Bloomberg Businessweek has ranked Babson College third out of 124 schools for its undergraduate micro-economics program, Babson said.

In developing the rankings, Bloomberg Businessweek asked undergraduate business students from this year’s graduating class, via online survey, about their business school experience, from getting in to getting a job.

Bloomberg Businessweek issues results in a number of categories, and Babson fared well in the survey of a specialty category that ranked micro-economics programs.

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Cornell University’s Charles H. Dyson School of Applied Economics and Management was ranked first on that survey, and the Warrington College of Business Administration at the University of Florida was second.

Babson’s press release included a statement from Professor Lidija Polutnik, who chairs Babson’s Economics Division.

“Our faculty are passionate about making sure their students understand the connections between microeconomic theory and real-life business practice,” Polutnik said. “We introduce students to important analytical tools ─ opportunity costs, marginal analysis, externalities, etc. ─ then show them how they are used in rigorous and systematic business decision-making.”

In the overall rankings of undergraduate business school programs, Babson was ranked 36th.