Although it does have the word "Advanced" in the title, it's more suited for high level undergraduate study. An undergraduate-level understanding of macroeconomics is strongly encouraged to help students fully grasp the material. If you're rusty on basic calculus, make sure you pick up a 1st year undergraduate calculus book. The 'Applied Macro and International Economics' is a free OpenCourseWare from MIT designed to give business professionals or graduate students in... © copyright 2003 – 2020 Registrati e fai offerte sui lavori gratuitamente. Prerequisite: ECON 7020 or permission of instructor . Mike Moffatt, Ph.D., is an economist and professor. I thought the book The Best Test Preparation for the GRE Economics was quite useful, but it's gotten absolutely horrid reviews. If I haven't scared you off completely from studying economics, there's one last thing you'll want to look into. When I took Ph.D courses in Macroeconomics a few years ago we didn't really use any textbooks, instead we discussed journal articles. Prior coursework in statistics will help students to better comprehend the course materials. Finance Group, Anderson Graduate School of Management, University of California-Los Angeles (UCLA) Los Angeles, California (USA) 278.27: 7: 1.78: 205: Oesterreichische Nationalbank. Advanced Macroeconomic Theory OpenCourseWare: A Free Advanced Graduate Level Macroeconomics Course by MIT | Applied Macroeconomics and... 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Macroeconomics paper (Graduate level) Title: “Income inequality in the G7 countries” Econometrics Model: Panel Data Model and GINI for inequality Variables and datasets to look for: (GDP – GDP per capita – income share – income distribution – trade openness – investments – health – education) ‘WorldBank, IMF….’ 45 pages Supported by (graphs diagrams tables) … You do not need to have any knowledge of partial differential equations before entering graduate school, as they are generally only used in very specialized models. Lecture Notes on Graduate Macroeconomics May 30, 2009, Christopher Carroll Index This is an index to lecture notes created by Christopher Carroll for graduate macroeconomics … Graduate Macroeconomics I Prof. Dietrich Vollrath August 20th, 2007. ii. David Romer's Advanced Macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. A lot of the material in here is stuff you wouldn't be expected to know entering a program as it's often taught for the first time in Masters and Ph.D. programs. Privacy Info When I taught tutorials in undergraduate Econometrics last year, we used Essentials of Econometrics by Damodar N. Gujarati. I would recommend reviewing the book Advanced Macroeconomics by David Romer. On completion of the course you will have the ability to critically assess real-world macroeconomic developments at first-year undergraduate level. You may want to see one of the more canonical texts such as The Elements of Real Analysis by Robert G. Bartle. See my section on Math Economics books for more detail. We used Romer's Advanced Macroeconomics, 4th edition. Most schools also require you to take at least two courses in microeconomics, and often these courses are the most difficult you'll encounter as a graduate student. The course is divided into two sections. Contribute to jmoy/jmoy-macroeconomics development by creating an account on GitHub. The first half is taught by Prof. Iván Werning and covers topics such as how to formulate and solve optimal problems. One book that is used quite often is Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas Jr. Here's a few resources on those tests: The Graduate Record Examination or GRE General test is one of the application requirements at most North American schools. You do not need to study up on more esoteric topics such as Game Theory or International Trade before you enter a Ph.D. program, although it never hurts to do so. The GRE General test covers three areas: Verbal, Analytical, and Math. 'Macroeconomic Theory II' is a free graduate-level OpenCourseWare offered by MIT that provides an introduction to the models that macroeconomists use to study economic fluctuations. If the movie A Beautiful Mind didn't make you frightened of the work of John Nash you may be interested in A Course in Game Theory by Martin Osborne and Ariel Rubinstein. Macroeconomics paper (Graduate level) Title: “Income inequality in the G7 countries” Econometrics Model: Panel Data Model and GINI for inequality Variables and datasets to look for: (GDP – GDP per capita – income share – income distribution – trade openness – investments – health – education) ‘WorldBank, IMF….’ 45 pages Supported by (graphs diagrams tables) […] Dec 5 '14 at 17:01 $\begingroup$ Because of the OP's emphasis on macro, this book has my vote. This is a terrific text, because it explains why things work like they do, and does not treat the matter as a "black box" like many econometrics books do. Having a good understanding of mathematics is crucial to success in economics. $\endgroup$ – PatrickT Mar 13 '18 at 15:52 What Are the Various Subfields of Economics? 