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The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences . A master's program in Economics is not offered at the University of Pennsylvania.

We look forward to receiving your applications to our program this fall. Applicants are accepted only for full-time work towards the Ph.D. degree. Part-time admissions and terminal Master's applications are not considered. The application system for Fall 2023 is expected to open on October 1, 2022.

The program trains students to conduct outstanding research in economics. All major areas of economics are covered, with particular strengths in theoretical and empirical microeconomics and in modern macroeconomics. Graduates of the program obtain positions at leading universities, research institutions, and government agencies around the world.

Students in this program acquire a thorough knowledge of economic theory and econometric methods before they begin their own research. They meet a series of requirements during their first years in the program, and thereafter devote most of their time to the writing of a dissertation . The median length of time required for completion is 5.25 years. Almost all students are supported by combinations of fellowships, research assistantships, and teaching assistantships during at least their first five years of study.

2022-23 Job Market Candidates

Penn Ph.D. students seeking jobs during the 2022-23 academic year.

Graduate Program Information

Prospective students can learn about the graduate program here.

Graduate Requirements

Necessary requirements forms for all Department of Economics Graduate Ph.D. students.

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9 Programs of Study

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The application for Fall 2023 is now closed. The deadline to apply each year is December 15th.

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There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. A minor in economics is open to students enrolled in any college. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). A departmental honors program provides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students.

Penn State now offers a two-year program designated only for the M.A. degree in economics. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree

With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more.

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Welcome to the Department of Economics

Penn State’s Economics Department is dedicated to excellence in research and teaching. Our mission is to conduct cutting-edge research in economics and to teach students at the undergraduate and graduate level the methodology and ideas of modern economics, with the goal of training the next generation of professional economists, for academia, the government and the private sector.

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Applied Economics, PhD

Combining the faculties of the departments of Real Estate and Business Economics & Public Policy, Wharton’s Applied Economics program leverages the breadth and depth of its faculty to prepare students for careers doing frontier theoretical and empirical research. Students can focus on a variety of areas including Behavioral Economics, Development Economics, Energy and Environmental Economics, Industrial Organization, Market Design, Public Economics, Risk Management, and Urban Economics and Real Estate. Students may also develop an inter-disciplinary focus by taking courses and working with faculty in some of the other departments at Wharton such as Finance, Health Care Management, Management, and Marketing.

For more information: https://doctoral.wharton.upenn.edu/programs-of-study/applied-economics/

View the University’s Academic Rules for PhD Programs .

Required Courses

The course of study for the Ph.D. in Applied Economics requires the completion of 15 graduate course units. The common core consists of 3 theory courses and 3 statistics/econometrics courses. Students are also expected to master two field areas by passing two courses in each (total of 4 courses units). The remaining course units necessary to achieve 15 are split between the mandatory graduate student research seminars and other electives.

Students may also take STAT 9210 , STAT 5200 , and STAT 5210 .

Taken in the Spring and Fall of years 2 and 3 for 0.5 cu each

The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2022 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.

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PhD Program

Wharton’s highly selective Ph.D. program in Applied Economics offers students many resources not available at other institutions, such as a 1:1 faculty to student ratio and an up-front guarantee of five years of funding with minimal teaching requirements. Combining the faculties of the departments of Real Estate and Business Economics & Public Policy, Wharton’s Applied Economics program leverages the breadth and depth of its faculty to prepare students for careers doing frontier theoretical and empirical research. Students can focus on a variety of areas including Behavioral Economics, Development Economics, Energy and Environmental Economics, Industrial Organization, Market Design, Public Economics, Risk Management, and Urban Economics and Real Estate. Students may also develop an inter-disciplinary focus by taking courses and working with faculty in some of the other departments at Wharton such as Finance, Health Care Management, Management, and Marketing.

All admitted students are granted a fellowship, including tuition, fees, and stipend. Details about the application process, deadlines and requirements are available here

Program Requirements

Prospective students interested in pursuing a degree in Applied Economics must apply for admission to the Wharton Doctoral Programs in Applied Economics.

Applicants may, if they wish, indicate a preferred field of study in their application. All applicants must provide valid test scores — the Applied Economics program accepts only the GRE. We do not require a minimum GRE score, however math scores among students admitted in the last few years were all above the 90 th percentile. In making our decision, we look at your GRE scores as well as the rest of your application: grades, coursework, work and research experience, essays, and recommendation.

We recommend at least three courses in mathematics, such as calculus, linear algebra, and real analysis, and at least three courses in statistics/econometrics. We prefer an economics undergraduate degree along with the math requirements noted above or a math/statistics degree with several courses in economics (at least up through intermediate microeconomics and macroeconomics).

