best phd programs econ

2023-2024 Best Economics Schools

Ranked in 2022, part of Best Social Sciences and Humanities Schools

With a graduate degree in

With a graduate degree in economics, students may find jobs as analysts and economists in the government, multinational corporations, higher education and business organizations. These are the top graduate schools for economics programs. Each school's score reflects its average rating on a scale from 1 (marginal) to 5 (outstanding), based on a survey of academics at peer institutions. Read the methodology »

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Program rankings

The following organizations rank graduate economics programs using various approaches:

• US News and World Report 2023 Best Economics Schools
• US News and World Report Ranking of the Best Global Universities for Economics and Business
• RePEc Ranking of Institutions
• Tilburg University Top 100 Worldwide Economics Schools Research Rankings
• National Academies of Sciences, Engineering, and Medicine 2011 Ranking

Academic research evaluating economics programs

• Amir, Rabah and Malgorzata Knauff. 2008. " Ranking Economics Departments Worldwide on the Basis of PhD Placement ." Review of Economics and Statistics , 90 (1), pp. 185-90.
• Grijalva, Therese C. and Clifford Nowell. 2008. " A Guide to Graduate Study in Economics: Ranking Economics Departments by Fields of Expertise ." Southern Economic Journal , 74 (4), pp. 971-96.
• Kalaitzidakis, Pantelis, Theofanis P. Mamuneas, and Thanasis Stengos. 2011. " An Updated Ranking of Academic Journals in Economics ." The Canadian Journal of Economics , 44(4):1525-1538.
• McPherson, Michael A. 2012. " Ranking US Economics Programs by Faculty and Graduate Publications: An Update Using 1994-2009 Data ." Southern Economic Journal , 79 (1): 71-89.  

Graduate degrees in economics

Understanding the job market.

PhD Program

Year after year, our top-ranked PhD program sets the standard for graduate economics training across the country. Graduate students work closely with our world-class faculty to develop their own research and prepare to make impactful contributions to the field.

Our doctoral program enrolls 20-24 full-time students each year and students complete their degree in five to six years. Students undertake core coursework in microeconomic theory, macroeconomics, and econometrics, and are expected to complete two major and two minor fields in economics. Beyond the classroom, doctoral students work in close collaboration with faculty to develop their research capabilities, gaining hands-on experience in both theoretical and empirical projects.

How to apply

Students are admitted to the program once per year for entry in the fall. The online application opens on September 15 and closes on December 15.

Meet our students

Our PhD graduates go on to teach in leading economics departments, business schools, and schools of public policy, or pursue influential careers with organizations and businesses around the world. 

Department of Economics

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The rigorous PhD economics program at Johns Hopkins is among the best in the nation. With its world-class faculty, individualized attention, and small classes, the doctoral program is the centerpiece of the Department of Economics. From financial analysis to applied research, students are well-prepared to be leaders in the field.

The department is dedicated to maintaining strong research and teaching cores in applied microeconomics, economic theory, macroeconomics, and econometrics. Faculty members are experts in their fields, and they are actively involved in thesis supervision and research seminars . The unique Hopkins difference is the direct interaction and one-on-one attention students receive from faculty. Such attention opens the door to myriad opportunities for students to conduct groundbreaking research, apply complex economic theories, and make educated financial analyses and predictions.

Student Life

Graduate students enjoy a diverse social life outside of the department’s rigorous curriculum and their individual research interests. Faculty and students – from both inside and outside the department – have ample opportunities to spend time together socializing and discussing their studies. 

In addition to frequent student-planned happy hours, social outings, and local events, the Department of Economics and the JHU Graduate Representative Organization host many functions throughout the year.

• At the beginning of the fall semester, the Department of Economics hosts a welcome dinner and party to encourage new students to meet their peers, older students, and faculty.
• The department throws an annual holiday party immediately following completion of the first term, as well as an end-of-year barbecue to celebrate the completion of the spring semester.
• JHU sponsored coffee “happy hours” offer graduate students opportunities to meet people from outside their department.
• Intramural sports are popular among graduate students at Hopkins, and the economics department often forms teams that compete against other departments.

Students and faculty members often know each other by name before taking classes together, and first-year students enjoy straightforward access to faculty members and their more experienced peers. This collegial atmosphere makes for an easy transition into graduate life and comfortable communication once research begins in earnest.

Economics across JHU Schools

Carey business school.

The Johns Hopkins Carey Business School is the graduate business school of Johns Hopkins University and offers full-time and part-time programs leading to the Master of Business Administration and Master of Science degrees.  The School has a number of distinguished economists who interact with the faculty and graduate students in the Department of Economics.

School of Advanced International Studies

The Paul H. Nitze School of Advanced International Studies is a graduate school of Johns Hopkins University based in Washington, D.C., United States, with campuses in Bologna, Italy, and Nanjing, China. It is consistently ranked one of the top graduate schools for international relations in the world.  The economists at the school interact with the faculty and graduate students in the Department of Economics.

Advanced Academic Programs Applied Economics

The Johns Hopkins Division of Advanced Academic Programs is a  division of the Krieger School of Arts and Sciences in Washington DC which offers high-level graduate-level education in Applied Economics, with a variety of Masters Degrees designed to build on the intellectual strength and educational requirements of professional adults.

20 Best Doctor of Economics Graduate Schools

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Updated: March 12, 2024 , Reading time: 35 minutes

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The Doctor of Economics (Doctor of Economics, Ph.D.) is an advanced, terminal degree representing the highest level of academic achievement in economics. It can open doors to research, teaching, and consulting opportunities in the field of economics and beyond.

A doctorate program in Economics usually takes about 5 to 6 years to complete. The first two or three years are spent fulfilling coursework requirements. The first year of study is usually dedicated to completing the trifecta of economics basics: macroeconomics, microeconomics and econometrics. 

The second doctorate year is dedicated to completing the coursework requirements of the chosen field major(s) and or the electives. The chosen majors are usually indicators of the student’s research direction or field of interest.

If the electives are separate from the majors in the curriculum – and these usually are – they serve the purpose of augmenting the student’s learning and background in preparation for further research and the dissertation requirement. 

Quick audio summary:

The third year of study usually finds students either completing the electives and major courses or writing and defending a third-year paper, which helps students prepare for the dissertation proposal.

The dissertation proposal presentation usually takes place in the fourth year, while the fifth and sixth years (and sometimes, the seventh year) are spent executing the approved research plan and writing the final paper to the dissertation committee.

When the dissertation has been accepted, the title of Doctorate in Economics is conferred. 

Exams are also important milestones within the program. Usually, one or two preliminary exams are administered between the second and third years.

These preliminary exams test a student’s comprehension of macroeconomics and the courses taken as part of the field majors and elective requirements. The oral exam, usually administered between the third and fourth years, represents the dissertation proposal defense. 

METHODOLOGY

• For each school, the research areas or fields with the greatest faculty involvement are mentioned as a guide for students to help them decide on their research direction and prospective thesis adviser. Certain schools are known to specialize in some areas, or some areas will have a high faculty research involvement and, thus, denotes a strong research area for that school’s economics department. 
• Published works in peer-reviewed journals, 
• The number of research areas available in a school’s economics department, also the number of inter-disciplinary research areas available, signifies that the department embraces the integration and application of economics with other relevant disciplines, thus providing a more holistic, interconnected, timely and modern understanding of economics as it relates with relevant disciplines like finance, politics, policy, sociology, sustainability, health, business, information systems, entertainment (games, auctions) and even neuroscience (as it relates to the physiology of decision-making),
• Side note: this is why Caltech tops this list, while it is not a prominent name  in traditional and semi-contemporary economics research, it does groundbreaking work in integrating economics with the abovementioned fields, especially with neuroscience, which should open the doors for more collaborative studies in these particular fields
• The number of research centers or institutes a school’s economics department has or with which it is affiliated, 
• The number of fellows or researchers or associates in professional societies and national agencies like the National Academy of Sciences, or the National Bureau of Economics Research, the American Economic Association and other societies; the number of Nobel laureates for Economics are also factored in the ranking,
• R&D expenditures , whether privately or federally financed, also denotes research activity and thus, research contribution,
• The school’s prominence in various academic ranking reports is also a factor (averaged) in the rankings. 
• Since many schools are tied based on the methodology itemized above, many schools are clustered together and share the same ranking (numbers 2, 3, and 5). For those that are clustered in one ranking, they are listed alphabetically. 

THE 20 BEST DOCTOR OF ECONOMICS GRADUATE SCHOOLS

California institute of technology (caltech) division of the humanities and social sciences.

Pasadena CA

Ph.D. in  Social Sciences (focus on Economics)

Caltech’s Division of Humanities and Social Sciences (HSS) is home to the field of experimental economics, thanks to its alumnus Vernon Smith of class 1949, who pioneered the use of human test subjects to investigate the interaction between markets and economic and financial institutions. In 2002, he was awarded the Nobel Prize in Economics for this groundbreaking research method today. 

• Caltech offers a Ph.D. program in Social Sciences that takes a modern and collaborative approach to economics by enveloping it in an all-encompassing program covering economics, political economy, history, political science, psychology, law, policy and even anthropology. 
• The program also employs an innovative approach to economic research through laboratory experiments and neuro-imaging technology.
• Applicants and incoming Ph.D. students should demonstrate a solid background in calculus (four semesters), linear algebra, mathematical statistics and real analysis. 
• Applied Microeconomics
• Business, Economics and Management
• Economics and Computer Science
• Economic History
• Economic Theory
• Political Economy
• Social and Decision Neuroscience
• Statistical Methodology
• Faculty involvement in these research areas is highest with the first two fields mentioned.

Standout Features of the Program:

The faculty in charge of the Ph.D. SS program is comprised of nearly 40 professors and researchers hailing from various disciplines –  from economics, finance, social science, computational sciences (math and statistics), political science to neuroscience. The majority of the faculty are specialists in economics, with about a fifth of the faculty being specialists in neuroscience. 

The basic operator of economics is decision-making, and Caltech’s HSS Division recognizes that. In line with its tradition of innovation and breaking ground, HSS offers an alternative to the Social Science Ph.D. program, the Ph.D. program in Social and Decision Neuroscience. Students under this program will learn how to devise neurocomputational models and integrate mathematics, statistics, neuroscience, and information science to get to the bottom of human decision-making abilities – the triggers, the stimulants, and the nuances.

Harvard University Department of Economics

Cambridge, MA

Ph.D. in Economics

Since its establishment in 1897, Harvard’s Department of Economics has been consistently regarded as one of, if not the most selective Economics Ph.D. program in the U.S. today.

