The Graduate Group in Economics offers many upper level courses in various fields. Besides providing an introduction to the various subdisciplines of economics, these courses bring students up to the research frontier. Courses offered change over time, reflecting the interests of the faculty and trends in the profession. All Ph.D. students must pass four 700-level Econ courses (above 706, and excluding 7x9 which are workshops) with a grade of A- or higher.
An important component in years three and above is workshop participation. Students are required to register in two semesters of the department workshops, and present work in at least one of them. In addition, there are student workshops: the longstanding shadow and twilight workshops, in which students present to their peers their own nearly completed research, and new "bag lunch" workshops in econometrics and international economics in which more tentative ideas and developments in these fields are presented.
Starting in the third year of residence, students are expected to engage in a major piece of original research, suitable for publication in a scholarly journal. By the end of their third year, all students are required to have a faculty advisor within the Graduate Group and are required to have completed a research paper, approved by two members of the Graduate Group. The paper may be in any area, and the ideas explored in it will often be the genesis of at least one paper in the thesis. This requirement ensures that students become familiar at an early stage with research practice; from the process of generating an idea through its implementation via model building, written exposition, mathematical word processing, and the seminar presentation.
Taking into account all of these various requirements, a typical program for the first two years of graduate study might be:
- First Year
- Fall Term
- Microeconomic Theory I (701)
- Macroeconomic Theory I (702)
- Econometrics I: Fundamentals (705)
- Spring Term
- Microeconomic Theory II (703)
- Macroeconomic Theory II (704)
- Econometrics II: Methods & Models (706)
- Fall Term
- Second Year
- Fall Term
- Empirical Economics Course
- Two or three electives
- Spring Term
- Three electives
- Fall Term
Note: A student who holds a research or teaching assistantship may not take more than three courses per term.
Starting in the third year of residence, students are expected to engage in a major piece of original research, which is suitable for publication in a scholarly journal. All students are required to have a faculty advisor within the Graduate Group by the end of their third year in residence. The role of the faculty advisor is to help the student make the transition from coursework to research and identify suitable dissertation topics. Often the faculty advisor is the major advisor for the dissertation.
Active participation in workshops often lead students to formulate their own research topics and stimulates them to engage in independent research. For these reasons, workshop participation is required for at least two semesters. In addition, students are required to present one research paper in a workshop by the end of their fourth year in residence.
By the end of their fourth year in residence, students must have completed either a written dissertation proposal or a paper that will form one chapter of the dissertation. In addition, students are required to present one research paper in a workshop by the end of the fourth year in residence.
The dissertation is typically supervised by one major advisor, and it must be defended before a committee of three members of the faculty. Usually, students will consult with several members of the department during the dissertation stage of the program, and normally they will be expected to present a major piece of work during their fourth or fifth year of the program.
In recent years, students have typically presented theses which consisted of one large paper or two or three smaller papers. In order to participate in the job market, students must have brought their research on at least one part of their dissertation, to a stage in which a polished paper is ready for presentation at other universities and at institutions, by October of the fourth or fifth year in the program. Students are encouraged to develop a working relationship, at least a year in advance, with the faculty members they expect to provide references for them.
The Graduate Group in Economics does not offer a special program for the A.M. degree and does not accept students who seek only this degree. Ph.D. students may apply for the A.M. degree after passing eight courses, writing a satisfactory research paper, and demonstrating proficiency in economic theory, statistics, and other areas of economics deemed appropriate by the Director of the Graduate Group. Prospective applicants should consult the Director of the Graduate Group for more information.
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