PhD Fellows are required to be enrolled full-time, maintain a 3.5 GPA, maintain a good academic standing, including no unsatisfactory grades, spend approximately 20 hours each week working with Mercatus Center staff and faculty mentors throughout the year, attend and actively participate in all required program activities (e.g., colloquia, workshops, and seminars), arrive on time and prepared for all relevant activities having carefully read the assigned reading in advance, and be honest, responsible, fair, and civil in all activities of the PhD Fellowship Program.