Economic Analysis & Policy

Our doctoral program in the field of economic analysis and policy prepares students for research careers in economics. The program offers rigorous training and has several distinct advantages:

Low Student-to-Faculty 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

Jesse Perla, Christopher Tonetti, Michael E. Waugh
American Economic Review. January
2021, Vol. 111, Issue 1, Pages 73–128
Edward P. Lazear
Journal of Labor Economics. January
2021, Vol. 39, Issue 1
Takuo Sugaya, Alexander Wolitzky
American Economic Review. December
2020, Vol. 110, Issue 12, Pages 3817–3835

Insights by Stanford Business

November 25, 2020
Robert Wilson and Paul Milgrom show how auctions, if designed correctly, can help distribute resources more fairly.
Bob Wilson (left) and Paul Milgrom in the early morning hours shortly after finding out they won the Nobel Prize.
November 20, 2020
Access to superabundant data has transformed the methods of scholastic inquiry — and possibly the basic tenets of inquiry itself.
An illustration of figures and representations of data collection. Credit: Josh Cochran
September 15, 2020
Migrants from overrepresented countries arrive with less education and fewer skills.
A woman holds an American flag after her daughter’s naturalization ceremony in San Antonio, Texas. Reuters/Callaghan O’Hare