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Field/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 (A, B, C...)
  • 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
  • one elective counts towards one field requirement, duplicate credit is not granted
  • 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 student's advisor and 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 3)

  • ECON-262: Behavioral Game Theory
  • ECON-263: Models in Behavioral Economics
  • ECON-264: Experimental Economics 
  • ECON-265: Alternative Choice Theory
  • MGT-225, MGT-227 or MGT-228
Development
(Choose 3 of 4 bolded)
  • ECON-237: Political Economy: Microeconomic Perspectives
  • ECON-241: Microeconomics of Development
  • ECON-242: Macroeconomics of Development
  • ECON-243: Organizational Economics of Development
  • ECON-250A: Empirical Methods in Labor Economics  strongly advised
  • GPEC-464: Designing Field Experiments (offered occasionally, does not count towards elective but recommended)
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
  • ECON-228: Nonstandard Inference
  • ECON-229: Estimating Causal Effects
  • A PhD-level course in mathematics, data science, computer science, and other related fields: approval from a faculty member in econometrics is required

Environmental & Natural Resource Economics
(ECON-266 + Choose 2; at least 1 from ECON-267 or 268)

  • ECON-231: Public Economics: Public Goods and Externalities
  • ECON-250A: Empirical Methods in Labor Economics
  • ECON-266: Economics of Natural Resources 
  • ECON-267: Topics in Environmental & Resource Economics*
  • ECON-268: Energy and Environmental
    Economics 
  • GPEC-489: Non-Market Valuation**

Finance
(Choose 2)

  • ECON-270: Core Asset Pricing
  • ECON-272: Theory & Testing of Intertemporal Asset Pricing Model
  • MGT-285: Financial Economics
  • MGT-286: Continuous Time Finance
  • MGT-287: Empirical Finance
  • MGT-289: Topics in Finance: Corporate Finance
  • MGT-289: Topics in Finance: Empirical Methods in Finance

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

  • ECON-208: Games (Theoretical Emphasis)
  • ECON-250A: Empirical Methods in Labor Economics
  • ECON-260: Industrial Organization I
  • ECON-261: Industrial Organization II
International Economics
(Choose 2)
  • ECON-245: International Economics
  • ECON-246: International Macroeconomics
  • ECON-247: Empirical Topics in International Economics
  • ECON-248: Spatial Economics
    *ECON 246 and ECON 248 apply toward both macro and international electives*
    *ECON 281: Macroeconomics (SP25) applies toward international electives*
Labor
(All 3)
  • ECON-250: Labor Economics
    • A. Empirical Methods in Labor Economics (fall)
    • B. Topics in Labor Economics (winter)
    • C. Advanced Topics in Labor Economics (spring)

Macroeconomics
(Choose 2)

  • ECON-210D: Monetary Economics and Business Cycles 
  • 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-245: International Trade
  • ECON-246: International Macroeconomics
  • ECON-248: Spatial Economics
  • ECON-272: Theory & Testing of Intertemporal Asset Pricing Model
  • ECON-281: Macroeconomics
  • MGT-285: Financial Economics

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

  • ECON-201: Advanced Microeconomics*  
  • ECON-204: Contract Theory
  • ECON-206: Decisions 
  • ECON-208: Games
  • ECON-262: Behavioral Game Theory
  • ECON-263: Models in Behavioral Economics
  • ECON-264: Experimental Economics
  • ECON-265: Alternative Choice Theory
  • ECON-272: Theory & Testing of Intertemporal Asset Pricing Model
  • ECON-281: Dynamic Political Economic Theory
  • ECON-281: Market Microstructure 

Political Economy

(Choose 2)

  • ECON-237: Political Economy: Microeconomic Perspectives
  • ECON-281: Dynamic Political Economic Theory
  • POLI-220B: Comparative Politics: Institutions
  • POLI-228:  Historical Political Economy
  • POLI-231:  Political Economy of Development
  • POLI-278: Political Economy Models
Public Economics
(Choose 2)
  • ECON-230: Taxation
  • ECON-231: Public Goods and Externalities
  • ECON-232: Redistribution and Social Insurance
  • ECON-233: Public Economics of Health Care
  • ECON-281: Current Research on Anti-poverty Programs in the U.S. 

*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 GPS course has a heavy focus on developing countries and Economics Ph.D. students will be required to write a term paper.