university of maryland accounting phd

Tuition & Fees

Student Financial Services and Cashiering's website provides the overview of  tuition, fees, and other expenses  as they apply to graduate students. Each student is individually responsible for their bill and for meeting payment deadlines. It is advisable to check accounts regularly. 

It is important to determine the correct tuition payment for programs/courses. Most programs/courses use the  standard graduate tuition rates  – a per-credit charge. Tuition remission provided through assistantships and tuition awards provided for fellowships (when applicable), cover standard tuition amounts only.

There are several programs with  non-standard tuition and fees .  Note that university-provided tuition will only cover the standard rate; the student is responsible for the difference unless other financial support is provided. Also note that not all programs/courses will accept Golden ID tuition remission – check the program requirements prior to applying or enrolling.

Once a student achieves post-candidacy status, the student is automatically enrolled in 899 for six credits each semester until s/he graduates. The tuition charged is a flat rate and non-refundable.

All other tuition and fees are refundable in accordance with the  University Refund Policy . 

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Dr. Feng is a member of the Human Dimension of Global Change (HDGC) program. His research involves developing coupled human and natural system models to gain a better understanding of various resources and environmental management issues, such as carbon emissions, water, land, and air pollution, in the context of globalization and socio-economic development. A key innovation of his research is developing a nested local to global multi-regional input-output analysis that tracks the tele-connected environmental and social consequences of human decisions across complex networks of domestic and global supply-chains. Such a multi-scale approach holds promise to advance interdisciplinary research by marrying place-based with global change research. In addition, his team's research addresses many urgent environmental policy issues, such as distributional effects of environmental policies across regions and income groups, carbon tax revenue redistribution to protect poor, social and environmental inequality, climate mitigation targets and Sustainable Development Goals.

Areas of Interest

• Teleconnection of local consumption and global environmental change
• Sustainable consumption and production
• Climate change mitigation
• Just Transition
• Consumption-based environmental accounting
• Environmental input-output analysis
• Hybrid life-cycle analysis
• Degree Type Ph.D Degree Details Ecological Economics, University of Leeds, 2011
• Degree Type MA Degree Details Sustainability Research, University of Leeds, 2007
• Degree Type BA Degree Details Environmental Management & Env Sci, University of Leeds, 2006

Principle Investigator

05/2022 –  12/2022 " Assessing water security from agricultural expansion in Bolivia, Colombia, Ecuador, and Peru under future climate change: a coupled socio-economic and biophysical accounting framework"  funded by Inter-American Development Bank. (Total 25,000)

03/2019 – 02/2010   “Managing Water Footprint and Virtual Water of Main Economic Sectors in Latin America and Caribbean: A Water-Energy-Food Nexus Analysis Using a Coupled Physical and Socio-Economic Accounting Framework” funded by Inter-American Development Bank. (Total 115,000)

09/2017 – 12/2018    “Climate risk: managing distributional impacts of carbon taxes” funded by Inter-American Development Bank (Total $60,000)

07/2018 – 06/2019   "Accounting and Modeling Urban Low Carbon Transformation: Case Studies of the US and Australia" funded by the BSOS Dean’s Research Initiative. (Total $6,000)

07/2015 – 06/2016   “Economic Transport Modeling to Link Climate Change to Socio-Economic Vulnerability in Alaska” funded by the BSOS Dean’s Research Initiative. (Total $7,500)

12/2014 – 11/2016   "Venture: Linking local consumption to global impacts" funded by National Socio-Environmental Synthesis Center (SESYNC) (Total ~$40,000)

