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Why Stanford?
When you’re looking at top-notch grad schools, we all have a lot in common. Prominent faculty. Prestigious institutions. Path-breaking research. Yes, you will acquire the background and skills necessary for careers as research economists, university teachers, and as practitioners of economics. But how that happens is what makes Stanford stand out.
- How will you collaborate with peers and faculty?
- How will you transition from student to researcher?
- What will your daily experience be like?
We have spent the last several years refining our programs, listening and iterating to focus on what will create the very best student experience. We eliminated Comprehensive Exams because they were causing more stress than success. We created a First Year Seminar Series to connect students with faculty from day one, and to give them constant exposure to current research instead of just tools and methods. We carefully cultivated a supportive and welcoming culture that emphasizes teamwork and collaboration. And, in the spirit of Silicon Valley innovation, we never stop looking for ways to improve.
The Stanford Difference
Culture
Open and encouraging, less stressful and more cooperative. Your mental health and academic health are equally important here. And, whether you pursue an academic or industry career, you have our support—unconditionally.
Collaboration
Group work is highly encouraged—with peers and faculty alike. We make important decisions affecting our students only after consultation and discussion. We value student input. And there are no research fiefdoms – you can move freely between advisors and subfields.
Cross Disciplinary
Economics is increasingly a cross-disciplinary field. The beauty of studying here is that you can take courses, collaborate, and research with faculty from equally top-notch departments across the university, including Computer Science, Statistics, Mathematics, Psychology, and Political Science, as well as groups within the School of Medicine, the Graduate School of Business, the School of Education, and the Law School.
Connections
Our program is intentionally designed to foster student connections—with each other, our faculty, and even tech firms in nearby Silicon Valley. Programs like the First Year Seminar Series, Second Year RA Match, and Third Year Seminars where students present their work-in-progress and papers to peers and faculty, can lead to co-authorships and lifelong collaborations.
California
Never underestimate the power of sunshine and fresh air. That’s what you’ll experience almost every day you’re here.
Stanford Economics PhD Program
The Ph.D. program is a full time program leading to a Doctoral Degree in Economics. Students specialize in various fields within Economics by enrolling in field courses and attending field specific lunches and seminars. Students gain economic breadth by taking additional distribution courses outside of their selected fields of interest.
General requirements
Teaching
Students are required to complete 1 quarter of teaching experience. Teaching experience includes teaching assistantships within the Economics department or another department .
University’s residency requirement
135 units of full-tuition residency are required for PhD students. After that, a student should have completed all course work and must request Terminal Graduate Registration (TGR) status.
Department degree requirements and student checklist
1. Core Course requirement
Required: Core Microeconomics (202-203-204) Core Macroeconomics (210-211-212) Econometrics (270-271-272). The Business School graduate microeconomics class series may be substituted for the Econ Micro Core. Students wishing to waive out of any of the first year core, based on previous coverage of at least 90% of the material, must submit a waiver request to the DGS at least two weeks prior to the start of the quarter. A separate waiver request must be submitted for each course you are requesting to waive. The waiver request must include a transcript and a syllabus from the prior course(s) taken.
2. Field Requirements
Required: Two of the Following Fields Chosen as Major Fields (click on link for specific field requirements). Field sequences must be passed with an overall grade average of B or better. Individual courses require a letter grade of B- or better to pass unless otherwise noted.
Research fields and field requirements:
- Behavioral & Experimental
- Development Economics
- Econometric Methods with Causal Inference
- Econometrics
- Economic History
- Environmental, Resource and Energy Economics
- Finance
- Industrial Organization
- International Trade & Finance
- Labor Economics
- Market Design
- Microeconomic Theory
- Macroeconomics
- Political Economy
- Public Economics
3. Distribution
Required: Four other graduate-level courses must be completed. One of these must be from the area of economic history (unless that field has already been selected above). These courses must be distributed in such a way that at least two fields not selected above are represented. Distribution courses must be passed with a grade of B or better.
4. Field Seminars/Workshops
Required: Three quarters of two different field seminars or six quarters of the same field seminar from the list below.
| 310: Macroeconomics |
| 315: Development |
| 325: Economic History |
| 335: Experimental/Behavioral |
| 341: Public/Environmental |
| 345: Labor |
| 355: Industrial Organization |
| 365: International Trade & Finance |
| 370: Econometrics |
| 391: Microeconomic Theory |
stanford phd economics requirements
I. Preparation
Admitted students are assumed to have a substantial background in economics. An undergraduate major in economics or mathematics or a graduate degree in economics or business administration suffices in most cases.
In addition, all students are required to have, or to obtain in the first year, skill in the use of the following mathematical methods:
| Topic | Courses |
|---|---|
| Calculus | MATH 41 & 42: Calculus (accelerated) |
| Linear Algebra | MATH 51: Linear Algebra and Differential Calculus of Several Variables MATH 113: Linear Algebra and Matrix Theory |
| Analysis | MATH 115: Functions of a Real Variable |
| Probability | MS&E 220: Probabilistic Analysis STATS 116: Theory of Probability |
| Optimization | ECON 181: Optimization and Economic Analysis |
| Statistics | STATS 200: Introduction to Statistical Inference |
II. Course Requirements
All required courses must be taken for a grade (not pass/fail or credit/no credit). Exceptions are made if the required course is offered pass/fail or credit/no credit only. Each course must be passed with a grade of P or B- or better. Substitutions of required courses require approval from the faculty liaison. Waiving a course requirement based on similar doctoral level course completed elsewhere requires the approval of the course instructor, faculty liaison, and the PhD Program Office.