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Economics Graduate Programs in Pennsylvania

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School of Engineering and Applied Science - University of Pennsylvania

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Dietrich College of Humanities & Social Sciences

Pittsburgh, PA •

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Carnegie Mellon University ,

PITTSBURGH, PA ,

College of Business - Lehigh University

College of Science and Mathematics - Cal Poly - San Luis Obispo

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Smeal College of Business

University Park, PA •

Penn State •

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Graduate Economics Programs in Pennsylvania

Economics Graduate Programs explore the theories, methods, and principles of economic and statistical data in areas such as finance, labor, and agriculture.

Economics is the branch of knowledge that studies the production and distribution of resources, goods, and services as a social science. Graduate economics programs typically stress the application of economics theory to modern economic problems.

Students who work to earn a Economics Graduate Programs might develop original research skills and the ability to think critically as they evaluate economic issues and trends with an eye to problem-solve.

What are Economic Graduate Programs?

Economics Graduate Programs could offer programs of study that lead a Masters and or Doctor of Philosophy (PhD) in economics. For those who want to pursue graduate studies in economics, a graduate certificate may be an option.

Application Information

Applicants typically need a bachelor’s degree from a regionally accredited college or university. Other possible entry material could include GRE scores, letters, personal statement, and prerequisite courses. Graduate studies in economics are often highly mathematical although economics graduate programs have diverse admissions requirements. Sometimes, a university might offer preparatory courses in mathematics and statistics for students who do not have a strong foundation and come from a non-math background. For those who want to prepare, it may be wise to take courses such as calculus, linear algebra, or mathematical statistics prior to their economics program.

What are Graduate Economic Courses and Curriculum?

Economics Graduate Programs cover a dynamic field that might discuss scarcity, gender pay inequality, and topics like wealth and finance. As a broad discipline, economics could put into perspective historical patterns and use this information to interpret modern economic problems. Economics is therefore useful as it could provide the means for decision-makers to make informed forecasts and use mathematics to address matters both small and large.

Two of the main areas on this scale of decisions pertain to: (1) microeconomics and (2) macroeconomics. The study of individual decisions (e.g. family medical debt) is called microeconomics. The study of the (entire) economy is called macroeconomics (e.g. national deficit).

To address the variety of theories and their uses, economics graduate programs are more theory-focused (prepare students for research as part of a PhD) or applied/career-focused (prioritize professional skills and practical analysis). Thus, where your interests lie, and what career pursuits you have in sight could help determine the type of graduate economics program that you select.

Information for environmental economists: Economics graduate programs in Pennsylvania

What is a master’s degree in economics program?

A Masters Degree in economics is a graduate level program that awards either a Master of Arts (MA) or Master of Science (MS) degree. Either program may involve two years of post-baccalaureate study. But the MS tends to be more technical while the MA often covers more theory. It could be either a terminal degree or a platform for more advanced (doctoral-level) study. Most Masters in Economics programs could involve two years of post-baccalaureate study. Students who complete a Master’s degree are often expected to have a solid grasp of microeconomics and macroeconomics, quantitative analysis (e.g. comparative statistics), and econometrics.

Terminal Master’s degree requirements generally include completion of a Master’s thesis. A thesis could spotlight a student’s ability to conceive and conduct independent research under the guidance of a thesis committee.

Master of Arts in Economics Programs

A Master of Arts (MA) in Economics program covers how to analyze data, apply analysis to economic policy, and translate this information to a wide audience. Students may be required to take 30 credit hours or more and to complete a capstone project in some universities.

Curriculums often meld coursework in functional economics theory with practical application. For instance, students might start out with courses in mathematical economics, micro and macroeconomics theories, and applied econometrics. These courses could enable students to further interpret complex mathematical concepts and use them to solve real-time challenges. To tailor their studies to specific interests, students might also take elective courses in variety of topics. Several examples are highlighted below.

Furthermore, economics students might learn to use Stata, which is a statistical software tool that analyzes data. The strong emphasis on quantitative methods might prepare students to pursue a PhD in Economics. To this point, in some schools, a Master of Arts (MA) in Economics is awarded after a completion of a designated phase of a broader PhD program.

DID YOU KNOW? According to BLS , Most economists need a master’s degree or Ph.D.

Master of Science in Economics Programs

Master of Science (MS) in Economics programs could be highly technical and focused on theory and applied research. Curriculums may start students out with short basic courses in Mathematics, Statistics and Econometrics. These courses could help MS students review material in topics such as matrix algebra and optimization. From there, students might take core courses in microeconomics, macroeconomics, econometrics.

