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- Master of Science
- Non-Thesis option for the M.S. degree
- Graduate credit requirements - This degree requires a total of 36 semester hours of credits.
The University imposes the following restrictions on these credits:
- a maximum of 3 credits of 690 (Theory of Economic
Research)
- a maximum of 8 credits of 685 (Directed Studies)
- a maximum of 9 credits of 300 or 400 level classes (advanced undergraduate classes)
- Specific Course Requirements
- The Department requires that 18 of the required 36 hours be in
economics or econometrics, unless waived by the Director of Graduate
Programs.
- The Department requires that the following three courses or their
equivalent be included in the 18 hours of economics and econometrics
courses: Economics 607 (Microeconomics), Economics 611
(Macroeconomics) and Econometrics 660 (Mathematical Economics), or
their equivalent.
- Advisory Committee
- Creating the Committee
Students form an Advisory Committee that contains (at least) 3
members of the graduate faculty. The chair or co-chair must be from
Economics, and at least one member must be from a department other
than Economics. Details regarding the process for filing Advisory
Committee forms are available in the Economics Department Graduate
Studies Office.
- Program of Study – The Degree Plan
Students consult with their Advisory Committee to create an official
Degree Plan. This document lists all the classes the student will
complete in order to obtain the desired degree. The Degree Plan is
filed with the University's Graduate College. Details
regarding the process for filing the Degree Plan are available in
the Economics Department Graduate Studies Office. Students
should file the Degree Plan during the semester in which they obtain
20 credit hours of course work.
- Oral Examination
Students are required to pass a comprehensive oral examination.
Students must formally request permission from the Graduate College
in order to schedule this oral exam. The Graduate College
requires students to make this formal request at least two weeks (10
business days) prior to the proposed date of the exam Forms for
requesting a final oral examination are available in the Economics
Department Graduate Studies Office or online on the Office of
Graduate Studies website.
- Thesis option for the M.S. degree
- Graduate credit requirements
This degree requires a total of 32 semester hours of graduate credits. The University imposes the following restrictions on these credits:
- a maximum of 8 hours of 691 (Research)
- other course requirements the same as non-thesis option
- Students must complete a master's thesis under the guidance of an Advisory Committee.
- Specific Course requirements
The Department requires that the student take the following three courses: Economics 607 (Microeconomics), Economics 611 (Macroeconomics) and Econometrics 660 (Mathematical Economics), or their equivalent.
- Advisory Committee
- Creating the Committee-Students form an Advisory Committee that contains (at least) 3 members of the graduate faculty. The chair or co-chair must be from Economics, and at least one member must be from a department other than Economics. Details regarding the process for filing Advisory Committee forms are available in the Economics Department Graduate Studies Office.
- Program of Study – The Degree Plan
Students consult with their Advisory Committee to create an official Degree Plan. This document lists all the classes the student will complete in order to obtain the desired degree. The Degree Plan is filed with the University's Graduate College. Details regarding the process for filing Degree Plan forms are available in the Economics Department Graduate Studies Office. Students should file the Degree Plan during the semester in which they obtain 20 credit hours of course work.
- Oral Examination
Students are required to pass an oral exam at which they defend their thesis. Students must formally request permission from the Graduate College in order to schedule this oral exam. The Graduate College requires students to make this formal request at least two weeks (10 business days) prior to the proposed date of the exam. Forms for requesting a final oral examination are available in the Economics Department Graduate Studies Office or online on the Office of Graduate Studies website.
- Ph.D.
- Graduate credit requirements -
The Ph.D. degree requires a total of 96 semester hours of graduate credits is required for students without an MS or MA degree, or 64 hours of graduate credit for students with an MS or MA degree.
- Core Course requirements -
All Ph.D. students are required to complete the core courses in macroeconomics, microeconomics, and econometrics. The core courses are Economics 636 and 646 (Macroeconomic Theory 1 & 2), Economics 629 and 630 (Microeconomic Theory 1 & 2), and Econometrics 675 and 676 (Econometrics 1 & 2). In rare cases the Director of Graduate Programs in Economics may waive this requirement due to equivalent prior study in other graduate programs. Students should not that the material covered in these core courses forms the basis for the departmental Qualifying Examinations in economic theory and econometrics.
- Qualifying Exams -
All Ph.D. students are required to take the department's written Qualifying Examination in Microeconomic Theory, Macroeconomic Theory, and Econometrics. This exam is given in the summer following the first two semesters of the program, and students typically receive two chances to pass the three separate exams. The structure of these exams is described in more detail later in this document.
- Field Courses and Field Requirements
- All students must demonstrate mastery of three elective field areas. The list of fields currently offered by the department is listed later in this document. Mastery in each elective field of concentration in the Department of Economics is demonstrated by completion of course work requirements for that field with grades of B or higher.
- One of the three elective fields must be chosen from the following set of three fields: Advanced Theory, Econometrics, or Experimental/Behavioral Economics.