It offers courses and programs at every level, taught by nearly 60 faculty members who are renowned industry economists and or researchers. 

• Applicants must possess an above-undergraduate level of understanding of economics. They are also required to have research experience, whether at the helm or as a research assistant.
• Mathematics courses are also required, with the minimum being linear algebra and calculus, but the more mathematics courses are taken at the undergraduate and master’s levels, the better. A background in probability, statistics and computer programming may also be advantageous. 
• Additionally, a major requirement for admission is a 15-page writing sample.
• Second-year students are expected to elect two concentrations or emphases and enroll in courses related to these. 
• Third-year students are required to apply for teaching fellowships.

The department faculty does research in a wide array of fields in economics, such as labor economics, public economics, macroeconomics, and behavioral economics, among others.  These are also the four research areas with the highest activity based on faculty involvement.

The department is involved in four research initiatives that study how human behavior , big data , public policy , and microeconomics impact the discipline of economics as a whole and vice-versa. The department’s esteemed academe leads these initiatives, with one of the four centers, the German Administrative Data Project , representing an investigative collaboration between Harvard Economics and the German Federal Employment Agency. 

Princeton University  Economics Department

Princeton, NJ

Princeton Economics has always been at the forefront of economic research and innovation. Two of its faculty members are Nobel laureates, and the department consistently publishes research in various esteemed publications such as the Journal of Economic Dynamics and Control and the American Economic Review , to name a few. 

• The graduate program in Economics is one of the most highly selective, as it only accepts a maximum of 25 students per year. 
• Students are expected to receive financial support throughout their freshman year through fellowships. The fellowship funding may also be extended during the summer term to help fund their research activities. 
• The program is a straightforward doctorate program with no option for a master’s degree. 
• Students can choose from any of the 28 research areas , which, aside from the traditional research areas, also include contemporary subfields like health economics, environmental and energy economics, political economy of China, structural microeconomics and, urban and spatial economics.

Princeton Economics consists of 80 faculty members actively researching various economic fields, as mentioned above. Many of the department’s research concentrates on financial economics, political economy, economic theory, and labor economics. 

Princeton Economics is affiliated with 16 research centers that touch on the various facets of economics, such as macroeconomics, international economics , and public policy. Under public policy alone, there are three research centers: Princeton Program in Public Finance , Julis-Rabinowitz Center for Public Policy & Finance , and the Griswold Center for Economic Policy Studies . 

University of California Berkeley Department of Economics

Berkeley, CA

Berkeley Economics is a pioneering force in diversity and equality. Soon after its establishment in 1903, the department was home to Berkeley’s first female full-time professor, Dr. Jessica Peixotto. Female faculty members would then flock to Berkeley Economics in waves – first, before WWI, and second in the early ’70s.

• The Ph.D. program in Economics usually takes six years to complete, with the first three devoted to coursework and electing preferred research fields in preparation for doctoral candidacy, while the last three years are devoted to completing the dissertation.
• First-year students are required to take courses in the following areas: macroeconomics, microeconomics, mathematics for economics, econometrics, theory, history and research in economics.
• Second-year students are expected to undergo examinations for their chosen fields. They can choose two from the 23 areas offered by the department, which also include alternative fields like Urban and Regional Economics, Health Economics, City and Regional Planning, Education and Economics, and Resource Economics.
• Third-year students are expected to complete the required semester-long Departmental Seminars (any available seminar for the current term). Only then will they be allowed to undergo the doctoral qualifying exams, mostly composed of the dissertation proposal.

Standout Features of  the Program:

Students can engage in any of the 18 research fields available within the department, including traditional fields like theory and econometrics, alongside contemporary fields like monetary theory and behavioral economics.

Research fields with the highest faculty involvement, ergo, research activity, are the fields of finance, international economics, labor economics, macroeconomics, and public economics. 

Berkeley Economics is affiliated with 14 research centers , which include the Opportunity Lab for policy research, the Econometrics Laboratory (EML) , and the Center for Effective Global Action , to name a few, which provides researchers an avenue for the practical application of economic research. 

University of Michigan Department of Economics

Ann Arbor, MI

Michigan’s Department of Economics comprises nearly 70 professor-researchers involved in the various fields of economics. The department does research in 14 areas , including traditional areas like labor economics and industrial organization (which are the fields with the greatest faculty involvement) and contemporary areas like health economics and environmental and resource economics.

• The Ph.D. program in Economics, while taught and offered by the Department of Economics, is administered by UM’s Rackham Graduate School. All applications will be screened centrally, which, for AY 2020, will not include or require GRE results. 
• The program also offers the option of double doctorates through its joint program offerings . Econ Ph.D. students can also choose to pursue a second Ph.D. in Business, Public Policy, or a field of their choosing through the Individually Interdependent Degree Program (IIDP) , also known as the Student Initiated Degree Program (SIDP).
• While first-year students are required to complete the traditional introductory courses (macro, micro, econometrics and math), second and third-year students are expected to complete courses in the various fields of economics, from advanced methods to monetary economics, labor economics, industrial organization, international economics, to public finance, among others. 

The Michigan Institute for Teaching and Research Education (MITRE) is a research hub out of UM Economics that houses faculty and student investigative work in various economic fields. It is also a teaching initiative that provides aspiring Econ instructors with valuable training and project collaborations.  It also provides funding for research, such as the William Haber Fellowship . 

UM, Economics has an impressive track record in job placement year after year. For AY 2019-2020, many of its graduates are now tenure-track faculty members in renowned universities such as Harvard, Stockholm University, and Tsinghua University, while some secured roles in public financial institutions like the Treasury Department, the Congressional Budget Office, the World Bank, and the International Monetary Fund, to name a few. 

University of Pennsylvania School of Arts and Sciences

Philadelphia, PA

Penn Economics is hailed as among the country and the world’s top schools for economics. Its prominence is mostly attributed to the three major economic research centers it houses or is affiliated with: the Penn Institute for Economic Research (PIER) , the Philadelphia Federal Statistical Research Data Center (PFSRDC) , and the Penn Initiative for the Study of Markets (PISM) .

Additionally, it is also the home of one of the world’s esteemed publications in economics, the International Economic Review (IER). 

• The Doctorate in Economics program is a straightforward graduate program with no option for a master’s degree. Also, only full-time enrollments are accepted into the program.
• First-year students must complete courses and the corresponding preliminary exams in econometrics, macroeconomics and microeconomics. 
• Second-year students are required to complete the Empirical Economics requirement , a set of courses that circle the application of economic theories and instruments on various actual economic institutions. 
• Third-year students are expected to complete workshop courses, while fourth-year students must complete their dissertation proposals before the spring term concludes. 

While the Penn Economics faculty does research mainly in four areas of economics – econometrics, macroeconomics, empirical microeconomics, and microeconomic theory, what makes the department and, by extension, the program, stand out is the faculty’s extensive involvement in published work, whether through books , papers , and publications in peer-reviewed journals . 

The International Economic Review (IER) is a product of Penn Economics and Osaka University published every quarter since 1960. It is a highly regarded, world-leading peer-reviewed journal in economics. 

Massachusetts Institute of Technology Department of Economics

Ph.D. in  Economics

MIT Economics has been at the forefront of civil service and research since the late 1800s, with the involvement of then Brigadier General and MIT President Francis Amasa Walker in the U.S. Census.

Amasa also established the American Economic Association and became its first president. Right around WWII, the department would then offer master’s and doctorate degrees in economics. 

• The Ph.D. in Economics program exposes students to rigorous research work as early as the first year of study. 
• First and second-year students are required to complete the following core courses: Micro Theory, Macro Theory, Econometrics, and Statistical Method in Economics & Applied Econometrics, as well as a course on Advanced Research and Communication. 
• Second-year students submit a research paper to fulfill the requirements for the Econometrics course.
• Students are also required to elect four concentrations or special fields – two majors and two minors – from which they need to complete the prescribed coursework. 

Students can select from any of the ten concentrations for their major and minor declarations. The fields also denote the research areas under which the department faculty are involved, with the areas of theory, macroeconomics, and international economics with the highest research activity. 

MIT Economics is home to five research centers .  Among these include the MIT-Central Banks collaboration World Economy Laboratory and the Center for Energy and Environmental Policy Research , which is the brainchild of three MIT schools and centers – Economics, the Energy Initiative, and the Sloan School. 

Yale University Department of Economics

New Haven CT

Yale University’s Department of Economics is composed of more than 50 faculty members who are experts in 14 areas of economics.  Among the department’s strongest and most active areas in terms of research are Industrial Organization, Microeconomics, Macroeconomics, and Public Economics.

• The Ph.D. in Economics program must be completed within six years of registration. Students must reside in New Haven for a minimum of three years during enrollment.
• Students must complete a minimum of six graduate courses in economics to be admitted into the second year of graduate studies. 
• All Yale graduate students are required to meet the “Two Honors” requirement. For Econ doctorate students, this means completing two economics graduate courses with a minimum grade of H-, which should be completed by the end of the second year. 
• The student’s third year should also complete the qualifying exam for doctoral candidacy. Students are given two attempts to take their first attempt as early as their second year.

Students can choose to do research in any of the department’s 13 research areas , including foundational fields in economics such as macroeconomics, microeconomics, econometrics,  economic history, and financial economics.

With a faculty comprised of 50 professors (both tenured and non-tenured) and an average Ph.D. enrollee count of 125, Yale Economics provides an optimum faculty/student ratio of one professor to two or three students. This optimum ratio is considered one of the best among all the economic schools in the U.S.

Brown University Department of Economics

Providence RI

Brown University’s Department of Economics is home to the Orlando Bravo Center for Economic Research , which is the university’s research hub for all things economics.

Brown Economics is also home to the editors of many of the discipline’s respected peer-reviewed journals like the American Economic Journal and the Journal of Economic Growth . 

• Brown University’s doctorate in Economics boasts strong research and training in economic analysis and theory.
• First-year students must complete the following courses: Econometrics, Macroeconomics, Microeconomics, Mathematics, and Applied Economics Analysis.
• Students are also required to attend seminars or colloquia , and they can choose from topics like macroeconomics, applied microeconomics, econometrics and economic theory. 
• Students can choose to research any of the five research areas the faculty are involved in. Finance, macroeconomics, applied microeconomics, econometrics, and experimental and economic theory. 

The Department of Economics is helmed by 30 esteemed faculty members , societal fellows, research grant recipients, and editors of academic literature (book and journals). Students will have no shortage in the choice of a thesis adviser. As for funding, students can consider applying for in-house funding through the Bravo Center Research Grant .

