PhD in Economics

Admission Requirements

Applicants are considered on an individual basis. Transcripts from all colleges and universities attended in the last eight years must be submitted. In addition to the Graduate College minimum requirements, applicants must meet the following program requirements:

  • Baccalaureate Field Applicants must have a BA or BS to matriculate, but an undergraduate degree in economics is not required. Prior academic work should include three semesters of calculus, as well as linear algebra, statistics, intermediate microeconomic theory, and intermediate macroeconomic theory.
  • Grade Point Average At least 3.00/4.00 for the final 60 semester hours (90 quarter hours) of undergraduate study.
  • Tests Required GRE.
  • Minimum English Competency Test Score
    • TOEFL 550 (paper-based); 80, with subscores of Reading 19, Listening 17, Speaking 20, and Writing 21 (iBT Internet-based), OR,
    • IELTS 6.5, with subscores of 6.0 for all four subscores, OR,
    • PTE-Academic 54, with subscores of Reading 51, Listening 47, Speaking 53, and Writing 56.
  • Letters of Recommendation Three letters are required.
  • Personal Statement A personal statement is required.
  • Deadlines Application deadlines for this program are listed on the Graduate College website at http://grad.uic.edu/deadlines.

Degree Requirements

  • Minimum Semester Hours Required 104 from the baccalaureate, 72 from the master’s.
  • Course Work
Required Courses
Microeconomic Theory I
Microeconomic Theory II
Macroeconomic Theory I
Macroeconomic Theory II
Econometrics I
Econometrics II
Microeconometrics
Select one of the following areas of study:
Applied Microeconomics
Labor Economics I
Public Economics I
Two topics courses selected from the following:
Development Economics
Labor Economics II
Economics of Education
Health Economics I
Alternative topics courses may be selected in consultation with the department.
International Macroeconomics
International Monetary Policy
Time Series Econometrics
Two topics courses selected from the following:
Development Economics
Labor Economics I
Labor Economics II
Economics of Education
Health Economics I
Public Economics I
Alternative topics courses may be selected in consultation with the department.
Electives
One additional graduate-level course in economics
Two other graduate-level courses related to the student's area of study in either economics or another discipline
  • Examinations
    • Departmental Qualifying Examinations: Students must take written qualifying examinations in microeconomics, macroeconomics, and econometrics within two years after entering the program. Students who receive a failing grade on any qualifying exam on three occasions or who have not passed both the microeconomics and macroeconomics examinations by the end of their second year of study and the econometrics examination by the end of their third year of study will not be allowed to continue in the PhD program.
    • Preliminary Examinations: Students must also take a written preliminary examination. Students who receive a failing grade on the preliminary exam on two occasions will not be allowed to continue in the program.
  • Third-Year Paper The Third Year Paper is an original piece of research that conforms to the style and length of articles published in professional journals. The Third Year Paper will be supervised and graded by two faculty members, one of whom will serve as the principal advisor and be a member of the Department of Economics. The Third Year Paper should be completed by end of the third year (August).
  • Dissertation Required.

Interdepartmental Concentration in Gender and Women’s Studies

Students earning a graduate degree in this department may complement their courses by enrolling in a concentration in Gender and Women’s Studies after consulting with their graduate advisor. See Gender and Women’s Studies in the College of Liberal Arts and Sciences section of the catalog for more information.