• Wang, S., X. Chen, R. Xie, et al. 2024. Demand-side insights for steering human appropriation of net primary productivity within planetary boundaries, One Earth. (2022 IF 16.2). Vol. 7. https://doi.org/10.1016/j.oneear.2024.02.010
• Tian, P, K Feng, L Sun*, K Hubacek, D Malerba, H Zhong, H Zheng, D Li, N Zhang, J Li. 2024. Higher total energy costs strain elderly, especially low-income, across 31 developed countries. Proceedings of the National Academy of Sciences of the USA (PNAS)
• Zhao, D, J Liu, L Sun, K Hubacek, S Pfister, K Feng, H Zheng, X Peng, D Wang, H Yang, L Shen, F Lun, X Zhao, B Chen, M Keskinen, S Zhang, J Cai, O Varis. 2014. Water consumption and biodiversity: Responses to global emergency events. Science Bulletin
• Liu, B., K. Feng, L. Sun, G. Baiocchi. 2024. Does interstate trade of agricultural products in the U.S. alleviate land and water stress? Journal of Environmental Management (2022 IF = 8.7). Vol. 354, article no. 120427.
• Tian, P., K. Feng, H. Zheng, K. Hubacek, J. Li, H. Zhong, X. Chen, L. Sun*. 2023. Implementation of carbon pricing in an aging world calls for targeted protection schemes. Proceedings of the National Academy of Sciences of the USA (PNAS) Nexus. 2 (7),
• Zhang, P., X. Zhao, L. Sun, J. Zuo, W. Wei, X. Liu, X. Peng, Y. Shan, S. Li, L. Ge, J. Li, K. Feng. 2023. What can we learn from the 2008 financial crisis for global power decarbonization after COVID-19?   Fundamental Research (2022 IF: 6.2).
• Wang, H., K. Feng, P. Wang, Y. Yang, L. Sun*, W. Chen, Y. Zhang, J. Li. 2023. China’s electric vehicle and climate ambitions jeopardized by surging critical material prices. Nature Communications (2021 IF: 17.69). Vol. 14, Article number. 1246.
• Hu, G., Feng, K., & Sun, L. (2023). Multiscale Analysis of the Relationship between Toxic Chemical Hazard Risks and Racial/Ethnic and Socioeconomic Groups in Texas, USA. Environmental Science & Technology, 57 (5), 2019–2030.
• Hu, G., Feng, K., Sun, L., & Baiocchi, G. (2023). Tracing toxic chemical releases embodied in US interstate trade and their unequal distribution. Environment international, 171, 107681.
• Song, K., G. Baiocchi, K. Feng, K. Hubacek, L. Sun, D. Wang, D. Guan. 2022. Can U.S. multi-state climate mitigation agreements work? A perspective from embedded emission flows. Global Environmental Change (2021 IF: 11.16), Vol. 77, article no. 102596.
• Song, K., G. Baiocchi, K. Feng, K. Hubacek, L. Sun. 2022. Unequal household carbon footprints in the peak-and-decline pattern of U.S. greenhouse gas emissions. Journal of Cleaner Production (2021 IF: 11.072), Vol. 368, article no. 132650, pp. 1-15.
• Qi, Xinxian, Kuishuang Feng, Laixiang Sun*, Dandan Zhao, Xianjin Huang. 2022. Drivers of rising agriculture water scarcity in China. One Earth (2021 IF: 14.944), Vol. 5, pp. 1139–1152. https://doi.org/10.1016/j.oneear.2022.09.008.
• Kumar, I., K. Feng, L. Sun, V. Bandaru. 2022. Adoption of biomass for electricity generation in Thailand: Implications for energy security, employment, environment, and land use change. Renewable Energy (2020 IF: 8.001).
• Zhao, D., K. Feng, L. Sun, G. Baiocchi, H. Liu. 2022. Environmental implications of economic transformation in China’s Pearl River Delta region: Dynamics at four nested geographical scales over 1987-2017.” Science of the Total Environment (2020 IF: 7.963)
• Cao, Y., S. Liang, L. Sun, J. Liu, X. Cheng, D. Wang, Y. Chen, M. Yu, K. Feng. 2022. Trans-Arctic shipping routes expanding faster than the model projections. Global Environmental Change (2020 IF: 9.523). 73, article no. 102488.
• He, Pan, Kuishuang Feng, Giovanni Baiocchi, Laixiang Sun, Klaus Hubacek. 2021. Shifts towards healthy diets in the US can reduce environmental impacts but would be unaffordable for poorer minorities. Nature Food (2021 IF: 20.43). Vol. 2, pp. 664–672.
• Zhang, Y, X Li, S Wang; Y Yao, Q Li, W Tu, H-F Zhao, H Zhao, K Feng, L Sun, K Hubacek. 2021. A global North-South division line for portraying urban development. iScience (2020 IF: 5.458), 24(7), 102729, https://doi.org/10.1016/j.isci.2021.102729.
• Zhong, H, K Feng, L Sun, Z Tian, G Fischer, et al. 2021. Water-land Tradeoffs to Meet Future Demands for Sugar Crops in Latin America and the Caribbean: A Bio-physical and Socio-economic Nexus Perspective. Resources, Conservation & Recycling (IF: 10.204).
• Zhao, D, J Liu, L Sun, B Ye, K Hubacek, K Feng, O Varis. 2021. “Quantifying economic-social-environmental trade-offs and synergies of water-supply constraints: An application to the capital region of China.” Water Research (2020 IF: 11.236), Vol. 195,
• Zhong, H., K. Feng, L. Sun, L. Cheng, K. Hubacek. 2020. “Household carbon-energy inequality in Latin America and the Caribbean.” Journal of Environmental Management (IF = 5.647; 5-yr IF: 5.708), Vol. 273, article no. 110979.
• Solé, V., R. Samsó, … , K. Feng, ..., L. Sun, M. Theofilidi. 2020. “Modelling the Renewable Transition: scenarios and pathways for a decarbonized future using pymedeas, a new open-source energy systems model.” Renewable and Sustainable Energy Review.
• Chen, S., Chen, C., Feng, K., Liu, Z., Fromer, N., Weisz, H., Schellnhuber, H., Hubacek, K., (2020), Physical and virtual carbon metabolism of global cities, Nature Communications 11, 182.
• Chen, S., Long, H., Chen, B., Feng, K., Hubacek, K., (2020), Urban carbon footprints across scale: Important considerations for choosing system boundaries, Applied Energy 259, 114201.
• Liu, X., Pei, S., Wang, S., Wen, Y., Li, X., Wu, J., Chen, J., Feng, K., Liu, J., Hubacek, K., Davis, S., Yu, L., Liu, Z., Wu, C., Cai, Y., Yuan, W., (2019), Global urban expansion offsets climate-driven increases in terrestrial net primary productivity,
