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Managerial Economics & Strategy, Ph.D.

  • Anytime
    Application Deadline
  • 60 months
University rank #24 (WUR) Evanston, IL, United States
The PhD program in Managerial Economics & Strategy (MECS), a program offered jointly by the Departments of Managerial Economics & Decision Sciences (MEDS) and Strategy at the Northwestern University, emphasizes the use of rigorous theoretical and empirical models to solve problems in both theoretical and applied economics.  
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Key facts:

  • A distinctive feature of the Managerial Economics & Strategy program at the Northwestern University is its focus on rigorous methods and insights drawn from microeconomics.  The program should appeal to students who wish to investigate economic questions in scenarios where the actions of individual decision makers (such as individual people, firms, or countries) play a key role in determining outcomes.  The program is appropriate for students with an aptitude for analytical thinking, mathematical modeling, and formal analysis.
  • The MECS program produces research scholars who obtain academic positions at top economics departments and business schools throughout the world.  This objective is achieved by restricting class sizes (averaging 5-6 students entering per year), accelerating students’ exposure to the development of research ideas, and by providing access to courses taught in the MEDS and Strategy Departments along with Northwestern’s Economics Department.

Detailed Programme Facts

  • More details:
    • We accept applications once a year, fall quarter only.
  • Programme intensity Full-time
    • Full-time duration 60 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Active Research Areas: 

  • contract economics, decision theory, development economics, economics of innovation, economics of organization, economic theory, game theory, health economics, industrial organization, mechanism and market design, technology and innovation, political economy, and social choice

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.

  • 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

  • This programme does not recognise GRE® scores.

    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

  • Academic Background
  • Statement of Purpose
  • Transcripts
  • Resume
  • Recommendation Letters
  • Test Scores
  • Certification of Proficiency in English

Tuition Fee

Living costs for Evanston

  • 1100 - 1500 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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