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Economics
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  1. Home
  2. Programs
  3. Graduate
  4. Economics
  5. Doctor of Philosophy

Doctor of Philosophy

PhD
  • Economics opens in a new tab
Program Minimum Units
135 Units
University Minimum Units
135 Units
Program Length
6 Years
Interests
Business & Entrepreneurship, Government, Politics & Current Events, Data and Information Sciences, International Relations, Sustainability
Academic Areas
Social Sciences, Business, Economic Development

Overview

The doctoral program in Economics’ primary objective is to educate students as research economists, acquainting them with the economic aspects of modern society, to familiarize them with techniques for analyzing contemporary economic problems, and to develop an ability to exercise judgment in evaluating public policy. The curriculum includes a comprehensive treatment of modern theory and empirical techniques.

The program is designed to ensure that students receive a thorough grounding in the methodology of theoretical and empirical economics while at the same time providing specialized training in a wide variety of subfields and a broad understanding of associated institutional structures. Toward these ends, the program is arranged so that the student has little choice in the curriculum at the outset but considerable latitude later.

The program is full-time, and doctoral students in the Economics PhD program are expected to maintain a significant physical presence on campus throughout their graduate studies. This ensures that students have access to advisors and mentors, libraries, and other resources that support timely progress towards completion of the degree requirements. Additionally, being on campus ensures that students are part of the academic and campus community, which supports continued professional development.

Requirements

Program Requirements

Conditions

  • Students must be enrolled in courses in accordance with departmental expectations stated in the Handbook. When students reach 135 units, they must have completed all degree requirements, except for the oral exam and dissertation submission, and must request Terminal Graduate Registration (TGR) status.

  • Failure to meet degree requirements, including the department's grade expectations, may lead to dismissal from the program.

Graduate Core

The graduate core consists of three different sequences taken in the first year of the program. Petitions to substitute courses must be approved by the DGS prior to the start of the quarter.  Waiving out of any core course must be submitted via the online form for instructor approval at least two weeks before the start of the term.

Complete all of the following requirements:
Microeconomics
Complete all of the following course(s):
ECON 202

Microeconomics I

2-5 Units
ECON 203

Microeconomics II

5 Units
ECON 204

Microeconomics III

5 Units
and
Macroeconomics
Complete all of the following course(s):
ECON 210

Macroeconomics I

2-5 Units
ECON 211

Macroeconomics II

5 Units
ECON 212

Macroeconomics III

5 Units
and
Econometrics
Complete all of the following course(s):
ECON 270

Intermediate Econometrics I

2-5 Units
ECON 271

Intermediate Econometrics II

5 Units
ECON 272

Intermediate Econometrics III: Methods for Applied Econometrics

5 Units

Fields of Specialization

Students should read all specifics about each year’s field requirements on the Economics department website opens in a new tab for non-course-related requirements toward the field. Courses may not be double-counted towards requirements of multiple fields. Any substitutions must be pre-approved by the DGS.

Complete at least 2 of the following:
Behavioral and Experimental Economics
Complete all of the following course(s):
ECON 278

Behavioral and Experimental Economics I

2-5 Units
ECON 279

Behavioral and Experimental Economics II

4 Units
ECON 280

Behavioral and Experimental Economics III

4 Units
or
Econometrics
Complete at least 2 of the following courses:
ECON 273

Advanced Econometrics I

3-5 Units
ECON 274

Advanced Econometrics II

3-5 Units
MGTECON 614

Emerging Topics in Econometrics

3 Units
MGTECON 661

Causal Inference

3 Units

Students are encouraged to additionally take at least one of the following:

MGTECON 614

MGTECON 661

MS&E 328

300+ level courses in Statistics or Computer Science, approved by faculty

or
Development
Complete at least 2 of the following courses:
ECON 214

Development Economics I

3-5 Units
ECON 215

Development Economics II

4 Units
ECON 216

Development Economics III

2-5 Units
or
History/Institutions
Complete at least 2 of the following courses:
ECON 226

Topics in US and international economic history

4 Units
ECON 229

Topics in Economic History

4 Units

Grades of B+ or higher is required.

or
Environmental, Resource, and Energy Economics
Complete at least 2 of the following courses:
ECON 250

Environmental Economics

3 Units
ECON 261

The Engineering Economics of Electricity Markets

3 Units
GEP 268

Topics and Methods in Global Environmental Policy I

3-5 Units
GEP 269

Topics and Methods in Global Environmental Policy II

3-5 Units
or
Finance
Complete at least 2 of the following courses:
ECON 236

Financial Economics I

3-5 Units
ECON 237

Heterogeneity in Macroeconomics

4 Units
FINANCE 622

Dynamic Asset Pricing Theory

3 Units
FINANCE 624

Corporate Finance Theory

4 Units
FINANCE 625

Empirical Asset Pricing

3 Units
or
Industrial Organization
Complete all of the following course(s):
ECON 257

Industrial Organization 1

2-5 Units
ECON 258

Industrial Organization IIA

4 Units
or
International Finance
Complete all of the following course(s):
ECON 268

International Finance and Exchange Rates

3 Units
ECON 269

International Finance and Exchange Rates II

3-5 Units
or
International Trade
Complete at least 2 of the following courses:
ECON 266