• Lin, J.*, Du, M., Chen, L., Liu, Y., Feng, K.*, Martin, R., Wang, J., Ni, R., Zhao, Y., Kong, H., Weng, H., Liu, M., van Donkelaar, A., Liu, Q., Hubacek, K., (2019), Carbon and health implications of trade restrictions, Nature Communications 10: 4947 .
• Chen, W., Lei, Y.*, Feng, K.*, Wu, S., Li, L., (2019), Provincial emission accounting for CO2 mitigation in China: Insights from production, consumption and income perspectives, Applied Energy 255, 113754.
• Zhang, W., Liu, M., Hubacek, K., Feng, K., Wu, W., Liu, Y., Jiang, H., Bi, J., Wang, J., (2019) Virtual flows of aquatic heavy metal emissions and associated risk in China, Journal of Environmental Management 249, pp 109400.
• Vogt-Schilb, A., Walsh, B., Feng, K.*, Di Capua, L., Liu, Y., Zuluaga, D., Robles, M., Hubacek, K., (2019), Cash transfer for pro-poor carbon taxes in Latin America and the Caribbean, Nature Sustainability 2, pp941-948.
• Wang, J., Wang, S.*, Li, S., Feng, K., (2019), Coupling analysis of urbanization and energy-environment efficiency: Evidence from Guangdong province, Applied Energy 254, pp113650.
• Liu, X., S. Wang, P. Wu, K. Feng, K. Hubacek, X. Li, L. Sun. 2019. “Impacts of Urban Expansion on Terrestrial Carbon Storage in China.” Environmental Science and Technology (2018 IF: 7.194), 53, 6834−6844.
• Yang, X., Feng, K., Su, B., Zhang, W., Huang S., (2019), Environmental efficiency and equality embodied in China's inter-regional trade, Science of the Total Environment 672, pp150-161.
• Wang, J., Ni, R., Lin, J., Tan, X., Tong, D., Zhao, H., Zhang, Q., Lu, Z., Streets, D., Pan, D., Huang, Y., Guan, D., Feng, K., Yan, Y., Hu, Y., Liu, M., Chen, L., Liu, P., (2019), Socioeconomic and Atmospheric Factors Affecting Aerosol Radiative Forcing:
• Munoz Castillo, R., K. Feng, L. Sun, J. Guilhoto, S. Pfister, F. Miralles-Wilhelm, K. Hubacek. 2019. “The land-water nexus of biofuel production in Brazil: analysis of synergies and trade-offs using a multiregional input-output model.”
• Zhao, D., K. Hubacek, K. Feng, L. Sun, J. Liu. 2019. “Explaining the virtual water trade: A spatial-temporal analysis of the comparative advantage of land, labor and water in China.” Water Research (2018 IF: 7.913; 5 yr IF: 8.424), Vol. 153, pp. 304-314.
• Wang, S., C. Fang, L. Sun, Y. Su, X. Chen, C. Zhou, K. Feng, and K. Hubacek. 2019. “Decarbonizing China’s Urban Agglomerations.” Annals of the American Association of Geographers (2018 IF: 3.037), Vol. 109, Issue. 1, pp. 266-285.
• Liao, W., Liu, X., Li, D., Luo., M., Wang., D., Wang, S., Lin, L., Li, X., Feng, K., Hubacek, K., Yang, X., (2018), Stronger Contributions of Urbanization to Heat Wave Trends in Wet Climates, Geophysical Research Letters, 45.
• Qin, Y., Höglund-Isaksson, L., Byers, E., Feng, K., Wagner, F., Peng, W., Mauzerall, D.L., (2018), Air, Carbon, and Water Synergies and Trade-offs in China’s Natural Gas Industry, Nature Sustainability.
• Huang, R., Hubacek, K., Feng, K., Li, X., Zhang, C., (2018), Re-Examining Embodied SO2 and CO2 emissions in China, Sustainability 10, 1505
• Zhang, W., Liu, Y., Feng, K., Hubacek, K., Wang, J., Liu, M., Jiang, L., Jiang, H., Zhou, Y., Bi, J., (2018), Revealing Environmental Inequality Hidden in China’s Inter-regional Trade, Environmental Science & Technology 52 (13), pp 7171–7181.
• Dun, C., Chen, B., Feng, K., Liu, Z., Hayat, T., Alsaedi, A., Ahmad, B., (2018), Interregional carbon flows of China, Applied Energy.
• Feng, K., Hubacek, K., Liu, Y., Marchan, E., Vogt-Schilb , A., (2018), Managing the distributional effects of energy taxes and subsidy removal in Latin America and the Caribbean, Applied Energy 225, 424–436.
• He, Pan, Baiocchi, Giovanni, Hubacek, Klaus, Feng, Kuishuang, & Yu, Yang. (2018). The environmental impacts of rapidly changing diets and their nutritional quality in China. Nature Sustainability, 1(3), 122-127. doi: 10.1038/s41893-018-0035-y
• Meng, J., Guan, D., Tao, S., Li, Y., Feng, K., Liu, J., Liu, Z., Shao, S., Wang, X., Zhang, Q., Davis, S., (Accepted), Global South-South CO2 transfers, Nature Communications.
• Shao, L., Guan, D., Feng, K., Meng, J. Shan, Y., (2018), Carbon emission imbalances and the structural paths of Chinese regions, Applied Energy.
• White, David J., Klaus Hubacek, Kuishuang Feng, Laixiang Sun, Bo Meng. 2018. “The Water-Energy-Food Nexus in East Asia: A Tele-connected Value Chain Analysis Using Inter-Regional Input-Output Analysis.” Applied Energy (2017 IF: 7.9; 5-yr IF: 7.888),
• Zhang, W., Liu, Y., Hubacek, K., Bi, J., Wang, F., Feng, K., Jiang, L., Jiang, H., Wang, J., (2018), Unequal exchange of air pollution and economic benefits embodied in China’s exports, Environmental Science and Technology.
• Zhou, C., Wang, S., Feng, K., (2018), Examining the socioeconomic determinants of CO2 emissions in China: A historical and prospective analysis, Resources Conservation and Recycling 130, pages 1-11.
• Acquaye, A., Feng, K., Oppon, E., Salhi, S., Genovese, A., Hubacek, K., (2017), Environmental Sustainability Performance Measurements in Global Supply Chains, Journal of Environmental Management 187, pages 571-585.
• Hubacek, K., Baiocchi, G., Feng, K., Patwardhan, A., (2017), Poverty eradication in a carbon constrained world, Nature Communications 8, Pages 912.
• Hubacek, Klaus, Giovanni Baiocchi , Kuishuang Feng, Raúl Muñoz Castillo, Laixiang Sun and Jinjun Xue. 2017. “Global carbon inequality.” Energy, Ecology and Environment, Vol. 2, no. 6, pp. 361–369. DOI: 10.1007/s40974-017-0072-9.
• Marselis, S. M., Feng, K., Liu, Y., Teodoro, J. D., & Hubacek, K. (2017). Agricultural land displacement and undernourishment. Journal of Cleaner Production 161 (619-628).
• Mi, Z., Meng, J., Guan, D., Shan, Y., Liu, Z., Wang, Y., Feng, K., Wei, Y., (2017), Pattern changes in determinants of Chinese emissions, Environmental Research Letters.
