economics phd duke

Peter Arcidiacono

William Henry Glasson Professor of Economics Duke University E-Mail: psarcidi at econ.duke.edu Telephone: (919) 660-1816 Fax: (919) 684-8974 Office: 228F Social Sciences Building Office Hours: By appointment 

CV Catholic Links Duke University Website Duke University Economics Website  

Working Papers

·        “College Attrition and the Dynamics of Information Revelation” with Esteban Aucejo, Arnaud Maurel, and Tyler Ransom (updated November 5, 2023) revise and resubmit Journal of Political Economy 

·         “Identification and Estimation of Continuous-Time Job Search Models with Preference Shocks” with Attila Gyetvai, Arnaud Maurel, and Ekaterina Jardim (updated April 3, 2023) revise and resubmit Review of Economic Studies

·         “Experimentally Validating Welfare Evaluation of School Vouchers: Part I ” with Karthik Muralidharan, Eun-young Shim, and John Singleton (updated July 21, 2021)  

Published and Forthcoming Papers

·         “Equilibrium Grading Policies with Implications for Female Interest in STEM Courses” with Tom Ahn, Amy Hopson, and James Thomas (updated November 21, 2023) forthcoming Econometrica (formerly titled “Equilibrium Grade Inflation with Implications for Female Interest in STEM Majors)

·         “What the Students for Fair Admissions Cases Reveal About Racial Preferences” with Josh Kinsler and Tyler Ransom, Journal of Political Economy Microeconomics 1(4) (November 2023), 615-668

·         “Recruit to Reject? Harvard and African American Applicants” with Josh Kinsler and Tyler Ransom, Economics of Education Review, (June 2022) 102255

·        “Asian American Discrimination in Harvard Admissions” with Josh Kinsler and Tyler Ransom, European Economic Review, 144 (May 2022) 104079 Online Appendices  

·        “Divergent: The Time Path of Legacy and Athlete Admissions at Harvard” with Josh Kinsler and Tyler Ransom, forthcoming, Journal of Human Resources  

·        “Legacy and Athlete Preferences at Harvard” with Josh Kinsler and Tyler Ransom, Journal of Labor Economics, 40(1) (January 2022), 133-155

·        “Ex Ante Returns and Occupational Choice” with V. Joseph Hotz, Arnaud Maurel, and Teresa Romano, Journal of Political Economy , 128(12) (December 2020), 4475-4522

·        “Affirmative Action, Transparency, and the SFFA v. Harvard Case” with Josh Kinsler, and Tyler Ransom, University of Chicago Law Review Online (October 2020)  

·       “The Competitive Effects of Entry: Evidence from Supercenter Expansion” with Paul Ellickson, Carl Mela, and John Singleton, AEJ: Applied Economics, 12(3) (July 2020), 175-206

·        “ Identifying Dynamic Discrete Choice Models off Short Panels” with Robert Miller, Journal of Econometrics, 215(2) (March 2020), 473-485

·        “Nonstationary Dynamic Models with Finite Dependence” with Robert Miller (originally part of Identifying Dynamic Discrete Choice Models off Short Panels), Quantitative Economics , 10(3) (July 2019), 853-890

·        “Productivity Spillovers in Team Production: Evidence from Professional Basketball” with Josh Kinsler and Joseph Price, Journal of Labor Economics , 35(1) (January 2017), 191-225 

·        “Estimation of Dynamic Discrete Choice Models in Continuous Time with an Application to Retail Competition” with Pat Bayer, Jason Blevins, and Paul Ellickson, Review of Economic Studies , 83(3) (July 2016), 889-931 

·        “The Analysis of Field Choice in College and Graduate School: Determinants and Wage Effects” with Joe Altonji and Arnaud Maurel, Handbook of the Economics of Education Volume 5, Chapter 7 (May 2016) 

·        “Terms of Endearment: An Equilibrium Model of Sex and Matching” with Andrew Beauchamp and Marjorie McElroy, Quantitative Economics , 7(1) (March 2016), 117-156 

·        “Affirmative Action and the Quality-Fit Tradeoff” with Mike Lovenheim, Journal of Economic Literature , 54(1) (March 2016), 3-51 

·        “University Differences in the Graduation of Minorities in STEM Fields: Evidence from California” with Esteban Aucejo, and V. Joseph Hotz, American Economic Review , Vol. 106, No. 3 (March 2016), 525-562 

·        “Affirmative Action in Undergraduate Education” with Mike Lovenheim and Maria Zhu, Annual Review of Economics , Vol. 7 (August 2015), 487-518 

·        “Exploring the Racial Divide in Education and the Labor Market through Evidence from Interracial Families” with Andrew Beauchamp, Marie Hull, and Seth Sanders, Journal of Human Capital , 9:2 (Summer 2015), 198-238. 

·        “A Conversation of the Nature, Effects, and Future of Affirmative Action in Higher Education Admissions” with Thomas Espenshade, Stacy Hawkins, and Richard Sander, University of Pennsylvania Journal of Constitutional Law , 17:3 (February 2015), 683-728. 

·        “Affirmative Action and University Fit: Evidence from Proposition 209” with Esteban Aucejo, Patrick Coate, and V. Joseph Hotz, IZA Journal of Labor Economics , 3:7 (September 2014) 

·        “Race and College Success: Evidence from Missouri” with Cory Koedel, AEJ: Applied Economics , Vol. 6, No. 3 (July 2014), 20-57. 