International Trade I

3-5 Units
ECON 267

Topics in International Trade and Spatial Economics

4 Units
or
Labor
Complete at least 2 of the following courses:
ECON 244

Models Meet Data: The Economics of The Family

2-5 Units
ECON 245

Economics of Gender

3 Units
ECON 246

Labor Economics I

4 Units
or
Macroeconomics
Complete at least 2 of the following courses:
ECON 233

Advanced Macroeconomics I

2-5 Units
ECON 234

Advanced Macroeconomics II

4 Units
ECON 235

Advanced Macroeconomics III

4 Units
or
Market Design
Complete at least 2 of the following courses:
ECON 284

Simplicity and Complexity in Economic Theory

3 Units
ECON 285

Matching and Market Design

2-5 Units
ECON 287

Topics in Market Design

3 Units
or
MS&E 365

Topics in Market Design

3 Units
or
Microeconomic Theory

At least one course must be either 282 or 286.

Complete at least 2 of the following courses:
ECON 282

Contracts, Information, and Incentives

4 Units
ECON 284

Simplicity and Complexity in Economic Theory

3 Units
ECON 286

Game Theory and Economic Applications

3-5 Units
ECON 287

Topics in Market Design

3 Units
ECON 291

Social and Economic Networks

4 Units
or
Public Economics
Complete at least 2 of the following courses:
ECON 241

Public Economics I

2-5 Units
ECON 242

Public Economics II

4 Units
ECON 243

Public Economics III

4 Units
ECON 249

Topics in Health Economics I

3-5 Units

History Requirement

This requirement must be completed during the student’s second year of study. If history is a student’s field of specialization, they will replace this requirement with an additional breadth course.

Complete at least 1 of the following courses:
ECON 226

Topics in US and international economic history

4 Units
ECON 229

Topics in Economic History

4 Units

Breadth Requirement

  • Complete a minimum of one course in at least two fields other than the students'  fields of specialization. Breadth courses cannot be cross-listed in a student’s fields. If History is one of your fields of specialization, the student is required to take one class in a third additional field outside of the student's specializations.

Additional Coursework Requirement

Students must complete eight courses in total during their second year.  Depending on the combination of fields chosen, the student may need to take one additional course to meet the eight-course requirement. The additional course may be taken in any of the fields of specialization, including their own. Students may also choose from the approved Econ grad courses not found in the fields of specialization as listed on the website. 

  • With advance approval of the Director of Graduate Studies, some of these courses may be drawn from related fields taught in other departments. Permission needs to be obtained from the Director of Graduate Studies before enrolling in a course outside the department if the student wants it to count towards requirements.

Second-Year Paper

All students must submit a second-year paper by August 31 of their second year in the program, and they must arrange for a faculty member to oversee the paper by the end of the spring quarter of the second year. A draft submission is due three weeks prior to this date.

Seminar

  • Third-Year Seminar: presentation of an expanded research paper in the spring quarter of the third year.

  • Seminar Participation: Each student is expected to enroll and participate in at least one all-year research seminar or three quarters of the same field seminar by the end of the fourth year of residence. Usually, participation in a seminar requires one or more oral presentations and the submission of a research paper (which, however, need not be completely separate from dissertation research). Detailed information on fulfilling the seminar requirements can be found on the Economics department website. opens in a new tab

Teaching Requirement

Conditions

Teaching is core to the academic and professional training of doctoral students in our program. All students are required to complete one quarter of teaching experience in the Economics department by the end of their fourth year in the program, regardless of their financial support. Typically, students complete more than the required number of teaching quarters as part of their professional training and financial support.

Advancement to Candidacy

Conditions

Admission to candidacy is a prospective judgment by the faculty of a student’s potential to successfully complete the requirements of the degree program. Students are expected to complete qualifying procedures and apply for candidacy by the end of August of their second year. Qualifying procedures in the Department of Economics include required coursework and the second-year paper. Additional details on qualifying procedures can be found in the Graduate Handbook on the department website opens in a new tab.

Oral Exam

Conditions

In the Department of Economics, the oral exam is a defense of the dissertation presented upon the completion of a substantial portion of the dissertation or upon completion of a pre-final draft. Students consult with their dissertation advisor and reading committee members on the timing of the defense. Students are expected to complete this milestone by the end of their sixth year in the program.

Dissertation

Conditions

Students are required to submit an approved dissertation that makes an original contribution to Economic scholarship. This may include three separate papers. Students are expected to submit the dissertation by the end of their sixth year in the program.