university of michigan ann arbor phd economics

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As a finance PhD student at Michigan Ross, you will gain a solid foundation in economics and finance on your path to a tenure-track position at a leading university. Using the concepts of microeconomic theory, mathematical economics, and statistics, you’ll learn to ask — and answer — pressing questions facing the world of finance. Active discussions and interactions with renowned faculty foster a collaborative environment for you to pursue your scholarly research interests.

Finance at Michigan Ross covers a broad range of topics — from social capital to asset pricing to the causes of the financial crisis. To complement your courses at Ross, you’ll study across the University of Michigan’s top-ranked economics, engineering, and mathematics programs. Within Ross, participation in two weekly finance seminars expose you to the ideas of scholars from all over the world, and allow you to present your research. 

You will complete most coursework during the first two years of the program, including microeconomic theory, mathematical economics, statistics, and finance. Courses during the second year comprise at least six electives (typically in math, economics, and econometrics) in addition to two finance courses. You will take two more seminars in finance during your third year. For the remainder of the program, you will typically take at least one course per term in an area related to your research.

To become proficient in the art of research, you will produce a research paper in the summer of each of the first two years under faculty guidance. You will present your work in departmental seminars during the academic year. The Mitsui Life Financial Research Center awards $2,000 for best performance in the first year of the program and $3,000 for the best dissertation proposal in any given year.   

Exams, covering finance and related areas, typically take place at the end of the second year. You will advance to candidacy by passing the exams and completing two research papers. The remainder of the program is devoted to the dissertation.

The finance faculty at Michigan Ross are impactful researchers and experts in the issues of modern business — from social capital and fintech to corporate decision making and financial crises. Ross faculty recognize that having a top PhD program is crucial to maintain an outstanding research environment. 

Learn more about the faculty and research contributions of the finance area at Michigan Ross.

Thomas Flanagan, 2023 The Ohio State University

Emil Lakkis, 2023 Cornerstone Research

Hedieh Rashidi Ranjbar, 2023 Melbourne Business School

James Caldera, 2022 Federal Reserve Board in Washington, DC

Virginia Traweek, 2022 Texas Christian University, Fort Worth

George Malikov, 2021 Western University

Zhengyang Xu, 2020 City University of Hong Kong

Jay Kahn, 2019 Office of Financial Research at the Treasury

Yifei Wang, 2019 Cornerstone Research

Zhen (Zach) Yan, 2019 Cornerstone Research

Rahul Chhabra, 2018 Charles River Associates

Koustav De, 2018 University of Kentucky

Paula Suh, 2018 University of Georgia

John Huck, 2016 University of Wisconsin, Milwaukee

Sahil Raina, 2016 University of Alberta

Christina Zafeiridou, 2016 Cornerstone Research

Matthew Linn, 2015 UMass Amherst

Kuncheng (KC) Zheng, 2015 Northeastern University

Current PhD students, the next generation of scholars preparing to solve the complex issues facing the finance field. 

Carlos Acuna Silva   [email protected]

Blessing Atakli     [email protected]

Natasha Boreyko   [email protected]

Tamanna Dubey   [email protected]

Giada Durante   [email protected]

Mayank Kumar   [email protected]

Filipp Prokopev   [email protected]

Shodi Saliev   [email protected]

Tae Uk Seo   [email protected]

Yuan Shi   [email protected]

Alex Tuft   [email protected]

Alex Wirth   [email protected]

Dual Degree in Law and Economics (JD+PhD)

The dual program in Law and Economics enables a small number of highly qualified students to pursue simultaneous work in both disciplines. The program is designed to enable students to substantially reduce the time usually required to earn the two degrees separately and to encourage meaningful integration of work in both fields. All requirements for both the JD and the PhD in Economics can be completed in six to seven years; some students may require a greater amount of time. Timely completion of the program will ordinarily require at least two summers in residence.

Students in the dual program receive superb training in legal and economic analysis, as well as informed insight into some of the most complex and difficult problems confronting government leaders, business executives, and scholars today. Graduates of the program are particularly well prepared for university teaching and research in both fields. Recent graduates of the program have also chosen to work as practicing economists, either in government or in private consulting firms. Those graduates who choose to practice law are uniquely well prepared to handle cases in administrative, antitrust, corporate, securities, commercial, labor, and environmental law.

