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We take pride in being one of the largest graduate schools in the nation and in our exemplary faculty and high-quality degree programs, many of which are nationally ranked.
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Economics, PhD
The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences. A master's program in Economics is not offered at the University of Pennsylvania.
The program trains students to conduct outstanding research in economics. All major areas of economics are covered, with particular strengths in theoretical and empirical microeconomics, and in modern macroeconomics. Graduates of the program obtain positions at leading universities, research institutions, and government agencies around the world.
Students in this program first acquire a thorough knowledge of economic theory and econometric methods before they begin their own research. They meet a series of requirements during their first years in the program, and thereafter devote most of their time to the writing of a dissertation. The median length of time required for completion is 5.25 years (however both shorter and longer periods are possible). Almost all students are supported by combinations of fellowships, research assistantships, and teaching assistantships during at least their first five years of study.
For more information: http://economics.sas.upenn.edu/graduate
View the University’s Academic Rules for PhD Programs .
Required Courses
A minimum of 16 course units are required. A minimum of 12 course units must be taken at the University of Pennsylvania.
The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2023 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.
Sample Plan of Study
By the end of the 3rd year in residence, students must have passed four 7000-level ECON courses (excluding 7100, 7110, 7200, 7210, 7300, 7310, 8100, 9110, 9200, 9300, 9400 and 9450, the workshops) with a grade of A- or higher. Credits must total 16 before going on dissertation status.
The Empirical requirement is often fulfilled after students finish taking the four upper level courses requirement.
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Karun Adusumilli
Personal Page
Assistant Professor of Economics, (LEAVE FALL 2023)
Francesco Agostinelli
Assistant Professor of Economics
Juan Pablo Atal
Assistant Professor
Jere R. Behrman
215-898-7704
William R. Kenan, Jr. Professor of Economics (LEAVE SPRING 2024)
Aislinn Bohren
215-573-6233
Associate Professor of Economics (SPRING LEAVE 2024)
Juan Camilo Castillo
215-898-6775
Professor of Economics
Harold L. Cole
215-898-7788
James Joo-Jin Kim Professor of Economics
Francis X. Diebold
215-898-1507
Paul F. and Warren S. Miller Professor of Economics, Professor of Finance; Professor of Statistics
David Dillenberger
215-898-1503
Alessandro Dovis
Associate Professor of Economics
Hanming Fang
215-898-7767
Joseph M. Cohen Term Professor of Economics
Jesus Fernandez-Villaverde
215-898-1504
Howard Marks Presidential Professor of Economics (LEAVE SPRING 2024)
Wayne Yuan Gao
215-898-1506
Shresth Garg
Jeremy Greenwood
215-898-1505
215-898-8206
Joachim Hubmer
215-898-8761
Dirk Krueger
215-573-1424
Walter H. and Leonore C. Annenberg Professor in the Social Sciences and Professor of Economics; Professor of Finance
215-898-9619
Assistant Professor (arriving fall 2025, Post-Doctoral Fellow at Princeton University for AY 2024-2025)
Margaux Luflade
George J. Mailath
215-898-7908
Professor of Economics, Walter H. Annenberg Professor in the Social Sciences
Iourii Manovskii
215-898-6880
Steven Matthews
215-898-7749
Enrique G. Mendoza
215-898-0499 (econ) or 215-898-0232 (Wharton)
Personal website
George A. Weiss and Lydia Bravo Weiss University Professor (Leave AY 2023-24)
Assistant Professor (arriving fall 2024, Junior Scholar at the Federal Reserve Bank of Minneapolis 2023-24)
Guillermo Ordonez
215-898-1875
Professor of Economics, Professor of Finance
Andrew Postlewaite
215-898-7350
Harry P. Kamen Professor of Economics; Professor of Finance
José-Víctor Ríos-Rull
Lawrence R. Klein Professor of Economics; DIRECTOR OF PENN INSTITUTE FOR ECONOMIC RESEARCH
Frank Schorfheide
215-898-8486
Christopher H. Browne Distinguished Professor of Economics
Andrew Shephard
215-898-7408
Holger Sieg
215-898-7194
Baird Term Professor of Economics (LEAVE AY 2023-2024)
Edmund J. and Louise W. Kahn Term Professor of Economics
Rakesh Vohra
215-898-6777
George A. Weiss and Lydia Bravo Weiss University Professor
M.A. Program
Who can benefit.
The program is well suited to those:
- wishing to pursue a career that requires an advanced degree in economics
- who want to pursue a Ph.D in economics but need more preparation to get into a top program
- with undergraduate training in economics in an institution that is less known to US employers and institutions
Why Penn State?
Our m.a. program.
