Dr. Karen Clay

Professor

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Biography

Karen Clay is a Professor of Economics and Public Policy at Carnegie Mellon University's Heinz College of Information Systems and Public Policy. She also holds courtesy appointments in the Tepper School of Business and the Department of Engineering and Public Policy. Clay has been a Senior Fellow at the Scott Institute for Energy Innovation at Carnegie Mellon since 2018 and is an affiliated faculty member at the University of Pittsburgh School of Law. Her research has received support from the National Science Foundation, the Department of Energy, and the Sloan Foundation, and her work has been published in prestigious journals such as the Journal of Political Economy, the Review of Economics and Statistics, and the American Economic Review. Prior to her current position at Carnegie Mellon, she served as an assistant professor at the University of Toronto. Throughout her academic career, Clay has held several significant roles including Research Associate at the National Bureau of Economic Research, focusing on Energy and Environmental Economics. She has also been a Visiting Scholar at Stanford Law School.

Research Interests

Experience

Professor of Economics and Public Policy

— Present

Carnegie Mellon University • Pittsburgh, United States

Lead research and teaching in the field of economics and public policy.

Research Associate

2015-01-01 — Present

National Bureau of Economic Research • Cambridge, United States

Conduct research in energy and environmental economics.

Senior Fellow

2018-01-01 — Present

Scott Institute for Energy Innovation, Carnegie Mellon University • Pittsburgh, United States

Provide expertise and drive initiatives in energy innovation.

Associate Professor of Economics and Public Policy

2008-01-01 — 2016-01-01

Carnegie Mellon University • Pittsburgh, United States

Instruct courses in economics and public policy.

Assistant Professor of Economics and Public Policy

1999-01-01 — 2008-01-01

Carnegie Mellon University • Pittsburgh, United States

Teach foundational courses in economics and contribute to policy research.

Visiting Assistant Professor

1998-01-01 — 1999-01-01

Carnegie Mellon University • Pittsburgh, United States

Engage in teaching and research within the Economics department.

Assistant Professor of Economics

1994-01-01 — 1999-01-01

University of Toronto • Toronto, Canada

Conduct research and teach economics courses.

Requirements for Carnegie Mellon University

Doctorate Program
Requirements
GPA Requirement
Required:3.5
GRE General
Verbal
Required:158
Quantitative
Required:149
Analytical Writing
Required:4
Overall
Required:4
Prerequisites
Bachelor's degree in Psychology or related field Research experience/publications
Application Checklist
  • Online application
  • Statement of Purpose
  • Three letters of recommendation
  • Transcripts
  • GRE scores (optional but reported in profile)
  • English Proficiency (TOEFL/IELTS/Duolingo)
Specialization Notes

Admission is extremely competitive with no strict GPA cut-offs; holistic review is used.