Ph.D. Program
The Ph.D. program provides rigorous training in theoretical and applied economics leading to teaching and research positions in academia, private business and government.
Students earn 72 graduate credits for the Ph.D. degree, at least 46 of which must be earned in formal coursework. The remainder of the credits may be earned through dissertation research, workshop courses and/or additional coursework. Students may transfer a limited number of graduate credits earned at other institutions with the approval of the Graduate College and the student’s dissertation committee.
Well-qualified students may enter the Ph.D. program directly from a bachelor’s degree program, but most students either enter with an M.S. degree or complete one year in our M.S. program before beginning the Ph.D. core theory sequence. The first-year coursework prepares students to pass qualifying exams in macroeconomics and microeconomics.
Majors: Economics or Agricultural Economics
Fields of Concentration: Students select two fields of concentration from among the following:
- Agricultural Economics
- Environmental and Resource Economics
- Financial Economics
- Human Resources
- Industrial Organization and Economics of Organization
- International Economics
- Macroeconomics
Sequence of Classes
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Qualifying Exams: Each student is given two opportunities to pass the exams during the summer following the first year. Students who have not passed exams in both macroeconomics and microeconomics by the second attempt may transfer to the M.S. program.
Third Year Paper: In the third year of the program, students develop and complete a formal research paper. This paper, directed by the major professor and evaluated by a faculty committee, is expected to be the basis for the dissertation research.
Dissertation: The dissertation is completed under the supervision of a major professor. Guidance on the dissertation is also provided by a Program of Study Committee composed of four additional faculty members. A dissertation proposal is presented in a Preliminary Oral Exam, usually taken early in the fourth year. An oral defense-of-the-dissertation Final Exam is the last requirement prior to graduation.
Ph.D. Degree: Placement
There is a long list of distinguished economic researchers who have received their doctorates at Iowa State. Recent placements include faculty positions at Minnesota, Wisconsin, North Carolina State, Michigan State, Purdue, Missouri, Tennessee, Kansas State, Oklahoma State, Wake Forest, Creighton, Guelph, Southern Illinois, Arizona and Washington State. Others hold prominent positions in government and industry.
For more information contact: grad@econ.iastate.edu.