- is administered and taught by the same tenured and tenure-track faculty who teach and supervise our PhD students. Learn more by visiting our faculty directory
- provides rigorous training in quantitative approaches as well as in economic theory. It will prepare our students for future economics-related careers, whether they are academic or not
- provides numerous research opportunities within the Department which is one of the top research institutions in the country
- offers qualified students the opportunity to take our PhD courses
STEM Designation
Our graduate program (MA and PhD) has been reclassified as STEM (CIP Code 45.0603: Econometrics and Quantitative Economics). Students in STEM degree programs can apply for a 24 month STEM extension of F1 Optional Practical Training (OPT).
Liberal Arts About the College
Information on the honors code and the college values statement for graduate students available at:
- College of the Liberal Arts Values Statement
- College of the Liberal Arts Honors Code
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Economics, B.S.
Program Code: ECLBS_BS
At which campus can I study this program?
Begin Campus
Any Penn State Campus
University Park, World Campus
Program Description
This major is designed for those who seek a broad understanding of the operation of the economic system and training in the methods and uses of economic analysis. Graduates are equipped for employment in many areas of business operations, labor unions, and agencies of government at all levels; and to undertake the graduate work necessary to become professional economists.
The B.S. degree program is intended for students with a strong interest in quantitative skills. An honors program is also offered.
What is Economics?
Economics is the study of how individuals, firms, and governments allocate their scarce resources. This major is designed for those who seek a broad understanding of the operation of the economic system and training in the methods and uses of economic analysis. Graduates are equipped for employment in many areas of business operations, labor unions, and agencies of government at all levels; and to undertake the graduate work necessary to become professional economists.
You Might Like This Program If...
You have an interest in decisions made by individuals and firms, policies made by governments, and their effects. Economists advise presidents, make forecasts about unemployment and the stock market, and create Federal Reserve Bank policies. But economists also study health care, crime, environmental issues, inequality, and more. Perhaps most importantly, Economics provides knowledge and logic for making everyday decisions, big and small. This includes everything from where to eat lunch to what career you choose.
Entrance to Major
To be eligible for entrance into the Economics (ECLBS) major, a degree candidate must satisfy requirements for entrance to the major.
Specific entrance requirements include:
The degree candidate must have completed the following entrance-to-major requirements with a grade of C or better: ECON 102 and ECON 104 .
In addition, students also must satisfy the following requirements:
- attain at least a C (2.00) cumulative grade-point average for all courses taken at the University; and
- have at least third-semester classification .
READ SENATE POLICY 37-30: ENTRANCE TO AND CHANGES IN MAJOR PROGRAMS OF STUDY
Degree Requirements
For the Bachelor of Science degree in Economics, a minimum of 120 credits is required:
6 of the 45 credits for General Education are included in the Requirements for the Major. This includes 6 credits of General Education GQ courses.
Per Senate Policy 83-80.5, the college dean or campus chancellor and program faculty may require up to 24 credits of course work in the major to be taken at the location or in the college or program where the degree is earned. For more information, check the Suggested Academic Plan for your intended program.
Requirements for the Major
A grade of C or better is required for all courses in the major. To graduate, a student enrolled in the major must earn at least a C grade in each course designated by the major as a C-required course, as specified by Senate Policy 82-44 .
General Education
Connecting career and curiosity, the General Education curriculum provides the opportunity for students to acquire transferable skills necessary to be successful in the future and to thrive while living in interconnected contexts. General Education aids students in developing intellectual curiosity, a strengthened ability to think, and a deeper sense of aesthetic appreciation. These are requirements for all baccalaureate students and are often partially incorporated into the requirements of a program. For additional information, see the General Education Requirements section of the Bulletin and consult your academic adviser.
Foundations (grade of C or better is required and Inter-Domain courses do not meet this requirement.)
- Quantification (GQ): 6 credits
- Writing and Speaking (GWS): 9 credits
Breadth in the Knowledge Domains (Inter-Domain courses do not meet this requirement.)
- Arts (GA): 3 credits
- Health and Wellness (GHW): 3 credits
- Humanities (GH): 3 credits
- Social and Behavioral Sciences (GS): 3 credits
- Natural Sciences (GN): 3 credits
Integrative Studies
- Inter-Domain Courses (Inter-Domain): 6 credits
Exploration
- GN, may be completed with Inter-Domain courses: 3 credits
- GA, GH, GN, GS, Inter-Domain courses. This may include 3 credits of World Language course work beyond the 12th credit level or the requirements for the student’s degree program, whichever is higher : 6 credits
University Degree Requirements
First year engagement.
All students enrolled in a college or the Division of Undergraduate Studies at University Park, and the World Campus are required to take 1 to 3 credits of the First-Year Seminar, as specified by their college First-Year Engagement Plan.
Other Penn State colleges and campuses may require the First-Year Seminar; colleges and campuses that do not require a First-Year Seminar provide students with a first-year engagement experience.
First-year baccalaureate students entering Penn State should consult their academic adviser for these requirements.
