The objective of the PhD program in Economics is to prepare students for careers in teaching, research, government agencies, and business in the United States and abroad. The course of studies provides a solid foundation in economic theory, econometrics, and various applied fields. Students will gain technical proficiency in the core disciplines, learn to develop independent models, and undertake empirical research in an applied field of study.
The internationally recognized faculty of the Department of Economics is committed to providing students with an excellent educational experience that develops the tools, talents, and knowledge necessary to accomplish their academic and professional goals.
All doctoral candidates must satisfactorily complete the 39 hours of course work listed below. Students must also register for graduate seminar each semester they are in residence. PhD students will have two fields of study, which will normally be a) Industrial Organization and b) International Macroeconomics and Development. Students will select one field as a major field and must pass the Field Examination in that area. This exam will normally be completed in the summer after a student’s second year in the program. All students in the program participate in Candidacy Examinations. The successful student must pass written exams in microeconomics and macroeconomics. A dissertation and dissertation defense complete the program requirements.
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Fields of Study
At the beginning of the second year of study students will choose a field of study. These fields include: Industrial Organization and International Macro and Development. Students in the PhD program will consult with the economics PhD coordinator to determine the appropriate field for the individual’s abilities and talents.
Prerequisites for the PhD in Economics include intermediate microeconomic theory, intermediate macroeconomic theory, two semesters of calculus, statistics, and linear algebra. Applicants to the program are required to take the GRE and complete the Sam M. Walton College of Business PhD Application for Admission. For more information about the program or the admissions process, contact Dr. Peter McGee, PhD Program Coordinator, at email@example.com. Application deadline is January 15th.
No. Admission to the University of Arkansas Graduate School requires a conferred baccalaureate degree. In the U.S. educational system, bachelor's degree recipients have 16 years of formal education — 12 years of elementary and secondary education plus four years of post-secondary study — which qualify them for admission to advanced degree programs. This is the benchmark we use to evaluate foreign educational systems.
The prerequisites for the PhD in Economics program are (1) a bachelor's degree from an accredited institution with a satisfactory grade-point average, (2) a satisfactory score on the Graduate Record Examinations (GRE), and (3) satisfactory performance in the following courses: intermediate microeconomics, intermediate macroeconomics, statistics, two semesters of calculus, and linear algebra.
Students admitted to a Walton College PhD program may receive graduate assistantship funding which includes a full tuition waiver and an annual stipend of $17,800.
Highly qualified students may be nominated for fellowship funding up to $22,000 per year in addition to the assistantship award. For further details, see PhD Assistantships or email the Graduate School of Business at firstname.lastname@example.org.
Students typically teach 6 hours or 2 courses per year. However, you will not teach your first semester in the program. Prior to asking you to step into the classroom, we prepare you to teach effectively by requiring participation in our Doctoral Teaching Seminar during the first semester. This seminar, along with support from our Center for Teaching Effectiveness and Faculty Development, provides the resources you need to excel.