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Economics, Ph.D.

  • Application Deadline
  • 60 months
University rank #6 (WUR) Princeton, NJ, United States
Graduate instruction in the Department of Economics is designed to lead to the degree of Doctor of Philosophy (Ph.D.) in economics. The general purpose of the graduate program is to provide thorough training in both the techniques and the applications of economic analysis.
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  • As a normal part of graduate training, students are required to serve as assistants in instruction (AIs) during their third, fourth and fifth years, teaching class sections or grading papers for either graduate or undergraduate courses. Experience gained in being an AI is very valuable for those seeking academic jobs. AIs are remunerated by the University.

Post-Generals Requirement(s):

Choice of Adviser Requirement

  • Students are required to choose an adviser before the end of their fifth semester of study in the program. The adviser must agree to supervise the student’s research for (at least) the remainder of that year. Though this initial adviser does not necessarily become the chair of the student's dissertation committee, students are required to have an adviser who agrees to chair the committee by the beginning of the seventh semester of study. This latter deadline is an outer limit, not a recommendation. Ideally students should find a dissertation committee chair during the third year.

Research Paper and Seminar Requirements

  • In the third year, students are required to write a research paper on a topic of their choice. They must complete this paper with a grade of B or better by the end of their third year in order to continue in the program.
  • All students are encouraged to attend weekly seminars in their area of interest. Students who have passed their generals are expected to regularly attend one weekly seminar and present their job market paper in a relevant seminar when it is ready.

Detailed Programme Facts

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

Programme Structure

Courses include:
  • Mathematics for Economists
  • Microeconomic Theory I
  • Macroeconomic Theory I
  • Advanced Economic Theory I
  • Econometric Modeling
  • Econometric Theory I
  • Advanced Econometrics: Nonlinear Models
  • Economics and Politics
  • Advanced Macroeconomic Theory I
  • Public Finance I
  • Asset Pricing
  • Economics of Labor
  • Industrial Organization and Public Policy
  • International Trade I
  • International Monetary Theory and Policy I
  • Economic Development I
  • Microeconomics Theory Workshop
  • Microeconomic Policy
  • Macroeconomics/International Finance Workshop
  • Labor Economics/Industrial Relations Seminar

English Language Requirements

  • 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 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. Read more about TOEFL iBT ®.

    Schedule TOEFL®

Academic Requirements

  • 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

Application Requirements:

  • Statement of Academic Purpose
  • Resume/Curriculum Vitae
  • Recommendation Letters
  • Transcripts
  • Fall Semester Grades
  • Prerequisite Tests
  • English Language Tests
  • General test
Additional Departmental Requirements:
  • Application Fee: $90
  • Working knowledge of multivariate calculus and matrix algebra. Applicants must complete the ECO course list in the application.

Tuition Fee

  • International

    49450 USD/year
    Tuition Fee
    Based on the original amount of 49450 USD per year and a duration of 60 months.
  • National

    49450 USD/year
    Tuition Fee
    Based on the original amount of 49450 USD per year 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.

For Ph.D. candidates, tuition and fees are provided in the form of tuition support from fellowships, assistantships, or external sources.

Living costs for Princeton

  • 2022 - 4980 USD/month
    Living Costs

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


Sources of Funding
  • Fellowships
  • Assistantships
  • External Funding
  • Veteran's Benefits
  • Travel Grants
  • Education Loans and Work Study
  • Assistance Programs

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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