·        “Approximating High Dimensional Dynamic Models: Sieve Value Function Iteration” with Pat Bayer, Federico Bugni, and Jon James, Advances in Econometrics , Vol. 31 (December 2013), 45-96. 

·        “Racial Segregation Patterns in Selective Universities” with Esteban Aucejo, Andrew Hussey, and Ken Spenner, Journal of Law and Economics , Vol. 56 (November 2013), 1039-1060. 

·        “Pharmaceutical Followers”with Paul Ellickson, Peter Landry, and David Ridley, International Journal of Industrial Organization , Vol 31, No. 5 (September 2013), 538-553 

·        “Estimating Spillovers using Panel Data, with an Application to the Classroom” with Gigi Foster, Natalie Goodpaster, and Josh Kinsler Proofs for general class size and accumulation , Quantitative Economics , Vol. 3, No. 3 (November 2012), 421-470. 

·        “What Happens After Enrollment? An Analysis of the Time Path of Racial Differences in GPA and Major Choice” with Esteban Aucejo and Ken Spenner, IZA Journal of Labor Economics ,1:5 (October, 2012) 

·        “Habit Persistence and Teen Sex: Could Increased Access to Contraception have Unintended Consequences for Teen Pregnancies?” with Ahmed Khwaja and Lijing Ouyang, Journal of Business and Economic Statistics , Vol. 30, No. 2 (April 2012), 312-325 

·        “Modeling College Major Choice using Elicited Measures of Expectations and Counterfactuals” with V. Joseph Hotz and Songman Kang, Journal of Econometrics , Vol. 166, No. 1 (January 2012), 3-16 

·        “Does Affirmative Action Lead to Mismatch? A New Test and Evidence” with Esteban Aucejo, Hanming Fang, and Ken Spenner, Quantitative Economics , Vol. 2, No. 3 (November 2011), 303-333 

·        “Conditional Choice Probability Estimation of Dynamic Discrete Choice Models with Unobserved Heterogeneity” with Robert Miller, Econometrica , Vol. 7, No. 6 (November 2011), 1823-1868 (formerly titled “CCP Estimation of Dynamic Discrete Choice Models with Unobserved Heterogeneity”) 

·        “Practical Methods for Estimation of Dynamic Discrete Choice Models” with Paul Ellickson, Annual Review of Economics Vol. 3, (September, 2011), 363-394 

·        “Representation versus Assimilation: How do Preferences in College Admissions Affect Social Interactions?” with Shakeeb Khan and Jacob Vigdor, Journal of Public Economics , Vol. 95, Nos. 1-2 (February 2011), 1-15 

·        “The Distributional Impacts of Minimum Wage Increases when Both Labor Supply and Labor Demand are Endogenous” with Tom Ahn and Walter Wessels, Journal of Business and Economic Statistics , Vol. 29, No. 1 (January, 2011), 12-23 Proofs  

·        “Beyond Signaling and Human Capital: Education and the Revelation of Ability” with Pat Bayer and Aurel Hizmo, AEJ: Applied Economics , Vol. 2, No. 4 (October 2010), 76-104 

·        “Does the River Spill Over? Estimating the Economic Returns to Attending a Racially Diverse College” with Jacob Vigdor, Economic Inquiry , Vol 47, No. 3 (July, 2010), 537-557 

·        “Explaining Cross-Racial Differences in Teenage Labor Force Participation: Results from a Two-Sided Matching Model” with Tom Ahn, Alvin Murphy and Omari Swinton, Journal of Econometrics , Vol. 156, No. 1 (May, 2010), 201-211 

·        “The Effects of Gender Interactions in the Lab and in the Field” with Kate Antonovics and Randy Walsh, Review of Economics and Statistics , Vol. 91, No. 1 (February, 2009), 152-162 

·        “The Economic Returns to An MBA” with Jane Cooley and Andrew Hussey, International Economic Review , Vol. 49, No. 3 (August 2008), 873-899 

·        “Living Rationally Under the Volcano? An Empirical Analysis of Heavy Drinking and Smoking” with Holger Sieg and Frank Sloan, International Economic Review , Vol. 48, No. 1 (February, 2007) , 37-65 

·        “Games and Discrimination: Lessons from the Weakest Link” with Kate Antonovics and Randy Walsh, Journal of Human Resources , Vol. 40, No. 4 (Fall, 2005), 918-947 

·        “Affirmative Action in Higher Education: How do Admission and Financial Aid Rules Affect Future Earnings?” Econometrica , Vol. 73, No. 5 (September, 2005), 1477-1524 

·        “Do People Value Racial Diversity? Evidence From Nielsen Ratings” with Eric Aldrich and Jacob Vigdor, Topics in Economic Analysis and Policy , Vol. 5, No. 1 (2005), Article 4 

·        “Peer Effects in Medical School” with Sean Nicholson, Journal of Public Economics , Vol. 89, Nos. 2-3 (February, 2005), 327-350 

·        “Ability Sorting and the Returns to College Major” Journal of Econometrics , Vol. 121, Nos. 1-2 (August, 2004), 343-375 

·        “Paying to Queue: A Theory of Locational Differences in Nonunion Wages” with Tom Ahn, Journal of Urban Economics , Vol. 55, No. 3 (May 2004), 564-579 

·        “The Dynamic Implications of Search Discrimination” Journal of Public Economics , Vol. 87, Nos.7-8 (August, 2003), 1681-1707 

·        “Finite Mixture Distributions, Sequential Likelihood, and the EM Algorithm” with John B. Jones, Econometrica , Vol. 71, No.3 (May, 2003), 933-946 Simulation Appendix  

M.S. in Quantitative Financial Economics

General info.