Macroeconomics courses generally speak to economic growth, business cycles and monetary policy. Students might also study topics such as consumption, investment theory and unemployment. These courses analyze the different theoretical approaches and how they relate to macroeconomics policy. Microeconomics courses might cover a range of topics from consumer and producer theory to game theory and mechanism design. Econometric methods such as panel data likelihood and testing might enable students to critically assess applied work.

Optional courses in some MS in Economics programs could draw from the examples below.

To cap their program, MS students may form small teams to work on a practical econometric project. The project could provide hands-on experience as they identify and test a hypothesis, read current literature, and work with data sets and econometrics software to analyze their findings. Usually, the results are written up in a report.

Economics Graduate Programs: Concentration Areas

Concentration options may provide a framework by which graduate students might structure their program to achieve individual goals. Each economics graduate school might offer distinct areas of emphasis. Some students might also collaborate with a graduate advisor to design a general economics degree plan.

Behavioral Economics: A Master of Arts in Behavioral Economics could provide a foundation in advanced psychology with a focus on business applications. Students might therefore study negotiation, marketing, consumer behavior and the ways humans make decisions.

International and Development Economics: A Master of Science in International and Development Economics (IDEC) may equip students with the knowledge and skills to understand how market forces could be harnessed to empower developing countries to break from cycles of poverty. Coursework could address environmental and economic development issues, policies, and strategies.

Financial Economics: A Master of Science in Financial Economics might explore domestic and international financial markets. Coursework might also cover the principles of financial decision-making in the banking, investment management, and corporate financial management professions. Students may also enroll in MBA courses and work to complete a research project in the field of financial economics.

How does a master of arts (MA) in economics differ from a master of science (MS) in economics?

Both the Master of Arts (MA) and Master of Science (MS, MSc) in Economics are postgraduate degrees that could require about the same time to complete. That said, the MA in Economics often focuses on the study of economics as a discipline. Applicants might have a Bachelor’s degree in any major. By contrast, a Master of Science (MS) in Economics focuses more on the study or scientific principles in the field of economics, and applicants may need a Bachelor of Science as a prerequisite. It is important to note that each school may define their programs differently, so it is a good practice to refer to individual economics graduate schools.

What is a PhD in Economics Programs?

A PhD in Economics is the most advanced degree in the field of economics, and is generally thought of as a research degree. Those who work towards their PhD typically need several years of post-baccalaureate study.

Successful doctoral students may need to meet the same expectations as Master’s students. However, they usually must also demonstrate a depth of knowledge in at least two focused fields of study. In addition, candidates need to be able to do independent research that informs theory and/or policy with possible publication in a peer-reviewed journal.

Curriculums could include advanced courses in the following topics.

Most Economics PhD programs require students to pass one or more examinations (often called preliminary, qualifying, or core examinations) before they may continue their Ph.D. studies with targeted emphasis courses. Once this part is completed, candidates might develop a research plan for their doctoral dissertation.

In many Ph.D. programs the proposed research path is the subject of an oral examination before it is approved. The PhD is awarded after successful defense of the doctoral dissertation, usually during a final oral examination. That said, PhD students may need to teach one economics course at either the graduate or undergraduate level as part of their program requirements.

What Is JEL Classification?

The JEL classification system was developed for use in the Journal of Economic Literature (JEL). It is a standard method used to classify scholarly literature in the field of economics. The system is used to organize articles, dissertations, books, book reviews, and working papers in EconLit, and in many other applications. Several areas are listed below.

PhD in economics faculty may be able to supervise dissertations in specific areas. Therefore, interested students might factor in the type of research they want to conduct then search for a school where they might propel their research forward through faculty mentorship.

Economics Graduate Certificate

An economics graduate certificate may provide students with a series of courses that may expand or update current knowledge.

Post-masters certificates are usually intended for those who hold a Master’s in Economics or Statistics. These programs might require students to take about four courses that target a single theme. Students may have the flexibility to choose the courses they want to study from an approved list. For instance, students who enroll in a Post-Master’s Certificate in Quantitative Methods in Applied Economics might study real risk, cost-benefit analysis, machine learning in statistics, and financial econometrics.

Micro Masters certificates are a bit different. These programs typically require students to have a Bachelors degree. Students must satisfactorily complete a series of courses that focus on industry-specific skills to earn their certificate. Then, they might apply to schools where the earned credits could be transferred into a Masters program. For instance, those who enroll in an edX Professional Certificate in Project Finance and Public Private Partnerships might learn about the accounting and economic drivers that motivate the use of Project Finance.

Campus or Online Economics Degree?

