Doctor of Philosophy in Economics
I feel grateful to be a member of UGSM – Monarch Business School Switzerland. The institution provides high quality private education in a great range of academic fields. The quality of the studies and services offered are guaranteed not only by the expertise of professors but also by the excellent administrative services. The fact that the UGSM – Monarch Business School Switzerland is being developed with intense pace, prestigious accomplishments and decisive steps in order to meet the modern educational needs, indicate the will and the determination shared by the administration to make the institution one of the leading academic centres worldwide. At Monarch, the learning experience is really rewarding and offers the guarantees for a successful academic or professional career.”
Dionysios Solomos – D.Phil. in Economics
Program Identifier: DPHILEC
Program Start: Immediate-Rolling Admission
Students consider the Doctor of Philosophy in Economics should also consider the Doctor of Economics program.
The Doctor of Philosophy in Economics degree, D.Phil. in Economics, is the highest level of academic qualification within the domain of economics. The purpose of the D.Phil. is to provide the student with a solid grasp of all aspects of economic research at the doctoral level. Students pursuing this degree are interested in examining an economic problem from a theoretical perspective and are capable of carrying out independent research at a high level. Students entering this program have the intention of becoming professors within academic institutions or using their research skills within consulting companies.
The award of the D. Phil. degree is based on a thesis of between 80,000 to 120,000 words in length. It should constitute a significant and substantial piece of research. The duration of the program is between three to four years of study. The maximum time allowed for completion of the degree is six years.
Program Start Dates
Student may start the program immediately upon acceptance.
Study Mode – Residential & International Mode
- International / Remote-Study
- External / Independent Study
Candidate progress is assessed through the submission of written assignments and term papers. There are no examinations.
Dual Degree Program (M.Phil. / D.Phil.)
Students pursuing the D. Phil. in Economics program will also obtain the M.Phil. in Economics degree upon completing the first three chapters of the dissertation. Students not progressing beyond that point to complete the D.Phil. degree will retain the M.Phil. degree.
All Doctoral programs are 36 months in duration. Enrolled candidates complete the program either in residence or remotely as an international student. All students complete the program using the state of the art Moodle Learning Platform under the supervision of the faculty and their dissertation supervisor. International students fall under the Symposium rule whereby the are expected to complete their residency requirement within scheduled symposiums. Symposiums are offered in Zug, Switzerland and Dubai, UAE. Additional symposium may be required by the administration depending on the performance of the candidate. All candidates are required to be on-campus for the final dissertation defense (viva voce).
The D.Phil is comprised of a research methodology course section taken immediately upon entry to the program. Once completed the student prefects his/her dissertation proposal for submission and acceptance within the first 6 to 12 months. Once accepted the student enters the dissertation phase of the program and works with his/her supervisor to complete the dissertation work. When the final draft of the dissertation has been approved by the student’s supervisor the student then submits the dissertation for evaluation. After the dissertation has been approved the student then presents the work in the form of a viva voce or committee defense required for the D.Phil. degree. The evaluation of this degree is 100% based on the quality of the final dissertation presented to the committee. Students have a limit of 60 months within which they must defend their dissertation in front of the committee.
The award of the D. Phil. degree is based on the submission and defense of a thesis/dissertation. Theses are typically between 100,000 and 140,000 words or 250 to 350 pages excluding exhibits, bibliography and appendices and must be in publishable form. The research methodology used within the thesis will be determined by the student as an outcome of the research methodology course.
ECTS & Hours of Study
The D. Phil in Economics program accounts for 180 credits under the ECTS scheme, European Credit Transfer and Accumulation System. The ECTS are split between the Research Methodology course component and the Dissertation preparation stages. Each ECTS represents 25 hours of study. Therefore, the program accounts for 4,500 hours of study. Though the allocated allotment of study hours may vary per student, the program design is based on the following:
Candidacy Phase: (10 Months)
- Quantitative Research Methodology Module (15 ECTS; 375 hours)
- Qualitative Research Methodology Module (15 ECTS; 375 hours)
- Research Proposal Perfecting Module (20 ECTS: 500 hours)
Research Phase: (26 Months)
- Phase 1: Literature Research and Design (45 ECTS; 1125 hours)
- Phase 2: Research & Data Collection (45 ECTS; 1125 hours)
- Phase 3: Final Preparation of Thesis (40 ECTS; 1000 hours)
- Candidate Defends Dissertation in Committee (1 Day Event, Max 2 Hours, Obligatory)
The learning objectives of the program are specifically identified within the Research Methodology Research Proposal Perfecting Modules and pertain to the entire thesis preparation and defense.
Program Available To
- Graduates from accredited M.Phil. Economics, Master of Economics programs or similar Master degree with an average grade of B- or above.
- Master students holding business degrees (MBA, MCom, M.Sc. Admin,) must complete a 12 month Doctor of Economics Bridging Program.
- Honors Bachelor of Economics students with first class honors may be granted admission on the prerogative of the Dean on a case-by-case basis.
DBA, DEco, Ph.D. or D.Phil. Candidates from other Universities may be eligible to complete their dissertation work at Monarch given that they meet the eligibility requirements. Eligibility is determined on an individual basis and candidates should contact the administration to inquire. There is a minimum 24 month stay in the program for doctoral transfer students.
You may find download the tuition fee schemes here.
Tuition Payment Method
Tuition Fees are to be paid by international wire transfer.
Scholarship For Students Originating From Developing Countries
In order to help make available the opportunity to complete higher degrees for students originating from developing countries, as defined by the OECD, the Office of the Dean of the Faculty provides partial scholarships equivalent to 20% of the total standard program tuition. Eligible students must indicate their intention to request such tuition relief upon application to the program. The Dean Scholarship is available under the Distance Learning Option only. Please note that as a private university UGSM-Monarch Business School is not in a position to provide full scholarships as it does not receive support from government agencies.