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Phd in economics, on campus and online options, a focus on policy research.

Our innovative Ph.D. program provides you with the advanced theoretical, quantitative, and statistical skills required to perform and interpret economic analyses in a wide range of policy-oriented areas. Graduates of the PhD in Economics program work in a broad range of in-demand fields including economic consulting and research, policy analysis and evaluation, forecasting, data science, risk analysis, and academia.

Our program focuses on producing top-quality policy-oriented researchers through rigorous training in advanced empirical analysis and economic modeling. You will be prepared to perform and interpret cutting-edge economic analyses in a wide range of areas including education, environmental policy, health, labor, public economics, macroeconomics and banking, and technology and innovation.

Collaborative research experiences with invested instructors sharing a deep commitment to teaching and scholarship

45-72 Hour Program

Earn a PhD in Economics in as little as three years

Customizable

Select a focus on: Public, labor, health, environmental economics, economics of technology and entrepreneurship, macroeconomics

Admission Requirements

Admission to the Ph.D. program requires the submission of a completed application including Graduate Record Examination (GRE) test scores and a completed bachelor’s degree with coursework in the following:

Intermediate microeconomics
Intermediate macroeconomics
Regression analysis
Mathematical economics or equivalent

Students who enter the program with a master’s degree in economics may be eligible to waive up to 15 credit hours, depending on their coursework.

General Program Of Study

An established legacy of excellence since 1935, the department of economics has celebrated more than 80 years of service in education and developing researchers., full & part-time program options.

We offer full-time and part-time options for completing the PhD in economics program. For those who wish to pursue the program full-time, this program can be completed in as little as three years. For those who would rather pursue the program part-time, we will sit down and work out your plan of study to fit your needs and desires. The time to complete the PhD degree part-time will depend on the specifics of that plan of study, but a common plan results in completion in five or six years.

Check Out Our Program Fact Sheet

Program costs.

Estimated program costs are based on completing 45 credit hours calculated by 2021-2022 rates. Costs exclude textbooks and student health insurance. If you would like to view a complete schedule of tuition, fees, meal plans and financial aid opportunities, visit the Spartan Central website .

The Department typically provides tuition waivers to well-qualified doctoral applicants along with a stipend, fellowship, or scholarship to reimburse student fees and the majority of cost of living expenses. Additionally, information on financial assistance is available through the Spartan Central website .

February 1st – Priority deadline

Complete applications submitted by this date are given first priority for admission and for financial support through fellowships, scholarships, and assistantships.

May 15th – Standard deadline

Complete applications submitted by this date will be considered for admission and for financial support after applications that were submitted by February 15 have been evaluated.

2021 Class Profile

Female Students

International Students

Minority Students

Average Class Size

Mean Undergraduate GPA

The Student Experience

Close collaboration with faculty.

Our PhD students work under the guidance of faculty who conduct nationally and internationally recognized research that promotes economic understanding, policy improvements, and economic development. Whether it is classroom interactions or one-on-one discussions, you’ll find our faculty always have time to support you as you make your way through the PhD program.

Classes at the doctoral level are small, and students benefit from direct and frequent interactions with faculty. Students begin working in applied research early in their programs and are encouraged to work with faculty to identify policy problems they want to investigate through their dissertations. They frequently work with faculty on grant-funded research, and co-author papers with faculty for presentation at regional and national professional meetings.

Students Who Work (and Play) Together

Because our PhD program is small, you’ll also find that it’s easy to get to know your fellow students. PhD work can be a daunting process, but it’s made easier and more rewarding when students work together. We strongly encourage our students to work together, to help each other out, and share in their successes.

Whether it is work in the classroom, as a graduate assistant, or on a dissertation, you’ll find our students accessible and willing to pitch in to help. That help sometimes extends beyond the formal boundaries of the program; sometimes the best thing you can do for someone is to help them relax!

Opportunities to Share Your Work

Part of being an economist is sharing one’s work, getting feedback, and, yes, sometimes engaging in discussions over contentious issues. As a result, we strongly encourage our PhD students to share their work at all stages of the research process. This can take place informally through one-on-one conversations with faculty or fellow students, casual group conversations at the end of the day, or even by exchanging written work and asking for feedback. But formal interactions are also an important part of the world of the economists, so the Department also strongly encourages PhD students to participate in our informal Brown Bag Presentations intended for work still in the early stages and in our more formal Seminar Series where more complete, polished work can be shared.

Recent job placements of our graduates

Lead Economist, The MITRE Corporation Washington, DC Area
Assistant Professor, University of Maine
Lead Data Scientist , ADP
Senior Research Economist , RTI International Durham, NC
Lecturer (U.K. AP equivalent) , University of Strathclyde Glasgow, Scotland
Consultant , The Lewin Group Washington, DC Area
Postdoctoral Research Fellow, Northeastern University
Economist, Amazon
Research Fellow , Ankara University Ankara, Turkey
Economist, U.S. Department of Agriculture Washington, DC Area

Have Questions?