Students looking to do integrative research in population, policy development, and economics can engage with the university’s Population Studies and Training Center . Aside from demographics and social mobility, the center also tackles community-level issues like reproductive health and other national and global issues like health economics, urban economics, environmental economics, and diversity and inequality. 

New York University Department of Economics

New York, NY

NYU Economics is a research powerhouse that not only boasts of Nobel laureates in Economics and National Academy of Science fellows.

It is also home to various research institutes such as the Development  Research Institute (DRI) and the Center for R e search in Applied and Theoretical Economics (CRATE) , which aim to deepen and expand the tenets of economics, and the Institute for the Study of Decision Making (ISDM, or the Center for Neuroeconomics), which is an interdisciplinary research institute combining economics, neuroscience, psychology, medicine, and information systems. 

• NYU Economics only accepts full-time enrollment for its Ph.D. program. Enrolled students must complete a minimum of 72 credits, with at least 64 credits earned while in campus residence.
• Minimum coursework requirements for first-year students include all two levels of Econometrics, Macroeconomics and Microeconomics, a course on Mathematics for Economists, and two advanced courses or seminars. 
• Second-year students must elect two concentrations for the field requirement and complete the appropriate coursework under these. There are two qualifying exams with topics on microeconomics and macroeconomics before the third year of study.
• Third-year students must submit research papers in preparation for the dissertation proposal oral exam or the doctoral candidacy exam. 

Students can choose to research 13 areas of economics , which includes strong research activities in macroeconomics and microeconomics. Other budding research areas include asset pricing, corporate finance, monetary economics, and experimental and behavioral economics. 

NYU Economics is home to the C.V. Starr Center for Applied Economics , the department’s research hub tackling the most concerning and highly impactive socioeconomic issues today, both on national and global levels. The Department is also involved in collaborative research through NYU’s Center for Experimental Social Science (CESS), which, aside from Economics, enjoins the bright minds from the departments of Psychology, Neuroscience, Political Science, and Social Science. 

Northwestern University Department of Economics

Evanston, IL

The Northwestern Economics Department comprises 60 faculty members close to other Northwestern schools like the Kellogg School of Management (KSM). These professors are involved in eight research areas, but the department is acclaimed for its strong macroeconomics research, which laid the ground for the Dynamic Stochastic General Equilibrium (DSGE) models for fiscal policy and labor analysis.

• Northwestern offers a straightforward Ph.D. degree in Economics. However, a terminal master’s degree is not offered as a program but can be conferred to Ph.D. students who have completed their first year of studies. 
• The program is highly selective, with only an average of 25 students admitted yearly. The result is an average of 120 Ph.D. students in residence every year. 
• First-year students must complete the following core courses: all three levels of Microeconomics, Macroeconomics, Econometrics, and Mathematical Methods for Economic Theory. 
• Students who need additional training in advanced mathematics for economics may request permission from the department to take additional math courses such as Real Analysis. 

Students can choose to research any of the nine areas of economics available in the department. Many of these fields involve collaborative research with the Kellogg School of Management. These fields include Macroeconomics, Health Economics, Development Economics, Financial Economics, and Labor and Public Economics.

The Economics Department and KSM have also collaborated to offer the joint Ph.D. in Financial Economics program. Students under this program are expected to integrate their robust training in economics with finance courses like Asset Pricing and  Corporate Finance.

Students can take advantage of the eight economic research centers housed by the Economics Department. It has research institutes in traditional economic areas like econometrics , theory , history , and macroeconomics and contemporary economic areas like poverty research and data science for economics .

Stanford University Department of Economics

Stanford, CA

Stanford Economics has always been regarded as a research powerhouse since its establishment in the ’60s, particularly in Economic Theory.

But as years went by, the department’s research footprint has expanded to now include more than 20 areas, with the fields of Applied Microeconomics, Financial Economics, Labor Economics, and Macroeconomics as some of its strongest and most active research areas based on faculty involvement. 

• First-year Ph.D. students must complete the core courses comprising microeconomics, macroeconomics, and econometrics.
• They must also elect two areas as their majors. Each area will have its own set of requirements . Students can choose from any of the 14 research areas available, including Behavioral and Experimental Economics, Environmental, Resource and Energy Economics, Market Design, and International Trade and Finance, among others. 
• Students must also take four courses from the two other areas not selected as major fields. One of the courses must stem from the field of Economic History.              
• A one-quarter-long teaching experience is required. Students are also required to render a 135-unit residency.  They are also required to attend workshops or field seminars in the field(s). 

Students can choose to research any of the 21 fields of interest available in the department. The list includes Applied Microeconomics, Decision Theory, Economics of Technology, and Game Theory. 

The Stanford Institute for Theoretical Economics (SITE) is a yearly conference held every summer that brings together all of Stanford Economics – faculty, students, researchers – and other experts and collaborators in the field. The conference features workshops and seminars that encourage discussions, project collaborations within economics, related disciplines, academic and professional networking, and further research. SITE enjoys generous funding from the NSF and other Stanford departments. 

Columbia University Department of Economics

Columbia Economics is home to many Nobel laureates, including Milton Friedman, best known for his monetary theory and stabilization policy studies, and William Vickrey. He pioneered the Game Theory in understanding how sealed-bid auctions work ( Vickrey auctions) .

• The Ph.D. program in  Economics requires the completion of courses in econometrics, microeconomics, macroeconomics, mathematical methods, and perspectives in economic theory during the first year of study.
• Research begins during the second year, with students presenting their research papers in a colloquium. They must also elect two concentrations and complete the appropriate coursework. 
• The dissertation proposal should be presented during the fourth year of study. To help them prepare, students must submit another research paper the year prior (year 3).
• Students can choose to do research in any of the traditional fields of economics, such as macroeconomics and microeconomics, or choose a more contemporary field such as urban economics, public finance, labor economics, or industrial organization. 

While Columbia Economics offers several areas of interest under which students can do research, three of the program’s strongest research areas are in the field of empirical economics, applied economics, and theoretical economics. 

The Department of Economics partakes in the university’s Bridge to Ph.D. program , which accepts applicants annually. This is a good stepping stone – both academically and financially –  for post-baccalaureates who are aspiring to apply to grad school. Successful applicants will land roles as full-time RAs with an annual salary of $51K (based on AY 2020-2021).

They are expected to enroll in a few economics electives like mathematics, real analysis, statistics, or introductory economics (macro, micro, econometrics) while rendering RA work in preparation for their application and subsequent admission to graduate school. 

University of California Los Angeles Department of Economics

Los Angeles, CA

UCLA Economics has produced acclaimed graduates trained by equally acclaimed faculty and researchers. It is also home to important macroeconomics , economic history , industrial organization , and population research.

• Before starting the doctoral program, students must participate in the two-week Math Camp, which equips them with mathematical foundations for economics (Econ 200) and navigating the statistical software MatLab. 
• Otherwise, incoming Ph.D. students confident in their advanced math skills may opt to tackle the online modules via the Essential Microeconomics website in preparation for doctoral work. To help students complete the modules, students can go through the Calculus of Economics  modules as needed.
• Second-year students must elect three of the ten field concentrations offered by the department. They can also take related non-Econ courses (not offered by the Department) such as finance, marketing, political science, public policy, mathematics, statistics and electrical engineering. 

Students looking at teaching assistantships as a source for funding can browse the UCLA Economics Teaching Resources page for tutorials on using LMS tools, a class archive for course syllabi, or resources on teaching techniques.

UCLA  Economics is home to esteemed alumni, researchers, and Nobel laureates in Economics, which includes Dr. William Sharpe, an alumnus of the department’s graduate school who pioneered the Capital Asset Pricing Model and several investment performance analytical tools, such as the Sharpe Ratio, the returns-based style analysis, the binomial method, and the gradient method for asset appropriation. 

University of California San Diego Department of Economics

La Jolla, CA

UCSD Economics prides itself with its strong training and research in the fields of microeconomic theory, econometrics, applied microeconomics, and macroeconomics, as well as its formidable and productive collaborations with UCSD’s Public Policy , Management , and Political Science schools. 

• The maintenance of full-time status, equating to 12 units, to be continually eligible for funding,
• Two-year in-campus residency,
• The maintenance of a 3.0 GPA.
• Students must complete the course on Computation (Econ 280) and the empirical project , which is required by the Econometrics course.
• They also need to take seven electives, which must be completed before the end of Year 3. There are close to 30 elective courses from which students may choose. 
• Students must choose two concentrations and complete the prescribed number of required courses. There are 12 field concentrations from which students can choose, including the traditional fields and contemporary ones like Behavioral/Experimental economics and Environmental & Natural Resource Economics.

Students can choose to research any of the 14 research areas being tackled by the department. Some of the highly active research fields are Development Economics, Econometrics, Finance, Labor Economics, Macroeconomics, Microeconomic Theory, Political Economics, and Public Economics.

The department houses the Center for Environmental Economics and the San Diego Education Research Alliance (SanDERA) . Both research centers integrate economics with other relevant disciplines to help influence policy reforms, opportunities, and initiatives.

The University of Chicago The Kenneth C. Griffin Department of Economics

Chicago, Illinois

Chicago’s Department of Economics, which was renamed The Kenneth C. Griffin Department of Economics in 2017 after the generous donation of the eponymous foundation, is the birthplace of many tenets and facets of economics, such as behavioral economics, political economy, and financial economy. It is also the birthplace of The Journal of Political Economy. 

• Chicago Economics usually offers admission to about 55 applicants, with only about half enrolling into the program, thus, ensuring an optimal professor-to-student ratio.
• The department only offers a Ph.D. graduate program in Economics. A terminal MA degree is not offered. 
• Students can choose to do research in Applied Microeconomics, Econometrics, Macroeconomics and Economic Theory. Research in Applied Microeconomics has the highest faculty involvement. 
• Students can opt to pursue a joint Ph.D. degree in Financial Economics , as offered by the Booth School of Business, along with the Economics Department. Applicants can lodge their applications through the Economics Department or the Booth School.

Chicago Economics is affiliated with several research centers , including the Center for the Economics of Human Development (CEHD) , the Energy Policy Institute , and the Becker Friedman Institute for Research Economics . The Becker Friedman Institute is a joint effort of the Economics Department, Chicago Law School, Booth School of Business, and Harris School of Public Policy. 

The Economics Department is home to the Griffin Applied Economics Incubator , a research and policy hub where economic studies and statistics drive change through policy formulation and or reform. Every year, the incubator tackles a global or national socioeconomic issue that allows academics to collaborate across disciplines. 

