• Department of Economics
  • Postgraduate study
  • PhD Programme in Economics

PhD research topics

PhD conference

Applications are welcomed in all Economics topics. We particularly welcome applications from candidates with research interests in the following speciality areas of our research-active staff:

Behavioural Economics

  • Behavioural Health Economics and Policy
  • Behavioural Labour and Organisational Economics
  • Decisions under Risk and Uncertainty
  • Experimental and Behavioural analyses of markets
  • Charitable Behaviour
  • Analysis of Conflict and Conflict Resolution
  • Behavioural Welfare Economics (including subjective wellbeing)

Financial Economics and Household Finance

  • Banking and financial stability
  • Household portfolios
  • Household wealth inequality
  • Household saving
  • Household financial vulnerability and asset accumulation

Gender, Race and Inequality

  • Domestic violence
  • Discrimination and Wellbeing
  • Identity Economics (gender, ethnicity, inequality)
  • Wealth inequality and racial wealth gap
  • Affirmative Action Policies

Health Economics

  • Healthcare and demographics
  • Health, wellbeing and employment
  • Long-run impact of COVID
  • Aversion to inequality in multidimensional wellbeing
  • Health state valuation and stated preferences

Industrial Organization 

  • Competition Policy
  • Innovation, industrial policy and mixed markets
  • Networks and Regulation
  • Firms Productivity
  • Tax compliance and administration

International Economics and Development

  • Empirical development economics
  • Foreign aid and development finance institutions
  • Foreign Direct Investment and Economic Growth
  • Trade models with heterogeneous firms, trade gravity and productivity growth
  • Trade policies and public economics

Labour and Education Economics

  • Empirical studies on the relationships between labour, health and wellbeing
  • Education Economics
  • Gender differences in human capital accumulation
  • Labour market transitions of (young) workers
  • Social mobility
  • Vocational education
  • Wages, employment and contract type

Macroeconomics

  • Open Economy Macroeconomics
  • Business Cycles
  • Dynamic Stochastic General Equilibrium Modelling
  • Labour Market Dynamics
  • Search and Matching

Political Economy

  • Elections, political ideology, institutions and economic policy
  • Immigration: causes and consequences
  • Terrorism, public attitudes and behavioural outcomes
  • Rent-seeking and other contests

Time Series Econometrics

  • Econometric detection of bubbles and crashes
  • Specification testing and forecasting in non-linear Econometric/Time-Series models
  • Theoretical econometrics and statistical inference

Urban and Environmental Economics

  • Environmental economics and environmental policy 
  • Environmental reporting
  • Real estate economics
  • Local labour markets
  • Agglomeration externalities
  • Spatial distribution of economic activities and innovation
  • Transport economics
  • Local economic impacts and drivers of internal and external immigration 
  • Local and regional determinants of social mobility and inequality
  • Levelling-up: drivers of local productivity and growth

Related information

How to apply for a PhD

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  • How to Prepare for a Ph.D. in Economics

First Steps

  • How to prepare for a PhD in Economics
  • The key thing you need to know is that PhD programs in economics are highly mathematical and the mathematics required by both our Economics and Management Science degrees is not enough to get you into a top PhD program. To be a competitive applicant, you will need to take some upper division mathematics classes such as how to write proofs (Math 109), linear algebra (Math 102), real analysis (Math 140A or 142AB), probability (Math 180A) and statistics (Math 181AB).  See more below.
  • Graduate schools care a lot about the difficulty and content of the classes you’ve taken. Getting a high GPA won’t necessarily get you into a good program unless they are the right classes.
  • If you want to get into a top PhD program, it is especially important to take real analysis (Math 142AB or Math 140ABC—likely Math 140A is enough) and do well in the class. Real analysis teaches you how to write and understand proofs.  These skills will be important to your success in first-year graduate courses as well as in your research career.  Since real analysis tends to be a difficult course everywhere, your grade in this course is often taken as a key signal of your ability to succeed in a PhD program by admissions committees. If possible, try to take this course when you don’t have a lot of other commitments so that you can devote a significant amount of time to this course, learn the material well and get a good grade.
  • Other upper division mathematics and statistics courses are also helpful. In particular, understanding linear algebra is important in graduate-level econometrics courses. Therefore, taking Math 18 and Math 102 (lower and upper division linear algebra courses) can give you a strong foundation in these topics.
  • It is also important to have a strong foundation in statistics and probability theory. You will learn a lot of this in the econometrics sequence (if you are interested in pursuing graduate school, you should consider taking the honors classes 120AH-BH-CH). Another class to add to your statistics foundation would be a course in probability (Math 180A).
  • In general, if you are interested in going to graduate school in Economics, you should seriously consider majoring in Joint Mathematics-Economics. This major will undoubtedly increase your workload, but it will both make you a more attractive applicant for graduate school and give you the mathematical foundation needed to succeed in graduate school. Students who took many math classes in while in high school should consider double majoring in math and economics.
  • If you have exhausted your undergraduate opportunities to take classes in math and economics, consider taking a graduate class. Taking graduate courses in economics or mathematics can send a strong signal to admissions committees. This can be slightly risky, however. Undergraduates may be at a disadvantage as graduate students tend to form study groups for first year courses. If you decide to take a graduate course, you should plan on devoting A LOT of time to the course.  Again, it is extremely important that you to do well in a graduate class.
  • Coding is an essential skill to have in graduate school. Therefore, taking courses with a data analysis and coding component (for example, Econ5/Poli5D: Introduction to Social Data Analytics, Econ 112: Macro Data Analysis and Econ 121: Applied Econometrics) can help develop your coding skills. The most popular statistical packages in economics are STATA, R, and MATLAB. If you have the time, it may also be a good idea to take an introduction to programming course from the computer science department.
  • Courses that have a research component (Econ 191A-B and Econ 199) will also be invaluable preparation for graduate school. By developing your own research topic, you can learn about each step of the research process: from topic selection, background research, data management all the way to analysis and writing. Selecting an empirical topic is especially encouraged as it will give you valuable experience cleaning and analyzing data and getting more comfortable with various data analysis software. This might also be a good indication of whether a career in research is a good fit for you personally. Finally, the Professor teaching Econ 191AB will get to know you and how you tackle problems very well and so be able to write the kind of informed letter of recommendation that graduate schools like to see.

To summarize, in order to prepare for graduate school, it is extremely important to take the right courses and do well in them. To be competitive, you will need to have a record of performing well in difficult mathematics and economics courses.  

  • Why earn a PhD in Economics?
  • Talking to a UCSD grad: ECONnected

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.   

Economics Department lobby

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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PhD in Economics

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Our PhD Program in Economics is widely recognized for our faculty, whose insights have changed the course of modern-day economic research.

The Chicago School of Economics. It all started here at the University of Chicago.

Fields of specialization in the Economics Stevens Doctoral Program include price theory, market design, industrial organization, labor economics, public economics, health economics, and financial economics. Doctoral students can take advantage of a wide range of course offerings in the Kenneth C. Griffin Department of Economics at the University of Chicago and at Chicago Booth.

Our Distinguished Economics Faculty

Chicago Booth faculty have been responsible for many of the pioneering economic concepts that inform today’s global businesses and policymaking. And they’ll be your teachers, mentors, and research collaborators. Below you’ll find our microeconomics faculty. For our macroeconomics faculty, visit the Booth faculty directory  and select “Macro/International Business” under “Academic Area.”

Milena Almagro

Milena Almagro

Assistant Professor of Economics, Liew Family Junior Faculty Fellow, George G. Rinder Faculty Fellow

Marianne Bertrand

Marianne Bertrand

Chris P. Dialynas Distinguished Service Professor of Economics

Eric Budish

Eric Budish

Paul G. McDermott Professor of Economics and Entrepreneurship and Centel Foundation/Robert P. Reuss Faculty Scholar

Christopher Campos

Christopher Campos

Assistant Professor of Economics

Rebecca Dizon-Ross

Rebecca Dizon-Ross

Associate Professor of Economics and Charles E. Merrill Faculty Scholar

Alexander Frankel

Alexander P. Frankel

Professor of Economics

Robert H. Gertner

Robert H. Gertner

Joel F. Gemunder Professor of Strategy and Finance; John Edwardson Faculty Director Rustandy Center for Social Sector Innovation

Austan Goolsbee

Austan D. Goolsbee

Robert P. Gwinn Professor of Economics

Richard Hornbeck

Richard Hornbeck

V. Duane Rath Professor of Economics and Neubauer Family Faculty Fellow

Anders Humlum

Anders Humlum

Assistant Professor of Economics and Fujimori/Mou Faculty Scholar

Emir Kamenica

Emir Kamenica

Richard O. Ryan Professor of Economics

Jacob Leshno

Jacob Leshno

Associate Professor of Economics and Robert H. Topel Faculty Scholar

Andrew McClellan

Andrew McClellan

Jack Mountjoy

Jack Mountjoy

Assistant Professor of Economics and Robert H. Topel Faculty Scholar

Sendhil Mullainathan

Sendhil Mullainathan

Roman Family University Professor of Computation and Behavioral Science

Matthew J. Notowidigdo

Matthew Notowidigdo

David McDaniel Keller Professor of Economics and Business and Public Policy Fellow

Canice Prendergast

Canice Prendergast

W. Allen Wallis Distinguished Service Professor of Economics

Daniel Rappoport

Daniel Rappoport

Elisa Rubbo

Elisa Rubbo

Assistant Professor of Economics and Liew Family Junior Faculty Fellow

Lars Stole

David W. Johnson Professor of Economics

Chad Syverson

Chad Syverson

George C. Tiao Distinguished Service Professor of Economics

Richard H. Thaler

Richard H. Thaler

Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics

Thomas Wollmann

Thomas Wollmann

Associate Professor of Economics and William Ladany Faculty Scholar

Alumni Success

Alumni have written dissertations in industrial organization, labor economics, microeconomics, and other related areas. Upon graduation, they go onto Career Outcomes in academics, government, and industry.

Nick Tsivanidis, PhD '18

Assistant Professor in the Real Estate Group Haas School of Business, UC Berkeley Nick researches topics related to urbanization in developing countries. His current interests center on policy issues around transport and housing, with projects in India, Nigeria, Colombia and Brazil. He earned his PhD in economics.

A Network of Support

Doctoral students at Booth have access to the resources of several high-powered research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Becker Friedman Institute for Economics Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

George J. Stigler Center for the Study of the Economy and the State Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

Fama-Miller Center for Research in Finance Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

Center for Research in Security Prices CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

The Kent A. Clark Center for Global Markets Enhancing the understanding of business and financial market globalization, the Clark Center for Global Markets positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

Scholarly Publications

Chicago Booth is home to some of the most prestigious academic journals in economics.

The Journal of Labor Economics presents international research on the relationship between labor and the economy.

The Journal of Law and Economics has published some of the most influential and widely cited articles on a broad range of economic topics.

The Journal of Political Economy , one of the oldest economics journals in the world, focuses on the relationship between government and the economy.

Spotlight on Research

Our faculty and PhD students continually produce high-level research. The Chicago Booth Review frequently highlights their contributions in economics.

Why Medical Tourism Could Be Good Policy

Rather than investing in putting more medical facilities in remote areas, it could be more effective for the government and private health-insurance companies to pay for patients to visit healthcare facilities.

Benedict Guttman-Kenney's National Bureau of Economic Research (NBER) Dissertation Fellowship on Consumer Financial Management 

The NBER fellowship will primarily support Guttman-Kenney's research in the economics of credit information.