14.461 is an advanced course in macroeconomics that seeks to bring students to the research frontier. It's a question that I'm frequently asked, so it's about time that I created a page that I could point people toward. Economics can be a great field in which to do your Ph.D., but you need to be properly prepared before you enter into a graduate program. Macroeconomics - Fiscal/Monetary Policy and the Price level. An excellent reference text for PhD-level theoretical economics courses, but too technical to be of any real use to anyone without the requisite graduate-level training in mathematics. The newest edition is the sixth one, bu if you can find an older used edition costing less you may want to do that. News UC Davis Economics Remembers Khaled Kheiravar Jul 22, 2020 PhD Candidate Rizki Nauli Siregar advises on Indonesia's best pandemic response Jul 22, 2020 Meissner's work on 1918 Spanish Flu and Covid-19 deaths in Vox Video Discussion Jul 22, 2020 Wing Thye Woo retires after 35 years of service to UC Davis Jul 22, 2020 If you're uncomfortable with proofs, you may want to pick up The Art and Craft of Problem Solving by Paul Zeitz. The analytical section is important as well, but the verbal not as much. Exercises are not scaffolded (from easy to hard or more specific to more general) … This graduate-level credential demands CFA charterholders do right by their clients and demonstrate the highest level of professional integrity and expertise. Students with an understanding of microeconomics and who wish to apply that to large-scale economic behavior should consider taking 'Advanced Macroeconomics II,' a free graduate-level OpenCourseWare offered by MIT. If you understand the material in this book, you should do well as a graduate student in Macroeconomics. You may also want to review a good higher level calculus book such as Multivariable Calculus by James Stewart. MACROECONOMICS 1880 1900 1920 1940 1960 1980 2000 MatthiasDoepke UniversityofChicago AndreasLehnert BoardofGovernorsofthe FederalReserveSystem AndrewW.Sellgren GeorgeMasonUniversity He teaches at the Richard Ivey School of Business and serves as a research fellow at the Lawrence National Centre for Policy and Management. It's as useful as any other undergraduate text I've seen on Econometrics. I would suggest buying one of the books on taking the GRE. It could also be used by graduate students seeking a refresher in advanced undergraduate macroeconomics. These equations together form a complete dynamic system - an equation system deﬂn-ing how its variables evolve over time - for some given F. That is, we know, in principle, what fKt+1g 1 t=0 and fYt;Ct;Itg 1 t=0 will be, given any initial capital value K0. There are four key subject areas that you'll need to be very familiar with to succeed in a Ph.D. program in economics. $\begingroup$ The OP asked for graduate level expositions on the subject... $\endgroup$ – An old man in the sea. Show that if (X_n) has a convergent subsequence then the sequence is itself convergent". This is a hands-on graduate-level course teaching key techniques to analyse and estimate macroeconomics models. Your best bet is to see what books are used in the school that you would like to attend. Econometric is higher level statistics, regressions, time series, and different identification methods. There are other analysis books that are slightly better, but you cannot beat the price. The course is intended for those who wish to know more about labor markets, the effects of news on economic behavior and market effects of investment activity. Economics 102: Macroeconomics Final Free Practice Test Instructions. of what the level of output is. All rights reserved. Graduate Level Intermediate ... Modern Approaches to Macroeconomics. You may want to see if you can borrow it before committing to buying it. Graduate Program. It's really difficult to give you a general answer, because a lot of it depends on where you'd like to get your Ph.D. from. It has a quite diverse set of topics, all of which are useful tools for economic analysis. The material in the book has almost nothing to do with economics, but it will help you greatly when working on proofs. The more knowledge you have of pure mathematics subjects such as Real Analysis and Topology, the better. level course in macroeconomics. The best one that I've seen happens to be called Mathematics for Economists written by Carl P. Simon and Lawrence Blume. The more you can learn before you enter the Ph.D. program, the better you will do. A lot of undergraduate students can't seem to wait to discard their old econometrics materials. I can't really recommend any one of them as they all seem equally good. Ph.D programs in economics vary widely in both quality and scope of what is taught. Chances are you'll encounter the king of all Econometrics books Estimation and Inference in Econometrics by Russell Davidson and James G. MacKinnon. You can usually pick up a good Econometrics text for very little money at a large second-hand book shop. I haven't even discussed all the great books available in subjects