Cultures Requirement
6 credits are required and may satisfy other requirements
- United States Cultures: 3 credits
- International Cultures: 3 credits
Writing Across the Curriculum
3 credits required from the college of graduation and likely prescribed as part of major requirements.
Total Minimum Credits
A minimum of 120 degree credits must be earned for a baccalaureate degree. The requirements for some programs may exceed 120 credits. Students should consult with their college or department adviser for information on specific credit requirements.
Quality of Work
Candidates must complete the degree requirements for their major and earn at least a 2.00 grade-point average for all courses completed within their degree program.
Limitations on Source and Time for Credit Acquisition
The college dean or campus chancellor and program faculty may require up to 24 credits of course work in the major to be taken at the location or in the college or program where the degree is earned. Credit used toward degree programs may need to be earned from a particular source or within time constraints (see Senate Policy 83-80 ). For more information, check the Suggested Academic Plan for your intended program.
Integrated B.S. in Economics and M.A. in Economics
Requirements for the Integrated B.S. in Economics and M.A. in Economics can be found in the Graduate Bulletin .
Program Learning Objectives
- Applied Economics Fields: Students will be knowledgeable about at least two applied fields in economics.
- Economic Analysis: Students will be able to apply the tools of economic analysis, and most notably the basic supply and demand model, to various issues and phenomena, dealing with individuals, firms, markets, and public policy.
- Economics Writing: Students will be able to write a paper in economics that includes economic analysis and that is coherent, cogent, and grammatically correct.
- Intermediate Theory: Students will be familiar with intermediate microeconomic theory and intermediate macroeconomic theory.
- Quantitative Economic Analysis: Students will be able to carry out quantitative analyses of economic data.
Academic Advising
The objectives of the university's academic advising program are to help advisees identify and achieve their academic goals, to promote their intellectual discovery, and to encourage students to take advantage of both in-and out-of class educational opportunities in order that they become self-directed learners and decision makers.
Both advisers and advisees share responsibility for making the advising relationship succeed. By encouraging their advisees to become engaged in their education, to meet their educational goals, and to develop the habit of learning, advisers assume a significant educational role. The advisee's unit of enrollment will provide each advisee with a primary academic adviser, the information needed to plan the chosen program of study, and referrals to other specialized resources.
READ SENATE POLICY 32-00: ADVISING POLICY
University Park
Liberal Arts Academic Advising 814-865-2545 Use the Liberal Arts Meet the Academic Advisers web page to see the contact information for the specific adviser(s) of this program
World Campus
Undergraduate Academic Advising 301 Outreach Building University Park, PA 16802 814-863-3283 [email protected]
Suggested Academic Plan
The suggested academic plan(s) listed on this page are the plan(s) that are in effect during the 2023-24 academic year. To access previous years' suggested academic plans, please visit the archive to view the appropriate Undergraduate Bulletin edition ( Note: the archive only contains suggested academic plans beginning with the 2018-19 edition of the Undergraduate Bulletin ).
Economics, B.S. at University Park Campus
The course series listed below provides only one of the many possible ways to move through this curriculum. The University may make changes in policies, procedures, educational offerings, and requirements at any time. This plan should be used in conjunction with your degree audit (accessible in LionPATH as either an Academic Requirements or What If report). Please consult with a Penn State academic adviser on a regular basis to develop and refine an academic plan that is appropriate for you.
Course requires a grade of C or better for the major
Course requires a grade of C or better for General Education
Course is an Entrance to Major requirement
Course satisfies General Education and degree requirement
University Requirements and General Education Notes:
US and IL are abbreviations used to designate courses that satisfy Cultural Diversity Requirements (United States and International Cultures).
W, M, X, and Y are the suffixes at the end of a course number used to designate courses that satisfy University Writing Across the Curriculum requirement.
General Education includes Foundations (GWS and GQ), Knowledge Domains (GHW, GN, GA, GH, GS) and Integrative Studies (Inter-domain) requirements. N or Q (Honors) is the suffix at the end of a course number used to help identify an Inter-domain course, but the inter-domain attribute is used to fill audit requirements. Foundations courses (GWS and GQ) require a grade of 'C' or better.
All incoming Schreyer Honors College first-year students at University Park will take ENGL 137H / CAS 137H in the fall semester and ENGL 138T / CAS 138T in the spring semester. These courses carry the GWS designation and satisfy a portion of that General Education requirement. If the student’s program prescribes GWS these courses will replace both ENGL 15 / ENGL 30H and CAS 100A / CAS 100B / CAS 100C . Each course is 3 credits.
Economics, B.S. at Commonwealth Campuses
Career paths.
The field of Economics provides many opportunities (in both the public and private sector), as well as opportunities for graduate studies.