University of Minnesota Department of Economics

Minneapolis, MN

UMN’s Department of Economics boasts having Nobel laureates among its Ph.D. alumni. From the class of ’64, Daniel McFadden, who authored the paper on the Development of the Theory and Methods for Analyzing Discrete Choice , was awarded the Nobel in 2000. From the class of ’78, Lars Peter Hansen, who pioneered the Generalized Method of Moments, was awarded the Nobel in 2013. 

• Incoming Ph.D. students must be equipped with a strong background in computational courses, such as linear algebra, multivariate calculus, and econometrics. 
• Students are also required to complete all four levels of Microeconomics and Macroeconomics courses.
• Eight credits of electives are required. Students can choose from this catalog , which includes courses in computer science, finance, mathematics, psychology and statistics. 
• The dissertation is worth 24 credit units. Students can choose to research the 13 areas of interest available within the department. These include traditional macroeconomic and microeconomic theory fields and contemporary applied fields like game theory, monetary economics, and mathematical economics.

UMN Economics is home to the Heller-Hurwicz Economics Institute , which specializes in economic theory research, the Minnesota Economics Big Data Institute (MEBDI) , which specializes in the use of data science in applied economic research; and the Economics Research Library (ERL) , which is a repository for all published sources on economics, both in-house and from external sources like federal agencies. 

Two of UMN Economics’ younger graduates have also brought pride to the department and the university. Connan Snider and Thomas Youle of classes 2010 and 2014, respectively, uncovered initial and damning evidence of collusion among bankers as early as 2008, resulting in the LIBOR (London Interbank Offered Rate) Rigging Scandal , considered by many economists as the biggest global financial scandal in the world. 

Cornell University Department of Economics

Ithaca, New York

Cornell Economics is a collaboration between the department itself and other Cornell schools such as the Johnson School of Management , Cornell Law , the Department of Policy Analysis and Management , Cornell Hotel School , the Dyson School of Applied Economics & Management , and the Division of Nutritional Sciences .

The result is an Economics Department that boasts of strong research in the tenets of economics and the contemporary and integrative applications of economics in other fields, such as finance, law, policy, business, hospitality, and health economics. 

• Incoming Ph.D. students must demonstrate a solid background in calculus, linear algebra, real analysis and advanced mathematics. A minimum of four semesters is the bare minimum. To stand a greater chance for funding, students are strongly advised to cultivate a more extensive mathematics background with exposure to differential equations, probability, statistics, topology, stochastic equations, and complex analysis. 
• In the case of inadequate mathematics courses exposure, students can enroll in the three-week mathematics review course before the fall term.
• As for undergraduate economics background, the bare minimum is microeconomics and intermediate-level economic theory. A major in economics for post-baccalaureates is not required in the doctorate program.

Cornell Economics faculty comprises nearly 60 professors and researchers involved in 40 different areas of interest in economics. The extensive list of fields of study includes traditional areas of economics, as well as highly specific and contemporary fields such as Insurance, Contract Theory, Gender Economics, Family Economics, Inequality, Race and Discrimination Economics, Decision Theory, Big Data, Compensation, Law Economics, Economics of Crime, Networks, and Information Economics. 

Cornell Economics is home to the renowned S.C. Tsiang Macroeconomics Workshop , named after the department’s eponymous alumnus and eventual professor emeritus, known for his contributions to macroeconomic theory and monetary economics. 

University of California Davis Department of Economics

Nearly 20 of UC Davis Economics faculty (which is about half of the faculty) hold research associateship and research fellowship roles at the National Bureau of Economic Research (NBER) , which is the national authority on economic research and policy advisement.

• First-year Ph.D. students must complete the courses on econometrics, macroeconomics and microeconomics.
• Advanced economic theory
• Public economics
• Advanced macroeconomics
• Economic development
• Economic history
• Econometrics
• International economics
• Industrial organization
• Labor economics
• The UC Davis Economics faculty comprises nearly 40 professors and researchers who specialize in 16 areas of economics, with the fields of International Economics and Macroeconomics as some of the faculty’s strongest research fields.
• The department is affiliated with various research centers that deal with economic history , international economics , socioeconomic issues , and energy economics . 

Students who choose to research in Regional and Urban Economics may engage with the Center for Poverty Research for insight, sources, and research funding.

The Department of Health & Human Services funds this federal institute that focuses on the issues of the marginalized sector and helps create policies and opportunities towards upward social mobility. Students may also reach out to Professor Giovanni Peri for consultation and advisement in this area. 

The department hosts seminars for nine areas of interest in economics regularly. These are seminars on macroeconomics, international economics, behavioral economics and many other fields. 

University of Wisconsin Madison Department of Economics

Madison, WI

The following major requirements define UW’s doctorate program in economics: completing the preliminary exams on Microeconomic and Macroeconomic Theory, a research paper on the chosen major field by Year 3, three signatures on the dissertation proposal signifying committee acceptance, and the acceptance of the dissertation defense. 

• First-year students must take the following courses during the fall term: microeconomics, macroeconomics, economic statistics and econometrics, and mathematical economics.
• The second level of all previous courses must be taken (except for mathematical economics). Students can take an elective course to complete the four-course term during this term. This could be a course on statistics, economics, or mathematics. 
• Second-year students are required to elect major and minor fields.  Aside from mathematics and statistics, students may also elect a minor field from another department for the minor fields. 
• Aside from the two-course requirement for the major fields, students must also attend the appropriate workshop for that field. These workshops are funded by the Juli Plant Grainger Institute (JPGI) for Economic Research.

The Juli Plant Grainger Institute (JPGI) for Economic Research is the department’s hub for economic researches, both student and faculty work. It also provides funding and hosts conferences and seminars or workshops specific to the seven areas of study in economics currently being tackled by the department. 

The department faculty comprises nearly 60 professors and researchers, most of whom are involved in macroeconomics, labor economics, and public economics and finance.

FREQUENTLY ASKED QUESTIONS

What advantages does a doctor of economics have over the others.

In 2020, the BLS reported that the median pay of an economist with a master’s degree is more than $108K a year, with a projected job growth of 13% over the next ten years, which is considered above average by agency standards. 

What more if the economist has a doctoral degree? Expect that median pay to increase, at the very least, by half or at best, maybe even by a hundred percent.

Professionals with a doctorate in economics can command that high salary because they demand across industries. From the academe to business enterprises, to research organizations (non-profit or government-funded), legislation and policy, to politics, data science, and information systems, financial markets and instruments, or consultative services, economists, and especially those with a Ph.D., can always carve a significant career in any industry and be probably set for life (holds for tenured professors). 

Who can apply to the program?

All baccalaureate graduates (those with a bachelor’s degree) in any degree can apply to doctorate in economics (or similarly named) programs. While all graduates can freely lodge their applications, not everyone passes, as most econ doctoral programs are highly selective, with only an average acceptance rate of 25 students per year. 

Those with a formidable background in undergraduate or graduate (master’s degree) in economics, mathematics, statistics, finance or any degree with a significant foundation in advanced mathematics stand a greater chance of being accepted.

If the applicant comes from a different degree background, say, the health sciences or political science, the applicant may still strongly qualify for admission provided that a strong mathematics background is demonstrated. Courses like linear algebra, real analysis, multivariate and differential calculus, and statistics are minimum pre-Ph.D. requirements.

Are GRE scores required? What are the other admission requirements?

Not for AY 2022, but best to check with the school’s admission office to be certain. The other admission requirements are the completed application form, a resume, letters of recommendation preferably from previous and current employers, a personal essay, all transcript of records, and proof of payment of the application fee.

Again, check with the school’s economics department or admissions office for other requirements that may be specific to the program. 

How will earning a Doctorate in the field of Economics advance my career?

A Doctorate in Economics can open up a wide range of career opportunities in the fields of academia, business, government, research, and consulting. With a Ph.D. in Economics, you could apply for positions such as economic analyst, professor, policy specialist, economic consultant, market researcher, and finance manager. You may also be able to qualify for more senior-level positions that would require your advanced and specialized knowledge.

As a doctoral-level economist, your skills would be highly sought-after, making you a valuable asset to any organization. With a Doctorate in Economics, you would have the opportunity to make an even greater and more lasting impact in the world of economics.

Related Posts

We’re certain of one thing—your search for more information on picking the best graduate degree or school landed you here. Let our experts help guide your through the decision making process with thoughtful content written by experts.

Doctoral Program

The Ph.D. program is a full time program leading to a Doctoral Degree in Economics.  Students specialize in various fields within Economics by enrolling in field courses and attending field specific lunches and seminars.  Students gain economic breadth by taking additional distribution courses outside of their selected fields of interest.

General requirements

Students  are required to complete 1 quarter of teaching experience. Teaching experience includes teaching assistantships within the Economics department or another department .

University's residency requirement

135 units of full-tuition residency are required for PhD students. After that, a student should have completed all course work and must request Terminal Graduate Registration (TGR) status.

Department degree requirements and student checklist

1. core course requirement.

Required: Core Microeconomics (202-203-204) Core Macroeconomics (210-211-212) Econometrics (270-271-272).  The Business School graduate microeconomics class series may be substituted for the Econ Micro Core.  Students wishing to waive out of any of the first year core, based on previous coverage of at least 90% of the material,  must submit a waiver request to the DGS at least two weeks prior to the start of the quarter.  A separate waiver request must be submitted for each course you are requesting to waive.  The waiver request must include a transcript and a syllabus from the prior course(s) taken.  

2.  Field Requirements

Required:  Two of the Following Fields Chosen as Major Fields (click on link for specific field requirements).  Field sequences must be passed with an overall grade average of B or better.  Individual courses require a letter grade of B- or better to pass unless otherwise noted.

Research fields and field requirements :

• Behavioral & Experimental
• Development Economics
• Econometric Methods with Causal Inference
• Econometrics
• Economic History
• Environmental, Resource and Energy Economics
• Industrial Organization
• International Trade & Finance
• Labor Economics
• Market Design
• Microeconomic Theory
• Macroeconomics
• Political Economy
• Public Economics

3.  Distribution

Required:  Four other graduate-level courses must be completed. One of these must be from the area of economic history (unless that field has already been selected above). These courses must be distributed in such a way that at least two fields not selected above are represented.  Distribution courses must be passed with a grade of B or better.

4.  Field Seminars/Workshops

Required:  Three quarters of two different field seminars or six quarters of the same field seminar from the list below.   

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The doctoral program in Economics at Harvard University is one of the leading programs in the world. Supported by a diverse group of faculty who are top researchers in their fields and fueled by a vast array of resources, the PhD program is structured to train and nurture students to become leading economists in academia, government agencies, the technology industry, finance and banking, and global policy organizations.

