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Ph.D. in Economics

NOTE: PR means prerequisite, a course that must be taken first. An asterisk (*) in front of the course number indicates that the course will not be offered in the near future.

Plan of Study

Fall 1

  • Econ 702 -  Advanced Macro Theory I
  • Econ 701 -  Advanced Micro Theory I
  • Econ 721 -  Mathematical Economics

Spring 1

  • Econ 711 -  Advanced Micro Theory II
  • Econ 712 -  Advanced Macro Theory II
  • Econ 725 -  Econometrics I
  • Econ 723 -  Dynamic Methods in Economics 

June (following the first year)

  • Macro Theory Comp
  • Micro Theory Comp

Fall 2

  • Econ 726 -  Econometrics II
  • Field I
  • Field II

Spring 2

  • Econ 727 -  Econometrics III
  • Field I
  • Field II

June (following the second year)

  • Field I comp
  • Field II comp

Fall 3

  • Econ Elective
  • Econ Elective
  • Econ 795 - Independent Study
  • Econ 709 -  Workshop in Research Design and Methodology

Spring 3 (and all subsequent semesters until completion)

  • Econ 797 - Dissertation Research
  • Econ 709 -  Workshop in Research Design and Methodology

Courses Descriptions

Energy and Environmental Economics

Health Economics 

International Economics

Monetary Economics

  • 731. Monetary Economics I  (3 credit hours)
    P R: ECON 702. Sources and determinants of supply of money; demand for money for transactions and speculative purposes; general equilibrium theory of money, interest, prices. and output; role of money in policy.

  • 732. Monetary Economics II  (3 credit hours)
    PR: ECON 731. Further topics in monetary economics.

Public Economics

  • 741. Public Economics I  (3 credit hours)
    PR: ECON 701. Economic role of government in a mixed economy with regard to topics such as resource allocation and distribution of income; social choice mechanisms; fiscal federalism; and revenue.

  • 742. Public Economics II  (3 credit hours)
    PR: ECON 741. Continuation of public economics. Public Regulation and Control

  • *745. Industrial Organization  (3 credit hours)
    PR: ECON 701. Economic analysis of market structure, conduct, and performance; in-depth evaluation of markets and industries in the United States and the effect of government intervention on firm behavior.

  • *746. Public Regulation of Business  (3 credit hours)
    PR: ECON 701. Economic analysis of re gulation of specific industries such as public utilities.

Regional Economics

  • 761. Advanced Regional Economics  (3 credit hours)
    PR: ECON 701 and graduate standing or consent. Regional income and flow of funds estimation, regional cyclical behavior and multiplier analysis, industrial location and analysis, techniques of regional input-output measurement, impact of local government reorganization on regional public service and economic development.

  • 762. Advanced Urban Economics  (3 credit hours)
    PR: ECON 701. Theory, policy, and empirical research regarding growth and decline of cities, urban spatial structure and land-use patterns, intrametropolitan employment location, urban transportation, housing, housing market discrimination, local government structure, fiscal problems, and urban redevelopment.

  • *763. Spatial Economics  (3 credit hours)
    PR: ECON 701 or consent. Spatial dimension incorporated into the study of economic activity; spatial competition, market area analysis, locational equilibrium analysis, and general spatial equilibrium.

  • *764. Seminar in Regional Economics  (3 credit hours)

Economic Theory

  • 701. Advanced Micro Theory I  (4 credit hours)
    PR: ECON 301, 421 and departmental approval. Theory of production and allocation, utility theory, theory of the firm, pricing in perfect and imperfect markets, models of firm's operations.

  • 711. Advanced Micro Theory II  (4 credit hours)
    PR: ECON 701 General equilibrium analysis, distribution theory, welfare economics.

  • 702. Advanced Macro Theory I  (3 credit hours)
    PR: ECON 302, 421 and departmental approval. Classical, Keynesian, and modern macroeconomic theories.

  • 712. Advanced Macro Theory II  (3 credit hours)
    PR: ECON 702. Models of economic growth and fluctuations, and other advanced topics in macroeconomic theory.

  • *706. History of Economic Doctrines and Analysis  (3 credit hours) 
    PR: ECON 701 and graduate standing or consent. Writings of the major figures in the development of economic doctrines and analysis.

Quantitative Economics

  • 721. Mathematical Economics  (3 credit hours)
    PR: Departmental approval. Mathematical methods used in economics.

  • *722. Advanced Mathematical Economics  (3 credit hours)
    PR: Consent. Mathematical properties of microeconomic models of general equilibrium and welfare, existence, uniqueness, and stability of equilibrium. Applications of Hamiltonian and maximum principles to growth models and economic control problems. Investigation of separability theorems.

  • *722. Advanced Mathematical Economics (3 credit hours) 
    PR: Consent. Mathematical properties of microeconomic models of general equilibrium and welfare, existence, uniqueness, and stability of equilibrium. Applications of Hamiltonian and maximum principles to growth models and economic control problems. Investigation of separability theorems.

  • 723. Dynamic Methods in Economics (1 credit hour)
    PR: Econ 721. Mathematical techniques and preliminaries for dynamic economic analysis.

  • 725. Econometrics I  (3 credit hours)
    PR: ECON 721. Mathematical statistics, including probability, mathematical expectation, distributions, linear regression, ordinary least squares and simple extensions. Students will use a computer to analyze data.

  • 726. Econometrics II  (3 credit hours)
    PR: ECON 725. Econometric methods used by practicing economists. Includes simultaneous equations, asymptotic properties of estimators, and generalizations of and alternatives to least squares estimation. Also may include qualitative response, panel data, nonlinear, spatial, and time series models.

  • 727. Econometrics III  (3 credit hours)
    PR: ECON 726. Completes the graduate econometrics sequence. Topics may include computational methods and time series, spatial, nonlinear, qualitative response, and panel data models.

Other Economics Courses

  • 709. Workshop in Research Design and Methodology (1-3 credit hours)
    PR: Completion of both theory comprehensive exams, or consent. Basic research approaches based on examples from the students' own work, papers presented at the departmental research seminar series, and the economic literature in general.

  • 791 A-Z. Advanced Topics (1-6 credit hours) 
    PR: Consent. Investigation of advanced topics not covered in regularly scheduled courses.

  • 795. Independent Study (3-6 credit hours) 
    For graduate students working on a Master's Thesis or research paper.

  • 797. Research (1-15 credit hours) 
    For graduate students working on their Ph.D. dissertation.