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Master of Arts in Economics

Students with good credentials in any discipline may apply to the program, but successful applicants usually demonstrate an ability in economics or similar area with significant training in mathematics and statistics. Applicants should have completed a bachelor’s degree from an accredited institution. Ordinarily, applicants should have a minimum grade point average of 3.0 on a 4.0 scale in their undergraduate course work and in their previous economics courses. Before undertaking graduate study in economics, a student should have knowledge of intermediate-level undergraduate economic theory (ECON E321 and ECON E322), statistics (ECON E270), multivariate differential and integral calculus (the IUPUI equivalent MATH M 16500 offered by the mathematics department, and finite mathematics (MATH M118). Students with deficiencies in economics and/or mathematics may be admitted on a conditional basis.

The verbal, quantitative, and analytical writing portions of the Graduate Record Examination (GRE) are required and applicants are urged to complete the examination by December of the year before admission.

Three letters of recommendation are required. For students with English as a second language, a minimum TOEFL score of 79 or a minimum IELTS score of 6.5 is required. Higher scores are recommended.

Applicants must submit:

  1. an application form, 
  2. official transcripts of all relevant academic work, 
  3. three (3) letters of recommendation from people capable of assessing the student’s potential for graduate study (at least two are normally from former instructors), 
  4. scores from the Graduate Record Examination (GRE), and 
  5. a personal statement indicating why they wish to earn an advanced degree in economics.
  6. for most international students, TOEFL or IELTS scores

Graduate study in Economics also requires knowledge of intermediate-level undergraduate economic theory, differential and integral calculus, and statistics. An applicant whose academic record does not meet the standard in a particular area may be admitted if his or her record is outstanding in other respects.

International Applicants

Students from those countries in which English in not an official language are required to take either the TOEFL or the IELTS tests of English proficiency. The minimum acceptable score on the TOEFL is 79 and the minimum acceptable score on the IELTS is 6.5. Students from abroad whose TOEFL score is less than 100 or whose IELTS is less than 7.5 will be required to participate in the English for Academic Purposes (EAP) program at IUPUI. This may require additional coursework. We also accept successful completion of ELS 112 in lieu of a TOEFL or IELTS score for admission.

To apply online please Click Here

Students typically enter the program in August. Applications for admission may be submitted up through June 15.

PhD in Economics


Course sequence in univariate and multivariate calculus (equivalent to MATH M16500, MATH M16600, and MATH M26100 at IUPUI.

Linear algebra (equivalent to MATH M35100 at IUPUI).

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

Intermediate Microeconomic Theory (equivalent to ECON E321 at IUPUI)

Recommended Coursework includes the course sequence in Mathematical Analysis (equivalent to MATH M44100 and MATH M44200 at IUPUI). Additional courses in Economics will also be useful.

Required Testing

Graduate Record Examination (GRE) General Test (Quantitative, Verbal and Analytical Writing). Successful candidates typically have quantitative scores at the 700 level and above and scores below 650 are typically not sufficient for admission. Analytical Writing and Verbal scores can be somewhat lower.

For non-native English speakers who did not attend college in the U.S.: Either the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS). Successful candidates must achieve a minimum TOEFL score of 570 (or 230 on the computer version of the test or 88 on the internet version, iBT).  Typically successful candidate have scores of 600 or better (250 or better - computer version; 100 iBT). 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, the general training reading and writing modules.

Undergraduate Record

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. In unusual circumstances, if the minimum GPA requirement is not met, a conditional admittance could be considered.

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.

For a complete application you will need to submit:

  • online application
  • personal statement
  • 3 letters of recommendation
  • GRE and TOEFL (for International students) scores
  • college transcripts
  • there may also be supplemental questions required by the department

Submit materials to the following address:

IUPUI Department of Economics
425 University Boulevard, CA516
Indianapolis, IN  46202-5140

Apply Online Now!

International students will find useful information at the Office of International Affairs: http://iapply.iupui.edu/  

IUPUI Office of International Affairs Guide for International Students:http://iservices.iupui.edu/visa-tutorial/

Questions? Contact the Ph.D. Program at econphd@iupui.edu