Earn the most prestigious title in your career and develop leadership skills suited to today’s global business challenges. This online DBA program empowers you to innovate and lead at the highest levels.
Doctorate
Mar 31, 2025
36 Months
This course was designed to empower experienced professionals with advanced knowledge and research skills to enable them to drive innovation. Upon completion, learners will be awarded an DBA degree from Euro Asian, Geneva.
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Doctor Degree in Business Administration
1. Microeconomic Theory
Understand utility maximization, budget constraints, and demand theory from the consumer side. Study profit maximization, cost functions, and supply theory from the producer side. Analyze market equilibrium, welfare implications, and efficiency. Apply these microeconomic foundations to development issues like poverty, inequality, and market failures in emerging economies.
Study Nash equilibrium, dominant strategies, and game types (cooperative/non-cooperative, repeated, sequential). Understand strategic interactions in markets, bargaining, and public goods. Apply to development issues like resource allocation, institutional design, corruption, and collective action. Learn experimental methods and behavioral insights to assess real-world deviations from classical game-theoretic predictions.
Study market structures (perfect competition, monopoly, oligopoly, monopolistic competition) and their efficiency. Analyze welfare economics—Pareto efficiency, social welfare functions, externalities, and public goods. Understand market failures and government intervention. Link to development theory by exploring how market imperfections affect growth, equity, poverty, and institutional development in emerging economies.
Study adverse selection, moral hazard, signaling, and screening. Understand how asymmetric information affects market efficiency, contract design, and incentive structures. Explore principal-agent problems and mechanism design. Focus on real-world applications in development economics—like credit markets, labor contracts, and health insurance—to grasp how information gaps hinder growth and policy effectiveness.
2. Macroeconomic Theory
Understand the Solow model’s focus on capital accumulation, labor, and technology in long-run growth. Study endogenous growth models (e.g., Romer, AK model) emphasizing innovation, human capital, and policy impacts. Grasp implications for income convergence, productivity, and development strategies. Analyze theoretical foundations, empirical relevance, and policy prescriptions for developing economies.
Study classical, Keynesian, monetarist, and real business cycle (RBC) theories. Understand causes of economic fluctuations, policy responses, and implications for development. Focus on structural factors, external shocks, and institutions in developing economies. Analyze cycles’ impact on growth, inequality, and poverty to inform sustainable development and macroeconomic stabilization strategies.
Understand the objectives, tools, and impacts of monetary and fiscal policy on economic growth, inflation, and employment. Explore central banking, interest rates, taxation, public spending, and policy coordination. Analyze their roles in development theory, especially in managing economic cycles, reducing inequality, and promoting sustainable development in emerging and developing economies.
Understand the dynamics between inflation and unemployment through the Phillips Curve, explore rational and adaptive expectations, and assess how expectations influence monetary and fiscal policy effectiveness. Study stagflation, NAIRU, and the role of central banks. Analyze implications for development, especially in managing inflation without sacrificing employment in emerging economies.
3. Development Economics
Study the causes and consequences of poverty and inequality, their measurement, and links to human development. Understand development theories, policy interventions, and the role of institutions, education, and health. Analyze global and regional disparities, multidimensional poverty indices, and inclusive growth strategies through both empirical data and theoretical frameworks.
Study how institutions—formal (laws, governance) and informal (norms, culture)—shape economic performance. Explore their role in reducing transaction costs, ensuring property rights, influencing incentives, and enabling development. Understand historical context, institutional persistence, and theories like North’s NIE, Acemoglu-Robinson’s extractive/inclusive institutions, and their empirical implications for economic growth and inequality.
Study agricultural productivity, land reforms, and rural livelihoods. Analyze agrarian structures, food security, and poverty alleviation. Understand rural credit, market access, and technological change. Explore policy impacts, sustainable development, and institutional frameworks. Emphasize inclusive growth, gender roles, and migration patterns in shaping rural economies and development trajectories.
Understand the dynamics of informal labor, wage disparities, employment patterns, and productivity. Study its role in economic development, gender and social implications, regulatory challenges, and policy interventions. Analyze labor market segmentation, informality’s impact on growth, and transitions to formality within development theory and institutional economics frameworks.
