The Department of Economics at Washington University has a strong reputation for preparing high-quality PhD students for academic positions as well as for private- and public-sector jobs. We are seeking qualified students from any field who possess strong analytical abilities in mathematics and statistics and who are willing to complete a challenging Doctor of Philosophy (PhD) degree in Economics. At this time, we do not offer a terminal Master of Arts (AM) in our program.
The department offers students financial support while they remain in good academic standing.
PhD in Economics
General Course Requirements
The PhD in Economics takes five years to complete and requires at least two years of courses in 500-level classes with a 3.0 grade-point average. Students may transfer up to 24 units of graduate credits completed elsewhere but are advised to make such a transfer only after consultation with the director of graduate studies.
Courses taken must include the following:
- Microeconomic Theory and Macroeconomic Theory: 12 units (Econ 501, Econ 502, Econ 503, Econ 504); and
- Quantitative methods and econometrics: 9 units (Econ 511, Econ 512, Econ 5161).
An Ideal Chronology of PhD Study
Summer Before the First Year (August)
- Mathematics Review and Statistics Review
|Fall Semester||Spring Semester|
|501 Macroeconomics I||502 Macroeconomics II|
|503 Microeconomics I||504 Microeconomics II|
|511 Quantitative Methods I||512 Quantitative Methods II|
|5161 Applied Econometrics|
- Preliminary exams in late August, retake preliminary exams (if necessary) in January
- Field courses
- Research paper proposal
- Complete research paper
- Field courses
- Dissertation proposal
- Write dissertation
- Prepare and present job market paper
- Enter the job market
- Finish and defend the dissertation
More information on degree requirements can be found on the Department of Economics website.