Economic Analysis & Policy

The PhD Program in economic analysis and policy prepares students for research careers in economics. While offering training comparable to that received by graduate students in highly ranked economics departments, the Stanford GSB program has several distinct advantages:

Low Faculty-to-Student Ratio

First, enrollment in the program is small. This encourages close faculty-student contact and allows students to become involved in research very early. Students work first as assistants on faculty research projects and, as their interests and skills develop, on their own research. Students often begin their publishing careers before completing their degrees.

Flexible and Innovative Program

Second, the program is flexible and innovative; students can draw on both the school’s and the university’s distinguished faculty. In addition to the faculty in the economics group at Stanford GSB and in the university’s economics department, students have access to faculty in political and behavioral sciences; accounting and finance; mathematics, statistics, and computer science; and many other disciplines.

A Top-Ranked School

Third, the program is part of a top-ranked professional school. This setting allows students to gain a deeper understanding of the actual processes of business decision-making and public policy formulation.

Preparation and Qualifications

Students who enroll in this program have a substantial background in economics and mathematics. They are expected to have, minimally, mathematical skills at the level of one year of advanced calculus and one course each in linear algebra, analysis, probability, optimization, and statistics.

The faculty selects students based on predicted performance in the program. Evidence of substantial background or ability in the use of mathematical reasoning and statistical methods is important. Most successful applicants had quantitative undergraduate majors in economics, mathematics, or related sciences.

In addition to evidence of ability and letters of recommendation, the faculty considers carefully the applicant’s statement of purpose for pursuing the PhD degree. The successful applicant usually has clearly defined career goals that are compatible with those of the program.

Acceptance into the program is extremely competitive. Admitted applicants compare very favorably with students enrolled in the top economics departments of major universities.

Recent Journal Articles in Economic Analysis & Policy

John E. Bistline, Stephen D. Comello, Anshuman Sahoo
Energy. May
2018, Vol. 151, Pages 211-225
Xiang Zhang, Douglas E. Faries, Hu Li, James D. Stamey, Guido W. Imbens
Pharmacoepidemiology & Drug Safety . April
2018, Vol. 27, Issue 4, Pages 373-382
Susan Athey, Emilio Calvano, Joshua S. Gans
Management Science. April
2018, Vol. 64, Issue 4, Pages 1574-1590

Insights by Stanford Business

June 20, 2018
Too many people are strategically dropping their health insurance after getting the care they need.
A man looks over the Affordable Care Act signup page. |  Reuters/Mike Segar
June 11, 2018
A new study questions the effectiveness of targeting “hubs” at the center of social networks.
Flowers on a vine | Illustration by Harriet Lee-Merrion
May 23, 2018
Telling cats from dogs is easy. It’s the what-ifs that get problematic.
San Marcos student Amaris Gonzalez takes a selfie with "Pepper" an artificial Intelligence project utilizing a humanoid robot. | Reuters/Mike Blake