Texas Tech University

Prospective Graduate Students

About the FMI Ph.D. Fellowship

The Free Market Institute (FMI) supports the scholarly and professional development of full-time graduate students pursuing doctoral degrees at Texas Tech University in fields related to the theory, history and practice of free market economics.

The FMI Ph.D. Fellowship is a three-year fellowship that provides full tuition support and a competitive stipend during each academic year. FMI Ph.D. Fellows have nine-month, part-time research (up to 20 hours per week), in which they gain academic and professional experience working as Research Assistants with FMI faculty and staff.

To receive full consideration for a FMI Ph.D. Fellowship, applicants must first gain admission to the Graduate School at Texas Tech University.

Applicants must also gain admission to a program of study in an academic department, in which they will pursue coursework that prepares them for advanced research in a field related to the study of the theory, history and practice of free market economics, the private enterprise system and political economy more generally.

Priority consideration for funding is given to applicants who have gained admission to the Ph.D. program in the Department of Agricultural and Applied Economics (AAEC) in the College of Agricultural Sciences and Natural Resources.

For a listing of past research staff and past Ph.D. Fellows, please visit the Free Market Institute Alumni page.

Application Procedures

All applicants should consult and satisfactorily complete the general requirements for admission to the Graduate School prior to submitting an application for the FMI Ph.D. Fellowship.

Information about degree requirements and departmental application procedures can be found at the following link: Department of Agricultural and Applied Economics.

Applicants for the FMI Ph.D. Fellowship should have strong academic backgrounds that have prepared them for success in a doctoral program and a demonstrated interest in fields related to the study of free market economics.

These fields include, but are not necessarily limited to, Austrian economics, Public Choice economics and New Institutional economics. To apply and receive consideration for a fellowship, an applicant should send the following materials to the Free Market Institute:

Required Materials

  • A current resume/CV;
  • A statement of interest that outlines research goals and interest in the mission of the Free Market Institute (1500 word maximum);
  • A writing sample, preferably a term paper that addresses an issue related to free market economics;
  • An unofficial copy of undergraduate and graduate (if applicable) transcripts; and
  • An unofficial copy of most recent GRE scores.
  • Three (3) letters of reference from individuals who can evaluate academic preparation and potential for success in graduate school. A letter from an individual familiar with the FMI mission and vision is recommended, but not required.

The Free Market Institute is currently accepting fellowship applications for the 2018-2019 academic year. The deadline for priority consideration of a fellowship offer is February 1, 2018.

Interested students may contact the Free Market Institute with any questions by phone at 806.742.7138 or email at

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