The Ph.D. program concentrates on economic theory and its applications in economic and financial analyses. The program focuses on the modeling and analyses of economic processes and the behavior of economic agents, using modern microeconomics, macroeconomics, econometrics, econometrics, and finance. The doctoral program aims to prepare highly qualified and trained experts for academia, international organizations, the financial sector as well as other industries.
The Ph.D. program provides excellent research training in both economic theory and applied economics. The essence of the program is economic research of your interest. Research papers accepted for publication during your Ph.D. studies are the core requirement. The program further includes numerous opportunities for research seminars, teaching, and research assistantships. Moreover, students have possibilities for a variety of research visits to the best universities in the world. The program usually takes four years to complete. Students are expected to work closely with their academic supervisors as well as other researchers.
Why study Economics and Finance at Charles University?
To study at the best school in Economics in the Czech Republic. (We have ranked 1st for four consecutive years since 2012.)
To enjoy a genuinely international atmosphere. (The average classes have about 50% of international students.)
To study in a program with CFA Institute University Affiliation Program, which applies to both Bachelor in Economics and Finance (BEF) and Master in Economics and Finance (MEF).
To win a competitive local or international job.
To receive an automatic work permit. (Our graduates are automatically eligible to seek jobs in any of the EU countries.)
To have access to career advisors, internships, and mentoring.
Upon excellent study results, to receive a scholarship (up to a full tuition waiver).
To easily proceed with an even more advanced degree at a recognized university abroad.
The Ph.D. in Economics and Finance
covers the modeling and analysis in economics and finance
facilitates advanced training in microeconomics, macroeconomics, econometrics, and finance
the program trains experts for academia, industry, financial sector, and international organizations
the program gives plenty of mobility options, especially to partner institutions within the GEMCLIME network
duties primarily consist of research activities, where research papers form the dissertation
students are expected to serve as teaching assistants
students are also expected to actively devote themselves to research through grant proposals and participation at conferences and seminars
a selected number of Ph.D. candidates can participate in the organization of the doctoral program as members of the Center for Doctoral Studies (CDS) and thus become junior researchers with additional financial support
research articles, as well as dissertations written by Ph.D. students regularly, receive prestigious local as well as international awards (Global Development Network Award, Olga Radzyner Award, Ministry of Education Award, Česká Hlava, Award of the Czech Economic Society and others, see the Graduates section)
Ph.D. candidates from our program regularly publish in highly ranked journals (European Economic Review, Journal of Economic Dynamics and Control, Journal of Financial Stability, Journal of International Economics, Journal of International Money and Finance, Review of World Economics, World Bank Economic Review); recently, we even had Ph.D. candidates who published in the American Economic Review
There is no entrance exam as a part of the admission process. It is assumed that the applicant possesses professional knowledge at the level of a graduate of the IES master program. The admission committee leads a technical debate about the quality of an applicant. The committee evaluates documents submitted by an applicant, especially the quality and the topic of the research proposal (max. 50 points). The committee also evaluates the motivation and overall preparation of an applicant for research (max. 25 points) and his/her pro-active attitude to consult the research proposal with his/her prospective supervisor including the prospective supervisor's agreement to become the applicant's supervisor in case of successful admission (max. 25 points). An applicant can receive max. 100 points. The admission committee can ask for additional documents if necessary.
The point limit for accepting applicants is set by the Dean of the Faculty of Social Sciences of Charles University, taking into account the number of applicants and the capacity of the faculty.