Economics_vor 08_2013
Programme duration4 years
Beginning of programmeapplication deadline Feb 1 (May 1)
Study focusThe Ph.D. Program in Economics at Goethe University Frankfurt is designed to ensure that students acquire a thorough knowledge of economic theory, econometric and computational methods as well as the structure of modern economies, before beginning their own research under faculty supervision. Minimum prerequisite for consideration by the program’s admissions committee is a bachelor’s degree. An undergraduate specialization in economics is not required; the program rather seeks applications from candidates with outstanding analytical and quantitative skills who can demonstrate a strong interest in substantive economic issues. The program invites applications from both domestic and international students. The language of the entire program is English. In the first year of the program, students attend core courses in microeconomics, macroeconomics, econometrics and mathematical methods. At the end of the first year students must pass preliminary examinations in microeconomics, macroeconomics and econometrics. Upon permission of the director of the program, students already possessing a Master’s degree may be allowed to waive some of the first-year courses, but before being allowed into any second-year courses, all students will need to have passed the preliminary examinations. In the second year of the program students complete field courses in two fields of their choosing and begin to work on their own research. All students are required to have a faculty advisor by the end of their second year in the program. The role of the faculty advisor is to help the student to make the transition from coursework to research and to identify suitable dissertation topics. By the end of their third year in the program students will need to have completed their first research paper, have presented it in the Ph.D. Student workshop and have passed their proposal defense. The dissertation is completed in the fourth year of the program. The dissertation must be a major piece of research, and its chapters must have the potential for publication in an international scientific journal.The program's students have the option to also enroll in the “Master of Science in Quantitative Economics” (MSQE) Program at Goethe University. Under this opinion students may, after successful completion of four semesters of Ph.D. Program course work as well as completion of a Master's thesis be awarded the degree of “Master of Science in Quantitative Economics”. The Master’s degree does not require successfully passing the preliminary examinations. The Ph.D. Program does not, however, seek applications from students only interested in a terminal Master’s degree.
Admission requirementsMinimum prerequisite for consideration by the program’s admissions committee is a bachelor’s degree. An undergraduate specialization in economics is not required; however, beyond a rigorous undergraduate education, emphasizing analytical and quantitative skills as well as clarity of thought and expression, a strong interest in substantive economic issues is essential for success in the Ph.D. Program at Goethe University Frankfurt. The first-year courses assume familiarity with multivariable calculus, statistics through simple regression and matrix algebra. Adequate mathematical preparation is very important. Students without this background are advised to take mathematics and statistics/econometrics courses prior to applying. The minimum standard for admission to the Ph.D. Program is a “B” grade point average, but the admissions committee’s standard should be expected to be well above this threshold. All applicants are required to take the Graduate Record Examinations (GRE) aptitude test. (See for further information.) While the GRE does also contain verbal and analytical writing sections, the concern of the admissions committee will be with the quantitative section of the GRE aptitude test only. The GRE cannot be waived for any applicant. A minimum GRE quantitative score of 700 is required, but strong applicants are expected to score well above this threshold. (The GRE institution code for the Ph.D. Program is “3567”.) Applicants whose native language is not English are also required to submit Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS) scores, unless they have a degree from an English speaking college or university. The minimum scores are as follows: TOEFL/iBT: 70; TOEFL/PBT: 480; IELTS: 4.0. (See and for further information; the TOEFL institution code for the Ph.D. Program is “8941”.)
For further information contactGoethe University Frankfurt - Campus Westend - House of Finance
Ms. Olga Chandra
Grueneburgplatz 1
60323 Frankfurt am Main
+ 49 69 798 33638
+49 69 798-33924



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