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Economics, Ph.D.

  • Application Deadline
  • 60 months
University rank #107 (WUR) Charlottesville, VA, United States
The success of the PhD Economics program at the University of Virginia is reflected in our graduates' job placements, which include highly ranked universities, such as Chicago, Columbia, UCLA, Cornell, as well as excellent undergraduate institutions, such as Carleton and Brandeis. In a recent survey, UVA ranked fourteenth among graduate programs in academic placement. 
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Many students also find summer or permanent employment in the nearby Washington area, e.g., at the International Monetary Fund, the World Bank, the Federal Reserve Board of Governors, and the Congressional Budget Office.

About twenty eighteen people enter the graduate program each year. At any given time there are approximately 90 students in residence. Classes are small and students are able to work closely with faculty. Graduate students are provided with two computer labs, both equipped with up-to-date PCs and a wide selection of software.

Applications and all credentials must be submitted through the Graduate School of Arts and Sciences' online application. The non-refundable application fee must be paid online via credit card. If you are eligible for an application fee waiver, please contact the Graduate School when you are ready to apply. The School's Dean of Admissions may waive the fee to members of certain organizations. 


The University of Virginia is an accredited member of the Southern Association of Colleges and Schools Commission on Colleges ("SACSCOC" or the "Commission"). Every 10 years, the University undergoes an extensive reaffirmation process according to the guidelines and principles established by SACSCOC. The University completed its most recent reaffirmation in 2007. In between decennial reaffirmations, the University is required to submit a Fifth-Year Interim Report. The University submitted this report in March 2013. In June 2013, the SACSCOC Board of Trustees accepted the University's Fifth-Year Interim Report, without recommendation.

Detailed Programme Facts

  • Programme intensity Part-time
    • Average part-time duration 60 months
    • Intensity Flexible
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include: 

  •  Microeconomic Theory I 
  •  Microeconomic Theory II 
  •  Macroeconomics Theory I 
  • Macroeconomics Theory II
  • Econometrics I 
  •  Econometrics II
  •  Microeconomic Theory III

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®
  • 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. Read more about TOEFL®PBT.

    Schedule TOEFL®

General Requirements

Applicants do not need a prior degree in economics, but they do need strong math skills, including a working knowledge of calculus and algebra. A successful record in courses such as advanced calculus, linear algebra, intermediate microeconomics, intermediate macroeconomics, real analysis or differential equations, and either mathematical statistics (taught in a math department) or econometrics increases an applicant’s chances of admission and subsequent success in the program.

The following items must be submitted with the application:

  • Statement of purpose
  • Transcripts
  • Two letters of recommendation
  • CV or resume
  • Standardized test scores
  • An application fee of $85

Tuition Fee

  • International

    526 USD/credit
    Tuition Fee
    Based on the original amount of 526 USD per credit and a duration of 60 months.
  • National

    526 USD/credit
    Tuition Fee
    Based on the original amount of 526 USD per credit and a duration of 60 months.
  • In-State

    526 USD/credit
    Tuition Fee
    Based on the original amount of 526 USD per credit 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 Charlottesville

  • 990 - 1600 USD/month
    Living Costs

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


Students admitted to the program are offered an aid package of $20,000 during the 2014-2015 academic year.Admitted students will also receive full funding for their tuition, enrollment fees, and the health insurance premium for single-person coverage through the University. This award package, comprised of fellowships and assistantships, will be renewed up to a total of five years, contingent on satisfactory academic performance, successful fulfillment of assigned duties as a teaching or research assistant, and compliance with all applicable University, School, and departmental policies, including but not limited to those governing student conduct, academics, and Honor. Students are strongly encouraged and supported in their efforts to secure additional research funding from the University and elsewhere to supplement this aid.The faculty regards training in teaching as an essential aspect of graduate education, although students will not be expected to teach during their first year of study. Duties as a student will include appointments as a Graduate Teaching Assistant in years two through five, and involve approximately ten hours of effort per week. Students in years four and five may be offered the opportunity to serve as instructors. Many of our fifth-year students win Bankard Dissertation Fellowships that reduce or eliminate teaching responsibilities during that year. A limited number of teaching and research assistantships are available to students who have exhausted the five years of funding offered upon admission.Our Department strongly supports, and adheres to, the Council of Graduate Schools' Resolution regarding the April 15 decision deadline, which says "Students are under no obligation to respond to offers of financial support prior to April 15; earlier deadlines for the acceptance of such offers violate the intent of this Resolution."(No additional financial aid application is necessary. However, if you are a U.S. citizen or permanent resident and wish to apply for a student loan, see Student Financial Services.)Once enrolled, you will have the opportunity to earn additional and alternative awards, such as research assistantships (RAs), the Bankard Pre-doctoral Dissertation Fellowships, the Graduate Teaching Award, and the Department's Snavely Awards for Outstanding Summer Papers, Outstanding Dissertation Proposals, and Outstanding Dissertations ($1,000 - 4,000 each).

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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