phd in economics oxford university

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DPhil in Economics

University of oxford, different course options.

• Key information

Course Summary

Tuition fees, entry requirements, similar courses at different universities, key information data source : idp connect, qualification type.

PhD/DPhil - Doctor of Philosophy

Subject areas

Course type.

About the course

Oxford has a thriving group of research students studying for the DPhil in Economics. The DPhil, which is the equivalent to a PhD at most other institutions, is similar in structure to a PhD at leading economics graduate schools worldwide.

The majority of students on the DPhil at Oxford have first completed the two-year Oxford MPhil in Economics. You can also apply for the DPhil if you hold a master’s degree or equivalent in economics.

All students starting the DPhil are admitted with Probationer Research Student status (PRS) in the first instance. You will take additional courses from the MPhil menu to deepen and broaden your economic training, while starting to work on your first research project. The PRS status allows for a smooth transition from learning about economic research to producing new economic insights yourself. If you haven’t completed the MPhil in Economics at Oxford, you will usually be required to take a year of coursework taking papers from either the first and/or second year of the MPhil course. PRS students coming from the MPhil will usually take fewer courses.

You will join one or more of the department's research groups, becoming part of a vibrant educational research community with a large number of doctoral student-led events, seminars and conferences.

You will have opportunities to present your work at a variety of seminars and sessions in the department.

Full-time students admitted to Probationer Research Student status are first required to transfer to DPhil status. The Transfer of Status requires the completion of the Qualifying Examinations, necessary coursework, and an interview with two assessors appointed by the department, at which the candidate presents an outline of their proposed thesis and a piece of written work relevant to the thesis. The transfer is normally expected to be completed by the end of the fourth term, and no later than six terms from admission to Probationer Research Student status. Upon a successful transfer to DPhil status, students are required to confirm their DPhil status no later than nine terms after admission to Probationer Research Student status. Candidates for Confirmation of Status are required to present a research paper at a workshop or seminar, present a detailed outline of the complete thesis and some complete draft chapters, and will be interviewed by an assessor.

Graduate destinations

The interests and strengths of the department's doctoral students are many and diverse and this is reflected in the positions they take up after graduation. most take up tenure track or postdoc positions in academia; others find employment in government, international organisations, or the private sector. The international reputation of Oxford’s doctoral programme also means that its DPhil graduates can be found making a contribution in many different parts of the world.

The department recognises the importance of helping doctoral students find suitable employment and its placement efforts are directed by a senior member of the faculty. The department provides advice and help on all aspects of the job application process, including limited financial assistance to cover expenses.

UK fees Course fees for UK students

For this course (per year)

International fees Course fees for EU and international students

As a minimum, applicants should hold or be predicted to achieve the equivalent of the following UK qualifications or their equivalent: an outstanding performance in a rigorous master's course in economics; and a first-class or strong upper second-class undergraduate degree with honours in economics or another approved subject (such as mathematics). Applicants must demonstrate a strong quantitative preparation. Offers will be made conditional on obtaining a distinction grade (or an equivalent level of performance where a distinction grade is not officially awarded) at master's level. Applicants with an insufficient master's background in economics who wish to proceed to DPhil are encouraged to first apply to the joint MPhil+DPhil in Economics. For applicants with a degree from the USA, the minimum cumulative GPA sought is 3.7 out of 4.0.

PGCE Secondary: Business Management and Economics

University of roehampton, health economics msc, city, university of london, financial economics msc, energy and environmental technology and economics msc, global political economy ma.

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Fully Funded PhD in Economics at University of Oxford, England

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Oxford has a thriving group of research students studying for the DPhil in Economics. The DPhil, which is the equivalent to a PhD at most other institutions, is similar in structure to a PhD at leading economics graduate schools worldwide.

The majority of students on the DPhil at Oxford have first completed the two-year Oxford MPhil in Economics. You can also apply for the DPhil if you hold, or will hold a Master’s degree or equivalent in Economics from other universities.

PhD Program Requirements

An outstanding performance in a rigorous master’s course in economics; and

A first-class or strong upper second-class undergraduate degree with honours in economics or another approved subject (such as mathematics).

Applicants must demonstrate a strong quantitative preparation.