How Should Economics Shape Policy?

Chicago Booth and the University of Chicago’s Lars Peter Hansen and Kevin M. Murphy discuss the challenges of translating academic research into policy advice.

Inside the Booth PhD Experience

Nick Tsivanidis, PhD ’18, talks about the culture of interdisciplinary study he found at Booth.

Nick

Video Transcript

Nick Tsivanidis, ’18: 00:03 My PhD thesis was about how commute costs shape economic organization in cities. Billions of people over the next 50, 100 years, they're going to be moving into mostly developing cities. Governments are going to spend huge amounts of money on providing new infrastructure to try and accommodate them. My project had both macro and applied micro elements. One of the benefits of Booth is that you have access to people from a wide range of areas who are very happy to encourage you to work on interdisciplinary topics.

Nick Tsivanidis, ’18: 00:38 I've always been interested in development and in particular how cities and countries can use evidence-based policy to try and improve welfare of their citizens. I've decided that pursuing a PhD would allow me to research and help translate that research into policy. What attracted me to the PhD program here at the University of Chicago Booth School of Business was this culture of interdisciplinary study. People at Chicago certainly aren't scared or will shy away from trying to think at the intersection of different areas. This is where a lot of very fruitful and productive new research actually takes place, which is at the border of frontiers. That really attracted me to come here.

Current Economics Students

From the effects of government regulation on economies to the impact of urban transit infrastructures, our PhD students examine a wide range of economic issues. When they graduate, they go on to positions at some of the top universities and companies in the world.

Current Students

Olivia Bordeu

Franco Calle

William Cockriel

Emily Crawford Arshia Hashemi

Paulo Henrique de Alcantara Ramos

Camille Hillion

Benedict Guttman-Kenney

Tyler Jacobson

Nidhaanjit Jain

Pauline Mourot

Lucy Msall Jeffrey Ohl

Fern Ramoutar

Pengyu Ren Gabriele Romano

Lillian Rusk

Christoph Schlom

Karthik Srinivasan

Jorge Tello Garza

Emily (Emma) Zhang

Program Expectations and Requirements

The Stevens Program at Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year. For details, see General Examination Requirements by Area in the Stevens Program Guidebook below.

Download the 2023-2024 Guidebook!

phd in economics topics

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School of Economics

What topics can I study?

There is a broad range of topics that you can study for your PhD in Economics. This page contains some examples of areas we cover. Staff Profiles also give information on research areas covered by specific members of faculty.

EconTopics

We offer supervision on a range of topics in economics from social and behaviour economics to game theory and contract theory, from sports economics and neuroeconomics to health economics and family economics, from search and matching and international economics to political conflict and occupational mobility. Our strengths, in particular, are in:

  • Economic Theory (contract theory, game theory, micro and macro)
  • Labour Economics (micro and macro)
  • Applied Econometrics (micro, macro, health and education)
  • Behavioural and Experimental Economics

The ability to match your topic with our supervision team is equally as important as your topic. We will not admit a student where we cannot provide the very best supervision. Therefore, you should think carefully about whether your topic matches our research interests. You will be asked to address this during the application process.  The School is committed to providing the best possible experience to our PhD students, this can only be done by ensuring students receive the very best supervision and support.

If, before applying, you would like to check whether we can offer supervision in your proposed area of research, then please contact us by completing the supervision contact form .

To help you see the sorts of topics that you could study here at Edinburgh, the following list of topics with suggested reading may help. It is intended to be indicative rather than exhaustive or prescriptive. We encourage all applicants to visit our academic staff list and the profiles of our current PhD students to get a flavour of the research topics we can offer.

Agricultural Productivity

Developing countries are typically characterised by large agricultural employment shares, and low labour productivity in agriculture relative to non-agriculture. This is an old topic that has received renewed interest recently with the advent of macroeconomic models featuring heterogeneity in agriculture and embedding agriculture into the aggregate economy.

  • Douglas Gollin, Steven Parente, and Richard Rogerson (2002). “The Role of Agriculture in Development.” American Economic Review.
  • David Lagakos and Michael Waugh (2013). “Selection, Agriculture, and Cross-Country Productivity Differences. American Economic Review.
  • Tasso Adamopoulos and Diego Restuccia (2014). “The Size Distribution of Farms and Agricultural Productivity Differences.” American Economic Review.

Explaining trade growth

Quantitative trade models struggle to account for the growth of world trade in the period 1950-­?2010. Several extensions of quantitative trade models have been proposed to solve this “puzzle”. All of them are partially successful on their own, but they have not been explored jointly to determine how much of the puzzle remains.

  • Zymek, R., 2014. “Factor Proportions and the Growth of World Trade”, Journal of International Economics, forthcoming.
  • Yi, K.-M., 2003. “Can Vertical Specialization Explain the Growth of World Trade?,” Journal of Political Economy.Bridgman, B., 2008.
  • “Energy Prices and the Expansion of World Trade,” Review of Economic Dynamics.

Firms and Aggregate Productivity

A large fraction of the variation in aggregate productivity across the world can be traced back to differences in the evolution and organization of firms. Firms differ in their access to credit, quality of management, innovation, factor choices, etc. Current macroeconomic models are a useful tool to determine the optimal distribution of firms and from there measure the impact of misallocation within firms as well as across firms. In particular, they can be used to study the effect of economy-specific policies, institutions, and endowments on the aggregate economy through the evolution of firms.

  • Hugo Hopenhayn (1992). “Entry, Exit, and Firm Dynamics in Long Run Equilibrium.” Econometrica.
  • Francisco Buera, Joseph Kaboski and Yongseok Shin (2011). “Finance and Development: A Tale of Two Sectors.” American Economic Review.
  • Nicholas Bloom, Raffaela Sadun, and John Van Reenen (2012). “The Organization of Firms Across Countries.” Quarterly Journal of Economics.
  • Jan Grobovsek (2014). “Managerial Delegation, Law Enforcement, and Aggregate Productivity.” Mimeo.

Intermediate Inputs and the Macroeconomy

Distinct economic sectors are cross-linked through the exchange of intermediate inputs, which are important production factors that are typically ignored when sectoral output is defined by value added. As economies differ substantially in their relative sectoral TFP levels, these differences feedback non-trivially into other sectors. There is scope to improve our understanding of the effect of sector-specific distortions on aggregate productivity via the incorporation of intermediate inputs.

  • Charles Jones (2011). “Intermediate Good and Weak Links in the Theory of Economic Development.” American Economic Journal: Macroeconomics.
  • Chang-Tai Hsieh and Peter Klenow (2007). “Relative Prices and Relative Prosperity.” American Economic Review.
  • Jan Grobovsek (2013). “Development Accounting with Intermediate Goods.” Mimeo.

Costs of sovereign default

The costs of sovereign default are important for our understanding of why countries repay their foreign debts. A recent literature has started to explore the economic and legal costs of sovereign default empirically but there is still a lot of scope for data?driven projects in this area.

  • Ugo Panizza, Federico Sturzenegger, and Jeromin Zettelmeyer, 2009, “The Economics and Law of Sovereign Debt and Default” Journal of Economic Literature.
  • Bulow, J., and K. Rogoff, 1989, “A Constant Recontracting Model of Sovereign Debt,” Journal of Political Economy.

Information transmission in principal-agent models

Information is fundamental to rewards and punishments. An important question in principal-agent models is what information is created, communicated, hidden, fabricated, verified, or destroyed.

  • Clausen, A., 2013. “Moral Hazard with Counterfeit Signals” mimeo.
  • Townsend, R. M., 1979. Optimal contracts and competitive markets with costly state verification, Journal of Economic Theory.
  • Crocker, J., and Morgan, J., 1998. Is honesty the best policy? Curtailing insurance fraud through optimal incentive contracts. Journal of Political Economy.

Two-sided matching in labour markets with heterogeneous agents

With heterogeneous agents on the both sides of the market it is possible to address not only unemployment, but also match quality and therefore whether government interventions such as unemployment benefits would improve matching.

  • Eeckhout, J. and P. Kircher, 2010, Sorting and Decentralized Price Competition, Econometrica.
  • Shimer, R., and L. Smith, 2000. Assortative Matching and Search, Econometrica.

Two-sided matching

  • Hopkins, E. and V. Bhaskar, (2014): “Marriage as a Rat Race: Noisy Pre-Marital Investments with Assortative Matching”. Mimeo.
  • Chakraborty, A., A. Citannay and M. Ostrovskyz (2007): "Two-sided matching with interdependent values," mimeo.
  • Clark, S., (2006). The Uniqueness of Stable Matchings, Berkeley Journal in Theoretical Economics.
  • Greenwood, J., N. Guner, G. Kocharkov, C. Santos (2014): “Marry Your Like: Assortative Mating and Income Inequality” NBER Working Paper.

Housing Markets

House prices and house sales are positively correlated. Yet time on the market is negatively correlated with prices. Search theory is a natural paradigm to study housing markets since it captures the illiquidity of houses and the fact that the degree of liquidity may vary with market conditions.

  • Díaz, A. And Jerez, B. (2013), House Prices, Sales, and Time On The Market: A Search-Theoretic Framework. International Economic Review.
  • Moen, E. R. and P.T., 2014. "Buying First or Selling First in Housing Markets," CEPR Discussion Papers.

Directed Search

In directed search models, workers do not encounter firms completely at random but try to locate those posting attractive positions. Age, experience and employment position of a worker will all help determine a worker’s optimal search strategy.

  • Menzio,G., I. Telyukova and L. Visschers (2012) “Directed Search over the Life Cycle”, mimeo.
  • Galenianos, M. and Kircher, P. (2009) Directed search with multiple job applications. Journal of economic theory.
  • Mortensen, D., and C. Pissarides. 1994. “Job Creation and Job Destruction in the Theory of Unemployment.” Review Economic Studies.
  • Bagger, J., F. Fontaine, F. Postel-Vinay and J.-M. Robin, 2014, “Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics”, American Economic Review.

Health Economics

How does economic activity impact health and how does health affect economic activity. For example, it has been found that unemployment may cause depression, suicide, and bad health outcomes in general. How does this affect other members of the family? If the primary earner is unemployed, does this translate to worse health outcomes / health behaviours of the family members? How does life expectancy impact on consumption decisions for durable and other goods?

  • Kuhn, A., R. Lalive, J. Zweimüller (2009): “The public health costs of job loss”, Journal of Health Economics.
  • Bíró, A. (2013): “Subjective mortality hazard shocks and the adjustment of consumption expenditures”, Journal of Population Economics.
  • Cutler, D., and E. Glaeser. (2005): “What Explains Differences in Smoking, Drinking, and Other Health Related Behaviors?”, American Economic Review.

Information design

There are two ways of creating incentives for interacting agents to behave in a desired way. One is by providing appropriate payoff incentives, which is the subject of mechanism design. The other is by choosing the information that agents observe: information design. Much work has been done on mechanism design. Information design is a more recent topic of interest.

  • Taneva, I. (2014): “Information Design” working paper.
  • Kamenica, E. and M. Gentzkow (2011): “Bayesian Persuasion”, American Economic Review.

The effect of political and economic institutions/outcomes on culture/beliefs

While most works in economics takes preferences as exogenously given, recent evidence suggests that personal experiences have the potential to shape certain parameters (e.g. people growing up during a recession being more risk averse in their investments). Meanwhile, the proposed effects of culture (i.e. individualist versus collectivist) on political and economic institutions beg the question of whether culture/beliefs themselves can be influenced by institutions such as curriculum and media.

