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Managerial Economics & Strategy, Ph.D.

  • Application Deadline
  • 60 months
    Duration
University rank #31 (QS) , IL,
The PhD program in Managerial Economics & Strategy (MECS), a program offered jointly by the Departments of Managerial Economics & Decision Sciences (MEDS) and Strategy, emphasizes the use of rigorous theoretical and empirical models to solve problems in both theoretical and applied economics.  A distinctive feature of the program 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.

About

A distinctive feature of the program 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.

Detailed Programme Facts

  • 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:

    7

    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.

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  • Minimum required score:

    100

    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 ®.

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  • Minimum required score:

    600

    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.

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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.

Funding

The Kellogg School of Management provides financial aid to admitted PhD students, including international students, for five years. The financial aid package includes:

  • Fellowship stipend
  • Teaching and/or research assistantship
  • Tuition scholarship
  • Payment of the Northwestern University student health insurance fee
  • Subsidy for purchase of a laptop computer
Doctoral students who receive financial assistance during the first year of study may expect this assistance to be renewed annually through year five, providing they achieve satisfactory progress and meet program-specific requirements. For professional development purposes, in years two, three, and four, a portion of the student’s stipend is allocated toward wages for teaching and research assistance for approximately 10 hours per week. Opportunities to teach may also be made available by the department.

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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