phd scholarships in economics

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. 

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Top 38 Economics Scholarships in May 2024

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Economics is an exciting major that examines the production, distribution, and consumption of goods and services in various economies around the world. As an economics student, you’ll learn how to analyze and interpret data, study economic systems and policies, and develop critical thinking and problem-solving skills. A major in economics can lead to careers in business, finance, government, or research, and provides a solid foundation for graduate studies.

There are also a number of great scholarships available to economics students. Keep on reading to learn more about the best opportunities to pay for college and graduate school.

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The Scholarships360 Research Team reviews all scholarships individually and strives to exclude any scholarship where any of the below applies:

• The scholarship requires a fee to apply
• The scholarship provider’s privacy policy allows for the misuse of student data
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• Student are required to sign up for a site or service to apply*
• The scholarship seems primarily used for lead generation** or idea harvesting purposes***
• The scholarship website has many grammatical errors and/or advertisements
• The scholarship or scholarship providing organization seem untrustworthy
• There is no evidence the scholarship was previously awarded
• The scholarship has not been awarded in the past 12 months
• There is no available contact information

If you believe a scholarship has been published in error, please reach out to [email protected] and we’ll take a look!

* There are certain exceptions to this, for example if the sponsoring organization is a major corporation or nonprofit with its own scholarship application system. ** Lead generation scholarships will require students to sign up for an app or website and require minimal (if any) application requirements. ***Idea harvesting scholarships will require students to submit blog posts or other materials that companies may use for marketing purposes.

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The Scholarships360 $10,000 “No Essay” Scholarship is open to all students who want some extra help paying for their education. Whether you are a high school student who hopes to go to college, a graduate student who’s in a master’s program, or an adult learner who wants to return to school, you are eligible for our no essay scholarship. This scholarship will be awarded to students who get the most out of Scholarships360 scholarships and content. You will be a strong applicant if you apply to scholarships with the Scholarships360 platform. Finalists for this scholarship will be interviewed about their process for funding their education. Show Less

$2,000 Sallie Mae Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Sallie Mae

Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for…

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Fulbright-National Science Foundation Distinguished Scholar Award in Cybersecurity and Critical Infrastructure

Offered by Council for International Exchange of Scholars

This “Fulbright-National Science Foundation Distinguished Scholar Award” is open to Ph.D. and Terminal Degree holders interested in both conducting research and teaching courses in cybersecurity… Show More

This “Fulbright-National Science Foundation Distinguished Scholar Award” is open to Ph.D. and Terminal Degree holders interested in both conducting research and teaching courses in cybersecurity and critical infrastructure at select Icelandic universities. Selected scholar(s) may conduct research and/or teach a course at the university level or deliver seminars/workshops. Research projects must focus on cybersecurity or critical infrastructure related to any of these areas: (1) pure and applied research, (2) research coordination, (3) transitioning research into practice, (4) workforce, curriculum, and capacity development, (5) enterprise risk management, or (6) law, policy, and international relations. Scholars may also participate in consulting, developing training curricula, and assisting with evaluations. Participating institutions are the University of Iceland, Reykjavik University, and the University of Akureyri. If this sounds like a good opportunity for you, keep on reading to learn more! Show Less

$40,000 Build a College List Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by The College Board

Create a college list with six schools you're considering - no minimum GPA or essay required!

PixelPlex Bi-Annual STEM Scholarship

Offered by PixelPlex

Are you a U.S. citizen or permanent resident who will soon be enrolled in a postsecondary institution with intentions of studying a STEM, business, or… Show More

Are you a U.S. citizen or permanent resident who will soon be enrolled in a postsecondary institution with intentions of studying a STEM, business, or economics-related field? If so, consider applying for the PixelPlex Bi-Annual STEM scholarship! Each year, the scholarship awards $2,000 to one applicant who best answers how blockchain, metaverses, the internet, or augmented reality could be applied to help solve an issue in an industry of the applicant’s choice. The scholarship is biannual, with each year's deadlines being June 5th and December 5th. The scholarship is provided by PixelPlex, a technology consulting company with 15 years of experience. If you’re a techie passionate about innovation and creating the “next big thing”, we encourage you to apply! Show Less

Niche $25,000 “No Essay” Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Niche

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year!

American Society of Military Comptrollers High School Scholarship

Offered by American Society of Military Comptrollers

The American Society of Military Comptrollers High School Scholarship annually awards between $1,000 and $3,000 to nine high school seniors pursuing a future in financial/resource… Show More

The American Society of Military Comptrollers High School Scholarship annually awards between $1,000 and $3,000 to nine high school seniors pursuing a future in financial/resource management. Eligible fields include, but are not limited to, business, economics, accounting, and finance. This scholarship aims to increase local chapter scholarship programs and requires an ASMC chapter endorsement letter to apply. Chapter presidents may only submit up to two applications each award year, so, if you're interested, make sure to get your application in early to be considered! Show Less

Stossel in the Classroom Essay Contest This scholarship has been verified by the scholarship providing organization.