• Faculty working with students: N/A
• Students: N/A
• Students receiving Financial Aid: N/A
• Part time study available: No
• Application terms: Fall
• Application deadlines: No applications are being accepted for the 2023-2024 application cycle.

Tamara Burns MQFE Program Coordinator Department of Economics Duke University / Box 90097 Durham, NC 27708

Email: [email protected]

Website:  https://econ.duke.edu/masters-programs/degree-programs/mqfe

Program Description

This program is managed and overseen by the Duke Financial Economics Center (DFE) in the Department of Economics to train and develop quantitative financial economics skills linked to finance and related areas to prepare graduates for Ph.D. studies or related professions.

Most graduate classes are sufficiently small so that each student gets individual faculty attention. Very active workshops are available for students to work with their major professors on development of research projects. Opportunities for research are possible through the connections with scholars both in Economics, and at the Fuqua School of Business. Graduates will be awarded an M.S. degree in Quantitative Financial Economics.

Because students study sophisticated analytical tools beyond the level covered in undergraduate and business school environments, our students have a distinct advantage when proceeding to Ph.D. programs and other careers featuring quantitative financial analysis.

Application Information

Application Terms Available:  Fall

Application Deadlines:  No applications are being accepted for the 2023-2024 application cycle.

Graduate School Application Requirements See the Application Instructions page for important details about each Graduate School requirement.

• Transcripts: Unofficial transcripts required with application submission; official transcripts required upon admission
• Letters of Recommendation: 3 Required
• Statement of Purpose: Required
• Résumé: Required
• GRE Scores: GRE General Required
• English Language Exam: TOEFL, IELTS, or Duolingo English Test required* for applicants whose first language is not English *test waiver may apply for some applicants
• GPA: Undergraduate GPA calculated on 4.0 scale required

Writing Sample A writing sample is recommended, but not required.

We strongly encourage you to review additional department-specific application guidance from the program to which you are applying: Departmental Application Guidance

List of Graduate School Programs and Degrees

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• Political Economy

This field examines the reciprocal relationships between politics and markets, both within and among countries, using a variety of analytical tools, including those of economics. Its concerns include interactions among economic and political development; cooperation and conflict among nations, groups, and individuals; the distribution of material resources and political power; the effects of political actors and institutions on economic outcomes; the causes and consequences of technological and structural change, growth, and globalization; and regulation.

First Field

Course requirements.

• POLSCI 745 Core in Political Economy
• ECON 601 Microeconomics
• POLSCI 747S Seminar on Political Economy: Macro Level OR an approved macroeconomics course
• 2 field course in political science

Preliminary examination

All students must complete a preliminary examination at the end of their second year which consists of a second year paper and an oral defense. The second year paper must be submitted to the student’s preliminary exam committee and the DGS by May 1 st and the oral examination must be completed by May 15 th . Students should speak with the field chair and their primary advisor(s) well in advance of these deadlines to ensure a shared understanding of what is expected.

Second Field

• ECON 601 Microeconomics OR POLSCI 747S Seminar on Political Economy: Macro Level OR an approved macroeconomics course
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University Program in Environmental Policy (UPEP)

Identifying policy solutions to environmental challenges requires a command of social sciences, alongside topical knowledge and understanding of relevant policy processes. Duke's University Program in Environmental Policy (UPEP) PhD is a 5-year program for intense research training, combining disciplinary specialization − in economics or political science − with an emphasis on understanding policy settings and the precise nature of the problem we hope to solve with policy. That requires integrating multiple perspectives to frame useful applications of disciplinary rigor.

Our students and faculty conduct world-class research, in domestic and international contexts, on a wide array of topics in environmental economics, policy, and politics. Graduate placements have included academic positions in disciplinary departments, interdisciplinary units, and professional schools and professional positions in domestic and international public agencies, environmental organizations, research institutes, and consulting firms.

The UPEP PhD program is jointly administered by the Nicholas School of the Environment and the Sanford School of Public Policy. It draws on the extensive resources of both schools, as well as numerous departments and research institutes across Duke University. UPEP students work in close proximity to PhD students in other disciplines, within each School as well as across Duke. We have close affiliations with the  Nicholas Institute for Environmental Policy Solutions , the Duke University Energy Initiative , and the  Duke Global Health Institute .

UPEP builds on a long history of Duke University engagement with environmental policy issues. The predecessors of the Nicholas School—the School of Forestry, the Marine Lab, and the Department of Geology—were founded in the 1930s. The Sanford School of Public Policy traces its history to the formation of Duke’s Institute of Policy Sciences and Public Affairs in 1971. Both schools have offered environment-focused PhD training for many years. In 2010, UPEP was created to bring together groups engaged in social science research and training for environmental policy.

Applying to UPEP

UPEP applicants should apply directly to the  Duke Graduate School . All doctoral students must enter the program in the fall.

We welcome applicants from diverse academic, cultural, socioeconomic, and professional backgrounds. Approximately 3-5 students are projected to enter the program each fall, for a total of 20-25 students enrolled at any given time.