The program provides a framework of basic requirements for each degree to encourage competence in both disciplines. Apart from these requirements, the program is flexible and permits students to shape individual courses of study in accordance with their particular interests and goals. Each student’s program is reviewed and approved by a dual committee composed of both Law and Economics faculty.

Information contained herein is valid as of 2/26/19 and is subject to change.

Contact the applicable admissions office or dual degree resource for more information.

Requirements

Applicants should have exceptional undergraduate records that include substantial work in Economics, as well as courses in statistics and mathematics, including calculus and linear algebra.

Applicants must gain separate and independent admission to both the graduate program in Economics in the Horace H. Rackham School of Graduate Studies and to the Law School. Applicants should indicate their interest in the dual program on both the Law and Graduate School applications. If you are enrolled in a graduate program in another school or department at the University, the Law School will accept a valid GRE , GMAT , or MCAT score in lieu of an LSAT score; otherwise, a valid LSAT score is required. *

Students entering the Law School must complete the required first-year law curriculum. Students must take one elective course of three or four credit hours during their second semester. All students must complete the following before graduation: at least one international or comparative law course of two or more credit hours, at least one upper-level course with a rigorous writing component, one statutory or regulatory course of three or more credit hours, one course in professional responsibility of two or more credit hours, and two credit hours of experiential learning. Separate courses must be taken to fulfill the upper-level course with a rigorous writing component, the professional responsibility course, and the experiential learning course Students admitted to the Law School must earn a minimum of 83 credits toward the JD , at least 71 of which must be earned in Law School courses.

Twelve (12) credit hours from Economics courses may be counted toward requirements for the JD . If you are admitted to the Rackham School of Graduate Studies and choose to pursue the JD / PHD program, you must notify the Law School’s Office of Student Records and Office of Student Life.

• Two terms of economic theory courses. One term of mathematics and two terms of econometrics, or the equivalent level of competence as demonstrated by passing written examinations.
• Four courses in specialized fields in Economics, two of which must form a sequence in a major field.
• One course concentrating on advanced theoretical or empirical techniques. This course may be counted as one of the four required field courses or, alternately in special circumstances and with the approval of the student’s adviser, may be taken in the Law School.
• Successful completion of three written preliminary examinations; one in microeconomics, one in macroeconomics, and one in the student’s major field.
• Advanced research paper, to be satisfied in concurrence with the Law School seminar requirement. Ordinarily, this paper will form the basis of the student’s dissertation.
• Doctoral dissertation; a research project on a significant topic of the student’s choosing. A dissertation proposal must be approved by a faculty committee, which also hears the student’s oral defense at the completion of the dissertation.

Students must satisfy the degree requirements of each school, and should consult with advisers in each school for the precise graduation requirements for each degree and for information about course offerings. Law School courses are not offered in the summer term. Students will not receive credit toward the JD for non-law coursework taken prior to matriculation at the Law School. Students should consult with the adviser at the companion school concerning credit toward the PhD for Law course work.

Tuition will be assessed at either the Law School or the Graduate School rate, whichever is higher, when courses toward both degrees are taken in one term. The combined degree is not open to those who have already earned one of the two degrees.

At the beginning of their final year of study in the combined program, students should consult with their Rackham academic adviser and the Law School’s Office of Student Records regarding forms that need to be completed prior to graduation. Also at this time, students should submit a Dual/Joint Degree Election Form ( www.rackham.umich.edu/current-students/policies/academic-records/dual-j… ) for approval from both the Law School and the Department of Economics.

Any JD who enrolls concurrently in another degree program will be awarded the JD degree after completing all of the requirements for the dual, joint, or combined degrees. (As a practical matter, this means that the student will receive the JD degree either after or at the same time as they receive the degree(s) in the other program(s).) This policy will not affect the student’s class year for purposes of the Law School’s commencement ceremony or alumni events, and it will not apply if a student discontinues the other degree program(s). A law student who believes that they will experience some hardship as a result of this policy may petition the Associate Dean for Academic Programming for an exception.

JD courses traditionally have a later grading deadline than other degree programs. On some occasions, this later JD grading deadline may affect a student in their final term if another degree program desires all of the student’s grades prior to the JD grading deadline.

