The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics , the Nobel Prize in Chemistry , and the Nobel Memorial Prize in Economic Sciences ; the Nobel Assembly at Karolinska Institutet awards the Nobel Prize in Physiology or Medicine ; the Swedish Academy grants the Nobel Prize in Literature ; and the Nobel Peace Prize is awarded not by a Swedish organization but by the Norwegian Nobel Committee .
These are the committees and institutions who decide which people receive a Nobel Prize : The Nobel Prize in Economics was not a part of Nobel 's will .