The Chicago School of Economics. It all started here at the University of Chicago.

Fields of specialization in the Economics PhD Program include price theory, market structure, industrial organization, labor economics, financial economics, business cycles, economic growth, and international economics. Doctoral students can take advantage of a wide range of course offerings in the Kenneth C. Griffin Department of Economics at the University of Chicago and at Chicago Booth.

Our Distinguished Economics Faculty

Chicago Booth faculty have been responsible for many of the pioneering economic concepts that inform today’s global businesses and policymaking. And they’ll be your teachers, mentors, and research collaborators. Below you’ll find our microeconomics faculty. For our macroeconomics faculty, visit the Booth faculty directory and select “Macro/International Business” under “Academic Area.”

Eric Budish

Eric Budish

Paul G. McDermott Professor of Economics and Entrepreneurship and Centel Foundation/Robert P. Reuss Faculty Scholar

Eric Budish

Alumni Success

Alumni of the PhD Program in Economics have written dissertations in industrial organization, labor economics, microeconomics, and other related areas. Upon graduation, they go onto Career Outcomes in academics, government, and industry.

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Jessica Pan, AB ’05, MBA ’10, PhD ’10

Associate Professor of Economics
Department of Economics, National University of Singapore

Jessica Pan is an empirical labor economist with research interests in gender, education, and immigration. Her recent work examines gender differences in economic and educational outcomes, with a focus on underexplored determinants such as gender norms, social interactions, taste discrimination, behavioral traits, and workplace flexibility. Her PhD is in economics. 

Jessica Pan, AB ’05, MBA ’10, PhD ’10

Inside the Booth PhD Experience

Nick Tsivanidis, PhD ’18, talks about the culture of interdisciplinary study he found at Booth.

A Network of Support

Doctoral students at Booth have access to the resources of several high-powered research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Becker Friedman Institute for Economics
Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

George J. Stigler Center for the Study of the Economy and the State
Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation
Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

Fama-Miller Center for Research in Finance
Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

Center for Research in Security Prices
CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

Initiative on Global Markets
Enhancing the understanding of business and financial market globalization, IGM positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

Scholarly Publications

Chicago Booth is home to some of the most prestigious academic journals in economics.

The Journal of Labor Economics presents international research on the relationship between labor and the economy.

The Journal of Law and Economics has published some of the most influential and widely cited articles on a broad range of economic topics.

The Journal of Political Economy, one of the oldest economics journals in the world, focuses on the relationship between government and the economy.

Spotlight on Research

Our faculty and PhD students continually produce high-level research. The Chicago Booth Review frequently highlights their contributions in economics.

Current Economics Students

From the effects of government regulation on economies to the impact of urban transit infrastructures, our PhD students examine a wide range of economic issues. When they graduate, they go on to positions at some of the top universities and companies in the world.

Program Expectations and Requirements

The PhD Program at Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year.

For details, see General Examination Requirements by Area in the PhD Program Guidebook.
Download the Guidebook