Economics PhD

Key information

Full-time - 3 years

Start date

October 2023

Why choose this programme

The School of Economics has a reputation as a leading research-intensive department in the UK. In the 2021 Research Excellence Framework, our School was ranked in the top 10 schools in the UK for world-leading research. The School achieved an overall ranking of 6th for real-world impact and 8th for research environment in REF.

Our doctoral programme starts with the MRes Economics programme in the first year, followed by the three-year PhD programme (with the possibility of a one year extension).

During your PhD programme, you’ll learn from leading research-active academics with expertise in a wide range of areas, including:

  • Macroeconomics
  • Microeconomic theory
  • Econometrics
  • Applied microeconomics,

Employment after your PhD

Our PhD students have gone on to academic positions as lecturers and postdoctoral researchers in the UK and overseas, including institutions such as:

  • University of Cambridge
  • University of Sussex
  • University of East Anglia
  • European University Institute
  • University of Glasgow
  • London School of Economics.

Our past students have also gone on to take leading positions in international institutions including:

  • International Monetary Fund
  • European Central Bank
  • Organisation for Economic Cooperation and Development
  • Financial Conduct Authority
  • Bank of Canada
  • European Investment fund
  • Leading think tanks and economic consultancy firms.

Studentships

We offer generous studentships for the duration of the MRes/PhD course for outstanding candidates, covering

1. international fees

2. a yearly stipend (for 2022-23 entry, up to £18,522), and

3. a yearly research allowance of £750 .

In addition to the yearly research allowance, there are funds available for visits to leading research departments overseas, and a special fund for larger research expenses.

Introducing the School of Economics MRes and PhD programmes | University of Surrey

Frequently asked questions about doing a PhD

What you will study

Our PhD programme produces graduates who are sought-after by leading economics departments, business schools and research institutions around the world.

Your first year will be spent studying core modules in microeconomics, macroeconomics and econometrics, while working on your research. The final two years of your PhD will be entirely dedicated to independent research, leading to a PhD dissertation.

You’ll also have the opportunity to contribute to the teaching and research activity of the School.

 

Assessment

Your final assessment will be based on the presentation of your research in a written thesis, which will be discussed in a viva examination with at least two examiners. You have the option of preparing your thesis as a monograph (one large volume in chapter form) or in publication format (including chapters written for publication), subject to the approval of your supervisors.

Your final assessment will be based on the presentation of your research in a written thesis, which will be discussed in a viva examination with at least two examiners. You have the option of preparing your thesis as a monograph (one large volume in chapter form) or in publication format (including chapters written for publication), subject to the approval of your supervisors.

Personal and professional development

We have a package of development opportunities that will boost your research and teaching skills and put you in the best position to secure employment at the end of your course.

In addition to our Researcher Development Programme, which is provided to all PhD students at the University, we also offer a number of other learning opportunities.

Research assistant opportunities

During your PhD, you’ll have the opportunity to work alongside your research supervisor and other academic colleagues as a research assistant. You will be involved in activities such as conducting literature reviews, helping with data analysis and interpretation for current research projects, and you will play an active role in the research community of the School. These activities will typically be more intensive during the summer months.

Graduate Certificate of Higher Education

In the first year of your PhD, you will have the opportunity to enrol on the PG Certificate in Learning and Teaching in Higher Education programme offered at Surrey, by our own highly regarded Department of Higher Education. You will learn about pedagogy, practise your teaching skills and receive an internationally-recognised teaching qualification that will allow you to become a member of the Higher Education Academy.

Teaching opportunities

During your PhD, and on successful completion of your teacher training, you will be offered the opportunity to take on a range of teaching activities, fully supported by your academic colleagues. These teaching opportunities will further reinforce your personal and academic skills and help to enhance your understanding of your subject area as well as adding significantly to your CV.

Research support

The professional development of postgraduate researchers is supported by the Doctoral College, which provides training in essential skills through its Researcher Development Programme of workshops, mentoring and coaching. A dedicated postgraduate Careers and Employability team will help you prepare for a successful career after the completion of your PhD.

