PhD in Economics / Master in Economic Analysis- University of Cyprus

ABOUT:

The Department of Economics at the University of Cyprus provides a strong research-oriented academic environment, with faculty members with research interests spanning across various fields in Economics and Econometrics. Tilburg University Research Ranking, which measures research output in Economics journals, has been the University of Cyprus consistently within the top 100 institutions in Europe and within the world’s top 200 (currently 63 in Europe and 171 globally). Faculty members of the Department have published in most of the leading journals in economics and other related fields, including among others the American Economic Review, Econometrica, Annals of Statistics, and the Quarterly Journal of Economics.

The Master in Economic Analysis is designed to merge mathematical analysis with economic thinking, offering advanced education and scientific training for aspiring high-level analysts. Graduates of the program are well-equipped to attract the attention of international organizations, globally recognized research institutions, and private sector entities specializing in economic data analysis. Additionally, the program also caters to students considering a future Ph.D., equipping them with the foundational skills and rigorous training needed to excel in advanced research.

The Ph.D. in Economics aims to provide rigorous economic theory and econometrics training to enable our students to conduct cutting-edge original research in economics. Our aim is for our graduates to can successfully compete internationally for employment at Universities, research institutions, public policy organizations, and the private sector. Past graduates of the programme are now employed in renowned Universities abroad, as well as in several academic institutions in Cyprus.

We seek candidates with strong analytical skills, a background in quantitative methods (not necessarily in Economics) and a passion for research. Students coming directly from undergraduate studies, or without prior research-oriented graduate studies in Economics, are typically first enrolled in the Master in Economic Analysis, where they can complete the required coursework. Admitted students can also have the opportunity to transfer credits from similar classes taken in other universities.

FUNDING:

The Department makes every effort possible to ensure that the doctoral students have enough income to live independently during their studies. The Department covers the tuition fees of its incoming full-time Ph.D. students. In addition to this, most students are offered financial aid, in the form of scholarships or teaching assistantships, which allows them to cover their living costs. Students who are initially enrolled in the Master of Economic Analysis are also eligible for funding.

Typically, the initial offer of financial support covers the first year of studies. Renewal of the support beyond the first year is usually offered to students who are admitted to the research stage of the Ph.D. programme.

The Department tries its best to clarify the financial support that incoming students should expect as soon as possible. Oftentimes, this is done already when the Department offers a position to the applicant in the programme or soon after that.

The Department offers additional funding for participation in conferences, enrolment in summer/winter schools and online courses, as well as it provides opportunities for research visits in renowned research institutions.

In the past decade, the Department has financially supported all its full-time Ph.D. students throughout their studies and a substantial number of students enrolled in the Master in Economic Analysis.

PROGRAMME STRUCTURE:

Both programmes share the same coursework stage. The students take core courses in Microeconomics, Macroeconomics and Econometrics, as well as a course in Mathematics, two courses in Topics in Current Economic Research and additional elective courses that help them deepen their knowledge in specific research areas. 

Students who are enrolled in the Master of Economic Analysis can choose between attending several elective courses or writing a Master's thesis. If a graduate of the Master in Economic Analysis continues its studies to pursue a Ph.D. in Economics then the credits from courses completed in the Master's programme are transferred. 

Ph.D. Students with sufficiently high performance in the core courses obtain the right to take the comprehensive exam. Students who are enrolled in the Ph.D. Programme and successfully complete the coursework stage, but do not meet the requirements to enter research stage of the Ph.D. Programme can graduate with a Master in Economic Analysis. Success in the comprehensive exam gives the student the right to proceed to the programme’s research stage. During the research stage, the student conducts research under a Research Advisor’s guidance, intending to write a doctoral dissertation.  

APPLICATION PROCESS: Applications will open soon!

First Deadline: 31/03/2025   
Second Evaluation Round: 30/04/2025
Final Deadline: 30/06/2025

Applications received after the first deadline are evaluated on a rolling basis. Interested candidates are encouraged to apply as soon as possible to ensure that they can be evaluated while there are still available positions and funding opportunities.

ADDITIONAL INFORMATION AND CONTACT DETAILS:

Info about the life in Cyprus can be found at UCY’s International Students Office.

Contact Email: dept.econ@ucy.ac.cy

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