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Top 9 Best Online PhD Economics Programs [2024]

Economists have excellent job prospects in today’s labor market. With a doctorate in economics from a reputed university and strong academic record, you’ll find many well-paid job opportunities in academia or policy. Almost every field needs economists — organizations rely on economists’ statistical, analytical, and problem-solving skills  to find solutions to important issues.

Most students need a master’s of economics  degree to move forward with the PhD. But some schools accept transferable credits from related programs, too!

However, not everyone can afford to earn a doctorate on campus. So, an online PhD economics degree is a great alternative.

Below are some of the best online economics PhD programs and helpful information on jobs, salaries, costs, preparation tips, and more.

Table of Contents

Best Online PhD Programs in Economics

Ready to pursue your doctorate in economics online? Let’s dive into our list of top PhD economics online programs.

Liberty University

PhD in Public Policy – Economic Policy

Liberty University offers opportunities to pursue higher education across diverse disciplines with a foundation of Christian ethics. This 100% online PhD in economics program allows you to learn from established leaders in economic policy-making.

• Courses : Economic policy studies, economics & public policy, policy analysis & research design
• Credits : 60
• Duration : 3 years
• Tuition : $595 per hour
• Financial assistance : Grants, scholarships, and loans.
• Acceptance rate : 50.1%
• Location : Lynchburg, Virginia

Atlantic International University, School of Business and Economics

Doctor of Economics

AIU is a primarily online university that emphasizes freedom of inquiry and free thought exchange between students and faculty. This PhD in economics online degree aims to help students who want to pursue research or teaching in economics or business.

• Courses : Economics of growth & development, microeconomic research, mathematics for economists
• Tuition : Refer tuition page
• Financial assistance : Scholarships
• Acceptance rate : N/A
• Location : Honolulu, Hawaii

Bircham International University

Doctor – Economic Science

Bircham International University is a global educational institution with a decentralized structure offering higher education programs in many languages. The university’s PhD economics distance learning program helps students develop a deep understanding of how people see value in the production, consumption, and distribution of goods and services.

• Courses : Micro- and macroeconomics, capital markets, economic analysis.
• Credits : 45-72
• Duration : 24 months
• Tuition : $7,650 to $12,240
• Location : Miami, Florida

Ottawa University

Doctor of Business Administration

Ottawa University is affiliated with the Ottawa tribe of Oklahoma and the American Baptist Church. It offers a range of online programs to mold students into valuable leaders. This distance PhD economics program is mostly online but requires six two-day residencies. Finally, the program offers courses in strategy, capital management, and finance with a focus on economics.

• Courses : Finance value generation strategy, strategic human capital management, informed decision-making
• Credits : 56
• Cost : $4,887 per semester
• Acceptance rate : 70.3%
• Location : Ottawa, Kansas

California Baptist University

California Baptist University is a non-profit, private university that ranks #34  of the best western regional colleges. Although not an entirely online doctorate in economics, this DBA program offers courses in economics, especially on applying theories of economics to business.

• Courses : Applying economic theory to business, international business in global markets, and quantitative research
• Duration : 36 months
• Tuition :  $795 per unit
• Financial assistance : Grants, loans
• Acceptance rate : 80.2%
• Location : Riverside, California

Hampton University Online

Doctor of Philosophy in Business Administration

Hampton University Online provides opportunities for adults to continue their studies through mostly online means and with a scientific approach. This PhD is a hybrid business administration program that involves two compulsory four-week summer residencies and covers managerial economics as part of the program.

• Courses : Managerial economics, organization theory & practice, organizational behavior
• Credits : 61
• Duration : 3.5 years
• Tuition : $695 per credit
• Financial assistance : Scholarships, grants, work-study, loans, and military benefits.
• Acceptance rate : 36%
• Location : Hampton, Virginia

Marymount University, College of Business, Innovation, Leadership, and Technology (BILT)

Online DBA in Business Intelligence

Marymount University  was ranked #31   by US News & World of all southern regional colleges. This online Doctor of Business Administration is equivalent to an economics PhD online program as you can study economics for business decision-making and courses in strategy with a data-driven approach.

• Courses : Economics for business decision making, using data for business intelligence, and strategy in a changing climate.
• Credits : 36
• Tuition :  $1,140 per credit hour
• Financial assistance : Grants, scholarships, loans, student employment, and assistantships.
• Acceptance rate : 85.3%
• Location : Arlington, Virginia

William Howard Taft University

William Howard Taft University is a leader in distance education and aims to provide affordable and quality education in business, law, education, and other disciplines. This DBA program includes several courses in economics and its application in the business sector.

• Courses : Designing economic business strategies, global economy, and global business practices & challenges.
• Duration : 37 months
• Tuition : $360 per credit
• Financial assistance : Scholarships, grants, military benefits, loans, and employer reimbursement.
• Location : Lakewood, Colorado

Baker College

Baker College was named one of Newsweek’s top American online schools  and offers fully online and hybrid programs in fields such as business, health science, and education. This DBA program has microeconomics and macroeconomics courses and explores how business leaders implement successful global strategies with limited resources.

• Courses : Global financial economy, leading 21st-century organizations, managing in a worldwide context
• Tuition : $915 per credit hour
• Financial assistance : Scholarships, grants, and loans.
• Acceptance rate : 73%
• Location : Owosso, Michigan

What Do I Need to Get a PhD in Economics?

You will likely need an undergraduate or postgraduate degree in economics or a related field to apply for a PhD in economics program. Certain programs may have other prerequisites, so check with the admissions office well in advance of the application deadline.

Once accepted, you’ll have to study various courses in economics, finance, business, management, mathematics, statistics, and strategy to earn your PhD in economics online degree.

Finally, you’ll have to pass examinations and other assessments, including a final qualifying exam. Most programs also have a research component, which means submitting a thesis or dissertation.

Preparing for an Economics Doctorate Program

Our advice? Prepare early for your PhD in economics program.

At the undergraduate level, consider taking more courses in subjects like mathematics, statistics, and calculus. It also helps to work with faculty, conduct undergraduate research, and complete professional internships whenever possible. All this lays the groundwork to prepare you well for a PhD in economics program.

Things to Consider When Choosing an Online PhD Economics Program

The right program for you depends on a range of personal factors. Consider the following when assessing programs to narrow it down:

• Make sure the specializations and subjects offered by the program match your passions and will help you achieve your career goals.
• Review available research options and make sure these also match your goals
• The faculty should have a strong reputation, especially in your field of choice
• Ensure the costs fit your budget or that there are sufficient funding options available
• Look at where past alumni  are now working, and see how this fits with your ideal future

Why Get a Doctorate in Economics?

A doctorate in economics opens doors to some of the best jobs in academia and policy. According to the Bureau of Labor Statistics, an economist’s median salary  is $105,630. Even better, jobs in the field are expected to grow by 13% from 2020-2030, higher than the average of all occupations.

Jobs and Salaries for Doctors of Economics

A PhD in economics online credential can equip you for roles in business, government, research, and education. Here are some top jobs for graduates, with average salaries for each:

• Economist ( $79,352 )
• Statistician ( $78,596 )
• Financial Manager ( $96,045 )
• Urban Planner ( $59,309 )
• Financial Analyst ( $63,195 )

What Is the Average Cost of a PhD in Economics?

According to the National Center for Education Statistics (NCES), the average tuition for a PhD in economics program  is $19,749 per year. You can expect to pay around $12,500 for public university programs and $26,621 for private. Keep in mind these figures only cover tuition – you’ll also need to pay for books, technology fees, and other educational expenses.

How Long Does it Take to Get a PhD in Economics?

Typically, a PhD in economics takes 4-6 years to complete. However, you may be able to complete a doctorate in three or even two years at some universities, especially with an online PhD.

What Skills Do You Gain From a PhD in Economics?

First and foremost, you’ll gain strong mathematical, statistical, and analytical skills as part of your doctorate in economics. You’ll also learn to apply economic concepts and modeling to address issues in business, government, finance spaces. Finally, economics PHD grads gain expertise in writing, presentation, communication, and problem-solving.

Facts and Statistics about Economics PhD Holders

According to Brookings, universities awarded 1,216 PhDs in economics  in 2020 —  66% to men and 34% to women. Foreign students with temporary visas earned around 60% of the doctorates.

Among the permanent residents who got doctorates in economics, 4.9% were black and 71.8% white, with the remaining graduates of Asian, Hispanic, and other descent.

Final Thoughts

Compared to online PhDs  from other disciplines, you won’t find as many online PhD economics programs. However, you can find related programs, like online Doctor of Business Administration ( DBA ) or accounting  with an emphasis on economics-related subjects like microeconomics and macroeconomics. This is a good substitute if your preferred university doesn’t offer a PhD economics online degree.

Considering other business-related PhD programs? Keep a clear path toward a lucrative career with our list of the highest paying PhDs .

Frequently Asked Questions

Can you get a phd in economics online.

Yes – some universities offer online PhD economics programs that you can complete online. Many of these online programs can be completed in as little as three years.

Is an Economics PhD Worth It?

A PhD in economics is one of today’s most sought-after qualifications. Economists are in high demand and have an annual median salary of $105,630 , with prospects even greater for graduates with a PhD.

How Many Years is a PhD in Economics?

A PhD in economics takes 3-6 years to complete.

Lisa Marlin

Lisa is a full-time writer specializing in career advice, further education, and personal development. She works from all over the world, and when not writing you'll find her hiking, practicing yoga, or enjoying a glass of Malbec.

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Top 15 Most Affordable Online Economics PhD Programs (Doctorates) 2025

Are you interested in a doctorate degree, but are concerned about the high cost of college? We rank the most affordable online economics PhD degree programs.

Key Takeaways

• The most affordable online doctoral programs in economics range between $300 and $1,500.
• The average tuition fee per year for an online economics PhD is $19,749.
• Out-of-state students pay more than in-state students unless the school provides a flat tuition fee.

Most Affordable Online Economics PhD Programs in 2025

• University of Minnesota +7
• University of Iowa +7
• University of Arizona +1
• University of Georgia +2
• University of Oregon +5
• University of Cincinnati +5
• University at Buffalo –2
• American University –1
• University of South Florida +3
• University of Wyoming +5

2025 Ranking Update

Our Influence Ranking Engine™ leverages machine learning to track the real-world influence of colleges and universities over time. Below you’ll see which schools gained or lost ground for the 2025 school year.

In our 2025 ranking update to the most affordable online economics PhD programs, many schools shifted. The two most notable shifts occurred with the University of Minnesota and the University of Iowa, now occupying the number one and two spot.

Both schools made substantial changes that allowed them to move up in the ranking. The University of Minnesota has expanded its academic offerings with new programs in technology, climate science, and public health, responding to student interest and market demand. Significant upgrades have been made to student housing and campus facilities, including modernized research labs and collaborative learning spaces. With greater financial aid opportunities and a continued focus on diversity, equity, and inclusion, the University of Minnesota is positioning itself as a more accessible and dynamic institution for students.

The University of Iowa has made several key improvements as well. These include the expansion of academic programs in high-demand fields like renewable energy, data science, and healthcare, alongside increased opportunities for internships and research. Additionally, there is a stronger focus on student well-being, with enhanced mental health services and wellness programs. The university has also boosted financial aid offerings, making education more affordable and accessible to a broader range of students.

Featured Programs

15 most affordable online economics doctorates, last year’s ranking:, american university, atlantic international university, university of arizona, university at buffalo, university of cincinnati, liberty university, university of minnesota, university of wyoming, southern illinois university carbondale, university of new hampshire, university of south florida, university of north carolina at greensboro, university of oregon, university of georgia, university of iowa.

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Tuition + fees

Student body

Median SAT/ACT

Career Outlook for Economics degree at University of Minnesota

University of Minnesota’s faculty and alumni have been influential in:

• Engineering
• Anthropology
• Social Work
• Mathematics

Most Influential Alumni

• Arthur Compton
• Deke Slayton
• Ernest Lawrence
• Norman Borlaug
• Thomas Friedman
• Melvin Calvin
• John L. Holland
• Christiaan Barnard
• Edward B. Lewis
• Roy Wilkins
• Alexander Wendt
• Lars Peter Hansen

The Twin Cities campus is UM’s flagship and the only land-grant institution in the state. UM is also one of the country’s most esteemed public research universities. 

UM’s PhD in Economics is an affordable doctoral program that costs in-state and out-of-state per credit hour costs of $1,539.00 and $2,381.50. While these costs may seem pricey upfront, all doctoral students will be entitled to stipends. Students will write a thesis that adds significantly to the field of economic literature.

• Required Credits: 66
• Completion time: 45 months
• Format: On-campus

What we love about the University of Minnesota

The ground-breaking and life-altering inventions, including the “black box” flight recorder, the first successful open-heart surgery, GORE-TEX®, and the cardiac pacemaker.

The University of Minnesota is great for students who:

Are used to living in huge cities and thrive in a sizable student population.

The University of Minnesota might not be the best fit for students who:

Are easily intimidated.

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Career Outlook for Economics degree at University of Iowa

University of Iowa’s faculty and alumni have been influential in:

• Communications
• Albert Bandura
• Tennessee Williams
• Gayatri Chakravorty Spivak
• Oswald Veblen
• Jayaprakash Narayan
• Leon Festinger
• Henry Jenkins
• Everett Rogers
• Julian Rotter
• John Robert Anderson
• Wallace Stegner

The University of Iowa is a major research institution with 11 colleges. UI is the country’s most cutting-edge and comprehensive university-owned teaching hospital and created the world’s most technologically sophisticated driving simulator.

UI’s PhD in Economics has in-state and out-of-state base tuition and fees of $12,013 and $31,511. Students interested in this degree program should note that this is one of the most selective doctorates. This program places a strong emphasis on high-quality training.

• Required Credits: 72
• Completion time: 5-6 years

What we love about the University of Iowa

The inclusivity. It was the first public university to enroll students of all races and to admit women and men on an equal basis.

The University of Iowa is best for students who:

Want to study in a large campus and live in a small town.

The University of Iowa might not be the best fit for students who:

Are very conservative and close-minded.

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Career Outlook for Economics degree at University of Arizona

University of Arizona’s faculty and alumni have been influential in:

• Earth Sciences
• Criminal Justice
• Geraldo Rivera
• Clifford Stoll
• Temple Grandin
• Garry Shandling
• Brian Schmidt
• Henry Eyring
• Michael McClure
• Barbara Kingsolver
• George H. Smith
• Allen Buchanan
• Frank Press

The University of Arizona is among the largest land-grant institutions in the country. UofA offers affordable learning to help non-traditional students achieve their professional and academic goals without breaking the bank. The university also among the nation’s most diverse institutions.

UofA’s traditional PhD in Economics program has in-state and out-of-state per semester tuition fees of $14,000 and $34,000. This economics PhD program is among the most flexible degree programs, allowing students to tailor their learning based on their career goals. Specialization courses include experimental economics, health economics, and industrial organization.

• Required Credits: 84
• Completion time: 5 years

What we love about The University of Arizona

The wide range of programs and school activities that fosters collaboration and success.

The University of Arizona is great for students who:

Thrive in large class sizes and independent study.

The University of Arizona might not be the best fit for students who:

Want to study in a more centralized learning environment.

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Career Outlook for Economics degree at University of Georgia

University of Georgia’s faculty and alumni have been influential in:

• Political Science
• Michael Tomasello
• Eugene Thacker
• Alfred Blalock
• Bjørn Lomborg
• T. Colin Campbell
• Martin Luther King III
• Andy Roddick
• Alexander H. Stephens
• William S. Cleveland
• Janet Murray
• Robert Ulanowicz

The University of Georgia , one of the country’s biggest learning and research hubs, welcomes international students who visit and enroll on campus each year to receive top-notch education and experience the school’s state-of-the-art facilities.

While UGA does not have flat-rate tuition fees, the out-of-state per credit hour cost is relatively low and affordable. Out-of-state students in the PhD in Economics program pay $1,029 per credit hour, while in-state students pay $363. Students will study the depths of economics and choose up to three fields of specialization.

