Graduate Catalog
2022-2023
 
Policies, Procedures, Academic Programs
Economics
College of Science
Academics and College of Business administration. Known as Commerce Hall 1957-69; renamed Pamplin Hall in May 1969. Building completed Fall 1957; cost $734,645; 49,060 sq. ft. Named after Robert Boisseau Pamplin (1911-2009) and Robert Boisseau Pamplin Jr. (1941- ) who was a member of the Class of 1964.
3016 Pamplin Hall, Mail Code:0316, 880 West Campus Drive Blacksburg VA 24061
Pamplin Hall
Degree(s) Offered:
• PhD
PhD Degree in Economics
Minimum GPA: 3.0
Offered In:
Blacksburg
• MA
MA Degree in Economics
Minimum GPA: 3.0
Offered In:
Blacksburg
Web Resource(s):
Phone Number(s):
540/231-5689
Application Deadlines:
Fall: Feb 01
Directions
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The Graduate School
to
Pamplin Hall

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Department Head : Sudipta Sarangi
Graduate Program Director : Niloy Bose
Emeriti Faculty: Amoz Kats
Professors: Richard Ashley; Sheryl Ball; Niloy Bose; Suqin Ge; Hans Haller; Djavad Salehi-Isfahani; Sudipta Sarangi; Aris Spanos; Thorwald Tideman
Associate Professors: Eric Bahel; Richard Cothren; Adam Dominiak; Xu Lin; Kwok Tsang
Assistant Professors: Sergio Barrera; Ali Habibnia; Matthew Kovach; Shaowen Luo; Melinda Miller; Alexander Smith
Visiting Faculty: Hector Tzavellas
Wilson Schmidt Professor: Aris Spanos
Advanced Instructors: Gebremeskel Gebremariam

Economics PhD Introduction

The Virginia Tech Economics program was established on September 1, 1961, and since then, it has awarded more than 200 doctoral degrees in economics. From 2000 onwards, the program has taken a new direction - while students still earn a doctorate in Economics, the program is jointly administered by the Department of Economics and the Department of Agricultural and Applied Economics, giving students access to a variety of courses.

1. Curriculum - The Ph.D. program is designed to be completed in 4-5 years, with the first two years focused on coursework and the remaining years on research and completion of the dissertation. Following a set of compulsory core courses in microeconomics, macroeconomics, and econometrics in the first two years, the students take more advanced and specialized field courses in areas like applied microeconomics (health, labor, and development economics), microeconomic theory, experimental and behavioral economics, econometrics, and macroeconomics. Students must pass a Qualifying Examination at the end of the first year and complete and defend a Third Year Research Paper before the end of their third year. Each student is expected to successfully defend a doctoral dissertation by the end of the fourth or fifth year in the program.

2. Career - The doctoral program in economics prepares students for research and teaching careers and careers in the public and private sectors that require knowledge and understanding of the most advanced economic theory and methods. Our recent graduates are well-placed nationally and internationally in academic institutions, finance and investment industries, and government sectors.

3. Faculty Research - The faculty members conduct research in diverse fields, including i) Microeconomic Theory & Game Theory, ii) Applied Microeconomics (Labor, Development, Industrial Organizations, and History), iii) Experimental & Behavioral Economics, iv) Econometrics, v) Resource & Environmental Economics, and vi) Macroeconomics and Finance.

4. What Sets Us Apart – The doctoral program in Economics is housed in the College of Science, focusing on integrating modern scientific techniques with economic reasoning to prepare students for the modern economy. Besides conducting research in core subject areas, the economics faculty engages in research in the emerging and cutting-edge interdisciplinary fields such as behavioral economics, big-data science, decision theory, and neuroeconomics. Our doctoral students receive personalized attention from the faculties and engage in collaborative research with the faculty members early in their careers. Participation in conferences and department seminars is encouraged. Students also actively participate in subdiscipline-specific research groups.

Economics MA Introduction

The M.A. program in Economics at Virginia Tech is unique since it is housed in the College of Science with the goal of integrating modern scientific techniques with economics reasoning to prepare students for the global workforce. Apart from getting the standard toolkit in economics, the students in this program will be trained in subject areas like Big Data techniques, Game Theory, Financial Economics, and Behavioral Economics. The M.A. program in economics prepares students for research and teaching careers as well as careers in the public and private sectors that require knowledge and understanding of the most advanced economic theory and methods. The M.A program is designed to serve students who wish to pursue a career in consulting, finance, or the gig economy. Students interested in pursuing a Ph.D. in Economics will also be able to take a wide range of electives from our doctoral courses while being enrolled in the M.A. program. From 2000 onwards, the graduate program is jointly administered by the Department of Economics and the Department of Agricultural and Applied Economics, giving students access to a variety of courses.

1.     Curriculum - The M.A. program is designed to be completed in 2 years.  Following a set of compulsory core courses in microeconomics, macroeconomics, and econometrics, the students take more advanced and specialized field courses in areas like applied microeconomics (health, labor, and development economics), microeconomic theory, experimental and behavioral economics, econometrics, financial economics, Big data economics and macroeconomics.

2.     Faculty Research - The faculty members conduct research in diverse fields, including i) Microeconomic Theory & Game Theory, ii) Applied Microeconomics (Labor, Development, Industrial Organizations, and History), iii) Experimental & Behavioral Economics, iv) Econometrics, v) Resource & Environmental Economics, vi) Macroeconomics and Finance and vii) Big Data Economics.

3.     What Sets Us Apart –Besides conducting research in core subject areas, the economics faculty engages in research in the emerging and cutting-edge interdisciplinary fields such as behavioral economics, big-data science, decision theory, and neuroeconomics.

Offered In (Blacksburg)

Degree Requirements

Minimum GPA: 3.0
Institution code: 5859
Testing Requirements:
  • TOEFL
    • Paper
      • 600.0
    • Computer
      • 250.0
    • iBT
      • 90.0
  • GRE
    • General Test
      • Quantitative : 155.0
Students seeking the Ph.D. must complete 90 total credit hours of work, consisting of 24 credit hours of core requirements, 21 credit hours of field courses, 30 credit hours of research & dissertation, and an additional 15 credit hours of research & dissertation or other Graduate level courses with the permission of the Graduate Director.


The Economics Department does not offer Spring admission. Nor does it offer summer courses for graduate students.

The PhD in Economics is a STEM discipline.
Offered In (Blacksburg)

Degree Requirements

Minimum GPA: 3.0
Institution code: 5859
Testing Requirements:

Students seeking the M.A. in Economics must complete 30 total credit hours of work, consisting of core requirements and optional field courses.  Field courses require prior approval from the Graduate Director.

The Economics Department does not offer Spring admission. Nor does it offer summer courses for graduate students.

Economics Facilities Introduction

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MA Facilities

Students enrolled in the MA program are eligible to access the university facilities, including but not limited to the library and computing facilities.

The Department

Students on Teaching and Research assistantship are allocated office space with internet access in the department. The students also have access to an experimental economics lab located in 2088 Derring Hall.
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