Employers know that a degree in Economics provides students with a logical way of making decisions for individuals and firms, as well as understanding the creation of policies and their consequences. Recent graduates have started private sector careers in consulting, sales, banking, and financial advising, as well as public sector careers with the FDA and DOJ. An economist will help a firm or public agency make important decisions using quantitative cost/benefit analysis, and will be able to understand how new policies will affect the firm.
Opportunities for Graduate Studies
Many schools offer graduate (both M.A. and Ph.D.) programs in Economics. In addition, with the logical thought processes learned and appropriate math background, the Economics degree will prepare students for an M.B.A. or J.D. If you are considering graduate studies in Economics, the B.S. is recommended with extra math preparation, particularly calculus and linear algebra.
MORE INFORMATION ABOUT MATH PREPARATION FOR GRADUATE STUDIES
Professional Resources
- Economics Association
DEPARTMENT OF ECONOMICS 403 Kern Graduate Building University Park, PA 16802 814-865-1457 [email protected]
https://econ.la.psu.edu
https://www.worldcampus.psu.edu/degrees-and-certificates/penn-state-online-economics-bachelor-of-science-degree
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Ph.D. Job Placements
The EEFE program was approved as new Penn State degree granting program in 2017. The degree builds on prior degrees in Agricultural Environmental and Regional Economics (AEREC) offered by the College of Agricultural Sciences, and Energy and Mining Engineering (EME Energy Policy Option) offered by the College of Earth and Mineral Sciences. The table below lists Ph.D. job placements for recent AEREC and EME (Energy Policy Option) students.
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With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department (faculty areas of interest may be found here). Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: […]
EEFE is a unique graduate program providing state-of-the-art training in economics and quantitative methods as applied to (i) energy economics, policy, and systems, (ii) natural resources and the environment, and (iii) the food system and its industrial organization.
The Graduate School at Penn State is one of the largest in the nation with more than 13,000 graduate students enrolled at the University Park campus, Penn State Erie, The Behrend College; Penn State Great Valley; Penn State Harrisburg; Penn State College of Medicine; and the Penn State World Campus.
The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences.A master's program in Economics is not offered at the University of Pennsylvania.. The program trains students to conduct ...
Penn State's Economics Department is dedicated to excellence in research and teaching. Our mission is to conduct cutting-edge research in economics and to teach students at the undergraduate and graduate level the methodology and ideas of modern economics, with the goal of training the next generation of professional economists, for academia, the government and the private sector.
In the Economics Graduate Group, we also ask that applicants discuss their relevant research experience, if any, that make Penn Economics a good fit for what you would like to accomplish in your PhD. Your statement can include specific fields of interests and specific faculty members that you think could be potential advisors. Deadline for ...
Penn State University Park; College of the Liberal Arts; Postal address. United States. Overview; Fingerprint; Network; Researchers (38) Research output (1039) ... Mark John Roberts, PhD. Economics - Professor; Federal Statistical Research Data Center - Director; Person: Academic. 1979 2022. Conor Ryan. Economics - Assistant Professor; Person ...
Penn State is a Tier 1 Research University. Students from first-semester freshmen to doctoral candidates participate in meaningful research in our labs and out in schools and communities. Current focus areas include agriculture and food systems, environment and natural resources, community development and engagement, and population processes in ...
The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences. A master's program in Economics is not offered at the University of Pennsylvania.
Economics is the study of how individuals, firms, and governments allocate their scarce resources. This major is designed for those who seek a broad understanding of the operation of the economic system and training in the methods and uses of economic analysis. Graduates are equipped for employment in many areas of business operations, labor ...
Department of Economics The Ronald O. Perelman Center for Political Science and Economics 133 South 36th Street Suite 150 Philadelphia, PA 19104. Telephone: 215-898-7701
There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. ... The Pennsylvania State University University Park, PA 16802; 814-865-1457; 814-863-4775; [email protected]; Quick Links. Graduate ...
Economics is the study of how individuals, firms, and governments allocate their scarce resources. This major is designed for those who seek a broad understanding of the operation of the economic system and training in the methods and uses of economic analysis. Graduates are equipped for employment in many areas of business operations, labor ...
The EEFE program was approved as new Penn State degree granting program in 2017. The degree builds on prior degrees in Agricultural Environmental and Regional Economics (AEREC) offered by the College of Agricultural Sciences, and Energy and Mining Engineering (EME Energy Policy Option) offered by the College of Earth and Mineral Sciences.
EAST BRUNSWICK, N.J. — No. 73 Rutgers women's tennis (10-6, 1-4 B1G) will travel to take on Penn State (3-11, 2-2 B1G) and No. 12 Ohio State (10-6, 3-1 B1G) for a pair of duals this weekend. The Scarlet Knights will face the Nittany Lions on Friday, March 29 at 3 p.m. and the Buckeyes on Sunday, March 31 at 11 a.m. RU split a pair of weekend ...