• Required Credits: 54
• Completion time: 3-5 years

What we love about The University of Georgia

UGA is strong in all aspects, especially in academic and athletics.

The University of Georgia is great for students who:

Feel comfortable in large crowds.

The University of Georgia might not be the best fit for students who:

Do not possess the ability to keep up in a fast-paced learning environment.

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Career Outlook for Economics degree at University of Oregon

University of Oregon’s faculty and alumni have been influential in:

• Computer Science
• Douglas Hofstadter
• Douglas Engelbart
• David Ray Griffin
• John Markoff
• Walter Houser Brattain
• Randy Shilts
• Lee Bollinger
• John Alan Robinson
• Daniel Levitin

The University of Oregon is a leader in innovation and change and has always kept an eye on the future. UO is one of the very few research universities in the country that is a member of the Association of American Universities.

UO’s PhD in Economics has a per credit hour cost of $582. The program maintains a low student-to-faculty ratio designed to foster the development of excellent research and teaching skills. Students study several economic doctoral fields, including but not limited to Industrial Organization, Economic Growth and Development, Labor Economics, and Public Economics.

• Required Credits: 81
• Completion time: 5-7 years

What we love about the University of Oregon

The small and intimate class sizes with dedicated faculty.

The University of Oregon is great for students who:

Are devoted to their studies, highly open-minded, and driven to succeed.

The University of Oregon might not be the best fit for students who:

Are used to city life.

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Career Outlook for Economics degree at University of Cincinnati

University of Cincinnati’s faculty and alumni have been influential in:

• Thomas Szasz
• Michael Graves
• Paul Tibbets
• Salmon P. Chase
• David E. Nichols
• George Clooney
• Oscar Robertson
• George L. Engel

The University of Cincinnati is an award-winning and dynamic campus offering comprehensive and cutting-edge education. UC has hundreds of academic programs, many of which are nationally ranked and provide possibilities for practical learning.

UC’s PhD in Economics has a per credit hour cost of $746. The best thing about this program is that it requires students to work as part-time research assistants during their first two years of study. Additionally, this PhD expects students to do their own research early on in the program.

• Required Credits: 40
• Completion time: 3 years

What we love about the University of Cincinnati

The reputation of being the #1 university for co-ops.

The University of Cincinnati is great for students who:

Are willing to take risks and devote their time to studying.

The University of Cincinnati might not be the best fit for students who:

Don’t like living in a big city,

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Career Outlook for Economics degree at University at Buffalo

University at Buffalo’s faculty and alumni have been influential in:

• Wilfrid Sellars
• Richard Hofstadter
• Terry Gross
• Leslie White
• Warren Bennis
• William Lawvere
• C. L. Max Nikias
• Robert Hass
• Silvia Federici
• Robert J. Sampson

The University at Buffalo is a multi-campus institution, with each campus focusing on research and development. Through its 13 schools and colleges, UB offers over 300 degree programs. On top of a high caliber of education, UB also offers affordable tuition rates.

UB’s north campus offers an affordable traditional PhD in Economics degree program, with a per credit hour cost of $471.00 . At a very low cost, students will have the opportunity to fully develop their skills in using quantitative methods and the three main branches of economics to enrich lives globally.

• Completion time: 4-8 years

What we love about the University at Buffalo

The vibrant campus life, which includes endless opportunities to network and have fun.

The University at Buffalo is great for students who:

Can complete coursework without individualized attention from advisors.

The University at Buffalo might not be the best fit for students who:

Prefer to learn in small class sizes.

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American University’s faculty and alumni have been influential in:

• Bruce Schneier
• Oliver North
• Stephen A. Kent
• Queen Rania of Jordan
• Corey Lewandowski
• Juan E. Méndez
• Robert Kagan
• Kathy Reichs
• James Alan Fox
• Clark Howard

American University is one of the top choices for international students due to its diversity and welcoming atmosphere. AU encourages its students to act toward their passions to become leaders in their fields.

AU offers a PhD in Economics with affordable costs. This doctorate degree helps students develop proficiency in statistical techniques, practical field knowledge, and economic theory. Additionally, it helps students develop the necessary expertise to write dissertations that empirically address economic concerns.

• Required Credits: 45
• Completion time: 2.5

What we love about American University

The diversity and dedicated faculty.

American University is great for students who:

Are interested in politics and international relations.

American University might not be the best fit for students who:

Are not politically-inclined.

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Career Outlook for Economics degree at University of South Florida

University of South Florida’s faculty and alumni have been influential in:

• Joe Barresi
• Shlomo Sawilowsky
• Tony La Russa
• Saraju Mohanty
• Joanna Fowler
• J. Budziszewski
• Eric M. Bost
• Susan Cutter
• David A. Wolfe
• Randy Borum

The University of South Florida is a preeminent research university committed to helping students succeed academically, personally, and professionally. USF is a top producer for Fulbright Scholars and a top patent producer.

USF offers an affordable traditional PhD in Economics , which only costs $467.34 in-state and $913.08 out-of-state per credit hour . This PhD program is best for students who want to gain focus on practical fields of microeconomics. Students must complete required field and classroom coursework and electives to graduate.

What we love about the University of South Florida

The unlimited chances for students to work, considerable financial aid, and the lowest tuition costs.

The University of South Florida is great for students who:

Thrive in diversity and are very driven.

The University of South Florida might not be the best fit for students who:

Are highly conservative and haven’t been exposed to a diverse environment in terms of culture and religion.

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Career Outlook for Economics degree at University of Wyoming

University of Wyoming’s faculty and alumni have been influential in:

• W. Edwards Deming
• John A. List
• Gerry Spence
• Clive Spash
• Vincent Ostrom
• James E. McDonald
• Marlan Scully
• Matthew Shepard
• John Paul Scott
• M. Margaret McKeown

The University of Wyoming offers over 80 undergraduate and 90 graduate programs through seven colleges. UW also has one of the longest research histories, focusing on energy and land management.

UW’s PhD in Economics is among the country’s cheapest doctorate programs. Students are expected to enroll in 9 credits per semester , which is $3,591 for in-state students and $9,162 for out-of-state students. But because this is a fully funded doctorate, doctoral students pay less. Students decide which area of interest they’ll perform their original research.

• Required Credits: 42

What we love about the University of Wyoming

The supporting community.

The University of Wyoming is great for students who:

Want a strong background in agriculture and engineering.

The University of Wyoming might not be the best fit for students who:

Prefer a big campus community and want a more active social and Greek life.

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Career Outlook for Economics degree at University of New Hampshire

University of New Hampshire’s faculty and alumni have been influential in:

• Ronald Noble
• Jason Brennan
• Loren Coleman
• Jeffrey Snover
• Laurel Thatcher Ulrich
• James J. Martin
• Carlton Fisk
• Nathan Brody

The University of New Hampshire is one of the top public colleges in the country that currently concentrates on research. As a premier public research institution in the state, UNH provides students with award-winning instructors and state-of-the-art facilities.

UNH’s PhD in Economics has in-state and out-of-state per credit hour fees of $785.00 and $1,370.00. Students focus on exploring detailed models and in-depth analyses of businesses and governments. Graduates are grounded in economic theories and models and will have the necessary research abilities and skills to teach in postsecondary institutions.

• Required Credits: 60
• Completion time: 5-4 years

What we love about the University of New Hampshire

The safe and empowering campus.

The University of New Hampshire is great for students who:

Are yet to find their purpose in life, thanks to the school’s vast options for majors.

The University of New Hampshire might not be the best fit for students who:

Prefer small classes and are unprepared for academic competition.

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Career Outlook for Economics degree at University of North Carolina at Greensboro

University of North Carolina at Greensboro’s faculty and alumni have been influential in:

• Norman B. Anderson
• Justin Tornow
• Kelly Cherry
• Glenn D. Walters
• John Kenneth Muir
• Claudia Emerson
• Robert Morgan
• Bruce Caldwell
• Mary Ellen Snodgrass
• Cleveland Sellers
• Keith Lee Morris

The University of North Carolina Greensboro is one of the country’s leaders in online education. UNC rigorously educates and trains students to become leaders, creators, and explorers in North Carolina and around the globe.

UNC Greensboro offers one of the most affordable online doctorate degrees. The PhD in Business Administration costs only $336 per credit hour for in-state students and $1,098 for out-of-state students. This online doctor of business administration program allows students to enroll in doctorate-level courses in Econometric Analysis. Students will also focus on online doctorate courses directly related to economics, such as emerging economics and organizational economics.

• Format: Online

What we love about the University of North Carolina Greensboro

UNC Greensboro is really good at helping students know what they want to do and helping them achieve it.

The University of North Carolina Greensboro is great for students who:

Want to have a liberal arts foundation.

The University of North Carolina Greensboro might not be the best fit for students who:

Only attend college to party and are not dedicated to their studies.

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Career Outlook for Economics degree at Southern Illinois University Carbondale

Southern Illinois University Carbondale’s faculty and alumni have been influential in:

• Robert Coover
• Joseph Nechvatal
• Stuart Vyse
• Charles R. Johnson
• Joan Higginbotham
• Jim Bittermann
• Fred Basolo
• Sami Al-Arian
• Bob Odenkirk
• Walt Frazier

Southern Illinois University is one of the top higher education institutions for research. SIU is also one of the world’s most diverse and inclusive universities known for catering to the needs of specially-abled students.

SIU’s PhD in Economics is among the cheapest and most unique doctorates, costing only $460.40 per credit hour. Unlike other economics doctorate degrees, this program has no specific number of semester hours aside from the hours needed to complete the residency and the requisite 24 hours of dissertation. Students create their own dissertation research projects and obtain funding to present their research at conferences.

This is one of the best picks for international students due to its STEM-designated curriculum that enables them to stay in the United States for three more years and find work.

• Required Credits: 30 graduate hours
• Completion time: 4 years

What we love about Southern Illinois University

The accessible buildings, programs, and school activities designed to help students with physical disabilities.

Southern Illinois University is great for students who:

Are committed to their studies and eager to conduct extensive research.

Southern Illinois University might not be the best fit for students who:

Expect a lot of parties on campus.

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Liberty University’s faculty and alumni have been influential in:

• Religious Studies
• Ravi Zacharias
• Susan Wise Bauer
• Michael R. Licona
• Robert H. Smith
• Michael Tait
• Jerry Falwell Jr.

Liberty University is a pioneer in online education and offers hundreds of affordable online degree programs from bachelor to graduate levels with Christian-based education. It’s one of the top online schools in the United States.

Liberty’s PhD in Public Policy - Economics costs $595 per credit hour. On the other hand, military students pay $300 per credit hour. This Economics PhD online program trains students to influence economic policy in law, media, politics, education, and international relations at a very low cost and conduct original research.

What we love about Liberty University

The Christian-based curriculum.

Liberty University is great for students who:

Want to develop a stronger bond with Christ while developing research skills and enricing knowledge for career advancement.

Liberty University might not be the best fit for students who:

Have poor time management skills and are unable to study independently.

Atlantic International University’s faculty and alumni have been influential in:

Atlantic International University is an online learning institution based in the United States. The university provides a variety of majors at the associates, bachelor, master, and doctorate levels.

AIU’s PhD in Economics is one of the rarest and most affordable online doctorate programs. Prospective students of this economics online degree can study and do research in a number of important computer science fields, building a solid foundation in both theory and practice.

• Required Credits: 48

What we love about Atlantic International University

The affordable and accessible degree programs.

Atlantic International University is great for students who:

Want to transfer life experience to reduce required credit hours.

Atlantic International University might not be the best fit for students who:

Want to enroll in a US-accredited university.

Career Outlook for Students with Economics Degree

Degree level: doctorate.

• Location: The U.S. (Private Schools)
• Avg. Cost of Degree*: $14,669
• Avg. Expenses*: $18,512
• Avg. Starting Salary*: $79,162
• Avg. Cost Recoup Time**: 5 years
• Job Growth: 2.32%
• Number of Jobs: 2,376,200
• * denotes ‘annually’
• ** denotes ‘at 15% of annual salary’

Career Salaries

Average Career Salaries

Promising Job Markets

Top Industries

It takes bravery to seek an online doctorate, but it can ultimately be beneficial. It can, however, be expensive to obtain. The U.S. News & World Report claims that the college expenses increase substantially each year.

A PhD student needs strong budgeting skills after factoring in the price of books, living expenditures, transportation costs, the cost of the dissertation, and research time. To cut down on debt after graduation, these expenses in online doctorate programs in economics should be taken seriously.

Making an Online PhD in Economics as Affordable as Possible

There are a number of ways to ensure that online doctorate programs in economics are as affordable as possible.

In-state Tuition

The cost of online doctoral programs in economics vary based on several factors. Most colleges and universities charge more for out-of-state students. However, there are some schools that offer flat-rate tuition, which means that in-state and out-of-state students pay the same per credit cost.

Other Expenses

Earning an online doctorate in economics degree as opposed to a traditional on-campus doctorate degree makes it possible to save money on expenses like housing, transportation, and certain campus fees.

Continue Working

Online doctoral programs often make it possible to continue working in your field, which means you can complete your degree program while still earning a living. This can ultimately reduce your dependence on student loan debt.

Earning a PhD in economics through online doctoral programs is a great option for busy professionals who want to continue their education while juggling work and family life.

Financial Aid, Scholarships, Grants, and Loans

If affordability is a particular concern, and it is making you reluctant to pursue an online PhD in economics, you may be able to take advantage of financial aid, including grants, scholarships, and loans.

For more information, visit the Federal Student Aid website. It is especially important that you choose online doctoral programs that are accredited in order to qualify.

Assistantships

Many schools offering an online PhD doctoral degree in economics also have assistantship opportunities for their graduate students. Assistantships may give teaching opportunities in exchange for tuition waivers and a stipend. Each school is different, so check into the online economics doctorate degree program you are interested in.

Bottom Line: An affordable online PhD in economics doctoral degree is possible when you factor in things like in-state tuition, financial aid, grants, and assistantships.

Scarcity of Online Economics Doctorates

There are cost savings with some online PhD programs in economics. However, some students may choose to attend traditional degree programs due to the scarcity of online doctorate programs in economics.

To help you research doctorate programs in economics that fit your needs, we rounded up the most affordable on-campus and online PhD programs to choose from.

If an affordable, in-demand PhD is exactly what you are looking for, check out our other Affordable Degree Rankings .

On-campus Doctorate Degree Programs vs Online PhD Programs

On-campus and online programs have their own merits. Online doctorate degree programs generally costs less than traditional brick-and-mortar programs. Prospective students online won’t have to pay additional expenses for transportation, housing for students, labs, or study materials.

Additionally, online doctorate degree programs are typically more flexible because they allow online doctorate students to complete the program at their own pace. On-campus students must physically be present for their classes at certain times and locations on the university campus.

The advantages, however, of attending an on-campus doctorate degree program are physical engagement and funding available. On-campus economic PhD programs allow students to engage physically with peers and professors, aiding learning and motivation. On the other hand, online students must use virtual platforms to get in touch with professors at predetermined times.

Furthermore, it may be more difficult for online students to secure fellowships, teaching assistantships, and research assistantships than it is for on-campus doctorate degree students.

So, an on-campus program may be more cost-effective than online doctorate programs.

Cost of an Online PhD in Economics Doctoral Degree

A PhD in economics costs $19,749 on average each year , according to the National Center for Education Statistics. This is the typical graduate tuition charged between 2020 and 2021 at public and private institutions.

The cost of education varies by school, and because private colleges rely more heavily on tuition fees for revenue, their prices are frequently higher than those of public universities.

But the financing that private institutions receive from private benefactors is the main perk of attending one. Private institutions frequently have larger budgets for research and expansion than public universities.

The cost of an online PhD in economics doctoral degree is also significantly influenced by in-state and out-of-state residency. Residents of a state pay in-state tuition to attend state-run institutions. The out-of-state tuition rate is what a student from another state must pay to attend the same school.

Luckily some doctorate degree programs have flat-rate tuition, which means that an out-of-state-student will pay the same tuition as an in-state student.

Many online doctorate programs allow out-of-state students to pay in-state tuition. Traditional brick-and-mortar schools are less likely to offer flat-rate tuition.