Harvard University and the Department of Economics are regularly ranked amongst the top programs in the world, and the consistency of success among our graduates is inspiring. We have educated several foreign heads of state, Nobel Prize Winners, Clark Medal Winners, MacArthur Fellowship Recipients - many of whom have returned to Harvard to offer their expertise and brilliance in shaping and nurturing our students.  Learn more about where we place our  graduates  and explore our  Program  to find out if a PhD in Economics is a good fit for you. 

Program Requirements

As a PhD student in the Economics program, students will spend the first two years in the program engaged in rigorous coursework designed to develop a foundational understanding of economics. In the following years, students transition to research under the guidance of strong faculty mentorship and participate in field workshops. In the final year, students conduct independent research and complete a dissertation.

The department of Economics at Harvard University is committed to seeking out and mentoring scholars who wish to pursue a rigorous and rewarding career in economic research. Our graduates are trailblazers in their fields and contribute to a diverse alumni community in both the academic and non-academic sectors. We invite you to learn more and apply to the PhD program in Economics. 

Financial Support

Students have access to a variety of funding and financial support opportunities.

• Research Funding
• Teaching Fellowships and assistants
• Additional external and internal resources

Learn more about financial support

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Economics Graduate Programs in America

1-25 of 102 results

MIT School of Humanities, Arts, and Social Sciences

Cambridge, MA •

Massachusetts Institute of Technology •

Graduate School

Massachusetts Institute of Technology ,

Graduate School ,

CAMBRIDGE, MA ,

Stanford Graduate School of Business

Stanford, CA •

Stanford University •

• • Rating 3.67 out of 5   3 reviews

Other: So far so good. Classes have not started yet. The administration has been slow on some of the programing but overall they have been on top of helping us. ... Read 3 reviews

Stanford University ,

STANFORD, CA ,

3 Niche users give it an average review of 3.7 stars.

Featured Review: Other says So far so good. Classes have not started yet. The administration has been slow on some of the programing but overall they have been on top of helping us. .

Read 3 reviews.

Yale Graduate School of Arts and Sciences

New Haven, CT •

Yale University •

• • Rating 4.5 out of 5   2 reviews

Master's Student: The resources at Yale are outstanding. While some of the required courses are slow-moving and less informative, I do have more academic freedom in my second year to the program to take classes that I enjoy across all departments (including data science, statistics, computer science, and law). ... Read 2 reviews

Yale University ,

NEW HAVEN, CT ,

2 Niche users give it an average review of 4.5 stars.

Featured Review: Master's Student says The resources at Yale are outstanding. While some of the required courses are slow-moving and less informative, I do have more academic freedom in my second year to the program to take classes that I... .

Read 2 reviews.

School of International Service

American University •

Graduate School •

WASHINGTON, DC

• • Rating 4.5 out of 5   4

Colorado School of Mines

• • Rating 4.33 out of 5   9

Suffolk University

• • Rating 4.53 out of 5   15

Harvard Graduate School of Arts and Sciences

Harvard University •

• • Rating 4.56 out of 5   9 reviews

Other: I am Harvard Extension School student pursuing a master degree, ALM, in sustainability. I have achieved a 3.89 in this program so far and have qualified, applied, and accepted as a 'Special Student' in the Harvard Graduate School of Arts and Sciences. Through this School, I will be focusing my time at the John A. Paulson school of Engineering & Applied Sciences. Looking forward to wrapping up my final year on campus! ... Read 9 reviews

Harvard University ,

9 Niche users give it an average review of 4.6 stars.

Featured Review: Other says I am Harvard Extension School student pursuing a master degree, ALM, in sustainability. I have achieved a 3.89 in this program so far and have qualified, applied, and accepted as a 'Special Student'... .

Read 9 reviews.

Princeton University

Princeton, NJ •

• • Rating 4.33 out of 5   3 reviews

Master's Student: The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help students in office hours or in sponsorship of projects. The worst part of the Princeton University mechanical engineering graduate degree is the lack of structure for the graduate research program which can leave you feeling unsure on the direction of your research. ... Read 3 reviews

PRINCETON, NJ ,

3 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help... .

Sanford School of Public Policy

Durham, NC •

Duke University •

• • Rating 4.75 out of 5   4 reviews

Current Master's student: My academic experience at Duke has been the most rewarding in my life. What makes Duke so great is the opportunity through the Sanford Policy School to exchange and engage ideas with professors and peers connected to my area of policy analysis. I have gotten the chance through summer internships to have real-world policy experience in analysis and implementation. Because my policy analysis is explicitly based on healthcare, I have focused on black maternal outcomes as my point of reference. I have had the opportunity to work with Professor Carolyn Barnes and collaborate since she is an expert in social and economic welfare and its effects on low-income families. The introductory and intermediate microeconomics, macroeconomics, and statistics classes give students a solid technical base when drafting briefs. One thing I would change is to provide more accessibility of recorded lectures when sick after the coronavirus. ... Read 4 reviews

Duke University ,

DURHAM, NC ,

4 Niche users give it an average review of 4.8 stars.

Featured Review: Current Master's student says My academic experience at Duke has been the most rewarding in my life. What makes Duke so great is the opportunity through the Sanford Policy School to exchange and engage ideas with professors and... .

Read 4 reviews.

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Brown University Graduate School

Providence, RI •

Brown University •

Brown University ,

PROVIDENCE, RI ,

School of Engineering and Applied Science - University of Pennsylvania

Philadelphia, PA •

University of Pennsylvania •

University of Pennsylvania ,

PHILADELPHIA, PA ,

Jones Graduate School of Business

Houston, TX •

Rice University •

• • Rating 4.78 out of 5   9 reviews

Other: Best part is the small class sizes and time flexibility. Worst is getting used to the online system. ... Read 9 reviews

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Rice University ,

HOUSTON, TX ,

9 Niche users give it an average review of 4.8 stars.

Featured Review: Other says Best part is the small class sizes and time flexibility. Worst is getting used to the online system. .

Weinberg College of Arts and Sciences

Evanston, IL •

Northwestern University •

Northwestern University ,

EVANSTON, IL ,

College of Arts and Science

Nashville, TN •

Vanderbilt University •

Vanderbilt University ,

NASHVILLE, TN ,

Olin Business School

St. Louis, MO •

Washington University in St. Louis •

• • Rating 4 out of 5   7 reviews

Master's Student: The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and the supportive community. This firsthand experience greatly influenced my decision, and I'm eagerly looking forward to becoming a part of the institution. ... Read 7 reviews

Washington University in St. Louis ,

ST. LOUIS, MO ,

7 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and... .

Read 7 reviews.

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Division of the Humanities and Social Sciences - California Institute of Technology

Pasadena, CA •

California Institute of Technology •

California Institute of Technology ,

PASADENA, CA ,

Mendoza College of Business

Notre Dame, IN •

University of Notre Dame •

• • Rating 4.9 out of 5   10 reviews

Master's Student: The University of Notre Dame is primarily centered around building your network. The professors cover material that is vital for your industry and do so in a quick and efficient manner. You will not find a better place to learn and meet people! I cannot speak highly enough of this school! ... Read 10 reviews

University of Notre Dame ,

NOTRE DAME, IN ,

10 Niche users give it an average review of 4.9 stars.

Featured Review: Master's Student says The University of Notre Dame is primarily centered around building your network. The professors cover material that is vital for your industry and do so in a quick and efficient manner. You will not... .

Read 10 reviews.

Social Sciences Division - University of Chicago

Chicago, IL •

University of Chicago •

• • Rating 3.75 out of 5   4 reviews

Master's Student: The University of Chicago offers many clubs you can attend. Do to COIVD most of the clubs meet online and some in person one day out of the week. There's boxing, archery, fencing, and one of my personal favorites ju-jutsu, just to name a few. These sports are completive but they also have clubs that are just for fun and any body of any skill level can join. There is also this amazing climbing wall in the recreation center but we are not allowed to climb it at the moment because of COVID restrictions. It's also convent to be surrounded by hospitals (Rush and UIC). I got hurt while I was at school, I broke my arm, and I did not have to call on anyone to take me to the hospital, I could just walk. The food is okay and you get to chose from a good selection of things. The rooms where a nice size and most of the students were so friendly it was easy to make friends. ... Read 4 reviews

University of Chicago ,

CHICAGO, IL ,

4 Niche users give it an average review of 3.8 stars.

Featured Review: Master's Student says The University of Chicago offers many clubs you can attend. Do to COIVD most of the clubs meet online and some in person one day out of the week. There's boxing, archery, fencing, and one of my... .

Dornsife College of Letters, Arts and Sciences

Los Angeles, CA •

University of Southern California •

University of Southern California ,

LOS ANGELES, CA ,

School of Arts and Sciences - Tufts University

Medford, MA •

Tufts University •

• • Rating 4 out of 5   3 reviews

Master's Student: Best: - Incredible colleagues, many of whom are working professionals in the field, all of whom are passionate & come from diverse backgrounds & bring a wide variety of life/ professional experiences that enhance the overall experience -One of the few DEIJ degree programs offered worldwide -flexible options for program completion -many passionate professors & deep learning opportunities -increasing program investment by Tufts, including 2 new FT program-specific professors Most challenging: -program has grown exponentially in the last several years & has experienced commiserate growing pains, including confusion about requirements, need for more faculty, and more opportunities for practice. Tufts is responding but needs to continue its investment. -Since the program is interdisciplinary, students in the DEIJ-L program often need to take classes offered by other dept's/ colleges which may have different requirements & DEIJ-L students may not get preference for registration purposes ... Read 3 reviews

Tufts University ,

MEDFORD, MA ,

3 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says Best: - Incredible colleagues, many of whom are working professionals in the field, all of whom are passionate & come from diverse backgrounds & bring a wide variety of life/ professional experiences that... -One of the few DEIJ degree programs offered worldwide -flexible options for program completion -many passionate professors & deep learning opportunities -increasing program investment by Tufts, including 2 new FT program-specific professors Most challenging: -program has grown exponentially in the last several years & has experienced commiserate growing pains, including confusion about requirements, need for more faculty, and more opportunities for... -Since the program is interdisciplinary, students in the DEIJ-L program often need to take classes offered by other dept's/ colleges which may have different requirements & DEIJ-L students may not... .

Carey Business School

Baltimore, MD •

Johns Hopkins University •

• • Rating 4.58 out of 5   24 reviews

Master's Student: Great experience so far. Excellent professors and very helpful staff. Challenging and rigorous course of study, but ai intend to complete the program in one year. ... Read 24 reviews

Johns Hopkins University ,

BALTIMORE, MD ,

24 Niche users give it an average review of 4.6 stars.

Featured Review: Master's Student says Great experience so far. Excellent professors and very helpful staff. Challenging and rigorous course of study, but ai intend to complete the program in one year. .

