Upon successful completion of the oral examination and selection of a dissertation committee, the student is advanced to candidacy. Following advancement to candidacy, students pursue research necessary for the completion of their dissertation. Students are encouraged to select dissertation topics that can be completed in one to two years. Except in highly unusual cases, a dissertation does not exceed 300 pages of double-spaced typescript, and dissertations of 100 pages or less are entirely acceptable if they are significant contributions to the body of economic knowledge.

Upon completion of the dissertation and its acceptance by the dissertation committee, the student is awarded the Ph.D. degree.