The Graduate Program in Economics at the University of Pennsylvania is a Ph.D. program (only students who intend to obtain the Ph.D. are admitted). It is large, with entering class sizes of 20-25, and currently has over 100 active students.
The primary goal of the program is to produce outstanding research economists. The program is designed to ensure that students acquire a thorough knowledge of economic theory, econometric methods, and the structure of modern economies, before beginning their own research under faculty supervision. While the program covers all major areas of economics, it has particular strengths in microtheory (especially game theory), empirical microeconomics, and modern macroeconomics.
The Graduate Group in Economics requires that students complete at least 16 courses in economics or related fields, of which a maximum of 8 may be transferred from other institutions. Some of these course units may be earned by attending and participating in workshops. After 2 years in the program, students are expected to begin their dissertations. The median length of time required for completion of the required program is 5.25 years, but both shorter and longer periods are possible.