Since 1946, the American Institute for Economic Research (AIER) has provided direct training and financial support through summer fellowships for students pursuing graduate degrees in economics. The two-week fellowship program takes place at AIER's campus in the Berkshire Mountains of western Massachusetts, where students participate in three core seminars and attend lectures by visiting scholars on a variety of economic topics. Fellowship's provide for room and board during the two-week residence, plus a small stipend.
Eligibility is limited to graduate students who are enrolled in a doctoral program in economics or an approved related field, such as law and economics, or financial history; or to graduating college seniors who plan to be enrolled in such a program.
Those who successfully complete the program are invited to apply for the E.C. Harwood Fellowship, an award that provides financial assistance for the following academic year. These awards have averaged between $1,250 and $2,500 per student in recent years.