Admissions Requirements

Admission to the program is extremely competitive, with less than 10 percent of applicants typically offered admission. Applicants should have a record of high academic achievement and the potential to become leading researchers on environmental policy issues. Although the program’s admissions committee evaluates applicants from a comprehensive standpoint, successful applicants will likely have:

• High GPA scores.
• Personalized letters of recommendation that attest to the applicant’s scholarly ability.
• Research interests that overlap those of one or more UPEP faculty members.
• Applicants should clearly specify the preferred concentration in the personal statement. Adequate preparation for PhD-level training in either economics or political science is an important consideration in admissions. 

Matching with Faculty

UPEP conducts program-level admissions review to evaluate applicants’ backgrounds and interests and find matches with potential advisors. Applicants may contact faculty members individually, but it is not necessary to secure an advising commitment in advance in order to be accepted into the program.

To identify faculty members with research interests similar to yours, consult the active UPEP advisor list in the UPEP Handbook and explore the  Nicholas School Faculty Database  and the  Sanford School Faculty Directory .

Other Areas of Study

Candidates should have a strong interest in either the economic or political aspects of environmental studies . If you are primarily interested in other areas, consider the following doctoral programs instead:

• If you are interested primarily in natural science aspects of the environment, consider applying to the Nicholas School’s  PhD program in Environment ,  PhD program in Earth and Ocean Sciences , or  PhD program in Ecology . 
• If you are interested in studying marine resource issues from social science perspectives other than economics or political science, consider applying to the Nicholas School’s  PhD program in Marine Science and Conservation .
• If you are interested in an applied social science degree without a specific focus on the environment, consider applying to the Sanford School’s PhD program in Public Policy Studies .

Faculty Who Advise UPEP Students

Nicholas faculty.

• Elizabeth Albright
• Lori Bennear
• Brian Murray
• Marty Smith
• Jeff Vincent 
• Erika Weinthal

Sanford Faculty

• Sarah Bermeo
• Sara Sutherland
• Marc Jeuland
• Robyn Meeks
• Subhrendu Pattanayak
• Alexander Pfaff

PhD Students in UPEP

Current students.

Savannah Carr-Wilson

Maya Chandrasekaran

Xingchen Chen

Alex Diaz Herrera

Ryan McCord

Dylan Munson

Gabriela Nagle Alverio

Chrissie Pantoja Vallejos

Matthew Reale-Hatem

Paula Sarmiento

Zhenxuan Wang

Ben Weintraut

Updated 10/2023

UPEP fosters interaction among students, Duke faculty, faculty at neighboring universities (in particular North Carolina State University and the University of North Carolina at Chapel Hill), and visiting researchers by co-sponsoring two seminar series that meet regularly during the academic year: 

• Environmental Institutions Seminar Series (held at Duke). 
• Triangle Resource and Environmental Economics Seminar Series  (held at Research Triangle Institute). 

UPEP runs its own internal biweekly seminar in which mostly students present to the other students and faculty.

Students also participate in numerous other seminars sponsored by the Nicholas School, the Sanford School, the Departments of Economics and Political Science, and other schools, departments, institutes, and centers at Duke and area universities.

Institutes & Centers

Students in the program interact with researchers at several institutes and centers at Duke, including: 

• Nicholas Institute for Environmental Policy Solutions
• Duke Global Health Institute
• Social Science Research Institute
• Duke Center for International Development 
• Duke University Energy Initiative

FAQ: Frequently Asked Questions

Below you will find our responses to the most common questions asked by prospective applicants.  

General Questions

What is the difference between UPEP and other PhD programs in the Nicholas and Sanford schools at Duke?

UPEP is intended for individuals who are interested in conducting PhD studies in environmental policy with an emphasis on economics or political science, under the supervision of Duke University faculty members who have primary appointments in the Nicholas or Sanford schools. 

Other PhD programs at Duke are probably more appropriate for you if you are interested in natural science aspects of the environment, purely disciplinary programs in economics or political science, fields of public policy other than environmental policy, or studying marine resource issues from perspectives other than economics or political science. 

If you are still not sure which program to apply to, please contact the faculty members whose research interests you and ask them which programs admit students that they can supervise.

What kinds of careers does UPEP prepare students for?

A variety of organizations hire individuals with PhDs in environmental policy, including universities, research institutes, government agencies, private-sector consulting firms, and NGOs.  

Is UPEP an interdisciplinary program?

UPEP is interdisciplinary in the sense of requiring students to learn about two important dimensions of environmental policy—economics and politics—and encouraging them to develop a basic understanding of natural science aspects of the issues that interest them.  It emphasizes, however, the development of disciplinary expertise in either economics or political science as applied to environmental policy issues.

What kind of financial aid will I receive if I am admitted?

Details will be provided in your offer letter.

Can you send me a brochure on UPEP?

All information on UPEP is web-based.  Please contact the UPEP Director of Graduate Studies Assistant (DGSA,  [email protected] ) if you are unable to find the information you are seeking on this website.

Does Duke have a Master’s program in Environmental Policy?

Duke has a Master of Environmental Management (MEM) program, which is administered by the Nicholas School and includes an Environmental Economics and Policy concentration , and a Master of Public Policy (MPP) program, which is administered by the Sanford School.

Does Duke have a joint JD/PhD program in environmental policy?

You can earn both a JD and an Environmental Policy PhD from Duke in the following way.  Begin by applying to the three-year JD/MA program, with the MA in either Environmental Science and Policy (through the Nicholas School) or Public Policy Studies (through the Sanford School).  Please contact the Duke Law School for more information on the JD/MA program.  In the final year of the JD/MA program, apply to UPEP like any other applicant.  Depending on the courses taken during the JD/MA program, the number of additional years required to complete the UPEP PhD might be reduced from 5 years to 4 years, but probably not by more. 