Contact Information

Law School Admissions Office University of Michigan Law School Jeffries Hall, Suite 2200 701 S. State St. Ann Arbor, MI   48109-1215

Phone: 734.764.0537 Email: [email protected]  

Office of Student Life (dual degree programs) University of Michigan Law School 316 Hutchins Hall 625 S. State St. Ann Arbor, MI   48109-1215

Phone: 734.764.0516 Email: [email protected]

Office of Student Records University of Michigan Law School 300 Hutchins Hall  625 S. State Street  Ann Arbor, MI   48109-1215

Phone: 734.763.6499 Email: [email protected]

Department of Economics Doctoral Admissions Department of Economics University of Michigan 250 Lorch Hall 611 Tappan Ave. Ann Arbor, MI  48109-1220

Phone: 734.764.2360 Email: [email protected] Website: lsa.umich.edu/econ

Rackham Graduate School Admissions  0120 Rackham Building 915 E. Washington St. Ann Arbor, MI  48109-1070

Phone: 734.764.8129 Email: [email protected] Website: rackham.umich.edu/admissions/applying

Also of Interest

Zach Y. Brown Assistant Professor of Economics, University of Michigan

• Why Do Index Funds Have Market Power? Quantifying Frictions in the Index Fund Market

with Mark Egan, Jihye Jeon, Chuqing Jin, & Alex Wu

• Information and Disparities in Health Care Quality: Evidence from GP Choice in England

with Chris Hansman, Jordan Keener, & Andre Veiga Work in Progress

• Broadband Internet Access and Health Outcomes: Patient and Provider Responses in Medicare

with Jessica Van Parys Conditionally accepted, International Journal of Industrial Organization

• Collusion and Coercion with Naive Rivals

with Alexander MacKay

• Endogenous Information and Simplifying Insurance Choice

with Jihye Jeon Accepted, Econometrica

• Abstract: Insurance contracts are complicated and individuals may choose how much time and effort to spend understanding potential out-of-pocket costs and comparing plans. Building on the rational inattention literature, we develop a parsimonious demand model in which individuals choose how much to research difficult to observe characteristics, affecting the accuracy of their beliefs and subsequent choices. The model predicts that individuals acquire more information when the stakes are higher. Using prescription drug insurance data, we exploit within-individual variation in the stakes and show that the model provides an explanation for behavior that is inconsistent with standard demand models. Based on our framework, we estimate an empirical model of insurance demand and find that the marginal cost of acquiring information is higher for older enrollees and those with less prior experience with Medicare Part D plans. Counterfactual analysis sheds light on the welfare losses due to information frictions and how policy makers can restrict plan choice to simplify decision-making and raise welfare. Policies that decrease cost sharing also reduce equilibrium information costs. Overall, we argue that endogenous information acquisition has important implications for counterfactuals and welfare, in addition to supply-side incentives.
• Market Structure and Extortion: Evidence from 50,000 Extortion Payments

with Eduardo Montero, Carlos Schmidt-Padilla, & Maria Micaela Sviatschi Accepted, Review of Economic Studies Media: The Guardian , ProMarket , El Diario de Hoy

• An Empirical Model of Price Transparency and Markups in Health Care

Revise & resubmit, Journal of Political Economy

• Abstract: It is usually difficult for patients to compare out-of-pocket prices for medical services. What are the implications for prices and welfare? In order to understand the effects of price transparency, this paper develops an empirical model of demand and supply for medical imaging services that incorporates patients' limited information about prices. Estimation exploits the introduction of a price transparency website that informed a subset of patients. Counterfactual simulations imply a 22 percent reduction in prices if all patients had full information. However, the results also shed light on the barriers to widespread adoption of price transparency tools.
• Hospital Facility Prices Declined As A Result Of Oregon’s Hospital Payment Cap

with Roslyn Murray, Sarah Miller, Edward Norton, & Andrew Ryan Health Affairs , March 2024, 43(3): 424-432.

• Competition in Pricing Algorithms

with Alexander MacKay American Economic Journal: Microeconomics , May 2023, 15(2): 109-56. Media: Brookings , NPR , Financial Times , HBS , New Statesman , Fortune

• Product Proliferation under Rational Inattention: Application to Health Insurance

with Jihye Jeon AEA Papers and Proceedings , May 2021, 111: 554-59.

