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Program Overview

The UMKC Department of Economics offers a Ph.D. degree that emphasizes a heterodox-pluralistic approach to economics. This program aims to provide students with the research, training, and tools necessary to contribute to the expansion of economic theory and to apply that theory to the development of dynamic public policy.

Program Details

• Program Type: Doctorate
• Academic Unit: School of Humanities and Social Sciences
• Degree Type: Doctor of Philosophy
• Standard credit hours: 42
• Delivery Mode: In-person
• Typical Program Length: 5 years
• Typical Course Load: 3 per semester
• Estimated Program Cost: $22,596
  • All rates or costs are for illustrative purposes only. Estimated cost is calculated by multiplying the appropriate 2025/2026 UMKC academic year resident rate by standard credit hours. Fees are NOT included in the calculation. Your hours and total costs may differ, depending on transfer hours, course choices, academic progress, program- and university-specific fees, and your qualified tuition rate.

Why UMKC

• Well-rounded perspective: Incorporating both orthodox and heterodox approaches enriches your understanding of economics, fosters critical thinking, and allows you to contribute to a more nuanced discourse in the field.
• Advanced economics training: Gain in-depth knowledge of economic systems, policy impacts, and the role of institutions and governance by studying macroeconomics, monetary economics, institutional economics, and political economy.
• Abundant funding opportunities: Explore opportunities for department graduate teaching/research assistantships, the Gene Wagner Honorary Scholarship in Labor Economics, Joe E. Brown Institutional Economics Award, Frederic S. Lee Heterodox Economics Scholarship, and URPE dissertation fellowship.

After Graduation

Professionals with advanced degrees in economics are highly sought after and handsomely paid for their work. The demand for economists is expected to grow about as fast as the average for all occupations, according to the U.S. Bureau of Labor Statistics.

• Potential careers:
  • Economist
  • Economics teachers, postsecondary
  • Public policy consultant
• Where our students work:
  • Levy Economics Institute of Bard College
  • SUNY Cortland
  • Bucknell University
  • Wright State University
  • U.S. Bureau of Labor Statistics
  • Mid-America Regional Council
  • Burns & McDonnell
  • Federal Reserve Bank of Kansas City
  • U.S. Census Bureau
  • Saudi Arabian Monetary Authority
• Median salary/year: $116,956

Potential Courses

• Colloquium In Advanced Macroeconomics: The course will deal with analyses of topics in macroeconomic analysis and macroeconomic policies and investigation of current literature in diverse areas of macroeconomic analysis.
• Colloquium In Advanced Microeconomics: As a continuation of Economics 502, this course deals with the business enterprises-including production, costs, pricing, and investment-markets, market demand, market governance, general price-quantity theory.
• Colloquium on Political Economy: This course is designed as a seminar and considers theory and policy analysis from alternative perspectives. Course content explores the philosophical foundations of contemporary theory and policy.
• Colloquium in Econometrics: This course covers advanced topics in econometrics, such as non-linear estimation techniques, model development, simultaneous equation estimation techniques, and simulation.

Related Programs and Pathways

• Economics — B.A./M.A. (Major, Master's)
• Economics (Master's)

How to Apply

1. Gather your materials:
   • Official transcripts from all previously attended institutions
   • Statement of purpose that explains your academic and professional goals along with an intended research topic that is compatible with the department's faculty expertise
   • Three letters of recommendation from individuals who are academically or professionally qualified to assess your ability to pursue doctoral work
   • CV/resume
   • Writing sample
2. Complete the online application: $45 for domestic graduate students or $75 for international graduate students
3. Check admissions requirements: This program has specific admission requirements.

Application Dates

• Fall Semester priority deadline: Apply by Dec. 15, Deadline to be considered for funding and assistantships
• Fall Semester final deadline: Apply by Feb. 1, Classes begin in August
• To Start Classes in Spring: Apply by Oct. 1, Classes begin in January

Estimated Tuition Per Semester

• Resident Rate: $4,842 (per semester)
• Midwest Student Exchange Program: $7,263 (per semester)
• Nonresident Rate: $12,155 (per semester)
  • All rates or costs are for illustrative purposes only. Estimated cost is calculated by multiplying the appropriate 2025/2026 UMKC academic year resident rate by standard credit hours. Fees are NOT included in the calculation. Your hours and total costs may differ, depending on transfer hours, course choices, academic progress, program- and university-specific fees, and your qualified tuition rate. This rate calculation is based on a course load of 9 credit hours per semester.