Program Requirements

How long does the program take to complete?

Typically 5 years.  You can see illustrative timelines for the environmental economics and environmental politics concentrations in the UPEP Student Handbook .

Are economics and political science the only concentrations under UPEP?

Currently, yes.  

Do I need to decide on my concentration (economics or concentration) when I apply?

Yes.  You should state your intended concentration in your application.  Applicants who are unsure about their concentration will not be admitted.

What are the requirements of each concentration?

Please see the UPEP Student Handbook for program and curriculum details.

Do I need to identify a prospective advisor before I apply?

No, but your chances of admission will increase if your application indicates that you have identified one or more faculty members in the Nicholas or Sanford schools whose research interests are similar to yours.  You are welcome to communicate with faculty members before you apply, but please note that they cannot tell you whether you will be admitted.  Admission decisions are made by the Duke Graduate School, as advised by the UPEP admissions committee, not by individual faculty members.

How do I identify faculty members who might be interested in advising me if I am admitted?

Please see the “UPEP Faculty” listed above.

Will I be assigned an advisor if I am admitted?

Yes.  You will be assigned an advisor when you are admitted.  Your advisor will likely be a faculty member that you have mentioned in your application.  Another faculty member will be assigned, however, if none of the faculty members that you mention is available or if another faculty member is deemed to be a more suitable advisor for you.  Assigning an advisor at this early point in the program ensures that you will have a faculty member who will take responsibility for advising you on course selection, discussing your research interests, assisting you in obtaining grants and fellowships, and in other ways helping you complete the program successfully.

Can I change my advisor?

Yes.  Students interested in changing advisors should contact the UPEP Director of Graduate Studies.

Can I work with only my advisor as a teaching assistant (TA), a research assistant (RA), or on my dissertation research?

No.  TA assignments are made independently of advisor assignments, although you will likely serve as a TA for your advisor at least once.  RAships depend on funding availability.  You can serve as an RA for either your advisor or another faculty member.  UPEP students form dissertation committees consistent with Duke Graduate School rules, and members of the committee other than your advisor often play a large role in supervising aspects of the research.

Admissions Process

How do I apply to UPEP?

You apply through the Duke Graduate School. 

When is my application due?

The application deadline is posted on the Duke Graduate School website .  Late applications are generally not considered.

Can I enter the program during the spring semester instead of the fall semester?

No.  All students must enter during the fall semester.

Do I need to visit Duke before I apply?

No.  If you are interested in visiting, please contact the faculty members whose research most interests you and arrange a time to visit when they are available.  You will be responsible for making and paying for your own travel arrangements.  If you are admitted to UPEP, then you and other admitted students will be invited to visit Duke in mid-March, with the costs of that visit being covered by Duke up to a budgeted amount.

How are admission decisions made?

UPEP has an admissions committee, which meets in early January to review all of the complete applications submitted to Duke Graduate School.  Incomplete applications are not reviewed.  Based on the admission committee’s findings, the UPEP Director of Graduate Studies (DGS) provides recommendations to the Duke Graduate School as to which students should be admitted.  The Graduate School makes the official admission decisions.

When will I find out if I have been admitted?

Typically by the middle of February.

When must I decide whether to accept Duke’s offer of admission?

This information will be in your offer letter.  The date is typically in mid-April.

If I am admitted to the program, can I defer admission?

Ordinarily no, but deferrals may sometimes be granted for medical reasons.

Will I automatically be considered for other PhD programs at Duke or for a Master’s program if I am not admitted to UPEP?

No. Your application to UPEP is only for UPEP.

If I am not admitted to UPEP, should I enter another program and then apply for a transfer to UPEP?

You are welcome to do this, but there is no guarantee that it will increase your chances of admission.  You will be required to reapply through the normal process, and your application will be reviewed with along with those from first-time applicants.

I applied to the program last year but was not admitted. I would like to reapply. Can Duke transfer my scores, transcripts, and other materials to this year’s application?

No. You must submit a new application.

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G-ECON-AM - Economics - Master's

Degree designation.

The MA in Economics is designed to give students a quantitative approach to economics with the flexibility to tailor the degree to fit their future goals. This program offers comprehensive instruction in a wide range of areas within the discipline, including computational economics, economic analysis, and financial economics.

Students preparing to enter these programs will find an undergraduate background in mathematics, engineering, computer science, statistics, or economics to be very helpful.

For additional information, please visit econ.duke.edu/masters-programs/degree-programs/ma-econ .

Zhenxuan Wang

Ph.d. candidate.

Duke University

I am a Ph.D. Candidate in Environmental Policy (Economics Track) at Duke University. I am also a James B. Duke Fellow and a student fellow affiliated with the Nicholas Institute for Energy, Environment & Sustainability and the James E. Rogers Energy Access Project .

I am interested in environmental and energy economics, climate policy, development economics, and public economics. My research topics encompass energy transition, climate change mitigation and adaptation, innovation and development, and environmental regulation. I aim to tackle pressing policy issues tied to environmental and energy challenges in the US and emerging economies, by integrating microeconomic theory, innovative data, and advanced econometric tools. My recent work focuses on:

• Energy transition, electrification, and policy designs for the net-zero emissions target
• Climate change mitigation, adaptation, and resilience
• Welfare impacts of technology upgrades and infrastructure investments in the electricity sector
• Information, risk perception, and household behavior

Prior to Duke, I was a research associate at the Environmental Research Center of Duke Kunshan University . I received my B.A. in Economics and B.Sc. in Mathematics from Wuhan University .