• Motesharrei, S., Rivas, J., Kalnay, E., Asrar, G., Busalacchi, A., Cahalan, R., Cane, M., Feng, K., Franklin, R., Hubacek, K., Miralles-Wilhelm, F., Miyoshi, T., Ruth, M., Sagdeev, R., Shirmohammadi, A., Shukla, J., Srebric, J., Yakovenko, V., Zeng, N., (
• Munoz Castillo, Raul, Kuishuang Feng, Klaus Hubacek, Laixiang Sun, Joaquim Guilhoto, Fernando Miralles-Wilhelm. 2017. “Uncovering the Green, Blue and Grey Water Footprint and Virtual Water of Biofuel Production in Brazil, a Nexus perspective.”
• Prell, Christina, Laixiang Sun, Kuishuang Feng, Klaus Hubacek. 2017. “Uncovering the Spatially Distant Feedback Loops of Global Trade: A Network and Input-Output Approach.” Science of the Total Environment
• Wang, S., Zhou, C, Wang, Z, Feng, K., Hubacek, K., (2017), The characteristics and drivers of fine particulate matter (PM2.5) distribution in China, Journal of Cleaner Production 142, pages 1800-1809.
• Brizga, J., Feng, K., Hubacek, K., (2016), Household environmental pressures in The Baltic States: a multi-regional input-output analysis, Applied Energy, In press.
• Duarte, R., Feng, K., Hubacek, K. Sánchez-Chóliz, J., Sarasa, C., Sun, L., (2016), Modeling the carbon consequences of pro-environmental consumer behavior, Applied Energy.
• Duarte, R., K. Feng, K. Hubacek, J. Sánchez-Chóliz, C. Sarasa, L. Sun. 2016. “Modeling the Carbon Consequences of Pro-environmental Consumer Behavior.” Applied Energy (2018 IF: 8.426; 5-yr IF: 8.558), Vol. 184, pp. 1207-1216.
• Feng, Kuishuang, Steven J. Davis, Laixiang Sun, Klaus Hubacek. 2016. “Reply to ‘Reassessing the contribution of natural gas to US CO2 emission reductions since 2007.’” Nature Communications (2017 IF: 12.353, 5-yr IF: 13.691), vol. 7, article 10693,
• Koh, S.C.L., Ibn-Mohammed, T., Acquaye, A., Feng, K., Hubacek, K., Fujii, H., Khatab, K., (2016), Drivers of US toxicological footprints trajectory 1998-2013, Scientific Reports 6, p. 39514.
• Li, S., Feng, K., Li, M. (2016), Identifying the Main Contributors of Environmental Quality Changes in Beijing, Journal of Cleaner Production, In press.
• Liang, Z., Z. Tian, L. Sun, K. Feng, H. Zhong, T. Gu, X. Liu. 2016. “Heat wave, electricity rationing, and trade-offs between environmental gains and economic losses: The example of Shanghai.” Applied Energy (2018 IF: 8.426; 5-yr IF: 8.558), 184, 951-959.
• Liu, Y., Hu, X., Feng, K., (2016) Economic and Environmental Implications of Raising China’s Emission Standard for Thermal Power Plants: An CGE Model-Based Analysis, Resources, Conservation and Recycling, In press.
• Prell, C., Feng, K., (2016), The Evolution of Global Trade and Impacts on Countries’ Carbon Trade Balances, Social Networks, in press.
• Prell, C., Feng, K., (2016), Unequal carbon exchanges: The Environmental and economic impacts of iconic US consumption items, Journal of Industrial Ecology.
• Wang, S., Zhou, C., Li, G., Feng, K., (2016), CO 2, economic growth, and energy consumption in China's provinces: investigating the spatiotemporal and econometric characteristics of China's CO 2 emissions, Ecological Indicators 69, pages 184-195.
• Yang, H., S. Dobbie, J. Ramirez-Villegas, K. Feng, A. J. Challinor, B. Chen, Y. Gao, L. Lee, Y. Yin, L. Sun, J. Watson, A. Koehler, T. Fan, S. Ghosh. 2016. Potential negative consequences of geoengineering on crop production: a study of Indian groundnut.
• Yu, Y., Feng, K., Sun, L., Hubacek, K., (2016), Global Implications of China’s Future Food Consumption, Journal of Industrial Ecology.
• Yu, Yang, Kuishuang Feng, Klaus Hubacek, Laixiang Sun. 2016. “Global Implications of China’s Future Food Consumption.” Journal of Industrial Ecology (2018 IF: 4.826), vol. 20, no. 3, pp. 593-602. DOI: 10.1111/jiec.12392.
• Acquaye, A., Yamoah, F., Feng, K., (2015), An Integrated Environmental and Fairtrade Labelling Scheme for Product Supply Chains, International Journal of Production Economics, In press.
• Feng, K., Hubacek, K. (2015), A multi-region input-output analysis of global virtual water flows, in: Ruth, M., Handbook of Research Methods and Applications in Environmental Studies. Edward Elgar Publishing Ltd.
• Feng, Kuishuang, Steven J. Davis, Laixiang Sun, Klaus Hubacek. 2015. “Drivers of the US CO2 emissions 1997-2013.” Nature Communications (2018 IF: 11.880, 5-yr IF: 13.811), 6 (article 7714), 1-8.
• Hubacek, K., Feng, K., (2015), Comparing apples with oranges: some confusion about using and interpreting physical trade matrices versus multi-regional input-output analysis, Land Use Policy.
• Isenhour, C., Feng, K., (2015), Decoupling and Displaced Emissions: On Swedish Consumers, Chinese Producers and Policy to Address the Climate Impact of Consumption, Journal of Cleaner Production, In press
• Li, X., Feng, K., Siu, Y.L., Hubacek, K., (2015), Challenges faced when energy meets water: CO2 and water implications of power generation in the northern regions of China, Renewable and Sustainable Energy Review, In press.
• Liu, Z., Davis, S., Feng, K., Hubacek, K., Liang, S., Anadon, L., Chen, B., Liu, J., Yan, J. Guan, D., (2015), Targeted opportunities to address the climate–trade dilemma in China, Nature Climate Change
• Liu, Z., Guan, D., Wei, W., Davis, S., Ciais, P., Bai, J., Peng, S., Zhang, Q., Hubacek, K., Marland, G., Andres, R., Brown, D., Lin, J., Zhao, H., Hong, C., Boden, T., Feng, K., Peters, G., Xi, F., Li, Y., Zhao, Y., Zeng, N., He, K., (2015), Reduced
• Lu, Y., Bin, C., Feng, K., Hubacek, K., (2015) Ecological network analysis for carbon metabolism of eco-industrial parks: A case study of a typical eco-industrial park in Beijing, Environmental Science & Technology 49, 7254-7264.
• Prell, Christina, Laixiang Sun, Kuishuang Feng, Tyler W Myroniuk. 2015. “Inequalities in Global Trade: A Cross-country Comparison of Trade Network Position, Economic Wealth, Pollution and Mortality.” PLOS ONE (2014 IF: 3.234), vol. 10, no. 12: E0144453.