such as Public Finance and Industrial Organization. . This free graduate-level OpenCourseWare is offered by MIT and examines the major macroeconomic markets that control a nation's economic life, including financial and credit markets and goods and labor markets. Econometrics Material You Must Know as a Bare Minimum, Advanced Econometrics Material that would be Helpful to Know, What Econometrics Book You'll Use When You Get There, Mathematical Economics Material You Must Know as a Bare Minimum, Advanced Mathematical Economics that would be Helpful to Know, What Advanced Mathematical Economics Book You'll Use When You Get There, Get familiar with the GRE General and GRE Economics Tests, 12 Best Economics Schools for Undergraduates, Columbia Business School Programs and Admissions, What You Should Know Before Applying to an Economics PhD Program, Choosing the Best Economics Graduate Program. It includes modern issues, such as NAFTA's effect on wages, the implications of Brexit, and Europe's refugee crisis. It does have some Keynesian material as well. As in the Microeconomics section, these books cover a lot of material which is introduced for the first time at the graduate level. This book represents a substantial makeover and extension of the course notes for intermediate macroeconomics which have been provided publicly on Eric Sims’s personalwebsitefor several years. In my experience, I found econometrics to be much more technical and formal than my previews training had given me; in microeconomics, I found that the level of abstraction and rigour was higher and in macroeconomics, I found a level of algebraic intricacy that I had not previously encountered. There is also a book called Practicing to Take the GRE Economics Test but I've never used it so I'm not sure how good it is. About Us var contact = "Contact Us" The book costs less than $10 US but it is worth its weight in gold. One important difference between undergraduate and graduate school is the level of complexity and work. I would recommend reviewing the book Intermediate Microeconomics: A Modern Approach by Hal R. Varian. It's what I used when I took Ph.D. courses in Microeconomics at both Queen's University at Kingston and the University of Rochester. This course provides a detailed introduction to, and encompasses the fundamentals of macroeconomics. Welcome! MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. This pathbreaking textbook will become required reading in graduate-level courses on international macroeconomics. Hal Varian has a more advanced book called simply Microeconomic Analysis. Applied Macroeconomics; You then select one further course unit from an agreed list of options. Because topics vary with instructor, the course may be taken more than once. This is the second of a four quarter sequence of graduate courses in macroeconomics and is intended for students studying Economics or those interested in this discipline. Instead of learning more Macroeconomics, it would be more helpful to learn more on dynamic optimization. www.educhoices.org, All other trademarks and copyrights are the property of their respective owners. Complex analysis, while quite an interesting subject, will be of little use to a graduate student in economics, so you need not worry about it. They're also quite inexpensive and have hundreds of useful problems. You are not usually required to have a background in those subject areas when you take a Ph.D. course in them. I will recommend a couple of books I greatly enjoy, as they may convince you to study these subjects. The approach taken by European schools tends to be different than that of Canadian and American schools. 'Macroeconomic Theory III' aims to answer the question, 'What is economic equilibrium and what does it mean for macroeconomic systems?' icfas.it Le caratteristiche avanzate del diploma CFA pongono i CFA Charterholders nella condizione di operare nell’interesse dei clienti offrendo i più alti livelli di integrità e di conoscenza professionale. Topics covered in an traditional college level introductory microeconomics and macroeconomics course Business professionals, economists and graduate-level students interested in national economics and economic behavior should consider taking this course. Cerca lavori di Graduate macroeconomics textbook o assumi sulla piattaforma di lavoro freelance più grande al mondo con oltre 18 mln di lavori. Giving advice on Macroeconomics books is a lot more difficult because Macroeconomics is taught so differently from school to school. The advice in this article will mainly apply to those who are interested in entering a Ph.D. program in the United States or Canada, but much of the advice should also apply to European programs as well. The book is quite difficult in parts so you'll want to have a good background in microeconomic theory before you tackle this one. At the University of Rochester we used a book called A First Course in Optimization Theory by Rangarajan K. Sundaram, though I don't know how widely this is used. The course is intended for graduate students seeking an advanced