phd in economics new york university

Economics (PhD)

Program description.

Stern’s PhD program in economics is known for its world-class faculty that includes two Nobel-prize-winning economists and an extremely low student-faculty ratio.  Students receive personalized attention while also having access to a broad range of courses through the economics department of the Graduate School of Arts and Sciences.  The research interests of Stern economics faculty span many areas, with particular strengths in industrial organization and applied micro theory, including applications to strategy, and macro economics, including applications to finance and international economics.

All applicants to the NYU Stern School of Business PhD Program are required to submit a complete application for admission. A complete application includes the  online application ,  statement of purpose ,  optional essay ,  educational history and resume or CV ,  letters of recommendation ,  test scores ,  academic transcripts , and an  application fee .

See How to Apply for admission requirements and instructions specific to this program.

Program Requirements

The program requires the completion of at least 36-54 credits, comprised of the following:

Curriculum Details

Although every doctoral student must satisfy general requirements, each student designs and completes an individual program of study.

Each new doctoral student begins a program of study, which requires approval from the Area Coordinator and the Doctoral Office. Any unusual features or revisions of an approved program of study requires permission from both the department Area Coordinator and the Doctoral Office. Unless specifically approved in advance by the Area Coordinator and the Doctoral Office, MBA courses will not be eligible for tuition remission.

The general PhD degree requirement for students entering the program with a Master’s degree or equivalent is to successfully complete a minimum of 36 credits. The requirement for students entering the program with only a Bachelor’s degree is to successfully complete a minimum of 54 credits. If the Doctoral Office and the department Area Coordinator approve, a program of study may include previous graduate work at NYU or other universities. In all cases, students must complete at least 33 credits of coursework at NYU.

An approved program of study becomes part of the student’s permanent academic file and represents a formal commitment by both the student and the school. Any approved program can be modified as appropriate.

A complete program of study must include:

• Prerequisites: Every student must satisfy the prerequisites in calculus, linear algebra, basic probability and statistics, and economics before starting doctoral study. This can be accomplished by taking courses in these subjects for a grade.
• Basic Research Skills Methodology Courses: Every student must complete four research methodology courses, including three courses in probability and statistics, and one course in microeconomics.
• Major Specialization & Elective Courses: Every student must complete the prescribed program of courses in their major specialization, as well as elective courses.

Additional Program Requirements

Program of study.

Successfully complete a program of study, including completion of prerequisite coursework, basic research skills methodology courses, and major field of study and elective courses.

Comprehensive Examination

Successfully pass the comprehensive examination(s) required in the student’s area of study.

Teaching Workshop

Attend the Teaching Workshop and receive certification to teach an undergraduate course.

Teaching Preparations

Successful completion of the teaching practica as described in the PhD Handbook.

Teach an Undergraduate Course

Teach one undergraduate course or the equivalent during the 4th year of study.

Dissertation Proposal

Initiate a major piece of original research and present it for faculty approval.

Dissertation Defense

Complete a satisfactory dissertation and defend it successfully at the defense presentation. The research is the extension and completion of the research presented at the dissertation proposal.

Sample Plan of Study

Learning outcomes.

Upon successful completion of the program, graduates will:

• Learn to read any economics paper, regardless of methodology. Become fluent in methodologies of economic theory and econometrics. Acquire the tools required to analyze existing research and create independent research.
• Acquire expertise in a research fields within economics (any field, including applied micro, IO, macro, economic history, theory, etc.) Identify important open questions.
• Be skilled presenters of academic research.
• Be skilled teachers.

Stern Policies

Nyu policies.

Additional academic policies can be found on the Stern Graduate Academic Policies page . 

University-wide policies can be found on the New York University Policy pages .

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A doctorate is the pinnacle of an arts and science education. Founded in 1886, the Graduate School of Arts and Science at NYU is among the oldest schools offering doctoral programs in the United States. Today NYU’s doctoral programs span the humanities, sciences, and social sciences, and students pursue cutting-edge research with the close supervision of NYU’s internationally recognized research faculty. New York City resources complement and enhance our vibrant intellectual communities. Use the links below to explore Doctor of Philosophy and dual advanced degrees at New York University.

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PhD in Economics

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• 7/27/18 Graduate Admissions
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Already enrolled in UB? Get details about Economics advisement, forms and other resources for current students. 

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The mission of the PhD in Economics program is to produce professional economists by providing graduates with a modern, balanced and high-quality education in both theoretical and applied economics. The department is also committed to examining and improving its program and enhancing the research efforts between faculty and graduate students.

