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The Ph.D. program is designed to (i) advance knowledge concerning Health Economics; (ii) develop the skills essential for our graduates to conduct independent research. Our Ph.D. program currently offers the field of Health Economics.

Anne and SrikantThe department currently has 18 faculty members. Our faculty have well established, internationally recognized research programs, and this is especially true in applied microeconomics. The department has consistently moved up the research rankings ladder in economics. The most recent department ranking we are aware of places IUPUI well within the top 100 research departments in the U.S. and in the top 200 in the world.


We currently have 15 Ph.D. students in residence. This means substantial individual attention for students in our program. Students are normally accepted directly for Ph.D. study; we also expect there to be occasional cases where someone starts in the M.A. program, shows potential and enters the Ph.D. program.


As prerequisite, students must hold a bachelor’s degree from an accredited institution in the U.S. or the equivalent level of education from an institution outside the U.S. The department recruits promising students from the United States and around the world. Financial support in the form of a limited number of fellowships and assistantships is available and competitively awarded. Applications must be received by January 15th for financial aid consideration. An undergraduate major in economics can be helpful, but is not essential. Entering students must have a knowledge of intermediate microeconomic theory, statistics and sufficient preparation in mathematics. The Ph.D. program is quantitatively oriented, and students are expected to be able to use linear algebra and the calculus of several variables in their first-year courses.Mark and Jimmy

 


Our PhD program specializes in *Health Economics*. Students begin with rigorous Ph.D. core training in economic theory and econometrics, emphasizing microeconomic theory and microeconometrics. We offer a two-course field sequence in health economics as well as a course focusing on the institutional context of health, health care, and health insurance. Importantly, students will also take Ph.D. minor courses in a field such as biostatistics, epidemiology, bioethics, or health policy, giving them a background that will facilitate working in the interdisciplinary teams with whom health economists often interact. In addition to econometric theory, we will also offer a year-long empirical econometrics sequence, emphasizing statistical packages, working with large datasets, problems in applied econometrics and proposal writing. Our program features strong disciplinary training in micro economic theory, econometrics, and health economics enhanced with exposure to other related disciplines central to health and health care.

Online Application

The PhD Program Director, Wendy Morrison (317-423-5502) gcmorris@iupui.edu



Financial support

We offer generous financial support on a competitive basis.

Students awarded Teaching Assistantships or Research Assistantships receive an academic year stipend of $20,000, tuition remission (covering approximately 85-95% of tuition, depending on whether in-state or out-of-state), and student health insurance.  Support continues for a total of five years, subject to satisfactory performance.


Ph.D. Economics - Admission Prerequisites

Required Coursework

1. Course sequence in univariate& multivariate calculus (equivalent to MATH M165, M166, & M261 at IUPUI.)

2. Linear algebra (equivalent to Math M351 at IUPUI).

3. Statistics/Econometrics: Either

- a calculus-based undergraduate level course in probability or statisticsOR- any undergraduate statistics course plus a course in introductory econometrics (equivalent to E270 and E470 at IUPUI).

4. Intermediate Microeconomic Theory (equivalent to E321 at IUPUI)


Recommended Coursework

- Course sequence in Mathematical Analysis (equivalent to Math M441 and Math M442 at IUPUI).

- Additional courses in Economics.


Required Testing
Graduate Record Examination (GRE) General Test (Quantitative, Verbal and Analytical Writing).

- Successful candidates typically have quantitative scores at or above 155 (new scoring system) or 700 (old scoring system). Analytical Writing and Verbal scores can be somewhat lower.


For non-native English speakers who did not attend college in the U.S.: Either

1. Test of English as a Foreign Language (TOEFL).  We generally look for TOEFL scores of 100 or better.

OR

2. International English Language Testing System IELTS

The minimum acceptable IELTS score is 6.5; in practice, we look for an IELTS of 7 or more.  It is required that applicants take the academic reading and writing modules, not the general training reading and writing modules.
Undergraduate Record


Graduate School requirements include a bachelor’s degree from an accredited college or university, a minimum 3.0 grade point average on a scale of 4, and a minimum 3.0 average in the major field.   The Admissions Committee pays particular attention to grades in math and economics courses. 


Applications will be viewed in their entirety wherein a candidate’s outstanding qualifications in one area can be balanced against more marginal qualifications in another dimension.  However, admission is competitive and financial support even more competitive.  Most of the students admitted and supported will exceed the minimal requirements.

The University also awards one-year University Fellowships to a highly select group of incoming PhD students.  This Fellowship includes no work requirement.  The University Fellowship stipend is $22,500 and, in addition to tuition and health insurance as above, includes a travel allowance for conference travel.  Students that receive University Fellowships in their first year are awarded a Teaching or Research Assistantship in the subsequent four years at a stipend level of $22,000.


YEAR 1

Fall Semester

E 515 Institutional Setting for Health Economics in the U.S.

E 520 Optimization Theory in Economic Analysis

E 521 Theory of Prices and Markets I

E 571 Econometrics 1-Statistical Foundations

Spring Semester

E 573 Econometrics 2

E 621 Theory of Prices and Markets II

E 577 Computer Methods and Data Analysis

Comprehensive Examinations—Comprehensive examinations in Microeconomic Theory and Econometrics are taken at the end of the first year in the program; those passing (two attempts allowed) may continue for the Ph.D.; others may either finish an M.A. degree or leave the program.


YEAR 2

Fall Semester

E 611 Information Economics and Theories of Incentives and Contracts

E 670 Econometrics 3

E 643 Health Economics 1

Spring Semester

E 522 Macroeconomic Theory

E 673 Econometrics 4-Microeconometrics

E 644 Health Economics 2


YEAR 3

Fall Semester

E 578 Advanced Computer Methods and Complex Datasets  

E744 Health Economics Workshop (Required for at least 4 semesters in total—6 Credits Required)

Minor Field—A Minor Field (12 Credits Required)to complement Health Economics concentration.   Minor fields could include fields such as biostatistics, epidemiology, or health policy.  Individualized minors can also be constructed with approval from the Graduate School.

Field Examinations—Students are required to write and present a Field paper in Health Economics.  A grade of Pass, High Pass or Honors is required to pass the Field.  The presentation is typically during the Winter or Spring of the third year in the program.  

Field in Applied Econometrics—Achieving a field in Applied Econometrics requires a B+ average in the 2nd / 3rd year sequence of E578, E670, and E673.


YEAR 4

Thesis Credits—Registration for thesis credits normally begins in the fourth year and continues while completing the dissertation.  Students seeking to finish in 4 years should consult with the PhD Director about registering for thesis credits in the third year. 

E744—Typically, students will continue registration in the Health Economics Workshop while completing their dissertation.

Qualifying Examination—Students must pass a Qualifying Examination after completing all formal coursework.  The Qualifying Examination in Economics is multi-part, including the Comprehensive Exams, Field Paper and Presentation, and a defense of the dissertation proposal.  After passing the Qualifying Exam, the student will be admitted to candidacy.

Completion of the degree requires a minimum of 90 credit hours and successful oral defense of the dissertation.

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