4. Econometrics and Quantitative Methods
Learn about stationarity, cointegration, ARIMA models, VAR models, panel data regressions (fixed/random effects), causality testing (Granger, Dumitrescu-Hurlin), heterogeneity, endogeneity, dynamic panels (GMM), and cross-sectional dependence. Master software like Stata, R, or Python for applied empirical research and policy analysis.
Learn key concepts like potential outcomes, counterfactuals, randomized controlled trials (RCTs), natural experiments, instrumental variables, and difference-in-differences. Understand identification strategies, internal vs. external validity, and threats to causal inference. Focus on applying these methods to evaluate policy impacts, development interventions, and economic behavior within real-world, often imperfect, data environments.
Learn SEM foundations: latent variables, path analysis, model fit indices (CFI, RMSEA), and estimation methods (ML, GLS). Focus on causal inference, longitudinal modeling, measurement models, and multi-group analysis. Apply SEM to evaluate development policies, structural relationships, and theoretical frameworks in economic development. Master software like AMOS, LISREL, or R.
Learn data cleaning, manipulation, and visualization in Stata, R, and Python. Focus on econometrics, regression models, causal inference, panel data, and time series. Master libraries like `pandas`, `statsmodels` (Python), `tidyverse`, `plm` (R). Emphasize reproducibility, scripting workflows, and interpreting outputs for policy, development impact, and theoretical insights.
5. International Economics
Understand comparative advantage in Ricardian theory, factor endowments in Heckscher-Ohlin, and economies of scale and imperfect competition in New Trade Theory. Analyze implications for global trade patterns, development disparities, and industrial policy. Evaluate these theories' relevance to contemporary globalization, trade liberalization, and structural transformation in developing economies.
Understand globalization's impact on economic growth, inequality, and development. Study trade policy tools—tariffs, subsidies, and trade agreements—and their role in shaping global markets. Analyze theories like comparative advantage and dependency theory. Explore institutions like WTO and IMF, and assess globalization's influence on sovereignty, labor, environment, and policy autonomy in developing economies.
Understand the mechanics of exchange rate systems, their impact on trade, inflation, and capital flows. Study balance of payments components—current, capital, and financial accounts. Analyze how imbalances affect economic development, exchange rate policy, and global financial stability. Focus on empirical models linking exchange regimes to growth and development outcomes.
Understand the roles, structures, and functions of IMF, WTO, and World Bank in global economic governance. Analyze their impact on development policy, trade liberalization, debt management, and structural adjustment. Critically assess their influence on developing economies, sovereignty, inequality, and the theoretical frameworks underpinning their interventions in global economic development.
6. Political Economy
Learn how institutional frameworks shape economic development, policy effectiveness, and governance structures. Study institutional economics, property rights, rule of law, corruption, state capacity, and accountability. Analyze how formal and informal institutions influence development outcomes across different political, economic, and cultural contexts.
Understand how rent-seeking diverts resources from productive use, fostering inefficiency and inequality. Explore its role in institutional failure and how corruption undermines governance, discourages investment, and hinders development. Analyze theoretical models explaining rent extraction and policy measures for reform. Examine empirical case studies from developing economies for applied insight.
Study Public Choice Theory's core principles: rational choice, collective decision-making, and government failure. Understand how political incentives shape policy, rent-seeking behavior, and institutional inefficiencies. Explore applications in development theory, focusing on governance, corruption, and institutional reform. Analyze models explaining voter behavior, bureaucracy, and constitutional design for effective policy outcomes.
Study the concept of developmental states, focusing on their role in driving industrialization, state-led economic planning, institutional frameworks, and strategic policy interventions. Analyze examples like East Asian economies, and assess how governance, bureaucratic capacity, and political will shape development outcomes. Connect these to theories of growth, inequality, and structural transformation.
7. Environmental and Resource Economics
Study the principles of sustainable development, focusing on economic growth, environmental protection, and social equity. Understand development theories, policy frameworks, and indicators like the SDGs. Analyze global inequalities, resource use, climate economics, and institutional roles in sustainable practices, linking theoretical models with empirical research for long-term developmental impact.
Learn methods to quantify environmental benefits and costs, including contingent valuation, hedonic pricing, and travel cost methods. Understand their application in policy-making, sustainable development, cost-benefit analysis, and integrating environmental values into national accounting and economic planning.