• Equilibrium Effects of Health Care Price Information

Review of Economics and Statistics , October 2019, 101(4): 699–712. Media: The Conversation , Washington Post , Wall Street Journal

• Abstract: This paper examines whether information frictions in the market for medical procedures lead to higher prices and price dispersion in equilibrium. I use detailed data on medical imaging visits to examine the introduction of a state-run website providing information about out-of-pocket prices for a subset of procedures. Unlike other price transparency tools, the website could be used by all privately insured individuals in the state, potentially generating both demand- and supply-side effects. Exploiting variation across procedures available on the website as well as the timing of the introduction, estimates imply a 3 percent reduction in spending for visits with information available on the website. This is due in part to a shift to lower cost providers, especially for patients paying the highest proportion of costs. Furthermore, supply-side effects play a significant role— there are lower negotiated prices in the long-run, benefiting all insured individuals even if they do not use the website. Supply-side effects reduce price dispersion and are especially relevant when medical providers operate in concentrated markets. The supply-side effects of price transparency are important given that high prices are thought to be the primary cause of high private health care spending in the US.

W2019, W2020, W2021, F2022, W2023, F2023, W2024

W2019, W2020, W2021, W2023, W2024

• December 2014
• MCMC estimation of random-coefficient logit demand
• MCMC estimation of GMM w/ autodiff
• MCMC estimation of demand with consumer uncertainty

Development economists at Michigan seek to advance knowledge on reducing poverty and improving human well-being in developing countries. Our faculty and Ph.D. students come from multiple departments and schools across the university. We meet weekly at the Economic Development Seminar (EDS) . We are proud of our alumni who bring their development expertise to academic, governmental, and non-profit institutions worldwide.

On May 17-18, 2024, we are holding the  MDev Conference  here in Ann Arbor. Paper submission deadline is Monday, Mar 25, 2024. 

Most Searched

Common questions.

School/College College of Literature, Science, and the Arts (LSA) URL https://lsa.umich.edu/lsa/academics/majors-minors.html#economics-maj

PhD Applications

Phd admission recommendations, table of contents.

• Graduate Application Mentoring Program (GAMP)
• Deadlines to submit applications
• PhD application step-by-step
• Previous degrees required
• Course prerequisites/deficiencies
• Test of English as a Foreign Language (TOEFL)
• Letters of recommendation
• Additional information

Deadlines To Submit Applications

Application deadline for Fall 2024 PhD: December 10, 2023.

PhD applicants are only accepted for entry in the Fall semester.

PhD Application Step-by-Step

1. Fill out the application

Applying to U-M Ann Arbor (Rackham Graduate School Link)

2. Statement of purpose

Must include areas of interest in the top corner

3. Personal statement Some suggested topics for your personal statement are:

• Volunteer and/or community service;
• Extra-curricular activities;
• Leadership activities;
• Educational, cultural, geographic or socio-economic background underrepresented in your discipline of graduate study;
• Financial hardship;
• First generation U.S. citizen or first generation in family to graduate from a four-year college.

4. GRE scores

A GRE score is not required for applicants who apply for Fall 2024 PhD

5. Three letters of recommendation

If you apply online, we encourage you to submit your letters electronically. At least TWO of your letters should be from faculty.

6. Transcripts

Submit a transcript for each Bachelor’s, Master’s, Professional or Doctoral degree earned or in progress. For instructions on submitting transcripts, please see the  Rackham Graduate School website . Applicants will upload a copy of the official transcript and enter a “self-reported” GPA when applying online. Official paper transcripts/documents are only required if a student is admitted, and these must be submitted by the end of the first term of enrollment.

All credentials submitted for admission consideration become the property of the University of Michigan and will not be returned in original or copy form.

7. International applicants must also send

Include one set of: Official transcripts, certificates, and diplomas in the original language, in addition to an English translation.

TOEFL scores sent from ETS (institution code 1839)

8. Application fee

There is a $90.00 application fee for international applicants.  

Domestic and Permanent Resident applicants are eligible for an application fee waiver. This will automatically apply to your application.  

Undocumented or DACA Applicants are also eligible for application fee waivers here.

While very limited, in certain circumstances, International applicants may be eligible for an application fee waiver administered by the Rackham Graduate School. For information about eligibility criteria and instructions for various fee waiver programs, visit this page.

9. Decision notification

All applicants who are offered admission are notified via e-mail as soon as a decision is reached. PhD admission/financial aid offers will be sent via e-mail mostly during the months of February and March. Notification to applicants who do not receive admission are sent in early-April. The Graduate Admission Committee is working very hard to finish reviewing your application. Once an admission decision has been made by the committee, we will notify you by e-mail. Thank you for your patience.