The pronunciation of my name is similar to /dʒɛn ʃwɑn wɒŋ/. In Chinese, it is 王振轩.

• Environmental & Energy Economics
• Development Economics
• Public Economics
• Climate Policy
• Energy Transition

Ph.D. in Environmental Policy, 2024

M.A. in Economics, 2024

B.A. in Economics, 2017

Wuhan University

B.Sc. in Mathematics, 2017

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Ph.d. program.

Statistical Science at Duke is the world's leading graduate research and educational environment for Bayesian statistics, emphasizing the major themes of 21st century statistical science: foundational concepts of statistics, theory and methods of complex stochastic modeling, interdisciplinary applications of statistics, computational statistics, big data analytics, and machine learning. Life as a Ph.D. student in Statistical Science at Duke involves immersion in a broad range of research experiences and emphasizes conceptual innovation, as well as building a deep and broad foundation in theory and methods.

Coupled with our core emphases in modeling, computation and the methodologies of modern statistical science is a broad range of interdisciplinary relationships with many other disciplines (biomedical sciences, environmental sciences, genomics, computer science, engineering, finance, neuroscience, social sciences, and others). The rich opportunities for students in interdisciplinary statistical research at Duke are complemented by opportunities for engagement in research in summer projects with nonprofit agencies, industry, and academia.

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With a graduate degree in economics, students may find jobs as analysts and economists in the government, multinational corporations, higher education and business organizations. These are the top graduate schools for economics programs. Each school's score reflects its average rating on a scale from 1 (marginal) to 5 (outstanding), based on a survey of academics at peer institutions. Read the methodology »

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Till Düppe Examines the Personal to Construct the "Lived Experiences" of Economists

April 10, 2024.

Paul Dudenhefer

Here’s one way to begin a paper: In 1954, the French-born economist Gerard Debreu, along with Kenneth Arrow, published an article that proved that general equilibrium exists. This and other works, as one economist said, “profoundly changed the way economics is practiced.” Indeed, in 1983, Debreu was awarded the Nobel Prize “for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium.”

Here’s another way to begin: When he was a small boy, the French-born economist Gerard Debreu was present in the house when his little sister burned to death in her cradle. When he was eight years old, his father committed suicide. A year later, his mother died.

Did the personal tragedies of one affect the professional triumphs of the other? Till Düppe believes so. One of his first papers began exactly this way. Till, who is visiting the HOPE Center this spring, is a historian of economics who has increasingly sought to capture and understand the “lived experience” of the people he writes about. His interests have led him to go beyond the formal publications and professional activities that form the basis of traditional histories of economics—and that perhaps too often constitute the way we think about famous scholars and scientists.  

“Yes, Debreu wrote elegant proofs in economic theory. But he also lost both parents at a young age. And with Paris occupied, during the war he was forced to pursue an improvised postsecondary education. Those things matter too when we ask what these proofs meant to him personally,” Till says.

Not surprisingly, a good part of such personal meaning involves an economist’s family relationships. “A spouse, siblings, children—family members and their impressions and recollections bring me closer to the economists I study,” says Till, a professor of economics at the Université du Québec à Montréal. Above all, Till is interested in what an economist’s work—the questions asked, the means by which they might be answered—meant to him or her. “How did someone like Debreu end up doing the work he did? How did his intellectual values take shape in his particular historical situation?”

Till began his research career slightly differently, “more interested in evaluating the discipline as a whole —notably unfavorably.” Take his first book, The Making of the Economy: A Phenomenology of Economic Science , published in 2011. There, he criticized the profession’s “intellectual reticence.”

“I reacted to the way economists steered clear of conflict and controversy and how they avoided saying anything committal about the important issues of the day.”

Then, around 2010, Till connected with E. Roy Weintraub, who, like Till, was working on Debreu and mathematical economics generally. They soon agreed to collaborate. The result was Finding Equilibrium: Arrow, Debreu, McKenzie and the Problem of Scientific Credit , which won the Joseph Spengler Book Award given by the History of Economics Society.

“From Roy I learned the ease of letting go of this belief that I had to criticize economics. What I learned instead is that my job was to understand it historically and how people end up doing what they do.”

Till’s interest in the lived experience has recently led him to take seriously the psychological makeup of economists. He has just drafted a paper on the post-Keynesian economist Sidney Weintraub—the father of E. Roy Weintraub—that attempts to understand Sidney’s career and professional behavior as manifestations of his troubled personality structure.

In 2023, Till published a book titled The Closed World of East German Economists: Hopes and Defeats of a Generation , a book that, true to Till’s own historiographical values, seeks to understand how East German economists saw themselves and the work that they did.

Till, who was born and raised in southwestern Germany, completed his PhD in the philosophy of economics at Erasmus University Rotterdam. His advisor was Arjo Klamer, who did his PhD at Duke under E. Roy Weintraub and Craufurd Goodwin.

“So, I’m an intellectual grandchild of the HOPE Center,” Till says proudly.

Till will continue his sabbatical in Europe later this spring before returning to Montreal.

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4 duke cs students receive 2024 nsf graduate research fellowships, april 10, 2024.

