Elective Requirements

General Requirements for All Ph.D. Students:

  • seven elective courses required in order to advance to candidacy
  • all seven courses must be taken for a letter grade
  • cumulative GPA of 3.5 or better must be earned in these seven courses
  • students must elect two fields of economics for advanced study
  • each field requires completion of two to three graduate courses
  • students to complete all seven of these courses by end of their third year
  • students should strive to complete their field requirements in second year

Students may enroll in independent study or relevant courses from other departments. However, in general these courses cannot be counted among the seven electives.

Exceptions: Students may apply one graduate course from another department toward the elective requirement. This course must be reviewed and approved by the Vice Chair of Graduate Studies prior to enrolling in the course.

Some electives are not offered every year. If it becomes apparent to a student at the start of the third year that a course required for a field requirement will not be offered during the second or third years of their enrollment in the program, they should immediately consult with professors in the given field. In some cases, the course(s) will be available during the fourth year of study. In other cases, no such assurance will be given and the student must then select an alternative graduate course or courses. If this occurs, the student should petition the department’s Vice Chair of Graduate Studies to include the alternative course(s) as a replacement for the elective requirement(s) that the department was not able to offer. Below is a list of the graduate fields and the courses that must be completed to fulfill each field requirement:

Field Courses

Behavioral / Experimental
(Choose 2 + ECON 264)

  • ECON 263: Models in Behavioral Economics (FA17)
  • ECON 264: Experimental (WI18)
  • ECON 265: Alternative Choice Theory
  • ECON 281: Models in Behavioral Economics 
  • ECON 281: Alternative Choice Theory
  • MGT 225: Behavioral Economics
Development
(All 3)
  • ECON 250: Labor Economics (Empirical Methods - fall quarter offering only)
  • ECON 241: Microeconomics of Development (WI18)
  • ECON 242: Macroeconomics of Development
Econometrics
(Choose 2)
  • ECON 221: Advanced Topics in Econometrics*
  • ECON 225: Forecasting
  • ECON 226: Bayesian and Numerical Methods
  • ECON 227: Nonparametric and Semi-Parametric Methods (SP18)
  • ECON 228: Nonstandard Inference
  • ECON 229: Estimating Causal Effects

Environmental & Natural Resource Economics
(Choose 1 + ECON 266 & 267)

  • ECON 231: Public Economics:  National Government Expenditures (FA17)
  • ECON 250: Labor Economics (Empirical Methods - fall quarter offering only)
  • ECON 266: Economics of Natural Resources (SP18)
  • ECON 267: Topics in Environmental & Resource Economics* (SP18)
  • IRGN 489: Non-Market Valuation**

Finance
(Choose 2)

  • ECON 270: Core Asset Pricing
  • ECON 272: Theory & Testing of Intertemporal Asset Pricing Model (FA17)
  • ECON 281: Theoretical Topics in Finance
  • MGT 286: Continuous Time Finance
  • MGT 288: Topics in Finance: Corporate Finance

Industrial Organization
(Choose 2; at least 1 from ECON 260 or 261)

  • ECON 208: Games (Theoretical Emphasis) (SP18)
  • ECON 250: Labor Economics (Empirical Emphasis) (Empirical Methods - fall quarter offering only)
  • ECON 260: Industrial Organization I
  • ECON 261: Industrial Organization II
International
(Choose 2)
  • ECON 245: International Trade (WI18)
  • ECON 246: International Macroeconomics
  • ECON 247: Empirical Topics in International Economics (SP18)
Labor
(All 3)
  • ECON 250: Labor Economics
    • A. Fall: Empirical Methods for Applied Economists
    • B. Winter: Topics in Labor Economics (Labor Demand, Unemployment, Migration & Immigration, Social Program Evaluation, Demography, Religion)
    • C. Spring: Further Topics in Labor Economics (Labor Supply, Discrimination, Wage Dynamics, Education & Training)
    • Topix mix in Winter and Spring subject to change

Macroeconomics
(Choose 2)

  • ECON 210D: Monetary Economics and Business Cycles (FA17)
  • ECON 211: Advanced Macroeconomics
  • ECON 213: Advanced Macroeconomic Theory
  • ECON 214: Applied Macroeconomics
  • ECON 215: Macroeconomic Policy
  • ECON 216: Computation for Macroeconomics
  • ECON 217: Real Frictions and Financial Frictions
  • ECON 242: Macroeconomics of Development 
  • ECON 272: Theory & Testing of Intertemporal Asset Pricing Model (FA17)
  • ECON 281: Housing in Macro/Finance Models 
  • ECON 281: Real Frictions and Financial Frictions 
  • ECON 281: Applied Macroeconomics 
  • ECON 281: Financial Frictions and Foundations of Monetary Theory 

Microeconomics
(Choose 3; at least 1 from ECON 206 or 208)

  • ECON 201: Advanced Microeconomics* (FA17)
  • ECON 206: Decisions 
  • ECON 208: Games (SP18)
  • ECON 263: Models in Behavioral Economics (FA17)
  • ECON 264: Experimental (WI18)
  • ECON 265: Alternative Choice Theory
  • ECON 272: Theory & Testing of Intertemporal Asset Pricing Model (FA17)
  • ECON 281: Models in Behavioral Economics 
  • ECON 281: Alternative Choice Theory
Political Economy
  • POLI 220B: Comparative Politics: Institutions
  • ECON 237: Political Economy: Microeconomic Perspectives (SP18)
Public Economics
(Choose 2)
  • ECON 230: Taxation (SP18)
  • ECON 231: National Government Expenditures
  • ECON 232: Redistribution & Social Insurance

*Multiple, distinct versions of ECON 201, 221, 267 & 281 can be counted towards the requirement upon approval of the Department’s Vice Chair of Graduate Studies and the relevant instructors.
**This IR/PS course has a heavy focus on developing countries and Economics Ph.D. students will be required to write a term paper.