Overview
The PhD in Economics at UIII's Faculty of Economics and Business offers a distinctive opportunity to engage in cutting-edge economic research focused on today's global megatrends — from climate policy and sustainable finance to digital transformation and equitable development.
Our program develops economic theories and practical applications that address the challenges and opportunities facing the global Muslim community and beyond. Graduates are equipped to become influential economists across academia, think tanks, government institutions, and the private sector.
Students work alongside internationally trained faculty in a vibrant, intellectually stimulating environment where diverse perspectives from across the globe converge to advance economic knowledge and promote human welfare.
Why Choose This Program
Advanced Analytical Training
Master advanced microeconomic and macroeconomic theory, econometrics, and both quantitative and qualitative research methods — the full methodological toolkit for frontier research.
Internationally Trained Faculty
Learn from PhD-holding faculty with research portfolios spanning development economics, sustainable finance, environmental economics, and Islamic economics. Many hold degrees from leading global institutions.
Dissertation by Publication
Our publication-oriented dissertation model means you graduate not just with a degree, but with a peer-reviewed research record that signals readiness for the job market.
Small Cohort, Big Support
With only 10–12 students per cohort, you receive individualized mentorship from your Advisory Committee, close guidance from the Director of Graduate Studies, and meaningful peer collaboration.
Globally Diverse Community
Join a truly international academic community. Our students come from across Asia, Africa, and the Middle East, creating a rich environment for cross-cultural research collaboration and intellectual exchange.
Strategic Location
Located in the Greater Jakarta metropolitan area — a hub for international organizations, central banking, and policy institutions — UIII offers unmatched access to applied economic research opportunities in one of the world's most dynamic economies.
Course Details
Our program is designed to develop scholars who combine world-class research skills with a commitment to equitable, sustainable development. A student must complete a minimum of 50 credits to qualify as a Doctor (PhD) in Economics.
Year One — Foundations (24 Credits)
Semester 1 (12 credits):
- Wasatiyyatul Islam in a Globalizing World (3 credits)
- Quantitative Methods in Economics (3 credits)
- Microeconomics (3 credits)
- Macroeconomics (3 credits)
Semester 2 (12 credits):
- Advanced Microeconomics (3 credits)
- Advanced Macroeconomics (3 credits)
- Advanced Econometrics (3 credits)
- Qualitative Methods in Economics (3 credits)
End of Year 1: Preliminary examinations in Microeconomic Theory and Macroeconomic Theory.
Year Two — Specialization & Proposal (12 Credits)
Semester 3 (5 credits):
- One Elective Course (3 credits)
- Time-Series Econometrics
- Dissertation Proposal (2 credits)
Semester 4 (7 credits):
- Research Output Seminar (5 credits)
End of Year 2: Qualifying Examination — oral defense of dissertation proposal.
Year Three — Research & Defense (13 Credits)
Semester 5 (5 credits):
- International Publication of Articles (5 credits)
Semester 6 (8 credits):
- Doctoral Examination (8 credits)
Elective Fields of Study
- Development Economics
- Environmental & Energy Economics
- Behavioral Economics
- History of Islamic Economic Thought
- Future offerings: Labor Economics, International Trade
Key Milestones
- Preliminary Exams (end of Year 1): Written examinations in micro and macro theory.
- Qualifying Exam (end of Year 2): Oral defense of the dissertation proposal before the Advisory Committee.
- Research Output Seminar: Presentation of dissertation findings.
- International Publication: At least one article submitted to an international peer-reviewed journal.
- Doctoral Examination (Year 3): Final oral defense of the dissertation.
Entry Requirements
All documents must be in English.
- GPA of at least 3.50 on a scale of a maximum of 4.00, proven by master's academic certificate and transcript.
- A valid language proficiency certificate: TOEFL iBT 80 or IELTS 6.5 (issued within the past 24 months).
- Full curriculum vitae (in tabular form).
- Provide two academic reference contacts.
- Motivation letter.
- Brief research proposal.
- Two academic writing samples.
- Paid registration fee: IDR 750,000.