  • Gorodnichenko Y., and G. Roland, 2014: Culture, Institutions and Democratisation. Mimeo.
  • Cantoni, D., Chen, Y., Yang, D. Y., Yuchtman, N. and Zhang, Y. J, (2014), Curriculum and Ideology.

Information Disclosure in Auctions

Much work has been done on auctions and auction design. An important topic in auction theory is the disclosure of information.

  • Ganuza, J-J. and J. S. Penalva (2010): “Signal Orderings Based on Dispersion and the Supply of Private Information in Auctions”, Econometrica.
  • Eso, P. and B. Szentes (2007): “Optimal Information Disclosure in Auctions and the Handicap Auction”, Review of Economic Studies.

Information transmission in games

Is there a trade-off between the quality and quantity communication when respondents have a strategic incentive to misreport?

  • K. Kawamura (2013): Eliciting Information from a Large Population, Mimeo.

Dynamic contracting

Relational contracting between two or more agents, with and without complete information is an important topic for understanding how investment and transactions within a relationship change over time.

  • Thomas, J. and T. Worrall (2014): “Dynamic Relational Contracts under Complete Information”, Mimeo.
  • Clementi, G.L. and H. A. Hopenhayn (2006): “A Theory of Financing Constraints and Firm Dynamics“, The Quarterly Journal of Economics.
  • M. Halac (2012): “Relational Contracts and the Value of Relationships,” American Economic Review.

Wage Setting

An important topic for macroeconomics is to understand how wages are set over the cycle and how wages evolve over time and how that interacts with productivity and unemployment.

  • Snell, A., and J. Thomas, (2010): “Labour Contracts, Equal Treatment, and Wage-Unemployment Dynamics” AEJ: Macroeconomics.

Global Games

Global games can be applied to understand financial and macroeconomic problems, in which agents may be prone to self-fulfilling panics, such as in bank runs.

  • Sakovics, J. and J. Steiner (2012), “Who Matters in Coordination Problems”, American Economic Review.
  • Morris , S.and H. Shin, (2003): “Global Games: Theory and Applications”, in: Dewatripont, M., Hansen, M., Turnovsky, S. (Eds), Advances in Economics and Econometrics (Proceedings of the Eighth World Congress of the Econometric Society), Cambridge University Press.

Inequality, relative income, status and economic growth

How does risk-taking vary with gender, relative position and inequality? How does it impact on economic performance?

  • Hopkins, E. and T. Kornienko (2004): “Running to Keep in the Same Place: Consumer Choice as a Game of Status”, with Tatiana Kornienko, American Economic Review.
  • E. Hopkins (2014): “Inequality, Gender and Risk-Taking Behaviour:”, Mimeo.

Imperfect competition among traders

How do sellers compete in attracting buyers? How do buyers decide where and what to bid? There are many ways of thinking about this problem, some ideas can be found in the following:

  • Burguet, R. and J. Sákovicsz (2014): “Bertrand and the long run”, Mimeo.
  • De Fraja, G. and J. Sákovicsz (2012) “Exclusive Nightclubs and Lonely Hearts Columns: Non-monotone Participation in Optional Intermediation” Journal of Economic Behavior and Organization.
  • J, Sákovics (2014): “Price formation in a matching market with targeted offers” Games and Economic Behavior.
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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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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.

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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.

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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.

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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, michael ostrovsky, garth saloner, yuliy sannikov, kathryn shaw, andrzej skrzypacz, paulo somaini, juan carlos suárez serrato, takuo sugaya, 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, an economic framework for vaccine prioritization, pricing power in advertising markets: theory and evidence, career: a foundation model for labor sequence data, recent insights by stanford business, a.i. can help “personalize” policies to reach the right people, stanford gsb faculty share their holiday reading lists, 10 of our favorite stories about careers and success of 2023, placement director.

phd in economics topics

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Ph.D. Program Preparation

A PhD in economics is a research degree. Students should pursue this degree if they are interested in a career answering questions on issues from health to monetary policy to development using economic models and/or data. Although the requirements of the economics degree at Yale will give you a good foundation for graduate studies, most Ph.D. programs expect students to have taken additional courses, particularly in statistics and mathematics.

Mathematics. Most graduate programs expect familiarity with multivariate calculus (for example, Math 120), linear algebra (Math 222, or even better, a proof-based course such as 225 or 226) and real analysis (Math 255 or 256). More advanced mathematics work in linear algebra, differential equations, analysis and other proof-based courses is useful preparation for graduate work.

Econometrics and Statistics.  It is strongly recommended that students take at least two semesters of econometrics. More advanced courses in econometrics (for example financial time series or applied microeconometrics) , or in probability, statistics and stochastic processes (offered in the math or statistics departments) are useful preparation for graduate work.

Economic Theory.  Although the more mathematical theory courses (Econ 125, 126, 350, and 351) are not required for admission to graduate school, taking one or more of them gives extra preparation and exposes students to the kind of course material they can expect in graduate school.

Research Assistance. Working as a research assistant to an economist on campus  or off campus , provides excellent exposure to the type of work that PhD economists do.

Senior Essay.  The independent research experience involved in writing a senior essay is extremely valuable as preparation for graduate school.

Additional Resources.  Each year the department has an information session for undergraduate students interested in pursuing a PhD. The slides from the most recent meeting are here . The American Economic Association (AEA) has an informative section on Preparing for Graduate School  to help students wade-through the process of a terminal degree in economics.   This article in the AEA annual newsletter, Committee on the Status of Women in the Economics Profession , gives a good overview of getting into and finishing a PhD program.

AEA Summer and Scholarship Programs .  Since 1974, the AEA Summer Training Program and Scholarship Program have increased diversity in the field of economics by preparing talented undergraduates for doctoral programs in economics and related disciplines. AEASP is a prestigious program that enables students to develop and solidify technical skills in preparation for the rigors of graduate studies. As many as 20% of PhDs awarded to minorities in economics over the past 20 years are graduates of the program.

All students receive 2 months of intensive training in microeconomics, math, econometrics and research methods with leading faculty. At 3 credits per class, students have the opportunity to earn 12 college credits.

Lindner College of Business » Programs » Graduate Programs & Certificates » PhD Programs » Economics

PhD in Economics

The PhD in Economics program offers a thorough grounding in the basic tools of economics, statistics, and mathematics through a series of core courses followed by a series of well-defined seminars that cover areas of specialization within economics.

In addition to gaining basic analytical tools, candidates learn to develop economic intuition into economic problems and acquire the necessary mind-set to teach and conduct independent research as a university professor.

The curriculum consists of four components: required courses, an independent research paper, a comprehensive exam, and a dissertation.

The PhD in Business Administration consists of a core sequence of classes in a variety of business fields, and an area of concentration consisting of a minimum of 18 hours of classes within a particular field.

The Economics concentration consists of two semesters of microeconomic theory, two semesters of econometrics, one semester of macroeconomic theory, and one semester of mathematical economics. Students will take an additional two-semester seminar sequence in an area of specialization within economics.

Course requirements

Students complete a program of study that leads to competency in three areas: quantitative methods, economics, and a subfield of specialization within economics. The requirements of the program of study are typically satisfied by completing 18 courses in the first two and a half years of the program. Required courses include seven courses in quantitative methods and econometrics, six in economics, and several electives. In some cases, coursework prior to entering the program may be substituted for required courses.

Research paper

Students are expected to engage in research early in the program. All students work at least part-time as research assistants during the first two years of the program. By the end of their second year, students are required to submit a research paper as part of the ECON 9099: Doctoral Special Topics in Economics seminar.

Comprehensive examination

Satisfactory performance on a written comprehensive examination marks the student's transition from coursework to full-time thesis research. The examination is intended to allow the student to demonstrate substantial knowledge of economics, econometrics and quantitative methods.

The candidate will have completed most course work, including all economics coursework, and submitted a satisfactory research paper prior to taking the comprehensive examination.

Dissertation

The doctoral dissertation is expected to be a substantial, significant and original contribution to knowledge. It is prepared under the guidance of a thesis committee of three or more faculty members (including one from outside the Economics department) selected by the candidate in consultation with his or her thesis advisor. Early in the process, the candidate submits a thesis proposal. The proposal is presented in a seminar to which the economics faculty and doctoral students are invited. The purpose of the presentation is to give the student an opportunity to hear the suggestions and comments of members of the UC economics community while the research plan is still fluid.

A thesis-defense seminar, open to the entire University of Cincinnati academic community, is held when the research is completed.

Required coursework

*Many prerequisite courses can be waived for students with master’s degrees in business disciplines.

Required introductory courses

  • Introduction to Research and Teaching: taken the first semester in the program.
  • Business Core: if you do not have an MBA degree or you have not satisfied the Basic Business Knowledge (BBK) requirements, you are required to become familiar with the basic body of knowledge (e.g, marketing, management, and accounting). Many of these courses can be waived if you have a master's degree in a business discipline.

Core quantitative methods (five courses)

  • Probability Models (BANA 7031)
  • Statistical Models (BANA 7041)
  • Econometrics I and II (9010 and 9011)
  • Mathematical Economics (9018)

Typical PhD electives (five courses)

  • Forecasting/Time Series Analysis
  • Asset Pricing Theory
  • Foundations of Finance
  • Corporate Finance Theory
  • Real Estate Analysis
  • SAS Programming
  • Data Mining
  • Financial Mathematics I and II
  • Applied Probability and Stochastic Processes
  • Linear Algebra

Economics seminars (six courses):

ECON 9019: Advanced Macroeconomic Theory

  • Macroeconomic theory taught at the PhD level. Three credit hours.

ECON 9020: Advanced Microeconomic Theory I

  • Microeconomic theory taught at the PhD level. This course introduces students to consumer theory, producer theory, industrial organization, game theory, risk and uncertainty, general equilibrium analysis and welfare economics. Three credit hours.

ECON 9021: Advanced Microeconomic Theory II

  • Microeconomic theory taught at the PhD level. A continuation of ECON 9020. Three credit hours.

ECON 9022: Advanced Topics in Econometrics I

  • Econometric theory taught at the PhD level. This course covers the theory of econometrics including coverage of the empirical methodologies used in testing and investigating economics topics, and empirical examinations of important economic issues. Three credit hours.

ECON 9030: Advanced Topics in Economics I

  • This course introduces students to current economic research. Each topic will be addressed in three respects: 1) commonly used empirical methodologies; 2) main empirical findings; and, 3) the relation between empirical research and theory. Three credit hours.

ECON 9031: Advanced Topics in Economics II

  • This course covers a series of selected research topics that are not currently addressed within the department's other semester-length courses. Representative topics that may be covered include urban and regional economics, labor economics, industrial organization, real estate economics, and public finance. Three credit hours.

ECON 9099: Doctoral Special Topics in Economics

  • Most students take this course during their second year in the program. In this colloquium the student develops an independent, original research idea under the supervision of one or more faculty mentors. During the course the student carries out all the theoretical analysis and empirical tests required to convert their research question into an original paper. The colloquium culminates with the circulation of the finished research paper and a professional presentation of the research to the entire faculty. Three credit hours.

Names of Lindner faculty appear in bold . Names of Lindner PhD candidates are underlined .

Cornwall Gary J., Jeffrey A. Mills , Beau Sauley , and Huibin Weng . “Predictive Testing for Granger Causality via Posterior Simulation and Cross Validation.” Advances in Econometrics, forthcoming.