Economics doctoral programs can cost anywhere from $300 and $2,500 per credit. But there are many affordable online doctorate programs that cost between $300 and $1,500 per credit.

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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Best Online Doctorates in Economics: Top PhD Programs, Career Paths, and Salary

The best online PhD in Economics offers a broad, comprehensive knowledge of how economics affects the global landscape. An online program at the doctoral level in economics provides graduates with the advanced analytical and critical thinking skills they need to build successful careers in banking, government, politics, healthcare, insurance, and non-profit sectors.

If you are looking to get an online PhD in Economics, then this article is for you. This guide contains a list of the best schools you can earn your economics PhD online, their admission requirements and tuition, as well as the economics jobs you’ll qualify for after graduating from business school.

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Can you get a phd in economics online.

Yes, you can get a PhD in Economics online. Online degree programs offer students the opportunity to earn an economics doctoral degree without the inconvenience of taking physical classes on the university campus. Online graduate programs are a great choice for students who are restricted by geographical location or who prefer to take online classes.

Is an Online PhD Respected?

Yes, an online PhD is respected. They have the same coursework, curriculum, and degree requirements as in-person degrees. A survey by the Society for Human Resources Management on hiring practices and attitudes reported that 55 percent of organizations would not give preference to a candidate with an in-person degree over one with an online degree if both had the same job experience.

That being said, students need to ensure that they get their online degrees from an accredited online school . Accreditation demonstrates that a school meets the minimum acceptable academic standards set by an external accreditation body to be able to offer academic degrees. Checking a school’s accreditation status before beginning the application process is recommended.

What Is the Best Online PhD Program in Economics?

The best online PhD program in economics is the PhD in Public Policy – Economic Policy offered by Liberty University. Out of all the online doctoral degree programs on our list, Liberty University’s PhD in Public Policy – Economic Policy’s high-quality curriculum and faculty stand out among the others.

Why Liberty University Has the Best Online PhD Program in Economics

Liberty University has the best online economics PhD program because of its well-rounded curriculum, giving students a comprehensive understanding of national and global public and economic policies. Students take classes taught by industry leaders and experienced policymakers and take high-level courses in public and economic theory and policy, policy analysis, and research design.

Best Online Master’s Degrees

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Online PhD in Economics Admission Requirements

The typical admission requirements for an online PhD in Economics are a Master’s Degree in Economics or in a related field from an accredited institution with a minimum cumulative GPA of 3.0 on a 4.0 scale. Other common requirements include recommendation letters, an interview, your resume, a statement of purpose or personal statement, and professional work experience.

While the specific requirements will differ from one school to the next, prospective students are always required to submit their unofficial or official transcripts of all of their undergraduate and graduate coursework. Although some schools have waived this due to the pandemic, many require students to submit GMAT or GRE test scores as part of the application process.

• A Master’s Degree in Economics or in a related field from an accredited institution
• A minimum cumulative GPA of 3.0 on a 4.0 scale
• Three letters of recommendation
• A copy of your resume
• A statement of purpose or personal statement
• Professional work experience
• Your GMAT or GRE test scores
• An online interview

Best Online PhDs in Economics: Top Degree Program Details

Best Online PhDs in Economics: Top University Programs to Get a PhD in Economics Online

The top university programs to get a PhD in Economics online are able to let students benefit from experiencing diverse cultures and learning from a high-quality curriculum with many research opportunities without having to relocate. It is a great option for students who want to balance school with work, family, or other personal commitments. Here are the best online PhDs in Economics.

California Baptist University was founded in 1950 and is located in the city of Riverside in Southern California. This private, Christian university offers a wide variety of bachelor’s, master’s, doctoral and associate degrees , as well as certificate programs in an in-person and online format.

Doctor of Business Administration

The online Doctor of Business Administration at California Baptist University is a 56-credit-hour doctorate program that equips students with the specialized skills and insights needed to achieve their career goals. Students will gain the tools and theoretical foundation to carry out research and develop actionable plans with the goal of solving complex business problems.

Doctor of Business Administration Overview

• Accreditation: Western Association of Schools and Colleges Senior College and University Commission
• Program Length: 3 years
• Acceptance Rate: N/A
• Tuition and Fees: $795/credit 

Doctor of Business Administration Admission Requirements

• A Master’s Degree in Business Administration from an accredited institution
• A copy of your resume with your work experience and education, and your leadership, professional and scholarly activities
• Meeting the professional guidelines set by the Accreditation Council for Business Schools and Programs (ACBSP)
• Your official transcripts

Hampton University , founded in 1861, is a dynamic institution of higher learning offering a wide range of technical, liberal, and arts degree programs at all education levels. Its 97 degree programs can be found in different fields of study, including business, engineering and technology, nursing, pharmacy, science, and liberal arts.

Doctor of Philosophy in Business Administration

This is a 60-credit-hour program for students aspiring to become consultants, researchers, and academicians in leadership roles in the industry. It is a hybrid program with two compulsory four-week summer residencies. Students take core courses in managerial economics, quantitative business analysis, and accounting.

Doctor of Philosophy in Business Administration Overview

• Accreditation: Southern Association of Colleges and Schools Commission on Colleges
• Tuition and Fees: $695/credit 

Doctor of Philosophy in Business Administration Admission Requirements

• A master’s degree from an accredited institution. Prerequisite courses may have to be taken depending on the master’s degree held
• A copy of your resume with at least three years of work experience relevant to the field of study
• A GMAT score of at least 400
• A written Statement of Career Plans or Professional Plans
• Your official transcripts 

Liberty University was founded in 1971 in Lynchburg, Virginia and is a private, Christian college offering world-class education. It has a total enrollment of over 100,000 students across its over 700 programs at all educational levels, including doctoral programs. The majority of its students are enrolled in online courses, making it one of the largest distance learning institutions in the country.

PhD in Public Policy - Economic Policy

This is a 60-credit hour program for students wanting to learn how to better serve the public interest and create actionable solutions to today’s global economic challenges. It provides the specialized knowledge that students need to land leadership job roles in government, consulting, and international organizations.

PhD in Public Policy - Economic Policy Overview

• Accreditation: Southern Association of Colleges and Schools Commission on Colleges 
• Tuition and Fees: $595/credit 

PhD in Public Policy - Economic Policy Admission Requirements

• Complete and submit an online application form
• A master’s degree with a minimum GPA of 3.0 on a 4.0 scale
• Pay a non-refundable $50 application fee
• Submit your official undergraduate and graduate transcripts

Marymount University is a private catholic university founded in 1950. Ranked 38th among the best southern regional universities by US News & World Report, it has over 4,000 students enrolled in its wide range of bachelor’s, master’s, and doctoral degree programs. Marymount combines theory with experiential learning to provide its students with valuable education, leading them to gratifying careers.

Online Doctor of Business Administration in Business Intelligence

Offered by Marymount’s College of Business, Innovation, Leadership, and Technology, this 36-credit program introduces students to real-world business intelligence tools currently used by professionals in leadership positions. Students develop analytical, higher-order thinking, and research skills and work on a doctoral research project that attempts to solve real-world issues.

Online Doctor of Business Administration in Business Intelligence Overview

• Accreditation: Southern Associations of Colleges and Schools Commission on Colleges 
• Tuition and Fees: $1,140/credit 

Online Doctor of Business Administration in Business Intelligence Admission Requirements

• A completed online application
• A master’s degree in a business or IT related field
• Five to 10 years of work experience
• A minimum GPA of 3.5
• A statement of research background and interest
• A writing sample

Founded in 1947 and headquartered in College Park, Maryland, the University of Maryland - Global Campus (UMGC) is the online division of the University System of Maryland. UMGC first began offering online courses in the mid-1990s and is now home to a wide range of bachelor’s, master’s, and doctoral programs obtainable fully online.

PhD in Business Administration

This 48-credit program provides its students with a solid foundation in economic theory and statistical methods. Offering advanced courses in data analytics, management solutions, and research methods, this terminal degree requires the completion of a 12-credit dissertation project.

PhD in Business Administration Overview

• Accreditation: Middle States Commission on Higher Education
• Acceptance Rate: NA
• Tuition and Fees: $1,087/credit 

PhD in Business Administration Admission Requirements

• Completed the Foundation of Doctoral Studies course with a minimum B grade
• Completion of UMGC’s online admission application
• A master’s degree
• Two professional references
• A personal statement
• A writing sample (optional)
• An interview, if requested by the UMGC admission committee

Online Economics PhD Graduation Rates: How Hard Is It to Complete an Online PhD Program in Economics?

It is very hard to complete an online PhD in Economics. This can be attributed to the stress students experience, as well as lack of motivation. Those that want to pursue a PhD must be certain that they are academically and financially prepared.

How Long Does It Take to Get a PhD in Economics Online?

It takes about three years to get a PhD in Economics online. Although, it can take as long as seven or eight years, depending on the school’s curriculum, learning pace, and specialization. Over these three years, students need to complete a certain number of courses, pass written or oral exams, and research and write a dissertation on their chosen research topic.

How Hard Is an Online Doctorate in Economics?

An online Doctorate in Economics is very hard. It is a broad, multidisciplinary degree that involves the study of complex business, sociology, mathematics, and accounting topics. Students in an online Doctoral Degree in Economics take advanced courses that require strong skills in critical thinking and complex mathematical models to succeed.

The overall level of difficulty of an online PhD in Economics depends on a student’s academic foundation and their chosen program’s curriculum. Programs offered at universities with a higher reputation or higher school ranking are usually more difficult. That being said, these programs will usually better prepare you for the real world and impress potential employers.

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Best PhD Programs

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What Courses Are in an Online Economics PhD Program?

An online economics PhD program includes courses such as Economic History, Economics and Public Policy, Policy Analysis and Research Design, Introduction to Economic Policy Studies, and Managerial Economics. These courses will prepare you for a long and lucrative career in the industry and equip you with the skills you need.

Main Areas of Study in an Economics PhD Program

• Economic history
• Economics and public policy
• Policy analysis and research design
• Introduction to economic policy studies
• Managerial economics

How Much Does Getting an Online Economics PhD Cost?

It costs around $19,314 per year to get an online PhD in Economics, according to the National  Center for Education Statistics. However, this is a ballpark estimate. The actual amount you will spend to get an online economics PhD largely depends on whether the school is public or private. On top of tuition costs, you also need to consider fees, study material costs, and other miscellaneous expenses.

How to Pay for an Online PhD Program in Economics

You can pay for an online PhD program in economics through an upfront payment, grants and scholarships, employer tuition reimbursement, government loans, and private loans. Students in the Peace Corps, AmeriCorps, and the US Military can also benefit from tuition reduction. For example, Liberty University offers their doctoral degree for $300 per credit for members of the military, which is an almost 50 percent discount.

How to Get an Online PhD for Free

You can’t get an online PhD for free. All legitimate PhD programs charge tuition, and there are no fully funded online PhDs in Economics. That being said, students needing financial aid can inquire about available scholarships and grants offered by their school. Online PhD students can register for the Free Application for Federal Scholarship Aid.

What Is the Most Affordable Online PhD in Economics Degree Program?

The most affordable online PhD in Economics is the PhD in Public Policy – Economic Policy offered by Liberty University. At $595 per credit, this 60-credit program costs a total of $35,700 in tuition. Compared to the most expensive program on our list, which costs approximately $52,000, you could save up to $16,300.

Most Affordable Online PhD Programs in Economics: In Brief

Why You Should Get an Online PhD in Economics

You should get an online PhD in Economics because it’ll provide you with specialized knowledge of economics and equip you with the in-demand skills you’ll need to work in leadership positions across the fields of politics, history, business administration, and finance. A PhD is the highest level of education you can get and will give you a leg up over other candidates during the hiring process.

Top Reasons for Getting a PhD in Economics

• Increased job opportunities. A PhD in Economics will make you more attractive to employers looking to fill high-level leadership positions in the industry. PhD graduates have more career options than lower-level degree holders.
• Enhanced earning potential. A PhD in Economics can improve your earning potential. The US Bureau of Labor Statistics reports that PhD holders have a median weekly salary of $1,885. This is higher than the salary for master’s and bachelor’s degree graduates.
• Higher employment rate. The skills and knowledge that economics doctoral degree holders have can qualify them for a wider range of positions. In fact, the US Bureau of Labor Statistics also reports that PhD holders have a higher employment rate than all other degree holders.
• Specialized skills. Getting a PhD will provide you with advanced technical skills in your field of study as well as transferable soft skills. Both of these hard and soft skills are things you need to succeed in the highest possible career after graduation.

Best Master’s Degree Programs

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What Is the Difference Between an On-Campus Economics PhD and an Online PhD in Economics?

The difference between an on-campus economics PhD and an online PhD in Economics is each program’s cost, flexibility, interactivity with faculty and fellow students, and availability of funding. While their course content and curricula may be alike, there are a few differences between an online economics PhD and an on-campus PhD in Economics.

Online PhD vs On-Campus PhD: Key Differences

• Cost. Online doctoral programs usually cost less than on-campus degrees. Not only is the tuition itself usually lower for an online program, but you’ll also avoid needing to pay additional fees related to transportation, student accommodation, and labs or study materials.
• Flexibility. Students in on-campus programs have to be physically present at specific times and locations on the school campus to take classes, while online PhD students can take their classes from the comfort of their homes. Many online courses are also asynchronous and can be taken when convenient.
• Interactivity. Students in an on-campus PhD program enjoy physical interaction with faculty and peers, which can help with learning and motivation. On the other hand, online students have to employ virtual platforms to contact faculty at scheduled times.
• Availability of funding. There are more funding opportunities for on-campus students than students in online programs. On-campus students usually have access to fellowships, teaching assistantships, and research assistantships.

How to Get a PhD in Economics Online: A Step-by-Step Guide

To get a PhD in Economics online, you need to gain admission into an accredited university, complete your course credit requirements, pass all examinations, get your dissertation project topic approved, research your dissertation topic, and defend what you wrote during the final stage of the dissertation process. Doctorate programs take a lot of work to complete, but knowing what to expect will help you prepare.

The first step you need to take to get a PhD in Economics online is to look for schools that offer the program and that offer the specific specialization that you want to study. Afterward, you should review each program’s admissions requirement for prospective students. Once you’ve gathered your application materials, you’re ready to apply to your desired doctorate degree programs.

All doctoral students need to complete a certain number of online courses. Some schools also have residency requirements. While these are less common for online programs, residencies do require in-person attendance. Make sure to review the delivery format of each of the doctoral programs you’re interested in before enrolling.

During your PhD program, you will have to pass certain examinations. These examinations are used by the faculty at graduate schools to track and gauge your progress and understanding of the course material. You won’t be able to graduate without passing your examinations.

As you complete your classes, you will also need to pick a dissertation topic and get it approved by the faculty. Your dissertation is a long-term research project that you must complete along the course of your PhD program. Make sure to pick a topic you’re interested in as it’ll make the research process much more enjoyable.

After getting your topic approved, you will be able to start your research, which you will work on either at the same time as or after your course requirements. You will be asked to demonstrate your progress to your dissertation supervisor many times during your studies. It’s typical for 12 of your required credits to be dedicated to your dissertation.

As you research your dissertation project, you will need to write a paper on your findings under the guidance, support, and supervision of your program’s faculty. Once you’ve completed your research and finished writing your paper, you will need to explain and defend your findings to your program’s faculty. Once you pass, you will be able to get your PhD.

Online PhD in Economics Salary and Job Outlook

Online economics PhD graduates can earn between $77,427 and $153,460 per year, depending on their job title, location, employer, and experience. An online PhD in Economics will provide you with the skillset needed to land high-paying roles in different sectors, including academia, business, finance, government, and politics.

What Can You Do With an Online Doctorate in Economics?

With an online Doctorate in Economics, you can become an economic consultant, postsecondary professor of economics, economist, financial manager, and financial analyst. Some of these roles are high-paying senior-level positions requiring applicants to hold a PhD.