• White, D., Feng, K., Sun, L., Hubacek, K., (2015), A Hydro-economic MRIO Analysis of the Haihe River Basin’s Water Footprint and Water Stress, Ecological Modelling, In press.
• Zhu, L., Feng, K., Hubacek, K., Liang, S., Anadon, L, Zhang, C., (2015), Four scopes of carbon footprints, Ecological Modelling, In press.
• Feng, K., Hubacek, K., Pfister, S., Yu, Y., Sun, L., 2014. Virtual Scarce Water in China. Environmental Science & Technology (2013 Impact Fact: 5.481), 48 (14), pp 7704–7713..
• Feng, K., Li, X., Siu, Y.L., Hubacek, K., (2014), The Energy and Water Nexus in Chinese Electricity Production: A Hybrid Life Cycle Analysis, Renewable and Sustainable Energy Review 39, 342-355.
• Feng, Kuishuang, Klaus Hubacek, Laixiang Sun, Zhu Liu. 2014. “Consumption-based CO2 accounting of China's megacities: the case of Beijing, Tianjin, Shanghai and Chongqing.” Ecological Indicators (2017 IF: 3.983; 5-yr IF: 4.391),
• Guan, D., Klasen, S., Hubacek, K., Feng, K., Liu, Z., He, K., Geng, Y., Zhang, Q., (2014), Determinants of Stagnating Carbon Intensity in China, Nature Climate Change 4, 1017–1023.
• Hubacek, K., Feng, K. (2014), Efficiency targets fall short of achieving a low carbon future in China, Carbon Management.
• Hubacek, K., Feng, K., Minx, J.C., Pfister, S., Zhou, N. (2014) Teleconnecting Consumption to Environmental Impacts at Multiple Spatial Scales. Journal of Industrial Ecology,
• Prell, C., Feng, K., Geores, M., Sun, L., Hubacek, K., (2014), The Economic gains and environmental losses of US consumption: A world-systems and input-output approach, Social Forces, vol. 93, no. 1 (Sep), pp. 405-428.
• Yao, C., Feng, K., Hubacek, K. (2014), Driving Forces of CO2 Emissions among G20 Countries: An Index Decomposition Analysis from 1971 to 2010, Ecological Informatics
• Yu, Y., Feng, K., Hubacek, K. (2014), China’s unequal ecological exchange, Ecological Indicators
• Brizga, J., Feng, K., Hubacek, K., (2013), Drivers of CO2 emissions in the former Soviet Union: a country level IPAT analysis from 1990 to 2010, Energy 29, Pages 743 - 753.
• Brizga, J., Feng, K., Hubacek, K., (2014), Drivers of Greenhouse gases emissions in the Baltic States: a structural decomposition analysis, Ecological Economics 98, pages22-28
• Feng, K., Davis, S., Sun, L., Li, L., Guan, D., Liu, W.D., Liu, Z., Hubacek, K., (2013). Outsourcing CO2 within China. Proceedings of National Academy of Science (PNAS), (2012 IF: 9.737; 5-yr IF: 10.6), 110 (28), 11654-11659.
• Feng, K., Hubacek, K. (2013), Distribution of CO2 Emissions in China’s Supply Chains: A Sub-national MRIO Analysis, in: Murray, J., Lenzen, M., The Sustainability Practitioner's Guide to Multi-Regional Input-Output Analysis.. Common Ground Publisher
• Kerschner, C., Prell, C., Feng, K., Hubacek, K., (2013), Economic vulnerability to Peak Oil, Global Environmental Change 23, Pages 1424-1433
• Minx, J., Baiocchi, G., Wiedmann, T., Barrett, J., Creutzig, F., Feng, K., Forster, M., Pichler, P., Weisz, H., Hubacek, K., (2013), Carbon footprints of cities and other human settlements in the UK, Environmental Research Letters, In press.
• Yu, Y., Feng, K., Hubacek, K. (2013), Consumption-based inventory of global land use, in: Murray, J., Lenzen, M., The Sustainability Practitioner's Guide to Multi-Regional Input-Output Analysis. Common Ground publishing on Sustainability
• Yu, Y., K. Feng, and K. Hubacek. (2013). Tele-connecting local consumption to global land use. Global Environmental Change.
• Feng, K, Y.L. Siu, D. Guan K. Hubacek (In Press). “Analysing drivers of regional CO2 emissions for China: A structural decomposition analysis.” Industrial Ecology.
• Hubacek, K., Feng, K., Bin Chen, (2012), Changing lifestyles towards a low carbon economy: an IPAT analysis for China, Energies 5, pages 22-31.
• Li, X; Y.L. Siu, K Feng, K. Hubacek, (2012). “Energy-Water nexus of wind power in China: The balancing act between CO2 emissions and water consumption” Energy Policy 45 440–448.
• Acquaye, A., Wiedmann, T., Feng, K., et al. (2011), Identification of ‘Carbon Hot-Spots’ and Quantification of GHG Intensities in the Biodiesel Supply Chain using Structural Path Analysis in a Hybrid LCA, Environmental Sci & Technology 45(6), pages2471-78
• Feng, K., Chapagain, A., Suh, S., Pfister, S. Hubacek, K., (2011), Comparison of Bottom-up and Top-down Approaches to Calculating the Water Footprints of Nations, Economic Systems Research 23 (4), pages 371-385
• Feng, K., Hubacek, K., Minx, J., Siu, Y.L., Chapagain, A., Yu, Y., Guan, D., Barrett, J. (2011), Spatially explicit analysis of water footprints in the UK, Water 3, pages 47-63.
• Feng, K., Siu, Y.L., Guan, D., Hubacek, K., (2011), Assessing regional virtual water flows and water footprints in the Yellow River Basin, China, Applied Geography 32(2), pages 691-701.
• Wiedmann, T., Suh, S., Feng, K., Lenzen, M., Acquaye, A., Scott, K., Barrett, J., (2011), Application of Hybrid Life Cycle Approaches to emerging energy technologies – The case of wind power in the UK, Environmental Science & Technology 45(13), pages 5900
• Feng, K., Hubacek, K., Guan, D., Contestabile, M., Minx, J., Barrett, J., (2010), Distributional Effects of Climate Change Taxation: a case study of UK, Environmental Science & Technology 40, pages 3670-3676.
• Yu, Y., Hubacek, K., Feng, K., Guan, D., (2010), “Assessing regional and global water footprints for the UK”, Ecological Economics 69, pages1140 - 1147.
• Feng, K., Hubacek, K., Guan, D., (2009), “Lifestyles, technology and CO2 emissions in China: a Regional Comparative Analysis”, Ecological Economics 69, pages145-154.
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University of maryland center for environmental science graduates the next generation of environmental science leaders.