Jeffrey Strawn , Jeffrey Mills , Gary Cornwall , Sarah Mossman, Sara Varney, Brooks Keeshin, Paul Croakin,  (2018). Buspirone in Children and Adolescents with Anxiety:  A Review and Bayesian Analysis of Abandoned Randomized Controlled Trials. Journal of Child and Adolescent Psychopharmacology , 2-9.

Chang, L.V ., Shah, A.N., Hoefgen, E.R., Auger, K.A., Weng, H ., Simmons, J.M., Shah, S.S., Beck, A.F. (2018), “The economic burden of lost earnings and non-medical expenses of pediatric hospitalizations”, Pediatrics, Volume 142, number 3.

Strawn, J. R., Mills, J. A ., Sauley, B. A ., & Welge, J. A.. (2018) "The impact of antidepressant dose and class on treatment response in pediatric anxiety disorders: a meta-analysis." Journal of the American Academy of Child & Adolescent Psychiatry 57.4: 235-244.

Jeffrey Strawn, Eric Dobson, Jeffrey Mills , Gary Cornwall , Dara Salosky, Boris Birmaher, Scott Compton, John Piacentini,  (2017). Placebo Response in Pediatric Anxiety Disorders:  Results from the Child/Adolescent Anxiety Multimodal Study. Journal Adolescent and Child Psychopharmacology, 501-508.

Cornwall, Gary , and Olivier Parent ,  (2017). Embracing Heterogeneity:  The Spatial Autoregressive Mixture Model. Regional Science and Urban Economics , 148-161.

Cornwall, Gary , Changjoo Kim, and Olivier Parent (2017). “At the Frontier Between Local and Global Interactions in Regional Sciences.” Regional Research Frontiers-Vol. 2, pp. 141-149. Springer, 2017.

PhD in Economics

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  • Center for Neuroeconomics Studies
  • Claremont Institute for Economic Policy Studies

Computational Justice Lab

Our PhD program promotes practice-based scholarship that embraces the scientific method to better understand how people and societies make decisions.

Students are exposed to cutting-edge research in international economics and behavioral and applied microeconomics. Students are encouraged to collaborate with top scholars impacting the field today. Because we are an all-graduate student program, we mentor our students closely and prepare them for success in a competitive and fast-changing world. We have a long history of both influential research and of training students for careers in academia, government, and the private sector.

Program Highlights

  • We closely mentor our students throughout their graduate school experience. CGU is an all-graduate institution & its core faculty are dedicated to enhancing our students’ success.
  • We offer an active intellectual environment through informal brainstorming groups, and formal workshops and seminars.
  • Students can get teaching and research assistantships at CGU and can also gain valuable teaching experience through lectureships in Los Angeles area colleges and universities.
  • Our apprentice/experienced practitioner educational model offers our students research experience by involving them in research projects that require problem solving and the application of analytical skills as well as the ability to effectively collaborate as a member of a research team.
  • As members of The Claremont Colleges, Economics PhD students have access to one-of-a-kind support from adjunct faculty and the Consortium’s infrastructure that prepare them for career success.
  • This program is STEM designated, allowing international students who hold F-1 visas to apply for OPT work authorizations for a total of 36 months (an initial 1-year period and a 24-month OPT STEM extension) of paid work experience in the U.S. after graduation.

Program at a Glance

UNITS 72 units

*Actual completion times will vary and may be higher, depending on full- or part-time course registration, units transferred, and time to complete other degree requirements.

COURSES BEGIN Fall | Spring

DEPARTMENT Economic Sciences

DIVISION Division of Politics & Economics

DEGREE AWARDED PhD in Economics

Featured Courses

This course introduces the subject matter, methods, and results of experimental economics. The course will stress the interaction of theory and experiment, seeking to relate questions in the theory of markets, games, and decisions to issues in experimental design and the analysis and interpretation of results.

Global monetary and financial issues have captured the interest of economists for very many years, with recent international events including the global financial crisis in 2008/09 and the economic and financial consequences of the COVID-19 pandemic only serving to shine an even stronger light on them.

This course covers probability and statistics. Topics include the fundamental concepts of probability theory, Bayes’ rule, notions of discrete and continuous distributions, hypothesis testing, and other necessary statistical instruments, which are widely used in almost every phase of your academic career. A firm understanding of mathematical techniques and its applications covered in this class is essential for successful graduate studies in economics.

This course takes the design of graphics and tables seriously and explores a variety of visual techniques for investigating patterns in data, summarizing statistical results, and efficiently representing the robustness of such results to alternative modeling assumptions.

This course is designed to give students a flexible and broad toolkit for conducting quantitative social science research. It will cover the skills needed to collect, clean, aggregate, explore, visualize, and analyze data using the R statistical language. It will cover everything from general programming and workflow to web scraping and mapping.

This course is an opportunity for students to obtain a deep understanding of the theory and empirical support in law and economics. While the course will cover many areas within law and economics, a focus will revolve around criminal justice issues.

View All Economics Courses

As a student in the Department of Economic Sciences, you will have the opportunity to contribute to faculty-led research opportunities that offer practice-oriented learning.

Faculty & Research

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Paul J. Zak

Professor of Economic Sciences, Psychology & Management Director, Center for Neuroeconomics Studies

Research Interests

Neuroeconomics, Neuroscience of Narratives, Neuromanagement

C. Mónica Capra profile image

C. Mónica Capra

Professor of Economic Sciences

Experimental Economics, Behavioral Economics, Neuroeconomics

Joshua Tasoff profile image

Joshua Tasoff

Associate Professor of Economic Sciences

Behavioral Economics, Experimental Economics, Animal Welfare Economics

Gregory DeAngelo profile image

Gregory DeAngelo

Associate Professor of Economic Sciences Director, Computational Justice Lab

Law, Political Economy, Public Choice

Affiliated with

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Robert Klitgaard

University Professor

Public Policy, Economic Strategy, Institutional Reform, Corruption

Tom Kniesner profile image

Tom Kniesner

Senior Research Fellow

Labor Economics, Health Economics, Econometrics

Graham Bird profile image

Graham Bird

Clinical Professor of Economic Sciences Program Director: International Money and Finance; International Economics and Development Policy Co-Director: Claremont Institute for Economic Policy Studies

International Finance, International Macroeconomics, Economic Development

Thomas Willett profile image

Thomas Willett

Professor Emeritus Director, Claremont Institute for Economic Studies

International Money and Finance, International Political Economy and Economic Policy

Where You Can Find Our Alumni

Akita International University, Japan

Assistant Professor of Economics, Akita, Japan

ALG, TrueCar

Vice President, Data Analytics, Santa Barbara, CA

California State University at San Marcos

Assistant Professor of Economics, San Marcos, CA

California State University at Sonoma

Assistant Professor of Economics, Rohnert Park, CA

Central Bank of Guatemala

Economist, Guatemala

Central Bank of Indonesia

Economist, Indonesia

Central University of Finance and Economics

Assistant Professor of Economics, Beijing, China

Chapman University

Assistant Professor of Economics, Orange, CA

Eckerd College

Assistant Professor of Economics, St. Petersburg, FL

Ernst & Young

Analyst, Los Angeles, CA

Finance Ministry of Thailand

Economist, Thailand

Harvard Law School

Manager Empirical Research Center, Boston, MA

Ivey Business School – Univ. Western Ontario

Assistant Professor of Economics, Canada

Kansai Gaidai University

Assistant Professor of Economics, Japan

Kent State University

Visiting Assistant Professor of Economics, Kent, Ohio

Loyola Marymount University

Clinical Assistant Professor of Economics

Ministry of Economy and Planning, Saudi Arabia

Economist, Riyadh, Saudi Arabia

Ministry of Finance

Fiscal Policy Office, Thailand

National University of Sciences and Technology

Assistant Professor, Islamabad

Northern Arizona University

Assistant Professor of Economics

Oxford University

Postdoctoral Candidate in Behavioral Economics, United Kingdom

Pepperdine University

Assistant Professor of Finance, Malibu, CA

Pricewaterhouse Coopers

Economist, London, United Kingdom

Resources for the Future

Postdoctoral Researcher, Washington, DC

Results Washington

Director, Olympia, WA

SAB Holdings

Investment Consultant, China

Samsung Economic Institute

Senior Researcher, South Korea

Samsung Securities

Investment Analyst, South Korea

Saudia Arabia Ministry of Finance and Economy

Economist, Saudi Arabia

Saudi Arabian Monetary Authority

Stitch Labs

Data Analyst, San Francisco, CA

Sony Interactive Entertainment

Manager, Market Research, San Francisco, CA

Toyota Motors

Senior Analyst, Los Angeles, CA

UBS (New York)

Quantitative Economist

University of California, Riverside

Clinical Assistant Professor of Finance, Riverside, CA

University of Massachusetts, Boston

Visiting Professor of Economics, Boston, MA

Whittier College

Assistant Professor of Economics, Whittier, CA

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Frank Frias

Director of Admissions & Recruitment T: 909-607-3240 E: [email protected]

PhD in Economics

phd in economics topics

PhD students take 16 courses, roughly half of which are spent acquiring the core analytic tools of the profession (microeconomics, macroeconomics, and quantitative methods), with the balance spent applying those tools in particular fields of specialization. All PhD students must complete a doctoral dissertation (thesis).

The PhD in Economics is a STEM designated degree program.

View the complete PhD Rules here

Program Requirements

Doctoral students must complete a minimum of 16 semester courses (64 credits). They are required to successfully complete the core courses by the end of the first year.

Theory and Quantitative Core Requirements

These core courses must be passed by the end of the first year with a grade of at least B- in each course.

  • EC 701 Advanced Microeconomics I (4 credits)
  • EC 702 Advanced Macroeconomics I (4 credits)
  • EC 703 Advanced Microeconomics II (4 credits)
  • EC 704 Advanced Macroeconomics II (4 credits)
  • EC 707 Advanced Statistics for Economists (4 credits)
  • EC 708 Advanced Econometrics I (4 credits)

Students must also take EC 705 Mathematical Economics in the first semester, unless a waiver is granted, and EC 709 Advanced Econometrics II (4 credits) in the third semester.

In addition, students must pass a qualifying examination in both microeconomics and macroeconomics. Students have at most three opportunities to take the qualifying examinations; failing may result in termination from the PhD program.

Field Requirements

All students must pass 2 2-course fields, each with a minimum grade average of B.

In addition, students must take at least 2 other courses. The following fields are generally offered each year:

  • Development
  • Econometrics
  • Economic Theory
  • Empirical Finance
  • Financial Econometrics
  • Industrial Organization
  • International Economics
  • Labor Economics
  • Money/Macroeconomics
  • Public Economics

GPA Requirements

All courses must be passed with a grade of B– or higher. An overall grade point average (GPA) of 3.0 must be attained in all courses taken after enrollment in the Graduate School of Arts & Sciences.

Time Requirement

The PhD program is designed so that a typical student can complete all requirements within 5 to 6 years. International students may be subject to additional restrictions imposed by the terms of their visas, as governed by the International Students & Scholars Office (ISSO).

Students are expected to meet the following milestones each year:

By the end of the 1st year:

  • Finish and pass all core first-year courses, as well as EC 705 (unless exempted through placement exam).
  • Sit for the first attempt at the micro and macro qualifying exams in June. The second attempt, if necessary, is in August.