Offered by Center for Independent Thought

The Stossel in the Classroom Essay Contest gives students an opportunity to express themselves and win great prizes. The contest is open to students in… Show More

The Stossel in the Classroom Essay Contest gives students an opportunity to express themselves and win great prizes. The contest is open to students in grades 5 to 12, age 10 to 18, residing in North America, Hawaii, or at a U.S. military address. Students may submit their essays directly, or have them submitted by a teacher or parent. Employees of Stossel in the Classroom, Stossel TV, and Center for Independent Thought, or any person or organization involved in the operation and/or setup of the contest, and their immediate family members are not eligible for this contest. Previous winners of a Stossel in the Classroom first-place prize are not eligible for prizes in subsequent contests. Be sure to proofread your essay before it's submitted and be mindful of the 500 - 1,000 word requirement. Most of all, be sure to cite your sources and check your facts. If you're a 5th - 12th grader who has a passion for history and/or economics, we encourage you to apply! Show Less

$25k “Be Bold” No-Essay Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Bold.org

Open to high school students, college students, community college students, and graduate students.

iContact Foundation Scholarship

Offered by Triangle Community Foundation

The iContact Foundation Scholarship Program promotes educational advancement by offering competitive scholarship opportunities for (1) the children (biological, adopted, step, or foster) of current and… Show More

The iContact Foundation Scholarship Program promotes educational advancement by offering competitive scholarship opportunities for (1) the children (biological, adopted, step, or foster) of current and former iContact employees and (2) any person living in Chatham, Durham, Orange, or Wake County and majoring in computer science, business or entrepreneurship, economics, or marketing and communications. Scholarship recipients are selected based on demonstrated financial need, community involvement and leadership, and academic merit. The scholarship may be used towards any need listed under the school’s total cost of attendance. The student is responsible for all other charges. Payments are made annually for up to 4 years, and the student must maintain good academic standing and submit semester reports in order to continue receiving funding. If you're the child of an iContact employee or you reside in any of the above-mentioned counties and are pursuing an eligible major, we encourage you to apply! Keep on reading to learn more. Show Less

Paul Ecke, Jr. Scholarship

Offered by American Floral Endowment

The Paul Ecke, Jr. Scholarship, established to celebrate the life and work of a visionary who revolutionized the floriculture industry, annually awards a $5,000 award… Show More

The Paul Ecke, Jr. Scholarship, established to celebrate the life and work of a visionary who revolutionized the floriculture industry, annually awards a $5,000 award to a post-secondary student pursuing a degree in horticulture or a related field. The recipient will receive the scholarship for two years, as long as they maintain eligibility and submit yearly updates. Paul Ecke, Jr., whom the scholarship was named for, was passionate about the future of floriculture and believed that innovative research and education were key to its success. This scholarship recognizes the importance of creative scientists and educators in leading the floral industry into the future. If you want to be a part of the future of the floral industry and lead it forward, we encourage you to apply! Keep on reading to learn more. Show Less

$10,000 CollegeXpress Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by CollegeXpress

Annual $10k scholarship from CollegeXpress open to all high school freshmen, sophomores, and juniors.

WIIT Student Scholarships

Offered by Women in International Trade (WIIT)

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The WIIT Student Scholarships are awarded twice per year to support and encourage women to study all aspects of International Trade including commercial relations, trade policy and negotiations, economic development, women's economic empowerment, and more. Applicants must identify as female and be currently enrolled at an accredited U.S. university or college, completing their last two years of an undergraduate program, or currently enrolled in a graduate program. Application deadlines are on April 1st and November 1st of each year. Selected recipients will be awarded $1,500 each, in addition to one full year of personal mentorship by a WIIT member and one full year of WIIT membership. If you're a female college upperclassman or graduate student with a passion for international trade, we encourage you to apply! Keep on reading to learn more. Show Less

Golden Door Scholarship

Offered by Golden Door Scholars

Are you a current or incoming undergraduate student who is undocumented or has DACA status? Further, are you pursuing a degree or career in a… Show More

Are you a current or incoming undergraduate student who is undocumented or has DACA status? Further, are you pursuing a degree or career in a STEM, nursing, or business-related field? If so, you may be eligible for the Golden Door Scholarship! Each year, the scholarship awards the cost of tuition, room, and board to multiple undocumented/DACA students who demonstrate financial need and are attending a partner school (see full list of partner schools under "Eligibility Information"). Applicants not attending a partner school will also be considered on a case-by-case basis. If you're an undocumented or DACA student pursuing your first undergraduate degree, and you demonstrate financial need, we encourage you to apply! Keep on reading to learn more. Show Less

$1,000 Appily Easy College Money Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Appily

This easy scholarship from Appily is open to U.S. high school students (Class of 2025, 2026, 2027) and college transfer students. One scholarship will be… Show More

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Fulbright Distinguished Chair in Applied Public Policy (Democratic Resilience) (funded by Flinders University)

The Fulbright Distinguished Chair in Applied Public Policy (Democratic Resilience) is funded by Flinders University and designed to increase awareness of the field of applied… Show More

The Fulbright Distinguished Chair in Applied Public Policy (Democratic Resilience) is funded by Flinders University and designed to increase awareness of the field of applied public policy in Australia. In addition, it's meant to promote comparative and collaborative research between Australia and the United States in the field of applied public policy, especially as it relates to enhancing democratic resilience. The scholarship committee is looking for research that contributes to an advancement in the understanding of the use and regulation of emerging technology for positive social impact. This may include the way that technological changes can shape policy, laws, and political behaviors to enhance national security, governance of society, and democracy. Alternatively, it may address the risks of such technological changes. For more information on how to apply, keep on reading! Show Less

Fulbright Distinguished Chair in Arts, Humanities and Social Sciences (The Australian National University)

The Fulbright Distinguished Chair in Arts, Humanities and Social Sciences (The Australian National University) will award one student who will then undertake collaborative research with… Show More

The Fulbright Distinguished Chair in Arts, Humanities and Social Sciences (The Australian National University) will award one student who will then undertake collaborative research with faculty in the arts, humanities, and social sciences at The Australian National University (ANU). The scholar also will engage with faculty, staff, and students through guest lectures, seminars, and one-on-one interactions and will explore long-term collaborations and institutional linkages between her/his home institution and ANU. Interested applicants should contact Professor Rae Frances, Dean of the ANU College of Arts and Social Sciences, to discuss projects and obtain the required letter of invitation. Applicants must have a Ph.D. or other terminal degree. To learn more about the scholarship, keep on reading! Show Less

$5,000 Christian Connector Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Christian Connector

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian…

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian university or college.