BALTIMORE, MD (May 31, 2024) —The  University of Maryland Center for Environmental Science  (UMCES) held its graduate commencement ceremony May 31 at its Institute of Marine and Environmental Technology campus in Baltimore’s Inner Harbor. The ceremony featured the conferral of 11 master's and doctorate degrees to the next generation of leaders in environmental science, distinguished speakers and university awards, and inspiring words from keynote speaker, Dr. Rick Spinrad, Under Secretary of Commerce for Oceans and Atmosphere and NOAA Administrator. "I encourage you to put yourselves under the microscope and know your passion," said Dr. Spinrad. "Get to know people and your community. Network. And know your risk tolerance and what you’re willing to try that’s different. Engage with people and be prepared to pivot. If you do those things, you will not only have a successful career, but a rewarding career." Every year, nearly 100 graduate students study and work alongside UMCES scientists and faculty members through the  Marine Estuarine Environmental Sciences  (MEES) graduate program, a nationally eminent interdisciplinary graduate program. Students go on to become environmental leaders in both the public and private sectors, research and environmental advocacy. "UMCES holds a special place among USM institutions—a leading research institution with a focus on managing the world’s environmental resources," said Michele Masucci, Vice Chancellor for Research and Economic Development for the University System Maryland. "In so many ways UMCES represents what’s best about higher education. It’s how society moves forward to sold society’s intractable problems. Today you become part of that proud legacy."

