Last Updated: April 24, 2021

Studying Economics in Stanford University

Stanford University is one of the top 5 universities in the world to study economics in. The university has seven schools in all with over 40 different academic departments at just the undergraduate level but at the same time, they also have colleges with courses relating to law, business, medicine, and engineering.

This university has produced over 84 Nobel Laureates in the 130 years the university has been functioning. Their Economics Department caters to students who want to study the ways in which an economy works and how different economic policies affect people. They offer courses at an undergraduate level comprising of honors, majors, and minors along with graduate degrees like masters and a Ph.D.

Undergraduate Programs at Stanford

Stanford offers undergraduate programs in Economics for students who wish to take up the subject as a full-time course or as an elective while actively learning another subject. Students have the option of taking Economics as a major or a minor and they can also do an Honors in the subject.

General Application Requirements

Financial Aid for Undergraduate Programs

Students who have been admitted to the Stanford University, whose families earn less than $150,000 a year have to pay no tuition fee. And most of the other eligible students also receive need-based financial aid which amounts to $58,494 throughout their course. Students who have families that earn less than $75,000 do not have to pay not just the tuition fee but also do not have to pay for room and board.

Financial aid is provided to students in the form of scholarships from Stanford on top of which students can also receive funding from additional sources like Federal and State grants, and outside scholarships.

Economics Major at Stanford

The Economics Major requires students to do 6 core courses which account for 30 units of their course along with a field course which accounts for 25 units in the course. Students also have to complete electives worth 20 units and complete a writing course titled ECON 101 for 5 units.

Core Course Requirements

Students have to complete the following core course requirements in order to receive their degree-

Additional Course Requirements

Economics Minor at Stanford

Taking an Economics Minor is for students who are already occupied with another major course of study and want to enhance their knowledge in another subject. Students who wish to do the same have to fill out a major-minor form available at the university and submit it for approval after which they can pursue the same.

Core Course Requirements

Students are supposed to complete 35 units of core course work in Economics if they are taking an Economics Minor. The core courses are-

Additional Course Requirements

Honors in Economics at Stanford

Students who want to do a course in Economics that is more intensive than the Economics Major can apply for the Honors Program since it requires both coursework and research work. The students who have enrolled for the Honors Program are allowed to participate in the Honors Research Symposium and will also receive a BA in Economics with an Honors title in their diploma and transcripts.

Course Requirements in Addition to Economics Major

Students are required to complete all the requirements for Economics Major and on top of that, they have to earn 5 extra units to meet the necessary 85-unit requirement for the Honors Program.

Career After Graduation

Students who have completed their degree in Economics despite being economists can have innumerable job opportunities and even academic opportunities that can shape them up into what they aspire to be. A few of these opportunities that are suggested by the university are-

Graduate Programs at Stanford

Stanford University offers four different programs under their Graduate Program which are Master’s, Ph.D., Ph.D. Minor, and Joint Degree Programs. Each of these programs has been created and shaped in ways that will help students achieve their best during the duration of their course. The tuition fee for the first year of Ph.D. is approximately $54,315, in the second to fourth year it comes down to $35,310 and in the fifth year it is around $10,593.

General Requirements

Students can apply for the graduate courses by submitting the following documents along with the online application. Offline applications are no longer received by the university. The application fee is $125 and is non-refundable in nature.

Financial Assistance for Graduate Programs

Students can receive fellowships, assistantships, or research funding. These financial aids help students focus on their academics without having to pursue a career along with their full-time educational requirements. Fellowships like SGF or Knight-Hennessy are provided by the university which covers their tuition fee and provides them with a health insurance subsidy. At the same time, students can avail fellowships like the following among others.

Master’s Degree in Economics at Stanford

There is no separate Master’s Program at Stanford and students who wish to take a Master’s degree must apply for the Ph.D. program and take it as an add-on course while doing their Ph.D. In order to enroll for the same, students have to submit their master’s degree program proposal form along with their graduate authorization petition while paying an additional fee and students must also ensure that they receive grade B and above throughout their course.

Course Requirements

Students are required to complete the following course requirements in order to get their degree-

Ph.D. in Economics at Stanford

Stanford offers only a full-time Ph.D. for candidates who want to specialize in the different fields of Economics. They specialize in their interested fields by attending seminars and specific lunches that deal with similar topics and concepts. Students are supposed to have a year of teaching experience which could be the experience of having a teaching assistantship.

Core Course Requirement

Students are required to complete Core Microeconomics, Core Macroeconomics, and Econometrics during their course work along with 2 other field requirements from the list of research fields provided like Behavioral and Experimental Economics, Developmental Economics, Econometrics, etc. Along with this they should also complete-

Ph.D. Minor

This course is for students who are already doing their Ph.D. in another discipline and wants to pursue a Ph.D. in another discipline.

Course Requirements

Students should complete 20 units for coursework from the Department of Economics at Stanford. The only prerequisites are that the student must be qualified in the field of microeconomics, macroeconomics, or econometrics.

Degree in Economics