Fulbright Distinguished Chair in Entrepreneurship and Innovation (RMIT University)

The Fulbright Distinguished Chair in Entrepreneurship and Innovation (RMIT University) scholar will conduct research at RMIT that aims to solve critical global problems and create… Show More

The Fulbright Distinguished Chair in Entrepreneurship and Innovation (RMIT University) scholar will conduct research at RMIT that aims to solve critical global problems and create value from research that provides others outside the academic community pathways to deliver the ultimate positive economic, societal, and environmental impacts. This opportunity gives exceptional senior scholars and terminal degree holders from the United States a chance to pursue research and/or practice of importance to RMIT in the area of entrepreneurship and innovation. Scholars are encouraged to collaborate with the host institution and give workshops or short seminars, but should not teach intensive seminars or coursework. Keep on reading for more details! Show Less

Fulbright Future Postdoctoral Scholarship (funded by the Kinghorn Foundation)

The Fulbright Future Postdoctoral Scholarships support projects that seek to advance cutting-edge applied science, kick-start innovative business collaborations that foster the creation of new jobs,… Show More

The Fulbright Future Postdoctoral Scholarships support projects that seek to advance cutting-edge applied science, kick-start innovative business collaborations that foster the creation of new jobs, or further the development of impact-driven emergent technologies. This unique opportunity provides significant funding for projects that seek to have a positive impact on the health, prosperity, and livelihoods of Americans and Australians through programs of collaborative research and development. All applicants are required to hold a Ph.D. or Terminal degree and must include a letter of invitation from their proposed institution. If you're an innovator or entrepreneur wanting to positively impact the lives of Australians and Americans, we encourage you to apply! Keep on reading to learn more. Show Less

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• Resources for Students
• Preparing for graduate school

Funding Opportunities for Graduate School

Financing graduate study in economics is often done in conjunction with the student's PhD program. Most graduate school funding is not need-dependent, but instead tends to be merit-dependent.

Funding is generally awarded in the form of fellowships, research assistantships, and teaching assistantships. Different programs award funding for different durations. According to the study, " Attrition in Economics Ph.D. Programs ," (Stock, Finegan, and Siegfried, 2006), about 80 percent of the incoming class of economics PhD students at a representative sample of PhD programs were awarded financial aid during their first year of graduate study. The largest proportion of these was in the form of fellowships (which generally have no work requirement). The second most common financial aid was in the form of teaching and/or research assistantships (which generally include a work requirement).

Securing some form of aid and receiving a fellowship are more common among students enrolled at top-tier programs.

Links to Funding Resources

• ProFellow has a list of fully funded PhD programs in Economics.
• Siju’s Chronicles has a YouTube video that lists fully funded PhD programs in Economics.
• The Western Interstate Commission for Higher Education Western Regional Graduate Program offers resident tuition to students at certain schools.
• Anne Byrne maintains a list of small grants for graduate students in economics and related fields.
• The National Science Foundation awards funding through its Graduate Research Fellowship Program.
• Cornell offers information about various fellowships available to graduate students.
• The University of California-Riverside provides an extensive list of links to websites that offer financial support for graduate students, which are categorized by subject area.
• The American Institute of Economic Research provides a description of their fellowship program .
• The University of Washington offers links and information about graduate school funding .
• The World Bank has scholarships for students from developing countries.
• The Ford Foundation has a fellowship program for minorities pursuing PhDs.
• The National Economic Association has a list of economics grants and fellowships
• The Public Company Accounting Oversight Board offers an Economic Research Fellowship Program
• Some students may want to complete the Free Application for Federal Student Aid ( FAFSA ) for potential financial aid opportunities

Funding & grants

Career earnings.

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

Upcoming Events

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Program Start October 1st, 2024

Up to eight fully funded positions are available for outstanding graduate students wishing to obtain a PhD in any area of economics. Application Deadline March 24th, 2024

Combining Expertise

RGS Econ’s PhD Program in Economics draws on and leverages the expertise, research infrastructure and networks of three universities and a leading economic research institute.

Generating Opportunities

RGS Econ’s unique combination of university and policy-oriented research environments generates creative, relevant, and high-quality dissertation research and gives our students a head start in their careers.

State-of-the-Art Courses

Comprehensive advanced first-year core courses in micro, macro and econometrics together with an extensive offering of field courses ensure that our students can undertake frontier research in all areas of economics.

Research Focus

In our qualification program, we ensure targeted dissertation guidance and research engagement from the get-go by matching incoming students to primary supervisors based on interests and expertise.

Fostering Collaboration

Early-career conferences, workshops, and short courses taught by prominent international researchers connect our students both internally and externally and often lead to collaborative dissertation projects.

Secure Funding

With admission to the no-tuition program, students generally receive scholarships during their first year, followed by research and teaching assistant positions in their primary supervisors’ research teams.

The Ruhr Graduate School in Economics (RGS Econ) offers a PhD program in Economics, complying with the highest international standards. We combine the expertise of four economics departments at the universities in the Ruhr Valley Area ( UA Ruhr ): Ruhr-Universität Bochum , TU Dortmund University , and the University of Duisburg-Essen ; with that of the  RWI - Leibniz Institute for Economic Research , one of Germany‘s leading economic research institutes.

LSE PhD Studentships

It was a huge honour to receive funding from such a prestigious institution

For 2024 entry, LSE will be offering studentships to new PhD students, in 2023 this was 88, in the form of LSE PhD Studentships, LSE DTP  ESRC Studentships  and London Arts and Humanities Partnership (LAHP)  Studentships.

