A bit more than one year of the three-year PhD program is allocated to course work and research training. 70 ECTS-credits are reserved for following courses. They are spread over three years of studies as depicted in the table below.
Two years of the three-year PhD program are allocated to your own research. 110 ECTS-credits are reserved for research on the dissertation.
| Field courses | Skill courses | Research seminars | Total ECTS | |
| Year 1 | 25 (=5x5) | 5 | 10 | 40 |
| Year 2 | 5 (=1x5) | 10 | 15 | |
| Year 3 | 5 (=1x5) | 10 | 15 | |
| Total ECTS | 35 | 5 | 30 | 70 |
The educational part of the program consists of three elements:
Additionally, students are expected to attend either the Research Seminar in Economic Theory and/or the Econometric Research Seminar. Both seminars have been successfully co-organized by the University of Vienna and the Institute for Advanced Studies for many years. They give students and faculty a good overview of the current trends in economic research.
