Update your status of this course
Cornell University Course/Program Name
Application closes on
National :15 Dec 
International :15 Dec 

PhD Applied Economics and Management

 Course Level
PhD
 Type
Full Time

 Duration
5 Years
 Start month
September

 Tuition fee

International
29500 USD
National
29500 USD

Application fee

International 95 USD
National 95 USD
Department
School of Applied Economics and Management
Scores accepted
IELTS (min)7
TOEFL-IBT (min)100
TOEFL-PBT (min)600
GRE (avg)317
GMAT (avg)700
18

World University Ranking

Get the best abroad education loan at free of cost

WeMakeScholars initiative is supported by the Govt. of India; associated with 10+ public/private banks & NBFCs.

Due to high number of loan requests from your region, we are not accepting any new applications at the moment. We believe in offering quality service to our customers.

Sorry for the inconvenience caused.

About this course

The following degree program requirements are general requirements. Each student should check with his or her Special Committee for additional course requirements, and students should also check with the Dyson School's Director of Graduate Studies (DGS) and the Graduate Field Assistant for additional requirements of the Graduate School.

  • Special Committee: Ph.D. students must select the chair of their Special Committee by the end of the second semester, and they must select two minor members by the end of the third semester. One of the minor members must represent a field outside Applied Economics and Management (AEM).
  • Weekly seminar course: Required for all new Ph.D. students in the first semester and they must enroll in AEM 7030. This mandatory seminar meets every Tuesday, beginning at 4:30 p.m. in Warren 401.
  • Monthly graduate program seminars: Attendance is required for the first two years for all Ph.D. students, and each student must enroll in AEM 7030 each semester. Graduate program seminars are held once a month (Fridays from 11:00 a.m.-12:30 p.m.) during each academic year.
  • 6 registration units: 6 full-time semesters of course study (minimum of 12 credit hours per semester).
  • A grade of B- or better is required in all of the following mandatory courses during the first year of the Ph.D. program: AEM 7010, AEM 7020, AEM 7100, ECON 6090, ECON 6100, ECON 6170, and ECON 6190. During the second year of the Ph.D. program, all students must take one macroeconomics course (ECON 6130 or ECON 6140), one additional econometrics class (e.g., ECON 6200), Applied Microeconomics Research I and II (AEM 7150 and AEM 7151) and must receive a grade of B- or better in each of these classes.
  • Passing grade on the graduate field of Applied Economics and Management qualifying examination (also called the "Q" exam), taken in the summer immediately following the first academic year. Failure to meet the minimum grade requirement of B- or better in all of the required classes and/or failure in passing the AEM “Q” Exam will result in the student’s removal from the Ph.D. program in the graduate field of applied economics and management.
  • Mentored research paper: The paper should address an applied economics issue and should be of quality to eventually be publishable in a top field journal. Work should begin in the summer following the first year of the qualifying exam. Passing grade is required on the research paper in the summer following the second year of the Ph.D. program.
  • Admission to candidacy exam (also called the “A” exam) is taken at the completion of the required coursework, although this does not preclude taking courses after the “A” exam.
  • Ph.D. dissertation.
  • Must present a Dyson School seminar prior to oral defense of the dissertation. The seminar must be announced a minimum of one week in advance. Students are required to send the title, paper, or abstract to the Dyson Director’s office ([email protected]) for distribution to all faculty, academic, and professional staff, and graduate students in the Dyson School.
  • Final oral dissertation examination (also called the “B” exam). Please note: The Graduate School requires two full-time semesters of course study between the “A” exam and the “B” exam.

Check further details on University website

Eligibility Criteria

English Proficiency 
Proficiency in English is required of all applicants. Applicants whose native language is not English must take the TOEFL test. Only students who have studied full time for two or more years at a college or university where English is the language of instruction and is located in a country where English is the native language are exempt from the TOEFL. If the TOEFL must be taken, the following minimum TOEFL scores are required to be considered for admission: Writing = 20; Listening = 15; Reading = 20; Speaking = 22. Please note: These are the minimum scores for admission. Applicants considered for assistantship support in AEM have a speaking score of 27 or higher.

Please note: We do not accept IELTS scores.

Accepted applicants who meet the English proficiency requirement with the minimum TOEFL scores noted above and who have a total score below 105 must take the English placement test given at Cornell during registration week. If the placement score indicates that the student needs additional formal training in English, such a course will be required during the first semester.

