Application Deadline
The application deadline is July 1 for fall admission. Students seeking financial aid should complete their applications by January 15, but late applications are considered if funds are available.
Admissions Requirements

1. Application Fee

A $75 application fee is due when you submit your online application. Waivers are available for qualified students.

2. Bachelor’s Degree

A four-year U.S. bachelor’s degree (or equivalent) in any academic field from an accredited college or university with a GPA of 3.0 on a 4.0 scale is required.

3. Transcripts

Unofficial transcripts of all undergraduate and graduate coursework is required with your application. Do not mail official transcripts during the applicant stage. An English translation must accompany transcripts issued in a language other than English.

4. Resume

A resume or curriculum vitae documents your prior work experience, publications, honors and awards received and a summary of your educational credentials.

5. Prerequisites

Coursework in microeconomics and macroeconomics at the intermediate level or above and in statistics and mathematics (multivariate calculus) is expected. Additional coursework in finite math or linear algebra is helpful.

Ph.D. Coursework Requirements

Ph.D. applicants with no prior graduate work in economics will also earn a M.S. degree in economics and applied econometrics once they meet the requirements for that degree. Students with prior graduate work in economics might be able to transfer some of their credits toward both the M.S. and Ph.D. degrees.

Students with a master’s degree in economics or related discipline might be able reduce the total number of credits for the Ph.D. degree by receiving equivalency credit for some of these courses as determined by the department’s graduate committee. While an MBA degree is not considered to be equivalent to a master’s degree in economics, some coursework taken as a part of the degree might qualify for equivalency credit. Each student’s requirements for satisfying the master’s equivalency will be established by the graduate committee.

6. GRE Scores

A minimum Quantitative GRE score of 156 is required.

7. Personal Statement

The personal statement should detail your goals and objectives and clearly identify your interest in the Lerner College degree program.

8. Three Letters of Recommendation

Three letters of recommendation (preferably from faculty members), which comment explicitly on your ability to do graduate-level work, including graduate-level research and writing. Recommendation forms are emailed directly from the online application to the three recommenders whose names and email addresses you provide. Instructions for returning the completed forms is included in the emails.

9. International Students: Language Test Requirement

International applicants must submit one of the following:

  • proof of having earned a degree in either the United States or a country where the primary language is English;
  • TOEFL score of 100 or higher; or
  • IELTS score of 7.0 or higher

The Graduate & Professional Education office provides more detailed TOEFL information.

Tuition and Fees
All tuition rates and fees are for 2020-2021 (pending final approval).


Delaware residents* $850/credit
Non-residents $950/credit

* Visit the registrar’s website for residency requirements.


All graduate students are responsible for mandatory fees in the Fall and Spring semesters. These fees vary based on whether a student is taking the program on a full-time or part-time basis. Please visit the Graduate Fees and Financial Aid page in the Graduate Catalog for full details.

Financial Aid
We fund a limited number of new students. Funding is highly competitive. Funding decisions for the fall semester are made in either February or March once we have reviewed all of the applicants’ records.