Read 24 reviews.

Dietrich College of Humanities & Social Sciences

Pittsburgh, PA •

Carnegie Mellon University •

Carnegie Mellon University ,

PITTSBURGH, PA ,

Scheller College of Business

Atlanta, GA •

Georgia Institute of Technology •

• • Rating 5 out of 5   2 reviews

Master's Student: The program has been challenging but very rewarding. The professors have been helpful during office hours and the material is very engaging and relevant to real-world workplace issues. ... Read 2 reviews

Georgia Institute of Technology ,

ATLANTA, GA ,

2 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says The program has been challenging but very rewarding. The professors have been helpful during office hours and the material is very engaging and relevant to real-world workplace issues. .

Haas School of Business

Berkeley, CA •

University of California - Berkeley •

• • Rating 5 out of 5   3 reviews

Master's Student: I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! ... Read 3 reviews

University of California - Berkeley ,

BERKELEY, CA ,

3 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! .

D'Amore-McKim School of Business

Boston, MA •

Northeastern University •

• • Rating 2.5 out of 5   4 reviews

Master's Student: Recently began my journey in the GSPA MS in Accounting/ MBA program! So far classes have been tailored to students with nonbusiness/ accounting allowing for any interested parties to join. Teachers are both flexible with grad students and amazing at providing real-world experience. ... Read 4 reviews

Northeastern University ,

BOSTON, MA ,

4 Niche users give it an average review of 2.5 stars.

Featured Review: Master's Student says Recently began my journey in the GSPA MS in Accounting/ MBA program! So far classes have been tailored to students with nonbusiness/ accounting allowing for any interested parties to join. Teachers... .

Graduate School of Arts & Sciences - New York University

New York, NY •

New York University •

• • Rating 4.8 out of 5   10 reviews

Master's Student: I am enrolled specifically in the Magazine concentration. My professors have all been helpful with helping me succeed and are willing to stay back to go over something I don't understand. There are multiple points of resources at this program. A director is your main academic advisor. Aside from that, there is a pitch specialist to assist with freelancing and two wonderful career advisors. They help with setting up mingle sessions, job fairs, and internship talks. As of now, I haven't had bad experiences, however, I will say that the program is expensive and is an awkward three semesters. Those two things aren't ideal, however, its not too much of a dealbreaker. ... Read 10 reviews

New York University ,

NEW YORK, NY ,

10 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says I am enrolled specifically in the Magazine concentration. My professors have all been helpful with helping me succeed and are willing to stay back to go over something I don't understand. There are... .

Woods College of Advancing Studies

Chestnut Hill, MA •

Boston College •

• • Rating 4.67 out of 5   3 reviews

Master's Student: great teachers. great faculty, easy to get help. course material not too stressful and manageable with full time/part time job. ... Read 3 reviews

Boston College ,

CHESTNUT HILL, MA ,

3 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says great teachers. great faculty, easy to get help. course material not too stressful and manageable with full time/part time job. .

McCombs School of Business

Austin, TX •

University of Texas - Austin •

• • Rating 4.67 out of 5   12 reviews

Master's Student: Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to explore different interests within business and broaden their career opportunities. The worst part of being at McCombs is the competitive environment, although it incentivizes students to work harder, it can be mentally draining to constantly try to outperform one's peers. ... Read 12 reviews

University of Texas - Austin ,

AUSTIN, TX ,

12 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to... .

Read 12 reviews.

University of Wyoming

LARAMIE, WY

• • Rating 4.42 out of 5   24

College of Business- Valparaiso University

Valparaiso University •

VALPARAISO, IN

Lehigh University

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Ph.D. Program

Make an impact: The intellectual rigor from researchers associated with Yale Economics drives innovations in domestic and international policy.

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Yale's Department of Economics offers a challenging and rigorous academic program, a distinguished and accessible faculty, and a friendly, supportive environment for study.

Our core teaching faculty of 66 is supported by a diverse group of visiting professors and graduate student teaching assistants, making it one of the largest economics departments in the United States with one of the highest teacher/student ratios for the 130 Ph.D. students in residence.

The Department of Economics also has close ties with professional schools in related fields, such as the Yale School of Management, the Yale School of the Environment, and the Yale School of Public Health, where many of its secondary faculty members teach. It also works with affiliated centers, including the Cowles Foundation for Research in Economics, the Economic Growth Center, and the newly created Tobin Center for Economic Policy . 

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Our Program

Yale's economics faculty embraces a broad range of research and teaching interests. Courses and seminars span a wide spectrum of economics, from dynamic structural models to field experiments. Our students apply econometric and data analytic methods to a variety of subjects in macroeconomics, labor economics and finance. Our courses examine critical economic policy issues, including antitrust and environmental regulation. Our focus is global, spanning the United States and developed economies to the developing nations of Latin America, Asia and Africa. Whatever your interest, our faculty is ready to guide you through a wide offering of more than a hundred regular courses, seminars or workshops, combined with individually tailored reading and research courses to best prepare you for your Ph.D. research and dissertation.

Our faculty is eclectic in methodologies and views of economics. There is no Yale dogma or school. You will acquire a critical perspective on the full range of approaches to macroeconomics. You will be well trained in neoclassical theory and in the theory of public choice, externalities and market failures. You will master the skills of sophisticated modern econometrics and understand pitfalls in its applications. You will gain respect for the power of contemporary mathematical models and also for history and for the insights of the great economists of the past.  

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Dec. 21, Wed. Fall Term ends, Winter Recess begins.

Dec. 22 Thurs. Date of December degree award

Jan. 12, Thurs. Add/drop period opens, 8:30 am

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Ph.D. in Economics

The Ph.D. program at Berkeley is designed for students interested in pursuing advanced study and conducting original research in Economics. The Ph.D. degree is awarded in recognition of the recipient's qualifications as a general economist and of the ability to make scholarly contributions in fields of specialization.

In advancing to the Ph.D. degree, students pass through two major stages:

• Preparation for candidacy typically takes two to three years. During the first two semesters, students take courses to achieve competence in econometric methods, methods of economic history and fundamentals of microeconomic and macroeconomic theory. During the next two years, students prepare for examination in two fields of specialization of their choosing, prepare a dissertation prospectus, and take an oral examination. When these steps are completed, students are advanced to candidacy.
• Completion of a dissertation after advancing to candidacy typically takes one to two years. The dissertation must be based on original research and represent a significant contribution to the body of Economic knowledge.

The entire process takes approximately five to six years, although some students are able to complete the program in less time. Below is an overview of the program requirements by year and other pertinent information.

The UC Berkeley College of Letters & Science   provides students helpful resources, links, and tools for successfully completing the Ph.D. in Economics.

ECONOMICS GRADUATE STUDENT SERVICES

The economics student services mission is to advise our students holistically by providing a high standard of service in a supportive and collaborative environment.  professional and peer advisors work as a team to provide accurate information in a timely manner.  we partner with faculty to assist students in engaging with the campus and the global economic community.  we value fairness, diversity, and the important roles our students, faculty, and staff in the department of economics play at the university of california, berkeley..

If you or someone you know is experiencing financial, food, housing or other basic needs challenges - you can find support and services at:  http://tinyurl.com/UCB-BNC-C19 .

Meet the members of the Economics Graduate Student Services advising team!

Graduate Office Address:

Ph.D. in Economics

The Ph.D. program in the Department of Economics at Columbia University trains students to do cutting edge research in economics.  Students in our program do research in all major areas of economics including microeconomics, macroeconomics, econometrics, international economics, labor economics, public finance, industrial organization, development economics, and urban economics.  Our department provides strong training both in theoretical economics and in applied and empirical economics.  The Ph.D. program is primarily designed for students that are interested in pursuing a career in teaching and research within academia but is also useful for student interested in certain positions within governments, research organizations, or private businesses.

The first two years of our Ph.D. program is largely devoted to rigorous coursework. After the second year, however, students devote most of their time to their own research under the supervision of faculty advisors. Students in our program generally complete their Ph.D. in 5 or 6 years.

Admission to the Ph.D. program is highly selective.  We receive approximately 1,000 applications each year for an incoming class of roughly 25 students.  We place a high value on attracting the very best minds, and recruiting members of groups who will both enhance the diversity of research in the field and contribute to the diversity of the university’s academic and professional community.

The Ph.D. program has a long and illustrious history.  Alumni of the program include some of the most distinguished economists of the last century – including Nobel Prize winners Kenneth J. Arrow, Milton Friedman, Simon Smith Kuznets, and William S. Vickrey.

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Ph.d. studies at princeton economics.

The Ph.D. program at Princeton Economics is one of the premier economics programs in the world. The small number of students admitted each year receive training in an exceptional research environment, supported by faculty members who are working at the forefront of research in their fields.

Admission to the program is extremely selective. Each year, the department receives approximately 800 applications for a class of 20 to 25 students. Students come from diverse backgrounds and from dozens of countries around the globe.

Princeton provides all admitted Ph.D. students tuition and fellowship support for the academic year. Admitted students also receive fellowship support through the summer months so they can continue their study and research when classes are not in session.

The Economics Department at Princeton does not offer a Master’s Degree. Students looking for information about the Master in Finance can learn more on the Princeton Bendheim Center for Finance website .

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Top PhD Programs in Economics

Read a summary or generate practice questions using the INOMICS AI tool

If you're looking to choose an economics PhD program , it's important to consider options that match your research interests, career goals, and personal goals. Below is a selection of some of the best PhD programs in economics that are offered by European universities, to help you find the right postgraduate program for you.

Programs available: 

Ph.D. ECONOMICS AND FINANCE - UNIVERSITY OF ROME ‘TOR VERGATA’ | INOMICS

The PhD program in Economics and Finance is a 4-year full-time program providing an advanced specialization in Economics, Finance, and Econometrics to highly qualified students  whose goal is a  successful career in academia or in institutions that require financial, economic, and statistical skills.

The program offers a distinguished international faculty teaching a wide variety of graduate and doctoral courses in Economics and Finance. During the first year, students acquire a broad set of theoretical and methodological skills required in economics and finance. After choosing their field of specialization, students dedicate the second, third, and fourth years to research.

Deadline: March 30, 2024

Nova School of Business & Economics, Carcavelos, Portugal

Programs available:

PhD Positions in Management

Phd positions in economics and finance.

 Nova SBE has two 4-year, full-time structured PhD programs in Economics and Finance / Management, delivered in English.