Four Duke CS students received NSF Graduate Research Fellowships :

• Jonathan Donnelly , who worked with Cynthia Rudin and will pursue a PhD in Machine Learning at Duke.
• Jabari Kwesi worked with Pardis Emami-Naeini and will pursue a PhD in Human Computer Interaction at Duke.
• Megan Richards is a recent Duke ECE-CS grad who plans to pursue a PhD in ML. She worked with Mark Sendak at DIHI and Ricardo Henao of Duke ECE.
• Ruoyu (Roy) Xie worked with Bhuwan Dhingra and will pursue a PhD in Natural Language Processing at Duke.

Congratulations to all!

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Sanford’s Graduate Programs Ranked in Top 10% of U.S.

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Duke University’s Sanford School of Public Policy is among the nation’s top graduate schools in public policy analysis, according to U.S. News and World Report’s latest list of “ Best Graduate Schools .”

Sanford ranks in the top 10 percent of all public affairs schools/programs in the United States, according to the ranking.

Sanford ranks #6 in its core specialty, public policy analysis. The school has the top-ranked Master of Public Policy (MPP) program in the southern United States for public policy analysis, which is considered the key indicator of quality MPP programs among schools of public policy.

Student Experience: Public Policy Analysis

Jordan Wilson  is a second-year master of public policy student. Prior to pursuing a graduate degree at Sanford, Jordan worked in the mayor of San Francisco's office.

Sanford also has top 10 rankings in Environmental Policy and Management and Health Policy and Management, which are available as MPP concentrations. Sanford ranks #3 in Environmental Policy and Management and #5 in Health Policy and Management. In addition, the school ranks #12 in Social Policy.

Student Experience: 3 Stories

Health Policy: Reylan Cook, Food & Farming

Environment Policy: Ian Hitchcock, COP28

Social Policy: Ana Phakin, Early Childhood

In all, Sanford offers seven MPP concentrations. Concentrations not included in the U.S. News ranking include education policy, international development, national security/foreign policy and technology policy.

Sanford offers the Master of Public Policy (MPP) degree, the Master of International Development Policy (MIDP) degree, an executive Master of National Security Policy degree, and a number of dual degrees. In January 2024, the school announced its new executive hybrid Master of Public Affairs program. Working with the Nicholas School for the Environment, Sanford also jointly offers the international Master of Environmental Policy (iMEP) degree.

Every Sanford program has a global perspective, faculty with high research productivity, and a strong alumni network around the world. Students in the MPP program have seven available concentrations or can choose a generalist public policy analysis program that maximizes Duke’s interdisciplinary, experiential education.

Sanford Dean Judith Kelley said Sanford’s professional and graduate programs are important to provide critical skills and training to address global challenges.

“Duke is a leader in public policy scholarship and education, a tradition that has continued for more than 50 years of Duke’s 100 years. Our purpose is clear—to make a difference every single day. Guided by our mission to enhance lives and communities, our programs shape students into leaders committed to civic engagement and public service. Our master’s programs are prime examples of policy action and analysis,” Kelley said.

Ken Rogerson, director of graduate studies of the MPP program, said Sanford’s rankings demonstrate the quality of our faculty and students.  

“Sanford is an excellent choice for those wanting to advance policy and thus make a difference in their communities and in the wider world on issues that matter. Sanford offers a world-class education, flexibility and a supportive, diverse community – just a few of the many highlights. We always welcome interest from those looking to join our close community and learn about our graduate programs,” said Ken Rogerson.

The U.S. News rankings reflect the opinions of deans, directors and department chairs at 272 schools of public affairs and administration nationwide. The survey was distributed in fall 2023 and early 2024. The survey response rate was 65%. For specialty areas such as public policy analysis, the academics were asked to nominate up to 15 programs for excellence. The lists of schools, individuals surveyed, and names of specialty areas evaluated were provided by the Network of Schools of Public Policy, Affairs, and Administration (NASPAA), and by the Association for Public Policy Analysis and Management (APPAM).

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View the  U.S. News & World Report rankings  or learn more about the top-ranked Sanford programs. Learn more and apply to the Duke Sanford  MPP program ,  MIDP program ,  MNSP program , MPA program , or  iMEP  program to be part of a future class.

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U.S. News & World Report: Deese College No. 1 HBCU Graduate Business School

By Todd Simmons / 04/10/2024 College of Business and Economics , The Graduate College

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EAST GREENSBORO, N.C. (April 10, 2024) – The Willie A. Deese College of Business and Economics at North Carolina Agricultural and Technical State University is the No. 1 business school among America’s historically Black colleges and universities (HBCUs), according to U.S. News & World Report’s “Best Graduate Colleges” rankings, released Tuesday.

The Deese College has now appeared in the Top 100 for four consecutive years, coming in at a tie for No. 79 with the University of Detroit Mercy, a private, Roman Catholic campus. Clark Atlanta University (No. 93, tie) is the only other ranked HBCU. Howard, with which N.C. A&T was tied last year, is unranked this year.

Among North Carolina schools, A&T only trails Duke University, the University of North Carolina at Chapel Hill and North Carolina State University. The college is named for A&T alumnus Willie A. Deese, who served prominently as president of global manufacturing for the pharmaceutical giant, Merck. Now retired, Deese continues to play a prominent role at his alma mater.

“We’re delighted that our Deese College continues to factor so prominently nationally among graduate business schools,” said Lisa Owens-Jackson, Ph.D., interim dean of the Deese College. “Our ranking this year is an honest reflection of the quality of our MBA programs, the excellence of our students and our graduates’ career placement success.”