Previous Degrees Required

Admission to the PhD program does not require a Master’s degree. Qualified students who hold a bachelor’s degree in engineering, science or mathematics may apply directly to the PhD program.

COURSE PREREQUISITES

Most of our classes require and assume that the students are knowledgeable in one or more of the following subjects: linear algebra, calculus-based probability, calculus-based statistics, and computer programming. If you are admitted to the Master’s or PhD programs, the department will provide a list of descriptions of University of Michigan courses frequently used to satisfy these prerequisites to help you ascertain your knowledge of the above topics, and, if needed, attain the necessary background. We will provide an opportunity to review the highlights of these subjects together with your fellow entering students before the fall semester begins. We will also recommend classes at the University of Michigan if you prefer to take them during your graduate studies.

Test Of English As A Foreign Language – (TOEFL)

• take the verbal and written English tests given by ELI (English Language Institute);
• report the results to the IOE graduate program advisor, and
• abide by any recommendation made by his or her counselor or the Graduate Program Advisor for remedial coursework.

Letters Of Recommendation

• Letters of recommendation should be submitted online, but hard copies may be submitted if that is not possible. Remember to add sufficient time for hard copies to reach us by the application deadlines.

Additional Information

Please send requests to:  [email protected]

Economics is the study of how people choose to use resources.

Economics includes the study of labor, land, and investments; of money, income, and production; and of taxes and government expenditures. Economists seek to measure well-being, to learn how well-being may increase over time, and to evaluate the well-being of the rich and the poor.

More about Economics

Economics is a social science that studies choices and decisions at the individual, business and national levels. It offers explanations and solutions to issues and concerns such as inflation, unemployment, crime, poverty and the environment. An economics degree provides versatility and critical thinking skills for practical problem solving, which is an excellent preparation for the workplace of  the future. Understanding models, applying quantitative analysis to real world data to examine and reveal relationships are integral parts of the economics program and build a skill set that is and will be in demand.

For additional information on studying Economics, contact:

Warren Anderson ,  Ph.D. Associate Professor Economics Discipline Representative

Hans Czap , Ph.D. Associate Professor Faculty Student Advisor

Economics is good background for a wide variety of fields. … it gives our students great flexibility to go into a wide variety of fields, or to adapt to a changing market. — DR. PATRICIA SMITH

Program Goals

Interest areas and career paths, degree requirements & honors.

This page lists the requirements for students seeking an undergraduate concentration in economics. For more detailed listings of course requirements please go to the  CASL Advising and Academic Success website  or talk to your Economics advisor.

Requirements for Major

• All students must complete the basic curriculum of ECON 201, 202, 301, 302, and 305.  Only one of the 300-level courses can be transferred to UM-Dearborn. 
• You must take a specific math course before taking these courses (see the  CASL Advising and Academic Success website for specifics). 
• You must also take five other courses in economics; at least one must be at the 4000 level. 
• You must also take 6 credits in cognate courses (courses outside of Economics) that you select from a specified list of courses in subjects like accounting, computer & information science, computer & computational mathematics, political science, history, or sociology.  Internships and independent study courses may not be used to satisfy the cognate requirement. (see the  CASL Advising and Academic Success website or speak to your Economics advisor for specific courses). 

Requirements for Minor or Area of Focus

• A minor or area of focus consists of 12 credits in upper-division (300, 400, 4000-level) Economics courses. ECON 398 may not be used to satisfy this requirement.
• You must have at least a 2.0 grade point average for the 12 hours of upper-division Economics courses. 
• There are restrictions on how many transfer credits, internships, or “S/E” courses can be used to fulfill the 12 credit requirement.  (see the  CASL Advising and Academic Success website  or speak to your Economics advisor for specifics)
• Minors are NOT automatically granted.  You must petition for recognition of a minor upon completion of the required coursework.  Petition forms are available at the  CASL Advising and Academic Success office .

Recommendations

• You should take ECON 301 and 302 no later than your junior year. 
• We strongly recommend that you take ACC 298 (Principles of Accounting) and ECON 4015 (Econometrics). 
• If you’re considering graduate study in economics we advise you to take one year of calculus, MATH 217 (matrix algebra), ECON 4015, and ECON 4065.