Economics graduate programs may be offered in several formats. On-campus programs might suit those who want a more interactive and residential course of study. Online programs might suit at-work students who want to further their education but need a flexible way to do this. Whatever your preference, use it to filter results for economics graduate schools in that category. Or, search for programs in a specific location.

Why a earn a Graduate Degree in Economics?

Most economist jobs, (other than entry-level government) require a Masters or PhD. Having a PhD might also prepare you to teach and continue to research which may help in the job market. Per the Bureau of Labor Statistics ( BLS ). Therefore, students who want to pursue careers in business, research, or international organizations may find they need a mix of graduate education and work experience. In addition, courses that introduce students to statistical analysis software could be helpful. Strong analytical skills, experience with this type of software, and a graduate degree could provide graduates with more favorable career prospects.

Popular Schools with Economics Graduate Degrees in Pennsylvania

Bureau of Labor Statistics

Now you’re equipped with the information you need to start your search for a graduate program in economics in Pennsylvania. The academic path you choose may depend largely on what you plan to do after you complete your degree. To a certain extent, you want to not only prepare yourself with an education but also the ‘right’ education for the type of career you want to lead.

Don’t be shy, reaching out to more than one economics school may increase your chances of achieving your goal. Just click request info, fill out the for, and be sure you understand the ins and outs of each program.

Why wait? You future Economics Graduate Program could be one click away!

GradSchools.com offers 6 Graduate Schools with Economics Graduate Programs in Pennsylvania

Johns hopkins university, liberty university online, southern new hampshire university, temple university, carnegie mellon university, university of pittsburgh, boston theological institute, lehigh university, eastern university.

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Graduate Program
The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences. A master's program in Economics is not offered at the University of Pennsylvania.
Economics, PhD < University of Pennsylvania
The graduate economics program at Penn is a Ph.D. program administered by the Graduate Group in Economics, which consists of the faculty of the Department of Economics, and some of its secondary appointments in the Wharton School and the School of Arts and Sciences. A master's program in Economics is not offered at the University of Pennsylvania.
Applied Economics
Visit the Applied Economics site for details on program requirements and courses. Read faculty and student research and bios to see what you can do with an Applied Economics PhD. Go to Applied Economics site Contact Applied Economics Doctoral Coordinator Prof. Eduardo Azevedo Professor of Business Economics and Public Policy
Wharton Doctoral Program
Wharton Doctoral Program offers 9 academic programs for PhD degrees and research careers in business, economics, finance, marketing, public policy, more.
Ph.D . Program
Initial Placements of Ph.D. Graduates Contact With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department (faculty areas of interest may be found here) .
Department of Economics
Our mission is to conduct cutting-edge research in economics and to teach students at the undergraduate and graduate level the methodology and ideas of modern economics, with the goal of training the next generation of professional economists, for academia, the government and the private sector. News Honorary Doctorate for James Tybout
Applied Economics, PhD < University of Pennsylvania
Applied Economics, PhD Combining the faculties of the departments of Real Estate and Business Economics & Public Policy, Wharton's Applied Economics program leverages the breadth and depth of its faculty to prepare students for careers doing frontier theoretical and empirical research.
PhD Program
PhD Program. Wharton's highly selective Ph.D. program in Applied Economics offers students many resources not available at other institutions, such as a 1:1 faculty to student ratio and an up-front guarantee of five years of funding with minimal teaching requirements. Combining the faculties of the departments of Real Estate and Business ...
PhD in Economics Programs in Pennsylvania
Applicants to PhD in Economics programs in Pennsylvania must have at least a bachelor's degree. Some of these PhD programs may require applicants to meet a specific GPA requirement, such as a 3.0 on a 4.0 scale for undergraduate coursework and/or a 3.3 GPA for any graduate-level coursework.
Doctorate in Economics Programs in Pennsylvania
Best Economics Doctorate Programs in Pennsylvania. See requirements for Economics PhD programs and accredited schools 2023 - 2024.
Top Economics Graduate Programs in Pennsylvania
Glenside, PA •. Arcadia University •. Graduate School. •. 4 reviews. Doctoral Student: the physical therapy program is incredible! The faculty are super knowledgeable about every aspect of the profession and are always willing to help you outside of class. The integrated curriculum is superior to any higher education learning I've done in ...
Economics Graduate Programs in Pennsylvania 2023+
Graduate Economics Programs in Pennsylvania. Economics Graduate Programs explore the theories, methods, and principles of economic and statistical data in areas such as finance, labor, and agriculture. Economics is the branch of knowledge that studies the production and distribution of resources, goods, and services as a social science.