A&T’s fast-growing master’s and doctoral programs in computer science moved into a tie for No. 163 nationally, up eight positions from last year. A&T ranks No. 7 nationally in graduation of African American master’s graduates in computer science and No. 1 among HBCUs.

Other nationally ranked A&T graduate programs remain in the same positions as last year, owing to multiple factors at U.S. News & World Report . The magazine encountered data issues with its Best Engineering Programs list and has postponed new rankings until that is resolved.

Ranked programs in rehabilitation counseling, biological sciences, earth sciences and mathematics maintained their 2023 positions, as U.S. News has not published new rankings data for those disciplines. Master’s and doctoral rehabilitation counseling programs in the College of Education continue to be A&T’s most highly ranked graduate programs, coming in at No. 46 (tie) nationally.

With nearly 1,700 master’s and doctoral students, A&T continues to grow at the graduate student level. As America’s most affordable doctoral research university, it offers outstanding academic quality at an exceptional price and strong connections to industry. According to U.S. News’ most recent salary rankings, graduates earn the second-highest starting salaries of any campus in the University of North Carolina System.

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DPHS Research Highlights Long-Term Care Insurance's Impact on Caregivers and the Economy in Presidential Report

According to research highlighted in the recent  2024 Economic Report of the President , long-term care insurance (LTCI) and other policies can indirectly affect the livelihoods and mobility of adult-children caregivers, resulting in impacts to the U.S. labor market.

These insights are found in Box 3-6 Long-Term Care of Chapter 3: Population, Aging, and the Economy, which examines how trends in fertility and mortality are shaping the U.S. population and labor force. The highlight combines the expertise of researchers to emphasize the increasing demand for long-term care due to an aging U.S. population, the need for better access to affordable care, the role of Medicaid, and the impact of caregiving on labor market participation. The highlight also advocates for continued federal investment in caregiving.

That impact was the subject of  Family spillovers and long-term care insurance , published in July 2023 in the Journal of Health Economics by Van Houtven, Norma B. Coe of the University of Pennsylvania, and Gopi Shah Goda at Stanford University. Their research is one of the first to examine insurance design and policy levers affecting unpaid caregivers. It found that LTCI does not significantly reduce the use of informal care among insured individuals over approximately eight years. However, it does influence family dynamics, leading to a decrease in parents' expectations of their children's willingness to provide future care and a lower likelihood of adult children co-residing with their parents, coupled with a stronger attachment to the labor market.

LTCI is an additional form of insurance coverage individuals may opt to purchase to help cover the costs of nursing home, home health, or other personal care often encountered by older adults or those with chronic or disabling conditions. For LTCI to take effect, policyholders must maintain the insurance over decades. This additional, long-term expense is financially prohibitive for many Americans. Lack of coverage often leads adult children, particularly women, to make the difficult choice of reducing their working hours, or leaving the labor market, potentially risking their own long-term economic security.

"Women are the default caregivers and tend to be the most intensive caregivers," said Van Houtven. "This is really a gender equity issue, considering our long-term care system relies on unpaid and informal caregivers. Similarly, people with marginalized identities are also bearing the brunt of this due to lack of generational wealth. Addressing universal long-term care insurance at the federal level would be more equitable."

Van Houtven continues to research how other policies, like the Affordable Care Act Medicaid expansion and Earned Income Tax Credit Program, impact unpaid caregivers. Future work will analyze these spillover effects.

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TMC Seminar (Online): “God v. Mammon: Neuroscience, Economics, and the Biopolitics of Morality” with M. Therese Lysaught, PhD

M. Therese Lysaught, PhD , is Professor of Moral Theology and Healthcare at the Neiswanger Institute for Bioethics and Health Care Leadership at the Stritch School of Medicine, Loyola University Chicago. Her scholarly work brings into conversation the fields of theology, medicine, bioethics, and global health. Her books include Biopolitics after Neuroscience: Morality and the Economy of Virtue (Bloomsbury Academic, 2022, co-authored with Jeffrey P. Bishop and Andrew Michel); Catholic Bioethics and Social Justice: The Praxis of US Healthcare in a Globalized World (Liturgical Press, 2019, co-edited with Michael McCarthy); Caritas in Communion: The Theological Foundations of Catholic Health Care (Catholic Health Association, 2014); On Moral Medicine: Theological Perspectives on Medical Ethics, 3 rd edition (Eerdmans, 2012, co-edited with Joseph Kotva); and Gathered for the Journey: Moral Theology in Catholic Perspective (Eerdmans, 2007, co-edited with David Matzko McCarthy). Both Catholic Bioethics and Social Justice and Gathered for the Journey have received awards from the Catholic Press Association, with Biopolitics after Neuroscience receiving a 2021 Expanded Reason Award . In addition to writing over 120 articles/essays and presenting over 130 conference papers and invited lectures, she has served as a visiting scholar with the Catholic Health Association; on the Board of Directors of the Society of Christian Ethics; on the Recombinant DNA Advisory Committee (RAC) at the US National Institutes of Health; and as a member of the U.S. Catholic-Episcopal Theological Consultation under the aegis of the USCCB. She is a founding member and editor of the Journal of Moral Theology and a corresponding member of the Vatican’s Pontifical Academy for Life.

For more on her work, see:  https://mthereselysaught.com/ ..

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