Pavel Katyshev Oleg Zamulin Oleg Shibanov 4 HISTORY OF NES 1992 Establishment of the New Economic School. Launch of the first academic program – Master of Arts in Economics (MAE). 1992 Establishment of NES International Advisory Board. 1994 Establishment of NES Alumni Association Scholarships. 2000 Establishment of the Centre for Economic and Financial Research (CEFIR). 2007 Establishment of the NES Endowment Foundation. Launch of Masters in Finance Academic Program. 2011 Launch of HSE/NES Bachelor’s Program (BAE). 2013 Establishment of the NES Center for the Study of Diversity and Social Interactions (NES CSDSI). 2015 Launch of Program Master of Science in Energy Economics (MSEE) and Masters in Finance (MSF). 2016 Launch of Programs Master of Arts in Finance and Master of Science in Finance (MA/MSc in Finance) and Master of Science in Energy Economics (MSEE). 2017 Establishment in collaboration with the Moscow School of Management SKOLKOVO and Skolkovo Institute of Science and Technology (Skoltech) of Skolkovo Education Hub. 2017 NES Anniversary – the School celebrates 25 years. 5 NEW ECONOMIC SCHOOL RATINGS SCIENCE 6 st PLACE 1in the Forbes List of Russian Best Universities st PLACE in Russia 1in TOP-100 best research universities according to Tilburg University, based on the publications of leading economic nd and financial journals PLACE 2in TOP-25 of Russian Economic Universities according to RePEc nd PLACE in Russia 2in World Top 301-400 of ARWU, the Shanghai Ranking, in Economics OLEG ITSKHOKI rd NES Alumnus, MАЕ’2004 Professor of Economics, Princeton University, PLACE in Russia Member of NES International Advisory Board 3in QS Top 200 World University Rating in Economics and Econometrics “Nowadays, NES is well known to the world’s leading scientists. When it comes to young Top economists from Russia, it is assumed that they Economics Departments are NES graduates”. 50 of the World in SSRN 7 NEW ECONOMIC SCHOOL CONFERENCES SCIENCE 8 NES PROFESSORS TAKE PART IN MAJOR CONFERENCES INTERNATIONAL SCIENTIFIC CONFERENCES: Annual sessions of American Economic Association (AEA) and American Finance Association (AFA) within the Annual International Conference of the Allied Social Science Associations (ASSA) Congresses of the European Economic Association (EEA) NES is the first Russian university to hire National Bureau of Economic Research (NBER) meetings professors in the international market. Candidates – consider that more than 100 Center for Economic Policy Research (CEPR) meetings people a year apply for positions at NES – are interviewed at annual sessions of American Conferences of the Society for Financial Studies (SFS) Economic Association (AEA) and American Finance Association (AFA) within the Annual International Conference of the Allied Social Meetings of the European Financial Association (EFA) Science Associations (ASSA). The best are invited to take part in the competitive admissions to Conferences of the Western Financial Association (WFA) NES as full-time professors. Conferences of the Financial Intermediation Research Society (FIRS) More than 90% of School professors obtained PhD degree at world leading universities, such as Harvard, Oxford, University of California, Massachusetts Institute of Technology, and London Business School. 9 NES PROFESSORS HAVE THEIR WORKS PUBLISHED IN THE WORLD BEST SCIENTIFIC JOURNALS: 2018 AMERICAN ECONOMIC REVIEW Andrey Markevich coauthor: Ekaterina Zhuravskaya “The Economic Effects of the Abolition of Serfdom: 2012 AMERICAN ECONOMIC REVIEW Evidence from the Russian Empire” Olga Kuzmina coauthors: Maria Guadalupe, Catherine Thomas 2018 JOURNAL OF FINANCE “Innovation and Foreign Ownership” Hosny Zoabi coauthors: Moshe Hazan, David Weiss “Women’s Liberation as a Financial Innovation” 2011 AMERICAN ECONOMIC REVIEW Ruben Enikolopov and Maria Petrova 2017 REVIEW OF ECONOMIC STUDIES coauthor: Ekaterina Zhuravskaya Anna Obizhaeva “Media and