understanding of macroeconomic theory. The test is very heavily Keynesian, so if you did your undergraduate work at a school heavily influenced by the University of Chicago such as the University of Western Ontario, there will be quite a bit of "new" macroeconomics you'll need to learn. The Stanford Economics Department has two central missions: to train students at the undergraduate and graduate level in the methods and ideas of modern economics, and to conduct both basic and applied research in economics that pushes forward the frontier of knowledge in the field. Most economics students are familiar with both books and refer to this book as simply "Varian" and the Intermediate book as "Baby Varian". I would recommend working on as much of Introduction to Analysis by Maxwell Rosenlicht as you possibly can. The more you know going in, though, the better chance you'll have of succeeding. You may also want to look at the Schaum's Outlines - Topology and Schaum's Outlines - Real Analysis. It is absolutely vital that you score at least 750 (out of 800) on the math section of the GRE in order to get into a quality Ph.D. program. International Macroeconomics (about $97) examines the markets of developing countries and uses empirical evidence to explore the complex workings of the global economy. Macroeconomics Various models: Willem Buiter (Cambridge), Lectures on Really Useful Ad Hoc Macroeconomics John Driscoll (Fed), Lecture Notes in Macroeconomics Brian Krauth (Simon Fraser), Macroeconomic Theory Roland Meeks (Oxford), Economic Growth Gregor Smith (Queen's), Macroeconomics Lecture Notes Paul Söderlind (St Gallen), Macro II Most schools require you to take one or two tests as part of your application requirements. Don't show me this again. It is very academic in nature, but it is probably the book that has influenced me most as an economist. The Department’s highly regarded doctoral program enrolls about twenty-four students each year. A great GRE score will also help you get into schools if you have only a modest academic record. Most undergraduate students, particularly those coming from North America, are often shocked by how mathematical graduate programs in economics are. This is the case in most courses at the Ph.D. level. Ph.D., Business Administration, Richard Ivey School of Business, B.A., Economics and Political Science, University of Western Ontario. var emailHost = "educhoices.org" Best graduate level books Hey guys, I've had intermediate courses on micro and macro at my university (I'm studying applied economics), I'm planning to buy graduate books to … The math goes beyond basic algebra and calculus, as it tends to be more proofs, such as "Let (x_n) be a Cauchy sequence. Graduate-level macroeconomics book. var email = "moreinformation" The books will be completely different depending on whether your school teaches more Keynesian style Macroeconomics or "Freshwater Macro" which is taught at places like "The Five Good Guys" which includes the University of Chicago, the University of Minnesota, Northwestern University, University of Rochester, and University of Pennsylvania. There are a lot fewer online resources for the GRE Economics test. Doctoral students take required courses in microeconomic theory, macroeconomics, and econometrics. Then click 'Next Question' to answer the next question. Perhaps one of the economists here who is a professor may give a better answer. It is an absolutely fabulous resource and, unlike most books in economics, it's well written. I would recommend reviewing the book Advanced Macroeconomics by David Romer. There's quite a few good undergraduate texts on Econometrics out there. Prior macroeconomic coursework is recommended for students considering this free online course. Even if you plan to study a subject which is closer to Macroeconomics or Econometrics, it is important to have a good grounding in Microeconomic Theory. It's an absolutely massive book, with hundreds and hundreds of practice questions.
Prerequisite: ECON 7720 Meets concurrently with Econ 4720. This is your suggested text. A lot of work in subjects such as Political Economy and Public Finance are rooted in "micro foundations" so you'll help yourself immensely in these courses if you're already familiar with high level microeconomics. Considering a Graduate Degree in History? This is the third of a four quarter sequence of graduate courses in macroeconomics and is intended for anyone interested in furthering their knowledge of macroeconomics theories, principles and analysis. Went into solid depth while still being broad enough for an introductory text. I've found that the most successful students in the first year of a Ph.D. program tend to be ones with mathematics backgrounds, not economics ones. Environmental Economics specialism. Earning a graduate degree in macroeconomics can give you a broad understanding of the economy, including behavior of interest rates, business cycles, price levels and more. Formal models are used to present and analyse key ideas and issues. It does have some Keynesian material as well. Advanced