The awards are open to high calibre students of all nationalities studying across all research areas at the School.

Eligibility

LSE PhD Studentships are tenable for four years and cover full fees and an annual stipend, which for 2024 entry is £21,237. They are available for UK and international students undertaking research in any LSE discipline, with annual renewal subject to satisfactory academic performance.

These awards will be made solely on the basis of outstanding academic merit and research potential. This relates both to your past academic record and to an assessment of your likely aptitude to complete a PhD in your chosen topic in the time allocated.

How to apply

Academic departments nominate students for consideration by a School panel for all PhD funding opportunities they may be eligible for. There is no separate application for any of these studentships.

To be considered for this funding, you must submit your complete application for admission to LSE by a specific date. This date differs by academic department. Refer to the individual programme page for the relevant deadline information.  Find your graduate programme .

• deadline for the research programme in the Law School for 2024 entry: 1 December 2023
• deadline for the research programme in the Department of Economics for 2024 entry (including PhD Studentships and ESRC funding: 14 December 2023
• funding deadline for first round of PhD Studentships and for ESRC funding for 2024 entry: 15 January 2024
• London Arts and Humanities Partnership (LAHP) PhD Scholarships  deadline: 26 January 2024, 17:00 GMT
• funding deadline for second round of PhD Studentships deadline for 2024 entry (some departments only): 25 April 2024

Find out about ESRC Studentships .

More information on how to apply for a place on a PhD programme .

Student stories

"I received an LSE PhD Studentship, which covers both my tuition and living expenses. It was a huge honour to receive funding from such a prestigious institution and without this support it would have been impossible for me to pursue my PhD."

Katherine Furman East London, South Africa MPhil/PhD Philosophy LSE PhD Studentship

ESRC Studentships Scholarships for PhD study and master's linked to a PhD

How to apply The application process, UCAS and when to apply

Undergraduate fees and funding Details on available scholarships, bursaries, loans and tuition fees

Graduate fees and funding Details on available scholarships, bursaries, loans and tuition fees

Contact us Get in touch with the Financial Support Office

Meet, visit and discover LSE Webinars, videos, on campus events and visits around the world

PhD program

PhD in applied economics

Our PhD program offers students a strong foundation in economic theory and econometrics, as well as the opportunity to conduct original research alongside world-renowned scholars.

We provide training in the areas of public policy, labour economics, macro-economics, monetary economics, econometrics, natural resources, environmental and health economics. We believe in an ‘open-door’ atmosphere which engages and stimulates graduate students in their chosen paths of research.

Through our rigorous academic programs and applied research experience, students develop their communication and analytical skills and are prepared for a career in academia or the private sector upon graduation.

PhD students receive $104,000 over 12 on-campus terms, and have the opportunity to work as research and teaching assistants. For students wishing to advance their teaching skills, we also have a limited number of course instructor positions available.

Data access

Students can access the Southwestern Ontario Research Data Centre (SWORDC), one the few data centres that provides access to Statistics Canada data sets in master file form. SWORDC is conveniently housed in the PAS building adjacent to Economics in Hagey Hall.

***International PhD applicants:   Due to funding restrictions, we are not accepting any international applications for 2024-2025.***

Doctoral degrees were conferred upon Zehua Pan (pictured here with Dr. Curry) and Allison Mascella this June 2022. (Photo credit: Maureen Stafford)

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Spartan Alert

Phd in economics, on campus and online options, a focus on policy research.

Our innovative Ph.D. program provides you with the advanced theoretical, quantitative, and statistical skills required to perform and interpret economic analyses in a wide range of policy-oriented areas. Graduates of the PhD in Economics program work in a broad range of in-demand fields including economic consulting and research, policy analysis and evaluation, forecasting, data science, risk analysis, and academia.

Our program focuses on producing top-quality policy-oriented researchers through rigorous training in advanced empirical analysis and economic modeling. You will be prepared to perform and interpret cutting-edge economic analyses in a wide range of areas including education, environmental policy, health, labor, public economics, macroeconomics and banking, and technology and innovation.

Collaborative research experiences with invested instructors sharing a deep commitment to teaching and scholarship

45-72 Hour Program

Earn a PhD in Economics in as little as three years

Customizable

Select a focus on: Public, labor, health, environmental economics, economics of technology and entrepreneurship, macroeconomics

Admission Requirements

Admission to the Ph.D. program requires the submission of a completed application including Graduate Record Examination (GRE) test scores and a completed bachelor’s degree with coursework in the following:

• Intermediate microeconomics
• Intermediate macroeconomics
• Regression analysis
• Mathematical economics or equivalent

Students who enter the program with a master’s degree in economics may be eligible to waive up to 15 credit hours, depending on their coursework.

General Program Of Study

An established legacy of excellence since 1935, the department of economics has celebrated more than 80 years of service in education and developing researchers., full & part-time program options.

We offer full-time and part-time options for completing the PhD in economics program. For those who wish to pursue the program full-time, this program can be completed in as little as three years. For those who would rather pursue the program part-time, we will sit down and work out your plan of study to fit your needs and desires. The time to complete the PhD degree part-time will depend on the specifics of that plan of study, but a common plan results in completion in five or six years.

Check Out Our Program Fact Sheet

Program costs.

Estimated program costs are based on completing 45 credit hours calculated by 2021-2022 rates. Costs exclude textbooks and student health insurance. If you would like to view a complete schedule of tuition, fees, meal plans and financial aid opportunities, visit the Spartan Central website .

The Department typically provides tuition waivers to well-qualified doctoral applicants along with a stipend, fellowship, or scholarship to reimburse student fees and the majority of cost of living expenses. Additionally, information on financial assistance is available through the Spartan Central website .