The PhD in Economics program trains students in the core areas of economics (macroeconomics, microeconomics and econometrics) and in quantitative methods, improving their mathematical and econometric skills in the first year. In the second year students gain exposure to several applied fields of economics such as labor, urban and public economics and industrial organization. After the second year students define a field of their choice in which they commence PhD dissertation work. You may read recently completed  PhD dissertation s  topics, as well as selected PhD alumni  bios.

The PhD program in Economics is classified as a STEM degree (CIP Code 45.0603: Econometrics and Quantitative Economics). This designation reflects the quantitative orientation of the program and makes international students on F-1 visas eligible for a total of 3 years of Optional Practical Training (OPT) after graduation.

The incoming PhD stipend will be at least $20,000 for our departmental funded students.

Learning Outcomes

Every fall, the department welcomes approx. 9-14 new doctoral candidates. The PhD degree can take anywhere from four to eight years to complete, depending on the student's individual progress. Upon successful completion of the PhD in Economics, students will:

• Demonstrate an in-depth knowledge of microeconomic and macroeconomic theories and methods of analysis.
• Demonstrate mastery of the issues, theories and latest advances in one of the sub-fields of economics offered by the program.
• Demonstrate ability to conduct independent and original basic and applied research in economics.
• Achieve a high level of competence understanding the most recent theoretical and quantitative methods in economics.
• Acquire employable skills (i.e. teaching experience) to further professional endeavors. Most graduates pursue academic teaching and research careers, while others find rewarding careers in federal, state or local government, or in the private sector, both at home and abroad. 

Meet our Graduate Ambassadors

Jameson Yu is the Assistant Director of graduate economics programs. He is responsible for recruiting students from around the world, answering program questions, processing applications and assisting our PhD students. Please feel free to contact Jameson by telephone, email or personal appointment with any questions or concerns. 

423 Fronczak Hall

Phone: (716) 645-8674

[email protected]

Phone: (716) 645-8679

[email protected]

PhD | Finance

The Ph.D. in Finance

Stern’s Ph.D. program in finance trains scholars to conduct research at the leading edge of financial economics. The faculty represents one of the largest finance research groups in the world that has been ranked consistently as the leading publisher of academic research in top finance journals. Comprised of more than 40 researchers, including a Nobel-prize-winning economist, our faculty are active in all areas of finance—asset pricing, corporate finance, derivatives, market microstructure, and behavioral finance—with both theoretical and empirical focus, and with emerging specialization in the areas of financial intermediation, crises, and macro-finance. As a result of this unusual breadth, students have access to expertise in almost any topic that they might wish to explore.

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Navigate a Dynamic Marketplace

Our economics program will prepare you for today’s ever-changing economic landscape. Our curriculum equips you for careers in diverse settings, such as government agencies, think tanks, multinational organizations, and financial institutions.

Ranked in the top 20 best colleges for economics in New York (Source: Niche )

Average total compensation of an early career economist with 1–4 years of experience (Source: PayScale )

Top 10 list of lucrative degrees (Source: CNBC )

New Program

Bachelor of Science in Computational Economics

The Bachelor of Science in Computational Economics is the first program of its kind in New York State where you learn how to apply high-level quantitative and data analytical skills to solve economic and business-related problems.

Undergraduate Programs

Our undergraduate programs in economics, business economics, and computational economics teach you the skills you need to succeed in a fast-paced, ever-changing economy.

Graduate Program and Combined Degrees

Our master’s program is the only one in the New York metropolitan region that combines public economic policy and quantitative analysis. With our combined degree programs, you can prepare faster for a career in quantitative research, business analytics, finance, or government policy.

The support system within the Economics Department created an environment where I felt I could truly thrive. —Caterina Messina '23 Budget Planning Analyst, Lightpath

Innovative Learning Experiences

Our department offers one-of-a-kind opportunities for economics and business economics majors to compete with other schools in our Federal Reserve Challenge and Fiscal Challenge. With each competition, students test their knowledge of the US economy, monetary policy, and fiscal policy. Pace University’s team has developed a championship pedigree, winning the national Federal Reserve Challenge competition five times in eight years.

Enriching Opportunities

Department Events

From our student events to our department's monthly Brown Bag Series, we have activities to help hone your skills and provide invaluable insights into cutting-edge research.

Economics Student Organizations

Join student-led Economics organizations like the Economics Society or Women in Economics to discover academic allies, connect with alumni, and develop lifelong friendships.

Internships

Learning from accomplished faculty and gaining valuable experience through internships in one of the world’s most prominent economics hubs will position you for success in business, finance, research, or government.

Dedication to Growth and Engagement

Dive into the latest departmental news and stories about the students who are leaving a mark on the world of economics.

Support our Programs

Joseph Morreale Economics Department Program Fund

The Joseph Morreale Economics Department Program Fund was established in honor of Professor Morreale’s contributions to the Economics Department, Pace University, and a wider scholarly community. The fund will help the Economics Department to continue developing exciting and rewarding opportunities for economics students.

