On this page you will find useful information regarding the Doctoral Programme in Economics. More information is available in the Postgraduate Prospectus.

 General Information


The goal of the Ph.D. Programme in Economics is to provide training to individuals to become high quality researchers in line with international standards. Our aim is for our graduates to be able to successfully compete for employment at Universities, research institutions, public policy organizations, and the private sector. The creation of a dynamic research community at the University of Cyprus will raise the level of economic research in Cyprus and will infuse public debate on economic policy with scientific methods and rigorous analysis.

To apply to the programme click on the following link: 

Online application form

 Admission Requirements

The minimum requirements for admission to the Ph.D. programme are:

  1. Research-oriented Master Degree in Economics. There are such programmes in many universities abroad. At the University of Cyprus the relevant programme is the Master in Economic Analysis. To be admitted into the Ph.D. programme students must have very good academic background in Microeconomics, Macroeconomics and Econometrics as well as a promising research potential.
  2. Very good command of the English language. This can be certified by international standardized tests such as GCE, TOEFL or other and are determined by the Department (see here).
Evaluation of applications is done by the Departments Postgraduate Studies Committee (DPSC), based on applicants performance in their undergraduate and postgraduate studies as well as the compatibility of their research interests with those of the Department's faculty. Applicants may be called for an interview if this is necessary. The DPSC submits their recommendation to the Departmental Council, which has the final say on offering position in the programme.

The Graduate Committee will prepare individual curriculums for each student accepted. This will ensure that all students have the necessary skills and knowledge to proceed to the research stage of their degree.

 Programme Structure
The Ph.D. programme is a four-year programme (eight semesters, 240 ECTS).  The teaching part of the Ph.D. program is 90 ECTS and the research part 150 ECTS.

 Α. Coursework - Comprehensive Examinations

During the first year students need to take required courses in Microeconomics, Macroeconomics and Econometrics. Students can take the exam only if they have a grade of at least 6.5/10 in the 6 core courses (Microeconomics, Macroeconomics and Econometrics) without failing any class.  Students cannot repeat classes in order to improve their grades.  However, the Graduate Committee can, in exceptional circumstances, allow students who have failed one class to repeat it. 

During the second year of studies students take four field courses which give them the opportunity to acquire expertise in their area of interest. At this stage students are expected to discuss their research interests with faculty members, a process that will lead to a mutual agreement between the student and a faculty member who will become the student's main advisor.

The Comprehensive Exam is administered by a Committee of three Academics and will be based on the research interests of each student.  The Committee is also responsible for the timing of the exam which has to take place no later than the end of the second year of studies.  The Committee is appointed by the Department Board after a suggestion from the Graduate Committee and the student’s Research Advisor.

If the student fails the exam he/she will have to repeat it the following semester (and no later than the end of the third year of studies) as specified by the University of Cyprus rules.

Β. Specialization - Submission of Research Proposal

By the end of the 6th Semester students are required to have prepared and successfully defended their research proposal. The committee examining the thesis proposal consists of three members proposed by the student's advisor and appointed by the Department Board after a suggestion from the Graduate Committee and the student’s Research Advisor. The Committee is chaired by the student's advisor. One of the members of the Committee could be an academic from another department of the University of Cyprus or an academic from another university or research center.

The student is expected to demonstrate the ability to study a new subject in an original way and his/her knowledge of the appropriate research methods. She/he is also expected to present some supportive preliminary results.

Γ.. Research - Submission of Dissertation and Thesis Defense

The student will conduct his research under the guidance of his advisor. In their Thesis Defense candidates give a brief oral summary and answer questions on the content and results of the Ph.D. Thesis. Candidates are expected to defend the thesis, demonstrate its originality and justify deviations from previous results in the literature.

For more information on Regulations and Admissions please consult the University's Graduate School (tel.: 22894021/44).

Credit for Previous Coursework

Credit may be given for up to one year’s graduate level coursework (60 ECTS) taken at other universities. Students cannot be exempted from the comprehensive examinations. Completion of the Ph.D. requires that students study at least three years at the University of Cyprus. Students must also take at least 30 ECTS from the elective courses. Students cannot be exempted from the comprehensive exam.

Required Courses
CODE Course Name ECTS
ECO 601 Microeconomic Analysis I 7.5
ECO 602 Macroeconomic Analysis I 7.5
ECO 603 Statistics and Econometrics I 7.5
ECO 604 Analytical Methods in Economics 7.5
ECO 651 Microeconomic Analysis IΙ (ECO 601) 7.5
ECO 652 Macroeconomic Analysis IΙ (ECO 602) 7.5
ECO 653 Statistics and Econometrics IΙ (ECO 603) 7.5
ECO 688 Current Topics in Economic Research I 7.5
ECO 788 Current Topics in Economic Research II 7.5
Note: The courses in brackets are prerequisites
Elective Courses
CODE Course Name ECTS
ECO 605 International Trade 7.5
ECO 606 International Finance 7.5
ECO 610 Money, Banking and Financial Economics              7.5
ECO 611 Labour Economics            7.5
ECO 612 Industrial Organisation and Policy 7.5
ECO 613 Public Economics 7.5
ECO 644 The Economics of Firm Financing 7.5
ECO 664 Analysis of Economic and Financial Data 7.5
ECO 673 Applied Micro Econometrics 7.5
ECO 680 Applied Financial Econometrics  7.5
  1. Any course considered by the Department Board to have low attendance can be taught as a Reading Course or as an Independent Study (ECO 693 and ECO 696). Students cannot select more than two Reading Courses.
  2. Students may replace up to two elective courses with undergraduate courses offered by other University Departments, upon approval from the Department Board.

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 Guidance and Support

The Director of Graduate Studies will be responsible for guiding doctoral students from the time of admission up to the selection of a research supervisor. The research supervisor follows each students progress in research and other tasks, and provides the necessary guidance. 

Research Stage

Students who pass their comprehensive examinations have the following additional responsibilities in each semester of their research and writing stages:

  1. They must attend the Departmental seminar series (at least 80%).
  2. They must present their research in this Departmental seminar series. (Students signed up for 15 ECTS research stage are exempt from this requirement).

The Director of Graduate Studies will be responsible for overseeing doctoral students’ completion of these requirements.

Financial Support for Doctoral Students

The department makes every effort to ensure that doctoral students have enough income to allow them to live independently. This is accomplished mainly through their employment as teaching assistants. The Department also awards some grants and scholarships, while students can also secure employment as research assistants.


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