A master’s qualification that is only partially in economics would not be considered a suitable background: for example, a master’s course in development studies, public administration, or in finance lacks the required level of economics content, even if there are economics courses as part of the training;

A master’s qualification in a specialised field within economics (eg development economics, applied economics, or financial economics) may also be insufficient background. Candidates with these qualifications should provide a written statement as part of their research proposal to demonstrate that the courses on which they have been examined covered all the core material of a rigorous master’s course in economics.

Applicants with an insufficient master’s background in economics who wish to proceed to DPhil are encouraged to first apply to the joint MPhil+DPhil in Economics.

For applicants with a degree from the USA, the minimum cumulative GPA sought is 3.7 out of 4.0.

PhD Funding Coverage

The University expects to be able to offer over 1,000 full or partial graduate scholarships across the collegiate University in 2024-25.

You will be automatically considered for the majority of Oxford scholarships, if you fulfil the eligibility criteria and submit your graduate application by the relevant December or January deadline.

Most scholarships are awarded on the basis of academic merit and/or potential.

Application Requirement

1. Online Application

2. Official transcript(s): Your transcripts should give detailed information of the individual grades received in your university-level qualifications to date. You should only upload official documents issued by your institution and any transcript not in English should be accompanied by a certified translation.

3. Research proposal: You should submit a detailed outline of your proposed research, written in English, covering areas such as the background to the research, methodology, expected results and the contribution to the field of learning.

4. Written work: An academic essay or other writing sample from your most recent qualification, written in English, is required. An extract of the requisite length from longer work is also permissible. The written work should be related to the subject you propose to study.

5. CV/résumé: A CV/résumé is compulsory for all applications. Most applicants choose to submit a document of one to two pages highlighting their academic achievements and any relevant professional experience.

6. GRE General Test scores: No Graduate Record Examination (GRE) or GMAT scores are sought.

7. English language proficiency: This course requires proficiency in English at the University’s higher level. If your first language is not English, you may need to provide evidence that you meet this requirement.

Application Deadline

19 January 2025

Application Fee

An application fee of £75 is payable per course application.

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Ph.D. in Economics

• Academic Programs

About this Program

The Department of Economics in the College of Liberal Arts offers the Ph.D. in Economics. It is designed for students of exceptional ability who wish to do advanced work in preparation for careers in university teaching and research, or as specialists in business, government, or research organizations. 

The course of study is more expansive in scope and is of greater depth than the master’s program, with programs individualized to fit each student’s interest and background.  

On this Page…

Program information, program type.

Doctorate Program

Area of Study

College of Liberal Arts

Program Location

Required credit hours, program details.

APPLICATION DEADLINE: March 1

The Department of Economics welcomes student applications with the following materials. Additional details are found on the department website .

• Complete the Graduate School’s Online Application.
• Pay the application fee ($50).
• Submit official transcripts.
• Submit GRE scores.
• International applicants whose first language is not English may be required to submit scores from an acceptable English language proficiency test .
• Upload Supplemental Application materials for the Department of Economics to the online application.
• Statement of purpose. T he two page statement should  describe your background, interest in economics, and interest in the graduate program at UM.
• Three letters of recommendation: provide contact information for three recommenders 

The Graduate School requires a minimum 3.0 undergraduate GPA. The Department of Economics welcomes students from any academic background, but expects students to be prepared for the rigors of graduate study in economics. When the Admissions Committee reviews an applicant’s transcript, it looks at the overall performance and specific performance in economics or economics-related courses and quantitative courses (math, statistics).

Students in the Ph.D. in Economics complete at least 54 credit hours of graduate courses beyond the bachelor’s degree or at least 30 approved graduate hours beyond the master’s degree.

Students must meet the core requirements for the M.A. degree: 

• Econ 604: Applied Statistical Techniques in Econ (or 629 Statistical Methods for Economics)
• Econ 605: Microeconomics I
• Econ 606: Macroeconomics I
• Econ 609: Mathematics for Economists

Ph.D. students select two subfields chosen from applied microeconomics, applied macroeconomics, and econometrics. They complete the following courses:

• Econ 614: Microeconomics II
• Econ 628: Macroeconomics II
• Econ 629: Statistical Methods for Economics
• Econ 630: Econometrics I
• Econ 631: Econometrics II
• 9 credit hours in subfield 1
• 9 credit hours in subfield 2 or in approved area outside economics

Each student must successfully pass a written examination in macroeconomics, microeconomics, and econometrics.  After passing the comprehensive exams, students must successfully defend a dissertation proposal. After the dissertation is written, a final oral defense culminates the student’s doctoral program at the university.

