Frequently Asked Questions

All Department of Economics graduate programs begin in the fall semester.

M.S. Agricultural Economics applications are accepted at any time.

Ph.D. applicants should submit their application (including all supplemental materials) no... Read full answer

What led you to choose economics or agricultural economics as a field of study? How has your background prepared you for graduate study in economics? What are your career plans? For Ph.D. applicants: What are your choices of fields of... Read full answer

All complete applications to enter a Ph.D. program are considered for assistantships. No separate form is needed. We do not offer assistantships for M.S. students.

The fee for international students is $100 and U.S. citizens pay a fee of $60.

This website contains extensive information about the graduate program, the department's faculty, and their research. We strongly encourage prospective students to travel to Ames to visit with faculty and current graduate students. Please contact... Read full answer

We strongly recommend that students take the GRE, but we will review applications with GMAT instead. The screening guidelines for GMAT scores are: Verbal (M.S. and Ph.D.): 50%; Quantitative (M.S.): 65%; Quantitative (Ph.D.): 75%.

The department occasionally offers fellowship grants or scholarships between $2000 and $5000 per year to supplement assistantship offers to the most qualified applicants.

For Ph.D. students, teaching and research assistantships are available, though it is much more common for first-year students to be assigned to teaching assistantships. We do not offer assistantships to M.S. students at this time.

Each year we make funded offers of admission to about 35 Ph.D. applicants, with the goal of enrolling 12-15 new Ph.D. students.

See more information about the ... Read full answer

Out-of-state students with a 1/4-time or greater graduate assistantship are assessed Iowa-resident tuition charges. Ph.D. students with a 1/2-time appointment will receive a 100% tuition scholarship, completely offsetting the cost of tuition. M.S... Read full answer

The TOEFL (or IELTS) test is required for all students whose native language is not English. The requirement will be waived if you already have a U.S. college degree. The test scores expire after two years. If the University receives the official... Read full answer

For most applicants the GRE test is required for admission to the Department of Economics. Iowa State undergraduate students with a cumulative GPA of 3.5 or higher who are seeking admission to the MSAE are not required to submit GRE scores.

... Read full answer

The program's economics courses are very quantitative. Students who do well typically have a strong background in math (calculus, including multi-variate calculus, and linear algebra) and statistics, as well as intermediate microeconomic and... Read full answer

There is no single, sufficient condition for admission with financial aid. We look at a portfolio of items that include (not in any order): GRE scores (especially the Quantitative); transcripts; grades in math and economics courses; letters of... Read full answer