There are restrictions regarding

• The use of courses to satisfy both Distribution and Major/Cognate Requirements.
• The number of economics credit hours or other discipline credit hours that can count towards the degree.
• Grade point averages required to graduate.
• The use of Directed Research for satisfying major requirements.
•  Various other matters.

Please see the  CASL Advising and Academic Success website or speak to your Economics advisor for specifics.

Economics Honors

The Honors Designation in Economics will be awarded to students who: 1) successfully complete all the requirements for the Economics Major; 2) pass at least two 4000 level courses (not including Econ 498 nor 499) with grades of B+ or higher in each class; 3) complete a research paper as a component of a three credit hour Directed Research (Econ 499); 4) graduate with an overall GPA of 3.25 at UM-Dearborn, and a 3.5 GPA in upper division Economics classes. The transcripts of students who receive this designation will indicate “Economics Honors.”

Honors Designation in Economics application

Internships

Internship opportunities are available for students to gain practical knowledge in their areas of study and improve their employment prospects upon graduation.

Economics Internships

CASL offers non-paying, off-campus educational opportunities for academic credit in a number of disciplines. The Economics Internship, which appears in the course schedule as ECON 398, offers students field experiences with businesses, non-profit organizations and government agencies. The placement allows students to get hands-on experience applying the tools of economic analysis to specific job and project assignments. Student interns spend either 8 or 16 hours per week in unpaid work at their placement site, for which they earn either 3 or 6 academic credits. Only three credit hours may be used to satisfy the concentration requirements in economics. All interns are assigned to an economics faculty advisor.

Economics Internship Application 

For complete information, visit the Economics Internship page.

DEADLINE: 

The earlier you apply for an internship, the greater likelihood that you will receive an offer and be placed in your ideal organization. Make sure that you apply at least one semester before you plan on doing an internship. 

The final deadline for uploading your application form and resume is three weeks before the first day of final examinations in the preceding semester. For example, if you wish to intern in the fall semester, your last day to apply is three weeks before the first day of final exams for the summer semester.

Economics Internship structure

Sponsored by the Department of Social Sciences, College of Arts, Sciences, and Letters, University of Michigan-Dearborn, and initiated by the Economics Faculty in 1978. Enrollment: limited to Economics Majors, Seniors and Juniors, by application and selection. Students must have completed two of Econ 301, Econ 302, and Econ 305; Econ 305 (statistics) is especially recommended. Time commitment and academic credit: Economics 398 involves 8-16 hours of unpaid work per week for the academic term, and regular reporting sessions with Economics faculty on campus, for 3-6 hours of S/E academic credit.

Intern placements occur on a trimester academic calendar:

Fall: September-December

Winter: January-April

Spring/Summer: May-August

Program Goals for the Student-Interns:

. . . to participate in, and contribute to, an ongoing enterprise in order to relate economic theory to practice. . . . to observe, analyze, and report-on-the-job experiences so as to gain insights into working cooperatively to accomplish institutional objectives. . . . to improve abilities to formulate meaningful questions and to pose possible solutions in order to improve problem-solving techniques. . . . to define career opportunities and goals.

Sample List of Recent Placement Sites: Economics Internship Program

• 8 Mile Boulevard Association
• Citizens Research Council of Michigan
• Detroit Economic Growth Corporation
• Federal Reserve Bank (Detroit)
• U.S. Department of Commerce - International Trade Administration
• Washtenaw County Office of Community & Economic Development
• Wayne Main Street (a downtown development authority)

For further information, contact the CASL Internship Office .

Student clubs & organizations.

Economics students may also be interested in other clubs and organizations in Social Sciences, throughout CASL, and across campus.

Membership in Omicron Delta Epsilon (ODE), the international honor society in economics

Membership in ODE confers official recognition of overall scholastic achievement and of outstanding achievement in the field of economics. Members of ODE receive a membership card, certificate of membership, and a one-year subscription to The American Economist, the official journal of the ODE, and have opportunities to attend conferences. Eligibility requirements are the following:

1) Complete at least 12 credit hours of upper-division economics courses at UM-Dearborn. One of these courses must be a core course (ECON301, ECON302, or ECON305). Each of the courses must be taken for a letter grade (A-E). 2) Have a cumulative grade point average (GPA) of at least 3.0 in all completed courses at UM-Dearborn. 3) Have a cumulative grade point average (GPA) of at least 3.2 in completed economics courses at UM-Dearborn. 4) There is NO requirement that a student be an economics major to be eligible for membership.

