The Department provides a focus for a very diverse and internationally renowned group of academic economists, many of whom have made major recent contributions to modern economic analysis. With 78.5 full-time equivalent researchers, Oxford Economics was by far the largest group of economists submitted to the 2008 Research Assessment Exercise conducted jointly by the UK Higher Education Funding Councils. Within a large group, 95 percent of all research activities were classified as internationally excellent in terms of originality, significance and rigour (3* or better), with 40 percent of activities regarded as world leading (4*). This places Oxford with more 4* research activities in total than any other UK Economics Department, see RAE viewer. Research Fortnight also ranks Oxford Economics first for research power, a measure that takes into account of both the quality and the quantity of research submitted.
The Department is committed to excellence in teaching at the undergraduate and graduate level. For the second consecutive year, Oxford Economics is ranked first in the UK for the study of economics by the Guardian University Guide, the Complete University Guide and the Times Good University Guide.