Stanford University

Overview

The PhD in Economic Analysis and Policy at Stanford University prepares students to engage in rigorous research on how economic decisions are made and the impact of policy on markets and society. The program emphasizes the development of a solid foundation in both theoretical frameworks and empirical methodologies, allowing students to collaborate closely with faculty on research projects from the outset.

• Degree: PhD (Doctor of Philosophy)
• Field: Economic Analysis and Policy
• University: Stanford University
• Credits/Duration: Typically completed in approximately 4 to 6 years, depending on research progress and dissertation completion.
• Delivery: On-campus
• Language of instruction: English
• Application fee: $125
• Standard intake: Fall (check the university's current admissions cycle for specific dates)
• Tests commonly used in review: GRE (General) and TOEFL iBT (if applicable)

What you'll study

The curriculum for the PhD program blends advanced coursework with a focus on research training. Students engage in core classes covering economic theory and econometrics, participate in research seminars, and work towards qualifying milestones and their dissertation.

Core academic areas (examples of coursework)

• Microeconomic Analysis
• Auctions, Bargaining and Pricing
• Advanced Macroeconomics
• Heterogeneity in Macroeconomics
• Econometric Methods
• Seminar in Empirical Accounting Research
• Disclosure and Financial Markets

Research and dissertation

• Research seminars: Students regularly participate in seminars to refine their research questions, methodologies, and presentation skills.
• Faculty research involvement: There are opportunities to collaborate with faculty as research assistants and to pursue independent research projects.
• Dissertation: Candidates are expected to produce a significant original contribution to economic research, often based on several research papers or a unified dissertation project.

Note: Course sequencing and requirements may vary depending on individual student backgrounds and progression. Prospective students should verify current degree requirements with the department.

Entry requirements

• Academic background: A solid foundation in economics and quantitative methods (such as calculus, linear algebra, and statistics/econometrics) is essential. Applicants should be prepared for advanced coursework in both theoretical and empirical aspects of economics.
• Standardized tests: A GRE General Test score is typically required. For non-native English speakers, a TOEFL iBT score is necessary if proficiency in English is not demonstrated through prior education.
• English proficiency: TOEFL iBT (if applicable).
• Application materials:
  • Statement of Purpose
  • Resume or CV
  • Three letters of recommendation
  • Official transcripts
  • Completed online application
• Application fee: $125

Tip: Given the competitive nature of PhD admissions, applicants should ensure their statement of purpose and references clearly articulate their preparedness for the program's focus on research and methodological training.

Career prospects

Graduates of the PhD program in Economic Analysis and Policy are well-equipped for diverse career paths. They often find opportunities in academia, government agencies, international organizations, and private sector firms. The skills gained during the program enable them to analyze complex economic issues, develop effective policies, and contribute to research that informs decision-making at various levels.

• Potential career fields include:
  • Academic Research and Teaching
  • Public Policy Analysis
  • Consulting
  • Economic Development
  • Financial Services