Discover Your Potential

Get going and take the next steps toward a rewarding career in economics.

New PhD course focuses on intersection of climate economics, sustainability

Rising to a critical need for more research and leadership in climate finance, Berkeley Haas has joined a group of top universities worldwide in offering an innovative online PhD course focused on the intersection of climate economics and sustainability.

Professors Adair Morse and Panos Patatoukas , co-faculty directors of the Sustainable & Impact Finance Initiative (SAIF) at Haas , have signed on to teach the online class called “Financial Economics of Climate and Sustainability.” 

Ten schools, including Stanford, Harvard, Yale, Columbia, and Oxford, are now offering the global doctoral course for free to their PhD students. Nearly 1,000 students from 127 schools across 30 different countries are participating in the 10-week course.

The goal is to inspire a new generation of climate leaders to embark on new research that leads to innovative ways of thinking about climate finance, Patatoukas said. “Our job as instructors will be to give them the tools and the frameworks and provide ways for them to start asking interesting questions,” he said. “Overall, it’s a really good time to more formally train our students in this space. It’s rapidly evolving, it’s messy, it’s not perfect, but that makes it interesting and exciting and an area of growth that is full of opportunities.”

The course will help create change in two areas. First, it encourages students to work outside of their academic silos and come together to share ideas. “Sometimes, in a business school, we’re thinking about these problems in isolation, but this is definitely a field where everybody has to work with each other to come up with better solutions,” Patatoukas said. Second, the course will encourage students to publish cutting-edge research. “We feel like our students will have an easier time getting published in an area that is so impactful and new where basic questions remain open,” he said. 

Each week, professors from different institutions will teach topics including climate, sustainability, and economic theory; corporate carbon disclosure; introduction to climate science; climate and asset pricing; and climate and investment management. All students enrolled in the course for credit will be required to submit an idea for a research project or a plan to review a set of sustainability papers from outside of the course by the last class.

“The timing is perfect for this course,” Patatoukas said. “Because as consensus has grown worldwide over the climate crisis, a transition to net zero isn’t happening fast enough.”

That’s where mobilizing massive amounts of capital to fight climate change comes into play.  An estimated $4 trillion to $5 trillion a year in resources will need to be financed and distributed to address climate global needs, said Terhilda Garrido , interim executive director of SAIF. “Only a fraction will be provided by governments,” she said. “This course addresses our need to mobilize innovative climate finance quickly, train leaders in finance, and learn from each other, globally. Climate is a global issue requiring global collaboration.”

The post New PhD course focuses on intersection of climate economics, sustainability appeared first on Haas News | Berkeley Haas .

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Call for Applications: Fellowships in Academic Administration

Apply Now for Summer 2024 GSAS Fellowships in Academic Administration!

We invite PhD students to apply for  GSAS Fellowships in Academic Administration . Fellows are embedded in host offices across the university, where they gain valuable professional experience, learn new skills, and expand their professional networks. Fellows spend up to ten hours per week on their projects and fellowship-related professional development and receive a  $2,000 stipend.

Participating host offices  for summer 2024 are listed below.  Please visit the  program webpage  for detailed position descriptions.

• Center for Veteran Transition and Integration (CVTI)
• Columbia University Press
• GSAS Compass
• Institute for Comparative Literature and Society (ICLS)
• Zuckerman Institute

To be eligible, candidates must be in years three through seven of an Arts and Sciences doctoral program.  The deadline to apply is Thursday, May 2, 2024.

Visit the  Fellowships in Academic Administration webpage  for detailed program and eligibility information, full position descriptions, and the link to the online application. Please join us for an  information session  on April 26 at 12:00 pm on Zoom.   Contact Rachel Bernard, Director of Graduate Career Development, ( [email protected] ) with questions.

1022 International Affairs Building (IAB)

Mail Code 3308

420 West 118th Street

New York, NY 10027

Department of Economics

Aeasp 2024 scholar haley locke.

Haley Locke , a graduating senior at Sonoma State University, is on track to receive her bachelor's degree in Economics in spring 2024. Currently, she serves as an undergraduate research assistant at Sonoma State, collaborating with professors on various research projects spanning topics such as Hate Crimes, Elections, and the Wine industry. Through this experience, Haley has developed a genuine passion for research and academia, inspiring her to pursue further studies at the graduate level. Her academic interests revolve around development, technology, and equity, reflecting her commitment to understanding and addressing societal challenges. In addition, Haley also is the as the department's Economic Peer Tutor, providing support to her fellow students. Outside of academia, she enjoys pottery, walking her dogs, staying active at the gym, and exploring new recipes in the kitchen.