All our Ph.D. students receive an assistantship which are currently $20,000 for 9 months. Assistantships require the student to work as a teaching/research assistant to departmental faculty, or as a graduate instructor. 

Students with a graduate assistantship receive a scholarship that covers some or all of the tuition and non-residency fee, if applicable, for regular semesters and subsidized health insurance .

In addition, the Lewis Smith Scholarship is awarded annually to a full-time Ph.D. student who has demonstrated outstanding academic achievement in economics.   

The Graduate School’s financial aid webpage lists a variety of funding possibilities, including summer support and a recruiting fellowship program that promotes academic excellence and access to graduate education to groups who are historically underrepresented.  

The university also has the  Mississippi Center for Supercomputing Research .

• [email protected]
• (662) 915-7474

What is Economics?

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If you have any questions about the Ph.D. in Economics, don’t hesitate to get in touch!

Natalia Kolesnikova Graduate Program Coordinator

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PhD position at the Department of Macro, International and Labour Economics, Maastricht University

Job Information

Offer description.

The Department of Macro, International and Labour Economics (MILE) at the School of Business and Economics (SBE) of Maastricht University offers a 4-year PhD position, starting September 1, 2024.

We are looking for a candidate who has – proven – interest in and wants to work on a research project that focuses on – the lack of – economic convergence and resilience in the euro area. The project aims to adding to the empirical evidence why economic convergence so far lags expectations. The empirical evidence should contribute to designing policy options strengthening and improving the functioning of EMU. The project is a joint project with the Dutch central bank( De Nederlandsche Bank, DNB ) in Amsterdam.

You are expected to spend part of your time at DNB, increasingly so during the tenure, and will do your research in the context of the research and policy work of the Economic Policy and Research Department of DNB. You may also be involved in actual DNB policy work. We also expect you to contribute to teaching activities at the department, taking max. 20% of total time.

More in detail, the research will focus on (1) the state of convergence and possible explanations for its slow speed; (2) how vulnerable individual euro zone members are to asymmetric shocks; and (3) which private and public shock-absorbing mechanisms are in place to make the system more resilient. From the convergence side, it raises the issue how far convergence should go and under what conditions incomplete convergence could still lead to a stable equilibrium. High persistence of regional differences in per capita income and living conditions within nation states is a well-known phenomenon. It raises questions on the underlying determinants of these differences as well as the characteristics of the institutional framework that appear to make it a status quo. Moreover, some argue that EMU itself has been contributing to divergence. We intend to investigate how asymmetric shocks as well as asymmetric responses to common (policy) shocks have played a role in widening the gap between countries. From the resilience side, the main question is which mechanisms exist to cope with asymmetric shocks. Both the academic and societal debate focus on creating sufficient national shock absorbers on the one hand, and on the added benefits of building cross-country shock absorbers on the other.

Requirements

We are looking for you if you have successfully completed a – preferably 2-year (120 ECTS) – Master’s degree (MSc or MPhil) in (Quantitative) Economics, Econometrics, or a related area (before September 2024). Next to this you:

• have an excellent command of English;
• have a record of high academic achievement (e.g., good grades and/or involvement in other academic activities) and the skills required to become an excellent researcher;
• are self-motivated, curious and interested in high quality policy-relevant research.

