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Postgraduate Research Degrees in Economics

 

Who can do a Master's Degree and what does it involve?
Who can do a PhD and what does it involve?
What sort of financial support can the Department provide?
How to apply to do a Masters or PhD
What sort of topic areas are suitable for Master's or PhD research?

Who can do a Master's Degree and what does it involve?

If you have a good ordinary Bachelor's degree in Economics you can study for the MCom or MA by papers and thesis. In the first year you take papers worth 48 points for a Postgraduate Diploma, normally including ECON371, ECON375 and ECON376. The reason for requiring these papers is so that anyone undertaking research for a Master's degree has a solid foundation in the core areas of the subject. This is followed by supervised individual research for the thesis in an approved topic area. The course-work component takes one academic year while the thesis component is likely to take at least twelve months. If, for whatever reason, you decide to withdraw from the MCom or MA programme after completing the course-work component the Pro Vice-Chancellor (of Commerce or Humanities, as appropriate) can recommend the award of a Postgraduate Diploma.

If you have a good Honours degree or a Postgraduate Diploma in Economics (with, normally at least a B+ average) you can take an MCom or MA Degree by thesis only. This involves supervised individual research in an approved topic area. If you have not included ECON371, ECON375 and ECON376 (or their equivalent) in your earlier Degree or Diploma you will be required to take the balance of the three papers as part of your Master's programme. Normally, research at the Master's level is likely to take at least twelve months.

More information on the requirements for a Master's Degree can be found on the University's web page.

Who can do a PhD and what does it involve?

The PhD is a programme of supervised individual research in an approved topic area, preferably in one of the broad areas listed below. The PhD is by thesis only, although you may be advised to take some papers to strengthen your background in relevant areas. The likely completion time for a PhD is about three to four years (note that the scholarships discussed below are only tenable for three years). The PhD is an essential qualification for an academic career, but is also very useful for any professional research-oriented economist.

To be accepted for a PhD you either need to have a Master's degree or a good four-year Honour's Degree (normally a 2.1 or higher).

More information on the requirements for a PhD can be found on the University's web page.

What sort of financial support can the Department provide?

The Department as such does not normally provide full scholarships for Master's or PhD students. The University awards some scholarships each year, but these are highly competitive and are only awarded to students with excellent grades. For information on scholarships awarded by the University of Otago, see the Scholarships web page. The University has one scholarship (the McAndrew-Stout Postgraduate Scholarship in Economics) which is available only for students doing postgraduate study in economics.

Students from some countries can apply for Overseas Development Assistance (ODA) scholarships. More information on NZAID scholarships can be found on the Ministry of Foreign Affairs and Trade (MFAT) web site. The New Zealand Vice Chancellors Committe (NZVCC) and FRST also award some scholarships to outstanding candidates. Information on these can be found on the NZVCC and FRST web sites.

For information on fees for international students see the web page on Fees For International Students. Domestic students wanting information on fees should see the Tuition Fees Guide.

The Department currently has the policy of providing a $3,000(NZ) per year top up to any students who obtain University or ODA scholarships, or funding from other sources.

From time to time individual staff within the Department obtain research grant funds that include funding for PhD students. Such funding, when available, will be advertised on our web pages. Please note that no such funding is currently available.

How to apply to do a Master's or PhD

You need to make a formal application to the University. If you are an international student, the application procedure is outlined on the International Office's web site (look under Postgraduate Information, Application Process). Your application will then be forwarded to the Department of Economics for consideration.

In your application to do a Master's or PhD you need to include a topic proposal. We encourage you to discuss your proposal with us before making a formal application to the University. This will enable us to comment on whether it is a topic we can supervise.

In making a decision about whether to accept you as a postgraduate student, the department will not only take into account your academic record and potential for research, but whether your topic is one for which we can find appropriate supervisors. For more information on suitable topic areas see below.

If you are interested in applying to do a PhD or Master's by Thesis in Economics please contact Dr Stephen Knowles, email sknowles@business.otago.ac.nz, who will make sure the relevant information is sent to you by the University.

What sort of topic areas are suitable for Master's or PhD research?

The key factor is the availability of appropriate supervision. For information on the current research interests of staff in the Department, see the Faculty Profiles. For information on current research programmes within the Department click here.

The Department has particular strengths in the following areas:

  • Applied analysis of economic growth and development
  • International economics
  • Economics of health and education
  • Applied macro and monetary economics

The first two areas have been designated by the University of Otago as "Areas of Research Excellence" within the University.

Groups of our staff members are actively involved in these broad areas. As a result of the expertise and ongoing momentum generated, we are particularly geared up to supervise postgraduate research in these areas. Please note, however, that due to staff being on sabbatical, or already having heavy supervision loads, we may not always be able to supervise topics in these areas.

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