By the end of the 2nd year:

  • Pass EC 709, a required course in Advanced Econometrics.
  • Continue and, if possible, complete remaining coursework, including a two-course sequence in each of two fields. A B average (3.0) is required in each of the field course sequence.
  • Achieve an overall GPA of at least 3.0.
  • If both qualifiers are not passed, the third and final attempt is in June of the second year.
  • Each student must prepare a research paper during the second year and the following summer. By April 1 of the second year, the student must ask a faculty member to serve as an advisor on this paper; have this faculty member agree to serve in this manner; and inform the DGS of the topic of the paper and the advisor’s name. The paper is due in the third year as described below.

By the end of the 3rd year:

  • Submit the second-year paper by October 1. By October 15, the faculty advisor must provide (i) a grade for the paper; and (ii) a brief written evaluation the paper. These documents will be sent to the DGS and the student. A student must receive a passing grade on the research paper.
  • Complete all coursework with GPA of at least 3.0.
  • Continue work on research for the dissertation.
  • Attend and present at least annually in one of the research workshops until completion of all degree requirements.

Years 4, 5, and (if necessary) 6:

  • Student carries out thesis research, defending the thesis no later than the end of the sixth year.

Dissertation

Under the supervision of two faculty advisers, a student prepares a dissertation proposal for presentation at a proposal seminar. If the proposal is approved, the student proceeds to research and write the dissertation. When the dissertation is completed, the student must defend it at a final oral examination. The Graduate School of Arts & Sciences requires that the dissertation be completed within seven years of initial enrollment in the program.

For more details, view the complete PhD Rules here and check out our past PhD Placements here .

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Research - PhD Economics Programme

We take pride in the Department of Economics’ outstanding placement record and it’s our ambition to place our PhD students in the best institutions worldwide. Our placement record is comparable with the top economics departments in the world, as shown by some of our recent placements which include MIT, UC Berkeley, Columbia, Stanford and Northwestern.

Professor Robin Burgess

The LSE Department of Economics is committed to an individualised and contextual review of each application to the MRes/PhD Economics programme. 

Each year the Department of Economics admits around 20 funded students to join our vibrant doctoral programme, consisting of over 100 students from many countries and backgrounds. Our PhD students pursue research in all economic fields, closely supervised by a variety of faculty . We have a Chair and committee for both PhD Admissions and PhD Recruitment, as well as a dedicated professional staff at School and Department level managing funding and admissions.

The  LSE Economics PhD Programme  is grounded in two years of rigorous coursework through the MRes component and by a strong research element. You can find information about the individual  research courses  offered through our programmes.

As is the norm with top economic departments in the US, students entering the LSE PhD Economics programme are typically offered five years financial support; for more information please visit our Cost and Financial Aid page.

Research Centres in the Department of Economics

The LSE Department of Economics is somewhat unique for its major  Research Centres . PhD students benefit from these centres both in terms of getting access to research funds as well as other facilities which complement their doctoral research.

Suntory and Toyota International Centre for Economics and Related Disciplines  (STICERD)

Centre for Economic Performance  (CEP)

Financial Markets Group  (FMG)

Centre for Analysis of Social Exclusion  (CASE)

International Growth Centre  (IGC)

Centre for Macroeconomics  (CFM)

Programme Requirements

Follow the link below to access information about the PhD routes and coursework.

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Programme and School Regulations for research students

Find out more .

Further information

How to apply.

PhD Economics - Admissions FAQs

How to Apply

General Information for prospective research students

Guidelines for submitting Research Statement

An application for 2024 entry to the PhD Economics should include a Research Statement, along with other required information (Note: A separate sample of Written Work is not required as part of the PhD Economics application).

Your Research Statement should be submitted in place of the Outline Research Proposal, along with your application form and other required supporting documents, via the LSE online application system (see the  PhD Economics Admissions FAQs ).

What should my Research Statement contain?

Please answer the following questions clearly and concisely. Max 200 words per question.

1.      Why do you want to do research in economics?

2.      Can you explain how your studies and experience make you suitable to do research in economics?

3.      Which aspect of the PhD do you think you will like the most? Which will you dislike the most? Why?

4.      Tell us about your favourite paper in economics. What do you like about it? How would you improve it?

5.      Write a comment for a general audience on ONE of the following topics (i) Is inequality good for growth?  (ii) Do immigrants take the jobs of native workers?  (iii) Is CEO compensation excessive? (iv) Is universal minimum income a good idea? (v) Overall, has central banks' move to inflation targeting been a success? (vi) Is culture an important determinant of differences in income per capita across countries? (vii) Markets function well as information is aggregated efficiently through prices. (viii) Elections are effective at disciplining politicians who do not have the public interest as their main goal.

How can I demonstrate research potential?

If you have served as research assistant for an economist please ask that person to write a letter focussing on your research skills and describe your experience – reference point 2 (above) of the research statement.

If not, please list any evidence you think would be valuable. Examples include but are not restricted to: experience working autonomously under stress without any guidance, demonstration of creativity in any form, experience of writing original research.

Financial information

Costs and Financial Aid

Financial Support Office  

Job opportunities

Class Teaching Opportunities

Class teaching opportunities are available during the course of research degrees. They represent useful professional training and can be a valuable and important experience. For more information, click here.  

PhD Job Market

Towards the completion of a research degree the Department organises an orientation meeting for prospective job market candidates and offers advice as well as a platform for candidates to present their experience and research. Available soon: the page with our current job market candidates.

Current students

  • MRes/PhD Programme Director:  Professor Maitreesh Ghatak
  • MRes/PhD Programme Manager: Emma Taverner
  • PhD Placement Officer:  Matthias Doepke

You can find more information about the profiles of Faculty and Teaching Fellows or Graduate Teaching Assistants, in the People section.

Quick Links

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  • Office Hours
  • LSE Calendar : Regulations for Research Students
  • PhD Academy
  • LSE for You (login and password required)
  • Moodle (Look for individual courses on the PhD Portal) (login and password required)

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PhD student profiles

  • Harvard Business School →
  • Doctoral Programs →

PhD Programs

  • Accounting & Management
  • Business Economics
  • Health Policy (Management)
  • Organizational Behavior
  • Technology & Operations Management

Students in our PhD programs are encouraged from day one to think of this experience as their first job in business academia—a training ground for a challenging and rewarding career generating rigorous, relevant research that influences practice.

Our doctoral students work with faculty and access resources throughout HBS and Harvard University. The PhD program curriculum requires coursework at HBS and other Harvard discipline departments, and with HBS and Harvard faculty on advisory committees. Faculty throughout Harvard guide the programs through their participation on advisory committees.

How do I know which program is right for me?

There are many paths, but we are one HBS. Our PhD students draw on diverse personal and professional backgrounds to pursue an ever-expanding range of research topics. Explore more here about each program’s requirements & curriculum, read student profiles for each discipline as well as student research , and placement information.

The PhD in Business Administration grounds students in the disciplinary theories and research methods that form the foundation of an academic career. Jointly administered by HBS and GSAS, the program has five areas of study: Accounting and Management , Management , Marketing , Strategy , and Technology and Operations Management . All areas of study involve roughly two years of coursework culminating in a field exam. The remaining years of the program are spent conducting independent research, working on co-authored publications, and writing the dissertation. Students join these programs from a wide range of backgrounds, from consulting to engineering. Many applicants possess liberal arts degrees, as there is not a requirement to possess a business degree before joining the program

The PhD in Business Economics provides students the opportunity to study in both Harvard’s world-class Economics Department and Harvard Business School. Throughout the program, coursework includes exploration of microeconomic theory, macroeconomic theory, probability and statistics, and econometrics. While some students join the Business Economics program directly from undergraduate or masters programs, others have worked in economic consulting firms or as research assistants at universities or intergovernmental organizations.

The PhD program in Health Policy (Management) is rooted in data-driven research on the managerial, operational, and strategic issues facing a wide range of organizations. Coursework includes the study of microeconomic theory, management, research methods, and statistics. The backgrounds of students in this program are quite varied, with some coming from public health or the healthcare industry, while others arrive at the program with a background in disciplinary research

The PhD program in Organizational Behavior offers two tracks: either a micro or macro approach. In the micro track, students focus on the study of interpersonal relationships within organizations and the effects that groups have on individuals. Students in the macro track use sociological methods to examine organizations, groups, and markets as a whole, including topics such as the influence of individuals on organizational change, or the relationship between social missions and financial objectives. Jointly administered by HBS and GSAS, the program includes core disciplinary training in sociology or psychology, as well as additional coursework in organizational behavior.

Accounting & Management  

Business economics  , health policy (management)  , management  , marketing  , organizational behavior  , strategy  , technology & operations management  .

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UCL Department of Economics

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Topics in International Economics

PhD Skills Development Module, Term 2

This module offers an overview of several active areas of research in international trade. It introduces frontier topics, insights, and tools, with the goal of preparing PhD students to conduct independent cutting-edge research in the field, as well as in adjacent fields where ideas and techniques from international trade may be useful, such as urban and spatial economics, labor, development, IO, finance, and macro. 

The module will consist of 10 two-hour lectures. The preliminary set of topics includes:

  • Trade, FDI and financial frictions (Kalina Manova)
  • Global value chains and production networks (Kalina Manova)
  • Trade and labor markets (Gabriel Ulyssea)
  • Trade within countries and development (Gabriel Ulyssea)
  • Cities and development (Gabriel Ulyssea)
  • Spatial and general equilibrium spillovers (Kirill Borusyak)
  • The effects of trade on welfare and inequality (Kirill Borusyak)

Students from University of London universities other than UCL are welcome to register.

Instructors

Lectures : TBA Office hours : TBA

Prerequistes

We strongly recommend that students take or audit EC532 “International Economics for Research Students” during Term 1 at the LSE. This module covers baseline models in international trade that provide useful foundations for the topics course at UCL. UCL students can easily register for EC532, and Daniella Harper can assist with the logistics.

No formal assessment is required for this skills development PhD module. In order to fully benefit from the module, students are strongly encouraged to complete all assigned reading and participate actively in class. Interested students are welcome to develop a 5-page project proposal that they could pursue as part of their dissertation and receive constructive feedback from the lecturers.  