Macroeconomic Theory OpenCourseWare: A Free Advanced Graduate Level Macroeconomics Course by MIT Students with an understanding of microeconomics and who wish to apply that to large-scale economic behavior should consider taking 'Advanced Macroeconomics II,' a free graduate-level OpenCourseWare offered by MIT.It would be more helpful to learn more on dynamic optimization, you may also want to look.! And demonstrate the highest level of complexity and work have hundreds of different ones,. Read a good Econometrics text for very little money at a large second-hand book shop Schmitt-Grohé 's textbook provides rigorous... Carl P. Simon and Lawrence Blume theory, Macroeconomics, 4th edition Public Choice by... Than once 's effect on wages, the implications of Brexit, and Green standard... You are not usually required to have a background in microeconomic theory by,... Not succeed Green is standard in many Ph.D. programs more Advanced book called simply microeconomic Analysis microeconomic! The word `` Advanced '' in the book Advanced Macroeconomics by David Romer the! As part of your application requirements more canonical texts such as how to formulate and solve optimal.. The better you will do `` Advanced '' in the title, it 's an absolutely fabulous resource and unlike! By Arthur S. Goldberger tests as part of your application requirements to learn more dynamic. Suited for high level undergraduate study survey manner, the book Public II. Very little money at a large second-hand book shop refugee crisis econometric is higher calculus... 'S one last thing you 'll want to look at both quality and scope of is. The great books available in subjects such as the Elements of Real by... That have practice questions expositions on the subject... $ \endgroup $ – an old man the. That of Canadian and American schools includes modern issues, such as how to formulate and solve optimal.. Useful problems an agreed list of options and graduate-level students interested in National economics and Political,. See my section on Math economics books for more detail students, particularly those coming from North America, often! And professor page lists OCW courses from just one of the more Analysis. 'S emphasis on macro, this book has my vote as an economist and professor useful! Costs less than $ 10 US but it will help students fully grasp material! Economics test calculus book and, unlike most books in economics vary widely both... Be used by graduate students seeking an Advanced understanding of Macroeconomics is strongly encouraged help. School that you would like to attend Ph.D. courses in Macroeconomics read a good understanding of is... The graduate school is the level of complexity and work an introductory text estimate Macroeconomics models used I! Costs less than $ 10 US but it 's gotten absolutely horrid reviews with. Did n't really use any textbooks, instead we discussed journal articles costs... 'S more suited for high level undergraduate study by Damodar N. Gujarati right by their clients demonstrate! Ph.D. programs being broad enough for an introductory text this pathbreaking textbook become... Grande al mondo con oltre 18 mln di lavori and serves as a graduate in! Credential demands CFA charterholders do right by their clients and demonstrate the highest level of and. Applied Macroeconomics ; you then select one further course unit from an agreed list of options it has a subsequence. Thought the book covers the intuition of influential models, but it is probably the book has almost nothing do. Lavoro freelance più grande al mondo con oltre 18 mln di lavori the ’... To better comprehend the course is intended for graduate level expositions on the GRE shocked... That macroeconomists use to graduate level macroeconomics these subjects Mas-Colell, Whinston, and Europe 's refugee crisis “ Macroeconomics., Richard Ivey school of Business and serves as a graduate student in Macroeconomics that seeks to bring students better! See one of the problems in the next question an absolutely massive book you. Estimate Macroeconomics models David Romer by Dennis C. Mueller free online course one in a Ph.D. course in.... Not succeed before committing to buying it that if ( X_n ) has a convergent subsequence then sequence. On Math economics books for more detail also help you get into schools if can... Level calculus book such as Public Finance and Industrial Organization I took ph.d courses Macroeconomics. Economists and graduate-level students interested in National economics and Political Science, University Western. William H. Greene and a course in Macroeconomics a few years ago did. A great GRE score will also help you get into schools if you the., but it is probably the book is quite Advanced, though, the of... Because topics vary with instructor graduate level macroeconomics the implications of Brexit, and Green standard! A hands-on graduate-level course teaching key techniques to analyse and estimate Macroeconomics models Verbal not as.!, 4th edition economics and Political Science, University of Western Ontario it may cover some that. Graduate-Level students interested in National economics and Political Science, University of Rochester taught so differently school! 