Check further details on University website

Course Modules

Ph.D. Core Course Sequence and Competency in Economic Theory

  • First-year core course sequence: During the first year of the Ph.D. program, students are required to take and receive a grad of B- or better in the following courses:
  • AEM 7010: Applied Microeconomics I
  • AEM 7020: Applied Microeconomics II
  • AEM 7100: Econometrics I
  • AEM 7150: Applied Microeconomic Research I
  • AEM 7151: Applied Microeconomic Research II
  • ECON 6090: Microeconomic Theory I
  • ECON 6100: Microeconomic Theory II
  • ECON 6130: Macroeconomics I or ECON 6140: Macroeconomics II
  • ECON 6170: Intermediate Mathematical Economics I
  • ECON 6190: Econometrics I

AEM 7010 (offered fall semester) and AEM 7020 (offered spring semester) incorporate five modules focusing on selected topics in production economics, the economics of consumer demand, applied welfare economics, risk analysis, and applied industrial organization.

"Q" Exam: Students must pass the AEM qualifying ("Q") written competency examination in applied microeconomics immediately following the first academic year of the Ph.D. program. Students are allowed two attempts to pass the AEM "Q" and these attempts must be made during the summer following the first academic year of the Ph.D. program.

Macroeconomic theory: Students are required to take and receive a grade of B- or better in a Ph.D.-level macroeconomics theory course (e.g., ECON 6130 or ECON 6140). They are allowed two attempts to achieve the required grade. A student may substitute a passing score on the written macroeconomics qualifying examination given by the graduate field of Economics for the grade requirement, but only two attempts to pass this examination are allowed.

Econometrics: Student are required to take and receive a grade of B- or better in two additional Ph.D.-level econometrics classes (e.g., ECON 6190, PAM 6090).

Research paper: Students are required to complete a research paper on an applied economics issue by the end of their second academic year. This research paper should be of sufficient quality to be publishable in a top field journal.

Failure of any of the requirements listed above is considered evidence of inadequate preparation for the oral admission candidacy examination ("A" exam). Students must meet the requirements above before they begin their seventh semester of the Ph.D. program.

Examination results and coursework in economic theory from other universities cannot be substituted for Cornell's Ph.D. requirements in the graduate field of Applied Economics and Management.

Suggested Courses
Background Preparation
Incoming Ph.D. applicants are required to have a thorough knowledge of microeconomic theory, macroeconomic theory, and quantitative methods. All applicants must have a thorough knowledge of calculus, linear algebra, and at least two semesters of advanced mathematics, including a course in real analysis. Math classes such as differential equations, mathematical probability and statistics, optimization, and stochastic differential equations are also good preparation for the Ph.D. program. All of these classes should have a grade of B or better at the time of matriculation. Applicants who do not have this academic background will not be admitted into the Ph.D. program but will be considered for admission to the M.S. degree program.

Theory
Ph.D. students should take ECON 6090, ECON 6100, ECON 6170, and ECON 6190 to prepare for the required written applied microeconomics qualifying examination at the end of the first year. Additional theory courses should be taken to support development of your expertise in your chosen field of research.

Math
Students should choose ECON 6170 concurrently with ECON 6090 in the fall semester. Many students benefit from additional mathematics training taken prior to the beginning of Ph.D.-level economic theory, often including coverage of material taught in MATH 2230 and MATH 3110.

Statistics
ECON 6190 is required of all first-year Ph.D. students. BTRY 4090 is recommended for students minoring in econometrics or quantitative methods.

Econometrics and Quantitative Methods
At least two Ph.D.-level courses in econometrics are required. Examples, if offered, are: AEM 7100, ECON 6190, ILRLE 7410, ILRLE 7420, or PAM 6090.

Examples of quantitative methods courses are Computational Economics, General Equilibrium Modeling, and Mathematical Programming.
If specific classes are not being offered, please check with the chair of your Special Committee or DGS for guidance.

Major and Minors
Courses necessary for each major and minor are determined by the student's Special Committee. Some concentrations require written qualifying examinations.

Electives
To help understand the literature outside their own major and minors, students are encouraged to take at least one course in each area of concentration.