Reading List

  • Foley, F. and K. Manova (2015). “International Trade, Multinational Activity, and Corporate Finance.” Annual Review of Economics 7: 119-46.
  • Manova, K. (2013). “Credit Constraints, Heterogeneous Firms and International Trade.” Review of Economic Studies 80: 711-44.
  • Antràs, P., Desai, M. and F. Foley (2009). “Multinational Firms, FDI Flows and Imperfect Capital Markets.” Quarterly Journal of Economics 124: 1171-219.
  • Manova, K., Wei, S.-J. and Z. Zhang (2015). “Firm Exports and Multinational Activity under Credit Constraints.” Review of Economics and Statistics 97, p.574-88.
  • Bilir, K., Chor, D., and K. Manova (2019). “Host Country Financial Development and Multinational Activity.” European Economic Review 115: 192-220.
  • Berthou, A., Chung, J.H., Manova, K. and C. Sandoz (2018). “Trade, Productivity and (Mis)allocation." CEPR Working Paper.
  • Antràs, P. and D. Chor (2021). “Global Value Chains.” NBER Working Paper 28549.
  • Bernard, A. and A. Moxnes (2018). “Networks and Trade.” Annual Review of Economics 10: 65-85.
  • Bernard, A., Dhyne, E., Magerman, G., Manova, K. and A. Moxnes (2020). “The Origins of Firm Heterogeneity: A Production Network Approach." Journal of Political Economy (forthcoming).
  • Huang, H., Manova, K. and F. Pisch (2021). “Firm Heterogeneity and Imperfect Competition in Global Production Networks.” Mimeo.
  • Autor, D. H., Dorn, D. and Hanson, G. H. (2013). “The China Syndrome: Local Labor Market Impacts of Import Competition in the United States.” American Economic Review 103(6), 2121-2168.
  • Autor, D., Dorn, D. and Hanson, G. (2016) “The China Shock: Learning about Labor Market Adjustment to Large Changes in Trade.” Annual Review of Economics 8, 205-240.    
  • Dix-Carneiro, Rafael, and Brian K. Kovak (2017). "Trade Liberalization and Regional Dynamics." American Economic Review 107: 2908-46.
  • Ponczek, Vladimir, and Gabriel Ulyssea (2021). "Enforcement of Labor Regulation and the Labor Market Effects of Trade: Evidence from Brazil." Conditionally accepted at Economic Journal.
  • Dix-Carneiro, Rafael, Pinelopi K. Goldberg, Costas Meghir, and Gabriel Ulyssea (2021). “Trade and Informality in the Presence of Labor Market Frictions and Regulations.” NBER Working Paper 28391.
  • Donaldson, Dave (2018). "Railroads of the Raj: Estimating the Impact of Transportation Infrastructure." American Economic Review 108: 899-934.
  • Atkin, David, and Dave Donaldson (2015). “Who's Getting Globalized? The Size and Implications of Intra-national Trade Costs.” NBER Working Paper 21439.
  • Donaldson, D. and Hornbeck, R. (2016). “Railroads and American Economic Growth: A “Market Access” Approach.” Quarterly Journal of Economics 131(2), 799–858. 
  • Ahlfeldt GM, Redding SJ, Sturm DM, Wolf N. (2015). “The Economics of Density: Evidence from the Berlin Wall.” Econometrica 83: 2127-89.
  • Gharad Bryan, Edward Glaeser, Nick Tsivanidis (2020). “Cities in the Developing World.” Annual Review of Economics 12: 273-297.
  • Tsivanidis, Nick (2019). "Evaluating the Impact of Urban Transit Infrastructure: Evidence from Bogota’s Transmilenio." Mimeo.
  • Adão, R., Arkolakis, C. and Esposito, F. (2020). “General Equilibrium Indirect Effects in Space: Theory and Measurement.” Mimeo.
  • Adão, R., Kolesár, M. and Morales, E. (2019). “Shift-Share Designs: Theory and Inference.” Quarterly Journal of Economics 134(4), 1949–2010.
  • Borusyak, K., and Hull, P. (2021). “Non-Random Exposure to Exogenous Shocks: Theory and Applications.” Mimeo.
  • Borusyak, K., Hull, P. and Jaravel, X. (2020). “Quasi-Experimental Shift-Share Research Designs.” Review of Economic Studies (forthcoming).
  • Adão, R., Carrillo, P., Costinot, A., Donaldson, D. and Pomeranz, D. (2020). “Exports, Imports, and Earnings Inequality: Micro-Data and Macro-Lessons from Ecuador.” Mimeo .
  • Adão, R., Costinot, A. and Donaldson, D. (2017). “Nonparametric Counterfactual Predictions in Neoclassical Models of International Trade.” American Economic Review 107: 633–689. 
  • Arkolakis, C., Costinot, A. and Rodríguez-Clare, A. (2012). “New Trade Models, Same Old Gains?” American Economic Review 102: 94-130. 
  • Baqaee, D. R. and Farhi, E. (2021). “Networks, Barriers, and Trade.” Mimeo.
  • Borusyak, K. and Jaravel, X. (2021). “The Distributional Effects of Trade: Theory and Evidence from the United States.” Mimeo .

134 Economics Thesis Topics: Ideas for Outstanding Writing

phd in economics topics

Writing a thesis is not an easy task. For most of the students, it can be even intimidating, especially when you do not know where to start your research.

Here, we have provided an economics thesis topics list. After all, everyone knows that choosing the right idea is crucial when writing an academic paper. In economics, it can combine history, math, social studies, politics, and numerous other subjects. You should also have solid foundations and a sound factual basis for a thesis. Without these elements, you won’t be able to master your research paper.

The issue is:

It is not always clear what could be seen as an excellent economics thesis topic. Our experts can assist you with this challenge. This list contains some outstanding examples to get you started.

  • ⭐ Thesis in Economics
  • 🔥 Supreme Thesis Topics
  • 👍 Bachelor’s Thesis
  • 😲 Master’s Thesis

📊 Microeconomics

📈 macroeconomics.

  • 🤔 Developmental
  • 👨‍💼 Behavioral
  • 💼 Financial
  • 🌱 Agricultural
  • 🤝‍ Sociology
  • 📚 Ph.D. Topics
  • 📝 How to Pick a Topic

⭐ What Does a Thesis in Economics Look Like?

A good thesis in economics is a blend between an empirical paper and a theoretical one. One of the essential steps in choosing a topic in economics is to decide which one you will write.

You may write, research, analyze statistical data and other information. Or build and study a specific economic model.

Or why not both!

Here are some questions you can ask when deciding what topic to choose:

  • What has already been written on this topic?
  • What economic variables will my paper study?
  • Where should I look for the data?
  • What econometrics techniques should I use?
  • What type of model will I study?

The best way to understand what type of research you have to do is to write a thesis proposal. You will most probably be required to submit it anyway. Your thesis supervisor will examine your ideas, methods, list of secondary and primary sources. At some universities, the proposal will be graded.

Master’s thesis and Bachelor’s thesis have three main differences.

After you get the initial feedback, you will have a clear idea of what to adjust before writing your thesis. Only then, you’ll be able to start.

🔥 Supreme Economics Thesis Topics List

  • Fast fashion in India.
  • The UK housing prices.
  • Brexit and European trade.
  • Behavioral economics.
  • Healthcare macroeconomics.
  • COVID-19’s economic impact.
  • Global gender wage gap.
  • Commodity dependence in Africa.
  • International trade – developing countries.
  • Climate change and business development.

👍 Economics Bachelor’s Thesis Topics

At the U.S. Universities, an undergraduate thesis is very uncommon. However, it depends on the Department Policy.

The biggest challenge with the Bachelor’s Thesis in economics concerns its originality. Even though you are not required to conduct entirely unique research, you have to lack redundant ideas.

You can easily avoid making this mistake by simply choosing one of these topics. Also, consider visiting IvyPanda essays database. It’s a perfect palce to conduct a brainstorming session and come up with fresh ideas for a paper, as well as get tons of inspiration.

  • The impact of the oil industry on the economic development of Nigeria. The oil industry is vital for the economic development of Nigeria. In this thesis, students can discuss the notion of the resource curse. Analyze the reasons why general people are not benefiting from the oil industry. Why did it produce very little change in the social and economic growth of the country?
  • Sports Marketing and Advertising: the impact it has on the consumers.
  • Economic opportunities and challenges of investing in Kenya .
  • Economic Development in the Tourism Industry in Africa. Since the early 1990s, tourism significantly contributed to the economic growth of African countries. In this thesis, students can talk about the characteristics of the tourist sector in Africa. Or elaborate on specific countries and how their national development plans look like.
  • Globalization and its significance to business worldwide .
  • Economic risks connected to investing in Turkey .
  • The decline in employment rates as the biggest American economy challenge .
  • The economics of alcohol abuse problems. In this thesis, students can develop several essential issues. First, they can examine how poverty is connected to alcohol abuse. Second, they can see the link between alcohol consumption and productivity. To sum up, students can elaborate on the economic costs of alcohol abuse.
  • Causes and solutions for unemployment in Great Britain.
  • Parallel perspective on Global Economic Order: China and America. This thesis can bring a comparative analysis of the economies to a new level. China and The US are the world’s two largest economies. These two countries have a significant impact on the global economic order. So, looking at the set of institutions, policies, rules can be constructive.
  • The new international economic order after COVID-19
  • Financial stability of the banking sector in China.
  • New Electronic Payment Services in Russia.
  • The influence of culture on different entrepreneurial behaviors.
  • The impact of natural cultural practices on entrepreneurial activity.
  • The relationships between national culture and individual behavior.
  • The main reasons for salary inequalities in different parts of the U.S.

😲 Economics Master’s Thesis Topics

Student life can be fascinating, but it comes with its challenges. One of which is selecting your Master’s thesis topic.

Here is a list of topics for a Master’s thesis in economics. Are you pursuing MPhil in Economics and writing a thesis? Use the following ideas as an inspiration for that. They can also be helpful if you are working on a Master’s thesis in financial economics.

  • The impact of visual aid in teaching home economics.
  • The effect of income changes in consumer behaviors in America.
  • Forces behind socio-economic inequalities in the United States. This thesis can explore three critical factors for socio-economic differences in the United States. In the past 30 years, social disparities increased in the United States. Some of the main reasons are technology, trade, and institutions.
  • The relationships between economic growth and international development.
  • Technological innovations and their influence on green and environmental products.
  • The economics of non-solar renewable energy .

Renewable energy is beneficial for various economic reasons.

  • The economic consequences of terrorism . Terrorism not only takes away lives and destroys property but also widely affects the economy. It creates uncertainty in the market, increases insurance claims, slows down investment projects, and tourism. This thesis can address all of the ways in which terrorism can affect economies.
  • Corporate Social Responsibility (CSR) implementation in the Oil and Gas Industry in Africa.
  • Use of incentives in behavioral economics.
  • Economic opportunities and challenges of sustainable communities .
  • Economics of nuclear power plants.
  • Aid and financial help for emerging markets. This topic is very versatile. Students can look at both the positive and the adverse effects that funding has on the development. There are plenty of excellent examples. Besides, some theories call international help a form of neocolonialism.
  • Multinational firms impact on economic growth in America .
  • The effect of natural disasters on economic development in Asia.
  • The influence of globalization on emerging markets and economic development.

📑 More Economics Thesis Topics: Theme

For some students, it makes more sense to center their search around a certain subject. Sometimes you have an econ area that interests you. You may have an idea about what you want to write, but you did not decide what it will be.

If that’s the case with you, then these economics thesis topics ideas are for you.

  • An analysis of the energy market in Russia.
  • The impact of game theory on economic development.
  • The connection between minimum wage and market equilibrium.
  • Gender differences in the labor market in the United States. This topic can shed light on gender differences in the labor market in the United States. In the past years, the overall inequality in labor in the markets decreased. However, there is still a lot of work that can be done.
  • Economic reasons that influence the prices of oil .
  • Relationship between the Lorenz curve and the Gini coefficient.
  • Challenges of small businesses in the market economy.
  • The changes in oil prices: causes and solutions . Universal economic principles do not always apply to the sale and purchase of the oil. The same happens with its cost. In the thesis, talk about what affects the prices. What are the solutions that can be implemented?
  • The economic analysis of the impact of immigration on the American economy.

Immigration has a little long-run effect on Americans’ wages.

