University of Miami Scholarship in Economics 2027 (Fully Funded)

Choosing the right PhD in Economics is a high-stakes decision that shapes your academic path, research impact, and long-term career. Prospective students should look beyond institutional reputation and compare program structure, multi-year funding guarantees, faculty publication records, and fields of specialization. The University of Miami (UM) Business School offers a competitive fully funded PhD in Economics in the USA, designed to prepare graduates for placements at research universities, central banks, international policy organizations, and leading private-sector institutions.

The University of Miami Economics PhD program combines rigorous quantitative coursework, close faculty-student research collaboration, and a generous financial package. Located in a dynamic international business hub, it pairs the mentorship of a research-focused department with the cross-disciplinary strengths of a leading business school. For students searching for fully funded PhD programs in economics, economics PhD programs with stipends, or PhD in Economics for international students, Miami offers a supportive environment with strong publication potential. International applicants should also review student visa and health insurance requirements, as valid coverage is typically required before enrollment.

Whether you are comparing PhD stipend value, reviewing first-year core coursework, or preparing your application for the upcoming cycle, clear information makes the decision easier. This guide covers the University of Miami PhD in Economics 2027, including fields of specialization, full funding details, faculty research expertise, and application deadlines.

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Program Structure & Core Curriculum

The PhD in Economics at the University of Miami Business School is built on a two-phase model: a demanding foundational core in year one, followed by field specializations and original dissertation research in years two and beyond.

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|                     YEAR 1: CORE FOUNDATION                       |
|   Microeconomic Theory  |  Macroeconomic Theory  |  Econometrics  |
+-------------------------------------------------------------------+
                                  │
                                  ▼
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|               YEAR 2+: SPECIALIZATION & DISSERTATION               |
|  Select 2 Fields | Research Seminars | Coauthorships | Dissertation  |
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Year 1: First-Year Core

All incoming doctoral students complete a uniform, mathematically rigorous core curriculum during their first year:

• Microeconomics: Comprehensive coverage of price theory, consumer and producer decisions, game theory, and contract theory.
• Macroeconomics: Dynamic general equilibrium models, monetary policy theory, macroeconomic shocks, and economic growth engines.
• Econometrics: Advanced theoretical statistics, time-series analysis, empirical methods, and causal inference techniques.

Year 2+: Field Specializations & Seminar Sequences

After passing the core curriculum, candidates transition into specialized field courses and research seminars. Students select two fields of specialization from the following domain areas:

1. Macroeconomics and Monetary Economics
2. Applied Microeconomics
3. Industrial Organization
4. Behavioral Economics
5. Labor Economics
6. Financial Economics

Field sequences combine advanced coursework with research seminars designed to guide students from theoretical mastery to independent dissertation output.

Fully Funded PhD Package & Financial Support

The department offers multi-year financial support packages to qualified admitted candidates, allowing students to pursue research full-time without financial strain.

This funding package ensures students have continuous year-round financial backing, including summer research stipends.

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Faculty Publications & Academic Environment

A key strength of the program is its faculty, comprised of active scholars who regularly publish in top-tier economics journals.

Prominent Publication Outlets

Faculty members publish research in premier academic journals, including:

• American Economic Review
• Journal of Political Economy
• Econometrica
• The Review of Economic Studies
• Journal of Monetary Economics
• Journal of Economic Theory
• Quantitative Economics
• Journal of Econometrics
• Review of Economics and Statistics
• American Economic Journals (AEJs)
• RAND Journal of Economics

Coauthorship & Collaborative Research

Unlike larger programs where doctoral candidates compete for faculty attention, UM doctoral students work closely with faculty mentors. Candidates frequently coauthor academic papers with professors prior to entering the job market.

Additionally, doctoral students participate in weekly joint seminars across the broader Business PhD community and attend regular departmental seminar series featuring visiting scholars from international central banks and major research universities.

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Campus Location: Coral Gables & Miami

The University of Miami is located in Coral Gables, Florida, within the vibrant Miami metropolitan area.

Global Business Gateway: Miami is a major center for international finance, real estate, trade, and technology, offering rich opportunities for empirical research and networking.

Research Integration: The UM Business School maintains strong interdisciplinary ties with departments and research centers across campus and throughout South Florida.

Diverse Academic Culture: Students thrive in an international, multicultural city that attracts faculty and students from around the globe.

Admissions Checklist & Application Deadline

Admissions to the University of Miami PhD in Economics are selective. Candidates must demonstrate strong quantitative skills, solid academic foundations in economics and mathematics, and aligned research interests.

Key Admission Requirements

Application Deadline: January 5th, 2027

Core Contact: Professor Stefania Albanesi ([email protected])

Academic Transcripts: Complete records from all undergraduate and graduate coursework.

Standardized Testing: Official GRE score submission.

Language Proficiency: Official TOEFL or IELTS scores for non-native English speakers.

Recommendations: Letters of recommendation assessing mathematical, empirical, and research abilities.

Statement of Purpose: Clear essay detailing prospective field choices, research interests, and career ambitions.

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