- One of the three elective fields must be selected as the student's major field. Students must submit their choice of major field to Director of Graduate Programs in Economics before the spring semester of their second year of study. Students must take a written field examination immediately following the completion of the sequence of the major field courses. However, the field committees may, at their option, waive the written field exam requirement for students who earn a grade of A in both courses in the major field. The Director of Graduate Programs will announce before each fall semester which fields will waive the field exam requirement for students receiving A's in the field courses. Field exam will be offered in June, and any student who fail the exam will be allowed a second attempt in the following January. Students who fail in both attempts must choose a different major field.
- Advisory Committee
- Creating the Committee -
Students form an Advisory Committee that contains (at least) 4 members of the graduate faculty. The chair (or if the committee has co-chairs, at least one of the co-chairs) must be from the Department of Economics. At least one committee member must be from outside the Department of Economics. Details regarding the process for filing Advisory Committee forms are available in the Economics Department Graduate Studies Office.
- Program of Study -- Degree Plan
Students consult with their Advisory Committee to create an official Degree Plan. This document lists all the classes the student will complete in order to obtain the desired degree. Details regarding the process for filing the Degree Plan forms are available in the Economics Department Graduate Studies Office or online on the Office of Graduate Studies website. Students should typically file the Degree Plan before the end of their sixth semester of study, usually the Spring semester of their fourth year in the program. The Degree Plan must be approved by the student's Advisory Committee.
- Oral preliminary examination
- University Rules - The University requires an oral preliminary examination for all Ph.D. students. This exam is administered by the Advisory Committee. This exam must be given no earlier than a date at which the student is within approximately 6 credit hours of completion of the formal coursework on the degree plan (i.e., all course work on the degree plan except 685, 690 and 691) or no later than the end of the semester following the completion of formal coursework on the degree plan. In addition, the Office of Graduate Studies must receive preliminary examination results at least 14 weeks prior to the final oral examination date. Students consult with their Advisory Committee to create an official Degree Plan. This document lists all the classes the student will complete in order to obtain the desired degree. Details regarding the process for filing the Degree Plan forms are available in the Economics Department Graduate Studies Office or online on the Office of Graduate Studies website. Students should typically file the Degree Plan before the end of their sixth semester of study, usually the Spring semester of their fourth year in the program. The Degree Plan must be approved by the student's Advisory Committee.
- Departmental Policy -
The Economics Department recommends completing the Oral Preliminary Exam before the end of the fourth year of study. While the exact nature of the preliminary oral examination depends on the Advisory Committee and the particular area of research, there are some general departmental guidelines. The purpose of the Oral Prelim is to rigorously test the student's knowledge of major, minor, and supporting subject areas relevant to the proposed dissertation topic, as well as the student's ability to analyze, organize, and present subject matter relevant to the field.
- Research Proposal and Admission to Candidacy
- Students must complete a Research Proposal that outlines the proposed dissertation research. This proposal must be approved by the Advisory Committee and submitted to the Graduate College.
- Students are admitted to Candidacy by the Graduate College when they have completed the following requirements:
- completion of all formal course work on the Degree Plan except 690 or 691 hours
- a GPR of 3.0 or higher, and no grade lower than a C for courses on the Degree Plan
- successfully complete the Preliminary Oral exam
- submission of an approved dissertation proposal
- meet the University's residence requirements (see the University's Graduate Handbook)
- Oral Final Exam and Defense of the Dissertation -
The final oral examination requires prior approval by the Graduate College. Students should get the appropriate forms to be filed with the Graduate College from the Economics Department Graduate Studies Office and file them at least two weeks before the date of the examination. Students are expected to provide a copy of the dissertation to each member of the Advisory Committee at least two weeks before the final oral examination.
- Other Requirements
- Workshops
Beginning with the Fall semester of the third year and extending through the fifth year, all Ph.D. students are expected to enroll in one of the 3-credit department workshops. Waivers due to conflicts with formal coursework should be brought to the attention of the Director of Graduate Programs. Workshops are typically held in the following areas:
Macro/Monetary/International, 690-601;
Econometrics, 690-602;
Applied Micro/Public/Labor, 690-603
Industrial Organization, 690-604
Theory/Behavioral/Experimental Economics, 690-605
- Student Seminars
Beginning with the Fall semester of the third year and extending through the fifth year, all Ph.D. students are expected to enroll in one of the 3-credit student seminar courses (Econ 685 courses) offered by the Department of Economics. Students are required to make presentations, ideally of their own research, during these student seminars. Generally, students are required to make presentations every semester. Student seminars are typically held for the following fields:
Applied Microeconomics
Monetary Economics
Theoretical Economics
- Job Market
The department maintains and advertises a list of its graduates students on the job market Students who wish to be listed in the department roster of job market candidates must have a credible job market paper approved by the chair of their Advisory Committee, and they must have presented their job market paper in a department workshop or student seminar.
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