PhD in Computational Methods for Economics at Carnegie Mellon University

    PhD in Computational Methods for Economics at Carnegie Mellon University

    PhD in Computational Methods for Economics at Carnegie Mellon University

    The Computational Methods for Economics at Carnegie Mellon University is a PhD program designed for students who want to build the knowledge and skills required for careers in this field. Delivered on campus at the university's main campus in Pittsburgh , United States of America, the program is taught in English and takes 4 years to complete. Students study in a Full Time environment while preparing for future professional opportunities. The next intake starts on August 22, 2027.

    About PhD in Computational Methods for Economics

    This is a course in the basic tools of numerical analysis that can be used both to assess the quantitative implications of economic theory and to derive theoretical results of economic models without analytical solutions. While the most examples will come from macroeconomics, the generality with which the techniques will be presented in this course will make them applicable to a wide range of fields like econometrics, financial economics, marketing, game theory, political economy, and contract theory. To enable efficient application of numerical tools, this course endeavors to explain not only when and how to use various numerical algorithms but also how and why they work; in other words, the intention of the course is to open up some black boxes and provide the students with a versatile tool set. The course will cover basic topics in numerical methods such as systems of equations, optimization problems, functional approximation and numeric integration. The course will then focus on solving dynamic problems using various approaches to differential equations and dynamic programming. Advanced topics will include perturbation methods and dynamic stochastic games. Students are expected to have basic knowledge of calculus and linear algebra, as well as Matlab or any other programming language.

    Requirements and Admission Criteria for PhD in Computational Methods for Economics at Carnegie Mellon University

    Entry Requirements

    GPA

    3.41

    Average

    3.43

    Median

    3.03-3.76

    Middle 80%

    English Requirements

    • IELTSMin 7.5
    • TOEFLMin 102

    English Program Requirements

    Candidates are required to demonstrate a level of competence in English to meet the admissions requirements of the university. You are required to take a TOEFL, IELTS, or Duolingo exam unless:

    • You attended an undergraduate institution, earning a bachelor’s degree, where the sole language of instruction was English.
    • You earned a graduate degree where the sole language of instruction was English. (Although not required, we do recommend that you take the English Language Proficiency exam.)

    You must request that the official score be sent from the testing agency to our program for us to verify the score entered into the application. Request that the official score be sent to us using the following codes:

    • TOEFL Program Code: Institutional Code = 2074; Departmental Code = 02
      • Pro Tip: The recommended TOEFL score is 25 on each section of the Internet-based test. The minimum TOEFL scores required to apply for admission are: Reading: 20, Listening: 20, Speaking: 20, Writing: 20
    • IELTS Program Code: Select Carnegie Mellon and the Tepper School of Business 
      • Pro Tip: The recommended IELTS score is 7 overall and 7 in each band. The minimum IELTS scores required to apply for admission are: Listening: 7, Reading: 7, Writing: 7, Speaking: 7, Overall Band: 7
    • Duolingo Program Code: Select Carnegie Mellon University – Tepper School of Business
      • Pro Tip: The recommended Duolingo English Test (DET) score is 120 overall

    Pro Tip: TOEFL and IELTS scores are valid for two years and must be valid at the time you submit your application.

    Pro Tip: If you earned a degree from a non-U.S. institution, your academic documents should state that the sole language of instruction for the entire university was English in order to be eligible for a TOEFL/IELTS/Duolingo waiver. If your academic documents don’t include this, you should upload an official letter from the University Registrar indicating English as the mode of instruction for the entirety of the degree.

    Tuition and Fee Information for PhD in Computational Methods for Economics at Carnegie Mellon University

    Application Fee 75
    PhD in Computational Methods for Economics at Carnegie Mellon University
    Carnegie Mellon University
    Carnegie Mellon University
    United States of America

    United States of America, Pittsburgh

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