The Economics and Finance PhD program provides advanced training in the fields of Economics and Finance. The first two years are dedicated to the coursework whereas the subsequent years focus on research. First-year courses are taken jointly. At the beginning of the second year, students should choose their specialization and supervisor.

The Management PhD program provides advanced training in the four key fields: Management and Organization; Marketing; Operations, Technology and Innovation Management; and Strategy and Entrepreneurship. While disciplined and rigorous in training, the program is also flexible, for students to pursue their unique research interests and most challenging careers.

Students are usually affiliated with one of our eight Knowledge Centers. They join its community and its activities. They participate in research seminars and interact with top researchers.

Application deadline:  31 January

University of St. Gallen, Switzerland

Graduate programme in economics and finance (gpef) - fully funded phd positions.

The Graduate Programme in Economics and Finance (GPEF) at the University of St. Gallen trains students to achieve academic excellence in the areas of Economics, Econometrics and Finance. Graduates are regularly selected for very reputable academic and non-academic positions.

The GPEF offers challenging Ph.D. courses taught by internationally established professors and a creative research environment. We offer very attractive salaries, a vibrant research community and financial support to research activities.

For full consideration, please submit your application by 31 January 2024 .

Application deadline: 30 April 2024

CEMFI, Madrid

Phd in economics.

The  CEMFI PhD Program  prepares students for successful careers as research economics in universities and academic centers as well as in central banks and public and private sector institutions. The program comprises two stages: stage one, coursework; and stage two, research. The coursework stage provides students with state of the art tools to successfully conduct research in an ample range of areas in Economics. The research stage fosters an international academic environment in which students grow to develop an independent and productive career. The typical duration of studies is five to six years.

Students who successfully complete the two stages are awarded the degrees  Master in Economics and Finance  and  PhD in Economics and Government . These official degrees are awarded by the  Universidad Internacional Menéndez Pelayo.

Application deadline:  31 May

Ruhr Graduate School in Economics (RGS Econ), Essen, Germany

Fully funded  phd program in economics.

RGS Econ  offers a structured doctoral program in Economics, building on the combined expertise in theoretical, empirical, and applied research of four university economics departments in the Ruhr Valley area of Germany – (Bochum, Dortmund, Essen and Duisburg) – and one of Germany’s leading economic research institutes (RWI - Leibniz Institute for Economic Research). Advanced coursework, a cooperative learning environment, and an extensive research network and infrastructure are geared to support our students in conducting first-rate research and our graduates in obtaining excellent positions in academia, public institutions, and in the private sector.

RGS Econ charges no tuition fees. Accepted students are offered financing for a minimum of three years, which may be in the form of a scholarship or in the form of research and teaching assistant positions.

Application deadline:  24 March

Collegio Carlo Alberto, Turin, Italy

Phd in economics (four-year) - university of torino.

The Vilfredo Pareto Doctorate in Economics allows students to structure their coursework and write their doctoral dissertation in a number of different areas of economics. After a common set of core courses that take place in the first term of the program (including review courses in mathematics and statistics and advanced courses in microeconomics, macroeconomics and econometrics), students can further prepare for their dissertation work by choosing from a list of elective courses.

All activities take place at the Collegio Carlo Alberto in downtown Turin. Students can benefit from a vibrant and international academic environment and participate in all scientific events. On top of the yearly scholarship (17,500 Euros per year, for four years), they receive yearly research funds and have the possibility to spend part of their third or fourth year abroad as visiting students. There is also the possibility to sign cotutelle agreements with other academic institutions so to obtain a double doctoral degree. 

Application deadline: 31 May

University of Surrey, Guildford, UK

Doctoral programme in economics (mres+phd).

The University of Surrey’s MRes Economics programme is designed to prepare you for a research career in academia or in international organisations around the world. The course provides the standard entry route to the PhD Economics programme, or you can graduate with a stand-alone MRes degree after one year.

The MRes provides cutting-edge training in micro, macro, econometrics and research methods and is, on successful completion, followed by the PhD programme lasting three to four years with generous studentships available.

You’ll learn from academics at the frontier of their research fields, developing specialist skills and techniques with the benefit of small cohorts and high-quality interaction with our lecturers. Generous studentships are offered for the duration of the MRes/PhD course for those with strong research potential.

Apply by 31st January 2024 to be considered for the first allocation round.

Application deadline:  1 June

Universitat Autònoma de Barcelona, Cerdanyola del Vallès, Spain

Phd in entrepreneurship and management.

Are you interested in entrepreneurship and management research?  Universitat Autònoma de Barcelona 's PhD Program is dedicated to promoting competitive, international-level research that makes a significant contribution to science and generates new and useful knowledge. This Program has been offered since 1978 as the doctoral program of the Department of Business Economics at the UAB. Over the last forty-five years, students have come from different countries all around the world.

Application deadline: 31 March

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University of Hawai‘i ® at Mānoa 2023-2024 General Catalog

College of social sciences: economics.

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College of Social Sciences Saunders Hall 542 2424 Maile Way Honolulu, HI 96822 Tel: (808) 956-8496 Fax: (808) 956-4347 Email: [email protected] Web: economics.hawaii.edu

* Graduate Faculty

*S. H. Lee, PhD (Chair)—population economics, labor economics *N. Tarui, PhD (Graduate Chair)—environmental and resource economics, applied microeconomics, applied game theory *T. Greaney, PhD (Undergraduate Chair)—international economics, industrial organization *C. Bonham, PhD—applied macroeconomics, monetary theory *J. Choi, PhD—international trade *P. Fuleky, PhD—time series econometrics, economic forecasting *M. Gabrovski, PhD—macroeconomics, growth, search and matching *T. Halliday, PhD—health economics, economic development, econometrics *R. Juarez, PhD—microeconomic theory, game theory *D. E. Konan, PhD—international trade *I. Love, PhD—development economics, finance *L. Lusher, PhD—economics of education, public economics *J. Lynham, PhD—environmental and resource economics, experimental economics, marine ecology, behavioral economics *T. Molina, PhD—health economics, development economics *D. Moore, PhD—public finance, labor economics *M. Roberts, PhD—environmental and resource economics, agricultural economics *E. V. Sherstyuk, PhD—experimental economics, game theory *L. Wang, PhD—monetary economics, macroeconomics, search and matching theory *X. Wang, PhD—macroeconomics, monetary economics, econometrics, applied microeconomics, labor economics

Cooperating Graduate Faculty

S. Bond-Smith, PhD—urban and regional economics, spatial economics K. Burnett, PhD—environmental and resource economics S. G. Rhee, PhD—Asia-Pacific financial markets J. Tyndall, PhD—urban economics T. B. Vu, PhD—development economics, international economics

Affiliate Graduate Faculty

L. Endress, PhD—growth theory P. S. Leung, PhD (Emeritus)—agriculture and food, aquaculture and fisheries, regional economics I. Noy, PhD—international finance, disaster economics J. Traczynski, PhD— law and economics

Emeritus Faculty

B. Gangnes M. Ghali S. La Croix P. Garrod P. S. Leung J. Mak A. Mason W. Miklius J. E. T. Moncur J. Roumasset

Degrees Offered: BA (including minor) in economics, BA in economics with a quantitative economics concentration, MA in economics, PhD in economics, Graduate Certificate in Renewable Energy and Island Sustainability

The Academic Program

Economics (ECON) is the social science that deals with the allocation and use of resources under conditions of scarcity and uncertainty. It examines this subject matter at the micro level (the consumer, the household, the firm, and the industry) and the macro level (the region, the labor force, the government, the nation, and the world). Courses in economic theory and econometrics provide statistical and mathematical tools necessary for modeling research questions, data collection and analysis, and evaluation and testing of hypotheses. Economics students learn a body of knowledge that is essential to understanding local and global economies as well as contemporary public policy issues. Undergraduate courses cover critical issues, including climate change, ocean resources, energy economics, property rights, aging and wealth transfers, experimental economics, foreign investment, econometric analysis, labor markets, health economics, law and economics, network economics, the economies of China and Japan, monetary economics, and microeconomic theory.

A BA in economics is excellent preparation for demanding analytical and policy positions in the public and private sectors; it also provides strong preparation for graduate work in law, business, public policy, public health, as well as economics.

Economics at UH Mānoa is consciously directed toward policy challenges in the Asia-Pacific region, as well as Hawai‘i. Geographic and subject matter interests of students and faculty contribute to a regional specialization in accord with UH’s overall mission.

Exchange Programs

The Department of Economics participates in academic and educational exchanges with Nankai University, Tianjin, China; Hitosubashi University, Tokyo, Japan; Waseda University, Tokyo, Japan; Kobe University, Kobe, Japan; Nihon University, Tokyo, Japan; Yonsei University, Seoul, South Korea; and Thammasat University, Bangkok, Thailand.

Advising is mandatory for all graduate and undergraduate economics majors. Contact the department office for specific information.

Undergraduate Study

Bachelor’s degree.

The BA in economics provides students with an intensive knowledge of the theory and practice of economics, with an emphasis on the analysis of contemporary policy challenges of Hawai‘i and the U.S. in the Asia-Pacific region. Majors study a wide range of current economic policy issues and learn powerful theoretical and empirical methods for analyzing these issues. They also develop reasoning and communication skills that are useful across disciplines. As a result, the BA program has been successful in preparing graduates for advanced study in economics, business, law, and other social sciences, as well as challenging careers in business management, technical analysis, policy evaluation, and education. The Quantitative Economics Concentration requires calculus and a certain number of more mathematical or computational economics courses. This concentration will better prepare students for more technical careers or for graduate study. The Economics Honors Track provides our most highly motivated majors with the opportunity to conduct advanced study and research in close contact with a faculty advisor from the department. Students can join the Economics Honors Track any time after they are accepted into the UH Mānoa Honors Program and have an Economics GPA of 3.3. Students have access to a free tutoring program in introductory microeconomics and macroeconomics courses; a student-run economics club; internships; co-op work arrangements; study abroad programs in Tokyo, Japan and Bangkok, Thailand; and research opportunities with economics faculty.

Requirements

Majors must complete 15 credit hours of upper division courses in addition to ECON 300, 301, and 321 (9 credits), for a total of 24 credit hours. At least 6 credit hours must be earned by completing Upper Division II ECON courses (420+), and students must earn a C (not C-) or better in all courses designated as counting toward the major.

Students enrolled in the Quantitative Economics concentration must complete the above requirements, but must include at least three quantitative-focused economics courses, and take two additional mathematics courses, specifically calculus classes. For the economics courses, students must take ECON 256, 425, and either 420 or 427. Students are required to take either the MATH 215-216 sequence or the MATH 241-242 sequence to meet the calculus requirement. Overall, this is a much more mathematics and quantitative-skill focused package.