To learn more about the PhD in Economics program please contact Dr. Martijn van Hasselt at [email protected] .

Dr. Martijn van Hasselt

Bryan 446 [email protected]

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PhD in Economics At a Glance

45 credit hours of course work, completed in as little as 2.5 years.
Study diverse theoretical perspectives, including post-Keynesian, intuitionalist, evolutionary, and feminist economics.
Tailor your field coursework to best match your research interests.
Designated as a STEM degree program
Program Director: Professor Nathan Larson .

Tailor Your Degree to Your Research Interests

Offering a combination of rigorous technical training and a focus on policy-relevant research, our PhD in Economics will prepare you for careers in academics, research, and government. Our students master economic theory, statistical methods, and applied field knowledge. Then, through the dissertation-writing process, they develop the ability to formulate and empirically answer economic questions.

Diverse Perspectives : In addition to a strong foundation in macro and micro theory and econometrics, students learn a more diverse perspective on economics through required courses in economic thought and economic history, as well as optional courses in heterodox theoretical models of economics, including post-Keynesian, intuitionalist, evolutionary, and feminist economics.
Flexibility : Students choose four applied field courses that best fit their research interests. The department offers a wide selection of concentrations, including courses in development, gender, international, labor, macro/monetary, and other applied micro topics.
Preparation : Students must successfully pass one comprehensive exam at the end of their first year and produce a journal-quality research paper by the end of their third year. The third-year paper typically serves as a key component of the dissertation, giving students an advanced start on the dissertation writing process.

See complete Admissions and Program Requirements .

Faculty Dedicated to Your Success

At AU, you will take classes from and work with a diverse group of esteemed economists and highly cited scholars who are engaged with practitioners and policymakers around the world. Their wide-ranging research and publications , along with the variety of methodological approaches they use, create a rich environment for innovations in theory and empirical studies.

Our research centers, including the Program on Gender Analysis in Economics and Infometrics Institute , host guest scholars and research projects, further enhancing the opportunities for graduate students. By working as research assistants and teaching assistants, PhD students gain valuable experience and mentorship in an academic setting.

Throughout their third year and into the fourth, students work closely with a faculty member of their choosing on their third-year paper and dissertation proposal, eventually adding other experts to their dissertation committee to gain additional insights and expertise. Through this process, students develop lasting collegial, and productive relationships with faculty, classmates and economists at DC-area institutions, often co-authoring and publishing.

Launch Your Career Amongst Top Economists

The Washington metropolitan area employs over one-third of all economists in the country. The array of intellectual and professional opportunities offered by the nation's capital make American University the ideal place to study economics. The department's strategic partnerships and our faculty's relationships with nearby institutions will help you make the best use of those opportunities.

Internship and employment opportunities:

The World Bank
International Monetary Fund
Research institutes
Think Tanks and NGOs
US Treasury, Labor, and Commerce Departments

Economics PhD graduates are well qualified for careers in academia, government agencies, and international organizations. Our students receive career mentorship and placement services that lead to careers in public policy, academia, and government, both domestically and abroad.

Many of our graduates go on to academic posts at universities such as the Saint Louis University, the University of Vermont, University of Wisconsin-La Crosse, and Franklin College. Domestically, graduates have served in congress and government agencies, including the Bureau of Economic Analysis, the Department of Commerce, and the Department of Labor. Our alumni working outside of the US have founded research institutions and consulted for major organizations such as CGIAR-CIP and the United Nations.

Read more career information about AU economics alumni.

See the 2017-8 list of job market candidates .

News & Notes

See abstracts from the 2024 Third Year Paper Conference .

Research Seminar Series Wednesdays at noon.

PhD candidate Amy Burnett Cross received an EHA Dissertation Fellowship from the EHA Committee on Research in Economic History
PhD student Danielle Wilson was awarded an Economic History Association grant for archival research on Mexican Railroads.
PhD student Aina Puig's short essay, " The Unequal Effect of Interest Rates by Race, Gender, " was published in the San Francisco Fed's Economic Letter.
Professor Bernhard Gunter and PhD students Bong Sun Seo & Farah Tasneem were awarded the International Award for Excellence for their article on the change in labor force participation rates during periods of globalization and marginalization.

Student Spotlights

Aina K. Puig, AU doctoral candidate in Economics.

More about Aina

San Francisco Federal Reserve Board’s essay contest called for papers studying economic impacts of gender and racial inequalities. As a winner, Aina’s paper will be published in the Federal Reserve Board’s Economic Letter and will have the opportunity to participate in a 6-week summer research program.

