It is located in the Sidgwick Site in Cambridge, has been host to many distinguished economists, and is regarded as the birthplace of macroeconomics.
19 students or members of the faculty have won the Nobel Memorial Prize in Economic Sciences.
[citation needed] The Faculty of Economics was first created by Alfred Marshall in 1903, although the first notable Cambridge economist is considered to be Thomas Malthus.
After Marshall, the faculty was home to Arthur Cecil Pigou, father of public economics, John Hicks, who pioneered the IS-LM model and general equilibrium theory, and John Maynard Keynes, father of modern macroeconomics.
[1] The faculty retained a strong Keynesian bend in its thinking well into the late 20th century.