Doctor of Economics overview
Monash University and similar institutions allow students to undergo a PhD for the sake of making research contributions to economics. With the aid of two experienced supervisors, students will write a thesis of approximately 80,000 words on a topic of their choice over the course of three to eight years. Duration depends upon level of commitment, either full time or part.
Employment options
These programs equip students for a career in academia, providing the necessary research skills and analytical ability to make meaningful, continual contributions to the field. Working as a tenured professor at a university or as a researcher at a dedicated institute are ideal.
The employment options listed here are still viable alternatives, but a master degree already serves to teach skills relevant to those professions.
Scholarships and funding
One of the best opportunities available to economics PhDs are the University of Adelaide and Equal Opportunity Commission Industry PhD Scholarships. In addition to $27,082 per year, they provide the opportunity to work at the Equal Opportunity Commission with a diverse group of professionals and gain valuable experience.
There are a variety of other scholarships available to economics students, including:
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IBISWorld Scholarships, which contribute $1,000 toward paying off HELP debt. Applicants must write an essay between 800 - 1000 words to be considered.
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Monash Business School Indigenous Scholarship aid the socially or economically disadvantaged. What constitutes this sort of disadvantage is defined on Monash’s website.
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University of Melbourne students can apply for the Queen’s College Graduate Business and Economics Scholarship, which provides a one time payment of $5,710.
Prerequisites and selection process
There are a variety of potential prerequisites for these courses, including:
- An honours degree in economics or cognate discipline with a strong research component (roughly 25% of the course content).
- A submitted GMAT/ GRE result
- Demonstrable field knowledge (normally decided by recency of last relevant qualification).