Additional Information

As a PhD at The School of Business and Economics you will be employed by the most international university of the Netherlands, located in the beautiful city of Maastricht. In addition, we offer you:

• Good employment conditions. The position is in graded according to the UFO profile PhD function level 0 with corresponding salary based on experience ranging from € 2.770 to € 3.539 gross per month (based on a full-time employment of 38 hours per week). In addition to the monthly salary, an 8.0% holiday allowance and an 8.3% year-end bonus are applicable.
• An employment contract for a period of 18 months with a scope of 1.0 FTE. Upon a positive evaluation, an extension of 2.5 years will follow.
• At Maastricht University, the well-being of our employees is of utmost importance, we offer flexible working hours and the possibility to work partly from home if the nature of your position allows it. You will receive a monthly commuting and internet allowance for this. If you work full-time, you will be entitled to 29 vacation days and 4 additional public holidays per year, namely carnival Monday, carnival Tuesday, Good Friday, and Liberation Day. Furthermore, you can personalize your employment conditions through a collective labor agreement (CAO) choice model.
• As Maastricht University, we offer various other excellent secondary employment conditions. These include a good pension scheme with the ABP and the opportunity for UM employees to participate in company fitness and make use of the extensive sports facilities that we also offer to our students.
• Last but certainly not least, we provide the space and facilities for your personal and professional development. We facilitate this by offering a wide range of training programs and supporting various well-established initiatives such as 'acknowledge and appreciate'.The terms of employment at Maastricht University are largely set out in the collective labor agreement of Dutch Universities. In addition, local provisions specific to UM apply. For more information, Click here

Or are you already convinced and ready to become our new PhD candidate? Apply now, no later than 28 April 2024, for this position.

Please upload the following documents in your application:

• Curriculum Vitae (CV)
• Motivation letter
• Diplomas/degrees including a grade transcript of previous education at Master level
• Names and details of two references who support your application (e.g., professor/supervisor from MSc program)
• Formal evidence on analytical skills (GRE/GMAT) and/or language proficiency (TOEFL/IELTS), if available
• Proof of academic writing skills by one of the following: BSc thesis, MSc thesis, or research paper.

The vacancy is open for internal and external candidates. In case of equal qualifications, internal candidates will be prioritized.

Are you interested in this exciting position but still have questions? Feel free to contact prof. dr. Clemens Kool ( [email protected] ) or prof. dr. Olaf Sleijpen ( [email protected] ) for more information.

For more information on the department MILE click here

Work Location(s)

Where to apply.

M.SC. IN FINANCIAL ECONOMICS

INTRODUCTION

The MSc in Financial Economics is run jointly with the Department of Economics and the  Said Business School .

The Oxford MSc Financial Economics (MFE) is a full-time nine-month programme that will provide you with outstanding training in the tools of financial economics sought by many financial institutions, companies, and public organisations. It combines a rigorous academic core with tailored practical applications, designed in consultation with leading financial recruiters.

The programme is for individuals who are interested in careers in investment banking, asset management, private equity, and management consultancy.

COURSE STRUCTURE

The course is comprised of four core modules and five electives.

The core modules are all carefully integrated: the economics and econometrics modules apply theories and methodologies to finance, and the finance modules provide the underlying economic principles of financial practice.

The wide range of electives available enables you to gain a deeper knowledge of areas of special interest. Electives on offer are subject to change from year to year depending on demand.

An overview of the course structure is outlined below. Further details about the Advanced Options courses can be found at the course website:  https://www.sbs.ox.ac.uk/programmes/msc-financial-economics

CORE COURSES

Asset pricing.

The asset pricing module covers the theory and practice of valuing claims to uncertain cash flows; for example, stocks and stock options, bonds and foreign-exchange instruments. The module covers standard material such as CAPM and the Black-Scholes formula, and some advanced material such as consumption-CAPM and pricing formulas for "exotic options". About half of the module is dedicated to the application of advanced statistical methods to the area of asset pricing and to practical work with real-world data.

CORPORATE FINANCE

Corporate finance studies the financing, valuation and corporate governance of firms. During this module, you will learn the fundamental principles of financial accounting, the valuation of firms' assets and the determinants of firms' financial structures. You will be taught the key components of firms' financial decisions and the operation of financial markets, including new issues of securities, debt, and dividend policy. You will learn about the relevance of different financial institutions to the financing of firms, the takeover process, corporate restructurings, and financial distress.

Microeconomics is the study of how financial and commercial frameworks and conditions impact on individual situations and business units. During this module you will learn to apply the basic tools of market and firm analysis, game theory, incentive theory, and auctions. In addition, the module will provide an introduction to fundamental ideas in macroeconomics, reinforced by lectures from leading policy experts.