Learn about sustainable resource use, property rights, environmental valuation, resource governance, common-pool resource theory (Ostrom), ecological economics, cost-benefit analysis, institutional frameworks, policy instruments, and development-environment trade-offs. Understand how natural resource management impacts economic growth, poverty alleviation, and long-term development within varying socio-political and ecological contexts.
Understand the economic impacts of climate change, carbon pricing, and cost-benefit analysis of mitigation. Study policy instruments like carbon taxes, cap-and-trade, and subsidies. Explore global frameworks (e.g., Paris Agreement), development-environment trade-offs, and the role of institutions, equity, and innovation in shaping sustainable, inclusive climate policies within developing economies.
8. Gender and Development
Study gender wage gaps, labor force participation, and occupational segregation. Examine educational access, attainment, and gender biases in curricula. Analyze policy impacts on gender equality. Explore feminist economic theories and human capital development. Use intersectional approaches to understand systemic barriers and measure progress toward inclusive, sustainable economic and social development.
Feminist Economics critiques traditional economics for ignoring gendered power relations, unpaid care work, and systemic inequalities. For a PhD in Economics and Development Theory, focus on gendered labor divisions, intersectionality, social reproduction, inclusive policy-making, and the impact of patriarchy on economic structures, growth, and equitable development outcomes.
Understand how social norms shape economic behavior, labor market participation, and access to resources. Explore gender norms, informal institutions, and cultural constraints affecting development outcomes. Study their influence on policy effectiveness, social mobility, and collective action. Analyze norms' evolution through historical, sociological, and behavioral economic lenses in development contexts.
Learn how fiscal policies impact gender equality, analyze budget allocations through a gender lens, assess socio-economic outcomes, promote inclusive development, and evaluate policy effectiveness in addressing gender disparities within economic planning and governance.
9. Urbanization and Migration
Understand the dynamics of informal settlements within urban planning, focusing on land use, housing markets, and socio-economic inequalities. Explore policy impacts, governance, and the role of institutions. Analyze how informal economies contribute to development, spatial justice, and inclusive growth through lenses of development theory and economic sustainability.
Study drivers of internal and international migration, including economic disparity, conflict, and environmental change. Understand impacts on labor markets, remittances, and development. Analyze migration theories—neoclassical, dual labor market, and new economics. Explore policy responses, brain drain/gain, and socio-economic integration. Link migration patterns to global inequality and development strategies.
Learn about labor mobility, migration policies, skill matching, wage dynamics, labor market institutions, informal sector integration, and gender disparities. Analyze how integration affects economic growth, inequality, and social cohesion in developing contexts, using empirical methods and theoretical frameworks.
Understand the structural causes of urban poverty, including migration, unemployment, and inequality. Study service delivery challenges in health, education, housing, and sanitation. Explore governance, institutional capacity, and policy frameworks. Analyze theoretical models in development economics addressing poverty alleviation, urban planning, and inclusive growth within rapidly urbanizing contexts.
10. Research Methodology
Learn qualitative research design, case study methods, ethnography, interviews, and thematic analysis. Understand mixed methods integration, triangulation, and data interpretation. Focus on how qualitative insights complement quantitative data to capture socio-economic contexts, local knowledge, and policy impacts in development research.
Learn the principles, design, and application of case study and ethnographic approaches in exploring economic and development phenomena. Focus on contextual analysis, participant observation, interviews, and theoretical generalization. Understand how these qualitative methods reveal complex social dynamics, policy impacts, and community-level insights vital for development research.
Learn principles of effective survey design, including question framing, reliability, and validity. Understand sampling methods—random, stratified, and cluster—for representative data. Focus on minimizing bias, ensuring data quality, and ethical considerations. Apply these in evaluating development interventions, economic behaviors, and policy impacts within diverse socioeconomic contexts for rigorous empirical research.
Learn about informed consent, confidentiality, and power dynamics in researcher-participant relationships. Understand ethical review processes, cultural sensitivity, and the importance of avoiding exploitation. Recognize the ethical implications of funding sources, data use, and impact on communities. Prioritize transparency, accountability, and respectful engagement throughout the research process in development contexts.
Conduct original research to address a real-world business problem. Learn to formulate research questions, apply theoretical frameworks, and contribute to academic and professional knowledge. Every Learner will go through these following six simple steps to complete their Thesis with the help of a Professional Expert.