Aina’s paper focused on the impact of monetary policy, through interest rates, on spending patterns among types of U.S. households—those with mortgages, those with women versus men as head of household, and those headed by White versus Black people. By building on her interest in macroeconomic inequality topics with direct policy implications, she intended (and continues to intend) to fill a gap in the literature, adding to the income inequality narrative by bringing gender and racial inequalities to the forefront of discussion.

Through this project, she was able to not only establish the impact of monetary policy shocks on consumption patterns, but also inform the Federal Reserve Board of these distributional impacts. When discussing her research, Aina states that “promoting equal opportunity and understanding the different impacts of policies can help policymakers create policies that promote economic growth while benefitting all groups’ well-being in society.”

Her interest in analyzing inequality topics through lens of distributional effects of macroeconomic policies came to life during her research for this paper and “ties directly into [her] plans for [her] dissertation…, a good starting point for [her] future research.”

Vasudeva Ramaswamy

More about Vasudeva

Economics PhD candidate Vasudeva Ramaswamy credits American University with helping him zero in on his area of research interest and for equipping him with the tools to explore and contribute to his field.

During his time at AU, Vasu spent two summers working with the World Bank, studying the impact of agricultural aggregators in East Africa — specifically, how they provided income and security to farmer communities.

Vasu’s dissertation considers the effects of the Federal Reserve Bank’s actions on household inequality. Who gains and who loses when the Fed increases (or decreases) interest rates? And how do these effects propagate through the economy? Because business income and profits play a key role in household inequality, Vasu looks at how businesses respond to the actions of the Fed.

After he earns his PhD, Vasu says he would love to be able to continue researching the importance of economic heterogeneity in monetary policy transmission. “I am particularly grateful for AU’s faculty, who are leading experts in their field and approachable and encouraging as mentors,” he adds. “I am equally grateful for the rest of my PhD cohort, who are a brilliant and motivated group. I am learning from them continually.”

Elissa Cohen

More about Elissa

Economics PhD candidate Elissa Cohen received an NSF grant to pursue her research about assumptions people make about risk and, building off an idea from a previous project, Elissa continues her interest in the Value of Statistical Life in this one to question the validity of how VSL is used and estimated. In doing so, she contributes to development of a more complete theory of how perceptions of risk guide decision making.

Elissa asks three questions: (1) Is the construct validity of the VSL consistent across measurement approaches? (2) Do people value the mitigation of varying types of fatality risk differently across domains? (3) Do people accurately comprehend the probability of death in a given setting?

To answer these questions, Elissa uses discrete choice experimental (DCE) designs, self-report surveys, and machine learning techniques to evaluate the validity of the VSL as an assessment how people’s risk assessment shapes behavior.

This research improves the understanding of how people perceive fatality risk across domains and how perceptions impact choices about risk exposure. With this research comes the potential to reshape how regulatory agencies construct their aggregated VSL estimates for future cost-benefit analyses, influencing policy decisions and allocation of scarce federal resources.

As she thinks about impact and the research space she can contribute to and develop, Elissa comments, “AU has definitely helped me refine the types of questions I am interested in answering…. I see myself continuing to explore and test feedback loops between emergent human behaviors and macro-level policy decision-making.”

Amy Burnett Cross

More about Amy

Amy Burnett Cross has been selected as one of the three NBER Pre-Doctoral Fellows in the Gender in the Economy program to support her dissertation research on the influence of military policy on the sorting of women into occupations. Through this research, she is able to include her knowledge from AU’s Program on Gender Analysis in Economics as well as her understanding that by bringing more insight from conservative institutions into her research realm, she could enhance the policy space of gender equity.

As she continues her career, Amy desires to conduct research that is directly applicable to policymakers, and through her research on this project, Amy has the chance to do this in addition to engaging with economic history and begin to invest more time in the historical arc of military policy and gender dynamics.

She has three focuses for her dissertation project: (1) evaluate the impact of lifting the ban on women in combat (in 2013) on civilian occupational desegregation; (2) measure the extent to which gender desegregation of the Army (in 1977) signaled a shift in the appropriate role of civilian women at work; and (3) assess whether the structure of the U.S. draft in WWI (in 1917) contributed to the development of the male breadwinner norm.

Amy’s work aims to provide evidence that policy changes can influence social norms constraining women’s work and occupational segregation, particularly in discovering how policies regarding women’s participation in the military go on to influence gender gaps in civilian labor market outcomes. In doing so, Amy also seeks to contribute to the research of information asymmetry as a cause for occupational segregation—does military gender desegregation function as a reduction of information asymmetry?

With the support and accommodation of her peers, professors, and advisor, Mary E. Hansen, Amy has been able to focus on her academic excellence and develop close friendships and bonds during her journey at AU. In discussing her work in gender economics and the community at American University, Amy offered, “AU attracts women economists and I have found some truly excellent ones here.”