February 1st – Priority deadline

Complete applications submitted by this date are given first priority for admission and for financial support through fellowships, scholarships, and assistantships.

May 15th – Standard deadline

Complete applications submitted by this date will be considered for admission and for financial support after applications that were submitted by February 15 have been evaluated.

2021 Class Profile

Female Students

International Students

Minority Students

Average Class Size

Mean Undergraduate GPA

The Student Experience

Close collaboration with faculty.

Our PhD students work under the guidance of faculty who conduct nationally and internationally recognized research that promotes economic understanding, policy improvements, and economic development. Whether it is classroom interactions or one-on-one discussions, you’ll find our faculty always have time to support you as you make your way through the PhD program.

Classes at the doctoral level are small, and students benefit from direct and frequent interactions with faculty.  Students begin working in applied research early in their programs and are encouraged to work with faculty to identify policy problems they want to investigate through their dissertations.  They frequently work with faculty on grant-funded research, and co-author papers with faculty for presentation at regional and national professional meetings.

Students Who Work (and Play) Together

Because our PhD program is small, you’ll also find that it’s easy to get to know your fellow students. PhD work can be a daunting process, but it’s made easier and more rewarding when students work together. We strongly encourage our students to work together, to help each other out, and share in their successes.

Whether it is work in the classroom, as a graduate assistant, or on a dissertation, you’ll find our students accessible and willing to pitch in to help. That help sometimes extends beyond the formal boundaries of the program; sometimes the best thing you can do for someone is to help them relax!

Opportunities to Share Your Work

Part of being an economist is sharing one’s work, getting feedback, and, yes, sometimes engaging in discussions over contentious issues. As a result, we strongly encourage our PhD students to share their work at all stages of the research process. This can take place informally through one-on-one conversations with faculty or fellow students, casual group conversations at the end of the day, or even by exchanging written work and asking for feedback. But formal interactions are also an important part of the world of the economists, so the Department also strongly encourages PhD students to participate in our informal Brown Bag Presentations intended for work still in the early stages and in our more formal Seminar Series where more complete, polished work can be shared.

Recent job placements of our graduates

• Lead Economist, The MITRE Corporation Washington, DC Area
• Assistant Professor, University of Maine
• Lead Data Scientist , ADP
• Senior Research Economist , RTI International Durham, NC
• Lecturer (U.K. AP equivalent) , University of Strathclyde Glasgow, Scotland
• Consultant , The Lewin Group Washington, DC Area
• Postdoctoral Research Fellow, Northeastern University
• Economist, Amazon
• Research Fellow , Ankara University Ankara, Turkey
• Economist, U.S. Department of Agriculture Washington, DC Area

Have Questions?

To learn more about the PhD in Economics program please contact Dr. Dora Gicheva at [email protected] .

Dr. Dora GiCheva

Bryan 459 [email protected]

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World Bank Scholarships Program

• Japanese Nationals
• JJ/WBGSP - Reports

Update on Developing Country Nationals

The next windows for scholarship applications will open in January and March 2024.  

• Developing Country Nationals

The World Bank’s  Development Economics  Vice Presidency (DEC) provides scholarships to students and young researchers, contributing to the World Bank’s mission of forging new dynamic approaches to capacity development and knowledge sharing in the developing world.

It is an important component of the World Bank’s efforts to promote economic development and shared prosperity through investing in education, capacity building, and developing human resources in the developing world. 

Since 1982, the DEC’s scholarship programs have helped to form a pool of over 6,000 well-trained and experienced development professionals and scholars, transforming their countries and positively impacting future generations.

Active Programs

• Joint Japan/World Bank Graduate Scholarship Program  (JJ/WBGSP): Since 1987, JJ/WBGSP has enabled more than 6,000 mid-career professionals from 160 developing countries and Japan to complete graduate degrees in development-related fields. On an annual basis, the Government of Japan solely funds the JJ/WBGSP.
• Robert S. McNamara Fellowships Program  (RSMFP): Since 1982, RSMFP has provided support to young researchers on a wide variety of topics in development-related fields. Currently, the program connects promising young researchers to World Bank research, data resources, and tech­nical expertise. Selected fellows are hosted as a cohort at the World Bank in Washington D.C. and work on DEC research projects, receiving formal training and participating in policy relevant research.

Inactive Program

Japan Indonesia Presidential Scholarship Program (JIPS):  This Program is no longer accepting applications.  With a one-time $10 million grant from the Government of Japan, this scholarship supported three cohorts (2008–2010) of 43 Indonesian PhD students to study abroad under the sponsorship of one of the program’s ten partner Indonesian universities. This window is now closed to new applicants.

JJ/WBGSP SCHOLARS & ALUMNI PROFILES

The Scholarship Program enhanced and maximized my learning experience at school, allowing me to commit my entire energy to build my foundation in econometric analysis and statistical programming at the professional level.

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Call for applications – PhD Scholarship Economics

We offer two PhD Scholarships for 3 years (with possible extension for one more year), starting September 2022. We are looking for students who aim at enrolling on the PhD program in Economics (University of Barcelona) . The candidates must have a Master in Economics completed by summer 2022 and apply to the PhD program in Economics, University of Barcelona ( http://www.ub.edu/school-economics/phd-in-economics/ ).

The successful candidate will develop his research under the supervision of researchers belonging to the IEB Research Programs (see fields of interest at www.ieb.ub.edu ). Successful candidate will have teaching duties in applied economics at undergraduate level within the department of Economics (area of Public Economics) of the Faculty of Economics and Business (UB).

The yearly gross amount of the stipend is 16.400€ (Salary comes with full social security benefits). The scholarships also cover PhD tuition fees and travel grants for conferences.

The scholarships are funded by the Barcelona Institute of Economics (IEB).

