Applied Economics
Wharton's PhD program in Applied Economics draws on a large faculty of applied economists across multiple Wharton departments and the Penn Law School, allowing specialization in a number of areas, including:
- Behavioral Economics
- Economics of Risk Management
- Industrial Economics and Business Regulation
- Public Economics and Political Economy
- Urban Economics and Real Estate
This highly analytical and quantitative program is designed to admit and train a cohort of exceptionally able doctoral students who show promise for academic careers in fundamental and applied research and teaching. Entering students need a strong undergraduate preparation in both mathematics and microeconomics and an aptitude for analytical thinking. Students begin with courses in economic theory and econometrics, and then specialize in areas related to those of our core Wharton faculty.
The program provides a variety of opportunities to conduct research. Students are encouraged to write at least one publication-quality paper during the first two and one-half years in the program. Often these papers are co-authored with faculty, providing a transition from coursework into the dissertation phase of the program. The program sponsors a research seminar series where speakers from Wharton, Penn, and other universities present original research. Students are encouraged to attend and participate in the seminar series.
Note: the Applied Economics program integrates and supplants the former doctoral programs of Business & Public Policy, Insurance & Risk Management, and Real Estate.
Financial Aid
All admitted students must have external funding or will be granted a four-year fellowship, including tuition, fees, and stipend in accordance with Wharton and University guidelines. Students participate in the intellectual life of the department by working as a research or teaching fellow. Check the FAQ (Frequently Asked Questions) about Applied Economics if you have any additional questions.
