A PhD in economics is an advanced academic degree that offers in-depth knowledge and expertise in their field. However, they have clear focuses and career paths. Below is a comparison between these two types of doctoral programs:
PhD in Economics:
Focus: PhD in Economics is a research-intensive program that delves into economic theory, policy analysis, quantitative methods and empirical research. Its purpose is to produce economists who can contribute to the understanding of economic issues, policy formulation and academic research.
Courses:
The courses usually include advanced topics in microeconomics, macroeconomics, econometrics, mathematical economics, and special fields such as labor economics, environmental economics, international trade, and more.
Research:
The emphasis is on original research, when students conduct in-depth studies and contribute to the academic literature in economics.
Doctoral thesis:
The center of the program is the doctoral thesis, in which the students conduct comprehensive research, present their findings and contribute significantly to the field.
Career options:
Graduates of Ph.D. In economics, academic careers are often pursued as professors and researchers. They can also work as economic analysts, policy advisors, consultants and researchers in government agencies, think tanks, international organizations and in the private sector.