The program is distinguished from the Harvard PhD in Economics by its greater emphasis on business fields and its focus on the use of economic analysis and statistical methods in dealing effectively with management problems. At the same time, it is distinguished from the Doctor of Business Administration degree by its greater emphasis on economic theory and econometric analysis.
Possible fields of specialization include:
Students take an active role in selecting and defining the combination of subjects that will make up their own individual fields of specialization.
Students in Business Economics take courses in microeconomic theory, macroeconomic theory, probability and statistics, econometrics, business history, the Business Education for Scholars and Teachers (BEST) Series, and other doctoral level courses.
A written general exam in microeconomic theory is required a the end of the first year.
After passing the Field Exam, students are expected to enroll in a working seminar or participate in an informal lunchtime seminar group. Students in their third year or beyond must present in the working seminar (or informal lunchtime seminar) at least once per year. Normal completion time for the degree is five years.
Each university in the Unites States of America sets its own admission standards so there isn't the same criteria for all the students and the university can decide which applicants meet those standards. The fee for each application is between $35 to $100.
After the selections of the universities you want to attend, the best of all would be to contact each university for an application form and more admission information for the international students. Moreover, for a graduate or postgraduate program it's necessary to verify the admission requirements. Some programs require that you send your application directly to their department.
Admissions decisions are based on students's academic record and different test scores, such as TOEFL, the SAT or ACT (for undergraduate programs) and GRE or GMAT (for graduate programs). Admission decision is based on your academic results and motivation.
All incoming students, regardless of need and background, are awarded a fellowship which includes tuition, single-person health fees, and a living stipend ($39,600 for 2014-2015).Although there is no formal commitment, it is expected that a similar level of financial aid will be awarded for up to five years. All financial aid awards are contingent upon a student's satisfactory academic progress.