The Economics Department

Graduate Programs

Section Links: M.S. Degree | Rankings

The Ph.D. program equips students for academic careers with an educational emphasis on economic theory, statistical methods, and field application.

1st Year
The first year is an intensive introduction to micro & macroeconomic theory, probability & statistics, and mathematical economics .

2nd Year
Students are expected to focus on research in two fields. Fields include topics such as game theory, industrial organization, labor economics, as well as many others.

They also receive extensive training in econometrics. These classes are intended to immerse the student in creative research at an early stage in his or her career.

 3rd & 4th Year
After the second year, students are expected to submit a single-authored paper to explain the research that they have been working on. The submission process is similar to the journal submission process that faculty experience.

In the subsequent years, the student’s research is perfected through presentations and revisions during the third and fourth year writing courses. This process is intended to prepare students to submit their work to outside journals and conferences in their third and fourth years, as well as to prepare them for the job market.

For more additional information about how to apply to the Ph.D. program, please go to the admissions section


M.S. Degree

The department offers The Master of Science (M.S.) degree to students enrolled in the Ph.D. program.  In fact, most students will qualify for an M.S*. along the way. However, a student must file a formal "Application for Candidacy" through the Graduate School.

In applying for candidacy, the student must prepare a Program of Work.  Then the application must be approved by the Graduate Advisor and the Graduate Dean.

*Students who do not pass the microeconomics and macroeconomics core examinations during the summer of their first year in the Ph.D. program and/or fail the second year paper requirement will have the option to complete their studies with an M.S. degree.

For additional information about the requirements, please view our pdf.

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Department Rankings

US News and World Report Rankings The economics department at the University of Texas at Austin has climbed steadily in ratings of the best programs in the country. A variety of rankings place it between the top 15 to 25 departments in the country (Coupe, KMS, US News & World Report, Times of London). Its active and diverse research environment inspires its graduate program. Graduate students have close relationships with renowned economists.

The department hosts numerous seminars each week by outstanding economists from around the nation and abroad, as well relationships with government research departments like the Federal Reserve Bank of Dallas. A consequence is that graduate students at the University of Texas have access to positions at leading academic institutions, government agencies, and consulting firms. The level of satisfaction with our graduate program is evidenced by its high ranking in such polls as NAGPS.

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