Best Jobs with a PhD in Economics

• Economic Consultant
• Postsecondary Professor of Economics
• Financial Analyst
• Financial Manager

Potential Careers With an Economics Degree

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What Is the Average Salary for an Online PhD Holder in Economics?

The average salary for a PhD holder in Economics is $110,000 per year , according to PayScale. PhD graduates can qualify for a wide range of high-paying positions across many industries. Keep in mind that your actual annual salary can vary depending on factors such as location, years of experience, industry, and position.

Highest-Paying Economics Jobs for PhD Grads

Best Economics Jobs for Online PhD Holders

Knowing the best economics jobs for online PhD holders will help you decide whether or not it’s worth it for you to embark on the long journey of earning your PhD. In this section, we’ve  put together a list of the best economics jobs for online PhD holders, a description of what they do, their job outlook, the number of jobs, and the highest-paying states.

Financial managers coordinate banking, accounting, insurance, security, and other financial operations in an organization. Financial management includes ensuring good financial health, monitoring cash flow, managing an organization’s expenses, analyzing profitability, and providing accurate financial information.

• Salary with an Economics PhD: $131,710
• Job Outlook: 17% job growth from 2020 to 2030
• Number of Jobs: 681,070
• Highest-Paying States: New York, Delaware, New Jersey, Colorado, District of Columbia

Economists collect and analyze data to study the relationship between economic resources and the production and distribution of goods and services. They conduct surveys and review economic problems to find actionable solutions. They also advise businesses and organizations on economic issues.

• Salary with an Economics PhD: $105,630
• Job Outlook: 13% job growth from 2020 to 2030
• Number of Jobs: 18,600
• Highest-Paying States: New York, District of Columbia, California, New Hampshire, Illinois

Professors of economics teach in economics departments at a university. They prepare and deliver lectures, examinations, and curricula for undergraduate and graduate economics students. They also conduct research and publish their findings to contribute to the field of economics.

• Salary with an Economics PhD: $96,198
• Job Outlook: 12% growth from 2020 to 2030
• Number of Jobs: 1,276,900
• Highest-Paying States: New Hampshire, Montana, California, Indiana, District of Columbia

Financial analysts study current and past financial data and economic trends to gain a better understanding of a company’s financial health. They advise the organization on the best investments to make to help them maximize profits according to the data they’ve studied.

• Salary with an Economics PhD: $81,410
• Job Outlook: 6% job growth from 2020 to 2030
• Number of Jobs: 492,100
• Highest-Paying States: New York, Alaska, Connecticut, District of Columbia, Wyoming

Economic consultants develop plans to improve the policies and operations of the company they work for to increase their economic gains. They conduct surveys and create forecasts to discover economic trends to improve the company’s practices. They also work in the production, budgeting, and accounting department to optimize quality control practices.

• Salary with an Economics PhD: $77,427

Is It Worth It to Do a PhD in Economics Online?

Yes, it is worth it to do a PhD in Economics online because it allows you to get advanced education and expertise in economics from the comfort of your home while preparing you to land high-profile positions where you can make an impact on the world. Economics PhD graduates gain advanced knowledge in the theoretical foundations, methodology, and philosophy of economics.

Additional Reading About Economics

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Online PhD in Economics FAQ

Yes, you can do a PhD in Economics entirely at a distance. An increasing number of schools are beginning to offer completely online economics PhD programs for distance learners. Online degrees are respected by hiring managers as well and are considered as good as in-person degrees.

No, you can not get a PhD in Economics in one year. It usually takes a minimum of three years to complete the graduate degree requirements. This includes the credit requirements and dissertation paper.

Yes, it is possible to do a PhD in Economics without a master’s. Although the typical requirements for a PhD program include having an in-person or online Master’s Degree in Economics or relevant field from an accredited institution, some schools allow students to apply to their PhD program without one.

No, 50 is not too late to get a PhD. There is no age limit in the pursuit of higher education, and you can go back to college at 50 or at any time you want. Anyone can enroll in a PhD program regardless of age. All it takes is the willingness to learn and the determination to succeed. In fact, your work experience can help you get into a PhD program.

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Online PhD Economics

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Written By - David Guetta

The online PhD economics program prepares aspiring individuals for careers in academia, research, and government by combining a rigorous technical education with an emphasis on research that is relevant to policy. An Online PhD Economics graduate will be proficient in economic theory, statistical techniques, and applied field knowledge. They would be able to pose and empirically address economic questions, paving the way to various careers in many sectors. According to the U.S. Bureau of Labor Statistics (BLS), jobs for economists are rapidly expanding and are expected to grow by 13% between 2020 and 2030 . This guide gives prospective doctoral students an in-depth understanding of online PhD economics programs, including what the program entails, research areas, career options, and more.

Featured Online Programs

National University

Program:  find best degree.

National University, headquartered in San Diego, California, was founded in 1971 to provide educational opportunities for adult learners and working professionals. It offers over 190 degree programs, including  bachelor’s, master’s, and doctoral  degrees, with flexible  online and on-campus  courses. Serving around 40,000 students and over 240,000 alumni, the university is recognized for its support of U.S. military members.  Accredited by the WASC Senior College and University Commission (WSCUC) , National University is committed to accessible and transformative higher education.

Best Online PhD Economics Programs

Most prospective PhD students struggle to find the top universities for PhD in economics, behavioral economics PhD rankings, and so on. This is because several factors must be considered when ranking a school, such as the faculty’s quality and experience, availability of suitable PhD guides or mentors, access to excellent research facilities, accreditation, and more. FBD teams searched the country for the top economics PhD programs based on these and other criteria. As a result, here is a list of the best universities for PhD in economics: *

Liberty University

Ottawa University

Marymount University

Hampton University

Pardee RAND Graduate School

California Baptist University

University of Southern Mississippi

Universities and programs are ranked by various factors, such as affordability, curriculum and coursework, reputation and availability, program length, statistics, the potential of employment, and return on investment for the students. For a more in-depth analysis, please read about our rankings methodology page . 

What to Expect from Online PhD Economics Programs

Doctor of economics programs are designed for students with exceptional promise who want to prepare for careers in teaching and research in academia, as well as positions of responsibility in research organizations, government, or business enterprises. Students in these programs are prepared for productive and stimulating careers as economists. The program’s courses and seminars foster an intellectually active, cognitively strong, and stimulating environment.

The doctoral program is divided into 2 to 3 years of coursework, followed by the dissertation years. During the first year, all students take a set of core courses and field courses in their chosen specializations. The second and/or third year field coursework must typically be completed in either econometrics, macroeconomics, international trade, industrial organization, or public economics. Of course, this would vary by college and program. Students then enter the program’s dissertation phase after completing the required coursework and field exams. Every student must write and defend an original dissertation, a single multi-chapter dissertation or a collection of separate but related papers. Read the Guide to PhD Programs to understand more.

Here is the basic structure of online PhD economics programs:

(a) Coursework

The course selection for doctoral students is broad. Most of the time, students can choose their course plans from one branch of economics to fit their needs and professional objectives.

(b) Teaching

Although not always a requirement, at some colleges, teaching experience is strongly recommended for students who are not Graduate Teaching Assistants (GTAs) but want to become professors.

(c) Residency

In some cases, unless they have an assistantship, students are required to complete a certain number of prescribed credit hours of graduate-level coursework. The student is required to study full-time during this period. Residency is sometimes needed before taking the comprehensive exams.

(d) Comprehensive Exams

Students are eligible to take comprehensive examinations when they have completed all coursework. Most students choose to write a manuscript on a topic of their choice and defend it orally before a committee of departmental, school, and/or university faculty members.

(e) Dissertation

The PhD candidate will collaborate with their advisor to choose a topic that will advance the field after passing the comprehensive exam.

(f) Field Experience

Doctoral students are encouraged to participate in independent study research courses to combine and relate classroom theory with field activities. They can engage with scientific communities through research and collate data from various sources for this purpose.

The coursework one can expect in an online PhD economics degree would largely be the same for most programs but would be at advanced levels and would include:

• Microeconomics
• Macroeconomics
• Econometrics

Likewise, some of the research areas students can expect from the PhD economics program include:

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

Areas of Specializations in Online PhD Economics Programs

Specialization in one of the various branches of economics can lead to better job opportunities and higher pay. They focus the study of economics on a single topic, allowing students to conduct research in that field and become experts. Here are a few examples of concentrations available to students pursuing a PhD in economics:

Some of the other specializations and PhD programs students can consider include but are not limited to:

• PhD Macroeconomics
• PhD in Computational Economics
• PhD in Economic Development
• PhD Political Economy Online
• Online PhD in Economics and Finance
• Labor-Public Economics
• Applied Econometrics

Why should I get an Online PhD Economics Degree?

One of the best ways to conduct and promote global priority research is through economics in particular. A PhD in economics is one of the most sought-after graduate degrees, with a good chance of getting a job in academia or research. Unlike many PhD programs, the skills one acquired from the doctorate in economics are in high demand in the corporate sector as well. Those who want to work in economics research, have strong math skills, and have a keen interest in economics should strongly consider pursuing a PhD in economics.

Upon completing the online PhD economics, individuals would be able to contribute to global priorities research and help come up with practical solutions to the many economic issues present globally. The program provides students with a diverse set of tools for comprehending the social world and assessing causes and interventions that can impact millions of lives.

Doctoral students would have acquired several skills by completing the PhD economics online that would prove invaluable throughout their careers. For example, they would have acquired the ability to:

• show a strong background in their area of specialization and have a thorough understanding of the significant past and present contributions in the area;
• create a compelling academic argument for their position by presenting and analyzing the evidence with care;
• determine intriguing issues, come up with innovative answers, and communicate the findings to the scientific community;
• prepare submissions that adhere to the requirements of a particular economic journal, and take revision suggestions seriously;
• produce scholarship that is comparable to articles that are published in prestigious peer-reviewed journals in terms of scope and format;
• utilize the variety of resources available for economics research, including empirical analysis (econometric and experimental) and theoretical modeling;
• solve complex issues by utilizing technical tools, as well as by locating and properly using data sources; and
• be independent scholars capable of conducting superior research in both academic and non-academic contexts.

Free Courses for Online PhD Economics Students

Free courses are always useful for PhD of economics students to aid with their research on specific topics. Although these courses are not accredited and often do not lead to any certification, they provide additional knowledge and different perspectives on the subject. Here are some platforms that offer online PhD economics courses for free:

How to get into the Online PhD Economics Programs?

To be admitted to an online PhD in economics programs, applicants must have a master’s degree from a regionally accredited institution or a foreign university that meets both the bachelor’s and master’s degree requirements. Furthermore, a Grade Point Average (GPA) of at least 3.0 on a 4.0 scale is usually required. Prospective students at some colleges may also be necessary to identify a suitable professor who will serve as their advisor or mentor throughout their research. Aside from these, the following are some of the most common PhD in economics requirements:

Online Application & Application Fee

Completing an online application and paying the prescribed application fee.

Official Academic Transcripts

An official copy of academic transcripts from each college/university attended.

Undergraduate/Graduate Degree + Grade Point Average

An undergraduate and/or graduate degree from an accredited university and Grade Point Average (GPA) of 3.0 or more.

Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) Scores

An official copy of GRE scores no older than 5 years.

Graduate Résumé or Curriculum Vitae

The latest résumé or CV that provides personal information and work experience.

Personal Statement or Statement of purpose

A statement outlining how the program relates to the applicant’s career goals.

Letters of Recommendation

At least 3 letters of recommendation from those who can provide a thorough evaluation of the applicant’s abilities at the graduate level.

Proof of English proficiency

A document proving proficiency in English (for non-native English speakers).

Online PhD Economics No GRE Programs

The Graduate Record Examination (GRE) is a common component of the admissions process. However, it may be possible to eliminate the need for these test results. Typically, the school will determine whether a GRE score is required or not. Some universities do not require students to take the GRE if they have a high GPA, relevant experience, and a solid academic background. However, this admissions requirement is ultimately waived at the school’s discretion. Fortunately, the quality and content of these graduate programs that do not require a GRE score are frequently the same as the ones that do. The Massachusetts Institute of Technology and The University of Arizona are examples of institutions that have waived the GRE requirement for entry into Ph.D in economics programs in 2024-2023.

How Long does it take to complete the Online PhD Economics Program

The PhD economics program is intended to be finished in 4 to 5 years, with the first 3 years being devoted to coursework and the last 1 to 2 years being dedicated to research and dissertation completion. It is also possible for students to pursue the economics PhD part time but opting for these programs would mean longer durations. For example, a part time PhD business economics could well take over 6 to 8 years to complete. Whatever the timeline, students’ work in economics PhD programs is typically very detailed and narrowly focused on their chosen specialization, which in turn determines the time it would take for one to graduate. Here is a quick overview of the online PhD in economics Duration:

• Minimum time required for a full-time PhD in economics: about 4 to 5 years.
• Maximum time required for a PhD in economics: up to 8 years.
• PhD in economics credits: 65 to 75 credits.

Accelerated Online PhD Economics Programs

An accelerated curriculum allows students to move through their programs more quickly, increasing their chances of graduating sooner. Fast-track and accelerated doctoral degrees enable students to earn their PhD of economics in as little as three years, though some students may need an extra year to complete their doctoral dissertation in addition to the coursework years. Some universities allow students to begin their PhD programs while still pursuing their master’s degrees. In such cases, the master’s thesis becomes critical and can be “upgraded” or expanded to serve as a PhD dissertation. A few universities offer masters + PhD programs that allow students to shorten their time to earn their doctoral degree, an example being Binghamton University .

Accreditations for Online PhD Economics Programs

Accreditation demonstrates a program’s quality as well as the school’s dedication to a student-centric approach to teaching and learning. Having accreditation means that a school recognizes and meets the needs of students and potential employers by improving academic quality continuously. Colleges can be accredited nationally or regionally by independent organizations recognized by the United States Department of Education ( USDE ) and/or the Council for Higher Education Accreditation ( CHEA ). Regional accreditation is the most common type of accreditation sought by colleges offering accredited online economics degrees in the United States, and it is granted by six independent bodies:

• New England Association of Schools and Colleges ( NEASC )
• Middle States Commission on Higher Education ( MSCHE )
• Higher Learning Commission ( HLC )
• Southern Association of Colleges and Schools Commission on Colleges ( SACSCOC )
• Northwest Commission on Colleges and Universities ( NWCCU )
• Western Association of Schools anad Colleges (WASC) Senior College and University Commission ( WSCUC )

The best online PhD programs in economics may also be programmatically accredited by non-regional accrediting agencies. Two main accrediting bodies for economics schools and programs are the Association to Advance Collegiate Schools of Business ( AACSB ) and the Accreditation Council for Business Schools and Programs ( ACBSP ). Read the Guide to College Accreditation to learn more about accreditation.

How to Pay for an Online PhD Economics Programs?

An online PhD economics degree is typically very expensive to pursue. The average cost of a PhD doctorate degree in the United States is $98,800, according to Education Data . Even if prospective online students are not required to pay additional transportation, meals, or campus-related expenses, they must still pay the high tuition fee and associated research costs, which can be financially burdensome for many. The following are some of the outside funding options available to students for their online economics PhD degree:

Scholarships

Scholarships are popular among students because they are free and non-repayable. They are given to students who are deserving and meritorious, with academic performance serving as the primary selection criterion.

Grants, like scholarships, do not have to be repaid. Unlike scholarships, which are frequently awarded based on academic performance, grants are usually awarded based on the applicant’s financial need.

Fellowships

Predoctoral Fellowships, also known as PhD Fellowships, are grants awarded to doctoral candidates. PhD fellowship recipients must typically complete a future assignment or spend the funds on a specific purpose in exchange for the money. There are numerous awards and fellowships available to retain or attract the best students.

Work-Study Programs

Work-study programs, which provide part-time employment, assist students in covering school tuition and fees. Many of these jobs are related to the student’s academic program or are volunteer opportunities. Students can also gain practical experience through work-study programs.

Graduate Assistantships

Graduate assistantships are available for students who want to assist faculty in the classroom as graduate teaching assistants or conduct research as graduate research assistants. In exchange for their efforts, assistants are paid a fee or receive tuition discounts or waivers.