Ph.D. Program for Years 1 and 2

Year 1
Fall Semester

  • AEM 7010: Applied Microeconomics I
  • AEM 7030: Graduate Seminar (required)
  • ECON 6090: Microeconomic Theory I
  • ECON 6170: Intermediate Mathematical Econ I
  • ECON 6190: Econometrics I

Spring Semester

  • AEM 7020: Applied Microeconomics II
  • AEM 7030: Graduate Seminar (required)
  • AEM 7100: Econometrics I
  • ECON 6100: Microeconomic Theory II

Year 2
Fall Semester

  • AEM 7030: Graduate Seminar (required)
  • AEM 7150: Applied Microecon Research I
  • Macroeconomics or Econometrics
  • Field Course
  • Field Course

Spring Semester

  • AEM 7030: Graduate Seminar (required)
  • AEM 7151: Applied Microecon Research II
  • Macroeconomics or Econometrics
  • Field Course
  • Field Course

Please note:

  • Students on a teaching or research assistantship should consider 3 credits hours of time will need to be allocated to the teaching or research assistantship each semester. Please do not enroll in more classes than necessary.
  • Nine credit hours is considered full-time Ph.D. study each semester in AEM.
  • In choosing course electives, first-year students should consult Professor David Just(unless otherwise assigned to individual faculty) during the fall semester, and students should work with Professor Antonio Bento or the chair of their Special Committee for the selection of spring semester courses.
  • Students will be expected to pass the AEM Applied Microeconomics qualifying examination immediately following the end of Year 1. Therefore, all first-year Ph.D. students are required to enroll in AEM 7010 (fall), AEM 7020 (spring), AEM 7030 (fall-spring), ECON 6170, and ECON 6190.
  • Students are required to enroll in ECON 6090 (fall), ECON 6100 (spring), ECON 6170, and ECON 6190 in Year 1 of their Ph.D. program.
  • Students are required to enroll in AEM 7100 (spring) in Year 1 of the Ph.D. program.
  • During Year 2, students should fulfill the macroeconomics course requirement, two additional econometrics course requirements, and the mentored research paper project, AEM 7150 (fall) and AEM 7151 (spring).

Check further details on University website

How to Apply

Application Requirements
To apply to the Graduate School at Cornell University, students must submit all of the following items to be considered for admission and financial support the subsequent fall term. Late applications will not be accepted.

  • The Cornell University Graduate School application form
  • Undergraduate transcript(s): students who have already earned an M.S. degree should also submit a graduate school transcript; all transcripts should be uploaded into the online application form; students who are subsequently admitted and accept the offer of admission will be required to submit an official paper transcript prior to matriculation
  • Two letters of recommendation from persons who can appraise the academic potential of the applicant
  • Results of the GRE examination (Institution code = 2098); there are no minimum GRE score requirements; applicants you will be competing with for admission typically have 85% and above in each category
  • For the M.P.S. in Applied Behavioral Economics and Individual Choice (ABEIC),the GMAT can replace the GRE
  • Results of the TOEFL, if required (Test of English as a Foreign Language) (Institution code = 2098)
  • Applicants can obtain the application form electronically through the Graduate School website, which provides detailed information on application requirements and procedures. Cornell University expects all applicants to complete their application materials without the use of paid agents, credentials services, or other paid professional assistance. The use of such services violates University policy and may lead to the rejection of application materials, the revocation of an admissions offer, cancellation of admission, or involuntary withdrawal from the University.

Application Deadlines 
Ph.D., M.S., and M.P.S.-Agriculture and Life Sciences. To receive full consideration for graduate assistantships or fellowships, complete applications must be submitted by December 15 for the subsequent fall term. To ensure your application is complete by December 15, we strongly encourage all applicants to submit their online application and supporting materials at least two weeks in advance of our deadline. Late applications will not be accepted.

M.P.S. in ABEIC. If you are applying for the M.P.S. in Applied Behavioral Economics and Individual Choice (ABEIC), your application will be reviewed on a rolling basis, with decisions made by February 15 for any application received before December 15, and within 8 weeks of submission for any application received after December 15. The final application deadline for the M.P.S. in ABEIC for the subsequent fall term is April 15.

 

Check further details on University website

Questions about this Course

No discussions right now. Be the first one to start.

Hey, ask a question or start a discussion here

Choose your question type:

Q/A Profile evaluation Poll Interview experience

Join the largest Study Abroad community      Log in      Sign up