  • Economic inequality as a result of globalization . Economic inequality becomes even more apparent on the global level. There is a common belief that globalization is the cause of that. Discuss what can be the solutions to these problems. This topic is vital to minimize the gap between the rich and the poor.
  • The economic explanation of political dishonesty .
  • Effect of Increasing Interest rates costs in Africa .
  • The connection between game theory and microeconomics.
  • Marketing uses in microeconomics.
  • Financial liability in human-made environmental disasters.
  • Banks and their role in the economy. Banks are crucial elements of any economy, and this topic covers why. You can explain how banks allow the goods and services to be exchanged. Talk about why banks are so essential for economic growth and stability.
  • Inflation in the US and ways to reduce its impact.
  • The connection between politics and economics.
  • Income Dynamics and demographic economics.
  • US Market Liquidity and macroeconomics.
  • Macroeconomics and self-correction of the economy .
  • The American economy, monetary policy, and monopolies .
  • The importance of control in macroeconomics. One of the central topics in macroeconomics is grouped around the issue of control. It is quite reasonable that control over money and resources should become a topic of discussion.
  • Analysis of Africa’s macroeconomics and its performance.
  • Economics of education in developing markets.
  • Problems and possible solutions for Japan macroeconomics .
  • Comparative analysis of British macroeconomics concerning the US .
  • Public policies and socio-economic disparities.
  • The world problems through macroeconomic analysis. Indeed, macroeconomics is very complicated. There are many influences, details, and intricacies in it. However, it allows economists to use this complex set of tools to examine the world’s leading problems today.

There are four main problems in macroeconomics.

  • The connection between employment interest and money.

🤔 Development Economics

  • Economics of development . This topic is very rich in content. First, explain what it is. Then pay particular attention to domestic and international policies that affect development, income distribution, and economic growth.
  • The relation between development and incentive for migration.
  • The impact of natural disasters on the economy and political stability of emerging markets.
  • The economic consequences of population growth in developing countries.
  • The role of industrialization in developing countries . The industrialization has been connected with the development. It promotes capital formation and catalyzes economic growth in emerging markets. In this thesis, you can talk about this correlation.
  • Latin American economic development.
  • Gender inequality and socio-economic development .
  • Problems of tax and taxation in connection with economic growth.
  • The economic impact of terrorism on developing markets.
  • Religious decline as a key to economic development. Not everyone knows, but a lot of research has been done in the past years on the topic. It argues that decreased religious activity is connected with increased economic growth. This topic is quite controversial. Students who decide to write about it should be extra careful and polite.

👨‍💼 Behavioral Economics

  • Risk Preferences in Rural South Africa.
  • Behavioral Economics and Finance .
  • Applied behavioral economics in marketing strategies. If you want to focus your attention on marketing, this topic is for you. Behavioral economics provides a peculiar lens to look at marketing strategies. It allows marketers to identify common behaviors and adapt their marketing strategies.
  • The impact of behavioral finance on investment decisions.
  • Behavioral Economics in Child Nutrition Programs in North Texas.
  • Guidelines for Behavioral Economics in Healthcare Sector.
  • Cognitive and behavioral theories in economics .
  • Cross-cultural consumer behavior and marketing communication. Consumers are not only affected by personal characteristics, but also by the culture they are living in. This topic focuses on the extent it should determine marketing strategy and communication.
  • Behavior implications of wealth and inequality.

The richest population holds a huge portion of the national income.

  • Optimism and pessimism for future behavior.

💼 Financial Economics

  • Financial Economics for Infrastructure and Fiscal Policy .
  • The use of the economic concept of human capital. Students can focus on the dichotomy between human and nonhuman capital. Many economists believe that human capital is the most crucial of all. Some approach this issue differently. Therefore, students should do their research and find where they stand on this issue.
  • The analysis of the global financial crisis of 2020s. Share your thoughts, predictions, ideas. Analyze the economic situation that affects almost everyone in the world. This thesis topic will be fresh and original. It can help to start a good and fruitful conversation.
  • The big data economic challenges for Volvo car.
  • The connection between finance, economics, and accounting.
  • Financial economics: Banks competition in the UK .
  • Risk-Taking by mutual funds as a response to incentives.
  • Managerial economics and financial accounting as a basis for business decisions.
  • Stock market overreaction.

🌱 Agricultural Economics

  • Agricultural economics and agribusiness.
  • The vulnerability of agricultural business in African countries.
  • Agricultural economics and environmental considerations of biofuels .
  • Farmer’s contribution to agricultural social capital.
  • Agricultural and resource economics. Agricultural and resource economics plays a huge role in development. They are subdivided into four main characteristics which in this topic, students can talk about: – mineral and energy resources; – soil resources, water resources; – biological resources. One or even all of them can be a focus of the thesis.
  • Water as an economic good in irrigated agriculture.
  • Agriculture in the economic development of Iran.
  • The US Agricultural Food Policy and Production .
  • Pesticides usage on agricultural products in California.

The region of greatest pesticide use was San Joaquin Valley.

  • An analysis of economic efficiency in agriculture. A lot of research has been done on the question of economic efficiency in agriculture. However, it does not mean there is no place for your study. You have to read a lot of secondary sources to see where your arguments can fit.

🤝‍Economic Sociology

  • Theory, approach, and method in economics sociology.
  • Economic sociology of capitalism. While economists believe in the positive effect capitalism has on the economy, the social effect is quite different. The “economic” part of the issue has been studied a lot. However, the sociology of it has been not. This thesis can be very intriguing to read.
  • Political Economy and Economic Sociology.
  • Gender and economic sociology .
  • Progress, sociology, and economics.
  • Data analysis in economics, sociology, environment .
  • Economic sociology as a way to understand the human mind.
  • Economic sociology of money.
  • Economics, sociology, and psychology of security.
  • Major principles of economic sociology. In the past decade, economic sociology became an increasingly popular field. Mainly due to it giving a new view on economics, human mind, and behavior. Besides, it explores relationships between politics, law, culture, and gender.

📚 The List of Ph.D. Topics in Economics

If you decide to go to grad school to do your Masters, you will likely end up getting a Ph.D. as well. So, with this plan in mind, think about a field that interests you enough during your Masters. Working with the same topic for both graduate degrees is easier and more effective.

This list of Ph.D. Topics in Economics can help you identify the areas you can work on.

  • Occupational injuries in Pakistan and its effect on the economy. Injuries are the leading cause of the global burden of disability. Globally, Pakistan was ranked 9th populated country with a large number of unskilled workers. In this dissertation, consider the link between occupational injuries and their effects on the economy.
  • The study of the Philippines’ economic development.

The Philippine economy is projected to continue on its expansionary path.

  • Financial derivatives and climate change .
  • Econometric Analysis of Financial Markets.
  • Islamic Banking and Financial Markets .
  • Health economics and policy in the UK.
  • Health insurance: rationale and economic justification. In this dissertation, students can find different ways to explain and justify health insurance. Starting to philosophical to purely economic grounds. In the past years, there was a lot of discussion regarding the healthcare system for all. What are some of the economic benefits of that?
  • Colombian economy, economic growth, and inequality.
  • Benefits of mergers and acquisitions in agribusiness.
  • Methods to measure financial risks when investing in Africa.
  • The significance of financial economics in understanding the relationship between a country’s GDP and NDP.
  • Network effects in cryptocurrency. Cryptocurrencies are not new anymore. However, it is still an original subject for a dissertation. Students can decide to choose several crypto coins and evaluate the importance of the network effect. This effect is particularly significant for Bitcoin. Explain why.
  • The comparison of the Chinese growth model with the American growth model.
  • An economic justification versus political expediency.
  • Pollution Externalities Role in Management Economics .

📝 How to Select an Economics Thesis Topic

As your academic journey is coming to an end, it’s time to pick the right topic for your thesis. The whole academic life you were preparing to undertake this challenge.

Here is the list of six points that will help you to select an economics thesis topic:

  • Make sure it is something you are genuinely interested in. It is incredibly challenging to write something engaging if you are not interested in the topic. So, choose wisely and chose what excites you.
  • Draw inspiration from the previous student’s projects. A great place to start is by looking at what the previous students wrote. You can find some fresh ideas and a general direction.
  • Ask your thesis advisor for his feedback. Most probably, your thesis advisor supervised many students before. They can be a great help too because they know how to assess papers. Before meeting with your professor, do some basic research, and understand what topic is about.
  • Be original, but not too much. You do not want to spend your time writing about a project that many people wrote about. Your readers will not be interested in reading it, but your professors as well. However, make sure you do not pick anything too obscure. It will leave you with no secondary sources.
  • Choose a narrow and specific topic. Not only will it allow you to be more original, but also to master a topic. When the issue is too broad, there is just too much information to cover in one thesis.
  • Go interdisciplinary. If you find yourself interested in history, philosophy, or any other related topic, it can help you write an exceptional thesis in economics. Most of your peers may work on pure economics. Then, the interdisciplinary approach can help you to stand out among them.

Some universities ask their students to focus on topics from one discipline.

Thank you for reading the article to the end! We hope this list of economics thesis topics ideas could help you to gather your thoughts and get inspired. Share it with those who may find it useful. Let us know what you think about it in the comment section below.

🔗 References

  • Economics Thesis Topics List: Seminars Only
  • How To Pick A Topic For Your Economics Research Project Or Master’s Thesis: INOMICS, The Site for Economists
  • What Do Theses and Dissertations Look Like: KU Writing Center, the University of Kansas
  • Writing Economics: Robert Neugeboren with Mireille Jacobson, University of Harvard
  • Economics Ph.D. Theses: Department of Economics, University of Sussex Business School, IDEAS_RePEc
  • World Economic Situation and Prospects 2018: United Nations
  • Undergraduate Honors Theses: Department of Economics, University of California, Berkeley
  • Economics Department Dissertations Collection: Economics Department, University of Massachusetts Amherst
  • Topics for Master Theses: Department of Economics, NHH, Norwegian School of Economics
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A very well written, clear and easy-to-read article. It was highly helpful. Thank you!

Thanks for your kind words! We look forward to seeing you again!

For research

Excellent research

These are very helpful and concise research topics which I have spent days surfing the internet to get all this while. Thanks for making research life experience easier for me. Keep this good work up.

Glad to hear that! Thank you for your feedback, Idris!

Thank you, Idris!

I wants it for msc thesis

The dilemma I faced in getting Thesis proposal for my M Phil programme is taken away. Your article would be a useful guide to many more students.Thank you for your guidance.

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About the Concentration in Health Economics and Policy

The concentration in Health Economics and Policy prepares doctoral students to address the most pressing challenges in health and health care through innovative, rigorous and interdisciplinary research in the field of health economics. This program integrates traditional training in economics with practical training in health policy and health services research to train the next generation of health economists.

The curriculum offers a broad exposure to the health economics literature and public health disciplines, and stresses the policy implications of these fields of research. The curriculum stresses a foundation in applied modern microeconomic theory, economic evaluation, quantitative methods and econometrics, including PhD-level courses from the Department of Economics in the Krieger School of Arts and Sciences.

Doctoral students are paired with a faculty adviser from the Health Economics concentration with similar research interests. Faculty in the Health Economics concentration are working in a variety of research areas including understanding health insurance design, the economic implications of health and health care disparities, market forces and health care prices, pharmaceutical economics, and payment design and access. Doctoral students will also have the opportunity to work with other faculty within the Department, as well as faculty from other Departments including International Health, Population, Family, and Reproductive Health, Biostatistics, the School of Medicine, School of Nursing, the Carey Business School, and the Department of Economics. Students also often work with various centers and initiatives across the University, including the Hopkins Business of Health Initiative.

What Can You Do With a Graduate Degree In Health Economics And Policy?

The program prepares students for successful research careers as health economists. Former students have gone onto careers in academia, government, research-oriented non-profits, and the private sector.

