Are you wondering how to get a PhD in economics? Or what does the term mean? For some, economics is just a subject that is too dull to spend time on. For others, it is a very interesting topic and would love to know how to pursue a PhD in economics. If you are one of those who likes to have a broad subject to study, economics may be a good choice for you.
Many PhDs programs in economics have been set up at colleges or universities across the United States. Some students choose to go straight to a four year university and attend either a Bachelor of Arts program in economics or a Bachelor of Science program in economics. The degree that you will earn with either of these two programs will generally be in macro-economics, with a minor in micro-economics. The two types of students are similar though; with one major difference.
For most students a bachelor's degree is a worthy goal. A two-year graduate school program at a university is also usually a worthy goal. Earning a master's degree, however, is usually a more meaningful goal and often considered by many to be a long term goal. A master's program typically will take two years and a Ph.D. at a university takes four.
If you are going into economics as a graduate student, you have a few different options. One way to earn a doctorate degree would be to get into an ideal and program for economists where you can focus solely on the subject. Several schools now offer this as a requirement for graduation. Another way is to mix business courses with economics so you can double up on your undergraduate math skills and math knowledge with the math portion of your degree.
Some school departments now offer a specialization such as the Economic Methodology Project (EMP), which helps students complete a Ph.D. in Economics in the first year. This is accomplished by having the student complete four years of research as an economic advisor with a special assignment on the Chicago School methodology. You will also need to fulfill a number of requirements including an upper division course that covers fundamental concepts, an econ phd project, and a first year course in macroeconomics. The first year will also include a project centered around the labor market. The Chicago School also offers a program with an emphasis on the classical school that concentrates on the key economic indicators.
If you are thinking about going after a phd in economics, it is important to keep in mind whether you want to major in econometrics or statistics. The former carries more weight in the employment arena, since these are the skills necessary to analyze data and make projections for the future. However, if you prefer working as an economic advisor and use more mathematical skills, then you may want to take a look at statistics. . . . . . . As a graduate school student, you may have a choice between the two.