Student Loans

A student loan is another option for funding PhD programs for students. Several banks, financial institutions, and the federal government offer educational loans. Borrowing money will increase the overall cost of education because loans come with interest. Understand how one can apply for loan forgiveness to avoid repaying student loans by reading about Donors for Student Loans and Grants for Student Loans .

The Free Application For Student Aid or FAFSA is an application for federal financial aid that all prospective and current college students must complete to check if they are eligible for aid and receive the best financial aid package possible. The FAFSA Student Aid guide explains more.

Discover what financial aid is and learn everything there is to know about college funding in the How to Pay for College guide.

Fully Funded Online PhD Economics Programs

With the average cost of a PhD doctorate degree in the United States being $98,800 , many PhD aspirants would need to seek outside financial assistance. Fortunately, some colleges offer fully-funded online PhD programs in economics. Fully funded PhD programs in economics in USA will generally cover a student’s expenses for the three to five years they work on their doctorate (tuition, a living stipend, etc.). The following are a few fully-funded economics PhD programs:

FAQs Related to the Online PhD Economics Programs

How do you get a phd in economics.

To get a PhD in economics, one is required to go through the following steps:

• Complete all required coursework
• Select a specialization and research area
• Conduct research in the chosen area 
• Approach a faculty advisor/mentor
• Complete and pass all comprehensive qualifying exams
• Prepare the dissertation
• Submit the dissertation and defend it

How many years for PhD in economics?

A PhD typically takes 4 to 5 years to complete. For the first 1 to 2  years, students take classes and then spend the rest of the years researching and writing a dissertation. Some universities allow students to enroll part-time, which would take them longer to complete the program.

Can I do a PhD part time?

Yes. Several universities across the country allow students to pursue their doctoral programs part-time. Those working and unwilling to give up their careers to study can consider programs such as the part time PhD in economics or part time PhD in business administration & economics. However, it is noteworthy that part-time PhD programs could take 6 to 8 years to complete.

What can you do with a PhD in economics?

A PhD in economics is one of the most appealing graduate programs and can lead to influential research positions in academia or policymaking. For those willing to work outside of academics, the economics PhD can lead to senior roles as managers and directors in various sectors, including government, nonprofit, and international organizations.

How much does a PhD in economics make?

The economics PhD does not lead to specific job titles; they are generally senior positions in industry or academia. This, coupled with the years of experience one has, makes it difficult to accurately report how much PhD in economics holders make. The salary would also depend on the sector and work setting. However, to serve as an indicator, Payscale reports that the median average annual salary of an economics PhD holder is $112,000 .

Can you get a PhD in economics online?

Yes. The PhD in economics is available online at many institutions. The online option is advantageous for many with benefits, such as flexible class scheduling, lower tuition, and lower travel expenses. Some of the best PhD in economics programs online are listed in this guide.

Can I do a PhD in economics without a masters?

Yes, some universities allow students to pursue a PhD in economics without first earning a master’s degree or while pursuing a master’s program. Students must, however, have completed several hours of doctoral research, and all other requirements for their chosen PhD program and emphasis area must be met by a student who is accepted straight from a bachelor’s degree. Based on the student’s bachelor’s background and their chosen doctoral path, the advisory committee for direct PhD students will specify additional coursework beyond the minimum. George Mason University is an excellent example where one can earn a master’s in economics while pursuing a PhD

Career Opportunities and Salaries after Online PhD Economics

What can you do with an economics PhD? Completing the PhD economics program allows individuals to teach undergraduate classes, conduct independent and collaborative research, or work in senior roles in various industries, including health care, banking, education, finance, business, and government and non-profit organizations. Many go on to work in research facilities, academia, and government think tanks, often liaising with industry experts and professionals. Although PhD economics holders may share job titles with their bachelor’s and master’s counterparts, they often land careers in senior management or positions. Examples of job titles include but are not limited to:

• Project Manager
• Senior Marketing Analyst
• Operations Research Systems Analyst
• Senior Budget Analyst
• Administrative Director
• Senior Financial Analyst
• Senior Systems Analyst
• Senior Project Administrator
• Statistician
• Industry Analyst
• State Policy Analyst
• Economic Researcher
• Economic Consultant
• Bank Director
• Finance Director

The U.S. Bureau of Labor Statistics (BLS) projects that economist occupations will grow by 13% from 2020 to 2030, adding an estimated 1,600 jobs each year . Listed below are some examples of economics jobs, median annual salaries, and job growth, as reported by the BLS. It should be noted that the salaries mentioned are typically for those who have obtained their bachelors or masters in economics. PhD holders are likely to earn higher salaries:

Certifications and Licensing for PhD in Economics Students

A person’s competency—their education, demonstrated knowledge, and experience—is formally recognized by certification in a given profession. It is a formal process carried out and completed by a group of knowledgeable, experienced, and skilled organization representatives that improves one’s résumé and career opportunities. Each certification in the discipline of economics is unique to the economics discipline to which it pertains, such as health, finance, petroleum, business, and so on. PhD of economics holders can consider the following certifications:

Certified Business Economist (CBE)

The National Association for Business Economics (NABE) administers the Certified Business Economist (CBE) program, which was created by leading economists to “bridge the gap between what is learned in an academic setting and the knowledge required to succeed as a practitioner.”

Economic Development Finance Professional (EDFP) Certification Program

The Economic Development Finance Professional (EDFP) Certification Program focuses on the skills required for successful economic development, including loan packaging procedures, business credit & real estate financial analysis techniques, negotiating and problem-solving abilities, and deal structuring techniques.

American Academy of Financial Management (AAFM) Certifications

The American Academy of Financial Management (AAFM) bestows over 50 specialist designations and 20 distinct certifications on professionals who possess the necessary qualifications, experience, and training in economics-related fields. Examples of some of AAFM’s certifications are:

• AFA Accredited Financial Analyst
• AMA Accredited Management Accountant  
• AMC Accredited Management Consultant  
• MMC Master Management Consultant 
• CIPM Certified International Project Manager 
• CEPA Chartered Economic Policy Analyst
• ChE Chartered Economist
• ChHE Chartered Health Economist
• ChEE Charted Energy Economist
• ChFE Chartered Financial Economist
• ChME Chartered Managerial Economist
• ChIE Chartered Industrial Economist
• ChPE Chartered Petroleum Economist

Although not required for economists, licensure is strongly recommended for many analyst positions to demonstrate professional competence. The CFA Institute, for example, allows financial analysts to become chartered financial analysts.

Additional Resources for PhD in Economics Students

Given the importance of economics in almost every aspect of life, both PhD economics students and working professionals must stay current on new trends, policy changes, evolving markets, and consumer wants and demands. They should also network with others to broaden their economic knowledge and expertise, which may help them advance in their careers. Here are some resources that might be helpful in this endeavor:

National Economic Association (NEA)

The National Economic Association (NEA) promotes minority economists’ professional careers. To promote economic growth, the organization creates and disseminates knowledge about economic issues of particular interest to native and immigrant African Americans, Latinos, and other people of color.

World Economics Association (WEA)

The World Economics Association (WEA) is a professional organization dedicated to promoting a pluralistic approach to economics. WEA seeks to expand the scope, breadth, and depth of economic thought. Plurality, competence, reality and relevance, diversity, openness, outreach, ethical behavior, and global democracy are all examples of this.

The National Association for Business Economics (NABE)

The National Association for Business Economics (NABE) is a professional organization for business economists and people from other walks of life who use economics in their daily work. NABE organizes surveys and events, publishes books, and certifies its members.

American Institute for Economic Research (AIER)

The American Institute for Economic Research (AIER) is famous for its nonpartisan economic research and advocacy. The organization is dedicated to developing and promoting pure freedom and private governance through advanced economic research, accessible media outreach, educational programming, and more.

Society for the Advancement of Economic Theory (SAET)

The Society for the Advancement of Economic Theory (SAET) was created to advance theoretical economics knowledge and facilitate communication among researchers in economics, game theory, mathematics, and any other such relevant fields that could be useful to economic theory.

The average tuition (based on degree type for in-state students), average graduation rates, and rankings are based on data from various sources, including the Integrated Postsecondary Education Data System (IPEDS), and are variable over time. All rankings and statistics are subject to change. The rankings are solely the opinion of Find Best Degrees (FBD) and are based on our proprietary methodology . They do not represent the views of the institutions or organizations mentioned, nor do they represent any official government census or survey. Furthermore, any views or opinions expressed on this page are of FBD’s researchers and teams. Unless otherwise specified, they do not represent the thoughts and opinions of the individuals, institutions, or organizations mentioned. This page’s content is provided solely for informational purposes, with data drawn from various sources, including IPEDS. FBD and its employees make no guarantees regarding the accuracy or completeness of any information found on this page or by following any link. FBD will not be held liable for any errors or omissions in this material nor any losses, injuries, or damages resulting from the exposure or use of this information. Although the information on this page is/was correct at the time of publication, readers should exercise caution because some or all of the provided information may have changed over time, potentially resulting in inaccuracies. For more information, please read our Terms of Service . Trademarks and logos are the property of their registered owners.

Tepper School of Business

Ph.D. Program in Economics

Graduates have exceptional research training in economic theory and the quantitative tools required for innovative research on complex economic problems..

The purpose of the Ph.D. program in Economics is to educate scientists who will advance the frontiers of economic knowledge through research and teaching.

The program is designed to provide students with sound training in economic theory, and the quantitative tools required for innovative research on economic problems. Equally important, the program is structured to allow students both time and guidance for research activities.

The goal of the doctoral program in economics is to help students learn to do original, creative research. Unlike most graduate programs in economics, we have chosen not to impose rigid course requirements on students. Instead, we emphasize involving students in research early in their graduate careers. Students in the doctoral program in economics at the Tepper School of Business at Carnegie Mellon take courses in order to learn the fundamental principles of economic theory underlying all areas of application, and to master the analytic and modeling techniques of the practicing research economist. In-depth knowledge of specialized areas is required as a by-product of research activity.

At the completion of the Ph.D. program in economics at the Tepper School, a student should have mastered the fundamental principles of economic theory and the quantitative tools required for basic and applied research. Additionally, the student should have attained a level of skill in research techniques which will serve as the basis for continued self-development.

• Students are expected to obtain knowledge of substantive research areas by taking elective courses, attending and participating in seminars, working with the faculty, and reading research papers.
• Students are urged to actively involve themselves in the intellectual life of the school.
• Seminars are a fundamental mechanism for exchange of information throughout the profession, and they are an essential professional activity of a successful research economist.
• Students should plan to attend weekly seminars throughout their stay at the business school.

Research Topics

• Real Business Cycles
• Expectations and Indeterminacy of Monetary Equilibrian Experimental Economies
• Consistent Incentive Mechanism (Contract) Design
• Corporate Financial Policy Under Asymmetric Information
• Bargaining Foundations of Product Innovation
• Variation in Wages and Hours of Work Over the Business Cycle
• Individual Adjustment to Changing Labor Markets
• The Distribution of Income Within and Across Households
• The Results of Deregulation
• Macroeconomic Policy
• International Trade Policy
• Female Labor Supply and Fertility
• The Economics Behind Marketing "New and Improving" Products
• Risk Analysis and Management
• Estimation and Inference for Dynamic Economic Models
• The Duration of Interorganizational Relationships
• The Endogeneity of Appropriability and R&D Investment

P lease visit our Ph.D. Student Profiles page t o view the profiles of our current doctoral candidates.

Program details.

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PhD in Economics

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PhD in Economics At a Glance

• 45 credit hours of course work, completed in as little as 2.5 years.
• Study diverse theoretical perspectives, including post-Keynesian, intuitionalist, evolutionary, and feminist economics.
• Tailor your field coursework to best match your research interests.
• Designated as a STEM degree program 
• Program Director: Professor Nathan Larson .

Tailor Your Degree to Your Research Interests

Offering a combination of rigorous technical training and a focus on policy-relevant research, our PhD in Economics will prepare you for careers in academics, research, and government. Our students master economic theory, statistical methods, and applied field knowledge. Then, through the dissertation-writing process, they develop the ability to formulate and empirically answer economic questions.  

• Diverse Perspectives : In addition to a strong foundation in macro and micro theory and econometrics, students learn a more diverse perspective on economics through required courses in economic thought and economic history, as well as optional courses in heterodox theoretical models of economics, including post-Keynesian, intuitionalist, evolutionary, and feminist economics.
• Flexibility : Students choose four applied field courses that best fit their research interests. The department offers a wide selection of concentrations, including courses in development, gender, international, labor, macro/monetary, and other applied micro topics.
• Preparation : Students must successfully pass one comprehensive exam at the end of their first year and produce a journal-quality research paper by the end of their third year. The third-year paper typically serves as a key component of the dissertation, giving students an advanced start on the dissertation writing process.

See complete Admissions and Program Requirements .

Faculty Dedicated to Your Success

At AU, you will take classes from and work with a diverse group of esteemed economists and highly cited scholars who are engaged with practitioners and policymakers around the world. Their wide-ranging research and publications , along with the variety of methodological approaches they use, create a rich environment for innovations in theory and empirical studies. 

Our research centers, including the Program on Gender Analysis in Economics and Infometrics Institute , host guest scholars and research projects, further enhancing the opportunities for graduate students. By working as research assistants and teaching assistants, PhD students gain valuable experience and mentorship in an academic setting.  

Throughout their third year and into the fourth, students work closely with a faculty member of their choosing on their third-year paper and dissertation proposal, eventually adding other experts to their dissertation committee to gain additional insights and expertise. Through this process, students develop lasting collegial, and productive relationships with faculty, classmates and economists at DC-area institutions, often co-authoring and publishing.  

Launch Your Career Amongst Top Economists 

The Washington metropolitan area employs over one-third of all economists in the country. The array of intellectual and professional opportunities offered by the nation's capital make American University the ideal place to study economics. The department's strategic partnerships and our faculty's relationships with nearby institutions will help you make the best use of those opportunities.

Internship and employment opportunities:

• The World Bank 
• International Monetary Fund
• Research institutes
• Think Tanks and NGOs
• US Treasury, Labor, and Commerce Departments 

Economics PhD graduates are well qualified for careers in academia, government agencies, and international organizations. Our students receive career mentorship and placement services that lead to careers in public policy, academia, and government, both domestically and abroad.

Many of our graduates go on to academic posts at universities such as the Saint Louis University, the University of Vermont, University of Wisconsin-La Crosse, and Franklin College. Domestically, graduates have served in congress and government agencies, including the Bureau of Economic Analysis, the Department of Commerce, and the Department of Labor. Our alumni working outside of the US have founded research institutions and consulted for major organizations such as CGIAR-CIP and the United Nations. 

Read more career information about AU economics alumni.

See the 2017-8 list of job market candidates .

News & Notes

See abstracts from the 2024  Third Year Paper Conference .

Research Seminar Series Wednesdays at noon.

• PhD candidate Amy Burnett Cross received an EHA Dissertation Fellowship from the EHA Committee on Research in Economic History
• PhD student Danielle Wilson was awarded an Economic History Association grant for archival research on Mexican Railroads.
• PhD student Aina Puig's short essay, " The Unequal Effect of Interest Rates by Race, Gender, " was published in the San Francisco Fed's Economic Letter.
• Professor Bernhard Gunter and PhD students Bong Sun Seo & Farah Tasneem were awarded the  International Award for Excellence for their article on the change in labor force participation rates during periods of globalization and marginalization. 

Student Spotlights

More about Aina

San Francisco Federal Reserve Board’s essay contest  called for papers studying economic impacts of gender and racial inequalities. As a winner, Aina’s paper will be published in the Federal Reserve Board’s Economic Letter and will have the opportunity to participate in a 6-week summer research program.

Aina’s paper focused on the impact of monetary policy, through interest rates, on spending patterns among types of U.S. households—those with mortgages, those with women versus men as head of household, and those headed by White versus Black people. By building on her interest in macroeconomic inequality topics with direct policy implications, she intended (and continues to intend) to fill a gap in the literature, adding to the income inequality narrative by bringing gender and racial inequalities to the forefront of discussion.