If interested in applying for membership, contact the discipline and submit a copy of your transcript (may be unofficial) anytime. Processing takes a few weeks before membership becomes official. Your transcript will verify that your academic record satisfies the eligibility requirements. A $40 membership fee (lifetime membership) and a completed application form must be submitted, which will be sent to the national ODE organization. Plaques and ODE pins and keys are also available at additional cost and can be requested on the application form.

Economics Club

The Economics Club is a student led organization open to all UM-Dearborn students interested in economics. The Club organizes activities such as faculty research presentations, panel discussion on current economics events and career planning, and social gatherings. It's a good way to meet and network with others interested in economics.

If you're interested in connecting with the Economics Club e-mail Professor Antonios Koumpias at [email protected] .

After serving at UM-Dearborn for more than 30 years, Professor Patricia Smith is retiring.

Help honor her work with a gift to the UM-Dearborn Economics Scholarship Fund. Your gift ensures that future students will have the opportunity to learn the skills of economic reasoning and quantitative analysis for years to come. 

Natalia V. Czap

Warren Anderson

Carol Hogan

Antonios Koumpias

Ilir Miteza

Daniel mulder.

David Sobiechowski

Related resources.

• Economics Newsletter
• Student Awards
• Behavioral & Experimental Economics & Policy Laboratory
• Resources to Support Your Study of Economics

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Economics at University of Michigan - Ann Arbor

We've gathered data and other essential information about the program, such as the average salary of graduates, ethnicity of students, how many students graduated in recent times, and more. In addition, we cover how U-M ranks in comparison to other schools with economics programs.

Go directly to any of the following sections:

• Available Degrees
• Student Debt
• Student Demographics
• Related Majors

Economics Degrees Available at U-M

• Bachelor’s Degree in Economics
• Master’s Degree in Economics
• Doctorate Degree in Economics

U-M Economics Rankings

U-M is in the top 10% of the country for economics. More specifically it was ranked #29 out of 497 schools by College Factual. It is also ranked #1 in Michigan .

Popularity of Economics at U-M

During the 2020-2021 academic year, University of Michigan - Ann Arbor handed out 618 bachelor's degrees in economics. This is an increase of 5% over the previous year when 586 degrees were handed out.

In 2021, 93 students received their master’s degree in economics from U-M. This makes it the #10 most popular school for economics master’s degree candidates in the country.

In addition, 17 students received their doctoral degrees in economics in 2021, making the school the #24 most popular school in the United States for this category of students.

How Much Do Economics Graduates from U-M Make?

Salary of economics graduates with a bachelor's degree.

The median salary of economics students who receive their bachelor's degree at U-M is $62,024. This is higher than $45,868, which is the national median for all economics bachelor's degree recipients.

How Much Student Debt Do Economics Graduates from U-M Have?

Student debt of economics graduates with a bachelor's degree.

While getting their bachelor's degree at U-M, economics students borrow a median amount of $19,690 in student loans. This is not too bad considering that the median debt load of all economics bachelor's degree recipients across the country is $22,987.

The typical student loan payment of a bachelor's degree student from the economics program at U-M is $853 per month.

Related Programs

Learn about other programs related to Economics that might interest you.

Science & Engineering Bachelors Programs (I Have a HS Diploma or Associate Degree)

Science & Engineering Diploma Programs (I Have a HS Diploma or Associate Degree)

Economics Student Diversity at U-M

Take a look at the following statistics related to the make-up of the economics majors at University of Michigan - Ann Arbor.

U-M Economics Bachelor’s Program

The economics program at U-M awarded 618 bachelor's degrees in 2020-2021. About 65% of these degrees went to men with the other 35% going to women.

The majority of bachelor's degree recipients in this major at U-M are white. In the most recent graduating class for which data is available, 54% of students fell into this category.

The following table and chart show the ethnic background for students who recently graduated from University of Michigan - Ann Arbor with a bachelor's in economics.

U-M Economics Master’s Program

For the most recent academic year available, 57% of economics master's degrees went to men and 43% went to women.

The following table and chart show the ethnic background for students who recently graduated from University of Michigan - Ann Arbor with a master's in economics.

Most Popular Majors Related to Economics

View All Economics Related Majors >

• National Center for Education Statistics
• O*NET Online
• Image Credit: By Dwight Burdette under License

More about our data sources and methodologies .

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