Admissions and Application Forms
To apply to the Ph.D. program in Economics, please do so via the Graduate School's online application system. The introductory page is here: http://gradschool.vanderbilt.edu/admissions/index.php and the direct link is on the right. For technical application questions, please contact email@example.com.
You will need the following to complete your application: three letters of recommendation (to be submitted electronically), unofficial transcripts to be uploaded to your application (hard copy official final transcripts will be required by mail only if an applicant receives an offer of admission), official GRE scores, and official TOEFL or IELTS scores (required for international applicants only). Official GRE and TOEFL or IELTS scores must be current through the end of July, 2020. (Scores remain current for five years for the GRE and 2 years for the TOEFL.) The GRE and TOEFL institution code is 1871, and is the only code needed. Our application deadline is January 15, 2020. Applications without official test scores as of January 16 will not be considered for admission. Please be aware that applicants are admitted for the Fall semester only.
Most students entering our Ph.D. program have majored in economics as undergraduates, and some have a Master's degree in economics. Extensive training in economics is helpful but not sufficient preparation for the Ph.D. program. It is essential that each entering student has taken at least one year of calculus, one semester of statistics, and intermediate level courses in microeconomic theory and macroeconomic theory. Courses in linear algebra differential equations, real analysis, and econometrics are also strongly recommended. Any deficiencies in these areas should be made up before beginning graduate work.
Ph.D. students normally receive a University Tuition Scholarship and a twelve-month stipend. University Tuition Scholarships are service-free awards that pay all or part of tuition costs. The following graduate awards are normally supplemented by a full University Tuition Scholarship, which usually includes student health insurance coverage: University Fellowships, Graduate Teaching Assistantships, Graduate Research Assistantships, Traineeships, and Teacher Training Awards. The stipend is associated with service learning as a teaching assistant. During the first year, students on aid have no teaching responsibilities. Thereafter, aid recipients serve 19 hours per week as teaching assistants. For 2019-2020, the stipend is $26,000. Financial aid awards are renewable for four additional years (subject to making satisfactory progress).
Applicants with outstanding records will be considered for University Graduate Fellowships (up to $5,000 per year for three years, with the possibility of renewal), which provide a supplementary stipend in addition to the usual financial aid award. Several of these awards are currently held by Economics Ph.D. students. The Graduate School also awards several three-year supplementary fellowships (up to $5,000 per year) to very promising students from diverse backgrounds, broadly defined, in Arts and Science disciplines. Finally, the Economics Department has a summer research grants program, where students can receive support, in addition to the regular summer stipend, for research they propose. Several awards in the neighborhood of $3,000 are usually awarded on a competitive basis.