PhD program

The W. P. Carey PhD in Economics equips students for research and teaching and positions at top institutions of higher education in the world as well research positions in public agencies or private organizations. The program is relatively small in size, with about 40 full-time doctoral students in residence at any time. A low student-to-faculty ratio allows us to provide greater faculty attention and mentoring than larger programs. All PhD students are an integral part of the department involved in research, teaching and actively participating in seminar/workshop series. They are financially supported through teaching and research assistantships for five years. Stipends are highly competitive with any graduate program in the world.

Program of study

The PhD program provides rigorous training in microeconomic theory, macroeconomic theory, applied economics and econometrics. Additionally, you have the opportunity to select a primary area of specialization for study:

  • Macroeconomics
  • Economic Theory
  • Applied Microeconomics
  • Environmental and Resource Economics
  • Financial Economics
  • Econometrics

Recommended background

An undergraduate degree in Economics is not required to enter and successfully complete the PhD program. In past years, most applicants recommended for graduate admission had the following profile:

  • Proven independent research ability (e.g., honors thesis).
  • GPA of 3.5 or higher with consideration for the degree of difficulty of the course work.
  • Upper level mathematical course work, including real analysis, mathematical analysis, linear algebra, differential equations, advanced calculus and statistics with grades of A- minus or better.
  • GRE Quantitative scores ranging from the 85th to the 99th percentile.
  • Grades of A-minus or better in intermediate level theory courses (microeconomics, macroeconomics, econometrics) with a strong preference for honors or mathematical track versions of all three courses.
  • Advanced undergraduate or graduate-level course work in economics.

Contact us

Department of Economics
Office: CPCOM 412
Phone: 480-965-3531
Fax: 480-965-0748