Regular fees: 4000 EUR
The University of Cyprus (UCY) based in Nicosia, the capital of Cyprus, is a modern, diverse, and evolving student-centered institution established only three decades ago. Striving for excellence in education, research and innovation has rendered it one of the leading institutions in Europe, evidenced by its continuously elevated rankings (placed 601-700 in Shanghai List 2020). Aspiring to function as a beacon of scientific thought, diversity, inclusiveness, equity and creativity, UCY envisions its future as a leading institution in the greater Euro- Mediterranean area.
About the programme
The Ph.D. in Economics at the University of Cyprus 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.
The Department of Economics 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 ranking the University of Cyprus consistently within the top 100 institutions in Europe, and around the world’s top 200.
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.
The typical duration of studies for students who are required to follow the whole coursework stage is five years.
The program begins with the coursework stage. The students take core courses in Microeconomics, Macroeconomics and Econometrics, and elective courses that help them deepen their knowledge in specific research areas. Students with sufficiently high performance in the core courses obtain the right to take the comprehensive exam. Students who 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.
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 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.
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.
Past graduates of the programme are now employed in renowned Universities abroad, such as the University of Essex, University of Glasgow and Nottingham Business School in China, as well as in several academic institutions in Cyprus.
Graduates who did not pursue a career in academia have found employment in the private sector, mainly in financial institutions, as well as in competitive positions in governmental organizations, including the Ministry of Finance and the Parliament of Cyprus.