Twin Cities campus
 
Twin Cities Campus

Economics Ph.D.

Economics
College of Liberal Arts
Link to a list of faculty for this program.
Contact Information
Department of Economics, 4-101 Hanson Hall, 1925 4th Street South, Minneapolis MN 55455 (612-625-6833; fax: 612-624-0209)
  • Program Type: Doctorate
  • Requirements for this program are current for Fall 2019
  • Length of program in credits: 62
  • This program does not require summer semesters for timely completion.
  • Degree: Doctor of Philosophy
Along with the program-specific requirements listed below, please read the General Information section of this website for requirements that apply to all major fields.
Note: Students are admitted only for the PhD in economics; the MA is an optional part of the PhD program. The economics graduate program offers degree work in both theoretical and applied fields of economics with an emphasis on quantitative economic analysis. The strong quantitative component in this degree emphasizes multivariate calculus, linear algebra, and econometrics (statistical methods of economic data). Economics coursework consists of microeconomic theory, macroeconomic theory, economic growth, price theory, cost-benefit anlysis, econometrics, economic modelling and forecasting, industrial organization, economic development, game theory, optimization theory, and financial, computational, international, mathmatical, monetary, public, and labor economics. Fields of specialization and written preliminary examinations include microeconomic theory, macroeconomic theory, econometrics, economic growth and development, financial economics, game theory, computational economics, industrial organization, labor economics, international economics, mathematical economics, monetary economics, and public economics.
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
The preferred undergraduate GPA for admittance to the program is 3.50.
Special Application Requirements:
Coursework in linear algebra and multivariate calculus is required for admission to the Ph.D. program.
Applicants must submit their test score(s) from the following:
  • GRE
    • General Test - Quantitative Reasoning: 159
International applicants must submit score(s) from one of the following tests:
  • TOEFL
    • Internet Based - Total Score: 100
    • Internet Based - Speaking Score: 23
  • IELTS
    • Total Score: 7.0
  • MELAB
Key to test abbreviations (GRE, TOEFL, IELTS, MELAB).
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
16 credits are required in the major.
12 credits are required outside the major.
24 thesis credits are required.
This program may be completed with a minor.
Use of 4xxx courses toward program requirements is permitted under certain conditions with adviser approval.
A minimum GPA of 3.20 is required for students to remain in good standing.
At least 3 semesters must be completed before filing a Degree Program Form.
Emphasis in all aspects of the program is on careful development of the theoretical basis for the work, whether the work is theoretical or applied, and whether the relevant theory is drawn from economics, econometrics, mathematics, statistics, or other related disciplines. Before undertaking research for a doctoral thesis, the student must pass written preliminary exams in micro- and macroeconomic theory, plus in two of the fields listed under the curriculum section above. The number of courses taken to help students prepare for the preliminary examinations is determined through consultation with the student's advisor.
Required Core Courses
Take the following courses for 16 credits:
ECON 8101 - Microeconomic Theory (2.0 cr)
ECON 8102 - Microeconomic Theory (2.0 cr)
ECON 8103 - Microeconomic Theory (2.0 cr)
ECON 8104 - Microeconomic Theory (2.0 cr)
ECON 8105 - Macroeconomic Theory (2.0 cr)
ECON 8106 - Macroeconomic Theory (2.0 cr)
ECON 8107 - Macroeconomic Theory (2.0 cr)
ECON 8108 - Macroeconomic Theory (2.0 cr)
Economics Electives
These courses are optional
Take 0 or more credit(s) from the following:
· ECON 8xxx
Outside Coursework
Take at least 12 credits outside the major. Courses are chosen in consultation with the director of graduate studies.
Thesis Credits
Take exactly 24 credit(s) from the following:
· ECON 8888 - Thesis Credit: Doctoral (1.0-24.0 cr)
 
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ECON 8101 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 5151 or equiv, Math 2243 or equiv, concurrent registration is required (or allowed) in Math 5615 or concurrent registration in Math 8601, grad econ major or instr consent
ECON 8102 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8101, concurrent registration is required (or allowed) in Math 5615 or concurrent registration is required (or allowed) in Math 8601, grad econ major or instr consent
ECON 8103 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8102, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8104 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8103, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8105 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4165. prereq: 5152 or equiv, Math 2243, Math 2263 or equiv or instr consent
ECON 8106 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4166. prereq: 8105
ECON 8107 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4167. prereq: 8106
ECON 8108 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4168. prereq: 8107
ECON 8888 - Thesis Credit: Doctoral
Credits: 1.0 -24.0 [max 100.0]
Grading Basis: No Grade
Typically offered: Every Fall, Spring & Summer
(No description) prereq: Max 18 cr per semester or summer; 24 cr required