A Doctor of Philosophy (Ph.D.) in Economics program is a research-oriented graduate program that can come with many different specializations, including microeconomics, macroeconomics and econometrics. Students can pursue these degrees through the economics departments of many 4-year universities.
Top 10 Economics Schools
These schools offer Ph.D. degrees in Economics with varying specializations, and may also offer assistantships.
|College/University||Location||Institution Type||Tuition 2018-2019*|
|Harvard University||Cambridge, MA||4-year, private not-for-profit||$46,384|
|Massachusetts Institute of Technology||Cambridge, MA||4-year, private not-for-profit||$51,520|
|Princeton University||Princeton, NJ||4-year, private not-for-profit||$49,450|
|University of Chicago||Chicago, IL||4-year, private not-for-profit||$57,759|
|Stanford University||Stanford, CA||4-year, private not-for-profit||$50,703|
|University of California - Berkeley||Berkeley, CA||4-year, public||$11,442 in-state, $26,544 out-of-state|
|Northwestern University||Evanston, IL||4-year, private not-for-profit||$54,120|
|Yale University||New Haven, CT||4-year, private not-for-profit||$42,100|
|University of Pennsylvania||Philadelphia, PA||4-year, private not-for-profit||$34,882|
|Columbia University||New York, NY||4-year, Private not-for-profit||$46,216|
Source: *National Center for Educational Statistics
University Selection Criteria
When selecting a Ph.D. in economics program, keep in mind the following considerations:
- Students might consider their own qualifications when applying to a doctoral program in economics, such as their previous academic performance in economics and mathematics, as well as their score on the Graduate Record Examination (GRE).
- Prospective doctoral students also might decide what branch of economics they wish to concentrate on, and then research a potential university's faculty to find professors with similar research interests.
- Students might consult U.S. News & World Report, which ranks graduate programs in economics overall and by specialty, including industrial organization, international economics and public finance.
- Assistantships may be available in either teaching or research, so students can pursue the one that's best suited to their career goals.
Ph.D. in Economics
Economics Ph.D. programs vary in length, but many last around five years. Often, the first two years are spent exploring advanced topics in economics, in addition to passing oral and written examinations. Students typically concentrate on research beginning in their third year of study.
Ph.D. Economics programs prepare students to become economists, researchers, or positions in academia. In addition to standard courses, many programs also provide assistantships in teaching or research.