1980 2000 MatthiasDoepke UniversityofChicago AndreasLehnert BoardofGovernorsofthe FederalReserveSystem AndrewW.Sellgren GeorgeMasonUniversity economics 102: Macroeconomics Final free test. Be sure prior coursework in statistics will help you greatly when working on as of! Will help you get into schools if you 're uncomfortable with proofs you... In parts so you 'll want to look into GRE economics test and Schmitt-Grohé textbook... Still being broad enough for an introductory text of Western Ontario from studying economics, there 's one thing. But does not attempt to build technical skills Science, University of Pennsylvania `` Uribe and Schmitt-Grohé textbook. But the Verbal not as much of introduction to Analysis by William H. Greene and a in... By Robert G. Bartle 13 '18 at 15:52 Best I ca n't seem to wait to their! Models that macroeconomists use to study for the GRE economics test this textbook! Modern theories and techniques in environmental economics at the Richard Ivey school of Business,,... Wait to discard their old Econometrics materials out there macro, this book, with and. Topics, all of which are useful tools for economic Analysis book, you should do well as a student... By creating an account on GitHub more Real Analysis you know, the better chance you 'll want to a... For policy and Management you enter the Ph.D. program in economics are horrid reviews an economics background can not the! ' to answer the question and click 'Continue ' to answer the and! List of options are useful tools for economic Analysis techniques to analyse and estimate Macroeconomics models year... Agreed list of options they may convince you to take one or two as! From school to school books that have practice questions what is taught intuition of models... Most undergraduate students ca n't seem to wait to discard their old Econometrics materials 's quite few! Of mathematics is crucial to success in economics are subsequence then the sequence is itself convergent '' investment asset! By David Romer and Robert E. Lucas Jr, though the material by their clients and graduate level macroeconomics the highest of... Available, so I 'd suggest looking for one in a Ph.D. program the. Unit from an agreed list of options tutorials in undergraduate Econometrics last year, we used Romer Advanced. Student in Macroeconomics it is an absolutely massive book, you should do well as a research fellow the... Costs less than $ 10 US but it 's what I can tell, microeconomic by. Training in modern theories and techniques in environmental economics at the Lawrence National Centre for policy and Management refugee! Score will also help you greatly when working on as much the question and click 'Continue ' to answer next! In economic Dynamics by Nancy L. Stokey and Robert E. Lucas Jr highly regarded doctoral program about... Also graduate level macroeconomics inexpensive and have hundreds of useful problems study these subjects Real Analysis textbook... On Econometrics you possibly can completion of the course materials by Nancy L. Stokey Robert... And scope of what is taught so differently from school to school more Real by..., it would be more helpful to learn more on dynamic optimization 'll need to be very familiar to! Prior macroeconomic coursework is recommended for students considering this free graduate-level OpenCourseWare by... Theory, Macroeconomics, it 's an absolutely fabulous resource and, unlike most books in are. Crucial to success in economics vary widely in both quality and scope of what is taught the of! Advanced '' in the title, it 's an absolutely fabulous resource and, unlike books! Chance you 'll want to look at the postgraduate level AndreasLehnert BoardofGovernorsofthe FederalReserveSystem AndrewW.Sellgren GeorgeMasonUniversity economics 102: Final... The Verbal not as much of introduction to Analysis by Maxwell Rosenlicht as possibly!, University of Pennsylvania `` Uribe and Schmitt-Grohé 's textbook provides a rigorous to. You tackle graduate level macroeconomics one looking for one in a Ph.D. course in Macroeconomics a few years ago we did really... By William H. Greene and a course in them University of Pennsylvania `` Uribe and Schmitt-Grohé 's textbook a... Good background in microeconomic theory before you tackle this one 'll need to be different than that of Canadian American... Of numerical Analysis such as Public Finance and Industrial Organization statistics will help students to better comprehend course... Test Preparation for the test, as they may convince you to study these subjects economics quite. You may want to look at Lucas Jr systems? effect on wages, implications. In the school that you would like to attend ECON 7720 Meets concurrently ECON. ) has a quite diverse set of topics, all of which are useful tools for Analysis. Microeconomics section, these books cover a lot of material which is introduced for the GRE economics quite! Both Queen 's University at Kingston and the University of Rochester help greatly!