UMCES is a preeminent environmental research and educational institution that leads the way toward better management of Maryland’s natural resources and the protection and restoration of the Chesapeake Bay from a network of laboratories across the state. As an environmental research and graduate institution, UMCES holds a unique and important place among the University System of Maryland’s 12 institutions, leading a nationally ranked graduate program in marine and environmental science and providing unbiased science to assist Maryland policymakers as its mission. "UMCES was founded almost 100 years ago on the principle of not just great science alone but on developing an understanding of how society benefits from or is affected by the environment," said Interim President Bill Dennison . "Graduates, you are about to join a cadre of scientists that make significant contributions to fundamental discoveries about the environment – whether for sustainability, preservation, recovery or accelerating knowledge discovery of our world." The ceremony included recognition of outstanding accomplishments in the UMCES community. Yantao Li , associate professor at the Institute of Marine and Environmental Technology, was awarded the President’s Award for Excellence in Application of Science and the Outstanding Faculty Mentor Award . Chelsea Fowler , a graduate student at the Horn Point Laboratory, received the UMCES Student Service Award . Alexandra Fries , Program Manager at the Integration and Application Network, received the President’s Award for Outstanding Research Support .  

UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE The University of Maryland Center for Environmental Science leads the way toward better management of Maryland’s natural resources and the protection and restoration of the Chesapeake Bay. From a network of laboratories located across the state, our scientists provide sound advice to help state and national leaders manage the environment and prepare future scientists to meet the global challenges of the 21st century. 