| Requirement | Courses |
|---|---|
| Core Requirements (7 courses) | MGTECON 600 Microeconomic Analysis IMGTECON 601 Microeconomic Analysis IIMGTECON 602 Auctions, Bargaining and PricingMGTECON 603 Econometric MethodsMGTECON 604 Econometric Methods IIMGTECON 629 Faculty Research WorkshopOne macroeconomics course:ECON 210 Macroeconomics IMGTECON 610 MacroeconomicsMGTECON 612 Advanced Macroeconomics IIMGTECON 617 Heterogeneity in Macroeconomics |
| Field Requirements (6 courses) | Students must complete 3 two-course sequences in topics in economics and related business fields. Examples are given below. If a course appears in more than one sequence, the course may not be counted twice. Alternative topics and two-course sequences may be proposed by the student, and must be approved by the faculty liaison.AccountingACCT 610 Seminar in Empirical Accounting ResearchACCT 611 Disclosure and Financial MarketsACCT 612 Financial Reporting SeminarAdvanced EconometricsECON 273 Advanced Econometrics IECON 274 Advanced Econometrics IIECON 275 Economics-based EconometricsECON 276 Computational EconometricsMGTECON 605 Econometric Methods IIIMGTECON 609 Applied Econometrics & Economic ResearchMGTECON 640 Quantitative Methods for Empirical ResearchAdvanced MacroeconomicsECON 211 Macroeconomics IIECON 212 Macroeconomics IIIECON 233 Advanced Macroeconomics IECON 234 Advanced Macroeconomics IIECON 265 International Economics IECON 266 International TradeAdvanced TheoryECON 282 Contracts, Information, and IncentivesECON 286 Game Theory and Economic ApplicationsECON 289 Advanced Topics in Game Theory and Information EconomicsECON 291 Social and Economic NetworksMGTECON 608 Multiperson Decision TheoryApplied Microeconomics (with Application to Personnel, Labor and Urban Economics)MGTECON 652 Personnel EconomicsMGTECON 618 Public Finance and Taxation IIIFinanceFIN 620 Financial Markets IFIN 621 Financial Markets IIFIN 622 Dynamic Asset Pricing TheoryIndustrial OrganizationECON 257 Industrial Organization IECON 258 Industrial Organization IIECON 259 Industrial Organization IIBECON 260 Industrial Organization IIILaborECON 246 Labor Economics IECON 247 Labor Economics IIECON 248 Labor Economics IIIMarket DesignECON 285 Matching and Market DesignECON 283 Theory and Practice of Auction Market DesignMGTECON 615 Theory and Practice of Auction Market DesignPolitical EconomicsECON 220 Political Economy IMGTECON 624 Dynamic Political Economy TheoryPOLECON 680 Foundations of Political EconomyPOLECON 681 Economic Analysis of Political InstitutionsPOLECON 682 Workshop on Institutional Theories and Empirical Tests in Political EconomyPublic FinanceECON 241 Public Economics IECON 242 Public Economics II |
III. Practicum
Students do not need to sign up for practicum in year one. In years two through five, students sign up for MGTECON 699 with the faculty liaison or the faculty advisor (after one is chosen) as a one unit pass/fail course in every quarter. Students must regularly attend and participate in one of the seminar series at Stanford GSB. With the faculty liaison’s approval, students may attend a non-Stanford GSB seminar series, in lieu of a seminar series at Stanford GSB.
IV. Field Examination
Students take two field exams in the summer after the first year in the program: theory and metrics. Students must pass both exams in order to successfully complete the requirement. Successful completion of the field exams is required for advancement to candidacy.
V. Summer Research Paper
Each student is required to submit a research paper and present it in the Fall quarter of their third year in the program at the time announced by the liaison. The paper has to be an original and novel body of work. Students should discuss the scope and expectations for the paper with their faculty advisor and liaison. The papers and presentations will be graded by the faculty with a Pass/Fail grade. A student who fails will be provided with a second opportunity to complete this requirement (paper and presentation) in the spring of the third year. Successful completion of the research paper is required for advancement to candidacy.
VI. Teaching Requirement
One quarter of course assistantship or teaching practicum. Requirement must be completed prior to graduation.
VII. Candidacy
Admission to candidacy for the doctoral degree is a judgment by the faculty of the student’s potential to successfully complete the requirements of the degree program. Students are required to advance to candidacy by September 1 before the start of their fourth year in the program.
VIII. University Oral Exam
The oral examination is a defense of the dissertation work in progress. The student orally presents and defends the thesis work in progress at a stage when it is one-half to two-thirds complete. The oral examination committee tests the student on the theory and methodology underlying the research, the areas of application and portions of the major field to which the research is relevant, and the significance of the dissertation research. Students are required to successfully complete the oral exams by September 1 before the start of their fifth year in the program
IX. Doctoral Dissertation
The doctoral dissertation is expected to be an original contribution to scholarship or scientific knowledge, to exemplify the highest standards of the discipline, and to be of lasting value to the intellectual community. The Econ faculty defer to the student’s Dissertation Reading Committee to provide general guidelines (e.g. number of chapters, length of dissertation) on the dissertation.
Typical Timeline
Years One & Two
- Coursework
- Field Examination
- Research Papers
- Research Activities
- Field Requirements
- Annual Evaluations
Year Three
- Directed Reading & Research
- Advancement to Candidacy
- Formulation of Research Topic
- Annual Evaluation
Year Four
- Continued Research
- Oral Examination
- Dissertation
Stanford University
All Stanford GSB CoursesStanford University CoursesAcademic Calendar
Related Departments
Computer ScienceEconomicsLawManagement Science & EngineeringMathematicsPolitical SciencePsychologySociologyStatistics
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