Only complete applications will be considered. Candidates must:

Apply to PhD program in Economics (see requirements and documentation: http://www.ub.edu/school-economics/phd-in-economics/ ). Deadline: 30 th April 2022

Send a statement of purpose to [email protected] indicating in the title of the message ‘PhD Scholarships – Economics’ before the 30 th April 2022.

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Department of Agricultural and Applied Economics

• Degree Programs

6.0. Doctor of Philosophy Degree Program

The doctoral program in Agricultural and Applied Economics is designed to develop a broad based competence in economic theory and in techniques of quantitative analysis. Dissertation research of students in our department usually addresses applied problems using contemporary economic theory and analytical methods. Students completing our program have demonstrated a high degree of success in academics, business, and government.

Two options are offered for the Doctor of Philosophy in the Agricultural and Applied Economics program. The first option does not require a minor. The second option includes a minor in Family Financial Planning—a joint Ph.D. program between the Department of Agricultural and Applied Economics and the College of Human Sciences. Completion of the Doctoral program in Agricultural and Applied Economics with a minor in Family Financial Planning qualifies graduates to take an exam administered by the Certified Financial Planning Board of Standards to become Certified Financial Planners.

6.1. Prerequisites

Most students will have completed the requirements for an M.S. degree or its equivalent before admission to the doctoral program. If the Master's degree does not meet the prerequisite requirements for entering our Master of Science program (see Section 5.1) then those requirements must be met in order to enter the Ph.D. program. Some exceptional students will be offered the opportunity to pursue a Ph.D. directly from a Bachelor's program. In this case, see the Graduate Coordinator for course and program requirements.

Background in algebra, partial and total differentiation, integration and basic matrix or linear algebra operations are very useful to perform well in coursework and research work.

6.2. Credit Hour Requirements

The doctoral program requires a minimum of 60 credit hours of course work beyond the baccalaureate degree and at least 12 credit hours of dissertation research (AAEC 8000).

6.3. Transfer of Credit

Transfer of graduate credit from other academic institutions may be allowed. The request for transfer must be initiated by the student and supported by the student's committee chair. Transfer decisions are made by the department Graduate Coordinator and must be approved by the Graduate School . Information required in support of transfer requests includes academic transcripts and course catalogue descriptions of each course proposed for transfer. Course syllabi may also be requested to support transfer decisions.

6.4. Substitution for Core Courses

Substitutions for core courses are allowed only under unusual circumstances. Requests for substitutions for core courses must be initiated by the student and his or her committee chair, to the department Graduate Coordinator and must be approved by the Graduate School . Final decisions on substitutions for core courses taught outside our department are made by the department Graduate Coordinator . Decisions on core courses taught in the department are made by the current instructor of the core course being replaced.

6.5. Ph.D. Comprehensive Examination

The purpose of the Ph.D. comprehensive examination is to test the student's ability to integrate knowledge from various subject matter areas and apply appropriate concepts and tools to issues and problems relevant to the discipline. The comprehensive exam is administered by a departmental committee twice each year (usually in May and August) and is normally taken at the end of the first full year of coursework. The exam has two parts which are taken separately. Part 1 of the exam focuses econometric methods and Part 2 covers microeconomic theory. Students have two opportunities to pass both parts of the exam. If both parts of the exam are passed on the first attempt then the student has successfully completed this degree requirement. If one or both parts of the exam are failed on the first attempt (usually in May), the student must retake the failed part(s) at the next offering (in the following August). A second failure of either part of the comprehensive exam will result in dismissal from the student's Ph.D. program.

6.6. Qualifying Examination and Admission to Candidacy

Graduate school rules require that all doctoral students successfully complete a Qualifying Examination for admission to candidacy for the doctor's degree. In the Department of Agricultural and Applied Economics the Dissertation Proposal Defense serves as the Qualifying Exam. Students are allowed two attempts to satisfactorily complete this examination. Failure to satisfactorily complete the examination on a second attempt will result in dismissal from the Ph.D. program. Further information on the Dissertation Proposal and Proposal Defense is provided in Section 9.0 of this Handbook.

6.7. Final Examination

All doctoral candidates are required to pass a public final oral examination which is usually over the general field of the dissertation. Candidates should consult the Graduate School for details regarding scheduling of the final examination. After the final examination, the professor conducting comprehensive exams will send a written notification of the results to the Graduate Secretary for the student's graduate file.

Doctoral candidates, with their major advisor, are required to find their own Dean's Representative for the Graduate School for their defense, preferably someone outside of the department.

Public announcement of exams will be done through the department Graduate Secretary. Exams must be announced at least four weeks prior to the exam date, without exception.

6.9. Degree Program Course Requirements

Listed below are the course requirements for the Ph.D. program options. Courses listed specifically by number are core courses. Note that the option II course requirements have been revised in consultation with the Department of Personal Financial Planning.

Ph.D in Agricultural and Applied Economics - No Minor Required (option1) 1

Course number / course title / credit hours.