Through this project, she was able to not only establish the impact of monetary policy shocks on consumption patterns, but also inform the Federal Reserve Board of these distributional impacts. When discussing her research, Aina states that “promoting equal opportunity and understanding the different impacts of policies can help policymakers create policies that promote economic growth while benefitting all groups’ well-being in society.”

Her interest in analyzing inequality topics through lens of distributional effects of macroeconomic policies came to life during her research for this paper and “ties directly into [her] plans for [her] dissertation…, a good starting point for [her] future research.”

Vasudeva Ramaswamy

More about Vasudeva

Economics PhD candidate Vasudeva Ramaswamy credits American University with helping him zero in on his area of research interest and for equipping him with the tools to explore and contribute to his field. 

During his time at AU, Vasu spent two summers working with the World Bank, studying the impact of agricultural aggregators in East Africa — specifically, how they provided income and security to farmer communities. 

Vasu’s dissertation considers the effects of the Federal Reserve Bank’s actions on household inequality. Who gains and who loses when the Fed increases (or decreases) interest rates? And how do these effects propagate through the economy? Because business income and profits play a key role in household inequality, Vasu looks at how businesses respond to the actions of the Fed. 

After he earns his PhD, Vasu says he would love to be able to continue researching the importance of economic heterogeneity in monetary policy transmission. “I am particularly grateful for AU’s faculty, who are leading experts in their field and approachable and encouraging as mentors,” he adds. “I am equally grateful for the rest of my PhD cohort, who are a brilliant and motivated group. I am learning from them continually.”

Elissa Cohen

More about Elissa

Economics PhD candidate Elissa Cohen received an NSF grant to pursue her research about assumptions people make about risk and, building off an idea from a previous project, Elissa continues her interest in the Value of Statistical Life in this one to question the validity of how VSL is used and estimated. In doing so, she contributes to development of a more complete theory of how perceptions of risk guide decision making.

Elissa asks three questions: (1) Is the construct validity of the VSL consistent across measurement approaches? (2) Do people value the mitigation of varying types of fatality risk differently across domains? (3) Do people accurately comprehend the probability of death in a given setting?

To answer these questions, Elissa uses discrete choice experimental (DCE) designs, self-report surveys, and machine learning techniques to evaluate the validity of the VSL as an assessment how people’s risk assessment shapes behavior.

This research improves the understanding of how people perceive fatality risk across domains and how perceptions impact choices about risk exposure. With this research comes the potential to reshape how regulatory agencies construct their aggregated VSL estimates for future cost-benefit analyses, influencing policy decisions and allocation of scarce federal resources.

As she thinks about impact and the research space she can contribute to and develop, Elissa comments, “AU has definitely helped me refine the types of questions I am interested in answering…. I see myself continuing to explore and test feedback loops between emergent human behaviors and macro-level policy decision-making.”

Amy Burnett Cross

More about Amy

Amy Burnett Cross has been selected as one of the three NBER Pre-Doctoral Fellows in the Gender in the Economy program to support her dissertation research on the influence of military policy on the sorting of women into occupations. Through this research, she is able to include her knowledge from AU’s Program on Gender Analysis in Economics as well as her understanding that by bringing more insight from conservative institutions into her research realm, she could enhance the policy space of gender equity.

As she continues her career, Amy desires to conduct research that is directly applicable to policymakers, and through her research on this project, Amy has the chance to do this in addition to engaging with economic history and begin to invest more time in the historical arc of military policy and gender dynamics.

She has three focuses for her dissertation project: (1) evaluate the impact of lifting the ban on women in combat (in 2013) on civilian occupational desegregation; (2) measure the extent to which gender desegregation of the Army (in 1977) signaled a shift in the appropriate role of civilian women at work; and (3) assess whether the structure of the U.S. draft in WWI (in 1917) contributed to the development of the male breadwinner norm.

Amy’s work aims to provide evidence that policy changes can influence social norms constraining women’s work and occupational segregation, particularly in discovering how policies regarding women’s participation in the military go on to influence gender gaps in civilian labor market outcomes. In doing so, Amy also seeks to contribute to the research of information asymmetry as a cause for occupational segregation—does military gender desegregation function as a reduction of information asymmetry?

With the support and accommodation of her peers, professors, and advisor, Mary E. Hansen, Amy has been able to focus on her academic excellence and develop close friendships and bonds during her journey at AU. In discussing her work in gender economics and the community at American University, Amy offered, “AU attracts women economists and I have found some truly excellent ones here.”

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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.   

Ph.D. Program

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

• Requirements

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

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

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

• The Program
• Prospective Students
• Milestones and Timeline
• Student Resources
• Student Directory

Our Program

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

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

Fields of Study

Important dates.

Aug. 19, Mon. GSAS New Student Orientation week begins.

Aug. 26, Mon. Add/drop period opens, 8:00 am.

Aug. 28, Wed. Fall-term classes begin.

Full calendar

Department of Economics

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

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

Student Life

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

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

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

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

Economics across JHU Schools

Carey business school.

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

School of Advanced International Studies

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

Advanced Academic Programs Applied Economics

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

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The Ph.D. Program in the Department of Economics at Harvard is addressed to students of high promise who wish to prepare themselves in teaching and research in academia or for responsible positions in government, research organizations, or business enterprises. Students are expected to devote themselves full-time to their programs of study.

The program prepares students for productive and stimulating careers as economists. Courses and seminars offered by the department foster an intellectually active and stimulating environment. Each week, the department sponsors more than 15 different seminars on such topics as environmental economics, economic growth and development, monetary and fiscal policy, international economics, industrial organization, law and economics, behavioral economics, labor economics, and economic history. Top scholars from both domestic and international communities are often invited speakers at the seminars.  The Harvard community outside of the department functions as a strong and diverse resource. Students in the department are free to pursue research interests with scholars throughout the University. Faculty of the Harvard Law School, Kennedy School of Government, and Harvard Business School, for example, are available to students for consultation, instruction, and research guidance. As a member of the Harvard community, students in the department can register for courses in the various schools and have access to the enormous library resources available through the University. There are over 90 separate library units at Harvard, with the total collections of books and pamphlets numbering over 13 million.  Both the department and the wider University draw some of the brightest students from around the world, which makes for a student body that is culturally diverse and likely unequaled in the range of intellectual interests of its members. These factors combine to add an important dimension to the educational process. Students are able to learn from one another, collaborate on research projects and publications, and form bonds that are not broken by distance once the degree is completed and professional responsibilities lead them in different directions.

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Economic Analysis & Policy

Our doctoral program in the field of economic analysis and policy prepares students for research careers in economics. The program offers rigorous training and has several distinct advantages:

Low Student-to-Faculty Ratio

First, enrollment in the program is small. This encourages close faculty-student contact and allows students to become involved in research very early. Students work first as assistants on faculty research projects and, as their interests and skills develop, on their own research. Students often begin their publishing careers before completing their degrees.

Flexible and Innovative Program

Second, the program is flexible and innovative; students can draw on both the school’s and the university’s distinguished faculty. In addition to the faculty in the economics group at Stanford GSB and in the university’s economics department, students have access to faculty in political and behavioral sciences; accounting and finance; mathematics, statistics, and computer science; and many other disciplines.

A Top-Ranked School

Third, the program is part of a top-ranked professional school. This setting allows students to gain a deeper understanding of the actual processes of business decision-making and public policy formulation.

Preparation and Qualifications

Students who enroll in this program have a substantial background in economics and mathematics. They are expected to have, minimally, mathematical skills at the level of one year of advanced calculus and one course each in linear algebra, analysis, probability, optimization, and statistics.

The faculty selects students based on predicted performance in the program. Evidence of substantial background or ability in the use of mathematical reasoning and statistical methods is important. Most successful applicants had quantitative undergraduate majors in economics, mathematics, or related sciences.

In addition to evidence of ability and letters of recommendation, the faculty considers carefully the applicant’s statement of purpose for pursuing the PhD degree. The successful applicant usually has clearly defined career goals that are compatible with those of the program.

Acceptance into the program is extremely competitive. Admitted applicants compare very favorably with students enrolled in the top economics departments of major universities.

Economic Analysis & Policy Faculty

Mohammad akbarpour, claudia allende santa cruz, susan athey, lanier benkard, jeremy i. bulow, modibo khane camara, sebastian di tella, rebecca diamond, yossi feinberg, guido w. imbens, charles i. jones, jonathan levin, michael ostrovsky, garth saloner, yuliy sannikov, kathryn shaw, andrzej skrzypacz, paulo somaini, takuo sugaya, juan carlos suárez serrato, christopher tonetti, shoshana vasserman, ali yurukoglu, weijie zhong, emeriti faculty, alain c. enthoven, robert j. flanagan, david m. kreps, peter c. reiss, john roberts, a. michael spence, robert wilson, recent publications in economic analysis & policy, a kinky consistency: experimental evidence of behavior under linear and non-linear budget sets, policy learning with adaptively collected data, trading stocks builds financial confidence and compresses the gender gap, recent insights by stanford business, why i research: findings fueled by the head and the heart, a “grumpy economist” weighs in on inflation’s causes — and its cures, if/then: why research matters, placement director.

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Graduate Program

Ph.d. in economics.

The Ph.D. program at Berkeley is designed for students interested in pursuing advanced study and conducting original research in Economics. The Ph.D. degree is awarded in recognition of the recipient's qualifications as a general economist and of the ability to make scholarly contributions in fields of specialization. Additionally, the Economics Ph.D. program is residential, there is no remote enrollment option. 

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

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

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

Program Requirements

• Years 4 to 6
• Program Rules
• Frequently Used Forms
• Financial Support

• Harvard Business School →
• Doctoral Programs →
• PhD Programs
• Accounting & Management

Business Economics

• Health Policy (Management)
• Organizational Behavior
• Technology & Operations Management
• Program Requirements

Curriculum & Coursework

Research dissertation, areas of specialization.

• Behavioral Economics
• Development
• Econometrics
• Economic History
• Economic Theory
• Economics of Organization
• Entrepreneurship
• Industrial Organization
• International Economics
• Labor Economics
• Macroeconomics
• Political Economy
• Public Economics
• Organizational Economics

Fanele Mashwama

Sagar Saxena

“ HBS is the ideal environment because I get to think about the world like an economist, but I have the freedom and resources to draw on methods from other disciplines as I study market design and industrial organization. ”

Current Harvard Economics Faculty

• Pol Antràs
• Robert Barro
• Emily Breza
• John Y. Campbell
• Raj Chetty
• Gabriel Chodorow-Reich
• Richard Cooper
• David M. Cutler
• Melissa Dell
• Karen Dynan
• Benjamin Enke
• Richard B. Freeman
• Benjamin M. Friedman
• Roland G. Fryer, Jr.
• Xavier Gabaix
• Edward Glaeser
• Claudia Goldin
• Benjamin Golub
• Gita Gopinath
• Oliver Hart
• Elhanan Helpman
• Dale Jorgenson
• Myrto Kalouptsidi
• Maximilian Kasy
• Lawrence Katz
• Gabriel Kreindler
• David Laibson
• Robin S. Lee
• N. Gregory Mankiw
• Stephen Marglin
• Eric S. Maskin
• Marc Melitz
• Jeffrey Miron
• Ariel Pakes
• Amanda Pallais
• Matthew Rabin
• Gautam Rao
• Kenneth Rogoff
• Amartya Sen
• Neil Shephard
• Andrei Shleifer
• Stefanie Stantcheva
• Jeremy Stein
• James Stock
• Ludwig Straub
• Tomasz Strzalecki
• Lawrence H. Summers
• Elie Tamer
• Winnie Van Dijk
• David Yang

Current HBS Faculty

• Laura Alfaro
• Samuel B. Antill
• Brian K. Baik
• Malcolm P. Baker
• John Beshears
• Alberto F. Cavallo
• Katherine B. Coffman
• Lauren H. Cohen
• Shawn A. Cole
• Joshua D. Coval
• Mihir A. Desai
• Mark L. Egan
• Benjamin C. Esty
• C. Fritz Foley
• Stuart C. Gilson
• Paul A. Gompers
• Jerry R. Green
• Shane M. Greenstein
• Robin Greenwood
• Brian J. Hall
• Samuel G. Hanson
• Victoria Ivashina
• Ebehi Iyoha
• Robert S. Kaplan
• William R. Kerr
• Tarun Khanna
• Raymond P. Kluender
• Jacqueline Ng Lane
• Josh Lerner
• Edward McFowland III
• David A. Moss
• Joseph Pacelli
• Matthew Rabin
• Sophus A. Reinert
• Forest L. Reinhardt
• Meg Rithmire
• Clayton S. Rose
• Benjamin N. Roth
• Raffaella Sadun
• David S. Scharfstein
• Joshua R. Schwartzstein
• Arthur I Segel
• Emil N. Siriwardane
• Adi Sunderam
• Boris Vallee
• Luis M. Viceira
• Matthew C. Weinzierl
• Dennis A. Yao

Current Business Economics Students

• Maxim Alekseev
• Sage Belz
• Fiona Chen
• Cameron Cohen
• Jorge Colmenares
• Terry Culpepper
• Cameron Deal
• Songyuan Ding
• Jo Ellery
• Aristotle Epanomeritakis
• Simon Essig Aberg
• Toren Fronsdal
• Jacob Furst
• Jay Garg
• Jeffrey Gortmaker
• Shlok Goyal
• Helene Hall
• Ruru (Juan Ru) Hoong
• Catherine Huang
• Baiyun Jing
• Nathan Kaplan
• Justin Katz
• Lev Klarnet
• Shira Li
• Iris Li
• Alex Magnuson
• Fanele Mashwama
• Marcela Mello
• Laura Nicolae
• Saketh Prazad
• Lauren Rice
• Maya Roy
• Dominic Russel
• Leo Saenger
• Claire Shi
• Wilbur Townsend
• Jennifer Walsh
• Andi Wang
• Cashua Wang
• Katherine Wang
• Alex Wu
• Jeffrey Yang
• Jennifer Zou

Current HBS Faculty & Students by Interest

Recent placement, martin aragoneses, 2024, angela ma, 2024, john conlon, 2023, erica moszkowski, 2023, ran zhuo, 2023, matthew lilley, 2022, david zhang, 2022, karen shen, 2021, ravi jagadeesan, 2020, vitaly bord, 2019, weiling liu, 2019, michael blank, 2024, kunal sangani, 2024, spencer yongwook kwon, 2023, daniel ramos, 2023, francesca bastianello, 2022, frank pinter, 2022, andreas schaab, 2021, edoardo maria acabbi, 2020, michael thaler, 2020, oren danieli, 2019, janelle schlossberger, 2019, jiafeng (kevin) chen, 2024, hanbin yang, 2024, robert minton, 2023, sagar saxena, 2023, talia b. gillis, 2022, ron yang, 2022, gregor schubert, 2021, xiang ding, 2020, christopher anderson, 2019, yizhou jin, 2019.

About the Ph.D. Program

The Ph.D. Program in Economics at UCLA prepares students for careers as economists in academia, business and government. The program combines rigorous work in economic theory and careful study of real-world problems and institutions. Graduates from this program work at major universities around the world, national and international government agencies, banks, research centers and in private businesses. Some of our graduates have achieved great prominence, such as William Sharpe , who earned both his B.A. and Ph.D. degrees at UCLA, and was co-recipient of the 1990 Nobel Prize in Economics for his work on the capital asset pricing model.

The department includes internationally recognized scholars in economic theory, econometrics, and all the major applied fields. These outstanding scholars form one of the foremost departments of economics in the world.

The Economics Department is situated within one of the world’s most youthful and vibrant universities. Founded in 1919, UCLA first developed into a major university in the 1950’s. After so short a history, the university was ranked second in the United States among public research universities by the Conference Board of Associated Research Councils in 1982. Thirty-one of its Ph.D. programs are currently ranked in the top 20 in their field–third best in the nation.

The Ph.D. is the degree objective of the graduate program. This degree is awarded to students who demonstrate professional competence by passing written qualifying exams and by completing a major piece of individual research (the Ph.D. dissertation).