View a list of selected recent graduates and dissertation titles for the PhD Concentration in Health Economics and Policy.

Curriculum for the Concentration in Health Economics and Policy

Browse an overview of the requirements for this PhD program in the JHU  Academic Catalogue  and explore all course offerings in the Bloomberg School  Course Directory .

Admissions Requirements

For general admissions requirements, please visit the How to Apply page.

Standardized Test Scores

Standardized test scores are  not required and not reviewed  for this program. If you have taken a standardized test such as the GRE, GMAT, or MCAT and want to submit your scores, please note that they will not be used as a metric during the application review.  Applications will be reviewed holistically based on all required application components.

Matthew Eisenberg, PhD, MPhil,

uses applied health economics methods to study how consumers make decisions about their healthcare.

All accepted PhD students receive a standard funding package.  As of September 1, 2023 this package includes full tuition support, a $30,000 per year stipend, individual health, dental, and vision insurance and the University Health Services clinic fee for four years.

For funding sources, please see PhD funding page .

Need-Based Relocation Grants Students who  are admitted to PhD programs at JHU starting in Fall 2023 or beyond can apply to receive a $1500 need-based grant to offset the costs of relocating to be able to attend JHU.   These grants provide funding to a portion of incoming students who, without this money, may otherwise not be able to afford to relocate to JHU for their PhD program. This is not a merit-based grant. Applications will be evaluated solely based on financial need.  View more information about the need-based relocation grants for PhD students .

Questions about the program? We're happy to help. [email protected] 410-955-2488

School of Economics

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The degree of Doctor of Philosophy (PhD) is offered in all Faculties of the University. In the Faculty of Commerce, it is a research degree on an advanced topic under supervision. The examination is by thesis alone. The general rules for this degree are set out in Book 3 of this series entitled "General Rules and Policies". The degree of Doctor of Philosophy is also subject to the following Faculty rules:

A candidate who registers for the degree without submitting an approved research proposal is required to submit this approved research proposal to the Faculty Board by no later than six months from the date of first registration.   FDA2

If the Faculty Board approves the research proposal, the Board shall recommend the candidate for registration to the University’s Doctoral Degrees Board.

If the candidate fails to submit a research proposal by not later than six months from the date of first registration, or if the Faculty Board rejects the research proposal, the candidate’s registration shall be cancelled. 

A candidate registering for the first time for the degree may register at any time.

A returning candidate shall register by not later than 28 February each year.

The registration renewal is subject to a satisfactory annual report from the primary supervisor and relevant Head of Department approved by the Dean or Dean’s nominee. 

Except by the special permission of the Dean of Commerce, the thesis submitted for the degree shall not be less than 40,000 words or exceed 80,000 words. 

For further information, please  send an email to   [email protected]

To apply, please click this link    Apply here

PROCEDURES FOR ADMISSION INTO THE PhD in Economics (by Thesis)

  • A Masters degree in Economics is usually required.
  • Applicants should upload a 5-page proposal with their application. Check our staff page  for our academic's areas of interest. 
  • You must put in an application to the University as well. You can do this online at  http://applyonline.uct.ac.za/ . We encourage students to apply through the Commerce Faculty.
  • Your proposal will be distributed to the relevant lecturers within the School of Economics to match you with a suitable supervisor.
  • The Post-graduate Committee in the School of Economics will send recommendations for suitable candidates to the Faculty Board.
  • Subject to Faculty Board approval, the candidate may register with the university for this degree.
  • A candidate will be required to submit and present a formal research proposal to the Post-graduate Committee and Faculty Board for approval by no later than six months from the date of first registration.
  • If the proposal is not accepted, registration will be cancelled.
  • During the registration period, a candidate will normally be required to “attend the University” for a period of at least one year. By “attend at the University”, the Senate understands that the candidate shall, within reason, be readily available for discussion at the University.
  • For practical purposes, the PhD in Economics (by thesis) programme takes about 4 years to complete. The Doctoral Degrees Board (DDB) controls much of the process after registration, even though the School of Economics can call for seminars periodically. Students are generally required to be residents in Cape Town for at least one year.  The thesis submitted for the degree shall not exceed 80,000 words. 

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MIT economics to launch new predoctoral fellowship program

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The MIT Department of Economics is launching a new program this year that will pair faculty with predoctoral fellows.

“MIT economics right now is historically strong,” says Jon Gruber, the Ford Professor of Economics and department head of MIT economics. “To remain in that position involves having the resources to stay on the cutting edge of the research frontier, and that requires the use of predocs.”

The nature of economic research has changed enormously, adds Gruber, due to factors like the use of large datasets, innovations in experiment design, and comprehensive data analysis, all of which require the support of predocs. This new research model empowers economists to address national and global challenges in profound and much more effective ways.

The new predoc program is made possible by an ongoing major fundraising initiative in the department. 

Gruber gave credit to Glenn Ellison, the Gregory K. Palm (1970) Professor of Economics and former department chair, for working closely with Roger Altman, MIT Corporation member and the former head and current member of the visiting committee, to craft a vision for the future of the department that will ultimately include up to 24 predocs that would work for economics faculty at MIT. 

“It’s a great vision. They put a lot of work into it,” Gruber says.

With significant support from the Altman Family Fund, Gruber explains, the predoc program will be able to ramp up, providing predocs to the department’s junior faculty. He expects six predocs to start in the department this fall.

“We’ll have a wide range of junior faculty who will be using these predocs for a bunch of really interesting and important questions that are very data- and research-intensive,” Gruber says.

Tobias Salz, the Castle Krob Career Development Associate Professor of Economics, is one of the faculty members already benefiting from a pilot of the new program. He’s working on a large project on the search engine market.

“I am working with a predoctoral research fellow who has been instrumental in many parts of the project, including the design of an experiment and data analysis,” says Salz. “Initially, I was only able to hire him for one year, but with the new funding I am able to extend his contract. The predoctoral program has therefore helped ensure continuity on this project, which has made a big difference.”

Nina Roussille, assistant professor of economics, says her work will greatly benefit from collaborating with a predoc. Several of her projects either require the analysis of large, administrative datasets or the implementation of large-scale experiments.

“This kind of work will be greatly enhanced and streamlined with the help of a predoc to construct, clean, and analyze the data, as well as to set up the experiments and study their effects. This will free up some of my time to participate in more projects and allow me to focus my efforts on high-yield tasks, such as data analysis and paper writing,” says Roussille.

Roussille adds that she’s excited about the opportunity to mentor a young economist on the path to a PhD.

“They’ll greatly benefit from the vibrant research environment of the MIT economics department,” she said.

Gruber sees the program as mutually beneficial for both the predocs and the faculty.

“The advantage for the predoc is they get research experience and they get to know a faculty member,” adds Gruber. “The advantage for the faculty is they get to work with someone who wants to excel and make an impression with the person they research for.”

Beyond establishing the predoc program, this current fundraising initiative prioritizes building resources for faculty research in the Department of Economics. In addition to the gift from the Altman Family Fund to establish the predoctoral fellowship program, this fundraising initiative has secured several other significant contributions, including:  

  • the creation of the Daniel (1972) and Gail Rubinfeld Professorship Fund, through the support of Dan Rubinfeld, PhD ’72;
  • the Thapanee Sirivadhanabhakdi Techajareonvikul (1999) Professorship Fund, established by economics undergraduate alumna and her husband, Aswin Techajareonvkul MBA ’02;
  • another endowed professorship in the department, through the support of an anonymous donor;
  • the creation of the Locher Economics Fund, which will provide discretionary resources to support faculty research for the department, through the support of Kurt ’88, SM ’89, and Anne Stark Locher; and
  • a gift to create the Dr. James A. Berkovec (1977) Memorial Faculty Research Fund in Economics, established by Ben Golub, ’78, SM ’82, PhD ’84.

To date, almost $30 million has been secured for these purposes, and efforts are ongoing.

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Lynn cooley reappointed dean of the graduate school of arts and sciences.

Lynn Cooley

Lynn Cooley, the C. N. H. Long Professor of Genetics and Professor of Cell Biology and of Molecular, Cellular, and Developmental Biology, has been reappointed to a third term as dean of the Graduate School of Arts and Sciences (GSAS), Yale President Peter Salovey announced this week. Her third five-year term will begin July 1.

The reappointment recognizes Cooley’s success over the past decade in leading the oldest graduate school in the country into a new era of distinction, Salovey wrote in a message to the GSAS community .

“ Throughout the past decade, Dean Cooley has worked tirelessly to enhance the school’s academic environment for faculty, staff, and students,” Salovey wrote. “The Graduate Program Review initiative, which began in the 2015-16 academic year, is a testament to her dedication to fostering strong relationships between the graduate school and individual programs. This pioneering endeavor has facilitated communication and collaboration and empowered programs to excel in admissions, career outcomes, and curricular innovation.”

Under her leadership, Salovey noted, the graduate school “has seen remarkable expansions,” including a Ph.D. program in translational biomedicine; a Ph.D. program in women’s, gender, and sexuality studies; and a master’s degree program in personalized medicine and applied engineering. She has also fostered partnerships to advance multidisciplinary study in collaboration with the Wu Tsai Institute; Whitney Humanities Center; and Yale Center for the Study of Race, Indigeneity, and Transnational Migration.

In the face of the COVD-19 pandemic, Cooley took proactive measures that focused on the safety and well-being of our graduate student community while simultaneously facilitating the continuation of learning, teaching, and research endeavors, the president added. Most notably, he said, she extended additional financial support to students whose research was delayed due to the pandemic.

“ Dean Cooley’s unwavering commitment to students’ well-being also has led to the implementation of medical leave hardship awards to lessen the financial burden resulting from such leaves of absence, hiring the graduate school’s inaugural embedded mental health clinician, consistently increasing stipend support for Ph.D. students, expanding family support for students with children, and introducing relocation awards to incoming students to offset the cost of moving to New Haven,” Salovey said.

“ These initiatives underscore her dedication to fostering an inclusive and supportive academic environment, which she also has advanced by expanding key pipeline programs such as the Post-baccalaureate Research Education Program and the Summer Undergraduate Research Fellowship.”

Salovey also recognized Cooley’s pivotal role on the team that collaboratively navigated the graduate student unionization process and continues to spearhead many of the implementation efforts following the ratification of a contract. Throughout her tenure, he said, Cooley has acknowledged the important contributions of graduate students to the Yale campus and upheld the academic and research commitments of the university.

During the reappointment review process, Salovey said, colleagues from across the university said that the graduate school has been strengthened immeasurably by Cooley’s collaborative spirit and innovative approach, while others praised her “steadfast advocacy for the evolving needs of students and faculty members.”

“ I would like to thank Dean Cooley for her contributions to the excellence of the graduate school and for her willingness to continue serving in this important role,” Salovey wrote.

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  24. MIT economics to launch new predoctoral fellowship program

    A new program in the MIT Department of Economics will support predoctoral research fellows working with the department's junior faculty. Thanks to the new program, predoc Wonjoon Choi (right) will be able to extend his contract with Tobias Salz (left), the Castle Krob Career Development Associate Professor of Economics.

  25. Lynn Cooley reappointed dean of the Graduate School of Arts and

    Lynn Cooley. Lynn Cooley, the C. N. H. Long Professor of Genetics and Professor of Cell Biology and of Molecular, Cellular, and Developmental Biology, has been reappointed to a third term as dean of the Graduate School of Arts and Sciences (GSAS), Yale President Peter Salovey announced this week. Her third five-year term will begin July 1.