Admission: Admission to graduate studies in economics is limited to
students of outstanding promise. All applicants must take the general test of
the Graduate Record Examination (GRE). All international students must take the
Test of English as a Foreign Language (TOEFL). Exceptions to this rule include
students who received a bachelor’s or master’s degree from an English-speaking
college-level institution. Students from English-speaking countries, such as
the United Kingdom or Ireland, are
also exempt from taking the TOEFL.
The M.A.
program is designed to accommodate both full-time and part-time students. The
Ph.D. program is designed for full-time students only. Applicants for the M.A.
program should have mastered intermediate microeconomics, intermediate
macroeconomics, at least one semester of calculus, and a course in
statistics—all with a grade of B+ or better. They must also obtain GRE
quantitative and analytical scores in the 75th percentile and above (preferably
above 720 for quantitative scores and above 5.0 for analytical scores. PLEASE NOTE: GMAT scores are no longer accepted in lieu of the GRE.
International students should aim for TOEFL scores above 260 for the
computer-based version, above 620 for the paper-based version, and above 105
for the Internet-based version. Successful applicants may also be required to
take a diagnostic language evaluation test at the American Language Institute
at NYU and additional English language courses tailored to the needs of
graduate students. Applicants should have a grade point average of at least
3.25 in their undergraduate work. For students applying to the Ph.D. program,
the M.A. requirements should be supplemented by at least one additional
semester of calculus and one course in linear algebra. In evaluating applicants
for either of the above programs, members of the departmental admissions
committee consider the following criteria: previous academic performance,
quantitative GRE scores, letters of recommendation, personal statement, and
economics as well as mathematics backgrounds. Because of the diverse nature of
such information, the admissions committee does not adhere to strictly defined
cutoff points on grade point averages or GRE scores.
All
incoming full-time Ph.D. students are guaranteed financial aid, renewable for
four years, conditioned on satisfactory academic performance. Financial support
includes certain obligations to provide teaching assistance and may be
conditioned on the presence or absence of outside funding. There is no funding
for M.A. students.
It is
important to note that students who want to enter the Ph.D. program should not
start off with the M.A. program. The Ph.D. and M.A. programs are separate and
distinct; entry into the M.A. program does not guarantee entry into the Ph.D.
program.
DUAL DEGREE PROGRAMS
The Department of Economics offers dual degree M.A.-J.D. and Ph.D.-J.D. programs with the School of Law. Interested students should contact the director of graduate studies.
DEPARTMENTAL FELLOWSHIPS, PRIZES, AND AWARDS
A comprehensive list of University, Graduate School, and departmental fellowships, prizes, and awards appears in the Financing Graduate Education section of the GSAS Application for Admission and Financial Aid. This
information is also available on the GSAS Web site at
http://gsas.nyu.edu/page/grad.financialaid.
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