A Doctor of Philosophy, better known as a PhD, is a postgraduate degree often used to follow up a bachelor’s or master’s degree. While traditionally awarded in social sciences and the humanities, modern PhDs may be acquired in nearly any subject. The average PhD program tends to last five to eight years. Some students may wonder, what is a PhD in Economics? Economics is the study of ho… Read more
A Doctor of Philosophy, better known as a PhD, is a postgraduate degree often used to follow up a bachelor’s or master’s degree. While traditionally awarded in social sciences and the humanities, modern PhDs may be acquired in nearly any subject. The average PhD program tends to last five to eight years.
Some students may wonder, what is a PhD in Economics? Economics is the study of how goods and services are created, distributed, and consumed. It examines the way that economic agents, such as buyers and sellers, interact with each other, and the behaviors that cause these interactions. PhD candidates generally learn about microeconomics, which focuses on the agents themselves, and macroeconomics, which analyzes the way these agents form the economy as a whole.
A doctor in economics gains strong computational skills, which are useful not only in business but also managing finances in daily life. Programs also teach quantitative reasoning, so students learn to apply empirical evidence to their arguments inside and outside of their jobs. The problem-solving skills learned help unravel economic and personal difficulties.
The cost of studying for a PhD can vary quite a bit depending on the university and living necessities of the candidate. Shorter programs tend to cost less money than longer ones. Contacting the institution directly is the easiest way to get a better understanding of the financial requirements.
A PhD in Economics is useful for many careers, including market research analysts, compensations managers, and credit analysts. It is not uncommon for seemingly unrelated professions, such as lawyers, to study for this PhD. It allows them to understand the way economics affects their industries. Government policy analysts help politicians to understand the way laws and regulations may influence the national economy.
Many universities may offer PhDs in Economics, potentially offering students local options as well as online study. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.
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