Rice University, based in Houston, Texas offers a fully funded PhD in Economics. The doctoral program in economics at Rice University trains students to conduct first-rate research. All major areas of economics are covered, with particular strengths in theoretical, applied, and empirical microeconomics as well as econometrics. All admitted students receive an offer of financial support covering five years in return for a teaching or research assistantship. Continuation of the financial support beyond the first year is contingent upon satisfactory academic progress. Funding may be available beyond the fifth year for students who show exceptional promise.