What Our Learners Have To Say About Us
Pursuing my Doctorate in Business Administration was more than just an academic pursuit—it was a transformational journey. The research support and global exposure helped me establish myself as a thought leader in strategic management.
Analyze how Amazon or Netflix navigated shifting market conditions through strategic foresight, innovative thinking, and effective change management. Examine key decisions, adaptations to technology and consumer behavior, and leadership in driving transformation. Highlight lessons in resilience, long-term vision, and innovation that enabled sustained competitive advantage.
Analyze Satya Nadella’s transformational leadership at Microsoft, focusing on how his leadership style influenced employee motivation and drove cultural change. Examine key initiatives, communication strategies, and leadership behaviors that reshaped the company’s vision, collaboration, and innovation. Evaluate outcomes through performance improvements, employee engagement, and organizational culture transformation.
Analyze how Apple maintained supply chain resilience during COVID-19, focusing on logistics optimization, risk management strategies, and supplier relationship management. Examine disruptions faced, Apple’s response, and lessons learned. Highlight how Apple adapted operations, diversified suppliers, and leveraged technology to ensure continuity and meet global demand during the pandemic.
In this case study, analyze Tesla’s approach to raising capital and taking financial risks. Evaluate its valuation methods, capital structure decisions, and strategic financial choices. Assess how these influenced growth, investor confidence, and market positioning, while considering implications for long-term sustainability and competitive advantage in the electric vehicle industry.
In this case study, analyze how Airbnb achieved rapid growth through disruptive innovation. Focus on its unique business model, how it scaled operations globally, and secured funding to fuel expansion. Examine key strategies, challenges faced, and the impact of innovation on the hospitality industry’s traditional dynamics.
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Analyze how Coca-Cola tailors its branding and marketing strategies to different regions using consumer psychology insights and data-driven approaches. Examine specific regional campaigns, cultural adaptations, and how consumer behavior influences branding decisions. Highlight the effectiveness of personalized marketing and the role of data in shaping Coca-Cola’s global yet local brand presence.
Analyze the Volkswagen emissions scandal by examining the ethical lapses, failures in compliance, and the role of the board. Evaluate how decisions were made, who was responsible, and how stronger governance could have prevented it. Recommend strategies to enhance ethical decision-making, regulatory compliance, and board accountability in corporate settings.
Frequently Asked Questions
This is a doctoral-level program for professionals who want to lead through research and
innovation. It blends academic depth with real-world impact, helping you turn workplace
challenges into meaningful, research-driven solutions.
Yes, absolutely. It's built with your schedule in mind. You can pursue this PhD alongside your
job, with flexible study hours and a structure that respects your work-life balance.
This is a blended program, primarily conducted online. You'll learn through a mix of live virtual
sessions, recorded lectures, guided mentorship, and independent research. No campus visits
required—unless you choose to attend optional events.
You’ll learn from globally recognized faculty—experienced researchers, tenured professors, and
industry experts. They’ll not only teach you but guide your research journey with real insight and
personalized attention.
Instead of a traditional thesis, you’ll work on a Practicum Research Project. It’s based on a real
issue from your work or industry. With your advisor’s help, you’ll research it rigorously and may
even publish it, depending on your goals.
Not at all. This PhD is designed for professionals, not career academics. You’ll be supported
through every research step—from forming questions to analyzing data—with practical
guidance tailored to your experience level.
Most learners complete the program in about 2.5 to 3 years, depending on how much time you
dedicate. The flexible design means you can move at your own pace, balancing study with your
personal and professional life.
Yes. The degree is awarded by Euro Asian University in Estonia, a recognized institution within
the European Higher Education Area. It holds academic value across Europe, the U.S., and
beyond.
Publishing is not required but highly encouraged. If your work has practical or academic value,
your advisor can guide you in submitting it to journals or presenting it at conferences.
The cohort includes senior executives, consultants, educators, entrepreneurs, and mid-career
professionals. Everyone brings unique experiences, making for rich peer discussions and
networking opportunities.
Whether you want to teach, lead strategic transformation, consult, or start your own research
firm, this PhD helps position you as a subject matter expert and decision-maker in your domain.
The application is simple. Share your academic and professional background, express your
research interests, and have a short conversation with our admissions team. From there, we’ll
guide you through every step
Our advisors are available around the clock to answer questions and support your educational journey. Connect with us today to explore how upGrad can help you meet your career goals.
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