FINANCIAL ECONOMETRICS

The module in financial econometrics provides students with a background in the fundamentals of empirical modelling and testing in finance. This will allow you to better understand crucial concepts like risk, evidence, and prediction.

ELECTIVE COURSES

Select from, capital raising and finance, cases in finance and investments, corporate valuation, entrepreneurial finance, fixed income and derivatives, mergers, acquisitions and restructuring, private equity, admission criteria.

For full details on the Admissions Criteria for the MSc in Financial Economics, please visit the Oxford University webpage  here .

FEES AND FUNDING

You can find more information about the annual fees for the MSc in Financial Economics on the Oxford University webpage  here  by selecting the ‘Funding and Costs tab’.

SCHOLARSHIPS

Alumni Annual Fund Scholarships

Two Alumni Annual Fund scholarships of £5,000 each are available to candidates who apply by the Stage 3 deadline and who receive an offer of a place on the programme.  In order to be considered for this scholarship, applicants must tick the AAF Scholarship box in the Funding section of the programme application form and upload the additional scholarship statement.  The statement should be a maximum of 150 words giving an example of when you have applied leadership skills in a voluntary capacity.  Only candidates who apply by the deadline and complete the additional requirements will be considered for the scholarship. 

University of Oxford Scholarships

Oxford scholarships worth over £1,000 are advertised through the University's  Fees, Funding and Scholarship Search . Scholarships for 2018-19 will be listed in the Search from 1st September 2017. 

Use this search tool to find out whether you are eligible for University and College scholarships and whether these need any action from you, eg submitting additional application materials or ticking a box in the Funding section of the application form. There are over 1,000 full graduate scholarships available across all University programmes. Full scholarships will cover your course and college fees and provide a grant for living costs. 

The vast majority of Oxford scholarships are awarded to applicants who submit their course application by the January deadline.

External Scholarships

A summary of external scholarships and search facilities is provided on the University's  External Scholarships  page. These are managed by organisations external to Oxford. If you have any questions, please contact the organisation directly.

PROGRAMME WEBSITE

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Oxford awarded £9m for the next generation of cancer experts

Cancer Research UK (CRUK) has awarded £9m to the University of Oxford, to support the next generation of doctors and scientists to bring novel cancer treatments to patients.

CRUK is to award the funding over the next five years to train early-career clinician scientists - doctors who also carry out medical research - as part of its Clinical Academic Training Programme.

The Clinical Academic Training Programme will invest £58.7m at nine research centres, including the Cancer Research UK Oxford Centre .

Clinician scientists play an essential role in translating cancer research, helping to bridge the gap between scientific research carried out in laboratories and clinical research involving patients.

Working across both research settings, their contributions to new knowledge and its translation to clinical practice are critical for cancer research.

Professor Mark Middleton , academic lead for the clinical academic training programme in Oxford, said: 'We are delighted to gain further Cancer Research UK funding to help train tomorrow’s leading cancer researchers. We make the greatest progress when clinicians and scientists work together, and clinician scientists are the key to this approach.  Cancer Research UK’s funding means not only that our doctors and medical students can train as scientists, but also that our scientists will understand better how to apply their work to the benefit of patients. This will accelerate progress towards our goal of beating cancer together.'

Becoming a clinician scientist usually involves doctors taking time out of their medical training to undertake a PhD, before returning to train in their chosen specialisation, but many clinicians don’t come back to research after qualifying as consultants. This may be due to existing pressure on the healthcare system and lack of available funding.  

To tackle this issue, Cancer Research UK’s Clinical Academic Training Programme provides flexible training options alongside mentorship and networking opportunities to better support clinicians who want to get involved and stay in cancer research. 

Michelle Mitchell, Cancer Research UK’s Chief Executive, said: 'Clinician scientists have a very important role to play by bringing their knowledge and experience of treating people with cancer to scientific research.  We need all our doctors and scientists to be able to reach their full potential, no matter their background. That’s why we are continuing to provide flexible training options for early-career clinician scientists. After the success of the first five years of this programme, we want to encourage even more clinicians to get involved in cancer research to help us get closer to a world where everybody lives longer, better lives free from the fear of cancer.' 

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