Research themes

  • Behavioural economics
  • Big data and resampling techniques
  • Choice under uncertainty
  • Development economics
  • Duration models
  • Econometric identification
  • Economics of crime
  • Education economics
  • Empirical revealed preference
  • Financial economics
  • Games theory
  • Health economics
  • Heterogeneous agents in macroeconomics
  • Labour economics
  • Learning and imperfect information in macroeconomics
  • Mechanism design
  • Models of household decision making
  • Network and spatial econometrics
  • Optimal taxation
  • Quantile regression
  • Quasi-experimental methods
  • Rational choice theory
  • Strategic experimentation
  • Strategic voting
  • Structural modelling
  • The consumer choice model
  • The econometrics of auctions

Modules

Your first year will be spent studying the core modules below whilst simultaneously working on your research. 

Semester 1

Semester 2

These modules are correct as of August 2022; please refer to the module catalogue for the latest information.

Our academic staff

See a full list of all our academic staff within the School of Economics.

Entry requirements

Students enrolled in the MRes in Economics at the University of Surrey will automatically receive a conditional offer on application to the PhD during their MRes studies. The condition to progress into the PhD will be to pass the MRes at least with merit (60%).

Applicants from other institutions are expected to hold an MRes degree in a relevant discipline, normally with a first class honours (or equivalent). A minimum of two referees should be provided with your application. Applicants are also requested to submit a cover letter specifying their motivation to pursue a PhD in Economics at the University of Surrey and highlighting their broad research interests.

GRE criteria

Applicants should also take the GRE exam, unless they have completed a University of Surrey degree or are currently studying with us. Only the Quantitative Reasoning part of the GRE test is compulsory. Applications without evidence of GRE (Quantitative Reasoning) will not be considered.

Please note your GRE exam statement should be less than five years old at the start of the course. You should arrange for an official certificate of your score to be sent to Admissions of the University from the Educational Testing Service (ETS), as well as entering your scores in the relevant section of the application form. Please also select the University of Surrey as an official score recipient. You can also find instructions on how to have your scores sent to an institution. The Surrey institution code for the GRE is 3495; no department code is required as the scores are processed centrally. For more information about the test please see the GRE website or the ETS website.

International entry requirements by country

English language requirements

IELTS Academic:  6.5 or above with a minimum of 6.0 in each component (or equivalent).

View the other English language qualifications that we accept.

If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.

Selection process

Selection is based on applicants meeting the expected entry requirements, assessment of application, successful interview and suitable references where required.

Fees

Start date: October 2023

Full-time

UK
To be confirmed
Overseas
£19,300

For fees payable in 2022/23, these will increase by 4 per cent, rounded up to the nearest £100 for subsequent years of study. Any start date other than October will attract a pro-rata fee for that year of entry (75 per cent for January, 50 per cent for April and 25 per cent for July).

Overseas students applying for 2022 entry should note that annual fees will rise by 4% rounded up to the nearest £100.

View a complete list of all fees for our research programmes.

Additional costs

There are additional costs that you can expect to incur when studying at Surrey. Find out more.

Funding

A Postgraduate Doctoral Loan can help with course fees and living costs while you study a postgraduate doctoral course. 

We offer generous studentships, please see our studentships page for further information.

 

How to apply

If you are applying for a studentship to work on a particular project, you should enter the details of the specific project that you wish to apply for rather than your own research proposal.

More information on the application process.

Code of practice for research degrees

Surrey’s postgraduate research code of practice sets out the University's policy and procedural framework relating to research degrees. The code defines a set of standard procedures and specific responsibilities covering the academic supervision, administration and assessment of research degrees for all faculties within the University.

Download the code of practice for research degrees (PDF).

Terms and conditions

When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations, and our terms and conditions. These terms and conditions are provided in two stages: first when we make an offer and second when students who have accepted their offers register to study at the University. View our offer terms and conditions and our generic registration terms and conditions (PDF) for the 2022/2023 academic year as a guide as to what to expect.
 
Please note: our offer terms and conditions will be available in the September of the calendar year prior to the year in which you begin your studies. Our registration terms and conditions will vary to take into account specifics of your course.

Disclaimer

This online prospectus has been prepared and published in advance of the academic year to which it applies. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. Read our full disclaimer.

Course location and contact details

Campus location

Stag Hill

Stag Hill is the University's main campus and where the majority of our courses are taught. 

University of Surrey Admissions

Contact Admissions Team

Address

University of Surrey
Guildford
Surrey GU2 7XH