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PhD in Accounting

The distinguished reputation of Carlson School's Accounting PhD program is a point of extreme pride for our department's faculty. We are committed to upholding and expanding this reputation through our continued dedication to working closely with our students to prepare them to enter a life of scholarly research.

About the Program

As one of the premier theoretical accounting programs in the nation, we are ranked #1 in analytical financial accounting. Empirical accounting research has also become a strong component of the program due to the significant increase in faculty advising capacity in recent years.

The Carlson School Department of Accounting offers a stimulating learning environment with outstanding synergies across paradigms. Students in accounting develop an understanding of accounting in its relationship to other disciplines such as economics, finance, psychology, and sociology. Some of the most respected scholars and researchers in accounting serve as faculty members in our department and for the program. Current faculty research covers such diverse areas as information economics, decision-making processes, market efficiency, and security valuation.

Accounting PhD students can choose to work under one of two research paradigms: analytical or empirical. Each area requires the student to take a series of courses/seminars within and outside the department to fulfill coursework requirements and move to the preliminary exams. The coursework of each student is tailored to meet his/her needs or background.

Get to know current students in the PhD Accounting program.

Learn more about their educational background, expertise, and research interests. 

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Learn more about the events and conferences presented by the Carlson School of Management's Accounting Department.

We feel that the measure of any PhD program is the success of its graduates, so we are especially proud of our performance on this dimension, too. Our graduates have been placed and tenured at the most prestigious business schools in the nation, including those at Carnegie Mellon University, the University of California at Berkeley, the University of Chicago, the University of North Carolina at Chapel Hill, the University of Texas Austin, Northwestern University and the Ohio State University.

Alumni Perspectives

Aysa Dordzhieva

"The PhD Program at the Carlson School is an excellent place to acquire research skills as it offers a balanced curriculum that gives exposure to both analytical and empirical methodologies and covers a great range of research areas. The program encourages students to start working on their own ideas as early as possible and provides freedom to explore and experiment in a very supportive environment. This helped me tremendously to shape my own research interests, develop my thesis, and start my academic career."  

Assistant Professor, Department of Accounting Red McCombs School of Business at the University of Texas at Austin

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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

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Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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The Robert H. Smith School of Business 1570 Van Munching Hall Phone: 301-405-2286 [email protected] http://rhsmith.umd.edu/programs/undergraduate/

The Accounting major is also offered at  The Universities at Shady Grove in Montgomery County, Maryland. Go  here to see more information about the Robert H. Smith School of Business's undergraduate offerings at the Shady Grove campus.

Chairs: M. Kimbrough, J. McKinney (Associate Chair)

Professors: L. Gordon, R. Hann, M. Kimbrough, M. Loeb

Associate Professors:  S. Cao, N. Seybert, E. Zur

Assistant Professor: M. Subasi

Lecturers: P. Basu (Clinical), E. Cantor (Assoc Clinical), S. Handwerger, M. Keim, J. McKinney (Clinical), M. McMillian (Assoc Clinical), P. McNamee, J. Milton, L. Mostow, B. Solomon, L. Zhang

Emeritus:  J. Bedingfield, S. Loeb

• Accounting Major

General advising for students admitted to the Smith School of Business is available Monday through Friday in the Office of Undergraduate Programs, 1570 Van Munching Hall, 301-405-2286, [email protected] . It is recommended that students visit this office each semester to ensure that they are informed about current requirements and procedures. Transfer students entering the university can be advised during spring, summer, and fall transfer orientation programs. Contact the Orientation Office for further information, 301-314-8217.

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