For information on a Bachelor Degree Program Sheet, go to programsheets/ .

Students must complete 15 credit hours of approved upper division courses, including ECON 300 and 301.

4+1 BAM BA Economics and MA Economics

Combined Bachelor’s & Master’s Degree (BAM) Pathways afford a way for highly motivated students to efficiently complete a Bachelor’s degree and Master’s degree in a shorter time frame by double-counting course work (3 courses) at the undergraduate tuition rate. In most cases, pathway students graduate with the Bachelor’s degree and Master’s degree within 5 years (total).

Graduate Study

The UH Mānoa Department of Economics offers one of the world’s leading graduate programs, providing theoretical, empirical, and historical foundations for the study of economic policies across the globe. The graduate program offers an MA and PhD degree. Graduate alumni teach and research in universities, work for federal and state agencies, international organizations and in the private banking and consulting sectors.

The MA program prepares students for policy analysis in government, international agencies, and the private sector, emphasizing application of theory to economic decision-making. The PhD program provides state-of-the-art theoretical and empirical training for high level academic, government, and private-sector careers.

Entering graduate students are expected to have a bachelor’s degree, not necessarily in economics, and to have completed courses in intermediate microeconomic and macroeconomic theory, elementary statistics, and a mathematics background that includes at least two 3-credit semester courses in calculus. For the PhD program, it is recommended to have completed two additional courses prior to entry in any of the following subjects: advanced calculus, linear algebra, differential equations, real analysis, or related areas. Students with deficiencies must make them up prior to entering the program or within the first year of study. GRE General Test scores and two letters of recommendation must be submitted by all applicants. TOEFL scores are required for applicants from foreign countries where English is not the primary means of communication.

Master’s Degree

An MA student must be in residence for at least two semesters, and all work must be completed within seven years of admission. A student following normal progress should be able to earn the MA degree within two years.

A student must earn 30 credit hours in economics, including at least 21 hours of 600- or 700-level courses. Up to 9 credit hours of 400-level courses may apply to the 30 credit hour requirement. Graduate credit will not be granted for 300-level courses. A student must have a B average (3.0 GPA) for all courses completed at UH Mānoa applied toward the degree, and a B average for all 600-level and 700-level courses.

The MA requires completion of the following:

• A four-course common core comprising ECON 606, 607, 627, and 628, with a B average;
• A two-course area of concentration; and
• An individual research project, constituting the capstone experience for the degree.

The MA program builds on rigorous economic theory and econometrics classes from the PhD program, making MA students exceptionally well trained.

As a capstone experience for the degree, the individual project allows students to apply the theory learned in classes towards a problem in which they have a particular interest. The project helps students to develop critical thinking skills and use a variety of economics tools and models. A student may also choose to write a master’s thesis in lieu of the individual research project. Students en-route to the PhD and who complete the PhD core may substitute a passing grade on either of the PhD qualifying exams for the individual research project requirement for a master’s degree.

A student who completes the MA degree may apply to the PhD program. By taking appropriate courses, a student should be able to earn both MA and PhD degrees within five years.

5-year BA-MA Program

The program will keep the same structure of the current BA and MA. However, it will require at least 141 combined credits (total), including nine (9) credits that may be double-counted across the two programs. The 9 credits that can be double-counted include six (6) credits coming from two 600-level courses taken as undergraduate (ECON 606 and 627) and up to three (3) credits coming from either ECON 420 (Mathematical Economics) or 425 (Introduction to Econometrics).

Doctoral Degree

A PhD student must be in residence for at least three semesters and complete all requirements within seven years of admission to the graduate program. A student following normal progress should be able to earn the PhD degree within five years.

The PhD in economics requires successful completion of the following:

• seven core courses comprising ECON 606, 607, 608, 609, 627, 628, and 629 with a grade of B- or better in each course;
• qualifying examinations in microeconomic theory and macroeconomic theory;
• seven 600-level and 700-level courses in economics (including one Methods/Theory course and ECON 730) beyond the core;
• two fields;
• a third-year research paper;
• an oral comprehensive exam and the defense of the dissertation proposal;
• a final oral exam, including defense of the final dissertation; and
• submission of the final dissertation manuscript to Graduate Division.

Normal progress requires students to take and pass both theory qualifying exams at the end of the first two semesters of study, and to complete all core courses in the first three semesters of enrollment. Students failing a qualifying examination may retake it only once.

Students choose two fields, each consisting of two courses, from among the following five fields offered by the department:

• Economic Development (ECON 610 and 611)
• International Economics (two out of ECON 660, 661, 662, and 664)
• Public Policy (two out of ECON 651, 670, 672, and 674)
• Resource and Environmental Economics (ECON 637 and 638)
• Methods/Theory (one out of ECON 620, 621, 630, and 686)

Students choosing Methods/Theory as a field take 6 additional credits as electives. Students who do not choose Methods/Theory as a field take 9 additional credits as electives. Some field courses are offered annually, others less frequently. Students may petition to substitute a field in another discipline or another field in economics for one of the five fields listed above.

The third-year research paper is a transition experience between PhD course work and independent dissertation research. A successful paper will demonstrate a depth of knowledge within an area of specialization and the ability to implement the research methods needed for dissertation-level research. The deadline for submitting your paper is May 1 of your third year of graduate studies and the deadline for resubmission is August 1. Students who do not meet these deadlines will be placed on academic probation in the fall semester of their fourth year of studies.

The comprehensive examination–of which the written qualifying examinations are a part–will include a broad probing of the candidate’s general economic knowledge. The oral part of the PhD comprehensive examination will be administered jointly with the defense of the dissertation proposal, before a dissertation committee chosen by the student and approved by the graduate chair and Graduate Division. A student who fails the comprehensive examination may repeat it once. A student who fails a second time is dismissed from the program. Students who pass the oral exam are advanced to candidacy for the PhD.

The final examination, which is oral, covers the candidate’s defense of the final dissertation draft. It is administered orally and is open to the public. Candidates failing the final examination may be allowed to repeat it once upon petition approved by the graduate faculty concerned and the dean of Graduate Division. Those failing it twice are dismissed from the program.

Finally, a dissertation accepted by the dissertation committee is submitted to Graduate Division. The final dissertation must also conform to UH Mānoa standards in content and format.

Renewable Energy and Island Sustainability Graduate Certificate

The Renewable Energy and Island Sustainability (REIS) graduate certificate provides students an opportunity to get both breadth and depth in energy and sustainability curriculum. Students will take classes in different colleges to get a broad perspective on energy sustainability. In addition to taking courses and attending a REIS seminar class, students will conduct a capstone project to obtain greater depth in an energy research area. For further information and applications, see the program’s web page at: socialsciences.hawaii.edu/certificate/reis/ .

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MIT economics to launch new predoctoral fellowship program

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The MIT Department of Economics is launching a new program this year that will pair faculty with predoctoral fellows.

“MIT economics right now is historically strong,” says Jon Gruber, the Ford Professor of Economics and department head of MIT economics. “To remain in that position involves having the resources to stay on the cutting edge of the research frontier, and that requires the use of predocs.”

The nature of economic research has changed enormously, adds Gruber, due to factors like the use of large datasets, innovations in experiment design, and comprehensive data analysis, all of which require the support of predocs. This new research model empowers economists to address national and global challenges in profound and much more effective ways.

The new predoc program is made possible by an ongoing major fundraising initiative in the department. 

Gruber gave credit to Glenn Ellison, the Gregory K. Palm (1970) Professor of Economics and former department chair, for working closely with Roger Altman, MIT Corporation member and the former head and current member of the visiting committee, to craft a vision for the future of the department that will ultimately include up to 24 predocs that would work for economics faculty at MIT. 

“It’s a great vision. They put a lot of work into it,” Gruber says.

With significant support from the Altman Family Fund, Gruber explains, the predoc program will be able to ramp up, providing predocs to the department’s junior faculty. He expects six predocs to start in the department this fall.

“We’ll have a wide range of junior faculty who will be using these predocs for a bunch of really interesting and important questions that are very data- and research-intensive,” Gruber says.

Tobias Salz, the Castle Krob Career Development Associate Professor of Economics, is one of the faculty members already benefiting from a pilot of the new program. He’s working on a large project on the search engine market.

“I am working with a predoctoral research fellow who has been instrumental in many parts of the project, including the design of an experiment and data analysis,” says Salz. “Initially, I was only able to hire him for one year, but with the new funding I am able to extend his contract. The predoctoral program has therefore helped ensure continuity on this project, which has made a big difference.”

Nina Roussille, assistant professor of economics, says her work will greatly benefit from collaborating with a predoc. Several of her projects either require the analysis of large, administrative datasets or the implementation of large-scale experiments.

“This kind of work will be greatly enhanced and streamlined with the help of a predoc to construct, clean, and analyze the data, as well as to set up the experiments and study their effects. This will free up some of my time to participate in more projects and allow me to focus my efforts on high-yield tasks, such as data analysis and paper writing,” says Roussille.

Roussille adds that she’s excited about the opportunity to mentor a young economist on the path to a PhD.

“They’ll greatly benefit from the vibrant research environment of the MIT economics department,” she said.

Gruber sees the program as mutually beneficial for both the predocs and the faculty.

“The advantage for the predoc is they get research experience and they get to know a faculty member,” adds Gruber. “The advantage for the faculty is they get to work with someone who wants to excel and make an impression with the person they research for.”

Beyond establishing the predoc program, this current fundraising initiative prioritizes building resources for faculty research in the Department of Economics. In addition to the gift from the Altman Family Fund to establish the predoctoral fellowship program, this fundraising initiative has secured several other significant contributions, including:  

• the creation of the Daniel (1972) and Gail Rubinfeld Professorship Fund, through the support of Dan Rubinfeld, PhD ’72;
• the Thapanee Sirivadhanabhakdi Techajareonvikul (1999) Professorship Fund, established by economics undergraduate alumna and her husband, Aswin Techajareonvkul MBA ’02;
• another endowed professorship in the department, through the support of an anonymous donor;
• the creation of the Locher Economics Fund, which will provide discretionary resources to support faculty research for the department, through the support of Kurt ’88, SM ’89, and Anne Stark Locher; and
• a gift to create the Dr. James A. Berkovec (1977) Memorial Faculty Research Fund in Economics, established by Ben Golub, ’78, SM ’82, PhD ’84.

To date, almost $30 million has been secured for these purposes, and efforts are ongoing.

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