Preparation for the qualifying exams through coursework and independent study occupies most student time for the first two years. Thereafter the focus shifts to independent research and finally to the writing of a Ph.D. dissertation. Research in progress by our graduate students as well as our faculty is presented at workshops that meet weekly throughout the academic year. Currently, the Dept. has workshops in Theory and Mathematical Economics, International and Development Economics, Labor and Population Economics, Business Organization and Regulation Economics, Economic History, Econometrics, and Monetary Theory. In addition, many graduate students work as research or teaching assistants for faculty members. The normal time to degree is six years.

This degree program classifies as STEM (CIP Code 45.0603: Econometrics and Quantitative Economics).

UCLA Department of Economics

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Economics, PhD

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Business, approved for STEM-OPT extension, government, investment, markets, money

Enjoy close contact with faculty and fellow classmates and many opportunities to actively participate in department activities and to discuss your ongoing research with visitors. Financial support for five years is offered through teaching and research assistantships, with stipends that are highly competitive.

The PhD program in economics provides rigorous training in microeconomic theory, macroeconomic theory, applied economics and econometrics. Additionally, students may select a primary area of specialization for study:

• applied microeconomics
• econometrics
• economic theory
• environmental and resource economics
• financial economics
• macroeconomics

This full-time doctoral program prepares students for teaching and research positions at four-year institutions of higher education and for research positions in public agencies or private business organizations.

The program is relatively small in size, with about 45 doctoral students in residence at any time. This low student-to-faculty ratio affords greater faculty attention and mentoring than larger programs. Students become valued members of the department, involved in teaching, research and seminar activities.

This program may be eligible for an Optional Practical Training extension for up to 24 months. This OPT work authorization period may help international students gain skills and experience in the U.S. Those interested in an OPT extension should review ASU degrees that qualify for the STEM-OPT extension at ASU's International Students and Scholars Center website.

The OPT extension only applies to students on an F-1 visa and does not apply to students completing a degree through ASU Online.

• College/school: W. P. Carey School of Business
• Location: Tempe
• STEM-OPT extension eligible: Yes

84 credit hours, a written comprehensive exam, an oral comprehensive exam, a prospectus and a dissertation

In addition to completing 60 credit hours beyond the bachelor's degree (30 credit hours beyond the master's degree) and 24 credit hours of research and dissertation, the doctoral student must accomplish five tasks:

• Meet the qualifying examination requirement.
• Present at least one area of emphasis.
• Pass the comprehensive examination (both written and oral components).
• Pass the dissertation proposal defense.
• Complete a dissertation with an oral defense.

Students should see the Department of Economics graduate student handbook for details concerning these tasks.

Applicants must fulfill the requirements of both the Graduate College and the W. P. Carey School of Business.

Applicants are eligible to apply to the program if they have earned a bachelor's or master's degree from a regionally accredited institution.

Applicants must have a minimum cumulative GPA of 3.00 (scale is 4.00 = "A") in the last 60 hours of their first bachelor's degree program, or a minimum cumulative GPA of 3.00 (scale is 4.00 = "A") in an applicable master's degree program.

All applicants must submit:

• graduate admission application and application fee
• official transcripts
• three letters of recommendation
• proof of English proficiency

Additional Application Information An applicant whose native language is not English must provide proof of English proficiency regardless of their current residency.

The Department of Economics requires applicants to send official scores from the GRE directly to Graduate Admission Services. Applications are not reviewed until the GRE scores are received. ASU does not accept the GRE® General Test at home edition.

The admission policy weighs several factors, including letters of reference, overall GPA, GRE scores and performance in selected mathematics and economics courses. There are no absolute standards for any of the factors, but performance on each should clearly suggest academic potential that is far above those of the normal undergraduate student.

Admission guidelines are available on the Graduate Admission Services website. Applicants should see the program website for application deadlines and admission terms.

Graduates with a W. P. Carey School of Business doctorate in economics embark on careers in research and academia, learning from thought leaders in their respective fields and gaining the resources of one of the largest universities in the U.S.

Career opportunities include:

• assistant professor
• research associate

Department of Economics | CPCOM 412 [email protected] 480-965-3531

• Best Economics Master's Degrees

Best Economics Master’s Degrees Of 2024

Updated: Aug 11, 2023, 10:37am

An economy is made up of the sale, production and exchange of goods and services in a specific geographic area. These factors are subject to significant variance and disruptions, requiring careful research, forecasts and analysis from economists and other professionals. Employers for these roles typically seek candidates with graduate-level education.

An online master’s in economics allows students to pursue an advanced education in the field with additional flexibility in completing assignments, scheduling courses and choosing a program. Graduates with master’s degrees in economics can pursue roles as economists, consultants, policy analysts and statisticians.

This list of the best master’s in economics online programs offers insight into the top programs in the field. Discover details such as notable courses, accreditation information, tuition costs and delivery methods.

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Our Methodology

We scored four accredited, nonprofit colleges offering online economics master’s programs in the U.S. using 16 data points in the categories of credibility, affordability, student outcomes, student experience and application process. We pulled the data for these categories from reliable resources such as the Integrated Postsecondary Education Data System ; private, third-party data sources; and individual school and program websites.

We scored schools based on the following categories:

Student Outcomes :

• Overall graduation rate
• Median earnings 10 years after graduation

Affordability :

• In-state graduate student tuition
• In-state graduate student fees
• Alternative tuition plans offered
• Median federal student loan debt
• Percentage of students in federal student loan deferment

Student Experience :

• Student-to-faculty ratio
• Socioeconomic diversity
• Availability of online coursework
• Total number of graduate assistants
• More than 50% of graduate students enrolled in at least some distance education

Credibility :

• Fully accredited
• Programmatic accreditation status
• Nonprofit status

Appl ication Process :

• Acceptance rate

We listed all four schools in the U.S. that met our ranking criteria. Find our full list of methodologies here .

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Best Economics Master’s Degree Options

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Should You Enroll in an Online Economics Master’s Program?

Accreditation for online master’s degrees in economics, how to find the right online master’s in economics for you, frequently asked questions (faqs) about online master’s degrees in economics, purdue university, university of detroit mercy.

• The Chicago School of Professional Psychology at Los Angeles

University of Missouri – Columbia

Graduate Tuition

$1,019/credit (in state)

Percentage of Grad Students Enrolled in Distance Education

Overall Graduation Rate

Based in West Lafayette, Indiana, Purdue University offers an online master’s in economics through fully asynchronous delivery. Purdue’s Daniels School of Business holds accreditation from the Association to Advance Collegiate Schools of Business, indicating quality education.

Along with economics topics like optimizing and forecasting business outcomes, this master of science degree applies machine learning and big data to prepare graduates for modern business contexts. Purdue charges slightly lower tuition for in-state online students, though out-of-state learners only pay $50 more per credit.

• Our Flexibility Rating: Learn On Your Schedule
• School Type: Public
• Application Fee: $60
• Degree Credit Requirements: 30 credits
• Program Enrollment Options: Accelerated, full time
• Notable Major-Specific Courses: Health economics, wage discrimination
• Concentrations Available: Business and data analytics, financial economics, public economics and policy
• In-Person Requirements: No

$953/credit

University of Detroit Mercy (UDM) features a master of arts in economics with small classroom sizes to maximize interactions with faculty. Students can enroll in the summer, winter or fall semesters and complete the program in one year of full-time enrollment. Learners can opt to combine a six-credit thesis course with electives or omit the thesis to complete 15 credits of electives.

UDM’s online economics master’s degree takes a liberal arts approach to foster a more in-depth understanding of the world economy’s history.

• School Type: Private
• Application Fee: N/A
• Program Enrollment Options: Part time, full time
• Notable Major-Specific Courses: Analysis of economic conditions, quantitative foundations of economic analysis
• Concentrations Available: Applied, theoretical

The Chicago School of Professional Psychology

$1,303/credit

The Chicago School of Professional Psychology ‘s master’s degree in behavior economics takes a unique approach to econ, focusing more on the human elements of marketing, consumer behavior and decision-making than broad market forces.

Students explore courses like game theory and consumer psychology to apply toward professional roles in business and policymaking. The degree’s focus on psychology explores concepts such as designing point-of-sale displays and maintaining brand image. The Chicago School charges all students flat-rate tuition as a private institution.

• Our Flexibility Rating: Learn Around Your 9-to-5
• Application Fee: $50
• Degree Credit Requirements: 40 credits
• Program Enrollment Options: Full time
• Notable Major-Specific Courses: Social psychology, public policy
• Concentrations Available: N/A

$500/credit

University of Missouri-Columbia (Mizzou) offers a fully online master of arts in economics that focuses on data analytics to prepare graduates for the modern business world. Students learn to forecast economic shifts, apply theoretical models to real-world scenarios and develop practical experience through hands-on courses.

The degree takes a global approach to economics and data analysis. Mizzou charges all online learners the same per-credit tuition rate, allowing out-of-state students to pay the same as Missouri residents.

• Application Fee: $75
• Notable Major-Specific Courses: Microeconomic theory, applied econometrics

Students continue to pursue graduate-level online learning for its flexibility and increased access to programs. According to data from the National Center for Education Statistics (NCES), 38% of graduate students took some amount of online courses in the 2020-21 academic year. This figure increased to 56% in the 2020-21 school year.

However, the flexibility of online learning requires self-motivation, time management skills and meticulous organization to keep up with assignments. Consider the following elements as you research online master’s in economics programs.

Accreditation is a voluntary process through which schools and programs undergo strict evaluation for their curricula, student resources and faculty. Third-party organizations recognized by the U.S. Department of Education or the Council for Higher Education Accreditation confer this status to programs, departments and schools based on merit.

Institutional accreditation applies to entire schools. Major accreditors at the institutional level include:

• Higher Learning Commission
• WASC Senior College and University Commission
• Middle States Commission on Higher Education
• Northwest Commission on Colleges and Universities

It’s vital to confirm the institutional accreditation status of every prospective school. Along with signifying the high quality of your school, accreditation allows you to transfer credits between accredited institutions and qualify for financial aid.

More specialized accrediting organizations evaluate individual programs and departments within higher education institutions. Economics programs, including online economics master’s degrees, often exist within schools’ business departments. Programmatic accreditation for business degrees and departments may come from:

• Association to Advance Collegiate Schools of Business
• International Accreditation Council for Business Education
• Accreditation Council for Business Schools and Programs

Consider Your Future Goals

As you research prospective degrees, consider your goals to find the right program for your needs. If you plan to pursue employment as an economist after completing your master’s program, you might prioritize schools with strong alumni networks, employer connections or internship placements.

If you plan to continue in academia with a Ph.D. in economics, you might seek a master’s program at a university that also offers a relevant doctoral degree. Attending the same school for both graduate programs gives you a chance to connect with faculty who can provide letters of recommendation and guide you toward programs that align with your aspirations.

Understand Your Expenses and Financing Options

NCES tracks tuition costs and fees for graduate programs based on public vs. private status. As of the 2020-21 academic year, in-state graduate students at public schools paid an average of $12,394 in tuition and fees, while private schools charged grad students an annual average of $26,621.

Annual tuition costs vary among the online economics master’s programs in this list, ranging from $7,500 to $19,545. Across the four programs ranked here, annual tuition costs come out to an average of about $14,000.

To help with paying for your online master’s in economics, thoroughly research all available funding options. Get started by filling out a FAFSA, which will determine your eligibility for various types of aid, including federal loans.

From there, research financial aid that does not require repayment, such as grants and scholarships. Schools and independent organizations often award this funding based on identity, need or academic achievement. For example, graduate-level economics students can pursue the $1,000 Hsiao Memorial Economics Scholarship , which requires candidates to have 50% Asian heritage and demonstrated financial need.

Is a master’s in economics a good degree?

A master’s in economics can lead to roles with encouraging employment projection figures and high salaries. The U.S. Bureau of Labor Statistics (BLS) reports that economists—who typically need master’s degrees—earned a median annual salary of $105,630 as of May 2021. BLS projections indicate that economist employment will grow by 6% from 2021 to 2031, slightly outpacing the average projected growth for all occupations.

Is an MBA or a master’s in economics better?

The “better” degree depends on your personal and professional goals. An MBA provides a more general curriculum, including business courses. A master’s in economics focuses more on core coursework in the subject. An MBA can lead to more leadership roles; master’s in economics degrees allow you to pursue more narrowly focused professions in economics and finance.

Is an economics master’s hard?

Economics master’s degrees dive deeper into quantitative skills than undergraduate programs in the subject. Students who struggle with statistics and mathematics may find economics master’s programs challenging, but driven learners coming from economics bachelor’s programs can often hit the ground running in a graduate program.

How many years is an economics master’s degree?

Most economics master’s degrees comprise 30 credits, which students can complete in one to two years, depending on their course load.

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Our doctoral students come from a variety of backgrounds. Some have substantial work and professional experiences, or are recent MBA graduates, and others enter directly from undergraduate programs in the social sciences, business, engineering, and allied fields. Though not required, successful applicants often possess one or several of the following characteristics:

• Experience in the social sciences, e.g. through undergraduate or graduate coursework in anthropology, economics, political science, psychology, sociology or related fields
• Research experience, e.g. in the form of an honors or master’s thesis, or research assistant work
• Post baccalaureate work experience
• Evidence of quantitative or statistical skills, e.g., high quantitative test scores or advanced courses in mathematics, statistics, engineering or econometrics
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Applied Economics

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BS/MS Integrated Degree Program (4+1) with Morris

Our department offers an integrated Bachelor of Science-Applied Economics and Master of Science-Applied Economics , and an integrated Bachelor of Science-Agricultural Food and Business Management and Master of Science-Applied Economics . These programs offer students the opportunity to earn a bachelor’s degree and a master’s degree in five years! Programs range from a Plan A option which balances coursework and research development, to a Plan B option that focuses more on coursework. 

Students accepted to an integrated program will be guaranteed admission to the M.S. as long as they complete their undergraduate program. Accepted students will not need to take the GRE exam as part of their graduate application, unlike other students applying to the masters program.

Integrated Degree Programs offer several benefits: streamlined admission from the undergraduate program to the graduate program, flexibility in concurrently enrolling in undergraduate-level and graduate-level courses in their senior year (at least 9 graduate level credits can be transferred to the graduate program); and eligibility for teaching and research assistantships.

Application to the Integrated Degree Program is open to APEC and AFBM undergraduates who:

• Have 90 credits completed or in progress
• Have the ability to complete at least 9 graduate-level credits during their senior year in addition to their remaining bachelor’s degree requirements, and
• Hold a cumulative GPA of 3.0 or higher.
• The following prerequisite courses must be completed by the end of the Spring semester of their Junior Year with a minimum grade of a C: APEC 3001 or ECON 3101, BA 2551 or STAT 3011, and MATH 1142 or [MATH 1271 and MATH 1272] or [MATH 1371 and MATH 1372].

For the online graduate school application, you will need the following items:

• Statement of Purpose (500-word limit): Please describe your research and career interests and clearly state you are applying for the IDP. 
• Diversity Statement (500-word limit): The Applied Economics Graduate Program and the University of Minnesota embrace the principle that diversity promotes excellence. Diversity, broadly defined, comes from many sources: backgrounds, identities, life experiences, abilities, and intellectual orientation. Our goal is to promote academic excellence supported by respect for others and enhanced by cultural and intellectual diversity in our workplace, classrooms, and research. Please share how you might contribute to and/or benefit from diversity in our community of scholars.
• Unofficial transcripts
• Three letters of recommendation, of which one letter is from an APEC faculty member who has agreed to be your graduate faculty advisor during your M.S. program

Full application instructions and the link to apply are found here .

Degree Progress

Students admitted to the Integrated Degree Program will complete and be awarded an undergraduate degree within 4 years for New High School (NHS) and 3 years for New Admitted (NAS) students, upon meeting the requirements for their undergraduate degree.

Students will complete a minimum of two semesters as a graduate student and a minimum of 30 graduate credit hours before completing the master’s program requirements.