• AAEC 5303 / Advanced Production Economics / 3
• AAEC 5307 / Applied Econometrics I / 3
• AAEC 6316 / Advanced International Trade and Policy / 3
• AAEC 5321 / Research Methodology in Economics/ 3
• AAEC 6302 / Food, Ag., and Nat. Resource Policy Analysis / 3
• AAEC 6305 / Economic Optimization / 3
• AAEC 6308 / Advanced Natural Resource Economics / 3
• AAEC 6310 / Demand and Price Analysis / 3
• AAEC 6311 / Applied Econometrics II / 3
• AAEC 6301 / Microeconomic Theory II / 3
• AAEC 6315 / Applied Microeconomics I / 3
• ECO 5311 / Macroeconomic Theory and Policy / 3
• Committee Approved Field Courses / / 24
• AAEC 8000 / Doctor's Dissertation / 12

Total Credit Hours 72

Ph.D. in Agricultural and Applied Economics - Minor in Family Financial Planning (option 2) 1,2

• AAEC 8000 / Doctor's Dissertation / 21
• PFP 5371 / Fundamentals of Personal Financial Planning / 3
• PFP 5372 / Asset Management II / 3
• PFP 5373 / Personal Financial Planning Cpstn. / 3
• PFP 5394 / Retirement Planning / 3
• PFP 5497 / Risk Management and Insurance Planning / 4
• PFP 5398 / Estate Planning / 3
• PFP 5362 / Asset Management I / 3
• PFP 5377 / Client Communication and Counseling / 3
• ACCT 5311 / Individual Study in Accounting / 3

total credit hours 85

1 Numbered courses are core courses. 2 Draft revisions pending review and approval of AAEC faculty.

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Economics Scholarships for International Students

Great News! Economics Scholarships for Bachelors, Masters, and PhD programs are regularly offered by universities abroad. If you are a student of Economics and are looking for a scholarship that can help you complete a higher education degree in Economics, you may apply for any of the scholarships listed here. Remember, these scholarships in Economics disciplines may require you to fulfils the admission criteria of the university. Economics is an excellent discipline to pursue for a bright career as it has incredible scope and the job industry for Economics is demanding more and more professionals. If you are seeking Economics undergraduate or postgraduate degree programs without IELTS requirement, it is recommended to apply to Chinese universities or European universities.

American University Emerging Global Leader Scholarship Fall 2025

• Fully Funded
• American University
• Undergraduate
• All Subjects
• International Students

This is a Undergraduate scholarships for International Students at American University, USA. Students interested in All Subjects are advised to apply for American University Emerging Global Leader Scholarship Fall 2025.

University of Technology Sydney Presidents Scholarships 2025 in Australia

• Partial Funding
• University of Technology Sydney

This is a MRes, PhD scholarships for International Students at University of Technology Sydney, Australia. Students interested in All Subjects are advised to apply for University of Technology Sydney Presidents Scholarships 2025 in Australia.

East China Normal University Shanghai Government Scholarships 2024 in China

• Fully Funded, Partial Funding
• East China Normal University

This is a Undergraduate scholarships for International Students at East China Normal University, China. Students interested in All Subjects are advised to apply for East China Normal University Shanghai Government Scholarships 2024 in China.

Boston University Massachusetts Trustee Scholarships 2024/2025 in USA

• Full tuition fee
• Boston University

This is a Undergraduate scholarships for International Students at Boston University, USA. Students interested in All Subjects are advised to apply for Boston University Massachusetts Trustee Scholarships 2024/2025 in USA.

Yanbian University Jilin Government Scholarships 2024 in China

• Yanbian University

This is a Masters scholarships for International Students at Yanbian University, China. Students interested in All Subjects are advised to apply for Yanbian University Jilin Government Scholarships 2024 in China.

CAS-DAAD Joint Fellowship Programme 2024 in Germany

• Germany Universities
• International Students from China

This is a PhD scholarships for International Students at Germany Universities, Germany. Students interested in All Subjects are advised to apply for CAS-DAAD Joint Fellowship Programme 2024 in Germany.

Unissula - University of Islam Sultan Agung Scholarships 2024 in Indonesia

• University of Islam Sultan Agung
• Undergraduate, Postgraduate

This is a Undergraduate, Postgraduate scholarships for International Students at University of Islam Sultan Agung, Indonesia. Students interested in All Subjects are advised to apply for Unissula - University of Islam Sultan Agung Scholarships 2024 in Indonesia.

Malta Government ENDEAVOUR II Scholarship (Study in Europe)

• Malta Universities
• Postgraduate

This is a Postgraduate scholarships for International Students at Malta Universities, Malta. Students interested in All Subjects are advised to apply for Malta Government ENDEAVOUR II Scholarship (Study in Europe).

ECU Western Australian Premiers University Scholarships 2024

• Partial Funding, Full tuition fee
• Edith Cowan University
• Postgraduate, Research

This is a Postgraduate, Research scholarships for International Students at Edith Cowan University, Australia. Students interested in All Subjects are advised to apply for ECU Western Australian Premiers University Scholarships 2024.

Colombia Government Scholarship 2024/2025 (Fully Funded and Without IELTS)

• ICETEX - Colombian Institute of Educational Credit and Technical Studies Abroad
• Masters, PhD

This is a Masters, PhD scholarships for International Students at ICETEX - Colombian Institute of Educational Credit and Technical Studies Abroad, Colombia. Students interested in All Subjects are advised to apply for Colombia Government Scholarship 2024/2025 (Fully Funded and Without IELTS).

Makerere University Mastercard Foundation Scholarships 2024 (Fully Funded)

• Makerere University
• Bachelor, Masters

This is a Bachelor, Masters scholarships for International Students at Makerere University, Uganda. Students interested in All Subjects are advised to apply for Makerere University Mastercard Foundation Scholarships 2024 (Fully Funded).

Webster Vienna Private University Scholarships Fall 2024 in Austria

• Webster Vienna Private University

This is a Bachelor, Masters scholarships for International Students at Webster Vienna Private University, Austria. Students interested in All Subjects are advised to apply for Webster Vienna Private University Scholarships Fall 2024 in Austria.

SIIT ADB-JSP Scholarships 2025/2026 in Thailand (Fully Funded)

• Sirindhorn International Institute of Technology
• International Students, Domestic Students

This is a Masters scholarships for International Students, Domestic Students at Sirindhorn International Institute of Technology, Thailand. Students interested in All Subjects are advised to apply for SIIT ADB-JSP Scholarships 2025/2026 in Thailand (Fully Funded).

