Course of Study
A year-by-year description of the course of study in the Ph.D. program is detailed on this page. For performance standards associated with the course of study, see Satisfactory Progress.
First Year
Incoming first year students are required to arrive three weeks before Fall Semester classes begin to take an intensive mathematics refresher course (Summer Math Camp). The math refresher course typically begins in mid August and provides some basic background material needed for first year courses. All students are required to take two semesters each of Microeconomics, Macroeconomics, and Econometrics. Specifically, during the first year all students must take the following courses:
In the Fall:
- Microeconomics I
- Macroeconomics I
- Probability and Statistics
In the Spring:
- Microeconomics II
- Macroeconomics II
- Econometrics I
Each of these is a four-credit course in which the required mathematical tools are developed in conjunction with their applications. Another course, Econometrics II, is taken in the Fall of the second year to fulfill the basic Econometrics requirement.
Comprehensive Exams are taken in August before the beginning of the student's second year. Students must pass these exams to continue in the Ph.D. program. For further information relating to Comprehensive Exam see Satisfactory Progress.
Second Year
During the second year of study, students must take 6 courses, typically three each semester. Among them, Econometrics II is needed to complete the basic requirements. In the second year, each student is required to take at least two full-sequence fields. A full-sequence field consists of a formal two-course sequence. The content of the field is determined by the relevant course instructors. To satisfy the field requirement, students may be required to write a field paper and/or pass a field exam.
Students may fill out the remaining credit requirements by taking courses that are complementary with his/her two fields (e.g. Micro and Econometrics with the Labor field).
Nine fields are offered. Field offerings may change according to faculty availability. Students may choose among the following fields:
- Econometrics
- Economic Development
- Economic Theory
- Industrial Organization
- International Macro and Finance
- International Trade
- Labor Economics
- Macroeconomics
- Public Economics and Political Economy
Third Year
In the third year students will typically take 2 courses (6 credit hours). They also register for and participate in the macroeconomics and/or the microeconomics workshops. Finally, they register for thesis research during each semester in which they are registered for fewer than 9 credits.
By the end of the fall semester of the third year, each student must have the Graduate School's official Outline of Thesis or Dissertation approved by a faculty advisor (who will normally be the student's dissertation advisor). Each student must present an oral defense of his or her dissertation proposal to the department faculty in the appropriate workshop by the end of the third year. For further information about the thesis proposal, see Satisfactory Progress.
Fourth, Fifth, (and possibly Sixth) Year
Students must accumulate a total of six credits for the microeconomics and macroeconomics workshops. Two of these are acquired in the third year; the remainder are acquired in the fourth and fifth years. At this stage student are expected to be focusing solely their doctoral theses under the supervision of their faculty committees. Finally, each student is expected to present at least one seminar in the appropriate workshop by the end of the fourth year.