You need a minimum of 30 graduate credit hours to complete your M.S. degree. You may choose to complete (A) a thesis while taking APEC 8777 (10 cr.) or (B) a Plan B project while taking APEC 8793 (4-6 cr.)

The B.S. and M.S. degrees must be completed in their entirety, with no courses shared between them. The graduate degree cannot be earned before the undergraduate requirements are satisfied. Admitted students who decide not to complete the M.S. degree are permitted to count credits originally planned for the graduate program toward their B.S. technical electives.

• Example 5 year course plan for B.S.APEC/M.S.APEC (PDF)
• Example 5 year course plan for B.S.AFBM/M.S.APEC (PDF)

Suggested Electives

A list of suggested electives include but are not limited to:

• APEC 5321 (3 cr.) Regional Economic Analysis
• APEC 5411 (3 cr.) Commodity Marketing (no credit if credit was received for APEC 3411)
• APEC 5451 (3 cr.) Food Marketing Economics (no credit if credit was received for APEC 4451W)
• APEC 5481 (3 cr.) Futures and Options Markets (no credit if credit was received for APEC 3481)
• APEC 5711 (3 cr.) U.S. Agricultural and Environmental Policy
• APEC 5751 (3 cr.) Global Trade and Policy
• APEC 5821 (3 cr.) Business Economics and Strategy
• APEC 5831 (2 cr.) Food and Agribusiness Marketplace
• APEC 5841 (3 cr.) Agricultural Cooperatives and Mutuals
• APEC 5990 Special Topics in Applied Economics
• APS 5103 (3 cr) Integration of Sustainable Ag Concepts
• ECON 5890 (3 cr.) Economics of the Health-Care System
• FSCN 5131 (3 cr) Food Quality for Graduate Credit
• FSCN 8318 (2 cr) Current Issues in Food Science
• MKTG 6090 (2 cr) Food Fight: Contemporary Challenges in Ag
• PA 5035 (1.5 cr.) Survey Research and Data Collection
• PA 5043 (2 cr.) Economic and Demographic Data Analysis
• PA 5113 (3 cr.) State and Local Public Finance
• PA 5204 (3 cr.) Urban Spatial and Social Dynamics
• PA 5722 (3 cr.) Economics of Natural Resource and Environmental Policy
• PUBH 6034 (3 cr.) Evaluation
• PUBH 6154 (3 cr.) Climate Change and Global Health
• PUBH 6832 (3 cr.) Economics of the Health Care System
• STAT 5021 (4 cr.) Statistical Analysis (no credit if credit was received for STAT 3011)
• STAT 5201 (3 cr.) Sampling Methodology in Finite Populations

More Information

• Find requirements for the AFBM undergraduate major in the University Catalog . To see an individualized Sample Plan of what the undergraduate portion of your Integrated Degree Program could look like, click on the “Integrated BS-AFBM/MS-APEC Sample Plan” link under the "view sample plan(s)" section on the right side of the page. 
• Find requirements for the APEC undergraduate major in the University Catalog . To see an individualized Sample Plan of what the undergraduate portion of your Integrated Degree Program could look like, click on the “Integrated BS-APEC/MS-APEC Sample Plan” link under the "view sample plan(s)" section on the right side of the page. 
• Find requirements for the APEC M.S. in the University Catalog . 
• For questions about the undergraduate portion of the Integrated Degree Program, please consult with your academic advisor or major coordinator . 
• For questions about the Graduate Program, please contact [email protected] . 

Information for Students Affected by Hurricane Milton

With Hurricane Milton making landfall, the University is offering accommodations to students affected by the storm.

To help assist our students affected by Milton, the University is offering the following accommodations:

• Students who are directly impacted by the hurricane and who are currently registered in courses for the Nursing Session 2 July, August, September or October 2024 terms have the option of receiving a free eight-week course extension without mentor approval; or, a 100% tuition credit for their course(s) to a future term. Affected students should submit a Request for Course Extension Form or a  Request for Course Withdrawal Form indicating “Hurricane Milton” as the reason for the request. Please note that TECEP exams in these terms cannot be extended, nor credited for tuition after the exam has been taken.
• Impacted students who are currently on a course extension for the July 2024 term can request a second eight-week extension on their current term at no additional cost.
• The University will follow the New Jersey State Guidelines for U.S. military students residing in or deployed to the affected region.

Request an Accommodation: Students affected by the hurricane and flooding who need an accommodation should contact the Office of the Registrar by email at [email protected] or by phone at 609-777-5680.

Accommodation requests should be submitted by Oct. 25. Requests after that date can be accommodated if the student provides documentation of the reason for the late request.

Doctoral Degrees

Elevate your skills, deepen your knowledge and take the next step in your future with a doctoral degree from Thomas Edison State University (TESU). Earning your doctoral degree can help prepare you to make a positive impact in your workplace or community. At TESU you’ll enjoy flexibility, mentorship and quality instruction as you earn top credentials in your chosen field of study.

It’s your time to lead, achieve and transform. A doctoral degree from TESU can help you reach the top of your field. You’ll enjoy the flexibility of our online programs, as well as the mentorship and quality instruction TESU is known for.

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Our Doctoral Programs

At TESU, we offer three doctoral programs: Doctor of Business Administration, Doctor of Nursing Practice and Doctor of Education.

Doctor of Business Administration (DBA)

Advance your career with a Doctor of Business Administration (DBA) degree. Our fully online doctoral degree program helps prepare you for high-level work as an executive, educator or consultant in two areas of study: Organizational Leadership or Human Resource Management.

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I was always an overachiever, and I always told myself I was going to get to the summit of education. ...Thomas Edison gave me the best platform to accomplish it. ...With the DBA, my career took flight that, without the DBA, I would not have.

Mimi Nkwepo, DBA ‘23

Doctor of Nursing Practice (DNP)

As the healthcare industry continues to grow and change, nurses like you play a critical role in advancing the quality and safety of patient care. A Doctor of Nursing Practice (DNP) degree from Thomas Edison State University helps prepare nurse leaders to improve patient outcomes, spur positive transformation in their organizations and translate research into practice.

Prepare yourself to lead at the highest level in your healthcare organization with our fully online doctoral degree program specializing in Systems-Level Leadership. Through mentored practice, you will enhance your skills in organizational leadership, economics and finance, healthcare policy, population-focused care and technology.

Learn More About the DNP

My DNP coursework helped me recognize gaps in nursing practice and identify available health information technology solutions.

Rocio Dela Riva, DNP ‘21

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Doctor of Education (Ed.D.)

This fully online Doctor of Education (Ed.D.) program enables students across a spectrum of executive, administrative and consultancy roles in industry, military and higher education to acquire the knowledge, competencies and skills necessary to advance in their careers and lead organizations.

The degree’s areas of concentration include human resources management, organizational consulting, healthcare management, industrial and organizational psychology and research methods.

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Doctor of Philosophy

A PhD program is often the result of lifelong learning and the pursuit of the pinnacle of the academic experience. The PhD or ‘Doctor of Philosophy’ is the highest level of academic qualification one can achieve. Through multi-semester data and research, students will publish a final thesis of their work and findings. Mines is the only institution in the world that offers doctoral programs in all five of the major earth science disciplines.

MS - Thesis (MS-T)

Master of Science

Thesis programs will involve multiple semesters of focus on data collection and a strong dedication to research. Upon completion, most students will submit a final paper with all findings to be published. This is typically the route that students will take when they are preparing for a PhD program.

MS Non-Thesis (MS-NT)

Non-thesis programs generally require a submission of a final project or capstone. Even though research will not be the primary focus of a non-thesis program, it is important to note almost all MS programs will have a research component but will rarely have an expectation of papers being published. This is a common degree program for working professionals who may not have the capacity to dedicate time to multi-semester research.

Certificate

A graduate-level certificate will utilize advanced, high-level courses without awarding a full degree. Often, certificates are a shorter time commitment with less cost. Earning this credential allows students to acquire specialized knowledge to help advance career goals, prepare for a graduate degree, meet licensing requirements and more. Certificates can be achieved along the way of pursuing a higher degree or independently on their own.

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Financial Economics MRes + MPhil/PhD

London, Bloomsbury and London, Canary Wharf

This is the programme information for 2024 entry

If you require details of this year's programme, Financial Economics MRes + MPhil/PhD (2025), click here

This is a joint programme between the UCL School of Management and the Department of Economics offering a unique education and research experience to give students an advanced understanding of financial economics. This highly selective programme provides students with the skills needed to conduct insightful and original research, preparing them for an academic career in the field.

UK tuition fees (2024/25)

Overseas tuition fees (2024/25), programme starts, applications accepted.

Applications closed

A late submission window closes on 5 April 2024. We advise those interested in the programme to apply before 31st January 2024, as those applying in the late submission window will only be considered if there are still places remaining.

• Entry requirements

Applicants must hold a distinction in a Master's degree in Economics (or closely related subject) or an overseas qualification of an equivalent standard. Applicants must demonstrate a high level of analytical and quantitative skills (such as in mathematics and statistics), evidenced by strong performance in relevant modules taken on previous degree programmes and/or through relevant standardised test performances (such as GRE Quantitative of at least 160). Submitting your GRE test result is encouraged but not compulsory and is only one of the components used to assess the strength of applications.

The English language level for this programme is: Level 2

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level.

Further information can be found on our English language requirements page.

Equivalent qualifications

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website .

International applicants can find out the equivalent qualification for their country by selecting from the list below. Please note that the equivalency will correspond to the broad UK degree classification stated on this page (e.g. upper second-class). Where a specific overall percentage is required in the UK qualification, the international equivalency will be higher than that stated below. Please contact Graduate Admissions should you require further advice.

About this degree

The MRes and PhD in Financial Economics is a joint programme between the UCL Department of Economics and the UCL School of Management. The UCL School of Management offers scholarships to cover tuition fees and living expenses of admitted students who apply by the January 2024 application window.

The MRes will firstly provide quantitative training in microeconomics, macroeconomics, econometrics, and finance. These will be taught in the context of cutting-edge research and relevant applications. Secondly, it will provide you with analytical frameworks and transferable skills that will allow you to identify relevant and promising research topics, present ideas in order to obtain feedback, and provide feedback yourself. 

The subsequent years (for students who progress from the MRes to MPhil) will focus on the skills you will need to run research projects to completion and to present these to various kinds of specialised audiences. Likewise, teaching skills will also be developed.

Who this course is for

We seek graduates who aspire to pursue academic careers in top business schools or departments of economics of world-class universities or in the research group of an international institution or a central bank.

What this course will give you

Our highly selective and small-sized PhD programme ensures that each student receives personal attention and guidance from our academic staff members throughout their doctoral study.

Unlike many PhD programmes in finance, our programme has a full anchor in economics and econometrics.

We offer a unique world-class environment with a home in Canary Wharf , the heart of London's modern financial district, and UCL's main campus in Bloomsbury, London's historical intellectual centre.

The foundation of your career

Students acquire rigorous academic and interpersonal skills to perform cutting-edge research in financial economics. This prepares them for academic and research-based careers in leading universities and research institutions

Employability

We expect our PhD graduates to be striving towards an academic career as a faculty member in a top business school or economics department or in the research group of an international institution or a central bank.

Throughout the programme, our students have the chance to interact with leading scholars around the world. This is facilitated by our active research seminar series and students' participation in leading academic conferences.

Teaching and learning

The programme is delivered through a combination of lectures, seminars, and class discussion based on case studies and other activities.

Student performance is assessed through simulations, presentations, coursework, group projects, class participation, and examinations.

Students will study 5 compulsory taught modules. A typical taught module is taught over two terms (2 x 10 weeks) with 4 hours of contact hours per week (3 hours of lecture and 1 hour of review session). In addition, students spend approximately 6-8 hours a week for each module on assessment and independent study to further develop the skills and knowledge covered in lectures and seminars.

Students will also undertake a substantial research project, which would usually start in Term 2 and be completed over the Summer.

The total number of weekly hours will vary according to the weekly activities being undertaken.

For a full overview of the programme structure please visit the UCL School of Management website .

Research areas and structure

The MRes programme consists of taught modules (Microeconomics, Macroeconomics, Econometrics, Real Analysis and Probability with Economics Applications), a hybrid module (Financial Economics) with taught components and research-based components, and a research project in the final part of the year. For the MRes project, you will work under supervision to design and carry out a substantial piece of original research. This enables you to gain a deep understanding of the entire research process.

Research environment

UCL School of Management and the Department of Economics Founded in 2007, UCL School of Management has forged a reputation for world-leading research in management studies with 95% of the School’s research deemed to be world-leading or internationally excellent, the second highest percentage of any business school in the UK, according to the 2021 REF . The PhD programme is an integral part of our School’s active and ambitious research environment where students receive rigorous academic training and personalised research mentorship.

The UCL Department of Economics has an outstanding international reputation in key areas of current research. The Department ranked top in the UK for research environment and outputs in the field of Economics and Econometrics in the 2021 REF .

Our research programme offers a unique education and research experience with the intent of preparing you for scholarly careers at the highest level. Our highly selective and small-sized programme ensures that you receive personal attention and an opportunity for guidance from our world-leading scholars. The close mentorship process forms the foundations of a successful academic career.

As a research student you will join a highly active research environment which involves frequent research seminars and visits by leading scholars worldwide, reading groups, brown bag seminars and panels in which PhD students and faculty members present and discuss their ongoing work. Such forums provide an excellent opportunity to receive critical constructive feedback on your research and to develop academic, generic and transferable skills.

The structure of the MRes/PhD Programme includes both a one-year MRes Degree and a four-year PhD Degree. Progression from year one (MRes) to year two (PhD) is subject to exceeding minimum marks for all MRes modules, exams, and final project as specified in the Programme Handbook. Students who fail to meet these criteria will not progress from MRes to PhD.

Students take a total of 180 credits in the MRes year. This is made up of the MRes Research Project (MSIN0255) and 75 credits of compulsory taught modules.

All modules in the MRes year are core modules, there are no optional modules.

• ECON0107 - Macroeconomics, 15 credits
• ECON0106 - Microeconomics, 15 credits
• ECON0108 - Econometrics, 15 credits
• ECON0118 - Real Analysis and Probability with Economic Applications, 15 credits
• MSIN0234 - Topics in Financial Economics, 15 credits
• MSIN0135 - MRes Financial Economics Research Project, 105 credits

Students will also have the option to take modules offered by other UCL Departments, such as Economics or Psychology, and intercollegiate modules.

If you require further information about any of the modules listed, please contact: [email protected] . 

Accessibility

Details of the accessibility of UCL buildings can be obtained from AccessAble accessable.co.uk . Further information can also be obtained from the UCL Student Support and Wellbeing Services team .

Fees and funding

Fees for this course.

The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Where the programme is offered on a flexible/modular basis, fees are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees .

Additional costs

This programme does not have any compulsory additional costs outside of purchasing books or stationery, printing, thesis binding or photocopying. 

Students may have the opportunity to participate in conferences in the UK and internationally. The UCL School of Management provides MRes/PhD students with an annual budget for conferences, which students will use to cover the travel, accommodation, food and other costs whilst at conferences, in line with UCL’s expenses policy.

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs .

Funding your studies

We offer fully funded MRes/PhD scholarships which covers all tuition fees, and includes an annual stipend of £25,000 which is tax-free, to all admitted students who have applied by the January 2024 deadline. This scholarship is open to all students (both UK and international).

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website .

CSC-UCL Joint Research Scholarship

Value: Fees, maintenance and travel (Duration of programme) Criteria Based on academic merit Eligibility: EU, Overseas

This programme is primarily a full-time PhD programme with the first year MRes.

We only offer a full-time programme with a single intake in September. Entrance is therefore every September.

The application window closes 31 January 2024 and a late submission window closes on 05 April 2024. We advise those interested in the programme to apply before 31 January 2024, as those applying in the late submission window will only be considered if there are still places remaining. Successful candidates who apply after this deadline may receive a scholarship subject to availability or will come with their own funding.

Please note that you may submit applications for a maximum of two graduate programmes (or one application for the Law LLM) in any application cycle.

Got questions? Get in touch

UCL School of Management

[email protected]

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