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Economics, Ph.D.

  • Application Deadline
  • 60 months
University rank #251 (WUR) Buffalo, NY, United States
Economics is a science that deals with the allocation of scarce resources to satisfy competing ends. It deals with choices that individuals, corporations, investors and governments make to maximize individual welfare, as well as with the way that efficient markets, trade, and exchange operate to enhance economic growth, and social welfare.
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Our internationally distinguished faculty provide our students knowledge that will help expand their employment and earning opportunities in the private and public sectors, and apply economic principles in their daily lives.

The UB Department of Economics is committed to the educational goals of the College of Arts and Sciences and dedicated to creating and maintaining a positive, interactive and personal educational experience geared toward student success. 

We offer lecture and seminar courses with various class sizes, and all of our courses support a mentor/mentee relationship between faculty and students. At the introductory level, students may participate in recitations and/or quantitative reasoning courses to enhance their foundational understanding. Our upper-level courses are designed to be small and facilitate the close faculty support that streamlines our students' path to success. 

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 60 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Upon successful completion of the PhD in Economics, students will:

  • Demonstrate an in-depth knowledge of microeconomic and macroeconomic theories and methods of analysis.
  • Demonstrate mastery of the issues, theories and latest advances in one of the sub-fields of economics offered by the program.
  • Demonstrate ability to conduct independent and original basic and applied research in economics.
  • Achieve a high level of competence understanding the most recent theoretical and quantitative methods in economics.
  • Acquire employable skills (i.e. teaching experience) to further professional endeavors. Most graduates pursue academic teaching and research careers, while others find rewarding careers in federal, state or local government, or in the private sector, both at home and abroad. 

English Language Requirements

  • Minimum required score:


    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120.

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Get a free IELTS practice test
  • Minimum required score:


    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks.

Academic Requirements

You need the following GPA score:

Required score: 3

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

U.S. Bachelors Degree or equivalent:

  • We prefer Economics majors who have a strong undergraduate record with a strong quantitative background. 
  • Exceptions can be made for those who have strong quantitative skills but have minimal exposure to economics. 
  • For example, we occasionally admit applicants who have majored in Math, Physics, Engineering, and others, but with some exposure to Economics. 
  • At a minimum, applicants should be familiar with the undergraduate course content of intermediate macro- and microeconomic theory and with statistics.

Tuition Fee

  • International

    24540 USD/year
    Tuition Fee
    Based on the original amount of 12270 USD per semester and a duration of 60 months.
  • National

    24540 USD/year
    Tuition Fee
    Based on the original amount of 12270 USD per semester and a duration of 60 months.
  • In-State

    6870 USD/year
    Tuition Fee
    Based on the original amount of 3435 USD per semester and a duration of 60 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Buffalo

  • 920 - 1560 USD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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