Political Persuasion: Evidence coauthors: Albert Kyle, Yajun Wang from Russia” “Smooth Trading with Overconfidence and Market Power” 2008 JOURNAL OF FINANCE 2016 REVIEW OF ECONOMIC STUDIES Natalya Volchkova Ruben Enikolopov coauthors: Alexander Dyck, Luigi Zingales coauthors: Andrew Beath, Christia Fotini, “The Corporate Governance Role of the Media: Georgy Egorov Evidence from Russia” “Electoral Rules and Political Selection: Theory and Evidence from a Field Experiment in Afghanistan” 2008 AMERICAN ECONOMIC REVIEW 2016 ECONOMETRICA Grigory Kosenok Anna Obizhaeva coauthors: Philip Haile, Ali Hortacsu coauthors: Albert Kyle “On the Empirical Content of Quantal “Market Microstructure Invariance: Empirical Response Equilibrium” Hypotheses” SCIENCE 2015 QUARTERLY JOURNAL OF ECONOMICS 2005 ECONOMETRICA Ruben Enikolopov and Maria Petrova Stanislav Anatolyev coauthors: Maja Adena, Veronica Santarosa, “GMM, GEL, Serial Correlation, Ekaterina Zhuravskaya and Asymptotic Bias” “Radio and the Rise of the Nazis in Prewar” 10 NEW ECONOMIC SCHOOL NEW ECONOMIC SCHOOL PUBLICATION NES PROFESSORS HAVE THEIR WORKS PUBLISHED IN THE WORLD BEST SCIENTIFIC JOURNALS: ANNA PAVLOVA NES Alumnus, MAE’2002 Professor of London Business School, NES IAB Member “New Economic School grows future professors of world’s leading universities, as well as future leaders in Business, Economics and Politics”. 11 NEW ECONOMIC SCHOOL RESEARCH NES professors are engaged in research both independently, and within scientific labs and research centers, such as: CSDSI CENTER FOR THE STUDY OF DIVERSITY AND SOCIAL INTERACTIONS Studies social diversity and social interactions with a focus on Russia. CEFIR CENTER FOR ECONOMIC AND FINANCIAL RESEARCH Conducts applied research to promote economic and social development of Russia. CEFIR does research for the Central Bank, the Accounts Chamber, the Ministry of Economy, the Ministry of Finance etc. CPR CENTER FOR POPULATION RESEARCH CPR Maintains a Russian birth-and-death database. SCIENCE NES stimulates and facilitates student research. In the second year of the master degree program students conduct research in various projects under the guidance of professors. Master theses are developed and defended based on results of this work, the results of research are presented at NES conferences and some of them subsequently become published articles. 12 SHLOMO WEBER President and Professor of NES, Scientific Director of the Center for the Study of Diversity and Social Interactions (NES CSDSI) “Research is an important part of the School’s work. Thus, 44 articles were published in leading Russian and foreign journals, 9 scientific schools and 50 scientific seminars were organized in the course of work of the Center for the Study of Diversity and Social Interactions”. 13 NEW ECONOMIC SCHOOL NOBEL LAUREATES IN ECONOMICS 9 GAVE LECTURES AT NES SCIENCE 14 Robert Engle James Heckman Joseph Stiglitz Eric Maskin Bengt Holmström Roger Myerson Lawrence Klein Robert Aumann Robert Shiller 15 WHO ENTERS NES: • statistically, most winners and awardees of school contests in economics and mathematics prefer the HSE/NES Bachelor’s Program • to enter any of the programs deep knowledge of mathematics and English language is required NES adheres to high education standards, which, among other things, exclude any possibility of cheating and plagiarism. The School established the Code of Ethics for the purpose of guiding its students. EDUCATION 16 NEW ECONOMIC SCHOOL QUALITY NES educational Programs are developed with the participation of experts from London Business School, Paris School of Economics, Massachusetts Institute of Technology, Chicago, Princeton, Stanford and other world leading Universities. ANNA MIKUSHEVA NES MASTER’S DEGREE PROGRAM IS ENTERED BY GRADUATES NES Alumnus, MAE’2002 Professor of MIT, NES IAB Chair OF LEADING UNIVERSITIES OF RUSSIA: “NES has radically changed my career and life plans. For me,