University of Sussex Chancellors Masters Scholarship 2024 in the UK

• University of Sussex

This is a Masters scholarships for International Students at University of Sussex, UK. Students interested in All Subjects are advised to apply for University of Sussex Chancellors Masters Scholarship 2024 in the UK.

COLFUTURO Postgraduate Scholarships 2025/2026 (Fully Funded)

• Offered by Foundation for the Future of Colombia
• International Students from Colombia
• UK, USA, Europe, Germany, Australia, Canada +10 More , Colombia, Spain, Finland, Ireland, Iceland, Italy, New Zealand, Singapore, Switzerland, Sweden

This is a Postgraduate scholarships for International Students at , UK, USA, Europe, Germany, Australia, Canada, Colombia, Spain, Finland, Ireland, Iceland, Italy, New Zealand, Singapore, Switzerland, Sweden. Students interested in All Subjects are advised to apply for COLFUTURO Postgraduate Scholarships 2025/2026 (Fully Funded).

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Ph.D Fellowship 2023/2024 Scholarships

AERC wishes to announce the 2023/2024 Ph.D. scholarships for applicants from Francophone and Anglophone sub-Saharan African countries admitted into any of the following AERC Collaborative PhD Programme (CPP) in Economics degree-awarding universities: 

Qualifications and Requirements :

To qualify, an applicant must:

• Have applied and been admitted to any one of the listed CPP universities;
• Have attained at least a Second Class Honours (Upper Division) or equivalent in Economics, Agricultural Economics, or related field from an accredited university;
• Have a Masters degree (with coursework and thesis component) in Economics, Agricultural Economics, or related fields from a recognized University. The coursework should have covered microeconomics, macroeconomics, quantitative methods and econometrics;
• Possession of at least 1 relevant publication in a refereed journal will be an added advantage;
• Evidence of engagement in economic management, research and/or training in the public sector will be an added advantage; and 
• Female and applicants from post-conflict and fragile states (especially the AERC PhD Bridge Programme alumni class of 2017 and 2018) are encouraged to apply.

Interested applicants must submit their applications for admission directly to the respective universities (application procedure can be obtained from the respective university’s website). Upon receipt of an admission letter from a specific university, applicants shall upload the following documents on to the AERC scholarship portal https://training.aercafrica.org/admissionnew  

• Application cover letter;
• Curriculum Vitae;
• Evidence of admission at any of the universities listed above; and
• Certified copies of transcripts and certificates.

The deadline for applying for the scholarship is August 31, 2023 .

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MIT’s Master of Applied Science in Data, Economics, and Design of Policy program adds a public policy track

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MIT’s Abdul Latif Jameel Poverty Action Lab (J-PAL) and Department of Economics have announced an expansion of their jointly administered Master of Applied Science in Data, Economics, and Design of Policy (DEDP) program . This expansion adds a new public policy track to complement the existing international development track, opening up new avenues for student learning and research. 

Designed to tackle poverty alleviation and other pressing policy challenges in the United States and other high-income countries, the curriculum of the new track spans a diverse set of issues, from domestic concerns like minimum wage and consumer welfare to global matters including trade, climate change, and immigration. Applications for the public policy track will open this fall, with the inaugural cohort set to arrive on MIT’s campus in spring 2026.

The DEDP program, led by MIT professors and Nobel laureates Abhijit Banerjee and Esther Duflo, along with professors Sara Fisher Ellison and Benjamin Olken, was established with the mission of equipping diverse cohorts of talented professionals with the knowledge and skills to tackle poverty using evidence-based approaches. The new master’s degree track will support this mission while also underscoring the program’s commitment to addressing a broad array of critical challenges in the fight against poverty worldwide.

"The DEDP program has proven successful on many dimensions, and we are enthusiastic about leveraging its successes to address a broader set of social challenges,” says Ellison, a faculty lead for the program. “The public policy track will enable us to apply evidence-based methodology to poverty alleviation and other related issues in the context of high-income countries, as well. Given increasing levels of wealth and income inequality in these countries, we feel that the timing is opportune and the need is great."

The DEDP program distinguishes itself with an innovative admissions model that prioritizes demonstrated ability and motivation over traditional credentials, such as standardized tests and recommendation letters. To be eligible to apply to the master’s program, candidates must have earned a DEDP MicroMasters credential by passing five of the DEDP online courses. The courses are completely free to audit. Those who wish to earn a course certificate can pay a fee, which varies by the learner’s ability to pay, to take the proctored exam. While applications are reviewed holistically, performance in these classes is the primary factor in admissions decisions.

This approach democratizes access to higher education, enabling students from typically underrepresented backgrounds to demonstrate their potential for success. Notably, the program has welcomed many students from nontraditional backgrounds, such as a student who enrolled directly from high school (and who is now a second-year PhD student in economics at MIT), reflecting the ambition of its faculty directors to make higher education more accessible.

Sofia Martinez, a graduate of the class of 2023 and now co-founder of Learning Alliance , says, "Without the MicroMasters paving the way, applying to MIT or any similar institution would have been unthinkable for us. Initially, my aim in taking the online courses wasn't to pursue the residential program; it was only after witnessing my own progress that I realized the possibility wasn't so distant after all. This sentiment resonates with many in our cohort, which is truly humbling.”

Since its launch in 2020, the DEDP master’s program has conferred degrees to 87 students from 44 countries, showcasing its global reach and the success of its admissions model. Upon arriving on campus, students embark on an accelerated master's program. They complete a full course load in the spring, followed by a capstone project in the summer, applying the theoretical knowledge and practical skills gained through the program at research and policy organizations.

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